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<br /> TOdETNER WITH all th�impmvnments nvw or h�reaficr erected on[he property,and ali easements,appunenances,and
<br /> txturea now or hereafier a part of the property. All replacaments and additians sliall also be covered by ihis �ecurity �
<br /> lASUUtneat.All of the foregoing is ceferred to in chis Securiry Instrument as the "Propeny." —
<br /> BORROWER COVENANTS that BonoH•er is lawfuil�� seised of the estate hereb�•conveyed and has the right to gram and -
<br /> convey the Pr�pom�and that the Progerty is uneacumbered. except for encumbrances of record. Battower w�arrants nnd wiU
<br /> defend generall�the ticle to the Propercy ag:iinst aii claima end demands,subjecc to any encumbrances of record.
<br /> TH1S SECURITY INSTRUMEfJT cumbines uniform covenants for national use and non-uniform covenants w•ith limited
<br /> �ariations b}•3urisdiction to constitute a uniform suuriq� instrument covering real property. �
<br /> UKIFORM COVEIvAhTS. Bonower and Lender covenani and agree as follows: ' `
<br /> 1. Pa�•ment of Princ[pal end Interest; Prepay�ment and Late Charges. Borrower sha11 promptl�� pay ufien due the
<br /> principal of atid interest on the debc e�idenced b�•the Note and any prepayment and late charges due under the Note. M
<br /> 2.Funds for Taxes and Insurance. Subject to applicable law or to a wrltten�►a�ver by l.ender. Bonower shall pay to
<br /> Lender on the da�•monthl�•pa�7aents are due under We Noie. uncil the Note is paid in fu11,a sum("Funds")for:(al yearly taxes
<br /> and assessmenu which ma��attain prioric�•over tbis Securiq� Instrumem as a lien on t6e Property;(b)yearly teasehold pevments
<br /> or ground rents on the Propert�•, it any;tc) yearl}�hazard or properry insurance premiums;td)yearl�•flood ittsuiance premiums. �
<br /> if any; te)yearly mongage iasurance premiums.if an��: and (�any sums payable b�•Borrower to Lender, itt accordance with i�1
<br /> . the pro��isions of paragraph 8,in lieu of the paymeai of mor�gage insuraace premiums.These i[ems are cxlled'Escrow lums.'
<br /> Lender may, ac nn��time, collect and hold Funds in aa emount not to exceed the maximum amouat a lend@r for a federall�
<br /> relatcd mortgage loan may require for Borrower's escrow account under�he federal Real Escate Settlement Procedw�es Act of
<br /> 1974 as azaeaded from time�o time. 12 U.S.C_ Secsion 2601 et seg. ('RESPA'). uNess another law that applies to tbe Funds
<br />: . sets a lesser amount. If so, Lendcr may, ac rmy riu�e, coUecc and hold Funds in aa amouat not to exaed ihe lesser amounc. .
<br /> Lender may estitAata thz amount of Fuads due oa the basis of current da�a and reasonable esdmates of exgenditures of f�cure
<br /> Esa+oW Iums or otneiwise in accordance with tgspliCable IaW.
<br /> The Funds shall be held in an institudon whose deposits are insured b�� a federal agenc�•. instrumeniaiity, or entin•
<br /> (includiag Lei►der, if I.ender is such an insiinnipn)or in an�� Federal Home Loan Banl:. Lender sbaU apply the Fuads�o pa�the
<br /> Fscrow Items.Lender may not chazge borrov,er for holding and applying the Funds,annually analyziag[he escrow account.or
<br />`� � verlfying the Escrow Iums.unless Lender pays Borrower inuresc on the Fuads aad applicable lau•permi�s Leader to make such
<br /> a c.�arge.However.Lender ma��requi�rre Borrowa to pay a one-cime charge for an iadependenc real estate tax reporting service
<br /> used by I.ender in conuection wit� this loaa. unless applicable Iaw provldes otherw�Ise. Unless an a�reeraenc is made or
<br /> appli�hle law requires incerest co be paid, Lender sball not be rsquired to pa��Borrower aa}•interest or earnings oa the Funds.
<br /> • �or�ver and Lender may agree in writiag,however. thet inte.rest sha11 be paid on the Funds. Lender shell give tv Borrpwer, ,
<br /> • �•.=;�p;��f,a�. a�m�ai accounting of the Funds.ahowin�crediu and debits to the Funds and ihe purpose for wluCb each =
<br /> � •� debir.zb tbe Funds was made.The Funds are pledged as additional security for all sums secured b�•this Securicy Instrumern:
<br /> , �� •if the Funds held in Lxnder exceed the amouau pe�mitted Yo be held b}•applicable law.Lender shall accaunc to Borrower -
<br /> for the+exass Funds in accordance w�th the requiremenu of appiicable law. If the amounc of the Funds held b��Lendes az an}�
<br /> :� ''��` •. time is not sufficien�to pa.•the F.scrow Icems w�en.due,Lender may so notifl�Boaower in wrivag, and,in such case BorroWer
<br /> . ` sha11 pay to Lmder the amouat�ecessaq' to make up the deficienc��. Borrower shall make up the deficie�nc�•in no mon thaa
<br /> rwelve raonthly pa�7nencs,at Lendei's sole discretion.
<br /> Upon pav�nent in full of aU stims secured b3• this Seeurin� Instrument� Lender shall pmmptly refuad co Borrpwer any
<br /> Fuads held by Lznder.If,under para$raph Zl. Lenda sl�li accpaire or sell the Propert�•.Lender,prior to tha acquisi�ion or sale
<br /> of the Properry,s1�a11 apply aay Funds held bg Leader at the tlme of acquisicion or sale as a credit against the sums fieCiued b��
<br /> this Security Instrumtnt.
<br /> 3.Applicution of Paymeats.Unicss applicable law provides otherwin.a11 paymeats reaived by Lender uader par.�graphs
<br /> 1 and 2 shaU be applied:fust, co any prepaycaent charga due under the Nota;second,to amounts payable under�aragn�pb:;
<br /> third,to interest due:fourch,co p:inc}pal due;and iast, to am�late charges due uader the Note.
<br /> d.Cdarges; Lteas.e3orrowa st�att pay ai►caxa. assessmencs. cnarga. futes and impasitimu aiuiuuusi,Ir w rwe Rupi-�ty
<br /> • which may attaia priorin• over this Stcuriry In�utt�t,and teasehold payments or ground renta. if any. 8orrower s2ia11 pay�
<br /> these obligations in the manner pravided in p�aph''.or if aot paid in thot�anner.Borroaer shall pay tham on tuae dhrcdy
<br /> co tbe person owed payment.Bartower shalt prompsly fumiah to I.ender all no�ces of amounts to b�paid under this pangraph.
<br /> If Bonr�wer�lces tbese paymmts disealy.Borrower sh�l pmmpcl�•fumish co Lender receipu evideacing the payments.
<br /> Bostvwer shall pmmpd�di3charge au}�lien which has priozit�•over this Sxw3ry Iasuument uniess Borrower: (a)agras in
<br /> writing to the�v�, f c obligation secured by the lirn in a mantter acceptable to Lender:(b)contests in good faitt►the lien
<br /> by. or dafends�aga�ns�'�foiarnent of the 1ie8 in. lagal procadings which in the Leader's opiruon operate to prevenc the
<br /> enforcetaent of the lien:or(�l secures irom[he holder of the lim an arerxmeat satisfaaory to L�eada subordinating the Iten to
<br /> this Sectiricy lnstrumeat. If Lender decermiaes shat an��part of the Propem� is subjxt to a lien which ma��attain priority�over
<br /> this Securiq• lamumettt,Lende�m�•give Borrower a natice identifying che lien. Borrower sha11 sa�isfy the lien or cake one or
<br /> more of the actions set forth abovr within 10 daya of the giviag of notia.
<br /> , . Wrm 3028 9l80
<br /> ��BAIN�192711.02 Pep�1 at 6 ' tryiys�
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