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<br /> I ��ETMB WITH�I lIlOIRIp10VqOpM�f10W Q�IIp�RE�EIOCfOd Of1 UIO Q(�O�y�fl��0�� .1pd
<br /> !l�w�+e� row or�het+aRer � pK oP the propaty. Alt repl�ommonts urd�iditlo�at �ll da br cavend by N� Sea�xY
<br /> i I��uuma�t.Al)ot the taregoia�I� �eferrod W ie thi�Secodty T�as tbe"Propa�ty.'
<br /> j HdRROWFR C�OVENANTS th�t Borrow�er i�I;+wtWly�dsed ot ILa ahta t�ereby oonvayad and !ws the ri�ht w�rant aad
<br /> � oonvey 1he Prope�ty �nd �ut tbe Propaty u unencurt�bered,eaapt fa a�cumbnnoes of r000rd. Borrowu wuranti aad wW
<br /> detend�cnenlly the tiQe w 1he Pt�npe�ty�ainst dl cl�itru and dcm�ads�wbJect to any ancumbranca ot rocotd.
<br /> � THi3 SBCURITY INSTRUMBMI'oombina uNtorm wvennu far nMiaul we and non-wnitarm aova�w witb li�aftrd
<br /> _�-�---�--�-- varietionti by Judediction to con.�titute�unitonn�ecudry inst�umeM oovain�roal pneperty.
<br /> U[VIFORM COVENANTS.Borrower�nd Lender oovetwtt�nd�gree�follows:
<br /> 1. P�y�aeat o�Prindpd u�d inta�eati �P�7�t�nd L.*te CluRa. Borrower sh�ll P�'o►�Y P�Y whoa due the
<br /> principsl of�nd intere�t on tho debt evldenoed by tho Note and wnY P►ep�Yrnent ad late chu�e�due under ttie Noto.
<br /> 2. �und�tor Tiutes nad Insuranoe. Subjoct to�pplic�ble kw or to a writtan waiver by l.ender.Horrower�Iwll p�y w
<br /> - - I.eixlcr on tho day monthlY paYm�r�tr are due under thc Note.until the Note ia pa{d ln full.a sum("Fuads")for:(A)Yar1Y tutp
<br /> ud assessmcnts which may anain prioriry over this Security lnstrument ps a lier�on the Property;(b)yarly IeASelwld payment�
<br /> or ground rents on the Pnnperty.if any:(c)Yeerly tw7au+d or property inwrenee pnmiums:(d)Ye+rly flood iwur�nce premiums.
<br /> if a�ry: (e)Yearly moitgage incuranca pnmiums. if any:and(� my sums payable by Borrower to LeMer.in eccordance wIW
<br /> tAe provlsions of puagraph S, in liou of the p�yme�t of mo�gage ir►9urnnce prtmiums.These lterns are callod "Escmw Items."
<br /> Lendcr may. at any timc. rnllact and hold Funds in an amount not to exaed the maximum amount a lender for a federally
<br /> relatad mongage loan may requit+e for Bori+nwer's escrow account uMer the fede�al Real Estxto Setilement Praxduros Act of
<br /> . � 1974 as amended from timc to time, 12 U.S.C. Section 2601 er�rq. ("RESPA"). UIIICS.4 alWtllp' IAW Illa[B�IItB[0 fI1C FWIds
<br /> - .�;�t � sets a lesser amount. If so. l.endGr may, at nny time. collect and hold Funds in an amount not to exaul the lesser amount.
<br /> �_-` '�,��� ' Lender may estimete the amount of Funds due on ihe bosis of cerrent data wd neasonabk e�timaus of aaperdltures af futuro
<br /> -f' `'_�Yr. Escrow Items or otherwise in aaordance with applicable lew.
<br />_,,; �:,� 7he Funds shall be held in en institution whose deposits are insurad by a federal agency, instrumentality. or erttity
<br /> ` i_ 1� ; (including Lender,if Lender is suc6 an institution)or in any Federal Home I.oan Bank.Lender shall apply the Funds to pay the
<br /> a • �'-�� V' �� Escrow Items. Lender may not charge Borrawer for holdin�end applying the Funds,annuall�anaiyzing the escrow account.or
<br /> - ,y i vedfying the Escrow I�ems,unless Lender pays Borrower interest on the Fwds and applicable law permits Lender to make such '
<br /> • i.. .• � a chuge. However, Lender may require Borrower to pay a one-time chorgc for an independent rcal estete tax reporting servioe
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<br /> ;���: used by l.ender in connection with this laan. unless applicable law provides otherwise. Uniess an agreement is made or
<br /> -.J� �� �(`{l applic.able law requires interest to be paid, l.ender shall not be required ta pay Borrower eny interesl rn earnings on the Funds.
<br /> ���� ',�;`�';',� �� Borrowcr and Lender may agree in writing,however, that interest shall be paid on the Funds. Lendcr shall give to Borrower,
<br /> i '�,'�"`�•° wishout charge. an aanya! accounting of thc Pands. slSauing credEts s� sleblis to the Ps�nds and the pur� fQr whlzh eech
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<br /> debit to the Funds was rriade.The Funds are pledged as additional security for all sums secured by this Security Instrument.
<br /> .r':�,;1�'r"�j;':,`�.�„°:�';��S If the Funds held by Lender exceed the umounts permitted to be hcid by upplicable law, l.ender shall account to Barro�ver
<br /> '���"''"� '•- � � '� `'�" for the excess Funds in uccordwrce with the requirements of applicable luw.If tbe amount of the Funds held by L.ender at any
<br />- � "'`"?'�`�,'' time is not sufficient to pay the Escrow Items when due.Lender moy sa notify Borrowar in writing,and,in such case Borrower
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<br /> _ shall pay to Lender the amaunt necessary to muke up the de0ciency. Borrower shell make up the deficiency in no mare than
<br />_ � twelve monthly payments,at[.ender's sole di.r•cretion.
<br />_. �..�,;, :
<br /> Upon payment in full of all sumr secured by ihis Security In�trument, [.ender shull promptly refund to Borrower nny
<br /> - . . Funds held by L.ender.lf, under parogr�ph 21. I.ender shull acquire nr sell �he Pmpeny, L.ender,prior to the acquisition or�ale
<br /> -`� � of the Propeny, shnll apply any Funds held by l.encler ut the time of acquisi�ian or sale�.w u credit against the sums secured by
<br /> -��- �., f .:-.:;.�`r� this Securiry Instrument. �:
<br /> �s�� ' ��. ' 3.Application ot P�ymeatx. Unlexti applirublc luw pruvidc+othenvixc,ull p:iyments receivai by Lender unde�puagraphs -
<br /> :.,`_ ,, •
<br /> ;.l��,., , � ,''.y;,����,, . :,. �� I Aix1 2 shall be applicd: first. io any prepayment churges duc uader the Notc: ticrnnd,to amounts payable unde�parugrnph 2;
<br /> '�� third. to interese due:iourth.tu principal duc;und lutit,to uny lutecharges due undcr thc N�ite.
<br /> � '�� � � �. !'r��;��r .�.•.�����.���' 4.Cha es;I.ienr. &mawer sh�ll a all tuxes, a.r•SCSSmenis, char c+, tineti and im �sitions attdhutable to the Pro n
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<br /> , which may attuin priodty over�his Security Imtrumcnt. and Ica�ehold ps�ynkrn.or gruund ren�c, if nny. Borrower shall pay
<br /> � t ":'.�;:�i,'' !�; , these obligations in the mnnner pruviJrd in pur:�graph 2,or if n��t paid in thut manner. Borrciwer shall pay them on time di►ecdy =
<br /> �',��}«�;, to the perum mved payment. &�rrc�wer,h�ll prompUy I'urni�h t�►l.encicr ull nntirc+ot umount,to be paid undcr this paragraph.
<br /> ��"�'; If Borrower mukex thctic a mentti dirertl . Barr��wcr,hall mm I • fumi,h�o Lendcr rerci t.evidencin thc a men�c.
<br /> � ' P'Y Y P P�Y P R P Y
<br /> :,•,;; '� ,-:r:T;,: �"� Borrower shul! pmmpdy diyrhurgc uny lirn which hux priori�y avc��hi+Sccurity Instrument unless Borrawer: fa)u�rces in
<br /> �'r�,�''' "''`{ writing to thc paymern��f thc obli�*a�ion.crur�Kl by thc licn in u manncr arrcptublc�a I.cndcr; (bl c��ntextti in gcx�J faith the lien
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<br /> lt � �,�• �� - by, or defcnds uguintit enforccn�rnt nt'thc licn in. Icgul pak�-�rling� which in thc l.endcr'ti opinion op�:rate to prevenl thc _
<br /> `� • ,���•'°'�� • enforcement of thc licrt: or�c1+crurc. trom�hr h��ldcr of thc li�n an agrccmcnt wti�furton�a�l.cnJcr wlxmlinaiing�he lien to -
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<br /> � s ,.:;,, � ;, this Security Intilroment. If Lcnder Jctcrminc� thai�ny pai�t ��I'tlk Pru�krty i. .ubjcrt ta:i lien �vhi�h nwy atluin prinrity over _
<br /> :4'`,:�,;, `;(''i";.• this Securil} In�numem. I.cnJcr may gi�•e Bnrr�iucr a nulirr iJcinit'ying tlm lien. Burn►wer�hall�alisl'y the lien or take onc or -
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<br />; ;,:,;t. , more of the actions cet fonh ahove within 10 da}•of Uir eiving��I'naHirr. °
<br /> j�'• • + ' " Fam 3028 8/80 -
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