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<br /> TO()E7'�-!ER WI'fH all the improvemrnta now or heR�fler erocted an Ihe property,and all easemems.oppuAenonces.
<br /> �--- — wnd fixtura oow or hereafter a put oi the property. All replocemente wul addNiam shall alro be coveral by thie Suurlty
<br /> _ _---- - I�wpument. All of the furc�oin�ia refemed lo in this Securiry Incwment us the"Property."
<br /> BORROWER COVENANTS that Borrower io lawfully sclsed�of�he eslate hercby conveyeA and has tho right[o gr9nt '
<br /> ��� • }• and convey theproporty and that�he Proprty is unencembercd.except for encumbrunces of recard. Bamwer wnrrwuo m d
<br /> - wi11 defend Qenersiliy the titie to iho Pn�peny A�ainat al cloimr uid demoncls,subJect to�ny encumbrancep of recorti.
<br /> ' THIS SBCURITX IN5TRUMENT combines uniform covenonta for nalionai use and non-uniPorm covauntr with
<br /> - limited variat�ons by jud�diction to concatute a unifom�s�x;uri�y instfument covedng rr,�l propeny. -
<br /> UNIPORM COVENAN7'S. Borrower and Lendar covenant and agree as follows:
<br /> ��;�� 1. P�yment ot Principal ond laterect;Prepayment and L�te Ch�rQe�. Borrower shall promptly puy when due thc
<br /> prineipal of and interest on the debt evidenced by the Note and uay prcpayment ond lote charger due under the Note.
<br /> + Iy ��,�� 2. Fbnds for'i�utes aod Iosurnnce. Subje�:t lu applicubt�Inw or to a wdt�en waiver by Lcnder,Burrower ahnll pay ta
<br /> �:�;_.�l�t.�;�"'_,� Lender on the day monlhly payments are dua under�he Nwo,until the Note is puid in full.a sum("Funds")for:(a)yearly
<br /> a--g - �--�_� taxeR and assessmenta which may attain pdor�ty over thia Security[nsdument Na a Ilen on the Property:(b)yearly lease6old
<br /> ----�� payments or ground rents on the P�+operty, if any; (c) yearly hezard or property insuraue premiums; (d)yeurly fload
<br /> insurance premiuma. lf any; (e)yeuriy rnortgege insurance premiums, ii any;and(�eny sums payable by Borrower to
<br /> ��'�'� I.ender.in atcordence wlth the provisions of parngraph 8.In lieu of the yment of mortgage insurance premiums. These
<br /> �.c.�:sr�us:a:
<br /> ��.���;��m�,.�;:;�• � items are celled"Escrow items." l.ender may,at any time.collect and ho d Punds in su�emount not to exceed the maximum
<br /> _""�"'"�"' umaunt a lender for a federelly related mortgage loan moy require for Borrowerh escrow Account under the federal Real
<br /> �'�-' Eslate Senlement Pracedures Ac[of 19�4 as amended from Ume�o dme, 12 U.S.C.$2601 er seq.("RESPA").unless another
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<br /> '�;�.�'�-��� . law thet appllea to 1he Punda sets a lesscr amount. If so,L.cnder may.at uny time,collect and hold ELnds in nn amount not to
<br /> - ��,_r���;��,;�- exceed the tesser amount. Lender may estimute thc amount of Punds due on the basis of cwrent dAto and reaxonable
<br /> -'���="V=°'-`-`�''"' estimates of eape�ditures of futu�e Facrow Items or othenvise in accordance wlth applicable law.
<br /> �tn�"'�`t-,�°�� �.,�•• Tha Hl�nds ahall be held in An instiwtion whose deposits are insured by n faderal agency. instrumentality,or enUty
<br /> "�;� � � •�� (including Lender,if Lender is such an institution)or in uny Federal Home Loan Bank. Lender shall apply the�nds to pay
<br /> ����==~�-===�� the F.scrow[tems. I.ender muy not charge Borrower for holding and applying the Funds.annually analyziag the escrow
<br /> :"'':""'•�i`'`'• '� account, or verifying the Escrow Items. unless L.ender pays Borrower interest on the Plmds and applicabie law permits
<br /> -s� ;,-,.j°�;�,-� - Lender to make such a charge. However,Lender may require Borrower ta pay a one-time chorge for an independent real
<br /> =-;� ;�"'; .! . �',� ` estate tax reporting service used by l.ender in connecdon wllh this loan,unless eppliceble law provides otherwise. Unless on
<br /> -- agreement is made or appliceble IAw requires interest to be paid.Lender ahall not be required to pay Borrower any interest or
<br /> _ -- .e,.._ camings on the Funds. Borrower and Lender may agree in writing,however.that interest shall be Paid on thc Funds. Lender `
<br /> � ,���y.,= . . RY, sheli give to Borrower.without charge,an annual accounting of the FLnds,showing credits and debits to[he Funds and the
<br /> purpose for which each debit to the FLnds was mude. The PUnds ue pledged as additional secudty for all sums secural by
<br /> � �,�;�;,,,h�;,;i;�„�?' this Securlty Instrument.
<br /> - - !t the HLnda held oy I.encier exceed the amoun[s permitted to be hnid by u�ikebl� law, Lender shalf accautst tu
<br /> Borrower for the excess�nds in accordance with the requirements af applicable law. If the unount of the Fbnds ktctd by
<br /> -��� ,;,�, . ° Lender at any time is nat xufficienc ro pay the Eccrow Items when due,l.ender may so notify Bormwer in writing. and,in
<br /> � � �f�r �• such case Borrower shall pay ro Lender the amount necessary to make up the deficiency. B�xrower shall malce up the
<br /> ���"'=• ' � deticiency in no more than twelve munthly pAyments,at Lender's sole discretion.
<br /> _. ;�''� " ,�,��.: Upon puyment in full of ull sums secured by this Security Insaument,Lender shall prompUy refund to Bo�rower any
<br /> . �f ��"-- FLnds held by Lender. If.under parngruph 21,Lender shall acquire or sell the Property,Lender.prior to Ihe ac:yuisitiun ur -
<br /> _., n;��' � sale of the Property, shall apply any FLnds held by Lender at the time of ucquiaition or sale as a credit against tha sums
<br />� .. �.+: • ' secured by this Security Instrument.
<br /> ., ..:;�._�;� •�.,�.. , 3. Appllcatlon of Payments. Unless upplicable law provides otherwise. all payments necelved by Lender under
<br /> _�,.• � ;.�,�� • parngraphs 1 and 2 shall be applied:first.to nny prepuyment chsuges due under the Note;second.to amounta payable under
<br /> � �,,,.._,,...._ ,��. paragraph 2;third,to interest due:faunh,to principul due;and last,to nny lete charges due under the Nate. _
<br /> ?� ' - '"�•^ 4. Charges; Liens. Borrower shall puy all taxes, assessments, charges. fines nnd impositfons attnbutable ro the
<br /> .- ' '���:•:• - Properry which may attein priority over this Securfty Instrument,and leasehold payments or gtound rents,if siny. Borrower
<br /> - ���: � ,� shall pay these obligations in:he manner provided in paragraph 2,or if not paid in�hat mAnner,Borrowcr shall pay them on
<br /> ' �• ��•• • i� time directly to the person owed payment. Borrower ahall promptly fumish to Lender all notice+�of umounts to be paid under
<br />'-r•'-,; �. . x. this paragraph. If Borrower mekes these payments directly,Borrower shall prampdy fumish to L.ender receipts evidencing
<br /> ,.`. ~ �:,�;,,�1,;:��: thepayments.
<br /> � �� • Borrower shall promptly discharge Any lien which has priority over this Security Instrument unless Bomower.(a)agrces
<br /> �,: in writing to the payment of the obligation secured by the lien in a mnnner ucceptable to Lender,(b)contests in goad faith�he
<br /> �`.+�`;. ;r��,�'."' ' , lien by,ar defends against enforcement of the lien in,legal proceedings which in the Lender�s opinion operate to prevent the
<br />-.,, ° ,- enforcement of the lien;or(c)secures from the holder of the lien an ugreement sutisfactory to Lender subordinuting the lien
<br /> `'"'° " . to this Security Instrument. If Lender determines that any part oP the Property is subject to a lien which may attain priority
<br /> over this Security Instrumen�,Lender muy give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take
<br /> � � � � one or more of the actions set fonh above within 10 duys of the giving of notice.
<br /> • � 5. Hazard or Property lnsurance. Borrawer sht�ll keep�he improvements now existing on c�rcufter erected on the
<br /> , Property insured ngain�t loss by fire,huz�rds included within the term"extcnded coverAge"and any other ha�ards,including
<br /> ' 800ds or flooding, for which L.ender requires insurnnce. This insumnce shall be maintAined in the amounts end for the
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