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<br /> -= TO(iE7'FIER WITH all the improvementa naw or hercafter crcctcd on the propeny.and all corcmcn w. rtenaoces,
<br /> - and fi�ctures now or heroaftcr e part aP the properiy. All rcplacements and additiona sh�ll also be covar�al by lhir 3ecurity
<br /> In�wment. All bf ihe foregoin�io referted to in thi�Security In�wment ac the"Propeny."
<br /> BORROWER COVENAN7'S that Borrower ls lawfully soleed of thc catatc hercby conveyed ond has�he right to grant
<br /> :.?r. �nd convey¢heProperty and Ihat thc Property ia unencum6cred,except for encumbrances o[ucard. Borrower warronto w�d
<br /> � will defend generally the tit�e to tAe Property wQainst all claimo and demands,subJxt to any encumbranceg af reconl.
<br /> e4• TFOS SECURITY lNSTRUMENT cambfnes unlfam covenants for national uce and nan•uniform rovenwnt� wlth
<br />_ limited varletionx by jurfsdiction w conctf�ute a uniform secudty instrument covering mal propeny. �
<br /> • UNIFORM COVENANTS. Bartower and Lender covenont end agree xs follow�:
<br /> 1. P�yment ot Prledpnl�nd lotere�ti PhPayment and Lpte Chorger. Borrower shall promptly pay when due th� �._.
<br /> p�incipa1 of and interest on the debt evidenced by the Note nnd eny prepuyment and late charges due under the Note.
<br /> -- t, �ad� �or'11uea�nd Ia�uranca Subjert to applicAble Inw or to a written waiver by Lender.Bortower ahall pay to
<br /> Lender on thc day monihly payment4 are due under the Note.until the Note is poid in full, a sum("Funds")for:(a)yearly _
<br /> '�"'�""� taxes and assessrnents which may ettain primlty over thia Secu�iry Insuument as a lien on the Property;(b)yearly leasehold
<br /> _ _„��� payments or ground rents on the Property. if w�y: (c) yearly hazard or property insurance premiums: (d) yeurly ftood _
<br /> insurance premiums. if any; (e)yeady moAgnge insurance premiums, if any; and (� uny sums payabie by Borrower to
<br /> L e n d e r.i n a c rn r d a n c e w i t h t h e p ro v i s i a n s o f p a r a g r a p h 8,i n l i e u o f t he p a yment of mort ga ge insurance premiuma. These
<br /> �� items are called "8scrow Items.' Lender may,at any dme,collect and hold Funds in an amount not to exceed the mnximum _
<br /> - emount a lender for a federally related mortgage loun may requira for Borrower'c escrow account under tiu federnl Eteal
<br /> ' Eslate Settlement Procedures Act of 1974 as emended from dme to dme. 12 U.S.C.$2601 et seq.("RGSPA").unless another
<br /> law that epplies to the F�ndr sets a lesser amouo� If so,Lender may.at any time.collect and hold Funds in an umount not to -
<br /> ezcced the lesser amount. Lender may esdmate the amount of Ftinds due on the basis of cwtent data and reasonable
<br /> ____���;;��� esdmates of expenditures of future Escrow Items or od�erwise in accordance with s�pplicuble Inw. _
<br /> —..==v,�s The FLnda shall be held in an institution whose deposits ure insured by a federal agency,inspumentality,or entity
<br /> �.-:-:�'�`,; (including l.ender,if Lender is such an instituNon)or in any Federal Home I.oan Hank. Lender shall apply the Funds to pay
<br /> -�_�����1 the Escrow Items, Lender may not charge Borrower for holding and applying the FLnds, annually analyzing Ihe escrow -.--
<br /> ;� account,or verifying the Escrow items, unless Lender pays Borrower interest on the Funds und applicable law pertnits
<br /> �'.?NF3' Lender W make such a charge. However. Lender may require Borrower to pay a one-time charge for an Independent real
<br /> �:�� estate tax�eporting service used by l.ender in connection with this loan,unless npplicable law provides otherwise. Unless An
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<br /> _ .., ,b� • agrcement is made or applicable law requires interest to be paid,Lender shall not be requimd to pay Barower eny interest or
<br /> — eamings on the F'unds. Borrower and L.ender may agcee in writing,however.that interest shall be paid on�he Funds. L.ender
<br /> '` t'°� shall give to Bormwer.without charge,nn annual accounting of the f�ads,ahowing credits und debits to the Funds and the --
<br /> �.L •a�w".`..�� •' purpose for which ench debit to Ihe Flmds was made. The Funds are pledged�s additionel secudty for all sums secured by
<br /> - — . �'.,Y : '• this Secudty Instrument,
<br />_ —��<+?� — If the FLnds hald by Lendor eateed the atnounts permitted to bc held by appli�able law,Lender shull account to
<br /> '�''�' ::("�� Horrower for�he excess Funds in accordance with the requirements of appiicabie iaw. if the amaunt uf rhe Fun�hciJ by
<br /> - � ,;r�;;kf�'�"' Lender ut eny time is not sufficient to pay the Escrow Itema when due.Lender may so notify Borrower in writing,und,in
<br /> ,.j;�,+,,,��.� such case BoROwer shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> deficiency in no more than twelve monthly payments,at L.ender's sole discretion.
<br /> �� ��!^�.� Upon payrnent in full of ull aums secured by this Security Insttument.Lender shall promptly refund to Barrower uny __
<br /> �s.;�• � Y'cW,'�,. Fbnds held by L.ender. If,under paragraph 21,Lender shall ucquire or sell the Properry,Lender,prior to the ucquisition or !
<br />_, � ^ sale af the PropeAy. shal!upply any Funds held by Lender at the�ime of acquisition or sak as e credit against�he sums
<br /> "-� ,rr '�;��: secu�ed by thia Security Instrument. _
<br /> -t�-� : � '`�•` "'- 3. Applicalion of Paymenta Uulr�s applicoble law provides olherwise,all payments received by [.ender under __
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<br /> , parngraphs 1 end 2 shall be applied:first,to uny prepayment charges due under the Note:second,to amounts puyable under
<br />_:=�'''� '"'"'""f "M'� , , puagraph 2;third,to Mterest due;fourth,to principul due;and last,to uny late charges due under 1he Note.
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<br /> �L:� : �- e'� 4. Chorges; Lfens. Bortower shall pay all tnxes, assessments. churges, fines su�d impositions attri6utable to the -
<br /> ,,.� �i �'Mf�� :. Property which mey attain prioriry over Ihis Security Instrument,and leusehold payments or ground rents,if any. Borrower
<br /> --�;'��" ,- � shall pay these obligations in the manner provided in paragraph 2,or if not puid in that manner. Borrower shall pAy them on _
<br /> _-_�• ' � � `f���' "" � t�me direcdy to the person owed paymem. Borrower 4ha11 promptly furnish to Lender ull notices of amoums to be pnid under _
<br /> - - :,s'_���"s`�','"""�� this paragruph. If Bomower makes these payments directly,Borrower shall promptly furnish to Lender receipts evidencirg
<br /> _-=` � , the paymcnts. -
<br /> ��;� �,.�a � Borrower shall promptly dischutge uny lien which has priority over this Security Instrument unless Horrower:(a)agrees
<br /> ,'.�•;,/'.��' � in writing to�he payment of the obligation secured by the lien in n manner acceptuble to Lender, (b)contes�s in goad fai�h the
<br /> .R, lien by,or defends against enforcement of cha lien in,legal proceeding�which in the Lender s opinion opernte to prevent the �
<br /> ` �y I �' °' enforcement af the lien;or(c)secures from the holder of ihe lien un agreement satisfactory to Lender subordinnting the lien
<br /> 'a"� ' to this Securiry Instrument. If Lender determines tNat any part of the Property is subject to a lien which muy uttoin priority
<br /> �, ^` " . over this Security Insaument,L.ender mey give Borrower a notice identifying the lien. Borrower shall satisfy the lien m take
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<br /> +:,; • • one or more of the actions set fonh Above wilhin !0 days of the giving of notice. _
<br /> ��'``• -"�"•�� �Y+��;'r;. � S. Hazard or Property lasurance. Borrower shall keep the improvements now existing or hercufter erected on the
<br /> t� � Property insu�d against loss by fire,hsizards included within the term"extended covemge"und any olher huzards,including �`
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<br /> ' .`'��• 8oads or flooding, for which Lender requires insurunce. This insurance shrll Ix maintuined in the pmounts und for the =
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