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<br /> TOCiEI'HER WITH all the improvcmenta now os her+eafter erected on�he property,nnd all ear�emcnts,appurtenonccs, i
<br /> _ _ �nd flatunx now or henafter a pert of the praperty. All mplacemenls Aod additiona sh�ll Wro be cove�ed by thls 3ecurity
<br /> _ - In�trument. All of tho foregoing is rofemed to in thia Securlry Inatrument ns the"Property."
<br /> -" BORROWER COVENAlVTS that Borrower Is lawfully seiccd of'the estate hereby conveyed and lias the rlght to grant
<br /> �z�;�� and convey Ihe Property and Ihat Ihe I�petty Is unencumbered,except for encumbrances of record. Bcxrower warcanla s�ad
<br /> � _ wfll defend generally tho Uqe to 1he Property ag�lnct�II claims and demands,subJect�o any encumbrencea of record.
<br /> :��� .9.,.: TFAS SECURITY INSTRUMENT cambinea unifarm covenants fbr nationnl use nnd non-unifoim covenants with �_
<br /> � I I limlced vaziutlone by juricdiclbn to con�tltute a unifortn secudty instrument covedn�reAl propeny.
<br /> UPIIFORM COVENANTS. Borcower and Lender covenant and agrce as follawa:
<br /> ��"°`—""�'� 1. P�yment of E'�Inclp�l�nd Interesti Pre
<br /> pwy�aent and L4te Cb�ea BoROwer shall promptly pny when due the
<br /> princi�al of end interest on the ciebt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> "�'''�`'°"'"'"m"`N�� 2. Finnds for 71�xes Aad IasurAnce. Subject to applicablc law or to n written waiver by l.ender,Borrower shall puy to
<br /> ���� Lender on the dey monthly payments urc duc under the Note,undl the Note fs paid in full.a sum("Flmds")for:(a)yearly
<br /> �._ � = taaes and essessments which mAy attAin priority over this Security Instrument as a lien on thc Property;(b)yeurly leasehold �
<br /> _• _'���� payments or ground rents on the Property, if eny; (c) yearly hezard or property insurance premiums; (d) yearly flood
<br /> lasurance promiums,if ony; (e)yearly mongage insurw�ce premiums. if any; end (� any sums payable by 6orrower to
<br /> ��='�� I.ender,in accorclance wlth the provisions of paragraph 8.in lieu of the payment of mongage Insurance premiuma. These
<br /> ltems arc called"Escrow Items.' Lender mey.at any time.collect nnd hold Plmds in an amount not to exceed the maximum
<br /> ��--��5�� amount a lender for a federally related mortguge loan may require for Borrowerh escrow account under the federal Reul
<br /> _-—��=.::'n:,'�°°"' Estate Scnlement Procedures Act of 1974 us emended from Ume to tlme. 12 U.S.C.$2601 et seq.("RESPA"),unless a��uiher ----
<br /> law that applies to the Flmds sets a leaser amaunt. If so.Lender m�y.at s►ny time,collect and hold Punds In an amount noc to
<br /> - °' �°`�`"� exceed Q� lesser amount. I.ender muy esdmate the umount of Ftmds due on the basis of cu�rent data wid reasonable
<br /> _:.�;,,.,,,•_�_,..- � esNmetes of expenditures of futu�e Escrow Items or otherwise in accordance with upplicable law.
<br /> �'"�x"'t'"*�`�-'�'� � 77te FLnds shull be held in an institutlon whose deposits are insured by a federal agency, instrumentality,or entity
<br /> � (including Lender.if Lender fs such sin instltution)or in any Federal Home Loan Bunk. Lender shall apply 1he Funds to pAy
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<br /> __ "-° " the Escrow Items. Lender may not charge Horrower for holding and applying the Funds, annually anelyzing the escrow
<br /> _. ���x-='"�:.� account,or verifying the Escrow Items, unless L.ender a s B w —
<br /> ,;� p y orro cr interest on �he Plmds und applicable law permils --.
<br /> .. ,s�,•� �' -_ I.eader to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent reul
<br /> ,. '%••:x" ����' ' estate tax reporting service used by Lender in connection with this loan,unless epplicable law provides otherwise. Unless an ^
<br /> � ��y-r^'•:. .t ; ,, agreement ja made or applicaWe lew requires interest to be paid.Lender shall not be required to pay Borrower any interest or
<br /> � . i carnings on the Funds. Borrower and Lender may ogree in writing,however,that Interest shall be paid on the�Lnds. Lender
<br /> _-�=; �-�'��."`s{�'�"•� '� shall give to Borrower. without charge,an annuel accounting of the Funds.showing credits und debits to the Funds and the
<br /> -_. �,;.? z � purpose for which each debit to Ihe Funds was made. 71�e Funds are pledged as wdditional security far all suma secured by
<br /> _, �.� ,�,-�',;,,:.,"'a,;. ; tl�s Security Instrument.
<br />-. - - - �<�'��-�T � � 3� If the FWnds held by Lender exceed the emounts permitted to be held by applicable law. Lender shall account ta
<br /> '' i Horrower for the excess Funds in accotdance with the requiremems of applicable Inw. If the amount of the Funds held by
<br /> � c�`''•"�� �� Lender at an tlme is not sufficfent to a the Escrow ltems when due.I.ender mvy so notify Bortower in writing,and, in
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<br /> Y:;��. , � i such case Borrower shall pay[o Lendperihe amount necessary to make up the deficiency. Borrower shall make up the
<br /> "� � deficiency in no more than twelve monthly payments,at Lender's sole discreUon.
<br /> :...,:,� . I Upon payment in full of all sums secured by Ihis Security Instrument,Lender shall promptly refund to Borrower any
<br /> • .: - " Funds held by Lender. If,under parugraph 21, Lender shall acquire or seil the Propeny,Lender, prior ro the acquisitian or
<br /> ��� � � :" I sale of the Property,�hall apply any Funds held by Lender at the time of acquisition or sale us a credit against Ihe sums
<br /> . ' ° xr„p, ' secured by this Securiry Instrumem.
<br /> � :'....,W-,,�..•.., ' � 3. Application ot Payments. Unless npplicuble law provides otherwise, all payments received by l.ender under ---
<br /> � :• � , , paragrapbs 1 and 2 shall be applied:frst,to nny prepayment churges due under the Note;second,to amounts payable under
<br /> � � ��a.V.:""' � . � paragraph 2;third,to interest due;founh,to principnl due;und last,to nny late chcuges due under the Note.
<br /> �.�,,. � . � " „ 4. C6orges; Liena Borrower shall pay all tuxes, u.4sessments, churges, fines and imposltfons attributable to the
<br /> • 4,�1�.
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<br /> e.,, :�'� � I Property which may attain priority over this Security Instrument,and leasehold puyments or ground rents,if any. Horrower
<br /> =�:.• � � :-= shall pay these oblig�tions in the manner provided in pnragraph 2,or jf not paid in that manner,Borrower shall pay Ihem on ��`�
<br /> �i►�- , .,,�. : �� � dme dir+ecdy to ihe person owed payment. Borrower tihull promptly fumish to Lender all notices of amounts to be paid under
<br /> � �:;bau• ° �i I this paragraph. If Borrower makes these payments directly,Borrower shall promptly furnish to Lender receipts evidencing --�--_-
<br /> , the payments.
<br /> , . ��• ` ,•,., � Borrower shuil prornpNy dischnrge any lien which has priority over this Security Insirument unless Borrower. (a)agrees
<br /> • in writing to the payment of the obligation secured by the lien in u mnnner ucceptAble to Lender,(b)cantesls in good fafth tFee
<br /> -.,w. ' i Uen by,or defends ugainst enforcement of the lien in,legal praceedings which in the Lender's opinion opernte to prevent the
<br /> •:�``.`� �. .: enforcement of the lien; or(c)securcs from the holder of Ihe lien an ngreement sutisfnctory to Lender subordinating the lien ----
<br /> � • ' I to this Security 3nswmen� If Lender determines that any purt of the Property is subject to a lien which muy attain priarity a,•�--_,
<br /> ;,,� , , . ' over this Secur�ty inshument.Lendcr may give Borrower u notice identifying the lien. Borrower shall sAtisfy the licn or teke �"`-�
<br /> , � ;'"•I one or more of the uctiuns set forth above within 10 days of the giving of nol�ce.
<br /> � � . I,� �. 5. Hazard or Property Insurance. Borrower shall kecp the improvements now existing or herea(ter erected on the =--
<br /> Property insured agninst loss by fire,hnznrds included within the tertn "extended coveruge"nnd nny other huzurds.including �'�^�°
<br /> � �'�;• , floods or flooding. for whictt Lender requires insurunce. This insurance shull be maintnined in the amounts and for the ��
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