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<br /> � 98- s�.�es
<br /> TOGETHBR WITH all the improvements naw on c�rcaflcr crectcd on the property, and all casem�:nts,appurtcnanccs, and
<br /> fixtures now or hereafter a part of the property, All rcplacements and additions shall also be covered by this Security
<br /> instrument. All af thc foregoing is referrcd to in tt►is Security Instrumcnt as the "Pro{�erty."
<br /> BORROWER COV[?NANTS that Barcower is lawfully seised of the estate licreby convcyed and has the right io grant und
<br /> convey the Property and that the Property is unencumbered, exeept f�r encumbrances of record. Burrower warrants and will
<br /> defend generally Ihe title to thc Propeny against atl claims anci demands,subject to aay encumbrances of record,
<br /> TH1S SECURITY INSTRUMENT combincs uniform covcnants for national usc and non-uniform covenants with limitcd
<br /> variations by jurisdiction to consdtutc a uni(orm sccurity instrumera covcring rcal pro�Crry.
<br /> UNIFOItM COVENANTS.Borrower and L.cnder covcnant and agrec as follows:
<br /> 1. k'nyment nf Frincipel end Inter�t; Prepaymcnt and I.Ate ChorRc.v. Borrowcr shall promp�ly pay whcn duc thc
<br /> principal of and interest on th�dcht evldenced by the Note and any prepayment and late charges duc undcr thc Note.
<br /> 2. F�ndv for 1'ax�s wnd In`urAnce,SubJect to applicable law or to a written waiver 6y L.ender, Borrower shall pay to
<br /> L.ender on the day monthly payments are duc undcr thc Note, until the Note is paid in full, a sum("Funds')for: (a)ycarly taxcs
<br /> and assessments which may attain priority over this Sccurity Instrwnent as a lien on the Propeny; (b)yearly Icasehold payments
<br /> or grouad rents an the Aropeny, if any; (c)yearly ha�ard or property insuranc:e premiums; (d)yearly flood insurance premiums,
<br /> if any; (e)ycarly mortgage insurance premiums, if any; and (� any sums payable by Borrawer to Lender, in accordance with
<br /> the provisions of paragraph S, in Iieu of the payment of mortgage insurance premiums. These items are called "Escrow Itcros,"
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> rclatul mortgagc loan tnay rcquire far Borrowcr's escrow account under the federal Real Estatc Settlement Procedures Act of
<br /> 197A ns amended from time to time, 12 U.S.C. Seccion 2601 el seg. ("RESPA"), unlcss another law that applies to the Funds
<br /> sets a lesser amount. If so, Lender may,at any time, collect and hold Funds in an amount not to exceed the lesser amount.
<br /> Lender may cstimate thc amount of Funds due on the basis of current data and reasonable estimates of expenditures of futurc
<br /> Escrow Items or othcnvisc in accordanca uith applicable law.
<br /> The Funds shall be held in an institution �Hhose deposits are insured by a fcderal agency, instrumentality, or entity
<br /> (including Lender, if Lender is such an insiitution)or in zny Federal Home Loan Bank. Lender shall apply the Funds to pay the
<br /> Escrow Items.Lender may not chargo Borrower for hnlding and applying the Funds, annually analyzing the escrow account,or
<br /> verifying the�scrow Items, unless L.ender pays Borrower interest on the Funds and applicablc law permits Lcnder to make such
<br /> a charge. However, Lendcr may require Borrower to pay a one-cime charge for a��independent real escatc tax reporting service
<br /> used by L.ender in connection with this loan, unless applicable law provides otherwise. Unless an agreement ls made or
<br /> applicabla law requires interest to be paid,Lender shall not bc required to pay Borrower any interest or eamings on the Funds.
<br /> 8orrower and Lender may agree in writing, l�owever, that interest shall be paid on thc Funds. Lender shall give to Borrower,
<br /> without Gharge, an annual accaunting of ihe Funds, showing credits and debits to [he Funds and the purpase for which each
<br /> debit to the Funds was made.The Funds are pledged as additional securi[y for all sums secur�d by this Security Instrument.
<br /> If:he Far.ds hel�6;r.�r��.�,r�r��i ihr am�unts permitted to be held by aaalicable law. Lender shall account to Borcower
<br /> for thc exccss Funds in accordance with the requirements of applicable law. If the amount af the Funds held by l.ender at any
<br /> time is not sufficient to pay the Escrow[tems when due, I.cnder may so notify Bonower in writing,and,in such case Fbrrower
<br /> shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than
<br /> twelve monthly payments,at I.ender's sole discre[ion,
<br /> Upon payment in full of all sums secured by this Security instrument, l.endcr shall promptly refund to Borrow�er any
<br /> Funds held by Lender. If,under paragraph 21,I.ender shall acquire or sell t}ie Propeny, Lender,priar to the acquisition or sale
<br /> of the Property, shall apply any Funds held by[.ender at the time of acquisition or sale as a cndit against the sums sxured by
<br /> this Sa:urity lnstrument.
<br /> 3. Applicntion of Payments. Unless applicable law provides otherwise, all payments received by Lender under paragraphs
<br /> 1 and 2 shall be appiied: first, to any prepayment charges due under the Note; second, to amaunts payable under paragraph 2;
<br /> third,to interest due;fourth,to principal due;and last, to any late charges due under the Note.
<br /> 4. Char6es;�,i1�ee:Bo�pwer shall pay all taaes, assessments,chuges, fines and impositions attributable to the Property
<br /> which may attain priority ovcr fhis Security Instrument, az�d leasehold payments or ground rents, if any. Bonower shall pay
<br /> these obligations in the manner provided in paragraph 2,or if not paid in that manner,Bonower shall pay thom on time directly
<br /> to the person owed payment. Borcower shall promptly furnish to I.ender all notices of amounts to be paid under this paragraph.
<br /> If Borrower makes these payments dirxtly,I3orcower shall prumptly furnish to Lendcr receipts evidencing the payments.
<br /> Borrower shall promptly discharge any licn which has priority over this Security Instrum�nt unless 8orrower: (a)agrces in
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in good faith the lien
<br /> by, or defends against enforcement of �he lien in, legal prceeedings which in the I.endcr's opinion operate to prevent the
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the licn to
<br /> this Security Instrument. If Lender dctermines that any part of the Propeny is subject to a lien which may attain priority over
<br /> this Security Instrument, L.ender may give Borrower a notice identifying the lien. Botrowcr shall satisfy the lien or�ake one or
<br /> mon of the actions set fortl�above within l0 days of the giving of notice,
<br /> Form 3028 9I90
<br /> �:6RINE)�s��zi.oz Pape2 0l6 i,,,�,,,�: _
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