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<br /> :> TCK3ETH�R WTFH til the icnpmvcrna�ri pow or lKtaattot eratied on d�e propariy.ad,sll awements,���� '
<br /> f xtutes now or hereafter a p�rt cif the property. Ali rc�la�.�ementR end �clditior►a� ehsll deo � a�vzred by this Seairity
<br /> -=- ___- Insnu�►�ent.AI�of t�e foreficirg 1�rcfcrrr�to i�i this S�citrlty it�,s�niment us the"�'roperty."
<br /> BORR0I�R CAVBNAlVTS�hat Borrawer is tawtl�lty isel!er!of the estate hen�by convyyod end hag Ihe right't�g�nt brd
<br /> comvey the Property and that the Property is unenc�umbcrod. except for encumbnux.�of rocord. Durmwer warr�n4i en�i wi�l
<br /> det'rnd generally the dtle to the Prespe�rty agalnst�11 claimn ard dem�r�ls,Rubjat to eny encumbrarxx�►uf roconl.
<br /> TH1S SECURITX IN5'PRUMBNT combit�es un{fortn aovenanta for nadorwl usn nnd non�uniform coveiunts wlt�limlted
<br /> varlAtians by judsdi�tion to con�titute a uniform socurlty inst�ument rovedng reai praperty. •.
<br /> - � - -- - -, UNJFURIii COVLP3AYJTS.i3urruwcr wui Lc►�d.e covcaattt and agrw,ns fa!loerc: .
<br /> • 1. 1'�yme�t ot P►incip�l�nd �nta�eMi �p�Y�r� Iate Cl�a. Burrowcr stWl promptlY MY when due the
<br /> princlpal of an�'lnterest on the debt evidencai by the Nott and any prepayment and late chsuges due under d�e Nae.
<br /> Z.Fnnds tor T�xes and Imurarke. Subjtxt to appttcabls luw or ta a wdtten waiver by Lender. Sormwer sh�lt p�y ta
<br /> Lender on thn duy monthly payments are clue under the Nate.undl the Note is paid in fup.a sum("Funds")far:(a)yearYy tt�ies
<br /> attd assessmcnts which may attoin prIor[ty over this Sccurity Instrument aa u lien on the Property:(b)yeurly leasehold payments
<br /> � -- or gruu»d re�ts on the Proporty,if aay;(c)yrarly hax�ud or psoperty iusuraace premiums;(d)ytarty tic�nd iasurance premiutz�.t,
<br /> !f eny: fe)Yearly mortguge insutance pnuyiums.if any:and(�any sums payuble by Horrower to Lender.in acco��ca wi�h
<br />- the provfafona af paragr�►ph 8.in tiw of the puyment of mortIIage insurance pnmiums.These items am callod"IIscrow Iiea�s•»
<br /> I.ender may. at aay time.collcct aud hold Funds in an wnount not to exceod the n�aximum amount u lender Por a federuUy _
<br /> [�elete� mortgaga lo:ui mtry require for Borrower's escmw account under the fedeml Real Estate Settlemeut Procedures Act of
<br /> 19T4 t�amendod from tirae to dme, 1?.U.S.C. Section 2601 et seq. ("RESPA'),unless anothet law that applies to the Fuad.v
<br /> sets a lesser amount.��'so. Lender may, at any tlme. onllact and hold Funds in en amouat not to eaceod du lesser anattnt.
<br /> ' Lender muy estImate the t�mount of Fuads due on ihe basis of current data and reasflnable estimatc�s uP expes�ditur�s af fut�te
<br /> Escrovrr items ar otheiaise in aocotdance wlth appllcable law.
<br /> The Fuads sh�ll be held in an instltution whose deposits are iasured by a federal agency. Instcuraentelity,.�tr��entiry
<br /> (inctuding i.ender.if[.ender is such an institution)or in any Federal Home Loan Bank•I.ender shall apply the�unds to pny the :
<br /> Escmw Items. Ixnder muy not charge Borcuwer for holding and applyins the Funds,wmually analyzing the esemw account, or
<br />_ — vedfyit�.the Escrow Items,unlesa Lendec pays Borrower interest on the Funds and appli+cable law pern�its I.ender t�make such
<br /> u charga.Nowever. I.ender may rvguire Borrower to pay a one-dltte charge for aa Indcpendent n�l estate tex reporting setvtsa
<br /> used by Lender iu connectIon with this loan. unless applicable law provides othenvisc. Unless an agreement is made or
<br /> appUcable�aw requires Intemst to be paid, Gender shal!not be requiced to pay Borrower nny intetest or qminga on the Funds•
<br /> Borrowet and I.ender may a$ree in wridn�,however, dist interest shall be paid on the Funds. Lender shaU give co Borrower,
<br /> without charge. ea annunl accountin�of the Funds, showing credits and debits to the Fuads aad We purpose for which each
<br />'-'= - - = debit W the Funda was made.'The Nunds are pie<iged as addirionai security for aii auui�e�u;ure3�,y tttis,°�srii3r�s�sst.
<br /> If the Funda held by Lendcr exc;ead the amounts pemvued to be held by applirable Iaw.[.ender shaU uccount to Bc�trRwor
<br /> for the excess Funds in accordance with the reyuirements of applicuble law. If the tutwunt of the Funds held by Lender at any
<br />_ time is not sufttcient to�ay tfie E�row Items when due,I.ender rttay so natify Borrower in writing,and.in such c�se BorroW+er
<br /> = stwll pay to Lender the sunount aecessary co mske up the detictency. Barrower shnll make up the deficiency in no more than
<br />� twelve monthly payments.at Lend�r's sole discretion. •
<br /> Upon payment in full of all sums secured by this Security Instrurn�nt. C.ender shall prompdy �+efund to Bortoiti-er any
<br /> Funds held by Lender.If.under para�raph 21. Lender shall acquire or sell the Property. I.ender.pripr to the acquisidan or sale
<br /> of the Property.ahall apply any Funds held by L.ender at the time of acquisition or sale as n credIt against the sums securetl by
<br />_ this Securtry Instmment.
<br />:`�' 3.Appl[cutton of Payments.Unless nppltcable taw provides otherwise,all paymenu received by Lender under paragrap6s
<br /> ° 1 and 2 sball be npplied: fitst.to any prepayment cherges due under the Note;second, to antouats puyable under paragreph 2:
<br /> third, to Interest due;foarth.to principal due;and iast.to uny late charges due under the Note.
<br />- 4.Charges;Lieps.Borrower shall pay ull taxes.assessments,charges, fines und impositions attribuwble to the Prop2rty
<br /> whIch may attain priority over thia Security Inswment.und leasehald payments or ground rents, if uny. Borrower sbull pay
<br /> these ablig�ttions in the manncsr pmvtded in paragraph 2.or if not paid in thut marmer,Borrower shall pay them un time direcdy
<br /> •�;':,- to the persan owed payment. Bonower shall prompt{y fumish to Lender all noHces of amounts to be paid under this paragraph.
<br /> ''��` If Borrower makes tAese ayments directl .Borrower shail rom tl furnish to Lencler r�cei ts evidencin the a ents.
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<br />` �<���� Borrower shall promptly discharge any Iten which hrs priorlty over this Security Instniment unless Borrower.(a)a�reES in
<br /> �*`�-��' writin�to the payment of the abligation secured by the Iten in a manner acceptable to Lender:(b)wntests in sood f:iith the lien
<br /> atr,;yr•4e e
<br /> �^ ='�••'�'•`° by,os defends against enforcement of the lien in, legal proccedings which in tl�e Lender's opinian operate to prevent the
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<br /> ,r�.-�k., enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory ta Lender subordtnudng the Iten to
<br /> '���k•� this Secur�ty instrument. if L.ender determines that any part of the Property Is subject[o u lien which may Attain priority over
<br /> �' "��`' this 5ecurity Insuument. Lender may give Borrower a nnttce identifying the lien.Borrciwer shull satisfy the lien or take one or
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<br /> • ;;.�., '�''�"�" more nf the actions set forth above within IO days of the giving of notice.
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<br /> � .v�::�ii"�C: , pe 2 of s Form 3026 8/80 _
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