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<br /> 7'OOETHBR WITH all the improvements now or hercafler erccted on the property,and all cwxementa,nppurtenoncea,
<br /> �' end fixtun�now or heneafter a pert of the property. All roplacemeMs and wddNionR sh�ll nlco bo covered by thir Security
<br /> � in�uvment. All of tha furegoing is rci'erred ro in thi�Secu�ity Instn+meM aa 1he"P►operty."
<br /> -� i j .,, , -- BORROWBR COV�NAIV7'S thut Bo�rower is luwfully seised of the estatc hereby convcyed and hn.a the r�ght to gsncit -
<br /> � •� and convey the Property and thet the Property Is unencumbered.axcept for encumbranccs of record, Borrawcr wam�nta und
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<br /> '� will defend generally 1ho titb to the Property ageinst all cluimc and demends,su6Ject to uny encumbrancea of ra:ord.
<br /> TH1S SECURII'Y INSTRUMENT cambines uniform covenenta for national use and non•uniform covenan�r with
<br /> � ., Nmited varlaUons by judsdiction w constitute a uniform secu�iry instrument covedng real propeny. `
<br /> UNiFORM COVBNANTS. Horrower und Lender covenant and agree as folbwa:
<br /> - -;;,,, 1. Payment of PrinclpAl And Interest;PrepAymeat and LAte Char�es. Bortawer shull prompdy pay when due thc
<br /> princi of and interest on the debt cvidenced by the Note and nny prepayment and lote charges duc under the Note.
<br /> � � � F�ads tar'lyuces and In�urance. Subject to applicable law or to a wr�tten wuiver by I.ender.Horrower shall pay to
<br /> � ''� ,,. �,�,,�_ I.ender on the day monthly payments are due under the Note,umil the Note is paid in full,a sum("FSmds")far:(a)yearly
<br /> _ �;•���L tettes end assessments whir_h may attain pdority over this Security Instrument as a lien an�he Pa►perty;(b)ycarly leacchoid _ _
<br /> �� �� paymenta o�ground rents on Ihe H+aperty. :f any; (c) yeruly hazard or property inaurance premiums; (d) yearly fload
<br /> ____,:�,���•� insurnnce premiuma. if any; (e) yearly mon�age insurance premiums,if�ny: and(� uny sums payoble by Borrower to
<br /> — Lender,in accordance with the provisiona of paragraph 8,in lieu of the payment of mortgoge insurance premiums. These
<br /> ��1�°j%J�"' '�;� ' items arc called"Escrow Ttems." L.ender may,nt any tlme,collect and hold Funds in an amount not to exceed the maximum
<br /> ���'�"�' amount a lender for a feder�lly related mortgage loan may requlr+e for Borrower's escrow account under the federnl Renl
<br /> — � ' `" �'' �" d��''-:' Estate Settlement Procedures Act of 1974 as umended Gom time to lime,l2 U.S.C.§2601 er seq.("RESPA"),unless nnother
<br /> ��.!'�`,,r;, .� *�q �, law thnt a 8es to the Punda sets a lesscr amount. if sa,Lender ma .ut nn tfine,collect and hold Funds in an nmaunt not to
<br /> =u:�-;r. �` �" •' "•.`�? y""' exceed Ihepiasxer umoum. Lender muy eatimate Qie uniounl uf Funds due un the bnsia of cuRent data and reasonable - �
<br /> � .: � ..,.. � estimates of eapenditures of future Fscrow Items or otherwise in accordence with applicable law. =
<br /> - ;-:• � �.tt.:;_� The Funds shall be held in an institutiun whose deposits are insured by a federal agency. inslrumen�allry,or entity _._
<br /> (including Lender,if L.ender is snch an ins�itution)or in any Federal Home Loan Bank. Lencier shall apply Ihe Funds io pay ��=
<br /> ,. � ., the Escrow Items. Lender may not charge Borrower for holding end applyfng the Punds, annually analyzing ihe escrow �'=
<br /> �• . �� account, ar vedfying the Escrow Items, unless I.ender pays Borrower interest on the Funds and applicable law permi�s
<br /> ' ' � s' � Lender to make such a charge. However,Lender may require BoROwer to pay a one-time chnrge tor un independent real ---
<br /> ; �„, ; . � estate tax reporting service used by Lender in connection wlth this loan,unless appljcuble luw provldes atherwise. Unless s�n
<br /> .�,,;, " agreement fs m4de ar applicable Iaw requires intcrest to be paid.Lender shall not be required to pay Borrower any interest or ���
<br /> •• , • eamings on the Punds. 8orrower and l.ender may agrec in wdting,howcver,lhat interest shall bc paid on the Funds. Lender �=`
<br /> _ t 'fip.���.�.�:%�:•+- �` shall give to Borrower,without charge,an annuul accounling of the Funds,showing credits and debits to the Funds and the i;,
<br /> . � -.'��. �. : purpose for which each debit to the Funds was made. Thc Funds s►re pledged as additional security for ull sums secured by �--�•
<br /> _,:r.,�.,.; " �,�. thie Security Insuument.
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<br /> - � � If the PYmds held by Lender eaceed the amounts permitted w be held by applicable law. Lender shall account to —
<br /> . ^ � Borrower for the excess Funds in accordance with the requirements of applicable law. If tha nmount of the Funds held by �;;_";
<br /> � Lender at any time is not sufficicnt tu pay�he Escraw ltems when due.Lender may so nolify Bortower in wr�ting,and, in -
<br />: " � '�'��' such cuse Bo�rower shall pay to Lender the nmount necessary to make up the deficiency. Borrower shall make up the _ � �
<br /> ° ;� a,: •., , de�ciency in no more than twelve monthly paymants,at Lender's sole discretion. �*-
<br />� �"` Upon payment in full of all sums secured by this Security Tnstrument,Lender shull promptly refund to Borrower any B -
<br /> •7°• � �;, ra, f�nds held by Lender. If.under pnragraph 21,Lender shall acquire or sell the Propeny,Lender.prior to the acquisition or �- �
<br /> :��;.������ sale of the Property, shall apply any FLnds held by Lender at the time of acqulsition or sale as a credit against the sums �-�,,.,
<br /> � .... ., secared by th9s Security Insuument. i4a'>�
<br /> !, .: L'� '�"$�'�'� 3. ApplicAtion ot Paymenfs. Unless applicublc luw provides otherwise, all payments received by Lender under
<br /> '" '.� b ara ra s 1 and 2 shull be a lied:first,lo an re a ment chur eK due under the Note;second,to amuunts a able under � '�'
<br /> "�s ' �" P B Ph pp Y P p Y B • p Y
<br /> �, � "`� .�.� parugraph 2;third,ro interest due;fourth,to principal dur,and last,to nny Inte ci�arges due under the Note.
<br /> ;'�:," . - �' 4. Ch�r�es; Llens. Borrower shall puy all taxes, ussessments,churges, �nes ond impositions attributable to the �~�
<br /> Pro which ma attain dorit over this Securit Instrument.and leasehold u ments or round rents,if an Borrower �`"
<br /> / ;". PenY Y P Y Y P Y S Y• ���.�
<br /> • ���.� , � shatl pay these obligations in thc mnnner provided in paragrnph 2,or if not paid in the�manner,Bonnwer shall pay them on --.-
<br /> • . ;",.•'� time direcdy ro the person owed payment. liorrower shall prompQy fmiilsh tu Lender all nutices of omounts to be paid wider
<br /> . , . • x��, this pa�agraph. If Barrower makes Ihese pnyments direclly,Borrower�hall promptly furnish ro Lender receipts evidencing �''--_
<br /> .. the pnyments. - °-.`
<br /> . � . Borrawer xhall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)ugrecs —
<br /> ` • �'��•- � , . in writing to the payment of the obligation secured by thc lien in s�manncr acceptable to Lender,(b)contests in goad fai�h the
<br /> �' ' lien by,or defends against enforeemcnt of Ihc lien in,lcgul praredings which in the Lendcr's opinion operutc to prevent the
<br /> � •���' � ' enfurcement of tNe lien;or(c)secures from the holder oF�he lien un ngreement sutisfnctory to Lender subordinuting the lien -
<br /> _ �RS,.�; ,� to this Security Inslrument. If Lender detertnines that any pAn of the Propcny is subject to u lien which may attain priority
<br /> ovcr this Security Instrumenl,Lender mny give Borrower a notice identifying the lien. Borcower shall satisfy the lien or take _ _ -
<br /> „ � a+�„ii,�';,� • one or more of the nctions set fonh abovc within 10 days af Ihc giving of notice. �"
<br /> „ 5. Haznrd or Praperty Insurance. Borrowcr shall kccp the improvements now existing or hercufter crccted on thc �
<br /> • . Propr:rty insured against loss by fire,haznrds included wilhin thr tem� "extended coverugc"and any other hazurds,including
<br /> . ., tloods or flooding, for which Lender requires insumnce. 7'his insurunce shnll be mnintuined in �he amounts und for the �s,<<,
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