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<br /> TOGETHERW[THall the improvementsuow or hercatterereuedon the propeety,and all easements,appwtonances,end � '
<br /> ,fixtures now or hereafter a part of the property. All r�placements and addidons shall also 'be covered by this 5ecurity
<br /> Instrument.All of the foregoing is referred to in this Security Instrument as the"Property' � `
<br /> I BOILR0I�VEP�OVENANTS that Borrowcr is la�vfiilly seised of the estate hereby convcycd and hzs the right to�rant and
<br /> convey the Property and that the Praperty is unencumbered,except for encumbrancesof record. Borrower warraats and will
<br /> � defend generally the title to the Property abainst all daims and demaads,subject to any enctunbrances of rec.ord.
<br /> . '=",; ' THIS SECURITYINSTRUM81VTcorabines unifarm covenaats for national use and n¢�n•uaiforna covenants with limited
<br /> '�;�: variations by jurisdiction to wnstitute a unifo�n security instrument c�rvering real propsrty. .
<br /> UMFORMCOVENAN'fS.Bonower�mdLendcsrcovenantandage�risfollows: • '
<br /> . . 1. P�sn! ex Prtnclpal snd Yntt�rest; Frep�yment And Lnte Charges. Borrowcr shaQ promptly pay when due the •
<br /> pxincipal of and interest on We debt evidenced by the Note and aay prepayment and late charges due under the Note. ;,;,,',•`
<br /> 2. F�n�dv far'IYuea and lnsw�ance.Subjecc to appUcable law or to a written waiver by Lender,Bonowershall pay to ".;��t�,�1,.
<br /> '' Leaderon the da.y enonthly puyments are due under the Note,until the Idote is paid ia full, a sum("Fhnds") for: (a)yearly taxes ,''�'�'-`""'
<br /> and assessmeatswhich mAy attain priority ovcr this Sccurity Instrumentes a Uen on the Property;(b)yesarly leasehold payment,5 j^: �• n;_--_
<br /> or auad rents on the Pro er if an , c)yearly hezardor .o r wsurmnco rcmiums; d)yearl flood insuraaca remiwns, �'�` ``�---
<br /> Br P �Y� Y' � P' P� �Y� P � Y P
<br /> if nny; (e)yearly mortgage insurance premiume,if any; and(�aay sums payeblo by Bonower to Lendar�tn accordancP with ' 's�
<br /> thc rovisions of ara a 1'n8, in licu oi thc a cnt of morl a e,insurance reriilutt�s.'Chcsr iterna eee celleJ"Escrow lteras:' ��'
<br /> • P P 8�P P Ym B S' p f : _ _
<br /> i.ender may, et eny time, collect and ho1J Fuuds i� aa a���aunt�ot to exceest thc mazimu:n amouat a londer for a federnlly � '-
<br /> related mortgagc loan may require[or Bonower's escrow uccount undcr tho federnl Real Estate Settlement ProceduresAct of -.-...---_
<br /> 1974 as amcndcdfrom dmc tn Ifmc, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless aaother law that applies to thc Funds -----
<br /> scta R Icaser nmount. /f so, Lendcr may, at any time, collcct and hold Funds in nn amount not to exaed tha lesser amouat. ••�%•�?�`'
<br /> �. Lcnder may estim�tc tho amount of Fttnds due on the basis of cunent data and reusonable estimates of expendittues of future .,,;�;: -
<br /> � Escrow[tcme ar othenvise in accordence wiW applicable law. `';•.r.:�
<br /> � T6e Ftuids s6m11 be held in en insdtution whose deposiis are insurcd by a federal agency, insvumentality, or entity ;��
<br /> '�� (including Lepder,if I.ender is such an iustitutioa)or in any Federal I�ome Loan Bnnk.I.enuer�6all epply iiue I`ancis to gay thc "�"��'•`-°""�'��
<br /> ' Esaow Items.I.ender may aot charge Borrowerfor holdiag and applying the Funds,aunually analydng the escrow account,or
<br /> verifying the Escrow Items,unl:ss Lenderpayr�Bonower intereat on the Funds and applicable law peratits l.enderto�nake sucb
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<br /> 2l Cu3rgC.t�OwCVCi�I.GU�SGrmtiy icyiinctTiOiiuR%ci iir Ydj%n O�c-Zlwoi.i aiga.f0a�SIi���',:,BtiVIIITvOtbJL4i�2o:.I��goCr:� ,�.i�:}'
<br /> � used by Lender in connecdon with this loan, unless applicable law provides otherwise. Unless an agreement is made or � '.,;,;'i.
<br /> "':i` '� applicable law requiresiuterest to be paid,Lendershall not be rcquiredto pay Bonowerany inter�,gtor earnings on the Funds. "; �;���
<br /> • � Borrower and I.ender may agree in writing, however, that interest ehall be paid oa the Fl�ads.l.ender shall givc to�orxawar, � .,.
<br /> without charge, an aanusl acco�anting of the Fhnds,showing credits and debits to the Fuads and the purposa for wbich each ,�; ,, `
<br /> '. debit to t6e Funds was made.The Ftunds are pledged as addidonal security for all sums secured by this Security Inatrument. �'� '
<br /> „ If the fi�nds held by I.ender exceed the amounts permittedto be held by applicable law, I,eadershall accountto Borrowes -
<br /> � for the excess Funds ia accordancewith the reqnirementsof epplicablelaw. If the amountof the Funds held by Lender at any �;`
<br /> tuae is noE suffiaent ta pay th�Escrow Items when due,I.ender may so noti�y Boaower in wri6ng, and,ia such case Borrower � `,'
<br /> • shall pay to Leader the amount necessary to malce up the defiaency. Borrower shall make up the deficiency in no more than '_ a •
<br /> .�••�s � twelve montWy paymente,at Lendcr's sole disaetion. �s —
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<br /> • � , •,,� , Upon payment in full of ell sums secured by this Security In�trument,Lender shall prompily refund to Borrower any �+�-�'T
<br /> � " `"" �� "' FLnds held b Lender.If, under ar a b21 Lcender shall ac u'uc ar sell the Pro e Lcader,prior to the a wsitioa ar sale
<br /> Y P � P + 9 P rt54 �1 � ��--=_
<br /> ;_: ; , . �;. ` of the Property�shall apQly any Funds held'by Lender at the tinne oi acquisition or sale as a credlt against the sums securedby �. -
<br />;: . this Security IastrumenG �'.=
<br />' �� � '? 3.AppUca3lo�n o?Puymeats, Unlessappllcablelaw provides otberwise,all pa�wentsreceiveciby Lenderundergaragraphs =_
<br /> - 1 and 2 shall l�c applied;first, to any prepaymentcherges due under the Note; second,to amouats payable under paragraph2; �_
<br />�``"� �. � third,to interest due; fourt.h,to prinapal due;and last,to any late charges due under the Note.
<br />:�,'�� ° "�� 4.Charges;I�ene.Borrower shall pay all taxes.assessments,charges,fines and imposidons attributableto the Property =-
<br /> ' , � crhich may attain priority over this Security Instrument,and lcasehold payments or ground rents,if any. Bonower shall pay - -
<br /> ��;^�°�, " thcse obligations in themanuerprovided'an paragraph2,or if not paid in that manner,Bonowershall pay them on time directly ____ ____
<br /> ,.:^„�,, to the person owed paymeat.Bunowers4+n1��romptly furnish to I.enderall uoticcs of amountsto be paid under t�is garegraph. -• -�� � .
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<br /> If Bonower makes these payments directly,Horrower s6all prumpdy fumish to Lender receipts evidencing the payments. :��.,.;,,�
<br /> `� �� � ���•_;_�;_
<br /> ` Horrower shall prom�tly dischazg�:any lien which hes priority over this Security Iastrumentunless Borrower:(a)a�rees ia --.,,;��--
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<br /> writiag to the paymeatof tl�e obligadoa securedby the lien in a manneracceptableto I.ender;(b)contests in good faflth Che lien f{'{c�~pg�t;;.
<br /> , or defeads st eaforcement of the�ien in, lc roceed+n which in the Lender's o inion o rate to revent the '�.;'"'`-U'`
<br /> bY � �P 8s � P� P �, �s�=:a1,�r;:
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<br /> enforccmentof t6e lien;or(c)secwes&om the holder of the lien an agreementsatisfactory to Leader subordinatingthe lien to , ��„ ,�71;��r�r.
<br /> ; tbis Security InstrumenG Lf Lender determinesthat any part of the Yroperty is subject to a tiea which may attain priority over �'�''"�i;�'�:�:.����'a°_
<br /> : �,���;wa� .,
<br /> tivs Security Instruasens,Lender may�ve Borrower a norice identifyiiog the lien.Borrower shell saGsfy the lien or take one or '+. , ' ::.;;.;f;.��t:. .
<br /> ' more of the actiona set fortl�abrne within 10 days of the�ving of notice. `� � .. ;•y,�,�' ���;
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<br /> � Form 301t �fi0p . . ... �_trc,: .-
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