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<br /> T04BTHBR WlTH�II thc improvemcnu now or henaftcr era�ed on[hc property,und�II easementti,ap[wrt�nancec,
<br /> —._ _ — �nd fixi!�ree tto::�ot lses'ea!!ar n part af the proE+c�ly. A!!t+epl�menu and additionr ctuU xlso be coverad by this Secu�iry
<br /> Giununent. All of the forcyoin¢i�rcferred to in thi�Secur6ty Inswment as the"Property."
<br /> BURROWER COVENANTS tluu Borrowcr ie luwfully�ei�ed af the estate hercby conveyed aud has the r�ght t��r�nt
<br /> and canvey the Pto�xrty�nd ihat the Property is unencumbercd,except for encumbrnncea of record. Borrower warr�nts tnd
<br /> wNl defend�enerally the dtle to the Propetty a�ainrt dl cl�imi and demands,cubJxt to�ny encumbrancec of rocord.
<br /> THiS SECIlRTfY INSTRUMENT combincs uniform covenante for national uso �nd non•uniform covcnanu with
<br /> "'--� limjtod v�rirtior,�by juricdlction to conctitutc a uniform cccurity inztrument covcring rcat property. --
<br /> UNIFORM COVENANT5. Borrower end L.endcr covenant�nd agree As follows:
<br /> 1, payraent ot Ptlacipsl and Interest;Prep�yment wnd L4te Cha�a. Borrower shall pmmptly pay when due the
<br /> ptiacipnl of and interest on the debt evldenced by the Note and any prepuyment and irte chuges duo undor the Note.
<br /> 2. F�nd�tor'ILxea aad Insurance. Sub�ect to applicablc law or to a wdtten waiver by LenQor.Borrower shall pay to
<br /> Lender on the day monthly payments arc due under the Note, until the Notc is paid 1n full.a sum("Funds")for:(a)yearly
<br /> uxes and Assessments which may attain pciorlty over this 5ecurity Inspvment As a lien on the Propeny;(b)yearly leaschold
<br /> pnyenents or ground rents on thc Property. if eny; (c)ye�uly hazard or property incurancc promtums; (d) yearly flood
<br /> insuru�ee pcemiums, If any; (e) yearly mortgage insuranee premtums. jf any;and(� any sumc payable by Borrower to
<br /> t.ender. in accordance with the provfsions of paragraph 8. in lieu of the payment of mortgago insurnnce premiums. These
<br /> itemc ete called"Escrow Items." Lender may,at any time.collect and hold Funds in an amaunt nat to exceed the maximum
<br /> amount a lcnder for a fedemlly related mortgage loan may requirc for Borrower�s escrow account under the federal Real
<br /> - --� Est�tc Setttement Proc:edures Act of 1974 as wnended from time to time, 12 U.S.C.$2601 e�scg.("I2ESPA"),unless anothcr
<br /> IRw that applies to the F�unds sets a lesser amount. If so,Lender may,at any time,collect and hald Funds in an amount not to
<br /> excad the lesser amount. Lcnder may estimate the amcwnt af Funds due on the basie of.current data and reasonabic
<br /> _ e�timates of expendItures of future Escrow Items or otherwise in accordancc with applicablu law.
<br /> - The Funds slwll be held in an Institution whosP deposits arc insured by a Federal agonoy. lnstrumentality, or entity
<br /> - (includi�g Lender.if Lender is such an institution)or in any F�deral Home Loan Bank. Lendur shall apply the Funds to pay
<br /> = the Esemw Items. Lender may not charge Borrower for holding and appiying the Funds. annually analyzing the escrow =
<br />- account, or verifying the Escrow Items,unless Lender pays Borrower interest on the Funds nnd applicable law permits
<br /> ; I.�nder to mal;e such a charge. However,Lender may require Borrower to pay a one-timv churRe for an independent real
<br />_ estate tax reponing service used by Lender in cohnection with this loan,unless applicabla taw provides otherwise. Unless an
<br /> agrament lc made or applicAble law requires intenst to be paid.Lender shall not be requited ta puy Botrower any interest or
<br /> cemings on the Funds. Borrower and L.ender may agrec in writing,however,that interest shall be paid on the Funds. Lender __
<br /> -` shall give to Borrower,without charge, an unnual accountjng of the Wnds,showing credits and debits to the Funds and the
<br /> ' puipose for which each debit to the FLnds was made. The Punds are pledged as addition�i�socurity fur alt sums secured by —
<br />_ this Securiry Instrumeat.
<br /> , IC thr Funds Ita1d by I.ender e�cee3 i� amounts pctmittcd to hc hcld bY aPP�icabl:: las:�. Lender shall sccoant to
<br /> . Barrower for the excess Funds in accordance with the requirements of applicable law. If the amaunt of the Fund,held by —
<br /> Lender at any time is not sutficient to pay the Escrow ltems when due.I.ender may so notify Borrower in writing,and,in
<br /> `+• such case Borrower shall pay to Lender the amount necessary to make up the deficicu�oy. Borrower shall make up the
<br /> ` F'�' deficiency in no more than twclve monthly payments,at Lender�sole discretion.
<br /> ���' Upon payment in full of all sums secured by this Security InstNment.Lender shail�promptly refund to Borrower wiy
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<br /> Funds held by l.ender. If,under parngraph 21,Lender sha(1 acquire or sell the Property.Lender.prior to the acquisition or
<br /> � , ` �`"°'` sale of the Property,shall upply any Funds held by Lender ut the time of acquisidon ar.sala us a credit against the sums
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<br /> ._..,. .. ,„ �,;.;,,.;; secured by this Security Instrument.
<br /> f•.� 3. Application ot PaymenLs. Unless upplicable law provides otherwise, all puyments received by Lender under
<br /> -- -;����.,;. _,; paragraphs 1 and 2 shall be applicd:first,to any prepuyment charges duc under thc Noto;s.�ond.ta amounts puyable undcr
<br /> ��i1•�•• -• �•••�'� paragraph 2;third,ro interest due:fourth,ro principal due;und last,to any late charges due under the Note.
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<br /> �.�a�..r . 4. Charges; Licns. Borrower shall pay ull taxes, assessmcntx. charges, ftnes And impasitions attributable to the
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<br /> -•:�,,�;;;�;h;,;. ._ Property which may attain priority over this Security Instrument,and Ieasehold payments or ground rents,if any. Borrower
<br /> � '' • • shall pay these abligations in the manncr provided in paragraph 2,or if not puid in that manner,Borrower shall pay them on -
<br /> �� � �� � � time direcdy to the person owed payment. Botrowcr shall pramptly fumish to Lender alt notices of amaunts to lx paid under
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<br /> ",,�;;;,i;'•;" , this paragraph. If Borrower makes these payments directly.Borrower shull promptly fumish to Lender receipts evidencing
<br /> ;;�,;,:�. � the payments.
<br /> ''•''��� Borrower shall promptly discharge any lien which hus priority over this Security Instrument unless Borrower:(a)agmes
<br /> 'x"' ' "' in wr[ting to the payment of the obligation secured by the lien in a mannec acceptable to Lender,(b)rontests in good faith the =
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<br /> lien by.or defends against enforcement o(the licn in,legat procecdings which in the Lender�opinion opernte ta prevent the -
<br /> . rMS � irJ,���•�: , enforcement of the lien;or(c)secures from the holder of the lien an ugreement satisfactory to Lrnder subordinuting the lien
<br /> • •� to this Security Insuument. If Lender determines that any part of the Property is subject to a lien which muy attain priority
<br /> ,.� � over this Security Instrument,Lender may give Borrower a natice identifying the lien. Bnrrower shall satisfy the Iten or trke
<br />� . .e�3r,•,., ., one or more of the actions set forth above within 10 duys of the giving of natice. -
<br /> � ` • • S. Ha�rd or Property Insurance. Borrowcr xhall keep the improvements no�v exi�ting on c�rcafter erected on the =
<br /> , Property insumd against loss by�re,hazards incladed within ihe term"extended covernge"and any other hazards,including -
<br />� ���;';,.`:' . floodc or flooding,for which Lender requires insurance. This insurnnce shaU be maintained in the amounts and for the =.
<br /> +� , Form 3028 9l90 qwRe 2��Jn puRrsl
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