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<br /> ' • .., "�• ' TO(3ETIiBIt WITH all thc Impravemen�s now cx hercafter erec an the propeny.and oll easemcnis,appu _
<br /> �- .. �. _�.'�� and fix�uro�now ar hereAiter+�part of Ihe property. All replecemonte and additiona ehall Aleu be covered by this Security
<br /> ' • Inuroment. All of the foregoing iti�efered to in tfiie Seci��i�y lnatrument os the"PropenY•° �
<br /> BORROWBR COVENANTS tlwt Borruwer is lawfully seised of the eetate hcreby conveyed and hos the riBht to B�n�
<br /> + � , and convey the Ropeny and that the Property ie unencumbered�except for encumbrance�of rec°rd• Bort°�'�w�'��
<br /> --- � ; will defcnd genenlly 1he tille to ihe Propeny a�ainu+�II cialma and demands,wbJect w mY e�u�bnnces oP rccord.
<br /> ' ' THIS SECURITY IN5TRUMENT combines uniform covenenta for nationel uae and non•uniform c.ovenantt wLb
<br /> � •• Iimiied varfationa by judsdiction ta constitute w uniform security instrument covering real propenY• —
<br /> _ .� UNIFORM COVBNANTS. Bom�wer and Lendercovenant ond agrce as fallo�wts'.�Wer eb�ll m tl a when due the L
<br /> � � 1, Pnyment oP Principal t+nd lntereat;Prepstyment and LAte Ch��+. Pf0 F Y P Y
<br /> � . principal of and intercst on thc debt evidcnced by tlie Note and any prepeyment ond late cherge�due under the Nae.
<br /> 2 Fund�for'Iti:es�nd Ineurance, Subject to appIIcable law or to a w�itten weiver by Lender.Borrower shall psiy to
<br /> Lender on the day monthly paymenta are due under the �lotc.until the Note iR paid in full,a sum l"Funds"1 ior:(a)yeurly
<br /> •• ' taaes and pssessmente which muy atlain p�iority over lhis Secudty Instrument ss a lien on the PropertY�(b)Y�ar�Y�ee�hold
<br /> . ' � { payments or ground �enta on 1he Propeny. if any: (c) yearly hezerd or property insurance premiums: (d) yearly flaod
<br /> insurunce premiums, if any; (e) yearly mortgege insurance premiums, if any; and (� any suma payable by Borrower to
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<br /> Lender,in accardance wilh the provisione of puragrnph 8,in Ifeu of the�nyment of mortgege inwrance prem�ums. 'I1�ese
<br /> i�ema sre called"Facrow I�ems.' Lender mey,at any Iime,collect end ho d Funda in an amount not to excecd the meaimam
<br /> wnount a lendor for e federnlly releted morlgege loan mey requirc for Borrowerls escrow account under the federsl Real
<br /> �� Estate Settlement Procedurea Act of 1974 ns nmenJ��d frc�n►i�iie to time,12 U.3.C.�2601 e�seq.("RESPA"),unleas ana!her•
<br /> law that applies ro the Funds sets a leaser amount. If so, Lendar may,at any time,collxt and hold Funds in an ema►nt noc t° �,,
<br /> . eaceed the lesser nmount, Lender may estimate �he amount of Funds due on the basia of curreat data and rc�onabk _
<br /> e:dmates oP expenditures of fulura Escrow Items or otherwise in accordence with epplicable law. �'
<br /> The Funds shwll be held in an institution whose deposits are insured by a federal agcncy,insuumentnlity. or entiry R
<br /> (including Lender.ii l.ender is auch an insdtutian)o�in eny T�deral Home Loan Bunk. Lender shell epply the Fundc to pay
<br /> the Escrow ltems. I..ender may na charge Borrower for holding and applying the Funds,annudly analyzing the escrow ��_
<br /> � uccount,or verifying the Escrow Items, unless l.ender pays Bortower in�erest on the Funds end applicable law pertnits
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<br /> -� Lender to make such a charge. However. Lender mey require Sonower ta pay a one-time charge for an independent real __
<br /> eslate tax repaAing service used by L.ender in connection with Ihis losn,unless applicable law provides otherwise. Unless an �
<br /> — agreement is made or applicable law requires interest p be paid,Lender shnll not be reqaired w pay BoROwer any intettst or
<br /> � eamings on the Funds. Borcower and Lender may agr¢e in wriling,however,that Inte�est shull be paid on the Funds. Lender
<br /> • shall give to Borrawer,wf�hout charge,an annual accounting of the Funds,showing creditx and debits to the Funds and�he
<br /> • ', purpose for which ench debit to the Funds was made. "I7►a Funds ue pledged as addilional secudty for all sums secured by `
<br /> this Secudty Instrument.
<br /> If the Funds held by Lender exceed Ihe umounts permitted to be held by applicable law. Lender shall uccounl to
<br /> Borrower for�he excess Funds in accordnnce wilh ehe requirements of applicnble law. lf the c+moum of the Func�s held by
<br /> �� Lender at eny time is not sufflcient to puy the Escrow Items when due,Lender may so notify Borrower in writing,and,in --
<br /> ' � such cuse Rorrower shall pay to.Lender the amoum necessury ea maice up ii�deficiency. Sorro�.KS sha!! mskt t��+ ��
<br /> deficiency in no rnore than twelve monthly payments,nt I.ender's sole discrction.
<br /> Upon payment in full of all sums gecured by thic Secu�ty Inswment,Lender shnll prompUy refund to Borrower pny
<br /> — Funds held by Lender. If,under puragrnph 21.Lender shnll ncquire or seil the Property,Lender,prior to the acyuisition or
<br /> — sale of the F'roperty.shall npply any Funds held by Lender at the time of acquisition or sale as a credit aBainst �he suma
<br /> � secured by this Security Instrument.
<br /> � � 3. Applkt�tion ot Payments. Unless uppiicable law provides atherwise, dIF'payment4 received by l.ender under
<br /> , p�uagraphs 1 and 2 shell be s►pplied:first,to eny prepayment charges due under the Note;second,to amounts payable under
<br /> puagraph 2:third,to intecest due;fourth,to principal due;end last,to uny late charges due under the Note.
<br /> „ • • 4. Chargesi Liens. Borrower shull puy all taxes, assegsments,churges, fines and impoaitions attributable to the
<br /> Propeny which may attain priority over this Security Inswment,and leasehold paymenls or ground rents,if any. Dorrower
<br /> shall pay thesc obligations in the munner provided in psuugraph 2,or if not pnid in that manner.Borrower shell pay them on
<br /> time directly to ttie person owed payment. Borrower shall prompcly furnish�a Lender all notices of amounts to be paid under
<br /> � this paragrnph. if Bomower makec these payments direnly,Bortower shall promptly fumish to Lender roceipts evideocing
<br /> the puyments.
<br /> I Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrces
<br /> j in writing to�he payment of the obligation secured by the lien in a munner accep�able to Lender.(b)contests in good faith�he
<br /> '' lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion opernte to prevent the
<br /> i enforeement of the lien;or(c1 secures irom thc holder of the lien an agreement satisfactory to Lender subordinating the lien
<br /> to this Security Insuument. If Lender detem�ines that uny pan of the Propeny is subject to a tien which may anain priodty
<br /> over this Secudty Instrument,Lender may give Borrower a notice identifying the lien. Borrower shall satisfy thc tten o:take __
<br /> o�u or more of the actions set fonh above within 10 days of the giving of notice.
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<br /> '. � S. Hazprd or Praperty Iosurance. Borrower shell keep the improvements now existing or hereafter erec�ed on e
<br /> - � property insured against loss by fire,haznrds included wi�hin the tertn"extended coverage"and any other hazer�ds,includfng
<br /> floods or flaading. for which L.ender requires insurame. This insurance shall be maintained in the amounts and for 1he
<br /> — � Fbrm 3Y28 9196 (IaRt 2 oJ6 papra) �
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