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<br /> . ���K3E�FR WC1��il�tb�U1�DVp11ClKi IID�N O[�ilt�lt!rol'i0d OQ f�iC�lC�1lti�.��!� ` . .
<br /> .�13tt�d.lS.iOd
<br /> ' fixtuees mw:or 6eraRa a pat of tHe pca�paty. Aii repiaoanents aod additio�s sh�tl �tw 6e wverod bY this Soaui�Y
<br /> � Ie�uma�t.At1.of the fw�aitig is cefined to in this Saenriry Ir�strum�ot as thc•Praperty.• , �
<br /> ( BARROWER COVp�TA1�TS that Borrovirer is lawfiiliy seiscd of the espte he�eby conveyad aad,�c the right[o gr�nt`�tpd
<br /> ;- conve�r the Pmperty and that ttx P�+ope�ty is unerkvmbered. ezapt for encumbruKrs of reoocd.'Somnwer warrants acd wi11
<br /> . defmd gene�ally tbe tiUe to the Proprrty ag�inst alt ctaims and demands.subject to au►y encumbrances of rocord. _
<br /> ' THIS SECURI7"Y iNSFEtUMEi�'�'aoadsines uniform anvenants for auio�i�l usc and non-unifocm cover�ants with,limitod ---
<br /> vuiatia�s by jurisdictioa to constitute a uniform sea�riry instr�menc covcring rr�l propertY. .. . _� ---
<br /> . UMFORM COYE11�A1V7'S.Barro�ver and Lender cove�ant and agrce as follows: - ---_
<br /> `l. �Y�eat ot Priecipd aed Tnteres� PrePYme�t aod i.ah C6at�is.Borrowtr aha11 Pro��Y P�►Y when due We =-=—
<br /> , principal.of and interest on the debt evidenc�od by the Note and arry prepayment and Iate charges due under the Note. ��,��:_
<br /> ' 2.�1Mdc[or Taxes snd L�n�ce.Subject to applicabte taw or to a Kritten waiver by Lender.Boirower shall pay w �`�`-=�'-°v
<br /> � l.eoder on the dny mo�uhly paymnts are due'uader the Note.imtil the Note is paid in fu!!,a svm('Funds')for.fa3 yearly tues � �}�s
<br /> ' ' snd usessments which itaay attaia prioritp over this Savriry inuiumeat as a Gen on the ProReny:(6)yearly.leacehold payme�ts --- _ -
<br /> o r g r o u n d t t n t s o t�t h e P r o p r t t y.i f a a y:(c)Y e a r i Y h a r r T d o r -� �---
<br /> i a t '_----
<br /> P�n 3'i n s u r a n c e p re m i u m s:t d)Y e a r 1 Y t i o a d i n s u r a n c e p r e m i u�u, �.3wV.3}:.=_--
<br /> if any:(el yeariy mortgage insurance premimns. if any:a�/t)any sums payable b}r Borrower to Lender.in aocordance witb ������=_-
<br /> the provisions uf paraSraph 8.in lieu of the paytnent of mortgage insurance premiums.These items are called"Escraw Items.' '=�-_�--�----
<br /> Lnder may. at any time.oollect and hold Funds in an amo�cnt.not to exceed the maximum amount a lender for a federalty ` - f��;��:
<br /> ntatad mottgage toan may reqain far Bortuwer's escrow account under the federal Real Estate Settlement�Procedares Act of - - --_
<br /> 1474 as aufeuded from time to time. 12 U.S:C.Section 2601 et seq.("RESPA"1.untess atwtfier law t1�aE applies ta the Fnads � -�;�=y
<br /> sets a le�er aanunt: if so. Lender may.at any time.collsct and�otd Funds io an amoant not to excced the lesser amount. . ��=_
<br /> � � i�ender m�y estimate tt�mno�mt of Funds due on the basis of cument data and reasona6te estimates of e�genditares of future -
<br /> Escrow Items or dtherwise in accocdance with applipble laa. � .. , _
<br /> Tbe Fwds shall 6e held in an institution whose deposiu are insured by a Federal agency. instrumentality. ar en6ry -
<br /> (including[xndtr;it tx�r is snch an institutian)or in any f�oderai Hame f..oam8ank.I.ender shatl appl}the Tvnds to pay the - - =
<br /> Esc�ow Items:Lender may nat ciwrge Bo�tower for halding and applying.the Funds,annually analyaing the escrow account.or . _
<br /> verifying the Escrow ttems.iudess l.ender pays Bortawer interest on the Fitnds.and,applicable law pemtits I.end�er to make such ��.
<br /> a charge.Hov�ever.Lender may requirc Banower to pay s one-time clu�rge for an independent real estate taa reparting service - =-, -;;.���=
<br /> uud by l.ender in oonnoction with tlus loan, unless applicabte law provides othenvise. Untess an agreement is made or - ..�.;
<br /> ,applirshle law requiires interzst ta be paid,l.ender shall rat be required to pay Borrower any interest or eamings an the Funds. '_ '� �_
<br /> $orrower and I.ender may�agree in writing, hawever,that irfterest shall be paid on the Funds. [,ender shall give to Borrower. --
<br /> withaut charge, an anm�al acoouining af the Funds,showing crediu and deUits to the Funds and the purpose for which eacfi -� �� —
<br /> debit to the Funds was trode.The Funds are pledged as additional sec�irity for all sums secured 6y ihis Security Instn�nt. ,
<br /> If the Funds held by Lender eaceed the amounts permitted to be held by applicable law.Lender shall account to�orrower • _`
<br /> for tbe excess Funds in accordance with the requireme�ts of applicable law.If the amount of the Funds held bp Lender at any -- - � -
<br /> time is tMt sufficient to pay the Esctow Items when due.I.ende�znay w notify Borrower in writing,and,in such case Bonower '�'Y°
<br /> shall pay to Lrnder the amount necessary to make up the deficiency.Borrower shall make up the deficiency in no more fian � . � "�'_
<br /> twetve monthiy payments,at Lerider's sole discretion. '
<br /> Upon paympnt in fu11 of ap sums secured by this Security Instcument. Lender shall promptly refund to Bomnwer any • ` � ,`�
<br /> Funds held by Lender.If,wnder paragraph 21,Lender shall acquue or sell the Property.Lender.prior to the acquisitian ar sale ! _ ; '��=
<br /> of the Property.shall apply any Funds held by Lender at the time of acquisition or sate as a credit against the sums secured by � � • . • ' .
<br /> tl�is Security Instrusnent. f.:. , '�,
<br /> ; 3.Application ot P�►yments.Unless applicable law provides otherwise,all payments received by Lcnder under paragraphs � ' .� F`� .
<br /> 1 and 2 shall be appiied:first. to any prepaynxnt charges due under the Note: seccmd.ta amaunts payable u�sder paragraph 2; - `
<br /> third.to interest due:fourth.to principai due:and last,to any late chargec due under the Nate. � .. . .. .
<br />- 4.Chprges;Liens.Borrawer shall pay ull[axes,a.�.sessmen�s,charges, 6nes�nd impositions attributablc to tfie Property '` � ��,J-
<br />- which may attain priority over thic Security Instrument, and Icasehold payment�ar ground rents, if any. Borrower shall pay r��. �. �� � ,,..�
<br /> � these obligations in the manne[provided in paragraph 2.or if not paid in that manner,Barrower shali pay them on time directly r � ' ��'
<br /> to the person owod payment:.BoRawer shall promptly furnish to Lender all noticcs e•f�n�unts to be paid under this par.�raph. �
<br /> : If Bocrower makes these paymeu:ts direcdy.Borrowcr shal�pramptly fumish'to L.cnder.rueiptc evidencing the payments. � . .
<br />_ Borrowet shaU pramptly discharge any lien which hati priority over.�?�.is Sccurity lnstrument unlcs�Borra�vet:(a)agrees in ( - ' `
<br /> : writing to the payment of the obligation secured by thc lien i�a man�er;�;�ptable to Lcnder;(b)conte5ts in good faith the lien 4. • � � � ••
<br /> by, or defends against enforcement of the lien in, Iegal praceed's��:�yii:ch in the l.ender s opininn operate to prevent the j, , �; . � �.y,:
<br /> enforcement of tOte lien;or(c)securec fram thc holder of the tien an agrecment satiyfactory to Lcnder subordinating thc lien to ��
<br /> thia Seeurity Xnsttument. If Leu�►der determines that any part of the Property is tiubjecc co a lien which may attain priority aver F-� '- =- �-� �--�
<br />- this Secudty it�strument.Lender may givc Bonawer s�aotioe identifyinb the licn.Be;rc xcr shall satisfy thc lien ar take one ar i._.. ...__.. :: .
<br /> moro of the actions set forth a6ove within 10 dayy of the givi�af nutice. ' . ` , •, �;.;�.
<br /> � . Form 3028 8/80 y' .' .`:';��.
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