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<br /> 'I�EfE�R WITH all the impravements now or herc�fter zrected on the prop�ty.and all easements,aPPurtenances.a� ' ' • : '�
<br /> ; fumres now or hereaft�r a part of the property.All replacements and addadons shatl also be cove�ed by this Security Insmuszcnt �
<br /> All of the foregoing is rete:red w in this Security Inswme�+t as the"Propeity.° � • . ; ---
<br /> t BORROWER COVENANTS tbat Borrower is lawfully seised of the estate hcreby wnveyed and taas ihe right to grant and l , • -
<br /> convey the Roperty and that the Property is unenaunbeaed, �accept for eacumbrances of record. Borrower warrants and will , ' � . ,
<br /> � defead generally the ade to the Property against all ciaims and demands,subject tn any en�mbrances of record. � _
<br /> ; j THIS SECUKITY INSTRUN�I+1T combiues �mifo:m covenanis for national use tmd non•nniform covenants with timited r , . , . --
<br /> ; vaiiarions by jiuisdic6on to constimte a uniform se�urity instrumwt coveriag ceal propercy. . `'r
<br /> UNUORM COVENANTS.Boaower and Leader wvenaut and agree as follows: =
<br /> 1.Payment of H i�dpal and Interest3 Pirepapmeat and Late Charges. Borrower shall Pm�PUY PaY when dce d►e , . : —..
<br /> , principal of and inteaest on the debt evideaced by the Nate and aay prepayment and lats chazges due under the Note. . � __
<br /> , 2.F�ds tor Taces and Insurance. Subjeci w applicable 1aw or to a wriuen waiver by Lender, Borrowea shall pay to ( � � �..� •'��
<br /> . : L.ender on the day montWY PaYments are dsie nnder the Nat�,nntil the Norc is paid in fuQ a s�rn("Fuads'�for:(a)Y�riY�x�s �� • '• .,_:��':.:
<br /> azcd asses.tiu►eats whic6 may auain priority ov�d�is Security Instrument as a lieai on the PraP�Y:N)Y�Y Z�hold payme.nts i , •, `.:��.;
<br /> � . or ground reats an the Property,if any,(c)Yearly ha�rd or property insivance premiums;(�Yearly flood insuiance premiums,if
<br /> anY:te) Yearly mmtgage insUrance premiums,if any;and(�anY�P�Yable by Boirowca tn I.ea�der,in accordance with the � . - --
<br /> , pmvisions of paiagraph 8, in lieu of the payment of mortgage insurance premiams.'Ihese eterns are called "Escrow Itr�s." ' .' �1�=�----
<br /> '. ; Lender may,at any time,coIIect aud hald Funds in an amount not to exceed the maximum amount a lender for a fedeialty relaied
<br /> : ' mortgage loan may require for Boirower's escmw account under the fedesal Real Estate Seutement Procedures Act of 1974 as . ` ;'.�''.
<br /> amended from ti�me to time, 12 U.S.C.Section 2601 et se4• �"RFSP�►°),unless another law tLat appl��tn die Funds sets a l� � . . . -- _ _-
<br /> . amount If so,Leader may,at any time,callect and hold Funds in an amount not to exce�d the lesser amount Lender may . —
<br /> . estimate the amount of Funds due on the basis of cim+ent data and reasonable estimates ef expendit�es of fuwre Escaow Items or �_ - —_
<br /> oth,�awise m accordance wiTh a�.�licable law. �5;; �.
<br />. The Funds shall be held in an institution whose deposits are insured by a fedezal agea��;,��ume�tali or e�' �'�?• � _ :'�;
<br /> . . Lend�,if I.ender is sucd an u�stiuition or in an Fedeaal Home Loan Bank. Lender shaE LY, �Y fincludin� �,. . � .,.,}:' �
<br /> ' sti ) y s�,.�y tk_F�utds to pay the Escrow
<br /> Iteans.Lender may not ci�arge Borrower for ho]d'uig and applying the Funds,annually analy����e�row accoimt,or verifyir.g ' � .�.:� :: ,.:'
<br /> _ the Escrow It�ns,tuiless Lender pays Boaowa uiterest on the Fuuds and applicable law pemiits Lender to make s¢ch a cdarge. , t :
<br /> ; HoRaver,Lender may reyuire Borrower to pay a ou�time charge for an mdependent c�il�ta�c reporting savice�d by , .:�.•, ;•; .�.
<br /> I.ender u►oonnection with t6is loan, unless applicable taw provides othe,nvise. Unless an agreement is made or applicabls ia.w � : ' ;,t,. . "
<br /> mterzst c.�be aid,I.ender shail not be '����' r'�.t':: -
<br /> requses p ' required to pay Horrow�say inteaest or eamings on the Funds.Bonower�cS �s.;. ;
<br /> requ'
<br /> : L e n d c r m a y a g r�i n w ri t m g,h o w e v e a,t b a i i n t e a e s t s h a l l b e g a i d o a t h e L�r',.a.L e n d e s s h a ll g i v e t o B o r ro w e r.w i�o u t c h a r R e,F c . . 4'�'''� ���r
<br /> annuai accounting of the Funds,showmg creilits and debi�c�the Funds s.-��the pu�a��,for wtuch ea�h debit to t6.��unds was :� �'
<br /> '�Y;a� .
<br /> �.,r�;:, j ,
<br /> made.�he Funds are pleslged as additional secariry for all s.:�s saa�red by this Sec�it};.rinsaumen� aa3,����•. , ;; •
<br /> ��#�,,.., �. . .,�
<br /> If ihe Fuads held by Lendca exceed the amounts pean►itted w be held by applicable law,I.ender shall account ta 3orrowea far • ��� � r;,.,� ,
<br /> - the eaoess Fvnds im accordance with the u�rements of -.�:�-:. ,.'���-, � —
<br /> req ' applicable law.If the amouat of the Funds hetd by Lender at any time is ,,..-�:��G�:,:, . .
<br /> pay the Fsctow Items when due,I.ender may so norify Borrowea in writin g,and,in such case Boaowea shall pa y ''��'"�=�'
<br /> QOI$U�IC1Pd1ItO ���Z�/` ar'--
<br /> � to Lendea she amount aecessary w make up the defcciency. Bomnwer shall make up the defrcieacy in no mare than tareive �., .� { �
<br /> �� •�_.
<br /> .. manthlY Payme�ts.as Lender's sole disaetiun. =="....��;.�
<br /> Upon payaient um full of all snms s+ecured by this Seauity Instrument,Lender shall pmmpdy refwid to Botrower any Funds ,�.�:3�:�--•.- .. -- .
<br /> held by Leader.Yf,ander paragaph 2l,Lendea shall acquue or sell the Proy�ty,Lendea.prior to[�a acquisiuon or sale of the '-=�` �-- � �
<br /> �� Property,shall apgly any Funds he2d by Lend�at the time of acquisibon or sale as a credit agai�.�tiie sums sec�ued by this �:,�.�;�'•"-�°"`
<br /> Sectuity Insu��t `�""' �.a�'"
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<br /> PP ym�n�. UNess licable!aw rovides oiheav�rise,all payments received b Lender c►a� :�� �'J�.-.
<br /> � 3.A Ika�of Fe aPP P Y P�"dPhs ,u�•Kr,'.�:�;,.:-
<br /> 1 and 2 shall be�plied:h�st.w anY FrePayment charges due under the Note;second,w amounu payable�m��a�aph 2; ,r�..�,.`..'_.' .;,,�;,;,:._ �...
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<br /> thad,w interest ct�e;foasth,to principal due:and last,to any lats charges due undea the Note. . .. .�-.- ..�
<br />� 4.Clwrges;Liens. Borrower shall pay all taxes,assessYaents,charges,fines and impositions amributable to the Propeaty . . • -. _'°'�""
<br /> , whic6 may attain priority over this SeaQity Insuument,and leaseho2d payments or ground rents,if any.Hairower shall pay these „ �- '� -
<br /> obligations in the mann�r p�vided in patagrapb 2.or if noi paid in that manner.Borrowea s6all pay them on dme direcdy to the . : .; :�;
<br /> person owed payment Bolrower shall prompdy fumish tn Lender ell notices of amflants tn be paid undea tdis paragraph.I�' - - •
<br /> Barrower malces these ,;i.;;` —
<br /> . payments dircclly,Borrower shaU prompUy fumish to Lender receipts evidenc�the payments. .;,��,:; .
<br /> Bomnwe,r shall pmmptly discharge any lien ahich has priority over this Security Instrument w?.�s Borrower:(a)agre,;,� '?�,;>� .':' �
<br /> wridng tfl the payment of the obligation securcd by the lien in a mana�aooepfable tn I.ender,(b)conoests in good faith the li� • . � . ..,,.
<br /> by, or defends against enfon.ement of the li�a in, legal proceedings which in the fi.ended's opiruon operate c� prevent �:e ����x`:� �"'�'�•--��� �
<br /> , •.; �,4,,o.�a.�..�� .
<br /> - enfa7cement of the lien;or(c)s9cures from the holdea of the lien an agreement safisi'actnry to Lender suiwrd'au:�u�che lie.�r,T . . �
<br /> this 5eaari Ins�ument If Lender detetmines that an . . .,,,;.
<br /> ty Y Part of the Property is subject w a lien which may auain priar..y over ttri� .,�;.r,, —
<br /> Sec�rrity Insnumen�Lendea may give Boa�u•�r a no6ce identifying the lien.Bormwer shall satisfy the Iien or take one or r.:cn � � • L�
<br /> . of the actions set forth abave within 10 days of the giving of notice. __
<br /> � Form 3028 9I�0 � ., �
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<br /> Q-8A(�'1E)(9212I.01 Pege 2 of 8 _�a�a: � ��
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