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<br /> TOGETHBR WITH all thc improvementa now or hercafter erocted on the property,and all easements,appurtenanccs,and
<br /> fixtures now or hereaftsr a part of thc property. All rcplwcements And additi�ns shall also bc covercd by thls Sa:urity
<br /> Instrument. All of the f�regoing is referred to in thi�5ecurity lnsirument ss the"Pruperty,"
<br /> BORltOWBR COV�I�iANTS tliat Borrower is lawfully scisod of the tstate hcreby r,onvcyed nnd has ihc right to grant atxl
<br /> convey the Property and th�t the Property is unencumbered, except for encumbrance:s of record. B�rro���r warrunts und wlll
<br /> defend generally thc title to the Property against all claims anJ demnnais, subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines unifonn covenants for national u.se and non-uniform coverwnts with limital
<br /> variatians by jurisdiction ta constitutc a uniform sccurity instrument covcriiaR real property.
<br /> UNIFORM COVBNANTS. Borrower and l.ender covenant and�grce as folluws:
<br /> 1. Pnyment of Princip�l and lnterast; Prep�yment and Late Clu�rges. Borruwer chall promptly pay when due the
<br /> principal of and interest on the debt avidenced by tlie Noto and any prepayment anci late char�es due under ihe Note.
<br /> 2. Fund9 tor Trxes And Insurance. Subject to applicable law or to a written waivcr by Lender, Borrawer chaU pay to
<br /> Lender on thc day monthly paymcnts are due under the Note,until the Note is paid in full,a sum("Funds")for,(a)yearly taxes
<br /> and assessments which may attain priority over this Securify Insttument as a llen on the Property; (b)yearly leasehold payments
<br /> or ground rents on the Praperty, if any;.(c)yearly hazard or property insurance premiums;(d)ycarly flood insurunce premiums,
<br /> if any;(e)yearly mortgage insurance premiums, if any; and(t)any sums payable by Bonower to L.endcr,in accordance with
<br /> the provisions af puragraph 8,ii�licu of the payment of mortgage insurance premiums.These items are called'Escrow Itctns."
<br /> Lender may, at any time, collect a�xi hold i'unds in an amount not to cxcad the maximum umount u Irnder for a foderally
<br /> relsted mortgage loan may rcquire for Borrower's escrow account under the federal Real Estate Settlement Procodures Act of
<br /> I974 ac amended from tinne to time, 12 U.S,C. Sectian 2601 et.req. ("RESPA"), unless another law that opplies to the Funds
<br /> sets a lesscr amount. If so. I.ender may, at any time, collect and hold Funds in an amount not to excad the lesser amount.
<br /> Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of ezpenditures of future
<br /> f?scraw Items or otherwise in accordance with applicable law.
<br /> The Funds shall be hcld in an institution whose deposits are insured by a faleral agency, instNrr�entality, or entity
<br /> (including Ltnder,if T.ender is such an institution)or in any Federal}Iome I.oan Bank.Lcnder shall apply the Funds to pay the
<br /> Escrow Items. Lender may not charge Borrower for holding and applying the Punds, annually analyzing the oscrow�cccwnt,or
<br /> v�rifying the Escrow Items,unless I.ender pays Bonower interest on the F'unds and applicable law permits Lender to make such
<br /> a charge. However, Le►�der may require Borrower to pay a one-time charge for an independent rwl estate�ax reporting servia
<br /> used by I.ender in connection with this loan, unless applicable law provides otherwise. Unless an agr�ement ie mrde or
<br /> applicabl�law requirrs interest to be paid, [.ender shall not be royuir�d to pay Borrower any interest or eamings on the Funda.
<br /> Borrower and Lender may agree in writing, however, that intcrest shall be paid on the Funds. L,ender slull give to Borrower,
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> debit to the Funds was made.The Funds are pledged as edditional security for ell sums secured by[his�ecurisy inai�u���c��i.
<br /> If the Funds held by L.ender exceed the amounts pecmitted to be held by applicable Isw,Lender shall account to Borrower
<br /> for the excess Funds in accordana with the require►nents of applicable law. If the amount of the Funds held by Lender at any
<br /> time is net sufticient to pay the Escrow Items when due, I.ender may so notify Borrower in writing,and,in such cnse Borrower
<br /> shall pay to L,ender the amount necessary to jnake up the deficiency. Borrower shall make up the c9eCciency in nu more tlun
<br /> twelve monthly paymcnts. at I.ender's sole d(scretion.
<br /> Upon payment in full of nll sums secured by this Security Instrument, L.ender shull promptly refund to Borcower �ny
<br /> Funds held by I.cnder.If, under paragraph 21, i.ender shall acquire or sell the PropeRy,I.ender,prior tothe acquisition or sele
<br /> of the Property, shall apply any Funds held by Laxler at the time of acquisition or sale as a credit sgainst the sums secured by
<br /> this Security Instrument.
<br /> 3.Appiication of P�yments,Unless applicable law provides otherwise,all payme��ts received�y L.ender under paragraphs
<br /> 1 and 2 shalt be applied: �rst, to any prepayment charges due under.the Note; second,to amounts payable under paragraph 2;
<br /> third,to interest due;fourth,to principal due;nnd last,to any late charges due undcr the Note.
<br /> 4. Ctu�eges; L1ens. Bortower shall pay ull taxes, nssessrrKnts, charges, fines and impnsitions uttri6utable to the Prope�ty
<br /> which rnay attain priority over this Security Instrument, and leaschold payments or ground rents, if any, �rcower shall pay
<br /> these obligations in the manner provided in paragraph 2,or if not paid in that manner,Horrower shall pay�hem on time dircxtly
<br /> to the person owcd payment.Borrower shall promptly furnish to Lender all notices of amounts to be paid uhder this paragraph.
<br /> If Bonower makes these payments directly,Borrower shall p�nmptly turnish to i.ender receipts evidencingthe payments.
<br /> Borrower shall promptly dischnrge any lien which has priarity over this Security Instrument unless Borrower:(a)agrees in
<br /> writing to the payment of the obligation secured by the lien in u manner acceptable to L.ender;(b)contests in good faith the lien
<br /> by, or dcfcnds against enforcement of the lien in, lcgal proce�ings which in the Lender's opinion operate to prevent the
<br /> enforcement of thc lien;or(c) secures from the liolder of the lien an agreement satisfuctory to Lcnder subordinating the lien to
<br /> this Security Instrument. If Lender determines that any part of tlie Property is subject to a lien which rnay attain priority over
<br /> this Security Instrument, Lender mny give Borrower a notice identifying the lien. Borrower shall satisfy lhe lien or take one or
<br /> more of thc actions sc�forth above within 10 days of the giving of noticc.
<br /> Form 3028 9180
<br /> Papa 2 0l B
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