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<br /> TO(iETHER WITH�dl tho impmvemente now or hen�iftcr erocted on the Pmpetty.and�ll easanatts.�ppurtenxxacta.�nd
<br /> ° '� -�� fixturca now or hereaftsr a port of the property. All mplaccments and addidons shall also be covered by thi� Sxurity
<br /> - - Insuument.All af the foregoing is referred to in thi�Security Instrument as the'Property.'
<br /> - BORROWER COVENANTS that Bonower ie lawfully tei�ad of th�estate hereby conveyed and has the right to grant�rd
<br /> _,� eonvey the Prope�ty ond tliat tha Property is unencumbered. except for encumbrances of record. BoROwer warrant�And will
<br /> _t defend generelly the title to the Property against ell claims and dcmandc.subject tu any encumbrxncex af rocord.
<br /> THIS 3BCURITY lNSTRUMENT combines uniform covenarite far netianal use and non-uniform rnvenant�with limited
<br /> ;,'�.� vtufations by ju�isdiction to constitute a uniform socuriry instrument covering rcal property.
<br /> ;':,� � � rJNIFORM COVENANTS.Borrower srnl I.�eider covetwnt und aBree us fallows: T -
<br /> �, Pnymeat of 1Mcuipol and latt�cst; Prep�yment ond l.wte Charges. Borrower shall promptly pay when due ti�e
<br /> ---_—_-__-- p�incipal of and interest on the debt evidenad by tix Note and any prepayment und Intc charges due under the Note.
<br /> --- -- 2.F�ndt[or Toxes aad Insueance.Subjoct to opplicable law or to a written waiver by L.ender, Bc�rrower shall pay to
<br /> Lender on the day monthly payments are due under the Note,until the Note is paid in full,A sum("Funds")for:(a)yearly taxes
<br /> �'�'�� and assessments which may utwin priority over�his Security Instrument As a lien on the Property;(b)yearly leasehold payments
<br /> — -' ---- or ground renta an the Property, if uny;(c)yearly hazard or property insurance premiums:(d)Year1Y flcxid insurnnce premiums. __
<br /> - if any;(e)yearly mortgege insurance premiums, if any:and(�any sums payable by Barrower to Lender. in accordance with
<br /> — the provisions of paragraph S, in lieu of the payment of martgage insuronce premiums. These items are called "Escrow Items."
<br /> I.ender may. at any time. collect and hold Funds in an amount not to eaceed the maximum amount a lender for a federally
<br /> ��rv�--��� related mortgage loun may reyuire for Borrower's escrow accaunt under the federal Real Estate Setdement Procedures Act of
<br /> ������ 1974 as amended from time to time. 12 U.S.C.Section 2601 et seq. ("RESPA"),unless another law that applies to the Funds
<br /> seta a lesser amaunt. If so, l.ender may, at eny time, callect and hold Funds in an amount nat ta exceed the lesser amount.
<br /> � `�"}'��' ' L.ender may estimate the amount of Funds due on the basis af current data and reasonable estimates of expenJiwres of future -
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<br /> �:�s•;c;-�•*�,�. Eacrow Items or otherwise in accordarrce with applicable law.
<br /> �'•'��'"'`t'� The Funds ahall be beld in an institution whose deposits are insured by n federai ngency, instrumentality, or entitv =_
<br /> � �j�r�,;�^ (lncluding Lender,if I.ender is such un institution)or in any Federal Home Loan Bank. l.ender shull apply the Funds ro pay the
<br /> ,�_`�' :, •;,�,:s��.-, Escrow Items.C.ender may not charge Borrawer for holding and app{ying the Funds,annually analyzing ihe escrow account, or
<br /> =_ �+!��='�-_ verifying�he�.vcmw items.unless L.encier pay�Borcower interest on the Funds and applicable law permits I.ender to make such
<br /> �<`�`�'�`�`�:°'� �� '�" a charge. However,I..ender may require Borrowerta pay a onc-time charge for an independent real estate t�uc reporting service
<br /> °----�..�� ''�k�� uxed by Lender in connectio� witb this loan, unless applicable law provides otherwise. Unless an agreemant is made or
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<br /> _,�y�_��. ....� appli�:able law requires interest to be paid,Lender shall not be required to pay Bormwer any interest or earnings on the Funds.
<br /> — •.,,� ,;,, . ., .,, .� Borrower and Lender may agree in wrlting, however, that interest shall be paid on thc Funds. Lender shall give to Borrower, _
<br /> -� without charge, an annual accaunting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> _�.-,-;:��"'"S"�`���?��±'� debit to the Funds was made.The Funds are pledged as additionai securiry for ali suuw,r.�urc�1 by ihis�ccurity Insirumrnt.
<br /> _ ' ... ' , � If the Funds held by Lender exceed the umounts permitted to be held by applicable law,l.ender shall acwunt to Borrower
<br /> °�� u.L,�, :, . , . • for the excess Funds in accordance with the requirements of applicuble law. If the atnount of the Funds held by L.ender at uny
<br /> � ° time is not sufficient to pay the Escrow Items when due,I.ender may so notify Bonower in writing,and,in such case Borrower e-
<br /> rJ-�.' ` ,� � shall pay to l.ender the umount necessary to make up the deficiency. Borrower shall make up the deficiency in no more thaa
<br /> `•f� .r�ai.r,.;.:�•,t twelve monthly payments,at Lender's solc discrednn.
<br />-_ - ,, . . �,, Upon payment in full of�II sums secured by this Security Instn�ment, Lender shall promptly rcfund to Borrawer uny
<br /> � , , � Funds held by Lender.lf. under puragraph 21,Lender shall ucquirc or sell the Property. Lcnder, prior to the�cyuisition or sule
<br /> �� I ~�"��~`����,"'"'� of the Propeny, shall apply any Funds heW by Leixier at�he time of acquisition or sale as u credit ugainst the sums secured by
<br /> '�:"�` '��°�'°� � tliis Security instrument. --
<br /> ,-:,j; •�'` 3.Applkation of t'aymenta. Unless applic�ble law provides otherwise.all payments reccived by [.ender under paragrnphs �.
<br />-;'":. � �,.,u;;,s._: , I and 2 shall be applied: first,to uny prepaynxnt charges due under the Nnte: �econd, to amaunts puyuble under paragreph 2; -'
<br /> �r --��;w -a�e•�•, third,to interest due; fourth,to principal due:und lust,to uny late churgcs due under the N�ne. -
<br />_,�ti.+- . •: �•�'' A q.Chs�rges: Lienv. Bormwer�hall pay ull tnxes, a,scxsments, churges,fines:u�J impositions uttributuble to the Property
<br /> , " ,�,1 � which muy attain prioriry over this Security Instrument, and IeASehold paymentti or ground rentz, if;u�y. Borrnwer shall pay
<br />- ' `�"�' these abligations in the munner providcd in pnragraph 2,or if not pnid in that munner, Bnrrowcr shall pny them on time directly
<br /> ��„_, , to the person owed payment. Borrower shall prornptly furni�h to Lcnder ul! noteces of umounts to be puid undcr this parogmph.
<br /> ��� ;,;�;,��;• . If Borrower mak�these payments directly, Borcower chull prompNy furni,h to L.ender receipts evidencing the payments.
<br /> _ Borrower shall promptly dischnrgc uny lien which hu..priority over�his Security Instrun�nt unless Borrower: (a)agrees in �____
<br /> ^'�� ' . - writing to the puyment of the obligutian sccural by thc lien in u m•rnner ucccptuble ta Lender;(b)contex�s in gaxi fuith the lien
<br /> . ;,q" �,,.,, �'` by, or defends uguinst enforcemcnt of the lien in, legal prnc�ti'ding� which in thc l.cnder'� opinion opernte to pmvent tBe _
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<br /> enforcement of the lien; or lc)sctiures from the holder of Ihe lien Un agreement satisfucu�ry ui Lender tubordinating the lien to
<br /> ' ,, n � ��' this Se�urity Instrument. If Lcnder dctcrminc�that any purt of thc Praperty i� .ubject ai u licn which muy attain priority�vcr �'"
<br /> <� , � this S��curity Instrument, Lendcr muy givc B�►rmwer a nutirr idcntifying thr licn. B��rc����•rr +hall ,ati.fy thc lirn nr take one or _
<br /> � :� - more of the uctions set forth ubove within IU Juy�ut'Ihu giving uf nutirr. ��-
<br /> +� Form 3028 8/80 �.
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