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<br /> TO(3ETHBlt WITH Wl the improvements nnw or herr.�ftor erxted on th�preperty,and all tasementA,a�puntru�nor.�,+�M ;,
<br /> fixtures now on c�reuftcr u part off tho pmp�ny. Alt replacements and addltions shuil ulso he �vered hy this Sncurity
<br /> Instrumcnt. All af the foregoing is rcfcrrod to in tbis S�:cudty Insarumcnt as ihe"Prap;.i�y."
<br /> BC�RRAW�R COV�NAN'tS that Bonower ic:lawfully�cised af thc cstntc I�crct�y conv�ycd cutd lins tl►o rl�hl tc�graat cuid
<br /> a►nvey the Prop¢rty cuid thxt the Prope�ty!s unencumbered, exc�pt far encumbranees of recald. i�utrower warrante�nd wjll
<br /> defend genemtly thc ttde to thc PrAperty n ainst nll claims und demands,subjcct to nny ennumbrsnces of recard.
<br /> THIS SECURITY INSTRUMENT�ombines uniform wvcnanta for nudonW use und non-unif�rm covenante with limited
<br /> vuriations by juriFdiction ta rnnstitute a unlform sccudty instrument covering reui prapeny. '
<br /> UNIPORM CUV�NANTS.Horrower and l.endcr covenunt unJ ogree as folluws:
<br /> 1. Payment ot Ftincipu! and Interest; Prepwyment and Late Charges. Borrower shall pramptly pay when due tho
<br /> principal of s►rrtd interest on the debt evidenced by the Note nnd uny prepuyment and late chnrges due under the Noie.
<br /> 2. Funds tor Taxes and Insurance.Subject to upplia►ble law or to a wdtten wniver by Lender. Borrower shal! pny to
<br /> L.ender on the day monthly puyments nre due under the Note.until the Note is puid!n full,u sum("Funds")for:(o)yeatly Uucrs
<br /> and assessments which may attain priority over this Sccudty Instrument as a lien on tha Property:(b;yesuly leasehold payments
<br /> ar ground rents on the Property.if any;(c)yearly hazard or property insurunce pren�lums:(d)ycarly flaud insurunce pre�iums.
<br /> if any: (e)yearly mort�age insutance preiniums. if any;and(�any sums pnyeble by Borrower to Lendet, In accord�rtce with
<br /> the provistons of parugraph 8,in lieu of the puycnen[of rrtortRage insurance premtums.These items are catled"Fscrow Items."
<br /> I,ender may.at any time, collect and hold Funds in an amount not to exceEd the maximum amount u lender for a federully
<br /> relate� mortgage loan may require for Horrower's acrow uccount under the federul Real Estate Settlement Procedures Act of
<br /> 1974 as umended from time to ttme. 12 U.S.C. Sectlon 2GJ1 et seq. ("RFSPA"),unless another law that applies to the Funds
<br /> sets a lesser nmonnt. if so. Lender may. at any time. oollect and hold Fands in un amount not to exceed the lesser amount.
<br /> ., Lender may estimatc the umount of Funds due on the basts of current data and reasonablc estimates of expenditures of future
<br /> Fscrow Items or otherwise in eccordance with applicable law.
<br /> The Funds shall be held in an instirution whose deposIts nre insure� by a federal agency, instrumentality, or entity
<br /> (including I.ender,if I.ender is such an institution)ar in any Federal Home Loan Bank.Lender shall apply the Funds to pay the
<br /> , ..�-°•;�,=�,"„� , Escrow Items. I.ender may not charge Borrower for holding and upg3ying thr Fund,.annually analyzin�the escmw uccoant. or
<br /> ;. '� verifying the Hscraw Items.unless L.endcr pays 8orrower interest on the Funds und applics�ble laa permits L.cnder to make such
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<br /> ,;�.��t�,,,�, a charge.However,Lender may regui�e Barrower to pay a one-time charge for an independent real estate tax reporting servi ce
<br /> �r. �� - �� used by Lender in connection with this loan, unless applicable law ptuvides otherwtse. Unless an agreement is made or
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<br /> ���. '��`>=�'° applicable law requires fiterest to be paid.I.ender shap not be rcquired to pay Borrawer any intcrest or eamings on the Funds.
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<br /> ����, Y�. .�•:::.�. • : 8orrower and Ixnder may agree in writing, however. thnt interest shall be paid on the Funds. Lender shali��ive to Borrower.
<br /> �`x`'`'��`` � '�� � �t�•' without charae,un annual accountinF of the Funds,showing credits and debiG4 to the Funds nnd the purpose far which each
<br /> �° "�'' ���� ��'� debIt to the Funds was ma�e.The Funds are pledged as addition�l security for all sums secured by th�s�ecurity Instrument.
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<br /> �-++� If the Punds held by Lender exceed the amounts permftted to be held by applicuble law. I.ender shall account to Borrower
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<br /> �:;�. •. for the excess Funds in accordance with the requiremenu oF applicuble taw. If the amount of the Funds held by i.ender at any
<br /> �:�;, dme is not sufficient to pay the Escrow Items when due,Lender mny so notify Borrower in writing.and.in such case Borrower
<br /> °""'.+�.� shall pay to Lender ths amount necessary ta make up the deficiency. Borrower shall makc up thc deficiency in na morc than
<br /> `'%•'`•��'f` ' • twelve manthly payments,at I.ender's sole discretion.
<br /> ��';*'{...�.. ;,�;'°� Upon payment in full of atl sums aecured by this Secudty Instrument, Lender shall promptly refund to Borrower any '
<br /> "'°':��n�z'''"�`""''��` Funds held by [.ender.If,under puragraph 21, L.ender shalt acquire or sell the Praperty,Lender,prior to the acquisition or sale ,�;;
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<br /> ._,,, _, , of the Properry,shall upply any Funds heid by Lender at the time of acquisition or sale as a credit against the sums secureJ by ,,5.�.;
<br /> ,,. ,�. :°,r,- ; .. ' this Security Instrument. ;��._
<br /> •fV"^i: �� ' 3.AppBeat[on of Payments.Unless applicuble law provides atherwise,ull payments received by I.ender under paragraphs ,;;r`c1'�
<br /> �T�'�:�a�:�.:"��.:,:� �� t and 2 shall be applied: fi�st, to any prepuyment charges due under the Note:second,to simounts puyable underparegraph 2; ''"r-'
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<br /> '"""'`'"'�• '� " thini,to interest due; fourth,t�principal due:and last,to any lute charges due under che Note. '
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<br /> :• .�� "� ' 4.Char�es:Liens. Borrower shull pay all taxes,assessments, charges,fines and impositions attributable to the Property ;`o+
<br /> .� - which may uttain pdority over this Security Instrument, and Ieasehald payments or�round rents, if any. Borrower shall pay
<br /> . � these obligations in the manner provided in paragraph 2,or if not puid in that manner, Borrower shall pay them on time directiy ��
<br /> , to the p�erson owed payment.Borcower shall promptly furnish to l.ender all notices of amounts to be patd under this paragraph.
<br /> �,.` < .� If Borrower makes these payments directiy.Bonower shall prompdy furnish to Lencler receipts evidencin�the payments.
<br /> �,i�- Bomower shall promptly discharge any lien which has priority crver this Secunty Instrument unless Borrower. (a)agrees in
<br /> ;�,�,. :. " writing to the payment of the obligation secured by ihc lien in a munner acreptable to Lender;(b)contests in good faith the lien
<br /> �,;,,�.�T • . by. or defends aguinst enforeement of the lien in, le&nl proccedings which in the I.ender's opiniot� operate to prevent the
<br /> ,��'�?!�' enforcement of the lien:or(c)secur�from the holder of the fien an agreement satisfactory to I.ender subordinatin�the lien to
<br /> �:, � . this Securiry Instrument. If ixnder determines that any pan of the Property is subject to a licn which may attain priority nver
<br /> •'" � • ° this Security Tnstrument, L.ender may give Bonower a noticc identiFyin� the licn.Borrower shall satisfy thc lien or take onc or
<br /> more of the actions set forth ubove within lU days o�the giving of notice. -
<br /> Form 3028 9/S0
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