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<br /> T0C3fiTHER WITH all thc improvcmen�g now an c�rcuftcr crcctcd on �he property. ond all eusemcnts,nppurtenancrs,and �
<br /> C�xuues now or hemufter a part of the propeny.Ap replaa;ments nnd nddidons shnq nlso be covered by this Securiry InswmenG �
<br /> � A!I of the foeegoing is refcrred to in this Scctufty InsVUment s�Ute"Property." _
<br /> BORROWER COVfiRJAIV'i'S ihnt Borrowcr is lawfully scisc.d of tho estntc hcrcby conveycd s�nd has the right to grant and �
<br /> � convey tho Property and that the Propelty is unencumbered, except [or encumbrances of rccord.Borrower warrar►ts and will ,
<br /> � defend gener�lly the tide to the Propcny ngeinst ffil claims and demsnds,subject to any encumbrances of record.
<br /> j THIS SECURlTY INSTRUIu�NT combines uniform covcnnnts for nudonnl use and non•uniform covenants with Iimited
<br /> , vnriutions by jurlsdiction to consdwte a uniform sccurity instrumcnt covcring mal propa:rry. � � _
<br /> UMFORM COVEIdANTS.Borrower and Lender coveaiant and agree as foUows:
<br /> 1.Payment of Principal And Interest;PrepAyment and Late ChArges. Borrower shall pmmpUy pay when due the
<br /> principal of and interest on the dcbt evidenccd by thc Note end any prepayment and late charges due under the Note. , , -
<br /> . i 2.Funds�or Taxes aad Insurstnce. Subject to applicable Iaw or w a wriaen waiver by Lender,Borrower shaU pay to .
<br /> • I.endcr on thc day monthly payments nre due under thc Notc,until�he Note is paid in full,a sum ("Funds")for: (a)yearly taxes , �a:��
<br /> and assessments which may auain priority over this Secudty Insavment as a lien on the Propeny; (b)yearly leasehold payments . " _
<br /> or ground rents on the Property.if any;(c)yearly ha7ard or property inswnnce premiums;(d) yearly flood insumnce premi�uns,if , �_--_—
<br /> . any;(e) yearly mortgqge insurance premiums,if any; and(�eny sums payable by Borrower w ti..ender,in accoralance with the - _
<br /> provisions of �x►ragr^..ph 8, in 1leu of Uie payment vf mortD�e Insurancc premiums. The��iiems are calted "�w Item.s." :�-=•.-
<br /> Lender may,at any time,coUect and hold Funds in an amount noi to eaceed the maximum a�r�aunt a lender for a federnDy related '�''`-�-'�
<br /> 1 mortgege loan may require for Borrower's escrow eccount under the federal Resil F.stste Setxlunent Procedures Act of 1974 es �°�1
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<br /> amended from tune to time. 12 U.S.C.SecHon 2601 et seq. ( RESPA").unle,ss another Iaw thateppGes to tha Funds se�s a lesser f =--_—
<br /> amount If so.Lender may.at eny time.collect and hold Funds in en amount not to exceed the lesser amount Lender may � � � a�
<br /> � estim�te the amount of Ftinds due on the basis of cument data and masonable estimutes of expendiwres of future Escrow Items or
<br /> otherwise in accordance with appllcable law. -
<br /> �•� The Funds ahall be hsld in an insatudon whose deposi�s ere insured by a federal agency, inslnxmentelity,or entity(including
<br /> • I.er►der. if Lendcr is such en insdtution) or in eny Federal Home Loan Bank.Lender shall apply Ihe Funds to pay the fiscrow .
<br /> ± Items.Lender may not charge Borrower for holding and epplying the Funds,onnually analyzing the escrow account,or verifying ' . �
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<br /> � "� tha Esc�w Items,unless I.ender pays Barrower interest on the Fe�nds and appGcable law pem�its Lender to me�e such a charge.
<br /> -- -- H,!':�:�`•'=S.L°T-�1.^i Sl23:rL'q!!!iP $4*!o4Y?r tn�ay a n��_ti�r_.��ror_.f�r an intlenP.ndent real�e18IC te�t tepo4ting sc,cvice used by ,°�. ;_
<br /> I.ender in connecdon with this loan,unless a}tplicable law provides otherwisa.Unless an egr�unent is made or applicable law `"�'
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<br /> ' requires lnterest to be paid.Lender shall not be mquired to pay Borrower any interest or earni�gs on the Funds. Borrower and � -
<br /> Lender may egree in wridng,however,that interest shall be paid on the Funds.Lender sha11 give to Bonawer,without chargc,an �)' �'
<br /> annual accoundng of the Funds,showing credits end debits w the Fti►nds and the pucpose for xiuch each debit t� the Fwds was .jf`�j',.;
<br /> : made.The Funds ar�pledged as addidonal securiry for all sums secured by this Securiry Inswrnen� ,�•; _,
<br /> � If tha�nds held by Lender exceed the amounts permiued to be held by appltcable law,L.eider shall account to Bormwer for �.
<br /> � the eacess Funds in eccocdance with the requiremenu of appllcable law.If the emount of the Fwds held by I.ender at any ame is
<br /> ' �, not sufCcient to pay the F.scmw Items when due,Lender may so notify Borrower in wridng,anQ in such case Borrower shall pay — _
<br /> to i.endei the amount necessary to make up the deficiency. Borrower shall make up the d�ciency in no more than twelve
<br /> �: mondily payments.at L.ender's sole discreuon. •'��?�
<br /> �,. Upon payment in full of all sums scxured by this Security Instrument,Lender shall pmmp�y refund w Botrower any Fundc .. -
<br /> �' held by Lender.If.under paragraph 21.Lender shall acquire or sell the Propecty,L.ender,pria t,o the ecquisidon or sak of the �'��=__�
<br /> Propecty,shall apply any Funds held by Lender at the time of ocquisition or sale a5 a creQitagainst the sums secured by this �:��,�,�,W-
<br /> ., Security Instrumcn�
<br /> 3.AppUcadon ot PAyments. Unless applicable law provides�therwise,atl payments re+ceived by Lende�under garegrephs ��_:.-�
<br /> 1 a�d 2 shall be applled:first, to any prepayment charges due under the Note;second. to arnounts payable under paragraph 2; �`?,�„�,,,�,;�,�,,,_
<br />- ' �" �hird,to intc�cst d�c;fo�rth,ro princip�l duc;and I.�st,to�ny 4�te charge.�due under the Nete. --
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<br /> � 4.Char es;Liens. Boirower shall ��
<br /> g pay aU taxes. assessments,charges, fines and imposiuons attr�butable w the Propeity ���;--
<br /> " ' whlch may attain prlorit,•over this Socurity Inswment,end leasehold payments or ground rent&if'any.Borrower shall pay thcse =��=---
<br /> �. = obllgattons in the manner pmvided in paragiaph 2,or if not paid in thet menner,Borrower ahall pay them on time directly to the •�';'�"-��t�:
<br /> � n ow e d enG Borrower s h a ll rom t l fumis h to L e n der e ll notices o f amounts to b e d un det t his h I f �"�'"�ti���-r
<br /> • I� PaYm P P Y Paz P�P . .; .��y s,.L�.
<br /> - k3ocrower makes these payments direcdy.IIomnwer shall prompily fucnish to L.ender receipls evidencing the paymenis. .�ss• ���
<br /> '»�y�,,,,a��`
<br /> � Borrower sha�l prompdy discharge any lien which has priority over this Security Insuuireent unless Borrower:(a) aa��ees in -:.r,,.:-r�*�;4t,�
<br /> � . � writing to the payment of the obllgation secured by d1e Gen in a manner acceptable to Lender,(b) contests in good feitti the liea "`�` •-'• �
<br /> . by, or defends sgainst enfo�ement of the llen in, legal proceedings which in the Lender's op6uon operat,� w prevent the . ., .
<br /> , enfmcement of the lien;or (c) secures fmm the holder of the Gen an ngrcement satisfaccory to Lender subordina4ng the lien to ^"a '
<br /> � ' this Security Instrument If Lender determines that any part of the Property is subject to a lien which may auain priority over this � '
<br /> ,: Security Instrum�nt,Lender may give Borrower a nodce idenafying the lien.Borrower shell sa�sfy the lien or take one or more
<br /> of the actions set forti�above within 10 days of the giving of nodce.
<br /> Forn,aags 9roo
<br /> �•6R(NE)(D2t21.Ot Paq�2 0�8 Innitls: , .
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