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<br /> TOGETHER�'VITH all the improvements now or he[raR�er ere�Ked on the property,and all ra�ements,appu�tenances.and ��� '
<br /> fiatures now or hereaRer a part of the property. All replacementa and add�tions shall also � covcred by thi� Security ,.
<br /> lnsuument. All of the foregain�is refeme�i to ia this Security Instrument as the"Prnperty." '
<br />� BORROL'VER COVENANTS[hat Borrotver is lawfully seised of the estate hereby rnnveyed and has the nght to grant an4 ,
<br /> rnnvey the Property and that ehe Property i� unencumbrred, eacept for encumbrances of record. Borrower warranu and wiU ,� : -
<br /> defend generally the tiUe to the Property a�ainst all daims and demands,subject to any encusnbranees of record. � ��-
<br /> THIS SECURiTY INSTRUMENT cnmbines uniform covenanu for national use and non-uniform cavenanu with timited . �
<br /> variatiQns by jurisdiction to constitute a uniform security instrument covering real property. • .
<br /> ` UNIFORM COVENANTS.Horro�er and Lender covenant and agree as follows: ---�-"�
<br /> l. Payment of Principal und Interest; Prepayment and Late Clu�rges. Borrower shall promptly pay when due the - ''`�'_=1i
<br /> u
<br /> princapal of and interesc on the debt evidenced by the Note and any prepayrnent and late charges due under the Note. `%�;`=��:,�:
<br /> - Z. Fands for'd'axes attd lasvsance.Subjec[to applicabte law or to a written waiver by Lender. Borrower shall pay to ';_�;.....�._:�
<br /> — °��.;._
<br /> Lender on the day mnnthly payments are due under the Note,unti!the Note is paid in full,a sum("Funds")for:(a)yearly taues • . �,
<br /> � and assessments which may attain priority over this Security Instrument as a lien on the Property: (b)yearty leasehold paymenu ?F�-
<br /> �' or ground renu on the Properry.if any;(c)yearly h.vard or praperty insurance premiums:(d)yearly flood iasurance premiu�as. ,� �
<br /> if any; (e)ysarly mortgage inswance premiumY. if any: and(fl any sums payable by Borrower to Lender, in accordanc�with �=;_v,�-.—,—�.
<br /> the provisions of paragrapfi 8. in lieu of the payment of mortgage insurance premiums. T7iese iterru are called"Escrow Items." °�elw�
<br /> • Lender may, at any time. collect and hold Funds in an amaunt not to exceed the manimum amount a lender for a federally �'`;`�=
<br />•.; , related mortgage toan may require for Borrower's escrow account under the fedeial Real Estate Seulement Procedures Act of �"'��''3��:
<br /> 1974 as ameaded from time ro time, 12 U.S.C.5ection 2601 er seq. ("RESPA"),unless another law that applies to the Funds �-.�
<br /> sets a lesser amount. If so,Lender may. at any prae, collect and hold Funds in an amount nat to exceesJ the lesser amount. °'_� "`�"
<br /> Lender may estimate the amount of Fnnds due on the basis of curnnt data and reasonable estimates of expenditures of future �-•
<br /> Escrow Items ar othenvise in acca�mce with applicable law. `•�-
<br /> �• -�"�-
<br />_• The Funds shall be held in an iastitution whose deposits are insured by a federal agency, instrumentality, or entiry ��,�
<br /> �'• � •
<br /> ;:•�, (inclading Lender,if Lertder is such an institupon)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the d. _.
<br /> Fscrow Items.L.ender may not charge Borrower for holding and applying the fiunds,aiuwally analyzing the escrotiv acoount,or Q• _
<br /> verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law pemuts l.ender to make such � �_`'."'
<br /> a charge.However, Lender snay require Boao�ver to pay a oae-time charge for an independent real estate taa reporting service =
<br /> used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is msde or
<br /> : applicable law requires interest to be paid,L.ender shall not be requir.�d w p�.��Borrower any interest os esmings on iite�'unds. �=
<br />"��:,��. Borrovrer and Lender��y agree in wriung,however, that interest shall tre��d on the Funds. Lender sGak?give to Borrower. �.;•:
<br /> • ? without charge.an ar.cu.�.[sccounting of the Funds,showing crediu and��rs to t1:e Funds and the��.�ose for which eac6 �_�
<br /> � `� debit to the Funds was made.The C-'�ands are pledged as additica.I security ticr a l l sums secur e d by this Securi ty Instrument. ���;_:..
<br /> ` � '� If the Funds held by Lender exceed the amounts permitt�:��be held by applicable la�:,Lender shall account to Borrower ---
<br /> .- �` fur the excess Funds in accordance with the requirements of applicable law. If the amount of the FaaLS'aeld by Lender at any �`
<br /> time is aot sst�cier.a to pay the Fstrow Items when due.Lender ma so noti Borrower in writin .a�.sn sucb case Borrower ��
<br />�; Y fY S ���-
<br /> 4: ;; shall pay to I.ender t�e amount necessary ta make up the deficiency. Borrower shall make up ttte deficiency in no more than --__=°
<br /> twelve uronthly payments.at Lender's sole discretion. �9t '�"'
<br /> C"�on payment in full of all sums secured by this Security Instrument. L.eader shall pmmpUy refund to Borrower any
<br /> �unds iield by Lender.If,under paragraph 21.Lender shall acquire or sell the Properry,Lender,prior to the aoquisition or sale .
<br /> .�;!� shn:��� 1 an Funds held b l.ender at the time of acquisidon or sale as a crodit a�si_;�r.he sums secured by ��°-
<br /> of the Property. �pp y y Y
<br /> ,f�' tinis Security Instrur.:��t. _
<br />� 3.Appllcation o!Payments.Unless applicable law provi,d�othern:se,all payments received by I.ender under paragraphs ��+�-�•--��'
<br /> � l and 2 shall be applied: first, to any prepayment charges dae unti:r the Note;second,to amounu payabte under paragraph 2; ��_�'_
<br /> , ; third,to int�rest dae:fourth,to E�.�ipal due:and last,to any late charges�ze under the Ivote. ��-3°'':�
<br /> 4.Charges;Li.r�. Borroae:shall pay all taxes,asessments,cbar��,.t:nes and impositions atEributahle to the Property �`""`':
<br /> ..;r:;. �
<br /> � which may anain prca�icy over tius Security Insrrument, and leasehold aa�nw-a[s or ground rents. if airy. Borrower shall pay
<br /> these oblig�tions in the manner pmei�ed in par.�r-.��2,or if not paid in that manner.Barower shall pay them on dme direcil�r
<br /> '4��..' to the person ovred payment.Bflrr���.>�r shall promFtly furnisir ta I.ender al!notices of amacnu to be paid under this paragraph. �=
<br /> If Borrower makes c,9cse payments directly.�orroaer sha[1�ntm�:=.ly fumi�.v'�.tA Lender ra:�ei�ts evidencing the payments. ���'�'
<br /> '' '� ' Borrower sha."b pr�mptly discharge any lien which has�nec:ty over t:ai:s�urity Instrument unless 1'�s�rrower.(a)agrees in ��
<br /> .'�'�� writing to the payr�.r�:�.�t of the obligatian secured by the lien in a:nanner ac::��!able to Lender;(b)canu,�:�in goad faith the lien
<br /> � by, or defends agaiast enforcement of the lien in, legal pmceedings whicb in the Lea,ier's opinion operate to prevent the �'" �; _r,
<br /> , ". `
<br /> enfot�nent of the lien;or(c)secures from the holder of tke i:e:i an agreement satisfactn�T� r,o Lender subordinating the lien to ��
<br /> this Scxurity Instn�ment. If Lender determines that any pan of tJ�e Property is subject co:i Eien whic�'�may attain priority over �.�� ,
<br /> •' '' t3�is Security Insuur��nt. I.enQer may give Borrower a notice idendfying th�lien.Bor�ow�er shaLl satis�y the lien or take one or ��.�.;;.-_;,:;
<br /> more of the actions set forth alaove within 10 days of the giving of notice. �` `
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<br /> � F�rm 3028 9190
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