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<br /> TOOETHBR WITH dl the improvement� now or hereafter eractod on the pmperty,and�II wcement�.appune�,�nd
<br /> fiatura� naw or her+aRu a p�rt of �he Prop�r1Y. All replacemcnt� and �lditionr slwll alco bo coverod by thf� 9ecurity
<br /> In�urnc�t. All of the foreguin�i4 rcfeROd w in Wc Socuri�y inctrumcnt an tho"Property."
<br /> BORROWBR COVENANTS thot Barmwer is 19wfully ccicod��P tho ect�te hereby conveyod ond hag tho dght to�rant�nd
<br /> convey the Property ond that the PropeRy is unencumberad, eacept for encumbranc�es oi record. Bornower wxrnu�u u�d will
<br /> defer�l genernlly ihe Udo to�f�e Propeny agAinsi�II cl�lms and demand�.subjoct to uny encumbr�ncea of record.
<br /> TNIS 3ECURITY INSTRUMENT combina unifortn a�verwnt�far nationol uae and non�unifann covenrnir with limlted
<br /> vulationi by Jurisdtctfoa to rnn:tlwtc a unifortn socu�ity instrument wvcring rcal property.
<br /> � UNIFORM COVENANTS.Borrawer and Lendcr covenant und agree es follows:
<br /> ._-- - 1. rAymeo�or�pa�and m�ere�i i'repayment �ad Iate ClwRes. Bomawer shall prompt�Y PaY When due the�
<br /> principnl of Nnd 3nterest on the debt eviJencod by the Nate und any prcpayment and Iate cherges due under�he Note.
<br /> 2. F�od�tw T�xes iutd Insurnoce. Subjoct to applicable law or to a writtan waiver by Lender.Boreower sh�ll pay to
<br /> Lender un thc day monthly payments erc due under the Note,un�il the Notc is pnid in full.n sum("Funds')for: (a)yearly wxea
<br /> and asse�srt�ntc which may attaln pdoriry over this Security Instrument as a lien on ihe Praperty:(b)yearly leacehold payment�
<br /> _ � 3L or grnund rcnts on thc Property,if any;(c)yearly iw�rd or property i�surance prcmiumg;(d)ycarly 8aod insurance prcmiums,
<br /> if any; (e)yeariy mongage insu�ance premiums. if any; and(�any sums payable by Borrower to Lender. in acoordence with
<br /> the provisions of paragraph 8.in lieu of the payment of mongage insurance premiums.These itemx are called"Psc�+nw Items."
<br /> Lender may. at nny timc.collect and hold Funds in en emouM not to exceed the maximum amount a lender for a federally
<br /> rcl�ted mortgagc loan may require for Borrower's escrow accc�unt under the federal Real Estete Settlement Procedurcs Act of
<br /> 1974 tis amendod from time to time. 12 U.S.C. Section 2601 er seq. ("RESPA"), unless another law tlwt applies w Ihe Funds
<br /> - � -__ - sets u lesser amount. If so, Len�ier may, at any time, c�llact and hold Funds in an smwunt not to exceod the lesser anwunt.
<br /> =-- Lender may estimate the umount of Funds due on the basis of curnnt data end reaconoble estimates of expenditurea of Poture
<br /> - Fscrow Items or dhenvise in acco�dnnce with appUcable law.
<br /> I � � The Funds ahall be held in an institmfon whose deposits are insured by a federal agency, instrumentality. or entiry
<br /> T_,__���� (iocluding I.e�der,if l.cnder is euch un institution)or in any Fedcral Home Loan Bank.I.ender shall apply the Funds w pay the
<br /> _- - Escrow Itcros.I.ender mny not chw�gc Borrower for holding and applying the Funds,annually analyzing Ihe escrow acxount,or
<br /> - -- -- verifying the Escrow Itemg,unless[.ender pays Borcower interest on the Funds and applicable law permita Lender w make such
<br /> ��_���'� ;�(�~ a charge. However. Lender mey require Barrower to pay a one-�ime charge for an independent real estate tax reponing service
<br /> °�'� !'� used by I.ender in connection with this loan, unless applicablc law provides othenvlse. Unless en agrecment is made or
<br /> �;.�� '!1 �� �i+t:iql upplicable law requires interest ro be paid. Lender shall not be rcquired to pay Borrower any interest or earnings on the Funds.
<br /> — Borrower and Lender may agrec in writing.however,that interest sh�ll be paid on the Funds. l.ender shall give to Botrower.
<br /> i� with�►ut charge, an annual eixounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> •�.;; �� 'c. debit to the Punds was made.The Funds are ed ad as additional securit for all sumg secured b this Securit Inswment.
<br /> _, e;�i�p+%�<r.:a",'. P� S Y Y Y
<br /> ':r•+*. �,•.•,�q••�h � • If the Funds held by l.ender exceed th�amounts permitted to be held by appiicable law, i.ender shall account to Borrower
<br /> -:� �a�' {••�,�" for the excess Funds in accordance wlth the rcquirements of applicable luw. If the amount of ihe Funds held by I.ender At any
<br /> .,.,_ n:r t �,
<br /> - °. �; x :�-•:, time is not sufficient to pay the Escrow Itema when due, I.ender ms�y so notify Borrower in writing,and,in such case Borrower
<br /> . �����'•��:�f�� shall pay to Lender the amount necessary to muke up the deficiency. Borrower shall mnke up the deficfency in no more Ihan
<br /> ~ �`"••� '�';'� twelve monthly payments,at[.ender's sole discretion.
<br /> ' F �"��1"' `�''`� �� Upon payment in full of all sums secured by this Securlty Instrument, l.ender shall promptly refund to Borrower any
<br />_�: ' .�:• ',
<br /> -" � '�""��' Funds held by Lender. If.under pamgrnph 21, L.ender shall ucquire or sell the Property,Lender,prlo�to the acquisition or sale
<br />_ '� a:•J,,* � � of the Pro
<br /> perty, shull apply any Funds held by Lender at the time of acquisition or sale ag a credit against the sums secured by
<br /> "°`� � this Security Instrument.
<br /> i����•'•�..
<br />_�„ ,�,,,,,,., ��i 3.Applkation of Pnyments.Unless upplicnble law provides cxherwise,all payments received by Lender under paragrephs
<br /> ',°�7"t•�'- � ` 1 und 2 shall be appliod: first,to any prepayment charges due under the Note; second,to amounts payable under paragraph 2;
<br /> =-"``° � • third.to interest due;fourth,to principal due;and Ipst,to any late charges due under the Note.
<br /> ='� .'� � :'�}�"'' :•. 4.Clu�rges;Lien4. Borrower shall pay all �axes,assessments,charges, fines and impositions nttributable to the Property
<br />.. -.f'Y � y,,;�� .�'
<br />_ � which may attain priority over this Security Instrument, and Ieasehold payments or grcwnJ rents, if any. Borcower shall puy
<br /> ' y��=4,�'";, ��'�� these obligations in the manner provided in parvgruph 2,or if not puid in that manner. Borrower shall pay them on time directly
<br /> :'``t'"''r1'%._ . to the person owed payment. Borrower shall promptly furnish tu Lender ull naices of�mounts to be ps�id under this paregroph.
<br /> _ _'M�nM..�....
<br /> " � `'� � '� If Borrower makes these payments dircctly, Borrower xhaU promptly furnish w I.e�xier receipts evidencing the payments.
<br /> � xu:r...�,�
<br />-_� � x : .- Borrower shnll promptly dischurge uny lien which ha�priixity over�hia Security lnstrument unless Borrower:(a)agrees in
<br /> ' �a"'�� � writing to the payment of the obligation secureci by the lien in a munner acceptuble to Lender; (b)contes�s in good faith the lien
<br /> r,:;e .
<br /> .:,� , by, or defends against enforcement iif the lien in, legui prcxc�ings wNirh in the Lender's opinion operatc to prevent the
<br /> enforcement of the lien; or(c)recure�from the holder of Ihe lien an agreement satisiuctury to Lender subordinating tlie lien to
<br /> �''�` • .�
<br /> , „ � ±��• - this Security Instrument. If I.�:iuler deterniin�� that any pan ot'thc Property is suhjert to a licn which muy Atluin priority over
<br /> � this Security Instrument, Lender may givc Burr��wer a nuticc iJentifying�hc licn. Borrower�hall sutisfy ihe lien nr tuke one or
<br /> � . -ti,•_ � more of tiie actions set forth above within 1 U dny�ol'the givin�ol'nulire.
<br /> ' Form 3026 8/80
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