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<br /> ; � and tixturea now or homaftcr a part of Ihe propecty. All rcplacements and additiong shall sdso be covered by thia Securlly
<br /> ��• •� Instrument. All of the foregofng ia i+efe�red to in this Secudty Instrumcnt as the"PiropeAy."
<br /> 80RROWER COVf3NANTS that Borrower is luwfully seised of the es�etc hereby convcyed and has�he dght to gmnt
<br /> and comey the Propeny and Ihat the Propehy is unencumbened,except for encumbrances of record. Burrower wamnts w�d
<br /> wlll defend generwlly tha titic to the PropeAy��Inst all claims and denwnds.subject to any em�umbmn��e�uf're�orJ. °
<br /> THIS SECURl1fY 1NSTRUM8N7'combines unifbm� covenanls for national use and non•unifam covenants wilh
<br /> . `'•; ` limited variations by ju�isdic�ian to constituW a unifotm security instrument covering real property.
<br /> - UNIFORM COVBNANTS. Borrower and Lender covenant and agree as follows:
<br /> �«�qp�y�-q.• 1. Plnyment of Princtpal and Interest;Prepayment Aad L�te Chwt�ges. Borrawer shall promptly pay when due�he
<br /> � ` • principal of and intenest on the debt evf�7enced by the Note and any prepayment and late charges due under the Note.
<br /> °v�°"•""'-'°"'�'"'"` 2. Ftiods tor 71�xes t►ad Insumnce. Subjcct to applicAble law or to A written wuiver by Lender.8oaower shall pay to
<br /> � •:- . ... .
<br /> ��L`�� l.ender on the day monlhly payments arc due under 1he Note.untll the Note is paid in full.n sum("Funds") for:(A)yeurly
<br /> -----------��. - taxes aqa assessments which may attain priority over this 5ecuriry Ins[rumen[as a iien on the Property;lb)yrarly ieu+�ehui� �
<br /> "'°"`--�:.� nts or und t+ents on ihe Pro t , if an ; (c) earl hS+zard or rt inaurance remiums; (d) earl flaod
<br /> PaY� Bro P�Y Y Y Y D� Y P Y Y
<br /> - _ ,°`�� insurance pnmiums, if any;(e) yearly mortguge fnsurance premiums, If any; and(� any sums payuble by Borrower lo
<br /> �_�'����a Lender.in accordance with the provisions of paragrnph 8,in lieu of thep�yment of mortguge insurance premiums. These
<br /> �—� ,�, �, items ar�e calied"Escrow Items." I.ender may.at any time,collect and hold Funds in an umount not to exceed the maximum
<br /> •�� '"' �'�-' amount a lender for a federally related mongage loan may requine for Barcower's escrow account under the federnl Real
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<br /> �'`- -• °+..+. Eswte Settlement Procedures Act of 1974 as amended from time to time.12�.S.(:.$2601 et seq.("RESPA"),unless Another °
<br />- s r•� :•��-�• Iaw that applies to 1he Fu�ds sets a lesser omount. If so,Lende�may.at any time.collect and hold hLnds in on amount not to
<br /> �'� �� ' exceed the lesser amou�t. Lender may estimate the wnount of F�nds due on the t+asis of curtent duta and reasonable
<br />. - • ° ¢ esdmates of expenditures of futuc+e Escrow ltems or otherwise in accordance with applicable law.
<br />, The Funds shall be held in an i�s�ilution whosc deposits are insured by a federnl agency. inswmentaliry. or enlity
<br /> ;;,, (mcluding L.ender,it Lender is such an lnslitution)ar in any Fedeml Home Loan Bank. Lender shnll apply the hLnds ta pay
<br /> }is;: :•. ; , �*.. �he Escrow Items. Lender may not charge Bortower for halding and applying the Funds, annually analyzing the escrow
<br /> , , �,� account, or verifying the Escrow ltems,unless Lender pays Borcower interest on the Flmds and applicable law permits
<br /> ' ��' " Lender to make such a charge. However,Lender may require Borrower to pay a one-time charge for an independent real
<br /> b ' � �'`'� estate taz reporting service used by Lender in ronnection wi�h this loan.unless applicable law provides othenvise. Unless un
<br /> . �,:.,.... . . . ��•�=' �' agreemcnt is made ar applicable law requires interes;to be paid,Lender shall not be reyuired to pay Borrower s�ny in[erest or
<br />� �' � ' °�°' �• eamings on the Funds. Borrower and Lender may agree in writing,however,that interest shall be paid on the Funds. Lender
<br /> _____ ,_�:����•-.� +.-.��_ shall give to Borrower,wlthout charge,an annual accounting of the FLnds,showinR credits and debits to the FLnds and the
<br /> . n. "�� purpose for which each debit to the Flmds was made. The Funds are pledged us addition�l security for ull sums secured by
<br /> this Security Instrument. =•�
<br /> " � If the FLnds held by Lender eaceEd the umounts permitted to be held by �pplicable luw. Lender sh�ll account to
<br />, Borrower for the excess Funds in nccordance with the requirements of applicable law. If the umount of the Funds held by
<br /> Lender at any time is not suificient to pay the 8scrow Items when due,Lender muy so notify Borrawer in writing.and,in
<br /> . f ��� , such cuse Botrower shall pay to Lender the umount necessury lo make up the de6ciency. Bom�wer shall make up the
<br /> . deficiency in no more than twelve monthly payments,ut Lender's sole discretion. �
<br /> � �� � Upon payment in full of ull sums secured by this Security Inswmcnt,Lender shaU pmmpUy refund to Borrower nny -
<br /> Funds held by Lender. If,under paragrnph 21,Lender shall acquir+e or sell the Property,Lender.priur to�he acyuisition or �
<br /> +�'� • • • sale of the Property. shall apply ony Funds held by Lender�.t the lime of ucquisition or sale as u credit s+gainst tt►e sums
<br /> c ,,,,,,,: secwed by this Security Insdument.
<br /> : --, ,. .� ., . 3. Appticatbn oP Payments. Unless applicuble luw provides dherwise. all payments received by Lender under E
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<br /> ��• �• ,��;, paragraphs 1 and 2 shall be applied:Grst,to any prepayment ch;uges due under the Note:second,to 0 ounts payuble under -
<br /> °�; � paragraph 2;third,to interest due;founh,to pnncipal due;ond lusl,to any late ch:uges due under the N e
<br /> ° •` A. Charges; Liens. Borrower shall pay ull taxes,ussessments,charges, fines ond impositions �nributable to the
<br /> �� .�. PropeRy whlch muy Attain pdority over this Security Instrument,and leasehold payments or ground rents,if uny. Borrower
<br /> 1 : - " sh�ll puy these obligations in the manner provided in par.�gmph 2,or if not paid in that msmner,Borrower shall pay them on
<br /> {� ' • dme direcdy�o the penon owed payment. Borrower shali promptly fumish to Lcnder ull notices of umounts�o be paid under _
<br /> , this paragraph. If Borrower makes these payments directly,Borrower shall prompdy tumish to Lender receipts evidencing
<br /> the payments. -
<br /> �� �� Horrower shall prompdy dischurgc any licn whirh has priority uvcr�his Security Instrument unless Bortower:(a)agrees
<br /> in writing to the payment of the obligation xecurNd by the li�n in•r m:mn�r acceptable w Lender,(b)contests in good fvth the
<br /> � ���}~�� �� , lien by,or defends aguinst enforcement of the lien in,lrgul pr�eecling. which in the Lender's opiniun operate to prrvent the
<br /> ' � enforcement of the lien;or(cl secures from the holder of tlnr lien un aFreement wtisfurtury to Lender subordinating the licn
<br /> . �°�'� to thls Securily Inswment. If Lender determines thut•rny part of the Prop�:ny ix xubject to a lien which mAy uUain priority �
<br /> ; ��',�-�. __ " o- over this Security Instrument.Lender muy give Sorrower a notice idr.mifying the lien. Borrower shall satisfy the lien or take
<br /> one or more of the uctions set forth above within 10 duys uf ihc giving of notice.
<br /> „ • , ,. S. Haaard or Property losurance. Borrower.hall k�ep the improvements now exis[ing ur hemafter crected on the =
<br /> � Property insured Aguinst loss by tire,haz;uds inrluded within the term"extended roverage"and any other hacunis,including -
<br /> floods or tlooding, for which Lender requires insurunre. This insurrnce shall be maintuined in the omounts und for the -
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