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<br /> �� TO(3E1'FIER WITH ali Iho improvements now or hereAiter crected on Rhc property,and all cwsemenlK.appunenanccs,
<br /> :+�'. end fixturea now or herc,after o parc of the propeRy. All replacemcntt and AddUiona ahpll alao bo covcred by thia Sccurfty
<br /> - Inswment. All of the foregoing is tefertcd to in thie 3ecu�ity Instrument as thc"PiropertY•"
<br /> '' '"' BORROWER COV�NANTS that Borrower is lawfully seised of the estate hercby convcyed and has the rlght to grAnt
<br /> ' ` and convey theProperty and lhat �hc PropeRy Is unencumbered.except Por encumbranccs of�ecord. Bormwcr wurranta and
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<br /> `M „�M will defend general(y the tiUe W the Property agAinst all cioims and demonds,subject to any encumbrances af record. r
<br /> .�-„-- . THIS SECUR1TY INSTRUMENT comhines uniform covenants for nAtfonul use and non•uniform covenanix with
<br /> � �'''"� limitod variauons by jurisdiction to constitute a uniform rxcudty instrument covering real property.
<br /> ''T'�`''• ;':}°,��. UNIFORM COVENANTS. Borrower s�nd Lender covenent end agrec us fallows:
<br /> , � l. Paymenl oP Principwl smd laterest;Prepayment and LAte Chwr�e�. Bortower shall promptly pay whcn duo Ihe
<br /> � �'• ' priacipal af and interest on the debt evidenced by the Note and any prepayment and late cha�gea due under the Note.
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<br /> i�:�,� .� 2. Funds tor'I�ces and Insur�nce. Subject to applicable law or ta a wdtten waivcr by Lender,Borrower shsll pay to
<br /> =;�;,;:a:.,:.���.�,� Lender on the day monthly peyments ere due under the Note,until the Nate is paid in full.a sum("Fundc")for:(u)ycw'ly
<br /> �•�-:�__—- —_ cazl flood
<br /> .,,,.�._ taxes and assessments which may+utain prioriry over this Security Insdument as a lien on the PropenY:(b)yearly leascho
<br /> ���•r�•°'=i�' payments or ground rents on 1he Property. if any; (c) ycarly hazard or propeRy insurance premiums; (d) y y
<br /> �,, � ,_ ` nsurance premiums, if any: (e) yearly mortgage insurance pnemiums, if any; and(� w�Y sums payable by Borrower to
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<br /> �-°-i''�°�•*��;n... Lender,in accordance wfth the provisions of paragraph 8. in lieu of the payment oP modgage insurance premiums. These
<br /> �-�' � `�' �"� ' items are called"Escrow Iterns." I.ender may,at any time.callect and hold Funda in an amount not to exceed the maximum _
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<br /> r��,•• :.�.:- amount a lender for a federally related mortgage loan may require for Borrower a escrow account under the federal Rea
<br /> !" �'�"'�` �"" Estate Settlement Procedures Act of 1974 us amended from time to time, l2 U.S.C.�2601 et seq.("RP.SPA��),unless another
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<br /> -- —=:���.b:. ,.. ,,;� law that appliec m the F�unda sets a lesser amount. If so,Lender may.at any time.collect and hold Funds in an i►mount not to
<br /> �" � � exceed the lesser s►mount. Lender may estimate 1he amount of Funda due on ih� basis of current dat:t and reasonable _.
<br /> - , :,'r ` " � estimates of expenditures of future Escrow itema or otherwise in accordance with applicable law.
<br /> :.�, ' The Punds shall be held in an institution whose deposits are insured by a federal agency, instrumenielity,or entity
<br /> (including l.ender,if Lender is such an institution)or in any Federul Home Loun Bank. I.ender shall appiy the Funds to pay
<br /> ' ''� the Escrow Items, L.ender may not charge Borrower for holding and applying the Funds,a�nueliy analyzing the escrow
<br /> � " f '�' account, or verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permits
<br /> - ` � . "� "� Lender to make such u charge. Hawever, Lender may requir+e Borrower to pay a one-time charge for an independent real _
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<br /> estate tax reporting service used by Lender in connection with thia loan,unless applicable law provides othenvise. Unle,�w�
<br />� u ° � agreement is madc or applicaWe Isw requires interest to be paid,Lender shall not be required to pay Borrower any intcrest or
<br /> _ •�'"'''`� � earnings on the FLnds. Borrower nnd L.ender may agrec in writing,however,ttiet interest shall be paid on the Funds. Lender
<br /> ���,__ �; ,, ' �..•, " shall give to Botrower,without charge,an annual accounting of�he Funds,showing credits and debits to the Funds and the
<br /> "� '. ����'��%�`�_��^ pu�pose for which each debit to�he�nds was made. The Funds are pledged as additional securiry for ull sums secured by
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<br /> ° If ttie Flmds held by Lender exeeed the omounts permitted to be held by applicable law, Lender shaii accuu�it to
<br /> ':; .r ' � Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by
<br /> . �-,� ,,� Lender at any time is not sufficient to pay the Escrow ItemS when due,Lender may so notify Borrower in writing,and,in
<br /> �...,y; such case Borrower shall pay [o Lender the amount necessary to make up ihe deficiency. Bomower shall make up the
<br /> �,, • deficiency in no more than twelve monthly payments,nt Lender s sole discretion.
<br />� ��,. `;,�•�•••�••� Upon payment in full of all sums secured by this Security Instrument, Lender shnll promptly refund �o Borrower any
<br /> .._sj,�; „r�.,�,.,, Funds held by Lender. If, under puragraph 21, Lender shall acquire or seil the Properry.Lender,prior to the acquisition or
<br /> � . •• ��° sale of the Property,sha�� npP�Y anY Funds held by Lender al the time of acquisition or snle as a credit against the sums
<br /> ' secured by this Security Inswment.
<br /> ' 1j'" 3. Applieodon of Payments. Unless applicnble luw provides otherwise.all payments Rceived by [.ender under
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<br /> � .,,�,,.,., ,� •• arngraphs 1 nnd 2 shnll be applied:C�rst,to any prepayment charges duc under the Note;second,to amounts payable under
<br /> �.� . �° paragrnph 2;third.to interes�duc;fourth,to principal due:and lust,to any late churges due under the Note.
<br /> 4. CharQes; Liens. Borrower shull pay all taxes,asscssments,charges, fines and lmposidons anribuwble to thc
<br /> �` property which muy atlein priority over ihis Security Instrument,and IeASChold payments or ground rents,if uny. Borrower
<br /> .;�;,�;.. ., �, shall pay Ihese obligations in the manner provided in paragraph 2,or if not paid in thut manner,Borrower shall pny them on
<br /> � . th sepa g ph. If Barrower ms►kes hese puyments d hrecdy Borrower shall promptlyafumi h t Lender receipts evidenc ng
<br /> "�•,. the payments.
<br /> � Borrower shall promptly dischargc uny lien which has priority over thic Securiry In+trument unless Bormwer.(a)ngrees
<br /> ' ' in writing ro the payment of the obligation�ecured by Ihe lien in a manncr acceptable tu Lrndrr;(h)comest.in gond faith the
<br /> r• � ' �� lien by,or defends ag�inst enforcement of'the licn in,Icgul pnxceding,which in thc Lender's opinion operute to prevent the
<br /> � � ��� enforcement of the lien;or(c) secures from the holder of�he lien an ngreement�utisfactory to Lender subordinnting the lien
<br /> ` �t"i!4 �� � to this Securit Inswment. If Lender determinex thnt uny part of'the Property is subject to n lien which may atlain priority
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<br /> ��:::'. � over this Security Instrument,Lendcr muy give Borcower u noticc idcntifying the lien. Borrower shall satisfy the lien or e
<br /> s • one or more of the uctions set fanh above within 10 dnys of thc giving of notice.
<br /> S. Haznrd or Properly Insurance. Borrowcr xhull keep thc�mprovements now•existing or hereafter erected on the
<br /> " ,. . Prnperty insured against loss by fire,hoznrds includcd within the tertn"rxtrnded covcragc"nnd any ather huzards,including
<br /> a � floods or flooding, for which Lender reyuires insurance. This insurunce shull bc m•rintaincd in the umounts ond for the
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