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<br /> l<��� ` . TOGETHFR WITFI all the impruvements now or hereafter erected on the pmpe�ty. .��'..',s � ��:
<br /> • ' '"� laoements and adaitions shall also be wvered by this Security F•
<br /> K " � futunes now� or hereafter a part of the praperty. Al! cep �'" ` `. �
<br /> " e Insaumem as the"�ropenY•" � -
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<br /> ;�F�• .�'��/ Inmume�t.Al!of the foregoing is referred to in this Securiry �nve ed and I�as the ri8h�to grant and - ' `
<br /> _ ��.- BOR1tOWER COVENElNTS timt Borrower is lawfully seisc�of the estate 8erebY Y ` . . .:'..' :.
<br /> � . � . ts unencumbered.except for encumbrances of ceoord. Borrower war�ants and will r
<br /> � convey t he Pro pe rt y and that the Praperty ' 4 =
<br /> �; --- �...:`>-�'.�` defend gerterally the tide to the Property against ail daims and demands.sabjeci to any encum brances o f r e o ord. `'
<br /> _ THIS SECURITY INSTRUMENT combines uniform covenants for national use and non uniform covenants with liraited � .' '• .:.F
<br /> . � — -- vaziations by jurisdiction to a�nstimte a uniform securi ty in�tn�ment w�ering mal proPeTtY. ,,.__._, .f --.
<br /> UMFORM COVENANTS.Borrower and Lender cove�t and agree as fouows:
<br /> •� 1. Paymeat o�Frindpal and Interest: Prepaymeut and Late Cdarges• Borrower shall promptly pay when due the . ,•` '
<br /> �` ' `� `� �• ,• es due under the Note.
<br /> _J:.. � ;, a ment and late chatg
<br /> ,��F.. . ::�' _=;_��',�'` principal of and interest oa the debt evidenced by the Note and anY P*�P Y . ; , -
<br /> • ' 4 2,Ftmds for Taxes aud Insarauoe• Subject to applicable law or ta a written waiver by Lender. Borrower shal!pay co
<br />�`�:. ,, . � . Lender on the day montlily payments are due ander the Note.u�il the Note is paid in fuli.a sum("Funds")for.(a)yearlY tax� ,.��4.." �__:
<br /> teasehold paytne ,' F`"
<br /> '`; . • �'...'` and nssessmeats which may attain priority over this Securiry Inswment as a lien on the F�operty;(b)Year1Y x'_.
<br /> `��`,°s �f an . c earl ha7ard or ro insurance Premiwns:(d)Year1Y flood insuiance premiums, ,:.'=-°a.--_
<br /> ,w,: ; •. . ,, ,'�;; or ground rems on the Pcoperty.� Y'( )Y Y P P�Y .: ;,;.;? .
<br /> �•` if any' (e)Y e a r lY mo rtga g e insarance premiwz�s. if any:and(�ar►Y sums payable by Borrower to Lender,in accordance with ",,. . �.,�, :;�:-
<br /> ��:;.. . remiums.These ite�sare c a ll e d"F scrow I t e m s." .
<br /> �:� � the provi�ions of paragrapb 8,in Qeu of the payraent of mortgage insurance p .��,-.��`��• - -
<br /> ��.; �� . : . Lender may.at any rime, coltect and hotd Funds in an amount not to exce�d the maximum amaunt a lender for a federally
<br /> 3,` , ' ' related murtgage loan may require for Borrower's escrow axount under the federal Real Estate Settlement Pr°cedures Aa of _ `-._
<br /> �,' ` .`�` 1974 as amended from time tfl time, 12 U.S.G Section 2501 et seq. ("RESPA").�nle.ss a°°the�law that applies to the Fands . ---
<br /> � sets a lesser amount. If so. Lender may, at any time. coAect ar►d hotd Funds in an amount not to exceed the lesser amoun� ;__
<br />�`r'�---' ---'-"`�.` I.ender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expeaditures of futwe , s—
<br /> -���,, '�<Y ` • � Escrow Items or atherwise in accordai►ce with applicable law. ',:.V. � -•`_
<br />`4'; '� � The Funds shail be held in an institution whose deposits are iasured by a federal agency. instrumentality, or entiry �< ° �
<br />�. . ,
<br /> includin I.ender.if Lender is such an institution)or in any Federal Home Loan Bank•Lender shall apply the Funds W PaY�e �.'�,,�;,.�Lr,,,
<br /> � ( $ the escraw accoun�or =>-.:•,_.
<br /> '. �°`�_•_ .�. � Fscroc�Items.Lender may not charge Borrower for holding and applying the Funcls.annuallY analYzing __
<br /> •- _ . ... '::ti�: - �_�_�.:
<br />��'.; . verify+ing the Esecow Items.onless 1-ender pays HoROwer interest on the Funds and applicable{aw permits Lender w malce sue6 ____,�`.�-
<br />�'� ` a char$e. However,i.en der ma y r e q uire Borrower to pay a one-time charge for an independent real estate tax reportin8 servioe _ _
<br /> ` ` • ased by Lender in connection with tl�is loan. �ntess applicable law provides otherwise. Unless an agreement is m a de or _ -
<br /> Borrower an interest or eamings on the Funds. Y.?. �:�-_-
<br /> �.�..� : � _.
<br /> �,,•;;,�,, app li c a b i e l a w r e q u i r e s i n t erest t�be paid.Lender shall not be required co pay Y .. F:-�-__
<br /> �k,� :; !:`;`-.� ; - m writin hawever,that interesc shall be paid on the Funds.L e n der s h a l!giv e t o B o r r o w e r, _
<br /> e
<br /> • Borrower and Lender may agre�� &• '� ' �
<br /> ' � �'"'. ' � � without charge. an ani►ual accouming of the Funds, showing crediu and debits to the Funds and the purpose for which each . ^
<br /> • ' debit to the Funds was made.The Funds are Qledged as additional security for all sums secured bY this Security Instrumen� _�-•
<br /> .1 ' hcable law,L.endrr shall account to Borrower
<br /> .R: . , . . If the Funds 6etd by Lender exceed the amnants pemutted to be held by app' , _.-�
<br />�:e':` , for t�h�excess Funds in accordance with the requiremenu of applicabte taw.If the amount of the Fu�s held by Lender at any _r__
<br /> � �.. . _. .... .. . . _
<br /> '�'- - time is not suKcient to pay the Escrow Items when due.Lender may so notify Bonower in writing,and,in such c�e Borrower =Y
<br /> .{�-`-
<br /> . .. shall pay to Lender the amount necessary ta cn�ke up the de�iciency. Borrower shall make up the deficiency in no more than ., -��^_
<br /> ` twelve monthly payments,at I.ender s sole discretion. .; . '.
<br /> . � • Upon payment "sn full of all sums secured by this Secnrity Instniment, Lender shall promptly refund to Bonower any •. �:��.•-
<br />`r.,. , -x,�,.�� .�„_
<br /> - • ' Funds held by Lendec.If,under paragraph 21.Lender shall acquire or sell the Property.Lender.prior to the acquisition or sate -
<br /> .x-�'°: ' � - �� �� of the Property.shall apply any Funds hetd by Lender at the time of acquisition or sate as a credit a�ainst the sums secured by ;' -
<br />_��,; . . this Security Instrument. ,: _
<br /> �!�� 3.Appltcation of Payments.Unless applicable law provides otherwise,all payments received by Lender under paragraphs : _
<br /> ==�.�. ' � 1 and 2 shall be applied: first.to any prepayment charges due under the Note:setond.to amounts payabte under patagraph 2; �.��;._���
<br /> ;` �• `" •. . fhird,to interest due:fourt h.to princi p a l d u e:and last,to an y late charges due under the Note. _
<br /> � ' 4.Charges;Liens. Bonower shal!pay all taxes.assessments, charges. fines aad impositions attributable to the Property
<br /> :' � � . which may attain priority over this Security Instrument. and leasehold paymenu or ground rents, if any. Boaower shall pay _ , . .
<br /> �'�`. " •� these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrower shall pay them on dme directly
<br /> � � to the person owed payment.Borrowcr shall promptly fumish to Lereder all natices of amounu to be paid under this paragraph.
<br /> �7• �, ' If Banowcr makes these payments direcdy.Borrower shall promptly fumish to l.ender receipts evidencing the payments. � .
<br /> Borruwer shall promptly discharge any lien which has priority over this Security instrnment unless Bonower:(a)agtees In
<br /> ' . � � � writing to the payment of the obligation securec!by the lien in a manner acceptable to Lender,(b)contests in good faith the lien
<br /> - . ' : by. ar defends against enfarcement of the lien in. tegal proceedings which in the Lender's op'snion operate to prevent the
<br /> enforcement of the lien: or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
<br /> this 5ecurity Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over
<br /> �� �� � • this Security Mstrument. L.ender may give Borrower a notice identifying tbe lien.Borrower shall satisfy the lien or take one or
<br /> � � more of the actions set farth above within 10 days af the giving of noticc.
<br /> ,:•=•.�` . , ' . Form3028 9180 .. �
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