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<br /> TOGF.THER WITH ull the improvements now or hereafter erected on the property, and ull easemcnts, appurtenunces, and
<br /> fittures now or licreafter a pan of the �roperty. All replxemetits and additions shall ulso be covered by this Security
<br /> instrument.All of the foregoing is referred to in this Security Instniment as thc"Pro�:rty."
<br /> HORROWER COVENANTS thot Borrower is lawfully seisect of�hc estatc hereby conveyed and has�he right to grant and
<br /> convey the Property aixl thnt the nroperty is unencumbered,except for encumbrances of record. Borrowe�- warranis and will
<br /> d�feixl generally the title to the Properey ugainst all claims and demands,subject to any encumbranees of raord.
<br /> THIS SECURiTY iNSTRUMENT ccnnbines uniform co�•enants for national use and non-unifonn rovenants with limited
<br /> variations by jurisdiction to constitute a unifonn security instmment covering rcal propeny.
<br /> UNIFORM COVGNANTS. Borrower and[.endcr cavenant and agrce as fullows:
<br /> 1, pAyment of Priocipwl and lnte�st; Prepwyment�nd Late Ciui�c+. t3orc�>we�• tihall prmnptly pay �vhcn duc thc s=:
<br /> principal of arxi imerest on the debt evidencal by the Note and any prepuyment anci late charge9 due midertl►e Note.
<br /> 2. Fund.4 for TAxes�nd Insumnce. Subject to applicable Inw or to a written waiver by Lender, Borrower shall pay to
<br /> l,cixier an the dny monthly paynxnts are due under the Note,until the Note is paid in full,a sum("Funds') for: (a)yeady tuxes
<br /> ancl assessments which may attain priorily over this Security Inst�ument as a lien on the Property; (b)yc�'+rly 1e�sehold payments
<br /> ar ground rents on the t'roperty,if any;(c)yearly hazard or propeny insurance premiums;(d)ycarly flc�od insurance premiums,
<br /> if any;(e)yeurly inortgaRe insurance premiums, if any;and(�any sums payable by Borrower ta Lender, in sccordunce with
<br /> thw provisions of paragraph 8, in lieu of the payment af�ongnge insurance premiums.These items are called"Escrow Items."
<br /> I.ender may, at any time, collect and hald Funds in an arnount not to �xce�d the maximum a►nount a lender for a federally
<br /> related mortgage loan may require for Bnnower's escrow account urider the federal Re:►I Iistate Settlenxnt Procedures Act of
<br /> �g74 es amencied from time to tin�e, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law thai applies to thc Funds
<br /> sets a lesser amount.]f so, Lender may, at nny time,collect and hold Funds in an amount not to exceai the lesser anwunt.
<br /> Lei�ee may estimatc the amount of Funcls due on the basis of current data and reasonable cstimates of expenditures of futurc
<br /> Fsc;row Items or otherwise in accordance wiih uppticable law.
<br /> Thz Funds shall be hald in an institution whose deposits are insured by a federal agency, instrunxntality, or entity
<br /> (including l.ender, if Lender is such an institutiun)or in any Federal Home Loan Bank. Lender shall apply tfie Funds to pay the
<br /> Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually nnalyzing the escrow account,or
<br /> verifying the Escrow[tems, unless[.ender pays Borrower inte��cst un the Funds and applicable law pem�its L.ender to make such
<br /> a charg�. However, Lender may require Borrower to pay a one-time charge for an independent real estaie t:ix reparting s:rvice
<br /> used by I.ender in connection with this loan, unless applicable law provides otherwise. Unlc:ss an agreement is m�cte or
<br /> applicuble law reyuires interest to be paid,Lender shall not be r��quirad to pay Borrower any interest or tarnings on the Funds.
<br /> Horrower and Lender may agree in writing, hc,wever,that interest shall be paid on the Funds. Lencier shall give to Bo�rower,
<br /> without charge, an annual accounting of the Funds, showing credits nnd debits to the Funds and the purpose for which each
<br /> ���j=��zti��s;;.��.�,�,�n,:u1t• The Funds are nledged as additional�:curity for all sums sec��rc�by this Securiry Inswment.
<br /> if the Funds{�eld by Lender exceec!th:amounts permitted to be held by applicable law.Lc:nder siuii accouni iu Fx,iiu�ce
<br /> for the excess Funds in accordance with the requirement� 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, Lender may so notify Borcower in writing,and,in such case Borrower
<br /> shall pay to Lender the :uno�mt necessary ro make up the dzfieiency. Borrower shalt n�:ike up the deficiefxy in no more than
<br /> Iwelve monthty payments,at Lender's sole discmtion.
<br /> Upon payment in full of all sums sccured by this Security Instrument, L.erxier shall promptly rcfund to Aorrower any
<br /> Funds held by Lender. If,under paragraph 21, Lender shall acquire or sell the Property.Lender, prior to tl�e acquisition or sale
<br /> of the Propeny,shall apply �►ny Funds he:d by Lender at the cime of acquisition or s;ile as a credit agaiost the sums secured by
<br /> this Security Instrument.
<br /> 3.Apnlicatian o[Payments.Unless applicable law pro��ides otherwise,alt payments received bY Lencler under paragraphs
<br /> ►and 2 sha1l be applied: ficst, to any prepayment eharges due under the Note: second. to anwunts payab[e under p:tragraph 2:
<br /> third,to interest due;fourth,to principal due::►ne1 l:ist,to any late charges due under the Note.
<br /> 4. Ctwrges; Liens.Borrow'er shall pay all taxes.:issessnxnts,charges. Cines and impositions attnbutable to the Property
<br /> which map attain priority over this Security Instrument, a��d Ieasehold payments or grouncl rents,if�ny. �rrower shall pay
<br /> these obligations in the►nanner provided i�i psragraph 2, or if not paid in that manner,Borrower shall pay them un time directly
<br /> to the person o�•ed payment. Borrower shall promptly furni�h to Lender all notiecs uf amounts to be pyd under this psra�;raph.
<br /> lf F3�rrower makes these payments directly,Borrower shall prc�mptly furnish to Lender receipts cvide�tcing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over chis Sc:curity Lnstrumenc unleas Be>rruwer: 1a)agrces in
<br /> writing to the payrnent uf thc obli�ation secured by thc lienin a manner accepWble to[,�nder;(b)cont�sts in gcxxt faith the lien
<br /> by, or defends ngainst enforeement of the lien in, Icgal prcxee�lings �vhich in the Lender's upinion operate to prcvent the
<br /> enforcernent of thc lian:or (c)secures from the holder of�he lien,an:►greement satisfactory ro Leixicr subordinating the lien to
<br /> thes Sec:urity (nstrument. If Lendcr detennines that any pan c�f thc Property is subject w a licn whi�h nL.ty attain priority uver
<br /> this Sec:uriry Gutrument. Lender may give f3urrower a n��in: id�ntifying the licn.Burrowcr shall satisf}•thc licn or take ure or
<br /> more of[he actions set furth above within LU dsys of�hc ai�'ing ut'nutice.
<br />_— Form 3028 9190
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