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<br /> TO(3ETHER WITH all thc Impravements now ur hereafter erectod on the property, and ull enumcnis, ppu cnancca. and
<br /> fixtures now or hereafter a part af the property. All replacements and sdditions shnll also be covcred by this Securlty
<br /> Instrument. All of thc foregaing is reFerrcd tu in this Security Instrument os tha"Property."
<br /> BORROWER COVENANTS that Rorrower is lawfully scised of the estatc hcreby conveyed u��d hu.ti ltw riglu to grant ur,d —
<br /> convey the Propecty nnd that the 1'ra��erty [s unencumberod. e3cept for encumbrances of record. Bonower warrants and will
<br /> defend generally the title to the Property against all cleims and demunds,subject to uny cncumbrances of record.
<br /> THIS SECURITY INSTRUMENT combine.c uniform covenants for autional use and non-uniform covenants with limited
<br /> variuttons by jurisdtction to constttute a uniform security instrument cavedng real praperty.
<br /> UNIFrJRM COVENANTS.Borrower nnd L.ender covenunt and agrce as follows:
<br /> 1. Poymcnt ot Princlpd And Interest; Pnepayment s�nd Lt�te Charges. Borrower shall promptly pay whcn due thc
<br /> prjncipal of und interest on the @ebt evtdci�ced by the Note und any prepayment and late charges due under the Note.
<br /> 2. �unds tar TAxes and InsurAnce.Subject to appltcable law or to a written waiver by Lender.Bonower shall pay to
<br /> Lender on the duy monthly puyments are duc under the Note.until the Note is pa�d in full.u sum("Funds')for:(a)yetu'ly taxes
<br /> and assessments which muy uttain priorlty over this Saurlry Instrument as a Ilen on the Property; (b)yearly leasehold payments
<br /> or ground rents on the Property.tf any;(c)yearly ha�ard or property insurance premiums;(d)yearly tlood insurence pnmfumg,
<br /> if any; (e)yearly mortgage insurnnce premiumc. if any; and(� any sums payable by Borrower to I.ender, in accordance wttta
<br /> the pmvisions of paragraph 8,tn lieu of the payment of mortgage insurnnce prem3ums.These items are called"Bscrow Iteme."
<br /> L.ender may, at any time. callect and hold Funds in an amount not to exceed the maxlmum amount a lender for a fedarally
<br /> related mort�age loan may require for Borrower's escrow acwunt under the federal Real Estate Settlement Proxdures Act of
<br /> 1974 as amended from time to ttme. 12 U.S.C. Section 2601 et seq. ("RESPA"),unless another law that applies to the Funds
<br /> sets a lesser amount. If so, Lender may,at any time, collect and hold Funds in an amount not ta exc.ced the less�r amount.
<br /> [.ender may estimute the amount of Funds due on the basis of current data end iroasonable estimates of oxpenditures oF future
<br /> Escrow Items or otherwise in accordance with applicable law.
<br /> The Funds shall be held in an institutlon whose depostts are insured by Q federnl agency, instrumentality. or endty
<br /> (including Ixnder.if Lender is such an institution)or in any Federal Home i.oan Banlc.Lender shall apply the Funds to pay thee
<br /> Escrow Items.Lender may not charge Borrower for holdtng and applying the Funds,annually analyzing the escrow account,or
<br /> yP��;ng��P g���,w tr�m�;unlecc I.ender Qays Borrower interest on the Funds and applicable luw perrnits Lcnder to raalca such
<br /> a charga Howover, Lender may require Borrawer to pay a one-time charge for w�independent real estate tax reporttng rervico
<br /> usod by Lender in connection wtth this toan. unless appltcable law provldes otherwise. Unless an agreement ts mAde or
<br /> applicable law requires interest to f+e paid,Lender s}wll not be required to pay Borrower any interest or eamings on the Funds.
<br /> Borrower and I.ender may agrce in wrtting, however,that interest shall be paid on the Funds. Lender shall give to Borrower�
<br /> without charge, an annuul accountin�of the Funds,showing credits und debits to the Funds and the putpose for which e�ch
<br /> debit to the Fiu►ds was made.The Funds are pledged es additionaf securtty for ell sums secured by this Saurity Insuument.
<br /> If the Punds held by Lender excced the amounts pennitted to be held by applicab(e law,Lender shall account to Borrower
<br /> for the excess Funds in uccordance with d�o requirements of upplicable law. If tho amount af the Funds held by Lendar at any
<br /> time is not sufficlent to pay the Bscrow Items when due.Lender may so notify Borrower in wdting,and,tn such case Borrower
<br /> shall pay to Lender the amount necessary ta make up the deficiency. Bonower shall make up the deficiency in no raore than
<br /> twelve monthly payments.ut Lcnd�r's sole discretion,
<br /> Upon payment in PoII of all sums secural by this Security Instrument, Lender shall promptly refund to Borrower any
<br /> Funds held by Lender.if,under paragraph 21,Lender shali acquire or sell the Property, Lender.prlor to the acquisition or stle
<br /> of the Property, shall apply any Funds held by I.ender at the time of acquisitton or sale as a credit aga3nst the sums securod by
<br /> this Security Insuument.
<br /> 3.Application of Payments.Unless applicable law provides otherwise,all payments rec:eived by Lender under paragraphs
<br /> 1 and 2 shall be apPlied: first, ta uny prepayment charges due under the Note; second, to amounts payable under paregcaph 2;
<br /> third,to interest due:fourch.to principal due;and lau. to any late charges duc under the Note.
<br /> 4.Charges;Liens.Barcowcr shull pay ali taxes. assessmenu. charges,fines and impositions attributable to the Property
<br /> which may attain priority over this Security Instrument,und leasehuld payments or ground renu,if any. Borrower shall pay
<br /> these obligations in the manner provided in paragraph 2.or if not paid in thut manner.Borrower shall pay them on ttme diratly
<br /> to the person owed payment.Borcowcr shall promptly fumish to Lender all notices of amounts to be pa�d under this paragraph.
<br /> If Borrower rna{;es these payments directly,Horrowcr shall prompdy furnish to I.ender receipts evldencing the payments.
<br /> Borrower shall promptly discharge nny lien which has prioriry over this Security Instrument unless Borrower:(a)agrees in
<br /> writing to the payment of the obligation securcd by ihe lien in a manner acceptsble to Lender;(b)contests in good faith the Ifen
<br /> by, or defends agatnst enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prev�nt the
<br /> enforcement of the lien;or(c) secures from the holder oF the lien an agreement satisfuctory to Lender subordinating the lien to
<br /> this Security Instrument. If Lender determines that any part of the Prnpeny ls subject to a lien which may attain priority over
<br /> this Security Instrument, Lendcr m:�y give Borrowera noticc idcntifying thc lien.Bo-rower shall satisfy the lien or take one or
<br /> more of the actions set forth�bove within 10 days of the giving of notice.
<br /> Fam 3028 9180
<br /> Pepe 4 of 8
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