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<br /> TO(lETtiBR WITH el! 1he improvemente naw or hereufter crcctcd on the propcity,and all caxcmenta.appunenances,
<br /> and fixwrc�naw or he�eafter w purt of the property. All rcplucements und Additions sh�ll nlso be covercd by thi�Socurity
<br /> ,.,,. ��Yti InWrument. AI!af the foregoing is referred to in this Secu�ity Inewment ar�the"Propcny."
<br /> ` .; i ;,;.�:,� � BORROWER COV BNANTS thut Burrower is IAwfully acised of thc estele hereby conveyed and huw Ihe�i�{ht to grant i_
<br /> •• �` �U,'� ' � und convey the Property and thut the Property is unencumbercd,excapt for encumbrancex of record. Burtower worrantr w�d
<br /> � -, ,,,�,�:.�.�+�t� will defcnd gei►zrally ihe title ta the Property oguinst all cluima und demandx.subject to any encumbrAncer af raord,
<br /> * �-�-•w- ;^*�a • THIS SECURITY INSTRUMENT wmbincs uniform covcnunts for natinnal use nnd nan-uniftxm cavetu�ntc wilh r
<br /> � ' � limited variations by jurisdictiai to constitu�e a uniform security ina�rument cave�ing►eal property.
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<br /> N„r,�,:,t'r..�' .; UNIFQR.M COVENANT3. BoROwer und Lender covenant and agree ns follaws:
<br /> � -��:a° 1. P�ayment ot Princip�l And lateresti Prepayment and Late Chprges. BoROwcr�hall promptly pxy when due the
<br /> — � principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under Ihe Note.
<br /> ���`'� '� 2, h�nds tor 7bxes and Insurs�nce. Subject to applicablc IAw or to u wdtten wniver by Lender,Barower shall pay to
<br /> _ . '� . L.encbr on thc dey montltly payments ure due under thc Note,until thc Notc is paW in full,u sum("Fundc")for:(a)yenrly
<br /> �� �!*{�"l�a�'r taxes and assessments which may attuin pdority over this Security Instrument ns a lien on the Pn�perty; (b)yearly learehald ��
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<br /> ,,, . . _,� payments or ground rents on theea�ppman�A e�insurarice��r miums, if uPn�and (fl any sumsepayuble�by Borrower to
<br /> ..,�„�. insurance premiums, if any: (e) y y g 8 P Y' _
<br /> »��� Lender.in accordence with thc provisiona of paragraph R,in lieu of the pAyment of monguge insurance premiums. These
<br /> ���c*,�e.t' �-.::. ' .
<br /> . . ���+++ items are cAlled"Escrow Items." Lender mny,nt any time,collect und hold Funds in an umount not ta exceed the maximum
<br /> �� �_-. „� ,. .: ._ , amount a lender for a federally related monguge loan may require for Bonowerfi escrow account under th federal Real
<br /> -� :���,��,.,�,l, ..j,;.; Estate Settlement Procedurcs Act of 1974 os amended from time to timc, 12 U.S.C.§2601 e►seq.("RFSPA").unlcss Another
<br />- ----- ^w------- � =--- �:� 3aw that uppUe,�o the Funds aets a lesser amount. If�,L.endcr mny,at any time,collect nnd hold Funds in an amount not to
<br /> � •n. ; • exceed !he lesset amount, l.endcr muy estimate the amount of Funds due on the basis of current data and reasonoblc `
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<br /> y�,, �,�� , estimates of expenditure�oP future Bscrow Items or otherwise in accordance wlth A Ilcable luw. �M
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<br /> � The Funds sh�+ll lx:he1J iu an ius�itution whosc dcposits are insured by a federul n�ency, instn�mentality,or entity �_
<br /> _ " ,� (including L.ender,if l.ender is such an insiitution)or in any Federal Home Loan 8ank. l.ender shall upply the Funds to pay �_
<br /> � �� . �: the Escrow Items. Lender rnay nat charge Borrower for holding nnd applying the Funds, anaually analyzing �he escrow
<br /> 'ri , ,:��, account,or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds nnd applicable law pertnits
<br /> ' Lender to make such u charge. I�iowever.Lender ms►y require Borrower to pay u one-time charge far un independent real
<br />_•=` •..,.•� -��.,�+-;,+�rl�j es�ate tax reporting service used by L.ender in wnnection with this loan,unless applicable law provides otherwlse. Unless an
<br />,;}n °^����� - �� ,�4� agmement is made or applicuble IAw requircs interest to be paid,Lendcr shnll not be required to pay eorcower nny interest or
<br /> • . ., enmings on the Funds. Borrower and l.ender may ugrec in writing,however,that interest shall bc pald on�hc Fl�nds. Lender
<br /> shell give to Borrower, withoul charge,un nnnual uccounting of the Funds,showing credits and debits to the Fun�ls and the
<br /> ^;r:; ���''"``w�� purpose for which each debit to the Funds was macle. The Elmds are pledged as additional aecurity for all suma secured by —
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<br />_- - - this Security insaument. - `
<br /> If the FLnds held by L.ender excced the umounts permitted to be held by applicuble law, Lender shall account �o
<br /> Borrower for the excess hLnds in uccordance with the reyuirements of npplicuble law. If the umount of the Funds held by _,
<br /> ^ � Lender at uny time ia nat sufficient to pay the Escrow Items when due,Lender muy so notify Borrower in writing,+uid. in
<br /> . � such case Borrower shall puy to Lender the nmaunt necesssuy to make up the da�ciency. Borrower shall rnake up the
<br /> +-��y '"„ deficiency in no more than twelve monthly payments,at Lender's sole discretian.
<br /> � ' Upon payment in full of ull sums secured by this Security Instrument, Lender shull promptly refund to Borrower any
<br /> �,x.,,,� ,, _, Funds held by I.ender. If,under paragroph 21, Lender shall acquire or seU the Propeny,Lender. prior ta thectcyuisition or �_
<br /> s..� � ,,, sale of the Fhoperty,shall apply any Funds held by Lender al ihe �ime of acquisition or salc as �credit against the sums
<br /> secured by this Security Instrument.
<br />���� " 3. Application oP Paymenls. Unless applicuble law provides otherwise, nll payments received by Lender under �.
<br /> �:. � � parugrnphs I und 2 shnll be upplied:�nl,lo uny prepayment churges due under the Note;xecond,to umounts payable under ��
<br /> �• , parugrnph 2;third,to interest due;founh,to principal due;und last,to Any lute churges due under the Note. _
<br /> );. � � 4. Char�es; Liena. Borrowcr xhull pay �II Ioxes, assessmen�s, charges, fines and impositions uttributable to the
<br /> •• property which moy uttc�in priority over this Security Instrument,and leasehold puyments or ground rents,ff any. Borrower
<br /> � • • shall pay these obligutiuns in lhc munncr provided in paragruph 2,or if not puid in that mnnner,Borrowcr shall pay them on � .
<br /> . �`� � • lime directly to the per,on owed pu��ment. Borrower shull prompUy furni.h to l.ender ull noticc+of umoums to he paid undcr �„�_
<br /> ' ' this puragruph. If Borrowcr mnkes these payments directly.Borrowcr shall promplly 1'umi+h to Lender rcrcipt.evidencing °=�`
<br /> .. ' the puyments. � +
<br /> .. Borrower shull promptly discharge any lien which has prioriry over this Security In,trument unless Borrowee(a)agrees _
<br /> ' in writins to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contrs�s in gcxxl faith the �-
<br /> ' lien by,or defends uguinst enforcemcnt ot'the lien in,legal prcxeedin�;s which in the Lendcrs opinion operute to prevent the
<br /> ` ���y'w'� • � enforcement of the lien;or(c)sewrex from the holder of the lien an agreement sutisfactory to Lender subordinnting the lien `'T_
<br /> ' ° � to this 5ecurity Instrument. If Lender detertnine+that uny purt of the Property is subjccl to a tien whirh may attnin prioriry
<br /> • �� over this Security Instrument.Lender muy give Borrower A notice idenlifying the lien. Borrower tihall satisfy�he lien or take =
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<br /> • one or more of the uctions set forth ahnvc within 10 dAys of the giving of noticc.
<br /> « � 5. Hozard or Properly Insurance. Borrower shall krep thc improvcmems n��w existing or hereuftererccted on the
<br /> ° „ . Property inaured•rg�inst loss by fire,hazards included«•ithin ihe tem�"extenJed rovrrnge" and any Mherh:�yards,including
<br /> • � floods or tlooding, for which Lernler reyuires insurance. This insurance shall lx muinwined in �he amou�ts and for the
<br /> � Fam3028 91911 IpuQe:n�6puResl
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