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<br /> 'i'ntil:'1'llt?I2�'JPi'H nll tl�e impravement�n�v�or hereafter erectcd on tho pra�n�i, mid a e.�sc�nents,nppurtenance:�,ond I�
<br /> fxtures naw an c�rct►ftcr u part ai tfta property. All replacement5 nnd additions hhull nlso be covcrcd by this Sccurity .--
<br /> 6�strumtnt.All of the forat�ing is rofcrrcd to in thin Securlry Instrument as the"Property."
<br /> BQRBUW�R CO'VBNAN'I'S that[3�orrowcr is luwfully scisc�of the estntc hereby convcyaf nnd has the right to grant and
<br /> convey the Pruperty ancl thut tlie Pro�erty is unencumbered. except for encumbrances of record. Borrower wnrrants and will
<br /> defritid ge�xrally the title to tho Property against all cluims and demands.subject to any encumbrunces of recnrd.
<br /> THIS Sf?f't1R�TY INSTTtUMBNT combines unlforn�covcnanta for national usc and non-uniform cavcnunts wlth limited
<br /> yur{�tln��c h��t.1.�iir�inr�rn r�nctitom w unifnrni sccu�ity lnstrunknc covcrins rcal property.
<br /> UNIFORM CUV�NAN1'S.Aorrower und Lender covenunt nnd agree as follows:
<br /> 1. Paymcnt oY Princippl wnd Interest; }'repwyment and LAte Charges. Iiorrower shall promptly p�y when due the
<br /> principal of nrul interese on the debt evidenced by the Note and any prepayment and lute chnrges due under the Nate.
<br /> 2, �tndq tor Taxc.w wnd Insurance. Subject to applicable law or to a writtcn wAivcr by l,cndcr, Borrower shnll pay to
<br /> I.cndcr on the day monthly puymento are duc uridcr the Noxe, until thc Note is pa3d in full,a sum("Funds")for: (n)ycarly taxes
<br /> and nssessments which may nttain priarity over this Security Instrument as a lien on the Property:(b)yearly IeasehQld payments
<br /> or ground rents on thc Pruperty,if eny;(c)yearly hazurd or property insurance premiums;(d)ycarly flood ir�sunutce premians,
<br /> if nny; (e)ycarly mortgage insurance prPmiums, if nny: nnd (�any sums payable by Borrower to Lendcr, in accordance with
<br /> thc provlsiuns of paragrapti 8,in lieu of the paym�nt of mortgage insurance premiums. These items ure cstlled"L'scrow Items." —
<br /> I.eixler muy, at any time, collect und hold Punds in un umount not to exceed the maximuin a�nount u lende� for a federally
<br /> related mortgage Ioan may require for Borrower's escrow uccount under the federal Rcal Estate Settlement Procedures Act of
<br /> 197A us u►i�end�i i'rom time to time, 12 U.S.C. Scction 26U1 et seq. ("RESPA"). unless another law that applies ta the Funds
<br /> sets a lesser anwunt. If so, Lender muy, at any tlme, collect and hold Funds in an amount not to exceed the Iesser aimouat.
<br /> Lender may cstimutc die amount of Funds du�on the basis of current data and reasonable estimates of expenditares of future
<br /> Escrow Items or othcrwise in uccordunce with applicable law.
<br /> The Funds shall be held in an institution whose deposits are ins�ired by a federai ngency, instrumentality, or cntity
<br /> (includin�Lender,if Lender is such en institution)or in:my Federal Iiome L.oan Bcuik. Lender sh�ll apply the Funds to pay the
<br /> �scrow Items. I.ender may rtot charge Banower for holding and applying the Funds,annually Analyzing d�e escmw account,or
<br /> vedfying the Escrow Items, unless Lender pays Borrower interest on the Funds and eppl'ecable law permits I.ender to make such
<br /> a charge. However, Lender may require Borrcwer to pay u one-time charge tur an iildcpend�u� r�,3�cstnte tax reporting se�vice -
<br /> used by Lender in conntction with this loan, unless applicable law provides otherwise. Unless un ugretment is made or
<br /> applicable law rcquires interest te be paid, Lender shall not be required ta�ay Borrawer any interest or cainings on the Funds.
<br /> �rssr�r s:sd:.:,ssdcr m:.y agree in��rl:inD, ho:ec�:r.!hA2 int�!+e�r chall hc�:�aid�n the �unds. Lendar shall�ive to Borrower. �
<br /> without charge, an annual accounting of the Funds. showing credits and debits to the Funds and the purpose for which each
<br /> debit to the Funds was made.Tl�e Funds are pledged a,additional security for all sums secured by this Security InstrunKnt.
<br /> If the Funds held by Lender exceed the amonntg permitted to be held by applicabte law, Leixler shaU account to Bo�rower .
<br /> for the excess Funds in accordance with the requirements of applic�sble law. If the nmount of the Eunds held by Lender at any
<br /> time is not sufficient to pay the Escrow Ttems when due.I.ender may so notify Bonower in writing,and,in such case Borrower
<br /> shall puy to Lender Uu emount necessary to make up the defici�ncy. Borrower shall mnke up the deficiency in no more than
<br /> twelve montlily payments.at I.ender's solc discrction. '
<br /> Upon payment in full of all sums secured by this Security lnstrumcnt, Lend�r shall prompdy refund to Horrower any
<br /> Funds heid by I,ender.If,under paragraph 21, i,ender shall acquire or sell the Property.Lender.prior ta the acquisition or sale
<br /> of the�^roperty, shall apply any Funds held by Lender at the timo of�cquisition or sale as a credit against the sums secu�ed by
<br /> this Security Instrurrant.
<br /> 3.Applkatlon o�Pnyments.Unle�s applicable!nw provi�!es otherwise,a11 payments reccived by Lcnder under paragraphs
<br /> 1 a�xi 2 shall he applial: first,to nny prepaymcnt charges duc under the Note;sccond. to nmounts puyable under paragrnph 2;
<br /> ttiird,to interest due;fourth.to principal dae;and]nst,to uny Inte chArges due under the Note.
<br /> 4.Clu�rges;I.ter►9.Borrowcr shall pay all taxes,�ssessments,churges, Cnes and impositions uttributable to the Prapcity
<br /> which mwy attain priority over this Security Instrument, And Icasehoid payments or sround rents, if any. Borrower shall pay
<br /> thcsc obligations in tha manner provided in puragraph 2.,or if not paid in thlt manner, Borrowcr shall pay them on timo direGtly
<br /> iv ii�n perawi uwcS j,ayineitt. Ea,�owc;shall pram�sly furnish ro L.ender s!i notic=S 4F�S114Ll2[9 IO fl�nai�l�TN�rr thi��faragranh.
<br /> If Barrower makes these payments direcNy,Honowcr shall promptly fumish to Lender reccipts evidencing the payments.
<br /> Borrower shall promptiy discharge any lien which has priority over this Security Instrument unless Borrower: (a)agrees in
<br /> writing to the payment of the ot�ligation secured by the lien in a manner ucceptabic to Lender;(b)contests in good faith�he lien
<br /> by, or defends aguinst enforcement of the lien in, Icgal procceclings wE�ich in the L.ender's opinion operate to prevent the
<br /> enforcement of the lien;or(c)secures from the holder of the lien un agreement satisfactory to Lender sutx�rdinating the lien to
<br /> this Security Instniment. If Lendcr dctcrmines thAt uny part of the Propeny is subject to n licn which mt�y nttain priority ovcr
<br /> this 5ecurity Instrument, L.cnctcr may give i3onowcr a notice identifying the Ilen. Bonower siiall satisfy thc lien or tuke one or
<br /> more of thc nctions sci forth afwve within 10 duys oti the giving of notice.
<br /> Form 8028 9lti0
<br /> Paqn]or e
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