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<br /> . TOGETHER WITH all thc Irnprovcments now on c�rcaftcr crectcd on thc properry,and all cascments,aPPurtenances.and �
<br /> fixtures now on c�reafter a part of�hc property. All rcplacemcnts and additions shall also bc covcred by this Sccurity InswmenG .
<br /> AU of Ihe foregoing is referred to in ihis Securiry Insirument as the"Property." f `_,:.,.
<br /> BORROWER COVENAIVTS ihat Borrower is lawfully seised of the estate hcreby conveycd and has thc right to grant and i _
<br /> convey the 1'roperty and that the Prope�ry is unencumbered,except for encnmbrances of record. Borrower warrants and will ,
<br /> � defend generally the title to the Property against all claims and demands,subject to any encumbrances of record. � • -
<br /> THIS SECURITY IIVSTRUMFNT combines uniform covenants for national use and non•uniform covenanis with limited � --
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<br /> variations by jurisdiction to constitu�e a uniform security instrument covering real property. __
<br /> UNIFORM COVENANTS.Borrower and Lender covenant end agrcc as faUows: I � _ _
<br /> 1.Paytnent of PrWcipal and Interest; Prepayment and l.ate Charges. Bortower shaU promgdy pay when due thc . _-
<br /> principal of and interest on the debt evidcnccd by the Note and any prepayment and Iate charges dus und�r�he Notc. '
<br /> 2.Funds far Taxes and Insuran�e. Subject to applicable law or tn a writicn waiver by Lender,Boaower shaU pay to
<br /> I.ender on the day monthly paymc;nts are due undcr the Note,until thc Note is paid in full,a sum("Funds") for. (a) yearly taxcs
<br /> and assessments which may susin priority ovcr this Security Insuument as a lIen on the P�roperty; (b)yearly leasehold payments � -
<br /> or ground rents on the Property,if any;(c)yearly hacard or propecty insurance premiums;{d)yearly flood insurance premiums,if � �:
<br /> any; (e) yearly mortgage insurance prcmiums,if any;and (�any sums payable by Boaower to Lender,in accordanee with the ��"°
<br /> provisions af paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Fscrow Items."
<br /> Lender may,at any time,collect and hold Funls in an amount not to exceed the maximum amount a Iender for a federally related • .
<br /> mortgege loan may require for Bortower's acrow account under the federal Real Estate Settlement Procedures Act of 1974 as -. ';�=:i�
<br /> amended from pme to tirne,12 U.S.C. Scction 2601 et seq. ("RESPA"),unless anothcr law that appGes to the Funds sets a Icsser
<br /> amounG If so, L.ender may, at any tirne,coUect and hold Funds in an amount not to exceed the lesser amounG I.ender may .
<br /> �! estimate the amount of Funds due on the basis nF curtent data and rcasonable estimates of expenditures of future Fscrow Items or --
<br /> � othenvise in accordance with applicablelaw. ;�-
<br /> 'Ttie Funds shall be held in an insumtion whose deposits are insured by a federal agency.instrumcntality,or enaty(including ���' _
<br /> } ' Lender, if Lendcr is such an insdpidon)or in any Fedetgl Home Loan BanJc.L.ender shuU apply the Funds to pay the Escrow �'=_-
<br />- _. Itet!?s.T F±.�drr mgy r�qt�harg�Rr►_*tOw�t fo*IM�l�ing and epplying LhP Funds,nnn��nfly analy�ing the cscrow accoun4 or vCrifYing - - ',�
<br /> the Escrow Items,unless Lender pays Horrower interest on the Funds and applicable law permits Lender to make such a charge. ` �,'��
<br /> . Howe��er.I.endcr may require Borrowet to pay a one-time chargc for an independent real estate tax reporting service used by } `{'�
<br /> Lender in connection with this loan, unkss applicabla law provides otherwise. Unless an agreement is made or epplicable law : y�•>_
<br /> requires interest to be paid,Lender staaU not be required to pay Borrower any interest or earnings on the Funds.Bonower and �''•' .
<br /> Lender may agree in writing,however,that inlerest shall be paid on the Funds.Lender shall give to Borrower,witlaut charge,an '��
<br /> annual accounung af the Funds,show ing cretits and debits to the Funds and the purpose for which each debIt to�he Funds was �,•
<br /> made.The Funds are pledged as addidonal security for all sums secured by this SecurIty InstrumenG �� �''
<br /> � If the Funds held by Lender exceed the amounts permitted to be hcld by applicable law,I.ender shall account to Sorrower for ' '*�
<br /> the excess Funds in accordance with ttie requirernents of applicable law.If the amounc of the Funds held by I.endet at any dme is �__ _. --- -
<br /> not sufCicient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and,in such case Borrower shall pay ��='�"`_•:`
<br /> W L.ender the amount necessary w rnake up the deGciency. Borrower shall make up the deficiency in no more than twclvc :��--
<br /> � monthly payments,at Lcndcr's solc discrction. �`.;��,.._
<br /> ' Upon payment in full of all sums secured by this Security Insuument,Lender shall prompdy refund to Borrower any Funds ' �,,�.;_ _
<br /> held by Lender.If.under pazagraph 21,I.ender shall acquire or sell the Property,Lender.prior to the ucquisiuon or sale of the _ -
<br /> Property. shall apply any Funds hcld by L.ender at the timc of acquisidon or sale as a cmdit against the sums sccured by this ';��:� -
<br /> Security InstrumenG ��r-
<br /> �, 3.Application of Payments. Urikss Applicable law provides otherwise,all payments received by I.endec utider paragraphs "'�=��=
<br /> '� 1 and 2 shall be a lied: first,to an a ment chaz es duc under the Note; second,to amounts a abla under ara h 2: �'r;;;^-?="�"`-_"
<br /> PP Y P�P Y B P Y P b'�P .
<br /> � third,to interest due;fourth,to principal due;anci las�to any late charges due undcr the Note. -'�-� - �
<br /> 4.Charges;Liens. 6orrower shall pay sll texes,assessments, charges,fines and imposidons atuibutable w the Property �.x-: �y�,,:�:°
<br /> which ma attain riorit ovcr this Sccurit Iasuvment,and lcasehold a ments or ound rents,if an . Borrower shall a thcsc �,
<br /> � Y p Y Y PY b7 Y PY ' . i .;,; �.
<br /> I abligadons in thc manncr provided in paragraph 2,or if not paid in that manner, Borrower shall pay them on timc dirccdy to thc I ;����''�'•:,'�:�.•' �
<br /> i person owed paymen� Borrowcr shall promptly furnish to Lender all nodces of amounts to be paid under this paragraph.If f . .,�.�,,•;,, •.• �•-
<br /> ; Borrower makcs these paymcnts d'uccUy,Borrowcr shall prompdy fiunish to Lcnder reccipts evidcncing thc payments. � ,,_
<br /> Borrowcr shall prompdy discharge any Gcn which has priority over this Security Instrumcnt unlcss Borrowcr. (a)agrces in j .
<br />� writing uo the payment of the obligauon secured by the lien in a manner aceeptable to L.ender;(b) contes�s in good faith the lien � - •
<br />- by, ar defends against enforcement of the lien in. Iegal proccedings which in the Lender's opinion operate to prevent the i
<br />- I enforccmcnt of the licn;or(c)sccures from�hc holdcr of thc lien an agrecment sausfactory to L.ender subordinating thc licn to I
<br /> " � this Secwity Insuument.If Lender determines thal any part of the Propeny is subject to a licn which may attain priority over this �
<br />- � Sccurity Instrument,L.cndcr may give Borrowcr a noqcc idenqfying thc licn.Borrower shall sapsfy thc�icn or takc onc or morc
<br /> j of thc actions sct forth abovc within 10 days of thc giving of noticc. i
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<br /> Form 3028 9190 �
<br /> , �•BR(NE)cs2�2�.0� aepe 2 oi e in�uaie:
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