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<br /> 98� �1�348
<br /> TOCiETHBR WITN all the Improvements naw or hercafter erected on the property,ancl ull cusements, appunenances,and
<br /> fixtures now or hereafter a part of the property. All replacement� and additions shull al� bc coveral by this Sec:urity
<br /> Instrurtxnt. All of the furegoing is rafcrral to in this Security instnmm�t us the"Neoperty."
<br /> BORROWER CvVENANTS thet Horrower is la��fully sci�d of thc cstatc hcrcby convcycd und hns thc rlght to grant aixl
<br /> convep the Property und that the Property is unencumberai, exeept for encumbrunces of record. Bormwer N�urrnnts und will
<br /> defend generully the tide ro the Pmperly ugainst all clnims and demarxls,subject ta uny encumbrances of recard.
<br /> THIS SECURITY 1NSTRUMFNT combiney uniform covenants for nutional use and non•unif��nn covcnunts with limitecl
<br /> variations by jurisdiction ta constitute w unifonn security instrument cavering real property.
<br /> [JNIFORM COVL�NANTS.Horrower und L.ender covenant arxl egrec es fAllaws;
<br /> l. Ppymrnt oP EMncipnl ued Intercst; I'repwyment and l.�te CFwrg�.w. Borrawer�shull prumplly puy when due the -
<br /> principal of and interest on thc dcbt evidencal by the Notc and any prepayment and late chnrges due uixicr thc Notc.
<br /> 2. Ftinds far Taxes and Insur�nce. Subject to applicable law or to a written waiver by Lcndcr, 9orrower sliull pay tu
<br /> Lender on the day monthly payments are due urxlcr the Note,uatil the Note is paid in full, a sum("Funcls")for: (u)ycurly taxes
<br /> and assessr►�enls which may attain priority over this Security Instrument as a lien on the Pr�perty; (b)yeariy Icasehold puynxnts
<br /> ar ground ronts on Ihe Property,if any;(c)yearly hazard or property insurance premiums;(d)yearly flocxi insurancc premiums,
<br /> if any; (e)yearly mongage insurancc prcmiums, if any; and(fl any sums payable by Borrower to Leixler, in uccordance with
<br /> the provisions of paragraph S, in licu of the payment of mortgage insurance prcmiums.Thesc items arc cullod "F.scrow Items."
<br /> I.ender may, et any time, collsct and hold Funds in an amount not to excesd the maximum amount a Icnder for a fedorally
<br /> relatod moRgage loan may require for Borrower's escrow account under the federal Roal Estate Settlement Arocalures Act of
<br /> 1974 as nmended from time to time, l2 U.S.C. Section 2601 Pt sey. ("R�SPA"), unless another law that applies to the Funds
<br /> sets a lesser amount, If so, Lcnder may, at any time, callect and hold Fund�in an amount not to exceeci the lesser amount.
<br /> Lender may estimate thc amount of Funds due on the basis of cunent data and reasonable estimates of expenditures of future
<br /> Escrow Items or otherwise in accordence with applicable law.
<br /> Tha Funds shall be held in an institution whose depo�its are insurai by a federal agency, instrumentality, or entity
<br /> (including Lender,if Lender is such an institution)or in uny Federal Home Loan Bunk. Lender shall upply the Funds to pay the
<br /> Bscrow Items,l.endcr may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account,or
<br /> verifying the Fscrow Items, unless Lendcr pays Borrowex interest on the Funds and upplicable law pr.rmits I.ender to make such
<br /> a charge. However,L.ender may require Borrower to pay a orte-time charge for an independent real e�tete tax reporting servica
<br /> usod by l,endcr ln connection with this loan, unless applica6le law provides otherwise, Unless an agreement is made or
<br /> applicable law rr.yuires interest to be paid, L.ender shall not be requirad to pay Borrowcr any interest or earnings on the Funds.
<br /> Borrower and I.ender may agree in writing, however, that interest shall be paid on the Funds. L.ender shall give to Borrower,
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose far which each
<br /> debit to the Funds was made.The Funds are pledged as additional security for nll sums secured by this Security Instrument.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall uccount to Borrower
<br /> for the excess Funds in eccordance with the requirements of applicable law. If the amount of the Funds held by Lender at any
<br /> time is not sufficient to pay the Escrow Items when due,I.ender may so notify Borrower in writing,and, in such case Borrower
<br /> shaU pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more tlian
<br /> twclve monthly payments,at Lender's sole discretion.
<br /> Upc�n payment in full of all sums sccured by this Security Instrument, i,ender shall promptly refund to Borrower any
<br /> Funds held by Lei�der. Tf,under paragraph 21, Lender shall acquire or sell the Property,Lender,prior to the acquisition or sale
<br /> of the Property, shall apply eny Funds held by Lender at the time of acquisition r,r sale as a credit against the sums secured by
<br /> this Security Instrument.
<br /> 3.Appllation oC Payments. Unless applicable law pravides otherwise, all payments rcr,eivcci by I.ender under paragraphs
<br /> 1 and 2 shall bc appliecl;first, to any prepayment charges due under the Note; second, to amounts payable under paragraph 2;
<br /> third,to inRerest due; fourth,to principal due:and last, to any late charges due under the Note.
<br /> 4.Chat�es; Liens.Borrower shall pay all taxes, ussessments, charges, fines and impositions attributable to the Property
<br /> which may anain priority over this Security Instrument, and leasehold payments or ground rents, if nny, Borrower shall pay
<br /> these obligations in the manner provided in paragraph 2,or if not paid in that manncr, Borrower shall pay them on time directly
<br /> to the person owed payment.Borrowcr shall promptly furnish to L.ender all notices of amounts to be paid under this paragraph.
<br /> If Bc�rrower n�akes�hese payments directly,Borrower shaU promptly furnish to Lcnder reccipts cvidencing the paymcnts.
<br /> Borrowei shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrees in
<br /> writing to the payment of tt�e obligation secured by the lien in a manner acceptable to L.ender; (b)contests in good faith the lic�n
<br /> by, or defends against enforcement of the lien in, legnl proceedings which in the L,ender's opinion operate to prevent the
<br /> enforcement of the lien;or(c) secures from thc lioldcr of the licn'an agreement satisfactory to Lender subordinating the licn to
<br /> this Security Instrument. If Lender dctermines that any part of the Prupc��ty is subject ro a lien which may uttain priority over
<br /> this Security Instrument,Lcnder may give Borrowcr u notice idcntifying the licn.Borrower shall satisfy thc licn or takc onc or
<br /> more of the actions set forth above within !0 days of the giving of notice.
<br /> Form 3028 9190
<br /> Pafle 2 of 9
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