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<br /> .- TOCiE77i8R WITH oll Iho improvemenu now ar hereuf�er erected on the prapeny,cind all eaxemenu,appunenances,
<br /> --�� ,- end(lxture�now�r hereafter A par[of tho PropertY. All rcploccmenta wnd additions Kiull alco bo rnvered by Ihis S�uritY .
<br /> :• � Inwlument. All of the forcgoing is rcfeircd Io in thia Secudty Inswment ea�he"Property."
<br /> �"'�� BORROWER COVBNANT3 that Barrower ia luwfully xei�ed of Ihc cstate hercby conveycd und 6a�;Ihc�Ight to grent
<br /> `.4; and convey�he Property and Ihat the Propeny Is unencumbered.except for encumbrances of rerard. Borrower warronw and
<br /> ••� �____ will defend genemlly Ihe Utle to the Property ag�inat all cloimc und demnnds,s�ubject to any encumbrnncer of n:cord.
<br /> �' THIS SECURITY INSTRUMENi' cambines uniform covenants for natfonal use smd non-unfform coveawua wlth L
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<br /> iimited variations by ju�isdiction to constitute a unifom�eecudty ins�rument coveting resd propeny.
<br /> _ � UNIFORM COVBNANTS. Borrower und Lender covennnt and agrec as falluws:
<br /> •m�c:���.�;,�� L Payment of Principal and lateresti Prepoyment and Late Chprge9. Borrower shvll promptly puy when due the
<br /> ___?�.i�_a�'���� princlpal of and interest on thc debt eviden�by the Nate und uriy prepayment and late chargea due under the Note.
<br /> _ � „��,�,��, 2 Ftinde tor 7laxes and Insu�ance. Subject to applicable law or to a wdtten wniver by Lender.Borrower shall pay to
<br /> '�:` Lender on Ute day monthly payments aze duc under the Note,until the Nate is pAld in full,u sum("Funds") for. la)yeurly
<br /> +�° taxes and assessmenta which may attain priodty over this Securiry Instrument as a lian on the PropeRy:lb)yearly leasehald
<br /> -'—�"�'`�`'"�` payments or ground rents on the Property. if any; (c)yeurly hawrd or property insurance premiurns;(d) yearly flood
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<br /> �'`•;�n�; r p insurmce premiums, if any; (e) yearly moRgege insurance premiums, if any; and(�any sums payable by Borrower to
<br /> �..�,�`?"'--�;-�� ��� Lender,tn uccordenee wlth the provisions of paragrnph 8. in lieu of the payment of mortgage lnsurance premiums. These
<br /> —�—���?Y ��: _�T itema ere called"Escrow Item�." Lender may,at any time.collect ond hold Funds in an emount not to eaceed the maximum
<br /> ____ Y ;�.;,.... . .�•„z_.• nmount a lender for a federally related mortgage loan may reyuire for Borrowerk escrow account under the federnl Real
<br /> ,_ - � r;�„ �.4tate Settlement Procedures Act of 1914 as amended from dme to Qmc, 12 U.S.C.4 2601 e�seq.("RESPA">.unless unother �__
<br /> ,�, ��,� , law that applies to the Funda sets a lesser amount. If sa,Lender may,at uny time,cdlect and hold Funds in an umount not to
<br /> -- -``"�' •�� � eace�i U • lesser �mount. Lender ma�� estimate �he nmount of Funds due on �he basis of current dala and reasonable
<br /> �:� ' , est�mates of expenduures of iutu�.:Escro. pems or ahenvjse in accordance with applicable law.
<br /> --'-'�='-_-"=_,='`-_=``��,- • Thc Funds shall bc hcld in an institution whosc dc its nne insured b u foderal agency. instrumentaliry. ar entity -
<br /> �'''"' • a"`'�"�• � (including Lender.if Lender is such an insdtutlon)ar in eny�Federal Hame Loan Bank. Lender shall apply Ihe Funds to pay
<br /> � �. the Escrow Items. L.ender may not charge Bo�rower for holding and applying the Funds,annuully anAlyzing the escrow `
<br /> � ��� '•� account. or verifying the 8scrow Items. unleas Lender pays Borrower interest on the Funds and appliceble luw permits
<br /> =z. ":T::• �..'�,�r�.^- ' Lender to make such a charge. However,Lender may requite Bo�rower tu pay a one-time chnrge for an independent real
<br /> ' �'' '���r � estate taz reporting servlce us.:d by Lender in connection with this loan.unless appUcable law provldes otherwise. Unless nn
<br /> _ ' . °�� ' - agreement is made or appflcable law requircs interest to bc paid.Lcnder shell not be reyuired to pay Bortower any interest or
<br /> � • earnings on the Funds. Barower and l.endcr may agree in writing,however,that interest shall be paid on the Funds. Lcnder
<br /> ;_,, .ti::, � ahall give to Borrawer.without charge,an annual accounting of the Funds,showing credits and debits to the Funds und the
<br /> — �a''' �'�..= gurgo^,e far uhich cach debii to the�urtds was rn�de. The Funds ste pledgec!as sddfslonu!sxurIry Por e!!sums secured bY --
<br />°_ � �''R'��� �r`�-" °, this Security Inswment. -
<br />- �, � If the Funds held by Lender exceed the amounts permitted to be held by applicuble law, Lender shnll uccount to
<br /> • `� . Borrower for the excess Funds in accordance wi�h the requirements of applicable law. If the umount of the Funds held by
<br /> �' " Lender at any time is not sufficient to pay the Escrow Items when due,l.ender mny so notify Borrower in writing,nnd,in
<br /> d�Y � .. such case Borrower shall pay to l.ender�he urnount necessary ro make up the deFiciency. Borrower shell make up �he
<br /> -_ '�! °� . deFclency in no more than twelve monthty puyments,at Lender'.s xole discretion.
<br /> Upon payment in full of all sums secured by this Security Inshvment,Lender shall pmmptly rePund to Borrower ony
<br /> � � � � � Funds held by Lender. If,under paragraph 21, Lender shall acquire or sell the Property,Lender,prior to Ihe acquisition or ��
<br /> � ^ ' � "`;���` sale of the Properry,shall apply any Funds held by Lender ut the time of acquisition or sate as a credit against the sums ��•
<br /> ` y ..` '��; - secured by this Security Inswment. �
<br /> 3. Applic,ation of Pnyments. Unless upplicable Inw provides otherwise,all payments received by L.ender under
<br /> �����• paragrnphs I and 2 shall be applied:first.to uny prepuyment charges due under the Note;second,to umounts payable under �'-
<br /> _� ':' ' paragraph 2;third,to interest due;founh,to principal duc;nnd last,to nny lete charges due under the Note. -
<br />,��"; ' . 4. Chprges; Liens. Borrower shull pay �11 taaes, assetisments, ch�rges. fines and impositions Attributable lo the
<br /> t� , Propeny which muy attain priority over this Security Instrumen[,and leusehold payments ur ground rents,if any. Horrower -� -
<br /> - "' • j�.;;.r'� � shall pay these obligAtions in the manner provided in parngraph 2,or if not paid in�hat mAnner,Borrowcr shall puy them on �:�.
<br /> • . '_-'_� time dirccdy to the person owcd payment. BoROwer shull promptly furnish to Lender all notices of amounts to be paid under �Q::
<br />'." " ° � this paragraph. If Borrower mukes these payments directly,Borrower shull promwly fumish to Lender receipts evidencing ' --
<br /> • the payments.
<br /> � Borrower shnll promptly discharge�ny lien which has priority over this Security Insirument unless Bortower:(a)ngrces `` "
<br />•,�•, ^ . ,�;'.. , „ in writing to the payment of the oWigation secured by thc lien in u munner ucceptnble to Lender,(b)contests in good fefth the
<br /> . lien by,or defends ugainst enforcement of the lien in,legal proceedings which in ttie Lender's opinion operote to prevent the
<br /> - ~ enforcement of the lien;or(c)secures from the holdcr of the lien un agreement sutisfuctory to Lender subordinating the lien �_
<br /> '' to this Security Inswment. If Lender determines that s�ny pan of the Property ix subjea to u lien which may nttain priorily
<br />� ;� over this Security Instrument,Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take �
<br /> . . •.�"Y'' . . one ar morc of the nctions set fonh above within 10 dnys of the giving of notice.
<br /> ` , . S. Ha�rd or Property Insuropce. Borrower shall kcep the improvements now exis�in�ur hereutter erected on the �'
<br /> , Property insured aguinst loss by fire,hazards included within thc term "cztcndcd covcragc"and any other hazarJs, including
<br /> ",;°�..^` ' tloods or flooding, for which Lender requires insurance. This inxurance shall be m�intained in the amouats und for the �-
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