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<br /> ._f 7'G(3F7'H8R WITH all Ih�improvcmenlr now ur heROflcr erccled an Iho praperly,and all ear�cmems,oppurtcnuncea,
<br /> -- - Atsd t�ztu�:.:iiOW 8i{h;i�il�:i i1 jiNii Uf(=i�(itujic►ly. aI{IG�iIIiLCI11C11I�Ylll{YJII111lNIR i/�IYII DI1W IIC l'UYCfC1�by I�l1Y SCCYf1Iy � -
<br /> ` ,_.;;_,' . Inruumenl. All of Ihe foregaing is refermd�o in this 5ecudty InRtrumcnt ar�hc"Prapeny."
<br /> `" ``" '` BORRUW�R COVBNANTS iFwt Barrowcr la►lawfally Acic�d af�hc cstAte hemby ccmveyed und hus Ihe rfQM�u grant
<br /> '� wnd canvoy Ihe Propeny And Ihat the Properiy is unencumbercd.except for encumbrancea of recurd. Bortower wun�nt�r And
<br /> . wlll d�:fend gcncrally the tiUc�o tha Propeny c+gainx��11 claim�aod drmands,cubject to uny encumbrurices of record. L
<br /> " � THIS 3ECURITY INSTRUMENT combines uniform cavenants fnr na�ianal u�ce And non•uniform covenent: with
<br /> ° °�;� ,�. Ilmited wuiationa by judsdiction ta canslituk a uniform secudty instrument cove�i��g�eal propeny.
<br /> UNIFORM COVENANTS. Borrowcr and Lender covenent nnd agree as followx:
<br /> ,�-' KtM•�, . 1• PnYment of Principal and laterect;Prepayment and I.ate Cbo�es. Borcawer sholl�xomptly pAy when due the
<br /> - -�-;_a�a�;•,�:,���.;:� principAl af and interest on the debt evidencul by the Note nnd any prepuyment and late churges due under�he Note.
<br /> � Z. F�unds for'1ltzts pnd Insurance. Subject to appllcable law or to a wdlten wAivcr by I,ender,Borrower shall pay to
<br /> � '';�'�� � Lender on Ihe day momhly payments are due under the Note,untfl the Note is paid in full,a sum("Funds") for:(a)yearly
<br /> r taxes And�xsessments whtch muy attain pdo�ity over this Secu�ity lnstrument as u lien on the P�vpeny;(b)yearly leaschold
<br /> .�•��—����:._= payments or ground rents on the Propeny, if uny; (c) yearly hozord or propeny insurnnce prcmiums; (d)yearly flood
<br /> �iT;.,�.,Y�::•,.,-;;: inaurnnce premiums, if any; (e) yearly morlguge insurance premiums, lf any; nnd(� uny sums payable by Borrower lo
<br /> �;"•�� • "�' �• Lender,in acco�dence with the provisions of puragruph 8,io lieu of Ihe payment of mortgage iosurance premiums. These
<br /> ,�,�,�.�.,�.�...� �� items are ce0ed"F.scrow Items." Lender may.at ar�y time,collect and hold Funds in an amount nat to exceed the maximum
<br /> � ��;;.�:��' �-� amount a lender for a iederally reluted moriguge loon muy require for Borrower�escrow account under the federul Reul _
<br /> = Estatc Settlement Procedures Act uf 1974�sunended from time to time. 12 U.S.C.�26U1 cf seq.("RESPA"),unless unother
<br /> _�- �- • ' �: "-`�''`� luw that applies to lhc Funds sets a lesser amount. If so.L.ender may,at any timc,collect and hoid hlinds in an umount not to
<br /> ' ; " � :;�� _ exceed the lesser a�nount. L.ender msy estimate the amount uf Fundn due on the basic of current datn and reasonablc
<br /> •_ � ' • estimates of expenditures of future Escrow Items or otherwise in otccordunce with applicnble law.
<br /> ' A• � •� + The Flinda shall be held In an instituUon whose deposits are insured by a federal agency. instrumentality.or entity
<br /> �' 'd ' � (including[.ender,if Lender is such an ins�itution)or in any Federul Home Loun Bnnk. I.ender shali apply the Funds ro pay —
<br /> _'� , : ° . the Escrow Items. Lender may not charge Borrower fbr holding and applying the Funds,annually analyzing the escrow —
<br /> „ '". • account, or verifying Ihe Escrow ftems, unlesa Lender pnys Borrower interest on the Funds and applicable law permits
<br /> �• , , '•�" �� Lender w make such a cha�ge. However,Lender may require Borrower to pay a one-time chnrge for an independent real
<br /> � estate tax r�eporting service used by Lender in cannection with this loan,unless applicable law provides otherwise. Unless An
<br /> __ .;:u-a��-<�-�..�;�.::�� agrceme.m ic mede or applicable law requlres inrerest to be paid,l.ender sholl not bc mquircd to pny Borrowcr any interest or _ _
<br />- ; ,• camings on the�Lnds. Borrower and Lei�Jer may agree in writing,however,that inter�est shall be paid on the Funds. Lender
<br /> ' 't•'� ' shall ive to Borrower,wi�hout char e an unnual accountin of the Funds,showing credits and debits to the FLndc and�he
<br /> � �� .aGC�3F . �,. S S � �
<br /> -�r�' , -,. — - purpose tor which each debit to the FLnds was made. The Funds are pledged as additional security for ali sums�secured by �
<br /> ,. . „ this Security Insaument.
<br /> : � , If the Funds held by Lender exceed the amoums permitted to be held by applicable luw, Lender shall uccount to �`"' _
<br /> •� � ' Bomower for the excess F1mds in accordnnce wilh the rcquirements of applic�ble luw. If the nmount of the Funds held by _
<br /> � %ye; � Lender at any time is not sufficient to pay�he Escrow Items when due,Lender may so notify Borrower in writing,and,in
<br /> • '��. o • '. such cnse Horrower shall pay to Lender the umounl necessnry to mnke up the deficiency. Eorrower shull make up the
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<br /> .�,•�_: , , deficlency in no more than twelve monthly payments,nt Lender s sole discretion.
<br /> , �� e�'' Upon payment in full of nll sums secured by this Sccurity Instniment,Lender shnll promptly refund to Borrower any
<br /> . � � , Funds held by Lender. If,under paragmph 21,Lender shall ocquire or sell�he Property,Lender,prior to the Acquisition or _
<br /> _ „ ,,,,, sale of�he Property, shall apply any Funds held by Lender at thc time of acquisi�ion or sale as a credit against the sums —�---
<br /> secured by Ihis Secudty Inswment.
<br /> � , N • ' � 3. Appliealion of Payments. Unletis applicnbie luw provides otherwise, all puymems received by I.cnder under =
<br /> � ° .: peregraphs 1 and 2 shall be applied:first,ta uny prepuyment churges due under the Note;second,to umounts puygble under
<br /> pw'agruph 2;third,to interest due;fourth,to principal due:and Insl,to any lute chnrges due under the Note.
<br /> �?. ',c•:; � , 4. CharQes; Liens. Bormwcr shall pay nll �uxcc, nsccxsments, churges, �nes nnd Impositions atitibuuible to the �,_-
<br /> . • � Pnoperty which may attain prlarity ovcr this Security Instrument,und leasehold paymcnt�or ground rents,if uny. Borrowcr
<br /> ••;��,�, �'.� shull pay these obligutions in thc mnnner provided in parngruph 2,or if not paid in that manner,Borrower shull pay them on �
<br /> �.�;. ., ,��ti time direcqy to the person owed paymem. Borrower shall prompNy fumish�o Lender all notices of amounts to be paid under a"---
<br /> � ;.,� this parugruph. If Bornower makes these pnyments diiecdy, Borrower shall prompAy fumish to Lender receipts evfdencing =
<br /> .�.•� � the payments.
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