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<br /> °' TOGETHER WTCH a11 thc improvements now on c�xcattcr erccicd on ihc property.and gll casements,appurtc�ances,and .
<br /> ' _ , �. � � 6xuucs now or hereaftcr a pan of tt�c property.Al!mplaccmcnu and additions shall aLso be wvered by this Security Inswment . '
<br /> � " All af Ihc Coregoing is mfemed to iai this Sec�rity Instrumcnt as thc"Property° . - �
<br /> "�. ' BORROWER COVENAN'PS that Borrowcr is lawfully scised of the es�ate hereby convcycd aad has thc right to gant and , ..,,:�.,<<`.`
<br /> • .' eonvey the Property and tLat�he Pmpeny is unencumbered,ea�cept For encum6rances of record Bamuwar wanants and wiil� -- '' '. . .
<br /> ` ,.; a •`:� .'., .f.,�..
<br /> , . : �_.-' defend gencrally the titic w the Property against a!1 cl�ims and demands,subject to any aicumbra�sces of tecord.
<br /> -'---°"�`• THIS SEC[3RTfY INSTRUMENT cambincs uniform covcaants far nalional usc and non-uniform covcnants with limited � _ � � . ,. .. �
<br /> � -- variations isy jarisdiuion to cxinstitute a unifome securiry insErument covering rca!P�P�Y• � : `
<br /> UMFORM COVENANTS.Borrower and Lender coveQant aud agree as foflows: � ' " `
<br /> ant , :�x S <. .
<br /> 1.Payment of Pciadpal aad Interest;Prepayment and Late Cdrirges. Borrowcr shall pmmpdy pay wken due the � ._
<br /> � `- principal of and interest on the debt evidenved by the Note and any prepaymeat and laie charges due under the Note. • ..v�� � �
<br /> ...'„
<br /> - -�� - � . - Z.Funds Por Taxes and Insarance. Subject to applicabte law or to a written waiver by Leader,Boaower shall pay tn _ ,.,`5�:`�-�� ,;;
<br />_' � . Lender on the day monthly paymcnts are due under�hc No[e,unul the Note is paid in fu11,a sum("Funds")for.(a)yearty taxes ,:�::�
<br /> . and assess�uents whic6 may attain priority over this Security lnsmunent as a licn on the Propeny;@)Yearly leasehold payments • _.�;;_'�'
<br /> � - or ground rents on ihe Property,if any;(c)yearly ha�ard or property insucance premiums;(d)yearly flaod insuiance premiums,if . : ��,��;�
<br /> .' ' � � . any:(e)Yearly mongage insumnce premiums.if any:and(�any sums payable by Borrower to Lender,in accordance with the , ; _,;-�'_-°
<br /> . • pmvisions of paragraph 8, in lieu of the payment of mortgage insurancc premiums. These iterns are called"Escrow Iuxns."
<br /> � � • �= i.ender may,at any ume,collcct and hold Fnnds in an amount not[o exceed the maaimum amount a tender for a federaUy related '
<br /> � " l` mortgage toan may require for Borrower's escrow account uader tbe fedetal Real Fstate Seulement Procedures Act of 1974 as � _
<br /> . -�• • ameaded from ame tn time,l2 U.S.C.Sec[inn 2601 et seq. ("RESPA'7,unless another law tl�at applies to the Funds sets a lesser --
<br /> . . , amount If so,Lender may,at any rime,collect and hold Funds in an amount not to exceed the tesser amouat Lender may � �•`_�h=-._ _-
<br /> _ . , _ e�imate the amonnt af Funds das on the basis of current data and reasonabte P�;marP�of eapendiwms of fuwre Esccow ltcros or ; :4 =�-_
<br /> _ . . .::�� atherwise ia aCCOrdanCe with appiicable taw. �``.�`:;� —
<br /> ' 'liie Funds shal!be hetd in an institution�vhose deposiu are insured by a federal agency,instrumentality,or entity(including ""��{�
<br /> • .�.,Y._ _ ...
<br /> � Lendcx.if Leader is such an institution) or in atcy Fedecal Home Loan Bank.Lender shall apply the Funds w pay the Escrow ._�,,_,,..
<br /> '� k '�• Items.Lender may not charge Borrower for hotding and applying the Funds,aiu►ually analyzing the escrow account,m verifying -
<br /> �'� thc Esctow items,unless Lender pays Borrower interest on the Funds and applicable law pem�its Lender ta�nake such s chuge. � — .----
<br /> - - [�.'-_=---
<br />� � Nowever.Lertder may require Borrower to pay a onc-[ime charge for an independent real estate tax reponing service used by
<br /> Lender in connection with this loan,un2ess applicable law provides otherwise.Unless an agccement is made ar applicable law �•� ____
<br /> � � � requires intcrest to be paid,L.ender shall not be rcquired to pay Borrower any interest or cam�gs on the Funds.Borrower and f •
<br /> I.cudcr may agree in writing,Aowever,that intasest shaU be paid on the Funds.Lender 5hall give to Borrower;without charge,an _____
<br /> ,' annual accounting of the Funds,showing credits and debits to the F�:.ds and the purpose for which each debit w the Funds was '-�
<br /> 7. ., • ` ,.. �-'"''_,> :�
<br /> � � made.'If�e Funds are pledged as addi6onal securiry for all sums secured by this Security Insuument �. �:. —
<br /> � If the Funds held by l.cndet exceed the amounu permitted to be hcld by applicatsle law,Lender shall account to Borrower far ��'• � �• ''���
<br /> _.. ' the ezcess F�mds in accordance with the requirements of applicable taw.lf the amount of the Funds held by l.ender ai any wne is r;�;:�:_�''�'-����� _
<br /> . --- .= not suffccient to pay the Escrow Items when d¢e,Lender may so noufy Bonower in writing,and,in sueh cace Borrower shaU pay � ��___
<br /> ' to Lender thc amount necessary to make up the deficienc.�y. Borrowcr shall make up the de�ciency in no more than twetve .` ' �r�;,�.
<br /> _- '" ' manthly payments,at Lcnda's solc discrcuon. • � "*s��
<br /> ' • Upon payment in fWl of all sums secured by this Sccurity Instrumcnl,Lentler shall prompUy refund to Bonower any Funds =� � ' � °`
<br /> • � ' held by Lender.If,under paragraph 21. Leader stiaU acquire or seU thc Property.Lendcr,prior to t he acquisidon or s a le o f t he , ��'_'�
<br /> �� �. Property,shall apply any Funds held by Lender at the dme of acquisiuon or sale as a credit against the sums secured by this . , --
<br /> 'S . ';; .�: . Security Inscramen� . ` _
<br /> . 3.Appllcation of Payments. Unless applicuble law provides ed:erwise,aU payments received by Lender under paragraphs �; �._
<br /> . ' °� 1 and 2 shaU be applied: fus�to any pzcpayment charges duc under the Note;second,to amounts payablc under paca�aph 2: • . -- _
<br />-`� , ' � � . . �.� Uurd,to interest due:fourth,w principal duc:and last,to any tate charges due undcr the Note. ; •� ; ��
<br />��� 4.C6srges;Liens. Borrower shall pay all taxes,asscssmcnts,chazgcs, fines and imposidons attributable to the Fropercy+ -�`��
<br /> _• _ _^,_� whicb may anain priority over this SExe�ity Instrumcnt,and leaseho?d payments or gound rents.if any.$orrower shall pay thcsc .`� _
<br /> obligations in ihc manncr provided in paragraph 2,or if not paid in�:�t manncr,Barrowcr shali pay thcm on time�irccdy to thc
<br /> ` • • person owed paymen� Benower shall prompUy fumish to Lendcr all naaces of amounts to be paid under ihis paragraph, if , , .
<br /> . Horrowcr makcs thesc paymcnu dicecily,Boaowcr shall prompUy Cumish to Lendcr rcccipts cvidcncing the paymenis. .. . . . .
<br /> � � Borrower shall promptiy discharge any lien which has priority over this Sccurity Instrument unless Borrower. (a)agroes in . . ,
<br /> � .. writing to thc paymcnt af thc obligauor.s:�curcd by�hc licn in a e�au�cr acccptablc to Lcndcr:(1�)contcsts in good faith t�s licn _
<br /> • by, or Qcfends against cnforccment c: chc licn in. lcgal proceedings which in the L.endcr's opinion operato to prec�c �_`�e • .
<br /> � � � cnforccmcnt of thc licn:cr(c)sccures from ihc holdcr of thc licn an agrcemcnt satisfactory to l.cndet su6ordinaling thc i'sen to
<br /> � this Sccurity lnswment If Lcrtder dctermines that any part of the Property is su�j�:t to a Gen which may attain priority over this " . • . .
<br /> : • � � Sccurity Instrumcn�Lcr.dar may givc Borrowct a noilcc idcnufyin�thc licn.Borc�wer shall satisfy thc licn or takc onc or moru �°" : � : ; �
<br /> � of the acdons sct forth abovc within 10 days of the giving of nouce.
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<br /> ' ' Form 3028 9�90 � � �
<br /> �•9R(NE)te2+210� PagO 2 015 �nroa�e .:.
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