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<br /> TOCiBTHER WITH ali the i mvementa now or hareafter erated on the m a�� �v�p�p�� �nd
<br /> --- -- �TP P P�Y� easemente�a �
<br /> - - i fixture.9 nnw or herea.fter a part of tho praperty. All replacements mnd additions shWl nlso be covercd by shin Seourlty --__
<br />- - - - ; Instnunent.AA of the foregoing is reforred tu in this Socurity[nstrument as tha"Property." ---------
<br /> " 80RROWSR COVENANTS that Bamower is lawfl►lly scir�ed o!tha sstate bcreby ca7veyW und hus the right to grant�nd
<br /> _ - - -: convcy tho Property and that the Praperty ia unencumber+od, exapt far ensumbrances af reeord. Bc�nower wanante and will
<br /> QeYend genernlly the dtia ta tha Property uguln�t alt elaimR and demnndR.subJect to uny encumbrartees of recocd.
<br /> = THIS SSCUItITY[NSTRUM�N'�cambinea uniform covennnts for nutianal urc and non•uniform covenants with limitod
<br />- -- vnrinttona by Jurl�dlction to canstitute u uniforn�accurity instrument coverin�rcut property. r-- -- - --_ - �
<br /> 1a ; UNIAORM COVENANTS.Horrowcr ttnd Lender cavenant and sgra as follawn:
<br /> 1. Payment oi PrtncipAl And Interest� PrepAyment and Late Charges. Hormwer shnll promptly puy when due the
<br /> �� principsl of und interest an the debt evldenced by the Note and any prepayment and late charges due under the Nate.
<br /> � 2. F�nds[ar Taxes and���surance.Subj�t to AppiIcablc law or to u wdtten w�iver by L.ender. Borrower ehull pay to
<br /> Lender on the day monthly payments arc due undcr the Note,until the Not�la paid in full,a sum("Funds`)for:(a)yearly texes
<br /> sred assessments which msy aitain priodty over thls Secutity Instrument as a lien on the Praperty:(b)ycarly leasehaid payments
<br /> or ground renta an the Pmperty.if any;(c)yearly hazard or property insurance premiums;(d)yearly flaod insurance premiums. —
<br /> � ;,�_;�' � if any;(e)yearly mortgage insurance premiums. if any;and(�any sums payable by Borrower to Lender. in accordance wIth
<br /> 'a�;»�..�3 '�, the provisions of paregraph 8.in lieu of the payment of mortgage Insurance premiums.Thesc items arc called "Escrow Itcros."
<br /> � ``��ti_'`,"'�'�'.,�: I.ender may, at any time. collect and hold Funds in an amount not ta exceed the maximum amount a lender for a federeily —�---
<br /> � .;.. s �`���:..,.�.. �r.�.�.�,�
<br /> , : p,;o��;a�Cti�:.,,f.,,, � related mortgage laan may require for Horrawer's escrow account under the federal Real Estate Settlement Procedures Act of —
<br /> �' f� � �r '��� "���t;•� 1974 as amended from time to tlme. 12 U.S.C, Section 2601 et seg. ("RESPA"),unless another law that applies to the Funds
<br /> . ,. ,�;�;:�.::_ �.;. .
<br /> " r�'.:;:�:;;_-�.:• ;, -: T�;. � sets a teaser amount. Tf so, L.ender may. at any time. coliect and hold Funda in an amount nat to exceed the tesser amnunt. ---- �
<br /> � '-° -`-� L.ender may esqmate the amount of Nunda due on the ba�fs of currcnt data and reasonable eadmates of expenditures of futura '�''�---
<br /> :��. , Bscrow Items or otherwise in accordance wtth applicable law. :�.,�,.__
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<br /> The Funds shall be held In an institution whose deposlts are lnsured by a federal a�ency. Instrumentality. or entity `•,:::;,;:''
<br /> (including I.ender,if I.ender is such an lnstitution)or in any Federnl Home Loan Bank.C.ender shall apply the Funds to pay the �"a��`�_
<br /> . ;. �. � • Bscrow Items. I.ender may not charge Borrower for holding and applying the Funds,annuaUy unulyzing the escrow account,or �i`,;i•�p.�'
<br /> " verlfying the Escrow Items.unless Lender pays Borrower interest on the Funds and appllcable law permits Lender to make such t��'' <;:��x-
<br /> •. , :;'d,,,ru.
<br /> „ a charge. Howevcr, Lender may require Borrower to pay a one-time chargc for an independent real cstate tax reporting servlce F�r,=.-
<br /> � „ used by L.ender in connectton wlth thIs loun, unless applicable law provides otherwise. Unless an agreement is made or -"—'
<br /> � applicable Inw requhec interest to be puid,L.ender shall nat be required to pay Borrowcr any imerest or earnings on the Funds. `�.;..�.��'�
<br /> Borrower and I.ender may agree in writing.however. that interest shall be puid an the Funds.Lender shalt�ive to Borrower. �' '�"�'
<br /> - - � ° wiihout charge,an annuai a�cuunting af tha Fun�is, showtnb �icxT{ie nfiS�IC�ita tu tf�c Fundn iu��i the purpasa for which cach � � '
<br /> , debit ro the Funds was made.The Funds are pledged as additianal security for all sums sccured by this Security Instrument. �.;.�. ?�i
<br /> • . " � If the Funds held by I.ender exceed thc amounts permitt�:d to bc held by applicablc law. L.cnder shall account to Borrower �:.',, ,.��
<br /> �� ° . for the excess Funds in accordance with the requirements of upplicable law. If the amount of the Funds heid by Lender at any �
<br /> •• ° time is not sufficient ta pay the Bscrow Items when due,L.ender may so notit'y Borrower ln writing.and. in such case Borcower '� �•
<br /> shall pny to Lender the umount necesxary to make up the deficiency. Borcower shall mnke up the deficiency in no more than
<br /> �• twelve monthly payments,ut Lender's sole discretion.
<br /> . ° Upon puyment in full of ull sums secured by this Security {nstrument, Lender shaU promptly refund to Borrower any '"
<br /> , Funds held by Lender. If,under purugmph 21, I.cndcr shull ucquirc or scll thc Prapcny,Lender, prior to the ucqufsitian or sale „ ' r•
<br /> �� of the Property,shull upply uny Funds held by L.ender ut thc time of acquisiti�n or sale u�u credit aguinst the sums secured by �.
<br /> .' this Security Instrument. '�`` �
<br /> � � 3.Applicallon oF Puymentti.Unlcss upplicablc luw priwidcs otherwise,ull payments rcreived by Lender undcr purugraphs *-�w A=-
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<br /> •� t nnd 2 shall bc appticd: fint,to uny prepuymcnt churgcs duc undcr thc Notc; ticrond,to amounts payubic undcr purugruph 2; • ,r��,. ._
<br /> third.to interc,t duc;fourth,to prinripal duc;und lust, to uny lutc rhurges duc undcr thc Notc. ...
<br /> 4.CltarA�; IJcns. Borcowcr tihail p•ry all tuxcs, us�etixmcntx,cht�rgcs, fincs und imFx�+ition�attributabtc to thc Praperty ' -
<br /> � � � wi►icit u�uy uttuiu priurity e�vcr tiii� Security in�trununt, and ieuaehuid p•ryment� eir ground rents, if any. Borrower shati pay � • - : `�`-^•` '
<br /> these obliguti�>n�ln the munner prnvideci in purugruph 2,or if ni�t puid in thut munner, Bc�rmwer�hall puy them on time direcdy - , • "
<br /> to thc person owccf paymcnt. Bnrr<�wcr tihull promptly fumish to Lendcr ull noticcs of umaunis ta bc puid undcr th{s parngraph. ' ., •
<br /> •. ; If Borrnwer mukes these puymentx direcdy,Burruwcr�hull pr��mptly furnish to Lender receipt+evidencing the puyments. •
<br /> Borro�vcr shuU prumptly dischur�c uny licn which has priarity civcr thi,Sccurity ln�trunxnt unlcss Borrowcr: la►agrces in � ' .
<br /> � writing ta the paymcnt of tim cihligutian ticcurcd hy thr lien in u manncr ucceptuhlr to L.cndcr:tb)rontcstz in gocxi fuith thc lien . .�
<br /> by, or defcnds uguin+t cntimemcnt of thc licn in. Irgal pr�kerJing, w�hirh in the Lendrr'+ apinion operutc to pre�-rnt the
<br /> � enforcemrnt ot'the�irn:��r(c)�erurr,from tNc holJcr ol'thc licn un ugrrement�at�.fuctury to Lrnder�ubardinuting thc lien to � ,
<br /> this Security Instrument. If l.rndrr drtrrmine.thut uny pan of ihc Pmpeny i��uhjrct tn a licn whirh muy uttuin priority over
<br /> this Sccuriry Imtrumcnt. Lcndrr muy gi��e Burra��•rr a nuticc idcntifying tl�c licn. &�rrowcr�hull �ati.Ty thc licn��r takc onc or i
<br /> , morc nf thc urtions,rt tbrth atx�vc within it)day.al thr�iving ut'nutirr. i .
<br /> • � Form 3028 8180 I
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