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<br /> TflGETHER WITH all the improvements now or hereafte�erected on the property, ar:d ail easements, appurtenances, and
<br /> fcztuces now� or hereafter a part of the property. A11 rcplacements and additions shall also be covered by this Security
<br /> Instrument. All of the fct�egoing is referred to in this Securiry Instniment as the 'Property."
<br /> BORROWER COVENANTS that Borro�ver is lawfully seised of the estate hereby conveyed and has the;ight to grant and
<br /> convey the Property and that the Pmperty is unencumbered, ezcept for encumbrances of r°cord. Borrower warrants and will
<br /> defend generally the title to the Froperty against all cl:�ims and demands, subject to any encumbrances of recerd. ,
<br /> THIS SECtJRITY INSTRUMENT combints uniform coeenants for national use and non-uniform covenants with limited
<br /> variations by jurisdiction to constitute a uniform security instrument covering real property.
<br /> UNIFORM COVENANTS.Borrower and Lender covenant and agree as follows:
<br /> 1. Fayment of Principal a�d Interest; I'repssyment and Late Charges. Bonower shail prompt?y pay when due the
<br /> principal of and intsrest on the debt evidenced by the No�e azid any prepayment arad late charges dee under tne Note.
<br /> 2. Funds for Taxes and In�;urance. Subject to applicable law or to a �vritten waiver by Lendet; Eiorrower shall pay to
<br /> Leader on the day monthly payments are due under the Note,until the Note is paid in full, a sum("Funds")for.: (a)yearly taxes
<br /> and assessments which may attain priority over this Security Instrument as a lien on the Property; (b)yearly leasehold payments
<br /> or ground rents on the Property, if any; (c)yearly hazard or property insurance premiums; (d)year!;;;�ood insurance premiums,
<br /> if any; (e) yearly m<�rtgage insurance premiums, if any; and (t) any sums payable by Bonower to Lender, in accordance with
<br /> the provisions of paragranh 8, in lieu of the payment of mu�tgage insurance pxemiums. These items are called "Escrow Items."
<br /> Lcnder may, at any time, coliect and hold Funds in an aznuunt not to eiceed the mazimum amount a lender f�r a federally
<br /> related mortgage loan may require for Bonower's escmw account un�der the federal Real Estate Setticment Procedures Act of '
<br /> 1974 as amen�+ed from time to time, 12 li.S.C. Section 'L601 er seq. ("RESPA"), unless another law that aFpli�s ro the �'unds
<br /> sets a lesser amount. If so, Lender may, at any time, collcct az:d hpld Funds in an amount not to exceed the lesser amount.
<br /> I.euder may.estimate the amount of�Funds due on the basis of current data and reasor.able estimates of ezpenditures of future
<br /> Escrow Items or otherwise in acr.ordance with applicable law.
<br /> The Funds shall Y�e held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br /> (including L.ender, if L,ender is such an institu!�on)or in any Federal Home L.oan Bank. Lender shali apply the Funds to pay the
<br /> Escrow Items. Lx.r,der may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or
<br /> verifying the Escrow Items,unless Lender pays Bonower interest on the Funds and applicable law permits Lender to make such
<br /> a charge. However, Len�ier may require Borrower to pay a one-time charge for an independent real estate tax reporting service
<br /> used by Lender in connection with this loan, 'vnless applicable law provides othenvise. Unless an agreement is made or
<br /> applicable law requires interest to br.paid, Lender shall not be required to pay Bonower any interest or earnings on the Funds.
<br /> , Bonower and I.ender may agree in writing, however, that interest shall be paid on the Punds. Lender shall give to Borrower,
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Punds and the purpose for .vhich each
<br /> debit ro the Funds was made. The Funds are pledged as additional security far all sums secured by this Sccurity Instrumcnt.
<br /> If tbe Funds held by I.ender ezceed the amounts permitt?.; to be held by applicable law, Lender shall account to Borro�ver
<br /> for the eF�ess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any
<br /> time is noc suffcient to pay the Escrow Items when due, :.ender may so notiCy Borrower in writing, and, in soch case Borrower
<br /> shaIl pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than
<br /> twelve munthly payments, at Lender's sole discretion.
<br /> Upon payment in full of all s�ams secured by this Security Instrument, Lender shall promptly refund to Borrawer :uiy
<br /> Funds held by I.endcr. If, under puagraph�i, Le�ider shall acquire or sel! the Property, Lendcr, prior to the acyuisition or sale
<br /> of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by
<br /> this Security Instrument.
<br /> 3. Apptica�tian of Payments. Unleus applicable law provides othenvise, all payments received by Lender unde�paragraphs
<br /> 1 and 2 shal!be applied: first, to any prepaymena charges due under the Note; second, to amounts payable under paragraph 2;
<br /> third, to iiiterest due; fourth, to nrincipal due; and last, to any late charges due under the Note.
<br /> 4. Charges; Liens. Borrower sha11 pay all tazes, assessments, charges, fines and impositions �ttributable to the Property
<br /> which may attain priority over this Security Instrument, and leasehold payments or ground ren[s, if any. Borrower shall pay
<br /> these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shzll pay them on time directly
<br /> !o�c person owed paymer,t. Barrower shafl promptly furnish to L.ender all notices of amounts ta be paid u�der this paragraph.
<br /> If Bonower makes these payments directly, Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br /> Borrower shall pramptly discharge any lieii which has priority over. this Sec�irity instrument unless Borrower: (a)agrees in
<br /> writing to the payment of the obligation securec]by the l;en in a manner acceptable to Lender; (b)contests in good faith the lien
<br /> by, or defends against enforcement of the lien in, legal proceedings which in the L.ender's opinion operate to prevent the
<br /> rnforcesnent of the lien; ot(c) secures from the holder of the lien an agrcement satisfactory to Lender subordinating the lien to
<br /> this Security Instrument. If L.ender determines that any part of the Property is subject to a li�n which may attain priority ovrr
<br /> this Security Instrument, Lender may give Borrower a notice identifying the lien. E3orrowcr shall satisfy the lien or take one or
<br /> more of the actions set forth above within 10 days of the giving of notice.
<br /> Form 3028 9190
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