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<br /> TOG�ETH�A WITH all tho imFrc�vemente now nr hereafter erected on the property.dn�gea�cnY�rli�,�p�ifilGnce.w. nnJ
<br /> fixtures rtaw ur hereaRer n pnrt oi the propeny. All rcplacement� and a,dditfans ehull ulsa bt cuvercd by tMis Sccurity
<br /> Instrument.AU aP�he fong��ing i�rcfcrrcd tu in this Sccurity Instrurrtcnt us+tt�e "Prnperty."
<br /> BQREtOW�R COVkNANTS�hut aorrawar iR luwfully nciscd af the efitatc hcreby canvcycd imd lu�x th�right ta�runt und
<br /> �;anvcy thc PropcAy nnd that the Property iN uncncumbcrcd, cxccpt Pi�r cncumbmnccs uf rcrurd. Bara�wcr wormnt�; nnd will
<br /> defend genemily�he title ta the Prope»y ugninst ull cinims und demnnds,subject to uny encumbrunces af�ecord.
<br /> THiS SP.CURITY 1NSTRUMHNT c�mihine�unifarm covenunt�for natianat use und nan-unifnrm covenunts aith limited
<br /> vurfatiUns by jurisdictinn to c�nstitute u un{furn�security instrument covering renl prapeny. .
<br /> UNIFORM COV�NAN'1'S. Borrawer:utd Lender caven�snt und agrce ug follows:
<br /> 1. Payment of Pritscipal wnd Interest; Prepuyment and Late Chur�es. Horrower shall promptly pay when due the
<br /> pdncipal of urtd jnterest on the debt evidenced by the Note und any prepuyment end late chargcw due under the Note.
<br /> �. Fbnds for Texes end Insurau��e.5ubject to upplicuble law or to a written waiver by Lender.Borrower shall pay to
<br /> Lender on the�:ay manthly payments ure due under the Notc,undl the Note is pald in full,a sum("Funds")for:(a)yeacly taxes
<br /> und ossessments which may attain pdority over this Serudty Instrument as a lIen on the Properry;tb)yearly leasehold payments
<br /> or�round rents on the Property,if any:(c)yearly hazerd or property lnsurance premiums;(d)yearly flood insurartce premiums.
<br /> if any;(e) yearly mortgage insurance premiums, if any:and(�any sums payable by Borrower to I.ender, fa eccordance with
<br /> the provlsions of parngraph 8.in fieu of the payment af mortgage Insurance premiums. These items are culled"Escrow Items."
<br /> Lender may, at any tfite,collect and hold Funds in an amount not to exceed the maximum emount a lender for a federally
<br /> reluted mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Proced�res Act of
<br /> 1974 as ameuded from rime to timc, 12 U.S.C.Ssction 2601 er seq. ("RESPA"). unles.g another law that applies w the Funds
<br /> sets a l�sser amount. If so, Lender may. at aay time. collect and hold Funds in an amount not to exceed the lesser amount.
<br /> Lender may estimate the amount of Funds due on the basis of current data and reasonable esdmata of expenditures of future
<br /> Escrow Items or otherwise in uccordance with appliceble law.
<br /> The Funds shall be held in an insdtudon whose deposits are insured by a federal agency, insuumentaliry, or entity
<br /> (includin� L.ender,if Lender is such an insdtudon)or in any Federal Home Loan�ank. L.ender shall agpiy the Funds to pay the
<br /> Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzin�the escrow account.or
<br /> verifyIag the Esaow Items,unless Lender paya Borrower iaterest an the Funds and applicable law permits I.ender to make such
<br /> a charge. However. Lender may require Borrower to pay a one-ttme cherge for en independent real estate tau..reportI�g service
<br /> used by Lender in connection wtth this loan. unless applicable law provides otherwise. Unless an agre,ement is made or
<br /> applic�ble law requires irtterest to be paid.Lender shall not be required to pay Borrower any interest ur earaings on the Funds.
<br /> gtyyrresa,�am! I.�r�y saree in•.�tiug� �S{►1YPV�_'C, ih?t;nrPrect chail be paid on the Funds. Lender shall give to Borrower,
<br /> without charge, an annuel accounHng of the Funds, showing credIts and debits to the Funds and the purpose for w6icd eacb
<br /> debit ro the Fuads wes made.The Funds are pled$ed as additional security for all sums secured by this Securlty Iastiument.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applic�ble law.Lender shali acoount to Homower
<br /> for the excess Fancis in aocordance with the requirements of applicable law. tf the amount of the Fucids held by Lender at any
<br /> time is aot sufficient to pay the Escrow Items when due.I.ender may so notify Borrower in writiug,and,ia such case Borrower
<br /> shell pay w Lender the emount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than
<br /> twelve monthly paymentc,at I.ender's sole discretion.
<br /> Upon payment in fi+ll of all sums secured by this Security Instrument, I.ender shall prompdy refund to Borrower any
<br /> Funds held by Lender.If,under paragraph 21,Lender shall acquire or sell the Property,Lender,prior to the aoqutsitian or sate
<br /> of the Property.shall apply any Funds held by Lender ut the time of acquisttion or sale as a credit against the sums secured by
<br /> this Securiry Insuument.
<br /> 3.Applfcatlor�of Payments.Unless applicable Iaw provldes otherwise, all payments received by Lender under paragrapbs
<br /> 1 and 2 ehall be applied:first,to any pnepayment charges due under the Note;secand,w amounts payable under paragraph 2;
<br /> . third,w interest due;fourth,to principal due;and last,to any late charges due under the Note.
<br /> 4.Cbargest Lleos.Borrower shail pay alt taxes,assessments.chazges, fu�es and imposirions attributable to the Property
<br /> which may attain prIorlty over this Security Instnunent. and leasehold payments or ground rents,if any. Borrower shall pay
<br /> diese obiigations in the manncr pmvided ia paragraph 2,or if not paid in that manner,Borrower shall pay them on time directly
<br /> to the pesson owed payment.Borrower shall promptly fumish to I.ender all notices of amounts to be paid under t1�Is paregcaph.
<br /> If Borrower makes these payments dlrectly, Borrower shall pmmptly fumish to Lender mceipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Socuriry Instrument unless Borrower:(a)agrees in
<br /> writIng to the payment of the obligation secured by the lien in a manner acceptable to L.ender;(b)contests ia good faith the lien
<br /> by. or defends against enforcement of the Hen in, lega! proc�edlags which ia the Lender's opinion operate to prevent the
<br /> enforcement of the lien;or(c)s�ures from the holder of the lien an agreemem satisfactory W Lender subordinattng the IIea to
<br /> this Security Insmt�ment.If L.ender deterrtunes that any part of the Property is subject to a lien which may attain prlorlty over
<br /> this Security Insmiment,Lender muy give Bomower a aotice identlfying the lien. Borrower shaU satisfy the lien or take one or
<br /> rnore of the actions set forth above within 10 days of the giving of notice.
<br /> • Form 3026 8I80
<br /> Pogo 2 of 8
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