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<br /> �:� T00�7'HER Wi7'H all the improvemcnts now or hereafcer erected nn thc propeRy,w�d all eusement�.appurtenunces,
<br /> °r and tixlunea now or het+eAfler A part of the property. All replacemenls and additiona sh�ll alco ba cavered by this SecuHty
<br /> �d.. Insirument. All of the forcgoin�is rcfemed ro in thia Securfty Inepvment as Ihe Propeny."
<br /> _ t ,„... . _ BORROWER COVENANTS ihac Sorrower is lawfully seired of the estutc hercby rnnvcyed a�d hns Ihe right to grant
<br /> ' '"" � and convey the Property and that the Property js unencumbered,excop!for encumbrancea of recard. Barrower wwrnnla And
<br /> , will defend genernlly 1ho Iitle w the Propetty Against ull claims and demandr,subJect to uny encumbrances of record.
<br /> TMS SECURITY 1NSTRIIMEN7' combines uniform covenants for national use und non-uniform covenants wlth �_
<br /> �•,.� limited varladons by jurisdiction to constitute a uniform sccurity Insqvment covedng real property.
<br /> , �•� UNIFORM COVL�NANTS. Horrower and Lender covenent and agree as fallows:
<br /> --=���� 1. Payment ot PrincipW aad'interest;Prepayment And LAte Chorgea. Borrower shull promptly pay when due the
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<br /> , .;^ �-- principal of and inter�cst on thc debt evldenced by the Note and any prepayment and lete charges due under the Nate.
<br /> ,,,,_�� Z. F�nds Por 7qxes aad Insurance. Subject to appNcaWe law or to a w�itten waiver by Lender,Borrower shall pay to
<br /> �+�� "' Lender on the day monthly payments arc due under the Note.until the Note ia paid in full.a sum("Funds")for: (a)ycarly
<br /> � ��' �� ta�ces and assessmenta which may a�tain pdority over this Secudty Insdument as u lien on the Property;(b)yearly leasehold -
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<br /> � - _ � �". paymenta or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood
<br /> _�;::;�.;Q ,°.i��,~ insurance prem�ums,if any: (e) yearly mortgage insurance premiums, if any; and(n any sums payable by Borrower to
<br /> �vwa:�...:,:-;. Lender.in accordance wlth the pmvfsions of paragraph 8,in liou of thc pnyment of mongage insurance premiums. These
<br /> �� ,,.��,,, items are calkd"F.scrow Itema." L.ender may.at eny dme,collect and hold Funds in an amount not ta excced the maximum
<br /> ������� �- • •=� - amount a lender for a federally releted mortgage loan may require for Borrower�s escrow account under the federal Rea!
<br /> ?"�' I• Fatwte 3ettlement�'rocedures Act af 1974 as amended from time to time. 12 U.S.C.§2601 et seq.(��RESPA").unless another
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<br /> __ „ �r.,,�..�iv-. law thet applics to the Punds sets a lesser amount. If so,Lendermay.at any tlme.collect and hold Funds in en amount not to 61
<br /> `-"���x•�'`'`�`��'�� exceed the lesser nmaunt. l.ender may esdmate the amount of FYmds due on the basia of cuRent data and reasonable �-
<br /> ',,;�°:�;',''�;`��;' :'�;`� asUmates of expenditures of future F.scrow Items or otherwise in accordance with applicable law. � �•�
<br /> _ '° °'' „�. The Funds shall be held in an institution whosc deposits are insured by a fedcral agency, jnstrumentality,or entity `
<br /> '�_�'*:-��� •��', �; ' : •� (including Lender,if Lender is such an i�atitution)or in any Federal Home t.oan Bank. Lender shall apply the Funds to pny r__
<br /> °��;�+,fi�,� the Escmw Items. l.ender mey not charge Borrower for holding nnd applying the Funds,annually analyzing the escruw � -
<br /> �. � �� account,or verifyl�g the Escrow Items. unless L en der pays BoROwer interes t on t he Fun ds an d app l i c e b l e l a w p e r m i�s
<br /> .'r,�'�°.'°`�- 't � Lender to moke such u churge. However,Lender may require Borrower to pay a one-time churge for an independent real
<br /> -':� i�i.�u;%��'"" estetc tax reporting xcrvire used by I.ender in connection with thic loan,unless opplicable luw provides atharwise. Unless un
<br /> ug�cemant is mado or applicable law requircs intereql to bc puid,Lcnder s+hull not be required to pay Borrowcr uny interetit or
<br /> _;,,,� • � •-',,.'�� eamings on�he FLnds. Borrowcr un�l.ender may agrce in writing,howcvcr,thut interes�shpll be paid on thc Funds. Lcnder —
<br /> shall give to Bortower, wflhaut churgc,un onnuul uccounting af the I�ndK,chowing credltx and dcbits to the Fundx und�he
<br /> ` �"`'"'. purpose for which each debit to U�e Funds was made. 7'he Funds are pledged as additlonal secudty for all sums secured by
<br /> _ �_�:�;�.�a,i�::...:t,.-:..i1_ thfsSecsu4sylnstnsmtnt. -
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<br /> If ihe h5�nds held by l.ender exceed the umoums permitted to be held by upplicnble law, Lender shall account to
<br /> • Bomower for the cxccss Funds in acwrdance wfth thc requirements of upplicuble law. If thc amount of the Funds held by =
<br /> •� .�'� Lender at any time is not eut8cient to pay th�Escrow Items when due. l.ender mny so notify Borrower in writing,and,in �:i;;
<br /> � �"" �� °-` ° such case Borrower shall pay to Lender the umount necessnry to tnalce up the deficiency. Borrower shall msike up the
<br /> ° deficiency in no more then twelve monihly pnyments,at Lender's xole discretion. __
<br /> � � � Upon pnyment in full of all sums secured by this Security Inxtniment, Lender shall promptly refund to Borrower uny �.c,
<br /> r " �"• " Funds held by i.ender. If,under paragraph 21,Lender shall acquire or sell the Property,Lender,prior to�he acquisition or f
<br /> � y� sale of the Property,shell apply any Flmds held by Lender at the time of ucquisition or sple as a credit against the sums
<br /> '` .�"�'" �' secured by this Security Instrument. a._
<br /> �,' " ��" �° 3. Applieation of Pt�ymenta. Unless Applicable law providea otherwise, all puyments received by l.ender under ��v-
<br /> -.—:,;: � paragraphs I and 2 shnll be applied:flrst,to siny prepuyment charges due under the Note•,second,to amounts payable under �°-=
<br /> � '""""' are ra h 2;third,tu interest due;fourth,to principal due;and last,to nny late rhurges due under the Notc. R
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<br /> �,-• 4. Chnrges; Liens. Borrower shall puy nll taxes, assessments, charges, fines and impositions attributuble to the
<br /> ,,; Property which may attain priority over this Security Instrument,and leasehold paymenis or ground rents,if any. Borrower _
<br /> � shall pay these obligations in the manner provided in paragrnph 2,�r if not pnid in that manner,Borrower shall pay them on ��
<br /> ,'" ' ��`=�' time directly to the person owed payment. Borrowcr shall promptly fumish to Lender all notices of nmounts to be paid under ,.,:
<br /> � ' � this paragraph. If Borrower mnkes these payments direcUy, Bomower shall promptly fumish to Lender receipts evidencing F""
<br /> . .� '^ the payments. �.-
<br /> •� Borrower shall promptly dischurge any licn which has priority over this Security Instrument unless Borrower:(a)agrees
<br />-,+ � �• ' in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in good tuith the
<br /> _.,;,:;-. � lien by,or defends against enforcement of the lien in,legal proccedings which in the Lender'.s opinion operute to prevent the
<br /> • . . .. . enforcement of the Hen;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien ;
<br /> �� -•• '��. to this Securiry Instrument. If Lender determines that uny pnrt of the Property is subject�o a lien which may attain priority
<br /> �+:'�� over this Security Instrument,Lendcr muy give Borcower a notice identifying the lien. Borrower shall satisfy the lien or talce �
<br /> ' ti�''F'a'��' • one or more of the acdons set forth above withm 10 days of the giving of notice. r:
<br /> ', S. Hazard or Property Insurance. Borrowcr shull keep the improvemems now existing or hereafter erected on the
<br /> , � •° Property insured against loss by�re,hazards included wi�hin Ihc term"extended coveropc" nnd any othcr haznrds,including
<br /> ° .+-�="• flaods or flooding. for which Lender reyuires insurance. This insurunce shull be maintnined in the amounts and for the �
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<br /> ,• �. . .. Form 3028 9I9Y I►wqr:oje lww�¢es1 —
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