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<br /> _ �_�____.�______ � T0C3RTH�R WiTH ail¢he iit�provements now on c�r.,aftcr erccted on the gmperty,�ulFeasc� `�nxs. and
<br /> — --_=--. �xtures naw ar her�after n paR oP tho property. All ceplacement6 nnd cdddtions shall also be wvercd by this Secudry
<br /> Instrumcnt.AEI of the foregoing ia referted to in this Security Instrument us thc"Property."
<br /> BQRROW�3R COVENANTS tbut Borrower is lawthily seised of tho cstatc heeeby canveyat and hus the r�ght to grant and
<br /> convey tho f�ropeRy and that the Property is une�tcumbered,except for encumbrance.g of record. Borrower wanants and wiQ
<br /> — -• - ---- - defend gemrally the titic ta the Property aIIainst ell clnime and demenda� auMject to eny encumbrancex of rernrd.
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<br /> TH[S SSCURITY iNSTRUM�NT combines unifarm covenunts for nattonal use and nan-uniform cavenants wIth Iimited
<br /> �__ - — � vatlations by jurisdictian toccrosdtuue a uniforni uecurity instrument covering rzx!property. � - --_ °°�°_
<br /> ' UNIFARM COVBNANTS.Barcower and I.ender covenant and asree as followe:
<br /> 1. !'ayment ot Prtncipal and Inter�est; Prepayment and I.ate ChurRes. Bonower shall promptly pay when due the
<br /> principul af nnd I�terest un the debt evldenced by the Note end any prepayment and late chargcs d�e under thc Note.
<br /> �•� 2. Funds[or Toxes and Insurance. Subject to appltcable law or to u written waiver by I.endf:r. Banower shaft pay to
<br />,`;;- I.ender on the day manthly payments are due under thc Nate,until the Note is paid in full,a sum("Funds")for:(a)yearly taxes
<br />-"_- and assessments which may attaln priorIty over thia Security Instrument as a lien on the Property;(b)ycarly lcaschold puymcnts -
<br /> - ar graund rents on the Property,if any;(c)yearly htusrd or property insurance premiums;(d)yearly flood insurance premiun�s.
<br /> --_- ! If any;(e)yearly mortgage insurance premiums,if any;and(�any sums payeble by Borrower ta I.ender. in accordunce wlth
<br /> � : the provisions of parngraph 8. in lieu of the payment of mortsage insurance prcmiums. Thesc items ur�called "Escrow Items."
<br />"1. I.ender may; at any time,collect and hold Funds in an amount not to excecd tt�e maximum amount a lender for a federally
<br /> related martgage loan may require far Borrower's escrow uccount under the fodera!Resil Estate Setdement Procedures Act of
<br /> 1974 as amended fmm time to time, 12 U.S.C.Section 2601 et seq.("RESPA"),unless another law that applies ta the Funds
<br /> -- .,,.,y—�..•.�, . � :.etr. a l�::xr�nouAt. If sa.Lender msy. st sn,time. co!lect an� hold Funde!n an ameunt rr�t to e�cee�t rhP IpccP�pm��mr = _:
<br /> i.cnder may estimate the emount of Funds due on thc basts of current data and reASOnable estimates of expenditures of future
<br /> ' ��`'' Escrow Items or otherwise in accordance with applicuble luw.
<br /> o:�-
<br /> '� �`� . '� `� The Funds shull be held in un instttution who.se deposiu are insured by a fedr.ral agency. instrumentality. or entity �—
<br /> ' �•'r'-� (includi�g[,ender, if L.ender is such en institution)or in any Federal Home Loan Bank. L,ender shall apply the Funds to pay the > ����
<br /> �':.y,.�. 1.���.~. . .t,.1 ��.�.�i.
<br /> -tJ%�t��,;�+t�- Escrow Items. L.ender may not charge Borrower far holding and applying the Punds,annuully analyzing the escrow account,or ----
<br /> '¢ �'�� "':'••� verif in the Escrow Items,unless i.ender a s Eorrower interest on the Funds and a licable tuw rmits I.ender to make Fuch '�--�-.
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<br /> �•, `''�` " a charge. However. l.ender may require Bonower to pay a one-time charge for an independent real estate tax reNorting servlce "
<br /> ��'.•�'� "n . �T".�.
<br /> ':t"��5�;>, •� .� • ��� o" used by I.ender In connection with this loan. unless applicable law provides otherwise. Unless an ugrecment is made or -,�� �°;_
<br /> '�'".�"'? � ' a licable law r uires interest to bc uid, I.endcr shall not be r uired to a 8orrowcr un intcrest or earnin s on the Funds. ���� ���'
<br /> � pP �I P �9 P Y Y S �'._��
<br /> " ��•� � • Borrower and f.ender may agree in wr�tin�, however,that interest shnll bc paid an the Funds. Lender shall give to Barrower, .�� y' �-��-
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<br /> .v': • . • withaut charge, an annual accounttng ot the Nunds. showing credtts nnd deb�ts to the Nunds sind tha purpose ior which each , -
<br /> '� �' ; '' debit to the Funds w:�.c mttde. The Funds are pledged as udditionul security for all sums secured by this Security Instrument. � —
<br /> -' � If the Fu►xis held by l.cnder excecd the amaunts permitted to bc held by upplicable luw, I.end�r shall acrount to Bcirr�wer . - _
<br /> ,. � for the excess Funds in accordunce with the requirements of upplicublc luw. If the amount of the Funds held by Lender at any ' �
<br /> time is nat sufficient to puy the Escrow Items when due,Lender may�o nntify Bc�rrower in writin�, und,in such ca.se RoROwer �f=-
<br /> shall pay to Lender the amount necessary to make up the deficiency. Borrawer shull muke up the deticiency in no more than ^ - s �
<br /> ^�'.:
<br /> twelve monthly payments,at Lendcr's solc discretion. � "'° �
<br /> ti� Upcm payment in fuU of all tiums secured by this Security Instrument, Lender shall promptly refund ta A�nrower ttny
<br /> . � . Funds held by Lencier. If,under puragraph 21, I.endcr shull ucquinn or scll thc Property.Lcnder,prior to thc acquisition or sule ;;r•:__
<br />, o4'the Propeny, shpll upply uny Funds hcid by Lender at the timc of acyuitiitian or sale us a credit agaimt the sums secured by '�.�,;�
<br /> ' this Sccu�try Instrument. •=�� '�i
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<br /> 3.Applicadon of Aayments. Unlrti�upplicuhlc luw providcs othenvi,c. �II paymentti rcreived by L.endcr under pnrugruphs -�'�:�-
<br /> � � ' • I and 2 shall bc applicd: first. to uny prepuyment churgeti due urxicr thc N��tc:.en�nd, to umount+ payable undcr purugraph 2; ��. r�
<br /> ' • third,to intcrest duc;founh,to principul duc;und lust,ta uny latc rhurgcs duc undcr thc Notr. ��"'�-�'a
<br /> •� 4.Char{��:Liens. Burrower shall pay ull tuxcs. axsc++ments, charge�, fincy unJ im}x>�itions uttributablc m the Prapeny '
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<br /> •• •• which may uttain priority nvcr this Security Instrumcnt, und Icusch��id puymrntti ar grnund rentti, if any. Borrowcr shall pay �-.
<br /> ^ these obligatiom in the manner provideJ in purugruph 2,or if not puid in that n�arnicr. Borrower shall puy them on time directly "
<br /> ' to the person owed paymcnt. Borro��•cr.hail promptly furni�h to Lendcr ali notir«of amountti to bc paid under this paragraph. • .. _
<br /> „ ItBorcowrr makes thesc paynuntti directly. �urrc�wcr shall pr��mptly furni,h ta l.��xicr rereiptx cvidrncing the puymentr.
<br /> , � Burrc►wer�hall promptly Jitichurge uny licn which hu�priurity��ver tl�i.Scrurity In+trument unle++Borrower:(u)agree�in ,
<br /> � writing to the paymcnt of the obiibution.crured by the lien in a manncr acccptablc to I.cndcr,(b)rontetits in g�x�d Cuith tBe Iicn � .
<br /> � . . by, or defendx aguinst enforcement of the lirn in. Icgul prorrcding� N�hirh in ihr i.endrr'. opinian aperate t�+ prcvcnt the
<br /> • . . enfi�rcemcnt cif the lien: ur Ic)secures from the h��ldcr oT thc licn un ugrecment�atixti►ctury to[.ender�uhordinuting thr lien to
<br /> ° this Securtty Instrumcnt. !f Lcixlcr determinc. that any purt uf thr PruExny i,�uhjcrt to a lien �vhirh may �ttain priority cn•cr
<br /> + �. thi+Securiry Instrumcnt, Lcndcr muy givr B��rruwrr a n�uirc iJrntifyin�, thc licn. Hnrrcn�rr.hall ,ati,fy the lien i�r takc one or
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<br /> - morc of thc artiun.set fimh ubnvr within It)day�ut'thr giving��f nutirr.
<br /> `. �i Form 3028 8190
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