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<br /> � TOCiSTHBR WITH all lhe improvements now on c�rcaFlcr erected un the properry,and all easemems.nppurtenancex,
<br /> And tiztures now or hereafter a part of the property. All replacemente and ndditions sholl alsa be covered by this Security
<br /> ��- , •�� �'•'`y-•.•• Instrument. All of thc foregaing is referred to in this Securlty Instrument as Ihe"Piroperty."
<br /> 60RROWER COVENANTS that Borrower is lawfully scised of the estAte hereby conveyed and has the right to grant
<br /> . k '` '°' . and convey the Property and that the Prapeny is unencumhered.except for ertcumbronces of record. Horrower wxttunt�and
<br /> � �`a" -;�, ��;"�"`` wlll defend genernlly the dtic ro the PropeRy ngainst all claims end demnndg,suhject to eny encumbrances of record. �
<br /> THIS SBCURITY INSTRUMENT combines uniforn� covenanis for nulionol use and non-uniform covenanta wilh
<br /> �_"'' `:'�"-� .,, ,�. limited variationa by jurisdiction to conslitute s►uniform security instrument covering real propeny.
<br /> .. �,; i,.•,, ,,�;,;,�•' UNIFORM COVENANT5. Borrower and Lcnder covenant and ugree as follows:
<br /> — '� ;` l. Payment of Prhrcipnl and Interesl; Prepayment aad l.ate Ch�tgea. Borrower shall promptly pay when due the
<br /> ==s� `"�.°'�' •��'�"' principul of and interest on the debt evidenced by the Note and any prepayment und late charges due under the Note.
<br /> -- • . • '' 2, �nds tor'ILxes and Insuraace. Subject to applicable law or to a written wafver by Lender,Borrower sheli pay to
<br /> — ' �Y� Lender on the day mantldy payments suc duc under the Note,until the Nae is paid in full,a sum("Funds")for:(a)yearly `��
<br /> �;;,,�,,,�_�,;'rt'�`" tnxes nnd assessmems which may attain priority over this Security Inswment es u lien on the Roperty;(b)yesuly leaschold
<br /> puyments or ground rents on the PropeRy, if any; (c) yearly hazard or property insurunce premiums; (d) yearly flood
<br /> i� "' '� � insurancc premiums, if any; (e) yearly mongage insurance premiuma,if any; and (�any sums puyable by Bortnwer to
<br /> ��� '�•�"•~�"� ` �`�''�� Lender,in accordance wiU� the provisions of paragraph 8,in Iieu of the payrnent of mortgage insurnnce premiums. These
<br /> � , ,�,;;..ti�.,,,:�;;,r�: items ere called"Escrow Items." L.ender may.at any time,collect and hold Funds in an a�mount not to exceed the maximum
<br /> -- �' � ' � amount a lender for a federull releted mori u e loan ma uire for Barower's escrow account under tbe federal Real
<br /> = f .. .�.,.:, Y 8 6 Y �1
<br />.- - -•� Estnte Settlement Procedurcs Mt of 1974 as emended from time to Nme,12 U.S.C,g 21�111 Pr.ceq.("RFSPA"),unless another .___
<br /> ,. �,u � ;��, law that applies to the Funds seis a lesser amount. If so,[.ender may,s�uny time,collect nnd hold Funds in an amount not to
<br /> • exceed the lesser amoum. Lender may estimate the amount of FLnds due on the basis of cuRent data and �easonable
<br /> �_ _ ' _.,, n, ,:_� esUmntes of expenditures of future Escrow Items or otherwise in accordance wi�h appljcuble law.
<br />"- - -"-�""-., a ..�;, The ELnds shall be held in en institution whose dcposils are insured by a federal agency, insdumentality,or enti[y _�
<br /> „ (including L.ender.if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay
<br /> the Escrow ltems. Lender mny not churge Borrower for holding and applying the f�nds, annually unalyzing the escrow
<br /> . �• •"�� accounl, or verifying the Escrow ltems, unless Lender pnys Borrower interest on the Funds und applicable law permits
<br /> � � �,*►: Lender to make such a churge. Ffowever,Lender may require Horrower to pay u one•time charge for an independent real
<br /> �� ° •• estate tax reporting service used by l.ender in connection with�his loun,unless opplicable law provides otherwise. Unless un —
<br /> Agreement is made or applicable Iaw requires intcrest to be paid, Lerrler shall not be required to pay Borrower any interest or
<br /> ��::,�,:�>:;;�.,;�•' eamiogs on the Funds. Horrower and I.ender may ag►ee in wriung,however,that interest shall be paid on the Funds. Lender i
<br /> ` . � ,. #J+ shall give ro Borrower, without charge,an annual nccounting of the Funds,showing credits and debits to the Funds and tl�e -
<br /> -- ° _- purpose for whwh euch debii tu Uic Fuud�was oiwle. Tt►a FLnd�are pledge.i as additional secoriiy for ail sams secured by -
<br /> • � •• this Security Instrument.
<br /> If the Funds held by L.ender exceed the amounts permitted to be held by applicnble law, Lender shell accaunt to
<br /> �� Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of Ihe Funds held by
<br /> ;,;, " Lender ut any time is nat sufficient to pay the Escrow Itemti when duc,Lender muy so notify Borrower in writi ng,und, in �;;;:•`
<br /> • � • such case Horrower shall pay to Lender Ihe amount necessary lo make up the de�ciency. Borrower shull make up the
<br /> deficiency in no mor�e than twelve monthly payments,at Lender's sole discrelion. """�
<br /> ° Upon pnyment in full of all sums secured by this Securiiy Instrument,Lender sBall promptly refund to Borrower any �
<br /> , ''. .. Funds held by Lender. If,under paragraph 21,L,ender shull acquire or sell the Property, Lender,prior to the ucquisi�ion or
<br /> ' • ..t, , sale of the Property,shall upply any Funds held by Lender at ttie time of acquisition or sale as a credit Against�he sums �'�,
<br /> � �� secured by Ihis Security Instrument. -
<br /> # 3. Applieation oi Paymenls. Unless applicable luw provides otherwise, all puyments received by Lender under -t
<br /> !`,: , ' paragraphs I and 2 shall be applied:first,to uny prcmpuyment chsirges due under the Note; second,to amounts payable under ����
<br /> -� ����� � . parngraph 2;third,to interest due;fourth,to principal due;und lust,to uny lale churges due under the Note. �
<br /> ,.. .. �
<br /> „ 4. ChArges; Liens. Borcower shall pay all tuxes,ussessmenu, charges, fines and imposilions attribulable to�he �Y=�
<br /> �' Praperty which muy attt+in p�ority over this Security Instrument,und leaschold pa�•ments or ground rents,if nny. Borrower �'�_�
<br />�, , `= shull pny tfrese obligations in thc rosinner provided in paragr.�ph 2,or if not puid in U�at manner,Borrower shull puy Ihem on �`
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<br /> „ time directly to Ihe person owcd payment. Borrower sh•rll promptly fumish to Lender�II no�ic�s of amounts to be paid undcr
<br /> — � � �t this parogrnph. If Borrower mnkex these puyments directly, Bormwer shull promptly fumish to Lender receipts evidencing __ -
<br /> •. . the puymenls. �=�:
<br /> " . Borrower shall prompdy discharge nny lien which has priori�y over diis Security Instrument unless Borrower:(a)ugrees �'�'
<br /> �, • " in writing to the payment of the obligation securcd by the lien in u munner acceptuble to Lender;(b)contests in good faith the ���
<br /> � •� lien by,or defends agninst enforcement of the lien in,legAl pruccedinga which in the Lender's opinion operute to prevent the -
<br /> ' � enforcement of the lien;or(c)secures from the holder of the lien un ngrcement satisfac�ory to l.ender subordinuting the lien
<br />, T ,, to this Security Inswment. !f Lender detemiines thul uny ps�d of the Property is subject to u licn which may Altain priority �_� ,
<br /> • :�s over this Secudty Tnstrument,Lender may give Borrower a noticc idemifyin6 the lien. Borrower shall sutisfy�he lien or�ake ��°
<br /> • s � one or more of Ihe actions set forth above wilhin 10 days of the�iving of notice.
<br /> ,r. 5. Hazard or Property Insurance. Borrowcr shull kccp Ihc improve�nents nuw cxisting or herenflererccled on the
<br /> „ Property insured aguinst los+by�re,har.urds included within thr term"extendcJ coveragr"and�ny othcr hu-r.ard�,including
<br /> " floods or flooding, for which Lender reyuircs insurance. This insurunce shull bc muintuined in �he nmounts c�d for the
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