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<br /> TOQE7'HBR WITH all the impmvements row or her+eafter ercctal on Ihe propeny,and all cascmcnl�. app��nenances,
<br /> - - u�d fixtures now or heneafter a p�t af 1ho prope�ty. All replaccnunts uul pddilions rlwll�loo bo covcn�d by ihia Suuriry
<br /> - - Insqumznt. All oP the forogoing ia referted to in�hls 3ecurity Inauvmcn!Qs tho"Property."
<br /> �* BORROWER COVENAMT5 that Bnrrower ia lawfully sciced of'1hc estatc h�:reby canvcycd and has tho dBhl to grant
<br /> �nd convcy the Property end that Ihe Property ia unencumbered,cacept far encambrances of record. Burrowcr warrants and
<br /> - will defend generally the titb to tha Property agnlnst all claims+u�d demonds,eubject�o any encumbrancea af record.
<br /> .`�,�:�,�� TIiIS SECURITY iNSTRUMENT combines unifaim covenants for national use and non•uniform covenants with �
<br />_ dmiled vaNadons by judsdictluo w eonctitute a unlform�ecurity insuument a►vering reaJ properly.
<br /> -- U NIFORM COVBNANTS. Barrower and Lender covenent and agree as followa:
<br /> 1. Payment of Prindpal�ad Iatere�t;Prepaymenl aad LAtr Char�ea. Bomower sboll promptly ps+y when duc the
<br /> princl of and interest on the debt evjdenced by thc Note and nny prepayment and IQte charges due under�he Note.
<br /> — ��qds tor 7bze$�ud Iasuranca SubJect ta applicable law or to a wrltten wAiver by Lender,Borrower shall pny to
<br /> ����' I.ender on the day manthly payments ore due under the Note,until the Note is pafd ln full,u Rum("hLnds")for:(a)yeurly
<br /> � - -- _;,,�,,,,,,�,� taxes and rueseswnentc which may wlain prio�ity over this Secudty Instrument as a flen on the Property; (b)yeuly leseehold _
<br /> — payments or ground rents on the Property. if eny; (c) yeurly hazard or property insurance premiums;(d)yeatly flood
<br /> � ,,.,,�,,.m,;,� (�surance pnmiums. if eny; (e)yearly mort�age insurance pr�:miums, if any: and (�any sums payable 6y Borrower to
<br /> ����-�^� Lender,in accoNance with the provisions uf parngraph 8,in lieu of the payment of mortgage insurance premiums. These
<br /> — items are callecl"Escrow lcems." Lender may,at any time,collect and hold PUnds in an amount not to exceed Ihe maaimum
<br /> --�-`��� amount a lender for a federally related mortgAge loau may requfre for Borrowerh escrow account under the feder�l Real __
<br /> """��"'����� Estate SettlementProcedures Act oi 1974 as omended from time ro time,l2 U.S.C.4 2601 er seq.("RESPA"),unless another
<br /> �:.�'„��:1� law that applies ro the Aund�sets a lesiser amount. !f su,Lender may,at any time.coliect and hold Funds in an unount not to
<br /> �� - _ _ _,�_2,;� excced �he lesser amount. Lendcr may csdmatc the pmount of Plrnda due on the besis of current datA and reanonable __._
<br /> _-=��:�i,�,;�;� eatimates of expenditurcs of future Escrow Items or othen"vlse in acwrdancc with applicable law.
<br /> �' ,�,,.:;�,-• The FLnds shell be held in en inatitudon whose deposits are insurcd by a feder�l agency,insirumentdity,or entity
<br /> :.=�= .s,� (insluding i.ender.if Lender is such an inAtitut�on)or in any Federal Home Loan Bank. Lender shnll apply the Funds to pay
<br /> -- �.�••y � the Escrow Items. L.ender may not charge Bovower for holding and applying the Funds, annually nnalyzing the escrow
<br /> ���`� account,or vediying the Escmw Items, unless Lender pays Borrower interest on the Funds and applicabk !aw permits
<br /> --`' `'��..:+.r;`` I.ender W make such a charpte. However.L.ender may require Borcower to pay a one•time charge for an tndependent real
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<br /> •� ` '`%'. `�' " estate tax� rtin service nsed b Lender in connection with this loan,unless a Ifcable law rovides otherwise. Unless an
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<br /> � , agreement is made or applicable lew requires interest to be paid,Lender ahall not bc required to pay Borrower u►y interest or
<br /> —'�:.�� ` '�=� ' earnings on the Funds. Borrower and l.ender may agree in writing,howaver,that interest shall be paid on the Funds. Lender 4_
<br /> •.r.,��;,..�ra•�.�' shall give to Bomnwer,without charge,an nnnual accounting of the�unds,showing credits and debils to�he FLnds and the
<br /> ��••�• �• ' purpose for which each deblt to the FLnds wae made. The Funds are pledged as additiawl securiry for all sums secured by
<br /> — �..,, , .. •
<br /> x�;,,,,L;�,,, this Security Inswment.
<br /> _ •�%�a�.�}�•�•:;�li-=, It"the PLnds held by l.enaer exceed �he amoun�s permined co be heid by appiicabic iaw, f.ender stull account ta _ -
<br /> � � Borrower for the eacess Funds in accordance with the requirements of upplicable law. If the amount of the F1�nds held by
<br /> . ,v `=� Lender ut any time is not suffjcient to pay the Escrow Items when due,l.ender mny so notify Borrower in wdt ing, and.in
<br /> i �' `°` °"- such case 8orrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> ;� ' • .. .. . deticiency in no more than twelve monlhly payments,at Lender's sole discretion.
<br /> .-�'�'--��"" Upon payment in full of all sums secured by this Security Instrument,Lender shall promptly refund to Borcower siny
<br /> ���' � Funds held by i.ender. if.under paragruph 21,Lender shall acquire or sell the Properry, Lender,prior to the acquisition or
<br /> �=� �.,., _,. .. ,,�,u sale of U�e Property.shall apply any FLnds held by L.ender at the time of acquisition or sale tis s credit ageinst�he sums -
<br />. ..� . . .:. ,.:;,. . �eecured by this Securiry Inswment.
<br /> .. ..�y,;:w�..a:,,i,�"' 3. Applieatlon of Pnyments. Unless applicable law provides otherwise, all payments received by Lender under �-.
<br /> �� paragraphs 1 end 2 shall be upplied:first.to s�y prepayment charges due under the Note: second,to amounts payable under
<br /> ;� ,.�:� .. paragraph 2;third,to interest due;fourth,to principal due;and last,to any late chazges due under the Note. _-
<br /> 4. ChArQes; Llens. Bonower shall pay all taxes, assessments, charges, Cnes and impositions attributeble to thc
<br /> �.•��� � Property which may attain prioriry over this Security Instrument,and leasehold payments or ground rcnts,if any. Sorrower
<br /> -=� :�•• �•� shall pay these obligations in the munner provided in purugraph 2,or if not paid in that manner.Botrower shall pay them on �'"'
<br /> --_ ��+?�,•� • � • tlmc di�ectly to the peraon owed payment. Borrower shall prompUy furnish to Lender all notices of amounts to be Qai d un der �__
<br /> -- '- this paragraph. If Bortower makes these payments directly,Borrower shall prompUy furnish to Lender receipts evidencing -_
<br /> =i.• '� " thepayments.
<br />.�`. � Barower shall prompdy discharge uny lien which has priority over this Securiry Instrument unless Borrower:(a)agrees -
<br /> - '� � in writing to�he payment of the obligation secured by the lien in u manner acceptable to Lender,(b)contes�s i n good faith the _
<br />.=.-�` ,,,��: ' ..�-"� - lien by.or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate�o prevent the
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<br /> - ��r.'�• • enforcement of the lien;or(c)secures from the holder of the lien�n ngreement sutisfuctory to Lender subordinating the lien
<br /> � to this Secudty Instrument. If Lender determines thnt uny part of the Property is subject to u lien which may att�in priority �__
<br /> ,.. over this Security Inswment,Lender muy give Borrower a notice identifying the lien. Borrower shctll satisfy�he lien or take ____
<br /> =-'�`�;"' ~ one or more of the actions set forth above within 10 days of the giving of notice. =�_
<br /> , . ,,. r � 5. Hazard or Property Insurance. Borrower shull kecp the improvementx now existing ar Nereafter erected on the 5..=
<br /> ' ,� Property insured against loss by fire, hazards included wilhin the tertn "extended coveruge"and any dher hazards,including
<br />--�' � ' tioods or flooding,for which Lender requires insurance. This insurance shall be muintained in the�nounls and for the -_
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