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<br /> Tp(DB7'HER WITH a11 thc improvcments now ar hercafter erectcd an thc properiy.and pll ear�ementF,appuAenonces,
<br /> and tixtur,es naw or hereafter a ptut of the property. All neplucemente and addltiona aiudl doo be coverod by�his Socwity
<br /> — lnkrumrnt. All of the forcRoinQ is Rferted to in this Secudty In�Irument w the"Property."
<br /> BORROWER CUVENANT3 that Borrower ia lAwiully sel�ed of the eatAtc hercby canvcycd w�d Iws the�i�ht ro grant
<br /> - and convey the Propaty uid ttwt Ihe Property is unencumbercd,eacepl for encumbrances of rccord. Borrower warrants and
<br />_ wil)defend generally tha titk W the Propecty a$ainst all cl�im�and demands,cubject to Any c�x:umbranees of record.
<br /> THIS 5ECURr1'Y 1NSTRUMENT combines uniform covenanu� for national use und non-unifam covenantr with
<br /> ' �'__- ___.__ __ __ Iimited va�ietionq by ju�isdiclion lo conatiwk a unifam secudly lnswment cove�in�real praperty.
<br /> UNIFORM COVEIVANTS. Aortower aM Lender covenant nnd agrcc as followa:
<br /> -_�=__= 1, P�yment of Prindprl aad Iaterat;Prep�ynteot aad I.ate CWir�a, Borrower shull promP��Y PpY when due the
<br /> ----..--- princi of wnd intercst on the debt evldencod by the Note w�d eny prcpayment wnd late chnrges due under the Note.
<br /> ,��_�,�,��� � Fnnda tor 71�xes aod inwnn�Y. Subjxt to applicable law or to a written wt►iver by l.ender.Borrower shall pay�o
<br /> Lender on 1he day monthly poymenta ue due under�he Nae,until the Note Is paid in full,a sum("Funda")Pot:(u)yearly
<br /> �,w��� uxes and ucessmenw which may wtain prfalty over lhis Secu�ity inswment us a lien on the Property:(b)yearly leaaehold
<br /> -'"-�"°""� ments or ound rents aa the Pm if an (c) yearl Iwznrd ar inFUn+nce miums: Id) yeurl fload
<br /> ������t� 1'�su�ance pre�ums, if any;(e) yeuly�mmongage insurance premiums. if u�ny�aad(�anY sums payable by Bornower to
<br /> Lender,ln Acco�dance wi�h the provisions of paragroph 8, in lieu of the payment of mortgage insutnnce premiums. These
<br /> items ar�e eelled"Escrow Itemc." Lender may,at any time.collect and hold Ponds in an amount noi to eaceed the maximum
<br /> �,,,,�+,•r;+� amount a lender for a federaUy related mortgage toan may require for 8orrower`s escrow account under the fedeml Repl
<br /> ��� Fstate SetUement Pracedures Act of 1974 as sunended from tlme to t�me. 12 U.S.C.$2601 er seq.("RESPA"),unless another
<br /> Iaw that applies w the Funds sets a lesser amounG If so.l.ender may.at any time.collect and hoid Funds in an umount not to
<br /> - _= - .:.:.�.,� exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of curnnt dww and rca.wnable
<br />_,�i�;,r4,- `�,-,,,,.. esdmates of expaidltuoes of fuqu+e Escrow Items or oth.�rwise in accordance wilh applicable taw.
<br /> _b� y����� The Wnds shall be hcld in an insdtut�on whose deposils are insurcd by a fedeml ugency, insaumentality, or entity
<br /> �os.:i�;'•
<br /> �,•.,:-�,. _ . (includfng Lender.if Lender is such an insdtution)or In any Federal Home L.oan Bank. l.ender shall apply the Funds to pay
<br /> — � ��. the Escrrw Itema. Lender may not charge Bortower for holding and applying the Funds,annually analyzing the escrow
<br /> "?:.;rt•�'r�-�-��. � accoun� or vedfyfng the Escrow Items, unless L.ender pays Borrower interest on the Funds end Applicable law permits
<br /> —'���•�������� ••�'�� Lender to make such a charge. However.Lender may requi�Borrower to pay a one-time charge for an independent real
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<br />__.,;�5-�,,y� estate uuc�eparting scrvice used by Lender in connection wi�h ihis loan,unless applicable law provides otherwise. n ess an =
<br /> , . ' agr�eement is made or applicable law requires intcrest to be paid,Lender sFiell not be rcquired to pay Borrower any interest or
<br /> "�"Y"�r"° �� - eamings an the Punds. Borrower and Lendcr may agree in wriUng,hawever.that intorest sh�ll be paid on the Funds. Lender
<br /> � r,;�;*`'�'�`, shall give to Bomower.without churge,an annua!accounting of�he Funds,showing credits su�d debits to the Funds And the
<br /> �"-.`.''�� `,�`�; purpose for which each debit to the FLnds was made. The Funds are pledged as addit�onal socurity for all sums secured 6y
<br /> �''''.°;`��:. this Sceurity inswment.
<br /> —����!j='�°<=- It'tt�t Rmdc held by i.ender exceed the emaunts pemdtted to be held by applicable law. Lender shall account to
<br /> '����''��%'?`•" ^� Bomower for the excess Funds in accordance with Ihe requirements of applicable law. If the amount ot the hLnds heid by
<br /> •�'��� 4 � Lender at any time is not suificient to pay the Escrow ltems when due.l.ender may so notify Borrower in writing,and,in
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<br /> — ° such case Borrowec shall pay to Le�der the amount necessstry to make up the de�ciency. Borrower shall make up the
<br /> — 'i'� •� ' deficiency in no more than twelve monthly paymems,at l.ender's sole discretion.
<br /> . ;�.,: •,.
<br /> — °� �� . •"-�.;y�'• Upon payment in fuil of all sums secured by this Securiry Insaument.Lender shall prompdy r�un to orrower any
<br /> -�� Hlmds held by lxnder. If,under paragraph 21,Lender shall s►cquire or sell the Properry,Lender,prior to the ncquisition or
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<br /> ��' � .,,^ aale of the Property,shall apply any Funds held by Lender at the time of suquisition or sale as a credit ageinst the sums
<br /> _-�..�F'ro. .-A �. secwed by this Security Inspument. _
<br /> _-� � 3. Applkatbn of Payments. Unless applicuble law provides otherwise, all payments neceived by Lender under
<br /> •'-+`f'!�' �'° �• �' � paragraphs 1 and 2 shall be applied:first.to any prepayment charges due under the Note:second,to amounis payable under
<br /> _ ""10i."" � parugtaph 2;third,to interest due;founh,to principal due;and Inst,to uny late charges due under the Note.
<br />-_� �"+�'�'?" : 4. Char�es; Liens. Borrower shall pay all taxes, assessmenls.chiuges, fines and imposidons auributable to the
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<br /> �,: ,:�_� __. prnpetry which may attain priority over this Security Insuument,and leasehold payments or ground rents,if tiny. Horrower
<br /> ___, 'h��K �" shall pay ihese obligations in the manner provided in parogrepb 2,or if not paid in that manner.Borrower shall pay them on
<br /> — dme�irecUy to the person owed payment. Borrower shall promptly fumish to Lender ull notices of nmounts to be paid under
<br /> - ,� v••" t'�i this pars+graph. If Borrower makes these payments directly,Botrower sh�ll pramptly furnish to Lender receipts evidencing
<br /> —. ��:;� . the payments.
<br /> _� vy�;`. U Borrower shall promptly discharge any lien which has priority over�his Securiry Instrument unless Borrower.(al agrees
<br />=�;;�,,��,y; . in writing to the payment of the obligation secured by the lien in m m�nner acceptable to Lender,(b)cantests in good faith the
<br /> ''�.. a lien by,or defends pgAinst enforcemem of the lien in,Iegal proceedings which in the Lender's opinion operate to prevent the _
<br /> �. ���� -
<br /> ��. .� .• enfotcement of the lien;or(c)secures from the holder of the lien nn agreement satisfactory to Lender subord:nnting the lien -
<br /> _ •�.� " J � w this Security Inswment. If Lender determines that s�ny part of the Property is subject to a lien which may atmin priority
<br /> over this Securiry lnstrumen4 Lender may give Borrower a noticc identifying the lien. Borrower shaU satiaFy the lien or take
<br />=— '.��.r �• one ormore of the actions set forth above within IU days of the giving of notice.
<br /> � � � S. Hazard or Property Insurance. Borrower shull keep the improvements now exi�ting or heres►fter erected on the -
<br /> �. . � Propeny insured against loss by fire,hazurds included within the term"extended coverage"und any other hazurds,in.luding
<br /> '' - �• floods or flooding.for which Lender requires insurance. This insurance ahall be maintained in the amounts and fbr the
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