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<br /> T(X3E'e7�ER WI7'H oll Ihc improvements tx�w on c�r�cafter crected on tho property,und all ee�,�cemente,eppurtenances,
<br /> - aod flxturcr now or hereafter A part of�he property. All replacements and udditions sh�ll �Ico be covered by thic Security
<br /> - Inatrument. All of the foregoing is rcferred to in thie Security Instrument as the"Pmperty."
<br /> BORROWBR COVBNANTS that Borrower is lawfully seiced of the estate hcreby conveyed end has the rfght to grant
<br /> end convey the Prapaty and�het tha Ptaperty ls unencumbered.except forencumbrancea of rec.ord. Horrower warranu end ,
<br /> _ will defend generWly Ihe title to the Property e��inst all claima nnd demanda.�ubject to any encumbrances of record.
<br /> ,,r, THIS SBCURITY INSTRUMEIVI' combines uniform covenants for national use and nan•ursiform covenanta with
<br /> - limited varloNono by Jurlsdiction to constiwte a uniform sr,curity inadvment covering real property.
<br /> � UNIFORM COVENAIV'f3. Borrower and Lender covenant and agree as follows:
<br /> �-�s�� 1. Ppqmemt of PrladpAl and laterest;Prepnyment aad Lpte Chnrges. Borrower shell promptly pay when due the
<br /> - - _ principal of and intenst on the debt evidenced by the Note and any prepayment and late charga due under the Note.
<br /> — ------- 2. Funds�or 71�ces�nd insurs�ace. Subject to applicable law or to a written waiver by Lender.Borrower shall pay to
<br /> L.ender on the day monthly payrttents are due under the Note,undl t6e Note is paid tn full.a sum("FLnds")for: (a)yearly
<br /> - taxes and assessments which may attain priodry over this Sewdty Instrument as a lien on the PropeRy;(b)y�arly leasehold
<br /> -�'-�'�=3� payments or ground rents on the Property, If any; (c) yearly hazard or prapeny insurance premiums; (d) yearly flood
<br /> --� — inaurance premiums,if any; (e) yearly mortgage insurance premiums. if any; and (�any sums payable by Borrower to
<br /> �"� L,ender,in accordance with the provisions of paragraph 8, in lieu of 1he payment of mongage insurance premiums. These
<br /> �'a'°'�!'!��°'� items are celled"Escrow Items." i,ender may.at any time.collect and hold Pwnds in an amount not to exceed the maximum
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<br /> amount a lender for a federolly r+eleted mortgege loan may require for Borrower�s escrow account uncler the federel Real
<br /> =-�,�����y'-T�"':n Estate Settlement Pmcedures Act of 1974 as amended from time to time. 12 U.S.C.$2601 el seq.("RESPA"),unless another `
<br /> —°'�^^�"'�1'� law that applies to tho Pundsi setr a Icsser amount. If so,I.ender may.at any dme,coller.t and hold Funds in un tunount nat ta
<br /> - - � -.f",. exceed the lesser amount. I.ender may estimate the amount of PUndR due on tho basls of current data and reusonable
<br />� : :�,;-;:;��.,�x: estimates af expendilurcs of fulure Bscrow ItemR or otherwise M accordunce with upplicuble luw.
<br /> ,ti�vu�•�.' The FLnda ehull bc held in un inr�itutfon whoso deposita urc insurcd by a fcder�l ugcncy, fnKuumentolity, or enNty
<br /> • lincluding Lendcr,if Lcndcr Ix xuch pn ins�i�ution)or in uny Federal Homc LoAn Bunk. Lender shull upply Ihc Fu�ds ta puy
<br /> - � �� ` � k�� the F.�crow Itemq. l.ender muy not chnrge Barrawer Par halding nnd applyfng Ihe Flmda.annually anulyaing the excrow
<br /> ;..,.x��r.�•�,•, occount.or veriPying tho Fxcruw Itrms, unle+a l.ender puyv Bonowrr intcreK� un the Fundx und upplicablc luw pertni�K
<br /> ' 's+��� { �' • l.enckr ta moke�uch w cbarge. Huwever,l.coder mny reyuire Borrower lo pay a one-time churge for un independenl reul
<br /> '�, �"�si ' cstutc tax rcpurUng�crvice u�cd by LenJcr in connecti�nn wi�h Ihis loan,unlcax op licablc law provides otherwise. Unlexs un
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<br /> � � . .•�.�+ pgnxment iu madc or wppUcablc law reyuires intcres�to be paid.Lender shall oot bc reyuired to puy Barrower any Interest or __
<br /> , eamingx�n Ihe Pboda. �omawcr And L.ender may ug�ee in wrfling,however.lhat interest shall bc paid on the Fundv. Lender -
<br /> =- ah�l!glve to Barc+wer, wit�xw�chergc,nn ennue!ercounl3eg of thc A�nds,showing credN� Rn(1!iehifa��the Fimdx and the
<br /> ``��' ' '•p''��"""''''';�'"`1 purpose for which each debit to the Funds was made. The FLnds are pledge.d qR additional 4ecurity for all sums cecured by �
<br /> ., . ..�: �.,.� .�� thix Security Instrument.
<br />� � • � , ;, If the Funds held by L.ender exceed the amounts permitted to be held by applicable luw, Lender shall account to
<br />'� �_, '•• � Borrower for Uie excess Funds in accordance with Ihe requirements of applicable law. If tl�e amount of the Funds heid by
<br /> Lender at any time is not sufticient to pay the Escrow Itcros when duc.Lendcr mny so notify Borrower in writing,and, in
<br /> • �� such cese Borrower shall pay to Lender the amount necessery to rnake up che deficiency. Borrower shall make up the
<br /> . '�. deficiency in no morc than twelve monthly payments,at Lender's sole discrction.
<br /> , ' � Upon payment in full of all sums secured by�his Secudry Instrume�u, Lender shall prompUy refund to Borrower any =
<br /> ' � � Funds held by Lender. IP.under paragraph 21,Lender shall acquire or sell the Properry,Lender,prfor to the acquisi�ion or �
<br /> �� "�-'•• � ���•� sale of the Pro shall a 1 an Funds held b Lender at the time of ac uisition or sale as a credit a ainst the sums _.
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<br /> secured by this Secudty Inswment. ��
<br /> ��y .. . � : " ? 3. Applleation ot Ps�yments. Unless upplicable law provides otherwise,all payments received by Lender under �.
<br /> are rn hs 1 and 2 shall be a lied:first,to an re a ment char es due under the Note;second,to amounts a able under `
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<br /> `j,� ,%._.; : paragraph 2;third,to interest due;fourth,to principal due;and last,to ony lete charges due under the Note. �
<br /> ;� 4. CharQes; Llens. Borrower shall puy al) tnaes, assessments. charges,fines und impositions attributable to the =
<br /> ' ���J�•Y�•„'` Property which muy attain priority over this Securfty Inswment,and leasehold paymerns or ground rents,if any. Borrower _
<br /> ' ' '°"° shall a thesc obli ations in ti►e manner rovided ln ara ra h 2,or if not aid in that manner.Borcower shall a �hem on
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<br /> �` . ;•-. . time direcUy to the person owed payment. Borrower shall prompUy fumish to Lender all notices of amounts to be paid under �
<br /> � �' .. ' . this pazagraph. If Bortnwer makes these payments directly,Borrower shall promp�ly fumisB lo L.ender receipts evidencing
<br /> 'r . ' the payments. �
<br /> • • ' Borrower shall promptly dfscharge any lien which has priarily uver this Security Instrument unless Borrower:(a)agrees =
<br /> �.o � -"' d�� �� in writing to the payment of the obligaticx�secured by the lien in a manner acceptable to Lender,(b)contests in good faith the
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<br /> � M!W+�'"- . lien by,or defends against enforcement of the lien in,legul proceedings which in the Lender's opinion opernte to prevent the -
<br /> ' � '�• . '" enforcement of the lien; or(c)secures from the holder of the lien an Agreement sutisfuctory to Lender subordinating the lien -
<br /> ,.,���;, to this Securiry Instrument. If Lender determines thnt nny part of the Property is subject to a lien which may attain priority -
<br /> . � over this Security Inslrument.Lender may give Bortower n notice identifyins the lien. Borrower shall sntisfy the lien or take
<br /> ''�'�� � � one or more of the actions set forth abo�e within 10 duys of the giving of naice. =�
<br /> � 5. Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> � Property insured against loss by fire,hnzards included within the term"extended rover�ge"�nd any other hazards,including =°-
<br /> • tloods or flooding, for which I.ender requires insurance. This insurance shalt be maintained in the umounts and for U�e �
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