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<br />_"�� 'POOgTH6R W1TH all thc improvcmc�da now ar hesc�Ftcr crcctcd on ihc prapcny,end all cuscmcnts,nppurtcnanccs.and
<br /> � fixtures now or hereaCter a put of Ihe pmpecty.All rcplacamcnts and addiUons shall al.so bo cavcrcd by this Sccurity Insuumca��
<br /> '^�¢�` � AU of thc faregoing is rcfcrrcd w in th�s Sccurity fnstrumcntav tha"Pmpcny." _.
<br />�"'� BORROWSR COVBNANTS that Borrawcr is lawfuUy soiscd of thc c.gtatc hcrcby canvcycd and ha9 tho dght to grant and
<br />-'`� -" comey �hc Property and thet thc Property is uncncumbcral, cxccpt far cncumbrenccs of rccord. Borrawcr wurrunts and wil!
<br />-v'`'-'�i.ii.
<br />_,:��'� dcfend gcncraUy thc Udc to thc Propcny eguinst aU claims and dcmandx,subJect w eny cncumbrences af rccord.
<br /> THIS SSCURITY INSTRiJMBNT combincs uniform cuvcnnnta for netional usc and n�n•uniform cavcnan�s with limltccl
<br />-•�� vadations by jurfsdiction ta consdwto a uniform sccurity i�swment covcring rcal propcny.
<br /> �` '� UNIFORM COVENAN!'S.Borrov�cr nnd I�endcr covenant and egrca e9 follows: .
<br />-ry.,�.�
<br /> - 1.Payment of Princlpal�nd Intereeti Prepayment wnd LAte Ch�rges. Borrowcr shall promptly pay whcn duc thc
<br /> _--��'• prIncipal of and intcrest on tho dcbt cvidcnccd by tho Note mnd any prcpaymcnt end lata chargcs duo undcr thc Natc.
<br /> - Z.Funda tor Taxr.s�nd InsurAnce. Subjcct to applicablo law or to e wr�ttcn waivcr by Lcndcr. Borrowcr shnll pay w
<br />°��''��� Lcndec on the day monthly paymcnts arc dua undcr thc Noto,until tha Notc is paid In fuU,a sum("Funds")for.(a)ycarly taxcs
<br />:�:.�� and assessmcnts which may auain prlority over this Sccurity Inswrr•ont as a licn on 1hc Praperty;(ts)yearly lcasehold p�yments
<br /> --'�-= ar grcsund rents on the Property,if any: (c)yearly ha•r.acd or property insurance prcmi�uns;(d)yearly flood insurancc prcmiums,if
<br /> -- -� any;(e)ycarly mongage insurance prcmiums,if eny;and (�any sums payablc by Borrowcr W Lcnder.in accordanca with thc
<br /> -�� provisions of paragraph 8. in licu of thc payment of mongage insuranca pnmiums. 'Itiese itcros ares called"Escrow Items."
<br /> --_ Lender may,at eny timo,collect and hold Funds in an amount not to eacccd thc maa�num amount a lendcr for t fcdcrally relatcd
<br /> -- - mortgege loan may mquire for Bonowu's escrow ecee�int under tho fodual Real Estate Seakment Fmcedures Act of 1974 as
<br /> - amendod fmm dme w time,l2 U.S.C. SccHon 2601 et seq. ("RESPA"),unloss enother law that applles to the Funds sev a lesser
<br /> ,'� amoun� If so�Lender may,at any Wne,coUoct and hold Funds in an emount not to exccxd the lesser amoun�L.ender may
<br /> - � cstlmatc thc amount of Funds due on the basis of cw�reait cle�a and reasonable estlmates of oxpenditures af fuwra Bscrow Items or
<br /> othuwise in accordance with applicable law.
<br /> 'It�e Funds shall bc held in an i»stiwdon whose deposits are insured by a federal agency.instrumentaliry,or entiry(including
<br /> - � Lender,if Lender is such an lnsdtution)or in any Federal Homo L,oazi Bank.Lendu shail apply the Funds w pay tho Esccow
<br /> Items.Lcnder may not chargc Bo�rower for holding and applying tho Funds,annuelly enalYzinB the escrow account,or vutfying
<br /> -= the Bsccow Items.unless L.ender pays Bocrower interest on Ihe Funds and appllcable law permits Lcnder to make such e charge.
<br /> However.Lcnder may requir�Borrower to paY a one•tUne charge for an independent real esteta taa reporting seavIcu used by
<br /> � I,oitder in connocdon wlth this loan.unkss epplicabla law provldes otherwise.Unless an agrament is msde or applicable law
<br /> — requires Interest to ba paid.Lendcr shaU not be required to pay Borrower eny interest or eamings on the Funds. Borrower and
<br /> - Lender may sgree in wrldng,howover, that interest shall be paid on tho Funds.Lender sdaU give to Borrowu.without charge,an
<br /> annual accounung oF the Funds,showing credits and debits w tha Funds and th�purpose for which each debit w tha Funds was
<br /> matie.Tf�e Funds an Plaigr•ci ai�idtSu;��t�.�ty for ait�ums�txurcd lsy ihis�tcsui�Isssttutttes�i. ;
<br /> If the Funds haM by Lender exceed the amounts pumiued tn be held by applicable law,Lendu shall account to Borrower for
<br /> the oacess Funds in eccordance wtth the requiruments of applicable law.If the amount of the Funds held by L.ender at any time is
<br /> not sufficknt w pay the Escrow Items when due.Lendu may so notify Borrower in wrtting,and,in such case Boirower ahatl pay
<br /> to Lenda the amount nxessary to make up the deficiency. Bo�rower shall make up the deficiency in no more than twelve
<br /> monWly payments,et Lender's sole discretion.
<br /> Upon payment in fuU of aU sums secured by this Securiry Instrument,Lender shall promptly refund to Bocrowu any Funds .
<br /> held by Lendcr.If,undu paragraph 21,Lender shall acquiro or sell the Property.Lender,prior to the acquisIdon or sale of the
<br /> property�shall apply any Funds held by Lcnder at thc time of acquisiHon or sale as a credit ageinst tha sums secured by this
<br /> Securlty Instrumen�
<br /> 3.Applkatbn of P�yments. Unlcss appllcable law provides otherwise,ell payments secetvod by I.ender under paragraphs
<br /> i and 2 shall be applied: fust, to eny prapayment charges due undu the Nota;second,to emounts payable under paragraph 2;
<br /> third,to intcrest due;fourth,w principal duc;and last,w any late charges due under the Note.
<br /> 4.ChArges;Lkns. Sorrowu shall puy all taxes,assessments,cherges. fines and impostdons etuibutable to the Pcopaty
<br /> which may auain priority over this Securlty Instn�ment,and leasehold payments or gronnd rents,if eny.Borrowes shall pay these
<br /> obligadons in the menner provided In paragraph 2,or if notpaid in that manner,Borrower shall pay them on time directly to the
<br /> pecson owed paymet►� Borrower shall prompdy furnlsh to L.ender ell nodces of emounts eo be paid under this paragtaph. If
<br /> gorrowor makes these payments directly,Borrowet shall promptly f�rnish to Lender receipts evidencing the payments.
<br /> Borrower shall prompdy discharge any llen which haY priority over this Security Instcument unless Borrower:(a)agrc�es in
<br /> wriung to the payment of the obligation secured by the lien in a manner acceptable w Lender,(b)contests in good faith the llen
<br /> —��-- by, or defends against enforcement of ihe Gen in. legal proceedings which in the Lender's opinion operate to pnvent Ihe
<br /> _.__ enfoccemeat of thc Uen;or(c) secures from the holdcr of the licn an agreement satisfactory to L.enda subordinating tha lien w
<br /> ----- this Securlty Instrument If Lender detetmincs that any part of the Property is subject tn a Gen which may attaln priodty over this
<br /> = Securiry Instrument,L�ender may give Borrower a notice idenuifying the lien.Borrower shall sadsfy the liea or talce one or more
<br /> -,�� of the acflons set forth above within 10 days of the giving ot nodce. .
<br />-�`�=''� Form 3028 91D0
<br /> •� eR{NE)�oi�x�.oi Pap�2of E innuis:
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