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<br /> 'I'O(3E1'FiER WI7'H�II iht improvcmentr now or herooRer erertcd w�the property,+u�d dl ea,�emen�r.�ppuReiuncei,
<br /> �nd Gxture�naw ar hereaRer t part of the propetty. All t�cplacemenic md�d0itionR ah�li aiw be coverod by Ihl��ecurlty
<br /> Inuruma��. All of the forcgoing�is rekrt+ed to in thf�Secu�ity Insuument�c tbe"Property."
<br /> HORitOWER COVENANT&tlut Borrowcr is 1�►wfuily sciced of the esuuc hcrcby ccmveyed wncl twic the ri�ht to y,r�nt
<br /> and convey the Pcopeny and chut..th�Propetty is unencumbered.except for encumbrurces of record. Borruwer warranti snd
<br /> wlll defand��adly the titk ta the Prope»y sg�inu all clai�and ckmmdr,suhject to�ny encumbrnnca of recutd.
<br /> THIS SECURITY INSTRIJMENT rnmbincs unifam covonwus for rwticxu�l uce rnd non-uniform covenarur with
<br /> limited vxdutIans by JurisdIcUv►t w eonctitute A uniform secudty incwment coverin�real propeeiy.
<br /> UNIFORM COVENAIVTS. Bomnwer�nd Lender c�veoant uxl�gac as follows:
<br /> 1. Payment ot Prindp�A:RK�IIItKlft�Prep�yment�d Late Chwt�a. Horrc>war slwil pramptly pwy when due the
<br /> princip�l of and intercst on thv.dr3lx evidcnced by the Note and any prepaymcnt�d I�te chs�rges due undcr the IVote.
<br /> 2. Fbnde tor Taxes a�l dmunnce. Subject to Applicable lAw or to a wdtten waiver by Lcnder.Borrower shall pay to
<br /> Lender on the day monthly p�ynxnts Are ducs under thc Note.until the Nate is paid in full.p sum("Funds")fo�:(n)yearty
<br /> tucc and assessmenta which may attain priority over this Securiry lnsuument as u lien on the Propecty;(b)yearly leayehold
<br /> pAyments or ground rents oa•,the Property, if any; (c) yearly hnzeM or property imurunce premiums: (d) yearly flood
<br /> insumnce p�miums,if any; (c1 yearly mortguge insurnnco premiums,if any; and (�any sums payable by Borrower to
<br /> Usnder,in accordance wit� ihit provisians of paragraph 8.in lieu of the payment of mortg�ge insurnnce premiums. These
<br /> items ara c�lled"Escrow ltems," Lender may.at any time,collect and hold Punds in an iunount nat to exceed the maximum
<br /> amaunt a lender for a federally related mortgage loan may require for Borrower�s escrow account under the federal Real
<br /> Estate Senlement Proccdur+cs A�t of 1974 as amended from time to time,l2 U.S.C.$2601 et srq.("RESPA"),unless another
<br /> law that applics to the WndR:sets a lessor amount. If so,Lender may.ut any time.collect and hold Funds in an amouat nat to
<br /> exceed the lesser amount. urnder may cstimate the amount of FLnds due on the basis of curront data and reasonabie
<br /> ectimateF of expenditures of fi�wre Exrow Items or otherwise In accordnnce with applicable law.
<br /> The Funds shall be 1'Klel in an institutian whose deposits are Insured by a federal agency, instcumentality, or entity
<br /> (includin�Lender,if Lender is such an institutian)or in any Federal Home Loun Bank. Lender shall apply the Funds to pay
<br /> the Eacrow Items. Lender n�y not charge Bonower for holding and applyins the Funds,annua!!y analyzing the escrow
<br /> account, or vedfying the Eaccow items. unless Lender pays Borrower interest on the Fundc und appllcable law pem�its
<br /> L.ender to make such a churgr:. However,Lender may require Bo�rower to pay a one-time charge far an indcpendent renl -
<br /> estate tax reporting servico used by Londer ln connecdon with this loan.unless upplicable lAw pravides athenvi�e. Unless an
<br /> agreement is mAde or xpplicaNe law ra�uires interest to be puid,Lender shalt not be required to pay Horrower any interest or
<br /> cart�ings an the Flmds. Borrower and I.ender may agree in writing,however,that interest shull be paid on the Funds. I,ender
<br /> shxil give to Horrower,wittaVat charge,an annusl accounting af the ELnds.showing credits and debits to the Funds and the
<br /> purpose for which each debiz�ta the FLnds wus made. The Funds ace pledged as addltiorud secarity for all sums secured by _
<br /> thic Secur�ry Inswment.
<br /> If tho Funds hetd by l.tnder exceed the amounts permitted to be held by applicable law, Lender shall account to
<br /> Borrower for tho excess FLnd:s In accordance wlth the requirements of applic�ble luw. If the amount of the Funds held by
<br /> Lender at any tlma ie not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and. in
<br /> such case Borrower shull pny to Lender the amount necessury to make up the deficiency. Borrower shall mwke up the
<br /> deficirncy in no more thun twalvc monthly payments,ut Lenderk wle discr�tion.
<br /> UYwn payment in fuli o!all sums sccur+ed by this Sccurity Instrument,Lcnder shult promptly refund to Borcower:u�y
<br /> Funds 6eld by I.endor. If,under pangruph 21,I.cnder shall acquire or xell thc Property,Lendcr,prior to the acquisition or
<br /> salo of the Ptoperty,shall xpply any Funda hcld by Lendcr at the time of acquisitiun or sale�g a crodit against the sums
<br /> tiecurad by this Security[n�trument.
<br /> 3. Application ot P�yments. Uniea� upplicable iaw provides otherwise, all paymentc rcceived by L.ender under
<br /> puagrnphs 1 und 2 shutl b�applied: first.to�ny prepayment charges due under the Note;second,to amoants payable under
<br /> pua�ruph 2:third,to interest due;fouah.to principat due::u�d lust,to any late charges due under the Note.
<br /> 4. ChaRes; Liens� Borrower shall pay all taxcs, assessments,chuges, Cnes and impositions attributable to the
<br /> Ptopecty which may attain priority over this Security Instrument,and leasehold payment�s or ground rents,if any. Borrower
<br /> ahait pay these oblisation»in the manncr provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on
<br /> timo di�e:ctly to the person owed payment. Borrowcr shall promptly fumish to Lender all notices of amounts to be paid under
<br /> thic puagr�ph. lf Borrowu�mikes these pryments directly,Bormwer shall promptly fumish to Lender receipts evidencing
<br /> the pAyments.
<br /> Bomower shap prompt!}•discharge�►ny lien which has priority over this Security Instrument unless Borrower:(a)agrees
<br /> {n tvrtting to the payment o�'che oblfgation secumd by the lien in a manner ucceptable to Lender,(b)contests in good faith the
<br /> lien by,or defends against enEorcement of the lien in,legal proceedings which in the Lender c opinion operate to prevent the
<br /> enforcemont of the lien;or(c)secums from the holder of the lien an agreement satisfactory to l.ender subordinating the lien
<br /> to this Sxuriry Inswmen� If Lender detertnines that any part of the Property is subject to a lien which may attain priority
<br /> over this Securiry Instrun�at,Le�der may give Borrower a notice identifying the lien. Bonower shalt s�tisfy the lien or take
<br /> one oc mon of the actione set fath above within 10 days of the giving of notice.
<br /> S. HatArd or Prpperty InsurAnca Borrowcr shali keep the improvements now cxisting or hereafter erected on the
<br /> Property tnsured against la►s by�re.huards included within the term"extended coverage"and any other hazards,including
<br /> floods or flooding. for whiah Lender requires insur�nce. This insurance shali be maintained in the amounts and for the
<br /> I�Orm J028 9l90 fpaRe 2 of6 paget!
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