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<br /> = TOUETHER WI7'H all�he improvemen�a now or hercafter erected cxi the property,end�I!easemem�,appu�nonces,
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<br /> - -- �nd f x�urcr miw ur i��Qcr x�nui uf Q� pruperty. A{I rrNiace��nt.r ajid addi�iuns bhull s�lsa be covercd by thiu 3cc ty �-_
<br /> lnsuument. All of the foregoing is rcferred to in this Security In9nvmcnt us►d�e"Propeny."
<br /> BuRItQWER COVEMANTS that Bormwcr is Inwfully sefsed of Ihe estute hcrcby wnveyed and has the right Io gran�
<br /> uid convey�he Property and�hnt�he Propnty is wencumbered,except for encumbrances of record. Borrower wurants qnd
<br /> `''_ -- -- ------� will defend genemlly the Ntle to the Property ugninst ull clnims end demends,Rubject lo any encumtxances of record. ��.,_
<br /> r THIS SECURITY INS'TRUMENT combines uniform covenanta for national use and non-unifam cove�nlc with
<br /> ,. limited veriationa by ju�isdictian to constiwte a uniform secur�ty insuurnent covering rcal properly.
<br /> � ' UNIFORM COVENANTS. Borrower und l.ender covenant und agree�s fallows:
<br /> ,�.,�,.,,,,-.,.;,. Pro P 9 P Y
<br /> ,.a„�-J� 1. Payment ot Principol and Interest;Prepayment and Late ChArga. Bortower shall m tl n when due thc
<br /> ��t, pr3ircipol of and interest on the debt evidenced by 1he Note and any prepayment and late chargea due under the Note.
<br /> �� 2. F'uade far 7bxee and lnsurance. SubJect to npplicubk Inw or to a wrltten waiver by Lender�Borrower shall pay to
<br /> �;�:.�;, � Lcnder on!he day manthly payments arc due under the Note.until the Note is ppid fn full,a sum("Funds")for.(p)yearly - -
<br /> _ �"°�.�� taxes and ussessmcnta which may attain priority over this Secudty Instrument as n lien on the Propeny;(b)yearly leaaehold
<br /> _.-��__� _ payments or gmund rents on the Property, if any: (c) yearly hAZard or property insurance premiums; (d) yearly flood
<br /> inaurance premiums, if any: (e) yearly mortgage i�surnnce premiums, if my: and(� ony suma pnyable by Borrower to
<br /> Lendsr,in accordence wilh the provisians of psuagraph 8,in lieu of thc payment of moAgagc insurance premiums. Ttiese
<br /> items ar�e called"Escrow ltems." Lender may,at any time.collect and qold Funds in rn omount not to exceed the meximurn
<br /> ��. F;_ arnount a lender for a federally related mortgage loun may nequire fa Barower's escrow account under the federal Real
<br /> — �,.-..;__- ^°;- � Fstate Settlement Procedures Act af 1974 as amended from timo to time, 12 U.S.C. §2601 ct seq.("RESPA"),unless another _
<br /> �� `�'' ' law that applies to the Funds seta u lesser amount. If sa.Lender may,at any time,cdlect and hold Funds in an amount not to
<br /> ----*'���. .,� excecd the lesser amount. l.ender may estimate the amount of F1mds due on the basis of current data and reasonabte
<br /> _ ' ., � ' esNmates of expenditures of fulure E.4crow Items or otherwise in acwrdance wi�h appllca6le law. __.
<br /> ' �' � The E1nds shull 6e held i� an fnsdtution whose deposits are insured by a federal agency. instrumentality, or entity --
<br /> . ��:,t.�<.`i (tncluding Lendeq if Lender is such an institutian)or in any Federal Home Laan Banlc. l.ender sholl apply the Funds ro pay —
<br /> , .., �,,�•�` the Escrow Items. Lender mny not charge BoROwer for holding and applying the Funds, onnually analyzing the escrow —.•-.
<br /> "'�= account, or veriPying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permits R:
<br /> :"';, •.r:''�-�.., '�.
<br /> _. ,; �.,;�,��,� �•-. Lender to meke such a charge. However, Lender may rcquire Borrower �o puy a one-time charge for an independent real ___
<br /> -� .�., , • _ , estate tax reporting service used by Lender in connection with this loun,u�less applicable law provides otherwise. Unless nn �-
<br /> • �• . ngreement is made or applicable law requires interest to be paid,Lender shnll�ot be rcyuired to pay Borrower any intereat or
<br /> • eaminga on the Funds. Borcower and Lender may agree in wripng,however,that Intercst shall be paid on the Funds. Lender _ -
<br /> _ � �k y;,:^�„�,..,�,� shall give to Botrower,without churge. an annual accounting of the Funds,showing credits end debits to the Funds and the
<br /> _ _-- ,,--- -- pu�pose for which each ckbic ro the Funds wa��uu�le. 'I'he Funds are pladgzd as additions!security for a!!sums securai @y
<br />_ •� .:, �his Security Inswment. -
<br /> " �. �� If the Funds held by Lender exceed the amounGg pemnined to be held by applicable luw, Lender shali account to --
<br /> � ' Botrower for the excesc Funds in ucwrdance with thc requirementa of applicable law. lf the amount of the Funds held by -
<br /> ��� Lender at any time is not sufficient to pny the E,�crow Items when due,I.ender may+n notify Botmwer in writing.und, in _
<br /> •� '� . , such case Borrower shall pay to Lender the �unount necessury to make up the deficiency. Borrower shall muke up the
<br /> • . "�r,.� . .��•'�' deficiency in no more than twelve monthly puymcnts,ut Lender�sole discretion. --
<br /> �"`°"�''`�"'� Upon payment in full of nll xumti secured by this Securiiy Insuumenl,[.endcr shall promptly refund to Borrower ony ___._
<br /> - �"�`"��� Funds held by Lender. If,under parngruph 21,Lender shull ucquire or sell the Property.Lender,prior ro the acquisition or �__-
<br /> _ ,.y.. .
<br /> _�,; ,,,,'., ..,.• ,� sale of the Properry, shall upply uny Funds held by Lender At the�ime of ucquisition or sale as u credit against the sums
<br /> �4 �,. ;;� secuned by this Securfty Inr�trumen�. ��
<br /> �,,�.,,,,,,-,.�;}�., 3. Application ot Paymenfs. Unles; applicnble law provides otherwise, all payments received by L.ender under G__
<br /> ,.�:�'__ . •��<= parngr.►phs I ond 2 shall Ne applied:firtit,lo nny prepayment chur�ec due uwder the Note:second.to amo�nts payuble under �;
<br /> R� ""` parag�ph 2;third,to interest due;founh,to principnl due;and lu�t,to uny Iate charges due under the Note. !�-�
<br /> ;'�• , „p,�,••� " " ' 4. Charges; Liena. Borrowcr shull pay all t�xes, n5sexsments, clurgcs. �incs nnd impositiuns nttributable to the —° �
<br /> - •w..,.. , , . _. Property whkh may attain priority over this Security Instrument,and Icaselald puyments or ground�+ems, if ony. Borrowe� �'��-
<br />-=^'' � ' ' shall pay these obligutions in the manncr provided in parugraph 2,or if not puid in that rnunner,Borrower shall pay them on —
<br /> :r. '�� �� . time directly ro the person owed puyment. Borrower xhall promptly furnish�o Lender all notices of amounts to bc paid under `_
<br /> = .� - �' this parugrnph. If Borrower mukes the5e puymenls direcUy.Borrower shull promptly fumish to Lender receipts avidencing �_
<br /> .. °, '.. the payments.
<br /> , " H Borrower shull promptly dischurge uny lien which has priarity over this Security Instrument unless Borrower:(a)ngrees
<br /> t • ��- ' in writing to the payment of the obtigwion secured by the lien in a munner rsaeptuble to Lendcr,(b)contcsts in goad feith thc =`
<br />�»"*•, ""''�" ' � lien by.or dofends uguinst enforcement of the licn in,legul proceedin�s which in the Lender'.s opinion operute to prevent the
<br />�: - '��� • enforcement of the licn;or(c)secures from the holder of the lien nn ngreement sutisfactory to Lender subordinating the lien
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<br /> "' to Ihis Security lnstrument. If Le�xier de�ermines that uny part of the Property is subject to n lien which muy attain priority
<br />' " . ' over this Security Insbument,Lender mny�ive Borrower u notice identifying the lien. Borrower shull sutisfy the lien or take �r
<br /> � , � one or more of the actions set forth above within 10 duys of�he giving of no�icc. _
<br /> . ,. , 5. H�rd or Property Insurance. Borrowcr shull kccp thc improrements now czisting or hereafter crected on thc —,_
<br /> '� Property insured against loss by fire,hazurds included within the terni "extended coveruge"und uny other huxurds,including
<br /> ° flaods or tlooding, for which Lender requires insurance. This insuranre sholl be-maintained in the amcwnts and for the „
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