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<br /> 98- ssz��s
<br /> TO(3�THER WITH ull the impravements now or hereafter erected on the property,und ull ease��xnts,appurtenances,and
<br /> fixtures nnw ur hereaRer a part of the property. All replacements und aclditions shall alm be covered by this Security
<br /> lnstrunxnt. AI!of t'he faregning is roferral ta in this Saurity Instrumcnt as the"Property."
<br /> BQRROWER COVENANTS that Aorrowcr is lawfully scisccl nf the c.r•tatc hcrcby convcycd nnd hnti thc right to grant und
<br /> canvey the Property utxl tl►at the Propeny iti unencumberecl, except for encumbrunces of record, B�rrower wnrrunts nnd will
<br /> dcfeiul generally thc lide to the Prapcny aguinst all ciaims und demunds,subjcct to any cncumbranccs o(recarci.
<br /> THI5 SECURITY INSTItUMBNT combines uniform covcnnnts for natienul use and n��muniform cavcnunts with limited
<br /> ♦�ariations by jurisdiction to canstitutc a unifonn sccurity instrumcnt covcrin�rcal propeny.
<br /> UNIFORM COV�NANTS. Borrower and I..encicrmen,npnt�a�dp`�E�Charges�Borrower,shull promptly pay whcn due thc �
<br /> 1. Pwyment or Pr�ncipal wnd lnteresh �'repay
<br /> principal of and interest on thc debc evidencccl by ihe Note snd any prepayment and lacc churges duc uixicr the Notc.
<br /> 2, Fuod.g for 9'nxe:s nnd Incure�nce. Subject to applfca6le law or to A wriaen wnivcr by Lcndcr, 6orrower shall pay to
<br /> L,ender on the day monthly paymants nrc due under the t�ote,until thc Nate is paid in full,�u Y,("Fu��I tlenseho d aYm nts
<br /> and asscsvments which may attuir�priority over this Security Instrument as a lien on tl�c Pro rt (b) y y P Y
<br /> or ground rents on the Property, if any;(c)ycarly hazard or property insurance prcmiums;(d)yeurly floocl insurunce premiums,
<br /> if any; (e) yes►rly mortgage insurnnce premiums,if any; and (�uny sums payuble by Borrower ta i.ender, in nccardence with
<br /> ihe provisions of puragraph S, in liau of the payment of mortguge iiisurance premiums.These items are called"Escrow Items."
<br /> I.ender may, nt any time, collect and hold Fu�'►ds in an amount not to exceed the maximum amount s lender fur a faierally
<br /> related mortgnge loan may require for Borrower's eurow uccount under the federal Real Fstate Settlement Procedures Act of
<br /> 1974 as amendai fmm time lo time, 12 U.S.C. Section 2601 et srq. ("RESPA"),unless another larv that applies to the Funds
<br /> sets u lesser nmount. if so, Lender may, nt nny tiine,collect and hold Funds in An amount not to exceai the lesser umount.
<br /> L,ender may estimute the amount of runds due on the basis of current data und reas�nable estimates ot'expenditures af future
<br /> E�crow Itcros or otherwise in accordance with applicable law.
<br /> 7'he Funds shall bc held in an institution whose dcposits are insurcd by a fedcral agency, insirumentality, or entity
<br /> (including Lendor. if Lender is such an institution)or in uny Federal Home I.oan Bank.Lender shall apply the Funds to puy the
<br /> Escrow Items.I.ender nwy not charge Aoreower for holding and applying the Funds, annually analyzing the escrow account,or
<br /> verifying the Escrow Items,unless Lender pays Borrower interast on the Funds and applicable law permits Lender to make suct►
<br /> a churgc. Howc�er, I.c:nder may rrquirc Borrower ta puy a one-time cha�ge for un independent reul estate tax reporting service
<br /> used by I.ender in conne;ction with this loan, unlcss applicable law provides othenvise. Unless an agreement is made or
<br /> applicable law requires interest to bc paid,Ixnder shall not bc required to pay aorrower uny interest or carnings on the Furv�s.
<br /> Borrower a�td Lendcr may agree in writing,howevcr,thut interest shall be paid on the Funds. I.cnder shall give to Horrower,
<br /> �;tr,on;sh�rge, �n anm!?� �ccountinR of tha Funds,showing credits and debits to the Funds and the purpose for which each
<br /> de�it to the Funds was made.The Funds are pledged as additional security for all sums secured'uy cnis Securiiy I�i�i�vii����t.
<br /> If the Funds held by l.ender exceed the amounts�ermitted to be held by applicable luw,L.ender shall uccount to�orrower
<br /> for the exccss Funds in accordance with the requirements of applicable law, If the amount of the Fun�s held by Lender at any
<br /> time is not sufficient to pay the Bscrow Items when due. t,e�idcr may so notify Borcower in writing,und,in such case Borrower
<br /> shnll pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no rr�ore than
<br /> twelve monthly payments,at I.ender's sole discretion,
<br /> Upon payment in full of all sums secured by this Security [nstrument, L.ender shall promptly reiuncl to Borrower any
<br /> Funds held by i.ender.If, under puragraph 21,Lender shall acquire or sell the Propeny,Lender,prior to the acquisition or sale
<br /> of the Prope►ty, shall apply any Eunds held by Lender at the time of acquisition or sale As a credit egainst the sums secured by
<br /> this Security Instrument,
<br /> 3.Appllcation ot Payments.Unless applicable law provides otherwise,all paynr.nts received by I.e►x�er under pnragraph�
<br /> 1 and 2 shall be applied: first, to any prepayment char�es due under the Note; second, to amounts payable under paragruph 2;
<br /> tliird,to interest due;fourth,to principal due: and lest, to any Intc charges due under thc Note.
<br /> 4. Chsrges; Llens. Borrower shall pay all taxes, assessments, charges, fines and impositiony attribuwblc to thc Property
<br /> which may attuin priority over this Security [nsteument, :uid Ieasehold payments or ground r�nts,if any. Borrower shull pay
<br /> these obligations in the manner provided in paragraph 2,or if not paid in that mam�er,Nc�rrowcr shall pay them on time directly
<br />— to the person owed payment.Borrowcr shell promptly tiirnish to I.endcr all iiotices of amounts to be paid under this paragr�ph.
<br /> If Borrower mafces these paymcnts directly,Borro�uer slinll promptly fumish to I.ender receipts evidenc:ing the puyments.
<br /> Borrower shali promptly discl�arge any licn which has priority o��er this Security Instrument unless Borrower: (a)agras in
<br /> writing to the payment of the obligation secured by the lien in a manner a�ceptable to Lendsr; (b) conteats in good faith the lien
<br /> by, or defends aguinst enforcement of the lien in, legal proceedings which in the Lender's opinion opernte to prevent the
<br /> enforcemcnt of the lien; or(c)secures from thc holdcr of thc lien an agreement satisfactory to Le»der subordinating the lien to
<br /> this Security Instrutnent. If l.,ender determines that nny part of the Property is subject to a lien which may attain priority over
<br /> this Security Instrument, Lender may givc Bonowcr n notice idcntifying thc licn. IIorrower shnll satisfy the lien ar take one or
<br /> more of the actions set forth abuvc within 10 deys of thc giving of�ioticc.
<br /> — Fwm 3028 9190
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