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<br /> T0�6THBR WITH all the impravemeats tvaw or hereafter crected on the praperty,and�s11 easements.appwtenances,�d _� -
<br /> . .� �xcures nuw ue l�ereafter a part of the property. Ap replacemrnts and addldous shall also be c�vered by thIs Security
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<br /> Tnstwnent.All of die foregoing is referred to in thls Secudry Instnunent as the'Property." .:y��.,;.`
<br /> ....r BORROWBR COVSNANTS dwt Borrawer is lawfully s�ised of the esutte hereby conveyed and has the right to grant and �
<br /> convey the Property aixl tliat tt►e Propeny is uneacumbered. except for encumbrauces of recard. Boaower warrante and will
<br /> defend geaeralty the dtle to die Propeny egaiast a11 claitt►s and de�a�uls,subject to any eacumbrances of record.
<br /> THIS SECURITY 1NSTRUIu�flNT combines uniform covenants for nadoual nse and non•uniforni covenancs with limited ,, �
<br /> vadations by jurisdicdan to consdtute a unifomrn secarlry insmunent coveriag real property. .. .:- °'':i�;,�'
<br /> UNIFORM COVSNANTS. Horcawer and L.ead�r covenaut aud agree as follows: ,r,-;�,�,.�-.-����`_
<br /> 1. Payment of Principal and Intcrat; PrePaYme»t and Late Chargc+. Bonower shall promptly pay when due the ,.,�4:,4 "°"��,�-
<br /> ; pdncipal of and interest on tlie debt evldenced by the Note and anY prePayment and lace char�es due undcr the Note. _
<br /> ' 2, F�und9 for Taxes and Insurnr�ce. Subject to applicAble law or to a wrltten waiver by Lerder, Borrower shall pay to . �
<br /> �r Lencler oa the day montWy payments are ctue under the Note,until the Note is paid in full,a sum("Funds")for:(a)Yearly taaes ' _��
<br /> a n d a s s e s s m e n t s wt�ch ma y�ttain priority over this Security Insuument as a lien on the Property; (b)yearly leasehold paytnents . ;yt;�,,� ,
<br /> � ot grouad mnts on the Property,if auy;(c) Yearly hazatd ot pro�rty insusaece pmroii�ms: (d) Yearly fl o o d insurance Pre m l u m s, ,;.�--`-; -- --
<br /> if an y; (e)yearly mortgage insurAnce premnums. if ar.►Y� and ��an9�Payable by Horrower to Lender,in accordance with ;,;�`���,.�M,:
<br /> the provisions of paragraph 8,in lieu of the payment o f mortgage i n s u m n c e p t e m i u u ti s.'l fi e s e i t e m s a s e c a ll e d 'B s c r o w I t ems• .��,';,,.:�-`- -
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<br /> ,. . LencQer may, at any ume, collece aad hold Funds in an auaount not to exceed th� ma�nu��m e�nouni a lender for a fede Y '`�;�:';";,;-;rn+��Y—
<br /> re for Borrower's escrow account uAder the federal Real Sstate Setilement Faocr.c2aees Act of ,x, �:
<br /> nlnYed mortgage laan may requi �:;;";;:;':`°�----�---
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<br /> 199�as amended fr�m cime to time, 12 U.S.C. Section 2601 et sec�. ("RESPA"),unless anat�er law shat applies•to the Funds .ty .yt'.
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<br /> . sets a lesser amow�at. If so, Lender may, at any dme, collect aad hold Fuads in an amount not to eac,eed the lesser amount• ;4,�=:
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<br /> Lender may estimate the amount of Funds due on the basis of cuircnt daus and reasonable esamates of expenditures of future
<br /> � Esc�w Icems or otherwise in accordance with applicable law.
<br /> `� 'The F�n+ls shall be held i�a an institudon whose deposits are insared by a fede:ral agency, instrumentality, or entity ,��
<br /> � (inclnding Lender, if I.ender is s�ach am ins�irodon)or in affy Federa�Home Loan Bank.Lendxr sh�ll apply the Punds co pay the , •
<br />- �----- Hscro�v ltems. i..ender may nui cuaige 8a;m::er:or t��ItliQo sn�epFtyino�he Funds,annually ana$'ranE the escrow account,or _ 6
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<br /> verifying t1�e fiscrow Items.unless Lender pays Boaower interest on the Funds end appl�csible law perm[ts Lender to make such _
<br /> � a chtuge. However, Lender may require Botrower to pay a one-time charge for an independent c+eal estate tua repordng i�ervice
<br /> � ustxl by I.e�nder in connecdon with this loan. unless appHcable law pravtdes othecwise. Unless an agteee��ent ie rn�de or :;
<br /> applicable law requtns interest to be paid. Lenda sh�ll not be roquired co p�y Bo�wer any int�nst or eunings on the Funds. h
<br /> Borrawez Ancl Leudcr may Agree in wridn8,hawever,that interest shall be paid an ttu Fuods. Lender shxil give to Borrower� _
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<br /> wlthout chxrge, aa Annuxl accoundn8 of tba Fuixls. showing credite pnd debite to the Ft►ncls and du pucpose for whtch eac � .
<br /> � debit to the Funds was made.The Punds are�ledged as addiHonsdl secudty for all sums secured by thj�Secudty 1nstNment.
<br /> l Lei�der shtll account to Borrowcr
<br /> If the Funds ueld by Lender exceed the su�ounts perrnittesi to be held by app lcable IQw. .
<br /> for the eacess Funds in accordance with tUe requircmente of nppticable law. if the amount of tha Funds held by Lender wt aay
<br /> � dme is not s�ficieat to pay the Escrow[tems whea due,Lend�r may so aodfy Borrower in wrlttng,ancl,ln such r.ase Borcower �
<br />- stwll pay to L.ander the amount neoessuy to make up the deficie�y. Borcower shall make up ¢he deficlency in no more than
<br /> • • � .� t�tiLlve montiily paymeuts,at Lendet's sole dlccrtdon. _-
<br /> Upon payment in full of all suro, secured by this Security I�uument. Leurb�t shall promptly refuad to Borcower any �,.
<br /> Cunds held by Lxader. If.under puagraph 21. Lender shall acq�:ire or sell the Property.I.�ndsr.prIor to t�e acquisidon or sale
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<br />;- of the PropertY,shall aPP1Y�Y �S held by Lender at the time of acquisidon or sale as a credit agatnst the sums secund by �:
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<br /> '� � 3.AQplication of Fayments.Unless applicable la�v providea otherwise.all payments received by Lender uuder parag�aphs �,*..... -
<br />=''�� 1 and 2 shall be appued; f�s�, to any prepayment chax�es clae under the Note; second. to amounts payable under paragraph 2; , ..
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<br />��+,4�` .:, third,to interest due;fourtb,to principal due;and last,to aay late chargrs due under the Note. :
<br /> ' g,Clwrges;IAe�,Borrower shall pay all taxes, assessments. charges,fi�s and impositions attributable to the Property ��•-- _
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<br /> wtuch may attain priority ov�r uvs Securiry Iasaument, and IEasehold payments or ground rents, if any. Borrower shall pay .;��__�
<br /> ' thzse obligadoas in the manner pmvided in paraBraPh 2,or if not paid in that manner,Bocrower shall pay them on dmie directly �__�___�__ ,
<br /> t. to the petson owed payment.Bcarrower st�all promptly furnish to Ixnder all notices of amounts w be paid under this paragraph. �r=_��v _�
<br /> �.�'�'�' If�omower ma�Ces these paymeats direcdy,Borrower shnll promptly fumisli to Lender neceipts evidencing ttce paymeats. �� -�-a�',�,�_,'
<br /> a•t Borrower shall promptly discLarBe aby lien which has priority over this Security Inscnan►ent uniess Bor�row�r:(a)agr�es in �:;. ,V
<br /> • writiug to the payment of the a b ligadon sec u r e d by t he lien in a manner accepcable to Lender;(b)contrats in good faith the lien ;,:����"'�?y �+�'�,�...
<br /> U or defends against enforcemsnt of tUe lien in, legal pa'aceediaSs which in tlie Lender's opinion operate to prevent the •,:;Y...�c�•�Y-'�',
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<br /> enforcement of tlie lien;or(c) sec�s from the holder of th�liea an agreement sadsfactory ro Lender subordinatjng the Len to _ _, r._�.. .
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<br /> � ehis Security Ivsmuuent. If Lender deternunes tliat any part of the Property is subj�ct to a llen wluch may attain priarity over - ,, �- •
<br /> this Security Insuvment, Lencler may give Borrower a nodce identifying the liea Borrower shall satisfy the llen ur take onc or ;:-.:t�;��At!'!•'
<br /> more of the acdons set forth above within 10 days of thP giving of nodce. ', , � '
<br /> Form 3028 �0 •
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