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<br /> - TppETypJt WITH All the impravement�now or hemafter crected on tho pruperty.und ell easemcntx,appurtenu�cc�,
<br /> -- u�d 8xlura now or hercAfter w part of the property. All rcplacements and wdditions uhall alro be covm�d by this Sauri�y
<br /> In�trument. All oPthe foregoln�is reierred to in this Saurily Inswment�the"Property."
<br /> � BORROWER COVENANTS that Borrowcr ia lawfully scisecl af the es�eto hereby conveyed and hes thc riBh� �a gr+�t
<br /> _— � t�nd convey the Propeny and that the Property is uneruumbercd,except for encumbrance�of record. Borrower warraiu� md
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<br /> ' will defend genenlly the titlo to the PropeKy aBainrt all e181mr and demands,rubject to any encumbrnnces aP record•
<br /> � - -�� - i THIS SLCUItITY INSTRUMENT combines uniform covenants fcx national uge and non-uniform covenanu wl�h
<br /> - � limited variadons by judsdiction to cunsdtute a uniPorm recurity instrument covedng rcal propeny. �
<br /> �---�—_�^--�—� UNIFORM COVSNANI'S. Borrower and l.ender covens►nt and agrce as followe: � P y p y
<br /> - ! 1. Prnymeat ot Prindp�l aad Intereati�'�P+�1�p�and Late Ch�ea. Borrower shall om d u when due ihe —
<br /> ,, � princi�of And interest on the debt evidenced by the Note and ony prepAyment and late chargea due under the Nae.
<br /> Fbads tor 71�xes and InsurAnce. Subject to applicabl�law or to a wrilten waiver by L.ender,Horrower shall p�y lo
<br /> �� *�a Lender on the day monthly payments ure duc under Ihe Nae. ur�til the Nnte ia paid in full,a sum("Funds")for.(a)yearly
<br /> ��.eu:��� taxes end assessments which may atlalst pr�ority over Ihis Secudty Instrument aa a lien on the Property;(b)yearly leuehdd �_
<br /> �,�,�, . payments or gmund rents on the Property, it' any; (c) yearly hazard or property insurance premiums: (d) yearly tlaod
<br /> ,�,�,.��,,. _ insursmce premiuma. if any; (e) yearly mortgagc insurancc premiums,if ony; pnd(� any sums payable by Borrowerto
<br /> I,ender,ln accordance with the provisions of poragraph 8,in lieu of tha payment of mortgage insurance prem�ums. These
<br /> �+^��,..==I�_ Items are called"Escrow Items." Lender may.at any time,collect nnd bold Punds in an amount not to exceed the mnxirnum
<br /> �� ;�. amount a lender for a federally reloted mortgage loan muy require for Borrower�s escrow account under 1he federal Iteal
<br /> '�`",�.-'.t.;.,� v g�state Senlement Procedures Act of 1974 as emended from time to time,l2 U.S.C. §2601 et seq.("RESPA"),unless another
<br /> --"'�"'� ` -'� law that applics to the E'unds sets a lesser amount. If so,Lender may.at any time,collect end hold Funds in an amount not lo
<br /> �k4''"'''"''"}�' � eaceed the lesser amount. Lender may estimate the cimount of Funds due on the busis of current dau�anJ r�usonaMe ° -
<br /> - �`Y-'���`=�� estimAtes of expenditures of future Fxcrow Itema or oiherwise in accordunce with applicable law. —•�
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<br /> =� ' � The F1mds shall be hcld in an institudon whose deposits arc insured by o feders�l agency. insdvmentality, or�n�ily
<br /> �'��'°'`�'' �''� (includinE Lender,if Lender ia such an insdmtion)or in any Federal Home Loun Bank. I.endcr sh�ll apply the Funds to pay _ _
<br /> ��"�'=�`°s,''•:'''�•''' the Escrow Itema. l.ender may not charge Borrower for holding nnd applying the Funds,annually analyzing the escrow
<br /> — "'` ' ���� �1 axount. or verifying the Pscrow Items, unless l.ender pays Borrower interest on the Funds and applicable luw permits �
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<br /> ��y,°�••• • l.ender to make such a charge. However.Lender mey require Borrawer to pay u one-time charge fo�an independent real 6 _
<br /> ��i : , ,�,;,:v,,,r r;� estate tax rcponing service nsed by Lender in connecdon with this lonn,unless applicable Inw provides otherwise. Unless on __
<br /> .K.`�rr�;�•�;•� � agreement is mude or wpplicable law requires interest to be paid,Lender shall not be required to pay Borrower any intenestor
<br /> —�'�"1'�"���=�- eaminga on the FLnds. Borrower and I.ender may agree in writing,however,that interest shall be paid on the Funds. Lender
<br /> � �.�, shell give to Bormwer,without charge,an annual acrnunting of the Funds,ahowing credits and debits to the Funds and�he _
<br /> purpose for which each debit to the Funds was made, 'I'he Flinds are pledged as additional securlty for all sums secuned by
<br /> --_--::�_ .. _- . � tlus Security inswment. _--
<br /> lf the Funds held by Lender eaceed Ihe amounts permiped to be held by applicuble law, Lender shull ucrnunt to _—
<br /> � 8orrower tor the excess FWnds in accordance wllh the requirements of npplicnble law. If the amount of the Funds held by = _
<br /> �"'�_- Lender at any time is not sufficient to puy the Escrow Items when due,Lender may so aaify Borrower in writing,and,in �-��_
<br /> • �' sach case Borrower shell pay to I.ender the umount necessury to mnke up the deficiency. Borrower shall ms+ke up�he
<br /> __ ���• :� " '`'"` det3ciency in no more ihan twelve monthly payments,ut Lender s sole discretion.
<br /> -_ .e , " " Upon pAyment in full of all sums secured by thfs Security Instrument,Lender shall prompUy refund to Borrower any _ _
<br /> . ,, , . i,, FLnds hetd by Lender. If,under peragraph 21.Lender shall acquira or sell the Property,Lznder,pnor to the acyuiskion or F,.
<br /> N `:' �.' sale of the Property,shall apply siny Funds held by Lender al the time of acquisition or sale as a credit against the sums
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<br /> -��'.�..�.._ ., _ secured b this Security Instrument. der under
<br /> — �.,,,�,,,�:: ' �.'k�� 3. Applkation of Payments. Unless upplicable low provides otherwise, all payments received by I.en -._
<br /> -`�� '�'��;a:... ..,,.- '�±�. parugmphs 1 and 2 shall6e applied:first,to uny prepayment chcuges due under the Note;second,to amounts payable under
<br />-,,. �'_, ,,. paragraph 2;third,to interest due;fourth,to principal due;and lust,to uny late charges due under the Note.
<br /> u` � �` Y����s«..L� 4. Char�es; Liens. Borrower shsill puy ull�nxes, ussessments, chiuges, fines und imposi�ions attributabk to ihe
<br /> '� "_' Pro rt which ma uttain riorit over this Securit InstNment,und leasehold pAyments or ground rents, if uny. Borrower =
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<br /> — � shall pay lhese obligutions in the menner provided in parag�uph 2,or if not paid in that manner,Borrower shull pay them on __�
<br /> _ �`�'�!""± %, dme dlrectly to the person owed puyment. Borrower shall promptly fumish to Lender all notices of amounts to be pdd under
<br /> �� `'� ' , � ; this pzragrnph. If Borrower makes these pnyments dfrectly, Borrower shs►II promptly fumish to Lender receipts evfdencing __
<br /> ~ � ` the payments. __
<br />-�� `.�•^.. • u• Borrower shall promptly dischurge any lien which hac priority over this Security Instrument unless Borrower:(a)agrces
<br />—�ti� ..¢"�` in writing ro the payment of the obligation secured by the lien in p munner nccepnble tu Lender,(b)contests in good tsi th the -..
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<br /> �- ,,,,. ,•,,. ;°, � lien by.or defends against enforcement of Ihe lien in,legal proceedings which in the Lender's•opinion operate to prevenl�he E—�'
<br /> -"��' ` � enfarcement of the lien;or(c)secures from the holder af the lien nn ngreement sntisfuctory to Lender subordinating Ihe lien 6.�
<br /> f,^ ro this Secur�ty[nswment. If Lender determines that any pan of the Property is subjecl to a licn which mny attain priarity �'_�_
<br /> �.��� :� ver this Securlt Instrument.Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or uke ___
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<br /> �'�"`i; . • • one or more of the uctions set forth above within 10 days of the giving of nonce.
<br /> - - ' . S. Hazard or Property Insurance. Borrower shall kecp the improvements now exis�ing or herevfter crected on Ihe ���
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<br />:�: �, Properry insured aga[nst loss by�re,hazards included within the tertn"extended c�verage"and any other hnzards, including �
<br /> • � iloods or tlooding, for which Lender reyuires insumnce. This insurunce shall be muintained in the amounts and far ihe
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