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<br /> TUC,F.THE:R WITH all thc improvcmcntti now on c�re;�ftcr crcct�d on thc propcny,and a��c:+xn�en��.aPpuncnanres,and =
<br /> tixtures nuw ur hrrcaftcr a pan of ihe property. All replaccmcnts and additions ,hall al>u hc ru��crc�d hy thi> Sccurity �,
<br /> Instrumcnt.All uf the foregoing is referceJtu in this Serurity Instrument ati the 'Pn�perty.° _
<br /> • E30RRO�VER COVF.NANTS thal F3ormwcr i+lawfuilr• �ri�cd of thc c>�atc hercby runv�ycd:�nJ ha.tlic right tu�r.int and �_
<br /> . �• :+� c��nvey the Property and that the Priiperty is unencumlxrai. except i'or encurnbrance,uf rerurd. Buriuw�r�i arrant� and w�ll _
<br /> de(end Fencrally the title to the Propc:ny again+t all ctaims anS demu►d�.subjrrt r��any cncumhr.�nc:+c�f record. _
<br /> •»�'""' THIS SECURITY INSTRUMENT combinc, uniform covenants for national usc:u�d nan-unifunn r�ivcnunts «ith limiteci _
<br /> �"""'�� vsrialiom by jurisdiction to ronstiwte.a uniform securiry insuvment covering real propeny. __
<br /> UNIFORM COVENANTS.Bonower and Lender coven�u►t and abree as follow5: �:.
<br /> 1. Payment of Principal and In�erc+t: Prepayment and Late Char�es. Borrowc� sh311 promptly pay when due che �
<br /> � principal of und interest on the debt evidcnced by the Note and any prepaymene and late charges due under the Note. —
<br /> 2. �nds for Ta�ces and Insurance.5ubject to applicable law ur w a written waiver b}• [.end�r.Borrawer shall pay to �_
<br /> � Lendr.r on the day monthly puymcnts are due under thc Note,until the Note is paid in full,a smn i"Funds")(or.(a)yearly taaes :r
<br /> " �' and asscssmcnts which may attain priority over this Securiry Instrument aa a lien on the Property: (b)year{y leasehold payments �
<br /> c,..
<br /> . or gmund rents on the Property,if any: (c)yearly hazard or propeny insurance premiums;(d)yearly floc�d incurance premiums, _
<br /> if any: le)yearly mortgage insurance premiums, if any; and (t� any sums payablc by Borrower���L.ender,in accordance with _
<br /> the provisions of paragraph 8, in lieu of the paymcnt of mongate insurance pmmiums. These items am called "�.scrow Items." _
<br /> _ Lender may. �t uny time,collect und hold Funds in an :unount not to exm�-d the maximum amount a lender for a federaUy _
<br /> related mort�age loan may rcquire for Borrower's escrow account under the federal Real Estate Settlement 1'rocednres Act of
<br />- • 1974 as amended from time[o time. 12 U.S.C. Sectiun 2601 e�srq. ('RESPA"),unless another law that applies to the Funds r_.
<br />' sets a lesser amaunt. lf co. L.ender may,at any time, collect suid hold Funds in an :unount not to exceecl the lesser amount. _
<br /> ; �,� l.ender may estimate the amount of Funds due on the basis of currrnt data and reasonable estimates of expenditures of future
<br /> Escrow Items or othetwise in accordance with applicable luw.
<br />- 1'he Funds shall be held in an i nstitution whose deposits are insured by a federal agency, instrumentality, or entiry _
<br /> • � (including Lender,if Lender is such an institution)or in any Federal Home Loan Pnnk. L.endcr shall apply�he Funds to pay the -
<br /> , Escrow Items. Lender mny not charge Borrowe�fur holding and applying the Funds,annually analyzing[he escrow account,or
<br />�, verifying the Escrow Items, unless�.en.�ier pays Borrower interest on the Fwids and applicable law permits Lender to muke such
<br /> --- •— iJ{;�tfUU'C. �IVWCVGI. Lcru�r may rr,�cir�Sarsa::�ss to�a;3^•^•�'l!!T!P ShAr�e for an independent real estate tax reporting service _
<br /> useci by Lender in connection with tt�is loun, unless applicable law provides otherwise. Un(ess an agreement is made or
<br />'r'� ' applicable law rcquires interest to be paid,l..ender shall nut be required to pay Barrower any interest or eamirags on the Funds.
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<br /> =_„__.• F,� Borrower and Lender may agree in writing, however, that interest shall be paid on thc Funds. [.end�r shall give to Borrowcr.
<br /> -'""v�"•'" without chu e an annual accounting of the Funds, showing credits und debits to the Funds and the purpose for which each
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<br />='='���'�,.`� debit to the Funds was madc.The Funds a�pledgcd as additional security for all sums secured by lhis Security Instrument.
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<br />�e,;,,�„�:�, _ If the Funds held by L.ender exceed the amounts permitted to be held by applicable law, Lender shall account to rrower
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<br />__;�.a�_�� for the excess Funds in uccardunce with the requi�+ements of applicable law. If the amnunt of the Funds held by[.e er at any
<br /> Y '���T time is not sufficient to pay the Escrow [tems when duc, Lender may so notify Borco�ver in writing, and. in sudi case Borrower
<br />�ay�� shall pay to [.ender the amount necessary to make up the deficiency. Borrower shall muke up the deficiency in no more than
<br /> - twelve monthly payments,at Lender's sale discretion.
<br />�'�'�T�� Upon payment in full of all sums secured by this Security Instn�ment, Lender shall promptly refund to Borrower any
<br /> :�'F�"�.�:� Funds held by Lender. If,under paragraph 21. Lender shall acquire or sell the Pmperty.Lender,prior to the acquisition ar sale
<br /> "=��''-��� of the Property, shall apply any Funds held by Lender at the time of acyuisition or sale as a credit against the sums secured by
<br /> -��- this Security Instrument.
<br /> '��� 3. Application oP PAyments. Unless applicablc law provides atherwise, all puyments received by I.ender under paragraphs
<br /> -�+•��.- 1 and 2 shall be applied:first,to any prepayment charges due under thc Note: second,to amaunts payablc under paragraph 2;
<br /> third,to interest due:fourth,to principal due:and lsst.to any late charges due under the Note.
<br />_•'��', 4. Charges; Lfens.Borrower shall pay all taxes.assessments, charges, finrs and impositions attributablc to the Property
<br /> _ -� which may attain prioriry over this Secutity Instrument, anJ leasehold paymcnts or ground mnts, if any.Borrower shall pny
<br /> - ;�� these obligations in the manner provided in parngraph 2,or if not paid in thut manner,Borrower shall pay them on time directly
<br /> `��;` ro thc person owed payment. Borrower shall promptly fumish to Lender ull notices of amounts ta be paid under this par.igraph.
<br /> If Borcower makes these payments direcdy, Borrower shall pramptly tLmish to L.ender receipts evidencing the payments.
<br /> "'a� Borrower shall promptly dischar�e any lien which hxs priority over this Security instrument unless Borrower: (a)agrces in
<br /> � writing to the payment of the obligation secured by the lien in a mnnner acreptable to l.ender: (b)contests in good faith the lien
<br /> � � • by, or defends against enforcement of the licn in. Iegal pmceedings ���hich in the Lender's opinion operate to prevent the
<br /> enfarcement of the lien;or fc)secures from the holJer of the lien an agreement �.�tisfactory tu L.ender subordinating the I'nen to
<br /> this Security (nstrument. If Lcndcr determincs that any purt of the Property iti subject to a licn which muy uttain prioriry over
<br /> thix Security Instrument.Lendcr may givc Borrower a notice iJentitying the lien.Borrowcr shall�atisf}• thc licn or take onc or
<br /> � more of the actions sct forth above witttin IU days of thc giving of nuticc.
<br /> Fo�m 3028 9l90
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