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<br /> ! 'I'OGETHFR WI'fH all tiic improvcm�nt�now or l�creafiercrec�ed on thc property. iUll� 11II l'ASCI11Cll�ti, c�ppurtcnanccs, uud
<br /> fixturcti nuw un c�rcuRcr u purt of the propcny. All rcpluccments und additions shull al+o bc c��vcrcJ by this Sr.curity
<br /> ' Instrumcnt. All uf thc f��rcgaing is rcfcrred to in thiti 5ccurity Instrumcnt a,thc"Property." .
<br /> ' BnREtOWFR COVENANTS thut Borrowcr is luwfully ticiscd of thc cstatc hcreby convcycd und hus thc right w grant und
<br /> � rrnivcy cl;e Properry unJ thnt thc Properry is unencumbered, cxcepi fur encumbrancc+ uf rccord. Horrnwer wurrunts anJ will
<br /> , _�j dcfcnd gencrally thc titic to thc Property uguinst all cluims and dcniund�.�ubjcct w uny cncumbranccs c�f rerord•
<br /> TH1S SECUItITY INSTRUM6NT cc�mbines uniform covenants f��r nt+tionnl usc and non-uniform covcnunts with limitcd
<br /> ,.;,,,;�,��� variutiems by jurisdiction to constitute a unif'orm security instrument mvering reul property.
<br /> �,,,,,,,�..�vA�� UNIFORM CnVENANTS.Borrnwcr and l,endcr covcnam and ugrcc us f'ollows: ,
<br /> ' 1. Paymcnt of Principal nR� �cler�t; PrepAyment and Lnte Charges. Borrowcr :�huU promptly pay when duc thc ,
<br /> � ' principal of and interest an the debt evidenced by the Note and any prepuyment and lute chnrges due undcr the Note.
<br /> �"�' 2. Funds Par Tux�s nnd Insurnttce. Subjcct to upplicublc la�v ur to a�vrittcn waiver by Lendcr, Bormw�r shall pay to _
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<br /> Lendcr on the duy monthly payments arc due undcr the Note, until die Notc i:�puid in fu U,a sum("Fun ds")f o r:(a)y e a r l y t axes _
<br /> � . �� carl lcuschold a ments - _
<br /> and assessments which muy attain priority over this Security Instrumcnt as a licn on tl�e Property: (b)y • y P Y
<br /> �_", or ground rents on the Property,if any; (c)ycurly hazxrd or property insurancc premiums;(d)yc�►rly flood insurance prcmiums,
<br /> • ; if any: (e)yearly mortguge insurance premiums, if any; and (fl any sums payablc by Borrower tc� l,ender, in accordance with 'i _
<br /> �,� [he provisions of paragraph B, in lieu of the paymerit of mortgage insurance premiums. These items are called "Escrow Items." �.`��
<br /> .� Lcnder may, at a�iy time, collect and hold Funds in an amount not to exceecl the maxin�um amount a Icnder far a federally =Y
<br /> related moctguge loan may require for Borrower's escrow account under the federal Real Estate Settlement Prucedures Act of '•,':J-:
<br /> `� 1974 as amended from timc to timc. 12 U.S.C. Section 2601 et seq. ("RESPA,"), unless another law that applies to the Funds
<br /> �. � ' sets u Icsser amount. If so, [�ender may, uc any time, collect and hold Funds in an amount not to exceed the lesser nmount.
<br /> � , �.'�� Lender may cstimate the amount of Funds due on the basis o(currcnt data und reasonable estimates of expenditures of future __
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<br /> Escrow items or othenvise in accorJance with npplicable law. �
<br /> � The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentnlity. or entity t�"�
<br />_ . _« (i�cluding Lcnder,if Lendcr is such an institution)or in any Fcderal Homc Loan Bank. Lcndcr shall apply thc Funds to pay the ��,�.
<br /> Escrow Items. Lender muy not charge Borrower for liolding und applying the Funds,unnually analyzing the escrow account,or �
<br /> . . „ verifying the Escrow Items,unless I.ender puys Borrower intemst on the Funds and applicable law permiGs Lendcr to make such
<br /> '_ '••'� a chargc. Howcver, Lender may rcquirc Borrowcr to pay a one-time charge for an independent rcal cstate tax reporting service
<br /> -�, � s�,u,+ �� f rnrlrr in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or =
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<br /> . • upplicable law requires intcrest to be paid.Lender shall not 6e required to pay tiorrower any i�iierc�i ui cui����rgs:,s: il,c FL"d�•
<br /> ^' � � �' Borrowcr and L.endcr may agrec in writing, however, that interest shall bc paid an Aie Funds. I..endcr shall give to Bonower. __
<br /> • �Y�'• � without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which eaich
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<br /> "-�•?�_�: .. debit to the Funds was made.Tlie Funds;ue plcdged as additional security for ull sums secured by this Security Instrument.
<br /> ' ! If the Funds held by [.ender exceed the amounts permitted to be heid by applicable Inw,L.ender shall account to Borrower
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<br /> �:`.::;�;• ; for the excess Funds in accordance with the reyuirements of applicablc law. If the amount of the Fund�hcld by L.ender at any
<br /> - •=•:�;�� time is not sufficient to pay thc Escrow Items when due,[.cnder may so notify Borrower in writin�, and, in such case Borro4ver
<br /> _=:��a� shall pny to L.ender the amount necessary to make up'the deficir,ncy. Borre�tver shall make up the deficiency in na more thAn
<br /> '"��=-�� twelvc monthly payments,at Lender's sole discretion.
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<br /> �-t��?-"� Upon payment in full of all sums secured by this Sewrity instrumcnt. Lender shall promptly rcfund to orrower any
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<br /> -•--��• Funds held by Lendcr.If,under paragraph 21,L.ender shnll acquirc or scll thc Property,Lcnder,prior to the acquisition or s e
<br /> ___�_.� of the Property,shall apply any 1Funds held by L,cnder at the time of acquisition or sale as a credit against the sums securcd by
<br /> �_.a�.�� this Securit��Instrument.
<br /> ��� 3,A�plicatton of Payments.Unless applicablc law provides othcrwise, all paymen[s receivcd by Lender under paragraphs
<br /> �' 1 und 2 shall bc applied: first,to an,y prepayment charges due under the Note; second,to smounts payable undcr purasraph 2;
<br /> ----- = third,to interest due;fourth,to principal due;and last. to any late charges due under the Note.
<br /> _ _---_� 4.Cha��es; Ltens. Borrower shall pay nll taxes. assessm�nts, chargcs, fines and impositions attributable to the Property
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