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<br /> 7'4t.iFT'HER WITFT nl! thc impravcments now on c�rcufccr crccted on thc property,tuid all cascmcnts,nppuncnunccs, and � �_
<br /> Cuctiucs now an c�reaitcr a part of thc property.Atl rcplsu;cmcnts nnd addiaons shall also be covcrcd by this Sccuriry[nswment. '• -
<br /> All of U►e foregofng is refemed to in�his Security Inswmcnt as thc"Froperty." � ;,L
<br /> BORROWER COV�NANI'S that Borrowcr is IawfuUy seised of the estate hcre6y canvcycd and hns the right to grnnt end 4 , �
<br /> convey the Pmperty and that the Property is unencum6crcd, cxcept far cncumbrances of record. �orrower wnrrants and wiq
<br /> .. ; defend generally ths dtl�e to the Property agair►st ali clnims and clemands,subject w Any encumbranees of iecord. .
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<br /> �„ THYS SECURITY INSTRUMENT combincs uniform covenants 4'or nadonal usc and non-uniform covcnants with limited , .
<br /> � variadons by jurisdicdon to constitute a unifarm security insRrument covering real property. �
<br /> Ui+IIFORM C'OVENANTS.Borrower and l.ender covenant and agrce as fallows: � . .. . ;''.
<br /> 1.Payment oi Principal and Interest;Prepayment and Late C6arges. Borrower shall pro�npdy pay when duc the •':�4���.:
<br /> principal of and interest on t he de bt evi den c e d by t h e N o t e a n d a n y p r e p a y m e n t a n d l a i n c h a r B e s d ue under the Not�. . '•" "::,,��� _
<br /> Z,l�nds forTaxes and InsurAnce. Subjact to applicable law or to a wriuen waiver by L.ender. Borrower shall pay tn Y: :�'•��'�:
<br /> Lender on the day monthly payments are dua under the Note,unW the Note is pud in full,a sum("Funds")for:(a)yeuly taxes �. .,.:,;
<br /> and aSSessments which may attain priarity over this Securiry Insuument as a Gen on the Property:(b)yearlY leasehold payments :�,'.�,�,�
<br /> � earl Flnnd insurnnce premiums,if ':-."'•`u�°�_�-—
<br /> _.1 or ground renLS on the Property,if any;(c)Yearly ha7�trd or pruperiy u�su;ancc ptemium..:{d?Y Y .._ .._;?,�,—.�-
<br /> - : , � any�tC� }��I� AIGi�gB�a:{i1tii1l8ifw ptemiLSns. if any; and (�any sums payable b� Borrower to Lend�r,in accordance with the � -_-- —
<br /> . prc�visions of paragreph 8, in lieu of the payment of'mort�age insuiancci premlums. These items ure called "Escrow Items." i�r�
<br /> L,ender may,at eny ti�e,collect and hold Funds in an amount not to exceeci the maximum amount a lender for a fedr,rally relatcsi , ;„
<br /> >: ' mart ga ge loan ma y mquire for Sorrower's escrow account under the federal Real Esta�te Settlement Procedures Act of 1974 as •�;,r�_-
<br /> amended fronn dme to time, 12�J.S.C. SccUon 2601 et seq. ("R E S P A"),un less a n o t h e r l a w t h u t a p p li e s t o t h e F u n d s s e t s a l e s s e r '.`�;-�.v—
<br /> _� amount If so,Lrander may. at eny time, collect and hold Funds in fu►amount not to exceed the lesser amounG I.ender may �__A�.�—. "�.=�
<br /> � estimate the amount of Funds due on the basis of cucrent daut and re�sonable estimates of eapendidues of fuwre Escrov�+Icems or ri•�}��,—
<br /> � � othenvise in accordance with�pplicable law. �`:.��5':���--
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<br /> ltie FLnds shall be held in an u►sdaidon whose deposits are insured by a federnl agency,instrumentality.or endry (including i's�:;w`.��'�' �4
<br /> 1 the Funds to pay the Escrow �:.t•
<br /> Lendcr. if I.endw is such an insdtudon)or in any Fedc�ral Home Latm Bank. I.ender shaU app y :
<br /> � Items.I.ender mt�y not c6erge Borrower for holding and applying tho Funds,aru�ually analYzinB the escrow acc°unt,°i verifyin� : ��
<br /> �' the Bscrow Items. unless Lender pays Borrower interest on the Funds and applicable law permi�s Lender to make such a chazge. ,,,,
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<br /> H�aaver,I.ender may require Borrower to pay a one-dme charge for an independent real estaee tax rePortinS serv�ce used hy ;:
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<br />��� ' t Ler_der in co�ection�vith this loan� unless applicabte taw provides o�nerwisC.Uu�c��z agr'acn�i u rnsde�:arg'�.h�A tAw � F.
<br /> ' �� requires inter,est to be p�id,Lcnder shall not be required to pay Borrowcr any interest ar eamings on the Funds.Boaower end ..
<br /> � Lender may agrce in wridng,however.that enterest shall be paid on the Funds.I.ender shall give to Borrower,without chttrge,t►n �
<br /> annnal accountinng of the Funds,shawing credits and debits to the Funds and the purpose for which each debit to thn Funds was �"
<br /> �'� •• made.'If�e Funds are pledgeQ as addiaonal security for all snms secured by this Securlty Insuumen� ,,. �
<br /> ``' '` If the Funds held by I.ender e.xceed the amounts pecmitted to be held by applicable law,I.ender shall account to Botrower for
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<br />- the excess Funds in eccordance with the req�ements of applicable law.If the a�nount of tho Funds held by Lender at any time is ;
<br /> not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writin�,and,in such case Borrower shall pay _ .
<br /> co Lereder the emount necessery to make up 1he deficiency. Borrower shaU make up tho de�ciency in no more thnn cwelve -
<br />_ • monthly paymcnts.at Lender's sole discretion. �:a�•-
<br />= , Upon payment in full of all sums secured by thi,Securiry Instrument,Lender shnll prompdy refund to Borrower any Funds _ —
<br />-• •�.. � held by Lender.If,under paregraph 21,l.ender shall acqulre or sell the Property.I-ender,prior to the acquisidon ar sala of tho _
<br /> .�;� ��� ��' `';�+�ti�,' Prope.rty,shall npply any Funds held by Lender as the time of acquisidon or snle as a credit against the sums secured by thia _
<br />- � - Socurity InslrumenG t
<br /> • 3.Applkatbn ot Payments. Unless applicable law provides olherwise,a11 payments received by Lender under paragap�� __
<br /> 1 and 2 shall be applicd: first,to any prepayment charges due under�he Notc;se�ond,to amounts payablc under parap�rap
<br /> _ .� , third,to interest duc;fourth,co principal due:and lest,ta any late charges due under the Note. �Y��``-- -
<br /> j_ : ,, : 4o Charges;Lkns. Bnrrower shall pay all taxes.assessments, chtirges. fines and imposidons attributable to the Property �;,,_ —
<br />_- ••-x�•�•.. � whicl�may auain priority over this Security Inatr�ment,and leasehold payments or ground rents,if any.Borrower shall pal�these ��
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<br /> - � ' , obllgations in the menner pmvfded in paragraph 2,or if not paid in that manner,Rorrower shall pay them nn time diractly to the ,:_,._�—�
<br />- � � � +� }xrson owed paymen�Borrower shall prompdy fumish to Lender all e►ouces of amounts to be paid under this paragraph. If F�+__
<br /> ~{i�• � gorrower ma3c�s tt�ese payments direcdy,Borrower shall prompdy fumish to I.ender receipts evide�cin�g the paymenu. .�i �_
<br /> ;.'',.';'. ' 13orrower shall promptDy dlsc;herge any lien which has priority over this Security Instrument unless Borrower:(a)ageCS in '-�-°--;.___.
<br /> _ wridng to the payment of the obligation se�ured by thc lien in a manner acceptable to Lender,(b)contests in good faith thc lien .--;----�---a-"°'
<br /> "� by,or defends against enforcement of the lien in. legal proceedings which in ihe Lender's opinion operate to prevent the y�;,��,�r�oY:z'�::
<br />�:�� .. A, enforccsment of the lien;or(c) secuma from the holder of the lien an agrecment satissfactnry to 1-ender subordinaring ihe IIcn to ;.`��:..�`�'�.�„�`_-�v�;�,`
<br /> `-� this Securiry Instrument If Lender detem►ines that any part of the Property is subject to a lien which may attain priority over this • �'"^,,�,���i�:
<br /> Securiry Ins2rument,L.cnd�r may give Borcowcr a noticc identifying the lien. Borrower shall satisfy tho Gen or take one or more h�:�;�:-.���
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<br /> � of the acds�ns set forth above within 10 days ot the giving of notice. .. �'�`::"'' �•
<br /> _ _� Form 5028 9190 ' � �
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