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<br /> � TOGETHER W(TH all the impro�•ements noev or hereafter erected on the praperty.and al!�t�emem..appartenan.�.and _ _ ` . '�__
<br />" Fxtures now ur hereafter a pan of the property. All replacements and additian+ +hall :�lu� hr �uvcred b} thi� Securit}• ',` ' . �-
<br /> Instrumcnt. All of the toregoing is referred w in thu Scxurity Irotrument a�thc"Prnperty.° � �- _ _
<br /> BORROWER COVENANTS that Burro�ver i�lawfully�ei.ed of thc c�tate hcreby ci�nvc}•cJ and ha+thc nght tv gran[:u�d , , �` �`�, �,
<br /> ` ' cum•ey the Property :uid that the Property iti unenrumbered. cxcept tizr enrumbrances of nxorJ. &�rruw�er warrant. and will . . _
<br /> , defend generaliy tl�e title to the prupeety against al�claim�and dem:u�d+.+uh�rct tu any enrumbrancr���f rerord. ,.
<br /> THIS SECURITY INSTRU1�tENT�ombines uniforn�covenant+ ti�r national usc and non-uniti�mi roven;�nts w�ith limited
<br /> - variations by juri,Siction tu cunstitute a uniform yecuriry ia,wment ruvering rr.il property. : ,' : .
<br /> �' UNIFORM COVENANTS. Borrouer and I.ender a:venant and.+gr�as folluws: ___ .______T_ _,___._
<br /> I, Payttient of Principal and Interest; Prepaymant tutd Late Charges. Bormwer shali prnmptly pay w•hen due [he , :
<br />" principal of and interest on the deb[evidenced by the Note and any prepayment:�nd late charge�Jue under the Note. _ : , ��
<br /> ��..���
<br /> 2. Funds Yor Taxes and Insurance. Subje�.-t tu :spplicable �aw or to a written waiver by Lxnder. Bnrrower shall pay to _�.:� _w_ ,A
<br /> �� Lender on the day monthly paymenG+are due under[he Note,until the Note is paid in full,a sum("Funds">for:(a1 yearly taxes __ :4�;�,� .
<br /> and assessmenu which may attain priurity over this Se:.urity tnstrun:cnc:u a lien on elie Pre�erty: rb�yearly leasehold payments , ��:' � �=;�"�_�._,Y_,•_� �
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<br /> - or ground rents on the Properry. if any:lc)yearlY ha�a�d or propercy insurance premiums:(d1 ye:irly flood insurance premiums. �' . ;':_,�
<br />' if an y: (e) yearly mortgage insurance premiums. if any:and(fl any sums payable by Borrower to Lender, in accordance with � __
<br /> the provisions of paragraph 8. in lieu of the payment of mongage insurance preauuen4.These items are c a l l e d"E s c r ow Items." _"'`�-••� y" .
<br /> Lender may. at any time, co l lect an d ho t d Fun ds i n an a m o u n t n o t t o e x c e e d the maximum amount a lender for a federally _ '-'-_• ••_z`
<br /> related mortgage loan may require for Borrower's escraw account under the federal Real Fstate Settlement Procedures Act of _ �n,,.,,
<br /> 1974 as amended from time to time. 12 U.S.C. Section 26fl1 et seq. ("RESPA"),unless another law that applies to the Funds �_ .� _
<br /> - sets a lesser amount. lf so. L.ender may. at ar►Y time. collect and hold Funds in an amount not to exceed the lesser amount. -.�,,,_�`- __
<br /> .,. ' i,`f._'__ °
<br /> _,.; L.ender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future .. �•--
<br /> :s v':� Escrow Items o;otherwise in accordance with applicable law. - ---'""�'Q'�'__�'91S°'�
<br /> The Fun3s shall be held in an insutuuon whose deposics an inswed by a federal agency, instrumentality. or enury -���
<br /> " (including ixnder.if Lender is such an institution)or in any Federal I-lome Loan Bank.Lender shall apply the Funds to pay the ,�,._
<br /> Fscrow Items. �Lendes ma}�not charge Borrower for holding and applying the Funds,annually analyzing the escrow account,or _ 'ri';-�-, '• �
<br /> veri in the Escrow Items.unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such �,����:�',,•_ .
<br /> �:� fY �
<br /> - a charge. However. Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting serv�ce , -
<br /> • ,; used by Lender in connection with this loan, unless applicable law pmvides otherwise. Unless an agreement is made or .,�.;� • �`. '.
<br /> applicable law requires interest to be paid, Lender shal!not be required to pay Borrow•er any interest or earnings on the Funds.
<br /> � '
<br /> Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. L.ender shall give to Barrower. _ ��;.
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each T";�ti: .�;,�
<br /> debit to the Funds was made.The Funds are pledged as additional securiry for all sums secured by this Security Instrument. '
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<br /> If the Funds held by I.ender exceed the amounts permitted to be held by applicable law.I.ender shall account to Borrower r ;;��,. _T__
<br /> for the excess Funds in accordance with the requirements oF applicable law. If the amount of the Funds held by Lender at any vs:;j <• �` _
<br /> time is not sufftcient to pay the Escrow itcrns when due.Lender may<o notify Borrower in�vriting.and.in such case Boaower _ _ , '3t
<br /> - - shall pay to Lender the amount necessary to make up the deficiency. Burrower shall make up the def►ciency in no more than t'�+�_,
<br /> � twelve rnonthly payments.at Lender's sole discretion. ''�� � �,'
<br /> Upon payment in full of all sums secured by this Security Instrument, Lcnder shall promptly refund to Sorrower any J_.��?!�"�:_
<br /> " Funds hetd by Lender.lf,under paragraph 21.Lender shall acquire or sell the Property. Lender.prior t�the acquisition or sale , _ _ ^
<br /> of the Prapeny, shall apply any Funds held by Lcnder at the time of acquisitian or sale as a credit against the sums secured by � � _ __
<br /> � � this Security Instrument. ��— �°
<br /> � 3.Applicatton of Payments.Unless applicable law provides otherwise,all payments received by Lender under paragraphs i �"'�_�
<br /> 1 and 2 shall be applied: first. to any prcpayment charges due under the Note: second, to amounu payable under paragraph 2: ��, �;.
<br /> . third,to interest due:fourth,to principal due:and last,to any late charges due under the Note. _ ���:,•. $.
<br /> . 4.Charges;Liens.Borrower shall pay all taxes.assessments, charges, fines and impositions anributable to the Property •;x•r>-•.�__
<br /> which may attain priority over this Security instrument, and leasehold payments ar ground renu, if any. Borrower shall pay '�•�'F:
<br /> , these obligations in the manner provided in para„°raph 2,or if not paid in that manner.Borrower shap pay them on time directly =__ - __
<br /> � to the person owed payment. Borrower shall promptly furnish to Lender all natices of amounu to be paid under this paragraph. -..-------
<br /> • If Borrower makes these pay-ments directly.Borrower shall promptiy fumish to Lender receipts evidencing the payments. '"'•�.""�!��`�
<br /> � Bonower shall prorr�,ptly discharge any lien wh�ch has prioriry over this Security]nstrument unless Borrower:(a)agrees in , , _ �-•�.
<br /> � writing to the payment of the obligation secured by the tien in a manner acceptable to Lender:(b)cantests in gaod faith 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 af the lien:or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to _
<br />: � this Securiry Instniment. If Lender determines that any part of the Property is subject to a lien which may attain prioriry over �_ � �i.j,i
<br /> . ;�,__
<br /> � this Security lnstrnment. Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or :��i.;�_.. �
<br /> • � more of the actions set forth above within 10 days vf the giving of notice. ��,, •
<br /> � Form 3028 9190 =--�<�:'�"–--
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