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<br /> TIXi�THSR WITH all 1ha impravemcatls now on c�rcaftcr croctcd on thc property.az►d 1 caccments, appurtenanccs,end
<br /> fixtures naw ar here�ftu e put af tho propaty.All replaccmcnu and addiUons shall also bc covcrcd by this Securlty Inswmen�
<br /> All of thc fnregoing ls rcfcrrcd to in this Sacurfty Instrumcnt a9 tha"Property:' _
<br /> BORROWHR COVENANTS Ihat Borrowcr is lawfully scised of Iho cstatc hcrcby canvcycd and hes tho right to grent and
<br /> convcy tho Property and that�ho Prope��y is uncncumbcocd, oxccpt fGr cncumbranccs of rccord. Borrawcr warrants and will
<br /> defend generally Ihe UUo w Iho Properry against all claims and demanda,subJcct to any encumbrances of record.
<br /> 'CHIS SECURITY INSTRUM&NT cam6incs unitorm covcnants for nadonal usc end npn•uniform covcnentg with limitcd
<br /> varfadon�by Jurfsdlcdan w cansdtutc e unifortn securlty instrument covering rcal propcny.
<br /> UIVIFORM COVENAIVI'S.Borrowe�nnci Lendcr covenant end egrce as foliowa: -
<br /> 1.P�yment ot Princlpal and Interesl;Prepsyment ond Late Ch�rges. Borrowcr shall promplly pay whcn due ihc
<br /> principal of and lnurest on tha de6t cvidcnccd by thc Nou end any prepaymcnt and lau chargcs duc undcr the Notc.
<br /> 2.Funde tor Taxes�nd Inaurnna. Subject to appUcable la�w or to a written waivcr by Lcnder.Borrower shall pay to
<br /> L.ender on the day monthly paymcnts are due undcr the Note,undl the Note�S paid in fuU,a sum("Funds") for.(a)ycarly taxes
<br /> end essessments which may attain priority over thl�Socurity Instrum�n�as a lien on the Properiy;(b)Year1Y Icaschold payments
<br /> or ground rents on the Property,if any;(cJ�yearly hezerd or property insurance prem{ums;(d)yearly flood lnsurance premiums,if
<br /> �Y;��)Y�ly moctgege insutance premiums. if any;and(�any sums payable by Borrower to Lender,in accordance with the
<br /> provisions of paragraph 8, ln Geu of ihe payment of mortgaga insurance premiwns. These items are called "Escrow Items."
<br /> Lendu may,at any time,collect and tald Funds in en amount not Eo ea�coed thc maximum amount a lcnder for a fedually rela4ed
<br /> mortgagc loan may requirc for Bonrower's escrow eccount undu thc federal Real Estate Settlement Procedures Ace of 1974 as
<br /> wnendod from dme to dme,12 U.S.C.Sectlon 2601 et seq. ("RBSPA"),unless enother law that appUes to the Fund�scts a le�,ser
<br /> amount If so,I.enda may.at any tima, collect and hold Fnnds in an emount nat to exceed thc leaser amount.Lender may
<br /> estimate the amount of Funds clua o►i U�e Uagis of current data and reasanablc csdmatcs of expertdipues of fuwn Escxow Items or
<br /> wbawise ln ecconitu�ce wlth applkabb iaw.
<br /> 'lt�e Funds shall Ix hWd in an insdwtion whose deposits are insund by a federal agency.instrumentaliry.or endty(including
<br /> Lender,if Lcnder is such an insdwtian) or In any Federal Home La�n Sank.I.ender shall apply the Fnnds W pay 1�e Fscroa+
<br /> Ituns.Lendu may not edarge Bortowa for holding and applying the Funds,annually analyzing the escrow account,or verifying
<br /> th�Escrow Items,unIess L.ender pays Borrowu�nterest on the Funds end appllcable Iaw pccmits L.ender to make such n charge.
<br /> Howover�L,e�du may requIre Borrowu w pay a one-timc charge for an lndependent real estate tax reporting service used by
<br /> Lender 1n connection wtth this loan. wless epplicable law provides othuwise.Unless an egr�xment is made o�appiicable law
<br /> requires interest to be paid,Lendu shall not be cequired w pay Bonowcr any intcresc or earnIngs on the Funds.Borrowu and
<br /> Lender may agree in wrlting,however,that Interest shaU he paid on the Funds.Lender shall give to Borrowu.without chergo,an
<br /> annual accounting of the Funds,stwwing credits and debits to the Funds and the purpose for which each debit to 1he Funds wa4
<br /> �w�te.'lt��ds a�-a�t�gcd as ad3i�a�a!axur;iy for at1 sums�curee!b;shi�Securii;Inslnsmeni.
<br /> If tha Funds held by Lender axceod the amounts permittai to be held by applicable law,Lender sl�all account to Borrowcr for
<br /> tha euass Funds in accordance wtth the requirements of applicable law.If the amount of the Funds held by Lender at any time is
<br /> not sufficient w pay the Escrow Items when due,Lender may so notity Borrower in wrIting,and.in such c�,se Borrower shall pay
<br /> to Lender tlxs amount necrs.�ary w make up the deficiency. Borrower shaU make up the defickncy in no more than twelvo
<br /> monthlY PaYments.at Lender's sole discretion.
<br /> Upon payme�►t in full of all sums secured by this Security Instn�menb I.ender shall prompdy refund to Bomower any Funds
<br /> held by Lendu.If.uadu paragcaph 21,Lender shell ecquire oT sell the Property,Lender,prior w the acquisidon or sale of the
<br /> Properiy.shall apply any �unds hold by Lender at the dme of acquisidon or sale as a credIt$gainst the s�uns socured by this
<br /> Sxurlty Instrumen�
<br /> 3.Applkatbn of Poyments. Unkss epplicable law provtdes otherwLse.all payments received by Lender under paragraphs
<br /> 1 and 2 shall be applkd: first,to enY P�Yment charges due under the Notc:socond,to amounts ps�yable under paragrnph 2:
<br /> third,w�nterest due;fouN�,to pdncipal due;and last,w any fate charges due under the Note.
<br /> 4.ChArgesi Lkns. Bonowcr stiall pay all taxes.assessmentv,chargcs, fines and impositlons atuibutable W the Property
<br /> which may aw�in pdority ova this Security Instiument,and lcasehoM payments or ground rents.If any.Borrower shalt pay these
<br /> obtigatfons in the manner provtdai in paragraph 2,or if not paid in that manner.Sorrowr,r shall pay them on tUne dirxdy to the
<br /> person owed paymenG Borrower shall promptly fumish w Lender aU noHces of amounts to be paid under this paragtaph. If
<br /> Borrowcr makcs thcsc payments directly,Borrowu shall promptly fumish to Lender reccipts evldencing[he paymenu.
<br /> Barowa shall promptly discharge any lien which has pdodty over this Security Instr�ment unless Borrowu:(a)agrees in
<br /> wridng to the payment of the obllgatIon securecl by the lie� in a manner acceptable to Lender;(b)contests in good faith the flen
<br /> by. or defends against enforcement of the lien in, legal procxdings whlch in the Lender's opinion operate to pcevent the
<br /> enforcement of the lien;or(c) secures from the holdec of the licn an agreement sadsfactory to Lendu subordinat�►g the lien to
<br /> this Securlty Instrumcn�If Lendu determtnes that any part of the Property is subject W a liea which may auain priority over this
<br /> Security Instrument,Lender may give Bomnwer a nodce idcnt�fying thc lien.Borrower shall satisfy ihe{ien or take one or more
<br /> of the acdons sct foM above witliin 10 days of the giving of nodce. .
<br /> Form�02d 9/00
<br /> �-OR(N E)(Y2�21.ot Pap��ot E Initiab:
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