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<br /> TOOETHER WITH dl the improvements now on c�rcafter erccted on!he Propeny.and all wcemen�r, rppur�erwncex.�nd
<br /> - °--- -----�--� fix�ures now or herwfter n part of the properiy. All replacementa wK1 a�klidu�u elwll ulw bo wveted by �his Secaclty
<br /> lnctummt.AU of the fureQoiny is referrod to in thi�Security Inctrument iw thc'Ponperty.'
<br /> ,�__ BORROWER COVLNANTS that Borrower ia lpwfully�eised at [ha eswte horeby cuuvcrai«r�l iia.�tls:,dght ta�ra�ts and �
<br /> � � convey the Property and that the Property is unencumbcred, except fo�cncumbrwnr.ec of record. Borcower wornntY und will
<br /> _ _-_ deFend ge�sslly the title ta the Property against all cleirna unel denwnds,subject to any encumbrances of recurd,
<br /> - THiS SECURITY INSTRUMENT combines unif�nn cavenants far natianai use ancl non-unifurtn covetwnu wlth limlted
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<br /> _t`; v�ons by Judsdiction to constiwte u uniform a�curiry instrunu:nt cc�vcring r�.ul propcny. -
<br /> UN[FORM COVENANTS. Borrower and L.ender covenant und agrae a�i'ollowx:
<br /> " ' 1, paymeM ot Principal w�d Interest; Prep�yment And I.nte Clwrges. Borrowcr aholl prompUy pay whcn due the.
<br /> _ _ priacip�l of nnd lntercst on the debt evidenced by the Note and any prepayment and lare charges due under the Note.
<br /> ---__—,���� 2,Funds tor TAxes wnd Incurwnce. Subject to applicable Iaw or to a wrftten wuiver by Lender. Borrower shatl puy to
<br /> �"� I.ende�on the day�rwnthly payments uro due under the Note.unt�l Uie Note is paid in i'ull.a sum("Funcis')for: (a)yearly taxes
<br /> �"`�'•�K� end assessments which may attain prfurlty over this 5ecuriry Instrument as n lien on the Property;(b)yeurly Ieasehald payments
<br /> =.K``±��+�+• or gruund rcntx on the Praperiy,if any:(c)yearly hazar+d or property insurance premiums:(d)yearly flood insu�nce premiums.
<br /> —�n'!�� �`•� if any:(e)yearly man8age insurance premiums. if any;and(� any sums puyable by Borrower to I.ender, in accordance with
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<br /> _ �,,,�.;��,� the pravisions of paragraph 8,in lieu of the payrnent of mongage insurance premiums.These items ue c�lled"�scrow Items."
<br /> Lender may, at any time,collect and hold Funds in an amount nat to eaceed the mauimum amount a Icnder for a fedcrelly
<br /> � — related mortgage loan rtwy require for Horrawer's escrow acrnuot unaier the federal Real Estate Seltlement Procedures Act of
<br /> _ - �„,-- -,�;-s �g�4�v amended from time to time. 12 U.S.C. Secti�n 2601 et seq. ("RESPA"), unlegs another law that applies to the Funds
<br /> ;V�Y d�:�a,t.: - -;;.�;y
<br /> �°. �• seta a Iesser amount. If so, Lender nmy,at any time, collect and hald Funds in�n amount nat to axcorJ d�e lesser amount. -
<br /> •'"';r:�"" " I.ender may estimate the�naunt of Funds due on the basis of current datu and reASOn�ble�timates of axpenditureati of future
<br /> : .�-:,. .
<br /> F.scrow Items or otherwise in accardance with applicable law.
<br />" , The Funds shall be held in an irstitution whose deposits nre insured by A fedenil agency, i�strumentality. or entiry
<br /> � ,, � � (including Lender, if Lender is such an institution)or in any Federal Hon�e Loun Bank. Lcnder shall epply the Funds to pay 1he
<br /> ' �� � 'rs�` Escrow I[ems. l.ender may nat charge Borrower for holding and applying the Funds,unnunlly unalyzin�Ihe escrow uccount,or
<br /> ��#�� �' verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicublc law permi�a Lender to mnke such
<br /> ����� . a charge. However.Lender may require Bonower to pay a one-time charge for un independent real estate tsuc reponing service
<br />:(u, "''i`$��'�;7s„` a.' used by L.ender in connection with this loan. unless applicable law provides otherwise, Unless an agreement is mude or
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<br /> - � ,�,��,�_;:; applicable law requires interest to be paid, I.ender ahall not be required ta puy Borcower any interes�or earnings on the Funds.
<br />_ ,��;c`�� Borrower und I.endcr may�gree in writing, however, that interest ahall be paid on thc Funds.Lender shall give to Borrower. __
<br /> � ''�'• � � � without charge,un unnual siccounting of the hunds,showing credi[s and debits lu ihc Fw�i�,uxi the purpo�c for which�
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<br /> ��:,,�,. . •. . �.,, debit to the Funds was made. The Funds are pledged as additional securiry fbr all sums secured by this 5ecurity Instrument.
<br /> , �_,� If the Funds held by Lender exceed�he amounts permittecl to bc held by applicuble luw, Lender shall uccaunt to Borrower
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<br /> ;-�� - ; for the excess Funds in uccordunee with Ihe requirements of upplicable law. If the amount af the Funds held by I.ender ut eny _
<br /> - ... ,, x���;� ` � timc is nat su f f ic ient to pay t he E s c row Ite ms when due,Lender mA y so notit'y Borrower in writing,and,in sunc�asc Borrower
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<br /> ,�,�,'� ,�. , %;��. shall pay ro LetKier the mnount necesgury to make up the deFiciency. Borrower shall make up the deficfency in no more than
<br /> -=• � � „ `� �,.•�••: ' twelve monthly payments,at l.ender's sole discretion.
<br /> ,°~ • ^ � � • `. : Upon pnyment in full of s�ll sum�secured by this St:curi�y Instrumem, l.ender shull promptly refund to Bonower any
<br /> � • ' ��'x; ' Funds held by Lender. If,u nder parngraph 21, L.cnder shall ucyuirc or scll thc Propeny, Lender, prfor to thc acqui5ition or sale -
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<br /> � T�t� �� of the Property,sh�ll apply any Funds held by lxnder nt the time of ucquisition or i,ale us a credit agctinst the sums secured by r
<br /> �;�,:. :r=�-. �'..- thisSecuritylnstrunxnt.
<br /> ;�, • . 3.Application of Poyments. Unless upplicable law providcs othcrwise,nll puyments receiveJ by Lender under paragraphs '
<br /> , � �. • � 1 and 2 shall be applied:Pirst,to uny prepayment churges duc under the Notc; �ond, w amounts payablc under paragrnph 2:
<br /> �::r �^��^��-� � thir�,�o interest due;founh,to principal due;anJ last,to uny lute churgcs due undcr the Note. -
<br /> i � • �'?~ �;� '�� � 4.Chwrges; Llens.Borrower shAll pay ull auces,ussc+smcnts,churges, lines and imposiliom attribuwble to the Property -
<br /> ' � -"� :�i"�+� � which may nttuin prioriry over this Security Ins�rument, und leasehuld paymcnt� or grounJ rents,if :uiy. Borrower shull pay _
<br /> � �!;�� ',y'• these obligotions in�he manner providod in parugruph 2,or if not paid in�hut munner,Borrower,hall pay them an time direcUy
<br /> a . ._ .. to thc person owed payment. Borrower shull prompdy furnish tu I.enJcr all noticer uf unwunts to be puid undcr this pamgruph.
<br /> �'4i� �..,,�~. .. • ' , If BoROwer mnkes these payments dircctly.Burrower shull promptly Purnish to LenJer rcrcipts evidencing the puyments.
<br /> ., . '3-. < .• &►rrower shull promptly dischur�e uny lien which has priority uver thi+Sccuriry In�trum�nt unlcss Borrower:(a)ugrees in
<br /> ''�•�� . � writing to the payment of the obligation serured by the lien in�munner accep�uhle to Lender; Ib>ci�ntests in goal fuith the lien
<br /> , ��,� � by, or defends ugainst ent'orcement of the lien in, Icgal procecdings whirh in thr L.c�nJer'�upinion nperute to prevent the
<br /> �` � enforcement of 1hc lien:or (c)sccurc�from thc hulder of thc licn un agrcrnknt.rati�fuctory to LenJer suLxxdinuting the lien to
<br /> ' . this Sixurity Instrument.It' I.cndcr dctcroiinc,thut•rny pnn�►f thc Propcny i. +uhjcct t�,a licn whirli may uuuin prioriry ovcr
<br /> � this Security Instniment.Lender nrry givr Rorruw•er a nutirc iJen�ify ing thr licn. Burr�»vrr,hull �:ui.Ty thc lirn or talce one or
<br /> ` more of the actiuns set fonh above within 10 dayti of the giving��f notice.
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<br /> � Fam 3028 9180
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