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<br /> TOGETHER WITH all the improvements now or hereafter erected on the property. and ull caticment�. nppurtcnanrc+,und �.;�.,w�_Y..
<br /> ' fixtures now or her�after n purt of the pmperty. All replacements and additions shull ulso be covereJ by thi� Security ;;�*�;�
<br /> Instrumcnt. All uf the fnregoing is referred ta in this Security Insttument as the"Property." �-. �.
<br /> RORROWER COVENANTS thut Barrawcr is luwfully seised of the estute hereby convcyul und huti thc right to grant und ,t.SA-��A••
<br /> convcy thc Property and that thc Property is uncncumbered, except for cncumbranccs of rcrurd. Borrower warrantti und will , , ` `
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<br /> defenJ gencrally the title to the Property asainst all cluims and demunds. subject to any encumbrances e�f record. ;� ; _
<br /> � TH1S SECURITY INSTRUMENT combines uniform covenants for nutional use and non-unifc�m�covenunts with limited ' :.� ,_
<br /> • variutions by juri,diction tc�constitutc a unifarm security instrumcnt covcring rcal property. ��.��n-
<br /> UNIFORM COVEhANTS. Borrowcr and[.ender covennnt and a�rce as follows;
<br /> - �, oP Prin¢i al and Interest; Prepayment and Late Charges. Borrowcr shull promptly pay whcn due chc �,�_.��..
<br /> .� 1. Payment p
<br /> prinripal of und interest on the debt evidenced by the Note und any prepayment and late charges due under the Note. �„_—__
<br /> ....+a+"'-" � -- - -
<br /> � ,,,.,,,,�s; 2. Furids for Taxes und Insurance. Su6ject to upplicable luw or to a written waivcr by i.ender, Borrower shull pay ta �a:.-R__
<br /> . . � Isnder on the duy memthly paymcntti are duc under thc Note,until the Notc is paid in full,n sum("Funds") for:(ul yearly taxes ��_
<br /> ",� and usscssments which may attain priority over this Securiry Instrumcnt as u lien on the Property; (b)yearly Icaschold puymcnts �.-��_
<br /> o r g r o u�iJ rents<�n thc Pro perty,if nny: (c)ycarly ha•r.ard or property insurancc premiums;(d)yeurly tlood insurance prcmiums, 4;�___ _
<br /> �' - if nny: (e) yearly mongage insurance premiums, if any; and (�any sum�payable by Borrower ta I.en der, in uccor dance w i�h -
<br /> the provisions of paragraph 8, in lieu of the payment of morc�age insurance premiums.These items are c�dled "Escrow Items." -,;
<br /> . Lender muy, at uny timc, collect and hald Funds in an amount not to cxcced thc maximum amount a lender fo�u federAlly �__
<br /> related mortgage loan may require for Borrower's escrow account onder the federal Real Estate SetUement Pracedures Act of ^
<br /> �µ. 1974 as amcnded from time to time, l2 U.S.C. Section 2601 er seq. ("RESPA"), unless another law that npplies to the Furids
<br /> :' sets a Iesser amount. If so, Lender may, at any ti�ne, collect und hold Funds in an amount not to exceed the lesser amaunt.
<br /> L.ender may cstimate the amount of Funds due un the basis of currcnt data ancl rcusonable estimates of expenditures of futurc ----
<br /> � Escrow Item+or otherwise in:�ccordance with applicable law.
<br /> Thc Funds shall be hcld in an institution whosc dcposits arc insured by a federal agency, instrumentality, or entity a _
<br /> � (including l.endcr, if C,ender is such an institution)or in:�ny Federul Home I.aan Bank. Lcnder shall apply the Funds to puy the —__
<br /> ;� Escrow items. Lender may not churge Borrower for holding and applying the Futxis,annually analyzing the escrnw account.or
<br /> verifyin�the Escrow Items, unless L.ender pays Borrower interest on the Funds and upplicuble law permits i.ender to make such —
<br /> a charge. However, l.ender may require Borrower to pay a one-time charge for an independent�eal estate tax reporting service
<br /> ' � used by L.ender in connection with this loan, unless applicnble law provides othen�vise. Unless an agreement is mude or _
<br /> �' applicable law tequires interest to bc paid, Lender shall not be required to pay Borrower any interest or camings on the Funds.
<br /> Borrower and L.ender may agree in writing, however, that interest shall be puid on the Funds. L.ender sha11 give to Borrower,
<br /> � without charge, an annual accounting of the Funds, showins credits and debits to the Funds and the purpose for which euch
<br />- ---� debit to the Funds was made.The Fw�eS�ure pl�.:ig,:�a�additiana! securit;for al!���ms cecured by this Security Instrument.
<br /> If the Funds held by L,endcr exceed the amounts permitted to be held by applicuble law, I..ender shall account to Borrower
<br /> ' for the excess Funds in uccordance with the requirements of spplicable law. If the aniount af the Funds held by Lender at any
<br /> � time is not sufficient to pay the Escraw Items when due, Lender may so notify Borrower in writing,and,in such case Bonower -
<br /> shall puy to I...endcr the amount n�:cessary to make up the deTiciency. Borrower shall make up the deficiency in no morc than
<br /> twelve monthly payments,nt I..ender's sole discretion,
<br />_ Upon payment in full of all sums securcd by this Security Instrument, l.endcr shall promptly refund to Borrower any
<br /> ' " Funds held by Lender. lf,under paragraph 21, Lcnder shall ucquirc or sc11 the Property,Lcnder, prior to thc acquisition or sale
<br /> of the Property,shall apply any Funds held by L.ender at the time of acquisition or sale as a credit against the sums secured by
<br /> � this Sccurity Instrument,
<br /> 3.Application of Payments.Unless applicable law provides otherwise,all payments received by i,endcr under paragraphs
<br /> � 1 and 2 shall bc uppliui: first, to uny prepayment charges due under thc Notc; second. to amounts payable under paragraph 2;
<br /> • � , .-. third,to intcrest due;fourth,to principal duc:and last,to any lute churgcs due under thc Note.
<br /> � . 4.Charges; Ltens. Borrowcr shall pay all taxes, ussessments,charfics, Cnes and impositions attributablc to the Property
<br /> . , which may attuin priority over this Security Instrumcnt, and Icasehold payments or ground rents, if any. Borrower shall pay
<br /> thesc obligations in the manncr provided in paragruph 2,or if not paid in thut manner, Borrower shall pay them on time directly
<br /> to the person owcci payment. 8onowcr shall prompQy furnish to Lender all notices of�mounts to be paid undcr this paragraph.
<br /> If Borcawcr makes thesc paymentti dircctly. Borrowcr shall promptly furnish to Lendcr rcceipts cvidencing the paymcnts.
<br /> Bonower shall promptly discharge uny lien which hus priority over this Securiry Instrument unlets Borrower:(u)agrees in
<br />. � . � writing to the payment of the obligation secured by the lien in n manner acceptuble to Lender,(b)contests in guod faith the lien
<br /> by, or dcfends agAinst cnforcctnent of thc licn in. Icgal procccdings which in the Lcndcr's opinion operatc to prcvcnt the
<br /> ' � enforcement of the licn; or(r)sccures from thc holdcr of thc lien an ugrcement satisfuctory to Lcndcr suhorditiating the li�n to
<br /> this Sccuriry instrumcnt. If Lendcr detcrmincs that any part of thc Property is subject to a lien which muy attain priority ovcr
<br /> ' this Securiry in�trument, I.cnder may givr Barruwcr a noticc identifying thc licn. Borrower shull sati,t'y the licn or t:�kc one or �x:�i•-
<br /> • tnorc i�f thc action.sct forth itbav�within 10 days of thc giving of noticc. �_"-==,�
<br /> �r,,w:e
<br /> > Form 3028 9190 �'~``
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<br /> Pago?ol 8 ..
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