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<br /> - TO()ETH�R WITH all the improvement�now ar herc�fter crccted on Ihc property. und all eA�ementc,appurtenences,
<br /> - and fixtures now on c�reafter A part of the pmperty. All replacements and additions shall also bc covered bv thfs Sexuriry
<br /> -�-- In�aument. All otthe fongoing ix referred to in this 3ecur��y lnstrument Aa tha"Property."
<br /> --- BORROWER COVENAIV'fS that Borrower is lawfully seised of 1he eslate hereby convcyed and has the dght ta grant
<br /> �--
<br /> � - � and convey the Property and�hat the Property is unencumbered,eac�ept for encumbrances af record. Borrower warranl�and
<br /> -°----- wfll dcfend generally tlie dtla to the Property agafnst all elaimc and demenda.subJeet to any encumbrances of record.
<br /> `-{� THlS SECURTfY INSTRUMENT combines uniform covenants for nationul use and non-uniform covenunw wf�h
<br /> limited variadons by Jurisdicdon to constiwte a uniform security inetrument covering mal property.
<br /> UNIFORM COVBNANTS. Borcower and Lendcr covenant and agree as follows:
<br /> ��,���,�� l. Payment ot PrMcipal and Interest;PrepAyment and Late Char�es. Borrower ahall prompdy pay whan due the
<br /> �_=__ ______—_—� princi�al of And i�uenst on thc debt evidenced by the Note and any prepayment and late charges duc under thc Note.
<br /> Fbads tor 7laaces and Iasurpnee. Subject to applfcable law or to a wrltten wniver by Lender.Borrower shall pay to
<br /> '� Lender 9n the day rnon4hly payments a�+e due under the Note,until the Note ie paid in full,a sum("Funds")for:(a)yearly
<br /> `���`�'``� taxes and assessments which may attain pdority over thia Security Insdument as a lien on Ihe Property;(b)yearly leaaehold
<br /> -____,-=,-,_,'.,� payments or grouad renta on the Property. if any; (c) yeariy hezard or property inaurance premiums; (d) yearty flaod
<br /> _____�__.__ insurance premiums, if any; (e)yearly mortgagc insurancc premiums,if any; and (� any sums payable by Borrower to
<br /> Lr,nder.in accordmce with the provfsions of paragraph 8.in lieu of the payment of mortgage insurance premiums. These
<br /> —� items are called"Escrow Items." Lender may,at any time,collect w�d hold Funds in an amount not to eaceed the maximum
<br /> - v- ��ms`�''�� amount a lender for a federalty related mortgege loan may require for Botrowerk escrow account under Q�e fecleral Reel -
<br /> �' ""'��~��"� Estete Settlement Pracedures Act of 1974 as amended from ume to dme,l2 U.S.C.�2601 et seq.("RESPA"),unless anothar
<br /> �.,,, � law that applies to the Funds sets a lesser amount. If so,Lender may,at any lime.collect and hold Funda in an amount not to -
<br /> ,�!!�t.-,. _
<br /> .,".�Ly '"�- - •J � exceed the lessee amount. Lender may estimate the amount of Fi�nda due on the basis of current data and reasonable _
<br /> -u'�°�:' es�lmates of expenditures of fature Escrow Itema ar othenvise in accordance with applicable law. =
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<br /> : _�4 The Flmds shall be held in an ins�itution whose deposits are insured by a federal agency, instrumentaliry, or ent iry
<br /> ::�. w , � 4rt`� (inciuding Lender,if L.ender is such an institution)or in any Federal Home Loan Bank. Lender shall apply Ihe Funds to pay
<br /> the Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow _
<br /> "- • account, or verifying the Escrow Items, unless Lender pays Borrower interest on the FLnds and applicable Iaw permils
<br /> �� =>ti� �; �;; .:�, l.ender W meke such a charge. However.Lender may require Horrower to pay a one-time charge for an independent real
<br /> '.w�kr�;�L» . .
<br /> �, � estate tax reporting service used by l.ender in connection with this loan,unless applicable!aw provfdes otherwise. Unless an
<br /> ; ���L�� ag�eement ie made or applicable Isw requires interest to be paid,Lender shall not be required to pay Borrower utny interest or
<br /> -°���"�''..� earninRs on the P1nds. Borrowcr and Lender may aRree in writinR,however,that interest shell be paid on the Fundv. Lender
<br /> '�'�r�����T shall give to Bormwer,without chatge,an annual accoundng of the Funds.ehowing credits and debits to the Funds and tl�e
<br /> �n� ':"ic fi..�i
<br /> _;�,:� ,� t '_ ., purpose for which each debit to the Funds was made. The Funds ere pledged as additional security for aU suma secured by
<br /> "�``���.:Y ...?� thf:Security Inawmern. `
<br /> �•`•t� ` ' ff the PUnds held by Lender exceed the amounts perrnitted to be held by applicuble luw, L.ender shall account to
<br /> • •`�"�•�"�""��� �' Borrower for ihe excess Funds in accordunce with the requf►ements of applicnble law. If the amount of the Funds held by
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<br />- �.vp,-.;�.J L.ender nt any time is not sufficient to pay the Escrow Items when due,Lender muy so noiify Borrower in writing.nnd,in
<br /> ���� � �' ^"" such case Botrower shall pay to Lender Ihe amount necessary to muke up the deficiency. Borrower shall moke up the
<br />_ ';.- �,�,.: � deficiency in no rnore than twelve monthly paymeMs,at Lender's sole discretian.
<br />'=�•r� A��• , '� , Upon payment ln full of ali sums secured by this Security Inatrument,Lender shall prompdy refund to Borrower any
<br />-- • � Funda held by I.ender. If,under parngrnph 21,Lender shall acquire or sell the Property. I.ender,prior to the acquisitian or =-
<br /> ___- -�• •+'•� � a� � eale of the Property,shell epply any Funds held by Lender at the time of acquisition or aale as a credit against the sums
<br /> �-�� ' � aecured by this Secority lnslrument.
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<br /> ;�;�o -•.' �-;��':�� � 3. Application of Paymenfs. l,'nlcss applicublc law providcs athenvisc,all paymcnts rcccivcd by L.cndcr undcr �
<br /> •""�?' paregraphs 1 und 2 sh�ll be Applied:first,to nny prepayment charges due under the Note; second,to amounta payable under
<br /> `'� ' `�""`' '"'""`"" paragraph 2;third,to interest due;fourth,to principal due;and last,to any late charges due under the Note. -
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<br /> t�"'� • 4. Chargey; Liena. Borrower shnll pay all tuxes, assessments,charges.fines and impositions atMbuteble to the
<br /> "'•„ � �°�~y Property which mny anain prioriry over this Security Instrument,and leasehold payments or ground rents, if any. Borrower "
<br />��' ',�. ,,,;.. shall pay these obligutions in the manner provided in paragreph 2,or if not paid in that mFUmer.Borrower shall pay them on =
<br />��•��.. � ; �,. - time direcNy ro the person owed payment. Borrower shall promptly fumish to Lender all naices of amounts to be paid under _
<br /> --� , ���"'�''` :�•,. this paragraph. If Borrower makes these payments directly,Borrower shall promptly fumiah to Lender receipts evjdencing =
<br />__ , . , . , the payments.
<br />_ " Barrower shdl promptly discharge any licn which has priority ove�this Securfry Instrwnent unless Borrower.(a)agrees -
<br />,�% "�;�•`� , in writing to the payment of the obligation secured by thc licn in a manner ucceptuble to Lender;(b)contests in gaod fai�h ihe
<br />` '�` ;_;�."� - .. `� ;, lien by,or def'enda against enforcement of the lien in,legal proceedings which in the L.ender's opinion opernte to prevent the a
<br /> •�' : �� ^ enforcement of the lien;ar(c)secures from the holder of the lien an Agrecment satisfuctory to Lender subordinating the lien
<br /> -.„..`�;_� ''' to this 5ecuriry lnstrurnent. If Lender determines that any part of the Property is subject to a lien which may attan priority
<br /> •�;. over this Security Instrument,Lender may give Borrowcr a notice identifying the lfen. Borrowcr shall satisfy the lien or tsike
<br /> • " ' one or more of the nctions set forth above within 10 days of the giving of notice. _
<br /> � " • 5. H�zard or Property Insurance. Borrower shull kcep thc improvemen�s now existing or hereafter erec�ed on the
<br /> • � "� Property insured against loss by fire,huznrds included within the lerm "eztended covemge"ond uny other hazerds,including �
<br /> ' si� ' tloods or flooding, for whicB Lender requires insurAnce. 'Chis insurance shAll be maintained in the amounts and for the
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<br /> - Form 3028 9l90 pwxa 2 oj6 pr�Resl `
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