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<br /> _ TOUETHBR WITN all the impwvementa now or hereaRer erected an the property, and ell er�rcment��appurten�nce+.and
<br /> _ — fiaturos now ar hercaRer a part of the property. All replacemente and wdditfons ahall aleo be coverod by thit 3ecu�fry
<br /> �r: Inrtrument. All of thc faregoing is referred ro in this Security lns�rument as the "Property.'
<br /> -�::� lIORROWBR COVBNANT3 that Honower is luwfully scised of the estete hereby rnnveyed and has thc right ta�{rant and
<br /> - convey the Pmperty nod ttwt the Property ls unencumbered, except fur encumbranceg �►i record. Hormwer warr�nte smd will
<br /> -� deFend generally the title ta the Property Against�II claims and demands,aubject tu siny encumbrancea of record.
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<br /> �'., ____ _ __. __ ' THIS 3F.CURITY IN3TRUMENT eombines unlform covenanta fbr national use and non-uniform cuvenant� with limitod
<br /> ;;::;. vari�tians by judsdktian to wnstitute a uniform seeurlty instrument caver�ng real property. �
<br /> UNIFORM COV ENANTS.Borrower and lxnder covenent and agree as followa:
<br /> - 1. Payment of PrinclpAl And Interest= Prepayment And I.ate Charges. 8orrower shell promptly pay wlxn due Ihe�
<br /> �--==-4:€aa�iv� pdncipal of and interest on the debt evidenced by the Note and any prepayment and late chargec due under the Note.
<br /> """°"`' 2. Fund�for T�xes �nd lnsuranix. Subject ta applicable law or ta a written waiver by Lender. Barrower shall pay to
<br /> ----t.:i:.�:t�:,�
<br /> �,.� Lender on the day monthly payments are due under the Note.until the Note is paid in full,a sum("Funds")for:(a)yearly taxes
<br /> ��•-=-�=-� end assessments which may attain priority over this Security Instniment as a lien on lhe Property:(b)yes►rly leasehold payments
<br /> �—°'~=n�-""��° or ground�ents on Ihe Prapeny,if any;(c)yearly hozard or property insurance premiums;(d)yeerly ilood insurance premlumc.
<br />.���� if uny; (e) yeariy mortgage insurance premiums, if any; and(�any sums payable by Borrower to Lender,in accordance with
<br /> ---�- the provisions of puusraph 8, in lieu of Ihe payment of mortgage insurance premiums. These items ere c�lled"Escrow Itema."
<br /> —� Lender may, at any time, callect and hold Funds in an a�nount not to exceed the maximum amount a lender for a federally
<br /> �y'�� -- - related mongage loan may rcquire for Borcower's escrow accaunt under the federal Real Estate Settlement Pracedures Act of
<br /> - -___ _ - — 1974 as umended from timc to time, 12 U.S.C. 5ection 2601 er seq. ("RBSPA"), unless anather law that upplies to the Funds =
<br /> -� � , . �'c'�f`� '� sets a lesser amouM. If so. l.ender may, at any time, collect and hold Funds in an umount not to exceed the lesser amount.
<br /> '�� �' �'�G..�'i:4=ais.
<br /> �' ' �`'�'�« `� Lxnder may estimate the amount of Funds due on the ba.sis of cunent date and reasonable estimates of expendiwres of future
<br />. �, . , ...' J 4
<br />-,� ,F.,,;, , F.�crow Items or oth:rwise in accordance with applicable law. -
<br /> �.��'�1�':T.° .•',' The Funds shall be hcld in an instiwtion whase deposits are insured by a federal agency, instn►mentality, or entity
<br /> Y�r,�, . '..: (including Lemler,iP Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the �
<br /> Escrow Ilems. Lender may nat charge Borrower for holding and applying the�unds,annually analyzing the escrow nccount.or
<br /> � ,".L�.� � �+'`' �� veri in the Bscrow Items,unless Lender a s Bonower interest on the Funds and a licuble law rmits Lender to meke such —
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<br /> j . ,.' 4 ,,. . a chnrge. However,Lender may require Borrower to pay a one-time charge for an independent renl estate lax reponing servlce -
<br /> . , usc:d by Lender in connectian with this loan, unless applicablc law provides otherwise. Unless an agreement is made or
<br /> " �' � � �� � applicable law requfres Interest to be paid,Lender shull not bc required to pay Borrower nny interest or eamings on�he Funds. _
<br />�-°__ _ ��!'���!�z6�-�. 9orrower and Lts�der may agree in writ3ng, hnwever, that intrrect �hall he paid on the Funds. Lender shall Rive to Borrower. __
<br /> �• •,� � . , wilhout charge, an ennual accounting of the Funds, showing credits and debits to�he Funds and the purpose for which each
<br /> ,. �. debit to the Funds was made.Thc;Funds are pleJged us udJitional security for ull sums secured by this Security Instn�ment.
<br /> , • If the Funds held by Lender exceed the amounts permitted to be heid by applicable law. L,ender shall account to Borrower
<br />, : ,;� " for�he excess Funds in uccordunce with the requirements of upplicable luw. If the amount of�he Funds held by L.ender at any _
<br /> �� time is not sufticient to pay thc Escrow Items when due,Lender may so notify Borrower in writing.and,in such case Butrower '
<br /> �� � shall pay to l.ender the umount necessary to make up the deficiency. Borcower shall msike up the deficiency in no more than �
<br /> "' � twelve monthly pAyments, ut I.cnder's sole dixcretion.
<br /> � a ��� Upon payment in full af all sums sccured by this Security Instrument, l.endcr shull promptly refund to Borrower any
<br /> � . .. ,. Funds held by l.ender.If, under purngraph 21,I..ender shall ucyuire ar sell the Prop:ny, l.ender,prior to the acqui�ition or sale
<br /> � of the Property, siwll upply uny Funds held by Lender at the time of acqui�ition or sale as a credit against�he sums secured by
<br /> �'{°'•. �, _ thiss Security Instrument. =
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<br /> �`= h , -' 3.Applicatian of Peymentx. Unless upplicnble luw providcs otherwisc,ull puyments receivcd by Lender under puragraphs �-
<br /> ?"' •�.-. �� =
<br /> , ,. 1 nnd 2 shull be applied: first, to nny prepayment churges due under�hc Note; xecond, to umounts payable under paregraph 2; _
<br /> �.o.R ' ' third,to interetit due: fcwrth,to principal due;and last,to any lute churges due undrr�he Note. _
<br /> �'." N'..'.
<br /> i ��, = , .� . 4.Clwrges;Lieng. Borrowcr shall pay all tuxes, usscssmem,. churges, �ncti unJ impositions attributuble to�he Propeny
<br /> . which mny attnin pri��rity uver this Security Instrument, unJ IeusehalJ paymrntx or�mm�J rents, if uny. Borrower shall pny
<br /> . .. - thesc o6ligations in thc munner provided in p•rrugrnph 2,ur if nut puid in thut manner, Burcower shull puy them on time direcdy _
<br /> ;� , � W the pertion owed paymcnt. Borc�iwer tihall prompdy furnish to Lender all noticeti of umiwnts w be puid under this purugraph. _
<br /> ' �`„� .�;�,�•, , if Borrower makes�hese paymentr dircctly,Borrower shall promptly furnish to I.cnder receipt�evidencing�he payments. -
<br /> • . � a.;;;,, ,,�, &►rcower shall promptly Jischurge uny licn which hu�pri�irity u�•rr this Security Instrument unless Borrower: (u)agrees in _
<br /> writing to the puyment of the oblig•rti�m scwurc�l by �hc licn in a munrkr ucceptablr ta Lr�xlcr; lb1��mtetit+in g�xxl fuith the licn
<br /> � ���� . � ., by, or defends aguin�t enforccment of thr lien in. Iegal pnxceding� which in the l.cnJrr'x opinion operate to prevent �he �_
<br /> • • • . •• enforcement of tne lien:or(c)sccurex fram thr h�►Ider of thc lien an•rgr�wmrnt+atisti�r�ury t�►LenJcr subordinating thc licn to
<br /> � .. • this Security Imtrumenl. if l.endcr detern�ineti that any part ot'Ihc Propcny i. .ubjert tc�•r lirn whirh may attuin priority over
<br /> this Security Imtrumem. LenJer muy Fivr B�irr�iN•cr a n��tice idcntitj•in� thr licn. Bnrrua�cr.hall ,ali+l'y thc lien or luke one or
<br /> more of the uctions set forth above within 10 duyx of the giving o(noticr. =
<br /> ' �• . Fam 3028 9180 �
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