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<br /> '`"�?�! TQG6THER WITH all the improvcments now or hereafter�rected on ihc propeny, and all easemems, appurtcnances,and
<br /> '���'"'� fixtures now or hereafter a part of the property. All replacements and a�dl�ions shall also be corred by this Security
<br /> "'�,� ", Instrumcnt.All of tlu for�going is referrod to in this Security lnstrument as�he ''Property."
<br />-���'`��'��•'-`•• BORROWEK COVENANTS that Bonower is lawfully uised of the csiate hereby conveyecl and t�vthe right to grant and
<br />: � • convey the Property and that the Propeny is unencumbered,excep[ for encumbrances of record. Borrower warrants and will
<br /> • ' defend genorally the title to the Property against all claims and demands,subJect to any encumbrances of rtcord.
<br /> ,.�i..¢„_y4: THIS SECURITY INSTRUMBNT combinos unifarm covenants tor national usc and non-uniform covenants with limited
<br /> '� • variations by jurisdictian to constitute a uniform security instrument covering real property.
<br /> � UNIFORM COVBNANTS, Bonowcr and Ltndcr covcnant and agrcc as follows: •
<br />''v '��.� 1. Payment ot Principol and Interat; Prepayment and Late C��o�ges, Borrower shall prompdy pay when due the
<br />_� principal of and interest on the debt evidenced by thc Note and any prepayrnent and late charges due under the Note.
<br /> _ 2. Funds tor Taxa And Insumnca Subja:t to applicable iaw or ta a wriiten waiver by Lender.Borrower shall pay to
<br /> ' Lender on the day nanthly payments are due under the Note,until the Note is paid in fi�ll,a sum("Funds') for: (a)yearly taxes
<br /> . i'}. � and usessments which may attain priority over this Security Instrumenc as a lien on the P;opercy; (b)yearly leasehold payments
<br /> .�•.
<br /> ;� �.:,-. or ground rents on the I'ropeny,if any;(c)yeazly hazard or propeny insurance premiums;(d)yeazly flood insurance premiums,
<br /> �'`�-��=��-�.,. if any; (e)yearly mortgage insurance premiums, if any;and(� any sums payable by Bonower to l.enckr, in accordence with
<br /> l�''�''.'�''° the pmvisions of paragraph 8, in lieu qf the payment of mortgage insurancepremiums. These items are called "Escrow [tems."
<br />_vt�;�� �nder may, at any time, collect and hold Funds in an amount not to excted ihe maximum amount a lender for a federally
<br /> "�:�t^� related mortgage loan may requii�e for Borrower's escrow account under the federal Real Estate Settlerrknt Procedures Act of
<br />•�"""�--`�` 1974�s aznended from time to dme, 12 U.S.C. Section 2601 et scq. ('RESPA"), unless another law that applies to the Funds
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<br />-=�"w�^' sets a lesser amount. If so, Lendcr may, at any time, collect and hold Funds in an amount not to excad the lesser amount.
<br /> :�._�. .
<br />,.i:�.�;��.. Len� •r may � •timace�.�c a�nount c °Funds due on the basis of curren[data and reasonable est[mates of eapenditures of futurc
<br /> -�;r�,+�e��'�. Escrow Items or otherwise in accordance with applicablG law.
<br /> �'�r,�e� The Funds shall be hcld in an institution whose deposits are insured by a federal agency, instmrnentality, or entity
<br /> .:,s�,;,c�+c-':~ (including Lendcr, if L.ender is such an institution)or in any Federal Home Loan Bank. L.cnder shall apply tt�e Funds to pay the
<br /> ':�:'`.";� Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing iho escrow account, or
<br /> ��=���"- verifying the Escrow items,unless Lender pays Borrower interest on the Funds and applicable law permi�s L.ender to�nakc such
<br />=..��,��y� a charge. However,i.ender may require Bonower to pay a one-time charge for an independent real estat�tax reporting service
<br /> —��- used by D..ender in co�ecdon with this loan, unless applicable law prvvides othenvisa Unless An egreement is made or
<br /> _�:�r,tt•,. . appllcable law requins interest to be paid, Lender shall not be required to pay I3orrower any interest or�amings on the Funds.
<br />"`''�'�� � Bonower and Lender may agra in wdting,however, thac interest shall be paid on the Funds. Lender sha11 give to Borrower,
<br />��,k;�.�::'
<br /> -•��_�� withnut charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> _ �: .�.,
<br /> --�-�:��y� debit to ihe Funds was made.Tna Funds arc pledged as addi�ional socuriiy for aIi sums sceucr.cl by inis Sauriiy Iii9iruuiciii.
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<br />-.�.��v��r:,� If the Funds held by Lender eacad the amounts permitted to be held by applicable law, I.ender shall ar,count to Bonower
<br /> _�_=?�i�fi� for the excess Funds in accordanae with the requirenients of applicable law.If the amount of the Funds hetd by Lender at any
<br /> -__--__ time is not sufficient to pay the Escrow Items when due,[.cnder may so notify Bon•ower in writing,and,in such case Bonower
<br /> :��� shall pay to Lender the amount necessary to make up the deficlency. Borrower shall make up the deficiency in no more than
<br /> --.-'`_���! twelve monthly payments,at I.endcr's sole discretion.
<br />---"r;'-`�=� Upon paymant in full of all sums secured by this Security Instrument, Lender shall promptly refund ta Borrower any
<br /> — °- --" Funds held by Lender. 1f,under paragraph 21, Lender shall acquire or sel! ihe Property, Lender, prior to ihe acquisition or sale
<br /> --'=��^"'='� of the Property,shall apply any Funds held by L.ender at the time of acquisition or sale as a credit againu the sums secured by
<br /> --�'____ this Security Instrument.
<br /> _ 3.Applicatton of Pvyments. Unless applicable law provides othenvise,al l payments received by L.ender under paragtaphs
<br /> 1 and 2 shall be applied:first, to any pnpayment chazges due under the Noie; saond, to amounts payable undcr paragraph 2;
<br /> --=_.=.-= third,to interest due;fourth,to principal due;and last,to any late chazges due under the NeYe.
<br /> �""_�� 4.Cl�arges; Liens.Bonower shall pay all taxes, assessments,charges,fines and impositions attributablc to the Propaty
<br /> �-_-- which may attain priority over this Security Instrument, and leasehold payments or gruund rents, if any. Borrower shall pay
<br /> these obligations in the manncr provided in paragraph 2,or if not paid in ttiat nanner,Borrower shali pay them on timc directly
<br />"���l-T=�� ro the person owed paymrnt. Borrower shall promptly furnish to Lender all notices of amounts to be paid undor this pazagraph.
<br />,�� If Burrower makes these payments directly, Borrower shall promptly fumish ro I.ender receipts evidencing the payments.
<br /> '::�.��� Borrower shall promptly dischazge any lien which has prioriry over ttzis Security Instrument unless Borrower (a)agrees in
<br /> -:...�� writing to the payment of the obligation secured by the lien in a manner acceptable to i.ender;(b)contests in good faith the lien
<br /> by, or defends against enforcement of the lie� in, legal proceedings wtYich in the Lender's opinion operate to prevent the
<br /> -�"�-"T� enforcement of the lien;or(c)secures from the holder of the lien azi agreement satisfactory to L,ender subordinating the lien to
<br /> r•:�--�°���5�- this Securiry Instrument. [f Lender detennines tha[ any part of the Properey is subject ta a lien which rn�y attain prioriry over
<br /> `�'�".r� "�'.' this Security Instrument,L,ender may give Borrower a notice identifying the lien,Bonower shall satisfy the lien or take one or
<br /> . . rnore of the actions set forth above within 10 days of the giving of notice.
<br /> � Fam 3028
<br /> . �•6RINE)ts2u�.oi r�q z ot e IN�IN�
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