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<br /> 'I'O(i�THER WI'D'H�II�he improvemerna now or he�+eafter erxted on the property, And all easement�,appurterwnces. and �
<br /> fixwres row or here�tRer � part of �he pmperty. All replacementa and addiUons shall alco be coverod by thls Socurity �
<br /> L�tmment. All of tha foregdng io refemod to in this Securf�y Instrument s�the'Property.' ,
<br /> ---- - --� BQRROSYPR COVPI4ANT9 thQt Bomower i•lAwfldl�vi+nrl�f�he cctete hereby conveyed wid haa the riRht to plrant and �
<br /> oonvey the Property and thet the Property is unencumbered, except for encu�nbnuue�of record. Borrower w�rants and will .
<br /> - defend generally the dtle to the Property against all claims and demends,subJect to any encumbtances of record.
<br /> THIS 9ECURIT'Y INSTRUMENT combines uniform covenants for nat�onal use and non-uniform covenants with limited ;
<br /> = -g=—-=--T---� variotianu by f urisdiction to constitute u unifarm sccurity instniment rnvering real property.
<br /> - UNIFORM COVENANTS.Borrower and Lender covenant and agree as followe:
<br /> __ 1. Payment of P�incipal and Iatrrast; Prepsyment and late Charges. Borrower shall promptly pay when due the,
<br /> pr�ncipal of and lnterest on the debt evidenced by the Note and any prepayment and late ch�uges due under thc Note.
<br /> - - -- - 2. Fund�toc Tuxes and lnsurtutce.Su6ject to applicable lew er to a written waiver by Lender, Bnrr�wer shall pay to
<br /> —_- —= L.ender un the day manthly payments are due under Ihe Note.until the Nate is paid in full.a sum("Funds")for:(a)yearly taxes
<br /> • -- -� and nss�ssments which may attain priodty over this Security Tnstrument av a lien on the Property;(b)yearlv leasehold paymems
<br /> or ground rents on the Property,if any;(c)yeazly hazard or propeerty insurance premiums;(d)yearly flood insurance premiums.
<br /> -""'"'�� if any; (e)yearly mortgage insurance premiums. if any; and(fj uay sums payable by 8orrower to Lender,in uccordance with
<br />- � the provisiona of paragraph 8, in lieu of the payment of mortgage inaurnnco premiums. TFiese items are called "Bscrow Items."
<br /> -----�--��-.---� Lender may, at eny time. collect and hold Funds in an amount not to exceed the meximum amount a lender for a falerally
<br /> related mortgage loan may requirc foc Borcower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> __ _ 1974 us amended from time to time. 12 U.S.C.Section 2601 er seq. ("RESPA"), unless anather law that applics to tha Funds
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<br /> - seta a lesser emount. If so, Lender may, at uny time, coilect und huW Fw�ls in un wnount not to exceed the Iesser amount.
<br /> "r l.ender mny estimate the amouM of Funds due on the basis of curtent data a�d reasonable estimetes of expendiwres of futuce
<br /> � y[�""'y W Escrow Items or otherwise in accardance with applicable law.
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<br /> �,;, ' ' The Funda shall be held in an instiwtion whose deposits are insured by a federal agency, instrumentaliry, or entity
<br /> — � �., .�:,F,�; (including L.cnder, if Lender is such an institution)or in any Federa!Home Loan Bank. L.ender shall apply�he Funds to pay the
<br /> - Escrow Items. l.ender may not charge Borcower for holding and applying the Funds,unnually unalyzing the escrow account,or
<br /> .�=� verifying the Escrow items,unless Lcnder payx Borcower interest on the Funds and applicuble law permlta I.ender to make such
<br /> "� a chuge.However, Lender may require Barrower to pay a one-time charge for an independent reul estate lax reporting service
<br /> v_''`_-___-_--.,� used by L.ender in connectlon with this loan, unless applicable law provldes otherwise. Unless w� aRreement is madc or
<br /> —�.�� epplicable law requires Intercst to be paid,Lender shall not be reyuired to pay Borrower uny interest or earnings on the Funds.
<br /> Borrower and Lender may agree in writing. however.that interest shall be paid on thc Funds. l.ender shall give to Borrower,
<br /> _-�-�.� wiunmt ci���C. aii 6fiilUdl d�:ariifii{iig o�thZ 1'UiicJS, showing crcdits and dcbits ta thc Punds and thc purp�e for svhich esch
<br /> �t�x;.;� •�-r '- '•�� debit to the Funds was made.The Funds are pledged as edditional gecuriry for all sums secured by this Secudry Instrument.
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<br />:;,.,.. • ;�.;,,, ., �„, If thc Funds held by Lendcr cxceed the amounts permitted to be held by applicable law, l.ender shall account to Barrower
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<br /> •••�°�'i.`. .. for the excess Funds in accordance with the requirements of uppiicable law. [f the amount uf the Funds hcld by Lender at at�y
<br />�,— time is not xufficient to pay the Escrow Items when due,Lender may so notify Borruwer in writing,nnd, in such case Borrower
<br /> - �'��'•;-•:::'_;:�"' shall �+ay t�I.�rule.r the nm�wnt nece�sAry to meke up the deficiency. Borrower shall make up the deficiency in no more than
<br /> �• •'• "' "a- :'•'•''• twclvc monthly puyments.at L.ender's solc di.urction.
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<br /> •;x•„�,:,.'um " Upon payment in full of ull sum� secured by this Securlty Instrument. I.ender shuil promptly refund to Borrower any
<br /> ,.. Funds held by l.ender. If. under purngraph 21,l.ender shall acquire nr sell the Property, I.ender,prior to the acquisition or sale
<br /> ,- a;�.•r�•� •r�•' of the Property,shall apply any Funds held by L.ender ut the time of ucquigition or:wle as a credit against�he sums secured by
<br /> . ��- ��y-��- _ this Sccudty Inswment. _
<br />__ .�s= 3.Application of Payments.Unless upplicuble luw provides othcrwise,ull paymcnts received by L.ender under paragraphs
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<br />',,_� -�-�, , . 1 and 2 shall be applied: first, ta uny prepayment churges due under the Note; second, t�umounts payable under paragreph 2;
<br /> .j.,, � t hi r d,to interest due;fourt h,to p dncipu l due;u n c i lust,to any lutc c hurges due un Jer t he No tc.
<br /> �' ��.`'�'" 4.CFwrges; Liens. Borcowcr shull puy ull taxes,usscssments, charges, fines and impositions uttribu�eble ro the Praperty
<br />�" ,�'� which me uttain rinrit over this Securit Instrument, pnd leusehold a ments or round rents, if an Borrower shall a
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<br />� -',�� Y -�� . .,; ��� these obligutions in the munner prcwided in paragruph 2,ur if nut paiJ in that rnunner,Borrower shull pay them on time directly
<br /> .�u` �="'=! �" to the person owed paymcnt.Borrowcr shull promptly furnish to[.ender ull notices of wnoumti to be paid under this paregraph.
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<br /> ; ., ti .,.,_, If Borrower malces these paymems directly,&►nower shnll promptly furnish to l.cndrr receipts evidencing the payments,
<br />: -.. ,4�,.;;��,,,, Borrower shall pramptly dischnrgc uny licn which hu�priority uvcr this S��urity Instrument unless Borrower: la)ogrees in
<br /> "'* , writing to the puyment of the obligation uwureJ by the lien in u munner acceptable to Lender; (b)contests in baod faith the lien
<br /> �, ��:,,,.,, �� by, or defends ngainst enforcement iif the licn in, Icgal prorceclings which in thr I.rndrr's upinion uperute to prevent thc
<br /> . enforcement of the lien:or(cl securex from Ihe holder of the licn an ugreenxnt,atisfuc�ory to l.cnder sut�c�rdinuting the lien to
<br /> + .. .• .•�- this Security Instrument. If'l.e�nder determine+thut any pan M'thc Property is subjcct u�u licn which muy attain priority �wer _.
<br /> ` , „• ° Ihis Security Instrwnent, Lender may give B��rrower u n��tirr identifying thc lien. Borruwrr tihall�uti�ty the lien or talce one or
<br /> � more ot the actions set Forth above within 10 days of thc giving of notice.
<br /> � Form 30Y8 8190
<br /> .lf�vr_�.•. ... Pp�7 of 8
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