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<br /> � 91-- 102856
<br /> � TO(IETH�R WITH all thc impmvements now a hercuf�cK crected un�hc PrapeAY•and all eascmenis. appurtcnw�cc.r. _--
<br /> - � �► and fia�urcr now ar hereafter a paA af�ho propM1Y. AII rcplacemcntx and additiuns shall alw be caverc:d by ihis Security --
<br /> . Inwrument. All of the forcgoing is►efecred la in�hi�Serudty Inxtrument ux thc"R��peny."
<br /> . � •`��, BORROW�R COVENANTS tlu►t 9ortowcr i�lawfully M:ixeJ af Ihc c,lutc hcreby cunvcycd und hax Ihc righi to gront _ �
<br /> ,' � ond conve the Pmperty ond�hwt the ProPe„Y is unencumbercd,excepl far encumbroncez of recurd. 8orrower wurronts and ---
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<br /> . ' .�- �. ., will defend generally the�itle to the I'�roperly Against all claims and demancis,aubject to uny eru:umbruoces of record. � � -
<br /> �'��:w'x"� T H 1 S S�CURITY INSTRUM�NT cambines unifnrtn covenanix Ior nptianuf usn un�l nun-unifarn� cc�venants with _.�
<br /> - limited vurfAtion�by judedic�ion to constitute a un i fotm tiecu�i ry i ns u u m e n t c o v e r i n g re a l p r o p e A Y• �`-�`"�'"
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<br /> UNIFORM COVENANTS. BorcowerundLender covenant ancl ugree us follaw.r•: _�;��Y-y:----`
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<br /> ���;'�: 1. P�yment af PNncipsl And Interact;Prep�ymeat aad l.Ate Chpry�es. Bortawer xhall rom tl when due�he
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<br />�,;x�qi,.,;--���:�-- pdnri{wI of and inlcrest on�he debt evidenrcd by�he Notc ur�d nn re u menl und luto charges duc undcr ihe Nate. �:-
<br /> �;.,� �- 2, �nds tor 7bxes And Insurs�nce. Subject ta up licuble low ar ta A wduen wniver by Lender,BoROwer shall pay to �,ti�, _
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<br /> �^'. ' Lenckr aa ct�day monthly puyments prc due umler�he Nute,untit Ihe Notc i�pnid fn full,a sum("Funds")for: lu)yearly �-,�,��,-�,.,_�..,..
<br /> •^��`• -� tnaes and assessments which muy altain priarilY ovarihis Security Insuument u�n lien on the Propeny:(b)yeorly leuuehold i• ,`:;��•.��.,_-
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<br /> ,;,�_: •• aymenrs a rems on �he Pnape�t9, if any:lc)yenrly huzarc! or properry insunuxx �,x�miumh; ldl yeArly flood ;`:r��,s::��y<1-;'
<br />, ''��"' ''� • , insurance p�mi •ums it ut�y: (e) yeazCy anatgage insurance premiurns. if any: :u�d ltl uny surrts payuble by Barrower to �.:;�;!
<br /> a~ .�� '"`' Lender.en mccw'dance with the provisions of paragroph 8.in lieu of ltor p•ryment of mangage insusance premiums. 77�es,e *-��_
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<br /> ,.,•.• `.:' •'• items are called"Escrow Item�' Lender muy.at mny time.cotlect a�i ho�d Funds in an amount not to exreed the maximum ;,�.„-=��y.—
<br /> u��e(or B�xsowerk escrow uccount uncier the federal Real =r`�-'-'
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<br /> *�; ;� ., .,j� • emount A lender for u federally related nnontgage loan maY �1 .
<br /> E,��te Senlennent Procedures Act of 1474 as ameixied from time to time. 12 U.S.C. §2601 et seq.l"R�pA��>•���s��� �;'r�r
<br /> `�:�. �=���.: , � luw .ha, .�ppliea �the Fuods sets a lesser wnoum. ii so.LenJer niay.at any Iime.collect and hold Funds in un artNwnt na to ���X..�:l��:.-_.
<br /> ��i%•�� "d1�"' - ' exceed the lesser amoum. Lender may estimate �he amount of Funds due on �he basis oi current duta alld R(IS011abIC :�t. ,
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<br /> • estimates of expenditures of fwure Escrow Items or oth�rwise in Accordance with applicable luw. 1� .., .�.
<br /> ��� � The Funds shull be held in an insuwtion whose deposits nre insured by a fedtrnl u�ency, ias�rumentulity,or entity ;_,,�.t
<br />''":���' °•�`%'`-1 �• • (including Lender.if Lender is such an instiwtion) or in any Federal Home Loan�iank. Lender shull apply the Funds ta pay ,���;': -
<br /> �'6 ' ��," ' :;t�t;�• the Facrow (tems. Lendcr muy not charge Barower for halding and applying the Funds, an�unlly�nalyzing thc escrow ���:�`�%l-=
<br /> �i;';�u:' , i'„�a'". : ,;�„��{i;'� account. or verifying Ihe Escrow Uems, unless Lender a s Borrowcr interest nn�he Funds and a licable luw rtnits ;`.;t�r�'�,'`':�
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<br /> ` ��'" ���'^ Lender to make such a charge. However,Lender mey require Borrower to pay u one-time churge tor un independent real ;,;.-_.A._,_ _
<br />� > � estate tox mporting�ervice used by Lender in connecpon with this loan,unless upplicable law provides otherwixe. Unless nn ;;;;�t;,.���-;
<br /> • , - � agreement is made or applicable law requires interest to be paid,Lender shall not be rcyuired to pay Borrower uny interes►or )•f-�� ��"'�
<br /> � � : eamings on the Funds. Horrowcr and Lender may s+gree in writing,however,that intemvt shall t►e paid on�he Funds. Lender c;:a:_,:e�����'�
<br /> �', shnll give to Bomawer,without chargc,an annuul uccounting of Ihe Funds,showing credit4 and debi�s to�he Funds c►nd the .:s.�tiv�.a.,_•:_�__
<br /> a�:�,;�,'� pucpose!'er w!!fch P�h debit to the F�nc]s wus made. The Funds stre pledged as add�tianu� securiry for all sums secured by _y�,�A ���
<br /> ,, ;:;` this Security Inawment. � ��K .
<br /> ' . �r���'c;�, Y •'t lf the Funds held by Lender exceeJ t6e amounts permitted to be held by applicuble luw, Lender Hhalf account to i
<br /> �;�ri'i�i�;, . ••''r� Borrower for the excess Funds ire uccordanee with the requircments af applicable law. If the amount of the Funds held by � ., � ;
<br /> ' ' k� ��'� Lender at uny time k not sufficiem to pay�he Escrow Items when due,Lend�r may�o notity Borrower in writing,and,in 4r�: .. ,, ,,,
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<br /> -• +t•��:�r such cnse Banower shnll pay to Lender the amount neceti,ary lo mal:e up the deficfency. Borrower shull make up the .. „+.' ,, ,�.`.:
<br /> `�•�';�,�1,,,,: ,;'.. •'.t;�`�ri�.�� deficiency in no more�han twclve momhly puyments,ut I.endcr ti sole discretion. ,� � � •�� •
<br /> � �'�l:; . • ' • � Upan p�yment in full of ull sums secured by this Security Instrument,Lender Fhall promptly refund to BoROwer any ;�,��t;,�;..>�,`��
<br /> ' ''�' � Funds held by l.ender. If,under paragraph 21.Lender xhull acyuire or sell the Prapeny.Lender,pnor to the acquisition or r': i , �,_
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<br /> sale of the Property, shall upply �y Funds he l d by Lcnder ut the time of acyui�ition or sale as n credi� s►Fainst the sums �«;:"'
<br /> ";�;''' 9 ," . ' secured by this Securiry Instrument. ''���`'+'' '
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<br /> �,.�.,;�, �,• � _ „ �� 3. Applicption of Paymenfs. Unless applicuble law prmides otherwise, ull puyment� received by Lender u�der ,
<br /> . , :� �� `� � paragrt�phs 1 and 2 shnll be npplied: f int.to •rny prepayment churges due under the Note;second,to arnounts payAbte under .:�,,:�r,.,<<?`..
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<br /> . � �� ;�5;�;,.},,, . , , paragraph 2;Ihird,to interest due;foutth,lo princ�pnl due;and lu.tit,to•rny late churges due under the Note. t.,'•r,__'
<br /> %�•.�s'•,:�,: • 4. Chuges: Llens. Borrawer tihall pay all taxes, assc.smen�s, churges, fines and imposiuons uttribut�ble to the ���'";�-==� .
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<br /> !i;;��,�',:,. ','.,, „ praperty which muy nnnin prioriry over this Securi�y[nstrument,and levsehold payments or ground renu,if un Borrower �•�� --
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<br /> �l��' " '' 'j�'" shall pay these obligations in thc mnnner provided in parugmph 2,ar if nut puid in thut manner.Borrower shall pay them on ��,,;�;k _
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<br /> , :,,�" • � j:a..:;', time directly lo the penon uwed payment. Borrower shall promptly fumish�o Lender all notices of amounls to be paid under '���d"°':��:•.
<br /> '� �Y>�t:`�7�'� this paragraph. If Bormwer mukes ttiese payments direcUy,Bonower sholl prompUy fumitih to Lender receipts evidencing �/wyi;'
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<br /> i . .4.;if�• . r" the payments. '�.. e_-
<br />' � �,� , Borrower�hull promptly discharge any lien which ha�priority over this Security Ins�rument unless Borrawer:(s►)agrces
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<br /> � in writing to the payment of the obligalion tiecurcd by the lien in a mwmer ucceptable to Lender,(b)contests in good fnith the 1'k�_
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<br /> lien b .or defends against enforcement of the lien in, legul proceedings which in the Lender's opinion opernte to prevent thn ���:°'=�
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<br /> � enforcement of the lien;or(c)secures from the holder uf the lien un agreement cutisfuctory lo Lender subordinating the ie ����,y__„_._
<br /> to this Secu�ity Instniment. IF Lender deiermines iha[uny part of the Property is subject to u lien which muy uttain prioriry ;;.'�;���;;�
<br /> ' ° . over this Securiry Instrument.Lcnde�moy give Barmwcr a notice idcntifying 1hc li�n. Barrower shall sadafy��he lien or take ;''�;�����,!!:?°
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<br /> one or more of thc actions sct forlh atwve within I Od�ys uf the giving of notir�. .;,i�;�•• ; •�'.
<br /> � 5. Ha�ard or Property lesurance. Borrower shull kcep thc improvement�now exis�ing or herea'J7cr erected on the ;5..;� � �;,
<br /> �i�, ' " prvperty insured ngainst loss by fire,h�zards included within the term"cxtended covcrage"und any other hazurds,including ; .�{•".'•`
<br /> � '''' � •�'t'�*�'S, floods or flouding, for which Lend�r requires insurance. Thi. insurance shall �maintained in the amounts ond for ttie �� � d��
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