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<br /> � .:;.Y , TOGETHER VYITH all the improve�ents now or kercaftri c�ct,�on the propeity,and easements.aPPuate�ces. and �, .. ' . .
<br /> ` � . � �- fixwre.s now or heaeaftcr a pmt of We property.All replacements and additions shall also he covered by this Sectuity Instn�mew. .,a:`:..��
<br /> - -_.,._�,� , All of the fongoing is iefeared to in Wis Sec�uity Instrumeut as the"Propecty.° ;
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<br /> � , . . BORROWER COVENANTS that Bo�rower is lawfnity seised of the estate haeisy comreyed aud das the right tn gtaut and
<br /> . convey the Property and that d►e Prape►ty is nnencumbeaed.except for cnr.umbrances of reoord.Barrower wanaats and w�l . .:' '`4:- �"
<br /> . � defead genenliy the ritle tn the PmpertY againstaD claims and demands,sabject w any encumbrances of cecord. ,
<br /> 'THIS SECiiRITY INSIRUNNIENN7'combmes umiform ooveaants far nati+amal ase and aon-�ifoim wvepants wiih limited _ Y :� °:
<br /> • � `� variations by jurisdiction ta consunits a�iform seauity insprument wvaing real groperty. . <_ , �
<br /> � ` tJNIFORM[COVENANfS.Boimwer and Lender ooveasnt and ag�as foi�ow� ' .• ?_,
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<br /> .= " . l.Payment ot Prfidpal ead Int�est;PrePayment and Late CharBes. Baaow� shaU Pro�PUY P�Y wh� due t4e ' � - �
<br /> ';.. ' ' • �, pmicipal of and iaterest on the debi evidenced by the Note and anY pmpayme�t and Tate charges dus uader the Note. � ��"�`'
<br /> 2.Iraads for Taaes aad Insuranc� Sub}ect to applipbte taw or w a wiiuea waiver by I.ender,Ba�rowea shall pay tn �;,�"^
<br /> ^ i � Lead�on the day moatliiy paymeats�e due undea the Note,�mtil the Note is paid in faU.a sum("Funds'7 fcn:(a)Yearly taxes ' ���•;`
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<br />-[' ' and asse�sments w6icb may at�ain prioriry over tbis Secarity Instrume.nt as a liea on the P�'oFerty+(b)Ye�IY Ieasehold payments ; �
<br /> ;. • � or gramd ieats on the Pcopeacy,if�►y,(c)YeaziY hazard oz propeny insurance pr�mium�(�Yearly flood insnranse premiums,if , , °���`
<br /> ;x , , anY+(e)Ye�iY mortgage msivance prernuims,if az�y,and(�any smms payable fsy Bomnr�er to I.endex,h►accoidance with the ,
<br /> _ " grovisions of pazag�sph 8,in lieu of the paymea�t of mortgage u�saiance premiwns. 1Tiese items ace called"Esaa�w Items." � " '. •� _ _
<br /> `' . .` . Lender may,at any tirne,coIIect�d hotd Fuad4 in an au�wnt not tn exceed the ma�imum amowlt a leudea for a federaUy re�ated �- - _-_
<br /> `,�`° : ',�� ` mortgage Wan may require for Bormwe�s esaow accauat under the fedeaal Real Estate 5ettlement Procediues Aa of 1974 as -- ----
<br /> ' ,,: . arnended fmm time to time,l2 US.G Soction 2601 et seq. ("RESPA"),unless anoth�law tbat appties w the Fands sets a Ie�sar ..�.�'--
<br /> . amount If so,Lender may,at auy time.coiteci and hold Funds in an amount not w exczed the tesser amo�mt Leudcr ma ���:�
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<br /> f': _ . :. : estunare the arnount of Fands due on the basis of c�urent data and reasonable e.smnates of ac�endiriues of fatime Fssrow Itcans or �_';,4.� .����-
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<br /> ��. . • , othetvvise in accardauce with applicable law. •
<br /> . 'Ihe Fuad�s6aU be held in an mstiw6an whose deposhs are ins�acd by a fedeial agency,instrumenialiry.or entrty Cmcluding _ ,y��•
<br /> ;i"`< � Lender,if Lendc�is sach an eastitudon)or�any Fedeaal Home I.oan Bank.Lender shall apply We Funds to pary the Escaow �;��"='"`=
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<br /> , � � . ' Items.I.ee�der may not charge Borrower for holdiag and applying t6e Funds,annnalty analyzmg the escrow account,or v�ifying � T�,
<br /> ' : . , ,<_ � the Escrow Items,un2ess Lende,r pays Borrowea int�est on the Funds and agplicabk law perrnits l�eadea w make such a charBc. •�•';�!
<br />, a However,Leadea may require Borrower to pay a on�tirue c6arge for an mdependent real e,¢tare ax reporm�g se�vice used by � . . :_
<br /> .. . � Lender in wnneqion with this toan.uniess applicable law grovides othcawise.tJnless an agreement is made or applicab�law .: ='''L":-�
<br /> ` ` • • � � req�es interest to be paid,Lentter shaU noi 6e reqnued w pay Bortowea any interest or eamings an t he Fun d s.Borrowea�d .;,'::�,�•_: '.�!�
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<br /> IRnder may agree in wri6ng,howevea,that mtcrest shall be paid on the Funds.I.end�shall give to Bcumwer.without char�e,an •�'_
<br /> .,'%`' annaal accaunting of the Fands.show�g credits and debits to the F�nds and the p�pose far whicb each debit to the Funds was . ;::.:;.;�:,:<
<br /> ��: ' ., made.'Ihe Fands are pledSed as addi6onal security for all swns seaaed by this Security It�suument : :�"`•
<br /> � , � ' r If the Funds heId by Lender eaceed ihe amoanu permiued w be held by applicabte law,Lender shall account to Boaower for : �"��,
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<br /> � � ' ' t h e e x c e s s Fands in mecordance with the r e q a i r e ments of a p plicable taw.If the amount of the Funds held by Lendca at any time is '!,�,�,
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<br /> not sufficient to pay the Esaaw Items when due,Lendea may so norify Boa�wer ui writing,and,in such case Borrower shaU pay , �.��
<br /> . � � to Lender the amount necessary to make up the defiaency. Botrower shall make up the d�ciency in no mrne thau twelve ' ' -
<br /> ` �.• . � • monthty payments,at Lender's sole discre�on. � �"
<br />_: .:�: � � Upon payment in full of all sums secured by this 5eciuity Instrmnent,Lender shalt prompdy refund w Borrower any Funds ' � `'-�
<br /> � � � hetd by Lender.If.under para�raph 21.Lender shall acquse or sell the Froperry,Lenda,prior to the acquisidon ar salo of the � .
<br /> ' ',; . prop�tyr,shall appiy anY Fnnds hetd by Lender at the time of acquisiuon or sale a4 a aedit against the sums se+aured by thls •�: 2:.:_
<br /> � , Security Instrumen� . . ..
<br /> ... , 3.Appflcation ot Paymenfa Un2ess agpUcable law provides otherwise.all payments received by Lender under P��D� � .
<br /> . ' ' 1 and 2 shall be appHed:fust,to any prepayment charges due undea the Note;second,w amoimts payablc undcr paragaph 2; : � , :
<br /> �� ; third,w interest due:fourth,to principal due:and tast,w anv late charges due under ihe Notc. . �. ,� - �•
<br /> ; . . . 4.C6argest 1.lens. Borrower shall pay all taxes.assessmcnis,charges, fines and impositions aun'butable w the Property '? ;:,.. ,,
<br /> � ,. � �� which may anain prioriry over this Security Inswment,and leasehold payments or ground rents,if any.Borrower shall Day these
<br /> _ , obligations in the maaner providcd in paragratph 2.or if not paid in that manner,Botrower shaU pay them on time direcdy to ihe _ � . � �
<br /> . � person owed paymea��Boaowcr shall yrompily fumish to Lender all notices of amounts to be paid under this paragraph.lf �
<br /> �• `,;�,, � Bonower makes these payment�direcdy.Borrower shall prompUy fumish w Lender receipts evidencing the payments. . ,
<br />- � � , Boaower shatl promptly dischazge any lien which has priority over this Security Insuument unless Borrower:(a)agrees in _ , •. .�
<br /> ' writing to the payment of the obligation secnreA by the lien in a manner acceptahle to Lender.(b)contests in good faith the lien -
<br /> • � � by, ar defends against enfm�cement of the Uen in,legal pmceedings which in the Lender's apinion operate w�revent the ',
<br /> � enforcement of the lien;or(c)secures from the hotd�of the licn an agneement satisfactory w Lender subordinating the lien to .
<br /> this Securiry Insuumen�If Lender detamines lhai any pari of the Properry is subiect to a lien which may auain priority over this . .
<br /> . Security Instrumcnt,Lcnder may give Borrowa a notice identifyutg the lien. Borrower shall satisfy the licn or takc one or more �
<br />. � � � of the actions sct fortb above wi�hin 10 days of the giving of no8ce. .
<br /> . ' Porm 3048 9ig0 �
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