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<br /> TGGETH�R �VI'CH nll�hc improvcnicnts rio�v ar her�,�itcr erectcJ on thc prupeny,nncl ull casancntr�, uppurtcnanccs.m�d !__
<br /> fixtures now or I�ereaRer u part uP ihe property. All replacements nnd ndditiony ti6nU idse� he c�►vered liy thfs Securlty
<br /> Insu'umr.ut. All oP the Furcgnin�t iti ref'errcd�n in this Sccurily lustrument as the "Pr�iperey." - -_
<br /> HORROWER COVBNANTS that purmwcr is lnwfully sciscd of thc cstotc I�zreby convcycd nntl hi�s thc riFht to grmit nnd
<br /> canvcy th�Proixrty Gnd �h:a tl�c PropGrty f. unencumbcrc�l,cxccpt for cncumbranccs of rccord. Qurrowcr w�rrnnts nnd will
<br /> detend generally the tide to the Prope►Ky ugni�ist all clalms and demands,subjert to.my crcucnbrances of record. --
<br /> THIS SCCURITY INSTRUMENT combincs unifarm cov�mmts for natlonnl usc:�nd non-unifi�rm cavenunis with limitcd
<br /> variltions hy ju�isdiction to constitutr,a unifonn lccnrity instrumcnt covcring rcal property. ___
<br /> i1N1E�ORM COVF.NANTS. Aorrowcr nnd Lender covenant und a�rec as follows:
<br /> 1. �'ayment of Princlpal a�td inter�+t; Eh•epuyuier�t nnd I.utc Charg�w. Barnnvcr shall prc�mptly pay when duc thc _
<br /> prineipc�l of and intc:rest on the debt evidencecl by the Note and any prepayment and late ch�irges due und:r thc Note.
<br /> Z. Fu�¢d:� for Tux�and Insucnuce.Subjcct ta appliciiblc law or to u �vritten waiver by Lender, Borrotiver shal.I pay to
<br /> L.cnder on the day monthly payments are due wtder the Note,until the Note is paid in full,a sum("Fimds")for:(a)yc.jrly taxes
<br /> und r�scc.Ysments which may�tttain�iriarity over this Sccurity Instrumcnt as a licn on thc Prcepeny:(b)ycarly lcaschold paymcnts
<br /> or gra�nd rcnts��n thc Property, if any;(c)yc;irly ha�:�rd nr property insurnncc premiurns;(d)ycarly tlood insur.tnce preniiums,
<br /> if uuy;(a}yearly .aiortga�c insurance premiums, if any; and(�any sums payablc by �orrower to l.ender, in accurdance �vith _
<br /> the provisions of pata$Raph 8, in lieu of thc payment of mortgagc insurance praniums. Thesc items:nC callcd"Esc:aw Items." _
<br /> L.en�ler may, at any time, collect nnd hald Funds in an amount not to exceed thc maximwn s►maunt n lender for a fedemlly
<br /> relatc;d mortgasc loan may rcquirc for Borrowcr's escrow nccount under the iederal Ra�l Estate Settlement Proccdures Act of
<br /> 1974 as amendecl from timc to timc,�12 U.S.C. Section 2601 et ser�, ("981E5PA"), unless another luw tliat applies to the Funds """
<br /> scts a Iesser amount. if so, Lendcr may, at zny timc, collcct and hold Funds in an amount not to es�cul the lesser .lmount.
<br /> i.ender may estimatc the amowit of�unds duc on the basis of current data anu �e�sonable cstimates���F expenditures of futuru s
<br /> L'scrow Itcros nr othcrwisc in uccordancc���ith appltcablc law.
<br /> Thc Funds shnll bc hcld in 1n institution whosc cieposits urc insural by a federzi ngenc,y, instrumentaUty, ur entity
<br /> (incf��ding Lendcr. if I..ender is surh an institution)or in any Fedcrll Home Loan Hnnk. Gcnder shaal flpply thc Funds to pay the
<br /> Escrow Items. Lender may not charge Borrower for holding and applying the Funds,a�nually unalyzing the cscrow accaunt, or
<br /> �`����i�b�w��.��Q�������� ��nlacy ln�1tlnr r��c�n��nwrr intrrr±ct nn thr p���nti�n�id annliCSlhle latv perrnilS LCt1dC1'[0 Rl1ke S1lCh
<br /> a charge. Howevcr,L,cnder mny reyuirc Borrower to pay a one-timc chnrgc for an ind�pendcnt ruil estate tax rcporting scn-ice
<br /> used by Lender in connectinn u�ith thiti loan, unless applic�bie law pravider �therwisv. Unless nn agreement is made or
<br /> npplicablc law rcyuires interest to be paid,Lcnder shall not be rcquired to pay Borrowcr any intcrest or camingx on thc Fands.
<br /> Hormwc�•;�nd Lcyidu may agrec in writing, however, th�t int�rast shall be paid on the Funds. Lend�.r shall givc te f3orr.rwcr,
<br /> widiout chargc,an amival uccounting of Ihc Funds, showinb crulits and debits to tl�c Funds .►nd thc pu+pusc for which cach
<br /> dchit to thc Funds was made. Thc 1=unds atc pledgcd as additionnl security for all sums saurcd by this Security Instniment.
<br /> If the Funds hcld by Lendcr excccd the amounts permi;ted to bc held by applicable Inw,L.ender shall account to 8orrower —
<br /> for the exeess Funds in accordance with the rccJuircments i�f.ipplicable I;�w. If the amount of the runds held by l.ender:it any �►'
<br /> timc is not sufficicnt t��pay thc�scrow Itcros whcn duc. I..�:ndcr inay su notify Dorrowcrin writing,nnd,in such r�sc Bureowcr �
<br /> shall pay ta Lc:uder tltc umount ncressary to makc up tttc dcficicttcy. Borrowcr sh:dl makc up thc dcficicncy in no morc thim =
<br /> twclvc montlilv paymcnts,ut l.cnd�r's solcdiscrctiu►i. �
<br /> Upan paymcnt in full of:di sums �ccurcd by this Security Instruntcnt, l.cndcr shall promptly refund to Hnrmwcr uuy
<br /> Fu�ids held by Lender. If, under paragraph 21, Lender shall acquire ur sell the Property,Lcnder,prior ro the acquisitiun�r sale "��"�
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<br /> of the Propeny,shaU apply any Fund:helA hy l.�:nder at the time of.,cquisition ur�ale as a credit nguinst the sums sccureci by E�;._
<br /> this Sccuriry Instnimcnt. "":`
<br /> 3. Appllcation oP Pnyments. Unlcss applicablc law providcs oth�n�•isc, :dl payments rcccevcd hy� Lcndcr undcr paeagraphs --
<br /> 1 and 2 shall be applied: tirst. tu uny prcp,►ymcnt ch��r�es du� und�r the Note;�ccond,to am�iwns payublc undcr paragrsph 2; ��''=:
<br /> third,to interest due:fourth, to principal Jnc;and I:�st,to any date cV��rres duc un�lcr thc Notc. }
<br /> 4. Chu �es; Llcns, e,�rrowcr shall i ill taxes, asscssmcnts, chae.,es, fines imd im asitiuiis atzribiunble to thc Property '"°"
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<br /> which may attain priority over this Security Instrument, amd Icaschold paymcnts or oround ronts. iG auy. Botrower shall ��y�
<br /> these obiigutivns in thc manncr providcJ in par.�gr,►ph 2,��r il'not paid in that mannci. Bon•ower shall puy thent utt time dirccai� -
<br /> to thc perrson owed payment. Rorcowcr shall promptly furnish to Lcnder all nuticcs ot� �unounts to bc paid undcr this p�uagr.iph.
<br /> If Borro�vcr makcs thcsc paymcnts dircctly,Burro�vcr shall promptly furnish to Lendcr rcccipts cvidcncin�;thc paymcnts. _
<br /> Burrowcr shall promptly dischargc am� licn which has priuriry a��cc this Sccurity lnstruntc�tt unless E3orrowcr:(a)agrccs in '
<br /> writin�to tlic p�ymcnt��f thc obli�;ation ,�tu��ci by tlic licn in u mannc.s.��ceplablc to I.cndcr. (n)�t�;icsts in gaod faith thc licii ''..
<br /> by, i�r dcPcnds a�ai�ist cnfurccmont o( Qic licn in, Icgul proccaliucs which in thc l.cndcr's opinion oper:uc tu prcvent thc
<br /> cnforccmcnt of tl�c licn;or 1►)�ccuros Prom dic holdcr of the licn an aorcement tiatisfactor}•to l.cndcr�ubi�rdiieatii�.thc licn ro
<br /> tliis Se�urity Instrumcnt. IF Lcnder dctetmincs that any part of the Prupctty is subjcct tn .�licn�vhirh mi►y attain priarity��ver .
<br /> th[!: Sccurity (ttti?ts±tnent, LAndcr may givc Rorrowcr a nuticc identiiying►he licit. 13orrmvcr+hall satitify d�c lien or take vnc��r
<br /> mon:of the ucti��e�s set fo►7h uhuve withen 10 d.iys�if thc�ivinb ui nutice.
<br /> Farm 3028 srso
<br /> Pege 10�0
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