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<br /> #��� 98- i�'�
<br /> 'fC�C1:THER WITFI all the improvemcnt�now ar her+eaRor eroctod on tho pro�xrty,and all eu.irmeats, nppurtenAnces:'II�d
<br /> fixturas now on c�rcbfter u }urt of thc pmperty. All rcpincements and nclditions shall also he coverocl by thiF Security
<br /> [nstrumcnt. AI!of thc f�r�going is refcrn:d to in this Security Instrumeut us thc"I'roperty."
<br /> BORROWFR COVBNANTS th�t Borrc�wcr is lawfully seiced nf the cstntc hcreby cnnveyed and hes the right to grant anc!
<br /> convcy the Property and that the 1�ropeny is unencumberod, except fur cncumbranca.ti af rernrd. E3orrower warrantF and will
<br /> defend generally the title to the Praperty Agsinu all clrims and c+em�r►d9,�ubjcct l�xny encumbrances of recorcl.
<br /> TIiIS SECUR[TY INSTRUMBNT combines unifarm covenamx far national use and non-uniforn covensnts wilh li��iited
<br /> variations by jurisdictiun t�constitute ri unifotm security inatn�nunt covering real pro{�eny.
<br /> UNltQRM�YEI�tANTS. Borrowcr snd l.cndcr covenunt s{nci ngrce ns foll�ws:
<br /> l, P#ymenR ot Pn1nciya►I wnd I�tet�t; P�ePwyment pnd I.ate Charres, &?e-x�ower slwr!P+r«T►P<<9 P�Y wE►ece dua the
<br /> princi�!af aeui interesc on�he deRat cviicieitcod A�r the Note and any prepaym�enc anaf.[aue chuges�1ue urr,f�a ef.t�1�Qte.
<br /> 2, l�r���rr.�tor Taxes and Insura�m�e. Subject to epplicable law ar ta a wriEnem�nrai��e�r hy L.�nder, �*.��wer sbaJ��y to
<br /> Lu�de�o.�>>,+��:c1Ay t�wntkeE�r�yme:nets tatr due under the Noee,ueetiw the No�e is prid in fncl9,c:s����("Funds")tbr:(a)ye�.i;,aauces,
<br /> suxl assessn�erlts whirh rtrcn:a��tailn:prinriry over this.",ecurity Tntitrument a►c a lien on thc Pac��;ecrr,:(6)yeady leasehald pytna►ts
<br /> ui giuiiiKi irli5 uii iiic rruEx:siy,ii wiy:l�l Y�riy iuv�nl ur propeny insuru�ee pnenuvem�;ioi j}�u�.y^;.:1:iii;�:.:.w j..:..:.:::�.,5.
<br /> if any; (e)yearly moncc�,e insurance premiwiu, if any;and(fl any sums�a.;r��i?��� �carn�xer ro Lcncaer, in accord�nx wich _
<br /> the pmvisions of purng�ri�ph S,in iieu of the p�yment of mo�tgege insurance pr:•naium5.�fhe.e i�ten�s are caUod "Escrow ltemc." � � -
<br /> [.ender rru�y, at any time, rnllat and hold Funds in an amount not to exc;axi'rhe maximuu�amount a lernkr for a fed�lly
<br /> ntlaled mortgage Icwn qlay re�uiro for BorrovyCk's.rscrow account wxler the fedzr�l 12ci1 Estate Settkment Procedurea Aa o�'
<br /> 1974 as nneixJal from ti�r�ne to time, 12 U.S.C.�.�;c�cti•o�n 2601 er sey. ("RE�SP�"),untess u�o►her law tltqat applies to the Funds
<br /> sets a lesser arnount. ]f so, Lender may, at any ti::ie, collect`ared hold Fwq►ps in pn amaunt not to exGe�.! the lesser amount.
<br /> Lender may esti�rwte she amount of FunJs due on tF�e b�sis of cue�nt'd�tx i►od reasorsable estimntes of expendiwres of future
<br /> Escrow Itcins or otlxtwise iu aroordu�ce with�plicable law.
<br /> Thp �ands shall bc held in en institution whose deposits ane insurod by � ftderal 1��ncy. insuumemdity, or entiry
<br /> (including i.Krxler, if Lender is such an institution)or in tu►y Foderal Home Los+n �iank.I..ender shall�pply the Funda w pay the
<br /> Escrow iterr�c. Lcnder may na charge Barmwer f�r holding rnd�pplying the Furida,annual[y arWyting the edcrow account,or ..
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<br /> Vcii�yii�u�c rbi;ivw nCilis,u�ucss Lc�wkr�ys nu�iuwci i�iicicai uii ilic r4�w iu�i�yliiii`vip i�1i Ncii�uu Luiuu w ii�itay-siiiw� .
<br /> a charga Howover,[,ender m�y require Borrower to py a one-tim�chuge for un indepencle��t ral atau tu rcporiing sc=i�vice �
<br /> used by Lendcr in oonnectioa with this Ic>an, unless �pplic�ble iaw provides dherwise. .Uiiless an agreaira�t ii nvde or
<br /> applicable law rcquires interest to be pAid, I.ender shail not be roquircd to pay$arrower any intercst or eaminga on the�nde.
<br /> , Borrower�nd Len�der maJ agree in writing. however, that interest stwll be paid on the F:►nds. L�ender;s6aI1R give to Bort�owa, � •
<br /> � �without chuge, an annu:cl eecounting of the Funds;showing erodits and debits to the Funds�nd the pprpase for which ad� '•' ,•�
<br /> debit to t�.e•Funds wac i'hade. 7Le Funds are pledgod us�ddiponal�sCcuriry for all sums secut+ed by this Security Instnimd�t. '"
<br /> If thC Funds held by Lender exooed the amounts permined ta be held by appliable law,,l-cnder shall aa.�ount to Borrower
<br /> for�hr,eaccess Funds in��oo�dmcq with d�e requirementE of applirrble Itw. If the unount of the Fwds held by Leader at my
<br /> time is not sufficirnt to�uy'the Escrow It�u wl�a�due,L.erder may so notify bqrrower in writing,mcl,in such wx Honn�rar;�� .
<br /> studl pey to Lender the�,grmwnt t�cessru�y to make up the deficiency. Borrvwer shall m�ke up the deficia►cy in no ma+e ttur► '„
<br /> twelve monthlY P�Yma�ts.H I.a�der'�sole discc+etion. '�. ;. ,
<br /> Upon pnymrnt in full af All.smns securod by this Security Tnstrument, [.�iKfer shalt,�prdmptly refund to Horrower�ny
<br /> Funds held by Lerder.��, w�a paca$c'iyph 21,Lender stwll acquirc or stll the RC�q�kKy;'[;tdnder.Pria ta the a�x�uisitiun ar We
<br /> of the E'roperty,shall,a�plq:ai►y�';ut�ds hCld bY i�;ccdcr at the time of acquisition'of sx7e ay a credit ag�it�st..tl�e sums saatrod by
<br /> this Sawrity InstrumcM: ::`:.: .� ' � '. '' ' ,:''
<br /> � 3�;Ap�iestioa ot'�Paytreeats,,U�����s appli'ra►ble l,rw provides otherwise,al({�jymetMS,tcc�ival by Laxler unda�pan6nphs
<br /> 1 md 2%s�s�7l:�e applioJ: tirst,to anY.ptepaYment charges due utwier the Note;sbcond,t#��nmau�ts pyAble urida paragrtph 2;
<br /> third.to 7rit'cittist due;�'qurth, to principal due;u�d last,to any late charges due unckr the'I�Vbt�,
<br /> �.Clurses; I�ln.�.s. Borrower shall pay�ll tazes,assessmrnu,�haugas.�n'es and impositions attributable to the Propaty
<br /> which rtwy attain prkrarie�j ovu this Socurity Inst�ument. and leasehold paymyentx�ar ground rents, if any. Borrower sb�ll p�y
<br /> tlkse obliguicros in'i9���nsuuier provided in parag�aph 2,or if not paid in thut mumec. �orrqwe�sh#11 pay them on tirne dizectly
<br /> to the persorr owai payanent. Aort+pwer shsll promptly furnish W L�cncior�11 noti�es of�rtrwn�s to be paid urdar this par�giaph.
<br /> If Borrower makrs these prymaits directly. Horrower slWl promptly furniah t�I..onder rcaipts ovidencing the pryinems,
<br /> Borrower shull ptqrnptly disclurcge�ny lirn whi�h hKS priority over this Security lnsttument uNess lfornowa:(�)agrad in
<br /> writing to the paymc�:'�t;i�lhe obligAlion socural by ttx lirn in a rrwmer ac:.lypt��ts to'I..aider;(b)conlests in good faith the liat. ..
<br /> by, nr.defends agai+�it;e�1(arament ot the lien �in,�legal proceeding�v which cn� the I.adcr's opinion uperate lo•prevtnt the
<br /> enfo�rc+-rne;n: o�:thc libn; or(c)se�lres�rom thc holder of the lieit,an agrcement sadsfa��tary to I.et�der subordinating�,he lien to
<br /> this S�c?:;�-i�v Jxistkuthrent. If I.ende;r dcstennines that auy prrt�bt'�G.ti:��Property is subjxt tcp.'a lien which may attain�SRw:�r��;« r�yqr
<br /> this Security I►�strinnten�, 11;CtKkt tttoy�give Ro►mnwer a notict Yt'dctaRlCying th�1�tn. 8orrowcr s!tull satisfy the lien or 4:��;�s.�:a�ue:u�t',, ...�.••
<br />- more of the actions s.•t Fo.rt'h ubove within 10 dtys di the giving of noticx.
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