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<br /> TOf3�'171@R Wi'I'H nl!tho Im�avcmenta naw�on c�reAftcr erected on the property.und ali casemcnt�,ap�urtengnces.
<br /> i snd tixtures now or hereaRer n pait pf thc �mpccty A�I replaccmcntR and additions ah�ll al�so be cavacd by thie Sccudry
<br /> lnstcument. Ali ot the forcgoing iR roferred to in this Securiry Insbument a4 the"Property."
<br /> � BaRROWBR COVLNANTS ihat Ht�sawer is lawfLlly�elscd of thc estate hereby convoyed an8 has the dght to grant
<br /> � ond convcy tho Pra�scny and that the Property la uaencumbered,except far cncumbrances of recani. Barrower wartantx and
<br /> � will dafaul�eneni�y the titlo to the Prope►ty agninst ali clul�iie uncl dc�unets.subject to nny encumbmncss of recorcl.
<br /> � THIS SECURITY INSTRUMEIVT combines unifortn wvenante for nntional uso and non•uniform covenanta with
<br /> limited varlatlone by Jurisdicdon tn consatute n unifom�secuttry instrument covedng real propecty.
<br /> [7[VIFORM COVENANTS. Boaawer and i,endcr covenuat and agree as follows:
<br /> 1. �ynaent oi Prindpal and Intereat;Pt�epnYment and tatte Chargea. Burrower shnll prorr:ptly puy when due the
<br /> pdncl of s►ad intenst�n tho debt cvIdenccd by tho Noto artd any prepayment and lute churgea duo undcr the Note.
<br /> � I�ads tor'lluca a�d Iasurance. Subjcct to upp]icable!aw or ta u wrttten wai�er by Lender.Borrower ahell pay to
<br /> Lender on the day monthty payfients ure due under the Noto.undl the Note is patd in full.u Rum("Fw►da")for:(n)ywrly
<br /> ! ta�ces ond assessmenta wdich raay au�aia pdodtY over this Seciuiry Imsdument as a lien on the Propertgr:lb)yearly leusehold
<br /> paymenta or gmund rents on the Property.�f any: (c) Yearly hazard nr pmperty lnsurance promiums: (d) Y��Y fl�
<br /> inswartce promiums.if any; (e) yenrly�nortgage insatance prcmlums.if uny: �nd t� auy su�►s paynble by Borrower to
<br /> m
<br /> Lender,in occordance wlth the provistons of paregr�ph 8,in Ueu of the puyment of mortguge Insurunce pnmiums. These
<br /> ttein,y are callod°Escrow(tems." I.ender may,at pny tima�coUect and hold Funda in nn amount not w escxed the rauximum
<br /> aznouat a lender for a fedemlly related mortgage loan ma�r cequire for Borrower�escmw account under the federW Real
<br /> Estate Settlemeat Pc+ocedares Act of 1974 as amended frou�time to time,12 U.S.C.§26t11 et seq.("RFSPA").uniea4 anather
<br /> law that appUes to the Funds sets a lesser emoua� If so.Le�tder may.at any time,collect aad hold Flutds in an amount not to
<br /> �..,,':,� exceed the lesser amoun� �.ender may esdmate tGe amount of Fuads due oa the basls of cutrent data and reasonable
<br /> estlmates of expeaditures of fuwre Escmw►[cems or otherwIse in accordence with appUcnble law.
<br /> 'fhe Funds shaU be held in an insdtudoa whose deposits ua Iasured by a feders►I asency.insawnentality.or endty
<br /> �y��` (including Lender.�f Lender is sach aa insdtution)or in any Federal Home L.oan Bank. Lender shell apply the F1►uda to pay
<br /> the Esec+ew Iteme. Leader may not charge Boiroveer for holdIng and applying the Fhnds, annuaUy analYzin8 the esctow
<br /> account,or verlfying tbe F.semw+[tems. uniess uAder pays Bo�rower interest on the Fuads and applicable law pemiits
<br /> Lender to make such a cherge. Howevec.Lender rauy require Borrower w pay a one-dme charge fvr aa independent real
<br /> estatc ta�c reporting service used by Lender In conrtecdoa with this 1oan.unless applicable law pmvldes otherwise. Unless An
<br /> agreement is made or applicable law requires interest to be paid.Lender shall not be required to pay Barower nny Interest or
<br /> camings on the Punds. Borrower and I.ender may agreE in writing,however,that interest shall be paid on the Funds. l.ender
<br /> �g{ve u�Bart+�wer:wtthout char�e,an annual accoundng af the F1mds,showing credlts und debits to the FUnds and the
<br /> Pucpose for whieh each debit to the F'unds was made. The Flu�ds ere pledged as addiponat security fut alt stuits secur�d hy
<br /> this Securlty Ipsuumeat
<br /> If the Funds held by Lender exceed the amounts pem�itted to be held by applicable law,Lender shall account to .
<br /> Borrower for the excess Funds in accordance with the cequir�ments of applicable law. If the amourt of the FLnds held by
<br /> Lender at any time is not suf8cient W pay the Escrow Itetas whea due.Lender may so notify Bomower in wrltiag,and.in
<br /> such case Borrower shall pay to Lender the amount necessary co make up the deCciency. 8orrower shall make up the
<br /> deficteacy in no more than twelve manttily payments,at Lender's sole discretion.
<br /> Upoa payaient in fall of aU s�uns sccured by this SecurIcy Instrumeat,Lender shall pmmpdy refund to Horrower eny
<br /> Furtds held by Lender. If.under paraBceP�21.Lender shaU ac9uire or sell We Property.Lender,pnor to the acquisition or
<br /> sele of th� Property,shall apply any Funds held by I.eader at the tlme of acquisition or sale aa a credit a�ainst the sums
<br /> secured by thi.4 SecurIty Instrumen�
<br /> 3. Appt�cation ot Playments. IInless applicable law provides othecwise. aU payments received by I.ender uader �4
<br /> paragraphs i and 2 shall be applied:Firs�W any prepayment charges due under the Note:second to emounts payable under
<br /> paragraph 2;tt�ird,to interest due;fourth.to princip�t due;and last,to aay late chorges due under the Note. ..:F
<br /> 4. Chatges; Ltens. Borrower shall pay aU uuces. essesscneats. charges, fines and tu►positions attrlbutable to the �:"
<br /> property which may auain prlorlty over this Secnrity Insuument,and leasehoid payments or ground rents.if aay. Horrower
<br /> shall pay these obligadons ia the manner pmvided in parsgraph 2,or if not pa[d In that manner.Borrower shall pay them on ;
<br /> ttme dlrectly to the person owed payment. Bomower shall pmmptly€umish to I.ender ull nodces of amounts to be paid under °,,�,
<br /> tl�is parngraph. If Borrower malces these paymenta dtrecdy,Borrower shatl pramptly fumish to Lender receipts evidencing
<br /> the paymenta. ..
<br /> Botrower shall promptly discharge any lien whtch has priorlry over this Security Instr�ment unless Borrower.(a)agrees .', �
<br /> in wrlting to the payment of the obligadon secnred by tlie lien Itt a manner acceptable ro Lender.(b)contests in good faith the
<br /> llen by.or defends agaiast enfo:remeat of the llen in.legal proceedinBs which in the Lender's opi�ion operate to prevent the
<br /> re
<br /> enforcement nf the llea;or(c)securea from the holder of the lien an agreement sattsfactory to Lender subordinaang the lien
<br /> to tbis Security Inst�umen� If Lender detemiinB�aWan a p��iden���theslien.j Botrrower hall�sfy thee li�en or�take
<br /> over this Securlcy Inswment,Lender may gi �� �;
<br /> oae or more of the acdons set forth above within 10 days of the giviug of notice. :
<br /> g� He�rd ar pi+uperty Tnsurance. Borrower shall keep the improvemen�g ao�v cxisdng or hereufier erected on the �:�..
<br /> property insured aseinst loss by fire.hazards inciuded within the term"extended coverage"aad any other h�zards.incladjng
<br /> ,�;'� floods or flonding.for which L.ender requires insurance. This insurauce shatl be malntained in the amounts and for the ,
<br /> F1urm 3028 9I90 (pn8e 2 oj6 paget)
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