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<br /> � 7'O.;GTi�TE?R WI17[ sll thc improvements no+�� an c�rcattcr crectcd on thc property,��all cascments,appurtcnences, and _.
<br /> fixtures now or hereafter a part of the property.All replacements snd additions shall also be covered by this Secudty InstrumenG
<br /> All of the forcgoing js rcferrcd w in this Security Instrument as thc"Properry."
<br /> BORROW�R COVENAN7'S that Borrowcr is lawfully sciscd of thc cstatc hereby convcyed and has the right ta grant and
<br /> ' convey the Propeny and that die I�ropeny is unencumbered,excep�for enc�mbrances of record. I3orrower warrants nnd ��ill -
<br /> defend genen+lly the dtle to the Propeny ageir►st all claims end demends,§ub)ect tu any encumbrances of record. -.
<br /> THIS SECURITY INSTRUN�NT combines uniform c;ovenents for national use and non-uniform covenants with limited
<br /> variadons by jurlsdictlon w consdtute a uniform securiry insuument covering resil property. -_
<br /> UMFORM COVENANTS.Borrower and L.ender coventmt end agree as foUows: ..
<br /> 1.Payment oi PrincipAl�nd Interesh Prepayment and Late Cdarges. Boaower shall prompdy pay when due thc • , .
<br /> I principal of and interest on the debt evidenced by die Note and uny prepayment and late ch.sges due under the Note. .��.:. ..,
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<br /> 2.Eur.ds for Taxes And Insurance. Subject tc� appllcable law or to a written waiver by Lender, Borrower shall pay to "r�u.�,;,:�
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<br /> Lender on the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds")for:(a)ye,arly taxes , ,���s:
<br /> and assessments which may attain prioriry over this Security Instrument as a lien on the Praperty;(b)yeafly leasehold payments ,��--•== —
<br /> or ground rents on the Property,if any:(c)yearly hazard or praperty insurence premiums;(d)yearly flaod insarance premiums,if � _
<br /> any;(e)yearly mortgage insurance premiums. if any;and(f�any sums payable by Borrower W Lender,in accordance with the •�� -°�
<br /> provisions of paragraph 8,in Geu of the payment of mortgage insurance premiwns. 'ri�sse items are called "Escrow Items." �_
<br /> i.ender,�uy at any'�me.collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally relatecl �
<br /> mortgage loan may ra�uire for Boaower's escrow account unde�the federal Real Estate Settlement Procedures Act of 1974 as v�.
<br /> � amended from time to dme,12 U.S.G Secuon 2601 et seq. ("RESPA"),unless another law that applies to the Funds sets a less�;r ��_:�-,,�--
<br /> amoun� If so, I.ender may,at any ttme,collect and hold Funds in sin amount not to exceed the lesser amount Lender may ., ___
<br /> estimate the amoant af Funds due on the basis of curcent duta and reasonable esdmates of expenditures of future F.scrow Items or ::,�,� ___
<br /> F otherwise in accordance with appllcable Iaw. �.... r =
<br /> 'Ihe Funds shell bc held in an inst�tudon whose deposits are insared by a fedcral agency,insaumentaliry,or endty(including
<br /> Lender,if Lender is such an insdtupon) or in any Federal Home L.oan� Bank.I.ender shall apply the Funda to pay the Escrow �• ��
<br /> Items.L.ender may not charge Horrowes for holding and applying the Funds,annually Analyzing the escrow account,or vesifying
<br /> the Fscrow Items,unless J.ender pays Borrower interest on the Funds and applicable law permits I.ender to make such a charge. � •
<br /> _�' t Howevet,Le�tder may require Borrower w pay a on�time charge for an Independent real estate tax reporting service used by �
<br /> Lender in connacdon with this loan, unless applicable law provides otherwise.unless an agrcemenc is macie or u�ipfiuiuic 1nw ,�'�F , �;
<br /> requires intemst w be paid,Lender shall not be required to pay Borrower any interest or earnings on the Funds.Borrowu and a ,.
<br /> Lcader may egree in writing,howcver.that interest shall be paid on the Funds.I.ender shall give to Borrower,without cherge,en •
<br /> , aanual accounting of the Ftu►ds,showing credifs and debits to the F�u►ds and the purpose for which cach debit to the Funds was ��� ' i -
<br /> • • made.'Ilie Funds are pledged as edditional secartry for all sums secureA by this Security Inswmen� � ,� ''�
<br /> . �` , If tho Furtd.s held by Lender exceed the amounts pem►itted to be heid by applicable law,Lender shall aceount to Boirower for ;
<br /> s', the eaccess Punds in accordance with the requi�+ements of applicable law. If tha amount of the Funds held by Lender at any time is
<br /> �: not suf'ficient to pay the Fscrow Items when due,Lender may so aotify Borrower in writing,end,In such case Boirower shall pay '` �
<br /> ' �'! ' to Lenda the amount nocessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve
<br /> a��� monthly payments,at I.endu's sole discredon. -- -
<br /> Upon payment in fuU of ail sums secured by this Security Instrument,Lender shatl promptly refiu�d w Bomower any FY�nds ,,.�
<br /> ; held by I.enda.If,under paragraph 21,lznder shall acquic�e or sell the Propelty,L.ender,prior ro the acquisiflon or sale of the -�•. _- -
<br /> �� Praperty,st�all aQply eny Funds held by Lender ei the time of acquisidon or sale as u cmdit against the sums secured by thls �C.��-
<br /> '�'` Security InstrumenG e` --
<br /> ' 3.ApplkatWn ot Paymenfs. Unless appllcable law provides otherwise.all payments received by Letider under paragraphs �- --- - -
<br /> „ .� i 1 nnd 2 shall be applled: fi�st,to eny prepayment charges due undu the Note;second,to emounts payable ander paragraph 2; ��__ __
<br />-_, ,� . third,W intsrest due:fourth,w principal due;and last,to any late charges due under the Note. �;:,-:W-
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