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<br /> '='�'°��?�� TOOE7'NBR WITH all U►e improveraenu now on c�r r a fl er eroct e d on I h o p r a p� Y�
<br /> ----_----�'� fixturts aow or het�caBu w put of the PropeRY. All replacements And addidon: t�hwll dco bo coverod by Ihia SecuritY
<br /> =.��•.
<br /> _:,„—��,. In�trumeRt. All of the foreQoiag is rofcrrad ta in thia Secudry I�xtrumcnt�s thc'Pm{x+n9•�
<br /> ;���,,-;��•:. ' BORROWER COVENANTS that Bortawer is lawli�lly seisod of the esuUe hcrcby oanvcyod and has the dght to Q�ant and
<br /> �'� `;.;:!'�:�;, � . convey the Property and thw the Property is unencumbered� except for encumbrwncas of rcco�d. Borrower warrants aad will
<br /> defend generally the tiUe to the Propeny++B�ns��ll clalma w�d demand9.wbject ta any encumbrances af�+ocord.
<br /> ������ � THIS SECURITY INSTRUMENT combfnes uniiorm covenunt�for nati�nal usu And nun-unifornt coveaants with limited �
<br /> .�::'?;'=��:�r.�� voriotions by junsdiction to rnnsliwte A uniform nccurity instrument cove�ing real p��pcdY• �_-: ,
<br /> �°`;�`�;;,��"'E ° UNIFORM COYENANTS.Bormwcr and L.ender rnvenant and ngree As fallawat w�n ���
<br /> ���; ,
<br /> =='='��- 1. Pvymcnt ot PrindpW ood lata�estt PreP�yment �nd Late Chs�rg�s. &rrmw�r shall promptlY PnY �:�o-�-
<br /> -' • nci of and inte�+est oa the debt evidenced by the Note and nny prepayment and lute chargai due under thc Nde. _ �
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<br /> _ _,;."cfi�;r�_ 2.Ftind�tor Taxes and Inwrance.Subject to applicnblc law or m a wriqon waiver by Lcnder. Borrower shall pay eo -
<br /> - �n .,_
<br /> � ' Le�xler on the day month�y PaYrne��s�due undcr the Nate,until the Note is paid in full,u sum("Funds")for:(a)yeiu y teu�s �_-_�.-
<br />_-- -�-e:.� Tl'�''s�', �ad assessme�►ts which may atwin priority over this Security Instrument as a lien on�he Propeity:(b)Yearly leasehold payments =
<br />-;�E .. `;a or grouid rents on�he Property,if any:(c)Year�Y hazand or property insurar�ce p�emiums:(d)Yesuly flaod insurunce premiums. --
<br /> _-�� �' if any:(e) yearly mortgagc insurw�ce premiums. if any: and(�anY sums payable by Borrower to Lcndcr, in acconlance with �,---
<br /> �-� • � the provfsions of parngraQh 8.in lieu of the payment of mortgage insurence premiums.7'hesc items ar+e cu��ed'Escmw Items•� �,;-
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<br /> �`"'�_. e°A �,,�n d e r m a y,a t a n y Nme.collect end hold Funda in an amount not�o eacc�d the muaimum wiwunt a le�er for a federelly �.•'i'::y-
<br /> ;����.;• , � �, •. ��mortgage loan may�quire for Bonower's escrow accaunt under the fede rn l R e a l E s t a te S e t d e m e n t P r o c e d u re s A c t o f -- A�-.
<br /> � 1974 as amended from time to time. 12 U.S.C. Section 2601 el seg. ("RBSPA"),unless anothcr law that applies to the Fuads � ;,�
<br /> � �.F- '-= sets a lesser amaunt. If so. L.ender may, at any time,caliect und hold Funds in an amount not to caceud the lesser amount. ' _
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<br /> ;•:� Lender may estimate the amount of Funds due on the basia of current dala� �nc1��ble estimates af expenditures af future ,?'�.:..*�,..�-
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<br />:�!,;;:•�,; .. .. Escrow Items or otherwise in accordance with applicable Inw. ty. ry y:r ,__
<br /> ':��•��;�' The Funds shall be held in an iaslitution whose deposits are insur.xl by a federal ugency, instrumentali or enti ,�tL_
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<br /> ��;j;�� " r ��� : (including I�ender,if L.ender is such an institution)or in any Federal Homc l.aan 8ank•Le�der shall apply the Funds to pay the
<br /> gscrow(tems. L,ender rtwy not charge Borrower for holding s+nd applying the Funds. annually analyzin8 the escrow accaunt,or � ��.f„_,_
<br /> ��4•`'•���'
<br /> -t� � ' verifying the Escrow Items,unless Lcnder pays Borrower interest an thc Funds and applicublc law permits L.ender to make such _��-__
<br /> .'�t��� � ` • a charge. However. I.ender mny requfre earrower m pay A one•time charge iar an independent rcal estate tax re{w�ting sen'ice -�r�
<br />- j •. . �ve�.:s�i_�..
<br /> used by Lender in connection with this loan, unless applicAble law pravides othenvise. Unless an agrcement is made or L y��s.
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<br /> � Applicable low oequires interest to be paid,l.ender sh�ll not be required to pay&►ROwer any interest or earnings on the Funds. �T,�.;^.
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<br /> �•; Borrower and Lender may egrce in writing, howevcr,that intcrc4t sh311 bc paid an thc Fund.v. L.ender shall give lo Bornawer. �Y:-�- ,,
<br /> , ;.. . � without chugc, an annual occcwnting of thc Funds. showing cr��iiis atxi dcbits to !he Funcic and Ihc purposc fbr which cach _�.
<br />� ��; `i1 " �• debit to the Funds was made. The Fundx are pledged es acklitional security for ull sums scxured by this Se�cudty Instrument. ����
<br /> i'�i��;;;:�:° ^,�.'� If the Funds held by l.endcr cxcecd thc amounts permittcd to bc held by upplicabic law,l.ender shall account ta Bonower ��,.,
<br /> •rL '."'��"` ° for ihe excess Funds in accordance with thc requiremcnts of applicublc luw. IF the Amount of the Funds held by I.endcr at any �,��.,
<br /> ��r.;�. �...;.,.�..
<br /> ,��a;�',"; •• time is not sufticient ta pAy the Escrow Items whcn due,Lender may so notify Rorrowcr in writing,and,in such case Borrower �.5�,-�;i
<br /> • ��``•'''`� , ahall pay to Lender the amount necessary to muke up the deficiency. Bormwar shall make up the deficiency in no more than ___.
<br /> � twelve monthly payments,nt l.cnder's wle disc:rcti�m. ���-----�
<br /> .• . Upon payment in full uf ull sums securcd by Ihis Securiry Instnament, l.ender shall promptly rcfund to Borrower any - -:•`,��:;,
<br /> � " Funds held by Lender. If,undcr paragr++ph 2�. Lcnder ahull ucyuirc��r scll the Pmperty. L.cndcr,prior to the ncquisition or sale � .
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<br /> � .��;F��� � � oP the Propeny,�hxll vpply�ny Funcls held by Lender ut the�ime af ucqui.ition ar sule as u cm.dit uQuinst tiie sum4 secu y �
<br /> `^. �� this Security Instn�ment. '�`�^-
<br /> � , � �;.__"-�_.
<br />_ ��::;:_,i,,� � 3.AppBcaUon of P�yments. Unlcs+applicublc luw proviJcs�xhcrwi�c,ull paynxnts rcccivcd by Lcndcr undcr pars�g�p�� ���
<br /> ; ,-,� :',,,, ° � and 2 st�ell be opplied:firet.to any prepuyment chorgcs duc unJcr the NMc:scc��tx1.to um�unts payable under pa�rup �.`:_,r
<br />-`�'"���`��' ;,i�`!<<..^ ° third,to intemst due; fourth, to principul duc; und last, to uny latc ch:ugcs duc undcr thc Notc. .
<br /> '"`'' 4.Charges; Llens.Barrowcr sball puy ull taxes, asse.amcnt�,char�;es, fines and impositions uttributable to the Property ;,;��'�.__�
<br /> ;..i`�;���}: ' .,•" �'
<br /> . !>�. .. wAich may anain priarity ovcr thi�Sccurity Instrunx:nt. and Icaschi�ld paymcnts ur grounJ rcnts. if nny. Borrower shall pay ,;;:,,_.,..,;_
<br />-� �� ` ' these obligations in thc mm�ncr providcd in parograph 2,ur iP not puid in thrt mannrr,Born�wer shall pay them on time directly ,;,. �;�4�
<br />- �'�I��:.:. `��-,"=
<br />: �; . � ••.;.; to the person owed puyment. Bc►rcower shull pranpdy Turnish to Lender all niKices«f unx�unts ta be p•rid under this parsigraph. _ _
<br /> � If Burrawer makes thc+c paymcnts dir.xtly.Bc�rn►wcr shull pri�mptly tumish tu I..cndcr r�ticipts evidencing the pnymcnts. '�''� '�
<br />-. � - Bocrower shull promptly dixch•rrge uny licn which hus prioriry mnr�his S�curity In�trument unless&xrower (a)agrees in _
<br /> ' writing to the paymcnt of tlx.obligation xcur�til by �he lien in a manncr ucccptah�e a�Liendcr. (b)contcsts in gcx�d faith the lien
<br /> � • ' ,,+--�� by. ar defcnds ugainat enforcemcnt of'thc licn in, Icgul pr�xcedin�s whirh in thc I.�ndcr's opinion operate �o prevcnt the
<br /> ���' ';� � t`'� enforcement of Ihe licn;or(r)sccures fmm thc hulJcr of thc li�n un•rgrccnknt satisfuctory u�l.endcr suhordin�ting the lien to
<br /> 1+•�' . �.... . • .;;,,��;,',
<br /> ;:.,,, , this Socurity lnstrumcnt. If L.cndcr Jctcrniinc+thut any part ��f thc Praperty i.�ub1��ta u�icn which muy attain priority over
<br /> ��;r�;;`. ', ' thix Sccurity Inslrumcnt.Lcndcr nwy givc&�rmwcr•r noticc id�ntil'yin�t thr lirn. B�►rn►wcr,h•rll satisfy thc licn ar tukc one or
<br /> • '' , . '� morc of thc actions set (onh ubcwc within 10 duy. of�h�giving ul'noticr. i
<br /> •� �' Form 3028 918� �
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