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<br /> TOGETHER WITH all the impro�•emenu now or hereafter erected on the property. and alt ea�tmrnt,.appuncnanceti,and , �_ � _ �.. _-
<br /> t"ixtures now or her�fter a part of the propert}. A{l replacements and additions shall slso be cocered by thi, Security . - -
<br /> instrument. All of the foregoing is referred to in thi,Sce:urity Instrument as the '►'roperty-� --�- '- �•�� �-�- -
<br /> BORROWER COVENANTS that Borrawer is iawfully seised of the e,tate hereb}•com�eyed and ha,the righc tu graat and -
<br /> convey the Froperty �snd that the Property iti unencumhered.except Cor encumbrances uf record. Bor►oaer warrsnt>;utd will �
<br />_ defend generally the title w the Property against all claims and demandti.sub}ect to any encumbrance+of reconl. _ , , .
<br /> TI-aIS SECURITY INSTRUMENT combines unifortn covenants for national use;ind nim-uniform cen•tnants with limited _
<br />� varixtions by jurisdiction to constitute a uniform�e�:urity instrument covering real property• _ -,._ �"�z-.- .-- �--
<br /> UN[FORM COVENANTS. Borrower and Lender rnvenant and agree as fallows: , • .. =
<br /> ' _. S'A.:'.7�+�""___
<br /> t. Payrtnent of P�3sccipal and Interest; Prepayment and Late Charges. Borrower ,hall promptly pay when due the , _
<br /> � principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under ttie Note. _-J' _-�=_~
<br /> 2. Funds for Taxes and lasurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to �;��i �� __
<br />• � Lender un the day monthly paymenis are due under the Note,until the Note is paid in full.a sum("Funds")for: (a)yeacly taaes '=r���te.c-
<br /> • 1 ' . - ,. . '
<br /> and assessmenu which may attain priority over this Security Instrument as a lien on the Property; lb)year�y�easehold payments �,"` �,.��+�.�-===
<br /> � or ground rents on the Properry.if any:(c)yeariy hazardor psoperty insurance premiums:Id)yearly flood insurance premiums. � _ _:-,,�-=-'
<br /> �1 if any: (e)yearly mortgage insurance premiums.if any:and it) any sums payable by Borrower to Lender. in accordance with � _ -- _
<br />� " ti e provisiocu of paragragh$. in lieu of the payment of mongage insurance premiums.These items are called "Fscrow Items." . .. -�--�._�_:. .
<br /> �j Lender may. at any time. collett and hold Funds in an amount not to exceed the maximum amount a lend�� for a federally , � �T"�'�."��'�_=
<br /> � related mortgaez loan may require for Borrower s escrow account under the federal Real Estate Settlement Procedures Act of . , , _ ���
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<br /> ;.� 1974 as amenu� from time to time. 12 U.S.C.Section 2601 et sey. ("RESPA"), unless another law that applies to the Funds • ���'_
<br /> seu a lesser amount. If sfl. L.ender may, at any time. collect and hold Funds in an aznount not to exceed the lesser amount. '�"=�---
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<br /> `� Lender may escimate the amount of Funds due oa the basis of current data and reasonable estictutes of expendi[ures of future ,;��._
<br /> ,� Escrow Items or otherwise in accordance with appli�;able law. � ---. .-' =:� `_-
<br /> °� The Funds shall be held in an institution whose deposits are insured by a federal agency. instrumentality,or entity �+' _ :�
<br /> ; (including Lender,if Lender is such an iestitution)or in any Federa!Home I..oan Bank• Lender shall apply the Funds to pay the �• �F: ' ""
<br /> t Escrow Items. Lender may not charge Borrower for holding and apQlying the Funds,annually analyzing the escmw aaount,or .:�'_
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<br /> verifying the Escrow Items.unless Lertder pays Borrower interest on the Funds and applicable law permiu I.er_der to m a ke such
<br /> , a charge. However. Lender may require Borrower to pay a one-time charge for an independent real estate tau reporting service ���
<br /> � . used by Lender in connection with this loan, unl�ss applicable law provides otherwise. Unless an agreement is made or
<br /> applicable law requires interest to be paid,l,ender shall not be required to pay Borrower any interest or eamings on the Funds. .y .
<br /> - Borrower and Lender may agree in writing,however, that interest shall be paid on the Funds. Lender shall give to Borcn��2r. - `'` •
<br /> without charge, an ann•.:Z? accounting of the Funds, showing credits and debiu to the Funds and the purpose for which each ;�,y�•: �,
<br /> debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Securit� Instrument. ,.� �` !
<br /> ' If the Funds held by Lender exceed the amounts permitted to be held by applieable law,Lender shall account to Borrower '.'•.�?`.�i�� � •
<br /> for the excess Funds in accordance with the requiremen�s of applicable law. If ttie amaunt of che Funds held by Lender at any ' ����`..
<br />' ' time is not sufficient to pay the Escra�v Items when due.Lender may so notify Borrower in writ�ng.and.in such case Borrower � .r;��:.
<br /> � shall pay to Lender the amount necessaq�to make up the deficiency. Bonower shall make up the defciency in no more than ._ �.._
<br /> � -� twelve monthly paymen��.a�Lender's sale discmtion. -- "��'-i
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<br />. . Upon payment in full of all sums secured by this Security Instrument. L.ende� shall prompily refund to Bortower any - �• : _
<br /> � Funds held by Lender. If,under paragraph 21. Lender shall acquire or sell the Properry.Lender,prior to the acquisition or sale
<br /> .? of the Property. shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by • '� .:.
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<br /> �,' this Securiry Instrument. - = __
<br /> � { 3.Appficat4on of Paymenis.Unless applicable!aw provides otherwise.all�Cayments�eceived by Lender under paragraphs ,
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<br /> 1 and 2 shall be applied: first,to any prepayment charges due under the Note; second. to amounts payable under paragraph 2; ��...:�.�.,,,,.,�,.�,,.,., ._
<br /> �� third,to in?erest due:founh,to principal due; and last,to any late charges due under the Note. �_ �x'°�"�`"'��
<br />' ; 4.Charges;Liens. Borrower shall pay all taxes,assessmenu,charges, fines and impositions attribu!able to the Property __
<br /> ; ....� which may attain priority over this Securiry instrumenc, and leasehold payments or�und rents,if any. Sonower shall pay ����__:
<br /> these obligatioac in the manner provided in paragraph 2,or if not paid in that manner,Borrower shaii pay[h�_m on /ime dim,�:i{y —T�=��._•�---,
<br /> � .'� to the person owed payment. Borrower shall promptly(urnish to Lcnder all notices of amounts to be paid un�er this paragraph. - „�
<br /> If Borrower makes these paymenu directly.Botrower shall promptly fumish to Lender receipts evidencing the payments. M�_._..a:.:
<br /> � � Borrower shall promptly discharge any lien which has prioriry over this Security Instrument unless Borrower: (a)agrees in +-��"Y`��� "�.•' '
<br /> ' � writing 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 against enforcement of the lien in, legat praceedings which in the l.ender's opinian operie to prevene the , ' _, .
<br /> '� �. enforcement of the lien: or(c)secures fram the holder of the lien an asrecment satisfactory to Lender subordinating the lien to ,��_..Y��r��j�-
<br /> this Security Instrument. If L.ender determines that any part of the Property ic subject to a lien which may attain prioriry over ,. Y:.•,tl�,:,,,�:„:,,-;,�--
<br /> � this Security Instrument, Lender may give Barrnwcr a noticc identifying the lien. Borrawer shall satisfy the licn or take one or . :,T::w�«:��.�,_
<br /> more of the actions set forth abave within 10 days of the giving of notice. ����'"'S''`'`
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