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<br /> '['OG�:TIIG�R Wlri-1 nll the improvements now or hercnftcr crcctcd on the prop�rty,nnd i�ll casemcnts, uppurtenanc�s,nnd
<br /> fixtut•cs na�v or f�c�•cal'tcr a pa�t of titc Nropc�iy. All replacetii�nts nnd r,ddiNons shnll ulso bc covcred by this Security ,�
<br /> Instrui�i�nt. Ali of thc forcgain�is refe;rcd to in this Sccurity Instrumcnt as tlie"T'roperty."
<br /> aORR01'�'P..�t COVG.NANTS tliat Borrower is lawfully selscd of the estatc itereby conveyed nnd has the right ta grant and
<br /> canvay the 1'roperty and that the Property is anencumt�emd. exccpt for enetimbrances of record. Horrower warrants and will
<br /> defend go��etally the title to tl�e Nroperty agninst a!1 claims nnd demnnds,subJect ta any encumbran�:es of record.
<br /> THIS SECIJRITY IN3TRUMENT combincs uniform covenants for natfona!use nnd non-unifurm cavenants with limited
<br /> vnriations by jurisdiction to c;wnstitute a unifuru�security iustrwi�eiu coveiing retU�roperty.
<br /> UNIFQRM COVENANTS. BorrowaP and L.ender coveniu�t and c�grce ss follows:
<br /> 1. Puyment ot Prirttiipal nnd lntcrest; Prepayment and Late Charges. Bonowcr shall promptly pay when due the
<br /> prjncipal of and interest on the debt evidenccd by the Note und any prepayment and late charges due under the Note.
<br /> 2. Fnndv fer TAxes and Insurnrece. S::bjzct to npplicable law or to a written wuiver by Lender, Borrowcr shall pay to
<br /> Lender on tl�e day monthly payments are due�neltr the Notc. until the Notc is paid in full,a�um("['uncls")fo�:(a)ycarly tnxes
<br />' a�id assessments which muy u?tsin priorily over d�is Sc:curlty Instrumerrt us a Ilen un the C'roperty;(b)yeurly leaschold paymenu
<br /> or around rents on the Property,if uny;(c}yeurly hazard or property insurance premiums;(d)yearly fload insuranc�premiums,
<br /> if uny; (e)yearly mortgnge insurance prcmlums, jf any: nnd (�any sums payuble by Barro4ver to I.ender. in accordance wlth
<br /> th�pravisians of Pumgraph 8, in lieu of the payment of mortgage insurance premiums. Thcsc items ure called "Escrow Items."
<br /> I.,ender may, ut any timt, callect and hold Funds in an umoant not to excecd the maximum mmount a lemler for a federally
<br /> related mongagc loan may requirc for Borrowcr's escrow accaunt undcr the fedcrnl Real L�statc Settlemcnt Procedurcs Act of
<br /> IX14 us anxnde� from time to timc, 12 U.S.C. Section 2bf11 et scq. ("R�SPA"),unlcs9 uix�thcr luw that ppQlies ta thc Funds
<br /> sets a lcsscr anwunt. IP r�, Lender mny, ut any Hmc, callect und hold Funds In nn unxiunt nal to cxcctcl thc Iesser um�unt.
<br /> Lender may esthnwto tho anxront of Fumia duo on the bu9fs c+f current duta u�xl reuM►nablo estimates�f expcnditures of futurc
<br /> �scruw Itcnts or uthcrwisc in accordancc with upplicublc law.
<br /> The Fund� shrll t►c hcld in yn lnstttuUon whnso dcp�sitx urc lny�ara,t by u fccteral ugency. instrumentality, ar cntity
<br /> (including L,��uJcr,If I..cixler is such an instilutiona�r in any Fedcrul Nomo l.onn Bunk. Lcixlcr sbnll npply thc Funds tu puy thc
<br /> �'xrow ltems, [.encler»�ay �wt charge Dorruwer for holding u�xt npplyfng tbe FurVle,annunlly i►nuly�ing the escrow acaiunt,or
<br /> vorifyb�g 1he Escrow Itcros, unless Learlcr pAys Borrower intcrest on thc!�u►xis and applicublc Inw pc;rmits[.cndcr to makc such
<br /> a charge. Ftowevcr, I.ender muy require Bonower to puy a one-time chnrge for un independent real estuto tax reporting service
<br /> used by Lec�der in cunnection with this luan, unless upplicuble law provldes c►therwist. Unless an agr�eement is made or
<br /> appUcable luw reyuires interest to be paid, I.endcti•shall not be rtquired tn pay Rorrowcr any intcrest or carnings on thc Punds.
<br /> Borrower und L.ender may agrec in writing, however, thut ii�terest shall bs paid on the Funds. Lender shall give tc►Bonower,
<br /> witt�out cha�ge, an snnual accountins of the Funds, showing credits und debits to the Funds and the purpose for whlch each
<br /> debit to the Fu�xis was made.Tha I�unds are pledged as additional security for all sums secured by this Security Instrumen¢.
<br /> If the Funds held by[.ender exceed the amounts permittcd to be held by npplics►ble law, L.ender shall accaunt to Horrower
<br /> for the excess Funds in acwrdance with thc requircments of npplicable law. If the mnount of the Funds held by Lcnder at any
<br /> time is not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing. and,in such case Borrawer
<br /> st�all pay to Lender the amount necessary to make up the defictency. Borrower shall make up thc deficicncy in no more than
<br /> twelvc monthly payments,et I.ender's sole discretion.
<br /> Upun peyment ifl full of all sams secured by this Scc:urity Instrument, Lender Rhali promptly refund to Borrower any
<br /> Funds held by Lender.If, under puragraph 21, Lender shall ucquire or sell the Prop�rty.Lender,prior to the acquisition or sale
<br /> of tlie Propeny, shall apply any Funds held by Lender at the time of acyuisitton or snle as a credit against the sums secured by
<br /> this Se�:urity Ynstrumcnt.
<br />, � 3.Appikation of Paymente.Unless applicablc luw provides otherwise.nll payments receivec!by I.ender under paragraphs
<br /> R s�nd 2 shall be applied: t�rst, to any prepayment charges due under the Note;second,to amounts pnyeble under paragraph 2;
<br /> �ihird.to intenst due;f�urth,to pdncipal due;nnd last.to uny lute charges due under the Note.
<br /> 4.Ci�arges; Liens.Borrower shall pay all taxes, assessments,charges. fincs nr►d impositions nttributable to tho Nroperty
<br />_ whicl�may attain prtority over this Security Instrument, and leaschold Rayments or ground rer.ts, if any. Borrower shall pay
<br /> thesc obligutions in the manner provided in pnragraph 2.or if not paid in that mam�er,Borrower shall pay them on tin�e directly
<br /> to thc person owal pAytnent.pnnower shnN promptly furnish to Lender all nottc�:s of amounts to be paid undcr th3s paragraph.
<br /> If Bnrrawcr makes these paymeins directly.Borrowcr shall prompdy furnish tu Lcndcr rcceipts cvidencing the payments.
<br /> Sarrower shall promptly dischargc any Iicn which has prlority over thie Security Instrumcnt unlcss Aorrower: (a)ugrers in
<br /> writing to the payment of ihe obligation sccureJ by the lien in�a manner accepwble to Lender;(b)c�ritests in good faitli the lien
<br /> by, ar defends against enforcement of thc lien in, legul proccedings which ln the I.ender's opir�;nu operate to prevent the
<br /> c:r�forcement of tht lien;or(c)serures from the tiolder of Aie lien an ngreement satisfuctory to Lender subordinating the licn to
<br /> this Security Instrument.If Lencler detern�ines that uny pnrt of t1�e Prop�ity is subject to a lien whicli ntay attuin priotity over
<br /> this 5ecurity Instramcnt,Lcndcr may givc&�rrowcr a itotice identifying the lien. Borrowcr shall s�tisfy the Ilcn or take one or
<br /> morc of thc actions set funh ubovc within t0 duys of thc giving of noticc.
<br /> Form 8028 8I80
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