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2000000109 200205680
<br />TOUT FHFR WITH all the improvements now o i l iereafter erected on the property, and all casements, appurtenances, and
<br />fixtures now or hereafter a part of the property. All ruplaccrnents mid additions shall also be covered by this Security
<br />Insnument. All of the foregoing is referred in in this Security Instrument as the "Property_"
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Property and that the Property is unencnnbered, except for encumbrances of record. Borrower warrants and will
<br />defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non. uniform covenants with limited
<br />variations' hyjunsdiction to constitutes uniform security instrument covering real property.
<br />UNIFORM COVENANTS_ Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shell promptly pay when due the
<br />principal of and interest on the debt evidenced by the Note mid cry prepayment and late charges due under the Note.
<br />2. Funds for 'Faxes and Insurance. Subject to applicable law or to a written waiver by Lender, Rorrower shall pay to
<br />Lender on the day monthly payments me due under the Note, until the Note is paid in troll, a sum ( "Funds ") tor (a) yearly taxes
<br />and assessments which may attain priority over this Security Instrument as alien on the Property; (b) yearly leasehold payments
<br />or ground rents on the Property, if any (c) yearly hazard or property insurance premiums;. ph yearly flood insurance premiums,
<br />if any; (el yearly mortgage insurance premiums, if any, and (f) any sums payable by Borrower to 1_ender, in accordance with
<br />the provisions of paragraph 8, in lieu of the payment ufmnrtgage insurwncc premiums. These items are called "Escrow Items."
<br />Lender nwy, at any time. collect and hold funds in an amount not to exceed the maximum amount a lender for a federally
<br />rcimcd mortgage loot may require for Borrower's escrow account under the tederal Real Estate Settlement Procedures Act of
<br />1974 as amended from [into to time, 12 U.S.C. Section 2601 et seq. ( "RESPA "), unless another law that applies to the Funds
<br />sets a lesser amount If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amuunl.
<br />Lender may estimate the anounl of Funds due on the basis of current data and reasonable estimates of expendiures of fiture
<br />Escrow Isms or otherwise in accordmse with applicable law.
<br />The funds shall be held in as institution whose deposits arc insured by a fedora] agency, instrumentality, or entity
<br />(including Lender, if Lender is such an institution) or in any I cdcral home Loan Bank. Lender shall apply the Funds to pay the
<br />Escrow Items. Lender may not charge Borrower for holding and applying the Funds. annually analyzing the escrow account, or
<br />verifying the Escrow Items, unless Iender pays Borrower interest on the Funds and applicable law permits Lender to make such
<br />a charge However, Lender may require Borrower to pay a one -time charge for an independent real estate tax reporting service
<br />used by Lcndcr in connection wilh this loan, unless applicable law provides otherwise Unless an agreement is made or
<br />applicable law requires interest to he paid, I ruder shall not be required to pay Borrower any interest or em'nings on the Funds.
<br />Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds_ Lender shall give to Borrower,
<br />without charge, at annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which cash
<br />debit to the Ponds was made. The Funds are pledged as additional security for all awns secured by this Security Insh ument.
<br />If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lcndcr shall account to But
<br />for the excess Funds in accordace with the requirements of applicable Inv_ It the amount of the funds held by Lender st any
<br />time a not sufficient to pay the Fscrow hems when due, Lcndcr may so notify Borower in writing, mid, in such case Borrower
<br />shall pay to Leader the amount necessary to make up the deficiency_ Borrower shall make up the deficiency in no more than
<br />Iw,,ke moodily payments, at Lender's solo discretion.
<br />Upon payment in hill of all sums secured by this Security Instrument, Lcndcr shall prouplly refund to Borower airy
<br />lnunds hold by Lender. It, under paragraph 21, Leader stall acquire or sell the Property, Lender, In lot tar the acyumition or sale
<br />of the P ... per(y, shall apply any Fund'+ held by Lender at the time of acquisition or sale as a credit against the sums secured by
<br />(Its Securiry Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise all payments received by Lcndcr under paragraphs
<br />I and 2 shall be applied: first, to any prepayment charges due under the Note: second to amounts payable under paragraph 2t
<br />durcl, to interest tine; fourth, to principal due; and last. to any late charges due under the Note.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges fines and impositions attributable to the Property
<br />which may attain priority over this Security Insmunnent and leasefhold payments or ground rents, if any Borrower shall pay
<br />these obligations in the manner provided in par agraph 2, or if not paid in that manner, Borrower shut pa) them on time directly
<br />to the person ewcd paynnenI Borrower shall promptly for to Lender all notices of amounts to be paid under this paragraph.
<br />If Borrower makes these payments directly, Borrower shall promptly furnish to I ender receipts evidencing the payments_
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower (a) agrees in
<br />writing to fire payment of the obligation secured by the licit in a manna acceptable to Lcndcr, (b) contests in good faith the lien
<br />by, or defends against enforcement of the lien in legal proceedings which in the Leader's opinion operate to prevent the
<br />enforcement of the lien: or (c) secures hoar the holder of the lien on agreement satisfactory to Lender subordinating the lien to
<br />this Security Instrument If Lender determines that any part of the Property is subject to a lion which may attain priority over
<br />this Security Instr ri eat, Lender may give Borrower a notice identifying the lieu. Borrower shall satisfy the lien or (also one or
<br />more of the actions set forth above within 10 days of the giving of notice.
<br />Form 3028 9190
<br />(CD-611(N E) 9t12 us re;e z
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