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<br /> TCC.�ETg�R WI'IN all th° improvements now or hereafter erected on the propeRy,and all easements, ap�urtes�ances,and
<br /> fixtures naw or h�seafter a part of the propesty.Ali repl:scements and additions shall aLso bc covered by this Security Instrument
<br /> .�il of the fore�oing is ref�rred ta�in this Secutity Insirument as the"Property."
<br /> BOR.L:OWER LOVEI1AI�dT'S ihat Borrower is lawfully seised of the estate 4iereby conreyecf and has ihe right to grant and
<br /> convey the Property ars� that d�e Property is unencumbered,�xr.ept for ern.umbrances of record. Borrower wacrants azid will
<br /> defend ger,erall;�dbe tide to the Property against aIl claims and dernands,subject to any encurnbrances of mcord.
<br /> 'F`HIS SECURITY INS'�'LTMENT combines vniform covenants for national use ar.d non-uniform co��enants with limiied
<br /> variacions by jurisdiction to constiwte a unu°orm security insuument�:nvering real property. .
<br /> LnV�OItN,COVENANTS.Borrower and Lender covenant:,n1 agree as follows:
<br /> i.Paynent of�'r:�cipal and Interest;Prepayment and T ate Charges. B�rrowcr shall promp�y pay when due the.
<br /> _ principai of and interest on the deht�videnced'oy the i�iote ar.d any�repayment and late ch.arges due under the Note.
<br /> 2.Fends for Tazes and Insuranc�. Sabiect to arpiicablz laR+ or to a wriuen waiver by Lender, Borrower shall pay ro
<br /> Lender on the da�r montF:ly payments are�ue under thc Nots,nntil ttse Note is paid in full,a sum("Funds") for: (a)yearly tax•�s
<br /> w_`� a.d assessments which may auain priority o•�er rhis Secu�ity Instrument as a lien on th�Property;(b) yearly leasehold payments
<br /> � or ground rents or�the Proper:y,if any;(c)yearty hazard or propert;.•insurance premiums;(d)yearly flood i�surance pmmiums,if
<br /> w � any; (e) yeariy mortgage insurance r,remiums, if any; and (� any sums payabie by Borrower to I.ende�r,in accordance with the
<br /> provisions o: paragraph 8, in lieu of tlie payn;ent of mortgage insurance premiams. 'Ihese items are called "E,�,cro�v Items."
<br /> Lender may,at any�me,collect a,id hold Funds u�an amount net!o ezceed the mazimum amount a lender for a fed�aally related
<br /> mortgage loan n�ay requize for Barrower's escrow acceunt undcr the federa'.Reat Fs•ate Settlement Procedures Ac.!af 1974 as
<br /> `' amended frQm time to time, i2 U.S.C.Section 2601 et seq. ("RESPA"),�niess another law that applies to d�e Fands sets a lesser
<br /> amounG If so, Lender may, at any time, coliect and hold Funds in an amaunt not co ezce�d the lesser amounG Lender may
<br /> esdmate Lh�arr.ount of Funds due on the basis of current�iata and reasanable�timates of ezpendiwres of future Escrow Item�;;r .
<br /> - oihenv:se in z�cordance with apglicable law.
<br /> The Funds shali be held in an institution whase deposits are insured by a federal agency,instrumentality,or entity(including
<br /> L.ender, if Lender is such an ins:itution} ar in any Federal Home Loan Bank. L:nder shali apply tize Funds to pay tne Escrow
<br /> !wms.Lender may nct chazge Borrower for holding and applying the Fi�nds,annually analyTing ihe escrow account,ar verifyir�g
<br /> th�Escrow 1!ems, unlrss I.ender pays Bonower ir.terest on the Funds a��d aFplicable law permis Lender W make such a chf�rg�.
<br /> � However, Lend�r reay reguiPe Borrower ta pay a one-time charge fer an ir.dependent m.al estate tax *eparting s�rvice use�9 by
<br /> I.e�der in connec�on with this loan, unless applicable law pmvides otherwise. Unless an agreement :s made or xpplicable law
<br /> � reqcire; interest to �x paid,Lender s�all not be require� to pay Borrower any interest or earnings on the Funds. Borrower a.�d
<br /> �• �
<br /> ��� ° ' Lender may agree in writing,however,that interest shall be paid on the.��unds.I.ender shall give to Bonower,without charge,an
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<br /> �<����+�.i annual acco��nting of the Funds,si�owir.g credits snd deUiu lo the Fands and the purpose for which each debit to the Funds was
<br /> 5'= .
<br /> �< ma�e.'�he kur�ds are pledged as additior:al security for all sums se�und by this Security InstrumenG
<br /> �t��
<br /> `':���r If the Funds heid by I,ender�xcped the amounis permiued to be f�eld by applicable 1aw,Lender shall account to Seaower fo:
<br /> �`` the ezcess Funds in accorciance with the requirements of applicable law.If the arraount of the Funds held by Lender at any time is
<br /> � .�
<br /> ���� not sufficient to pay the Escrow Items when due,I,endc-may so notify Borrower�n writing,and,in such case Borrower shall pay
<br /> .;•��* ,,
<br /> to �.ena�r ene �.^�ount necessary ta make up ihe defici�ncy. Borrower shali snak� up� the deficiency in no mom than tw�;lve
<br /> ��'� monthiy gaymens,a:i.znder's sole discretion.
<br /> `'� li n a menc in full of ail sums secured b this Securit Instrument,I,ender sha�' r�m d�refunrl �^n
<br /> po p y y y � p } ..onower�:y Funds
<br /> Y held by I.ender. If, under paragraph 21,Lender shall acqu'ue or sell the Property, L.ender,prior to the acquisiGOn or sale of the
<br /> Properiy, shall Tp�ly any Funds heid by Lr.nder at the tir.e of acquisition or sale as a credit against the sums secure� by this
<br /> Security Instrumen�
<br /> 3.Applicstion of Payments. Unless applicable law provides otherwise,all payments received by L,ender under paragraphs
<br /> 1 and 2 shall be applied: Cust, to any prepayment charges due u�der the Note; second, to amounts payable under paragraph 2;
<br /> th'ud,w interest due;fowwrthh,to prir.cipal due;and IasG to�any late ct►arges due under the Note.
<br /> 4.Charges;Liens. Bonower shall pay ail tazes, assessments, charAes, fines �nd impositions attributable to th:; Property
<br /> which may auain priority over this Security Inswr��nt,and leasehold payments or ground renu,if any.Borrower shall pay these
<br /> obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on time direcdy to the
<br /> _r�crson owed paymcnt. Borrow,.r shall prompdy fumish to �.ender all notices of amounts to be paid under this paragranh. If
<br /> Eorrower ma;ces tliese payments direcdy,Borrower sh�ll prompdy furnish�to I,ender receipts evidencing the payments.
<br /> Borzower shall promptly discharge any licn whict lias priority over this Secunty InsWment un(ess Borrower: (a) agrees in
<br /> v.•riting to the pxyment of the obligation secured by the lien in a manner acceptable to Lender, (b)contests in good [aith the lien
<br /> by, o; detends against enfor�emen, of �he lien in, legal procr.,ediF►gs which in the Lender's opinion operatc to prcvent the
<br /> ,;���'� ` enforcement of the lien; or (c) secures from the holder of�he lien an agrcement satisfactory te Lender sulx�rdinating the lien to
<br /> ��-� tt!is Secciriry lnstnir,,ent. If L.end�:r determines that any part of the Property is subject to a lien which may attain priority over this
<br /> Securzty Instre�ment,Lende:may give Borrower a notice idcntifying the lien. Borrower shall satisfy the lien or take one or morc
<br /> of the acuons set fonh above within 10 days of the givin�of notic�.
<br /> Form 3028 9I90
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