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TOGETHER WITH all the improvements now or hereafter erected on the property,
<br />shall daall eae menu, appurtenances, , and
<br />fixtures now or hereafter a part of the property. All replacements
<br />Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." ed
<br />BORROWER COVENANTS that Borrower is lawfully seised off the
<br />e estate hereby of record. Borrower warrantsgand will
<br />convey the Property and that the Property is unencumbered, except encumbrances of record.
<br />defend generally the title to the Property against all claims and demands, subject to any
<br />THIS SECURITY INSTRUMENT combines uniform covenants coverinat real property, non - uniform covenants with limited �
<br />variations by jurisdiction to constitute a uniform security instrument g
<br />UNIFORM COVENANTS. Borrower and Lenderment and LaterChargesoBorrower shall promptly pay when due the Q
<br />1. Payment of Principal and Interest; Prepay
<br />principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />earl taxes
<br />Borrower shall pay to
<br />2. Funds for Taxes and Insurance. Subject under the applicable
<br />oteauntil the Note is paid n full a umL(eFunds ") for: (a) yearly written waiver by
<br />Lender on the day monthly payments are d b earl leasehold payments as a lien on the
<br />earl flood insurance premiums,
<br />and assessments which may attain priority overaztyihS�eacndroT property in insurance p em ums; (d) y , (y y y
<br />or ground rents on the Property, if any, () y an sums payable by Borrower to Lender, in accordance with
<br />if any; (e) yearly mortgage insurance premiums, if any; and (f) y
<br />e provisions of paragraph 8, in lieu of the payment a mortgagenot to exceed premiums. These
<br />a ender for a federally
<br />th p
<br />Lender may, at any time, collect and hold Funds in ro amount
<br />related mortgage loan may require for Borrower's escrow account under the federal Real
<br />law Procedures Act of the Funds
<br />1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ( "RESPA "),
<br />sets a lesser amount. If so, Lender may, at any time, collect anurr ntddat Funds and reasonable nestimates of expenditures of future
<br />Lender may estimate the amount of Funds due on the basis of
<br />Escrow Items or otherwise in accordance with applicable law.
<br />Federal Home Loan Bank. Lender shall apply the Funds to pay the
<br />The Funds shall be held in an institution whose any are insured by a federal agency, instrumentality, or entity
<br />(including Lender, if Lender is such a institution) or l Y the Funds, annually analyzing the escrow account, or
<br />Escrow Items. Lender may not charge Borrower for holding and applying applicable law permits Lender to make such
<br />verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and app agreement is made or
<br />charge. However, Lender may require Borrower to pay a one-time aw charge
<br />ides otherwise. Unless estate tag ax reporting service
<br />a
<br />used by Lender in connection with this loan , unless applicable P interest or earnings on the Funds.
<br />applicable law requires interest to be paid, Lender shall not be required to pay Borrower any purpose for which each
<br />Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower,
<br />without charge, an annual accounting ofarthe Funds, ed as additional onalsecur and
<br />for all sum secured bydth seSec city Instrument.
<br />debit to the Funds was made. The Fund P g applicable law, Lender shall account to Borrower
<br />If the Funds held by Lender exceed the amounts permitted t elaw.ylfphe amount of the Funds held by Lender at any
<br />for the excess Funds in accordance with the requirements of applicable
<br />time is not sufficient to pay the Escrow Items when due, �a so Borrow
<br />Borrower
<br />hall make up the deficiency in n no more othan
<br />shall pay to Lender the amount necessary to make up the deficiency.
<br />twelve monthly payments, at Lender's sole discretion.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund a q Borrower
<br />or sale
<br />Funds held by Lender. If, under Fu ds held by Lender atathe acquire
<br />me of acquisitionror sale as ac credit against the sums secured by
<br />of the Property, shall apply any F by Lender under paragraphs
<br />this Security Instrument.
<br />ents. Unless applicable law p due under l second, 3. Application of Paym the Note; eco to received
<br />payable under paragraph 2;
<br />1 and 2 shall be applied: first, to any prepayment charges
<br />third, to interest due; fourth, to principal due; and last, to any late charges due under the Note.
<br />Borrower shall pay
<br />4. Charges; Liens. Borrower shall pay all taxes, ass aenssdmeaseho d paymentssorangroundsrennt s ftr any. table to the Prope y
<br />which may attain priority over this Security Instrument, them on time directly orrower these obligations in the manner provided in paragraph rag firms if h to Lender all notices of amounts t be paid under this paragraph.
<br />to the person owed payment. Borrower shall promptly rees in
<br />If Borrower makes these payments directly, Borrower shall Proptl over this Security Instrument unless BorrowermO ag
<br />Borrower shall promptly discharge any lien whit priority
<br />writing to the payment of the obligation secured by the lien in a e amnsrwh chtarn the contests in
<br />operate faith the
<br />prevent the
<br />g rote g
<br />by, or defends against enforcement of the lien in, legal p attain priority over satisfactory to Lender
<br />enforcement of the lien; or (c) secures from the holder of the f the Progrerty istsubject to a lien hich mayraitain pg the yen to
<br />this Security Instrument. If Lender determines that any p� o P
<br />this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or
<br />more of the actions set forth above within 10 days of the giving of notice. Form 3028 9/90
<br />dM -6R(NE) (921201
<br />MFNE8770 (1/97) / 041- 186939 -9
<br />Initials: 6
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