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<br /> TOGETHER WITH ull thc improvcments now or hereafter erected on the property,und all c�i ����a��«ti•a°�
<br /> �� � fixtures now on c�reafter a pan of the property. All replacements and additio�s�u�� als�� be covered hy this 5ecurity �I .�;
<br /> ' � Instrument. All of the foregoing is refcrred to in this Security Instrument as thc "Pro rt , :
<br /> : RORROWF.R r�VF.NAN'I'S that Borr� unencumbered�excepertir�r�xuinbrunbs Of CCCC�T aBc�rrnaer wbrrunt��ani�wildl �
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<br /> � �'� canvcy thc Property und that thc Property � ��''
<br /> defend generully the tide to the Property aguinst all ciaims and demands, subject to uny encumbrunceti of record. �♦^
<br /> ,.};,�� THIS SECURITY INSTRUMENT combines uniform covenants for nutionul use and non-unifarni covenunts with limited _
<br /> variutions by jurisdiction to constitute a uniform security instrument covering reul property. —
<br /> UN(FORM COVENANTS.Borrower and I.cnder cavenant and agree as follaws:
<br /> 1. Payment of Pr(ncipal and Interest; Prepayment and Late Chur�es. Borrower shall promptly pay whcn due the
<br /> principal of and interest on the dcbt evidenced by the Note and any prcpuyment and latc charges due undcr the Note. �
<br /> Z. Funds for Tuxes and Insurance. Subject to app��cable Inw or to a written waiver by Lender, Borrower shall pay to
<br /> � L.ender ori the day monthly paymcnts wrc duc undcr thc Nnte,until the Note is paid in full,a sum("Funds")for:(a)yearly taxes
<br /> " • and assessments which may attain priority over this Security Instrument as a licn on the Property:(b)yearly Icasehold payments —
<br /> 4. or ground rents an the Property.if any;(c)yrarly hazard or property insurunce premiums;(d) ycarly tlood insurunce premiums,
<br /> . F, if any; (e)yearly mortguge insurance premiums,if uny: and(fl any sums payable by Borrower to Lender, in accordance with
<br /> � � the provisians o[puragraph 8, in lieu of the p:�yinent of mortgage incurance premiums.These items are culled"Escrow Items." _
<br /> Lender may, at uny time, collect und hold Funds in an amount not to exceed the muximum amount u IenJer for a federally —
<br /> � related mortgage loan muy require for Bonower's escrow account under the federal Real Estate Settlement Pmcedures Act of i
<br /> 1974 as amended from time ta time, 12 U.S.C. Section 2601 et sey. ("RESPA"), unless anothcr law thut upplies to the Funds r
<br /> :� sets u lesser amount. If so. I.ender may, at any time, collect and hold Funds in an amount not to exceed the Iesser umount,
<br />� i.cndcr may estimate the amount of Funds due on thc basis of currcnt data and reasonable estimates of cxpenditures of future
<br /> ` '� Escrow Itcros or othcrwise in accordancc with applicablc luw.
<br /> 'fhe Funds shall be held in an institution whose deposits ure insured by u federal a;ency, instrumcntality, or cntity
<br /> ,. (including I.ender,if I.endcr is such an institution)or in any Federal Home Loan Bank.Lender shall upply the Funds to puy the
<br /> Escrow Items. [.ender may not charge Rorrower for holding and applying the Funds, annuully unalyzing the escrow account, or
<br /> verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable luw permits Lender co make such
<br />---_--` -�`� a cnargC. Fi.iwevcr,Lender may req!>ir���n'ower to pay a ane•time charge far an independent reul estatc tax reporting service
<br /> �
<br /> used by I.ender in connection with this laan, unless applicable Inw provides otherwise. tinte+� u�� ttbiµ����rit i� msde er
<br /> applicublc law requires interest to be paid.Lender shall not be required to pay Bon•ower Any interest or earnings on the Funds.
<br /> � Borrower and Lender may agree in writing, however, that intcrest shall be paid an the Funds. L.ender shall give to Borrower.
<br /> without charge, an annual accounting of the Funds,showing credits and debits to the Funds and the purpose far which each
<br /> debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Security Instrument.
<br /> If the Funds held by L.ender exceed the amounts permitted to be held by applicable luw, Lender shall account to Borrower
<br /> for the excess Funds in accordance with the requirements of applicuble law. If the amount of the Funds held by Lender ut any
<br /> time is not sufficient to puy the Escrow Items when due, Lendcr may sa notify Borrower in writing,and,in such case Borrower
<br /> shall pay to L.ender the umaunt necessary to make up the deficiency. Bottower shaU make up the deficiency in no more than
<br /> twelve monthly payments,at L.cnder's solc discrction.
<br /> � Upon payment in full of all sums xecuted by this Security Instrument, Lender shull promptly refund to Bonower any
<br /> . ' �
<br />_ ' of he Property.�.+'hall applynany Funds,hcld by Lcnder at the un e of acquisition or salc as aeredP agaimthhee ums`securcd by
<br /> this Security Instrument.
<br />' 3.Appltcutlon of Payments. Unless upplicablc law provides otherwise,all payments rcccived by I.endcr under parugraphs
<br /> I and 2 shall be upplicd:first, to any prepayment rhargcs duc under thc Notc; sccond, to amounts payable under p�ragraph 2;
<br />� third,to intcrest due:fourth,to principal duc:and last,to any late chargcs due under thc Note.
<br /> ;s. 4.Charges;Liens.Borrower shull pay all tuxes, asressments, chargcs, fines und impositions utu•ibutable to thc Property
<br />— - � which may attain priority ovcr this Sccurity InstrumenL and leaschold payments nr ground rents, iF any. Borrowcr shull pay
<br /> " � these obligatiuns in thc mamicr providcd in paragruph 2,or if not paid in that manner, Borrowcr shaU pay thcm on time directly _
<br /> ' to thc person owcd paYmcm. Borrowcr sliaU promptly furnish to l.cndcr all noticcs of amounts to be paid undcr this parugraph.
<br /> if Borrowcr makes thesc paymcnts directly, Borrower shall promptly furnish to LenJcr reccipts cvidcncin�the payments.
<br /> Bonower,hall promrtly dischurge any licn which has pri��rity c�ver this Security Instrument unless Bormwer: (a)agrees in
<br /> ' writing to thc puynunt of thc ubligatiun�ccurcd by thc licn in u manner acccptablc to I-endcr;(b)contcstti in good Taith dic licn
<br /> ? by, or dcfcnds ugainst cnfoncmcrn uf thc licn in, legal prurccdings which in thc Lcndcr's opinicm operatc to prevcnt the
<br /> enforcement of the liecr.��r(c) yccures f'rom the hulder of die lien an ugrcenxnt satisfurtory to L.ender tiuhordinating the lien to
<br /> _ this Serurity Instrument. If L.endcr detcrmines that any purt of th�PropertY is tiubjcrt to a licn which may attain pric�riry uver
<br /> this Securiry instrumcnt, Lendcr may give Borrawcr a nuticc idcntitYing thc licn. Burrowcr shall�ati.fy thc licn i�r takc onc or
<br /> ntorc of[hc artiuns sct li�rth ahovc within 10 d.tys of the�iving af notirc. _
<br /> Form 3026 9190 —
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