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<br /> . TOGE1'H&R WITH all the improvements no�v or hereafter erected on the pmpen}.:tnd��+A�cn��•aPPurt�n:�n�e'. and , . ; -� :
<br /> � fixtures now or herc;aftrr a part ��f the propercy. All replacements and addltiun. +h:►ll ahu he ru�rr��i b} thi. S�tiurin � -�
<br /> � [mtrument. All uf the foregoing i+referreJ to in thi+Serurity imtrument:i.+the"Pmperty�.' , • ,
<br /> BORROWER COVENANTS th:st Bortoaer iti lawfully�c�,cxl uf the c�+tate hercby�umcyed anS ha�[hr nght tu gr:vu anJ ` . .
<br /> ' convey the Property and that the Property i. unencumbered. rxrept for encumbrancc�uf rre:orl. Buttu«�cr warr.ent� anJ will . __
<br /> defend generally the title to the Propeny again+t all rl;►im+and denu�nJ,.�ubjert tu any cncumbr.uire.of rea�rJ. ,
<br /> " � THIS SECURITY INSTRUMENT combine+unifomi c�rvenantti fur nauunsl utic anJ nun-uniti�rm�u�•enant+with limitul
<br /> variatioru by jurisdiction to wn�titute a uniform�ecurit}�in+trument«��cring rcal pruperty. -- - --•-. -
<br /> j UNIFORM COVENANTS. Borrower arsd Lender�ovenant and agree as fnllow+: . -
<br /> ` 1. Payment of Principal and Interest; Prepayment and Late Char'ges. Borrower ,hall promptiy pa�• ���hen Jue the ,�
<br /> • principal of and interest on the debt evidenced by the Note and any prepayment and late charge�due unJer the Nute.
<br /> 2, Funds for Taxes and Insurance. Subject to applicable law or to a written a�aiver by Lender. Borrower shall pay to _. ..
<br /> ` L.ender on the day monthly payments are due under the Note,until the Note is paid in full,a sum 1"Fund�")for. la)yearly taxes . ., ,,;`. •
<br /> and assessments which may attain priority over thiti Security Instrument as a lien on the Property:(b)y�ear�y leasehvld payments .����
<br /> � or ground rents on the Property.if any:(c)yearlY hazard or property insurance premiums;(d)yearly flood insurance premiums. '��� ,. --Y
<br /> � , if any: (e)yrarly mortgage insurance premiums, if any:and(�any sums payable by Bonower to L.ender, in accordarice with � "`.•.'•������'�
<br /> �,�;�;�:,..
<br /> � . the provisions of par'agraph 8. in lieu of the payment of martgage insurance premiums.These items are called "Escruw Iterns.' ,; � ,,.
<br /> L.ender may, at any [ime. coUect and hold Funds in an amount not to exceed the maxi:r�um amount a lertder for a federally � �;'��_��""
<br /> � related mortgage ioan may require for Borrower's escrow account under the federal Real Estate Settlement Procedares Act ef 5;,,.,�.,,,,,,,,._
<br /> ' - 1974 as amended from time to time. 1Z U.S.C. Section 2601 et seq. ("RESPA"),unless another law that applies to the Funds ���.
<br /> � sets a lesser amount. If sa, Lender may. at any time, collect and hold Funds in an amount nai to exceed the lesser amount. _l ..:=��._. __—
<br /> :. Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future ��; _�._
<br /> Escrow Items ar othenvise in accordance with applicable law. ".— _
<br /> � The Funds shall be held in an institution whose deposits are insured by a federal agency. instruaeentality, or entity `_4" . -_ f.�
<br /> (including Lender,if L.ender is such an institution)or in any Federal Home Loan Bank.L.ender shall apply the Funds to pay the ,
<br /> Escrow Items. Lender may not charge Borrower for holding and applying the Funds.annually analyzing the escrow account,or ., 'I {: �
<br /> - verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applirable law permits Lender to make such . � ;..
<br /> � , a charge. However, l.ender may require Borrower to pay a one-time charge for an independent real estate tax reporting service • • � �:"`- �
<br /> � � used by Lender in connection with this loan. unless applicable law provides otherwise. Unless an agreement is made or • , . '
<br /> applicable law requires interest to be paid. Lcnder shall not be required to pay Borrower any interest or eamings on the fiunds. '".',� '�i _ �"�;, .:' ,
<br /> . . Bortower and Lender may agree in writing, however. [hat interest shaU be paid on ihe Funds. Lender shall give ta Borrower. . _ _
<br /> . � � � ;; .�_
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each : _
<br /> � debit to the Funds was made.The Funds are pledged as additional security for aU sums secured by this Security Instrument. ',a`•` ^,�F `"
<br /> ' If the Funds heid by Lender exc e e d t he amounGS permitted to be held by applicable law. Lender shall account to Borrower , ,�� .
<br /> for the excess Funds in accordance with the requirements of applicable law. If the atnount of the Funds he[d by Lender at any
<br /> . � time is noi sufficient to pay the Escrow Items when due. L en der may so no ti fy Bo r r o w e r i n w r i t i n g,a n d,i n s u c h c a s e B o r r o w e r �:
<br /> shall pay to Lender the amount necessary to mzke up the deticiency. Borrower shall make up the deficiency in no more than �� ��-�� ,.
<br /> �- ,:,.
<br /> � twelve monthly payments,at[.en der's so le disc r e t i o n. °�'�"�.�
<br /> Upon payment in full of all sums secured by this Securiry Instrument. Lender shall promptly refund to Borrower any :� � �_�
<br /> Funds held by Lender.if,under paragraph 2�. 1-ender shall acquire or sell the Property.L.ender,prior to the acquisition or sale _,;�,:, � , .
<br /> �� 1 an Funds held b Lender at the time of acquisition or sale as a credit against the sums secured by _ � '
<br /> , o f t h c P r o p e r ry,s h a l l a p p y y Y �-- -
<br /> thisSecuriry Instroment. �-•--_-
<br /> 3.Application ot Payrttents.Unless applicable Iaw provides otherwise,all payments received by Lender under paragraphs ��,,,r_�,�. .
<br /> ' � 1 and 2 sBall be applied: first, to any prepayment charges due under the Note: second, to amounts 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;I-[ens. Bottower shall pay all taxes,assessmentt, charges. fines and impositions attributable to the Property ��,,,�„�_,,�
<br /> . ' which may attain priority over this Security Tnstrument, and leasehotd payments or ground rents, if any. Borrower shall pay --�;��,:_-z_.
<br /> thae obligations in the manner provided in paragraph 2. or if not paid in that manner.Borrower shall pay them on time direttly � ` --•`.:
<br /> , to the person owed payment. Borrower shall promptly furnish to l.ender all notices of amounts to be paid under this paragraph. ���:7.-.." •. .,�:_.
<br /> � If Borrawer makes these payments directly.Borrower shall promptly fiirnish to Lender receipts evidencing the payments. , :�: _
<br />• � , Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)agrees in .. ��-.•
<br /> w�ting to the payment of[he obligatian secured by the lien in a manner acceptable to Lender.(b)contests in good faith the lien ,- ;��;u��.:� i
<br /> by, or defends agains[ enforcement of the lien in, legal prflceedings which in the L.ender's opinion operate to prevent the ^ ._� ;.
<br /> enforcement of the lien: or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to ,.
<br /> • this Security Instrument. If l.ender determines chat any part of the Property is subject to a lien which may attain priority over ,_ _;�: .
<br /> ' this Securily Instrument. Lender may give Borrowcr a notice identifying the lien. Borrower shall satisfy the lien or take one or •.�...; . .
<br /> more of the actions set forth above within 10 days of the giving of notice. •.' �',• ''; �
<br /> Form 3028 9190 � ' .
<br /> Page 2 0�6 - - . • �
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