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<br /> �+ TO(iETHER WITN�II the improvementa now on c��cufter orected on thc properly,nnd e�.• �n urunances.
<br /> �o�,a�Fp
<br /> �nd pxtutes now or h�res�ikr a part of thc property All replacemenix and additions sholl nlso be covered by thfa 3ecutity
<br /> — --- tnruument. All of the fongoing is rePcned to in thic 5ecu�ity Inswment us ihe"PropeRy."
<br /> �- BORROWER COVENANTS that Borrower is luwfully scised of Ihe estate hereby conv�yed and hax the�ight to grant
<br /> and convey the Propuly and that tho ProPenY�S unencumbered.eacept for encumbrancas of record. Borrower wurrants iutd
<br /> -'d� will defend generAlly the tide to the L'ropetty agains�all claima and demunda,cubject ro Any encumbrnnces of rccord.
<br /> � THIS SECURITY INSTRUMEIVT combinea uniform covenants for nationul use and non-uniform covenanla with
<br /> (imikd viuiutions by jurisdictiun ta conatiwta a uniform security insuument covering reel property. �
<br /> -- - UNIFORM COVBNANTS. Bomower and Lender covenent and agree as follaws:
<br /> � ��.�� 1. Aayment at Priadpal and Inlerest;Prep�yment And Late Chuges. Borrower shall prompdy pay when due the
<br /> ����' prinriPal of and intc�rest on the debt evidenced by�he Note and any prepayment and late charges due under the Note.
<br /> — 2. Funds tor'lhxes�nd la�urance. Subject to upplicable lew or lo a wrltten waiver by Lender.Bortower shall pay to
<br /> .:��� I.ender on the day monthly payments are due under the Note,until the Note ia paid in full,e sum("PUnda")for. (a)yearly
<br /> ,1_ .�•�•`•'' taxes nnd Aasessrrknts which may attain pdoriry over this Secu�ity Inswment as a lien on the Properry;(b)yearly les�sehold
<br /> ��T �:"°`" � � . paymenta or ground rents on the Properry. if any; (c) Yearly hezard or praperty insurancc premiums: (d) Yearty flaod � �
<br /> -- `�,�;,��;. •� '"'• insurance premiums, if any: (e) yearly moRguge inswance premiums, if a�y; and f� any sums payable by Borrower to
<br /> '�F ��- � ' Lender.ln accordance with the provisions of paragraph 8.in lieu of the peyment of mortgage insurance premiums. These
<br />� U•`.�'.u,��,:.:.,:?.�' items are called"Escrow Items:' I.ender may,at any time.coliect and hold FLnds in an amount not to exceed the maximum
<br /> i�,�,�.-•,�• � � amount a lender for a federally reloted mortgage loan may require for Borrower's escrow account under the federal Real
<br /> �ds:;n�,;: r : Estete Senlement Procedures Act of 1974 es amended from time to time, 12 U.S.C.§2601 et seq.("RPSPA").unless another
<br /> ��;�r�;�::._:_, law that epplies to the Punda sets a lesser Amount. !f so.Lender may.at any time.collect nnd hold FLnds in an amount not to
<br /> - �-� excecd thc laser nmount. Lender mey estimate the amount oF Funds due on the basis of cunent date and neasonable
<br /> - - �'�''-'��'-'''�'`�''�"'-'�' estimates of expenditures of future Escrow Items or otherwlse in accordan�e with applicable law.
<br /> � �`.�,,;,,;�;��". ` The Funds shsll be held in an institution whose deposits are insured by a federai ngency,lnswmentulity.or entity
<br /> _-�'�;��,"��' (including L.ender,if i.ender is such an institution)or in any Federal Home Loan Bank. Lender shall appty the Funda to pay !
<br /> - the Escrow Ikma. i.ender muy not charge Borrower for holding and applying the Funds,annually analyzing thc escrow �s_,-
<br /> —=; �,'"'�`'�� • . account,or verifying the Escrow Items. unless Lender pays 8orcower interest on the Funds and applicable law permits
<br /> -""�. �•..y _ .�' , ' Lender to make such a cherge. However,Lender may require Borrower to pay a one-time chnrge for an independent real _
<br /> �ti� •' `,:' v ;��. estate tax reporting service used by Lender in connection with lhis loan,unless applicnble Is►w provides otherwfse. Unless an
<br /> . ��.-�w:• • ' agrcement is made or applkable law requircs interest to be paid,Lender sheli not be required to pay Borrower any interest or
<br /> � �;,�,,�.��;, :.� . • :, earnings on the Funds. Borcower and Lender may ag�ee in wdting,however.that interest shall be paid on the FLnds. Lender
<br /> =°� ,+ � `�*U shall give to Borrower,without cherge,an nnnual accounting of the FUnds,showfng credits and debits to the Funds and the
<br /> �' purpose for which each debit W the Funds was msde. The Punds are pledged as addidonal security for all sums secured by
<br /> r�� �'�`-� rhis Securi[y(nstrument.
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<br /> �, - if the Funds heici by I.cnder Cxc�d tiie arnaunts permitted to De held by spplir�h�r �aw, i.ender s nccoun� w
<br /> � � '' Borrower for the excess ELnds in accordance with 1he requirements of applicable law. If the amount of the Funds held by
<br /> '�' ��• �,;•�,�; ' Lender at any time is not sufftcient to pay the Escrow Items when due. Le�der may so notify Borrower in w�iting,and,in
<br /> •t:� :''.�. � , • such case Borrower shall pay to Lender Ihe amount necessary to make up the deficiency. Borrawer ahall make up the
<br /> ,._:�.>, � •� deficiency in no more�ht+n twelve monthly payments,ut Lender'�sole discretion.
<br /> a J�� , Upon payment in full of all sums secured by�his Security Instrument.Lender shall promptly refund to Borrower any -
<br /> Funds held by Lender. If,under pamgrnph 21,Lender shall acquire or sell the Ropeny,Lender,prior to the acquisition or
<br />-:. . ..,.- . .,s� sale of the Property, shall apply any Funds held by l.ender at thc time of ucquisition or sale as a credi�against the sums
<br /> :' . ,�.:�� secured by this Security Instrument.
<br /> - �� ,, - . .,.,�;�r� , 3. Application of Paymenfs. Unless applicuble Inw provides otherwise, all payments received by Lender under �._.:_
<br /> .:r:� ���:,� --�� paregraphs 1 end 2 shaU be applied:first.to�ny prepayment charges due under the Note;second,to amounts payable under
<br /> paragraph 2;third,to intercst due:fourth,to principal due;and last,to any lete charges due under the Note.
<br />: �';.� .;,�• , � 4. Chnrges; Liena Borrower shall pay all tnxes, assessments. charges, fines and impositions attributable to the
<br />" ' property which may anain priority over this Security Instrument,and leasehold puyments or ground rents,if any. Borrower
<br /> �� �:,����:.' �.:,;� shall pay these obligations in the manner pravided in paragraph 2,or if not p�id i�that munner,Borrower shall pay them on
<br /> �� ' ' time direcdy to the person owed payment. Borrower shull promptly fumish to Lender all notices of amounts to be puid under
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<br /> , �� .. this paragraph. If Borrower makes these puyments directly.Borrower shall promptly fumish to Lender receipts evidencing
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<br /> • �.' x;: � ' . the payments. -
<br /> Borrower shull promptly discharge nny lien which has priority over this Security Instniment unless Borrower:(a)ngrees
<br />` �� � . . . ' in writing to U►e puyment of the obligation secured by the lien in a manner acceptnble to Lender;(b)contests in good faith the
<br /> ; •• , . lien by,or defends ugains�eoforcement of�he lien in,le�al proceedings which in�he Lender;opinion operute to prevent the �r:
<br /> � ��' " enforcement of the lien;or(c)secures from thc holder of the lien an ugreement satisfactory to I.ender subordinating the lien
<br /> .;, �,�,;_� to this Secudty lnatrument. If Lender determines that any port of the Property is subject to a lien which may attain priority
<br /> over this Security Instrument,Lender mey give Borrower n notice identifying the lien. Borrower shall satisfy the lien or take
<br /> ' °�`*"'� � one or more of the actions set forth nbove within 10 days of the giving of notice. -
<br /> � � , S. Hsuard or Properly Insurance. Borrower shull kecp the improvements now existing or hereafter erected on the
<br /> . ' Property insured against loss by fire,hazards included within the term"extended covernge"and•rny othen c�izards,including
<br /> `�� � floads or flooding, for which Lender requires insurunce. This in�urnnce shall be meintained in the amounts nnd for the
<br /> .� , �..� � ' � Form J028 919D (PoRr 2 nj6 pagesl -
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