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<br /> TO(3ETH8R W!'fH aU the improvemcnts naw�or hereaRer erectai on the property,and all casemcnts,nppurtenanc�, and
<br /> fix�ures rxiw or hereafter s part af the pr�perty. AU replacements ancl additions shall also he covered by this Sa:urity
<br /> lastrument, All af 1hc faregoing is rcferrcci to in►his Securfty Instrumcnt�g the"Fropcny,"
<br /> BORROW�R COVENANTS thot&�rrowor iw lawfully se:icai of the cstate hereby convcyed und has thc right to grant arul
<br /> convey the Property and thAt the Property is unencumbened, except for encumbrances caf recard.Borrower wuRants and will
<br /> defend gene�plly the title to the Property against all clsims sncl demands.subject to any encumbrancec of record.
<br /> THi5 SECURITY INSTRUMENT cambines uniPorm covenants for nntional use anci non-uniform covenants with limited
<br /> Weriations by jurisciiction to consUtute a unifarm�ecurity instrument co��ering xe�l propert�.
<br /> UNIPORM COVBNA.NTS,Aormwer ancf L.endcr covenant and agra as fallows:
<br /> 1. PAyment o[Princi{w! and Interesf; �'epwYment and Lwte ChArges. Harrowar shall promptly pay wtien due the
<br /> princlpal of and intercst on the debt cvidenced by the Note and any prcpayment and latc ct�arges due under thc Note.
<br /> x. Fund.s tor Taxes And Inaurnnce. Subject to applicablc law or to a writtcn waivcr by I.ender, Honower shall pay to
<br /> Lendcr on the day monthly payments are due undcr the Note,until the Notc is paid in full, a sum('Funds")for: (a)yearly taxes
<br /> snd assassments which may attaln priority over tliis Security Instrument as a lien on the Property;(b) yu►rly leasehold payments
<br /> or ground rents un the Property,if any;(c)yearly bazard or property iasurance premiums; (d)yearly flood insuranct premiums,
<br /> if any; (e)yearly mortgege insursnce premiums, if any;and(� any sums payable by Borrower to Leixler, in accordance wlth
<br /> the provisions of paragraph 8, in lieu of the payment of mongage ins�rance premiums.These items nra culled "Escrow Items."
<br /> Lender may, at any time, collect and hold Funds in an amount not to excced the maximum amaunt a lender for a fedoraUy
<br /> r�►atecl martgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless anott�er law that applies to ttie Funds
<br /> sets a l�sser anwunt. If so, Lender may, at any time, collect and hold Funds in an amount not to excced the lesser emount.
<br /> Lencier may estimate the nmount of Nunds due an the basis of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or otherwise in�ccordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits are insured by n federal agency, instrumentality, or entity
<br /> (including Lender, if I.ender is such an institution)or in eny Federal Home Loan Bank.I.ender shall apply the Funds to pay the
<br /> Lscrow Items.I.ender may not charge Barrawer for holding nnd applyin�the Punds,unnUally analyzing the escrow account,or
<br /> veriFying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law pertnits Lender to m�lce such
<br /> s charge, However, Lender may requirc Borrower to puy a one-time charge for an independent real estate tax reportiug servict
<br /> used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or
<br /> applicable law requires interest to be paid, L,ender shall not be required to pay Hurrower any interest or earnings on the Funds.
<br /> Bonower and Lender may agree in ariting, howevcr, that interest shall be paid on the Fu�s. �n hcr s�hall�ivf T� �h each
<br /> withaut charge, an annual accounting of tho t'unds, snowing craiit� a�� ��bit�io t;.^ Fu.._� e.._ . . �
<br /> dcbit ta the Funds was made.The Funsls are pledgal as additlonai security for xll sums socurcd by this Socurity instrument.
<br /> If the Funds held by Lece�er excad the amounts permitted to be held by upplicable law, Lender shall ac;count to Borrower
<br /> for 1he excess Funds in accordance with the requiremrnts of Tpplicable law. If the artx�unt of tho Funds held by Lender at any
<br /> time is not sufficient to pay the Escrow ittms when duo,L.ender may sc�notify Borrower in writing.end.in such c.ase Borrower
<br /> shall pay to I.ender the amount necessary co make up the deficiency. Borrower shall makt up the deficiency in na cnore than
<br /> twelve monthly payments,at Lender's sole discrction.
<br /> Upan payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br /> Funds held by Lender.If, under paragraph 21, I.ender shall acquire or sefl the Property, Lender,prior to the acquisition or sale
<br /> of the Properly, shall apply any Funds held by I.ender nt the time of xyuisition or sale as a credit against the sums saured by
<br /> this Security Instruir►ent.
<br /> 3.Applkation of PRymen�9.Unless applicable law provides otherwise,all payments receivai by i.ender under paragtaphs
<br /> 1 and 2 sha11 be applied: first,to any prepaymcnt charges due undcr the Note; second, to amounts payable under paregraph 2;
<br /> thlyd,to intercst due;faurth,to principal due:and last,to any late charges due undcr the Note.
<br /> 4.ChArges; Liens. Borrower shall pay oll taxes,assessments, charges, Cines and impositions attributable tu the Property
<br /> which may attain priority over this Security Instrument, and Icaschold payments or ground rents,if any, Borrower shall pay
<br /> thesc obligations in the manner providcd in paragruph 2, or if not paid in that mnnner,Borrower shall pay thcm on time directly
<br /> to the person owed payntent. Borrower shall promptly furnish to Lender all notic�s of amountF.to be paid ander this paragraph.
<br /> If Borrowcr�nakes these payments directly,Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br /> Borrnwer shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)agrees in
<br /> writing to the paymenc of the obligation secured by the lien in a manner acceptnble to Lender; (b) contests in good faith the lien
<br /> by, or defends aguin�t cnforcement of tl�c licn in, Icgal proceedings which in tl�e Lendcr's opinion operate to prevent the
<br /> enforcement of the lien; or(c)secures from tlie holder of che iien an agc•cement satisfactory to Lender subordinating the lien to
<br /> this Security Instrument. If Lender determines thut any part of tlie Property is subject to u lien which may attain priority over
<br /> this 5ecurity Instrument. Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the licn or take one or
<br /> more of the actions set fortll above within 10 days of the giving of�iotice.
<br />— Form 3028 8l90
<br /> Page 2 0l 6
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