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<br /> TOOETHIER WITH all the improve►nents now oA i��cements�and additt na shul A�x'c�b� covercdPbyrthisnSecuriy
<br /> tixtures now or hereufter a purt of the property. p
<br /> lnstrw►�e►it.All uf t{n�furegoing is mfenecl to in this Secu�ity Instnunent as the"Property."
<br /> BORROWER COVENANTS ihat Borrower is lawfully reisal of the estate hereby convcycd su►d hus the right tu gruut aixi
<br /> convey the Property and that the E'roperty is unencumtxred, except for encumbrances of record• Barrower wnrcants and will
<br /> defend generally the title to the Property ugainst nll clatms and demands.subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combinos uniform covenants for nntiannl use and non-uniform covenants with limited
<br /> variatlons by jucisdicdon to constitute n uniform securlty instrument covering rc.�l propertY•
<br /> EJNifORM COVENANTS.Sorrower nnd i.ender co netnAnnt��`e C���°�rrowcr sUall prompdy pay wlien due the
<br /> 1. Pnyment o!Princlpstl and Interest; FreimYme re ment and late charges due under the Note.
<br /> principal of and interest an the debt cvidenced by the Nate und any p paY
<br /> Bormwer shall pay to
<br /> 2, �mtc [or Tiaees ond Insu�nee. Subject to appltcublc law or to a written wniver by Lender.
<br /> Lcnder on the day monthly payments are due undcr the Natc,untll the Note is paid in full.a sum("Funds")for:(a)yearty taxes
<br /> and assessments which may attain�+riority over this Secudty Instcument as a lien on the Froperty: (b)yearlY leasehold payments
<br /> oti�graund rents on the Properey.if any;(c)yearly i�azurd ar ProPertY insurance prcmiums;(d)ywrly flaad insurancc premiums.
<br /> if any:(e)yearly martgage insur.tnce prenuuu4,,if uny;and(�any sums FaYnble by Borrower to l.ender. in accordance with
<br /> the provisions of pau�raph 8.in lieu of the Fayment of martgage insurance premiums.These items are ca��ed "Escrow Items."
<br /> Lender may,at any time,collect and hold Funds in an amou�t not to exceed the maaimum amount a lender for a federally
<br /> related mongnge loan may require far Borrower's escrow account under the federnl Real Estate Settlement Procedures Act of
<br /> 1974 as amended fr'am time to time, 12 U.S.C. Sectton 2601 et seq. ("RESYA"),unless another(aw that applies tu the Funds
<br /> sets a lesser amount.If so, Lender may. ut nny time. callect and hold Funds in an amaunt nat co excced the lesser:+mount.
<br /> L.e�dcr rnay estimatR the amount of Funds due on the busis of current data and reusonable�stimates of expendimres af fucure
<br /> Escrow Items orothenvise in accordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federnl agency. instrumentality, or entity
<br /> (lncluding Lender. if Lendcr ie such an institution)or in any Federnl Home Loan Bank•Lxnder shull apply ihc Fwx1s to pay the
<br /> Escrow Items. Lender may not charge Borrawer for holding and upp�y�ng the Funds,annually analyzing the escrow account.or
<br /> ver�fying the�sc�ww icems,unic�y Lcr�3er pa��Sarro•��er issipr!si on thp Funds and applicuble law pertnits Lender to malce such
<br /> a chargc. Howe��er,Lender may require Bornower to pay a one-time charge for un independent real estt�te tax reportin8 sen+�cx
<br /> used by Lender in conr►ection with this loan. unless appltcable law provides otherwise• Unless an agreeraent is made or
<br /> applict�ble!aw nquira interest to be pald,C.ender shall not be required to pay Borrower any interest or earnings on the Funds.
<br /> Borrower and Lender may agree in wrtting. however,that intemst ehall be puid on thu Funds. Lender shall give tu aorrnwer,
<br /> without charge,aca twnual accounUng 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 ure pledged as additional securiry for all sums secured by this Security Instnunent.
<br /> [f the Funds heW by L.ender exceed the amounts permitted to be held by applicable law,Lender shall account to Borrower
<br /> tor the eaass Funds in accordance with the requiremcnts of appltcable law.If the amount of the Funds held by Lender at any
<br /> dme is not sufficient to pay the Escrow Items when due,Lender may so nottfy Borrower in wridng.and.in such cace Borrov�+er
<br /> shall pay to Lender th� amount necessary to make 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[n full of nll sums securod by this Securiry Instmment, I,endor shall prompdy r�efund to Borrower any
<br /> Funds held by Lender. If,under paragraph 21.L.ender shall acquire or sell the Property.Lender.prior to tho acquisition or sale
<br /> of the Propercy,shall apply any Funds held by L.ender at the time of acquisidon or salc as a credit against the sums socured by
<br /> this Securiry Inurument.
<br /> 3.Applialia►in of Payments.Unless applicable law provides otherwise,a�1 pay�nts reccived bv Lender ur�dcr paragraphs
<br /> 1 and 2 shall be applied:Grst,to any pmpayment charges due under thc Notc; second. to amounts payable undcr paragraph 2;
<br /> third.to interat due;fourth.to principal due;and last,to any lute charges du�under the Note.
<br /> 4.Clu�rge,g: I,kn�•Borrower shull pay a1l taxes,assessmonts, charges. fincs and impositlons attributable to thc Property
<br /> which may attain prioriry over this Security Instrunnent.end leasehold payments or ground rents. if any. Borrower shall pay
<br /> these obligatiuns inthe manner pmvided in parugraph 2.or if not paid in that manner.Borcawer shall pay them on timc dirxtly
<br /> ro the person oweci payment.Borrower sh:�l promptly fumish to L.cnder all notices of amounts to be paid under th�nparagraph.
<br /> lF Borrower m9kes thecc payments directly.Bonower shall promptly furnish to Lender receipts evidencing the pay
<br /> Borrowershall pramptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)agrxs in
<br /> writing to th�payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the l�en
<br /> by, or defcnds aguinst enforcement of the licn in, legal proccedings which In the [.ender's opinion operate to prevent the
<br /> enforcement ot the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
<br /> , this Security Instrument.If I.ender determines that any part of the Property is subject to u lien which may nttain priority over
<br /> this Security Instrument,I.cnder may give Bonower a notice idcntifying thc lien. Borrower shall satisfy the lien or talce one or
<br /> more of thc actions set forth above withtn 10 days of the giving of itotice.
<br /> Fam 3028 9IS0
<br /> ppe 4 016
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