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<br /> 'TO(3FTHER WITH all tha improvem;nts now ar hercufter aractod on the property.�and aU cxsrmcntx.'lippuitenancea.�d
<br /> fixtorsF amv ar ltercaRer n part of the pruperty. AI! rcpluoement� and additions shull also be covered by thie Securtry
<br /> /nstrumcnt. All af thc furc��ittig i�; rcfcrrd ro fn this S�curity Inst�vmcnt us thc"Praper►y."
<br /> �ORR�WER CUV�NAl�f��s that Barrawer is EawialEy nc;ti�xi uf the c�tat;,herel�y eonNe}e�!c!nc�hac the t�ght to grant and
<br /> convey the praperty eml thut the Property is unencumbercd.exeept for ertcumbranccs of record. Bnrrowcr waxrunts and wl11
<br /> defend qenemlly the si�la ta th�:Pmperty aguinst ull cluims und demands.subjcct to any encumbrances af recard.
<br /> THIS��CURITY 1N5TRUMEhiT combin�unlform c�venanis for national use und non-uniform covenants wlth limitod
<br /> vnriZtion9 hy Jurisdietion t�i c�vnsihuto a uniform rccurity instrument cnvering real praperty.
<br /> UNIFURM COV EfVANTS.Ha�rower und Lender c�venm�t and ngree s�follaws: •
<br /> 1. Ppyment af Principal and�nterest; Preps�yment �td Lstte Charges. eorrower shull promptiy puy when due thc
<br /> principal of nnd interest on the dcht ev idenccd by the Note und uny prepuyment and late chargc.w due under the Nate.
<br /> 3. Fundv[or Taxes nnd[nsnranx. SubJect ta upplicnble Inw or to u wdtten waiver by I.ender, Borrower shnll pay tn
<br /> Lend�r on�the duy monthly payments aro due und�r the Note,unti!the Nate is puid ln full,u sum(°Funds") for.(a)yearly tnxss
<br /> a�xi acs�ssment�which may attnln pdarity over this Security In.ctrument us a lien on the Property;(b>yc�s1Y leasehold puyments
<br /> or ground rentx an the Propercy,!f any:(c)yearly hazurd or property insurunce premiums;(d)yearly flood insuranee premlums.
<br /> if any; (e)yeariy mortguge ingumnce pmmiums.if any;and(�uny sums payable by Borcower to Lender. in accotdance with
<br /> the provislons of parngruph 8. in lieu �of the payment of mortgage insurnnce premiums• 'i7►ese[tems are called"Escrow Items•"
<br /> Lender may.at uny time. rnllect and hold Funds tn an amount rtat to exceed the maximum amount a lender for a federatly
<br /> reluted mortgage laan may requlre for Borrower's escrow arcount under the federal Real Estate Settlentent Procedurc�s Act of
<br /> I974 av nmended from time to time, 12 U.S.C.Section 26AI et seq. ("RESPA"), unless another law that appl[es to the Funds
<br /> seta u icysec aniannt. if so, L.endr,r may. at any time.collect and hold Funds in an emnunt nat to excced the lesser amount.
<br /> I.ender may estim�tte thc amount ot Funds due on the basis of current duta and masonuble estimutes of expenditures of future
<br /> Fscmw items or otherwise in aaordance with applicable law.
<br /> The Funds shall be hetd in an institution whose depostts urc insured by a federnl agency. instrumentrility, ar entlty
<br /> (including Lcnder.if Lender is sucd an institutIon)or in any Federal Home Loan Bank. I.ender shall apply the Funds to pay the
<br /> Escrow Items.Lender mny not charge Borrower for holding and upplying the Funds,annually unalyzing the escrow account.or
<br /> verifyins the Escrow[tems,us�less Lender pays Borrower interest an the Funds and applic�tble law permits Lender to make such
<br /> a charge. However.L.ender may require Borrower to pay a one-time ch�rrge for an independent real estate tax regortfng service
<br /> used by Lender in connection with th[s loan. unless applicable law provides othenvise. Unless an agreement is made or
<br /> opplicable luw requir�es interest to be paid.I.ender shall nnt be required to pay Borrower any intemst or earnings an the Fands.
<br /> Borrower and Lender may ngree in wdtin�,however,that lnten�st shall be paid on the Funds. Lender shall give to Barrower.
<br /> witt�aut ctsazgc� aA,astRU;t!sC�ousslltla of ihe Fends, showing c�iirc and debits to the Funds sind the purpase for which each
<br /> debit to the Funds was made. The Funds am pled�ed as addittanal security for all sums secured by this Security Instrument.
<br /> If the Funds held by Lender exccxd the umounts permitted ta be held by applicable law.Lender shall account to Borruwer
<br /> for the excess Funds in uccordnnce with the requirements of applicuble law. lf the amount of the Funds held by Lender at any
<br /> y;,,• time is not sufficlent to pay the Escro�v Items when due.Lender muy�o notify Barrower in writing, and, in such cuse Borrower
<br /> ' shall pay to I.ender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no mam than
<br /> twelve monthly payments.at L.ender s sote discretion. �L,
<br /> > Upon payment in full uf all sums secural by this Securiry Instrument, lxnder shull promptly refund to Borrower any '•
<br /> �'`t'• '� Funds held by I.ender.If, under paragraph 21. ixnder shall acyuire or scll the Property,Lender,prior to the ocyuisition or sule �•;���
<br /> of the Property.shull apply any Funds held by Lender at the time of acquisition or sale as a credit ag�nst the sums secured by '!,�;,;
<br /> thts Security Instrument.
<br /> 3.Application of Paymenis.U n(ess applicablc law provides otherwisc,all paymencs reccival by I.ender under p:�rasraphs �
<br /> 1 and 2 shali be applied: first,to any prepayment charges due under the Note: second,to�mounts paynble under paragraph 2;
<br /> third,to interest due;fourth, to principal due: and latit,to any late charges due under the Note.
<br /> 4.Charges;Liens. Borrower shall pay ali taxes,ussessmenls,charges, fincs and impasitions uttributable to the Property
<br /> whfch mny uttain priority over this Saurity [nstrument, and leasehold payments or graund rents, if any. Borrawer shall pay
<br /> _,_����•°�,�� these obligadons tn tt�e manner provtded in paragmph 2,or if not paid in that manner, Borrower shall pay them on time direcdy
<br /> �'.<<,;'"'_,..�. to the person owcd pAyment. Borrower sh�ll promptly furnish to Lender all notices of:unounts to be paid undcr this parngraph.
<br /> :;.��t'''.M`'`� If Borrower makes these payments directly,8anower shall promptly furnish to L.ender rece+pts evidencing the payments.
<br /> .�..s:_�
<br /> ,,�+r� Borcower shall pramptly dischaa�ge uny lien which has priority over thie Security Instrument unless Bocrower:(a)agrces m
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<br /> �����'':�' writtng ta the payment of tlie obtigation secured by the lien in a manner ucceptuble to Lender;(b)contests in good fuith the lien �,
<br /> ����'• �:'� by. or defends agaiast enforcement uf tl�e lien in, legul proceedinFs which in the L.ender's opinion operate to prevent the �
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<br /> „n�,.� .'."" ,• enforcement of the lien:or(c)secures from the holder of the lien un agreement satisfactary to L.ender subordinating the lien to
<br /> .�.. �`�� " this Securtty instrument. If L.ender determines that any part of the Property is subject to a lien which muy atwin priority over
<br /> r..n i'i ,-�_
<br /> ?h"':;;���.�'"�-�� this Security Instrument, I.ender may give Borrower u notice identifying the lien. Borrower shall satisfy thc lien or take one or
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<br /> :'-c•;;�;'°�---= more of the actions set forth above within i0 days of the�iving of notice. �
<br /> :���:�'':
<br /> ,��., Form 3028 9l90
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