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<br /> ; ` TOGETHER W['i'I�all the impro�ements nover ar�ereafter e�ected on the properry. and all easements,appurtenarices,and � _
<br /> fixtures now or hec�Rer a part of the groperty. All replacements and additions shall atso be corered by tfius Security
<br /> lnstrumant.Ail of the foregoing is referred co in this Securiry Instcument as the"Property."
<br /> BORRO�VER COVENANTS that Borrotver is lawfully seised of the estate hereby conveyed and has the right to grant and �`
<br /> � rnnvey the Pro�cty and that the Property is unencumbered, except for encumbrances of record. Borrower warranu and will t
<br /> •.�4"; defend generally Ne dde to the Properry agninst ail ctaims and demands,subjcxt to any encumbrances of record. �_•
<br /> THIS SE!_'URIT1l IN5TEtUMENT combines uniform coveaants for national use and non-uniform cove�ranu with limited �,�",
<br /> • variations by jurisdiction to constitute a unifarm security instrument covering real property. �::v
<br /> � UNIFORM COVENANTS.Borrower and Lender covenant and agree as follows: �i'=
<br />�"� 1. F3►ymeat ot Prt�ci�a! und Interesd; Pt�zpaymeni aud Late Cht�rges. Borrower shall prompUy pay when due the �►��
<br /> princiQal of and intecest on th�debt evidenccxi by tiie Note and any psepayment and late charges due ru�der tke I�Iote. 6`�
<br /> �_;<..
<br /> Z. FLads for Taxes and Insutauce. Subject to applicable law ar to a written waiver by Lender. Borrower shall pay to �,rk;
<br /> Lender an the day monthly payments are due under th�Note,until tite Note is paid in fuil,a sum("Fuads°)for:(a)yearly taxes �%.�
<br /> and assessments which may attain priority over this Security Instruutent as a lien on the Property;(b)yearly leasehold payments '-°'-'�
<br /> - or gro�nd rents on the Pnoperty.if any:(c)yearly harard or property insvrance premiums;(d)Yearly flood inswance premiums. �.-�..,
<br /> •� if any:le)yearly mort�age insurance pmmiums. if any:and(�any sums payable by Borrower w i.eader, in accordance with
<br /> . the provisions of p�mgraph 8. in lien flf the payment oi m�rtgage snsurance premiums. 'These itews are calted "Escrow Items." �-
<br /> Lea�ler may, at any time, cafl.ct and hold Funds in 2n a�-nount not to excee8 the maximum aznount a tender for a federally
<br /> ' ielalt�d mongage toan may reop,aire for Bomower's��r�a000�nt under the fede�al Real Fstate Settlement Prat�dures Act of
<br /> , 1974 as amen,�d from time to time. 12 U.S.C. Sectlon 2601 et seg. ("P.FSPA").�less another law thai appties to the Funds --
<br /> sets a les.�er��ant. If so, Lender may,at any time, collect and}r�l� Funds in an aswunt not to exoced the lesser amount. ��.'. •
<br /> Lender may estimate the amount of Funds due on the basis of carcent dat�and r�asonable estimates of e�enditures of future !`�'.`
<br /> . . Fscrow Items or otherwise in axordance with applicable law. � =
<br />' • �' The Funds shall be held in an institution whose deposiu are insured by u faicrF! agency, instrumentality. or enuty _ _
<br /> (inctuding Lertder,if Let�er is sucb an insritutian,l or in any Federal Home Loan Bank. �der sh�ll apply the Funds to pay the - -
<br />-`.�,.��., Fscrow Items.Lender may nat charge Borrawer for holding and applying the Funds,anaually a.�lyzia�g the escrow account,or a�::_..
<br />�'��;�: verifying the Fscrow Items,unless Lender pays Bornower intere.st on the�unds aaid applicable law�Serniiu Lender tfl matce sucti
<br /> a chsuge.However.I.ender ma.y nequire Borrower to pay a nne-ume charge for an ind��nt r�l estate tax reporting service
<br /> . ' used by Lender in connection cvith this toan, unless �..�t�ble law provides othecctiise. Unless an Dareement is made or __—_.
<br /> ' ��` applirable law requires interest to be paid.Lender shall rnh C�s required to pay Borrower any interest or eamings on the Funds. °•�-``_.
<br /> � Borro�ver aasl i�euder may agree in writing,however. that interest s�ll tnz paid on the Funds. Le�:isr shaU give to Borrower. �
<br /> . �`i�
<br /> arithout charge, aa aAnual accoundng of t�Funds,sho�ving credits acr���r�its to r� Funds zr�fi tiin_purpose for whic6 each
<br /> debit to the Funds was made.'Fhs Funds are pledged as additional security fur all sv�,���srec3 by this Security Insuumeni. �"
<br /> ��;';` If the Funds held by L.eas�ezceed th,e antounts perrnitted to be heid by appli�r.,tsH.Leader shall accaunt to Eorrower ___-__
<br /> .;,'�-,; for the excess Funds in asoor�i;r�s+itb the�uiremenu of applicable lavi. If the�aJ�t:�f�the Funds held by Lender at any �'�'==�-
<br /> ,'z;F:.
<br /> ,�, 6me is not su�cient to pay tf;r�.��w It�a-�a;^an due,Lender may so notify Borrower�n writi�.,:sr,.d,in such case Borrowe3 ��.t�:;
<br /> �...-
<br /> shall pay to Leader t6e amau�:.��ssfar�Ua m3ke up the deficiency. Borrower shaU make ur d��+3�fciency in no more than
<br /> �:.•s
<br /> twelve monthly paymerts,at A.:a�w's so(e discretion. ;;"��"
<br /> Upan payment in full �t'.�,sums secured by this�curiry Instzument, Lendec �!»It pro�►ptly refua�d ta Borroauer aay =-___
<br />- Funds held by Lender.If,u�wec.garagtaph 21,Le¢�der shall acquire or sell the Property, Txnder,prIor to the acq�isition or sale � �;
<br /> of the Property. �I��•►►.applp any Funds held by Lender at the time of acqaisirion or sale as a credit against the sums secured try
<br /> this Securiry Ins:r�.,,��t. . ��
<br /> � 3.Applieation of Payra�,+�rs�.Unless applicable law provides oth�nvise,all paymr�s received by Lender under paragray�s � �'.��,,'a�::;
<br /> `�;; 1 a�r�2 shaU be applied:firsi..�any prepayment charges due under the Note;seconf. t�,�nounts payable under paragraph 2; �`=`_
<br /> tsaar�„co interest due;fourth.to principal due;and last,to any lare charges due under sfr,�PTcs�_. ;;'�::::_
<br /> �i.Charge�s;Li�s.Borrower shall paY all tanes,assessments.charges. fines arr� is�csitiar,:s.�un'butable to the Property L!�1?'
<br />` �`�"��.� �"�ich may attain priority over this Secud�� Tnserument, and leasehold paycaents or gmi�f mnt�. if any. Boaower sl�all pay ��;.
<br /> •'1¢L'r ,•.. .-
<br /> "S darr:s�obligations in the mann►r provided in�Eragraph 2,or if not paid in that manner,R.c��d:ver�,o:il pay thetn on time d'uoctly .�r;�ni�J
<br /> . , tr���;r:person owed gaymea�t.Srvmrower shall promptly furiFi:�f:to Lender all notices of.at�aL,�unGs to be paid under Wi�paragraph: �;;u;_
<br /> ft'ff��rrower makes these p2yavxv:�directly.Borrower shai§prompQy fumish to Lender roceipis evidenring the payments. :s�r;:
<br /> Borrower shall promptly discharge any lien which has priority over this Security Insnument unless Borro�ver:(a)aorees irr, �''
<br />� writing to the payment of the obligadon secured by the lien in a manner acceptable to Ixnder.(b)oontests in good faith the li.rr `��__
<br /> " by, or defends against enfosac:nent of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br /> asfiar;ement of the lien:or(cE�xures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to �x�-�
<br /> ��;_:,..
<br /> �frt���ecurity Instrument. lf Lender determines that uny pnrt of the Properry is subject to a lien which may attain priority over �;x;:__
<br /> ••:',::; t#�3s Security In_rr:tnent.Lender may give Barro�ver a notice identifying the lien.Botrower shalt s�tisfy the lien or ttilce one or �
<br /> more of the a�i,irs set forth above within 10 days of the giving of notice. 4�f'.
<br /> �
<br /> Form 8028 8l$Q =
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