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<br /> TOUETHEIt WITH ull U�c improvcmenta now on c�reafter erccted on thc proper�un�ll cuscment�.appunenancew.
<br /> and fixtures�ow ot hereAfter a patt of the praperty. All rcplacements and additiana�hall AIAO be covered by thix Securiry
<br /> ' ��;,:;'��`.�� In�wment. All of the foregoing is referred to in this Secu�fty Inauument as the"Property."
<br /> A N � � � BORROWBR COVENANTS tlwt Borrower is lawfully seised of the estutc hemhy conveyed and hus thc right t�grant
<br /> - � �;Y_,°�" nnd convoy the Propetty and thAt the Property is unencumbered,except for encumbraaces of record. Barower wurrents and
<br /> ,�`'� will defend generally the title w the Property against all cl�ims and demunds,cubject to any encumbrAnces ot recurd.
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<br /> .� �F� � ^� � ,A, THI5 SECURITY IN5TRUMENT combines unifortn covenumx fur natiunal u�c unJ nun-uniform covcnunts wilh -- -�--
<br /> .•+� � limited veriationa by jurisdiction to constitute A uniform security instrument coverfng real propeny.
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<br /> ;�,�_. �._ UNIFORM COVENANTS. Borrower and Lender cavenent and agree as follaws: -
<br /> ��:,..,.1. � 1. Payment of PrincipW and latereat=Prepayment and l.qte Chnraes. Borrower shall promptly pay when due�he
<br /> �� ,. `.i;a. principal of arid interest on the debt evidenced by the Note and any prepayment and late eharges due under the Nute.
<br /> M �-. � � ��' •• � Z. Hlundafor7h�ces and Insurance. Subject to Applicable law or to a written waiver by Lender.Borrower shnll pay to
<br /> _ �r-�c�`Y�"' " '��� Lender on the day monthly payments are dua under thc Note,untii the Note is pnid in full.u sum("Funds")for.(a)yearly
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<br /> "s„e.,�r•-W.� �� �� taxes and assessments which may attain priority over this Security Instrument as u Ilen an the Piroperty;(b)yearly leusehold
<br /> —� � puyments or gmand rents on the Property, if any; (c) yearly hazurd or property insurnnce premiums; (d) yearly flood
<br /> _ '`t - �' insurance premiums,if eny; (e) ycarly mortguge insurance premiums,if any: and(�uny sums payable by Borrower to
<br /> Lender,in nccordance with the provisions of purngraph 8,in lieu of the payment of mortgage insurance premiums. These
<br />� '�• •� �"�' ` items aze called"Escrow Itema." Lender may,at any time,collect and hold Funds in an amount not to exceed tl�e maximum
<br /> — •°rF� amount a lender for a federally reluted mongage loan may requine for BoROwerh escrow account under the federal Rcal
<br /> � �' �'� �.� : Estate Settlement Pivicedures Act of 1974 as amended from ume to time,t 2 U.S.C.$2601 cr seq.C'RESPA"),unless anaher
<br /> ;`� :�----� ' � -� = luw that uppNes to the Funds sets A lesser amount. If so,Lender may.at any time,cdlect nnd hold Funds in nn flmnunt not to � __
<br /> �_'�• '� �� exceed the lesser nmount. l.ender may estimate the amount of Funds due on the basis of current data and reasonable
<br /> - ' �. I ` � esUmates of expendltures of future Eacrow Items or otherwise in accordance with applicoble law.
<br /> •-_ `� �4 � . ,. The Flrnds shell be held in an instiwtion whose deposits Are insured by a federai ngency, instrumentulity, or entity �
<br /> .�; �,;,�}.,;�.: ,.. � (includiog Lender.if Lender is such an institution)or in any Federal Home Loan Bunk. Lender shall apply the Funds to pay
<br /> _ the Escrow Items. Lender may not churge Borrower for holding nnd upplying the Funds. Annually analyzing the escrow
<br /> "=.� x._� _ � account,or verifyfng the Escrow Items, unles�s I.ender pays Borrower interest on tha FunJs and applicable luw permits —.
<br /> -� �'t}P: Lender to make such a charge. However,Lender muy require Sorcuwer Eu puy u one-tinie chargc for nn independent ress! -__ _
<br /> �t; •� � � estute tax repotting service used by Lender in connection with this loan.unlesx applicnble law provides otherwise. Unless an
<br /> - - agmement ic mad�or applicable law requires interest to be paid,Lender shnll not be�equired to puy Borrower any interest or
<br /> - • eamings on the Funds. Borrower and Lendar may agree in writing,however,that interest shall be paid on thc Funds. Lcnder
<br /> � � � shall give to Borcower, without charge,an annual accounting of the Funds.ahowing credits and debits to the Funds and the
<br /> ___:;,�, , ,.,,_ : .�,",' purpose for which exh debit to the Funds was made. The Funds are pledged as additional securlty for all sums xecured by
<br /> — , this Security Insuumen[. °� "
<br /> ti, ' „ If the Funds held by Lender exceed the s�moun4s penniued ta be held by applkable law, Lender shall uccount to �_ ___
<br /> - • Borrower for the excess Funds in necordunce with the requirements of applicable Inw. If the amount of the Funds held by
<br /> ��```_ � � � Lender at any time is nat suificient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and, in
<br /> '�` •, such case Borrower shall pay to Lender the nmount necessary to make up the deficiency. Borrower shnll make up the
<br /> �" '°� " • deficiency in no more than twelve monthly payments,at Lender e sole discretion.
<br /> �" • ' Upon payment in full of all sums secured by this Securiry Instrument,Lcnder shnll promptly refund to Borrower any ;�
<br /> ' Funds held by Lender. If,under parugraph 21,Lender shall ucyuire or sell Ihe Property,Lender,prior to the ncquisition or
<br /> - . � ., sale of the Proptrty,shall apply any Funds held by Lender at the time of acyuisition or sule us u credit Against the sums �--- ..
<br /> ,. � •�- secured by this Security Inswment. ��`"�"
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<br /> 3. Applkwtton ot PAyments. Unless upplicublc luw provides otherwisc, all pnymems received by Lender under ,
<br />;": ��;;.,., , � --''��-� parogmphs I nnd 2 shall be npplied: fint.to any prepayment churges due under thc Note;second,to amounts payable under __
<br /> ' paragraph 2;third.to interesl due;founh,to principnl due;end lust,to nny late chorges due under the Note. —___
<br /> ;,,� _ 4. Chs�rges;Liena. Borro�vcr shull pay ull taxes, assessments,charges, Gnes and impasitions uttribuwble to the -�--
<br />� , Property which may attain priority over this Sccurity Instrument,und Icaschold puyments or ground rents,if any. Borrowcr -- =
<br /> �• r,�•, shall pay these obligations in the manner provided in paragraph 2,or if not paid in ihat munner,Borrowcr shall pay them on
<br /> , � � time directly to the person owed puyment. Borrower shull prompUy fumish to Lender all noticcs of amounts to be paid under
<br /> ��� „ , • • this paragraph. If Borrower makes these paymems directly, Borrower shull promptly tumish to l.ender receipts evidencing �='°''"`
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<br /> .. ' the paymems. � ��
<br /> Bortower shall promptly dischnrge Any lien which has priority over Ihis Securiry Instrument unless Borrower:(a)agrees -_
<br /> in writing to the payment of�he obligution secured by the lien in a m�nner ucceptuble to Lender,(b)contests in good faith the =_ -
<br /> '� _ lien by,or defends against enforcement of the lien in.IcgAI pracedings which in the Lender's opinion opernte to prevent the =_
<br /> "-_� � • . enforcement of�he lien:or(c)secures from the holder of the lien an ngreement sutisfuctory to Lender subordinutins the lien '4�=�U-..
<br /> y��� to this Security Instrument. If Lender determines thut any prn of the Propcny is subject to a licn which may attnin prioriry
<br /> .�• ' ' - over this Securiry Instrument,Lender may give Borrower u notice identifying the lien. Borrower shall satisfy the lien or toke ��--'P
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<br />-- • one or more of�he action�sel forth above within 10 dnys of the giving af notice. ..;�<,,:
<br /> �" ' , 5. Hazard or Properly Insurance. Borrowcr shall keep the improvcments now existing or here•rftcr emcted on thc _
<br /> _ " " Property insured ugainst loss by fire,hozurds includcJ within the�crtn"cxtended covcr•rgr"and any other huxurds,including
<br /> .�` ' �• . „ floods or flooding,for which Lender reyuire� in�urun�e. This inauruix:c shall be muintuined in the amounts and for the
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