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<br /> � ' TOGETHER WITH ull the im sovements now ar hereaRer eracted on the ro e a�sd all eatements, urtenances,and �}'
<br /> P P P rtY• 3PP �'�-
<br /> �. '� fixtures now or hereafter a part of the pmperry. All replacements and additions shall also be rnvered by this Security �
<br /> �.�
<br /> Inswm:nt. All of the foregoing is referre�to in this Security Instrument as the"Property.° ��
<br /> BORROWER COVENAN'fS that 8orrower is lawfully seise�of thc es�ate hereby rnnveyed and has the right to grant and _•'��
<br />� . convey the Property and that the Property is unencumbered, eacept for encumbrances �f record. Borrower warrants and wiU
<br /> ' defend generaUy[he title to the Property against ail claims and demands,subjert to any encumbrdnces of record. ''�'_
<br /> � THiS SECURII'Y INS1'RUMENT combines uniform rnvenants far national use and non-uniform covenants with limited ��
<br /> _ variations by jurisdiction to constitute a uniform security instrument covering real property. ;.";.`
<br /> � UMFORM COVENANTS.Borrower and Lender covenant and agree as follows:
<br /> r.>
<br />" •. 1. Paymeat nf IarIncipal and Interest; Prcpaymeni aad Late Ciwrges. Burrower shall promptly pay when due the �f�^.
<br /> principal of and'uuerest on the debt evidenced by the Note and any prepayment and late charges dne under the Note. �`'`-"``
<br /> _.� 2.Fuads for Taaes and jnsaraao�Subject to applicable law or to a written waiver by Lender, Borrower shall pay to ��=��
<br /> � Lender on t�day montlily payments are due under the Note,until the Note is paid in fuli.a sum("Funds")for.(a)yearly taxes �=__:
<br /> and assessments whieh may attain prioriry over this Security Insuument as a lien an the Property;(b)yearly lease6old payments ��'
<br /> �,�•�: or ground rents on the Property.if any:(c)yeariy 6a7ard ar pruperty insutance premiums:(d?Yearly ftaod insuraace premiums, �'�='
<br /> if any; (e)yearty mortgage insw�ance premiums, if any;and (�any sums payafile by Borrower to Lender,in accordance with =-
<br />. �'�� the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums.Th�e itcros are called"Fscrow Items." �.•.-�- :
<br /> : � Lender may, at any time. coilect and hold Funds in an amount not to exoeed the maximum aiuount a lender for a federally �'i--
<br /> . � retated mortgage loan may requ�re for Borrower's escro�v account under the fc:�eral Reat Fssate Setttemeat Procedures Ad of �.•'�
<br /> '. I974 as amended from time to tia�e, 12 U.S.C. Secaon 2601 er seq. (°RFSPA"y.unless another la�v that applies to the Funds ��
<br /> sets a lesser amoun� If so, Lender may, at any dme, collect and hotd Funds in an amount not to exceed the lesser amouat. T
<br /> Lender m�y estimate the amount of Funds due on the basis of current data and�easonable�timates of eapenditures of future �'`��_
<br /> � ,;.�•-
<br /> . Escro�v i�s�or otherwise in a000rda:►ce with applicable law. _—
<br /> 'fhE C'-unds si�all be held in an iastitution �vhose deposits are iasured by a federa! �:ncy, iestrumentality, or entity �=`
<br /> ` � (including Lender,if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall appty the Funds to pay ttte -�'
<br /> . � Escrow Items.Lender may not charge Borrower far 13�i•�Ing and applying the Fnnds.annually analyang the escrow account.or
<br /> verifying tF�e Fscrow Items.unless Lender pays Borrower interest on the Funds and applicable law permits Lender w make such ----
<br /> a ci�arge,i3s3wever,Lender mag re.quire Borrower to pay a one-time charge for an independe�.t seal estate tax reporting service � �`
<br /> `'•''���� u.�ed by f�der in connoction with this loan, unless applicable !aw provides otheras+ise. r'!•�ess an agreement is made or
<br /> . �: �-
<br /> applicabte fa�v requires interest to be paid.Lender��a�.aot be require�m pay Bur.�ower any inserest or eamings on the Funds.
<br /> Borrower and Lender may ngree in wri6ng,howe��r r�interest s4all be pai���a the Func's. Lender shall give to Borrower, —
<br /> without chaxge,an annual accounting of the Funds, showing credits and debits to the Fua3.S.�.�d Yho parpose for which eac}i �'-` "
<br />`''�;;;: debit ta[t��:i�tuzds was made.The F��.�^�c plslged as additian�.:l•s�°rsity for all swns seci:t�tE�t-a u"�ia Sec�riry Insuumeet.. �
<br />'"�`�`` If t�se I"-unds held by Lender exc�n3:fi��amounts permitte3 t�Iae�^e!d by applicable law,�xn�ler sbnll acoount to Aam�+er �`
<br /> 4-�`�:'"�: �nr the ez�s Funds in u000niance with the reguir�x�ts of app�icable law. If[ha amount of the Funds I�htd�y Lender at any --—
<br />` ' ' time is not sufficieai to a the Escrow Items when du:z.I.ender ma so nou 8arrow�in vrri
<br /> .,�•..�;, p y y fy ting,and,ia�avch case Borrower
<br />':�5 'f shall a to Lender the amaunt necess to make the deficien Borrower shs�ll cntilce u the deficiem m�o more than �
<br /> ,��:,. P Y �Y �P �7+• P �Y � _._
<br /> "�'�'�`� twelve monthly payments,at Lender s sole discretion. °��'
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<br /> Upon paym�nt in full of all sums secured by this Securiry Instrument. Lender shall promptly refund to Borrower any �• ' '
<br /> `,. � Femds held by Lender.If.under paragraph 21.Lender shall acquire or sell the Properry. Le�er,prior to the acquisition or sale �`
<br /> '.� of the Property,shall appty any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by � =
<br /> this 5ecuritX In.suttment. �•��.:�
<br /> 3.J�;,���I�Jcal�on of IIlaymeats.Cntess applicable law prov3da�atherarise.all payments received by Lertder under para�p�vhs
<br /> 1 and 2:.tstil7:i�applied: first. to���^tq^,ayment charges due�rdvr the iVote; second,co amounts payable under para�ia�ti 2; �
<br /> ' third,to interest due;fourth.to pricac�rU�ue:and last.to any late charges due under the Note. —
<br /> . 4.Chatges;Liens.Borruwer%'�,c:;�ay all tas.er..assessmenu,charges, fines aisd impositeons attributaflle to the Property
<br /> �rrhith may attain prioriry over this��ur,'ty Instnc.�ent. and leasehold paymenu or groand rents, if acry. f3i�r�ower shall pay
<br /> thesc obligations in the manner provi,i��i�n paragraph 2.or if not paid in that manner,Bonowerr•ltall pa;?ti%n on time direc,tlly �'•�"�
<br /> % to the person owe6 payment.Eorro��r�r;�iull prompdy fumish to Lender all notices of amnunts tu 4�e paid undcr this paragraph. — --
<br /> � .f If Borrower makes these payments dir��';y,Borrower shall promptly fumish to Lender receipts evidencing the payments. ��F°
<br /> . Borrower shall pron{�tly discharge any lien wric3�has priority over this S«:uriy Instrument unless�o.rn*.wer:(a)agrees in
<br /> , writing to the payment n��ii�e obligation secured by the lien in u masmer acce�i:�lsle to Lender.(b)contests iir��+3od fuith the lien ��
<br /> � . , by, or defends against enforcemau of the lien in. legal prace�adings wh'sc�_ i:s the Leader's opinion opersie to prev�3 the
<br /> . �, enforcemait of rh£f�ea;or(c)sece��.i�C>m the halder of the lia�n an agmem�st.��ntisfactory r.�Lender subordinating tIie tirc�to �
<br /> . ; this Security [n�tsumw-u. If Lender ite;�,�ines thtu any part of the Praperty is subject to a(ien which may attain prioriry ovet ��'
<br /> ' ' this 5ecurity Instrumeat. G.e�drr msy give Borrauv'r�natioe identifying the lien.Borrower shall satisfy the lien or take one or
<br /> . �; mom of the actions set farrit aUt►ve withln 10 days of t."tu givi.ng of notice. —
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<br /> ' � Form 3028 9190 -
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