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<br /> TOGE'Td-IER WITH all the imgr�vements naw or hereafter erecied sn the property, and all easements,appurtenances,and :
<br /> fixtures now or hereafter a pari of the property. All replacem.ents and additions shall also be covered by ttus Security :
<br /> I!►stnimcnt. All of the foregoing is referred to in this Security Instrucnent as the"Property "
<br /> �ORROWER COVENANTS that Borrower is Iawfuily seised of the estate hereby conveyal and has the righ.*.o g:ar.t and '�
<br /> convey the Property and that the Pmperty is unencumbEred„eLcept for encumbranccs of recaid. Borrower wa�,�rants and will ', ''9
<br /> defend gencrally the title to the Pmperty agaiast xll claims and demands,subject t�any encumbrances of record. �� '�;
<br /> THIS SECURI7Y INS7'RUMEN'l'combines uniform covena�ts for national use anci non-uniform rnvenants�ith limited �
<br /> variations by iurisdiction to constitate a uniform secu�ity instrument covecing real pmperty. �
<br /> UNiFORM CUVENANTS.Barrower and L.ender covenzint and agree as Collows: � '
<br /> 1. Payrnent of P'rincipal and interest; Prepayment and Late Charges.-Borrower shall promptly pay when due the
<br /> pr.r:ipal of and interes!on the debi evidenced by the Iv'ote and any prepayment ar.d late chargrs due under the Nnt�. �
<br /> 2. Fumds for Taees and Insurance. Subject to applicable law or tn a written waiver by L.ender, Borrower shall pay to :
<br /> I,ender on the day mor.thly payments are dae unc!er th�;Note,untii the Note is paid in full,a sum("Funds"}for: la)yeariy taxes :
<br /> and assessanenu which may attain priority over this Sec�rity Instrument as a lien on the Property; (b)yeariy leasehold payments
<br /> or ground ren�s on the Pmperty, if any;(c�year(y hazd�or property insurance prcmiums;(d)yearly flood insurance premiams, :
<br /> ' if any; (e)yearly mortgage insuran^,e premiums, if any; and (f� any sums psyable by 8otrowor tn Lender, in accordance with :
<br /> the pro�•isions of paragraph 8, in lieu of thc payment of mortgage insurnnce pcemiums. These items are called "Escrow Items." :
<br /> L.ender m.y, at any time, collect and hold runds in an amount not to ezceed the mazimum amount a lender for a federally :
<br /> related martga�e loan may requize for Bomower's e.�crow acco�nt under the federal Real Fstate Settlement Proceduces Act of
<br /> 19',4 as amenrleti from time to time, I2 U.S.C. Section 260i et seq. ("RESPA"), unless anather law thut applies¢o the Funds :
<br /> sets a le�ser amount. If so, Lender may, at any time, collect and hold Funds in an amount noi to ezceed the lesser amouni.
<br /> Ltrnder may escimate the ameunE of Funds due on the basis of curcent data and reasonable estimates of ezpenditures of fe:cure
<br /> Fscrow Items or otherwise in accordance with aQplicabte law. :
<br /> The Funds shalt be held in an institution whose deposits are insured by a federal agency, instn�mentality, or entiry :
<br /> (including Lender, if L.ender is such an institution)or in any Federal Home Loan Bank. I.ender sliall apply the Funds to pay the :
<br /> Escrow Items. Lender may not charge Borrower f�r holding and applying the Funds, annualty analyzing the esci:iw account, or :
<br /> verifying the Escrow Items, unless L,ender pays Bor,owsr interest on the Funds and applicable law pern�its L.ender to make such
<br /> a charge. However, Lender may require Bormwer to I.ay a one-time charge for an inciependent n;al estate tax reporting service :
<br /> used by Lender in connection with this loan, unless applicab?e lsw provides otherwise. Unless an agreemene is made or
<br /> applicable law requires interest to be paid, L.ender sha12 r��t be required to pay Borrower any interest or eamings on the F�nds.
<br /> Borrower and lxnder may agree in writing, however, that interest shatl be paid on the Funds. Lendrr shall give to Borrower, :
<br /> without charge, an annual accounting of the Fands, showing credits and debits to the Funds and the purpose for which each
<br /> d�ebit to the T°unds was made. The Funds are plc�ged as additional security for all sur,is secured by this Seci�rity Instrument.
<br /> If ehe Furzds held by Lrndei•exceed the amounts permined to be hetd by applii:able law, Lend�r shall account to Borcow�er
<br /> for the etcess Funds in acco�ance with the requiremeats of applicable law. If the amount of the Funds hel� by Lende-at a�ry
<br /> � time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower
<br /> shall pay to Lender the amount nece.ssary to make up ihe deficiency. Borsawer shall maice up the deficiency in no more than
<br /> twclve monthly payments, at Ler.der's sole discretion.
<br /> Upon payment ir. full of alf sums secured by this Secur�ty Instrument, L,ender shali promptly refund to Borrower any
<br /> Funds held by i,ender. If, under paragraph 21, Lendec shall acquire or sell the Prop�rty, I.ender, prior to the acyuisition or sale :
<br /> of the Preper:y, shall apply any Fun�s held by Lender at the time of acquisition or sale as a crodit against the sums secured by
<br /> this Sacurity Insirument.
<br /> 3. Appiication of Payments.Unless app!icable law provides otherwise,ati payments receie.�ed by I.ender under paragraphs
<br /> 1 and 2 shall be appiied: rirst, to any prcpayment charges due unc�er the Note; second, to amounts payable under para�raph 2; :
<br /> thircl,to inte�est due; fourth, to principal due;and last,to any[�2e charges duc under thP Note.
<br /> 4. Charges; Liens. Burrower shall pay al! taxes, ass�s;nents, charges, fines and impositions attributable to the Property :
<br /> which may attain priority over this Secsrity Instrument, and leasehold payments or ground renis, if any. Borrower shall pay :
<br /> these obligations in the manner provided in paragraph 2,or if noe paid in that manner, &srrower shall pay them on time directly
<br /> to the�rson owed payment. Borrower shall prompdy furnish to l.ender all notice�of amounts to 5e paid under this paragraph.
<br /> ' If Borrower makes these payments direct!y, Borrower shall prompdy furnish to Lender receipts evidencing the paynents.
<br /> Borrower shall prornptly discf�arge any fien which has priority over this Security Instrument unless Borrower. (al agrees in
<br /> writing to the payment af ihe obligation secured by the lien in a manner acceptable to L,ender, (b)contests in good faith the lien
<br /> _ by, or defends against enforcement of tl�e lien in, legal proccedings which in the Lr.nder's o�ir:^n aptrate to prevent the
<br /> r enforcement of the lien; or(c) secures from the holder of tlie lien an agreement,satisfactory to L.ender subordinating ehe lien tb
<br /> this Security Instrument. if L.ender determines that 1ny part of the PropertV is subject to a lien which may att�in ¢riority over
<br /> this Security [nstrument, Lender may give Borrewer a notice�dentifying the lien. Borco�ver shal! satisfy the lienbr take one or
<br /> more of the actions s�t forth above within 10 days of the giving of notice. -
<br /> , Form 3026 9190
<br /> Prfln 2 ui 6
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