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<br /> ? 'fU(11•:I'l1l:lt WI'fll�dl dic iiupr��vrn►auy ni��ti•an c�rc�d�ii i c t,�'ntul�mlditiuiiti�,imll��nitiu�hc'�wcrccl��hylttliisl�Sccurity -
<br /> , .� tixturc, now nn c�rc�dtcr i� p,ir� ni �hc, prupert y. All rc.pl� ,.
<br /> h►yu•umrnt. All of thc lirrc�y��ing i,rcfcrred a+in A�i�ticcuriry Instrumcnt n,thc"Nrnperty."
<br /> ' tiURIdc1W1?It ('�1V1?NAN'I'S�hut Ilurruwer i,lawfully s�ised uf lhe estute I►�rehy r�mveycd unP ubts lhe right togrunt und e•.::
<br /> _ .i �':
<br /> ..' `•; rotwey tlie Pruperty iuid thut the Nruperty iti ui�eucumbered, exccpt far cncwnl�rnnceti ul' rc�urd. 13nrro�ser �varrt�nt, and will
<br /> .'?.� dcfcnd gcncrully thc tiUc tu tlic Pru�rty ngninst nl l clnimr und dcmunds.yuhjcct to nny cncumbrunccs of rccard. --
<br /> ' � 'THIS SECURITY 1NSTRUM�N'P cumbincti uniform covcnunts for nutional usc and non-uniform cnvcnants with limital ',
<br /> � - v�riations by jurisdiction tu cnnstitutc+�uniform s�curity instrument covcring rcal pmperty. ��.•,
<br /> �"""''� UNIFORM COVENANTS. Borrowcr i�nd L.s:�icr covenunt nnd i�grce as follow�s:
<br /> _�. .
<br />� 1, pnyment uf t�•inc�pnl und Inter�h, 1'rcpaY�»ent and I.nte Char�cs. Horrowcr shull promptly pay whcn duc the r
<br /> principul of und intctest on the debt cvidcnced by tlk Notc and any prepayment uud Inte chargcs due under thc Notc. `P��
<br />- � 2, Funds Yor Tnxc.w and Insurunce. Subjcctto upplicable law or to a written waiver by L.endcr, Borro�ver sh�rlP axes �:_
<br />�. L.endcr on thc duy monthly pnyments erc duc und�r thc Nate,until thc Notc is paid in full, a sum("Fun�`i) leaseho d aYments —.
<br /> nnd assessments which may attuin priority over th is 5ecurity Instrument as u lien on the Property�,�(b)fl�od�nsuranee pe miums, �_.
<br /> or ground rents on the Property, if nny;(c)ycarly hazard or property U"Sanaea�h°IIorrawer t Lender, in accordance with =_
<br /> 3; . ' if any: (e)yearly mortgage insurance premiums, if any;und(�nny p Y Y __
<br /> �. � the provisiuns of puragraph S,in lieu of the pay��ent �f mortgAge insurancc premiums.Thcsc items are called"Escrow Items." L
<br /> - Lender may, at any time, collect and hnld Funds in an umount not to exceed the maximum amounc a lender for a fcderally _
<br /> � � relatcd mortgage loa�i may requirc for Borrowcr'sescrow uccount under the fecieral Real Estate Settlement ProcedurES Act of Y
<br /> _ .,..,, � 1974 as amended from time to time. 12 U.S.C. Scction 2fi01 et seq. ("RESPA"),unless another law that applies to the Funds —
<br />= sets a lesser amount. If sa, Lender may, at nny time, collect and hold Funds in t►n umnunt not to exceed the lesser amount. _
<br />;,,�, ,,,, _;; Lender may estimatc the atnount of Funds due on thc basis of current data and reasonable estimates of expenditures of future
<br /> 1"' " Escrow Items or otherwise in acwrdance with npplicai�le luw.
<br />�`' •• � " �'-� ' The Funds shall bc held in an institution�vhose deposits are insurcd by a federal ugency, instrumentaliry, or entity _
<br /> jti� ~?;' ,� (including i.ender,if Lender is such an institutionlor in uny Federal Homc L.oan Bank.L.endei•shall apply the Funds to pay the
<br />`°r��: �sceow Items. Lender may not charge Borrawer for holding and applying the Funds, annuully analyzing the escrow necount,or
<br />�;,.`;�, '., verifying thc Escrow Items,unless Lendcr pays Borrower intcrest on thc Funds and applicablc law permits L.endes to makc such
<br /> ,. . �. �
<br />- ___ ���.�u�b` �.Ia.��,�!•. ��,�„r m��mnuire Borrowerto naY a onC-<imc chargc for an independent rcal estate tax reporting,sc�rv��ce
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<br />�.�i�`���-:Y• i used by l.ender in connection with this loan, unless applicablc law provides other�v�se. iiniess u�� nb:���������
<br /> ��` �, ��'� ' � applicable law requires inxerest to be paid, Lendcrshall not be required to pay Borrowcr any intcrest or earnings on the Funds.
<br />�:C,`Q'�'t F^�.,' �
<br />�,.��_.�t•-':., ; Borrower nnd [,ender may ngree in writing, however,thut interest shall bc puid on the Funds. I.ender shall give to orrower,
<br />-=""'y�`= '•�' without charge, an nnnual accounting of the Funds. showing credits and debits to the Funds and the purpose for which each
<br /> ----'`°�"�I debit to the Funds�vas mude,The Funds are pledged as additional security for:ill sums secured by�his Security Instrument.
<br /> --�� If the Funds held by Lender ex�eed the amaunts permitted to be held by applicuble law, l.ender shall account tv Sonower
<br /> �����i for the excess Funds in uccordance with the requirements af applicuble law. If the amount of the Funds held by I.ender at any
<br /> --�- time is not sufficient to pay the Escrow Items wl�en due, Lendcr may so notify Horrowcr in writing,mid, in such case Borrawer
<br /> _� shall pay to Lendec the amowu necessary tu make up the deficiency. Bonower shall muke up the deficiency in no rnor� than
<br /> twelve manthly payments. at I.ender's solc discrNion.
<br /> - -� Upon payment in full of ull sums secur..d by this Security Instrument, Len�derYshail prompior to the ac�uH[tion or sale
<br /> -- - - Funds held b,y Lender.if, under paragraph 2l, l.cnder shuU acquire or scll flic I'ro ert . L.ender.p' �l
<br /> -�-W��' of thc Properry, shull apply nny Funds hcld by Lendcr at the time of acquisition or salc a.5 a credit ugainst thc sums secueed by
<br /> - a-�-� this Security Instrumcnt.
<br /> -- 3.Applicatton of Payment�. Unless applicable law provides otherwise,all payments received 6y Lendcr undcr paragraphs
<br /> -- - 1 and 2 shall be applicd: first. to any prepuyment charges due under the Note; second, to umounts payable under paragraph 2;
<br /> ----- third,to interest due:fourth,to principal due;and last,to any late charges due undcr the Note.
<br /> 4.Charges; I.lens. Bonower shal!pay all�axcs,assessments. chargt:s. fines und impositions attributablc to the Property
<br /> �;:;;z�s which mny attain priority over this Security Instrument, and Ieasehold payments or ground rents, if any. Borrower shaU pay
<br /> - these nbligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on timc directly
<br /> to the person owed payment. Borrower shall p�omptly furnish to i,endcr all notices of amounts to be psid under this paragraph.
<br />---- = -- If Borrower makes ehese payments directly,Borrower shall promptly fumish to Lender receipts evidencin� the payments.
<br /> .._.:K_��'� Bonower shall promptly discharge any li�n�vhich has priority uver this Security Instrument unless Borrower.(a)agrers in
<br />-- - ;:;;;i���; wriung to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lien
<br /> ---'�'_'��! by, or defends �ainst enforccment of the lien in, legal proceedings which in the Lender's opinion operste to prevent the
<br />—�'"''"�"��� enforcement of the lien; or(c)secures from the holder of the lien an agrecment satisfactory to Lender subordinatin�the licn to
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<br /> �t�, this Security Instrument. If C.ender determines ihat any part of the Property is subject to a lien which may attain priority over
<br /> _=!��`'"� this 5ecurity Instrument, Lender may give Borro�yer a noticc identifying thc licn. Iiorrower shall satisfy thc lien or take one or
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<br />�=_�r;�,=.,; � more of the actions set forth above within 10 days of the giving of natice.
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<br /> Form 302E3 8180
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