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<br /> -- TOGETHBR WITH all the improvements now or hereafter erected on the pro�eciy,and zll casemcnts, appurtcnances, and
<br /> "`�`Y"i"� fixture� now �r hereaftet a p�n of the property. All repl�cements and additions shall also be covered by this Securiry
<br />��1��.->'���_� instrument, All of the foregoing is referred to in this Secudty Instrument a�thc'Propcny."
<br />__�LT��'�� BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby convcyed and has the right to grant and
<br /> --- �-°,�"� convey the Aroperty and that the Propeny is unencumbered, except for encumbrances of record. Borrower warrants and will
<br /> ���j.;�r,:� defend generally ihe tide ro the Propeny against a11 claims and demands. subjest to any encumbrances of record.
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<br /> -"�'"� TFiIS SECURITY INSTRUMENT combines unifonn covenants for national use and non-�miform covenants with limited
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<br /> "`"`s„=_— variations by jurisdicdon to constitute a uniform security instrument covering real property.
<br />--�.�Y� � UNIFORM COVENANTS, IIorrowcr arid Lender covenant and agree as iollows:
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<br /> — --= 1. Payment ot Principal and Interes3; Prepnyment and L�tc Chargcs. Borrower �hall promptly pay when duc thc
<br /> ,..,.���., prineipal of and interest on the debt evidenced by the Note and nny prepayment and late charges due under the Note.
<br /> ---- 2. k�nds tor Tazes and In�urance.Subject to applicable law or to a written waiver by Lcnder, Borr•ower shall pay to
<br /> -'=-`'� � Lender on the day monthly payments are due under the Note,until the Note is paid in fuU, a sum("Funds")for:(a)yeazly taxes
<br /> il:
<br />-���-;,:"�+�sa�. and assessments which may attain priority over this Security Instrumcnt as a lien an the Property;(b)yearly leasehold payments
<br /> �ah�`�ra��` or ground rents on the Propeny, if any;(c)yearly ha7ard or propercy insurance premiums; (d)yearly flood insurance premiunis,
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<br /> - �� if any;(c)ycarly moctgaga insurance premiun�s, if any; and(� any sums payable by Borrower ro L.ender, in accordance wit
<br /> �"'�'� the provisions of paragraph 8,in lieu of the payment of mortgage insurance premiums.These items are called'Escrow Items."
<br /> _ _ I.ender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> �°"'°���� related mortgage loan►nay require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br />______�� 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"),unless another law that applies to the Funds
<br /> �_ seGS a lesscr amount.If so, Lender may, ac any time, collect and hold Funds in an amount not to exceed xhe lesser amount.
<br /> =-;�.�� Lcndcr may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of futurc
<br /> e;�,��:,] Fserow Items or o[henvise in accardance with applicable lsw.
<br /> — � The Funds shall be held in an institution whose deposiis are iusured by a federat agency, inrtrumemality, ar entity
<br /> �;^��. � � (including Lender, if I.ender is such an institution) or in any Federal Home Loan Bank.I.ender shall apply the Funds to pay the
<br /> _:J�. Escrow Items. Lender may not charge Borrov.+er for holding and applying che Funds, annually analyzing the eurow account,or
<br /> _— -y��—° verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and epplicable law permits I.ender to make such
<br /> �� -��� a charge. However. Lender rnay require Borrower to pay a one-time charge for an independent real estate tax reponing service
<br /> ---= — used by Lender in conncetion with this loan, unlcss appllcable law provides otherwise. Unless an aqreement is madc or
<br /> �=,±r�� appliceble law requins interest to be paid,I.ender shall not be requircd to pay Bonower any interest or eamings on the Funds.
<br /> -`-- Bonower and I.�nder may agree in writing, howsver, that interest shall be paid on the Funds. Lender shall give eo Borrower,
<br /> -----=, without charge,an annual accounting of the Funds,showing credits and dabits to the Funds and[he purpose for which each
<br /> _.__V��� debit to the Funds was made.The Funds are pledged as additional security for all sums secured by[his Sea�rity Instn►ment.
<br /> it ihc Funds iaCiu uy L.er�ucr e�c,�.�t th;; asraun,s gc:r,�i:;�to�e he:A F:,`�'apgl:eabl^law�T p11�PT C}IaII accounc ro Borrower
<br /> �� "'�� for the excess Funds in accordance with the requirements of applicablc: law. If the amount of the Funds hcld by Lender at any
<br /> = time ie not sufficient to pay the Escrow Items when due,Lender may so notify Bonower in writing, and,in such case Borrower
<br /> shall pay to L.ender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than
<br /> tw�lve monthly payments,at l..ender's sole discretion.
<br /> Upon payment in full of all sums secured by chis Security Instrument, Lender shall promptly refund to Borrower any
<br /> Funds held by Lender. If,under pazagraph 21,Lender shall acquire or sell the Property,Lender,prior t�the acquisitiun or sale
<br /> of the Property,shall apply any Funds held by l.ender at the time of acquisition or sale as a credit against the surns secured by
<br /> this Security instmment.
<br /> 3. Applientlon ot Pwyrnents.Unless applicable law provides utherwise. all payments received by Lender under paragraphs
<br /> 1 and 2 shall be applicd:first,to ar►y prepayment charges duc undcr the Note;second,to amounts payable under paragraph 2;
<br /> third,to interest duc;fourth,to principal du�;and last, to any late charges due under the Note.
<br /> _ 4. Char���a�+!:�Barower shall pay all taxes, assessments,charges,flnes and impositions attributable to the Property
<br /> - -- which may attaln prionty over this Securiry [nstrumcnt, and leasehold payrtxnts or ground rents, if any. Borrower shall pay
<br /> --°------° these obligations in the manner provided in paragraph 2,or if not paid in Ihat manner. Borrower shall pay themon time dlrectly
<br /> ° to thc persou owed payment.Borrower shall promptly furnish to Lender all notices of amounts to bc paid under thls paragraph.
<br /> � If Borcower makes these payments directly,Battower shall promptly fumish to Lender rxeipcs evidencing the p�yments.
<br /> -�-_= ___�; Bonower shall promptly discharge any lien which has priority over this Securiry Instrunient unless Borrawer:(a) agrees in
<br /> � writing to the paymenc of the obligation secural by the lien in a manner acceptable to Lender; (b)contests in good faith the lien
<br /> ----�-� by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br /> ��__= enForcement of ihe Ilen;or(c)secures from the holder of tha liem an agreement satisfactory to Lender subordinating che lien to
<br /> �� this Security Instrument. if Lender determines that az►y part of the Propeny is subJect to a lien which may anain priotity over
<br />-'-��''`` this Securiry Instrument, Lender may givc F3orrower a notia identifying the lien.Borrower shali sadsfy the lien or take one or
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<br />-_.�__�.��.4 , tnore of the actions set forth above within 10 days of thc giving of notice.
<br /> ,.i':'!';; , Form 3U28 9190
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