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<br /> TOGfiTHER WfTH all the improvesnents now ar h�maRet eracted on the praperty,a�td al�eas�ecnen'fs�a u 3�.and ��
<br /> fixtures now or tt.reaftgr t► gart of �lue Propecty. A11 reptaameats and eddidons shail atso be cuvesed by tt3is Seciuity
<br /> •" Hnswmem.AfD of the forgaing is ceferred to in this Sccuhty�nstrument as the"PropertY•" e��-
<br /> SORRdWfiR COVENANTS that Barrowe;is tawfiilly seised of the esrate b�reby conveyed and'nas the ri�ht to gat�t and �"
<br /> convey the Praperty and that the Property is wencum6t�ed. except for encumbranoes of re�cord. Barrower warrants nnd will iT
<br /> defend generally the tide to the Pe+ope�y against al!claims and dr�and�,subje�to any encumbranccs of record. �_ .
<br /> .--`_`-j T�FLS SECURI'IY INS7`RUMEN'T combines unlform covenants for natioaal nse and non-um f o r m oavenants wit,ti Eir..it e d —`
<br /> 4� variations by jurisd'ettion to oonstitute a atrifor�►securiry instrumeat covering rm!pmgerty. �"
<br /> ' UTJIFORM COVENANTS.Borrower and Leader covenant and agree as follows: _
<br /> �:;� l. Paymeni of Frdacitsal and I�erest; Prepsyment and Late CGarggcs. Borrower shail pmmP�Y PaY wken due the �.
<br /> -- - priaci g a!af and interest on the debt eviden�i by the Note and anY P�Y�at and late charges due ander the N�ts. �;
<br /> , 2.Faads for Texes ant!inrnraneP,Subject to applicable law or to a wriuen waiver hy Lender.Eorrotiver shall pay to _
<br /> " Leader on the day monthly paytneats az�e due under the Note,until the Note is paid in fiill,a sum("Funds")for.(a)yearly taues •
<br /> azd assessments w3uch may attain prioriry over this Secvrity Insuument as a Lien on the Progerty;(b)yearly leasehoid payments
<br /> • or ground re�s on the Pioperty,if anY;(�)Y�Y��or property iasurance premiums:(d)Yearty flood insuraace ptemivas. .�'
<br /> � • � if any;(e)yeariy mortgage ias�uance premiums,if any;and(fl any snms payable by Harrower to Lender, in accordance with ��
<br /> ' the pmvisions of paragrapl�8,iD Iieu of the paytIlCIIt of mortgdge inc�rnnpg p�mjums,ThESi itttns 2�[e calt2d"Fs�crow Items.° -- -
<br /> Leader may, at any time, coilect a�d hold Fands in an amount aot to exceed the maximum amouut a tender for a fed�rzlIy —
<br /> :�.�t�::. retated mortgage loan may require for Borrower's escrow accouat under the federal Rea! Fstate Setttemeut Procedw�es Aci of �
<br /> � 1974 as amencied fronn timc to time, 12 LJ.S.C.5ection Zt�l et seq. ("RESPA").unless anothcr[aw that app&es to the Funds '`
<br /> . set�a lesser amnunt. If ao, Lender may,at any time, coUect and hold Funds in an amonnt not to exoeed the lesser tunount. ��`
<br /> . •r:
<br /> Lender may estimate tke�+c.mt of Funds due on the basis of curreni data and reasonable es6mates of expenditures of future �
<br /> . Fscrow Items ar oiherwise u�.a�cordance�vith apFlicr�Ea law. �_•=
<br /> Tfte Funds shalI be held in an i�stitution�s;��„�ss'deposits are insuted by a federal agency. inswmentaliry, or enttty .esr":
<br />;:;; •` (mctuding Ixnder,if I.ender is s¢ch za in7i�utian)or in an}+Feder�L3ame Loan Bank.Lender sralt apply the F.ands to pay th� _--.
<br /> ' Escrow Items.i.eIIder may not chazge Arrower for 6olding aad�r.ng ths Fuads.annually��yzing the eserow acoouni,or
<br /> � verifying the�srrow Itec�,unless Lertder pays Bomsu�er interest on the Funds a.,ad applicabte law pemvts LEtder to mataz sush �`�
<br /> �. � a charge.However,Ixn�rr may require Bortawer to pay a one-tiine diarge for an independsnt real estxte ra�reporting service
<br /> • used by L�-.�der in oormection with�tlus loan. unless applicable law provides �therwise. Unless an agreemeat is made or
<br /> �- . applic¢6te i,�ceqaiies interest to be paid,l.ender shall aot be rec�:°._�ed t�,pay�orrower any interest or earnings an the Funds. �''.�
<br /> ` Borrower:�i Y.ender m��r�agree in wridng,however.that interest�aall be paid on the Funds.Leuder shall giv�to Borrawer, �`'_'�
<br /> - = wit:tout c,'�er-�,an art�w�,acoouniing oC uie Fu�ds.s�owing crzdits aud Qchit�ta the Fund�and the puspose for:�1ltidt e�.h --
<br /> debit to the Funds was�de.T6e Funds are pledged as additlonal sec�iriiy for all sums serured by this Security Instnunent.
<br /> ff the C.:uds hetd by Lender exoeed the amounu pem�tued to�Se held by applicable law.i,ender sha11 acconnt to Bomawer �
<br /> for the eac.�s Funds in accordance with the requirements of applica3le law.If the amouat of tlte Fnnds t�eld by Lender as any
<br /> "'��;.' 6me is not suffrcient w pay.tbe Fscrow Items when due.Lender may so no6fy Borrower in writing,and,ia sucb case Borrower _..
<br /> �• sf�all pay to Y.�nder the�:qoint necessary to mafce up the defcciency. Boaower shall make up the deficiency in no more thxn �'•`��-
<br /> tw�ive monthiy paymec1rs,$t Lender's soIe discretion. � �
<br /> . ' Upen.payacait in fvli of all s�a secure�!by this Securiry 3r.suument, I.ettder shall prQmgtiy refun�to Borrawer�y —
<br /> • Funds held l�y Lender.If,under paragraph 2l,Lender shall acquire nr sell the Fr.operty.Lender.prior to the acqtusition ar s�le
<br /> �- , . of the Pre�t},shall a}v�fy any Fnnds held by Lender at the tim:of aequisition or sate as a eredit a�nct the sums secared by �� '
<br /> t�is Sectirity�uuutvea8.
<br /> , 3.Ap�ic�tion of Ps�mentsi.Unlessapplira6l�b.�,�provides otherarise.al}paycnents received by Lendcr under paiagraphs �,:
<br /> �. • 1 and 2 s�^be aypl�ed:first,w a�ry prepayment cbarges due��er the No!e:se�ond,to amounts payable under paragra,�'�2; �
<br /> � . third,to interest du�:fourth,to principal due:and last.ta any l�:::�arges due under the Note. .
<br /> ' .� . 4.Cdirg:;Li�:�..-•Bortower shal!pa;all taxe�,assessments.cfi�rges,fines and impos�hrms amibutnbte to the Proge�ty ' �"�
<br /> a� �
<br />. , which may attain prioriry over t6is Security Insh��t, und teasehotd payments�or gsound�re.nu, if any. Borrower sha11 pay • ��•:��
<br /> N:::_
<br /> . these o63igations in the mz�ner pmvid:d in paragrap3 2.or if not paid in that manner.Borrower shall pay them on dme directly �•�-
<br /> ' to the persnn owed payment.Borrower shall promptly furnish to Lender all nntices of an�aun*�ta be pald under Uus pazagraph. . k` �"`
<br /> � If Borrower makes these paymants directly.Horrower shall prompti1 fumish to Lender reseip��videncing the payments. —
<br /> '.'. _..� Borrower s�hall promptty discl�arge any llen wluch has prioriry over th'ss Security Instrument unless Bosrovree:(�)agrces ta • -
<br /> writing to tAe payment o r she obligation secured by���lien in a manaer accepiable to Lender;(b)contests ir good faitA the Gen :�:
<br />�.-, ' by, or defends again_M rnforcement of the Iien in. ,oa! proceedings whicR n�the Lender's op9nion o�e to prevent the .�;:�_
<br /> enforcement of the lien:or(c)secures from the hotder of the lien an ageement satiafactory to Lendet sutrordinating tl�e l3en to '
<br /> � this Security Instrument.If Lender determines that arry pan of the Property is subject to a lien which may attain priority aLer �s
<br /> . this�ecvrity Instrument,Lender:nay give Borrower a nodce identifying the lien.Borrawer s�,:;y sadsfy the lien or take one or --
<br /> � � more of the actians set foc�.h above within 1Q days of the giving of notice. . . = -
<br /> �,. Form 3028 9190
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