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<br /> 97— ic146�,6
<br /> TOaBTHI?R WITH ull the iroprovcments now an c�renfter erocted on the pro{x:ny. and i►II ensemcnts, appurtcnnnr.cs,and
<br /> �xtures uow nn c�rcuftcr a pun of the propr.rty, AU replacemcnts an� udJitions tihuU ;ds�� hc covcrcd by tl�is Security
<br /> Instrumcnt.All of thc fnregofng is rcfcrred to in this Security Gisttumcnt us the"Pmperty.
<br /> BORRQWER CQVIi�lANTS thut I�orrower le luwfully ceisecS�f the estute hercby canveyecl und hus the right to grant and
<br /> convey the Property uixl tiiut the Praperry is �mencumbered,except fur encumbr.uucs of record. Eic�rrower warru�us und will
<br /> dcfend g¢i�er:�lly thc titic ta thc Propeny ugsinFt all claims and denuuxts,subjcct t��uny cncumbranr�ti of rea�rd,
<br /> THIS SRCURITY INSTRUMGN7'cambines unif��rm �:ovenunth for nationid use cu�d non-unifcrciti� covenants with Nmited
<br /> variation.r•by jurisdicdon t��canstitutc a uniform sccuriry instn�n�cnt cuvcring rcal pmperty. "`
<br /> UNIFORh9 COVL'NANTS.&�rrower und Lcnder covenant unci ugree as follows:
<br /> I, Wyme�nt ot Principwi and Interesh. Prepslyment pnd [.ate Chwrgey. Eiorrc�wcr �hull prompQy pay when duc the
<br /> principal of end interest on the debt evidenced by the Note and any prepayment ancl late charges due u�xier the Note.
<br /> 2. Funds far Taxea �nd Insurance.Subject to a�pplicable luw ar to a written waiver by Lertcier, Borrower shall pay to
<br /> l.ender on the day monthly payments are duc under thc Notc,until the Note is paid in full,u sum("Funds") fur:(a)ycarly taxes _
<br /> and ussessments which muy nttainpriority over thi�Security Instn�ment us u lien on tl�c Propeny;(bl year�Y �caschold payments
<br /> or ground rents on ihe Propeny.if any;(c)yearly hazard or proQerty insuranoe premlums:(d)yeurly flood insurance premiums,
<br /> if any; (e)yeurly mortguge insurance premiums,if:iny;and(E) any sums pnyuble by Borrower tu I.e��der, tn acco�lttnce with
<br /> the provisions of paragrnph 8, in lieu of tho paymcnt of mongage insurance preniiums. These items are called"Gscrow Items."
<br /> L,ender may. at any timc, collect und hold Furids in an amount not to excecd thc muximum amount a lender for a fcderully
<br /> relatai mongage loun may require for Borrower's escrow account under the federal Real Estute Setdement Procedures Act of
<br /> 1974 as ame�xlc;cl from timc ta time, 12 U.S.C.Section 2601 pr.ceq. ("RESPA"),unless nnother!aw chat applies tu the Funds
<br /> sets a Iesser amount. If so, I.ender nwy. at uny titne, collect and hold Funds in an umount not to exceed thc lesser amount.
<br /> I.ender may estimace the umount of Funds due on the basis of cumnt data and reasonable estimates of expenditures of future
<br />� Escrow Iteins or otherwise in accordance with applicable law.
<br /> The Funds shall be held in an instltution whose de�sits are insurod by a Federal ugcncy, instrumentulity, or entity
<br /> (including I.ender,if Lender is such an institutian)or in uny Federal Home Loan Bank. Lcndcr shall npply thc Funds to pay tl�e
<br /> Escrow Items. Lender may ix►t charge Borrower fur holding end applying the Funds,annually analyzing the escrow accaunt,or
<br /> verifying the Escrow Items,unless Lender pays Borrower interest on the Fu�ds and epplicable law pertnits L.ender to make such
<br /> n charge. However, Lender may reyuire Barcower to pay a one-time charge for fln independent real estate ttu reporting service
<br /> used by Lcnder in connection with this loan, unless applicable luw provides otherwise. Unless an ag�ament is made or
<br /> applicabic law requiics interest to be paid,Lendcr shall not bc required to pay Borrower any intcrest ar earnin�s on the Funds.
<br /> Suiiu:�er a�L:.:s.:�r z'..=y set==l�`•"ri'-'-no, !"-^wever,that interest shall be paid on the Funds. Lender shall givc to Barrower.
<br /> without ct�arge. an annual accounting of the Cunds, showing credits and debits to the Funds and the purpose for wlucn each
<br /> debit to the Funds was madc.Tlu Funds aro pledgcd as udditional sccurity for all sums secured by this Sxurity Instntment.
<br /> : If the Funds held by I.ender exeeed the anwunts permittal to be held by applicable law. I.ender shaU account to Borrower
<br /> far the cxccss�unds in nccor+danc�with the requirements of applicable lav�. If tha a�wunt of the Funds held by Lender at any
<br /> time is not sufficient ta�ay the Escruw Items when d�e,i.ender may so notify Borrow�r in writing,a�tid,in such case Borrower
<br /> sha11 pay to L,ender tho amount necessary to make up the deficiency. Borrower aball make up►he deficiency in no more thnn
<br /> twelva monthly payments,at Lender's sole discrotion.
<br /> Upon payment in full of all sums secured by this Security Instniment, l.ender shall promptly rcfund to Bocrower any
<br /> Funds held by Lec�der,[f,under paragraph 21.Lender shall acyuire or sell the Property.Lender.prior to the acquisiaon or rale
<br /> of tt►e Property, shbll apply unY Funds held by Le[xler at the time of acquisition or sale as a ctr.dit against the sums socural by
<br /> this Security Instnrment.
<br /> 3.Applicatbn oi Fayments. Unless applicable law provid�otherwise,all payments roaivod by Lender undcr parngrephs
<br /> l a[ad 2 shall be ep�lied: first,to any prepayrnent charges duc uncler the Note; second, to amoants paysble under puagmpb 2:
<br /> third,to inter�st due;founh,to principal due; and last,to any late charges due under the Note.
<br /> 4. Charges;Lie�s.Harrower shall pay all taxes,assessments, ct�arges,fines and impositions attributable to the Property
<br /> which may attain priority over this Sccuriry Instrument. and leasehold payments or gmund rents, if eny. Borrower shall pay
<br /> thesc obligations in the manner provided in paragrdph 2, or if not paid in that munner. Borrower shall pay thcm an time directly
<br /> . to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to bc paid under this parugraph•
<br /> if Borrowcr makes these payments dir�tly,Borcower shall pmmptly fumish to Lender rcceipts evider►cing the payments.
<br /> Borrower shall prc,mptly discharge any lien wiiich has priority over[his Socurity Instn►tnent unless Borrower:(a)agrecs in
<br /> writing to the payrtxnt�f ihe obligation secured by the lien in a manner acceptable to Lender;(b)contests in aood faith the lien
<br /> by. or deftnds against enforament of th� lien in. legal procoedings which in the Lender's opinion operuce to prevent the
<br /> enforoement of the lien; ur(c)secures from the holder of thc lien an agreement satisfactory to Lendor subordinating the tien to
<br /> thi�Socur+ty Instrument.If Lender determines that any part of thc Property is sub}ect to a lien which may attain prioriry over
<br /> this Security In�trument, Lender muy give Aorrower a notice idcntifying the lien.Borrower shall satisfy tha lien or take one or
<br /> � more of the actions set�'onh above within 10 days of the giving of notice.
<br /> Form 3028 9/SO
<br /> Psqr 3 of 8
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