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<br /> '`'OOETFIER WITH all the improvcmcnts now or hereaflcr erected on�he property.and all eaeemento.appurtenAnoe�.and
<br /> tixturea now on c�rc.aRer p part of the property. All repiacement� and addili�na stwll wlco be wverod by thi� Socudty .,
<br /> _--- - Inraumcin. Alf of ihe furcguing in�tfer��to in tfii�Sccurity Insttumcot as the"Psnpetty.•
<br /> -_ - BORROWER COVENANTS that Borrower iK lawfully ceised uf the cswte hereby conveyod and has tho right to�rant wd
<br /> .-- --- convey the Pmperly and tiuu the Propeny ia unencumbered,except for encumbrance� of recv►rd. Barrower wwrr� iud wlll
<br /> __ _ defend generally the tide to the Property agoinst all claima end dem�nd�.aubJect to any encumbrances of rerord.
<br /> �--- -- -- THIS SECURITY INSTRUMENT combincs uniform wvenunts for nudonnl usc nnd non-unifurm covcnants with limited
<br /> "°s -- varlatiana by jurisdiction to wnedtute a uniform securlty instrument covering real prapeAy.
<br /> _��% UNIFORM COVBNANTS.Barrowerartd Lender covenont and ogree as follows:
<br /> 1. Payment of Principal and Intereat= Prepnyment and l.nte �har�ea. Borrowcr shall promptly pay when due the�
<br /> - - --' principal af and interest on the debt evidencod by the Note and any prepaymen�and iate chargea due urider the Nate.
<br /> =—--=='=�'-� 2. M`unds tor TAxes and Insurance.Subject to applicable low or �o a written waiver by l.ender, BoROwer shall pay to
<br /> _ ___=�T:�� Lender on the day monthly payments sirre due under d�e Note.until the Note is pufd in full,a sum("Funds")for:(a)yearly taxea
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<br /> and assessmenta which may altain priodty over thia Securlty Instrument as a licn on the Propeny;(b)yearly Icasehold payment�
<br /> -�- or ground renta an the Property.iP any;(c)yearly hazard or property insurance premium.g;(d)yearly flood insurance premiums,
<br /> ------- if any; (e)yearly mortgage insuronce premiums. if any;and(�any�ums payable by Bonower to L.ender, in accordance wlth
<br /> - -- the provisionc of paragraph 8. in lieu of die payment of mortgage insurance premiums. These items are ealled "Escrow Items."
<br /> ��."'y"`�!�� Lender may,at any time. collect and hold Funds in an amount not to ex��eed the meximum amount a lender for e federally
<br /> —=-- --- releted mortgage loan may requice for Borrower's escrow account under thc federal Real Estate Settlement Procedures Act of
<br /> - " � 1974 as amended from time to time. 12 U.5.C. Sectbn 26UI er seq. ("R�SPA"). unless another law that applies to the Furula
<br /> �-:�.":`�.� seta a lesser emount. If so, Lender may.at any time. collect and hald Funds in an Amount not tu exceed the lesser amount.
<br /> _� :T--�w-'�"""` • Lender may esdmate the amount of Funda due on the basis of current data and reasonable estimates of expenditures of fumre
<br /> �,,� , �' Fscrow Items or otherwlse in nccordntice wlth applicable law.
<br /> __.f;� .�y".r-+���;,�'� The Funds shAll be heid in nn institution whose deposits are insured by a federal agency, instrumentality, or entity
<br /> _ (ineluding Lender,if l.ender is such an institution)or in eny Federal Home Loan Bank. Lendcr shall apply the Funds tu pay the
<br /> =-�• - :�� ,� - Escrow items. l.ender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account,or
<br /> -:�' -•�•r�� ; -� •:yi4 ' verifying the Escrow Items,unless Lender pays Bonower interest on the Funds and applicn6le law permits Lender to make such
<br /> �'�� ' a char�te. However, L.ender may nequire Borrower to pay a one-time chdrge for en independent real estate t�uc reporting service
<br /> ���<� • `.'�..,'�°�� used by L.ender in connectioo with this loan, unless applicable law provides otherwise. Unless en egreement is made or
<br /> '+1"��" appliceble law requires fnterest to be paid,l.cnder shall not be required to pny 8onower any interest or earnings on the Funds.
<br /> -, ;�*R�V;�;• �,�•z. Borrower a,ni ixrnier muy agree in writing, however. that in[erest shaii be paid on[he Funds. i..etµicr�iiuii givc tu Sot�'ower.
<br />.- r���•''•. � without cherge, an unnuul accounting of the Funds,showing credits and debits to the Funds und the purpose for which each
<br />- �R� �•� ' ' ' debit to the Funds was made.The Funds 3re pledged us;additional security for nll sums secured by this Security Instrument.
<br />- � ��''"` � � � If the Funds held by Lender excceci Ihe amounts permitted ta be held by Applicable law,Lender shall account to Borcower
<br /> • '" �' � for the excess Funds in accordance with the requirements of upplicuble luw. [f the amount of the Funds held by Lender nt any
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<br /> _ :, �'"' time is not sufficient to puy ihe Escrow Items when due,Lender muy so notify Borrower in writing, and, in such case Borrower
<br /> _ � � shall pay to Lender the emount neceswry to muke up the deficiency. Borrower shall make up the deticiency in no more than
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<br /> twelve nwnthly payments, at Lender's solc discretion.
<br />' "° � '� . ' �V� U n a ment in full of all sums secured b this Securit Instrument. l.ender shaU rom tl refund to Borrower an
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<br /> •_�f���� Funds held by L.endcr.lP, under parngrAph 21,I.ender shull ucquim or sell the Pruperty, Lender,prior to the acquisition or sale
<br />- -: ,�,��•..—_ . of the Property, ahall �pply any Funds held by l.encier at thc time of�quisiuon or sale as 8 credit agafnst the sums sccurcd by
<br />-�'4i�+;. ��±!•�' � :�.�" tbic Security Instrument. -
<br /> �µ �µ • J~ ` 3.Application oP Payments. Unless applicable luw provides uthcrwi�c,all pu�ments reccived by Lender under paragraphs
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<br />',rir` '�j;tr,� ��o_ 1 and 2 shall be applied: �rst, to any prepayment churges due utxler thc Note; xecond, to amounts payable under paragraph 2;
<br /> � ,-.���; � third.to interest due; fourth,to principal Jue;and lust, w any lute churges due unJer the Note.
<br /> ,s" � 4.Clwrges;I.iens. Borcowcr �holl pay all taxes, us.exsments,churges, fines and impositions Attributable to the Property
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<br /> ' i � .� which muy uttaio priority nver this Security Instrument, and leasehnld payments or ground rents, if any. Bortower shall pay
<br /> �'� ;^ thesc obligAtions in the munner proviJ��l in puru�raph 2,or if nut puiJ in thut manner, Burr�iwer shall pay them on time direcUy
<br /> �_ �,�,;,. .. � to the person owed paymcnt.Bcircower tihall promptly furnish to LenJer all notices ot'umounts to be paid under this paragruph.
<br />- ��' If Borrower makes these payments dirertly.&►rrowcr shall promptly furnish tu L.rndcr reccipts cviJcncing the payments. -
<br /> : �� �• � �. "�" �'� Borrowcr shell prompdy discharge uny licn whkh ha�pri��rity�rver thi,S�tiuriry Instrument unless Borrower: (u)ugrces in
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<br /> ' � °'� '����' writing to the payment of the obligation ,ecural by thc lien in u munncr ucceptuhlc tn L.cnJcr;(b)contexts in gcwci!'aith the lien
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<br /> �. w' ,.��.•�.� by, or defendx ugs►inst enfarcement of thc lirn in, Icgal prcxr�dings which in thr l.rndrr'ti upinian operate to prevent thc
<br /> „ _ enfiircenxm of the lirn;or(c),ecures frum the hulJer af th�li�n un u�rcemcnt�ati�liict��ry tu I.rn�ier suMirdin•rting the lien to
<br /> . °�""'" this S��curity In+trument. If Lcnder d��crniine��hat any pan ul'thr Pr��perty i� tiuhjcrt ai a licn whirh m•ry uttain pri��rity over -
<br /> � }' •. ` this Security In.trumenl, LeiKler ntuy give Burrnw�er a notice identilying Ihc lirn. Burraw•rr.hall sati,ty the lien��r tuke one or
<br />_ �. more of�he uctionc set forth above wilhin IU duy�c�f thc giving ol'nuticc.
<br /> ,j Form 3026 �190
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