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<br /> TOC3E'CHER WITH all the improvements now or hercafter eretted on the prop$sty.and ell easements.eppunenanas.w�d
<br /> fixlures now or hercafur �part of the property. All replacements and additions� ahall alco be covered by this Socuriry
<br /> = Inttrument.All of the foregoing ie referrod to in thia Security lnstrument as the"Property."
<br /> BORROWER COVENANTS that Borrower is lawfully e�eised of the estate hercby conveyed w�d has the right to grant end
<br /> eonvey the Property and thot the Property is unencumbored. eacept for encumbranees of record. Borrower ws�rantc and wlll
<br /> -- — defend generally the title to�he Property against all claims w►d demiuids.subj0ct to any encumbrences of record.
<br /> �-� �-- ____ _--_--� THIS SECURITY INSTRUMBNT combi�es uniform covenants fo�natiunal use and non-uniform cavenants with limitod
<br /> .�.�'� vAriations by juricdiction ta constiwte a uniform security inswment wvering real property. c
<br /> �' UNIFORM COVENANTS.Borrower and Lender cavenant and agree as follows: -�
<br /> �._,�„�� l, Pwymeat oP Principal pnd laterc9t; Pnpayment and Iate Clwrges. Borrower shall promptly pay when due the�
<br /> - principal af and Intcrest on 1he debt evidenc�by the Note and any prepuyment and late charges due under the Note.
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<br /> W�� 2.Fund�tor Taxes ana Insurance. SubJect to applicable law or to a written waiver by l.ender, Borcower s pay to
<br />__ _.-_-_ --__,._� l.endcr on the day monthly payments are due under the Note.until the Note is paid In full,a sum("Funda")for: (a)yearly taxes
<br /> -.-" and assesaments wMich may attain prlority over this Security Instrument as a lien on the Praperty:(b)yearly leasehold payments
<br /> �r��rrii�r�i� or ground ren4s on the Property,if any;(cy yearly hezard or property insurance premiums;(d)yesrly flood insurance premiums,
<br /> ���� if any;(e)yearly mottgage insurance premiums, if aoy:and (�any sums payuble by Borrower to Lender. 1n accordance with
<br /> Y thc provisions af paragraph e, in lieu of the paymant aF mortgegc inxurance premiums.These items are called"Escrow Items."
<br /> r_� .�r°� Lender may, at eny time. callect and hald Funds in an amaunt not to exceeG the maximum emount a Iender For u federaily
<br /> ---_ �=rY�r�� �eleted mnrtgage Ician may rcquire for Borrower s escrow nccount under the fedeml Real Estatc Settlement Prcxeciures Act of
<br /> - �- — r��•�;,r�Yy_���-: 1974 as�mcndcd from tirnc to tfine. 12 U.S.C.Sectian 2601 et sey. ("RFSPA"),unless ancither luw that npplias to the Fundr _ _
<br /> -��;;s'"';,;;:.,;.,.,r,,, se�R u le�scr amount. If so,Lender muy, ut uny �ime, collect anci hold Funds in an umount nat ta excoe�l the lesser wrwunl.
<br /> �:..�-=-�-,k: ,. L.cruicr muy estimate the am�unt of FunJR duc on d:c bucix of curtent data Arrl rau�onuble estimates of expendilures of fuluro
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<br /> __�-;-r.,;, •-.� o�,- : Escruw Items arud�crwi�c in uc�vrdwwc wili�upplfcuMa:luw.
<br /> =�-�����-•= � Thc Funds shull he held in un inxtiwtion whosc Jcpo+itr orc insureJ by u fcdcrul agency, instrumentality, or entiry
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<br /> i= '• (inrluding l.cnder.if L.cndcr i�nurh an imtitutionl ur in uny FcJcrul Humc I.nan Bank. Lendcr shull upply tho Funds to pay thc
<br /> ''!�'�°`�'�'`�� Eurow Items.l.ernler muy not churge B�mower fi�r holding aixl upplyinQ tl�e Fundx. unnuully analyzing the excrow account,or
<br /> -�� s�r�,�.�� verifying�hc 8xr�w Item�,unlexs I..eixler puyti&irrower intcrest an the Funds and applicublc luw permita Lender to make such
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<br /> _ ,� ��,,,�,�;;,� u charge. H�wcver, lsixler may require&irrawer�a puy u one-time churge for un independent real estate taa reponing service
<br /> -i ,.' ,r^ .. ,� y used by txnder in connection with thir; laun, unlesti appiicable luw provides atherwise. Unless an agn.ement is mede or
<br /> - �' applicable luw requires intercst to be puid, Lcnder shali nc►t be requircd to pay Bonowcr any interest or earnings on the Funda.
<br /> ��A`"�'"-'"�!�""-"�'"�s� 8arro�:�er:nsi l.ender may agree in wtit�ng, however, thal inrere�r�hall Me paid on the Funds. Lender shell givc to Horrower,
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<br /> _r,�. ;�;,� ;.Y.„,.. without charge,un aonuul accounting ot'the FunJs, showing credits anJ debils to the Funds and the purpose for which taeh
<br /> debit to the Funds was ms�de.The Funds are pledged us ndditional security for all wms secured by this Security Instrument.
<br /> �`t� '•��� �'�• � ' If the Funds held by Lender exceed the amounts permitted to be helJ by upplicable law. L.ender shall account to Borrower
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<br /> ;:�+�,� � '' for the excess Funds in acrnrdnncc with the requirements of upplicable law. If the amount af the Pund,held by Lender at any
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<br /> _;,__�. ; _�; time is not sufficient to ps►y the Escrow Items when due,l.ender may so notify B�rrower in writing,And,in such case Borrower
<br /> • „ shull pay to LetKler the arnount necesw►ry to make up the defiriency. Borrower shall make up the deficiency in no more than
<br />- �'� �'' twelvc monthly ps�yments,at l.ender's sole discretion.
<br /> ' ° ��G_ ° Upon payment in full of all sums secured by this Sccuriry Instrwnent, l.ender shall promptly refund to Borrower any
<br /> .. - . Funds hcld by Lendcr. If,wxier puragruph'_'1,l.ender shuli acyuirc or sell the Praperty, l.ender,prior to the Acquisition or sale
<br /> �=- • . . of the Property,shull upply any Funds held by Lender at the�ime of ucquisition or sale as a credit against the sums secured by
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<br /> ' o this Securily Instrumcnt.
<br /> j.=�• ' �' 3.Application of Paymentx. Unless upplicublc luw provides othcrwisc, ull payrnents received by l.ender under paragraphs
<br />��;,., 1 and 2 shnll be s�pplied: first, to uny prepayment churges due under the Note: second, to umounts payoble under paragrnph 2; �:
<br />--� � ,�; �� third,to interes�due;founh,to principul due;und lust, ta nny lute churgex due under the�otc.
<br /> '�'�3� " 4. Charqes: I.iens. Borcowcr shall pay ull tuxcs, esressments, churges, fines s�nd impositions uuributablc to the Propcny
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<br /> � which muy atwin priority ovcr this Sccurity Instrument,und leu,ehold paymcnts ar ground rems, if any. Borrnwer shall pay
<br /> - � .. � �� � ° these obligations in the munner prc�vidcd in purugraph 2,nr if nat paiJ in thut munner,Borruwer shall pay them on time direcdy ----
<br />- , ' ' to the p�.rson owed payment. 8nrruwcr shull prumptly furnish ti�l.endcr ull notices uf umounts to be ps�id under this paragruph. �°�°
<br /> 't• �y�;�:�� , If Borrnwer makcs thcsc paymentx directly,Bonnwcr shull pmmpNy Purni,h to Lendcr reccip�s eviJcixing the puyments.
<br /> �• • '�• •r• Borrower shall pmmptly Jischurge uny licn which hus prioriry ovcr thiti Security Instrumrnt unlcss Borrowcr: (u)agrees in
<br /> ;��� v � writing tu thc payment of'thc ��hligatiun ticcur��J by the Ikn in u munner ucrc�ublc���Lcndcr; (b1 rontcst� in gcnxi fuitt��he lien ---
<br /> ' L,�`t�.r; by, ar Jefends uguinst enforcement of thc licn in. Icgul proreeJin�:s which in Ihr l.rndcr'� ��piniun o�rute to prevent the �
<br /> enforcemcnt of ihc licn:or(r>accurc,I'rom thc Ix,ldcr uf�hc licn an u�:rccmrnt ,ati�tactur�• tu L�ndcr+ubordin•rting the licn ta �,•_:
<br /> • this Security lnstrw�xnt. If l.ender determinc+that any part iif thc Pr�iExrty is �uhjrrt tu a lirn whirh may �ttain priiiriry uver
<br /> : ' �. " , . this Security Ins�rument. l.cn�lcr muy givc Burruwcr a nntirr idrntifying thc lirn.H�irrowcr�hall�ati,l'y thc lien�►r tukc one or n.
<br /> � ; � more of the actbns sM forlh ulwve within 10 Jay�uf the givinF uf noticr. '
<br /> • .� - Form 3028 8180
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