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<br />= 4 `� :�"i 'I�ETHER WTfH all the improvaaeats now or he�eafter erecuu�on the property,and all easc�nents.apPunenanc.�.and . ' � .
<br /> •• <.��� Cucwres aow ar haeafter a put of the prapeny.All replaccments and additions shall also be cov�ed by this Security Luwment . • .
<br /> : -:'3 Ail of the foregoing is mfe�red tu in this Seauity Insunment as the"Pmpedty" . .
<br /> ���`;.�:,,.;���: :.: � .
<br />_ • : � BORROWER COVENANTS that Eorrower is lawfully seised of the estate hereby conveyed and has�he right to grant and � .
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<br /> , .>?'_�� convey thc Property and that the Aoperty ic unenc�unbered,eucept for enc�unbrances of record Borrower warianu and will , .
<br /> = ���-:� defend gen�ally the tiile to the Pmpeaty against alI clanms aad de�ands.sub�ect to any e,ncumbranc�.s of reoord.
<br /> .,.r:t;::�yt�,.,s:
<br /> �a; �,.:.�yn� THIS SECidRTTY INS7RUMENP combaies uniform covenants far naunnal use and non-uniform oovenants with liWnited '
<br />- ;;;<;-•. . :;���'}1 variations by jurisdiction to cons�iwtE a unifcxm security�snument covesing real pmpeny. +
<br /> y ' �`•-:" • :+:'�`? UN�ORM COVENANIS.Bormwer and Lender coveaant aud agtee as follows I .
<br />._' '.��1'=:ii'?ir� � . .
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<br /> `�-,t,s t l.Paymeat of Principal and Interest;Peepayet�t aad Late Charge�. Bormwer shall proraptty pay when due the �' -
<br /> ^ i prmapal of and inter�t on the debt evidenced by the Note ana any prepayiuent aad late c6arges due under the Note. � . • '
<br />:;t 2.F�mds for Taxes and Iosurano� Subject to applicabte law or to a wriuen waiver by Lender,Borrower shall pay tn '
<br /> _ Leader on the day monthly payments are due undar the Nute,�mu1 the NotB is paid'm fu11,a svm("Fundg'�for:(a)yearly raxes ;.
<br />;-.:� and a�cPC�„fents which a�ay att�griority ove�th'ss Security Instru�nent ac a lien on the Prope�rty;{b)Year1Y teasehold�ymea►ts
<br />-- ' ;`�s or gmund rents on the Propcdty,if any:(c)Year1Y hardrd or property ms�ce pramrom�(d)Year1Y f�ood ms�raace pre�ns,d . ..
<br /> '' �y,(e)YearIY mortgage insmaace premiums.If aay,and(�ai►Y snms Falra�'e bY Borrowe,r w Lende.r,in atxordance with the . ;:,.�`•:'.:
<br />_�; . provision4 of paiagraph S, in lieu of the payment of mottgage ins�ance gc�emiams. These items are czlled"Escrow Items." <;.. �;",f_;:,,�:
<br /> �� � :.,. •
<br /> =- Leader may,at any time,colleci aad�old Funds in an amount not to exceed ttte max�um amount a lende,r for a federallY related :-:y;,::,;_. : ..-
<br /> . . ma�z Ioan may reqwre for B�wer's escrow account aader the fedetat Real Estate Seulement Proced�ues Act of 1974 as . ;5"��,� ° .••
<br /> �u ` f-.,;,s::.: .
<br />- .._,' amended fmm time tn time,l2 U.S C.Seaion 2601 et seq. ("L�SPA"),ua!ess another taw that applies tn the Funds se5 a le� • .
<br /> " , . amount If sa l�ader may.at any qme.collect and hold Funds m aa a�¢at not to excced the tesser amonnt L.eudar maY . . - -:
<br /> '-.`j � e.ar�aate the amount of Funds due on the basis of cwreat data ar����z atimates of expendiwres of fuUUe Fsccow U.ans or • �:'"�
<br />�_' ,- . • n`: a-°�se im accord�wce with applicable iaw. , t �.`:��:
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<br /> The Funds shall be held in an�.stiwtian whose deposits ace i�,..�i by a federal agency,insuvme�►tality,or entiiy;�tuding , ,
<br />�';? . ` Lender,if I.ender is such an institution) or in any Fedaal[io�e Loan Bank.L.eudea shall apply the Funds to pay c�Escrow .... ::�.:,;.i;
<br /> r� . Iteu�s.Lender may not cl�arge Boimwer far holding and applying the F�mds,annually analyang the escrow account,or verifymg � � ' `'- 'f�.
<br /> �_ ;•�..�;r:
<br /> .Yt , . . the Esaow Items,nntess Leuder pays Boirowea interest on the Fands and :icable laa ts Lendea uo make such a chazge. ,f � ,1` ���4j
<br /> � P�u '{,•. .5�::�:s�
<br /> _ ? � • Howeve�,L.endes may requac Boimwes to pay a onc.rime cl�arge for an iaGependent real esqte tax reparmig s�vice used by E ,,,��r,�;,;: "_�, ,:;
<br /> '+;•. Le�der m connedion with t6is C�,undess applicable law p��«es othecwise.Untess as�agceement is made or applicable 1aw � .'ti-:i�;���,;�.`����,
<br /> �'� . . requires int�est w be paid L���.all not 6e requiced to P�8orrower any inte�est as eamings on the Funds.Ba...-�sa+er and �'.'���►':; -,r.: �;
<br /> ..:f . i..;5.� •.. : �iitF��
<br /> Lender may agree ae writing,hc��er.that¢�terest shall be p��an ihe Fv��s.Lender shall give to Bormwer,withoat�arge,an r . • �;
<br /> °'.'( . annnal accountmg oi�e Funds.showing credits and debits m tye Funds aad�t►e puipase for whicb each debit w the F�mds was . �',.:
<br /> �' a�ade.'lhe Funds are y2edged as additional security for all sa�s s�mced by this Security Inswment � .:..`i;s.'
<br /> ��� . If the Funtfs hetd by Lender exceed the amonnts pe�miue�p be hetd by applicable 1aw.Lendcr shall account to Baadwer for - -.- - ������';
<br /> • the excess Fands in accardance ws�the requ�ements of applicabte law.If the amount of the Funds hetd by Lender at aay time i� . �``"'�:�-�``:
<br /> • � not sufficteat ro pay the F.scmw Ic�s whea d¢e.Lender may so notify Bormwr.�in writing,and,in such case Bw�rowea shall pay , r`
<br /> + � to Lander the amo�:¢aeoessary ta make� t�¢deficiency. Borrowea shaU make up the deficiency in no more than tarelve � -. :`�:•;�
<br /> �i•. . montLly paymenis.at Lemder's sas:;-�' aon. ,,. � • : `y
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<br /> ',`. . Upon paymeat�fuU of a!1 s�s sec�ued by this Security Instiumc�t,Lend�shall fpr�'nPt1Y refund to Borrower any F�mds ,:.. ', .
<br /> �' ';��• held by I.enMa.U,under para�21.I.end�shall acquue�*.sell the Property.Leuder,prior w thc ac�uisition or sale of the '. ,
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<br />��";=t.•-' :;;;:'.: . . propeaty,shall appty any Fuads hetd hy Lend�at the time ef acquisirion or sata as a credit against the sums sec�aed by this . .
<br />:. > : ` � � Soauity Ingtrume�. �•`
<br /> ::.r.. �.:'� . ` 3.ApplIeatia�dl Payments. Unless applicable law provides othecwise.a11 paymenta received by Lender under para�raphs � :"'�"��
<br /> �t l a�6 2 sbaD be applied: fast.w anY PrepaYment charges d�r�nder fhe Note;secund.[o amounts payabte under paragraph 2; ; •
<br /> ..,"? �. . , .�� � �. �~ , �.
<br /> ; thud,to inte,rest dae;foueh.w principal due;and lasb w any�:.°charges dnc undcr the Note.
<br /> �',� • + 4.Charges;Liens. Bonower shall pay a11 taxes.assess�ncnts.charges,fines aad impositions attn'butable tu the Property
<br /> , • which may attain priority ovcr this Security Insts�nent,and leasehold payments or ground rents,if any.Borrowcx shall pay these : ••"
<br /> -`";: , ' , obligarions in the manaer provided in paragraph 2,or if not paid in that manner.Borrower shall pay tW�on 6me dire�xty to the '� ,l�°
<br /> .':;� pasoa owed payment Bormwer shalf prompdy fumish to Lender all nouces of amounis to be paid under this paragraph. If :,'r,y�_: �`•:��f
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<br /> ,; . Borrower makes these payments direcUy.Borrower shaU promptly fumish tn l.ender rece�rs�videncing the payments. ,«.:,�; �
<br /> �;,, Bormwer shall pmmptly disch�ge any lien which has priority over thLs Security Ir�s�ument nntess Borrower:(a)agrees in ' • • . �
<br /> ' i writing tn the paym�t of the oblig$tion secured by the Gea�in a manner�rable to Lender;(b)contests in gaad faith the lien � . •
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<br /> ;; ; ; by, ar defends�nst enforcement of the lien in. legal pmceedings wfi�h in thc 1.ender's opinion opctate to prevent the
<br /> enforcement of the lien;or(c)secures from the hotder of cha uen an ag�eemene satisfac�cry to Lender subordinaou�g the lien to
<br /> . � tLis�ty Insm�men�If Lender deteamines that any part of�:5e Pmpeny is subject t�a�ien which may aaain priority over this
<br />_ . '; S�tiy Instrument,Lender may give Bonower a notice ids:r_^..fya�g the licn.Borrower s�aS!sadsty the lien or take one or more I . � .
<br /> -�;" . �; �f the actions set fe�'�ab�ve aithin 10 days QE tise giving of notice. � �-:'
<br /> ' T , Fo►m 8928 8lgQ
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