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<br /> - — '1'0(3S77iElt WlTH dl Ibe lmprovemems now or horeaiter ercctai cm tha property.and aU easement4.appurtenances,
<br /> = and fixnu+ea now or hercaRer�pwt af thc propeny. All replacements ond Addilions shpll also be covcrcd by thi�Secudty
<br /> Inurument. AU af the foregoing is referred to in�hie Securiry Instrument as the"Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seised of thc cstaw hereby conveycd and hos thc right to grunt
<br /> ��y amd cdnvey the Property and ihwt the Property is unencumbered.except for encumbrances of record. Barrower wartant�artd
<br /> will defend gencrally 1ho ddc to the Properry ugainst All clulms And demands,subJect to uny encumhrAnce,of rccord, _
<br /> ' TNIS SECURITY lNSTRUMENT combines uniform covenants for nationul use und non-uniform covenonta with
<br /> - ° limited varladons by ju�isdiction to conatitute a uniform cecuriry insuument cavering real propeRy.
<br /> 1JN[FOItM COVENANTS. Borrower end Lendcr covenant and agnec as follows:
<br /> —� 1. Pnymeat of Princip9l aad Iaterest;P�epayment and Late Charges. Borrower shnll pmmptly pay when due thc
<br /> :�'_���� piinei of und interest on the debt evldenced by the Note and any prepayment and IAte charges due under 1he Notn.
<br /> -- - - " � �nds for 7bxes aad Insuraace. SubJect to Appllcublc l�w or to a wdnen waiver by Lcnder,Borrawer shall pay to �
<br /> —'��."�u�, Lender on the day monthly payments are due under tha Note.until the Nate is ps►id in full,a sum("Funds")for:(a)yesrly
<br /> �d. :`:.;"'� taxes and assessments which mny attain pdority over this Securiry Insdvmmt as a Nen on the Property:(b)yearly leasehold
<br /> '�'�"�� ' a ents or und rents on the Pm rt if an (c) yearl hazerd or rt lnsurance remlums; (d) yearl flood
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<br /> --�z�--�.� insurance premiums,if eny: (e) yesirly mongage insunnce p emiums, if api�y��,arid(� any suma payaMe by Bortower to
<br /> T�y . , . Lender,in accordence with the�pmvieions of paraptraph 8.in lieu of the payment of mortgage insuranco premiums. These
<br /> — � + 3' items arc called"Bscrow Items. Lender may.at any time.collect and hold Punda in an a�nount not ro eaceed the maximum
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<br /> ���i�°�'�� ,• � - amount a lender for a federally related mortgage lonn muy require for Borrower's escrow account under tha federal Real
<br /> -- �� ��-�,�;,. EstAte Setdement Pracedures Act of 1974 as amended from dme to time, 12 U.S.C.�26(11 P�.eP�.("RFSPA"),unles.c another =
<br /> '—'�����.;�'e ��• �� ;;��''' law that applies to the Pl�nds sets a lesser amount. !f so,Lender may.at any time,collect and hold Funds in an amount not to
<br /> __ .¢" �• =�-- - � sy`•'+ exceed the lesser amount. Lender may estimate the arnount of FLnds due on the basis of current data and rcssonwble
<br /> _ -����`=••� � �� es�maks of expenditures of future Escrow Items or othervvise in accordance with applicable law.
<br /> � The FLnds ahall be held in an lnstitution whose deposits are insured by a federal agency, Instrumenta8ty,or entity _
<br /> � � `''' . (�ncluding Lender,if Lender is such an institution)u� ir�any Federal Home Loan Bank. Lender shall apply the Funds to pay
<br /> •-',� ,�;,: � - the Escrow Items. Lender mey not chsuge Borrower for holding and applying the Funds,annuully analyzing the escrow
<br /> '_i", ,,:�.,�;��;';_'�_,� �. accoum,or verifying the 8scrow Items. unless L.ender pays Borrower Interest on the FLnds and applicable law pertnits
<br /> • ;,� tt'� •� Lrnder to make such a charge, However,Lender may require Borrower to pay a one-time charge for an jndependent real
<br /> _'� �'-�:'°'''' '. esiete tuc reporting service used by L.ender in connection wilh this ban,unless applicable law provides otherwise. Unless en
<br /> " �"'."�-'- '� � " agreement ia made or applicahle law requires interest to be paid,Lender shall not be required to pay Borrnwer any interest or
<br /> ;�� `�..!�,. :, ... .x eamings on the Wnds. Borruwer and L.ender mny agree in wriUng,however,thut interest shall be paid on the Flmds. l.ender
<br /> -�I��::�..�•�•� ,,,q,� stiall give to Bo�rower,without charge.an annual accounting of the Funds,showing credits and debits to the Funds and the
<br /> --_— �:�.��,-. � —., _- purpose tor which each debit to the Funds was made. 'i'iin bLnJ�a+'a pl�igc�i es additionai security Fo:all soms secured by
<br /> ° ° this Securiry Instrument.
<br /> ' . If the Funds held by l.ender exceed►he amounts permitted to be held by applicuble luw. Lender shall account to
<br />�• � � Borrower for the excess Punds in accordance wilh the requiremenls of appHcable law. If the umount of the Funds held by
<br /> � • l.rnder at any time is not sufficient to puy the Escrow Items when due,Lender may so notify Bortower in writing,and. in
<br /> •�.: _ �• such cese Borrower shull pay to Lender the amount necessary to make up the deficiency. Borrower shall make up tho
<br /> "`5 r � + • �'r deticicncy in no more thnn twelve monthly paymcnts.at Lender's sole discretion.
<br /> -- .. . Upun payment in full of all sums secured by this Security Inswment,Lender shali prompdy refund to Borrower any
<br />__ Funds held by Lender. If,under parugraph 21,Lender shAll ucqui�or sell the Pmperty,Lender,prior to the acyuisition or
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