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<br /> - - 06462
<br /> TOf3E7'HER WiTH all tho improvcments now on c�rcattcr croctod on Ihe�roperty.and all easemenw,appurtenances,
<br /> - and fixturea now or hercufter a put of tho pmperty. All replacementR and additions shall also be covued by thh 5ecurity
<br /> lnateument. All oPthe foregofng le nefemed tu in thia Security Inswment os the"Propeny."
<br /> -- BURRUWER CUVPNAM'S that bo�rowcr is lawfuily sEiceU of the cstata herehy canveyed and has thc right tu grant `-`
<br /> �" and convey the Property und that the PropeAy is unenc�ambcred,except for encumbrances of record. Borrowcr warrantc�nd
<br /> � will dofend generally tho tltie to the Property aguinat all cl�ims and demunds,subJect to ony encumbrnnres uf rocord.
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<br /> ^ � ° � THIS SECURlTY INSTRUMENT combines un[farm covenants for nAtlonu! use And non•unifarm covepants witb � -
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<br /> limited variations by Judsdicdan to constitute A uniform security instrument covering mal property.
<br /> ��� . UNIFORM COVENAN7'S. Barrower and Lencler covenant and agree as follows:
<br /> ,����r,..,.� ,. 1. Pvyment o�Priacipal and laterest;Prepaqment and LAte CharQe�. Honawer shall prompUy puy when due the
<br /> - -.� � �� pdncipal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> , 2. Fbnda for 71�uces and Insuraace. Subject to applicable luw or to a wrinen waiver by Lender.Borrower shall pay to
<br /> ��.".: Lender on die day monthly payments are due under�he Note.until the Note is paid in full.a sum("PUnds")for:(a)yeariy
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<br /> - - _,-;,:.�" taues and assesaments which may attain prio�ity over Ihie Secur�ty Inanument es a lien on the Property;(b)yearly leasehoid --
<br /> �`��°-;?`,���"` payments or ground rents an the Property, if any; (c)yearly hazard or property insurance premiums; (d) yearly flood
<br /> �'' `'"? insurance pr�miums, if siny;(e) yesirly mortgage iosurance preiniums. if any; and (� any sums payable by Bamower to
<br /> ' �� "" ��`'"�:•' ' Lender,in accordance wlth the provisions of paragraph 8.in lieu of thepayment of mortgege insuranco premiums. These
<br /> � �'" " _� items are called"Escrow Items." Lender may,at sny time,collect and hold Funds in a�amount not to exceed the maximum
<br /> _ - ��. , amount a lender for a federally related moAgnge loam m�y require for Borrower�a escrow account under the federal Real
<br /> - � !�'����.' =� 8state Settlement.Procedures Act of 1974 as amended from time to dme,12 U.S.C.$2b01 et seq.("RESPA"),unless another
<br /> '�•'.'r� _ ' ' law that appliea to the FUnd�sets a lesser amoun� If so, Lender may,at any time,collect and hdd Punds in a�aa�ount not to �__
<br />" �'"" ��`-�;i,�"k� �"� eaceed the lesser amount. Lender may estlmate 1hc amount of Punds due on the basis of current data and reasonable
<br /> '`';� ' • ' �~''�� estimates of expendiwres of futu�+e Escrow Items or othorwise in accordance with applicuble law.
<br />: " , ;'' , •� '�;"�.'-` The PYinds shall be held in an institution whosc deposits are insured by a federal agency,instrumentaUty,or enUty
<br /> , � w -����� (including Lender,if l.cnder is such an institution)or in any Federal Home Loan Bank. Lcnder shall apply�he Funds to pay
<br /> . , . • .'�: the Escrow Ilems. l.ender may not charga Bortower for holding and epplying the PUnds, annuelly analyzing the escrow
<br /> ',• • account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Po�ds and applicable law permits �
<br /> ,."".="::�k;�l4:�. Lender to make such a charge. However,L.ender mey rcyuire Borrower to pay a one-tfine cherge for an independent real
<br /> • - ' .��_i estate tex reporting service ueed by Lender in connection with this loan,unless applicable law provldes otherwlse. Unless an
<br />- ;� '�. '.; •: � ; agreement is made or applicnble law requires interest to be paid,Lender shall not be required to pay Borrower any Interest or
<br /> , .�•.}+.;;. :�-�-_.,,.���. cemings on the Funds. Borrowcr and L.ender may egrec in w�fting,however,U�at interest shall bc paid on the Funds. Lender
<br /> °—=y` shall give to Bnrmwe.r,withnut charge,an annual accounting of the Fundx,showing cre.clits and dai►its to the Funda and the
<br /> -'��'`� "�'• •'� purpose for which each debit ro the Funds wAS made. The Punds ane pledged as addidonal security for all suma secured by �
<br />, ��,�'=�:.---� tl�s Secssrity Insm�ment.
<br /> �• � ��''�'�'�"'"�` If thc FLnds held by lxnder caceed the amounts permined to be hcld by applicable law, Lender shall nccount to
<br /> � %� = � ` Borrower for the etcess Funds in accordsince with the requirements of appllcable law. If the amount of the Funds held by
<br /> � �• - Lender at any time is not sufficient to puy the Fscrow Ilems when due,L.ender may so no4ify Borrower in writing,and,in --
<br /> such case Borrower shall pay to Lender the amount necessary to muke up the de6ciency. Eorrower shall make up the
<br /> ,.'�';i. ;: �- � deficiency in no more thun twelve monthly payments,at Lender's sole discrction.
<br /> :� .. �� Upon payment in full of all sumx secured by this Security Insuument,Lender shall promptly refund ta Borrower nny --
<br /> � . " Funds held by Lender. If,under paragraph 21,Lender shall acquire or yell�he Propeny. Lender,prior to the acquisition or .b.:
<br /> ' '�� .. s sale of the Property. shall apply any I�nds held by l.ender at Ihe time of acquisition or sale as u credit against the sums
<br /> "'«.�",'.,".`:�•; secured by this Secu�ty Instrument. ---
<br /> i o � . , '..'' 3. Applicallon of Pnyments. Unless npplicnble luw provides otherwise, all paymenis received by L.ender under
<br /> � �°`' ��"" paragraphs i and 2 shnll be�pplied: first,to uny prepayrnent charges due under the Note;second.�o amounts payable under - "
<br /> � � " '`''"' ' � ="' parugrnph 2;third,to interest due;founh,to principni due;und lavt,to any late charges due under the No.e. -
<br /> �`"' '•"'"'"~"� ° � ��'"• 4. Cha r ges; Licns. Borrower shnll pa y ull laxes. assessmen4s, chur ges, fines nnd im p ositions AttributaWe to the
<br /> `�'� °.�*''t`��'�� Property which may attain pdorlty over this Secur�ty InstrumenG and leusehold pnymcnts or ground rents,if any. Borrower "`
<br /> �. ' '�� � �"` shall pay these obligAtions in the munner provided in parugraph 2,or if not paid in that mAnner,Borrower shall pay Ihem on
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<br /> '�`� ����� time directly to the person owed pnyment. Bomnwer shall promptly fumish to L.ender ull notices of umounts to be paid under
<br />��'w.� �� Y° •' this paragraph. If Borrower makes these payments direclly,Borrower shull pramptly furnish to Lender receipts evidencing -
<br /> � �,i�R�.., P,�. the payments. _
<br /> 1� • Borrower shull promptly discharge any lien which has priority over this Security Instrument unless Borrower.(a)agrees �`--
<br /> - ���`r � . in writing to the payment af the oblisation secured by the licn in a mnnner acceptuble to Lender,(b)conresls in goad fAith the -
<br />� � . ;,,�w::.� , , lien by,or defends ugAinst enforcemenl of the lien in,legul proceedings which in the Lender v opinion operate to prevent the
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<br /> � ' ,� ;� enforcement of the lien;or(c)secures from the holder of the lien un ugreement sntisfnctory to Lender subordinating the lien °.-�
<br /> �.� to this Securiry Instrument. If Lender determines thAt uny purt of the Propeny is subject to n lien which may attain priority �°_""�,
<br /> over this Se�urily Instrument,L.ender muy give Borrower u notice identifying the lien. Bvrtower shall satisfy the licn or take �-�.
<br /> ��'� ; one or more of the actions set fonh above within 10 dnys of the giving of notice. -�:c,;;
<br /> ' ; , S. Hazard or Properly InsurAnce. Borrower shull keep the improvemems now existing or hercafter erected on the �`'`
<br /> .. Property insured Againsl loss by fire.hur.urds included wiihin the tertn"extrnded co�eroge"und any other hazards,including �,_`�
<br /> . , floods or flaoding, t'or which Lender requires insurunce. '1'his insurnncc shall be mointained in the umounts und for�he =�
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