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<br /> = TOt1�771ER W17'FI�tlllhe improv�men�4 nc►w or hereAper erected an lhe property,end all easements,appunena�icea,
<br /> --- - _ end fixturrs eow or hene�ft'r e�n nf'the�rty. All r�e�l�cememx wuf addition��h�ll Wou bo covered by thi�Securfry ._
<br /> - � � incpurtKnt. All uP ttro foregaing is referred ta in this Sccudty Inrtrumcnl aK�ho"Property"
<br /> ! BORROWBR COV�NANT3�hnt Bormwcr fR Iwwl'ully xci�ed of�hc cx�atc hrreby convcycd wiul has Ihc�igbt to grant
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<br /> `' �nd convcy thep�nperty and�hat�he Praperty ic unencum6en�,eacept fur encumbrances ai'recurd. 8urrower wurrant�anJ
<br /> --'-=.---- - -"'- -- will defend genemliy tha title m tl�c Pmperty n$ainyt dl clalm�end drmnMl�+.aubk�:t to uny encumtxwKCr of rccotd.
<br /> THIS 3ECURITY INS7'RUMBNT combinca uniform covenunla for npllanal ux� und nw�•uniform covenwotr wllh
<br /> ��, limited verfaciona by ju�isdiction ta constitule a unifarm secudty inclrument coved��reul propeny.
<br /> UNIFORM COVENANTS. Borrower and Lender covenont ond Agrce as tallowa:
<br /> --- � v�Y�t o/Vrtnoi�l A�wl lntereRt;Prewyment aad L�te Charkes. Bortowcr shall prompdy pay when due the .
<br /> principal of end interest on the debt evidenced by the Note and uny prepayment ond lute chargea due under the Note.
<br /> :�_.�y:�at;�;;t Z. I�nda�or'Ibxes and insn�ance. Subject to applicable law or to a wrilten wsiver by Lender.Borrower shall pay to
<br /> :�"'�:�.."''.�tl"!!:'`�� Lendcr an the day momhly payments are due under�he Note,until the Note is paid m full.a sum("�'unds")for.(a)yearly
<br /> �•����u�a taxes and�ssessments whicl�may attain pdority over this Secudty Instrument as a lien on the P�aperty;(b)yearly leasehald
<br /> —. �-��� payments or ground rents on the Properiy, if any; (c) yearly hazard or propeny insuranca premiums; (d) yearly flood
<br /> ��JW insurance remiuma. if an ; (e) yeurl mort a e insurance mmiums, if an • end(t)an sums a able b Borrower to
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<br /> Lender,in acrnrdance wlth the provisions of pnragrnph 8,in lieu of the puyment of mortgage insurance premiums. These
<br /> ��-:�s±'.' items are called"F,semw ltems." l.ender may,at any time,collect and huld FLnda in un amount not to exceed the maximum
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<br /> amount a lender for a federally relsted mortgage loun may�r,quire for Borrowerg escrow account under the federal Real
<br /> ---- � �•�•-'��-�-� Estate SeWement Procedures�lct of 1974 as amended from time ro time, 12 U.S.C.§2601 ci seq.("RESPA"),unless aoother _
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<br /> �� '���"• '"' " law ihat appltes to ihe Punds sets a lesser amount. [f so.Lender mey.nt any Ume,collect and hold Funds in an amount not to
<br /> ��' �#��� exceed the lesser amount. L.ender may estimate the amount of Funds due on the basis of current data und reasonable
<br /> •:-:�''•�•�'°�•�� �"_'''�� estimates of expenditures of future F.scrow Items or otherwise in accordance with applicable law.
<br /> --��° � � The Funds shall be heid in an institution whose deposits nrc insured by a federal agency, instrumentality,or entiry
<br /> r�,.� j�„y�,�;,;:tr�ra3�"' ' (including Lender,if Lender is such en institution)or in any Federal Home Loan Bunk. I.ender shall apply the Funds to pay
<br /> T^� ".-� � �� ��^�,� the Escrow Items. l.ender muy not charge Borrower for holding and applying the Funds,annually analyzing the escrow
<br /> = � °•° ' account, or verifying the Escrow Items. unless Lender pays Borrower i�terest on the Funds nnd applicnble law pertnits
<br /> �' "'�`'"""'"'-"�"' : ,� l.ender to make such a chargc. Howcver,l.ender may require Borrower to pay a one-time charge for an independent real
<br /> �� '� „ " estete tau reporting service used by Lender in connecdon with this loan,unless applicable law provides otherwise. Unless an
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<br /> =;',f, °, agrecment is made or ApplicAble IAw requires interest to be paid,Lendcr shall not be required to pay Borrower any intcr+est or
<br /> = •�•�°..:,.. � ,,,J�,;. earnings on the Funds. Borrower and l.ender may agrce in writing,however,that interest shall be paid on the Funds. Lender
<br /> �`''� � ,��.�,�,��,. shall give to Borrower,without charge,an annual accouming uf the Funds,showing credits end debits to the Funds and the
<br /> -- -.:����:: -- purpuse Y'ur wi�icL cuc8�Uit w ihe i�Lods was made. The i'vads arc pfcdgcd as a�ditiana!security fos s!!snms secuned by
<br /> = " ' ' . this Securiry Instrument.
<br /> '' •'� If the Funds held by L.ender eaceed the amounts permined to be held by applicnble law, Lender shall account to
<br />-- ^ ' Borrower for the excess Funds in uccordance with the requirements of applicable law. If the amount of the Funds held by
<br /> - ' ;F.,, , .. . Lender at any time is not sufficient to pay the Escrow Items when due,Lender may su notify Borrower in w�iting,nnd,in
<br /> .,y,�io. `�:> sucfi case Borrower shall pay to Lender the nmount necessary to make up the deficiency. Borrower shall meke up the
<br /> '�;�, ,.1 deficiency in no mare than twelve monthly paymems,at I..enderF sole discretion.
<br /> - , '.. ^ ''•:y, � Upon payment in full of ali sums secured by this Securiry Instrument,Lender sholl prumptly refund to Borrower uny
<br /> -''. ° Funds held by Lender. If,under purt�graph 21,Lender shall ncquire or sell the Property,Lender,prior to the acquisition or
<br /> �,' - , ,,, sale of the Properry. shall upply any Funds held by Lcnder at the time of acquisition or sale as a crcdit against the sums
<br /> .1i,,.,-" secured by this Security Inatrument.
<br /> j;�� � � � 3. Appliealbn of Paymenls. Unless upplicable luw provides aherwise, all payr�ents received by Lender under _
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<br /> --_ � �,,��,��,_•_;� paragrapiw 1 wid 2�hall be applicd: first,w:uiy prcpaymcnt charges due under the Note;second,to cunounts paysble under -
<br /> �`^ : . . ,,...,.,;; paragraph 2;third,to interest due;founh,to principul due;and lust,to any Inte charges due under the Note. -
<br /> ���� • .,' ' • 4. ChWrges; Llens. Borrower shull pay all tAZes, ussessment�, charges, fines und impositions uttrfbuU►ble to the
<br /> ,..... . ., Property which may ultnin priority over this Security Inswment,wid letischold paymcnts or ground rcnts,if uny. Borrawer -
<br /> ,y., � ;,,.;,� �' � shall pay these obligations in the manner provided in parngruph 2,or if not paid in thnt munner, Borrower shall pay them on
<br /> .t:•:d, . �' time direcUy to the person owed payment. Borrower shall promptly furnish to Lender all notices of nmounts to be paid under
<br /> . • _�• this paragraph. If Borrower makes these payments direcdy,Borrower shull prompNy fumish to Lender rzceipts evidencing
<br /> _ . the payments. _
<br />:, ' Borruwer shall promptly discharge any lien which has priority over ihis Security Instrument unless Borrower:(a)agrees
<br /> � in writing to the payment of the obligution secured by the lien in a mnnner ucceptable to Lender.(b)contests in good fvth the
<br /> `�.. � ,�„ lien by,or deiends ugainst enforcement of the lien in,legal praceedings which in the Lender�opinion operate to prevent the -
<br /> � �`.';.:. _ ' enforcemrnt of the lien;or(c)secures from the holder of the lien an agreement satisfuctory�o Lender subordinating�he lien -
<br /> : ' , to this Securiry Instrumenl. If Lender determines thut nny port of the Propeny is subject to a lien which may attain priority
<br /> ` y� �7 : over this Security Instrument.Lender muy give Borrower a notice identifying the lien. Borrower shall sadsfy the lien or take =
<br /> . ��. one or mare of the uctions set forth above within 10 dnys of the giving of nuticc. -
<br /> • .. 5. Ha�rd or Property insurance. Borrower shall keep the improvements now existing o�hereafter erected on the F
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<br /> • •• ' Aroperty insured against loss by£rc, hazards included within the term"cxtended coveruge"and nny other h�zurds,including �
<br /> ° floods or flooding, for which Lender reyuires insuronce. This insuranc� shall be maintuined in the amounts and fot the
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