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<br /> 98�i10�63
<br /> TOG�TH6R WITH�II �he improvemerui naw or hereaficr erec;cW an the property,and all rASemeni�, uppurtenances,and
<br /> fittura now or hercafter � put of the property. All replacements �nd additions shall alsu be covered by this Security
<br /> hurument.All of the fore�oin�i� refecred to in thi�Security Inatrument as the"Prapeny,"
<br /> BORROW6R COVENANTS thn 8orrower l:I�wPolly seisal of the est�te hrrcby c��nveyed nnd has ihe rlght to grant and
<br /> convey the Property �nd th�t the Propeny is unencumbercd, excep� for encumbr�ncss of recard. IDorrawer warrunts and will
<br /> deter�d jener�ll�r the title to the Propeny uaimt all cl�irru u�d demaMs,subject tu�ny encumbrances of raord,
<br /> THIS 3ECURlTY INSTRUMENT combinea uniform covenunts for nuional use and nun-uniform covenazits with limited
<br /> - vartat{uns by Jurisdtctfon tocorutiwtaa uniform sexurity instrument caverin�rcal pmpeny.
<br /> UNIFORM�OVBNANTS.Bortower u�d L.ender covenmt and agree u follow::
<br /> 1• P�Yma►� ot Prinelp�! �nd lnter+rsh Prep�yma�t and Late CFwry�es. Borrower shall promptly pay when due the
<br /> pdncip�l of u�d intercst on th�debt evidenced by the Note and�ny prcpayment and lete chArges due under die Note.
<br /> 2,�ad� for Tiuca wed I�urace. Subject to applicable I�w or to �written waiver by L.ender, Borrower shall pay to
<br /> Lender on the day monthly pAyments ua due under the Note, until the Note i:paid in full,a sum("Funds")for;(a)yeuly taxes
<br /> and asxssments which rtuy utain prbrity ovcr this Security Instrumenc u a lien on Ihe Property;(b)yearly teasehold p�yments
<br /> or�round rents on the Property,if any; (c)yeuly haz�rd or property insurance premiums;(d)yearly flood Insurana prcmiums,
<br /> if my;(e)yeuly aqrtg�ge insur�nce premiums, if any; uxi (�any suma payable by Borrower to Lender,in accordAnc.e with
<br /> tbe pmvlsions of puagnph 8, in litu of th�p�yment of mortgage inaucxnce prcmiums. Th�ae items are called "Escrow Items."
<br /> i���Y� +�� �nY �ime, collect u�d hofA I�l►nds in a��amount not to exc.eed the maximum artwunt a lender for a federaUy
<br /> rd�ted mortgage loan may rcquire fa Bairo,ver's escmw account under the feder�l Real Estate Settlemem Procedures Act of
<br /> 1974 a�amEn�ia![rom time to time.l2 U.S.C. Section 2601 er stq. ("RFSPA"),unless another IAw that�pplles to the Funda
<br /> seu a le�er�mount. If ao, I..ender m�y, �t any time, colloct u�d hold Funds in �n amount not to exceed the Icsser amount,
<br /> I..a�er►u�Y ea�irruu the amount of FwAds due on the buis of curnnt d�ta�nd reuon�ble estirru�taa of expcnditures of futuro
<br /> Fac►ow Items or otherwise in�ccord�nce with applicable l+tw.
<br /> The Funds shall be txld in an institution whote depoaits are inwred by � feder�l a�ency, i�trumant�llry, or entity
<br /> (itt�isdin�I.ender, if Lender is such�n institution)or in u►y Fodenl Home L,oan B�u►k. Lender shall apply ihe Funds to pay�he
<br /> P�ttow Itenu. Lr,nder roay not cJurge gorrower for holding wid applying the Funds,annwlly uialyzipg the escrow account.or
<br /> vaityias the Eacrow Item�,unleaa Laider pry�Borrower interat on the Funds and�ppliable IAw permlts Lender to m�ke such
<br /> a c6�rte• 1�owever. l.ender may ra�uire Borrowar to p�y�one-time chuge for an inde�xndent real es�ue tu reporting urvice
<br /> wed by I.eader ia oonnoction with tdis loan, unless applicable !aw provida aherwise. Unleas an sgreernrnt is audr or
<br /> applicabk l�w requirw intercat to be p�id,Lender sh�ll not be required to pay Borrower my intcrest or e�raings on the Funds.
<br /> Barower aod Lrnder euy ngreo in writing, however, that interat shall be p�id on the Funds. Lendtr shall give to 8ocmwec,
<br /> r:'�►.%i-wuj�e, au aanual aeoowcin�oi the rw�as, rJiawtn crcdit�and debits to cha Funda and the
<br /> 8 purposc'for w6ich ead�
<br /> � debit to tlx Fund�w�a m�de.The Fwda are plodged as addition�l security for aQ suau aaurcd by thia Securi�y.liutrument. �
<br />,, If tbe Fuqds hNd by I.rnder excaed the amounts permitted to 6o held by�pplic�ble liw. Lender sha11 account to isormwer
<br /> for tbe excess hlu�ds in�coord�nce with�the roqu;ren�ents of applicablc9aw. If the wnaunt of the Furid�heW by Leakr�t�any
<br /> tim ia uot sufkiaient to p�y the F,tcraw[ttlas when due, Lender may so notify Borrower in writing,and,in ach cuse Borrow�er
<br /> s6�ll p�y to I.ender.the ui�auqt necesary to m�ke up che d�ficiency. Borrower shall m�ke up the deficiency in na more th�n
<br /> twdve monthly piympus;:,,�t Lender's a4te discretion.
<br /> Up�n paymeuc iw full of all sums;.f,ewnd by �his Securiry IpStrument, l.ender sh�ll pmmptly rofund to Bornower arry
<br /> Fu�dt beld by Leader. If, under pa��r�ph 21,L,enckr ahall acquire pt sell the property, I.erMer,prior to the�cquisition or aale
<br /> 'Af� property. �hall apply�ny Funda h�ld by Lender nt the time of acquisition or sale�a a cr�dlt againat the sums secured by
<br /> ��thisSocuriry Insuurc�ent. �
<br /> 3.Applkallor of PMrnp�b.(rnkss�pplicable law provida otberwise, all payments roceived by Lender�u�rider prra�rapdj
<br /> 1 �od Z�ha1l,Ap appliod: first, to any prapiyment chuges due under the Note; second, to unounts pay�ble wdtr pusg�ph Z; •
<br /> thi�d,to interott due;fourth,to princip�l due; aad last,to�ny late chu�ga due under�he Note.
<br /> 4.Ch�r�a:I.k�w.Somower atull p�y all taxes,asaqsmanq, cGuga, fines a►xt impo�i�iona�ttabutable to the Prnpoity.�
<br /> M�ICh aaty attain�yy��his Security Instrument, md leasehold payme�u or ground rrnts, if my. Botxower alull pry�
<br /> theu�b�isations m�liel�}�rovided in paragraph 2,or if not paid in tdat�rwu�er,Borrower shalt pay t�em �an time diroctly
<br /> to dk�xr�on owed prymait.9orrower shall promptly furni� to Lender all notias of arraunta to bn paid under this prr�grsph,. :
<br /> if Borr�owar rn�lcei thae paymrnts direal�{.9orrower ahall promptly furniah to I.ender receipts evidencin�t2ie payments. .,:�• . � '.'�':�`
<br /> Borcower s6a11 promptly dischae�e any lien wbich h�w priodry over thia Security Instrumient iu�less Borrower:(a)ageeei�tn :" �: •
<br /> • wiitln� to the pryment of the oblis�tion sewrod by the lim fn �mu�ner sccepteble to I�ender: (bl contests in gord futh the liai ' , .
<br /> '. bY,oc deEends apinat eaforcement ot the lien in, Iega1 proceedin�s which in the Irender's opinan opente to prevent tby �
<br /> enfarxment of thelien;or(c)secu�rs froin the Iwlder of the lien an agrament�atis6ctory to Lender suboidinaling the lirn to
<br /> ttu�Security instrument. If L,ender de�rtntnea th�t �ny part of the Property is subject to�lien which m�y rtain priority o+ver
<br /> thi�Socudry Instrument, [.cnder m�y �Ive Borrower a notia idrntifying the lit�n. Borcower ahall satisEy the lien or eake one or
<br /> mon of�he actiona aet forth�bove witbin 10 d�ys of the Eiving of notia.
<br /> Fom�302{ 9/�0
<br /> �iRINEI�9:+t�.oi rq„:ae . .
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