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<br /> TOGETHER WITH all the improvements now or hereafter erected on the prapeny, and ull cusemcnis, uppurtcnances, and
<br /> fixtures now or hereaRer a part of the property. All rCplacements and �dditions shall alsc� be coveral by this Securily
<br /> instrumcnt.All of the faregoing is refiorrecf to in this Sec;urity Instrument ns thc"Property."
<br /> BORROWER COVBNANTS Ihat Bormwcr i�lawfully�eisal c►f Ihe cstatc hereby conveyai a�xt has�lie right to grunt urxl
<br /> convey the Property and that the Property is unencumlxred, except for enewnbrunces of record. Bnrrc�wer wnrrunts and will
<br /> defend genernlly the tiele to the Property against all claiins and dGma►x1s, subject to any encumbranccs ot'record,
<br /> THIS SECURITY 1NSTRUMENT combines uniform cmennnts fbr nutlonal use and non-uniform covennnts with limited
<br /> variations by Jurisdiction to canstitute a unifarm secarity insttument covering real property. ,
<br /> LINIFQRM COVL'NA.NTS. Anrrowcr and[.endcr covenant nncl ugrcc as follows:
<br /> 1, Royment o[ Princip�l And Interest; Pre{wymmt pnd I.ate ChArge�. Borrower spall pn,mptly pay whcn due thc
<br /> principal of and interest on the debt evidcncal by the Note and any prepuyment and late charges duc undcr thc Note.
<br /> 2. Funde for TAxcs and insurance. Subject to npplicabl� Inw or to a written wuiver by Lender. Horrower sl�ull pay to
<br /> L.ender on the day mcmthly poy�nents are due under the Nate,until the Note is pai�in full,u sum("Funcls")for:(a)yearly taxes
<br /> and assessments which muy attain priority over this Security Instrument as a lien on the Property;(b)yearly leuschold payments
<br /> or ground rents on the Propeny, if any;(c)ycarly hazard or propeny insurance premiums;(d) ycnrly floocl insurance premiums,
<br /> if any; (e)yea�ly mnrtgege insurance premiums, if any;und(� any sums payable by Borrower t� L.ender, in accordance with
<br /> the provisions of paragrepl� 8,in lieu af the payment of mortgage insurance premiums. These items a�e cnlled"Escrow Items."
<br /> L,ender may, at any tinx, collect and hold Funds in an amount nat to exceal the maximum amount a lender for a foderally
<br /> relatal mortgege loan may rcquira for Borrower's escrow account under the federal Real Estute SetQement Procedures Act of
<br /> 1974 as amended from time to time, 12 U.S.C.S�xtion 2601 rt seq. i."RESPA"), unless another law that applies to the Funds
<br /> sets a lesser a►mwnt. If so, Lender may, at any time, collect and hold Funds in nn amount not ta excad the lesser amount.
<br /> Lender may astimate the amount of Fuixls due on the basis af curccnt d�ta and reusonable estimates�f oxpenditures of futura
<br /> F.scrow ltems or otherwise in eccotdance with upplicuble law.
<br /> The Furxls shall be held in un institution whosC deposits are insured by a fecteral agency, instrumentality. or enti�y
<br /> (including I.ender,if Lender is such an institution)or in any Federal Hoine Loa�Bank. Lender shall apply the Funds to pay the
<br /> Escrow Items. L,cnder may not charge BonoH�er for holding ancl applying the Funds,annually analyzing the escrow eccount, or
<br /> verifying the Escrow Items,unless Lcndcr pays Borcower interest on the Funds and applicable law permi�s L.ender ta make such
<br /> a charge. However, Lendcr may requirc Bonower to pay a one-time charge for an independent real estate tax reporting servia
<br /> used by I.ender in connection with this loan, unless applicable law provides otherwise. Unless sn agrcement is made or
<br /> applicable law requires interest to be paid, Lcnder shall not be required to pay Borrower any interest or earnings on the Funds.
<br /> Borrower and]..er�der may �grce in writing, hawever, that inter�st shall be paid un the Funds. Lender shall give to Borrower,
<br /> without charge, an annusl accounting of Ihe Funcis, showing eralits and debits to the Funds and the purpose for which eaeh
<br /> cieoit io ii�a FuiwS itiwi ti'w.a+c.Th�Furdo w:c gledged a:»d�itioTLl Seriirj►y fnr�II�wns secured bV this StCU[lty IflStruttlCnt.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lcnder shall account to Bonower
<br /> for the excess Funds in accordance with the requirements of applicable Isw.If the amount of the Funds held by Lender at any
<br /> time is not sufficient to pay the F.scrow Items when due,Lender may so notify Borrower in writing,and,in such case Barrower
<br /> shall pay to Lender the arnount necessary to make up the dcficiency. Borrowcr shall make up thc deficiency in no more than
<br /> twelve rnonthly payments, at I..ender's solc discretion.
<br /> • Upon payment in full of all sums sc:cured by this Security Instrument, Ix.nder shall promptly refund to Borrower any
<br /> Funds held by Lender.If, under paragraph 21,Lender shall acquirc or selt the Property,Lender,prior to the acquisition or sale
<br /> of the Property, shall apply any Funds held by Lender at the time of acquisition or u►le as a creciit against the sum.a secured by
<br /> this Security lnstrument.
<br /> 3.ApplicAtion ot Ps�ymenls.Unless applic:�ble law providcs othcrwise,all payments receivcd by L.ender under paragraphs
<br /> 1 and 2 shall be applied: fint. to any prepayment charges duc under the Note; second, to amounts payable uncier paragraph 2;
<br /> third,to interest due; fourth,to principal due;and last,to any iate charges due under the Note.
<br /> 4.Ctu�rges;Liens. Aorrower shall pay all taxcs,assessments,charges, f nes and im�.yitions nttributable to the Propercy
<br /> which may attain priority over this Security Instrumcnt, and leasel�old payments or ground rents, if any. Borrower shall pay
<br /> these obligations in the manncr providal in paragraph 2,or if not paid in that manner, Borrower shall pay them on timc di�tictly
<br /> to trie person owed pnyment.Borrower shall promp:ly turnish to L,endcr all notices of umounts to be paid under this paragraph•
<br /> If Borcowcr makcs thcse payments dirce�ly,Borrower shall promptly furnish to Lxndcr receipts evidencing the payments.
<br /> Borcc�wer shall pmmptly discharge any lien which has priority over d�is�;ecurity Instcument unless Borrower:(x)agress in
<br /> writing to the payment of th�obligation secured by the lien in a manner acceptable to l.ender;(b)contests in goc�d faith the lirn
<br /> by, or defends against enforcement of the lien in, legal procetdings which in the Lender's opinion operate to prevent the
<br /> enforcement of the lien;or(c) secures from the holder of thc lien an agreement satisfactory to Lender subordinnting the lien to
<br /> this Sec��rity Instrument. If Lender determines that any part of the Pruperty is subject to a lien which may attain priority over
<br /> this Sec:urity Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or taka one or
<br /> more of the xtions set forth above within 10 days of thc giving of notice.
<br /> , Fam 3028 8190
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