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<br /> : $ �'��� iifl9bi3
<br /> • �' TOGETHER WITH uU the improvemcnts now ar hereufter erected on the property,and all cusementti, appurtenunces, und
<br />, . �, � fixtures naw ar hereuftcr a part of thc property. AU replacements und additiuns shull ulso be covered by this Security
<br /> Instrumcnt. All afthe foregoinb is refcrred to in this Security Instrument us the "Prupeny."
<br /> }3UltkUWEk CUVENANTS thut Horrowcr is lawfully sciscd of the estutc hereby conv�ye�anJ hii� lhe right tu grunt unJ '
<br /> - ,�"�'�� convey the Propeny and thut the Propeny is unencumbered, except for encumbrunces of record. Borrower wurrants and will
<br /> ' defend benerully the title to the Property uguinst all claims and demnnds,subject to uny encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform Covcramts for nntioniil utic and non-uniform covcnants with limited
<br /> '��+'• f � variAtions by jurisdiction to constitutc u uniform security instrument covering reAl properry.
<br /> � UNIFORM COVENANTS, Borrowcr und C.cndcr covenant und agrec as follows:
<br /> ' l. Payment�f Principal nnd lnterest; Prepuyment and Late Charges. Borrnwcr shull promptly puy when duc thc
<br />-. • principal of und inierest on the debt evideneeci by the Note and any prepayment and late charges due under the Note.
<br /> . " Z. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by L.ender, �orrower shnll pay to
<br /> I.ender on the day monthly payments are duc under thc Note,until the Note is paid in full, a sum("Funds")for: (a)ycnrly taxes
<br /> und assessments which muy attain priority ovcr this Security Instrument as a lien on the Propeny; (b)yenrly Icusehold payments
<br />'�,�•�".`•,, or ground rents on the Property, if any; (c)yearly hazard or property insuranee premiums; (d)yeurly flood insurance premiums,
<br /> - if any: (e)yeurly mongu�c insurancc premiums, if any; and (� any sums payablc by Borrower to Lender, in accorduncc with
<br /> the provisions of paragraph 8, in lieu of the paymeut of mortgage insurunce premiums.These items are called"Escrow Items."
<br />='`" . • Lender may, at any time, r.ollcct an� hold Funds in an amount not to exceed the maximum amount a lendcr for u federully
<br /> related mortga�e laun muy require for Borrower's escrow account under the federal Re;al Estute Settlement Pmcedures Act of
<br /> ' 1974 as �mended(rom time to timc, 12 U.S.C. Sertion 2601 er sry. ("RESPA"),unless another law that applies to the Funds
<br /> � � sets a Icsser amount. If so, Lendcr may, at any time, collect and hold Funds in an amount not ro exceed the fesser amount.
<br />�j� •'': �f ` Lender may estimate the amount of Funds duc on the basis of current data and reasonable estimates of expenditures of future
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<br /> :=;,., .. ° EscroN�Items or oihenvise in uccordance with applicable law.
<br /> � ° The Funds shall bc hcld in an institution whose deposits ure insurcd by a federal ugency, instrumcntality, or en�ity
<br /> ;�� .' (including l.ender,if Lender is such an institution)or in any Federal Home I.oan Bstnk. Lender shuU upply the Funds to puy the
<br /> � ,� Escrow Items. Lender may not charge Borrower f�r holding and applying the Funds, annually analyzing the escrow account,or
<br /> �� verifying thc Escrow Items, unlcss L.cndcr pays Borrower interest on thc Funds and applicable law permits Lcndcr to make such
<br /> ''"� • u charge. However. Lender may require Barrower to pay a one-time charge for an independent renl estate tax reporting servtce
<br /> • used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is mr.de or
<br />,'��....,�.� . applicablc taw rcquires intemst to bc paid, Lendcr shall not be rcquired to puy Borrowcr uny interest or earnings on the Funds.
<br />�y w�,,� .>� Borro�ver and Lcndcr may agrcc in writing, howcver, that intcrest shall bc paid on thc f'unds. Lendcr shall givc to Borrnwer,
<br />-„'Ij�� � • without churge, an annual accountin�of the Funds, showing credits and debits to the Funds and the purpose for which cach
<br /> �4'�'���=�° debit to thc Funds was made.Thc Funds:�re pleciged as additional securiry for ull sums secured by this Security Instrument.
<br />=r'�'�^�� :
<br /> ' [f the Funds hcld by Lendcr excced the amounts permitted to bc held by applicablc law, Lender shull account to Borrower
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<br /> .x`r•;'• for the excess Funds in uccardancc with the rcquircmcnts of applicablc law. !f the umount of thc Funds hcld by Lcnder at any
<br /> �"'�"r"'f � time is not sufficicnt to pay the Escrow Items when due, Lender may so notify Borrower in writing,and,in such case Borrower
<br />-2;,.,�„•.-��•:
<br />�F; •• •M shull pay to Lender the amount necessary to tnake up the defiricncy. Borrowcr shall make up the deficiency in no mure than
<br />-n.,,,,-�',�,;,`�w;���f"`� twelve monthl a mcnts,at L�:nder's wle discretion.
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<br /> Y=•,,:.;,;;;xx;�'; Upon payment in full of all sumti sccurcd by this Sccuriry [nstrument, I.Lndcr shull promptly refund to Barrower uny
<br />_�r`�y.°N==�n , Funds held by Lencler.If, under para�;raph 11, I.ender shall acquire or sell the Property,L.ender, prior to the acquisition or sale
<br />����;��T•• of the Pri� en shall a I an Funds hcld b l.ender at thc timc of ac uisitic�n or salc as a credit a ainst the sums secured b
<br />_ �a-�. P Y• PPY Y Y 9 fi Y
<br />=�°`h�'S'� this Securiry Instrument.
<br /> - - • 3.Applicatlon of Puyments,Unless applicable law provides Mherwisc,ull payments rcccivcd by Lcndcr undcr paragraplts
<br /> _-.'. I and 2 sh�►II be applied: first, to uny prepayment charges due undcr the Notc; sccond, to amounts payable under paragraph 2;
<br /> Y^i� .�f. y third,to intcrest duc: fourth, tu principal duc;and last, to any latc chargcs duc undcr thc Notc.
<br /> -�- • 4. Charges;Liens. Borrower shall pay all taxcs, a5sessments, chargcs, fines and impositions attributable to the Property
<br /> -.�.�'�-�''-'�'°� � which may attain priarity ovcr this Sccuriry instrumcnt, und Icuschold paymcnts or ground rettts, if any. Borrowcr shall pay
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<br /> �;��- these obligatic�ns in the manner providecl in puragraph 2,or if not paid in that manner, Borrowcr shall pay them on time directly
<br /> - - ' to thc pcnon owcd p.rymcnt. Borrower shall prompdy Turnish to Lcndcr ull noticcs of amounts to bc paid undcr this paragraph.
<br /> `_ �� if Borrowrr makes thrse p3yments directly,Bnrrower tihall pri�mptly furnish to L.ender receipts evidencing the payments. -
<br />- c Borrower shall promptly discharge any lien which h:ts pri<�rity over this Securiry Instrument unless Borrawer: (c►)agrecs in
<br /> " writing to the paymcnt of the obligation secured by the licn in u manner acceptublc ta Lender: (b)rontests in g��od faith the lien -
<br /> '� by, or defends againtit enforcement ot' the lien in, Iegul pmeeeJing� which in the Lender's npinion operate tc� prevent the
<br /> cntirrccnunt of' thc licn; or(c) �ccurrs from thc holdcr of thc licn an agrcrmcnt satisfuctory tu Lcndcr subordinating thc licn to -
<br /> • this Sccuriry Instrumrnt. (f Lrndcr dctcrminrs that any part of'thc Property is tiubjcrt to a licn which may attxin priority ovcr
<br /> this Scrurity lnsuunscnt. Lrndrr may givc Bcirruwcr a notirc identifying thc lirn. Borrciwrr`hall salitify thc licn or tukc onc or
<br /> morc ut thc actiuns�et ti�rth above within 10 days uf the giving uf nc�ticc.
<br /> � . Form 3026 9l90
<br /> y PJ00 2 O��
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