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<br /> TOGETHHR WITH all the impravements now or hereafler erected on the pmperty,and all easements, appurtenances,and �
<br /> � fixtures nnw or hereafter a part of the property. All replacements and additions shall also be covered by this Security
<br /> � Instrument.All of the foregoing is referrcd to in this Security Instrument as the"Proper[y."
<br /> BORROWER COVENANTS thnt Borrower is lawfully seised of the escate hereby conveyed and has the right to grant and
<br /> wnvey the property and that the Property is unencumbered,except for encumbraaces of record. Borrower warrants and will
<br /> o«�..r•�^�1° defend generally the title to the Property agninst all claims and demends,subject to any eacumbrances of record. •
<br /> • •� THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform coven�tnts with limited
<br /> varlatians by Jurisdiction to constitute a uniform secur[ty instrument covering real property. _
<br /> � UNIFORM COVENANTS. Bonower and LendeP covenaut and a�ree as follows: ..._;
<br /> 1. Payment of Princtpal aad Interest; Prepayment and Late Charges. Bonower shall promptly pay when due the •� -%`=:-•
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<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. •`.•.,,._,
<br /> 2. �nds tor Texes Ac�d Insurar�ce. Subject to applicable law or to a written waiver by I.ender, Bonower shall pay to
<br /> Lender on che day monthly payments are due under the Note.until the Note is paid in full, a sum("Funds")for:(a)ycarly taacs .�:�_W--
<br /> and assessments which may attain priority over this Securiry Instrument as a lien �n the Property;(b)yearlY leasehold paymenta ";-c__
<br /> or ground reuts on the Praperty,if any; (c)yearly hauird or properry insurance premiums; (d)yearly flood insurence premiums, ��--__
<br /> if any; (e)yearly mongage insurance premiums, if any;and(� any sums payable by Borrower ro Lender, in accardance wi[h �=;.;�:..
<br /> the provisions of paragraph 8,in lieu of the payment of mortgage insurance premiums.These items are called "Escrow[tems." �,:;,x::
<br /> L.ender may, at any time, colleci and hold Funds in an amount not to exceed the maximum amount a lender for a federally "" �'__
<br /> related mortgage loan may require for Bonower's escrow account under the federal Real Estate Settlement Procedures Act of •z-==�
<br /> 1974 as umanded from time tu time, 12 U.S.C. Section 2601 et seq. ('RFSPA"),unless another law that applies to the Fund.e ��:iu��==-
<br /> . sets a lesser amount. If so, Leader may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. ;_�;���
<br /> • Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future �•��_"�
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<br /> Escrow Items or otherwise in accordance with applicable law. �
<br /> The Funda shall be held in an Institution whose deposits are insured by a federal a�ency, instrumentality, or entiry �:.�_.
<br /> � (including Lender,if Lender is such an iastitution)or in any Federal Home Laan Bank,Lender shall apply the Funds to pay the ��
<br /> ' ;;crow ii�.;,s. I,cnder:ns�zot�lls.*ge 9s'rr4u'!'r f^*hnl�lin�and aoplyin¢the Funds, annually analyzin�the escrow account,or
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<br /> � verlfying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permiu Lender to ms�kke such f"
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<br /> a charge. However, Lender mey require Horrower to pay a one-time charge for an independent real estate tax reporting service �;�_
<br /> used by I.ender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or �:»�r:_-
<br /> • applicable la�v requirea interest to be paid, I.ender shall not be required to pay Bonower any intemst or earnings on the Funds.
<br /> . • Bonower and Lender may agree in writing,however. that interest shaU be paid on the Funds. Lender ehnll give to Bonower, ��,�
<br /> �. ' without charge, an annual accaunting af the Funds, showing credits and debits to the Funds and the purpose for whlch each �' �
<br /> i� � debit to the Funds was made.The Funds aze pledged as addidonal security for all sums secured by this Securlty Instrumenc.
<br /> �� �� if the Funds held by I,�nder exceed the amounta permitted to be held by app8cable law, Lender shall account to Bonower —
<br /> - � -.� far thc c�cess�unds in accQrdar_ce wi►h the requirements of applicable law.If the amount of the Funda held by Lender at any �
<br /> time is not sufficIent to pay the Escrow Items when due,Lender may so notify Borrower in wdting, and,in such case Bonower
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<br /> shall pay to I.eader the amount necessary to make up the deficiency. Bonower shall make up the deficiency in no more than
<br /> -�..�,z�;.:.;;""' twelvc monthly payments,at I.ender's sole dlscretion. _
<br /> -'`?"'�"�• Upon payment in full of all sums secured by this Secvrity Instrument, Lender shall promptly refund to Borrower any
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<br /> :^�?;�} Funds held By L,ender.If,under paragraph 21, Lender sdall acquire or sell t�e Properay, Lender,prior to the acquisition or sale
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<br />=��=s_�;1,� af the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums securod by �`�
<br />°�'^'.�;'.';�� • this Securlry Instcument. `_,
<br />-° - � �`-���� 3.A pllcatlon of Pe enta.Unless licable law rovides otherwise,all a ments received b Lender under ua ra hs —;:_
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<br /> ;� X;,- 1 and 2 shall be applied: first,to any prepayment charges due under the Note; second,to amounts payable under paragraph 2; �;_��
<br /> s_��,r:: th9rd,to interest due;founh.to principal due;and last.to any late chazges due un�er thz Note, -
<br /> __T�_�.��� 4.Charges; Llens. Boaower shall pay all taxes.essessments, chazges,fines and impositiona atidbutable to the Property F.
<br />=:� � wlii�h may attain priority over this Security Instrument, and leasehald payments or ground reats, if any. Borrower shall pay �__-
<br /> :.�r�•��. thcse obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on time directly v _
<br /> � � • to the person owed payment.9onower shall promptly turnish to Lxnder all notices of amounts to be paid under this paragraph.
<br /> N V�'''�� � If Borrower makes these payments directly,Borrower sball promptly fumish to Lender receipts evidencing the paymenu. -�--
<br /> ' ' Bonower shall promptly discharge any lien which has prioriry over this Securiry Instrument uiiless Bono�ver:(a)agrces in ��.-
<br /> ' `.�`` writing to the payment of the obligation secured by the lien In a manner acceptaUle to Lender; (b)contests in good faidi the lien �="'
<br />- • by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the �:--
<br /> • enforcement of the lien; or(c)secures from the holder of tkie lien an agreeinent satisfactory to I..ender subordinating the lien to ��-°'____
<br /> - this Secui7ty Ittstcument. If Lender detcrmines that any part of the Property is subJect to a lien which may attaln priority over .�.�-°=__.,
<br /> . , this Securiry Instrument, Lender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or take one or r' '�_�-
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<br /> more of the actions set forth above with!n 10 days of the giving of notice. . �``
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<br /> Form 3028 9190 � -
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