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<br /> _ TppE7}lEp W(TH All the improvementa now ar f�reafter erectcd on tlie property,and all casememti, uppurtenances.
<br /> = md liahues now or hereafter�part of the property. All rcplacements and additions slwli also be covered by this Security
<br /> InsWment. All cf the fongoing is refemed to in tlus SecurFty Insuument as Ihe"Ptopeny."
<br /> ;� BORROWER C'OVBN.ANTS that Borrower is lawfully seised of the estare hereby comcycd and has�hc right to grant
<br /> �nci cot�vey the Ptopaty and that the Property is w�ncumbercd,except for encumbrances of record. Bonower warronw and
<br /> ->� — _____ -- _- ___ will defend generally the dNe ro the Ptupertv against�11 clafms and dernancis,�ubject to any eiuumbrai►ces of record.
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<br /> THIS SECURITY lNSTI2UMEIVT combines unifarm covenants for rwtianal use and non-uniform coven�ua with
<br /> �, limited variadons by Jurisdiction tu conctitute a uniform security insvument covering real property.
<br /> UN�F�ORM COVENANTS. Bonower.and Lender covenant end agree us foli aws:
<br /> ��a�v.•� l. P�y1�t01 OI PrItICI�AI A11d Iplti'CSI;Prep�ymen�aad Late Char�ea. Borcower shall promptly pny when due�t�e
<br /> _�7=���},.:�-`'�� principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> ��,,,,�.�°_-��,�� Z, F�ads tor'11ucGy and lnsurance. SubJect to Applicable law or to a written walver by Lender.Bortower shall pay to
<br /> Lender on the day monthly payments arc due under thc Nou.until the Note is pald in full,a sum("Fun�s") for: (a)yearly
<br /> ?��;;�;-� �,� texes and assessments which may attain priority over this Secudty Instrument as a lien on the Property; (b1 yearly leasehold
<br /> ;�;-�`�„�,,,�,.. payments or gnwnd rents on the Property. if any: (c) Yeariy haz�rd or propeny insurance premiums;ld)yearly flood
<br /> ��,�,�>;�;;:� insurance premiums,if any: (e) yearly mongage Insucance premiums, if any; and (�any sums payable by Borrower to
<br /> Lender. in acrn�dance with the provisions of p�ragrnph 8,in lieu aF the payment of mongage insurance premiurns. These
<br /> — items are called"Escrow Items.' l.ender may.at any time.eollect and hold Funds in an amount not to exceed�he maximum
<br /> — m+`ci�� amcwnt a lender for a federally related mortgage loan may reyuire for Borrowerh escrow accaunt under the federal Real
<br /> � --�r-°- Esta►e Settlement Prnceciures Act of 1974 as art�ended from dme to time, 12 U.S.C.�2601 et seq.("RBSPA").untess another
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<br /> �y��,;�}� law that applies to the Punds sets a lesser amount. If so,Lender may.at any time.collect and hold Funds in an amount not to
<br /> - ''"`� excced che lexser amount. Lender may eslimate the wnount af Funds due on the basis of cument da� and reaconable
<br /> w,��,,�;.��j�.,�.t` estimutes of eapendituces of future E+crow lcems or otherwise in accordance with appltcable law.
<br /> '�°,,,•:°,;;• ••, � 'fhe E�nds shall be held in an institution whose deposits ure insured by a federal agcncy,instrumentulity.or entity
<br /> �'� �';�'��D">> ��:�•� (induding Lender,if Lender is such an�ns[icution)or in any Federal Home Loan Bank. Lender shall apply the Funcls to pay
<br /> '• ��` � �� the Escrow Items. Lender muy nor chargc Botrower for holding and applying �he E�nds,annually analyzing the escrow
<br /> 1 F• •`�.r"'a"°`�'��"' account,or verifying the Escrow Items, unless Lender pays Bocrower interest on the Funds und upplic�ble law pern�its
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<br /> - „�;,-.:,�,.��;., .... l.ender to make sucA a charge. However. Lender irtay require Borrower to pay a one-time charge for an independent real
<br /> - , "�;. . estate tax repwting service used by Lender in connection wilh Ihis loan,unless applicable law provides otherwise. Unless an
<br /> :',swJ,a�.;_: ..„•••�= agreement is made or epplicAble law�+equires interest to be paid.Lender shall not be required to pay Borrower any interest or
<br /> ''=•:�4•, earnings on the Funds. Barrower and Lender may agrec in writing,however,that interest shall bc paid on the Funds. Lender
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<br /> - �.�� shall give to Borrower, without charge,an annual accourtting of the FLnds,showing credits and debits to ihe Funds and the
<br /> ----=�'�y":'�.�. for ir,�hich cxh clebii to ihe�imis:YSS snadt. Tl�e H�nds are gMdge�aQ edditi!xW+l+u�curily for all r,�imc cecured by
<br />�'�- '._.. �_�� Aic�urity Insnumen[.
<br />�' � If the E�nds held by l.ender exceed the amount� pertnitted to be held by applicable law, Lender shnll account to
<br />#���� � " Borrower for the excess Funds in accordance with Ihe reyuirements of applicable law. If the amount of�he FLnds held by
<br />� Lendet at any time is not suificient to pay the Escrow Items when duc, Lender may so notify Borrower in writing,and,in
<br /> � .�. , such cuse BoROwer shall pay to Lender the wnount necessary to make up ihP iieficiency. Bomower shall msike up the
<br />' � �� �.� , _, ��� deficiency in no more than twelve monthly pnyments,ut Lender's sole discretion,
<br />� _ e Upon payment in full oi all sums secured by lhis Security Instrument, Lender shall promptly refund to Borrower uny
<br /> Fonds held by Lender. If,under paragmph 21,Lender shall acquire or sell the Property,l.ender,prior to the acquisition or
<br /> sale of the !'�upe�ty,shall apply uny FLnds held by 4ender at the time of acqu isition or sale ag a credit against the sums
<br /> ,:. "' secured by this Se.:urity Inswment.
<br /> � �V� 3. Applieatioa d Ps�yments. Unless applicabte law provides otherwise, all payments received by Lender under
<br /> �;;' � ' ' paragraphs 1 and 2 shull be applied: first,to any prepayment ch;uges due under the Note;second,to amcwnts payable under
<br /> �. ". . ""�r ,;;.;;,' " para�raph 2;third,to interest due;fourth,to principal due:ond last,to any late chs;rges due under the Note.
<br /> � . •. 4. C6ar�es; Liens. Borrower shull pay all t:uces, assessments, charges,fines and impositions attributable to the
<br /> �' :. .,....�. , Property which may attnin prioriry over�his St�curity instrument,and leasehold payments or ground rents,if any. Borrower
<br /> "o�--�° ' shall pay these obligations in the manner provided in p:iragraph 2,or if nat p:aid in that manner,Borrower sh:�ll pay them on
<br /> � =�n' w f� ' time dicectly to the person owed paymenl. Borrower sh�lt promptly fumi�h to Lender�11 notices of amounts to be paid under
<br />�t •�v . . ,
<br /> , . ; this paragruph. If Borrower makes these payments d.irectly,Borrower xhall prornptly fumish to Lender «ceipts evidencing
<br /> - �t�� �I�Yments.
<br /> � .. Bortower shall prompdy discharge any lien which has priority over this Security instrument unless Bortower:(a)ugree�
<br /> � � in writing to the payment of the obligu�ion secured by thr lien in a manner ucceptable to Lender;(b)rontesls in good fstith the
<br /> � -.--�- lien by.a defends against enforcement of the lien in,legal proc��dings which in the Lender 4 opinivn opemte to prevent the
<br /> � ' ` -• ° �� enfacement of the lien;or(c1 secures from the holder of the lien an ag�eement satisfacrory to Lender subordinating the lien
<br /> •�:� to this Security Instrument. If Lendcr Jetermines that uny p:ut of the Property iti subject to a licn whict�muy attain priority
<br /> �''. �,��,�� �''' over this Security Instrument,Lender may give Borrower u nutice identifying the licn. Norrower shall satisfy �he lien or u+ke
<br /> • one or more of the nctions set fonh abovc within lU days of the giving of notice.
<br /> S. Hazard or Property Insurance. Borrowcr shall k�rp th�improvcmenls nuw cxisting on c�rca(ICr crectcd on t{ie
<br /> 9. �;..: . Property insured against loss by fire, huurds included within the tertn"extended ��verage'and any other haz�ud�,including
<br /> - i��� tloods or tlooding.for which Lender requims in�urance. This insurance shull be muintained in the smounts auui for the
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