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<br /> "'�53'iii�7 TO(iETH�R WI'TH ap the improvementa now or hereaR?r erectecl on the propCrty, and all e.�saments,
<br /> �u���x'�� appurtennnces,nnd fixture.9 now or hereAfter a Isart of the propertY. AU replacements snd aJdmons shnll a�l�n ha cover�l
<br /> -' by this Security Instcumait. All of tha fongoin�ts roferred to in this Sxurity Instmment xs the"Properry."
<br /> ;:,.3?�'$� BoxxowFR CovuNnNn that Horrower�s lawfully seised of tho estate liereby conveyecl iind hns the right to grnnt .ind
<br />___�..����,;� wnvey tho Property and that tho P'roperty ie unenewuUerecl, except for encumbrances of record. Dorro�ver warrants :mJ ..
<br /> --°° will defend generally the titlo to the Prope�ty agRinst dl claitna Rnd demands,subject to sny encumhrances of record.
<br />-- " 'T�ns SF.cuwn INS'neuMSrrr combines uniform coven�nts for aational use snd non-uniform covenants with limite�
<br /> vnri�tions by jurisdiction to constitute r unifarm security instrument covering real property.
<br /> °�i1°� Ur�re�xM Caverr�trrs.Borrower rnd Lender covenwnt and agree ss follows: • � 'f �
<br /> - l.. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall proinptly pay when due
<br /> "•="+�"-�� the principal of and interost on tha debt evidenced by the Note and xny prepayment anJ Inte charges due under the Not�.
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<br /> -_: ,� 2.F�nds for Ts►xes und Ituurance.Subject to applicable Isw or to a written wniver hy L.Cnder, Borrower shxll pay
<br /> ----��— to Lender on the day monthly payments Are due under the Note, until the Note is paid in tidl, u sum("Funds')for. (a)
<br />- .�;�� yearly t�aes und assessments which mAy attain priority over this Security Instrument ns a lien on the P�•operty; (b) y�s+rly
<br /> ',,�� leasehold payroents or ground rents on tha Property, if any; (c)yeady haTard or property insurance premiums; (d) yearly
<br /> — floocl insurrnce premiums, if any; (e)yearly mortgage insurance pnmrums, if any; and(� uny sums payable by�orrower
<br /> -- to Lender, in occordance with the provistona of perngrnph 8, in lieu of the payment of mortg�ge msurance premiums.
<br /> � These items An called "F.scmw Itecne." I.euder may, at any time, collect and hold Funds in an amount not to exceed thz
<br /> -- muimum amount a lendar for a federally rel�ted mortgage loan roay ra{uire for Borrower's escrow Rccount under the
<br /> _== federal Real Estate Settlement Procedums Act of 1974 as emended from time to time, 12 U.S.C. § 2G01 c•t seq.
<br /> - � ('RfiSPA"), unless another law that applies to the Funds sets a l�sser amount. If so, L.ender mny, at any time, collect and
<br /> hold Fuads in an amount aot ta excced the lesser amount. Lender m�y estimate tha amount of Funds due on the basis oF
<br />.-��� current data and reasonable estimatrs of axpenditures of futura Esetow Items or othenvise in accorJance with applicabla
<br /> law.
<br /> T6e Fuads sh�ll be held ia an institution whose deposits aro insured by a federal ugency, instrumentslity,or entity
<br /> (includina L.ender, if Lender ia isuch w institution)or ia any Fedenl Home LoAn Bank. Lender shall apply the Funds to
<br /> pay the Eecrow Itatne. Le�nder nnay not charge Bomower for holding and applying the Funds, AIIIIUAIIy analywng the
<br /> escrow�ccount, or verifying the Escrow Items, unless Lender p�ye Borrower tnterest on the Funds snd applicable law
<br /> �xrmit.s Lender to cnxke such R c�rga However, Lender may require Bonowar to pay a one-timC chsrge for en
<br /> independent ral estate t�x nporting servica usad by Leudar in coonection with this loan. unless applicable law provides
<br /> _ otherwise.Unless an Agroament�s m�do or applicabla law roquires interest to be�aid, Lender shall not be requireJ to pay
<br /> —' Borrower�ny intereat or e�minga on�he Funds. Borcower uiuid Lender may agree in writing,haw�ver, that interest shall be
<br /> ____— prid on the Fuads.Lender shall give to Borrower,without charge,u►annual accounting of the Funds,showing crulits anJ
<br /> debits to the Funds wnd the purpose for which each debit ro ti►e runds wrs mxde. T'nn Funuy arC p1e;i�� as ad3itiara!
<br /> _— security for all r,ums secuted by this Security Instrument.
<br /> -- If the Punds held by Leader eaceed thn amounts perautted to ba held by applicable law, L.ender shall account to
<br /> Bonower for the eacesa Funds in accord�nce with the reyutrements of spplicable Isw. 1f the amount of the Funds held by
<br /> — Lender�t�ny timo is not sufficient to pay the Esctow Items when due,Lender may so notify Be�rruw�r in writing,and,in
<br /> such case Borrower shsll p�y to Lender the smount necessary to mAke up the deficiency. Burrow�r shxll make up the
<br /> --- doficiency in no moro than twelve moathly payments, at Lender's sole discretion.
<br /> Upoa payment in full of all sums secured by thiy Security Instrument, Lendzr shnll promptly refund to Borr�wer
<br /> any Funds held by Lender. If, undar paragraph 21, Lender sh�ll scquire or sell the Property, L.ender, prior to the
<br /> Kcqwsitioa or sule of the ProQerty,shall spply ar�y Funds held by Lender at the time of�cqiusition or sule as a creclit
<br /> � agxinst tha sums secured by th�s Sxurity Instrument.
<br /> 3. Applicxtion of Payments. Ualess applicable law pr�vides othenvise, alt paymen�s rrceivect by Lender under
<br /> p�ngraphe 1 �nd 2 sh�ll bo applied:firct, to say preppyment chuges due under the Note; seconJ, to xmounts payable
<br /> under ptn tYph 2;third,to interost due;fourth, to princ�pel due; Aad last, to any Iste charges due under the Note.
<br /> 4. �horges;Lima. Borrower shill pay all taxes, assesFments, ch�rges, fines�nd impnsitions rttributAble tu the
<br /> Pmperty w}uch tn�y attain priority over this Socurity Instntmeat, �nd leasehold payments ar ground rents, if any.
<br /> Borcower shall pay the�so oblig�tione m the u�anner prov�ded in pangraph 2,or if�ot�Aid in that manner,Borrower shall
<br /> pay them on time directly W the person owed pAyment. Borrower shnll promptly fum�dh to Lender oll noticcs of amouNs
<br /> to be pud under thie puagraph. If Bonower mAkes these paymeate diroctly, Bonower shall promptly fttrnish to I.ender
<br /> _-1e�� receipte e�idencing the payments.
<br /> --..-- Borrower shall promptly discharge any lien which has priority over this Securiry Instrument unless Borrower: (a)
<br /> ---- �gnxs in writing to the payment of 1he obligation secured by the lien in e mattner acceptable to L.ender; (b)contests in
<br /> good f�ith the lien by, or defends ogainst enforcement of the lien in, legal procee�ings which in the I.endar's opiniou
<br />-- -�—' oper+ito to provent the wforcement of the lien; or (c) secures from the holder of the Len Qn agreCment satisfpctory ro
<br /> I,ender subordinating tho lien to ttua Security Instrument. If Lender determines that any part of the Property is subject to a
<br />_.s,�.,.. _�-�� lien which m�y att�in priority over thie Secttrity Insltument, L.ender muy give Bottower s notice• identifying the lien.
<br /> z --�- Borrower shall satisfy the lien or taka one or more of the actions set forth above within 10 da�s of the giving of notice.
<br /> -�-��"- S.Hazard or Property Luunnce. Borrower ahall kcep tho improvemente now exishng or hereaRer erected on the
<br /> _�`�"�='�� Property insured agAinat lose by firo, haurds includeci wittun tha term "extended coverage" xnJ eny other hazards,
<br /> .y�;.,"`yi"ra�] Form 3028 8190 lpage 2 0/6/
<br />--- AL�191Pc���l
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