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<br /> • TOQSTH�fi VY[T�{uli ti�c impravemcnte rtaw on c�renfter erectesf on the property.and ali eaxementfl,�tppurtcnnnceA. � ___
<br /> and fxturea now or heeeafter u purt of tho propeity. AIi replecerttenta und additiona ehall t�RO bci covered by thia Secudty
<br /> - lnstnunenG All af tho foregotng is roferred to in thiR Cecurfty Inauumcrtt ag the"PropeKy."
<br /> ' , , BOgtROWER COV@NANTS that Borrower iR IuwtLlly ReiRed of tho catute heresby canvcycd und hae the dgtat to grant
<br /> '��-_ _ and convey the Pcoperty nnd that tho Praperty ia unencumbered,except for encumbrances of recard. Bamower wurmnts and
<br /> will defend generaqy the title ta the Propecty agninst nll ctatms and demunda,subJect to a►y encumbrances of recot�d.
<br /> .. ' '"'�°"�"""�' THIS SECUI3ITY INS'E'RUMENT combineg unifortn covenanus for national use and nan•uniform covenant� with
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<br /> limited varladona by jurisdictlan to consdtute a unlfom►secudty inserument covcring reut property.
<br /> •�'•�r �%�'��'; UNIFORM COVENANTS. Boaowcr und Lendor cavenant and ngrec as followe: �
<br /> ���!� � ;;�,� 1. Paym�nt otPrinclpal end Interesti PmpAY�ent end I,ate Charges. Bocrower ehall promptly pay when due the �
<br /> ��`';�:�� .. ' pdncipal of and intereat on the debt evldenced by the Note and any prepayment and lute chargea due under tha Note. - _ _
<br /> ` � .�� ' 2. I+�nds for'Ihxes and Iasurance. Subject to applicable iaw or to a wdtten waiver by Lender.Borrower shal!pay to ��
<br /> � ' ''�• � �,'� ;, I.ender on the day monthly payments are duc under the Note.until the Note ia paid in fuil.a sum("Ftu►ds")for. (a)yearly _ --- —
<br /> •:;�"^� � taxes and assessments which may attain priority over this Securi Instrument u�i lien on the Property;(b)yearly leasehold ��_ __ _
<br /> � inRUrnnce remiuma: (d)yeady flood
<br /> paymedts or sround renta on the Property. if a�ry: (c) yearly azard or property p --�°---
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<br /> / • insurance premiums,if any: (c) yearly mortgage fnsurance premiums, if any; and (�eny sums pnynble by Botrower to �_ `
<br /> � = � " Lender, in accordance wtth the provlslons af para�raph 8,in lieu of the payment of mortsage insucance premiuma. These � y,____
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<br /> _r • items are callod"Escrow Items." Lender may,at any time,col(ect and hold Funds in an amount not to exceed the meximum .�;��:__
<br /> � , amount a lendcr for a federally related mortgage loan may require for Bonower s escrow account under the federal Real ���;i�:_w-
<br /> Estate Seplement Procedunes Act of 1974 as amended from tlme ro dme.12 U.S.C.�2601 et seq.( RESPA'7.unless another �
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<br /> •� . law that applies to thc Funds sets a lesser amount. If so,I.ender may.at any ttme.collect and hold Funds in an amount not to � __
<br /> - ---------�--�-- --- �zc,,;,d tl��c lesscr amount. F.ender may estimete thP am�nnt of Funds due on the basiss of current date and reasonable ;
<br /> : , esdmates of expenditures of future Escrow Item+or otherwise in accordance with applicable law. . �.� .. ::...—
<br /> The Funds shall be held in an insdtution whose deposits are insured by a fedcral agency. Instrumentality.or entIty r"'Z.�-,�-y�P,
<br /> � (including Lender.if Lender is such an insutution)or tn any Pederal Home Loan Hank. Lender shull apply the F�ads to pay �.,.,�-
<br /> the Escraw Items. Lender may not charge Borrower for hotding and applyins the Funds,annually analyzing the sscrow .. ___
<br /> . account. or verifying the Bscraw Items, unless Lender Pauir eHorrower ro r a t a o e timench�e fo plan indapendent real � ''`�°"°��
<br /> I.ender to meke such a cherge. However.Lender may mq P Y '>= —
<br /> estat�tax reporting sarvice used by Lender in connectian with th3s loan.unless applicable law provides atherwlse. Unless an __ _
<br /> agreement js made or applicable law requires interest to be paid,Lender shall not be required to pay Borrower any interest or • __ _
<br /> ' � eamings on the�nds. Borrower snd I.ender may agree in writing.hawever,that interest shall be puid on the Funds. Lender L , _
<br /> shall give to Borrawer.wi�hout charge,an annual accounting o f t he Fun ds,s howins credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds wus made. The Ft�nds ure pledged as additional secudry for all sums secured by „ .
<br /> - —_------- ih{SS�CiititylA6GiliitCR2.
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<br /> If the Fundc held by Lender exceed the nmounts permitred to be held by appltcable law, Lender shuli accounc to .
<br /> ; ' Borrower for the excess Funds in ocaordunce with the requiremcnts of applicable law. If the amount of the FundR held by
<br /> " Lender ut any time ir not sufficicnt to pay the Escrow Items when duc,Lender may so notify Boimwcr in wdting,i+nd, in
<br /> • such cuse Borrower shull puy to I.ender the umount necestiury to muke up the deficlency. Bortower Khull muke up the
<br /> � deficfency jn no more thun tweive monthly puyments,ut l.ender�sole discretton. • �
<br /> �� Upon puyment in full of ull xums+ecurcd by this Secur�ty Instrumcnt. Lendcr shuil promptly refund to Banower any ,;
<br /> Funds hetd by I.ender. [f,under puru�ruph 21, Lender shull ucqulrc ar�ell the Propeny,Lender,prinr to the ucquixltinn or '
<br /> �� , sule af the Property,shall apply uny Fund+held by Lender at th�timc af acquisition or sulc as a credit uguintit the sums .y; ,
<br /> secured by this Security instrument. '�'"�
<br /> 3. Applicatton of PeymenR9. Unless uppltcable law pravide+ ntherwlse, all payments reccived by I.ender under ,,,:�j,.,°
<br /> �� � peragrnphs 1 nnd 2 shall bc applted:fint,to uny prepaymcnt charges duc under the Notc:second,to amounts paynble under ••,�:
<br /> , paragraph 2;third,to interest due;founh,to princip�l due;and lust,to any late churges due under the Note. �d�r„-,���
<br /> 4. C h e r g e s; W e ns. Borrowcr shull pa y all taxes, assessments,charges, fines and imposltions attributuble to the • :.-i j l�
<br /> � Property which may nttain priority over this Security Instrument,and leutiehold payments or�roun d cen ts,i f a n y. B o r r o w e r .=��1.,,���'_"-
<br /> shall pay these obligationti in the manner provlded In paragraph 2,or if not paid in that munncr,Bonower shall pay them on �
<br /> � time directly to the person owcd puyment. Boerower shall promptly furnish to Lender ull notices of umounts to be paid under , �
<br /> , • this pars�graph. If 8urruwer �uukes these payments dirccdy, Borrower shull prompNy fumi+h to Lender rcceipts evidencing .. _, }y�'
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<br /> the payrnents. L
<br /> Borrower shall prompQy dischargc uny lien which has priority ovcr this 5ecurity Instrumcnt unlesti Borrower:(a)ugrees ; ,,:-,
<br /> in wr�ting ta the payment of the abligation secumd hy the lien in a manner ncceptable to l.ender;(b)contests in good faith the °-
<br /> lien by.or defends nguinst enforcement oF the lien in,Iegul proceedings which in the Lender's opinion operate to prevent the ��
<br /> � � enforcernent of thc lien;or tc)securcs fram thc holder of thc lien an agrcement satisfactory to Lcnder subordinating the licn _
<br /> � to this Sccurity inswment. If Lender determines that any purt of the Property is�ubject to a licn which muy attain pdority
<br /> over this Security Instrument,Lender may give Bormwer a notice identifying the licn. Borrower shall satisfy ihe licn or take «
<br /> ' � onc or more of the actions sct forth abovc within 10 days of thc giving of noticc. ..
<br /> 5. Hazard or Property Insurance. Borrower shull kecp the impruvements now cxisting or hercafter erected on the
<br /> Property insured aguinst loss by fire,hu�urds included within the term"extended coveragr"and uny other hazards,including
<br /> floods or tloodin�,for which Lender rcquirex insurnnce. This insuruncc shul! lx� maintuincd in thc umounts and for the �
<br /> " Form 3028 9I9D IprrR�1�jb/xtxe�l � .
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