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<br /> s �, o- - 'IY�iF.THER 1VITE1 all th�imprnvsments now QM hcrcaQer encted an ihe pntptny.und all cpscttxnts,app�rtrnance�,
<br /> � and fixtures now ac hereafter a part of the property. A!1 repl�cemsnts a�xl udcIItla�H Ehell also bc�cavertd by Ihtg Sec:urity
<br /> tnstrGment. All of d�a faregoing is refemcd to in this Sccurlt�►lnstrumsnt a3 thr"Property."
<br /> B6YtRnWER COV�NANTS thAt Borrower ls IuwfLlty�ised of ttb estato hemb3�caovayed and hae tho d�ht tn grant
<br /> a�!convcy thcprc�riy unri tri�t ttw Property is unencumbcrcd.exccpt for encumbrances af recard. Fl�nawer wxrran49 aud
<br /> will defcnd ghxaidy the titfe ta thn Pmperty aBaiest di cl�ma md demands.KubjeEt ta�ny encumbrufces oP eecnrd.
<br /> _- THIS SECtJR1TY IN5TRUMENT cambiney unlfionn covenants for national use nnd non•unlform covenantA with
<br /> � �' limited varladons by jur�sdic-tt�to consdtute a uniform securtty instrutrnnt covering real ptopattyr• '
<br /> LJNIFORM CdN�NAN'�'3. Borrower nad i.ender covenuat and egree na foltows:
<br /> 1. Pl�yment d Principd�ad Intercsl;Pre�ayment and LYte Clu��es. Bo�rower shull promptly�ay when due tho
<br /> p�incf�sxl af and iimnst on the debt evidenced by the Note wtd auy prcpayment and late charges dne under the Nou.
<br /> 2. FLnd�ior 71ura and i�uranoe. Subjxt to sippUcuble law or to u wrttten w�ivcr by Lender.Bonower shail pay co
<br /> Lender on Ihe day monlWy paymenta uro due under thc Notc,until We Nou is paid in full,a e�un("Funds")for.(�)yearly
<br /> �-°�°=.F-=�-� taxcs and ass;.ssuact►ts which rttay attaia priotity over lhis Securlty Instruu�ent as a lleu on tke Pmpaty:(b)Yearly le�3schold �_
<br /> payments or ground cients na the Prop¢uy. if any; (c) Yearly ha�.nrd or propeny Insuranoe pi+emiums; (d? Y�y fl�
<br /> insucance pt�emiums, If siny; (e)yeiurly monguge insurance pnmiums.if any;und (n any �um.g ps►yabla by Horroaer to
<br />= Lender,in accordance with the pmvisions af parngmph 8,in lieu of the payment of mortgage insurnnr�premiums. 1ltese
<br /> _ itcros ar�called"Escrow Itans." Lcnder may.at any tune,coUect aad hold Funds in an amotuu not to exceed th�maximum
<br /> amount a leftder for n fedetally related mortgage loan msy �qulie for Boirowa's escrow aoconnt under the federel Re�:�ll
<br /> ` Estate Settlemeat Procedures Act of 1974 as amended from aime w dme.12 U.S.C.§2601 et seq.("R�SPA"),unless acwther
<br /> law that applles to the E�Unds sets a lesser emount If so,I.ender raay.at any t�me.collect and bold Funds fn an ainount not to
<br /> - e�ceed th�e•Iesser amoun� Lender may estimate the amonnt of F�nds due on the basis of curtent duta und re�samable �-
<br /> esdmaus of eapendipues of fuwre Escrow Items or atherwise in accordance wIW appllcable law.
<br /> The Funds shall be held in an insHtutIon whose depaslts are insuned by a federal agency. instivmentalIty, or entIty
<br /> _ — (includiteg Exnder.if l,ender is such nn insHtudon)or in any Federal Home L.oun Bank. Lender shaU apply the Funds to pay
<br />- - - the Esc�ow Itetns. L.ender may not charge Borrower for holding nnd applyiag the Funds.annualty analyztug the escrow -
<br /> — accounL or verifyla�the 6scrow Items.uuless i.ender pays Borrower interest on the Funds aad appllcable law parmits _
<br />= _= I.ender to make such a ch�e. However.Lender may iequire Bomower to pa.y a one-time charge fot aa judependent cc�l =.
<br />',�m��. esmte tex reporting senz+ce used by I.ender ia connectlon wlth this loan.unless appllcable law provldes othezwlse. Ualess aa
<br /> agreemeni is made or applIcable law r8q�i�es intcrest to be paid,Lender shull not be�equired to pay Batrower any iaterest or
<br /> eamings on t�e Funds. Bom�wer stnd L.ender rauy agree in wridng.ho�vever.that interest shall be paid on the Fuads. L.ender
<br /> shaU give w Bonuwer,wtthout charge, nn aanual accoundng of the Fhads,showln�cred�ts und debits w the Fuads aad the
<br /> putpos�for whtch eac6 debit to the F�nds wAS made. Ttie Htinds are pledged as addidon�l securiry for aU sums serumd by _
<br />- - -- _� this Seturltv Insuutnent ".
<br /> If ti�e 4�nds held by Lender exceed the amoum¢s permitted to be held by applicable law.Lender shalt accotmt to
<br /> � Bom�wex derr U�e excess Ft�nds in accordaace with the mquirements af appltcable law. If the aauount of the Funds held by
<br /> + i.eader at any dme Is aot sufRcient w pay the Sscmw Items when due,L.cnder may so aotify Borrower jn wrldng,and.�
<br />_ - - such case Barrower shall pay to Lender the awount aexssary to malce up the deficiency. Bnrrower shaU make up the
<br /> defictency in no ma��h�en twelve monthly payments,at Lender�s sole disctetion. _.
<br /> { Upon payment in full of alt sums secumd by this Securiry Insuumen�L.end�a shall promptly refund to 8ortower any [rr;.°-
<br /> Funds held by L.ender. �f;�tnder para�raph 21.Ixnder shaU acquire or seU the Pcopercy.I.endet.prior to the acqWsidon or !'-.':`"
<br /> sale of the P[operty. shall apply am finnds held by Lender at the time of ucquisition or sale as a credit against the sums
<br />_ ';s� secured by this Securiry Insdument. --
<br /> 3. Apptkation of Payments. BJnIess appGcable law provides otherwise,all paymenta c�eived by Leader uad$r _
<br /> patagiraphs 1 end 2 shull be applied:flrst,w any prepayment charges due under the Note;second.to amounts payabie under
<br /> puragraph 2;third.to interest due;foutth.w principal due:nnd last,to any late charges due under the Note. -�
<br />- 4. Chargesj Llens. Bomower shall pay all taxes, assessments.char�es,fines and impositions attributable ta the -__
<br /> Pic�upe�ty which may attain priorlty over this Security Inswmen� aud leasehold payments or ground rents,if eny. Borrow�r F-.r„
<br /> shall pay these obllgutIons In the manner provided in paragraph 2.or if not paid in thut manner,Borrower shall pay thera on C_,�
<br /> time dimcdy to the person owed paymenG Bortower shutl prompdy fumish to I.ender all noflces of amounts to be puid under _
<br /> this psuagraph. If Bormwer makes these payments directly. Boreower shal!prompdy fumish to Lender receiptc evIdencIng ��_:
<br />„ the payments. :`x".'"
<br /> Botrower shall pro�ptiy dischurge any IIen which h�s priority over tids Security Instrument unless Borrower.(a)agrees
<br /> in wrlting to the payment of the obligarion serured by the lien in a manner acceptable W Lender,(b)contests fa good faith the
<br />.- -;,,,;� lien by,or defends ugainst enforcement uf the lien in,legul pmceedings which in the I.ender's opinion operate to prevent the ;`;�.
<br /> enfo�ement of We llen;or(c)secures from the holder of the lien an ng�eement sadsfactory to Lender subordinating the lien -
<br /> - - to this Security Insuumeat Cf Lender determines thut eny pan of the Property is subject to u Iten which may aeta[a priority ' �
<br />_ over this Security Instrumen�Lender treay give Bomuwer a nodce Identifyiag the liea. Borrower shall satisfy the lIen or take
<br /> one or mole of the acHons set forth above withia 10 days of the gtvin�of notice. � �;;
<br /> S. Hazard or Property Insurauce. Bormwer shall keep the improvements now existing or hereafter erected on the ,.
<br /> Pmperty iasumd against loss by fire.hsizazds included within the tenn"extended covetage"nnd any other hezards.including
<br /> � tloods or flooding,for whtch Lender requires insurance. This insurance shall be mainteined in the iunounts and for the '
<br /> 1 bbrm 3028 9190 (page 2 oj6 pagea) ,
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