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<br /> on the ro .and all case�c�.a,p�p�rt����x1 ; `,� �
<br /> : TOGETHER WITH all the improvecnents now ar heseafter erecced P P�Y ' ` •.
<br /> :.. �.�, .; �
<br />- fixtures now on c�reafter a part uf the prape�ty. All replacements and additinns shall also be cnvered by thi� Security ,-
<br /> � ' ` � ' Instnunent.Ap of the foregoing is cefeaed to in this Security Insuument as the'Property." ; : `' ��`
<br />- � � - .- - -:- BORROWER CaVENAN7'S that Borro�r is lawfaliy seised of the est�te hereby conveycd and has the right to grant and ; �., .�.:
<br /> � , � convey the P�aperty and that the Property is unencum6eted,except for encumbrances of record. Borruwer warrants and wili ' ���
<br /> _:..• a
<br /> . .,- ,-�"•� defend generaily the tide to the Property against aU claims and demands.subject to any encumbranc�of record.
<br /> `� THIS SECURI'TY INSTRUMENT combines uniform covenants fur national t�se and nan-uniform cxiven�tts with!im'ssed -
<br /> . . N.. ,. .
<br /> : � • variations by jurisdiction to constitute a uniform security insenunent covering real praperty ���•�
<br /> � , - UIvffORiVt COVENANTS.Borrower and Lender coveaant and agrce as fotlows: � ;`�,; .4�
<br /> _ ,, . �� 1. Payment of Prindpai and Intet+esh, Prepayment and Iste Chatges. Borrower shali prompdy pay when dae the � ,4 , ; :t�
<br /> '� -� � . principal of and interest on the debt evidencxd bg the Note and any prepayment and late charges due under the l�Jote. � . �
<br /> �� ,, . 2. Funds for'�ases and Iastarance. Subject to applicable Iaw or to a written waiver by Lender, Borrower shall pay to : , ;'�.
<br />�� < I.ender on the day monthly payraents are dae under the Note,unti!the Note is paid in full.a sum("Fiutds")for:(ay yearly taxes �•.;;:`_ . �� �s.,;_
<br /> . "� and assessments wluch may attain prioriry over this Se�rity Instrvment a,a lien on the Property:(b)yeasly leasehold payments : r �=�.
<br />' � or grouad reats on the Property.if any:(a�yearly hazard or pmperty insurnnce premiums:(d)Yearly flood insurance premiums. . �;,•.
<br /> . `,.,:` .� �:.,,_:._-_
<br /> • if any;(e)yearly mongage insurance premiums,if any;and(�a�+smns payable by Borrower to t.ender,in aa:ordance with � � _
<br /> . ..,.:., the provisions of paragraph 8. in lieu of the payment of mortgage insurance premiums. 7'hese items are ratled"Fsecow Items.' ' . • .
<br /> " , Lender may, at any time, collect and hotd Funds in an amount not to exceed the maaimum amaunt a lender for a federally
<br /> . related mortgage toan may require for Bonower s escrow account under the federal Real Fstate Setttement Procetlures Act of : . _ _-
<br /> � . � . 1974 as amended from time to ame. 12 U.S.C. Sedion 2601 et seq.("RESPA"). unless another law that applies to the Funds , _� :
<br />'.. �� �• � sets a lesser amount. If so, Lender may, at any cime. collect and hald Funds in an amount not to ezceed the lesser amount. �,.;� ;�*�:
<br />�1�� •• , Lender may estimate the amount of Funds due on the basis of current data and ceasona6le estimates of expenditus+es of future , •��
<br />- ' Escrow[tems or othenvise in accordance with applicable law. � . �.��
<br />' • �~ The Funds shail be held in an institution whose deposits are insured by a federal agency, insUVmentality, or enpty • '"�="�
<br /> , f' ,r.-,•.•:�...,
<br /> , � ���. (including I.ender,if Lender is sucfi an institution)or in any Federal Home Laan Bank. Lender shall apply the Funds to pay the �'' � `�� ���;
<br /> ._��s�,.
<br /> _, � • , Fscrow Items.Lender may not charge Borrower for holding and applying the Funds,annually analyang the esemw accoani,or • ,�-,-
<br /> . , verifywg the Escrow Items.unlesa Lender pays Borrower interest on the Funds and applicable law permiu Lender to make such , -� �
<br /> � a charge. Hawever. Lender may require Borrower to pay a one-dme chazge for an independent real estate tax reporting service "' -_-`�"=T=
<br /> ..'�:`,."';;�:
<br /> • used by Lender in connection with this loan, unless applicable taw provides othenvise. Ualess an agreement is made or ;�, f,�:h.�,�y`
<br /> • . • ' applicable law requires interest to be paid.Lender shall not be required to pay Horrower any imerest or eamings on the Funds. :��',•�__=_
<br /> • � Borrower and Lender may agree in writing,however,that interest shall be paid on the Funds. Lender shall give to aorcower. � : �.•,�__
<br /> . • ' without charge, an annual accounting of the Funds.shvwing crediu and debiu to the Funds and the purpose for which each � ,,..� ` ���
<br /> '�"� ' debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Security insvument. • . :;f.�`
<br /> • � � ' If the Funds held by Lender exceed the amounts permitted to be hetd by applicable law.Lender shall account to Borrower � ` •�
<br /> --� - --"�- '-= for the ezcess Funds in accordance with the requirements of appliqbte law. If the amount of the Funds held by Lender at any ._ . :;�_
<br /> ';:t, . ..
<br /> ,� ' time is not sufficient to pay the Fscrow Items when due.Lender may so notify 8orrower in writing,and,in such case Borrower . --
<br /> • •. �� � shal! pay to Lender the amount nec�sary to make up the deficiency. Borrower shall make up the deficiency in no more than . •• `:;�`'
<br /> . . ' twelve monthly payn�ents,at Lender's sole discretion. � `�'
<br /> � Upon payment in full of all sums secured by this Security instrument. I.ender shall prompt{y refund to Borrower any • � � ,�_
<br />�� � � • Funds held by I.ender.If,under paragraph 21. l.ender shall acquire or sell the Property.Lender,prior to the acquisition or sale . • _r.
<br /> • ,. ••t of the Property.shall apply any Funds held by l.ender at the timc of acquisition.or sale as a credit against the sums secured by , • -"�-
<br /> � ` � this Security lnsnument. � . .� �_¢_.
<br /> . �� • ' � 3.ApplicatIon of Payments. Unless applicabtc!aw provides otherwise.all paymenu received by Lender under paragraphs . :
<br /> ' - . � �.,r 1 and 2 shall be applied: first, to any prepayment chargcs due under the Nate:second, to amounts payable under paragraph 2; " �
<br /> . �:,� third,to interest due:fourih,to principal due:and last,to any late charges due under the Note. �
<br /> 4.Chasges;LIeas. Borcower shall pay all taxes,assessments, charges. fines and impositions attributable to the Properry ,
<br />_ � '� which may attain priority over this Security Instrument, and leasehold payments or ground rents. if any. Borrower shalt pay :
<br /> these abligations in the manner prnvided in paragraph 2,�r if not paid in that manner, Borrower shall pay them on time directly
<br /> •. � � . . :� ro thc person owed payment. Borrower shall prompUy fumish to Lender all notices of amounts to be paid under this paragraph. : .
<br /> If Borrower makes these payments directly,Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has pdority over this Security Instrument unless Borrawer:(a)agrees in
<br /> � � ',, writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lien ' .
<br /> , by, or defends ugain�t enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the .
<br /> � � enforcement of thc lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to ' •
<br /> � � this Security Instnmtent. If Lender deterniines that any part of the Prope�y is subject to a lien which may attain ptiority over • , • ' ,
<br /> this Security Imtrument. Lender may givc Bonower a notice identifying the lien. Borrower shall satisfy thc lien or takc one or • .
<br /> • � . ' more of thc actions set forlb above within 10 days of the giving of notice. •
<br /> • ' Form 3028 9190 ' � � �
<br />. - . - . Gago 7 01 6 . . .
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