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<br /> _ 98- �i 1z�ss
<br /> T(Xi8'1'I��R WlTH all the Impr�vements now or hereafter ereeted on the pr�perty,and all eacemeitts, appurtenances,ar.d
<br /> flxturea now or hareaftor a part of the propany. All replacements and additions shall also be covored by thts Security
<br /> Instn�ment.All of the foregoing is referced to in this Security In�trument as the'Property."
<br /> BORROWElt COVBNANTS that Borrawer is lawfully seised of the estate hereby wnveyed and hes the right ta grant and
<br /> convey the Property and that the Property i�unencumbered, except for encumbrances of record. Bonower warrants and will
<br /> defend�enerally the title to the Property egainst all alalme and demands,aubject to any encumbrances of record.
<br /> TH15 SECUI�ITY INSTRUMBNT combtnes unlform covenants for national use and non•uniform cavenants with➢imited
<br />' variatlons by judsdictlon to constitute a uniform aecurlty inatrument covering real propeny.
<br /> UNIFORM COVBNANTS. Borrower und Lender covenant and agtee as followe: '
<br /> 1. Payment ot Princlpwl pnd Intereat; I'rep�yment and Late Charges. Borrower shall promptly pay when duo thc
<br /> princlpa!of and intenst on the debt evidenced by the Note and any prepayment and late charges due under tho Noca
<br /> 2. Fbads toc TAxea pnd Insuranca. SubJect to appl(cuble law or to a written waiver by I.ender, Eiorruwer shall pay to
<br /> Lender on the day monthly payments arc due under the Note,until tha Note is paid ln full,a sum("Funds")for:(a)yearly ta�ces
<br /> and asaesamenW which may attaln priority over this Securiry Instrument es a lien on the Property; (b)Yearly leasehold payments
<br /> or ground rents on the Proporty,if any;(c)yearly haTUd or propeny insurance premiuna;(d)yearly tlood insurance pnmiums,
<br /> if any; (e)yeazly mortgage insurance premiums. if any; and (� any sums payablc by Borrower to L,ender, in accordance with
<br /> the provielona of paragraph 8.ln lieu of the payment of mortgage insurance premiums.These item�are called "Escrow Items."
<br /> I.tnder may. at any dme, collxt and hold Funds in an amount not to eaceed the max(mum emount a lander for a federally
<br /> relatod mortgaqe loan may requin for Borrower's escrow ttccount under the federal Real Fstate Settlement Procedures Act of
<br /> 1974 as arnended from time to time, 12 U.S.C. Section 2601 et seq. ('RESPA'), unless anothcr law thet applies to the Funds
<br /> sets a lesser amount. If so, I.ender may, at any time, wllxt and hold Funds in an amount not to exce�d the lesser amount.
<br /> Lender may esdtnate the amount of Funds due on the basis of cunent data and reasonable ostimates of expenditures of Poture
<br /> P.scrow Items or othcrwise in accordance wlth applicable law.
<br /> The Funds sh�ll be held in an institution whosc deposits ue insured by a federai agcncy, instrumentallty. or entity
<br /> (including Lender, if i.ender is such an institution)or in any Federal Home Loan Bank.Lender shall apply thc Funds to pay the
<br /> Eacrow Items. Lender may not charge Bocrower for holding and applying the Funds,annually analyzing the escrow account, or
<br /> verifying the L�scrow Items,unless Lender pays Iiorrower interest on the Funds and appltcable law pernilts Lender to malce such
<br /> a charge.However. Lender may require Borrower to pay a one-time charge for an independent real estate taz reporting service
<br /> used by Lender in connxtion with this loan, unlesa applicable law pmvides otherwise. Unless an agrcement is made or
<br /> applicable law requires intc[cst to be paid, I.ender shall not be requiral to pay Borrower any interest or earnings on the Funds.
<br /> Borrowec and Lender may agree in writing,howevex,that intcrest shall be paid on the Funds.L.ender shall give to Borrower,
<br /> wlthout charge, an annual accounting of the Funds, showing eredits and deblts to the runas and die purpose ior which each
<br /> debit to the Funds was made. Tho Funds are pledgai aa additional security for all sums secured by this Securiry Instrument.
<br /> If the Funds held'oy Lender excad the amounts permitted to be held by applicable law.I.ender shall account to Borrower
<br /> for the exass Funds in accordance with the requirements of applicable law. If the nmount of the Funds held by Lender at any
<br /> time i�not suffieient to pay the Escrow Itecns whea due,Lender may so notify Borrower(n writing,and,in such case Borrower
<br /> shall pay to L.ender the amount necessary to make up the daficiency. Barrower shall make up the deficlency in no mon than
<br /> twelve monthly paymrnts,�t I,ender's sole discretion.
<br /> Upon payment in full of all sums securod by this 5ecurity Insccument, Lender shall promptly refund to Bormwer any
<br /> Funds held by Lender.If,under paragraph 21,Lender shall acquire or sell the Property,Lender, prior to the acquiaition or sale
<br /> of the Property,shall apply any Funds hetd by Lender at the ttme of acquisition or sale as a credit against the sums secured by
<br /> this Securiry Instcument.
<br /> 3.AppUcallon of PAymeats.Unless applicable law provides othenvise,all payments receivcd by Lender under paragraphs
<br /> 1 and 2 shall be applial: fint,to any prepayment charges due undcr the Note;sccond,to amounts payable under pazagraph 2;
<br /> third,to interest due;fourtt►, to principal due;and last,to any late charges due under the Note.
<br /> 4. Charges; Lieaa. Borrower shall pay all taxes,assessments, chazges, fines and impositions attributable to the Propeny
<br /> which may attain priority ovr,r this Security Instrument, and leasehold payments or ground rents,if any. Borrower shall pay
<br /> these obligations in the manner pmvided in pazagraph 2,or if not paid in that manner. Borrower shall pay them on time dicectly
<br /> ro the person owed payment. Bormwer shall promptly fumish to Lender all notices of amounts to be paid under this pazagraph.
<br /> If Borrower maices these payments directly.Borrower shall pmmptly fumish to Lender receipts evidencing the paymenta.
<br /> Borrower shall promptly discharge any lien which has priority uver this Securiry Instrument unless Borrower:(a)ag[tes in
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to I.ender;(b)contest�in good faith the lien
<br />= by, or defends against enforarnent of the lien in. icgal procadings which in the Lender's opinion operate to pnveat the
<br /> enforcement of the lien; or(c)secures from the holder of the lien an agrecment satisfactory to L.ender subordinating the liea to
<br /> this Security Instrumeut. If Lender determines that any part of the Properiy is subja;t to a lien which may attain priority over
<br />- this Se.curity Instniment, I.ender n�ay give Borrower a notice identifying tl�e lien. Borrower shall satisfy the lien or take one or
<br /> more af the actions set forth above witliin 10 days of the giving of notice.
<br /> _ Form 3028 90
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