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<br /> . � ���� � 91- 102889
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<br /> ',��:4 � TO(i�7'HBR WiTH dl�he improve�aenu raw or he�eafter eroctad on tha propertY� md�ll eacemenu.+�pP�rte�°°�+. ad
<br /> � fixwt�a aow or I�eteafter a put af tho PropertS'. All rcpU�cement� and Additian� �hall also 60 oovaod by thb Secutity = _
<br /> �.�' lu�wment. All of 1ho tore�oio�ia refemed to in thie Socudty Insteument wr tha 'Propaty.•
<br /> BORROWER COVBNANTS thw Borrower ia lawfully�oi�ed af the eslate hcrcby convcyed�d hs�the right to�rant and
<br /> ., ;t: �,, convey the Froperty snd that the PropertY ir uneacumberat.exc�pt far encumbranccr of raord. &+rrower wArranta and will
<br /> defend�enerally the titlo w tho PropeKY��nat�II claiims ttnd dernonda,subject ta any encombrances of rocord.
<br /> b �.• THi3 SECURITY INSTEtUMBNT cambines uniforni cove�wnta far natlonal uce and non-uniform oovenants with Umkod
<br /> . � i" vari�tian�by jurisdietion to constitute a uniPorm sccu�ity in�lrument eovcring real pmperty. �__ ----.
<br /> UN[FORM COVENANT5.Borrower ond l.�der covenwnt and agroe as fblluws: W�n due Iho
<br /> " ��.�,�: 1.P�ymmt ot 1Mndps�l aad Inta'srti �pY�t a�d l.pte Ct�ea. Barrower shall pmmppY W�Y
<br /> -_-_�'�`-"�', rinci af and inte►cst on the debt evidenood by the Note and any pnpaymeot and Iwe charges due under the Note. _
<br /> :�:_ . .._�. P P�
<br /> =h:;: Z��lu��pr Taxes pnd �naut�na. Subject ta applicable lew or ta w written wuiver by L.ender. Borrower shall pay to
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<br /> �,,,„ �. y,,,,�,� ; k�po�e d�y monthly py�ycnenis are due under tho Note,until the Nate is puid in tLll,a sum('Funds')far:(a)year y taxes .,r�.-..�
<br />,....___ _ �••, it over this Securit [asttuaxat as a lien on the P�tipecty:(b)Ycatly Ic�schold;paymenta �__-_____.------
<br /> � �� � �
<br /> �wd asses�oaeats which m�X akpdn prior Y y miva�.s:(dtT Y�Y��insuraace pcexnRUaas. �
<br /> �S��.�'.�.,•_,�,,.,,. insuran��e
<br /> — r � � �g�d rents c��c Prope�ty,if aoy:(c)Yearly hazacd or propen� P� _ __
<br /> """_..� �__r :� if an .(e)Yeu#�r mort8���promiurng.if any:and(fl amy sums pR�abje by Qvr►vwer tu Lend�et.in u�ro+daucc with
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<br /> p;;�c, .•....�: ,: tAe provisivax of puagraph 8. ia lieu of the p�ymeat of mwrtgage iasu�swce p�emiva►g.These itemt aue calto�"Escrow ce�. _ -----
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<br /> _ .;��': .y�.'?'f�'r. •. Lreader may. at aqy time. o�aliect aM hald �unds in an amouM aot w exoe�d the mveiawm amount a lend�er far a fodenC�g
<br /> :�:._."��;¢�� . lAted aa�t e loa1�maY require for Borrower's escrow�000un�under tAe federal Real Estate Settiement Pmcvdures Aci of �..�.._
<br /> ',� ,�, �a�t ne B�B — .,.�
<br /> �v��'x�';,;� 1q7�ac a�ded fromtime to time. 12 U.S.C.SOCtion 2601 er seq. ('RF.SPA"1. unless another law that applies to the Funds ,�
<br /> ,•=� •:`�!'���,,fr;:��...:� sets a Iesser amaunt. �f so. I.ender may. at aay tirne. rnitecc and haid Furwb in an a�►ount not eo exc�eed the lesscr am�wm. �;i,'`••,.!•-
<br /> --=-t.�,s�%;�ii'-;t,f'�'r:;�;' Y,¢nder ma►y eszia�wac tAe amount uf Funds due oa the basis of cument d�aad rea9oo�blc estimetcy of oxpenditums of fudua , , . _
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<br /> �,f�, � Esc��w lt��r pthcr��:ce in aeccxdance with applicable laa. � $ ;;
<br /> �;u`������-:��^.''.�'"�' � .�u� �1� �t�t iv�s�n institution whose ia�are insured b � fe�� agency. instrumenwli.ry. ur eatiry .._..,s.';.;__-
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<br />��_ '''? r^��?i:;`�':y`� . .. (includiog L,ender,if Lender is such an institution) or in an��Fac�t:al Home I.oau Baai�. �rnder shall apply thc Fu�la to pay the G�:'i:;%:��::
<br /> ;:°•?��'r: •�+�,t•fr-:� Escrow Items. I.ender may not charge Bornawer for holdia�a�u'upplyiag the Funds,annuully anelyzing the escrow A�cvunt,or �_-.:.:�...: -
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<br /> -� '•� , verifylog the Escrow Items,unless l.ender pays Borrower idtere�.on t�e l�aads and applicablc law permits Lcnder ta make such �:���_.
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<br /> ;,�_:. �-.� . � • a charge. However,Lender may requirc Borrawer to pay a oee-ti�ne cTnarge for an independent neul estate tax repohing scrvice �-�.^
<br /> "'•�� •�.'•� •� � used by Lender in conneclion with this loan. unless applicablc �aw Pravides othenvise. Unless nn agrexment is made ur —W=�.
<br />�":;��� n�"���°,� • ` ' applicable law r�equir�es intercst to be paid. Lender shall rat be�cquired to pay Barrower eny interest or cumings an 1hc Funds. h , r;�:�,-.�
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<br /> :;;.,�r�.: ,,,.,�;'���.`, , HOrrowe�and Lendcr may agree in writing,howevcr. that intcrest 4hall bc paid on 1he Funds. Lcndcr r�hall givc ta Borrowcr, ,_
<br /> ° - - without chargc, an annual accounting ol tha Funcis,shuwing crcv1k�and dcbits to the Fumis and tl�c �i�� P�r which cach __- �1 , _
<br /> :°�'4:r;,,'.�`. ` debit ta[he Funds was made. The Funds are pledgod as additionol rxcurity for ull sums r,ecurcd by�hix Sccu�ity Instrument. �..�-�-
<br /> � If the Funds held by l.ender exceeil the amouMs permitted to be hcld by applicabl�law.l.cndcr shall acrnunt lo Burrower —.4r��;;S.!�:
<br /> ' ' ,; for the excess Funds in accordnncc with the requirements of upplicable luw. If thc nmaunt of the Funds held by I.endcr at any f,;�_
<br /> + � ".'•� • �, time is not sufficient to pay the Escrow Itcros whcn due,Lcnder muy iso notify Born�wer in writing,sud.in such catie&�rrowcr ��'3�� "`_
<br /> t;;`; ;:�.::;, . ., shall pay ta I.endcr the wriouat neccssary to makc up the deficiency. Borrower shall mukc up thc dei"iciency in no�nore ttwn =. --
<br /> � � .�J'+ ' twelve manthlY p�yments,at l.endcr's u►Ic discrction. :�r�=���==
<br /> ;'J �°r �.�.:,;, • Upon payment in full af all sums xcurcd by this Security Instrument, l.ender sFwll promptly retund to Bortower any ;�.�_
<br /> � � `•�`��''•'�''�� Funds held by I.endcr,lf,under paragraph 2�.l.cncicr shall Acquirc ur�cll thc Propcny,l.�:ndcr,prior to the xquisitia�or sale •�a:�----_-�-.
<br /> -'��:, �`•' '. of the Property. stiaU apply any Funds held by l.ender at the time of s+oquisitinn�r sale as u credit against the sums xecured by •..�,�,.,,_._,_
<br /> • . , this Security Insuumcnt. , •.
<br />_ • : , • � 3. Appllextbn ot Payments•Unless upplic�ble law pmvidcs atherwise.a11 p•rymr.MS rcccivcd by Lender under paragraphs r
<br /> f ;:;:<u;;; . •,'� 1 and 2 sha116e applied: tirst,to any prepayment charges duc under the Note: second.�o urr�nunts payable under pamgrnph 2; ;��„��_
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<br /> � :'• '��i��'4���::��� third,to intercst due;Poutth, to principal duc;und latit,to uny lute churgcs due undcr the Nc�tc.
<br />_ . ' •`'�'."i'y�;;�ti:,�''• ,�•.,1::4, -.
<br /> 4. ClwrRes;Liens. Borrower shall puy ull taxcs, ussessments, charges,tincs uncl impc�xitionx attributable to the Property ���.:,,�. Fi>�;-�
<br />'-�.��' .,t, , , : PaY ?�f.k"�.�'1�!':�`.."
<br /> ' •° .• • • whlch may attain priority over this Sccurity Instrument, :u�d Ica.4ehold pnyments or�mund rents, if any. Borruwer shall
<br /> '�+r�,.�� ',,,• . . .. _
<br /> , these obligations in the manner providcd in p•rragroph 2.��r if not paid in that munncr, Born�wcr shall pry them on time directly �.��- _-
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<br /> • +5 � •� � �p�he person ovved payment. Aorrowcr shall pramptly furnish ta I.endcr all naticex of imxiunts to be paiJ undcr this paragraph. �.cnNY ` .
<br /> • if Borrowcr makcs these payments dircctly, Barmwcr:ziwll pn�mptly furnlsh to l.endcr rcccipts evidencing thc payntcnts. �;�,z;..;.m,_
<br /> .t • sc:.:-_
<br /> � . . Borrower shall promptly discharge sury Iien which has priariry�we�this S�YUrity lnxtrument unless Barrowcr:(u)agrees in ,,,,�; _-;^.
<br /> ' '� , • writing to the puyment of the obligation k'cured by thc lien in a nu�nner acceptable to Lender;Ib)contests in good faith the lien �i"
<br /> . .' by. or defends against enfarcement of the licn in. I�g•rl proccedings which in the Lendcr's opinion operate to prcvent the �e
<br /> enforcement of the lien: or(c)ticcurcs frum the holdcr uP the lien un ugrecrnent wtisl'uctory to l..:nder subordinuting�he lien to �rt: �
<br /> � thls Security Instrument. lf l.endcr dcterminex�h�t uny pan ot'�he Pn►pcny i�subj�tit to a licn which may attain priority over ,
<br /> . this Security Instrumcnt. Lcnder may givc Born>wcr u noticc idcntifying thc licn. &�rrower.hull wti�l'y�hc licn or Wcc one or
<br /> more of 1he uctioas set YonA above within 10 duys nl'[hc giving uf naicc. �-
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