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<br /> - — — TO(lETHBR WITH all thc improvem�enta now ar hereafter erxtod an t propeAy. pll easeme�►to,a}rpurtenancra, and
<br /> -- fiaturea now or hereafter e part oi the pmpeny. All replacementx wnd acWi�iuna stwll �Ico be c�verod by �hi� Sa�tity
<br /> -=— Insuume►n.All of the forcgoing is rcferrod to in this Sav�ity lnctrumcnt�the"Praperty.'
<br /> - --- —_ - -- BBRROWER COVENANTS tfu�t Oursowcr is{swEully setsed af she estcte hecsby con•re��cd and has the right to grant artd --
<br /> cunvey tho ?ra�erty and ttwt �he Propeny in uneni.h+mbered,except for encumbrances of recard. 8a/rrower warrantx�nd wUl
<br /> defend genernlly the tltle to the Property ogafnat r�lt claims and dematxlr,subjctit to any encumbrances of record. ,
<br /> THIS BECURITY INSTRUMENT combines uniform rnvenants far nutionul use and non-uniform covenpnt�wlth limitod
<br /> --=�I-- vuiations by Juriulicdon to congtitute a unifi►rm security insttumem onvering rcal praperty.
<br /> UMFORM COVENANTS.Borrower and L.ender cavonant und agrce as fallows:
<br /> 1. !'aymwt uf Princippl And Interesl; Prtpwymenl ond l.ate Ciwrgea. &►rcower shsill promptly pay when duc �ho�
<br /> "'"�""""""'�°' principal of and intercst on the dabt evidenced by the Nate and s�ny prepayment and latc charges due under the Note.
<br /> - --- -- 2. Fundt for Taxes aod Insutnnce. Subject to applicable law ar to a written waiver by Lender, 8orcower shall pay lo
<br /> ~�'+��;� [.ender un the day monthly payments arc duc under the Nate.until the Nore is paid in full,a sum("Furuls")for:(a)yearly taxea
<br /> _, � ,�,�,� and assescments which may nttain prioriry over this Security Instrument ns a lien on the Aroperty;(b)yearly leasehold payments
<br /> or ground rents on the Property,if any;(c)yeurly hawrd or propeny insurance premiums;(d)yculy fload insuran�x Premiums.
<br /> '�'�'�'�-�� if any; (e)yeady martgage insurance pRmiums. iP any;uncl(�any sums pays+ble by Borrower to Lender. in uccondome with
<br /> �. � -„� the proviaions of paragraph 8, in lieu of Ihe payment of mortgage insurance premiums. These items ase called "Escrow ItGms•"
<br /> ��;,�,e�,,,,f,�.,,;u�,�s,p� ixnJer nwy, at any time, collect and hold Funds in an amaunt not to exceed the maximum nrtMUnt a Iender for u federally _
<br /> �3;����_„�y� rolated mortgage loan may require for Borrower's escrow account under the federul Real Estate S.ttlement Procedures Act of
<br /> —�,��� 1974 as amended from time to time, 12 U.S.C. Section 26UI et seq. ("RESPA"), unless unather Iaw thut uppUes to the Funds
<br /> - ------�--- sxtx a lesser amount. If so, Lender may, at eny time, colicct and hold Funds in an umount nat to exceed the leceer amount.
<br /> —�, ^ �' lxnder may estimate thc amount of Funds due on the busis of current data and reasonuble estimates of expenditurcs of future
<br /> _:��.`� rr��� P.scrow Items or otherwise in acwrdunce with applicuble law.
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<br /> �s�::: .:,�,.k._•; - The Funds shull be held in an institution whose deposits are insured by A fedcral agency. instrumentality, or enUry
<br /> ;;�,Y�;."�;��_ (including l.ender,if L.ender is such an instimtion)or in any Federnl Hame Loan Bank. Lcnder shall apply the Funds to pay t he
<br /> �=� ;�j� "' Escrow Items. L.ender may not charge &►rrawer for holding end applying the Funds,unnually analyzing the exrow account,or
<br /> --� verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicuble law permits l.ender to make such
<br /> '��� �� ° �� ►:�'' a charge. However,I..ender may require Borrower to pay a one-time charge for an independent rea!estate tax repoAing service
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<br /> •�•�"°��f• used b l.ender in connection wjth this loan, unless a licuble law rovides otherwise. Unleas s�n s►greement ia made or
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<br /> �' '"j��• a licable Inw r uires interest to be sud, I.ender shull not be re uircd to n Borrowcr an interest or earnin s on the Funds.
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<br /> -_.�: �' tiµ��;�� Borrower and Ixnder may asree in writing,however.thnt interest shall be puid on the Funds. Lender shall give to Borrower.
<br /> _ - --:��:.-...-_..,:;.: s:ithou!cl�,zrge. an annua! sxounLing of the Funds. shoit�Ing credits and del+it�to thc� Fnrulc and the purpose for which each
<br /> •:•:.�t, .� . debit to tha Funds wuc made.The Funde are pledged as udditional security for all sums secured by this Security Instrument.
<br /> " ' : � ... If the Funds held by l.ender exceed the amounts permitted to be held by applicable luw.Lender ahall account to Borrower
<br /> .;;,_ for tl�e excess Funds in uccardAnce with the requirements of applicable law. If the amount of the Funds held by Lender at any
<br />- ' ,�� j time is not sufficient to pay the Bscrow Items when due,I.ender mny so notify Barrower in writing,and,in such cnse Borrower
<br /> �-��_, �`�'S_°h' � . ,;�� , shall pay to Lender ihe ur.nount necessury to mnke up the deficiency. Borrower shall mnke up ihe deficiency in no more than
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<br /> _�� twelve monthly pAyments,at I.ender'c sole discretion.
<br /> =_�• :`.;�;�:,;," '. '_�,�" Upon payment in full of ull wms securcd by this Security Inxtniment, Lender shall promptly refund to Borrower any
<br /> tr �' '-'' Funds held by Lender. If, under purogrnph 21, l.enJer+hull acyuirc�x tirll the Prope:ny.l.cnJer,prior to the acquisition or snle -
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<br /> �t. ' ;..,,,.., r�z�: of the Property, tihall npply any Funds heW by L.ender at the time of acqui�iti�n�r sale u�n credit ngainst the sums secured by
<br /> `�'",i • �•..-,� ' .. °;.,,..., this Security Instrument. -
<br /> ' �• 3.Application of Payrc�ents.Unless applicuble Inw provides othcrwise,all payments received by Lender under paragraphs
<br /> � � ?h""'� ` "` '"' 1 and 2 ahall be applied: first, to any prepuyment churge.r- due undcr the Note: scc�ind, to amoums payable under paragraph 2;
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<br />, ��'� third,to interest due:fourth,to principal due;and I�st,to any lute charge�due undcr the Note.
<br />��°• =~� - 4.Charges; Llens. Borrower shnll pay ull �axe�,atitic�smentti, charges, fines und impositions anributable to the Praperty
<br /> , � �"�'�'" ��` , ` which may nttnin priori�y over this Security Instrument, nnd IenseholJ puymcnts �►r ground rents, if any. Borcower shall pay
<br />- � ''�•-•, •:'. :�' the.se obligations in thc munner providc�in parugroph?,ur if nat paid in that manner, &►rn�wcr shull pay them on�ime directly
<br /> ✓'- ta the pen+on owed paymem. &�rrnwer shall pr��mptly furnish to l.cndcr •rll notirc.�il'umount5 to be naid undcr this pumgraph.
<br />� X , if Borrower makes these u ments dircctl &�rrowcr shall rum U furnitih to I.ender r�tei ts rvidcncin the a ments.
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<br /> • �•�• �� Borrower shnll promptly diu:horge uny licn which h;►ti prioriry ovcr this Sccurity Imtrument unless Burrowrr:(u)agreeti in
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<br /> �_.• � writing tn the paynxnt of the obligution secureJ by thc licn in u manner a�weptaMle to Lendrr:1 bl ronte+ts in gnod fuith the lien
<br /> S . '• r by, or dcfcnds aguinst cnforcement oP thc licn in. Irgnl pnxe��ling� which in the L�ndcr's npini.m operute ta prevent the
<br /> � - ,. - enforcement of the licn:or(c)s��ure� from the M►Id�r of Uic licn an:iFreemcnt�utisfar�ory w lAnJcr suFx�rdinnting the lien to
<br /> this Sccuriry Instrumcnt. If I.cnJcr determine�that any part iif thc 1'ra�xrty i++ul�jcrt to a lien which may uttain priuriiy uver _
<br /> �` � this Securiry Intitrument. L.cnJrr may givc F�►rr�i�vrr a n�nicc iJrnlifying thc licn. Barrawcr�hall.uti�fy the lien ur take onc or °
<br /> , more of the uctians set forth above within IU Juy�01'the giving�►f notirc.
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