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<br /> TOCiE77iER WITH dl the impmvm�entr now or hereafter ercct«!an 1he propeny.nnd WI ea�emcn�r.aPPartenAnces�
<br /> uid tixture�now or he�eaUer�put of the property. All rcplocementx w�d addiUonr sholl al�o be rove+ed by this Security
<br /> In�uument. All af�hc foroaoin�i�rei'cmed to in tl�i:Secu�ily Initrument w the"Propeny"
<br /> BORROWER CUVENANT3 that Borrower is lawfully sel�ed oi'the ertue I�reby rnnvoycd and hu the dght to�nt
<br /> --- �nd convey theP�p And that the Properti j�inat�II cl�'and de andse ubject�to any mbrw�ces of'reco�� -
<br /> - will dePead gaktWy tlhe tilb a the PropertY �
<br /> _g—�.-._-____ a_-�� THIS SECURITY INSTRUMENT combines unifotm covcnama for n��ional usc and na�-wdfotm wvenanta with
<br /> limited variationa by judsdiction w eorWiwle p unitorm cecurity inctrument covcvfn�{rea!prope�iy. c- -'
<br /> — UNIFORM COVBNA[VTS. Borrower and L.ender cavetwnt or�d pgrce+�s followe: when due the
<br /> _��--� 1. p�y�oeot ot Ikiacipd aed lateresti�W9�nt�ad LAte Ch�rges. Borrowcr shall pmmptlY paY
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<br /> pdnci of and interest on�he debt evidenced by the Nae ond any prepuyment w�d lue chsugas due und�r Ihe Nute.
<br /> Ftiads tor 7bxes aad iatur�ace. Subject Io applicable luw or to a written waiver by Lender.Botrower shull p:ty to
<br /> —°:;� Lender on the day monthly payrnenta eie due ueder the Noto,undl the Nae is ppid in full.a sum("PUnds")for: io)y�1Y
<br /> - ---- --- taxes and assessments which may ettain priodry over thia Securiry Insuvment as a lien on the Pmperty: (b)yearly tea�ehold
<br /> -""� p�ymenta or ground rents on �he PropertY. if any; (c) yesuly harard or �xoperty insurance premiums; (d) yearly fload
<br /> -- �"'-a? insurance premiums. if�ny; (e) yrarly mortgage insurance premiums. if any; and(�anY sums payable by Borrower to
<br /> ---_- I.ender.in accoNance with the prnvisions of paragraph 8,in lieu of the pnyment of mortgage i�suronce premiums. These
<br /> _ ___�__� items are caltod"Escrow Items." Lender mAy.at eny time,collect and hold Funds in an amuunt nat to exceed the ma�eimum
<br /> - amount a lender for a federolly relqted mortgage loan may require for Borrowerl�escrow uccount under the federal Real
<br /> ------ Fslate Setllement Procedures Act of 1974 ag amended from time to I�me.12 U.S.C.4 2601 er seq.("RESPA"),unless enother _
<br /> __ __ __ V*�-'' IAw that appltes to the Phnds aet�e lesser amount. If so.Lender may.at any time,collect and hold Funds in an amaunt not to `
<br /> �,��'�=- exceed the lesser sunount. Lender may estfmate Ihe amount of PWnds due on �he basis of currcnt daw and reason�blo -
<br /> -� ectimates of expenditures of future Esemw Items or otherwise in ucco�e wlth upplicnble law.
<br /> —�--`"�� � The F�nds shall bc held in an instituUon whoso deposits are insured by e federal agency. instrumentality.or entity
<br /> '-��z.�� (lncluding l.ender,if Lender is such an institudon)or in any Federnl Home Loan Bank. Lender shnll apply the Flmds to ps►y
<br /> _'�7� �; .. thc Escmw Items. l.endu may not chuge Borrower for holding und applying the Flinds,annually analyzing the escrow
<br /> ����_ ; account.or verifying the Escrow Items, unless L.ender pays Borrower interest on the FY�nds and applicable !aw permits
<br /> -- -- Lender to make such a charge. However.L,ender may require Borrower to pay o one-time charge for an independent real
<br /> _�W`=':,�,��'? estate tau reporting service used by l.ender in connection wlth this loan.unl�s applicable law provides otherwise. Unless un
<br /> -'�-����—�:.: ngreement is made or applicable law requires intcrest to be paid.Lender shall not be required to pny Borrower any interest or
<br /> ���. ��:.: eaminge on the Funds. Borrower and Lender may agree in wrfting,however,that inlerest shell be p�td on Ihe FLnds. Lender
<br /> a•� , shall give to Borrower,without cherge,an annual accounting of Ihe FLnds,showing credits and debits to the FLnds and the
<br /> �}�`�� . , purpose for which each debit to the FLnds was made. The Funds ue pledged as additional secudty for all sums secured by
<br /> =----.�,��,ir:.�• this Securfty lnstrument.
<br /> - ������'�°: `'--- If the FLnds held by Lender exceed 1he amounts permined[o be heid by a�pikabte iaw, Lcadcx �ha!! ace�snt so
<br /> '=_ " '�"'`' " Borrower for 1he excess ELnds in acco�dance with the requirements of applicable law. If the amount of�he Funds field by
<br /> -�-"°��-� .� l.e n d er nt�n y tfine is not sufllciem to pa y the Escrow Items when due.I.ender mey so notify Borrower in wdting, end. in
<br /> -�� • •Lr.l�••..�4 `� such case Bortower shall pay to I.ender the Amount necessary to maka up the def�clency. Borrow e r s h a l l m a k e up t h e
<br /> -�=���� =;�`:'""": .` : ` „ deticiency in no more than cwelve monthly payments,at Lender s sole discretion.
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<br /> _�,�; � • "'. Upon payment in full of all sums secured by this Security Inswment,Lender shall prompUy refund to Borrower any
<br /> �,j.� � � • F1mds held by L.ender. If,under paragrnph 21.Lender shall acquire or sell the Properry.Lender,prior to the acquisition or
<br />=-i�,�.x��"�" sale of the Property, shell apply any Funds held by Lender at the time of acquisition or sale as a credit nguinst the sums
<br /> '•4• :.���� ; sccured by this Security Inatrument.
<br />�=�:��. �I�i'�`��.+��� 3. Applieadon ot Paymeals. Unless applicuble luw provides otherwise,ull payments received by l.ender under
<br /> � r�•^•��°' • ra hs 1 end 2 shall be a lied:first.to un re a ment char es due under the Note:second,to amounts payabla under
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<br /> ��; puragrnph 2;third,to interest due;fourth,to principal due;and last,to any late chnrges due under the Note.
<br /> =<� •y• ,. �?-rc- :�:- ,�. 4. Charges; Llena Borrower shall puy all uuces, assessments, ehurges. fines and impositions atuibutable to the
<br /> ' . �' �'• � property which may attain priority over this Securlty Insuument,and leasehold payments or ground rents,if uny. Borrower
<br /> -~• .� �K"!="''' •� shall pay these obligntions in the manncr provided in parngraph 2,or if not paid in that mnnner,Borrower shall pay them on
<br /> � -�'�`� ��''�` time directly to the person owed payment. Horrower shall promptly fw oiah tu Lender all nodces of amounts to be paid under
<br /> '.`"�':, • .�rt£���;�:_^� � this paragraph. If Borrower makes these puyments directly,Bomower shall prompt�y fumish to Lender receipts evt�iencing
<br /> ` .. �'`' �• the PaYments.
<br /> ������'1' � Bomower shull promptly discharge uny lien which has priority over this Securiry Instrument unless Borrower:(n)agrees
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<br />- . .;,,.��, in writing to the payment of�he obligation secured by the lien in u manner ucceptnble to Lender,(b)contests in good fwi�h the
<br /> : ��yy'� tien by.or defends ugainst enforcement of the lien in,legel praceedings which in tl►e Lender's opinion operate to prevent the �
<br /> �•,��,,,;-'•�"'�"�-� enforcement of the lien;or(c)secures from the holder of the lien un ugreement satisfuctory to Lender subordi�ating the lien
<br /> _ � �`t h.�� ' to this Securiry Inswment. If l.ender determines thut any pnrt of the Property is subject to a lien which may attain priorlty ��,.
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<br /> z. • over this Security Inswment,Lender may give Horrower u notice identifying the lien. Borrower shull snNsfy the lien or take �
<br /> • �`� ���:.; one or more of the actiona set forth above within 10 days of the giving of noNce.
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<br /> .. "� ' S. Hazard or PropeHy lnsurance. Borrower shall keep the improvements now exi�ting or hereufter erected on e
<br /> • Property insured against loss by fire,hazards included within the term"eztended coverage"and any other hazards,including
<br /> � ° � floods or tlooding,for which Lender requires insurance. This insurancc shull be maintuined in the amaunts and far the —
<br /> • � ` , Form J038 1190 f/wRe 2 oJb pa�¢rsl �`
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