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<br /> 97- i�4�
<br /> TOGETHL'R WITH sll thc improvements now ar htrcafter erectcd on the property,and all c�scments. appurtcnances,and
<br /> fixtures now or t�crcaf'ter a pan of thc property. All replacements and additions shall ulsc� bc covcred by this Secudty
<br /> Instrumcnl.Al l of the forcgoing is refcrred to in this Security Instrument us tha "Property."
<br /> BOCtROW@R. COYENANTS thAt Barruwer ls lawfully seised u�the estatc hcrcby conveyed and has the right to grant ond
<br /> cunvcy thc P��oprty a�id that the PropeRy Is unencumbered, cxcept for encurnbrances of record. Borrower warrants encl wil�
<br /> defend genernlly the title to the Froperty ngainst all claims and demands,subJect to any encumbranas of reconf.
<br /> THIS SECURITY INSTRUMEiVT cambines uniform covenanGS for nntional use and non-uniform covenants with limitod
<br /> variations by judsdiction to constitute a uniform security instrument cavering real praperty.
<br /> IJNIFORM COVENANTS.Borrower:ux!Lender covenant and agree as follows:
<br /> 1. Payment ot Principw! and Interest; Prepayment and I.ate CNarges. Borrowcr shall promptly pay when due the
<br /> principal df and intecest on the debt evidenced by the Dlou and any prepayment ancl fnte cherges due u�der the Note.
<br /> Z,F`unds tor Taxes s�nd Insurxaoe. Subject to applicable law or to a written waiver by Lender, Bonower shall pay to
<br /> I.ender on the day monthly payments are due under the Notre.until thc Note is paid ia full,a sum("Funds") for: (a)yearly taxes
<br /> and nssassments which may attain priority over this Security Instrument as a lien on the Property; (b)yearly leasehald payments
<br /> or ground rcnts on the Property,if any;(c)yearly haz�d'or property insurance premiums;(d)yeurly tlood insurance pnmiums.
<br /> if uny;(e)yearly mortgage insuranca premiums. if any; and(fl any sums payable by Borrawer to Lendar. in eccordance with
<br /> the provisians of paragreph R.in licu of the payment of moctgage insurana premiums. These items are called"Escrow Iterns.°
<br /> Lender may, at any time, collect and hold Funds In an emount not to excad the maximum amount u le��der for a fedefally
<br /> rclatod mongago loan may requirc for Barrower's escrow account under the federal Real Estate Settlement Procadures Act of
<br /> 1974 as amended from time to time, 12 U.S.C. Section 2b01 et seq. ('RESPA"). unless another law that applies to the F'unds
<br /> sets a lesser anwunt.If so, Lender may, at any time, col(cxt and hold Funds in an amount not to exceed the lesser amount.
<br /> I,oncicr may estimate the umount of Funds due on the basis of current data and reasonable estimates of expnxiitures of future
<br /> Escrow Items or othenvise in accorda�xu with appllcable law.
<br /> Th� Funds shall 6c held in an institution whose dcposits are insurc�d by a federal agency, instrumentality, or entity
<br /> (including l.ender. if l.ender is such an institution)ar in any Federal Home Loan Bank. Lender shall apply the Funds to pay the
<br /> Escrow Items. lender may not charge Barrower far irolding and applying the Funds,nnnually analyzing the escrow acoount,or
<br /> vedfying the Escrow Items, unless L.ender pays Bnrrower interest on thc Funds and applicable law permlts Lendcr to make such
<br /> a charge. However,Lender may require Bonower to pay a one-time charge for an independent real estate tax�+eporting service
<br /> usai by t.enner in connoc[ion wich �nis Ioan, uniess appiica'vIe faw pruviucs uuiciwisc. L'aicss +.,-� ag:�cr,eni is m�:c c=—
<br /> Applicablc law requircs interest to be paid,L.ender shall not bc required to pay Poxraw�r any int�rat or earnings on the Funds.
<br /> Horrower and Lender may agra in wddng, twwever.that interest shall be paid on the Funds. i.�ender shall give tn Borrower,
<br /> without charge,an wmaal aocounting of the Funds. showing crodits and debits to the Funds and the pucpose for which �ch
<br /> debit to t!n Funds was made.The Funds are pledgod as additional securiry for all sums secured by this Secunty Insuument.
<br /> If the Funds held by Lender excad We amounts permitted to be tkid by applicable law,I.�nder shall aor.ount to Aomower
<br /> for ttr.excess Funds in occo�dance with the requirements of applicable law. If the amount of the Funds held by I.erxkr at u►y �
<br /> time is nat sufficient to pAy the Escrow Items when due,Lender may so notify Bormwer in writing,and,in auch case Bomower
<br /> stall p�y to Lendor the xrnount neca5sery to malce up the deficiency. Horrower shall m�lce up the deFciency tn no mor� than
<br /> cwei���o�cnty�y�nu,at Lender's sole discretion.
<br /> CJpon payment in full of all sums secured by this Security Instrument, [.ender shall promptly nfund W Borrowcr u�y
<br /> Funds h�ld by Lender. If,under paragnph 21,Lender shall acquire or sell the PropeRy,I.ender, pdor to thc�cquisition or s�l�
<br /> of the Property,shali apply any Fu�xls held by L,��xler at the timc of acquisition or sale as a credit against the sums spcured by
<br /> this Sect►rity Insuument. �
<br /> 3.Applk�lion ot Paymmta.Unkss applicable law provides othernise,all payments roceived by Lender under parags�phs
<br /> 1 ur12 sh�ll be eppliod:first, to any prepayment charges due undtr the Note; second. to aitwun�q pt►yable u�der paragraph 2;
<br /> third.to interrst due;fourth,to principal due;and last,to any late charges due under the Note.
<br /> 4.Chtrgd; Lieas.Borrower shell pay all taxes,assessments,�harges. flnrs and impositions attributable to the Property
<br /> which msy�ttain priority over this Socurity Inshument. and Ir.asehold payments or ground rcnts,if any. Bonower sfu�il.pay
<br /> these obligatiuns in the manner pivvided in paragraph 2,or if nat paid in.that manner,Bonower shall pay thun on timed�ratly
<br /> to the person awod payment.Borrower shall promptly furnish to l.ender all notices of amounts to be paid under this paragraph_
<br /> If Born►wer makes these payments directly,Borrower shall promptly fumish to Lencler xeceipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priodty aver this Security Instnunent unless Borrower:(a)agrees in
<br /> writing to thc payment of the obligatian secured by the lien in a manner a�captable to L.ender;(b)contests in good faitii the lien
<br /> by, or defends ogainst enforcement of the lien in. legal proctedings which in the Lender's opinion opc�ate to pnvent the
<br /> enforcement of�te lien;or(c)secures from the holder of the lien nn agrecment satisfuctory to t.ender subordinating the lien to
<br /> this Sec�rriry Inurument.If Lender derermines that uny p1n of the Property is subject to a tien which may attain pdority over
<br /> this Socutity Instrument,Lender may give Borrower a notice idcntifying ttic licn.Borrower shall satisfy the lien or take one or
<br /> more of the actions set foith above within (0 days of the giving of notice.
<br /> form 3029 81�0
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