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<br /> 98- ..�,
<br /> "� 'r''� , TQGPTH�R W1TH ell the improvemer�ts now or t�ereaiter erec;ted an the pr�perty, end all easements,
<br /> � � '� appurtenanca9,and fixtures now or horeatter a part�t the pmperty.All replacements and additions shail elso be coverod �_
<br /> '"� � by this Sccurity Inetrumont,All nt tha foregoing ie rztorred to in thie Secunty Inetrumont ae the"Property." �.
<br /> " '� � ' AORROWBR CQVENAN't'S that Dorrower ie lawtully seised of the estxte hereby conveyed end h�s the right t� ���
<br /> � grant and convey the Yroperty and that the Property ie unencumbered,except tor encumbrances nf record. Aotrower -_-
<br />-_ � werrants end wi11 defend generally the titio to the Property againet all claims and demands,subject to eny encumbrances __
<br /> •• of record. �`
<br /> � �� 'I'HIS SECURITY INS1'RUMENT combines uniform covenan�g for national use end non-unitorm covenanG9 with __.
<br /> limited varietians by jurisdiction to conatitute a unitorm security instrumentcovering real property. R__
<br /> UMPORM COV1?NANTS.Borrower end I.ender covenent and agree�s follows: �_
<br /> a whEn due
<br />' ,.,;,,;�,� l.Payment ot Principal�nd Intereat;Prep�yment and L�te Chsr�es. A�rrower ehall promptly p y
<br /> .%'��'� �` the principal af and interest on the debt ovidenced by the Note and any prepaymetilt and lete charges due under the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to a written weiver by Lender, F3orrow�er ehall
<br />�w� •. pay to Lender on the day monthly payments are due under the Note,until the Note is paid in full, a sum ("Punds")for:
<br />-- (e) yearly taxes and assessments v�hich mey attain prio�rit�over thie��early hazecd or t ro a rt ninsuran er�rem ums�
<br />� � yearly leasehold paymente or graund renta on the Pro rt , if any; (c) y y P P� Y P
<br /> early mort a e insurance remiumo,if any;and(f) any aums payable
<br /> (d} yearly flood insurance premwms, if eny; (e)y B 8 P
<br /> , . � � by Borrower to I.ender,in accordance with the provisione of paragraph S, in lieu of the payment ot mortgage inaurance
<br /> " premiums,These items sre called "Fscrow Items."I.ender may,at any time,collect and hold Funds in an amount not
<br />- � to exceed the maximum amount a lender for a federally related mortgage loan may require for Borrower's escruw
<br /> account under the federal Roal F.state Settlement Procedures Act of 1974 as amended from tirne to time, 12 U.S.C,
<br /> -� ' Section 2C01 et seq. �"RESPA"), unless another law that applies to the Funds sets a lesser amount,It so,Lender may,
<br /> a�' at any time,collect and hold Funds in an amount not to exceed the lesser amount,Lender may estimate the smount of -
<br /> ' Funda due on the basis of current data and reasonable estimates of expenditures of fUture Fscrow Ittzne or otherwise in
<br /> '� ��' �� accordance with applicable law.
<br /> � f � Tha Funds shall be held in an institution whose dcposits ere inaured by a federal egency,instrumentality,or entity
<br /> __:.<.��•�,���• (including L.ender,if L,ender ie such an institution)or in any Federal Home Loan Sank,fi..enderehall apply the Funds to
<br />�'�r'�'=, pay the F.scrow items. Lender may not charge Borrower for holding and epplying the Funde, annually analyzing the
<br /> .;,���,`:' escrow account,or vsritying the Escrow Iterr�s,unless I.ender pays Borrower interest on the Funds and epplicable law
<br /> �• - permits Lender to mako auch a charge. However, Lender may require Borrower to pay a one-time charge for an
<br /> �:�..`,rkly��� .
<br /> y�•:���;, independent real estate tax reporting service used by I,endcr in connection with this loan. unless applicable law provi es
<br /> T"`"'': otherwise.Unless an agreement is made or epplicablc law requires inure.st to ba paid,Lender shell not be roqwreci to
<br />`-"s'`����: pay Borrower any interest or earnings on the Funds. Aorrower and Lender may agree in writing,howover, that interest
<br />�;;,'�,�; '•
<br /> •».:•;��'�- � ehall be paid on the Funds.Lender shall give to norrowcr,without cherge,an annusl accounting of the Funds,show�ng
<br />�...;, . .
<br /> credits and debits to the Funds and the purpose for which each debit to the F��nds was mede.['he Funds are pledg as
<br /> i,�;.�;.!�r` additionnl stcurity for all sums secured by this�ecurii.y In�iru,iior�i.
<br />_-� � '- If the Funds held by I..ender exceed the amounts permitt�d to be held by applicable law, Lender shall account to
<br /> ,::��+'•�r�'�° Borrower for the excess Funds in accordance with the requirements of applicable lsw.If the amount oP the Funds held
<br />�„-�=��,L, by Lender at any time is not sufficient to pay the Escrow Iteme when due,Lender mey so notify Borrower in writing,
<br />� ��;,,,,_ and, in such case Borrower shell pay to L,ender the amount necessary to makc up the deficiency.Borrower shall make
<br />��'�.y.!,:��' up the deficiency in no more than twelva monthty payments,et Lender's sole discretion.
<br /> r��.-S:;?'� .
<br />- „�,i_�,. Upon payment in full of all aums secured by this 5ecurity Inetrument,Lendcr ahall promptty retund to orrower
<br />�;,,��y�'f�� any Funds held by I.ender. It, under paragraph 21, I.xnder ehall acquire or sell tho Property,Lender, prior to the
<br />_�,,.`:yi's�`c� ' acquisition or sale o f t he Prope rty,s ha l l app l y an y Funds held b y Lend�r at the ti me of acquisition or sale aa a credit
<br />__•{'�1.:;, - againat the sums secured Uy thie Security Instrument.
<br /> --���'Sa?�. 3. Application of Payments. Unless applicable law provides otherwise,all payments reccived by I.ender undar
<br /> ='-:":a�__ paragraphs l and 2 shall be applied: firet,to any prepayment charges due under the Nou;second,to amounts payabie
<br />--=--`��'�� under paragraph 2;third,to interest due;fourth,to principal due;and lest,to any late charges due under the Note.
<br /> -- �-r�'"�'�s 4. Charges; Liens. Borrower shaU pay all taxes, assessments, charges, finas and impositions attributable to the
<br /> --_-�z��.:_�.'�
<br />�:_,-,,,,�� Property which may attain priority over this Security Instrument, and leasehold payxnents or graund rente, i any.
<br />__ Borrower shall pay these obligations in the manncr provided in paragraph 2, or if not paid in that manner, Borrower
<br />_�rs-2�Y��' shall pay them on time directly to the p�:tson owed payment.Borrower shall promptly furnish to L.ender all notices of
<br /> Y-'-��}��`" amounts to be paid under this paregraph.If Borrower mokes these paym�nte directly,Borrowar ehall promptly turnieh
<br /> �..i��{.�. ;
<br /> .n.i�:. ��
<br /> y�'== -�` to Lendcr receipts evidencing the payments.
<br /> � �� Borrowet ahalt promptly discharge any lien which has priority over this Security Instrument unless Dorrower: (a)
<br />��--�-�� � egrees in writing to the payment of the obligation secured by the lien in a manner acceptable to l,cnder; (b)contests in
<br /> v"�`"'�`��� good faith the lien by, or defends against enforcement of the lien in,legal proceedings which in the L.ender's opinion
<br />�'-• operate to prevent the enforcement of the lien; or (c) secures from the holder of the lier�an agreement satisfactory to
<br /> """""'r;;"" Lender subordinating the lien to this Sxurity Instrument.If 'Lender dotermines that any part of the Property is subject
<br /> •�=�'�� to a lien which may attain priority over this Seourity Instrument, Lender may give Borrower a notice identifying the
<br />�.•.„�.y�,:.�._
<br />-,;.:� �--� -, � lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within ]0 days of the givmg o
<br />- notice.
<br /> - - ����� ,�Q6 Fxm 30 /9D
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