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<br /> � � � 'POGETE�R WITH all the improvements aow or h�crected on die property.and all�ers�ts.appurteaances.an� _ �.: ;'.
<br /> � ' fuuues now or heceafter a part of the propeny.All replacements and addirions shaall also be covered by this Scauity Instrumeut ,
<br /> _ � ' All of the foregomg is refeareti 4o in this Security L�ument as the°Property." f . � ��
<br /> ` BORROWER COVIIVANTS that Boimwer is lawfiilty seised of the estate t�reby conveyed and has the right w gr�t and j ; -
<br /> . . convey tt�Property aud t6at the Paopeny is ane.namibered.ea�cept for eacombrances of record. Bonowes wanants and will �� �
<br /> . defend generaliy the ritte m the Propeicy agamst aA ctaims and dea�aads,subjecc to any encumbrauces of record. � .�,: -., ..
<br /> - - - � '13�IIS SECLIRTTY INS1ItUIviENT cam bmes u n i fome coveaants for aatio n a l �se au d non-u n i foim coveAanu w i t h I i m i t e d � ---;-- --'-
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<br /> . variations by juris$iction tn constitute a�niform security ansuumeat covem►g real prope�ty. . . . '
<br /> , UN�ORM COVENANTS.Borrower and Lender covenant and agtee as follow� ` ;
<br /> , <i L Payment of Pr�cipal and Intere�t;Prepayment and Late Charges. Borrower shall promP�Y PaY when due the .- �.f:
<br /> , `' principal of and iatere.ct on ihe deht evidenced by the Note and anY pr�ayr�nent and late charges due under the Notc. � . � -. :. •
<br /> 2.Fuads for Taaes�d�ns�ana. Snbject to agpticable law or to a wriCen waiver by I.euder, Bormwer shall pay w . �•,�.�:.
<br /> �.. L.eader on the day montbly paym�ts are due under the Note,ant�the Note is paid'm fu11,a smn("F�mds'�far:(a)Y�Y� . �,:•�::��
<br /> - � , and ass�s�neuts which may aitain priority ovea this Security Inswment as a lien on the Property;(b)Year1Y leasehold payments • . • -. _.
<br /> ' or gmund�on the if an (c)Ye�ar1Y darard or ntsuiance premiums;(d)Yearly flood insurance mivais,if . .�.±` '__-
<br /> �P�Y, l. PmP�►Y� Pre ;':�:�:-
<br /> ' - anY•(e)Yearly mortg�ege insura�ce pmaniums,if any,and(�anY s�ms PaYable by Borrower to I.ender,in accordance with tlee • ,.� -.
<br /> � � . . proviaons of paragrraph 8, in lien of the payment of mortgage ins�uance premiums.These irems are calicd"Esauw Items." .- _— _
<br /> - � Lendear may,at�y time,wllect arcd hotd Funds in an amouat not w e�cceed ttse maximum amount a tender for a fedeaally related .. =-
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<br /> ' . . mortga8e Zoan may requnre for Homow�r's esaow account undea the fedcaal Real Fstate Settlement P[ocedures Aq of 1974 as '� ;t==::.
<br /> • ' : • amendad tzom tune to pme,12 U.S.C.Seaion 26Q1 et seq. ("RESPA'7,untess anoth�law thaT applies to the Funds seu a lesser . ��,;;�:-
<br /> ' � ' - amount 1f so,Leuder may.at any time,wllect and hoId Funds in an amount not w eaceed the Iess�amount L.ender may ; , . �..�'
<br /> � � : estimate the amouat of Funds due on the ba.4is of cunent dala and reasonabte estimates of expenditums of future Fscrow Items or �� ��_•,
<br /> otheawise in accordance with applicabie 1aw. � � .� '' .
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<br /> 1�e Funds shall be held in an ins6wtiou whose deposits are ins�red by a federal agency.ins�mentality,or entity(including ' r.. ..:��
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<br /> ' ' • � Lend�,if Lendea is such an instiWtion)or in any Fedcaal Home Loan Bank.I.endez shall apply the Fuuds ta pay the Fscrow .: .� ''" '
<br /> . . . - Items.I.euder may not charge Borrowei for ho2diag az�d appJymg the Funds,annaally arralyang the escrow account,or verifyin8 -_"'__`����.
<br /> ` •�-r=�.:.
<br /> ;:' . . �. tHie Fscrow Items,�u�less Le,nder pays Bormwer uiterest on the Funds and applic�ble taw pe�nmits Lee�der to make snch a charge. , `��"•'-
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<br /> ` • However,Lender may require Bonower w pay a one�time cdarge for an independe�t real esCare t�cc repcnting seavice used by : �� ,�� `
<br /> :; • • Lender in connearon with this loan,un2ess applicable law provides oth�wise.Unless an agreement is made or applicable law . , ��.�:.
<br /> � . requires inte�rest to be paid,[.enda s6a11 nat be requIIed to pay Borrower any intcaest or eamings on the Funds.Borrowet and ' :.�:a.^;;
<br /> • L.ender cna in aritin hocvever.that�terest shall be aid on the Funds.Lender shall give to Borcower,without char e,aa �?.. . "�:�'"-=:
<br /> ' annual acca�of the F�mds,showing credits and debits w the Funds and the purpose for which each debit m the Funds was ��� . ` .�`;f�`
<br /> • � made.The Funds are pledged as additional security for aU sums secured by this Security insuument :•:'`!`�;:
<br /> ' If the Funds held b Lendea eaceed the amounts permiued to be he2d b a I�cable taw,Lender shaII acconnt to Borrower for � V` _-"�
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<br /> �. the eacess Funds in accordance wid�the requirements of appficable law.If the amo�mt of ttie Funds he2d by Lender at any tirae is •�;,,—�—_"
<br /> � � not sufficient to pay the Escrow Items when due,Lender may so notify Bonower in writing,and,in such case Borrower shalf pay � � ��• • �7�.-
<br /> • � .� to Lendea the amount necessary to make up the deficiency. Bocrower shall make up the defciency in no more than twelve ,. ' '. � :-T'.�'.�
<br /> �. � . . ., :;',;.t«--
<br /> .�,: monthly payments,at Lender's sole discretion. � �,,,....
<br /> � . Upoa payment in fiill of all sums secured by this Securiry Instrument,Lender shall promptly refund w Borrower any Funds • .�=��
<br /> • held by Lender.If.under paragraph 21.Lender shall acquire ar scll the Propeaty,Lend�,prior w the acquisition or sate of the •
<br /> � . ' Propeaty,shall apply any Fands heid by Lendc7 at the time of acquisition or sale as a credit against 1he sams secured by this . �=.:�,�,
<br /> • • Security Instwnent �
<br />- � _:;.; 3.Application of Payments. Ontess applicable law provides otherwise,all payments received iry I.endcr under paragraphs ' ::. �
<br /> 1 and 2 shaU be applied fust,w any prepayment charges duc undcr ihc Notc:sccond,to amounts payable under paragraph 2; �� ' _ ,
<br /> third,to interest due:founh,w principal due:and 1ast,tn any late charges due undea the Note. . � �
<br /> .i: � 4.Charges;Liens. Borrower shall pay all taaes,assessments,charges. fines and impositions awibatable to the Property • .; •
<br /> which may attain priority over this Sccurity Inswmcnt,and leasehold paymen[s or ground rents,if any.Borrower shall pay these � . • .-
<br /> "'� obligations in the manncr provided in pardgraph 2,or J not paid i�that manner.Borrower shall pay them an time directly to the -� .: � • -
<br /> . , � person owed paymen� Borrower shall prompdy fumish w Leader all notices of amounts w be paid under this paragraph.1f .
<br /> � , � ' Borrowcr makes these payments d'uecUy,Borrowcr shall promptty fumish w l.endcr reccipis evidcncing thc paymcnts. _ '� �
<br /> `;;: Boaower shall promptly discharge any lien which has prioriry over this Security Instrument nnless Borrower:(a)a�e�s in '. •_.
<br /> "' writin to ihe a ment of ihe obli adon setured b the lien in a manner
<br /> , g p y g y acceptable W Lender,(b)contests in good faith the lien . .
<br /> � by, or defends against enforcemcnt of the lien in. Iegal praceedings which in the Lender's opinion operate to prcvent the � �
<br /> •;,: ' enforcement of ihe lien;or(c)secures from the holder of the lien an agreement satisfactory w Lender subordinating the lien to ' ,'
<br /> this Security InstnunenL If Lender detcrmines that any part of the property is subject to a lien which may attain priority over this � . .
<br /> � Security Inswmcn�Lender may give Borrower a notice identifying the licn.Borrowcr shall satisfy the lien or take one or more �
<br /> of the acdons set forlh above within 10 days of the giving of notice. � � . �
<br /> - � Form 3028 9l90 � � ' �
<br /> . � � ' �-8A(NE)tsz�z�.o, va9aaoie i�ma�s: . .
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