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<br /> ' � TOCiETHER WITH all the improvcments naw or hereafter erected on the property.und ull cu;em�.•�t�. appuncnanceti,und _
<br /> � fixtures now on c�reaRcr a purt of the pmperty. All repluc�ments and additions �;hull ulso hc covcred by this 5ccurity �
<br /> Instrumcnt. All cif thc furegning is refcrrcd ta in thiti Sccurity Insrrunxnt ati thc"Propercy.'
<br /> ' BORROWER COVENANTS that Burrowcr iti lawfully sciycd o(thc ctitatc hcrchy convcyrJ and has thc right tu grant and `
<br /> �� � convey thc Property und thut the Property iti unenrumbercd, cxcept for cnr�.mbrunces i�f ruurd. Borruwcr warrant� und will �
<br /> ' 4 defend�enerully the title to the Property uguintit all elaims and demunds.�ubject���any encumbrances�if'reci�rd. �
<br /> { THIS SECURITY lNSTRUMENT combines uniform covcnan�s fc�r naticmal usc and non-unifnrm cuvcnantti with limitcd
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<br /> variations by jurisdiction to constitutc u uniform security instrumcnt cnvcrin�rcul property. �
<br /> ,,� UNIFORhI COVENANTS,Bw•ruwcr and I.cndcr covcnant and agrce.iti follnw�:
<br /> . ''�'��,` 1. Payment of Principal und Interwst; PrepAyment und Late Char�es. Bonower shall pn�mptly pay whcn duc thr =
<br /> �wR` principul af and interest on ihe debt evidenced by the Note und any prepuyment und lute charges due under the N��te. _
<br /> �, Z. Funtls for Tux� and Insurance. Subject to applicuble luw or to u written waiver by Lcnder, Borruwer shull puy t.�
<br /> ' L.ender on the duy monthly payments are due undcr the Note.until the Note is paid in full,s►sum("Funds") for: (a)ycurly tuxes
<br /> � und ussessments wfiich may uttain priarity over this Security Insrrurnent u�u lien on the Prc�perty: (b)yearly leusehold payments
<br /> .�, or ground rents uu tl►e Property.if any:(c)ycarly h:u.ard or property insurunce premiums;(d)yearly flnod insurance prcmiums, F
<br /> t if any; (e)yearly monga�e insurance premiums, if uny; and (�uny sums payable by Barrower to I..ender, in accordunce with
<br />- �' the provisions of paragraph 8, in lieu nf the puyment of mortguge insurunce premiums. Tliese items are called "Escrow items."
<br /> '' I.ender may, at any time, collect and hold Funds in an umount nd to exceed thc maximum amount a Iender for a federally
<br />• related martgagc loan may require f�r Barrower's escrow account under the federal Renl Estate Settlement Procedures Act of
<br /> ' 1974 as amended from tirne to timc. 12 U.S.C. Section 2601 et.rey. ("RESPA"), unless another luw that applies to thc Funds
<br /> s e t s a l e ss e r amount. If so,Lender may, at any time, collect and Iwld Fu�ds in an amount not to exceed the lesser amount.
<br /> L.ender may estimate the amount af Funds due on the basis of curmnt Jata and reasonable estimates o f expen ditures o f fu ture �
<br /> .. � Escrow Items or othenvise in accordance with upplicuble law.
<br /> Thc Fund, shall be held in an institution whose deposits Are insured by a federal agency, instrumentality, or entity
<br /> � (including Lender,if i.endcr is such�n institution)or in any Fcderal Home Loan Bank. Lender shall apply the Funds to pay the
<br /> Escrow Itemti. Lender may not charge Borrower for holding und applying the Funds,annually analyzing the escrow account,or
<br /> , • verifying the Escrow Items,unless Lender pays Borrower interest on thc Funds and applicable law permits Lender to make such
<br /> a ch;u•ge, However, I.endcr may require Borrower to pay a one-tirnc charge far an independent real estate tax reparting service
<br /> used by Lender in connection with this loan, unlets upplicnble law provldes otherwise. Unlesti an agreement is made o�
<br /> � upplicable law reyuires interest to be paid,Lender shall not be required to pay Borrower any interest or eurnings on the Funds.
<br /> Borrower�nd Lender may agree in writing, however, that interest shall be puid on the Funds. Lender shall give to Borrower,
<br /> �. without charge, an annual nccounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> • debit ta the Funds was made. 't ne Funds�re piecigecl a,udJitio��ai sµuriry for a:!sums sefurcd hy this Securiry Instrument.
<br /> �: 4 If the Funds held by Lender exceed the amounts permitted to he held by applicable law, Lender shall uccount to Borrower
<br />-, for the excess Funds in accordunce with the requirements of upplicable law. If the amount of the Funds held by Lender at any
<br />���•� '`� r time is not sufficient to pay the Escrow Items when duc.Lender may so notify Borrower in writing,und,in such case Borrower
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<br /> • , + , shall puy to Lender the xmount necessary to make up the deficiency. Horrowe� shall make up the deficiency in no more t an
<br /> twelve monthly payments,at Lender's sole discretion.
<br />:..'i;;:.•-. ,,;, � Upon payment in full of all sums secured by this Security Instrument, I..ender shall promptly refund to Barrower uny
<br /> ' °+��� Funds held by Lcnder. If,undcr patagraph 21,Lender shall acquire or sell the Property,L.endcr,prior to thc acquisition ar s:ile
<br />�<' •�. , of the Property, shall upply any Funds held by L.endcr at thc time of acquisition or SAIe as a crcdit against the sums secured by
<br />= " • this Security Instrument.
<br /> '" . 3.Applicutton of Fayments. Unless applicable law provides ahenvise,:�11 payments received by L.ender under puragraphs
<br />:ir.w•:���.� -....
<br /> _ ., K:�. � 1 and 2 shall be applied: first,to any prepayment charges due under the Note; second,to umounts payable under paragraph 2;
<br /> ��-+�-��• .� • third,to interest due:fourth, to principal duc;und last,to any late chargex due under the Note.
<br />_ •• • . 4.Chaeges; i.iens. Bonower shall pay uU ta�ces,:issessments,charges, fines and impositions attributable to the Property
<br /> � � � which may attain priority ovcr this 5ccuriry Instrununt, and lcaschold paymcnts or ground r�nts, if any. Bonower shull pay
<br /> these obligations in thc manner providcd in paragraph 2,or if not paid in that manner, Borrower shall pay them on time directly
<br />_ - to the person ow�d payment. Borrowcr shall prompdy fumish to Lender all notices of amounts to be paid under this paragraph.
<br /> If Borrower makes these payments directly,Borrower tihall promptly fumish to L.ender receipts evidencing the payments.
<br /> �, _ Borrower shall prornptly discharge any lien which has priority over this Security Instrument unless Borrower: (n)agrees in
<br /> ', . writing to the payment of the obligation secured by thc lien in a mannerucceptable to Lender; (b)contests in good faith the lien
<br /> , .+ by, or defends xgainst cnforccmcnt of thc lien in, legal procceding�whirh in the Lendcr's opinion operate to prevent the
<br />= ., � et�forcement af th� lien; or(c)xecures from thc haldcr of the licn an :�greement satist'3ctary to Lendcr subordinating thc lien to
<br /> this Security Instrumcnt. If Lcndcr dctcrmines thut any part of thcProperty is subject to u lien which may uttain priority over
<br /> ' � • this Securiry Instrumcnt, LcnJer may give Borrowcr u noticc identifying thc lien. Borrowcr tihall xatitify thc lien or takc one or
<br /> " �� morc��f thc actions sct fonh abovc within 10 days of thc giving of'ik�tice.
<br /> ' ' y Form 3028 AI90
<br /> Peyo 2 c�8
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