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<br /> "'�- "'�'="'�'-� TOCiE7'HER W17'H ull the improvements now or henaftcr crecicd on Ihc propcny,ond oll cu�cmen�s.appunenancc�. __
<br /> �'w"'�'"��F`=� and fixturea now or hercaftar u part of the propedy. All replacements and additionx sholl ulso be covered by this Securily � a_
<br /> — Inmument. All of the forcgoMg ia referrcd to in thia Sccurity Inswment as the"Property."
<br /> •�.� ` ;...� BORROWER COVENANTS that Borrower Ic lawiully Keised of the estote hemby convcycd aid has the right to grunt
<br /> �� ' � w�d convey tho Roperty und Ihat the Propeny is uncacumbercd,eacept for encumbrancex of record. Bartower wurrants ond
<br /> ' . '� wlll defend generally tha title to the Propeny against ail cluim�and demonds.subject�u�ny encumbrunees of record.
<br /> �.�►�� THIS SECURITY INSTRUMENT combinea uniform covenants for natianul use and non-uniform covenunts with
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<br /> - T• limited vadatfons by judadicdon ro wnsdtutc a uniform securf�y inslrument cover{ng renl propertY. _ __
<br /> -.':,�'�������`'� UNIFORM COVENANTS. Borrower s�nd Lender covenant und agree us followc:
<br /> �����=,: ''•� �- !, P�ymen t o t Pr t n c i p�l a n d I n t e r e s t;P r e p a y m e n t w n d L o t e C h o r Q e s. B o r r ower shull p�am ptl y pAy whcm due�he
<br /> �'",Jn,'•,''Ta.;�'"� -- principal of and interest on the debt evidenced by Ihe Note und uny prepuyment And late chnrges due under 1he Note.
<br /> ._.: ,�,r- ..� . 2. �nds tor T�ces and InsurAnea Subject to applicAblo taw or to a written wuiver by Lender,Bartower shAll pay to
<br />��;,���_,�y�,.:��, Lender on thc dny monlhly pnymenls are due under thc Nac.until the Note is puid in full.a sum("Funda")for:(a)yeurly
<br /> laaes and assessments which muy attain pri�riry over Ihis 5ecur�ty instrument us u lien on the Property; (b)yearly leasehald
<br />��-••; �•,,����; . payments or ground rents on Ihe PropertY. if uny: (c) yeurly hazard or property insurnnce premfums; (d) yearly flaod _
<br />�; �. : , insurance premiums, if uny; (e)yearly mortgage insumnce premiume. if any; und(� nny sums payablc by Bortower to
<br />��,_j. � L.ender,in accordence wlth the provisions uf puragruph 8.in lien of the pAyment of mortgage insurance premiums. 71�ese
<br /> "'"'"'"'�`'` items are called"Escrow ltema.' I.ender mny,ut aoy ume.collect nnd hold Funds in an amount not to exceed the maximum
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<br /> •� amount a lender for u federally related mortgage loun may require for Bortower�s escrow account under the federal Real
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<br /> °�''�-�=°��?�-. Estate Scttlement Procedumc Act of 1974 as ame�ded from time to timc,12 U.S.C.�2601 et seq.C'RESPA"),unless ano er �_ _
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<br /> �; law that applies to the f�nds rets a lesser amount. If so,Lender mny.at uny time.collect and hold Funds in an tunount not to
<br /> � exceed the le�ser amount. I.ender may estimace thc nmount of Funds due on the basis of cwnnt dwta and reasonable ` .
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<br />��=��' � estimates of eapenditures of future Eticrow Itema ar otharwise in accordance with applicnble law.
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<br />'�� ,, ^ The Funds shaii be hcld in an institution whose deposits ure insured by a federal agency, instrumentolity,or entity
<br />;}''� � � • " • (including Lender,if L.ender is such an institutionl nr in any Federnl Home Loun Bank. Lender shall apply the Funds ro pay
<br />�r;,FF ' the Escrow Items. Lender may not charge Borrower For holdin$ and Applying the Funds,annuully anelyzing Ihe escrow
<br /> ``==��•`• �' account. or verifying the Escrow Items,unless Lender puys Borrower Mterest on the Funds end applicuble law permits
<br />��'�•� • Lender to muke such a chtuge. However, Lender may require Borrower to pny a one-time chtuge ior an independent real
<br /> e'�t. ' ; eswte tax reporting servke used by I.ender in conneclion with this loan,unless applicable law provides olherwise. Unless un
<br /> � �� ugreement ia made or applicable law requires intercst to be paid,Lender shall not bc required to pny Bonowcr any intcrest or
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<br /> '���� eamings on the Funds. Borrower and l.ender may agree in wrfting.hawever,that interest shall be paid on�he Funds. Lender
<br />-n_�� •. } � , shuU give to Borrower,without charge,an annual uccounting of the Funds,showing credits and deM�s to the Funds and the
<br />��` pur�wse for which each debit to the Funds was made. The Funds are plcdged as additional r,ecurity for all sums secured by
<br /> '>` thls Sccudty Instrument.
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<br /> � _ - _-.- - jf Q� �Lnds held by Lcnder exceed s!x emot�n�c �ermined to be held by applicable luw. Lender shall uccount to
<br />�� � Borrower for the excess Funds in accardance with the requirements of applicuble law. It'the amount of the Funds held by _____
<br /> `� �� � Lender at any time is not sufficient to puy the Escrow Items when due,Lender m�y so notify Borrower in writing, and,in
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<br />�!; such cuse Borrower shall pay to Lender the amaunt necessnry to make up the deficiency. Borrower shall make up the
<br /> p. • •` de�ciency in no more�han twelve monthly puyments,at Lender's sole discretion.
<br /> K• i',�'�' "��`- � Upon puyment in full of ull sums secured by chi�Securiry Instrument,Lender shall prompUy refund to Bonower uny E�
<br />� •,'.''� '`,.�; '��� • Funds hcld by Lender. If,under paragraph 21,Lender shall acquirc or scll�he Property,Lender,prior�o thc acquisition or
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<br /> a -:,. ,� „ sule of the Property. shall opply any Funds Neld by Lender At the time of acquisition or sale ns a credit against the sums � _
<br /> '��� ' secured by this Secu�ity Instrument. ••'�"'`"
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<br />�. , 3. Applieatbn of Payments. Unless upplicuble luw provi des ot henvise, a l l payments received b y Lender under ,
<br /> r� „ . puragmphs I and 2 shall be applied:first,t�uny prcpayment charges due under the Note;second,to amount�payable under �-v�-
<br />;,, �_;:;,,•.'- ' paragraph 2;Ihird,to interest due;fourth,to principAl due;und lust,to any late charges due under the Notc. -';:,-,��—
<br />= � 4. Chorges; Llens. Borrower shall puy all t�xes, us�e+sments, chnrges, fines und imposiuons attributable to thc `-'��
<br />�' �� ' Property which muy nnain priodty over this Security Instrumenl,und leasehold payments or ground rents,if uny. Borrowcr
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<br />.r.T•. '" , shall puy th��se obligutions in the munncr provided in paragmph 2,or if not paid in[hut mAnner,Bcxrower shall pny them on
<br />.�_ time directly to the person owed puyment, Borrower xhull promptly furnish to Lender all notices of umounts to be paid under
<br /> � „ this parngraph. If Borrower mukes these puyments directly,Barrower shall promptly fumi�h to Lender receipts evidencing
<br />�� ,. the payments. _ . _-
<br /> Borrower�hall prom ptl y dischurge nny lien which hus priority over this Security Inslrument unless Borrower:(u)ogrees
<br />�, in writing to the payment of the ot►ligs�tion secured by the lien in u munner ucceptuble to Lender:(b)contes�s in�oad fAith the
<br />_� . �, Uen by,or defcnds nguinst enforcement of Ihe lien in,legul pr�xeedings which in the Lendcr�opinion operate�o prevent Ihe � `' �',�
<br /> � ;�, enforcement of the lien;or(c)secures from thc holder of the lien un u�reement sutisfuctory�o Lender subordinating thc lien �tyv;�-;�
<br /> _ ,�i;,;�,�" to this Security Inswment. If Lender determines thut any pun of the Property is subjec�to u lien which may anuin priority � -°°:..--°=
<br />� •"�� over�his Secudty lnstrument,Lender may give eorrower a notice identifying the lien. eorrower shnll satisfy the lien or take �,�,...:
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<br />,� � one or morc oP Ihc nrtions set forth nbove within 10 dnys of the giving of noticc.
<br /> � H zard or Pro rt Insurance. Borrowcr zhull keep thc improv e m ents now existin@ or hereaf'ter crccted on the �� • �
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<br />' Property insurcd agAinst loss by firc,hazardti included within thc tcrm"extendcd covcrugc"�nd any othcr hoznrds,including
<br /> ' � ° floods or tlooding, for which Lrnder requires imurunce. This insurunce shnll be muintuined in�he omoums und for the „
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