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<br /> TOG�"1'HER WITFI nfl Chc improvcmcnts now•or hercaft�r erected on the property•`Il�also�bc'covcrsd�by�thisnSccurity
<br /> " � fixtures nuw on c�rcaftcr a pan nf the properry. All rcplacements and uddinons .hu
<br /> ' ln�trumcnt. All��f thc t��rcgo�ng is rcfcrrcJ to in this Sccurity lnswment as thc"Property."
<br /> BOItROWER COV ENANTS that Borrower is luwfully seised af the e+tate he�eby cuuvcyui.and has the right<<�grant and
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<br /> °� convey the Pruptirty i�nd thut ihe Property is unencumbered, except I'or encumbrances of recard. Borrower wurrants and will �
<br /> , �1 defend generally the tide to the Property against ull claims and demands, subject to any encumbninees af record.
<br /> �� THIS SECURITY INSTRUMENT combincs uniform covcnants for national use and non-uniforni cctivcnants with limitccl
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<br /> . , . vnriatians by jurisdiction to constitutc a uniform sccurity inst�ument covering rcal property, �-''
<br /> UNIFORM COVENANTS. Borrawer and l.encier covenant and agree as follows: �"_;�.-
<br /> Prepayment und I.ste Chary;es. Borrawcr shall promptly pay when due the _:;_:__~
<br /> 1. Payment of PrinclpAl imd Intcrest; --��••-
<br /> � princi{tal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. __
<br /> ?,. Fundg for Taxes und Insurnnce. Subject to applicable law or to a written waiver by Lender, Borrower shall pay ta
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<br /> Lendcr on the day monthly Rayments are due under the Note,until thc Note is paid in full,a sum("Funds")for: (a)yeurly taxes ��".-'-
<br /> � and assessments which may attain priority over this Securiry lnstrument as a lien on the Propeny:(b)yearly IeaseholJ payments �'--•--
<br />�i��, � or ground rents an the Propr:rry, if any;(c)yearly hazatd or property insurance premiums;(d)yearly flood insurance premiums, i��_
<br /> if any: (c) yc:ariy uic�rtgagc insurance premiums, if any; and (tl any sums payable by Bonower to Lender,in accordance with `
<br /> •� • the provisions of paragraph 8,in lieu of the payment of mortgage insurance premiums. These items are called "Escruw Items." `
<br /> ` L.cnder may, at any time,collect and hald Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> rdated mongage loan may require for Bo�rower's escrow account under the federal Real Estate Setdensent Procedures Act of E`
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<br /> �-��'. 1974 us amended from time ro timc. 12 U.S.C. Section 2601 et se9.("RESPA"),unless unother law that applies to the Funds =
<br /> ' sets a lesser amount. If so, Lender may, at any time. collect and hold Funds in an amount not to exceed the lesser amount. _
<br />_ � � :�. I.ender muy estimatc the amount of Funds due on the basis of currcnt data and reasonablc estimates of expenditures of future
<br /> Escrow Items or othenvise in accordance with applicable law.
<br /> ;'--`.'�"�'Y:,; The Funds shall be held in an institution whose deposi�s are insured by a federal agency, instrumentality. or entiry
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<br /> e (including Lcnder,if Lender is such an institution)or in any Federal Home Wan Bank. Lender shall apply the Funds to pay t e
<br /> "'"�.'��{� Escrow Items. L.ender may not charge 9orrower for holdin�and applying the Funds, annually analyzing the escrow account.or
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<br /> -- l.�-� vCtiTyiiib iFV L�.�b�TO�Iic.^• .!-���Qnder pays Borrower interest an the Funds and applicable law permits Lende�m�ake suc
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<br /> ____.,�,;�„�-�, a charge. However,Lender may require Borrower to pay a one-time charge for an independent reai esiau iux �c �iiz ,cr.•sx
<br /> �'�-`"' used by Lender in connection with this loan, unless applicable law provides othenvise. Un1es5 an agreement is made or
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<br /> —,�--��4.� applic:�ble law requires interest to be paid,Lender shall not be requirerl to pay Borruwer any interest or earnings on the Funcls.
<br /> -�---- Bonower and Lender may agree in writing, however, that interest shail be paid on the Funds. l.ender shall give to Borrower,
<br /> _ =-_- without charge, an annual accounting of the Funds, showing credits and debits to the Funds nnd the purpose for which each
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