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<br /> T'OGETHER WITH all the impro�ements now or hereafter erected on the pmperty.and al!eayements,appurtenances,and , ,. . ; .�:
<br /> fixture� now ur hereafter a pan uf the prvperty. Ali replacements and additions shall also be covered by this Security _"`=
<br />� Instrument. Afl uf t8e tiimgoing i.referred w in this Security Instrument as the"Pro�rty•" �• • _$'
<br /> BORROWER COVF.NANTS tt�at Born�wer iti lawfully seised of the estate hereby conveyed and has the right to gras►t and
<br /> iconvey the PropeRy and that the Property i� unencumbered. except for encumbrances of record. Sorrower warrants and will . � �. �
<br /> t d e f e n d g e n e r a l l y t h e t i t t e tc�thr Pro pen y a gainst all claim�and demands.subject to any encumbranees of record• `
<br />� THIS SECURITY iNSTRUMENT c��mbines uniform covenant5 for national use and non-uni form covena n ts w i t h l i m i t e d .
<br /> variation.by jurisdiction to contititutc a unif��rm+ecurity irutrument covering real property.
<br />� UNIFORM COVENANTS.8urrower:uid Lender covenant and agree a�fullows: < , ""
<br /> �, pa3•nten; o( prentipa! and Interest; Prepayment and I.ate Charges. Borrow•er shall promptly pay when due the � fr
<br />� principal of and interest un the debt evidenced by the Note and any prepayment and late charges due under the Note. ` .
<br />� 2. Funds for Taxes ttnd Insurance. Subje.t to applicable!aw or to a written waiver by Lender. Borrower shall pay to , , , ,
<br /> �n
<br /> Lender on the day monthly paymenu are due under the IVote,until the Note is paid in full,a sum("Funds")for: (a)yearly taxes , _; `..,
<br />� and assessments which may attain priority over this Security Instrument as a lien on[he Property:(b)yearly leasehald payments . �:�_+ `: .,. f
<br /> j or ground rents on the Property.if any: (cl yearly hazard or property insurance premiums:(d)yearly flood insurance premituns. � � " ,:'
<br /> ;. .�.�.' _-�-�_�--�.,
<br /> � if any: le) yearly mortgage insurance'premiums, if any: and(�any sunu payable by Borrower to Lender, in accordance with �—�
<br /> the provisioas of paragraph 8. in leeu of the payment of mortgage insurance premiums.These items are called"Escrow Items-" � ' ,�,cµ _�#��
<br /> � Lender may. at any time,collect anJ hald Funds in an amuunt not to exceed the maximum amount a lender for a federally .- .� �-•�ti =�
<br /> � related mortgage loan may require for Bnrtower's e�crow account under the federal Real Estate Settlement Procedures Act of - -
<br /> � 1974 as amended from time to time. 12 U.S.C. Section 2601 et seq. ("RESPA"). unless another law that applies to the Funds ,�,a�Y•,
<br />� sets a lesser amount. lf so. Lender may, at any time, collect and hotd Funds in an amount not to excced the lesser amount. ._
<br /> • Lender may escimate the amount of FunJs due on the basis of current data and reasonable estimates of expenditures of future �`i
<br /> Escrow Items or otherwise in accordance with applicable law. �� .• _ .� �'
<br /> .� The Funds shall be held in an institutiun whose deposits are insured by a federal agency. instrumentality. or entity � _ --=_�-f-�-•��
<br /> ,s (including l.ender,if Lender is such an institution)or in any Federal Home Loan Bank. L.ender shall apply the Funds to pay the ��
<br /> '':�0.� '.
<br /> Escrow Items. Lender may not charge Bonower for holding and applying the Funds,annually analyzing the escrow account,or �
<br /> � verifying the Escrow Items,unless Lender pays Borrawer interest on che Funds and applicable law permits L.ender to make such �,"_���:: ..
<br /> ;r har e. Howcver. Lender may reyuire Borrower ta pay a one-time charge for an independent real estate tax reporting service r.,���;
<br /> ac g
<br /> used by Lender in connection with this loan. unless applicable law provides otherwise. Unless an agreement is made or • �,;g;t ;_
<br /> applirable law requir�interest to be paid. Lender shall not be requirecl to pay Borrower any inrerest or carnings on the Funds. � ":.+
<br /> Horrower and Lender may agree in writing, however,that interest shall be paid on the Funds. Lender shall give to Borrower. .� .+i :.__
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each -
<br /> ..'• .;.
<br /> debit to the Funds was made.The Fund,are ptedged a+additional security fbr all sums secured by this Securiry Instrument. :,{5�.:
<br /> .{,,� .•.
<br /> If the Funcls held by Lender exceed the amount,permitted to be held by applicable law, l.ender shall account to Borrower �`;_
<br /> for the excess Funds in accordance with the requiremenu of applicable law. If the amount of the Funds held by Lender at any •�;;;..:,
<br /> time is not sufticient to pay the Escruw Items when due.Lender may sa notify Borrower in wri[ing.and,in such case Borrower ., ,a` ,
<br /> shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than _ f;,
<br /> - twelce manthly payments,at Lender's sole discretion. _ �. �.•.�
<br /> Upon payment in full of all sums secured by this Securiry la,trument, Lender shall promptly refund to Borrower any ,. , ;�?kt.�.._.
<br /> . � �*'►,r� ,.,,
<br />• � Funds held by Lender. If,under paragraph 21. Lender shall acquire or sell the Property.Lender,prior to the acquisition or sale _ ti..�-
<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 . ,;j�"'�-""
<br /> this Security[nstrument. . - f �'.- ;:,.
<br /> 3.App�[cation of Payments.Unless 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: secand,to amounu a able under ara raph 2; ''r.�.
<br /> P Y P S .,��=a-•X�
<br /> third,to interest due;fourth,to principal due:and last,to any late charges due under the Note. �--��,:--�-_;;��-__
<br /> A; y��
<br /> 4.Charges;Liens.Borrower shall pay all taues,assessments,chatges. fines and impositions attributable to the Property , �.____
<br /> which may attain priority over this Securiry [nstrument, and leasehald paymenu or�round renu. if any. Borrower shall pay '� �
<br /> these obligations in the manner pravided in paragraph Z,or if not paid in that manner,Borrower shall pay them on time directly ��i,.
<br /> .����---': '
<br /> �__� to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph• . _ _
<br /> !f Borrower maices tnese payuicui�ui�wi;y,uvi+OS6K:.T�~���Y.•^:.^•r I�r��mi�h�n 1�odrr recei�ts evidencina the payments. F1°�� _�
<br /> • Borrower shall promptly discharge any lien which has priority over this Securiry Instrument unless Bonower: (a)agrees in �� %sr„ �,�._�,:.
<br /> C,'-.
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable[o Lender;(b)contests in good faith the iien +� � ���:
<br /> :,��-_- ,_-,-
<br /> by, or defends against enforcement of the lien in, legal praceedings which in the Lender's opinion operate to prevent the . .
<br /> enforcement of the lien;or(c)secures from the holder of Ihe lien an agreement sati�factory to Lender subordinating the lien to .. •t.. •
<br /> •'•-�•1:-•�:.�k�=::
<br /> this Security InstrumeRt. If Lender determines that any pan af the Propeny i.subject to a lien which may attain priority over ''����;_..��L;
<br /> .�,r�=_-_..
<br /> this Security Instrument.Lender may give Borrower a notice identifying thc lien. Bonower shall satisfy the lien or take one or _-- ___
<br /> �_,,...���-.- _
<br /> more of the actions set forth above within 10 days of the giving of nutice. ��>.�`� : ;::�;•y
<br /> Form 3028 9I90 =� •• • . •
<br /> . . L.�r.:t•.,
<br /> vo90�ul B =-�ii.•r.�w.:
<br /> �•'rs_.
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