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<br /> �� TOCiETH�R WITH eli tho improvoments e�w or heneaftcr c�ected on[he propec�y,rind aU cesementa.appu�tenancea, --°
<br /> — aad tiatums now or hereafter a ptut of the property. All reptucements and addiuona shall also be covered by this Secudty
<br /> " ---_ Inseeumen� All af the foregoing is referred to in thix Securiry Inatrument as the"Property."
<br /> SORROW�R COVBNANTS that Horrower is lawfully scised of the estate het�by conveycd and hss the dght to grant
<br /> -`�-- —' and convey tine Property und il�at ih0 Property is unencumbered,except for encumbrances of rerord. Borrower warrenta end �__
<br /> �� will defend Qenemlly the dtle to the P�aperty against all claims and demanda,subject to any encumbranceR of record.
<br /> ' THIS SF:CURTi'Y INSTRUMBNT combines nttiform covenanta for nadonal use and non-uniform covenanta wilh r
<br /> �` llmited variationa by judsdictlon to consdtute a uniform security instcument covedng rea!property.
<br /> � � ° UNIFORM COVENANTS. Bomower wtd Leader covenant and agree as fallowa: °-
<br /> 1. PAyment af PrindpAl and Intcresti�1�Y�ent and Late Charges. Boirower shall promptly pay when due the _
<br /> �� , ' �� e.; princl of and interest on the debt evidenced by the Not�and any prepayment and late charges due under the Note. _
<br /> '" `��'t�:;; � PY�nds for 1�xes aad Iasurance. Subject to applicable law or to a written waiver by I.ender,Hoaower shal!pay to
<br /> � '°"`t` " ''" ' �'' I.eader on the day monthly payments ace due under the Note.undl the Note ia paid in full,a sum("Funds")for.(a)yearly �--
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<br /> n�-'�"tk"'�� taxes and assessmentx which ma attain rtodry over this Secud Insuumeat ea a Hen on the Pmperty;(b)yearly leasehold
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<br /> . ,�:=�,.'�:°� ..`: � payments or grouad rents on the Property, if eny; (c) yearly hazazd or property insurance premian►s�(d) Year1Y flood
<br /> � � inaurance premiums, if any; (e) yearly mortgage inswance premiums.if any;and(�any sums payable by Borrower to ___
<br /> �� � �- _��' Lender. in accordance w[th the provislons of paragraph 8.in licu of the payment of mortgage insurance pnertdtuns• 77iese —
<br /> ��<�•.° ' items are called"Escrow Items." L,ender may.at any tIme.coAect und hold Funds in en amount not to eaceed the maximam �-�
<br /> ' i sunount a lender for a federally relatcd mortgage loan may cryuire for Bomower's escrow account under the federal Real
<br /> � � Estate Settlement Proccdures Act of 1974 as emended from�me to time.l2 U.S.C.�2601 et seq.("RBSPA").unless another _
<br /> _ _ ' � 1aw that applies w the Funds sets a lesser amoun� If so,L.c.mder may.at any time,coliect end hotd Funds in sut amount trot to �
<br /> � exceed the lesser amount. I.eader may estimate the amount of Funds due on the busis of cument Jatu cu�d cr�vuabia �.
<br /> � estimates of expenditures of future Fscrow Items or otherwise in accordance with appUcable law.
<br /> The Funds shall be held in an inst�tudon whose deposits ate insured by a federal agency,instrumentality.or eat�ty =_.:
<br /> � ` .� • (including Lender.if Lender is such an insdtution)or in any Federal Home Loan Bank. I.ender shaU apply the Fands to pay
<br /> . the Escmw Items. I.ender may not charge Borrower for holding and applying the Funds,annually anelyzing ttie escrow
<br /> accoun�or vedfying the Escrow Items. unless I.ender pays Borrower intemst on the Flmds and applicable law permits
<br /> � � Lender to make such a charge. However.L.ender may r�qulre Borrower to pay a one-dme charge for aa independent real _
<br /> _ estate tax reporting service used by Lender in connectlon wtth this loan.unless applicable law provldes otherwlse. Unless an —
<br /> ' � agc�eement is mnde or applicable law re�ui�s interest to be paid 1-ender shall not be required w pay Horrower eay intetest or .
<br /> earnings on the Ftmds. Borrower and I.ender may agree In wndng,howevcr.that interest shall be paid on the Funds. Lender
<br /> � shall give to Borrower,without char�e,an annual acsounting of the Funds,showing credits and debits to the Funds and the
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<br /> �,��rlx�se for whtch each debit to the Funds was made. The Ftinds are pledged a�additfonal r�ecurity for all sums secur�d by
<br /> this Security Instrument. .
<br /> . ' �• If the Funds held by L.ender exceed the amounts permitted to be held by applicable law, Lendec shall account to
<br /> � Borrower for the excess Fund�in accordancc with the requirements of applicable law. If the amount of the Fuads held by
<br /> , Lender at any time Is not xufficient to pay the Escrow Items when due,Lendcr may so nodfy Borrower!n wddng,and, in
<br /> , ' 1 such case Bonower shall pay to Lender the amount necessary to make up the deficiency. Borrower shaU meke up the
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<br /> • .-��:�._=_•-:s:-:._--..�•--:._. �eftclet�cy in nn more than twelve monthly gayments,at l.ender's sole scre on.
<br /> Upon puyment in full of all sums secured by this Securiry Insuument. Lender shall promptly reti�nd to Horrower any
<br /> " Ftmds held by I.ender. If,under paragcaph 21, Lender shall acqut�e or sell tbe Pmperty,Lender.prlor w the scquisItion or
<br /> . sale of the Property. shall apply any Funds held by i.ender at the dme of ucqu[sitton or sale as a c[edit ageinst We suma
<br /> ' ' secured by this Security Instrument.
<br /> � 3. Application of Paymenfs. Untess applicable law provides otherwise.all payments recelved by I.ender under
<br /> ', paragraphs 1 and 2 shail be appited:first.to any prepayment charges due under the Note;second.to amounts payable uader
<br /> � paragraph 2;third,to interest due;fourth.to principal due:and last,to any late charges due under the Note.
<br /> • 4. C harges; L iens. Borrow e r s h a l l p a y a l l t a x e s,a s s e s s m e n t s,c h a r g e s. f i n e s a n d i m p o s i s i o as attrlbutable to the
<br /> Property whtch may attain pdority over this Security instrument�and leasehold payments or ground rents,if any. Borcower
<br /> shall pay thesc obligations[n the manncr provIded in paragraph 2,or if not paid in that manner.Borrower shall pay them on
<br /> .. . time directly to tl�e percon c.woct payment. Rnrmwer shall promptly fumish to Lender all nodces of amounts to be paid undet �_
<br /> this parngraph. If Borrower makes thesc payments directly,Borrowcr shnll prompdy fumish to L.ender receIpts evidenc[ng
<br /> � ' the payments. -
<br /> Borrower shall promptty discharge any fien which hs�.c priority over this Secuaty Instrument unless Borrower.(a)agre�es ___
<br /> in writin�to d�e paymcnt of the obligation secured by thc lien in a manner acceptable to Lender.(b)contests in good faith the —
<br /> lien hy,or defends against enforcement of the lien in.legal proceedinss which in the Lender's opinlon operate to prevent the �
<br /> enforcement of the lien;or(c)tiecures from the holder of the lien an agreement satisfactory to Lender subordinat�ng the I�en
<br /> to this Securiry Instrument. If[.endcr determines that any part of the Pcoperry is subject to a lien whlch rttay attain priodty =__.
<br /> over this Security Inswment,L.ender may�ive Borrower�►notice identifying the lien. Borrower shall sadsfy the Ifen or take =
<br /> one or mot�e of the uctions set forth above within 10 days of the giving of notice. W��`
<br /> 5. Ha�ard or 1'roperty Insurance. Borrower shall keep thc improvements now existfng or hereufter ererted on the �-;�.
<br /> Property insumd against loss by}ire, har.ardx included within the term"extended coverage"und any other hazards,including
<br /> • tloods or flooding, for which Lender rcquires insurance. 7'his insurance shall be maintained in the amounts and for the
<br /> ', Form 3028 9190 (pa8t 2 oj6 pagesl
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