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<br /> .74
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<br /> 94, jLo,%
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<br /> TOGETHER WITH aid dhe improvements now or hereafter erected on the property, and all easements, apourtenances,
<br /> and fixtures now or hereafter a pan of the propect}'. All replacements and additions shall also be covered 1 y this Security
<br /> Instrumem. All of Lire foregoing is refen-eel to in tliis Security Instrument as the "Property."
<br /> BORROWER COVENANTS that Ru:moo rc; is lawfully seised of the estate hereby conveyed and has the right to grant
<br /> and conve, the Property and that the Property tr unencumbered, except for encumbrances of record. Borrower warrants and
<br /> will defend genemlly the title to the I'tvperty against all claims and demands, subject to any encumbrances of record.
<br /> THIS SECUR T`f INSTRUMENT combines uniform covenants for national use and non-uniform cc_-enants with
<br /> limited variations by jurisdiction to constitute a uniform szcurity instrument covering real property.
<br /> UNIFORM CO`v ENAN'rs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest; Prepayment -and Late Charges. Borrower shall promptly pay when due the
<br /> principal of and interest on the debt evidenced by the Note ,ut, I any prepayment and late charges due under the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to
<br /> Lender on the c:ay monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") for (a) yearly
<br /> taxes and asks>ments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold
<br /> payments or ground rents on the Property. if any, (c) yearly hazard or propew! insurance prrrniums: (d) yearly flood
<br /> insurance prenoums, if any: (e) yearly mortgage insurance premiums, if any; and (f) any Burns payable by Borrower to
<br /> Lender, in accordance with the provisions of paragraph 8, in Ecu of the payment , f mortgag;= ir.-~urance premiums. These
<br /> items are called "Escrow Items." Lender may, at any time, collect and hold Funds in an unount not to exceed the maximum
<br /> amount a leader for a federally related mortgage loan may rcgOre for Burrowers escrow account under the federal Real
<br /> Estate Settitment Procedures Act of 1974 as amended Enm tip to time, 12 U.S.C. § 2601 et seq. ("RESPA"), unless another
<br /> law that applies to the Funds sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to
<br /> exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data and reasonable
<br /> estimates of expenditures of future Escrow Items or Otherwise in accordance with applicable law.
<br /> 'T'he Funds shall be held in an institution whose dep~yits are insured by a federal agency, instrumentality, or entity
<br /> (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay
<br /> tite Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow
<br /> account, or veri`%ing the Escrow Items, unless Leander pay! Bormwer interest on the Fund> and applicable law permits
<br /> Lender to make such a charge. However. Lender may require Borrower to pay a one-time charge for an independent real
<br /> estate tax reporting service used by Lender in connection with this Imm, unless applicable law provides otherwise. Unless an
<br /> agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or
<br /> turnings on the l=unds. Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. Lender
<br /> shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the
<br /> purpose for which each debit to tae Funds was made. The Funds are pledged as additional security for all sums secured by
<br /> this Security Instrument.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to
<br /> Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by
<br /> Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in
<br /> such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> dcf,'-Jency in no more than twelve monthly payments, at Lenders sole discretion.
<br /> Upon payment in full of all sums secured by this Security Instntment, Lender shall promptly refund to Borrower any
<br /> Funds held by Lender. If, under pa.±graph 21, Lender shat! acquire or sell the Property. Lender, prior to the acquisition or
<br /> sale of the Property, shall apply a.ay Funds held by Lender at the time of acquisition or sale as a credit against the sur:u
<br /> secured by this Security Instrument.
<br /> 3. Application of Paymentti. Unless applicable law provides otherwise, all payments received by .Lender and ;
<br /> paragraphs 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second, to arr'sounts payable under
<br /> paragraph 2; third. to interest due fourth. to principal due; and last, to any late chargcs due under the Notc.
<br /> 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br /> Property which rniay attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower
<br /> shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall pay them on
<br /> time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under
<br /> this paragraph. If Borrower makes these payments directly, Bot;awer shall promptly furrash to Lender receipts evidencing
<br /> the payments.
<br /> I3ormwer shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees
<br /> in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the
<br /> lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br /> enforcement of the lien; or (c` secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien
<br /> to this Security Instrument. 1 ` 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 cr more of the actions set forth above within 10 days of the giving of notice.
<br /> 5. Hazard or Property Insurance, Borrower shall keep the improvements now existing or hereafter erected on the
<br /> Property insured against loss by fire, hazards included within the term "extended coverage" and any other hazards, including
<br /> floods or flooding, for which -Lender requires insurance. This insurance shall be maintained in the amounts and for the
<br /> Form 3028 490 (page 2 of 6 r"xes)
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