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<br /> TOCiHTHER W1TH nll the impravementx naw or henafter erected on the prap�rty,artd ull enscments.nppurtenances. und
<br /> fixtures now or hereafter a purt of the praperty. All rtplacements and additions ehafl niso be coveted by this Secudty
<br /> Instrtiment.All of the foregolnR is referred to in this S:cutity Instrument ns the"Pro�erty."
<br /> BORROWER COVENANTS thnt 8orrawer iK Inwt1►Ily seised of the estnte herehy conveyal ond has the right ro grnnt and
<br /> convey the Property and that thB Praperty is unencumbered.excepi for encumbrartces uf c�ecord. @on+ower wurrunts und wlll
<br /> deferx!generally the tide to the Pmperty egninst all claims and demnnds,subject to any encumbrnnces of record.
<br /> Tt{IS SE�URiTY iNSTRUMBNT cambines uniform oavennntR far aational use nnd nnn-uniform rnvennnt9 with IimiteA
<br /> varlatIous by judsdictton to wnstitute u uniform sscurity instmment covering reul property.
<br /> UMFORM COVBNANTS.Borruwer and i.endor rnvenant nnd ogrce ns follows:
<br /> l. P�►yatent of Prle�cip,sl and Interest= Prepayment wtd[.ate Churges. Borrower shull promptly puy when due the
<br /> princlp�l of und interest on the debt evidenced by the Note nnd any pcepayment ortd late chnrges due under the Note.
<br /> 2.F1�nds[or Taxes and Insura�oe. Subject to npplicable low or to u wdtten waiver by Lender. Borrower ahull pay to
<br /> Lender on the duy cnantlily payments cue due under the Note.until tlie Note is paid in full,a sum("Funds")for:(a)yearly taxes
<br /> aad assessments which a�uy uttain pdority over this Securlry Instnurtent as n lien on the Property;(b)yearly IeASehold paymenta
<br /> or ground rents on the Pcoperty�if nny;(c)yearly h�zard or properiy insurance prcmiuma;(d)yearly flood insursnce premiuma,
<br /> if any;(e)yearly mortgoge insuranoe premIums.if uny;urtd(�any sums payable by Borrower to I.endar. in eccordnnce with
<br /> the pmvisions of paragraph 8, in Neu of tlee psycnent of mortgage insurance premiums.These items nre catled"Escrow Items,"
<br /> I.ender may.ac any tlme� collect and hold Funds in an amouat not to excee�i the maxlmum amount a tender for a foderally
<br /> reiatc�d mortgage loan may require for Borrower's escrow acoount uader the faderal Reul Estate Settlement Proced�res Act of
<br /> 1974 as amended from Nme to time, 12 U.S.C. Sectton 2601 et seg.("RESPA").unless attother iaw that ays�lics ta thc Fustds
<br /> seta a l�sser amoun4. If so. I.ender may, at any time. collect aad hold Funds in en�mount not to exceed the tesser amount.
<br /> Lender may estImate the amQUnt of Funds due op the basis of curnent date and reusonabte e.titimates of expendi*.ures of future
<br /> Escmw Items or otherwlse in ercoTdence with applIcable law.
<br /> Tde Ftsttds shaU be held in an iaspitutlon whose deposits are insured by a federal agency, instnuuen�ty. ur endry
<br /> (including Lender,if Lenderls sach en institudon)or ia any Federal Heme L,oan Bank.Lender ahaU apply the Fuuds to pay thc
<br /> Fscraw Items.I.ender u�ay not charge Bornower for holding and applying the Funds,annually ana[yzing the�w aa�ueet,or
<br /> vedfyiag the Escrow Items.unless Lender pays Bomower interest on the Fuads and applicable taw permits Lender to malce such
<br /> a charge. However.Lender may require$omower ta pay a one-time charge far an independent reail estate tex reporting aervice
<br /> �sed 6y I,eader in �connection with this [oan, uniess applicabt� law pmvides otherwlse. Untess an agceement is made or
<br /> applicable law tequires intenst to bo paid. Lender shall not be required to pay Borrower any interest or eamings on the Funds.
<br /> $omnwer and Lender rnay almee in wridnit,however,that Intemst shall be patd on the Fundc. I.ender shnli.�vw�o Rnrr�we.r, ,
<br /> wlthout charge. an annual accounting of the Funds.showing credits and debits to the Funds rind the purpose for which each
<br /> debit W the Fur�ds was mad6.The Funds ane pledged as additional r,ecudty for ail sums secu�d by this Sewdry InsUvment.
<br /> If t�Aunds held by I.ender exoeEd the amounts pemutted to be held hy applicable law,l;Ender s�hall a000unt w Borrowv
<br /> for the eicccss.:Funds in accordaIIce wis'h ihe requinemeate of apglicable taw. If the amount of the Funds tzeld by Leader st arry
<br /> time ia noi sufYcicnt to pray the Bscrow Items when due.I.ender may so no6fy BQSa�ower in vuriting.and.in such«�sse Borrnwer
<br /> � ''�••shalt Day to I.ender tkiq�xpunt neoes$ary to make up the deficiency.Horrdwer;�kiall make up the defciencp ia no more tltan
<br /> . ",,�!;:,'�tweive mojuhly DaYm�1f�K'�t Lender's Sble dIscreti0n. '• .•�
<br /> ;;.;'.•� upo�:pA�ment in Rili of all sums secured by this Security Inshument, Lender shall prompdy refwtd,to Borrower siry
<br /> c•��-.�undis he1�l C�y,I.dider.If,under paragraph 21,I.ender shnU aoquire or sell the Property.Lender.pdor to th$acquisidon or sale
<br /> '�.�:����thc Ne�opo�j►.shall ap�y any Fuads held by Lender at the time of aoquIsitIon or sale as a credit against'q�ie.sums sea�red by
<br /> ��',`.� :2his Sec�rity�nstruu��t.
<br /> , �;':'�`•'"' '3.�ppllcation ot,F��mwt9.Uniess applicable law providcs otherwise.all payments received by L,endu�cr paragraptis
<br /> 1 and'2 e�it�1,'�e applled:first,co eay,prepayment charges due uader the Note:second.to amonnts payable under paragrAph 1;
<br /> . w.itd.toii�teaes�dao�fi.lui�i;w P��ue;and tssc�to nnq tate,Ct►aiges due under t�e Not�e. : . .: :. .
<br /> ,,;,. 4•�8es;Lict}�.�ifimwer ahall pay aU taxes.assessm�nts,charges. fines and imposlEioas aunbutable•�o the#tiro�e i t y
<br /> ' • w�ich may auain prior�iy'.i�ver this Security 1r�stnunem. and leasehold payments or grouad rents. if any.:BolYtswer�h,...,.'I�Y
<br /> �'t�i t s e obligadons in the ma�tner provided in paragreph 2,or if not paid➢n Wat mnnner.Bomowep�shaA pay thdm nit ti�e;d3r�Ctly
<br /> , to the pernon otived payment.Bormwer`§hall prompdy fumish to 4ender ail noBce3 of amounts:ta be paid under this paU'a�ph•
<br /> If Borrawer maices these paymeats direcfly.Borrower shall ptn�ptip�furnish to Lender receipfs�eVidencIng the paymenta;,;;�::.,'.
<br /> . Borrower sdall promptly disch�rge any lien wltui�b has priority dver this Security Insdument ualess Bomqwer: (a)egi�s�In
<br /> wridng to the payment of theobligadon secured by tha�lien in��manner.aoceptable to Lrender;(b)contests ul Sciod faith the lien
<br /> by,or defcuds against enforcement of the tien in, legal p�ings wh[ch in the Lender's opiruon opeigtd to prev,¢pt.tfie
<br /> enfor��z�t'of tho lien;or(c)socuns:4'rom the 6older of the l��n an agc+aement satisfactary to Lender subordinating tLe�lied.to
<br />: this Serucii�'Insmunent.If LeAder dcst�a:zmines that any part of the Property is eubjecx to a�n�vIIich may atta{n priortly.ovu
<br /> this Security Insttumant,I.ender may gI've Borrower a noSce identifying tho lien. Borrower sb�it:satisfy ttte Ilep or teke one or
<br /> more of the actions set forth obove w;t6in 10 days of tde giving of noHce. ��� , '
<br /> , Form 3028 9/80
<br />' v,�.sure �
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