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<br /> � TOGBTHP.R WITH all thc impr�vements now or hereufter erected on the propeny,und all 97�ts.0 p�u�c�rt�es,und
<br /> fixtures now or hereafter a pnrt of the property. All replacements nnd additiuns shull also be covcred by this S�curity
<br /> Instnuncnt.All of thc faregoing is referred to in this Security In�trument as thc"Propeny."
<br /> ,� BORROWER COVENANTS that Bonowcr is Iawfully scised of the c5tntc hcreby ccmvcycd und hus thc right ta grunt und
<br /> =�� convey the Propeny und that the Property is unencumberecl.excr.pt f'ur encumbrances of rccord. Borrower warrents nnd wiU �
<br /> � defend generully the title to the Property against all clsims nnd dernands,subject ta uny encumbrunces of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for natianal use and nan-unifortn covenants wiih limlted
<br />�. variations by jurisdiction to constitute a uniform security instrumeni c�vering reAl property.
<br /> � UNIEORM COVENANTS.Horrower and l.ender covenant and agrce as follows:
<br />-� 1. Payment of Princihal and Interest; PrepAyment and I.ate Charges. Borrower shall promptly pay when due the
<br /> :1�,� . , principal of and interest on the debt cvidenced by the Note and any pre,pay�nen�and l�te churges due under the Note.
<br />`;�_., 1, Fuqds 6or Taxes and Insurnnce. Subject to applicable law or to a we�itten waiver by 1Lend�r, Borrower shall pay to
<br /> Lender on the day monthl}(�:;�ments are duc under the N��te.until Ihe Notc is paid icti full,a sum("Funds")fvr:(a) ycar�y taxes
<br />.r�', anc!asscssm�nts��•t�ich ma��a:t.�in priority over this Securiry Instrument os a lien on t6m Property: (b)yearly IEa��ehald payments
<br /> -- � or ground r�a�ts on�the Prap�rt�,it'any;(c)yearly haz�ird or propeny insurance prenaiums:(d)yearly flood insu�ancc premiums,
<br /> �• , if uny; (rl y���rlg mortgage insurance prxmiums, if any; and(� anY sums payablc by Bonower ta l.ender, in accordence�vith i
<br />`=`,':�t�i':�� :hr pro��isioe�s nf parngraph fi,in lieu �f thr payment of mortgnse insurance premiums.Thase items are calleci "Escrow Items."
<br /> ='n`-�+ Lenrier may, at any time, callect and hold Funds in un amount not to exceed the muximum amaunt a lender for a fec1er�Jig
<br /> �— r�eluted mortsage loan may reqnire for Bonower's escrow account under the fe�leral Real Estate Settlement Procedures Act af
<br /> A:� 1974 as umended from time to timc. 1�U.S.C. Section 2601 et serf_ Q'RIESFA"), unless another law thut applies to ihe Funds s.,.
<br /> �� sets a lesser �mount. If so, Lxnder m�y, at any time, co l lect an d hn:id Fu n ds i n a n a mount not to exceed the lesser acnount.
<br />' ,�,S Lender may estimate the amount of�unds duc on the basis of current datn and reasonable estimates of expenditures of future
<br /> ` — Escrow Items or otherwise in uccordance with applicable law.
<br /> �� Thc Funds shall be hc:ld in an institution whose deposits are insnrcd by a federal agency, instrumentality,or entity
<br />�� (including Lender.if Lender is such an institution)or in any Feciera! Home Loan Bank.L.ender shall apply the Funds to pay the _,
<br /> _° Escrow Items. I..ender may not charge Borrawer for holding and applying the Funds. annually analyzing the escrow account, ar
<br /> verifying the Escrow Items, unless l.ender pays Bonower interest on the Funds and applicable law permits Lender to make such
<br /> — s��a.a,�. However.Lender may require Borrower to pay a one-time charge for an independent reni estate tax reporting service
<br /> used by Lender in connectian with this loan, unless applicable law provides ot�►erwise. Untess su u$rc�►rcat is m^»cie or
<br /> applicable law requires intcrest to be paid,Ixndor shall not be required to pay Barrower any interest or eamings on�he Funds.
<br /> Bonowcr and I.ender may ugree in writing, however, that interest shall be paid on the Funds. Lender shall give to Bonower,
<br /> without charge, an unnual accounting of the Funds, showing credits end debits to the Funds and the purpose for which�ach
<br /> debit to the Funds was made.The Punds are pledged ns additional securiry for all sums secured by this Security Instrument.
<br /> If the Funds held by L.ender exceed the amounts permitted to be held by applicable law.Lender shall account to Bonower
<br /> for the excess Funds in uccvrdanre with the requirements of applicable law.If the amount of the Funds held by L.ender at any
<br /> time is not sufficient to pay the Escrow Items when due.Lender may so natify Borrower in wdting, and,tn such case Borcower
<br /> shall pay to Lender the amount necessnry to muke up the deficiency.Bonower shall make up the deficiency in no more than
<br /> twelve monthly payments.at Lender's sole discretion.
<br /> Upon payment in full of all sums secured by this Security InstNment. Lender shall promptly refund to i3orrower any
<br /> Funds held by Lender.If,under paragraph 21, i.ender shall acquire orsell the Property,i.ender,prior to the acquisiuon or sale
<br /> of the Propeny, shall apply any Funds held by Lender at the tirne of ncquisition or sale as a credit against the sums secured by
<br /> this Security Instrument.
<br /> 3.ApPltattion ot Ps►yments.Unless applicable luw provides othenvise,all payments re�eived by Lender underparAgt�phs
<br /> 1 and 2 shnll be applied: first, to uny prepayment chncges due under the Note; second,to amuunts payable under parbgrup3�2;
<br /> third,to interest due;fourth.to principal due;and Isut,to any late charges due under the Note.
<br /> 4.Charges; Lfens. Borrower shall pay all taxes,assessments. charges, fines and impositions attributable to thc Property
<br /> which may attuin priority over diis Security Instrument, and leasehald payments or ground rents, if nny. Borcower shall pny
<br /> these obligattons in the manner pravided in paragraph 2,or if nat paid in that [nanner,Borrower shall pay them on time directly
<br /> to the person owcd payment.Borrower shull promptly furnish to Lendcr :�ll notices of amounts to be paid under this paragraph.
<br /> If Aorrower makes these paymcnts directly,Borrower shall promptly fumish to Lender receipts evidencins the payrnents.
<br /> Borrower shall promptly dischurge any lien which has priority over this Security Instrument unless Borrower:(a} agn�s in
<br /> writing to the payment of the obligntion see:ured by the lien in a marxner acceptable to Lr.nder;(b)contests in�ood faith the lien
<br /> _= by, or defends against cnforcement of the lien in, legal procccdings which in the Lender's opinion operate to prevent the
<br /> enforcement of the lien;or (c) sceures from the holder of the lien an agreement satisfuctury to Lender subordinating tt�e lien to
<br /> - chis Security lnstrumen[. A£Lender dctermincs that any part of the Property is subject to a lien which may attuin priority over
<br />=="?;r±� this Security[nstrumcnt, Lender may give Borrower a notia idcntifying ttie licn. Borrowcr shull satisfy the licn ortake one or
<br /> -'�-%,�;� more of ar�actions set f'orth abovc���ithin 10 duys of thc giving of noticc.
<br /> Form 3028 9190
<br /> — Pafla t ol G
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