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<br /> uttenances,and ' ° ' � .
<br /> -ppGET'HER WITH all the improvements now on c�reafter erected on the property,and all easements,app • ;,�-
<br /> Cuoures aow or hereafter a part of the groperty All c�cplacemeats and additians shatl also be covered by this Security In.strument �, . �,
<br /> All of We foregoing is refeared tn i�dris Security Insuument as t he"P r operty:' . �. • .�
<br /> BORROWER COVENANfS that Borrower is lawfolly seised of the estate hcreby conveyed and has t1►e right to grant and . ,.�
<br /> convey ths A'aperty and that the Praperty is ui►encumbered, except for encumbrances of record Borrower wanants and will ��`r. .-
<br /> ,' defead geuerally�he tide w the Property against all claims and demands,subje�t w any encumbrances of record � -
<br /> 1T-IIS SECLIRTTY IIVSTRUMEN'f combines uniform covenants for national iue and non-uniform covenanu with limited f. .. .. . _
<br /> variaiions by jurisdicuon tfl constiwt�a uniform security instrument covering real propracy �
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<br /> �'ORM COYENANTS.Borrower and L.eRder coveBant and agrae as follows: � .. �.. -..i- -- _ -.,-�� �:
<br /> L Payment of Principal and Intea'est;Prepaymeut and Late Ctaarges. Borrower shall promptly pay whea due the � • - , t
<br /> princigal of and interest on the debt evideaiced by the Nate and anY P�FaYrr�ent and late charges due undea the Note. �. , � , ,� � - •�
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<br /> Z.Fands for Taxes and Insurance. Subjest to applicable law or to a writt�a waiaer by Lender,Bonower shall PaY � -- `'''`''• _:,.'���;�?'��..,
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<br /> Lend�on ihe day monthly paymeats are dae ander the Note,until the Note is paid in full,a��(b)Y�°)for.(a)yearly taxes i . ., . ._��,�.':
<br /> and asses�ents wtrich may auain priarity over this Secarity Instnunent as a lien on the Pro e�ly le3settOld p3yme�1ls ,-=���tr?s�.'
<br /> or gmuad rents on the Progerty,if any;(c)Yeaz1Y hazazd or property insurance premiums;(d)YeutY floo�l insurance premiums,if �_�II'.
<br /> erty ;
<br /> anY;(e)Yrar1Y mo�tg�e ms�rance premmms.�f any;and(�any sums payable by Bosrower to Lendear,in accordance with the ,�'� �',:r•° -•.,-.�-
<br /> _ , provisions of paragrdph 8, in tieu of the payment of mortgage ins�uartce pmmiums. 'Itiese items are called "Escrow Items." " . - __ ---
<br /> � I.endea may,at any mue,coltect and hold Funds in an amauna not tn exceed the maaimum amount a lender for a fedecally related . ';••"'���
<br /> mo�age loan may czquire for Borrower's escrow account under the fedeial Real Estate Settlement Procedures Act of 1974 as �. �:�.
<br /> • ameaded fmm time w time,l2 U.S.C.Secaon 2�1 et seq. („RESPA").unless another law that aPplies sa the Fands sets a lesser ; �.�..
<br /> amoant, ff so,Lendea may, at any ticne,coll�c aa3 hold Fands in an amount not to exceed the les-s�amount Lender may : _.--
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<br /> estimate the amo�t of Fumds due��i�e basis of currer►t data aad reasonable esdmates of e.+�ditures nf funue Escraw Iterns or ,.4,;, .: `:��_��;_��.
<br /> _ otheaR:�;.a accordance with a�L�+?a Iaw. : ;f'�'� - -- -
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<br /> 'Ihe z�'s s�d L�e held in as r�timuon whose deposits are insuored by a federal agency,inst�umentality,or ent�Cacluding :,�.�� : .a��..: __ --
<br /> I the Funds to a t�Fscrow �`,`��':��.
<br /> �'� � Lenda,if I.en�er��r..h an �s~^...aaon)or in any Federal Home Loan Bank.Lender shall aPP Y P Y' ;^,�,V.. . - . � '"
<br /> Items.Lender ma�cr�charge B�owex for holding aad applyin$the Funds�annually analyzinS the escrow accaunt,ar cuifying „.�
<br /> U►e Fscrow Items,unless Lender�s Bosrawer interest on the Funds and applicabte law pernuts Lender[o make suc�a charge. •s. _. ;i-�i�.':' �•'
<br /> ' serv���ssed by , •.�•. �.,t..,.
<br /> • Howevear.Lender maY recl�BOnDa'�1O Pay a on�time charge for aa independent real estate tax rePo�ug • •
<br /> �a�.��������oan, unless applicable law pmvides otherwise.Unless an agreeanent is made or applicable law , ,�-
<br /> . or eamin on the Funds.Bormwer and �. :� -i: - -__
<br /> requires interest tm�paid,I.e�der sl�all not be requim�i to pay Borrowea any intece.st F,s � t.,fi:. � .�: '• �. °`�
<br />' Lende.r may agree in writing,however,that intarest shall be paid ou the Funds.I.endex shall give w Bonower,without charge,an _ .
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<br /> anna�t�counting of the FuncL�,s�cwing credits and debits tn the Funds and the purpose for which each debit tn the Funds avas #�,�. :: ; . �"
<br /> mad�.'L',4,Funds aie piedged 2s airai.tianal sec�uity for all sums secured by this SecuritY In..�nunent ���.,,t:ti3-. _, �`•.�,. I�—
<br /> •. If;.'e Ftmds heid by Lend:�.c.��d the amounts permittecl tn be hetd bY aPPlicable law.b.endet shall account to I�r'�wer for - •t.. � - +�. .. ,•,{�
<br /> the excesg Funds in acc.oidance�ith the requiremea�ts of applicable law.If the aruount of the Funds heId by Leadea a��Y tume is ,;:� ;�s' � %f�•`;: ,�
<br /> �. not s�fficient to pay the Esarow Items when due.LeAder may so aotify Botmwed in ariting,and,in snch case Borrower sdaU pay �.. .+� •t :
<br /> co Ia�der the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no mare than twelve ,.�,.. � ' . �: ,�
<br />� . monthIY PaYments,at Lendea's sc1�discretion. ��
<br /> � _ Up�n payment u�full of ail�s secured by this Seauity Insirument,Lender shall promptIy refund w Boirowa any Funds � ,`,Y:. _
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<br /> � h 21,I.endea shall acguise or sell the Property.Lender.prior w the acquisition or sate of the •..;�•• �. •r 1•��,
<br /> . • held by Leades.If,under paraB*�P ,- ��. __
<br /> , propetty,shall apply any Funds held by Lender ai the time of acquisidon ar sate as a credit agamst d►e sums secUred by this �=�
<br /> gec�uiry Instrument :�'�:°--��::''�.��"`_-
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<br /> 3.Appiication of Faymenfa Unless applicab2e law provides o�herwise.all payments re,ceived by L�der under patag�aphs --.=
<br /> 1 and 2 st�all be applied:fust.to any prepayment ct�arges due under the Note:second,w amount�payable unda�raragraph 2: �_"����'��-, "
<br /> thud,to intemst due:foiuth.to principal due;and 1ast.tn any late charges due under the Note. �'.,
<br /> ' 4.CEargesC Llens. Barror�er shaU pay all taaes,assessments,charges.fines and impos3tions suri6utable w the Property ,.-::-.
<br /> � whl�h may suaui�r.rity over this Security Insh�ument,and leasehold payme�ts or ground rents,if any.Botrower shall pay these - - .-
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<br /> � � abbgations in the r��^er provided in paiagraph 2.or if not paid in tdat manner,Borrawr�shall pay them on time diroctly w the :.N .�`=��,.
<br /> • pe�a owed payment Borro�.er shall pramptly fwnish to Lender all notices of a�-�r.rs to be paid under this pa.�qraph.If .�.-- _ .._�„�„-
<br /> Bor.�vrer makes die.`e paymenu directly,Borrowea shall promptly fumish to L.ender�evidencing the payments ,;;_�� -�.�,��,,_
<br /> � Botrower shall prompdy discharge any lien which has priority wea thi5 Sectuity Instrument unless Borrower:(a)agrees in ..;:� '.:.���«.�:� -,Tr-.
<br /> -•f wxi�g w tIle payment of the obligation secured by the lien in a mann�acceptable to Leader:(b)contests in gaod faith Ihe lien -
<br /> ti;�_ er defends against erifonceesent of the lien ui, legal proceedings which in the Lender's opu�ion operate tn prevent the �����'�'�—
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<br /> � Fufa�xrnent of the lien:or(c)�cures from the hold�of the lien an a�eement satisfaaory to I.ender sub°rdinzti�}�the licn tn , .:,;__,�•"= .:. �_
<br /> thi�Security Instrument If Ler.�u deteamines that any part of the Propaty is subject tn a lien which may attain pa�r_ry over this .±. Y:,�y.-;.,.;,,,'-•._:•.�
<br /> . .-,, Security Insuument,I.ender ra�ay give Borrower a notice identifying ihe lien.Borrower shall satisfy the lien or�ake one or more . . -;.,._.y.::�,i,::�,. _'
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<br /> . :�:,�.;;� of the ac6ons set forth above wict:in 10 days of the giving of nodce. ::_.�°_._.%;�"�_:_:�-
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