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<br /> TOG�THP,Ft W1Ti�all the improvements now or herexfter erected on the property, and u!I ea.+ements,appurtenunces, and
<br /> fixturcs now or hereafter a part of the property. A11 rt:plecements and additions Fhall alsa tx coveral by this Security
<br /> instrument.All of the foregoing is referrad ta in thiR Se�:urity Instrument as the"Property,"
<br /> BOREtOW�R COVBNANTS that Borcower is lawfully seised of thc estate hereby conveycd arxl has the right to grant and
<br /> cunvey the Property and that the Prapeny is unencumberal, except for encumbrances of reconi. &�rrower warrants and will
<br /> defend generally the title to the Property against ell elsims and dema�xls,subject to any encumbrunces of rccord.
<br /> THIS SECURITY INSTRUMETVT combines uniform covenunts for nationol use and nnn-unifarm covcnants witli Nmited
<br /> vuletfons by jurisdiction to consti�ute a unifarm securlty instrument cavering real property,
<br /> UNIFORM COVENANTS, Borrawer and Lender wvenant ancl agree as follows:
<br /> 1. Puy�nent of Princlpul and Interest; Prepayment and Lete Chprges. Borrowcr shall prumptly puy wl�en due the
<br /> principal of nnd interost on tye debt evidencod by the Note and any prepayment and late chargec due under the Note.
<br /> 2. FY�nde for Texee and Insurnna. Subjxt ta applicable Isw ar to a written waiver by lxndcr, &�rrower shall pay to
<br /> Lcnder on the day monthly payments are due under the Note,until the Notc is paid in full, a sum("Furxis")f�r: (s)yearly taxa
<br /> and assessments which may attain priority over this Security Instntment as a lien on the Pruperty;(b)yearly leasehold payments
<br /> or ground rents on the Property,if any; (c)yearly hazard or property insurance premiums; (d)yearly flcxxl insurnnce premiums,
<br /> if any; (e)yearly mortgage insurance premiums, if any;and{fj any sums payable by Borrawcr to l.ender, in uccordunce with
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums,These items er�callsd "L'scrow Iterne.'
<br /> Lender may, at eny timc, collect and hold Funds in an amount not to excad the maximum am�unt a lencler for a federally
<br /> rclated mortgage loan may require for Bottower's escrow accnunt unde►• the federsl Real Bstate Settlement Proccdures Act of
<br /> 1974 as an�ended from time to time, 12 U,S.C.Section 2601 et seq. ("RESP4"),unlass another Isw 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 exceod the lesser s�mount.
<br /> Lender may estimato tlie amount of Funds due on the basis of current data and reasanable estimates of experxlitures af futuro
<br /> Escrow Items or otherwise in accordance witii applicable law.
<br /> The Funds shall be held in an institution whoss deposits are insured by a faieral agency, instrument�lity, or cntity
<br /> (including Lender, if Lender is such an institutlon)or in any Federul Home Loan Hank.l.ender shall apply the Funds to�y the
<br /> Bscrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account.or
<br /> verify[ng the Escrow Items, unless I.ender pays Borrower interest on the Funds and applicable law permits L.ender to malce such
<br /> a charge. However, I.eader n�ay require Horrower to pay a one-time charge for an independent real estate tax reporting servia
<br /> usod by I.ender in connection with this loan, unless applicable tsw provides otherwisa Unless an agrament is made or
<br /> applicable law requiras interest to be paid,Lender shall nat be requirod to pay Borrower any intcrest or earnings on the Funds,
<br /> Aorrower and Lender may agrce in writing, however, that interest shall be paid on the Funds. I.ender shull givo to Borrower,
<br /> without charge, an annusl accounting of the Funds, showing credits ancl debits to the Funds and the purpose for which each
<br /> debit to the Funds was made.The Funds are pleAged as additional security for all sums secural by this Securily Inst�urr�nt.
<br /> Ii ihe Fwxis i�c1d uy Ler�ic�e��tt ih:,a���aur.t�p:.rnit;ed tc b�f:t!�ti;BFFIl��hlw IA�v, i p�irr�hnll acc�unt to Borrower
<br /> for the excess Funds in accordance with the requirements of applicable law. If the sxmount of the Funds held by L.ender at any
<br /> time is not sufficient to pay the Escrow Items when due,Lender may so notify Bon�wer in writing,end,ln such cese Borrower
<br /> shall pay to I.ender the amount necessary to make up the deficiency. Borrower shall make up the deflciency in no more then
<br /> twelve monthly payments,at[.ender's solo discretion.
<br /> Upon payment in full of all sums secured by this Security Instrument, L.ender shall promptly refund ta Borrower any
<br /> Funds held by L.encier.If,under paragraph 21,L,ender shall acyuire or sell the Property,Lender,prior to the ucquisition or sale
<br /> of the Property,shall upply any Funds held by Lender at the time of acquisition or sale as a craiit against the sums securod by
<br /> thia Securiry Instrument.
<br /> 3.Application of Pwyments. Unless appli�able law provides otherwise,all payments receivod by Lender under paragraphs
<br /> l and 2 shall be applied: first,to any prepayment charges due under thc Note; second,to amounts payable under paragraph 2;
<br /> third,to interest due;fourth,to principal due;nnd last, to any late chargcs due under the Note.
<br /> 4. Charges; Liens. Borrower shall pay ull tazcs, assesstnents, charges, fines and impositions attributablc to the Property
<br /> which may attain priority over this Security Instrument, nnd Ieasehold payments or grou►xi rents, if any. Borrower shaU pay
<br /> these obligations in thc manner provided in paragraph 2,or if not puid in that manner,Bonower shall pay them on time directly
<br /> to the person owed payment. Borrower shall promptly furnish to L.ender all notices of amounts to be paid under this paragraph.
<br /> if Borrower makes these payments directly,Bon•ower shall promptly turnish to L.ender receipts evidencing the payments,
<br /> Borrower shall promptly discharge nny (itn which has priority ovPr this Security Instrument unless Borrowcr: (a)agrees in
<br /> writing to the payment of the obligation sccured by the lien in a manner acceptable to Lender; (b)contests in good faith the lien
<br /> by, or defends agpinst enforcement of the lien in, legal proceedings which in che Lender's opinion opernte to prevent the
<br /> enforcemait of the lien; or(c)secures from the holder of the lieu an agreement satisfactory to Ltnder subordinating the lien to
<br /> this Security Instnunent. If Lcnder determines thut;►ny purt of the Property is subject to a lien which may attain priority ovcr
<br /> this Security Instru�nent, I.ender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or take one or
<br /> morc of the actions sct forth above within 10 days of the giving of notice.
<br /> Form 3028 9180
<br /> Pepe 4 of 8
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