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<br /> :�T�� TOpET'HBR WITH ell the im rovementr�now or hereatter erected on the ro ���
<br /> p p pert�r,and all easements.appurtcnnnces.
<br /> end tixturea now or hereaftar a purt of tho pmperty. AU replar.cment�end additIons ahcsll also be covend by this Securlry _
<br /> — Ineuument- All of the foregoing is refeired to ln this Security Inatrument as the"Property."
<br /> � BORROWER COVBNANTS that Bumower is lawfuily selsed of tho estste het+aby conveycd And hus the rlght to�rant �.-------
<br /> ~ and convoy the Property and that tho Propecty i s unencumbett�e�d.except for enwmbrancea of record. Horrower warrante and
<br /> will defend genertilly the tide to the Property against all elnims and demanda,subjeet ta any eacumbrancea of record.
<br /> , THIS SECURTfY 1NSTRUNI�IV1' combinea unlform covenants for naUonat use aad non-unifarm covenanta with
<br /> '� limited varlationa by jurfadicdan to conadtute a unlform secudty instrument covering mal pmpErty.
<br /> , K ��• UNIFORM COVBfJANTS. Barrower and Lendcr cov�nant and agnea es foAows:
<br /> ,,�#� I. Ppyment of Prindpal And lnteres�Prepstymeat and Late Chargea Horrower shail pmmptly pay when due the
<br /> • ,Y�?���;. '' prktcipal of and Interest on the dcbt evldenced by the Note and any prepayment and late charges due uader the Note.
<br /> � 2. F�ads for 11axes aul Iasurance. Subject to applicable law or to a written waiver by L.ender.Botrower shall pay to
<br /> '� �'-�����'•' Lender on the day monthly payments are due under the Note.until the Note iR paid in full,a sum("Funds")for.(a)yearly
<br /> ..,�.�;',i'�" �—_ _ —. _ -
<br /> . `':.,�..+��'„�,°�, taxas and ussessmonts which may attain prlority aver thls Security Instrument es a lien on the Property:(b)Yearly leasehold
<br /> .:��,;a`-:, .... •.�: payment� or ground rents on the Property.if any: (c) Yearly hazard or property insurauce premiums: (d)yearly fluod � .
<br /> . ' `' insurance p[emiums, if any;(e)ycarly mortgage insurance p�emiums. ff any; and (� any sums payabie by 8orrower to ,�
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<br /> � ° . .,;� � l,ender, In accordance with the provisions of paragraph 8.in lieu of the psyment of mortga�e insurance premiums. These
<br /> " ltems ere called"Escrow Itetas" Lender may, at any tIme.collect and hold Funds in an amount not to exceed the maximum �'—
<br /> ,-. J ' . ;'!• _-_.
<br /> '�,,.;;;' amount a londer for a federally related mongage loan may require for Borrower's escrow account under the federal Real _---
<br /> ��,�� f�� • ;� Batate Settlement Pmceduca Act of 1974 as amended from dme to dme,12 U.S.C.§2601 et seg.("RESPA").uNess another =
<br /> �_^_...�" law that appiiea to the Punds seta a lesscr amounG If so,Leader mav.at w►v tlme.coltect and hold Funds in an amount not to �--�--
<br /> � - — exceed the Iesser amount. Lender may esdmate the tunount of Funds due on the basls af curnnt data end m,asonable �.=;:.-�- --
<br /> estimates af eapenditutes of future E.4crow Items or otherwise in accordance with appltcable law. __
<br /> � � , , , The Funds shall be held in an insUtution whose deposits az+e insured by a federal agency. instrumentelity,or entlty n.�����
<br /> (including Lender,if Lender is such an insdtution)or in any Federal Home Loen Bank. L.ender shall apply the Funds to pay ' ��_"
<br /> the Escrow Items. Lcnder may not charge Borrower for holding and applying the FUnds,annuatly snalyzing the cscrow "'a�°�-�„_
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<br /> , , account.or vedfying tiie Fscrow Items, unless I.ender pays Borrower interest on the bLnds and applicable law permIts ';,,.}�-.-
<br /> � Lender to make such a charge. However.I.ender may reyutre Borrower to pay a one-time charge for an independent real "r•`
<br /> • " � estate tax reparting service used by Lender in cannection with this loen,unless npplicable law provides othecwise. Unless en :,� 7�_
<br /> agreement is madc ar applicable law requires tntcrest to be p�id.Lender shall not be required to pay Borrower any interest or ' • _
<br /> earnings on tha Funds. Borrower and Lender may agree In writin�.however,that interest shall be paid on the FLnds. I.ender ��� , ��5i��"
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<br /> ,r, shall give to Horrower,without charge,un annuul accounting of the Eunds,showing credi�5 und debits to the hl�nds and the =__
<br /> _ . _ ____ purpose for which each debit to the Funds was made. The Ftmds sue pledged as additionul securlry for xil sumx secured by -
<br /> - . .. this Secur�ry Instrumea�6 - ,`
<br /> ' If the Funds hetd by Lendcr excced the umaunts permjtted to be held by applicable law. Lender shall account to , . _
<br /> Bonower for the excess Funds In uccordance with the requirements of applicable law. If 1he amount of the Funds held by __._.
<br /> . Lender at any dme is not Suf�cient to pay the Escrow Items when due,Lender mny so notify Borrower In writins,pnd,in ,. �•
<br /> such case Borrower shatl pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the _
<br /> defIciency in no rnore than twelve monthly puyments,at Lender's sole discretton.
<br /> , Upon payment in full of all sums secured by this Secudty Instrument, Lender shall promptly refund to Borrower any ��F-
<br /> Funds held by Lender. If,under pam�raph 21.Lender shall acquire or sell the Property.Lender. prtor to the acquisition or ,F ''
<br /> , sale of the Property, shull apply any Funds hcid by Lcnder at the time of acquisition or�ale as a credit agninst the sums • :;T=
<br /> secured by this Security Inswment. �''"''--
<br /> . 3. Appltcation of Poyments. Unless applicublc luw provides othcrwise,ull paymen�c received by Lender under .:,�"�:-
<br /> ara hs t �nd 2 shall be a l�ed:firct,to un re a ment char eti due under the Nate;kcond.to amounts a able under ""'"-
<br /> P �P • PP� YP PY S � pY .��
<br /> _ paragmph 2;third,to intereu due;fourth,to pri ncipal due;und lust,to uny late churges due under the Note. •y�'7;�
<br /> � 4. Charges; Ltens. Barrowcr shaU pay nll taxes, ussessments, charges, fines and impositions attributable to the ���i�
<br /> Property which muy attain priority over this Security Instrument,and leusehold pxyments or�rq�nd mnts,if any. Borrower ���
<br /> shnil pay these obligutions in thc manner provided in parn�mph 2,or if not paid in thut manner, orrower shall pay them on ,
<br /> time directly tu the person o�ved Fuymcnt. Borrower shall prompdy furni�h t�Lender nll n��ice�of nmounts to bc paid under ` . ;,„T _
<br /> this paragraph. if Borrower mukex thexe payments directly,Borrower shull promptly furnirh to Lender receipts evidencing .. �
<br /> the payments. �
<br /> Borrower shull promptly discharge any lien which has priority over this Security lnstrument unless Borrower:(a)a�rees �• ••
<br /> !n writing to the puyment otthe abligution secumd by the tien in u manner ucceptable to Lender;(b)rontests in good faith the '
<br /> 1{en by.or defends n�ainst enforcement of thc licn in. legal prorecdings whirh in the Lcndcr's opinion aperute to prevent the , .
<br /> • enforcernent of thc lien;or(c) secums from thc holder of thc lien an ugreement sutisfactory to Lender subordinating the licn
<br /> , to this Security Inswment. If Lender determiacs that any purt of thc Property is suhject to a lien which muy uttain priodty
<br /> over this Security Instrument, Lender mny give Borrower u notice identifying the lien. Borrnwer sha[i satisfy the��c��c:::w:�
<br /> one or more of thc xtions set forth above withi n 10 days of thc givin�of noticc.
<br /> 5. Hazard or Property Insurance. 8�rrower shall keep the improvements now exicting or hereaRer erected on the
<br /> Ptoperty insumd against loss by fire,hayards included within thc term"extended coverage"and uny other huzard�,including
<br /> , floods or flooding,for which Lcndcr rcquimti insuruncc. This insuranre shall bc maintaincd in thc umounts and for thc
<br /> ' Fornt 3028 9190 (�Xe 2 nfn��Re.�� •
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