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<br /> .�, TOGETHER WITH all thc improvcmcnts now on c�rcuftcr crected on thc propcny, und ull cu,cm�ntti.uppurtrnunccs, und �`:
<br /> - � ' 1' fixtures now nn c�rcaftcr a purt af thc prc�perty. All repluccmcnts und ndditionti shull ulsu hc cavrrcd hy ihiti S;curity __,
<br /> Instrumcnt. AU�,f�hc fi�rcg�inF is refcrrcd to in this Scruriry [nstrument a�ihc "Prup�rry."
<br /> ' .,���. BORROWER COVENANTS thut Bnriowcr i+luwfully scised ot'thc cstate hcreby ci�mcycJ und liu.th� righ�tu granc and �--
<br /> . ''*- � convcy thc Propeny nnd that thc Property is uncncumhcrcd, except for cncumbrunces of recurd. 13arrowcr wurrnnt+ und will �
<br /> defend generally the title to the Property aguinst ull cluims and demunds, xubject to,�ny encumbrunces uf record. �
<br /> �� THIS SECURITY INSTRUMENT combinc:s unifarm covenimts for nationul usc und non-uniform covcnunts with lirnited _
<br /> `•• � variations by jurisdiction to constitutc a uniform sccurity instrument covcring rcal propeny. __
<br /> � � UNiFORM COVENANTS. Borrower and L.ender covenunt anJ i�grec a�f'ollows:
<br /> � �� 1. Pnyment of 1'rincipal and Interest; Prepayment and I.ute Char��. Borrower shull promptly puy when duc thc �
<br />� '�7 principal of and interest on the debt evidenced by the Note and uny prepuyrnent And lute cl�nr�;es due under the Note.
<br /> • �` 2. Funds far Taxes�nd Insurance. Subject to applicuble law or to a wiitten waiver by I.cnder, Borrower shall puy to __
<br /> Lender oq the day monthly puy�tients are due under the Note,until the Notc is paid in full,a sum("Funds")for: (a)yrarly taxes
<br /> and assessments which may atcain priority ovcr this Security Instrument as u lien on the P�operty; (b)yearly leasehold payments __
<br /> ��� or ground rents o�the Property, if any;(c) yearly hazurd or property insurance premiums;(d)yearly flood insurance premiums,
<br /> if uny; (e)ywrly mortgage insurance premiums, if any; and (�any sums payable by Bonower to Lender, in accordance with
<br /> �� ;`��:"' the provisions of paragraph 8,iii lieu of the payment of mongage insurunce premiums. These items are called "Escrow[tems." _
<br /> �`• �"'`'� �. �`. L.ender may, n[ t3ny time, collect and hold Funds in an umount not to exceed the maximum amc�um a lender for a federally -
<br /> , �,,.. -
<br />-,��.I:°�1.' related morcgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of =
<br /> `��;�'''�'•' ��"�` 197A as nmendeci fro��i time to time, 12 U.S.C. Section 2G01 er scq. ("RESYA"), unless another law that applies to the Funds -_
<br />�1ti`��'�•`�'��� sets a lesser amount. If so. Lender may, at uny time, collect iind hold Funds in an amount not to exreed the Iesser amaunt. --
<br />` ''t`�°',''�'>r�� ,�r' Lender may estimatc thc amount of Funds due on thc busis of current duta and reasonable �stimates of expendiwres of future
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<br /> y�;''� k;;, Escrow Items or otherwise in accordance with applicublc Isw. —
<br />'' � The Funds shall bc hcld in un institution whose deposits arc insumd by a federnl agcncy, instrumentality, or entity
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<br /> v� '�' (including L,ender,if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay t e
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<br /> �•'4 ° Escrow Inems.L,endcr may not charge Borrower for holding and applying thc Funds,unnuully annlyzing the escrow account,or
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<br /> ;;,,�;;• vcrityiag::c Escro::Itc:ns,a.^.l�ss L�nder �ays Aorrower interesc on the Funds:�nd upplicable law permits Lender to make suc
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<br />,�+�^���• n charge. However,l.ender muy reyuire Borrower to puy a one-time charge for an independent renl estate tax reportiag serv►ce
<br />��^�-' k�,: uscd by L.cndcr in cunncctian with this loan, unless applicnblc luw provides othcrwise. Unless un agrcement is made or
<br /> —'=���4�; applicablc law requires intcrest to bc puid, L.cndcr shull not bc rcquiral to p,iy Dcurowcr nny intcrest or carnings on thc Funds.
<br /> -==-r« Borrower nnd L�:�xlcr may ngrcc in writing,howcvcr, thut intcrc+t shull bc paid�m the Funds. Lendcr shull give to Borrowcr,
<br />_�._'�'�� without chu�gc, an nnnuul uccounting of thc hunds, showing crcdits und dcbits to th� Funds und thc purpose for which cach
<br /> �'�"� eleblt ta thc Funds wss made.The FunJs ure pledged ns i►dditionid xccurity for all sums secured by this Security Instrument.
<br />- --����� If thc FunJti held by I.cndcr excecd thc amounts permitted to bc hcld by applicuble luw, Lendcr shull account to Borrower
<br /> -- �-"��-�� for the excess Funds in accorJance wieh thc rcyuirements of applicable law. [f the :imount of the Funds held by I.ender at any
<br />�� time is not sufticient ta puy thc Escrow Itcros whcn due, Lcnder may so notify Borrawer in writing,nnd,in such case Borrower
<br /> --•.--�,�� shall pay to L.ender the umaunt necessury to make up the deficicncy. Borrower tihull muke up the deficiency in no more than
<br /> --� twelve monthly payments, at L.endcr's sol�discretion.
<br /> ---= Upon payment in full of all sums secured by this Securiry [nstrument, Lender shall prompNy refund to Borrower any
<br /> — - Funds held by L.ender.If, under paragraph 21. Lender shall acqiiire or sell the Property,Lender, prior to the acquisition or sale
<br /> �-- of the Property, shall upply any Funds held by I.ender at the time of acquisition or s�le as a credit against the sums secured by
<br /> this Security Instrument.
<br />=�;r� 3.Applicatlon of Payments.Unless applicable law provides ntherwise, all payments receivcd by L.ender under parasraphs
<br /> - - �•::�•= 1 and 2 shall be applied: first, ro any prepayment charges due under the Note; second, to umounts puyable under paragraph 2;
<br /> - -= third,to intcrest due; fourth,to principal due;and last,to any late churges due under the Notc. —
<br /> _— ,�-- __ 4.Charges;Liens. Borcower shall pay all tuxes,assessmcnts, charges, fines and impositions attributable to the Property
<br /> � which may attuin priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrowcr shall pay
<br /> 'r'°""°'� thesc obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall pay them on timc directly
<br /> —°,,.��� to the person owcd payment.Borrowcr shull promptly furnish to Lender all notices of amounts to be paid under this paragraph.
<br /> �=��a�,� If Borrower makes these payments directly,Borrower shall promptly furnish ta Lendcr receipts cvidencing the puyments.
<br /> -��+�;�e,y•`� Borrower shall prompdy discharge uny lien which has priority over this Security Instrument unless Borrc�wer: (a)agrees in
<br /> -�``T'd`�'''� �vriting to the p�yment of the obligution secured by the lien in a munner aaeptable to Lender;(b)contests in gcwd faith the lien _
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<br /> "=�'"':�`-�`� by, or defends against cnforcemcnt of the lien in, Iegal proccedings which in the Lender's opinion operatc to prcvent the
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<br /> �,;�.,_ ,�_.g . entorccment oP thc lien;or(c) sccures from the holder of thc licn un ubrccment satisfactory ro Lcnder subordinating tlic ien to
<br /> �"?"::'' =� this Security inntrument. If Lender determines that any pxn e�f the Property is tiubject to u lien which may uttuin priority over
<br /> , • this Security lnstrument, Lcnder may give 9orruwcr a notice identifyinb tlic licn. Borrowcr shall sutisfy the licn or t,�ke one or
<br /> •'��'• • • more of the actions set forth above within 10 days of chc giving of notice.
<br /> � Form 302B 8190
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