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<br /> 7'OGETFI6R WITH ull the improvements now or hereafter erected on the propeny,und all eatiements,a�j5u enances,and '�'.'�1=<:
<br /> tixtures naw or hercafter a part of the praperty. All replucements und additicros shall also be covcred by this Security '��i��zr=�.
<br /> Instrurnent. AU uf tNe foregoing is rcferred to in chis Sccurity InStrument us the "Property." s�:�--
<br /> k3U1�RUWEK COV6IJANTS ll�ut IIurruwer iy lawfull tiei�ed uf llie e+tule hcrcb �u��vc'c�1 antl has lha ri �hl lo rant and �a"-""s..
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<br /> �,*+�*° canvey the Propeny and that the Property is unencum�ered, exeept for encumbrances of record. Borrowcr warra�us and will — _
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<br /> � defend�enerally the tide to the Property ugninst all clnims and JemunJs,subjert�u any encumbrunces of record. �_=_
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<br /> ' TH[S SECURITY WSTRUMENT comhines uniform covcnants for national usc and nan-uniform cuvcnunts with limitcd =_-
<br /> variations by jurisdiction to constitutc a uniform sccurity instrument covcring rcal property. =_--
<br /> UNIFORM COVENANTS. Borrower and Lendcr cuvenant and ugrec us follows: —
<br /> 1. Payment of Principul and Interest; P►•epnyment and I,ate Charges. [3orrowcr shall promptly pay when duc thc �-=_-- -
<br /> :� principal of and interest on the debt evidenccd by thc Note and any prepayment and late chargcs due under thc Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to u written waiver by J.ender, Borrower shall pay to
<br /> Lender on the day monthly payments are due under the Note, until the Note is paid in full,u sum ("Funds") for. (a)yearly taxes ---
<br /> :"s and assessments which may attain priority over this Security Tnstrumcnt as a lien on the Propcny: (b) yearly leaschold payments _
<br /> - �1�: or ground rents on the Property, if any; (c)yearly haznrd or property insurance premiunis;(d)yearly flood insurance premiums, —
<br /> � if any: (e)yearly mortguge insurance prcmiums, if any; and (� any sums payable by Borrowcr to L.endr,r, in accordance with _
<br /> � the provisions of paragraph 8, in lieu of the payment of mortgage insuranre premiums. Thcse itcrns are callcd "Escrow Items." __`_-
<br /> Lender msty, at uny time, collect and hold Funds in an amount not to cxceed the maximurn arnount a Iender for a federaUy
<br /> °j related mortgage loan may require for Borrower's escrow account under the f'ederal Real Estate Settlement Procedures Act of
<br /> � 1974 as amended from time to timc, l2 U.S.C. Sectinn 2601 er sey. ("RESPA"), unlcss anoiher law that applies to the Funds �`�
<br /> sets a Iesser aiiiount. If so, Lender may, at uny time, collert and hc�ld Funds in an amount not to exceecf the lesser atnount.
<br /> � Le�xler may cstimate thc amount of Funds duc on the basis of currcnt datu and reasonable cstimates of expenditures of futurc !
<br /> • Escrow[tcros or othcrwisc in accordancc with applicablc law.
<br /> ' � The Funds ,hall bc held in an institution whnse Jeposits are insurcd by a fcderul agency, instrumentality, or entity
<br /> ` (including Lender, if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the
<br />' Escrow Items. Lcnder may not churge Borrower for holding and applying the Funds,•rnnually analyzing the escrow account, or
<br />__ verifying the Escrow Items, unless C.ender pays Borrower interest on the Funds und appl icnblc law permits Lender to make such
<br /> a charge. Howcver, L.ender may require Aorrow•er to puy a one-time charge for un independent rcal estate tax reponing ser��ice
<br /> used by Lcnder in conncction with this loan, unlcss applicable law provides othcrwisc. Unlcss un agrecment is made or
<br /> applicablc law rcquires intcrest to be puid,Lender shall nnt be required to pay Borrower any interest or carnings on the Funds.
<br /> � Borrowcr and L.ender may ugrec in writing, however,that intcrest shall be paid on thc Funds. Lcnder shall give to Borrower,
<br /> ' withaut charge, an unnuul accounting of the Funds,showing credits and debits w the Funds and the purpose for which each
<br /> �• • debit to the Funds was made. Thc Funds arc plcdgcd as udditioni�l sccurity for all sums securcd by this Securiry Instrument.
<br /> • If the Funds held hy Lender exceed the amounts permitted to be held by applicablc law,Lender shall uccount to Bormwer
<br /> for the exeess Funds in accordunce with the reyuirements of applicuble law. If the amount of the Funds held by L.ender ut any
<br /> timc is not sufficicnt to pay thc Escrow Itcros when duc. Lcndcr may so notiFy Borrowcr in writing,and, in such cusc Borrowcr
<br /> shall pay w Lcndcr thc amount neccssary tm m�kc up thc deficicncy. Borrowcr shaU make up thc deficiency i�i no more dtan
<br /> twclvc monthly payments,at Lcnder's solc discrction.
<br /> ' �. Upon p:�yment in full of all swns sccured by this Securiry [nstrument, Lender shall prornpd�• ref'und to Borrower any
<br /> Funds hcld by Lender. If,undcr p:�ragraph 2 I. Lcndcr shall ucquirc ur sell thc Propeny, Lendcr, prior ro the acquisition or salc
<br /> " " '� cif the Property, shall apply any Funds hcld by Lender ut the time��f�cyuisition or,ale as a credit against the sums securui by
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<br /> ; this Security Instrument.
<br /> 3.Application of Paymen[s. Unless applicablc law providcs otherwisc,all paymcnts reccivcd by Lendcr undcr paragraphs
<br /> = 1 and Z shall hc applicd: fir�t. to any prcpaymcut rhargc,duc un�cr thc ?�otc; sccond, to amount,�iayab�c unJcr paragraph Z; �-__
<br /> third, to intcrest duc: fcurth,to principal Juc:and In�1, to any latc charges duc undcr thc Notc. `_
<br /> � - 4. Chur�es; I,iens. Borrower shall pay all taxcs, assessments. chargcs, fincs and impositions attributablc to the Property —
<br /> " which may attain prioriq- over this Sccurity Intitruuxnt, and Icaschold payments or ground rents, if'uny. Borrowcr shall pay �
<br /> �'� thcsc obligations in thc manncr provided in puragraph2, or if not paid in thut manncr.Borrc�wcr�hall pay thcm on timc dircctly =
<br /> - �{ to thc pertiun owcd paymcnt. Borro�vcr sh�Ql prc�mptl��f'urnisl�to Lcndcr all noticcs of amounu tc�bc paid undcr this paragraph. ;:.--.
<br /> �; if Borrowcr makcs thcsc paymcnts dirertly, Borr���vcr�hall prumptly furnish tu Lcndcr rcceiptsevidencing the paymcnts. `�
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<br /> �4 Burruwcr�hall prumptly Jisrhartc any licn which h,i�priority ovcr this Srruriry Instnuncnt unlrs�Borrc�wer: (a)agrcc,in '_:�.;-_
<br /> � writing to the pciyment <,f the ubligation aerureJ by the lien in a mxnncr arceptuble to Lendcr,(h)contests in good f'aith the lien � _
<br /> �� hy, or drlenJs aguinst cnforrcmrnt cif thc licn in. Ic�,al procccdings whirh in thc l.cndrr'� c�pinion operatc to prcvcnt thc. . :'.�Y
<br /> � rnti�rrcmcnt ot thc licn; or(c)srrurrs frum thc hulJcr c�l thc licn an agrrrmcnt tiatitifartory to Lcndcr tiuhordinating thc licn to ,
<br /> � this 3crurity Intitrumcnt. II'Lend��r dctcrmincs (hat any part ul thc Pruprnp is wbjcrt tu a licn which may auain priority ovcr
<br /> this Scrurity Insu�untrnt. I.rndcr maa give H<vrowcr a noncr identifyin� thc lien. H��rm��•cr +hall +ati�fj�thr lien��r takr c>ne or
<br /> � i»orc cif thc:ictic�nti xt ti�rth ahuvc��•ithin 10 days of ilic giving ol'nuticc.
<br /> Form 3028 9190
<br /> Po�a 7 0l 6
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