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<br /> T0C3BTHER WITH all the improvements now ar lierexfter erected on the property,and all e.G,en�ents, uppurtenances,xnd I '°,r-:�-
<br /> ` tIxtures now or hereafter a part af tbe properry. All rrplucenirnGy xml addfdans shaU :Qsa he cnvered hy thir Securlry , __
<br /> Instrument. All of the foreboiug Is refeneJ ro in th3s Securiry Iiucrun�ent as the"Praperty." • -
<br /> � BORROWBR COVENANTS that Borrower is lawfully�eised af the estute bereb/cunveyed xnd tias the dght to grant und�
<br /> . • convey the Property aad that the Property is uneucu�ahered, except far ettcwnbrances of re�ord. Bonawer warrant�und will�
<br /> `•� defend generally the dde to the Property against all claims and damunds.subject to su►y encutubtances of tecord.
<br /> THIS SECU1tITY 1NSTRUMBNT combiues unifonn coveuants for audonal use und non-uniform covenants wlth lfmitett•�
<br /> varladops by jurlsdlcdon to consdrote a uniform security instrument coveriag real praperty. p _
<br /> UNIFORM COVflNANTS. Borrower aad Lender covenxnt and agree as follows:
<br /> 1. Paymeat of Princlpal and Interest; Prepayment and Late Charges. Bonower shall prumptly pay whca due the� _ -
<br /> princlpal of xnd interest an the debt evidenced by the Note und aay prepaywent and late charses due ander the Note.
<br /> '. 2. Funds for Taxes and Insurance. Subject to applicable law or to a wrltten waiver by Lender, Borrower shall pay to� '•:`;;—
<br /> Lendet ou the day monthly payments are due under the Note, uuul the Nute is paid in full,a sum("Funds")far:(a)yearly taxes _3f'-
<br /> und us�essmeats which may attain priority over this Security Iasmunent as a lisn ott the Property; (b)Year1Y leasehold payiuents .,;yF=
<br /> or ground rents on the Property,if any;(c)yearly lia�ard or praperty insurance pnmiurps;(d)yearly flood insucance ptemiuins, .
<br /> if any; (e)yeurly mortgage lnsvrance premiums,if any; and (fl any stuns payable by Borrower to Lender. in accordance with '��
<br /> 3 the provisians of paragraph 8, in lieu of the payment of mortsage insuiance premiums.These items are called"Bscrow Items." ��w;
<br /> � Leader may, at any time, collect and hnld Fuuds in an �nount not to exceed the raaximwu amaunt a lender for a federally _
<br /> � related mortsage loan way require for Bonower's escraw ac;count under the federal Real Bstate Setdement Procedures Act of "�
<br /> 1974 as amettded from time to tittie, 12 U.S.C.Secdau 2601 et seq. ("RHSI'A"),unless another law that applies to the Funds
<br /> � seu a lesser amount. If so, L.eader may. at any dme, collect and hold Funds in an aruount not to exceed the lesser amaunt.
<br /> � Lender may estlmate the tunount of Funds due on the basls of curreat data and reasonable estimates of expenditures of future
<br /> Bscrow Items or otherwlse in accordance with applicable law.
<br /> The Fnnds sUall be held In un insdtution whose deposits ate insvred by a Federal agency, iastrumentaliry, or eatley .
<br /> (including I.ender,if I.ender is such aa insdtution)or In any Faleral Home Loun Bank. Lender shall apply the Funds to pay the
<br /> � Sscrow Items. L.eader may not charge Borrower far holding and applying the Funds,annually aualyziug the escrow account, or
<br /> -� �erifying thP gscro�v It?r�s,�!nle.cc i xnder pays Borrower interest on the Funds and applicable law permlts l.ender to malce such .
<br /> a charge. However, L.ender may requlre Borrower to pay a one•drne charge for an indenendent real estate tax repordng service
<br /> used by Leuder in wnnecdott wlth this loan, unless applicable law provides otherwise. Unless an agreement is made or
<br /> applicable law reyuires interest to be patd,LenJer shall not be required to pay Bonower aay interest or earnin�s on the Puads. �
<br /> Borrower attd Lender may agree in wridng,however,that interest shail be paid on the Funds. Lender s�all glve to Bonower, �_, _
<br /> without charge, an annual accouttting af the Funds,showins cre.clIts and debits to the Futtds and the pucpose for which each ��
<br /> debit w the Funds was made.The Futtds are pledged as addidonal security for all sums secured by tl�is Security Insmunent. -��_
<br /> If We Punds held by Lender exceed the amounts permitted to be held by applicable(aw.I.ender shaU account to Borrower �-�-
<br /> for the eaaess Funds in accordunce with the requirements of applicable law. If the amount of the Funds held by Lender at any
<br /> tune is not sufficlent to pxy the Bscrow Items when due, I.ender may so norify Borrower in wrldng,and,in such case Hortower _
<br /> ' shall pay to L.ender the awount necessary to make up the deficiency. Borrower shall malce up the deficiency in no more than __ _
<br /> � twelve monthly payuients.at Lender's sole discredon. •----
<br /> Upon payment in full of all sums secured by tbis Security Insnvuient, Lender shall pmmpdy refuncl to Borrower any
<br /> Punds held by Lender.If,under paragraph 21, Lendet shall acquire or sell the Property,Leader,prIor ro the acquisidon or sale ' _
<br /> of the Pmperty.sball apply any Fund+held by Ixttder at the dme of acquisltion or sale as a credit agalnst the sums secur�d by - ___
<br /> . � this Security Instruraeat. ._-
<br /> 3.Applicatton of Payments.Unless applicable law provide�otherwise,all payments recetved by Lender under paragraphs
<br /> � � 1 and 2 shall be applied: first, to any prepayment charges due under tlie Note; second. to amounts payable under paragraph 2; _ — .
<br /> . � third,to interest due;founh,to principal due;und last,to any late charges due umler the Note. —
<br /> � 4. Cha�ges; Ltens. Bonower shall pay ull taxes,asses��ments,cl�arges, fines and imposidons attributable to the Property .
<br /> � which mxy attain priorlty over d�is Secudry Instrument. and IeaseUold payments or ground rents, if any. Borrower shall pay ; �
<br /> these obli ations in the munner mvided in uru�ra h 2,or if not aid in thut msuiner, Bonower shall a them on drue dtrectl ' ��''''` �
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<br /> to tlie person owed payment. Bonower�h;u(promptly furnisli w IxuQer ull uuaces of aniounts to be pald under this paragraph. �<�y?'°-
<br /> � If Bonower makes these payments directly,Borrower slutll prowpdy furnish to Lender receipts evidencing tUe payments. '-�-
<br /> ; Bonower shult promptly discharge any lien which has priority over this Sec:uriry Instnunent unless Borrower: (a)agrees In .
<br /> ; writing to the pa}nuent of the obligaaon secureJ by die lien in a maaner acceptable to Lender;(b)contests in sood fitith the lien __r:�;
<br /> 1 by, or defends xgainst enforcement of the lien in, legal praeediags which in the Lender's opiniott nperate to prevent tbe
<br /> I enfareement of d�e lien; or(c)secures from d�e holJer of the lien xn agreement satisfactory to Lxnder subordiaating the lien to
<br /> this Securiry InstTUment. If Lxnder determines that any part of the Property is subject to a lien which may attain priority aver
<br /> � this Security IiLtitruruent, Ixnder may give Bonower a noace identifying the lien, Dorrower shall satisfy the lien or take one or I
<br /> : more of the actions set forth above within 10 Jxys of d►e giving oY notice,
<br /> ' Form 3028 9190 I
<br /> ; ��BRlNE1 ie2�si.o� P.¢�z o�o w,�ua.:.��le._�5�'3� I
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