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<br /> - TOCiE77-IER WITH all the improvemen�now or here�fler creclod on Ihc pa�perly.+md all ca�emcntx,appunenance�,
<br /> �� :' md flaturcs now ar heteAfter a patt of thc properly. All replacemeota wid additions chall�Iw�be covcred by Ihlti Security
<br /> lnaUUment. All of 1he foregoing is rcferred to in Ihis Security Inswment as the"Propeny" =-
<br /> �'�' BORROWER COVENANTS that Borrower is Ipwfully seiced of the etilate hereby conveyed and has the right ta gr�nt
<br /> "�y�, and convey the P�uperty nnd thwt�he Prop►�rty is u��uumberod.eacepl fbr encumbrances oF rccord. Borrower wArranto ond
<br /> will dePend geturaliy the title to the Propeny agAinst all clnims and demonda.subject to any encumbmnces af'record.
<br /> ^ � ��� THIS SECURITY INSTRUMBNT combines unifam covenanta for nationpl usr, und nomuniform covenant� with
<br /> �' limi�ed varlations by judsdiction to constitute a uniPom�secudty inshumenl covering rer+l propeny.
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<br /> r,r,���y�ap UNIFORM COVBNANTS. Bonvwer and Lender covenant and agrce us followa: -
<br /> ` ""M' '`'"'''*k° -.,. 1. Payment ot Principal nnnd interest=Pirepayment aad LAte CharQer. Borrower shell promptly pay when due�he
<br /> _�:..��' �� �� rinci 1 of and interest on thc debt evidenced b the Note a�d an re ment end late char es due under Ihc Nde.
<br /> �t�,;:;'�`� p 2�. F�nds tor'I�es aad lasurance. Subject to applicable luw or to a written waiver by Lenek�.Bartower shall pay ta
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<br /> -�:. •' - ,, Lender on the day monthly payments are duc under the Note,until the Note is paid in full,a sum("Funds")for:la)yearly
<br /> •�'� '� � � '� taxes and assessments which ma attain �iorit over this 5ecurit Insuument n.g a lien on the Pro rt (b>ycorl leasehold
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<br /> .�� -'�. _ �� payments or ground rents on the Property. if any; (c) yetuly hazard or property insu�nncc pr+emiums; (d) yearly flood
<br /> ` �•*�'�=;•: insutance remiums, if nn (e) yearl mon a e insurance remiums, if an . nnd (� nn sums a able b Borrower to �
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<br /> Lender,in accardence with the provisions of puragraph 8.in lieu of the payment of monguge insurnnce premiums. These
<br /> ��K'=�'~~, ' items a�cnlled"Bscrow Items." Lender may,at any time,collect ond hdd Funds in an nmount not to exceed the maaimum
<br /> `'� ,�,, amount a lender for a federally related mortgnge loam m�y require for Borrower's escrow account under Ihe federol Renl
<br /> � � • Estate Senlement Procedures Act of t974 as amended from time to time. 12 U.S.C.$2601 er seq.("RESPA"),unless another
<br /> ��i ' r�Y�� law thnt applies to the Fi�nds sets a lesser amounc. If sa.I.ender may.at any time,collect and hold Flmds in nn amour�t not to —
<br /> .. .� � exceed the lesser amount. l.ender may espmate the amount of FLnds due on the basis of current data�nd reasoneble
<br /> --° estimates of cxpenditums of future Escrow[tems or otherwise in accordence with applicable law. _ ..,_
<br /> _-- j . The Fl�nds shall be held in an institution whose deposits are insured by a federal ugency. instrumenu+liry.or entity -_
<br /> _ �, , (including l.ender.if L.ender is such an institut�on)or in uny Federal Home Loan Bank. Lender shall apply the Fund4 to pay `
<br />�-di� �, � the Escrow Items. L.ender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow
<br /> — � �' account, or vedfying the Escrow Items, unless Lender pays Barrower interest on the FLnds and applicable law permits
<br /> �'" - s-',�� Lender ta make such a cha�e. However,I.ender may require Borrower to pay a one-time charge fur an independent real
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<br /> , .. . _.:.�, estate tnx reporting service used by Lender in connec6on with this loan,uniess applicable law provides otherwise. Unless an
<br /> _.— .. agreement is mude or applicable law requires interest to be paid,Lendor shall not be required to pay Borrower s�ny interest or
<br /> „ ' earnfngs on the Funds. Borrowcr and Lender may agree in writing,however.ihat interest shall be paid on the Funds. L.ender
<br /> _ .,.� , shall give to Borrower.without charge.an Annuul accounting of the Funds, showing credits and de6its to the Funds and the _
<br /> _ .• purpose for which each debit to the FLnds wus made. The Flinds are pledged as addidonal securiry for ell sums serured by
<br /> _ . .;`'u� . this Se.curity Instrument. __
<br /> — „t,�;,,� . If the Funds held bv Lender eaceed the amounts permitted to be held by applicable law, Lender shall account to
<br /> _��, -- ` -- bortower for the eacess Funds in accardance wi�h�hr�rWuiico�eois vi'applieabk law. ff il��7tii8Ui3L Of 2IiC�Ifl�s tield by _
<br /> Lender at an,y time is not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in wr�dng,und,in
<br /> _=�_�, �'R�z_ sucb case Borrower shall pay to Lender 1he simount necessary to make up the deficiency. Borrower shall make up the _
<br />- ; ► deficiency In no more than twelve monthly paymems,at L.ender's sole discretion.
<br /> __,�. � ° , Upon payment in full of all sums secured by this Security Instrument.I.ender shAll promptly refund to Borrower�ny -
<br /> -__ � Funds held by Lender. If.under paragrnph 21,Lender shall acquire or sell the Property.Lender,prior to the acquisition ur ,•��-
<br /> - �. sale of the Properry, shall apply any Funds held by Lender at the time of acquisition or sAle us a credit against the sums E"
<br /> .. ,r .�„r secured by this Security Inswment.
<br /> '�° 3. Appllcation ot Payments. Unless upplicuble Inw provides atherwise, all payments received by L.ender under �.=.
<br /> - `�y �� paragmphs 1 and 2 shall be applied:first,ta any prepayment churges due under the Natc;second.to umounts payable under _.
<br />,� ,�-.h.•• ., puragraph 2;third,to interest due;fourth,to principal due;and lust,to any late churges due under the Note.
<br />� � . 4. Chtuges; Liens. Borrower shall pny ull taxes, a�sessmems, churges, �nes and impositions attributnble to the _,_
<br /> - � •� • Property which muy unain priority over this Securiry Instrument,s►nd leusehold payments or ground rents,if any. Borrower ��-
<br />— � ;��, � ' ' shsill pay these obligntions in the munner provided in psuugrnph 2,or if not paid in thut munner,Borrower shnll pay them on �
<br /> -��� ���- � time dircctly to the person owcd payment. Barower shall promptly fumi�h to Lender all notices uf runounts to he paid under �,_-
<br /> — .. -. thi�pamgraph. If Borrower mukes these p�yments directly,Borrower shall promptly(urnish to l.ender receipts evidencing
<br /> .+a;;� ' . the payments. _
<br /> ,�y,;� .� - 8 Borrower shnll promptly dischnrge nny lien which has prioriry over this Security Instrument unless Bortowee(a)agrees �..
<br /> � 'u`�''�' in writin to the a ment of the obli ation secured b the lien in u munner acce tnble to Lender,(b)contests in ood fuith the
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<br /> • lien by,or defends against enforcement of the lien in,legul praceedings which in the Lender's opinion operate to prevent 1he
<br /> - '�.��;.�� � enforcement of the lien;or(c)secures from the holder of the lien an ngreement satisfactnry to Lender subordinuting the lien
<br /> . ��,,� • to this Securiry Instrument. If Lender determines that uny purt of the Property is subject to a lien which may t+nuin priority � ^
<br />�i •, � ,r;�,, over this Securiry Instrument.Lender may give Borrower a nutice identifying the lien. Bortower shall satisfy the lien or take '_-._�_
<br />_`�` �;_- ;: ' one or more of the actions set fonh ubove wilhin 10 days of the giving of notice. "'�'-
<br />__=_ , . S. H�ard or Property Insurance. Borrower shall keep the improvementx now existing or herevfter erected on the '
<br />_y ` � Propeny insured ngainst loss by fire,hsu.urds included wi�hin�hr terni"extrnded roveruge"and uny other hazards,including � '
<br /> .a. floods or flooding,for which Lender requires insumnce. This insurance shull be maintuined in the nmounts ond for the r
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