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� ., . ,,... . . - ' . � ` � - .�Y ,t �` . . -. ., . _. =.e{' . . , . . . � . . .._. .t � . c ..� 07�� V�� w 4. . .{r`. 'POGETF�R WITH all the;mprovemenu now or hereafter erected on the property,and atl easements,appartenances,and t �. � , . . � i �;.�� fixdaes now or dereafter a part of the pmperty.All replacements and additions shall also be covered by this Security Ins�nuuent ; "`'� � Atl of the foregoing is referr�ed to in this Security Instrument as the"ProPertY." � ` r ;-. '. BORItOWER COVENAIVTS that Bo�rower is lawfully seised of the estate hereby conveyed and has the right to grant and . , — convey the Property and that the Property is unencumbered,except for encumbrances of record. Bormwer uranants and will _ . • . -�'� " defend generally the atle to the Pcopeaty against all claims and demands,subject w any encumbrances of record. �, . - _. THIS SECURITY INSTRUNiENT combines uniform covenar►ts for national use and non-uniform covenants with limited � - ' .g variaiions by jurisdiction tn constimte a uniform security insuumer:t covering real propP.rty. • . .. . � * ' UNff�'ORM COVENAN'IS.Borrower and Lender covenant and agree as follows ' . . 1.Payment of PrQ►cipal and Interesh Pe�epayment and Late C6azges. Borrower shall prompdy pay wdea due the . � principal of and interest on the debt evideaced by the Note and aay prepayment and late charges due under the Note. i • — � . . : , 2.Faads for Taxes and Insurance. Subject w applicable law or ta a wriuen waiver by Lender, Borrower shall pay to � = Lender on the day monthly payments are due under the Note,until the l�iote is paid in full,a sum("Funds'�for.(a)yearly taxes ' � '� •'; and assessments w6ich may auain prioriry over this Seairity lnstrument as a lien on the Property;(b)yearly leasehold payments � - . ' , . � . .j or ground rents on t}►e Property,if anY;(�)Y��Y��P�PertY ins�ance Premiums;(d)Yr�arly flood insurance premiums,if ! • _ anY:fe)Y e a r ly mortgage insurance preaniwns.i f any;an d(�anY sums PaY a b te by Borrower to Lender,in accordance with the j 4 L, � ':i�., provisions of paragraph 8, in fieu of the paymeni of mortgage insurance premiums. These items are called "Fsavw Items." ; . ' .� Lendea may,at any time,collect and hold Fnnds in an amou�t not to eaceed the maximum amouuu a lender for a fedezally relaied � � . ;�,.„� mongage loan may require for Borrower's escrow account under the federal Real Fstate Sealement Procedures Acc of 1974 as ° � • `. ,•"�� amended from time to time,12 U.S.C.Secdon 26Q1 et seq. ("RESPA"),iuiless another law that appHes to the Fimds sets a lesser � ',. � ,,. :�;: amount If so,Lender may,at any time,callect and 6old Funds in an amnunt not tn exceed the le�amount Lendea mssy . ! �,,�=�•` estimate the amount of Funds due on the basis of current data and reasonable e.ttimates of expenditures of future Escrow Items or �, . � •• '�'� . p;�,...'j'�=�`= othe�wise in accordance with applicable law. ` . 'Ihe Funds shall be held in an insriwUOn whose deposits are insured by a federal agency,insmimentality,or entity(inciuding . ��:; ��j�;� , Lender,if Lender ss such an institution)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the Escrow "" ra ' Items.Lender may noi chazge Borrower for holding and applying the Funds,annually analyzing the escrow account,or verifying � ' '..',�:!., ��: � ' the Escrow Items,unless Lender pays Borrower interest on tl�e Funds and applicable law pemiits Lender to make such a charge. . .� � ., H�wever,Lender may require Bomower to pay a one-time charge for an independent real estate tax reporting service used by • � � Lender in connecdon arith this loan, unless licable law mvides othera+ise.Unless a��a eement is made or � �` �' ` � aPP P PT aPPlicable law , ,.r.—,� requires intcrest to be paid,Lender shall not be required w pay Borrower any interest or eamings an the Funds.Bo:mwer and � ,..,�:.,j` . I.e n d e r m a y a g r ce i n w ri t i n g,h o w e v e r,t h a i i n t e r e s t s h a l l b e p a i d o n t h e F a n d s.L e n d e r s h a ll g i v e w B o r r o w e r.w i t h o u t c h az g e,a n � �,� +�; � . annual accouating of the Funds,showing credits and debits to the Funds and the purpose for which each debit ro the Funds was • '. � made.The Funds are pledged as additional sec�uity for all sums secured by this Security Inswment : `�, .` If We Funds heW b L.Q►�der exceed the amounts iaed w be held b � �y� '' , y pemi y applicab]e law,I.ender shall account to Borrower for '�s� the excess Funds in ar,cordance with the requirements of applicable law.If the amount of the Funds heid by Lender at any 6me is - - � � =f=� � noi sufficient to pay the Escrow ItEms when due,Lender may so notify Bocrower in wriUmg,and,in such case Borrower shall pay ,, �'� ' to I.ender the amount neces.sary to make np the deficiency. Borrower shall make up the deficiency in no more than tweJve � '- �!� - � monttily payments.at Lender's sole discreuon. • ��'- :�'``.': •� Upon payment in fuU o�'all sums secured by this Security Insnument,Lend�shall pmmptly refnnd to Borrower any Funds � : �� keld by I.eader.If.under pazagraph 21.Lender shall acquire or sell the Property,Lender,prior to the zcquisition or sale of the ��z�_�: Prnperty.shall apply any Funds held by Lender at the time of acquisition or sate ac a credit against ihe sums secured by this •� � .. ' Security Insuumen� . `��"�.� 3.Application of Payments. Unless applicabte!aw provides orheravise,all payments received by Lender under paragraphs . -- 1 and 2 s6all be applied: first,to any prepayment charges due under ihe Not�second,to amounts payable under paiagraph 2; � �'�� � � third,w intecest due:fQUNi.to principal due:and last,to any late charges due under the Noie. � �-'.'-"`"-' -_— 4.C6arges;Liens. Boaower sh�ll pay all taxes,assessments,chatges, flnes and impositions attributabls to the Prope�ty � �� i . which may auain prioriry over this Securiry Instrumeat,and leasehold payments or ground rents,if any.Borrower shall pay these • . •,.`-: obligations in d�e manner provided in paragraph 2,or if noi paid in 1Siat manner,Boirower shall pay them on time directly tn the - �-i., � : person owed payment Boaower shall prompUy fumish to Lender all no6ces of amounts to be paid under this pazagraph. If �, � : . � �� . - - Borrowa makes these paymenis direcQy,Borrower shall promp8y furnish to Lender reccipts evidencing the paymenu. f • ' — Borrower shall promptly discharge any licn which has priority over this Sacurity Instrument unless Borrower.(a)agrees in � -- wridng w the payment of the obligadon secured by the lien in a manner acceptable to Lender;(b)contests in goud faith the lien ' . � � by, or defends against enforcement of the Gen in. legal proccedings which in the Lend�'s opinion operate to prevent the � •. f� enfo�ement of the lien;or(c)secures from the hotder of the lien an agreement satisfactory to Lender subordinating the lien to , . • � this Security InstrumenG If Lender deteimines that any part of the Property is subject to a lien which may attain priority over this . . � Security Inswment,Lender may give Borrower a notice identifying the lien.Borrower shaq satisfy the lien or take one or more � —` of the acdons set for►h above within 10 days of the giving of notice. . � — Form 3028 9180 � 0 8R(NE)coz�zi.o� Pa e2o+e � .. — � �' 9 ' � �omais. 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