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<br /> �� `�' � - WiTH all the i rovements now or hereatier erected on th��pe��ments.appurtenances.and M1 � ~
<br /> TOGETHER mp
<br /> ' ., ' 6atures now or hereafter a gart uf the property. Afl replacements and additions shall also be covered by this Seauity ��.<:�-:
<br /> � _ - ' • inswmert. Ail of the foregoing is refemed to in this Security Inswment as the"Pioperty-" .':_` = ..
<br /> ` � BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and h�s the right to grant and '�,�.''.���, �
<br /> _ � convey We Properry and d�t the Property is unencwnbered, except for encumbrances of record. Bornower warrants and wiil � '' ��': '�
<br /> .. =-r` �--' defend genersiiy the tiUe to the ProPenY aSa+�sc a!t claiav and demands.sub}eet to any encumbrances of rec�rd. -,_ 4> ..�.,_ �
<br /> ' ., . -' THIS SECIJRiTY INSTRUMENT oombines uniform covenants for naiional use and non-uniform covenants with limited •• _
<br /> • varintions by jurisdiction w constiwte a unifarm security instrument covering real property. . ���.!�
<br /> . UNIFORM COVENANTS.Borrower and I.ender covenant and agree as follows: ` ; `
<br /> � ' ' �.;t.�`: 1. Paymen4 of Princi�l and Interest; Prepaymeat and Late Ch�arges. Borrawer shall prompdy pay when due the
<br /> ,._!::, principal oP and interest on the debt evidenced by the Note u�d aay prepaycnent and late charges dae under the Note. . Y'°'-`��
<br /> � Z. Fuads for Taxes and Inswance.Subject to applicable law or to a written waiver by Lender, Borrower shatl pay to ; ���
<br /> '`� � ". Lender an the day monthly payments are due under the Note.until the Note is paid in fuU,a sum("Funds")for:(a)yearly taxes -
<br /> ":�.,:.
<br /> � • - and asse.ssmenu whicb may attain priority over this Security Insuument a5 a lien on the Property;(b)Year1Y leasehotd payments " ����"o:_
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<br /> . ° ar g�ound rents on the Property.if any:(c3 Y�Y�or property insurance premiums:(d)Yearly flood insuranre premiwns, ��- Y::• . -
<br /> . - .,.'..�_ :'4 if any: (e)Year1Y mprtgaSe insurance premiums. if any: and(�anY sums payable by Borrower to Lender,in accardance with - _-
<br /> _ ' the provisions of pa�agraph 8, in lien of the payment af mortgage insurance premiums.These items are called"Escrow Items." �'�
<br /> ` ' Lender may,at any time,collect and hatd Funds in an amount not to exceed the maximum amouni a lender for a federally v*`�4` . -_�-•-
<br /> '. ". .-`4 relate�i mortgage loan may require far Borrower s escrow account under the federal Real �state Settlement Procedures Ad of ____
<br />- . ' .... :��. 1974 as amended from time to time. 12 U.S.C.Section 2601 et seg. ("RESPA"),unless another law that applies to the Funds
<br /> ' " < � - - sets a lesser amount. if so. Lender may. at any time, collecc and hold Funds in an amount not to exceed the lesser amount. � .'����
<br /> � �. ' •' Lender may estimate the a►rtount of Funds due on the basis of carrant data and reasonable estimates of expenditures of futute '° �• � �
<br /> � � Escrow Items or otherwise in accordac�ce with applicable law. �,��..'�,� �_-
<br /> �=�
<br /> • The Funds shail be held in an institution whose deposits are insured by a federal agency. instrumentality, or enrity ''. T=--�-��
<br /> � " " ",� ' _ (inclading Lender,if Lender is such an instimtion)or in any Federal Home Loan Bank.Lender sfiall 1 the Funds to the - � -� " "'
<br /> aPP Y PaY - .;,�-.�r�:�$
<br /> � Escrow Items.Lender may not charge Borrower for holding and applying the Funds,annually analyzing ihe escrow accnunt,or .`,��;-
<br /> Sr'�..�
<br /> � � � ' ...•,� verifying the Fscrow Items.untess Lender pays Borrower interest on the Ft�nds and applicable law pemtiu I.ender to make surh ._.�_�:-
<br /> � •;� a charge. However.Lender may require Borrower to pay a one-timz charge for an independent real estate tax•reporting serrice . �_'-�-
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<br /> : • ... used by Lender in connection with this toan, uriless applicable law provides otherwise. Untess an agreement is made or ,��,.�;
<br /> � . ' applicable law requires interest to be paid. Lender thall not be required to pay Bonower any intcrest or eamings on the Funds. -__..
<br /> � ' •� � Bonower and Lender may agree in writing, however, that interest shall be paid on the Funds. l.ender shall give to Bosower, ,1� =;s�;
<br /> . withaut charge. an annual acwunting of the Funds, showing credits and debits to the Funds and the purpose for which each ,:':��'"'
<br /> - � debit to the Funds was made.The Funds are pledsed as additional secvrity for all sums secured by this Security Instrument. ^�., :��,.
<br />-' ���-���� � - ----' t� if the Funds held by Lender excesd the amounu permitted to be held by applicable law.Lender shall account to Borrower '
<br /> • � for the excess Funds in accordance with the requirements of applicable law. If the amaunt of the Funds held by i.ender at any �.���:_
<br /> . time is not sufficient to pay the Escrow Items when due.Lender may so notify BoROwer in writing,and,in such case Borrower ,�._
<br /> . ' � �`' shatl pay to I.ender the amount necessary to make up the deficiency. Bonower shall make up the deficiency in ao more than _ " '��:.;_
<br /> . .. � ' twelve monthly payments,at Lender's sole discretion. � '�`"�
<br /> � : • Upon payrnent in fuU of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower any '�°
<br /> :" ' . Funds held by Lender. If,under paragraph 21.Lender shall acquire ur ac{i ti�e P,uperty.Lender,prior to the acquisition or sale ---
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<br /> - , of the Property. shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by ' - ,r-
<br /> - this Security lnstrument. � ,. .���'•
<br /> � - 3.Appflcation of PaymPnts.Untess 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: second,to amounts payable under paragraph 2; `�e'_�-.
<br /> � • � third.to interest due:founh.to principal due:and layt,to any late charges due under thc Note. . ': ,,
<br /> ' 4.Charges;Liens.Borrower shall pay all taxes, assessments,charges,fines and impositions attributable to the Ptoperty ,;:�. •: �._
<br /> . ' • which may attain priarity ovcr this Security Instrument, and Icasehold payments or ground rents, if any. Borrower shall pay
<br /> . °� these obligatians in the manner provided in parugraph 2,or if not paid in that manner. Borrower shall pay them on time directly . .
<br /> ': • f , to thc person oweJ payment. Borrower shali pramptly famish to Lcnder all notices of amaunts to be paid under this paragraph. . •
<br /> If Borrower makes these paymen�s directly. Horrawer shall promptly fumish to Lender receipts evidencing the payments. , • •
<br /> , • � . . � Borrower shall promptly discharge any lien which hac priority over this Securiry]nstrument unless Borrower: (a)agrees in • �_
<br /> , � � writing to the payment of the obligation secured by the lien in a manner acceptable to Lender:(b)cantests in gaod faith the lien ' .•
<br /> • . . ' { by, or defendc against enfvrcement of the lien in. legal proceecl+ngs which in the Lender's opinion operate to prevent the • • ' �
<br /> '• enforceme»t of the lien;ar Ic)secures fram the holder oF the lien an agreement satisfactory to Lender suHordinating the lien to . �• _ :
<br /> � i this Security lnstrument. If Lender dctermines that any pan of the Property is subject to a lien which may attain priority over � .
<br /> . � . � this Security Intitrument. Lender may give Borrower a notice identifying the lien.Bonower tihall satisfy the licn or take one or . �
<br /> ` more of the activas sct forth above within 10 dayy of the giving af natice. . .
<br /> � i form 3�28 8190 � . �
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