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<br /> 7'pp617iER WITH a111he improvements now or Itcrcs�f'ter erocted on thc praperty.and all easemcntK,appuAcnoncex,
<br /> •'` �nd tiawra�ow or hereaftor�put of the property. All Rplxements wnd additiana ahWl ulco bo covercd by thl�Srcudry
<br /> ��; -- irouumen� All of the fore�dng is rePcmed to in this Sxudty Insuument as ihe"Propeny."
<br /> BORROWFR COVENANTS Uwt Borrows unencumubcredicce�dcc f� r�snactum rances ofvroycord Bortow rrw hwmuur and
<br /> -::'� ,. ..,.;�,. and convey the Pnnpeity and Ihat tho Property P�
<br /> �:: wUl defend Qenerally the dtic�a the Property against All cl�ims w►d demands,subJec:t to uny cncumbrances of record.
<br /> TH1S SECURITY INSTRUMEiV'['combinea unifam covenanta for nationul use ond nan•uniform cavcn�nts wi�h
<br /> Iimited vadQtions by JudsdicUon to cunstitute a unifomi security is►strument cuvedng rcal property. a=-=-
<br /> -��� UNIFORM COVENAIV1'S. Borrower and Lender covennnt and agree as fdlaws: � �y p y
<br /> _�=a.�:;� 1. P�yment of Prtncipol and Interest;PrepAyment wad Late Ch�a. Borrower shall om I a when due the
<br /> ___��� � princi 1 oiand interest on the debt evidenced by the Nate and eny prepayment and late chargec due under the Note.
<br /> � F�ods for'l��ces and 1a�urapca Subject to applicuble law or to a written waiver by Lender,Borrower shall pay to
<br /> � � Lender on the day mvnthly p�yments ure duc under 1he Note,until the Nac is puid in full.a sum("Fund�')fbr:(u)ycarly
<br /> — ;,,��,5,,.,� taxes ond assessments whicb mpy ettui�pda�ity over this Secu�ity I�swment as a lien on thc Property;lb)yea�lcarl� flood ---- -
<br /> ��-t'�'-=�.� payments oe ground rcnts on tlu PrqxrtY� if any: (a) yearly hazcud or PTOpertY insumme premiums: (d) Y Y
<br /> ��'Y'=1' insurnnce premiums, if Any:(c)year�Y mortgage insurance pr+emiums, if any;und l� anY sums pnyable by 8orrower to
<br />� � ''-'"�' Lender. in accordance with the proviaions of p�uagraph S,in lieu of the payment of mongage insurence premiuma. These
<br /> . � items are c�lled"F.scrow Items." L.ender may.at any time,collect and hold Funds in nn am�unt not to exceed the maximum
<br /> ,:�;, amount a lender for a federally related mortgage loan may requi►e for Harower`s escrow account under 1he federol Reul
<br /> � ��^,�� '"' Estate Seplement Procedures Act oi 1974 es amended from time to time, 12 U.S.C.4 2����seq.("RESPA"),unless another
<br /> � ; _.F.��'��� lew that applies to the Fwids sets a lesser amount. If so.Lender may.at any time.callect end hold Funds in on Amount not to
<br /> °_;� ` exceed the lesser amount. L.ender may cst�m�tc the amount of Funds due on the basis of cu�rent data and rca+wnabla i
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<br /> , �,. ��;:-�; eaUmates of expenditures of fututc Escrow Items or otherwise in accordunce wilh applicable law.
<br /> �'`�:��-�� ��:;�•r�°'�' Tha Punds shell be held in en insdtution whose deposits arc insured by a federnl ugcncy,inswmentality,or entity
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<br /> �••�� (including L.ender.if Lender is such an institution)or in any Federnl Home Loan aank. l.ender shall apply the n s to pay
<br /> �,.; �,.;;,.:.. ' the Escmw Items. Lender may not charge Borrower for holding and applying the Funds,annuully unulyzing the escrow __�
<br /> •••';°'����'!�' account. or verifying the Fscrow Itema,unless L.ender pAys Borrower intercst on the Funds und applicable law permits
<br /> �� � • ��':��� Lender to meke such a charge. However.Lender may require Borrower to pay u one-time charge far an lndependent real
<br /> _`� �`�;����e.rx=�,��:�� estate tax reporting service used by Lender in connection with thie loan,unlesa applicuble luw provides othenvise. Unless an --.-
<br /> _ ;��.;;;�,��;�,;;; ogreement is made or applicable law requires interest to be paid.Le�der stialt not be required to pay Borrower nny interest or
<br /> - - � .. earnings on tho Fanda. Borrower and l.ender may agrce in wriung,however.thet interest shall be pajd on the Funds. Lende�
<br /> — � ` ��?�` • shall g[ve to Borrower,without charge,an annual accounting of the FLnds,showing credits and debits to the Funds and thc
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<br /> — �• _-�- u se for which each debit to 1he Funds was mude. The F�Unds are P�edBed as additional secudry for all sums secured by
<br /> —�'��'''►:�;.�• •' = P T�
<br /> ��:.�.r�..-.�,�-1- . lhi�SeCUtity Instn�mPnt.
<br /> � . ��. .- ,-- ��� If the FUnds held by Lender exceed the amaun4���i�iuted to bc held by ttp}}liLahlc t�w, Lend�r sha!! acconai to -_-
<br /> - � `"'�'••'�x''""�'�''"j°`�" Borrower far the excess Funds in accordance with the requirementa of applicable lnw. If the emount of the Funds held by
<br /> �,,,�' �'`��'� Lender at any time is not sufficient to pay the Escrow Items when due. l.ender may so notify Borrower in wrlting.and,in —
<br /> -_ �� "''" ��-�'"`;���� such case Borrower shaU pay to Lender the amount necessary to meke up ihe deficiency. sarrower shall make up�he
<br /> ���'.�;'�° . deficiency in no more then twelve monthly puymenls,at Lender s sole discretion.
<br /> :�' '''" Upon puyment in full of all sums secured by this Security Instrument. l.ender shell promptly refund to Borrower ony
<br /> -==� � � � � � Funds held by Lender. If.under paragrnph 21,Lender shull ncquire or sell the Property.Lender,prior to�he ucquisi�ion or
<br /> - � ���, • sale of the Property, she11 aPP�Y�Y�nds held by Lender at the time of ucquisition or sale as a credit ugainst the sums
<br /> secu�ed by[his Securiry Insvument. —'° -
<br />-° �r+,�ti_ � ._u�:..'� 3. ApplEc9tbn ot Paymenls. Unless applicnble law provides otherwise, all pnyments received by l.ender under
<br /> `--n�• .'.�,� ° paragraphs 1 and 2 shall be Applied: first,to any prepayment chArges due under the Note;second,to amounis peyable under
<br />�:• .. . ' paragraph 2:third,to interest due;fourth,to princ�pal due;nnd lau,to eny late charges due under the Nae.
<br />'-��: � * 4. CBorges; Lkns. Bomower shall pay ull taxes. ossessmen4g, chsuges, �nes and impositions attributabie to the �
<br /> _ . ,� Property which may attain priority over this Secu�ity Instrument,and leasehold payments or ground rents.if any. Borcc�wer
<br /> '—+4�►`*" shall pay these obligations in t he munner provi de d i n p a r u g r u ph 2.or if na paid in that mnnner,Borrower shall pay them on
<br /> ���' � , :^:>r° • �;7�}' - dme djrectly to the person owed payment. Borrower shull promptly fumish eo Lender all nolices of amounts to be paid under �-
<br /> - ,� •> Q+s�, • Ihis paragrnp h. I f Borrower makes�hese pu yments directl y,Bortower shall promptly fumish to Lender receipts evidencing
<br />.„ '`�:� the payments.
<br /> • - • � • i Borrower shall promptly dischsugc uny lien which has priority over this Securiry Ins�rument unless Borrower:(a)agrecs
<br /> � '• • •A� ; in writing to the payment of the obligation secured by the lien in u manner acceptable to Lender,(b)caxests in good fnith the
<br />- � ��;.�P:_?' ' _ ; lien by,or defends ngainst enforcement of the lien in,lcgal proccedings which in the Lender's opinion opernte to prevent the
<br /> r� � enforcement of the lien;or(c)securcs from the holder of the lien on ng�eement sutisfactary to Lender subordinating the lien
<br /> I to this Secudry Inslrument. If Lender determines that uny part of the Property�s subjecl to a lien which muy attain priority �_
<br /> ' �°"� �• over this Securlty Instrument,L.ender may give Borrower a notice identifying Ihe lien. Borrower shall satisfy the lien or take _
<br /> � '�" `"'�• one or more of the uctians set Forth above within 10 days of the giving of noticc. _ �
<br /> ' ' - • S. Haz�rd or Property Inssrance. Bo�rower shall keep the improvements now existing or heres�8er erected on the
<br /> ', ' ,�, � � ° Property insured agAinst loss by fire,hazurds included within the term"eatended coveruge"nnd any o�her hazards,including
<br /> � �� .� , floods or flooding, for which Lender requires insurunce. This insurancc sh•rll be maintained in the amounts and for the
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