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<br /> .•�:�:�.� TOt3�THBR WdTH all thu improvemenis now on c�rcaftcr crected an tho pmgeriy,and aU euscmcnts� oppurteaances,
<br />--�,;�,�.;�.�� nnd fiaturca nuw or her�nfter a put at thc property. All repincemeats enA additfons etuill also bo cavcral by this Secudty �,
<br /> ---- Insuumen� All of Utv foregoins is c�famed to ie�tt�la Sccudzy Inauument a.9 the"Prnperty."
<br /> '""�:�;�n:..,�. BODtROWER COVENANTS+thnt Borrower�s lawft�lly seised of thc estcito hcreby conveycd and h,a�the ri�t to grant �
<br /> =j=``��--iW���.� uud convey the Pto�rty a�d Rhut the Propc�y is un�nsumberc�,exccpt for encumbrnnces of recdrd. Bv��+nwce wummts und —
<br /> --- � will defend gxneraily the dtle to the PropcYty aguinst�Il claims and demunda.subject to�y encumbrnnces of necard.
<br /> ���� � ry THIS SE�[JRiTY IN�'!'Rl1N�EN'I°combinea unifonn covenants for naslona!use and non•uniform covenants with
<br /> ������� Iisaited vadatto��S;jerlscliction�o�n�timte a w�iform securiry instn�ment coverfn�re�at propeity. —
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<br /> ' -- :. ��� UNIFORM COVBNANTS.Borrower und Lender covenuat and agreo as followa: _
<br /> • ,. ,,,,;}�•-: 1. Paymeat o!PrJndpal ond Interest;Prepayn►ent antl LaYe Churges. Borrower shall prompdy pay when due the ---�
<br /> � principai of und interest on the debt evidenced by th$Noto and any prepayment and late charges due uader the Note.
<br /> - � � 2. Funds for'Itixes and Ias�aranr.�. Subject to applicabte lt►�v or to u written waiver by Lendet.Borrowe�shnll p�ay to
<br /> - � Lender on the day mnnthty payments nre due under the Note,untU the Note is paid in full�u sum("Fanda")for.(a)yetirly
<br /> � �•;.. :, taxes end assessments whicl►may attein prlarlry over this Secur�ty]nswmeat as a lien oa the 6'�mperty:(b)Yetuiy leus=t�old �
<br /> . .' � .. payments or g�+ound rents on the Propetty, if any; (c) Yearly hazand or pmperty lnsurance premfums; (d)Year1Y flood
<br /> " .. iasurance premiums. if eny: (e)Yearly mortgage insurance premiums,if uny:and(� anY sums payable by Barmwer to
<br /> � L,ettsfer.in acoondance with tlte pro�risions of paragraph 8.ia lieu of thapayment of mortgage insurance pnemiums. These
<br /> � iceaus an�¢allod°�scmw Eoerts.°Lender may,at any dme,collect and hold Funds in an wnount not to exoeed the tnaximum __
<br /> '`' amount a te�der�o�a fec�eru,�y reYa.red sx�occgage loan may tequire for Borrower's escrow eccouat under the federal lteal
<br /> , . ;,•7 lEssate Setdent¢at Fmcedu�2s.Rect oF 197�6 e�s am�aded from time to dme.12 U.S.C. §2601 et seq.("RESPA").unless another _
<br /> � ' iaw that appfces to t��I�ds szrs a Eessee acnount. 1�sv,L.ender may.at any time,coUe�t and hold Funds in rin amount not to
<br /> � ¢xceed the Iesser affi.vune. II¢nde�m�gr esamace t[te aa�ount of Elu►ds due on the bmis of cutreat deta and reasonablo �
<br /> ': � ••�. estimates of expenditrares of ffuwre Escrow Heems ar oiRerv+ise in accordance with applicable law.
<br /> � 'Itee Fy�ads s�tall be held in a�insdtu6on whose dsposiu are ins�u�ed by a federal agency,insuumeutaUty,or entity
<br /> -- (iacluding L.ereyt:a,if I.ender is such aa instetecdon)or in any Fect2rai D�Ilo�me Loan Sank. Lender shaU apply the Fhnds to pay �^�_
<br /> ' tk«�scrow Items. I.eader naay not charge Bomower for holding and apptying the Fuads,annually anulyzing tb�escso�rr
<br /> • . 2mnun� or vedfyiag the EscQOw Items,unless L�rtder pays Borrower interest on ttne Funds smd applicabte lavr��cnics
<br /> ^ , Ler��er to make such a cinarge. However,I.ender ivay maquire Bamower to pay a one-tune chtuge for an�eadep�rcdeu4 real
<br /> estate tax reporting service used by Lender in wnnecaom with this loan.unless appl3cahYe 1�w psovi�s othenvise. Unless an
<br /> ° ° agreem�nt is made or applicable law cecguines interest to be paid.Lender shall not be req�eiir¢d to�ay�orrower any interest or
<br /> • " �� eamings on the Funds. Bomower and L.ender may age+ee in writing,bowever.that inte�est s➢nall�p�d on the I�rnds. Lender
<br /> �� - shall give ta Borrower.without charge. an annual accountIng of the Funds,showing cmzdies aad d�a6its to the Punds and the
<br /> •� �� geurpose for which each debit to the Funds was made. The Funds are pledged as additi�naD secnuiry for all swns sec�d by
<br /> - °, Qti;s Secor�ty Instrument
<br /> �., If th� Fu�ds held by Lender eacee,d shs amounts permitted to be held by applicable law. Leuder sbett account to °
<br /> " Borrower foa che excess Funds in�ccorda�s�e with the�qui�ments of applicable law. If the araon�nt af the FLnds held Qsy
<br /> Lender at amy u�ne is not su�cient to pay the Escrow Items when due,Lender may so notify Bc�a�cnwer in writing,and iA =—
<br /> sucfn case Boirower shall pay to i.ender the amount necessary to make up the deficiency. Born�a+;�Eff shall mahe up t�e .�,_
<br /> �e�ciency in no more than twEi�e rmonthly payments,at Lender's sole discredon. R-_
<br /> Upon payment in full 06 all�ums secured by this Security Instrument,Lender shall pmmptiy refund to'8varower any ;:r
<br /> Funds held by Lender. If,under parngrnph 21,Lender shall acquire or selt the Property,Lender,prior to the acquisition or ;.�;:
<br /> �• , sale of the Property, shall apply amy Funds held by Lender at the time of acquisidon or sale as a credit against the sums >-_
<br /> " ,,. secured by this Securiry Instrumenc.
<br /> " ��r : 3. Appltcadon of AaymemIIs. binleys applicable law provides otherwise. all payments received by Lender under - _
<br /> �;�r,�•�;�;, paragraphs I and 2 shall be applicc9:first,to any prepayment charges due under the Note;second,to amounu payable under
<br /> r',':�;;�"'� paragraph 2;third,co interest due;ff�urtfi,to principal due;and last,to any late charges due under the Note.
<br /> ���'• 4. Charges; Uens. Bortower shall pay all taxes, assessments, charges, fines and imposidpns attn'buIIable to the
<br /> �, Property which may attain prioriry over this Secwity Insuument,and leasehold payments or grounsl rents,iF any. Botrower •
<br /> • shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrower sfiull pay them oa n .,
<br /> '"'� • time direcdy to the person owed payment. Borrower shall prompdy furnish to Lender all notices of amounts to be paid under
<br /> �. this paragraph. If Borrowee�rnakes these paymenes directly,Borrower shall promptly �amish to Lender receipts evidencing
<br /> ;',`�..,� the payments. °
<br /> " • �,� Borrower shall promptly discharge an} lien which has prioriry over this Security Instrument unless Borrower:(a)agrees
<br /> � ��,��? in writing to the payment of the ubligation secured by the lien in a manner aceeptable to Lender;(bl contests ia good faith the
<br /> � • . :'.I�,�' lien by.or defends against enforcernent of the lien in,legal proceedingx which in the Lender's opinion operate to prevent the
<br /> .v`f � enforeement of the lien;or(c)secures frum the holder of the lien an agreement satisfactory to Lender subardinating the lien
<br /> to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may�Attain priority
<br /> � over this Security Instrument,Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take
<br /> ' one or more of the actions set forth above within 10 days of the giving of notice.
<br /> ' S. FHa�rcD or Property Insuramc�. $orrower shall keep the improvements now existing or hereafter erected on the
<br /> Pcoperty insured against lass by C re,hazarels included within the term"extended coverage"and any other hazards,including
<br /> �aods or flooding, for which Lender requires insuranre. This insurance shall be maintained in the amount� �nd for the
<br /> , Form 3028 9I9O IpaRe 2 nj6 pagesl
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