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<br /> Tpp�I'yg.R WITH all ttie improvemcnts now a hereafter erccted on the prop¢rty.Nl�pII l�LEI11C(1[A,�ppurtenoncex,
<br /> and tixt►uca now or hereafter A put of the property. All rcplaceme�ts and addilions�h�ll dco bo coverod by thir Sacuriry
<br /> In�wma�t. All atthe fon�oinQ ir tcfeRed ta in thfs Securiry ltawmenl w Ihe"Property"
<br /> BORROWER CY)VENAfV7'S thu Boimwer is Ipwfully seis�d of�ha estate hercby conveyed wid has the�i�ht to grant
<br /> _ - �ad canvey the PtopertY and that�he ProP�nS'ig we�cumber�d'except for encumbranceo of record. Borrower wrrr�nte and
<br /> - - - will defrnd gener+dly the titk to the Property aSa+lnst all clr+imn ond demands,subJect to nny encumbronces af recorcl.
<br /> - TH1S SECURITY 1NSTRUMP.NT combir►es wiPam covenants fat national use w�d non•uniiwm c�venanu wi�h
<br /> �_=-_- - �-�--� ljmited vnrii►tions by ju�isdfetton ro constimte a unifumi cecurfty instrume�tt cavedng rcal property. r
<br /> ��p��p�/�7'S, gorrower and Lendercovrnant erid agrce as followa: when due�he
<br /> l. Pryment of Priacipal and lntere�t:PreP�9mep►and Lste Charad. Botrnwcr shall promptiy pay
<br /> principal of and interest on the debt evidenced by�he Note and eny prepayment and late charges due under the Note.
<br /> Z, F�od��a.7�C�s aod�psurance. 5ubject w wppUcaWe law or to a written waiver by I.endcr.BOROWCf fF1AI)Q�y t0
<br /> - l,ender on the day monthly payments et�c duc under ihc Note.u�dl the Note is puid in full.a sum("FLnds")for.(a)yearly
<br /> taxes and assessments which may attain pdority over lhis Securiry Instrument as a lien on the Property;(b)yesuly leasehold
<br /> ---a.-=- -= payments or grcwnd �enta on the Property. if any: (c) yearly hnzerd or property insurance premiums: (d1 yearly flood
<br /> insurance Prcm��� if any; (e)ywfiy mnrtgage insurance premiums, if any;and(� any sums payable by Borrower to
<br /> �°°�'� �r.�accort)ance with the provlaions of pangraph 8,in lieu of the payment of martgoge insurance premiums. 17�ese
<br /> �i� items nre called"F.scTOw Items." Lender may,su any time.coilect and hold Punds in an emount not to exceed the me�cimum
<br /> — emount a lender for a foderally relatod mortgage lo�u►may require for Borrower`�escrow account under the iede�al Reul
<br /> �- �State Sep�etnent p�ncedures Act of 1974 as amended from time to time, 12 U.S.C.$2601 et srq.("RFSPA"),unless another
<br /> •------ IAw that spplies to the Fw►ds sets a�esser amou°� �f 5°•Le"der mQy.at eny time,collect and hold Punds in an amount not to
<br /> �.. -�-,,,i—, exceed �6e lesser amount. L-ender muy esdmate tbe amount of Punds due on tFie basis of curtem data and reASOnabk
<br /> --- esdmates of expenditures of futurc Escrow Items or otherwise in accor�ance with applicable luw.
<br /> '�` 'll�e Funds sha1�be hetd in an iruititution whose deposits are insured by a federal agency.instrumeotnliry. or endty
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<br /> r:�,.�;� (inc�uding Lender,if Lender is such an institution)or in any Federa�Home Loan Bank. Lender shall apply the Plm to pay
<br /> ��:'•��• the Escrow Items. l.ender may not charge Bortower for halding and applying the Funds,annually onalyzing the escrow
<br /> �, 1�+� �'.! accoun4 or verifying the Escrow Items. un�ess L.e�der PaYs Borrower inter+est on the Funds and applicable law permits
<br /> l.ender to make such a charge. However.Lender may require Borrower to pay a one-time charge for an indepenJent real
<br /> �'' ---��! - esmte wu reporting service used by Lender in connecdon wilh this loun,unless applicable luw provides otherwisc. Unkss an
<br /> �-;-,�! ag�eement is made or applicable lew requires interest 10 be paid,Lender shall not be mquired to pay Dortower uny interest or
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<br /> ,. , eamt�gs on the Wnds. Borrower and L.ender muy agroe in writing,however.that interest shall be paid on the Funds. Lender
<br /> shall give to Bortower,without chatge.an annual accounting of the FLnds,showing credits and debits to the Funds and�he
<br /> pu�pose for which each debit to the fvnds was made• The Funds are pledged as additional security for all sums secaied by
<br /> , this Security lnswment.
<br /> ' ��_.• �f� ��� �� I�y 1 xnde� ea�ceed �he amounts pr.rmitted to be held by applicable law, Lender shaU account to
<br /> ,� ',7� . Borrower for the excess Funds in accordance with the requirements of applicable law. it�he amount oi�he Funds heid by
<br /> "�t � l.ender 8�any time is nat sufficient to pay the Escrow ltems when due.I.ender may so notify Borrower in writing,and,in
<br /> `• . ° ��� s such case Borrower shall pay to Lender the umount necessary to make up the deficiency. Borrower shall make up the
<br />_, •a:� deflciency in no more than twelve monthly payments,at Lender�sole discretion.
<br /> ;.�. Upon payment in full of ull sums secured by lhis Securiry Insaument.Lender shall prompdy refund to Borcower any
<br />� • ' .;;,.�;• Funds held by Ixnder. !f,under psiregrnph 21.Lender shall acquire or sell the Pcoperry,Lender.prior to�he acquisidon or =
<br />— �•��sr : sale of the Property.shall upply any Funds held by Lender ut the time of acquisition or sale as a credit against the sums
<br /> �Y�-� ; secured by this Security Insavment.
<br /> . � 3. Applieation of Payments. Unless applicable law provides otherwise. all payments neceived by I.ender under
<br />— "''-'y° y paragraphs 1 nnd 2 shall be upplied:first,to any preppyment charges due under the Note;second,to amounts payable under
<br /> �'" r �.�` paragraph 2;third,to interest due;fourth,to principal due;and I�st,to any late charges due undcr the Note.
<br /> — � 4. CharQes; Liens. Borrower shull pay ull�axes, Assessments,charges. fines nnd impositions attributable to the
<br /> •� �,�.,,;� property whkh mey nttain priorily over this Security Inswment,and leaschold payments or ground rents.if nny. Bomower _
<br /> -� ,..s, � shal�pay these obligations in the manner providcd in paragraph 2,or if not paid in that manner,Horrower shall pny them an
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<br />— .,,;,��' ,,. time direcdy to the person owed payment. Borrower shall promptly fumish to Lender atl noticcs of amounts to be paid under _
<br /> _`'� :r. � ��g n�. If Harower malces these paymonts direcqy, Bortower shall prompUy fumish Io L.ender receipts evidencing
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<br /> 4. =�r �e+ '+^ Borrower shall promptly discharge any lien which has prioriry over this Security Instrument unless Bortower:(a)ugrees
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<br />_ •3 in writing to the payment of the obligotion secured by the lien in a manner acceptable to Lender,(b)contesls in good tuth e
<br /> ,� � .b: lien by,or defends ngainst enforcement of the lien in,Icgal praceedings which in the Lrnder's opinion opemte to pnevent the
<br /> enforcement of the Iien:or(c)secures from the holder of the lien s+n ngreement s•rtisfactory to Lender subordinating the lien
<br /> c.-: �- �.`'' to this Sxurity Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority
<br /> r .: •.. e:� over this Security lnsdument,Lender moy give Borrower a notice identiiying the lien. Bortower sh�ll satisfy the lien or take
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<br /> �,. • . • one or more of the Actions set fmth above within 10 duys of the giving of notice.
<br />� = � �' • "�!1 ;:�� 5, H�rd or Property lasurance. Bortowcr sholl keep the improvements now existing or herenfter erected on thc
<br /> l'. � ' ����' :'•`' properry insured ugainst loss by fire,hazards included within the term"eztended coverage"And any other hnznrds,including
<br />— .�• . '�'•• ttoods or flooding. for which Lender requires insumnce. This insutunce shall be maintained in the amounts and for Ihe
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