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<br /> TO(iBfHER WITH all the improvementc now ar hemaAer crectod on thc propcny,und aN eascmenta.appunenances.
<br /> uid flxturet now or hereaftcr A part of tho pmpeny. All repiscemenu and addilions shall wlao 6e covcrcd by thic Security
<br /> Ituwment. All of the forogoing is refcrred to in this Secudry Inswment as thc"Property'
<br /> � � BORROWER COVENANTS that Borrowcr is Iswfully seiced of thc estato ficreby conveyed and has the dQht to grnnt
<br /> - _ an�convey�he Property and that tho Property is u�encumbered,exccpt for encumbrances of recotd. Borrower wurtants ancl
<br /> '.�,_ � , _.�
<br /> �� - -- - "� wiU defend generally the dde to the PropeAy aga�nst�11 claims and demondv.subject W uny encumbrances of ru:urd.
<br /> R= THIS SECURITY INSTRUMENT combines uniform covenAnts for na�(onal use and non-unifomt covenante wlth
<br /> �� limited varlations by jurlsdictiun to constitute a uniform secudty inatrument covering real properry.
<br /> UNIFORM COVENANTS. Borrower and Lender covenont end agrec as follows:
<br /> — i. Payment ot PirincipAl aad Interest;Prepayment Aad Ls�te C6wr�w. Bortower shall promptly pay when due�he
<br /> - ---- = prutclpal of and interest on the debt evidenced by the Note and eny prcpayment and late charges due under the Nae.
<br /> - - --_----_ Z. �nds Por 7hxes s�ad IasurAnce. Subject to applicable lew or to a written waiver by Lender,Borrower shall puy to
<br /> � Lender on the day monlhly payments arc due under Ihe Note,until ihe Note is p�d in full, A sum("Funcis")for.(a)yearly
<br /> -----= taaes and�ssessments which may attain pdority over thia Securiry insdvment as u Ikn on the Propeny; (b)yeurly leaschold
<br /> ----��-�:�ss�a�mo payments or ground rents on �he Property. if any; (c) yearly hazard or property ineurance premiuma; (d) yearly tlood
<br /> insuranix premiums. if any;(e)yearly mortgage insurance premiuma, if any; and(n any sums payable by 8orrower to
<br /> ��_ _ Lender,in accordance wfth the provlsions of paragraph 8, in Ileu of the payment of monguge Msurnnce premlums. These
<br /> �-°-- items are called"Escrow items." [.ender may.at eny time.collect snd hold Punds in en amonnt not to exceed the maximum
<br /> ----=���sg'� amount a lender for a federally reloted moRgage loan may require for Borrower�escrow account under the federal Real
<br /> - ---�-:•�+��-�-e �state Settlement Nrocedures Act of 1974 as emended fmm time to time. 12 U.S.C.�2601 er seq.("R&SPA").unless a�other
<br /> -- - ° l�w that applies to�he Plmds sets a leaser amount. If so.l.ender mey.at any time,collect nnd hold FLnds in nr�umount not to
<br /> ----------- exceed the lesaer amount. Lender may estimate 1he amount of FUnds due on the basis of cu�rent data and rcasonable
<br /> _•��'..:�,�w:�--�., ,-,� estlmates of expenditures of future Escrow Items or athenvise in accotdance with applicable law.
<br /> --�i-;=� i�'°`' J The FLnds stiell be held in an institut�on whose deposits are insured by a federal agency, insdumentality.or entity
<br /> '�'°• �.� (including Lender,if Lender is such en fnstitutian)or in any Federal Home Loan Bank. Lender shall apply the Funda to pay
<br /> _�?i': • ::x ._ .
<br /> - tt�.e Escrow Ilems. Lender may not charge Borrower for holding and applying the Fu�ds, wmually analyzing the escrow
<br /> �Y--v-- account,or verifying the Escrow Items, unless Gender pays Borrower interest on the Funds md upplicable law permits
<br />_i'�'�`''���� Lender to make such a charge. However,I.ender may require Borrower to pay a one-time cMuge for an independeot real
<br /> :��, ' estate tax t+eporting service used by l.ender fn connection wi�h this loan,unless applicuble law provides otherwise. Unless an
<br /> - - .�. ;�..•.'i! agreement ie made or Applicable Inw requires interest to be paid.l.endcr sholl not be r�equired to p�y Borrower eny interest or
<br /> — �,�! ' ''` ' eamfngs on Ihe Funds. Borrower and L.ender mey agree in wdting,however.thet interest shall be paid on 1he FLnds. Lender
<br /> ahall�tive to Borrower,without charge.an annusl accounting of the FLnds,showing credils and debi�s to Ihe Funds und the
<br /> ���." pu�pose for which each debit to the FLnds was mude. The FLnds are pledged as additional secunty tor all sums securcd by
<br /> '�''°` ' "' this Security Instrument.
<br /> _= ., • If Ute Funds held by Lender exceed the amounts permined to be held by applicable law. Lender shall accoun[ to
<br /> --� ,'' • �'""` Borrower far the excess Funds in accordance wlth the requirements of applicable law. If the amount of the Funds held by
<br /> ' � " Lender at any time is not sufficient to pay the Escrow Items when due.I.ender may so notlfy Borrower in writing,end,in
<br /> "�' ����"�.� � ���'}��`", such case Horrower shell pay to Lender the amount necessary to make up the deficiency. 8orrower shull moke up 1he
<br />_�.�:�` �' 'L �';� � deGciency in no mor�e than twelve monthly payments,at Lender�sole discretion.
<br /> ��, i + r+ Upon payment in full of all sums secured by this Securiry Instrument,Lender shall promply refund to Borrower any
<br /> _� .�:���'k• Funds held by Lender. If,under parag�aph 21,Lender shall acquire or sell the Property.Lender,prior to 1he acquisition or
<br /> �,r�,�ew;�.•�_•>.-�,�:.R sale of the Property, sh�ll apply any Funds held by Lender at the time of acquisition or sale as a credit agnlnst the sums
<br /> � ;,;� . � �' secured by this Securfry Inswment.
<br /> `;''„ 3. Applkatton oP Aaymenta Unless applicnble IAw provides otherwise, all payments received by Lender under
<br /> -- ,:,:�:ti�.•:. ':�r�' paragraphs 1 a�d 2 shall be applied:first,to any prepayment charges due under the Note;second,tu emounts payable under
<br /> u'" ' paragraph 2;third.to interest due;fourth,to principal due;and last,to any late charges due under�he Note.
<br /> "M`�""'��'" a�, 4. CharQes; Liens. Borrowcr shall pay all taxes, assessments, charges, �nes and impositions wtributable to �he
<br />_-"�'�""�'•�` '� � Pro which ma s►ttain riori over this Secur�ty Instrument,and leusehold payments or ground rents,if uny. Borrower
<br /> - � � ,., Per�Y Y P �Y
<br /> ___ ,t� shall pay these obligations in thc manner provided in paragraph 2,or if not paid in that manner.Borrower shall pay them on
<br /> -- ',,'�"•L`` � time directly to the person owed payment. Borrower shnll promptly fumish to Lender all notices of amounls to be puid under
<br />-`� ^ o •`••y �•• �e paregla�h. If Borrower makes these payments directly,Borrower sh�ll promptly furniszh to Lender receipts evfdencing
<br /> "' PaYme
<br /> Borrower shull promptly discharge any lien which has priority over this Security Instrument unless Borrower:(u)agrees
<br /> ! � � •�•=::. "' in writin to the a ment of the obli ation secured b the lien in s�manner ncce tuble to Lender.(b)contests in ood f�th the -
<br />-:� ;=''" , 8 P Y B Y P 8
<br /> '���••"*...w+•t�t � � lien by.or defends against enforcement of the lien in,legul proceedings which in the Lender's opinion opernte to prevent the
<br /> �• enforeement of the lien;or(c)secures from the holder of the lien nn ogreement sntisfactory to Lrnder subordinuting the lien
<br />�' � to this Serurity Inswment. IF Lender determines thut�ny purt of the Property is subject to a lien which may att�in prioriry
<br /> �:"' '� .. over this Security Inswmeot,Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take
<br /> ��f��' one or more of the actions set forth above within 10 duys of the giving of notice.
<br /> �� . �`'',.;„: S. Hazard or Properfy Insurance. Borrower shall keep the improvements now ezisting or heres�fter erected an the
<br /> r�• . ..: "' ° Property insured against loss by fire,hnzards included wilhin the tenn"extended covemge"and any aher haznrds,including °
<br /> � floods or flooding,for which Lender requires insurance. This insurnnce shull be muintained in the amounts and for the
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