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<br /> ` `. `' TOGETHEIi WTfH a!t the improvemenu aaw or heteafter e�ected on tlie prope�ty. and all easements,appurtenances.and �y
<br /> � fixtures aow or hereafter a part of the praperty. All replacements and addiuons st�all also be covered by this Security �._
<br /> • Tnstrument.All of th$foregoing is refemed to in this Security Instrument as the"Property," ���
<br /> BORROWER COVENf►NfS that Eorrower is lawfully seised of the estaze hereby conveyed and das the right to grant and
<br /> '�°.;� : convey the Property and th3t thz Proyerty is unencwnbened, ezcept for encumbrances of record. Horrower warranu and will �
<br /> . t��"�� defend generally the dde to the Property against all claims and demands.subject to any encumbrances of record. `'�t
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<br /> THIS SECLJRITY INSTIrtUMENI'combines uniform covenanu�'or nntional use and non-uniform covenat�u�vith limited '�''
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<br /> .�`��� variations by jurisdiction to conssitute a uniform security instrument covering real property. '-
<br /> • iJNffORM COVENANTS.Borrower and Lender covenant and agree as foilows: �
<br />��� • 1. Paymeut of Prtndpal ant� Intea�t; Prepayment and Late Chatges. Borrower shall prompdy pay when due the � '
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<br /> - . principal of and interest on the debt evidenced by the Note and any prepaymQnt and late charges due unde�the Note. �: .
<br /> 2.Ft�acLs far Taxes and Insurance. Subject to applicxble law or to a written waiver by Lender, Horrower shall pay to �
<br /> • " Lender on the day monthty paymenu are due under the Note,until the Note is paid in full,a sum("Funds")for. (a)yearty taxes
<br /> ` and assessmenu which may attain priosity over this Security Insmiment as a lien on the Property:(b)yearly leasehold payments �"
<br /> : �� '' or graund renu on the Property,if any;(c)yearly hazard or property insurance prerniums;(d)yearly flood insurance premiums, ="M-�
<br /> �.::,��:;g:: ���'
<br /> «; if agy;(e)yearly mortgage insurance pnemiums, if any; and(�aay sums payable by Borrower to i.ender.in accardance witit
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<br /> �,<�� the provisia�s�c►f paragraph 8. in lieu of the paymenc of mortgage insurance premiums.These items are called"Eserow Irems." ��"
<br /> Lender may, at any time,collect and hoid Funds in an amount not to exceed the maximum amaunt a lender for a federaliy ____
<br /> related mortgage loan may require for Borrower's esci�ti1 account under the federal Real Estate Settlement Prooedures Act of
<br /> `�";.; ! 1974 as amended frum time to time, 12 U.S.C. Sect's�n Zb01 et seq. ("RESPA'), uulzss anoth�r law that applies to the Funds �^P
<br /> '��` '` sets a lesser arccunt. If so,Lender may. at any time. collect�3r�i3 Funds in an amount n�t ro exceed the lesser amount. �---
<br /> ,;;y I,ender m:.} �.�'cimate the amount of Funds due on the i��f���data and reasonable estimetes of expenditures of fnmre t`e''..'.
<br />` <<.� Fscrow Ite�ns iir o�.�n+r'ssa�s�rcordance with applicabt�isw.
<br />-��^ The �'� s�s:i �e��YLL in an institution wh:re deposiu are insured by.a f�eral agenry, instrumentality, dr entity
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<br />_:;�; • ('snciuding€.��r,if Le�kar is sucia an instiwtion)or�.s?�y Federal Home Loan B�nk. Lender shall appty the Funds to pay the ►.�:=�
<br />: =? '� Escraw Ite�..�nder ma�not cltarge Borrower for holding and applying the Fwds,annualh analyung ihe escrow acxount,or �_
<br /> verifying��,.=Fsczvw Items,unle,ss Lender pays Borrawer iraerest on the Funds and applicab}�iaw permits Lender to make such
<br /> . a charge. H��wever,Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service
<br /> used by Lender in oonr_�ction with this loan, unless applicable law provides otherwise. Unless an agm��ant is made or �.__
<br />�� � applicable law zequires interest to be paid, Lender shall not be reyuired to pay &�r�ower any interest or eamiags on the Funds.
<br /> �. • Borrower ass�iGe:.der may agree in v�ritiag, however,thai interest sti2!!be paid on the Funds. E.eader shall give to Bormwer. u��`
<br /> without chsri��an annual aocounting of the Funds,showing crec._'ius and debiu to the Funds and the purpose for which.�ch –
<br /> debit to the Funds was made.The Funds are pledged as additionat sacuriry for all s�nc secure�3 i�a this Securiry Iasnvment. ��`
<br /> . _ If the Funds held by i�aider exceed the amounts permitted to*��e3�by appij�able law,Lender shall ac�unt ta Borrower ;`:
<br /> for the excess Fuads in�.^.a:m�ance with the requirecr.�2s u.applica9te iaw_ i�`�the amount of the Funds held i�y I.ender at any �
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<br /> ame is not sufHcient to pay trte Escrow Items when due.�i.:de:,:.::,so notify Tdaar�ower in writing,and.in such c�e Hortower r!f;
<br /> . ,., shall pay to I;ender the amount necessary to make up the defccie�cy. �orrower shall make up the deficiency in no more than —
<br /> •• twelve monthly payments,at Lender's sole discrerion.
<br /> Upon paymeni in fu11 of all svms secured 6y this Security Instrument. [,ender shall pr�mptly refund io Boaawer eny "�
<br /> . Funds held by Lender.If.under paragraph 21,Lender shall acquire or sell the Proparty,Lender.prior to the acquisition or sale �tdrr_�_
<br /> � of the Property.shall apply any Funds held by Lender ai the time of acquisition or sale as a credit against the sums secured by =__
<br /> . :, �, this Secunity:Lm�rument. �•,
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<br /> •�;�;. 3.A�+Glp�on of Payments.Unl��pplicable taw provides��.iF�wise.all paymenu received by Ixnder under paragrapb� __
<br /> �. :f;.�. 1 aed 2�.�be sppliect: fi:.�.to any�r�ayment char�es dae ua�:r:ne Note:s�c+ond,to emountn payable under paragrap3�2; �,
<br /> r�h�.t�ir�r�:��f:�ue:F�utcfi,��pdncipal dae;and last_to any late charges due t..-��er thc Note.
<br /> . �;r�; • ' 4.��Ideas.1Botrower shall pay all taxcs,:�sessments.charges. fin�•�md impo�tions athi6utable to the Property � `"
<br /> • wluch m,y�.:si�.ssi�priority over this Security Instrum�:,�t,and leasehold payments or ground ren:u, if any. Borrower sha7:�ay
<br /> � these obligG.'+a��a:s in the manner provided in paragraph�,or if not paid in that manner,Bonoz�er shall pay them on time dit�v:ly
<br /> to tke person owcd payment.Barrawer shall prompt�v_ f;�-rnish to Lender all notices of amounts to be paid uttder this paragagh. =-
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