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<br /> I T�[�I:THER WITH aU the improvements now on c�rcae�i Pn��menta end addPtions shall also be covererl . ' . `;n�;
<br /> . , appuctenanees, nnd fixtures now or hereafter a piu�o. t�;, pra�:.cty ! , ". -... ,
<br /> , by this Security Inntrument. All of the foregoing�s referred to in this Security Insttument as the"Property•" '
<br /> • 1 Baenowun Covn�tl�at�the Pro erty is u encnmUe ed,eaccpt fortenceumbranceseofrer.ord. Bano er�wargrants and ,.fi'•; .
<br /> convey Aic Propr,i�y s�� P . '�° „'," ,' .
<br /> w�ll defend genernlly die title to thc Property agninst all duims and demands,subject ro any cncumbrances of record• '.`.:,f:�.� ;
<br /> Teis Secunirv INSraun�ENT combines uniform covenunts for nadonal use and non-uniform covenants with liadted ,'.__;��,_
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<br /> variations by jurisdlction to conatituto a uniform security instrument covering real propercy• , }��,�i_____
<br /> Ur+�wxM CoveNnnrs.Borrower and Lcnder covenant and agree s�s follows: �e�hen due •. �-:L=_=��-=--r^---=
<br /> , � 1.Pnymeut of Fr[ncipa!and Intcrest; PrepAyanent and Late Charges. Horrower shaU promptly pay �;_ .W,�
<br /> the principal of and interest on the debt evidenced by tt�.Note and any prepayment and late charges due under the Note. "�___--
<br /> := 1R.'
<br /> $.I�unda foc Tuxes and Insurance.5ubject to applicable law or to a wrttten waiver by Lender,
<br /> Borrower shall pay it,, .
<br /> • to L.ender on tho day montlily payments are due under the Note, until the Note ia paid In fi►Il, a sum("Funds") for: (a) -.;;��:�_
<br /> ` , ;z�:ly t�,r-: <<���---g'n-nte which may attain priori¢y over this Security Inatrument as a lien on the Property: (b)Yearly , _
<br /> , -..�'.:: r.wo P
<br /> leasehold payments or Bround rents on the Praperty, it any;(c)ye�rly hazard or property insurance premiums; (d)Y�1Y r;._ -
<br /> flood insuranc�s premiums. if any; (e)yearly mortgage msurance preuuums,If any; and(�any sums�ayable by aorrower ` �
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<br /> to l..ender, in accordance wtch the provis ions o f parag�ra p h 8. in lieu of the payment oa mortgage insurance Premiar°S•
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<br /> These items aro called "Escrow ltems." Lender may. at any time, collect and hold Funds in an amount not to eaceed the `;•.��,� _
<br /> - '�,;r, ma�cimum amount a lender for a federally related mortgage loan may require for Borrower's escrow acco�inc under the � ',,�_
<br /> '�+;���,�'�'� federal Real Estate Settlement Procedures Act of 1974 as amended from time ta time, 12 U.S.C. § 2601 et s�eq. .,' �,�,_,___�-
<br /> '"�'� ("RESPA"). un less aaio t h e r l a w t h a t a p p l i e s t o t h e F u n d s s e t s A lesser amount. If so.IJender may,at any time,collect and }. ;..�o—_
<br /> ' „�;(;,�:���,"': .,.,J;� �r1��':,
<br /> . ,, ,, ' 6old Funds in an�rr►ount not to exceed the lesser amount. Lender may estimate the amoi�nt of Fun ds due on t he b a s i s o f
<br /> - � current data and ceasanable estimates of expeaditures of future Escraw ltems or otherwise in accardance with applicable �,w,�_�_
<br /> . ` - ,�,,.
<br /> ,:;�;s'�i��'. .' ; law. , , .
<br /> ;r;?r' ' The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumEntality, or entlty
<br /> � including L.ender, if Lender is such an institution)or in any Federal Home Loan Bf►nk• Lender shall apply the Funds to �'�; ��
<br /> :.:'��`.;;,y;�,;.. ;.�, � ('n y y
<br /> : pay the Escrow Itesns�if�'�neethe Escrow It mgs, �°�essWl.enc'lzr paysnBon weppinteresthon th Fuitds and applicy.abls 1�v ,>� '�r
<br /> -- zs�rat� �ttnt. -- • Y oP for an �:,;'
<br /> � t �ennits Ixuder to Tnake such a charge. However., Lendxr muy require $arruwee i� i��ess applicublelaw provides �;;;�•
<br /> � ��` ' mdependeni real estate tax reparting service u�by l.ender in connection with this loan,
<br /> othenvise. iluless an agreement is made or applicab'.1�law requires interest to be�aid. Lendehr shall not�ai reqreutidho�P�
<br /> .,;�;;'i:;� , Bonoover any interest or eamings on the Funds.Borrower and Lender may agree►n writing, owever, � ,,-��
<br />�.�r :• aId on We Funds•1-�ndes shall give to Bonower,without charge.an aru�ua1 accounting of the Funds,showing credits and ; _'
<br />' "'``�" debits to the Funde z�nd the purpose for w6ich eash debit ro the Funds was made. The Funds are pledged as additional +..
<br /> � � � '' ' security for all sums secured by this 5ecurity Instrument. -
<br /> �� If the Funda held by Lender exceed the antounts pe►mitted to lse held by ap�licable law,
<br /> Lender shall account w
<br /> B oao w e r f o r t h e e xcess Funds in accordance with the requ�rements of applicable law. If the azaount of the Funds held by
<br /> � Lender at any time is not sufficient to pay the Cscrow ltems when due. Leader may so notify B orrow e r i n w r i t i n 8.an d� in .
<br /> ' sucU case Borrower shall pay to Lender the amount necessary to make up the defieiency. Borrower shall make up the
<br /> deficiency in no more than twelve monthly paycnents.at Lender's sole discretion. ,�
<br /> Upon payment In fUll af all sums secured bY this Security Instruraent,Lender shall proeiptly retUnd to �orrower d+
<br /> �,�� � � any Funds h�ld by Lender. If, under paragraph 21, I.ender shell acquire or sell the Property,. L.ender. prior to the
<br />` :,��::��t'.v', ;.. acquisuion or sale of the Property, shall upply any Funds held by L,�ndor at tho time of a�quisition or sale as a credit _
<br />- .-':�r�:�...��.� : agau�srthe sw�as secured by this Security Insmiment. [�—
<br /> �..i.;:;,:;,:;;.,;" � pp p all payments received by Lender under
<br /> .y, , t , 3. A`�plication o!Pnymeitts. Unless a 1icable law rovides otherwise. �;-_
<br /> ' r;� , pazag«phs 1 nnd 2 sheil be applied: first, to any pnpayment charges due under the Note; second. to amounts payable �,
<br /> ' . ;°�. under paragrapu 2:third.to interest due;fourth,to principal due;and last,to any late charges�under We Note. `_,
<br /> ;, � , a. C�Arges; Q,{�ns• Borrower shull pay all taxes,asssssmeuts. charges. fines and im sidous atuibutable to the �,-_-
<br /> ��� Property which �nay attain pdority over this Securiry Instrument, and leasehold payments ur grouad��We� ha�ll =_
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<br /> �' �:!;•,� � B o n ower shtill pu y these obli�utions m the manner provided ia paragraph 2,or if not�a�d in that nianner. _�.
<br />_,,�"�:,�,�;:�;�'is �:� y to t he person ow e d a e n t. B o r ro w e r s h a l l p ro m p t l y fl�rn�s h t o L e n d e r a l l notices of amounts _
<br />��. . ,,,,; , � pay tixem on ttme directl P Nm �,:
<br /> to be paid under ahis paragraPh. If Borrower makes these paymenta directly,Bortower shall pmmptlY fumish to Lender
<br /> - reoeipts evidencing 2he payments. �-�
<br /> ~ ��' � Borro�ver s�all prompdy discharge a�►Y lien which has priority over this Security Instrument unless Borrower: (a) _ --
<br /> '' , agrees in writin�to ttie payment of the obligation secured by the lien in a manner accep Whl ch �n the L'ender�'snop ni n --..,—.�-__..
<br /> ;�� . good faith We 1►en by, or clefends against enforcemcnt of ttie lien in, legal procee�ling, _ ;r:r���
<br /> operate to prevent the enforcement of the lien; or (c) secums from the holder of the l�en an agreement satisfactory to , ,,,•���._
<br /> t`��' ,�"
<br /> ' Lender subordinating ehe lien ro this Security Instrument.If Lender detecmines that any part of the Propert is subject to a s `t ;,, .°�'—"`
<br /> . , lien which may atcam prioriry �ver thia Securiry of tUc act otns set forth a'bove wi h�n l0edays of the g vnng of nothce lien. _
<br /> Bocrower shall snti3fy thc lien or take one or more ' .. .- '
<br /> S,Hazu�vf or Property Insarancc• Borcower shall keep the improvements now exisung or hereafter erected on the � ;��,�a.,, ,�.s,t::
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<br /> � � pru;�erty insumd against loss by fire, huzarcls included with►n the term 'extended coverage" and any other hazards. ;:,�..��,:.�._�,��••
<br /> Form 30 8 fPaBe o/ 1 ;;�,: . ..
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