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<br /> TOGETHER WI'I'H all the improvements now or hereafter er�ct�d on th� proQr,rty, and all easemertts, �
<br /> . appurtenances,and fixtures now or h�reafter a purt of the property.AI l replacements and additiona shall also be covered I __
<br /> by this Security Instrument.All af the foregoing is refetted to in thia Security Instrument as the"Property." � ,
<br /> BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to i
<br /> i gran[and cunvey thC Pruperty and that the Property is unencumbcred,vxcept fur encumbrance.s of record, Borrowe£� _
<br /> warrants and wi11 defend generally the title to the Property against all claima and demands,subject to any encumbrance.00
<br /> i ofrecord. � �
<br /> THIS SL�CURITY INSTRUMENT combines uniform cavenants for natianal use anJ non-uniform covenants with� �
<br /> limited variutions by jurisdiction to constitute a uniYorm security instrument covering real property. � ,
<br /> UNIFORM COVENANTS.Borrower and Lender cuvenant and agree as follows: �i =
<br /> 1.Payment of Priacipal and Int�rest; Prepayment and Late Charges.Borrower shall promptly pay when due W "
<br /> the principal of and interest on the debt evidenced by the Note and any propayrnent and late charges due under the Note.W � _
<br /> 2. Funds for Tazea and Insurance.Subject to applicable law or to a written waiver by I.ender, Borrower shalljv �k;.�`"'_
<br /> pay to I.ender on the day monthly paymenta are due under the Note,until the Note is paid in full,a sum ("Funde"�for: �Y�='-
<br /> (a)yearly taxes and easessments which may attain priority over this Security Inatrument as a lien on the Property; (b) • '
<br /> yearly leasehold payments or ground rentson the Property,if any; (c)yearly hazard or property insurance premiuma; `
<br /> (d) yearly flood insurance premiuma,if any;(e)yearly mortgage insurance premiums, if any;and(f)any sums payable
<br /> by Borrower to Lender,in accordance with the provisions of paragraph 8, in 1 ieu of the payment of mortgage insurance
<br /> premiums.These items are called "Fscrow Items."I.ender may,at any time, collect and hold Nunds in an amount not I -
<br /> to exceed the maximum amount a ]ender for a federally related mortgage loan may require for Borrower's escrow �
<br /> account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, l2 U.S.C,
<br /> ; Section 2601 et seq. ("RFSPA"), unless another law that applies to the Funds sets a lesser amount.If so, I.ender may,
<br /> at any time,collect and hold Funds in an amount not to exceed the lesser amount. I,ender may estimate the amount oi '
<br /> � Funds due on the besis of current data and reasonable estimates of expendituresof future Escrow Itemsor otherwise in �°
<br /> �: accordance with applicable law. -
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<br /> The Funds shall be held in an inatitution whose deposits are insured by a federal agency,instrumantality,or entity .���;
<br /> (ineluding Lender,if Lender is such an inatitution)or in any Federal Home Loan Bank.I.ender shall apply the Funds to , �:_
<br /> ' pay the Escrow Items.I,ender may not charge Borrower for holding and applying the Funds, annually analyzing the � _�..�__
<br /> escrow account, or verifying the Escrow Itoma,unless I.ender pays Borcower interest on the Fundx and applicable law
<br /> permits I.ender to make such a charge. However, I,ender may require Borrower to pay a one-time charge for an �i, �
<br /> � independent resi estate tax reporting service used by Lender in connection with this loan,unless applicable Iaw provides ;.=:`��1��--
<br /> • otherwise.Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to '��.� � �=:i
<br /> � pay Borrower any interest or earnings on the Funds.Borrower and Lender may agree in writing,however.that interest ` -
<br /> � shall be paid on the Funds.Lender shall give to Bonower,without chsrge,an annual accounting of tha Funds,ahowing �Y� ,�`, , •
<br /> � credits and debits to the Funds and the u se for which each debit to the Funds wes made.The Funda are led ed as "� � }`
<br /> i P rP° P 8 ,�.
<br /> i additional security 4or all sums secured by this Security Instrument. ( ,:��'�,„', �`
<br /> If the Funds held by I.ender exceed the amounts permitted to be held by applicahle law, Lender shall account to � �"��
<br /> Borrower for the excess Funds in accordance with the requirements�f applicable law. If the amount of the Funds held , `
<br /> by Lender at any time is not suiPicient to pay the Escrow Items when due, Lender may so notify$orrower in writing, `��' �'`,-'',�_
<br /> �.rt::;.:..r=
<br /> and, in such c,ase Bonowar shall pay to I,ender the amount necessary to make up the deficiency.Borrower shall make �^°�
<br /> I up the deficiency in no mora than twelve monthly payments,at L.ender'ssole discretion. ��.`�—�
<br /> Upon payment in full of aU sums secured by this Security Instrurnent,Lender ahall promptly tefund to Borrower �,�" '�•
<br /> any Funds held by Lender. If, under paragraph 21, Lender shall acquire or sell the Property, I,ender, prior to the `"'����•---_
<br /> acquisition or sale of the Property,shall apply any Funds held by I.ender at the time of acquisition or sale as a credit •�'�""'��"_
<br /> against the sums secured by this Securi ty Instrument. ';� �--
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<br /> ' 3. Application of Payments. Unless applicable law provides otherwise,ell payments received by Lender under ��_
<br /> � paragrapha 1 and 2 ahall be applied:first,to any prepayment charges due under the Noto;second,to amounts payable ;;;;:�s�r
<br /> under paragraph 2;thitd,to interest due;fourth,to principal due;and Ir;st,to any late charges due under the Note. ����yj�
<br /> i 4. Chscges; Liens. Borrower shall pay all taxes, assessments,charges, fines and impositions attributable to the � -
<br /> Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. z`',�.,` '�i
<br /> � Botrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner, Borrower ,.+pZ.'�"` �•• •��
<br /> ; shall pay them on time directly to the person owed payment.Borrowerahall promptly furnish to Lender all notices of �-.���� '%�"�
<br /> Jamounts to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly turnish t; ,+
<br /> { to Lender receipts evidencing the payments.
<br /> Sorrower shall promptly discharge any lien ryhich has priority over this Security Instrument unless Borrower: (a) .
<br /> ' agrees in writing to the payment of the obligation secured by the lien i n a manner acceptable to Lender;(b)contests in
<br /> ' good faith the lien by,or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion
<br /> operate to prevent the enforcement of the lien; or (c)secures from the holder of the lien an agreement satisfactory to i ,.
<br /> I.ender subordinating the lien to this Security Instrument.If Lender determines that any part of the Property is subject i
<br /> to a lien which may attain priority over this Security Instrument,Lender may give 13orrower a notice identifying the '
<br /> lien. Borrower shall satisfy the lien or take one or more of the actions set fnrth above within 10 days of the giving of �
<br /> notice, i
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<br /> ., �-8R(NEl�oz+z�.o+
<br /> Form 302! 9/J!0
<br /> ��9�z oe 6 Initiala: �
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