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<br /> 97-- ��'7�39
<br /> TO(i�THER WIT?i idl thc impravements rK�w ar hereaftcr crectcd an the property,und ull cuscments,uppurtcnunccs,and
<br /> �xrores now on c�rcuRcr a purt of th� pmperty. All replacements and additions shnll also bc covcraf by thls Security
<br /> instninxnt.All uf thc fi�reguing is rcfcrred tn in this Sccurlty Instrumcnt as the"Praperty."
<br /> BORROW�R COVENANTS thut Barrower ir lawfully seisod of the cstatc hereby wuveye�l uixi liu�Ui�righ�tu gruut u�td
<br /> convey the Pmperty �+ncl thut th� Prapeny is unencumberai, except for�ncumbrunces of raord. Borrower warrnnts and will
<br /> defcixi genErally thc dde to thc Propcny against uil cleims uixl demands,subjcct to uny encumbranccs af re�:ord.
<br /> TH1S SHCURITY INSTRUMBNT combine9 unifarm covenunts for �tio�usl use und non-uniform cavenants with limited
<br /> variatians by Jurisdiction to constitute e unifarm security instrument covcring real pruperry.
<br /> UNI�ORM COVENANTS.Borrower and Lender cuvenant and agae as follows:
<br /> 1. Payment ot Princtpd xnd Interesti �Pi►yment xt�d I.Ate Clwrgav. Borrower sliall promptly puy whcn duc thc
<br /> Rrincipal af and interest on the debt evidenced by the Note ancl nny prepayment and late charges due u�der the Note.
<br /> 2.�unds for Taxes wnd Insurance. Subject tn nppllcabtc law or ta a written waiver by l.ender,Borrower sball pay ta
<br /> I.e�xler on the day monthly paymencs aro due under the Note,until ihe Notc is paid in full,a sum("Funds")for: (a)yearly taxes
<br /> and nssessnuncg which may attain priority avGr this Security Inurument as u Iten on the Property:(b)ywrly Iwsehold paynxnts
<br /> ar ground rent,on the Property,if�ny;(c)yearly harard or propetty insurance premiums;(d)yearly flood insurance prcmiums,
<br /> if nny;(e) ytarly mcutgage insurancc premiums. if uny: and(�any sums puyublc by �orrower to Lender, in aaordance with
<br /> the provtsions of paragraph 8, in lieu of the puyment of mortgage incurance pcemiums.These items ure called "Escrow Items."
<br /> Lender may,at any time, collect and hold Funds in an amount nat to exceed the maximum arraunt a lender for a federally
<br /> related mortgugc loan muy require for Borrower's escrow account under the federal Reat lEstate Settlement Procedures Act uf
<br /> 1974 as amrnded frum time to timc. 12 U.S.C. Sectton 26�1 er ar•q. ("RESPA"),uniess another law that upplies ta the Funds
<br /> sets a Iesser amount. If so, Lender muy. at any time, collect�un;i hold Funds in an anx�ur,i nat to exceed the lesser amount.
<br /> Ixnder may estimate the amount of Funds due un thc basis of current dat�and reasonable estimates of expenditures of future
<br /> Escrow Items cr otherwise in accordance witl�applicable law.
<br /> The Funds shuil be held in an institution whose deposies are lnsured by a federa'1 agency. instrumentality. or entiry
<br /> (including Lender, it Lender is such an Institution)or in any Fedarai Home Loan Bank.l.ender shall apply the Funds to pay the
<br /> Escrow Items. Lender may not charge Borrower for holding anA applyirg the Funds,a�ually analyzing the escrow account,or
<br /> verifvin¢the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable!aw permits Lender to make such
<br /> a charge. However. I.ender may reyuir�Borrower to pay a one-dme charge for an independent real estate tax reporting service
<br /> usal by Lender tn connection with this loan. unles.g applicable law provides otherwise. Unless an agrcement is made nr
<br /> applicable low requires interest to be paid.I.ender shali not be required ta pay Borrower xriy intenst or eamings on the Funds.
<br /> Borrower and Lender may agc�ee in writing, however,that interest shall bc pa�d on the Fun�s. L.ender shall give to Borrower.
<br /> without charg�, an ennual accounting of the Funds,showing credits and debits to the Funds and the purposa for which each
<br /> debit to the Funds was made.The Funds nre pledgcd as udditiona�socurity for all sums secured by this Security Inurument.
<br /> If tt�e Purds hetd by L.ender excad the amounts pernutteA to be held by applicable law,Lendee sh�ll account to l3nrrower
<br /> for the exass Funds in accordancc w[th the requirements of applicable law. Tf the amount af the Funcls held by I.ender at any
<br /> time is not wfficient to pay the Escrow Items when duo. I.ender may so notify Borrowor in writing,and,in such case Borrower
<br /> shall pay to Lcnder the amount necessary to make up the daficiency. Bonower shall maice up the defic9ency in no mon thart
<br /> twelve monthly payments,at LendePs solc discreNan.
<br /> Upon payment in fiill of all sums secured by thia Secadty Instrument, Lende�• shall promptly ret'und to Borrower any
<br /> Funds held by Lender. If,uncler parngraph 21, Lender shull acc�uire or sell the PropeRy,l.�nder.prior tu the acquisition or sale
<br /> • of the Property.shall apply any Funds hcld by Lender ut the dme of acquisit�on or sale as a credit against the sums secured by
<br /> thia Security Instrument.
<br /> 3.AppltpHon oi Paymenta.Unless applicable law prnvides othenvise.uU payments �eceivod by Lender under paragraphs •
<br /> 1 and 2 shall be applied:first.to any prepayment charges due under ttie Note; socond,to emounts payable under paragraph 2;
<br /> third.to iaterest due;fourth,to principul due;and 1ast,to any late chazges due under the IYate.
<br /> 4.Clrrges; Lta�.Borrower shall pay all taxcs, assessments.charges. fines and imposltions attributable to the Properry
<br /> which may attain priority over this Security Instrumeni. and le:�sehold payments or ground rents, if any. Borrower shall pay
<br /> these obligntions in tt�e manner provided i�►paragraph 2.or if not paid in that manncr. Borrower shull pay them on ttme dic�xtly
<br /> to the person owed payment.Borrower shall pmmptly furnish to Lender all nattces of amounts to be patd und.er this paragraph.
<br /> If Borrower makes these paymenu directly.Borrower shall�rompdy furnish to L.endor receipts evidencIng the payments.
<br /> , Borrawer shall prompdy discharge any Iten whfch has�rioriry over this Securiry Instrnment unless Borrower: (a)agrees in
<br /> writing to the payment of the oblisation secured by the lien in u manner acceptuble to Lender; (b)coiitests in gaod f�ith the lien
<br /> ' by, or defends agalnst enforcement of tl�e li�:n in. Iegal proceedings whiCh in the Lender's opinion operate to prevent the
<br /> ' enForcement pf the Ifen;or(c)secures t'rom the holder of the lien en agraernent satisfactory to i.ender subordinating the lien to
<br /> this Socuciry Instrument. If Lender dotermincs thut any part of the Properry is subjcc�to a lien which may attain priority uver
<br /> � this Sccucity[nstrument,Lender muy�ve Borrawer a netice ide�ntlfying the lien. tiorrow,�r shall satisfy the lien or take one or
<br /> more of the actions set forth above within 10 days of the giving of notice.
<br /> , Form 302s 9/3�0
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