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<br /> TOC;ti'I'HEI2 WITN ull the improvcmcnts now on c�rc��fter erected nn thc prnperty,and all ca+cinents,appunenu�iccs,und
<br /> lixlurc. nuw u� herc,�fter a pnrt �it� the properly. All replucements .ind additinns �hall also hc rrnered hy Ihis Sc�curity
<br /> Instrumcnt. All uf thc fi�rcg��ing i+referred tu in this Sccuriry Instruntent us thc "Property."
<br /> BURROWEFt COVENANTS that Hon•owcr is lUwfully sciscd of thc cstutc hcrchy c��mcycd und has thc right tc� grunt and °
<br /> runvey the Properry und that the Properry is unencumbered, exrept fur encumhranrrs��f recurd. Borrnwer warrants iind will
<br /> dcfcnd gcncrnity thc tiAc to thc Propcny aguin5t all claims and demundti, subjcc[ taany cncumhrunccx ot rccorJ.
<br /> ;'' THIS SECURITY WSTRUMENT combines uniform covenants for nutionul usc and non-uniform crncnunts with limited
<br /> ;��� � variuti�ms by jurisdiction to constiwtc u uniform�ccurity instrumcm covcring rcal prnpeny.
<br /> UNIFORM COVGNANTS. Dorrowcr and Lcndcr covcnunt und agrec as fol lows:
<br /> ° "'�''`�' 1. Payment oP Principal and Interesh Prcpayment s►nd LAte Char��. Borrowcr sh�dl prc�mpdy pay �vhen duc thc
<br /> principal of and interest on the debi evidenceci by the Note and any prepuyment und late churges due under the Note.
<br /> Z. Funds for TAxes and Insurnnce. Subject to applicabfe law or to a writtcn wuivcr hy Lender, Borrowcr shall pay to ".,,:
<br /> L.endcr on the day monthly paymcrts ure duc under thc Notc,until the Note is paid in full, a sum("Funds")for: (a)yearly taxes --
<br /> and usscssments which may attain prioriry ovcr this Sccurity Instrument as a lien on thc Propeny;(b)yearly leasehold payments
<br /> or ground rents on the Property, if uny:(c)yearly hazard or property insurunce premiums; (d)yearly flood insurance premiums,
<br /> . if any; (e) yearly monguge insurance premiums,if any; und (� any sums payuble by Borrower to Lender, in accordance with •.u
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<br /> � ,,� the provisions of paragraph 8, in lieu of the payment of mongage insurance prerniums.These items are called "Escrow[tems." �_
<br /> Lender muy, at any time, collect and hold Funds in an amount not to exceed t6e maximum amount a lender for a federally i
<br /> �' ' related mortgage loan may require far Borcower's escrow account under the federal Real Estate Settlement Procedures Act of —
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<br /> 1974 as amended from time to timc, 12 U.S.C. Section 2601 et sey. ("RESAA"),unless another law that applies to the Funds
<br /> , sets a lesser umount. If so, Lender may, at any time, collect and hald Funds in an amount not to exceed the lesser amount. �n;-
<br /> � , Lender may estimate the amount of Funds duc on the basis of current data and reasonablc estimates of expenditures of futurc °-
<br /> Escrow Itenu or otherwise in accordance with applicable law. �,-�
<br /> Thc Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity _
<br /> • (including Lender,if'I.ender is such an institutioN or in any Federal Home L.oan 8ank.Lender shull apply the Funds to puy the -_
<br /> �' Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account,or �,_.
<br /> verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such
<br /> ' a charge. However. [.ender may require Bonower to pay a one-time charge for an independent real estate tax reporting service
<br /> used by Lender in connection with this loun, unless applicable law provides othenvise. Unless an agreement is made or
<br /> '"i'� � ' applicablc ta�v requires intarest to be paid, Lender shall not be required to pay Btorrower any intcrest or earnings on the Funds. _
<br /> �� � Borrower and Lender may agree in writing, ho�vever,that interest shaU be paid an thc Funds. Lender shall givc to Bonower,
<br /> �'' without charge. un annual uccounting of the Funds, showing credits and debits to the Funds and the purpose for which each
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<br /> - •, debit to the Funds was made. The Funds are pledged as addition�l security for all sums securcd by this Sec:urity Instrument.
<br /> ���'"�`'•'��' If the Funds held by Lenderexceed the amounts permitted to be held by applicable law,L.ender sh�ll account to Borrower
<br />__=�'%rYZ_<<:' for the excess Funds in accordnr►ce with the requirements of applicable law. If thcamount of the Funds held by Lender at any
<br /> ��''." time is not sufficient tu pay the Escrow Items when due, Lender may so notify Iiorrower In writi�ig,and,in such case Bono�ver
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<br /> _�.,,+_,�,F�� shall puy to I.ender the amount necessary ta make up the deficiency. Borrower shall make up the deficiency in no more thnn
<br /> _�;Y�� twelve monthly payments,at Lender's sole discretion.
<br /> ��=':;✓-r Upon payment in full of all sums secured by this Security Instrume��t, Lender shall promptly refund to Borrower any
<br /> """�``' Funds held by Lender.If, under paragraph 21, Lender sh�ll acquire or sell the Property,Lender,prior ro the acquisition or sale
<br /> "�"" � of the Property, shall apply any Funds held by Lender at the time of acquisition or sale us u credit against the sums secured by
<br /> --___�� this Security Instrument.
<br /> ___ ,� 3.Application of Payments.Unless applicable lnw provides otherwise,all payments reccived by Lender under paragraphs
<br /> -- 1 and 2 shall be applied: first, to any prepayment chnrges due under the Note; saond,to amounts payeble under paragraph 2;
<br /> _____ _ third,to interest due;fourth,to principal due;and la.�t,to any late charges due undcr the Note.
<br /> -=A�:i°� 4.Charges; Llens. Borrower shall pay all uuces,assessments, churges, fnesar�d impositions attributable to the Property
<br /> __�=--'—�'a which may attain priority over this Securiry Instrument, �nd leasehold payments or ground rents, it any. Borrower shull pay -
<br /> —_- --- these obligations i�the manner provided in paragmph 2, or if not paid in that manncr. Borrower shall pay them on timc direcNy
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<br /> — = to the person owed payment. Borrowcr shall promptly furnish to Lender all notices of amounts to be paid under this paragraph.
<br /> �,,,;,�.� s If Borrower makes these payments directly,Borrower shall promptly furnish to Lender receipts evidencing the payments. -
<br /> --��-�'�►� Bonow2r shall prompdy discharge any lien which hns priority over this Securiry Instrumcnt unless Borrower,(a)agrees in _
<br /> ���.�."'::� writing to the payment of the obligation secured by the lien in a manner acccptablcto Lender;(b)contests in good faith the lien -
<br /> `�'�t'' by, or defends nguinst �enforcement of the lien in, legal proceedings which in ihe Lender's opinion operate to prevent the
<br /> ���'?r'•=�=T� , enforcement of the lien;or(c) secures from the holder of the lien an agreement saiisfactory to i.ender subordinating tl�e lien to
<br /> • � this Security Inswment. If Lender determines that uny part uf the Property is subject to a lien which muy attain priority over �_
<br /> � . ,, this Security Inwtn�ment, L.ender may give Borrower a notice identifying the licn,Borrower shall satisfy the lien or take one or —�'
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<br /> morc of thc actions sct forth abovc within 10 days of the giving of noticc. �;
<br /> Form 3028 9180 �'°
<br /> Paqo 1 0�6
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