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<br /> TOGETHER W1TH idl thc improvcmcnts now on c�re:iftcr crectcd on thc property�anci all ruscmcnts, uppuncnuncch,an�i
<br /> tixtures nuw on c�renftcr a part of thc prupcny. All rcpl�cements anJ adJitions shall ahu be covcrcd hy this Sccuriry _
<br /> ; Intitruntcnt. All uf thc foregoing is referred tu in this Security Instrumcnt as thc "Pruprrty."
<br /> BORROWER COVENANTS thut Burrower is lawfully sei+c.�i of thc estatc hrreby convcycd and h�G�thc right to gr�nt and
<br /> �j cuuvcy thr Prupeity and thut tlie Pruperty iti unuicumbercd. cxccpl fur cnrumbrancc, of rca�rd. Rorru+ver��•arrants and �sil l
<br /> �� defend generally the tide to the Property aguinst all cluimti and demands, ruhject ta uny encumbrunces of rerord,
<br /> TH1S SECURITY INSTRUMENT rombines unifnrm crnenants fnr nutiunal usc and non-unifonn ruvenants with limiicd
<br /> �,M��� variations by jurisdiction to constitutc a uniform sccurity in+trumcnt covcring rcul properry.
<br /> - UNIFORM COVENANTS. Borrowcr und l.cndcr covcnunt and agrcc us ti�llows:
<br /> 1. Payment of Principal und Interest; Prepuyment and Lute Char�es. Borrowcr shull pn�mptly pay when due the
<br /> principul c�f und intei•est un the debt evidenced by the Note and any prepayment and late charges due under the Note. —
<br /> ' 2. Funds far Tuxes and Insurance. Subject to applicable law or t��a written wuiver by Lender, Burrower shall pay to
<br /> � L,endcr on the day monthly puyments are due under the IVote, until the Notc is paid in full,a sum("Fundr") for: (a)yearly taxes
<br /> �,� and assessments which may attuin priority aver this Security Instrument us u lien on the Pmpeny:(b)yeirly Iensehold payrnents
<br /> or ground rents on the Property.if any;(c)yearly huirrd or property insurance premiums;(d)yeurly flood insurance premiums.
<br /> �, if any: (e) yearly mortgage insurance premiums, if any; and (�uny sums payuble by Borrower to Lender, in accordance with
<br /> ' the provisions of parugraph 8, in lieu of tlie payment of mortgage insurance premiums. These items ure called"Escrow Items." _
<br />��; '. I,ender may, at any time, collect and hold Funds in An amount not to exceed the muximum amount a Iender for a federally =
<br />� F related mortgage loun muy require for Borrower's eseraw account under the federal Reul Estate Settlement Procedures Act of ���
<br /> ' ' � 1974 as amended from timc to time, 12 U.S.0 Section 2601 e�scq. ("RESPA"). unlrss another law thut applies to the Funds _.
<br />= sets a Iesser umount. If so, Lender may, at any time, collect and hold Funds in an umount not to exceed the Iesser amount. R
<br /> '�� Lcndcr may estimute the amount of Funds due on the busis of currcnt data and reusonable estimates of expcnditures of fuwre _
<br />-. Escrow Items or otherwise in accordance with applicable law.
<br /> „ The Funds shull be hclJ in an institution whose deposits urc insured by a federal agency, instrumentality, or entity —
<br /> (including Lender, if Lender is such an institution)or in any Fcdcral Home L.nan Bank. Lender shull apply the Funds to pay�he
<br /> ' , Escrow Items. Lender may not chargc Borrower for holding and applying the Funds,annually analyzing the escrow account,or
<br /> verifying the Escrow Items,unless Lender pays Borrower interesc on the Funds and applicable law permits Lender tu make such
<br /> � a charge. However, Lender may require Borrower to pay a one•time charge for an independent reul estate tax reporting service
<br /> used by L.ender in connection wrth this loan, unless applicabte taw provides otherwise. Unless an a�reemenc is made or
<br />°,>.�- applicable law requires intcrest to be paid,l,ender shall not bc rr,quircd to pay Borrower any interest or earnings on the Funds.
<br /> •� Borrower and Lendcr may agrce in writing, howevcr, that interest shull be paid on thc Funds. Lender shall give to Borrowcr.
<br /> �•. ,�• �z,,�;� without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br />�' ��� �� debit to the Funds was made. The Funds are pledged as udditional security for all sums secured by this Security Instrument.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law,Lender shall account to Horrower
<br />�.:�;;;� „�•_• • for the excess Funds in accordunce with the requirements of applicable law. If the amount of the Punds held by Lender at eny
<br />' .-. �-.�' time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing,and,in such case Borrower
<br />�=,���.� . shall puy to Lender the amount necessary to make up thr deficiency. eonower shall make up the deficiency in no more thun
<br />;,' :,: '��.' twclve monthly payments,ut L,cnder's solc discretion.
<br />'t�' `� Upon payment in full of aU sums secured by this Security Instrument. Lender shull promptly refund to Borrower any
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<br />�� � `r� Funds held by Lender.If,under paragraph 21, Lendcr shall acquire or scll the Property,Lrnder,prior to the acquisitian or sale
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<br />�; of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by
<br /> "'�'�''-i��•- this Securiry Instrument.
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<br />��;�{ 3.Application of Paymen�s.Unless npplicablc law providcs otherwise,all payments reccivcd by I.endcr under parasraphs
<br />-�r�''d'�'� '� 1 and 2 shull be applied: fint, to any prepayment chnrges due under the Note; second,to amounts payable under puragraph 2;
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<br /> -'�zi',•� third,to interest due;fourth,to principal due:and lust,to any late charges due under the Note.
<br />:,;���'w.-. A.Churges; I.iens. Borrowcr shall pxy all taxes, assessments, churges, fincs and impositions attributable to the Property
<br />���.:�:�:r••r" i which muy attain priority over this Securiry Instrument, and Ieasehold puyments or ground rents, if any. Borrower shall pay
<br />--"°°"�.�� these obligations in the manner provided in paragraph 2,or if not paid in that manner, Borrower shall pay them on timedirecdy
<br /> ��`•' ' to thc person owed payment. Borrower shall promptly furnish to L.ender all notices of amounts to be paid under this para�raph.
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<br />= c���• If Borrower makes these payments direcdy,Borrower shall prompdy furnish to Lender receipu cvidencing the payments.
<br /> ,�°�����"� Borcower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower; (a)agrees in
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<br />=';:� - writing to the payment of the obligation secured by the lien in�i manner acceptable to Lender;(b)contests in good Faith the lien
<br />-�` � �'�� � r by, or defends against enforcement of the lien in, Iegal proceedings which in the L,ender's opinion operate to prevent the _
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<br /> �, _ • enforcement of the lien; or(c)secures from the holder of the lien an agreement satisfactory to I.ender subordinating die lien t�
<br />- this 5ccurity Instrument. If Lendcr determines that any pnrt of the Property is subject to a lien �vhich may attain priority over
<br /> this Securiry Instrument, Lendcr muy give B��rrower a nutice identifying the lien. Borrower shall satisfy the lien or take one or
<br />"_ � morc of thc actions set forth abovc within 10 days of'thc giving at'naticc.
<br />—, Form 3028 8190
<br /> . - Pnqo 1 ot G
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