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<br /> '[iOGB'1'E�R VV1TH ss111he improvcmGnts now or hercaftcr crcxted on �he propc;rry,and ieA cascr¢cnls.appurtcnanccs, nnd � �
<br /> fiatures now or hercafter a p.'trt of the properry.All replmcemen�ts and addidons siiall also txi covered by ihis Sectuity InswmenG " {-.
<br /> AU of the foragoing is referred to in ttus Socurlty Instiument sas tl�e"Prapclty' � '' ,-
<br /> - � '" BQR1tOWEIi COVENAN"i'S that Borrowcr is lawfully seised of tlie estate hereby convcycd nnd has thc right t,o grAnt and i � °
<br /> � convey the Property and thut the Praperty is unencumbered, except for encumbrnnces of rer,ord. Borrower warrants unA will � ��
<br /> defend genera.11y the dde ta the Property against all clnims and demands,subject to any encumbrnnces of record. �
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for nadonal use and non-uniform covenants with limited I �
<br /> • vxriadans by jurisdicdon to conspwte a uniform security instrument covering real property.
<br /> UN�ORM COVENAN'I'S•Bonower and I.ender covenanx:3nd agree ns follows: I
<br /> i.�ayment oP Princfpal and Interest;Prepayment antl I��te C6arges. Bonawer shall promptly pay when dua the � � .
<br /> prIncipal of end interest on the debt evidenced by the Note and any prepayment and tate chazgcs duc under the Notc. I 'y,
<br /> 2.Fennds tor aazes�ad b�s�raoce. Subj�.ct to applicable law or to a wriuen waiver by Lender.Bonower shall pay to
<br />� . Lender an the day manthDy payments are due undcr thc IeTot,e,unril the No�is paid in full,a sum("Funds")for: (a)yearly taucs � � ��:-
<br />. =� and assessments which may auain priarity over this Security Instrurnent as a lien on the Property;(b)yearly leasehold payments • • •�'�`-
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<br />,�, �� or ground rents on the Properly,if any;(c)yearly hazard or property insurance premiums;(d)yearly tlood insurancc premiums,if +�� —
<br /> any;(e)yearly mortgage insurance premiums,if any; and(�any sums payable by Borrower to Lender,u� accordance with the
<br />' � provisions of paragreph 8,in lieu of s�:payment of mortgage insurance premi�uns.'Ihese items r�e called "Hscrow Items." • a � ''`'
<br />, ° L.er,der may,at any tin�c,coUect end hald ratnds:�n an amount not to exccecl the maximum amount a lenda for a federally related � ••:'::.�-�;, '
<br /> mart�age lean may require for Borrower's escrow account under the federal Reul Estate Seulement Pr�ocedures Act of 1974 as ;,';�;�����;A:_�''
<br /> � �mandcd from tune to timc,l2 U.S.C.Sectian?.601 et seq. ('RESPA°),unlcss another law that applles to the Funds set�a lesser • :,�: ',�,:,.��
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<br /> ' amaunG If so.Lender may� at a��y time.collece and hnld FunJs u� at�asi�our+t nai w excee� the lessr�amount �nder may ,,c;.,�:.'.._—_-:;;f�.,;-
<br /> esiimate the amount of Funds due on the basis oi current data and mason3b]a estimates of expenditures of fuUu�Escraw Items or 't��• �`'��'
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<br /> 1fie Funds shall be held in aa insdtution who5e deposits are insured by a federal a,�r.ncy,instrumentality,or entity(including ��r';''�:�?TM�r' '
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<br /> Lender,if Lendcr is such en irisUtution) or in any Federal HaFr►e I..oan IIank. Lcnder shall apply tho Funcis w pay dtc�scrow j;"_'`�
<br /> '':` Items.Lender may not charge Borrower for holding aad applying the Funds,ennuelly analyzing 1he escrow account,or verifying
<br /> �� .� the Bscrow Items,unless I.ender pays Borrower interest on the Funds and applicable law pexmits I.ender to make such a charge. ,�•.;#� r,
<br /> ' � � Howevec.Lender mt►y require Boaower to pay a one•time charge for an independent real estate ttuc reporting service usecl by •' ; �. �.:
<br /> Lender in connection v�ith this loan,unl�ss applicuble luw pr+�vides othP.rwise. Unless an agreement is made or applicable la�v
<br /> ' c,egnurs interest eo be paid,Lender sholl not be rcquired to pay Borcowcr any interest or camings on ttie Funds.Bonowcr and �«��� ,
<br /> Lender may agrcc in writing,however,that interest shaU be paid on ihe Funds.Lender shall give to Horrow�r,without charge.an � ��. .
<br /> annual occonnting of th�Funds,showing credits and debits to die Funds and the purpose for which each debit to the Funds was � •" �.
<br /> made.7he Funds are pledged as additional security for all sums secured by 24iis�esurity InstrumenG '. �Y"!
<br /> �� If thc Fwnds held by L.cnder excecd thc a�nnunts pcmtitted W be hcld by applicable law,Lcndcr shal�aa:ount to Bomower for . .,
<br /> • 1he rxcess Funds in occordance with the requirements of appGcable law.If the amount of Che Funds held by Lender at any time is :,,_,;; ,�
<br /> • not sufFcient tn pay die Escro�+Irems when due,L.ender may so norify Borrov�er in wrisu►g,and,in such case Borrower shell pay '�c,,' •' � ,�,,.
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<br /> to Lender the amount necessary to make up the de�ciency. Borrower shnll malcc up the deficiency in no more than twelve � ��„ �,�
<br /> � monthly payments,at Lender's solc discreaon. • ''��� °-�
<br /> Upon payment in full of till sums secured by this Security Instrument, Lender shall prompdy refund to Borcawer any Funds .. �':�'� �"
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<br /> � held by I.ender.If,under paragaph 21.I.ender shall acquire or sell the Property,L.ender,prior to the acquisidon or sale of the .� , '
<br />• ,�; � 6►ropecty� shall apply any Funds held by Lender at the time of acquisidon or sale as a credit agalnst the sums secared by this : =
<br /> Securiry Insirument. ,•, `� :�',t,��„��..`
<br /> .,. 3.Application mf Peyments. Unless applicable law providcs othc,nvi�c,ctll paymcnts receivcd by Lender undcr paragraphs �"� :'`,�, i
<br /> ° � 1 and 2 shall bip applicd: first,to a�y prepayme�t charges due urtder the Notc; second,to amounts payable under paragraph 2; I � �.�,�ti�t.�; �� -
<br />+ � thi�d,tn intemst ilue;fourth,to principal due;and last,to any late chargcs due under thc Note. Y
<br />- 4.Cbarges;Liens. Borrowcr shall pay all taxes,t�ssessmcnts, charges,fines and impositions attributable to [he Property •
<br /> which may atiain priority ovcr this Security Inswment,and (casehold payments or groand rents,if any. Borrower shall pay thcse I �;._
<br /> � obligadons in the mtu�ncr provided in paragraph 2,or if not paid in that manner.Borrower shall pay them on time dirccdy to the �
<br /> person owcd paymcnG Borrower shall prompdy fumish to Lender all nodces of amounts to be paid under this paragrnph. If I •
<br /> '.► Borrower makes these pa�nnernu direcdy,Borcower shall pro�ptly furnish to Lender rc.ceipts evidencing the payments. r
<br />:,� I�orro�ver shall prompdy c9ischarge any lien which hati Wrioriry over this Security Instrument unless Bornower. (a)ngrees in '
<br />�r= writing to Ihe paymernt of 1he obligation securod Uy the lien in a n�nn,:a ar.ccpfable to I.ender:(b)conUCSts in goad faith the licr►
<br />�` by. or defends against enforcemcnt of the lien in, legal procecdings wh�ich in the L,ender's opinio�operate to prevcnt the
<br /> g . enforcement of the lIen;or(c) secuecs from the holder of the llen an age.�ment satisfactory to Lender submrdinatinng the Gen w ;
<br /> thns�ecuriry InstnunenG If Lead:t deU;rnunes that any part of tfte 2'rap;tty is subject to n lieii�vhich may ntiain priortty�ver this �
<br /> - Securiry Instrumem,Lender may Bive Borro�ver a nouce+�lec�2�fying the licn.Borrowcr sha[1 satisfy ihc�lien or take one or mnre ,
<br /> �e.t�.....:.,..e.w e...�3.u1,..vn.�,id�in 1(1 dava nf thr.oivinv nf nnilfL. _ .
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<br />$ � Form 3028 9�80 r
<br /> � (�•8R(NE)(9xt 21 anp�t ot o ��niyu: '
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