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<br /> '1'OtaG►'H�?[i W11(1 nfl thc intp�-ovcntcnts nntt o:hcrcnftcr crcctcd on tl�c nraperty, nnd all casemcnt:,,nppu�tcnanccs, and
<br /> lixtu�'es uotv or he►'caftee u pa�t nf the pro�2rry. All ��epincementn nnd ndditinns sh.dl als�a bo cnvered by Niis Sccuriry -
<br /> In,trumcut. All uf tfic Pa��cgoing is rcfcrrcd ro in this Sccurlty Instrumcnt us the "I�roperty."
<br /> IIQRR�Wf'.R GAV[iNANTS thot l3orrowcr is Inwfully sciscd of tl�c csto.tc herehy conveyccl and has the r�ght ta grunt and
<br /> comcy ai�c Frupcny nnd tiiut tiic�'ru�xiiy I� u��e�icuiiiGc��cd, �xcept �ar cncumbranccs of rccard. Snrmt�cr waerant� a�z:! �vil! •
<br /> dcfend goncmlly tho litle to Flte Property ngalnst nll cluim�nnd demnnds,subJect to nny cncumbrnnces of rccurd.
<br /> TtlIS SCCUEtiTY iNSTRUMG+NT cambines uniforrn covcnants for natl�nnl usc nnd nun-unifonn covcnants with limitcd _
<br /> varicUions by Jurlsdl�:tion to co��stitutc n uniform sccurity instnimcnt covcring rcal propcny. '
<br /> UNIFQRM COV�NANTS.Borrowcr und Lender covenant and ngree as foltows;
<br /> 1. Nayment n�Principal and l�zter�st; Pre��ayment and I.ade Churges. Flurrower ,hall pramptly pay when due thc
<br /> princip;►I of nnJ intcrest on thc debt cvidenced by thc Note nnd any prcpaymcnt n�id Intc ch�ugcs duc under che Natc.
<br /> 2. Funda for Taxcw p�nd Insu�ancc. SubJect to npplia�blc Inw ur to a writtcn waivcr by Lcndcr,Borrower sl�nll pny to
<br /> I.eRSicr on the day monthly payments nrc duc undcr the Nate,untll thc Nate ie pnid in full,a sum("Fwids")for: (u)ycariy taxcs
<br /> nnd ussessments which muy a:tain prionty over this Security Instrument as u IIen on the Praperty;(b)ycariy lesschold payments —
<br /> ur giound rents on the Pro�.rty.if aiiy;(c)ycarly ha•r�1rd or property insurance pren�tums;(d)yenrly flood insueance premiamc,
<br /> If nny; (c)ycarly�uortgase insurnnce premlums, if any; nnd(�any sums payuble by 8orrower to Lender.in accordana:with '
<br /> the provisions of paragruph 8, in lieu of the puymcnt of mortgnge insu��ancc prcmiums.Thcse items arc callcd"Escraw Items."
<br /> Lende�may, nt miy time, collect unsl hold Funds in an amount not to exceeci the maximum ;unount u lender for n federully
<br /> related mortgage loan may requfre for Bonovier's escrow acGOUnt under the federul Re�►1 Estate SetQement Procedures Act of
<br /> 1974 as nnirnd�d!'rom time t�time, 12 if.S.C.Sc.�tion 2601 et seq. ("RESPfA"),unless another law that applies to the Funds
<br /> sets a i�sscr nmount. If so, I.endcr may. ut any time, coll�ct and Itold �unds in an amount not to exceed the lesser�mount.
<br /> Lendcr muy cstimute the amount of Funds due on the basis of current duta nnd reASOnable estimates of expenditures of future
<br /> Escrow Items or utherwise in acr.ordt�nce with applicnhle law.
<br /> Thc Funds shall bc hcld in an institution whose deposits t►re insured by n fecteral agency, instrumentality, or cntity
<br /> (including Lendcr,if Lendcr is such f►n institution)ar in any Fedcral Home Loan liank.I.ender shnll apply thc IFunds to pay the
<br /> Bscrow Items. Lender may not chnr�e Borrower for ho{ding and upplying tlie Funds, muiuolly nnalyzing the escruw uccount,or
<br /> verifying the Escrow Items,unless L.endcr pays Borrower inter�st on the Funds and npplicable 1aw permits Ltnder to make such
<br /> a charge. Howevcr, Lender may require Borrowcr to puy A onc-timc ctiargc for a�i independent reul csu►te tox reponin�service
<br /> used by L,ender in connection with this loun, un(ess applicablc law provides otherwise. Unless an ngrecment is made or
<br /> applicabls law requires interest to bc paid,Lender shall not he required to pay 8orrower uny interest or earnings on the Funds.
<br /> Borrowcr and Lender may ugree in writing, liowever, that int�rest shall be puid on thc Funds. Lendcr shall give to Rorrower.
<br /> without charge, an annual accounting of the Funds, showing credits and debite to the Funds and the purpose for which each
<br /> debit to the Funds was made.The Funds are gledged us udditiohal security for all sums secured by this Security Instivment.
<br /> If the Funds held by Lendcr excced the amounts permitted to be hcld by upplicable law,Lender shall account to Burrower
<br /> for the excess i'unds in accardnnce with ttie reyuiremencs of npplicable law.If the amount of the Funcls held by Lender at any
<br /> time ls not sufficient ta pay tite Escrow Items when duc,Lender may so notify Horcowcr in writing,and,in such casc Borrower
<br /> sholl pay to Lender the amount necessary to malce up the deficiency. Bonower shall make up the deficiency in no more than
<br /> twelve monthly paymcnts,at I.endcr's sole disc�ction.
<br /> Upon payment in full of all sums secured by this Securlty Instrument, L.ender shall promptly refund to Borrower a��y
<br /> Funds Ireld by I.ender.If.under paragraph 21,L.endcr shall ncquire or sell the Property,Lendcr,prior to the acqaisition or sale
<br /> of tir Propeny,shall apply any Funds held by[.ender at the time of acquisition or sale as n credit against the sums secured by
<br /> this Sc:curety Insnument.
<br /> 3.Ap�►licrtlon ot Paymenta�Unless applicable law provides othenvise,all payments received by I.ender under paragraphs
<br /> I and 2 shall i�e applial: first, to any prepayment chnrges due under the Note; second,to amounts payable undcr paragraph 2;
<br /> third,to intcrest duc;fourth,to principtil due;nnd last,to any late chazges due under the Notc.
<br /> A.Charges;Uens. Borrower shall pay all ta�ces,ssscssments, charges, fines and impositions attributable to the Pro�erty
<br /> which may atta�n priority over this Securiiy Instrument, and leasehold payments or ground rent�. if any. Borrower shall pay
<br /> these obligations in the manncr providal in paragraph 2,or if not paid ln that manner.Borrowcr shall pay them on time diroctly
<br /> C4 t2??r?*SQ!?�wi'��ra,yme��t. �erre�,�!nr chai!�Ipip�r(y[��nich tn i rnrlr�aIl nptic�s of�mrn�nt�tn hn n:�id ■mrler this naraQranh.
<br /> If Borrower makes these payinents direcdy,Borrower shail promptly furnish t�L.end�r receipts evidencing the p:►yments.
<br /> Borrower shall promptly diuharge any licn which hus priorhy over this Security Instrument unless Bonower: (a)agrees in
<br /> writing to the payment of tl�e obligation securecl!�y the lien in c�manuer ftcce�tabie to L,ender;(b)contests in good faith the lien
<br /> by. ar defends t�ainst enfurcement of' the lien in. legal proceedings which in the I.ender's opinion opernte to prevent thc
<br /> enforcem�nt of tl�c lien; or(c)secures fr�m the hol�ler of the lien an agre�ment s�tisfactury to Len.der subordinating thc licn to
<br /> this Sccurity Instiv�nent. If Lender detcrmines d�at any part of thc Property is subject to a licn which may att:�in priority over
<br /> tltis Security lnstrument, Lender may give Barrower a notice identifying the lien.Borrower shull satisfy th�lien or t�ke one or
<br /> morc of tltc actions sct forth ubovc within 10 days of thc�iving of noticc.
<br /> Form 3028 9lBO
<br /> Poqo Y of 0
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