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<br /> 'PO(3BTH8R WiTH�ll the improvementc now or herwftcr erxtod an the property,md dl easement�.�ppurten�r�as,ud
<br /> flxlura now or herwfter ■ pxrt uf the propcny. All repl�cmentx u�x! u�Witiuny shall also be roverod by thi� Socurity
<br /> = irW�vment.All uf tt►�:fa�c�ain�is tcfcrnd ta in this Strudty Instrument as the"Pruperty.' �
<br /> BORRAWER COVENANTS that Borrawer is lawfully �el�od of thc r.vtate tiereby convcyal�nd has tiu right to gr�nt and
<br /> convey the Pre►perty And tlwt the Prapeny is unencumbered.except for etu:umbrw�ces of record. Bocrower wArrantc and will
<br /> -- defend generupy the titla to the Property agalnst all claims and demw�ds,suhject to uny encumbrunces af reroM.
<br /> THIS SECURITY INSTRUMBNT combines unifarm covenants fur national use end non-uniform covenants with limited
<br /> �_,._0_���- variwtians by jurisdiction to co�utitute a unifonn socuriry instrument cover�ng real property. �_
<br />-- UNIFORM COVENANTS.Barrower and Lender covenant aixi agree a�foilows _
<br />=,..;� 1. PAymeat of 1Mrkipal pnd Inter�st� Prepayment and I.Ate Ctwrges. Barrowcr shall promptly pay when due thc
<br />- pr�ncipal af and intcrest on the debt evidenced by the Notc and eny prepayment and late ch�rges due under thc Note.
<br /> 2. �nds tor Taxes and Insurance.Subject ta applicable law or to a written waiver by [.ender, Barrower shall pay to
<br /> Lendcr on the day monthly payments are due under the Nac.until the Note is puid in full,a sum("Funds")fur:(a)yeurly taxes _
<br /> and assessments which may attain pr3ority over this Securlty Instrument as a lien on the P�operty: (b)yearly Ieasehold payments ---
<br /> _ __,�r� ar graund rents an the Property.if'any:(c)yearly hazurd or prapeny insurance premiums;(d)yearly flaod insurunce premiums, ��
<br /> ;f any; (e)yearly martgAge insurance premiums,if any: and (tl any sums payable by Botrower ta L.ender,iti accordonce wlth
<br /> ����� tho provisions af paragraph 8. in lieu of the puyment of mortgage insurance premiums.These items are callai "Escraw Itcm�+.'
<br /> Lender may, at any time, cotlect and hold Funds in nn amount not to excer,d the maximum Amount s� lendcr for n federully
<br /> -- --— relata! martsage loen may require for Borrnwer's ecemw nccMmt under the focierul Real Estate Settlentent Procodureti Act uf __
<br /> 1974 Rs amended from timc to timc. 12 U.S.C. Scction 1601 et sey. ("RESPA"), unlc+s uncithcr luw thut upplic.r tc►thc Funclti
<br /> - — � Fets a larscr amount. lf so. Lender nury. W uny titne, callat arxl hold Funds in un umcwnt n��t tu exr�titif the Icz`er anx�unt. _
<br /> Lcnder nwy cstimate the ur►x�unt ��I'F�und*duc on thc husiti �if currcnt d�►tu+�txi muK�rwblc c�tinwtc���f'ex�xixlilure�uf future '�
<br /> E�cmw Itcm.nr��therwi�.io�tiord�uxr with upplic�hlc Iww.
<br />.�� •�� TIk F'uixlx shull hc Ixid in au in�titutlun who►�: dc{+u�it. urc inwn�l hy u IcJrrai ag�nry. invrunkntality. ur entity
<br /> litxtu�liny lAnJcr. 11'l.c�xlcr i��urh un i��*tituliun►ur in�ny 1'��lcral H�mx la►�n 13uuk. Iwiklcr�hull uM�ly thc 1'und�tu puy the
<br /> � L��ruw Itcm�. l.c�xlcr ow��iNN rl�ar�r I��rr„wcr for I�ul�ing uixl upplyin�tNc Fuixl�.unnually unalyiing�hr rKr�►w wcuunt.i,r
<br /> � ---- �� voril'yin�Ihc!?�mw Itrm+�,unlc.�I.���lcr pwyr&►rrowcr intcre�t un�hc F�u�x1s u�xl applicuhic luw�xrmit�lAixlcr to mukc tiuch
<br /> t�rhwrgc. Howcvrr. I.ctidcr nwy rryulrc Ei��rmwer ti�puy u o�x-tink clwrgc fi►r un i�xlc�xixlrnt rral c+tutc tux rcpurting�crvicc
<br />:-� utioc! by Lender in contxtition with thir luun. unless a�licahlc luw pr�wides otherwi,e. Unle�x un ugreement is mude ar
<br />-�� nppHcablc law royuirc.�interext tn hc puid,Lcnder shull nnt t+e rcyuired to pny Borrower uny intcrest or eurningr on the Funclx. _
<br />-� i Barrower and L.ender muy ugrce in wrlting,however, that interest shntl be paid on the Fur�dti. L.endcr shall givc ta Borrowcr, _
<br /> - without chuRe. un annual accounting of the Rund�, showing crcditti and debits to the Func1,und the pu�se for which each
<br /> debit ta the Furxis was made.The Funds are pledged a�additionul security for all sums secured by thir Security instrument. _
<br /> ' ��'` r' If the Funds held by[.ender excevd the amau�ts permitteJ to bc held by applicable Idw.l.ender shall account to Bnnower -
<br /> '�� f�' "'`` ' for the excess Funds in uccordunce with the requirements of applicuble law. If the amount of the Funds held by Lender at any
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<br /> .° �, .� ��rr�: time is not sufftcient to pay the Exrow Items when due.Lender muy so notify Bormwer in writing,and,in such cuse Borrower
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<br /> ,�, shall pay to Lender the amount necessary tn muke up the deGciency. Borrawer shull make up the deftciency in no more thun
<br /> ;�ti+�:��'�..-��, -
<br /> ;�t�',.. .,.: tw�lvc r�xmthly payments.at LeiK1e�',,ufC dix:�ctiutt.
<br /> :.'��`��,�;w r Upon payment in full of aU sums secured hy thi�Security Instrument. L.ender shall pmmptly refunci to Barrower any
<br /> ,'� �: �::-'sY�?� Fun.ic held by I.ender.If,under pArugraph 21. Lender shall acquire or sell the Propeny, Lender, prior to the acquisition or sale
<br /> •�., ,,
<br /> --- .• of the Property,shatl apply any Funds held by Lender at the time of acquisition or sale ur a credit uguinst the sumti secured by
<br /> '"`� ' +-���' '� � this Security Instrumcnt.
<br />=�. . �;;,:
<br /> � .a � 3.Application of PAyments.Unlers applicuble luw provides c>thcrwisc,all paymt:nts reccived by Lendcr undcr purugruphs
<br />� � ���:.'��_�;,;;;�.: 1 and 2 shull be applicd: first, to uny prepuyment churgec due under the Note; second, cn amounts payable under puragrrph 2; —
<br /> thitd,to interest due;fourth,to p�incipul due:und last,to any late churges due undcr the Nnte.
<br /> � 4. ChArges; I.iens. Barrower tihall pay ull taxes, u�sc�sments, churgc,, tincs and imp�nitions attributublc to thc Property
<br /> ° ,:;,;;l;f,°:L;o• which may attain priority ove�this Security Imtrument,and IcazehuW payments cir gruund r�nt., if any. B��ra�wer tihal{ pay
<br /> r.••� Y�.'�.' these obligations in the manner provided in purugruph 2,i�r i f not puid in that manncr, &irrowcr.hull pay thcm on timc direcdy -:
<br /> .�`...: ' .
<br /> 3=1�F-xf � to the perwn owed payment. Borrowcr xhu�l promptly furni�h to l.cndrr all notices of am��untti to Ix puid undcr this paragraph. �'
<br /> =`� '���• � If Borrawer makes thexc paymcnts dircctly.Burrower shull pramptly t'urnixh to[.cnder receipts evidencing the puyments.
<br /> — � Bonowcr shall promptly dixchurge any lien which huc prioriry ovcr this Scruriry[mtrumcnt unletiti&�ROwcr:(a>agrees in —
<br /> ' writing to the payment of the abligati��n sccured by the licn in u mnnner acceptable te�Lender.(b)contest�in gaid Fuith the lien "
<br /> -� �� by, or defendti against enforccment nf the licn i�. Ic�al procccdingti which in thc Lc�ndcr'ti upinion operate to prevent the -_
<br /> _— L<.r,yi!�-�.'���,�=� _.
<br /> _ __�t,��!t�s,_r�� enforcement of the lien; or(c)secures fmm the holder of the lien an agreement �utisf'actory t��L.ender suEwrdinuting the lien ta __
<br /> ������ this Security Instrumcnt. If Lcncicr deteRnines that •rny part o(thc Pr��{xrty i� subjcrt tii a licn whirh may uttuin priority over ;--
<br /> ' _ '-*--� ' this Security Instrument, I.cnder m;iy givc Burr��w�r:►n�dirr identifying thc►icn. Borr��wcr.hall +ati.f��thc licn or take one or '`
<br /> more of the actions set furth above within 10 duys of thc giving c�f notire.
<br />:_'•,� ' Form 3Gp8 9190
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