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<br /> T(K;ETFtER WITR nll the improvementa now an c�renftcr erectcd on tho property+.�nd ull easements,appurtcnanecs,
<br /> artd fixtures now or hercutter u part uf the prnperty. All eeplacements and additfons shall nlso be covered by thi�Secarity
<br /> lasuumen� Ail of the for�gotng ia referrtd to in this Sceudty Instrument as tiie"property."
<br /> BORROW�R.COVENAIJTS that Bonower ia lawfially scised of the estnte hereby conveyed and has the dght ta grant
<br /> tutd canvey the Prope�ly and tl�at tha Proptrty is unencwnbered,excepx for encumbrances of recoM. Bomower warranta snd
<br /> ' wUl defend generally the dde ta t4e Fmperty against all claims nnd demands.subjett to uny encumbrnnces of ncord.
<br /> THIS SECURITY IIN1S'iTtIJM�DIT' corabla�s uaif'arn� �ovenanzs for national use und aon-uniform cove4nnts ���ith
<br /> limita!vnrlations by judsdlcdon ro conadwte a w�lform secudty insttuument covesing�eut property.
<br /> UNIFORM COVENANI'S. Borrower nnd L,ender covenant sind agree as follows:
<br /> 1. Pr+yment ot Prtudpol ond Interest;Prepayment and I.atc Chorges. Homower shull promptly puy when due the
<br /> princ� of nnd iater�st on tde debt evfdenced by the Note ciad any prepaymeat►utd late cherges dua uader tho Nou.
<br /> �Funds fur'lluces Aad Iffiuranec. Subject to applicable Iaw or to a writtea wulver by I»ender,Barrowe.r shaU puy to
<br /> Lender on the day manhly payments ane due uader the Note,until the Note(a paid ln flill,a sum("Funds")for. (a)yearly
<br /> lexes and assessments which u�ny attain prlorlty over this Security lnsaument as a Uen on the Propetty;(b)yearly le�sehotd
<br /> puymeats or ground rents on the Ptoperty. if any; (c) Yearly lw7srd or pmperty insurance piemiums: (d) Yeariy flood
<br /> � ; insurance premiums. U any:(e)yearly mortgage insurauce premiwns,if any: end(�aay sums payable by Boirower w
<br /> :,� .�° Lender.ln uccordance wltb the provIstans of paragraph 8.in Ileu of the payment of mortgnge inswance premiums. These
<br /> �����'��,' items scse called"Escmw Items" Lender may.at any time,collect and hold Pl�nds ln an amount not to eaoeed the mauimum
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<br /> y�+ �n�: amount u lender for a federaily relate�mortgage loan may require for Borrower's escrow accouat uader the federal Itcal
<br /> N?S�.`,
<br /> +,�sl Estata Settleraeat PracMures Act of 1974 as auxnded from dme to Wne,12 U.S.C.�2601 et seq.("RESPA").unless another
<br /> -.•-•��,�;,r:.{�.� faw thut applies to the A�ads sets u lesser amounG If sa,I.ender may,at oay da►e.colleet and hold Funds In en amount not w
<br /> t• ;• ,�-. exceed the lesser amoun� Lender may estimate the amount of Funda due an the basis af cument data end t+eaconable
<br /> �'W�.�.••: esdmates of eac nditwes of future Escrow Items or otherwlse in accordance with a licable law.
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<br /> '''` � ' The Pt�nda shall be held in an institudon whose deposlts ere insum.d by a federal agency.inatcumentality. or endty
<br /> "`�;;:!:;•;•:��;'�?,� (iacludIng Leader,if Lendet is such an insdtudon)or fa any Federal Nome L.oan Bank. L.encler shall apply the F1mds ta pay
<br /> the Escrow Items. L.ender may not charge Bc+rtower for holdfn�and applyfng the Punds,annually aaalyzjng the escrow
<br /> ;��:.:�.: ; � -:;. account, or verifying the Sscrow Items. unless Lender pays Borrower interest on the Funds and appAcable law pemdts
<br /> `.�° `�' • i.ender to make such a charge. However,L.ender may requ��Borrower to pay a one•time charge for an iadepeadent msl
<br /> �F;.Y: , estate taa regottitig service used by Lender in connectton wIth this loan,ualess applicabie law pmvtdes otherwise. Ualess an
<br /> � agmxment is made or eppllcable law requires interest to be paId�nder shall aot be requlred to pay Borrower any inte�+est or
<br /> ,. a eamfngs on the�nds,Sotrower and Lender may agree ia wrlting.however.that interest shall be paid on the Funds. L.eader
<br /> �.. shall give to Borrower,without charge,an annual accounting af the Funds. showtng credits and debits to We PUads and the
<br /> �� purpose for which each debtt to the FLnds was made. The Funds are pledged as addidonal secur�ty for aU sums secured by
<br /> .. thts�ecutity iasuumeai.
<br /> • •• If the Flinds held by Lender eaceed the umounts permlued to be held by applicable law. L.ender shaU account to
<br /> ':.'?:;,,;° Borrower for the excess�Lnds in uccocdance wlth the requtremeats of applicable law. If the amount of the P�nds held by
<br /> Lender at any time is not suffic�ent W pay the Escrow Items when due,Lender may so notify Bomower M wridng.aad ln
<br /> «,��:"�'�'t such cas� Borrower shall pay to Lender the amount aecessary to make up the deficlency. Borrower shall make up the
<br /> '�'"':"'�'� deficiency in qo more than twelve monthly payments,at I.ender's sole dIscredon. ''
<br /> .,,;:
<br /> ' � � �'e• Upon payment Ia full of all sums secuc+ed by this Securlty Instnimea�Lender shall promptty refund to Borrower aay f�,�>
<br /> • . •:��;; Flmds held by L.eader. If.under paragraph 21,I.ender shaU acquire or sell t6e Property.Lender.prior to the acquisition or
<br /> " . sale of the Property. shall apply any Hlmds held by I.ender at the time of acquisition or sale as a credit against the sums '
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<br /> ,, secured by this Security[nswmeaG
<br /> . . 3. AppUcation of Pgymenta Unless appIicable law provldes othenvise,all payments�+eceived by Lender under
<br /> � • paragraphs 1 aad 2 shaU be applied: fits�to eny prepayment charges due under the Note;second.to emounts payable under
<br /> • , psragraph 2:third,to iaterest due;fourth,to prtnctpal due:and las�ta�snY late charges due under the Note. —
<br /> � 4. Charges; Uens. Borrower shall pay all taxes,assessments,charges,fines and impositioqs atuibutable to the
<br /> • � propeRy which may aaein priority over this Security Instn�menG and leasehold payments or ground rents,lf any. Borrower
<br /> • shalt pay these obligadons in the manner provided in paragraph 2.or if not paid in that manner.Borrower shall pay them on
<br /> � „ dme dire�dy tu the pecson owed payment. Borrower shall pmmpdy furnish to Lender ull no�ces of amouats to be paid under ,
<br /> this paragraph. If Bomower makes these payments direcdy,Borrower shall promptly furnish to I.ender receipts evidencing
<br /> • '�` thepayments. •
<br /> ° � ��" Borrower shall prompcly discharge any Ilen which has priodty ovcr thi s Security Instrument unless Borrower.(a)agrees
<br /> ' in writing W the payaieat of the obligadon secured by the llen in a manner acceptable to Lender,(b)contests in good faith the
<br /> �E�'��; �° Uen by.or d�fends against enforcement of the lien in,legal proceed{n�s which in the I.ender's opinion operate to pnevent t6e
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<br /> , •r.•. •� enforcement of tt�e liea;or(c)secures fmm the holder of the lien an agreement sarisfactory to L.ender subordinating the lien
<br /> " � to thts Securiry InstrumenG If L.ender detecmines that any part of the Prop�rty fs subject to a lien which may attain prioriry
<br /> ' .� � over this Securlty Instcumen4 L.ender may give B�rrower a noHce identifying the Uen. Borrower shall satisfy the lien or take
<br /> ""�`�°'• one or more of the acdoas set forth above wlthin 10 days of the giving of notice.
<br /> �� ' 4, �rd or Prr�perty L�surence. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> � Property iasured agaimt loss by fire.hazards included within the term"extended coveragc"and any athcr hazards.in�luding
<br /> r� floods or flooding, fa which Lender requires insurance. This iasurance shaU be maintained in the amounts ac�d for the �
<br /> � .. Eorm 3028 9190 (pa8e 2 oj6 pagrr)
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