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<br /> - TOCiETHBR WITH u111he fmprovements now or hereAf�crected on the.prop�rty�su�3�ll e��erances,
<br /> anC flxturec now or hereafter a part of the property. All repixements and additIons shall �Ico ba covered by thia Savrity
<br /> .�'f°= In�trumen� All of the foregoing ls referad to in this Security Tnswmenc as thc"Prc►perty."
<br /> �- , SORROWER COVENANTS tha4 Boirower is lawfully sei:ed of the estate hereby cunveyed and hea the dght to grant
<br /> and convey the Property and that thc Property is unencumberod,except for encumt►runces af record. Borrower wemruc and
<br /> � -- "----= _ wfll defend generally the tide w the i'roperty a,�ainst all claims and demands.subject tn uny encumbruna:s uf record.
<br /> "f 'fHIS SSCUIt1TY lNSTRUMENT combines uniform covenants for netional use and non-uniform covenants wi�h
<br /> � limited vaziatione by jurlsdiction w conatitute a uniform secudty instevment covering rcal property.
<br /> UNIFORM COVENANI'S. Bnrrower and Lender covenant and egrex as follows:
<br /> -_ _ �.� 1. Paymeat ot Priaciprl su�d Intere�t;Prepoymeut nod Lpte Cbar�ea. Borrower shull pramptiy pay when due tha
<br /> ��'__ _ pdncl�of and intereat on the debt evidenced by the Note and any prepayment and lare charges due under the Note.
<br /> _� Flunds fur'Ibxes and Iasurance. Subjxt ro appltceble lew or to a written walver by l.ender,Borrower shall pay to
<br /> _________.______ Lendor on the day mon�hly payments are due under the Note,undl the Note is pafd in full,a sum("Funds")for:(a)yearly
<br /> ---- ta�es and assessments which may aUain priarity over this Security Inswment us a lien on the Property;(b)ycarly leasehold
<br /> �� payments or ground rents on the Property. If any; (c) yearly hazard or property insuraoce premiums; (d) yearly flood
<br /> insurance premiums. if any; (e) yearly mortgege insurance premiums. if any; and (�any sums payable by Borrower to
<br /> Lender, in Accordance with the provisiona of paragraph 8,jn I�eu of the payment of mortgage insurance premiums. 'Ihese
<br /> items ene called"Escrow Items." Lender may.at eny time,collect and hold FLnds ln an amount not to excced the maaimum
<br /> _- _---- amount A lender for a federally related mortgage loan may require for Bocrower`s escrow eccount under the federal Real
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<br /> -; '°�'- Estate Senlement Rocedures Acc of 1974 ns amended from time tu dme.i2 U.S.C.�26Q1 r�sry.("RESPA"),unless anoUmr -
<br /> :�� law Uwt applies to the Funds sets a leaser amount. If so,Lender may.at any time.collect and hoid Funds in an amou�t not to
<br /> .� ° ,� .�,; '_ exceed tl�e lesser amount. Lender may eslimate the amount of Funda due on the basis of current data end rcasomblc
<br /> . i�'�.��� : _ ,_,.a euimotes of expendiwres of future Escrow Items cr atherwise in accordance with Appltcable law.
<br /> � The Funds siwll be held in an institudon whase deposits ate insured by a federa! agency,instrumentality.or entity
<br /> V,�' (including L,ender,if Lender is such an institut�on)or in eny Federal Home Loan Bank. Lender shell apply the Ftinds to pay
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<br /> :. s- �•' °; .t-"� ihe Escrow Items. Lender may not charge Barower for holding and applying the Funds,annually analyzing the escrow
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<br /> ' "' • •• • '� aocount. a verifying the Escrow Items,unless Lender pays Borrower intere.gt on the Funds and appliceble law pertnits
<br /> "?' � ����y;. Lender to make such a chacge. However,Lender may requlre Borrower to pay u one•time charge for an independent real
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<br /> �'�;•�,� � • es�ate tax re m service used b Lender in conr�ection with thia loan.unless applicable law provides otherwise. Unless an
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<br /> .,�:, , k�� � agreement is made or appUcable luw requires interest to bc paid,Lender shall not be required to pay Borrower any interes[or
<br /> � ' � �r;° '�":� =� ' camings an the l�nds. Borrower and Lender may agree in writing,however.thAt interest shall be paid on the Flmds. Lender
<br /> - � shali�ive ta Borrower,without charge.an annual accounting of the Fumis.showing credits ond debits to 1he Funds and the
<br />` - •�-.� "�';"'�"''•�`''"� purpose for which each debit to the Funds was made. The PWnds are pledged es odditlonal security for all suma secw�ed by
<br /> - ��.`�:=`�- -- -�=- ' this Sccuriry InswmenG
<br /> � , .;a, � If the Funds held by l.ender exceed the amoun�s permitted to bc hcld by Applicnble law, Lender shaQ account to
<br /> , " ,' ., • � = Borrower for the excess Funds in accordance with�he requirements of applicoble lnw. If the amount of�he Funds held by
<br /> �� a'�'��""' � ' Lender at eny time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,und. in
<br /> �,. . such case BoROwer shall pay to Lender the amount necessary to make up the deficiency. Bomower shall make up Yhe
<br /> � "�'+ �� deficiency in no more than twelve monthly payments,at Lender's sole discretion.
<br /> ,t� •.r�--- � �� �� Upon payment in full of all sums secured by this Security Instrument,Lender shell promptly refund to Borrower any
<br /> ` - ° „� FLnds held by Lender. If,under paragraph 21,Lender shull acquire or sell the Property,Lendcr,prior to the acyuisitiw�ur -
<br /> .` � •�� j..� ;�, -� sale of the Pivperty,shall apply any Funds held by l.ender at the tii�of ecquisidon or sale as a credit against the sums
<br /> �t o ?dF secured by this Secu�iry Inauvment.
<br /> � � � '� 3, Applicatba of P�yments. Unless applicuble luw provides otherwise,all payments received by Lender under =
<br /> /� � "'�wc:,� ��� parag�apbs t and 2 sball be applied:first,to nny prepayment chargcs due under the Note;second,to amcwnts payuble under
<br /> ���" " ,�' paragraph 2;third,to interest due;fourth,to prirrcipal due;and last,to any late charges due under the Note.
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<br /> �'"' `"'""° � "' '" 4. Cdarges; Liens. Borrower shall pny all taxes, acsessments,chnrges, fines and impositions nttributable to the
<br /> ��'" , ' '"�'► PropeAy which muy anuin priority over this Security Insuument,and leasehold payments or ground rents,if any. Borrower
<br /> • =�- ,. • shall pay these obligations in the manner provided in paragraph 2.or if not paid in that manner,Borrower shall pay them vn
<br /> .'.;,�� , „� time dir+ecUy to the person owed payment. Borrower shutl promptly f urnish to LenJer all nutices of cimounts to be paid under _
<br /> , .a this paragwph. If Bormwer m�lces these payment�directly,Borrower shall pramptly fLmish to Lender receipl�evidencing �
<br /> , • , . the paymcnts.
<br /> . � Borrower shall prompdy discharge nr.y lien which has priurity over this Security Instrument unless Borrower:(a)ugr+ees
<br /> .1�' .�•�`: � in writing W the paymcnt of thc obligation serured by the lien in a mmmer uccept�ble to Lender;(b)rontests in gc�od fsii'th the
<br /> `a, ,,�!�• � " licn by,or defends ngainst enforcement of the lien in,lcgal proceedings which in the Lender's opinion operate to�revent the -
<br /> � �� ,� {. ' cnforcement of the licn;or(e)s�•cums from thc hulder of thc lien:m agreen�ent�tisfactory to Lender subordinating the lien °'
<br /> �„{,~��'� � � to this Securiry Instrument. If Lender determines thrt uny p�ut of Ihe Pruperty i�subj��ct to a licn which may attain prioriry �
<br /> .tt�.� over this Secudty Inswment,Lender may give Borrower u nutice identifying the lien. Borrower shall satisfy the lien or toke
<br /> . ., one ormore of the urtions xt forth above within 10 days of the giving uf nutice.
<br /> ' S. Hazard or Property lnsurance. Berrowcr shall kecp thc improvemenh now rxisting ur hereafter erected on the
<br /> ,'" ^ ' ° Propeny insured siguinst loss ty fire,hazurds included within the tertn"extcnded coverage":md any other hazards,including
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<br /> flooda or flooding,for which Lemler requires insurance. This insurwn�e shrll be maintained in ttie amounts and for the
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