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<br /> T0C3ETHBR WITH all the improvements now or hereafter erc�:tcd uu Qie prupercy,luiJ ull easements,appurtent►n�:es,atxl , �
<br /> � fixtures now or liereafter a part of the property. All replacements nnd adtitions shall also be covered by this Security � ,t.}`;�s,.�^�`;=,:
<br /> ���,,..:; littitrument.All of tbe foregoing is refermd to in this Securlry li�.steumeat as the'Propecty," ' �"s?'`��_'_Fy.
<br /> �. :.� BORROWBR COVBNANTS that Borrower is lawfully seised of�he.estate liereby wnveyecl and 6as tUe right ta grant and , �`''_�"-
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<br /> � wnvey the Praperty and that the Property is unencumbered, except for eacunibrauces of record. Bonower warratits und will �'d?�=�°=_
<br /> i defend generally the title co the Prolxcty against all claims and demands,subject to any e�xumbrances af record. CO `� Ft""
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<br /> � THIS SECURITY INSTRUMBNT combines uniforw covenants for uauoual use aud aon-uniforai covenants with limited ! .:� ��--- -
<br /> variations by jurisclIr,pon to consdtute a u�uforni security insuunieat coverin real ro ��.~
<br /> 8 P Pe�3'• �...�-_
<br /> ' UNIFORM COVBNANTS.Hoaower and Lender covenant and agree as follaws: � _ _
<br /> • 1. Payment of Principal and Inter�st; Prepayment a»d Late Char�es. Borrower shall promptly pay when due the �:,;_�
<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. V"�
<br /> ; 2. F�nd9 for TRxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrawer shall pay to ;L_
<br /> �� , lxnder ott tUe day raonthly payments axe due under the Note,undl the Note is paid in full,a sum("Funds")for: (a)yearly taxes Q ;_
<br /> F ;�n d assessmen ts w l uc h may a t t a i n p ri o ri ry o v e r t h i s S e c u d ty I n s w m e n t x s a l i e n o n t h e P ro p e r ty;(b)y e a r l y l e a s e h o l d p a y m e n t s �l � ,r=_—�
<br /> � or ground rents on the Property,if aay;(c)yearly hazard or property insurance premiuws;(d)yearly flood iasurance premiums. _
<br /> � if aiiy; (e)yearly mongage insivaace premiums, if any;and (�any sums payable by Borrower to Lender,in accordence with � ";;°--
<br /> the provisions of paragraph S,in Iieu of the payment of mortgage insurance premiums.lhese items are called "Hscraw Items." :-
<br /> ;,� Lender may, at any pme, collect and hold Funds in an a�nount not to exceed che rp<iximum amount a lender for a federally __
<br /> relxted mortgage loan may require for Boaower's escrow account under the federal Resl Bstate Settlement Proceduns Act of
<br /> 1974 as amended frocu dme to timme, 12 U.S.C. Secdon 2601 et seq. ("RESPA'),unless another law that applies to tha Funds -
<br /> sets a lesser amount. If so, Lendes may, at any time, collect and hold Funds!n an�unount not to exceed the lesser amount.
<br /> Lender may estimate the amount of Funds due on the basls of current data and reasonable estimates of expendltures of future _
<br /> Escrow Items or othenvise in accordance with applicable law. !
<br /> The Funds shall be h�ld in an i�titudon whose deposits are insured by a federal agency, iastrumentality, or entity
<br /> (Including Lender.if Lender is such an insdtudon)or itt any Federal Home Laan t3ank.Lender shall appiy the ruads to pay tiie
<br /> Bscrow Items. Lender may not chazge Borrower for holding and applying the Funds,annually analyziug the escrow account,or
<br />- ' verifyiag the Escrow Items,unless Lender pays Bonower interest on the Funds and applicable law permits Lender to make such _
<br />=�•i�'' a charge. However, Letuler may require Honower to pay a one-time charge far an independent real estate tax reporting service --
<br /> used by Lender in connectioa with this law, unless applicable law provides otherwise. Unless an agcament is made or
<br />_ . ;ipplicablc law requires iaterest to be paid, Lender shall not be required to pay Borrower any interest at earnings on the Fwxls. _
<br />- °• • Bnrrower and Lender u2ay agne 4n�vriang,ho��ever, that interest�hell lx paid on the Funds. Lenc�er shall give to Borrower. r— _
<br /> • ••� without charge, an annual accountiag of the Funds, showing credits and debits to the Funds and the puzpose for which each —
<br />-�r ' � debit ro the Funds was made. The Funds are pledged as additional security for all sums secured by ttus Securlty Instn�ment. -
<br /> If the Funds held by Lend�r exceed the amounts pemiitted to be held by applicable law,Leader si�all account to Bonower =
<br />' ' far the excess Funds in aceordance with the requlrements of appltcable law, If the amoun.t of the Fluxls held by Lender at any _
<br /> �:r��%':c�.� . time is not sufficient to pay tl�e Bscrow It�ms when due,Ixnder may so nodfy Borrower in writing,and,in such case Borrower
<br /> ,=�_L�:.��� x�• shall pay to Lender the amouat necessary to make up the deflciency. Borrowor shall mlke up the deficiency in no more ttu�n
<br /> twelve aroathly payments,at Lender's sole discreuon. _
<br /> ;�1�. •� Upott payment in full af all sums secwed by this Security Insuumeat,Lender shall prompily refw�d to Barrower any �
<br /> ` Funds held by Lender.If,undet pangraph 21,Lender shall acquire or sell tha Property,Lender,prior to the acquicidon or sale =
<br /> ' of the Property,shall apply any Funds held by I.ender nt the time of acquisitian or sale as a credit against the svmE secured by =�
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<br /> . � this Security Insuument. i���p�
<br /> � - 3.Applicatton of Paymenks.Unless applicable law provides othecwise, all payaients received by Lender under paragraphs _--
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<br />=a;,,,�...-.,._._• 1 and 2 shall be applied: first,to any prepayment charges due ander the Note;second,to amounts payablc under paragraph 2; �,
<br /> • ;"` � t�lyd,to interest due;fourth. ro priacipal due;and lust,to any late charges due under the Note. F-
<br />"�"���r`'' . 4. CharQesi Liens. Bonower shall pay all taxes,assessments. charges. fines und iraposidons attributable to the Property - __
<br />"'``. ° wirich may attain priority over this Security Insaument, Rnd leasehold payments or ground rents, If any. Borrower shall pay ��'ii:-
<br />-� these obligadons in the manaer provided in paragraph Z,or if not paid in that marmer, Bonower shall pay them on timc dicectly '��i;i_�_-_
<br /> • ro the rson owed a �'�
<br /> pe p yment_ Borrower shall prompdy furnish to Lender all nopces of amounts to be paid under this paragcaph.
<br /> • If Bonower makes these payrnents direcdy.Borrower shall prompdy furnish to Lender receipts evidencin�the paycnents. ---_—
<br /> . Bonower shall promptly discharge any lien which h�s priority over tlus Securiry Iastrument unless Borrower: (a)agnes in , +::�.-,:�--
<br /> writing to the payment of the obligadon secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lien •�.:�f�---•-
<br /> , hy, or defends agalnst enforcement of the li^n in, legal proceedings wluch In the Lender's opinioa operate to prevent the ���`�`
<br />- rnti�rcement of the lien; ot(c)secures from the hotder of the lien an agreement�dsfactory to Lepder subordinating the lien to �'' �'--
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<br /> • d�is Security Icutrument. If Lender deteanines that any part of the Property is subject to a lien whtch may attain priority over =-.�-��_
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<br /> • this 5ecuriry Insuument. Lender may give Borrower a nodce identifying the lien. Borrower shall sadsfy the lien or take onc or -;:_
<br /> , mnre of the actions set forth above within 10 days of the giving of notice. • +'��`'
<br />- _ _.._ Form 3026 9190 ___-_ _
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