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<br /> TO(767'HBR WITH�II tho impravemcnls now or horeaRcr crxtal on the pmpeny,and wll cASCmcros.rppurtenw�ccs. .
<br /> _ - �-�d ti;,tan;r�w un c�u�tkcr�p:ut of th:.prapc:ty. Al!replacemens.:as�d udclitlans�hal!nleo bc rovrnd by thi•�r��►ity ._
<br /> ; L In�trument. All of thc forcgoing is referned lo in this Secu�ity Incwment as the"Propeny."
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<br /> BORROWER COVBNANT3 that Bortowcr ia lawfulty sciced of�hc eatatc hcreby convcycd and has the right to grant
<br /> �� and convey the Propeny aod lhat the Pnnperty is unencumbered,except far encumbrunces of record. Borrnwer wertanta u�d
<br /> _ __ will dtfend generelly ihe dtle M tho Pmpeny against all claimr and demands.cubject to any encumbronces uf record. _
<br /> THIS SECURITY INSTRUMENT combines uniform covenonts for national ube nnd non-unifarm covenants wilh
<br /> �• � � limited variationn by juriediction to constitute a unifocrn securiry instrument covering real propeny.
<br /> UNIFORM COVENANTS. Borruwer and Lender covenent and ugree as follows:
<br /> -- -_� ���,��;k,�� 1. Pnyment of Principal and Intereah Prepayment aad Late Chor8e9. Bomower shall promptly pay when due�he �
<br /> princiPal af und interest on�he debt evidenced by the Nota nnd any prepayment nnd late charges dae under the Note.
<br /> �'�'�'��'�� 2. Fund�tor 7luies pnd lnsuranee. SubJect to upplicable law or to a wrltten waivcr by Lender.Borrower shell pay to
<br /> �Y���'""�"`_:�a'�,��'�� Lender on the day monthly paymcnts iu+e due under the Note,until thc Note is puid in full,u sum("Funds")for:(a)yearly
<br /> _ - ��� roxes and assesaments which muy attain pdaily over Ihis Secudty Instrument as a lien on the Property:(b)yearly leasehold
<br /> �°`,,�yr�;— paymenta or graund rents on the Property. if eny; (c) yearly hazard or property inaurnncc premiums; (d) yearly flood
<br /> _ �ffz±'��� insurance premiums, if any; (e) yesuly moRgage tnsurance premiurns, if any:and(�any sums payable by Borrower ro
<br /> l.ender,in accordance with the provisions of puagraph 8, in lieu of the puyment uf moAgage inaurance premiums. These
<br /> items are called"Escrow Items." Lender may,at any time,collect and hold Funds in an amount not to exceed Ihe mauimum
<br /> ,�:__,.,ID`��-�-= amount a lender for a federally relnted mortgAge loan may requiro for Borrower's escrow account under the federal Real
<br /> - -- ����-��..,�°. Estate SetUement Procedures Act of 1974 as amended from time to ume, 12 U.S.C.�2601 et seq.('RESPA"),unlesa unother
<br /> --- � �••� law that applies to the Funds sets a lesser amount. If so.Lender may, ut ut�y time,collect and hald Funds in un amount not to
<br /> � ' '��'j�. excecd the Icsser amount. Lender may estimate ihe amount of Punds duc on the basia of current data nnd reasonable
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<br /> - estimates of expenditures of future�.,crow Itema or otherwise in accordance with applicable luw.
<br /> - �`...��.:-�.�=r,,�'�. The Funds shall be held in an institution whose deposfts are insured by a federal ugency, instrumentality, nr entity
<br /> —'�°'�""`'"'�` '���' (including Lender.if Lender is such an institution)or in any Federal Home Loan Bardc. l.ender shall npply the Funds to pay
<br /> ' the Escrow Items. Lender may not churge Borrower for holding and applying �he Funds, annually analyzing 1he escrow
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<br /> � . account. or verifying the Escrow items, unless Lender pays Bonower interest ori the Funds end applicable luw permits
<br /> '�� �,,` .,�+u�..a�r Lender to make such a charge. However,Lender may require Borrower to pay a one-time charge for un independent real
<br /> �.,s.;,�. ._. -:.:.� estate tax reporting service used by L.ender in connection wiU�thia loan,unless upplicable law provides otherwise. Unless nn
<br /> � - ,, � r " agrc:emrnt is mad�ur appllcable law requires interest to bc paid,Lendcr shull not be required to pay Borrower nny interest or --
<br /> —, � ��,a � ' • '' eamings on the Punds. Borrowcr ond L.ender may agtee in writing,however,that interest shall be pnid on the FLnds. Lender
<br /> s� �,�,,,y;';.;a���r shall give to Borrower.without charge,an annual accounting of the Funds,showing credits and debits to the Funds and the
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