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<br /> � � � �uoenances.and � -
<br /> • ' Tp�rEt'II�SRR WTTH aU the imptovemenzs now or hereafter e�ected on the propeity,and aIl easemea�ts,aPP _ . � �.
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<br /> . , � � fvcwres now ar heaeaft�a pan aP tLe pmpatY•All replacements and additions shall aLso be covesed by this Security Ia�umen� . . . :
<br /> . , � Ali of tAe foregoiag is refeaed w in this Securi►Y Instnvmeat as the"R'opeatY•" � ' •
<br /> ' � BORROWER COVfiNAN'fS that Bormwer is lawfully seised of the estate heceby convcyed and I�s the right tfl gcant and
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<br /> � convey the Property and that 1he Propaty is unencumbcacd.excePt foz encumbr�ces of record. Bo:rowea wanants and w�7t � ��.__ -�.yi...�t� --�.�::
<br /> . � � defmd geoerally the titte m the ProPertY aSains�all ctffims and demsu�ds.subjecs w any encumbrances of rewrd. � } .
<br /> � 'i1•IIS SECUR1T1l INSTRUMENT combincs imifotm ooveaants for aational uss and noa-uniform covenants wi[h limited 4
<br /> '. f vaziaiions by jurisdiction to constiwte a unifosm seaaitY inso�ument covering real propertY• s ��' `
<br /> � ' -t UPIII�ORM COVENAN'IS.Boirowet aad L�dear covenant an�agcee as foUows . ,, ..`. :� .r-
<br /> ' 1.Payment ot Principal and Interest;Pr�ayrteent and Late Charges. Bormwec shall prompUY PaY when due the �. , :� .
<br /> � . - � � principal of and intraesc on the debt evidcuced by the Note and anY P�Y��t�����due under the Note. . '. ,�
<br /> ------ 2.Faads Por Taxes and Insurenae. Snb�ecc tn applicable law or w a wriuen waivea by Lender.Borrower shall paY tn -. -- ----
<br /> '� l.ender on the day montWy payments aie due under the Note,until the Nore is paid in ful1,a sum("Funds")for.(a)YeulY taxes . . . .
<br /> - and asscssu►euts which may attain priority over thig Security Insuument as a liea on the Property;(b)Year1Y Zeasehold paymeats .
<br /> ` ; ar gtound reats on the P r o p e�t y,if a�►Y.(c)YeariY��or pmpeny insurauce premiums:(�Year17+iIood insurance pr�ums.�f , : r -
<br /> . : a n Y(e)Y�I Y�n o r�a 8e insur�ce pmmiums.if any;and(�anY snms PaYable by Borrower t�Lende�,in asxordance with the _ - -r..
<br />-- ' _ _ . '� pmvisions of Qaragraph 8,ia tieu of the payment of mortgage ms�ance premiums.1 hese i L e m s a r e c a ll e d "F s c r o w I t e m s.° . , . .. .
<br /> Lead�may,at any timne.coIIect and hold Funds in aa ainount noi ta excxed the maximum amount a tender for a fedecaIIy relaled :;;., `.. '•,.
<br /> ' � mortgage toan may requse for Boimwea's esscmw aocount undea the fed�al Real Esmte Setuemeat Procedurc4 Act of 1974 as �, S,�..s::�-=".
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<br /> . � amended from time to tnne,l2 US.G Secxion 26Q1 et seq. ("RESpA'�,unless another law that appliss W the Funds sets a less�r . .. .
<br /> - amo�nu. If so.Le�►d�may,a►aaY time,coIIe�t and hold Fnuds in an amrnmt not w exceed the lessc�amounG Lendea may �"��.
<br /> . �� e�timaie the amount of F�mds dae oa the basis of caurent data and reasonable estimates of expenditures of fuUue Escrow Items or . _ ..��`.�`-=
<br /> othe�wise in accordance with aPPlicxble iaw. • .. .�.:�`_���
<br /> • 'I h e F i mds sLali be held ia an�n whose depos�its are m.svred by a federal age�cy,instmmentality,or entitY Cmclnding .=:�;r-� ';�j
<br /> ' • � ., { 1.euder,if I.ender is sucb an iastiwtion)or in�y Federal Home Loan Bank.Leat d e r s h a ll app ly t he F a n d s t o p a y t h e F s c m w ; ..,.:;:.�;4:;.-
<br /> ` � • IEems.I,end�may noi cbatg�e Borrowa for 6o2ding and apptying the Funds.acmually analYzing the escrow account,or veiifying �,�,' �,::.� :
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<br /> the Fscrow Itcros.unless Lemdea pays Barrower inteiest on the Funds and applicable law p�Lendear tn make such a ch�ge. . �..=:�':'�,._,:
<br /> ,. �' However,Leuda may require Bomnwer w pay a an�timne charge for an independeat real estaie tax repar�nS sesvice used by , ��:•�`'`.;�;--
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<br /> I.endea in conneaion with this toan,m�less ag�licable 1aw provides odiesavisc.Unless an agreement is made or applieable law �< �;-�;.Y�.�-;"
<br /> � . :,_:t �l�s inteaest to be paid,I.ender shall not be nqunred to pay Boirower any interest or eamings on the Fands.Boaower and :1;,�;:�,:,, :�
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<br /> ' � � ' � I.endca may agree in writing,howevca,tLat mterest straii be paid on tlie Funds.L�eader shall give w Bomowe.r,without c6arge,an �,,. ' t,�
<br /> annual accaunting of the Fnnds.shoa►m8 credits and debits to the F�mds and the p�apose for w6ich eact►debit w the Fimds was �;�
<br /> , � � made.The Fands are pledged as additional securiry for all sums sec�ued by this Seciuity Insuument . � =y�:��
<br /> . . � � I f t he F u n d s h e t d b y L e n d e a e x c e e d t h e a m o u n t s p e m�i u e d t o b e h e l d b y a p plisable law,Lendea shall account w Bormw�for . .:;s:�r':*;=;:;�
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<br /> ' tha excess Fuads ro accordance with the requiremenis of applicab2e law.If the anwuni of the Funds hedd by Lender at any time is �;�:�;_:-
<br /> i� • � noi suff ae�t w pay the Escrow Itsms when due,Leadea may so aotify Bomower in writmg,aztd,in such case Horrowa shall paY •.:;:_,,�,.:�:-
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<br /> -- . . � ' w Leacter the amount necessary to make up the deHciency. Borrow�shall make up the deficiency in no more than twelve .��,:�,...<_.::•-;i;
<br /> :�:. � �+�1Y P$Yments.�t Lenda's sole discreaan. �°:
<br /> .- - ',: Upaa payment m fuU of all s�nns secured by diis Secuiiq►Insuwnent,I.endea sdall promptiy refund tn BnsmQ�er any F�mds -. --`�.,,.
<br /> . :� "< hetd by Lea►dex.If,imder PainSraph 21,Lender sdall acclase or sell the Property.Lender,prioz to the ar,quisition oi sale of the ;. �, .
<br /> . pro�ny,shail apply any Funds held by Lend�at t�e time of acquisiuon or sa2e as a cr�it against tbe sums sec�ued by this �� •
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<br /> . - $CCI]I1lJi IIISII01I1e11L � ?;: ;.}
<br /> 3.Application of Paqments. Un�ess aPPlicable faw provides othera+ise,all payments received by La►der under parageaphs . :._�.6::.`,•
<br /> • ' 1 and 2 shaU be applie.d:fust.tn any PrePayment charges due unda the Note;second,to amounts payabte under pafag�aph 2; ;-. ,;.�`�,s,:r.�
<br /> . , . �� third.to interest due;fowt6,to principal dae:and last.to any tatE charges due under the Note. � ,, ,-_
<br /> 4.Charges,L�ens. Boaowea shall pay all taaes.assessments.charges.fines and impositions at�'butable to the Propeny �..�,•.. . �;=.
<br /> which may aaaia yriority ova this Security Insuument,and leasehold payments or gronnd rents,if any.Borrower shail pay these . :•.,_.._ �
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<br /> obbgarions iu the manner provided in pata�aph 2,or if not paid in thai manner,Borrower shall pay them on time d'uectly to the ,
<br /> � � pe�son owed paym:nt Bonower shaU promptly fumish to Lender all notices of amounts w be paid nnder this paiag�aph. If - ; . :
<br /> . Borrower malces these payme,nts directly,Borraw�shall prompdy fumish to Lendea receipts evidencing the payment�.
<br /> Bomnwer shall promptly discharge any lien which has prioriry over this Security Instnm�ent unless Bmxower:(a)agrees m .
<br /> � . � writing w the payment of the obligation sec�ued by the lien in a manner acceptable eo Lender;(b)contests in good faith the lien � �. .y"
<br /> ' by. or defends against enfom,ement of the lien in, tegal proceedings which in tha Lender's opinion operate w prevent the ,
<br /> � � enforcement of the lien:or(c)seuues from the holder of the lien an agreement satisfactory w Lender subordinating th�e�� •
<br /> " this Security Inswment If Lender detern►ines tr.at any part of the Propesty is subject to a liea�which may auain priority ,
<br /> ' . �� g�ity Instrument,Lender may give Bonower a notice idcntifying tha Gen.Bormwcr shall satisfy the lien or talce one or marc : ,_
<br /> , of the actions set forth above wi�u�10 days of the giving of aouce. Form 8a2e 8�eo . ' . .'
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