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<br /> TOOETHER WiTH dl tho improvanenu now or haeafler enacted an thc PrapertY�and�il eaadaui,�puAentr�ca. md
<br /> fiatu�a now ar hercaRer � piut of the PropenY. All eepiacemenp aid wWitions du�ll al�o 6e wve�ad by thf� Secwity
<br /> Iaiwmau.All of tba forq{aina i�r+efemd to in thie Soa�riry imuument as�he"Propcdy "
<br /> HORRQWBR COYBNANTS ltut Fbrrower is I�wiblly�eisod of tho ext�te hcreby conveyod md liar the ri�ht to ynuu aid
<br /> corrvcy the Property�nd ttut tt�e Property is unencumbend, except for c.nrumbranc.�af nxord.Borrawer waFrants and wlll
<br /> defead generdly thc title to thc Property against all cl�irns and demandc,RubJect to rny encumbrarxr.s of rocord.
<br /> THIS SECURITY iNSTltUMBNT rnmbina�unifortn coven�nte for nrtlanal ure wrd non-uniform oovensnls with limiled
<br /> : ��_ _�� vuf�tions by ju�icdiction to canstitutc a uniform secudry instrument covcrin�rc�l pmpcny.
<br /> UNIFORM COVENANT3.Bonowcr end l.ender covcn9nt and agroe as fallaws:
<br /> 1. PaymRat ot Aincipoi and Inta�ti Pi'eppymeut ond I.wte Cb�r�es. Barrawer siwll pmmptlY paY when due �ho
<br /> principal of and interest on the debt evidencod by�he Note and any prcpayment wnd late chargcs due unde�tha Note.
<br /> 2.Ftindr tor Taxes and lasuraaoe.Subject to xppNcable law or to a wr�tten wuivor by Lender, Borrower shwll pay to
<br /> Lender on the day monthly paymenta ure duc under thc Note,until the Note is paid in full,a sum("Funds")for:(a)yearly texcs
<br /> - °-_- wd�ssessments which may attain priority ovcr thi�Ser.ur�ty Inyt�umeid as a lieu u�i the P►•operty;(b) yca�iy t�fwtd paymcntr
<br /> or ground rents on the Propeity.if any;(c)yeArly ha7ard or property insurancc premiums:(d)yesuly tlood insuran�x premiums.
<br /> if any:(e)yearly mangage insurnnce premiums, if Any;a�d(�any sums payablc by Bartower to l.endsr,in accordance wfth
<br /> the provisions of paragraph 8,In lieu of the pAyment of mangage insurancc premiuma.These items are cullod "Escrow Items."
<br /> Lender may,at any time, eollect +ind hold Funds in an amount not to exceed the m�ximum amount a lender for� foderally
<br /> related martgage loan may mquire ior Bormwer's escrow account under the federal Rea! Estete SettlemeM Procedures Act of
<br /> _ 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ('RFSPA").unless ancNher law that applies to the Funds
<br />=_= sets a lesser amount. If so. Lender may,at any time, collect and hold Funds in an amount not lo excead 1he lesser amount.
<br />-,�=.; Lender may estimate the amount of Funds due on thc basis of current data and reasonable estimate� of expsnditums of futurc
<br /> .�� ,4;, Esarow Items or otherwlse in eccordence wlth applicable law.
<br /> '��`!� The Funds shall be held in an institution whose deposits are insured by a fedoral agency, instrumentality, or entity
<br /> (including Lender, if Lender is such an institudon)or in any Federal Home I.oan Ban1c.I.endBr shull upply Ilw Funda to pay the
<br /> ' Escrow Items. Lender may not charge Borrower for holding and upplying ihe Funds.annually u�alyzing tius escrow account,or
<br /> verifyfng the Escrow Items,unless Lender pays Burrower interest on the Funds and applicable Iaw permits l.ender to make such
<br /> _ , , a charge. However,Lender may requi�e Borrower ta pay a one-time charge fbr an indepondent real esta�e tux reporting service
<br /> � �'�'�� used by L.ender in connection wlth this loan, unless applicable luw provides otherwise. Unless en agreemenl is made or
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<br /> _ ;. applicablc law requires interest to be paid,L.endcr shall not be required to pay Barn�wer any interest or earnings on the Funds.
<br />__.. ,.., . Borrower and Lender may agree in writing, however,thet intcrest shall be paid on the Funds. Lender shull give to BoROwer,
<br /> -- ___ ' r without charge, an unnual accounting of the Funds, showing credits and debits to ihe Funds and Ihe purpnse fnr which each
<br /> ^�'` ,��"i'rn"'=�'• debft to the Funds was made.The Funds are pledged n.q additionul secu�iry for nll sums secured by thia Security Instrument.
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<br /> '�;;�n;x,: �s•;�:•'"''�k' If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lendar shull account to Borrower
<br /> +���+a,
<br /> �;:�3�'�:'.i�,"'�':3y�:':.: W � pP� Y Y
<br /> �e ��'`� for the excess Funds in uccordance with the r wrenunts of a licable law. If Ihe amcwnt of Ihe Funds hesld b Lender at an
<br /> ��l�rA'..iir.l���S,i�t'�'�,
<br />- � � ,;;, ,��, tlme is not sufficient to pay the Escrow Items when due.l.ender may so notify Borrower in writing,und,in e�h case Borrower
<br /> .;.�,� � , ,..;,
<br />_ "..'�.::-��;'� '�•:;'�,�:,� � shall pay to Lender the amount neceswry to muke up ihe deficiency. Borrower shell make up th�dcsficlenc!r in no more than
<br /> �:},`�,.`..�:',lS:': .:ti.i,; twclve monthly payments,at Lender's sole discretion.
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<br /> •�'�`'�' Upon payment in full of all sums �ecured by Ihis Serurity Instrument, Lender shull prom�ly refunJ to Borrower any
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<br /> n:-' • ' '�'�� Funds held by Lender. If,under paragr�ph 21,L.cnder shall ucquirc or sell the Propeny,L.ender, prior to thu acquisition or ssde
<br /> - ';�;',';; � � ''�"'�' of the Property, shnll upply any Fw�ds held by Lender�t the time of ucquisition or sule as u credit agnins� th�s sums secured by
<br />- �,�„�',;,,,k� this Security In�trument. _
<br />_?� '� r°•'� ���°'� 3.APpllcation of Pqymentx. Unless i�pplicublc law provid�r ati�erwiu,all paym�nts rc�:eivcd b knder under ara ra hs
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<br />- w�yY-1°�••� 1 and 2 shstll be a p plied: first, to an y pre pa yment char Rcx du e und er th e No t c;s�r u n d,t��a n i o u n t x p a y a e j e u n d e r p a r a g r a p h 2; _
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<br />' .�•'R•�-•'=�•� •::�,� third,to inte��eat duc; fi�urth,to principal due;and lasi,to:my lute chargcs due undcr the Note.
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<br />� • ."�ti,i' • 4.Charges; i.iens. &inower shall pay all taxes,�xses.ment�, rharge,, fine,anJ impnsitions atiribut�ble to the Property
<br />_ . . which muy a�tein priority over this Secu�ity Instrumcnt, �nci lea,ehold paymentn or ground rents,If uny. Borrower shrJl pay
<br />. " � � these obligations in the munner pnwiJed in pamgraph 2,or if not p•riJ in that manncr. &�rr��w•rr tihull pay them on time direcdy
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<br /> ' :.,.. .,;;�:, .,.; to the person oweJ paymcnt. &�nowcr shall prompdy fumish tu Lender ull noticcs of um��unt�tu be puiJ under this paragraph. -
<br />� ��•', � If Borrower makcx thesc puymcn�s dircrdy.B�irrawcr shall prompdy fumi�h to Le�xicr recript�rviJencing thu puymems.
<br /> `���,�� "`'�`�'�'•�°':L�' Bnrrower shull rom 11 dischur �un lien which has riaril aver thi�Securi� Ins�rumcn[ unlc„Burrower:Iu1 u rees in
<br /> „ , . p p Y B' Y P � Y Y F
<br /> 6,!: `� . writing to the payment of the ohligatinn utiurcd by thc licn in u m•rnncr ucccptublr�u Lrndcr. 1b)conteus in�t�xx1 fuith the lien
<br /> �' b or Jefends u am�t enforcement uf tlu lien in, Ic�al rorc��lin � which in the LenJer'. u minn n �rate to �revent the
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<br /> ,?', _�, . _ . . enfixcement of the licn;or(r1 ucures fram the h��IJcr cif the licn un ugrecmrnt.atitil'urwry t�,I_cnJcr sub��rdinuting�hc lien�o
<br />�'• . '.• . .;.';�y,i: , this Security Instruntent. 11'l.enckr Jetcrininr+Ihat an�• parl ul'the Prup�ny i.+uhjcrt a�a licn ti•hich mi�y attain priority over =
<br />:j � ' ��i�:��� this Security Instrument. Lcndcr may givc Burr���vrr a n�,ticc idcinilying Uic lirn. Burr„��cr�liul I .aii�l'} �he licn or rrkr one or `
<br /> _ • ' " ° ,� ; more of the uctions set 1'onh alx�ve within 1U day ti of�he Fiving af natice. -
<br />� ' . �, Form 3028 9/80 -
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