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<br /> . - 'I'OaECHBR WITH all Ihe impravemen�now ar hercaftu erccted an the property and ull eucemems.appunmances,
<br /> - end fixluta now or hereafter a p�rt of the pmperty. All rcplacements wxl udditions shall olco be covered by�hi�Security
<br /> �` Iesp�umenG All of Ihe fot+egoirtg is t+efenrd to in this Secudty Instrument as the"Property."
<br /> 90RROWER COVENAN7'S tha►Borrower ix lawfully scised of the estate hereby conveyed and has the dght tn gran�
<br /> = and convey the Ptoperiy end Ihat the PmpeAY is unencumber�d,except for encumbrances of record. Borrower warrant�wnd
<br /> will defend generally tl�e title�o�he Propeey againat all clalms and demands,cubject to any encumbrances of record.
<br /> d non-unifum�
<br /> ��ove�wntr with -
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<br /> . STRUMENT combines uniform covenents for national
<br /> THIS SECURITY IN
<br /> �°k• limited vuiotiona by Judsdicdon ro constirote A uniform security instrument covering real proNeny.
<br /> .. UNIFORM COYENANTS. Borrower and Lender covenant end agree ax follows:
<br /> � !, Payment of Prindpwl ond laterest;Prepaymeat and LAte Cbu�ea. Borrower shall promptly puy when due the
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<br /> � y princip�l of and intenst on Uie debt evidenced by the Note and any prepRyment and Ipte charges due under the Note.
<br /> —� - ; 2, I�nds for 7T�tes�d la�urnnca Subject to applicable law or to a wtitten walver by Lender,Borrower shali pay to
<br />--�--�'�-- - -. Lcnder on the duy monthly payments are due under U�e Note.undl the Note is paid in full,a sum("Funds")for: (a)yearly
<br /> twces and�ssessments which may ntt�in priority over this Security Instrument as a lien on the Prope�ty: (b)yearly lec+sehold
<br /> �°�� payrnen[s or ground rrnts on the Property, if uny: (c) yearly hazard or property inaurance premiums; (d)yenrly flood
<br /> �'���� insu�anec pr�emiums, ii any;(e)yearly martgage insurmce p�emiums, if any; and (�nny sums payable by Borcower to
<br /> ����..,_.��, — Lenda, in accordance with the�provisions of paragraph 8,in lieu of the payment of mortgage Insurance preroiums. These
<br />�■��' ��?q� items are called Escrow ltems. Lender may,at any tlme,collect and hold Funds in an cmount not to exceed the maximum
<br /> -- - ----- amount a lender for a federAlly related mortgage loan may r+equi�for Bornowerk escrow account under the federal Real
<br /> �� Estate Senlement Pracedures Act of 1974 as amended from time to time.12 U.S.C.$2601 er seq.("RESPA").unless another
<br /> � " � "'�:,T law that applies to the Ii�nda aets a lesser amounl. if so.L.enJ�r may,at any Nme.collect ar�d hold Funds in an amount not to --
<br /> � .. exceed the lesser amount. Lender mny estimate the amoun[of F�nds due an the basis of current dwa and reasonable
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<br /> —�f,_ . � , esdmotes of expenditures of futurc Escrow Items or otherwise in xcordance with applicable law.
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<br /> � 'Ihe Pl�nds shall be hcld in ar� institution whose deposits ar�e insured by a Eederal agency,instrumenttiliry,or entity
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<br /> ��,��';..-..� ._. `���." (including L.ender if L�ender is such an insdtudon)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay
<br /> `JN�.�+'�'^•Y`��^�.;r.t, , the Escrow Items. Lender may not charge Borrower for holding and appiying the Funds,attnually analyzing the escrow
<br /> ����%�' Accnunt, nr verifying the Escrow Items. unless Lender pays Borrower interest on the Funds and applicable law peemits
<br /> -'�3� y� ' '"�� Lender to make such a charge. However,l..ender may require Borrower to pay a one-pme churge for an independent real `
<br /> ='. � . :,�'�'-�' ��'�'� estate 1a�c reporting service used by l.ender in connection with this loan,unless nppltcoble!aw provides otherwise. Unless an
<br /> `•` ,:;��1� ;�;';,�`, agreement is rtwde or t+pplicable law requires interest to be paid,Lender shall not be required�o pay Borrower any interest or
<br /> ���Y��;, eamings on thc Funds. Borrower and Lender may agree in writing.however.that interest shall be paid on the Funds. Lender
<br /> ';r;s . •'.�•.���:*=••,��• •��' shall give to Bomnwer,without charge.an annual accounting of the Funds,showing crcdits and debits to the Funds and the
<br /> __�«�__�•�aw.�:;�rr purpose fa which each debit to Ihe Funds was made. The Funds are pledged as additianal security for all sums secured by -
<br /> , --_.. T -a`� this Security Instrument. -
<br /> f�' , �, " .. �'• If the Flinds held by Lender exceed the amounts permined to be held by applicable law, Lender shAll account to
<br />- Y•• ~ Homower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by
<br />=r �'` � � ' ' l.ender at any time is not sufficient to pay the Escrow Items when due,I.ender may so notify Borrower in writing, and, in
<br /> � �1� such case Borrower shall pay �o L.ender the amount necessary to muke up the deficiency. Borrower shall make up the
<br /> �"�"•� ����`�`>.`� :;1,: d e f i c i e n c y i n n o m o re I h a n t w e l v e m o n t h l y p u y m e n t a,a t L e n d e r k s c�l e d i s c re t i o n.
<br /> ' .� '�':.:'.��:��� U a ment in full of ull sums secured b this Securi Instrument. Lender shall rom refund to Borrower an =
<br /> t:, P�P Y Y �Y P P�Y Y
<br /> - ' '� � • � FLnds held by Lender. If.under parngraph 21,Lender shall ucquire or sell the Property,Lender,prior to the acquisition or E;
<br /> -' ,� .. •.:� - -� " sale of the Properry, sh�ll apply any Funds held by Lender at the time of acquisition or sale as a credit against ihe sums -
<br /> a ; .�-,--..�.: �+ aecu�ed by this Security Instrument.
<br /> �� � 3. Applkatlon ot Payrmnts. Unless opplicuble law provides otherwise,all payments received by I.ender under
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<br /> � paragraphs I and 2 shall be epplied:first,to any prepayment charges due under the Note; second,to amounts payable under
<br /> ' ' • parwgraph 2;third.to interes�due;fourth,to principnl due:and lust.to nny late charges due under the Note.
<br /> .�' ` " 4. Chs�r¢es; Liens. Bomower shall pay all laxes, assessments, charges. fines and impositions attribuwble lo the
<br /> t.� ' !�=������ �•• propeny which may atlain priority over this Security Inslrument,and leasehold paymems or ground rents,if any. Borrower
<br /> '"'"�'�`,F` .Y � shall pay these obligations in the manner provided in paragraph 2,or if not paid in thut manner,Bonower shall pay them on
<br /> `"' ��'� time dircxQy to�he person owed payment. Borrower sholl prornpUy furnish to Lender ull notices of amounts to be paid under __
<br /> ' '•�.,t' �` this paragraph. If Borrower msikes these payments direrdy,Borrowcr shall prompUy fumish to L.ender receipls evidencing -
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<br /> �+�.':. ' the PaYr*rcnts.
<br /> °� , Borrower shull promptly diuharge nny lien which has priority over�his Security Insttvment unless Borrower:(a)agrees
<br /> in writlng to tt�e payment of Ihe abligation secured by Ihe lien in a munner Acceptable to Lender,(b)contests in good faith the
<br /> �°� � . lien by, or defends ugainsc enfonement of thc lien in,legnl proceedings which in the Lender�s opinion operuce�o prevent the
<br /> � � � .�• enforcernent of the lien;or(c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien
<br /> � �,, to this Security Inswrnent. If I.ender determines thut uny part of the Property is subjecl to a lien which may attain priority `
<br /> : ._��," �J�. over this Secu�iry Instrumen6 Lender may give Borrowcr a notice identifying the lien. Borrower shall satisfy the lien or take
<br /> one ormore of the actions set forth above within 10 dnys of the giving of notice. _
<br /> „r ., : 5. Hazard or Property lusurance. Borrower shsill kcep the improvements now existing or hereufter erected on the E—`
<br /> � �� Property insured against loss by fire,huzard�included within the term"extended roverage"und any other hnzards,including `
<br /> ° floods or floodfng,for whkh l.ender requires insurenrc. This insurnnce shall be maincuined in the umount� and for the
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