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<br /> 7'pCiE7'HER WITH all the improvemrnts now or herc�fter ercctcd on the property.and all eacemenw,appurtenanccs. —
<br /> � and fiatura now or he�eafter p put of thc property. All replxements wxi addltioas ahall al�o be covered by thjs Sxurlty
<br /> - - Uuuument. All of the foro8ain�ir�efcircd to in this Secudty Inrpument as�he"Pr�opeAy."
<br /> BORROWER COVENANTS ihat Bortawer is IQwfuily seiaed af the estate hereby wnveyed and hes the right w grant
<br /> -� and convey the Property end that Ihe Propeny ls unencumbercd,except for encumbrances of record. Horrower warrwit�and
<br /> :,., will defend generally the tide to tho PropeRY aBalnst all cl�ims w�d demands,subJect to ony encumbrances of rccoN.
<br /> •' THIS SECURITY WS'IRUMEIV7' combines uniform covenents for �ational use an
<br /> d non•uniform covenaMs wfth
<br /> b°�� limitod varistions by judedicdon w constitute a unifortn security inswment covering real propeny. `-
<br /> - UNIFORM(.'OVBNANTS. Barrower nnd Lender covenant and agree as folbws:
<br /> - ---- 1. Payment ot PrWcipai aad Interest;Prepaymeat And Lote Cbarge�. Borrower shall promptly pay when duc the
<br /> p�incipal of and interest on the debt evidenced by the Note a�d any prepayment and lace charge�due under the Notc.
<br /> — .-:��,�::;�,��,,,� 2. FLads�or 7l�zes nnd Insuraace. Subject to applicable law or to a written weiver by i.endar,Borrower shall pay to
<br /> ���°�°�1e` L.ender on the day monthly paymonta ace due under the Note,unNl the Note is paid in fu0,a aum("F1�ada")for.(a)yearly
<br /> —.�.,�x:,-.—-.- i$' taxes nnd asseasmeins whlch may attain priority over this Security Instrument as a lien on Ihe Property:(b)yeariy leasehold
<br /> ---�"+w.�?` °:
<br /> V• �,• paymenta or gmuad cents on the Propercy, if any: (c) yearly hazard ar property insurance premiums: (d) Yearly flood
<br /> �e-'��=':_lt�J��c=�__ sums a able b Horrower to
<br /> --R-. insurance premiums, if any; (e)yearly mortgage insu�ance premiums. if ony; and (t� any P Y Y
<br /> � •� ._�� �;, I.ender,in accordance wjth the proviaiona of paragraph 8,in lieu of thepnyment of mortgsge insurance premiums. These
<br /> items are called"Fscrow Items." Lender may.at any time,collect and hold Funds in nn amount not to excced the msucimum
<br /> �.���,-.�. amount a lender for a federally�elated mortgage loan muy require for Borrower� eacrow account under the federal Real
<br /> esuue Setltement Proceclures Act of 1974 as amcnded from tima ta tim�. 12 U.S.C.$2601 er seq.("RESPA"),unless anot!►er
<br /> + law that applies to�he fi�nda sete a losser amounl. If sa.Lender may.at any time,coliat and hold Puods in on amount not to
<br /> � ��;?u:,.•.. '•. excced the Icsscr amaunt. LcnJ�r may estimotc thc amount of Punds due an the 6asis of curtcnt daa w�d rcawnabb �._ _
<br /> �s i��r• ewitnatca of oxpendiwrcs of futu�e Bccrow I�ema or olhenvi�c in uccordunce with applicuble Inw.
<br /> ---�'- , r.,.-� Thc Fundx ahall bc held in un inctilution whaae depaKils urc insured by u federal ugency. instrumentolity. or cnlily
<br /> --��,�'- ' `;�`� linrludin�Lendcr.if Lcndcr ig xuch an in�:�l�u�fun)or in uny Fc�rul Humc Lonn Bunk. I.cndcr shall upply�hc Funds to pay
<br /> ��,�;,.;,.`_ Ihe L'urow Item�. L.ender muy not charge Bortower for holding ond applybg the f�unds, atxtuully unulyxing[hc e�crow
<br /> `�-• u�ruunt. ur verlfying Ihe Esscmw Itemx, unlrxs Lencicr pnyK Bonower intercg� on the Fbnds und appNcoble Ivw permits
<br /> �---'%+ -•�'^ '• l.cndcr ta make Kuch o chergc. liowcvcr,Lcndcr muy rcyuirc Borrawcr to puy u onc•timc chargo for an independent rev1
<br /> —�r `'�'� �- es�ate tux reponing��rvice used by l.ender fn conneclion wjth thia loan,unlesa�pplicable law provides wherwise. llnless un
<br /> --`~'' , �.. .. • ' Agrcement is madc or applicuble luw requires interest to be paid,Lendcr shall not be reyuired to pay BoROwcr�ny interest or
<br /> � eaminga on Ihe Funds. Borrower and l.cnder muy ngrec in wrlting,however,that interest shull be paid on the Funda. L.ender
<br /> _ � �•�� �'� sh�ll give to Borrower,without che�ge,un annual accounting of the Funds,showing credlts and debits to the I�nds und the
<br /> �..,,,, purpose for which ench debit to 1hc Funds was mude. 7'he Funds are pledged as additional securiry for ail sums secured by
<br /> •�� �:'� ttiie Security Insdument.
<br /> � '"•��'' ��"`` If the Plmds held by l.ender exceed the amounts permitted to be heid by applicuhiC iuw,Leader shall accouni to
<br /> i �` ° `'" ''`` Borrower for the excess Funds in accordance with 1he requirements of appllcable law. If ihe amaunt of the Funds held by
<br /> >;'.� � � °���:�
<br /> f,.� Lender at any time is not sufficient to pay the Escrow Items when duc,Lender may so notify Borrower fn writing,and,in
<br /> - �� •, . such ease Bo�rower shall pay to Lender the amount necessnry to make up the deficiency. Borrower shall make up the
<br /> � _ � �.. dcHciency in no more than twelve monthly payments,at Lender s sole discretion.
<br /> .M ��• Upon puyment in full of all sums secured by this Secu�ity Instrument,Lender shall promptly refund to Borrower any
<br /> �"..+�3'"+`...-�, Funda held by Lender. If.under paragraph 21,Lender shall c�cquire or sell the Property.Lender.prior to the acquisition or �-i'
<br /> _ ' ���, sale of the Property, shell apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums
<br /> �° � .. ;,, ;�, „ .;� secured by this Security Inatrument. --
<br /> _ �' 4:
<br /> �.,aiw.�. �•. ,,,�r�:•••• 3. ApplicaUon oP Paymenis. Unless upplicuble law provides otherwise. all payments received by L.ender under
<br /> :a.. ' '•�'�' paragraphs 1 nnd 2 shall be applied: first,to any prepayment charges due under the Note;second,to umounts payable under �'''�-
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<br /> . ., pars�greph 2;third,to interest due;fourth,to principal due;and last,to nny late chazges due under the Note.
<br />_-�—n� �; ,,�.: ,•,� .y;:�'' 4. Char�es; Liens. Borrower shall pay ull taxes, assessments, chnrges, fines and impositions attributnble to the
<br /> �• �..L, . ` Property which may unain prioriry over this Security insuument,nnd leusehold payments or ground rents,if any. Borrower �_�_
<br />" _— ;aM:-• —
<br /> - ..� � shall pay these obligations in the manner provided in pnrugrnph 2,or if not paid in that rnanner,Borrower shall pay them on
<br /> = •`'"" '"' '�;�'. time directly to the person owed payment. Borrower shall promptly fumish to Lender�II notices of amounts to be paid under --•
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<br /> •� " � +�+•. �his paragraph. If Borrower msikes these payments directly,Borrower shell promptly fumish to Lender receipts evidencing _
<br /> r'� k =
<br /> ,.,,'My�,'-.` ; �;, the payments.
<br />- -< r -,�;. , Bortower shall promptly discharge s�ny lien which has prioriry over this Security Instrument unless Bortower:(a)ugrees _ _
<br /> . �w- 'x� ` in writing to the payment of the obligation secured by the lien in u manner ucceptnble to Lender,(b)contests in good faith the L_.
<br /> ;i�. ' ;;;�,;•� •='° , lien by,or defends against enforcement of the licn in,legal proccedings which in the l.ender s opinion operate to prevent the
<br /> �` r • . e n f o rc e m e n t o f t h e l i e n;o r(c)s e c u r e s f r o m t h e h o l d e r o f t h e l i e n a n a g r e e m e n t s a tisfacto ry to Lender subordinatin g the lien �__
<br /> � ,�::.'�'•'' ' " to this Security lnstrument. If Lender detertnines thnt any pnrt of the Properry is subject to a lien which may attain priority F-
<br /> 1�= v��`,.',_ over this Securlty Instrumen4 Lender may give Borrower a noticc identifying the lien. Borrower shall sntisfy the lien or take
<br /> '+�'`. �� a one or more of the actions set faAh above within 10 days of the giving of notice. ��.
<br /> ` .. 5. Hazard or Property Insurance. Borrower shull kee the im rovements now eaistin or hereafter erected on the •�
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<br /> Property insured ugainsl loss by fire,hazards included within the term"cxtended covera€e"and any other hazards,including
<br /> '�.!�`a' floods or flooding, for which Lender reyuires insurunce. This insurunce shnll be muiotained in the umounts and for the ���
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