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<br /> TO(lETHQR WITH uU thc imprnv�n�ent�now or hereafter erocead an the pruperty,und ali cascments, uppunennnccs,iind
<br /> fixtures now or hercnfter a part af the property. All rcplac�ments und udditinns 5I1LII ulxo bc covered by this Secu�ity
<br /> instrumcnt. All of tt�e farcgoing Iti referred to in this Sccurity Instn�ment nc the"Property."
<br /> IIURitO�VER COVENANTS tl�at Burraw�r Is lawfully sciscct of thc cstatc hcreBy conveycd attd h,ts thc�right to�nmt��nd
<br /> convey the Propeny und �hut th. ProQerty is unoncum6ered, except for encumbrunces of recurJ. Horrower wurrants �u�d will
<br /> defend generally the title to the Property agAinst all clnims uixl denulnds,subject ta�sny encumbrunces uf'recard.
<br /> THIS SECUEtITY INSTRUMENT combines unifonn cavenunGs for nationnl use nnd non-unifann covennnts with limlted
<br /> variatians by jurlsdiction to constitute a uniform securlty instrument covering reul property.
<br /> UNIFORM COVENANTS.Borrower and Lend�r cavenant und agree as fallows:
<br /> 1. Payment oi Principal and Intercst; Prcpaymcat and Late Ctiarges. Fiorrower shall promptly p:+y whc� due the
<br /> principal of and interest on the debt evidenced by the Note and any prepuyment nnd late churges due under the Note.
<br /> 2. �nds tor Tnxes and Insuranee.Subject to applicnble luw ar to a written wuiver by I.ender. Borrawer Ehull pay to
<br /> Lender on the day monthly paxments nre due under the Not�,until the Notc is pu�d in full.a smn("Funds")for:(a)yeurly toxes
<br /> and assessments which nu►y attuin priority over thts Security Instrument us a licn on thc Praperty:(b)yeurly leaschald payments
<br /> ar ground mnts on the Property,if any; (c)yearly hozurd or praperty insurance premiums;(d)yeurly flood insurance premiums.
<br /> if any: (e)yeurly mongage insurance premiums, if any; and(�nny sums payuble by Borrowcr to I.ender, in nccordance with
<br /> the pmvisions of parngraph 8.in lieu of the payment of martgage Insuranee premiums.These items ac�e cailnd"E,cruw Ite�ua."
<br /> i.ender may, st uny time. collect and hold Funds in an amount not to exceed the m�ximum vnount a lesxler for a federally
<br /> related murtgagc loan may rcquire for Borrowcr's escrow account undcr thc fedcrnl Rcal Estatc Setdcment Pracedures Act of
<br /> 1974 ar,umcnded from time to time. 12 U.S.C. Section 2601 et seq. ("R�SPA"),unless unothcr law that uppliea to tite Funds
<br /> sets a lesser amount. If so, l.endsr may. nt any dme, collect and hold Funds in an amount not to exceed the lesser amaunt.
<br /> Lender may estimate the amount of Funds due an the busis of current duw ar►d reasanable estimates of expendituns of future
<br /> Escrow Items or otherwise in uccordance with applicable law.
<br /> The Funds shall be held in un Institutio�i whose deposits nre insarod by u federal ugency. instrumentality, or entity
<br /> (including I.e,nder,if Lender is such an institutiou)or in any Federal Home Loan Bank.Lendcr shall apply the Funds to pay the
<br /> Escraw Items. [.ender may not charge Borrower for halding and applying the Funds. annunlly analyzing the escrow accaunt,or
<br /> verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permlts L.ender to meke such
<br /> a cha�ge. However. Lender mny require Borrower to pay a one-time charge t�o�r an irxfcpc�Klcui ccui c�tntc tn;i cc�rili�g acij%ii,e
<br /> used by i.encler in connection with th(s loan, unless applicable law pravides othcrwise. Unless an agre�ment is made or
<br /> appltcnblc law requires inter�st to bc paid,I.encler shall not be reyuiral to pay Borrowcr nny interest or earnings on the Funds.
<br /> Bonower and Lendcr may agroe in wrtting, hawever, that intcrest shall be paid on the Funds. I..tnder shall give to Fiorrower.
<br /> withput charge. an nnnual acrounting of the Funds, showing cralits a��d debits to d�e Funds and the putpose for which each
<br /> debit ta the Funds was made.The Funds ere pledged as nddidonal socurity for All sums�ecured by thia S�ecurity Instcumeni.
<br /> If the Funds heid by L.end�r excoed the umounts permltted to be held by applicable law. Lendor shall account to Borrower •
<br /> • for the excess Funds in uccordance with the requlremenGs of upplicable law. If the ar�wunt of the Funds held by Lender ut any
<br /> time is not sufficient to pay the Escrow Itema when due,Le�xler may sa notify Barrowcr in writing.und.in such case Borrowor
<br /> shall pay to I..ender the amount nece.�sary to make up the deficicncy. Borrower shall make up the dcficiency in no morc than
<br /> twcive monthly paymcnts.et Leucler's sulc discretion.
<br />- Upon p�yment in fuil of all sums aecured by this Sccuriry Instn►ment, [.ender sha11 prumptly refund to Borrower eny
<br /> Funds held by Lcndcr.If.under paragraph 21, Lender shall acquire or scll Ihc Property,Ixnder.prior to the acquisition or sale
<br /> s of the Property.shall apply any Funds held by Ler�der at the tink of acquis�tion or cale as u cralit agsunst the sums securod by
<br /> this Security Instru►nent.
<br /> �_ 3.Applicatbn ot PAyments.Unleas applicable law provides otherwise.all payments recelved by Lender under paragraphs
<br /> 1 and 2 sha71 be appltod: first,to uny prepnyment charges due under the Note; scconJ,to amounts payable under paragraph 2;
<br /> thinl,to intcrcst due:fourth.to principal duc;and lnst,to any lntc charges due umlcr U�e Note.
<br /> 4. Ctwrges;Ltere. Bonower shell puy ull tcrxes,assessments, charges, fines und impositions attributeb(c to the Property
<br /> whtch may attain prfority over this Saurity Instrument, und lcasehald payments or ground rents. if any. Borrower shall pny
<br /> these obligutions in the manner provld�in�urngraph�,or if not paid in thut manner,Bonower shall pny them on time directly
<br /> tn the person owed payment. Borrower shall promptly furnish to Lendcr all noticcs of amounts to be paid under this parngraph.
<br /> if Borrowcr makcs these paymcnts directly,Borrower shull promptly fumish to I.endcr rcceipts cvidencing the payments.
<br /> Borrower shall promptly dischnrge nny lien which has priority over this Security Instcun�ent un(ess Borrowcr:(n)agroes in
<br /> writing to the paym�nt of the abligation secured by the lien in a mnnner acceptable to Lcnder;(b)contests in goad fatth the lien
<br /> by, or defends ngninst enforcement of the lien in, legnl procecdin�s which in the Lender's opinion operate to prevent the
<br /> enforcement of thc lien; or(c)isecures from thc holder of thc licn nn agrecment satisfnctory to Lender subordinating the lien tn
<br /> , this Securlty instrument. If I.ender determines thnt any part of the Property is subject to a lien which mt►y attain priorlry over
<br /> �. thiy Security Instrument. Lendcr may give Bonower u noticc idcntifying thc lien.Borrower shnil satisfy tt�e licn or take onc or
<br /> morc of thc�ctiuns set fonh abovc within 10 days of thc giving of noticc.
<br /> Form 30Z8 8l00
<br /> P�pe 7 0l 0
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