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<br /> °:;�'���� �, TpGETt1ER WITH all the improveme�ts isow or hereeBer erected an the property,and all easementK.appurtenances,
<br /> ' and Oxtures now or hereafter a part of the propeRy. All replacementx and additionR shull ulsa be covercd by tbis Security
<br /> • �,� �nswment. All of the foregoing iti referred to in thia Seeurity Instrument as the"Property'�
<br /> " BORROWER COVENANTS thst Batrower is lawfully scised of Ihe estate hercby conveyed and hes the right to grunt
<br /> : � ..."� and convey the Property and thnt the Property is unen�umbered,except for encumbmnces of record. Borrower waRancs and _
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<br /> will defend gene�ally the title to thc PropeRY aBai�at ap claims and demands,subJect ta any encumbrances of record.
<br /> ��--••��� � � THIS SECURITY 1NSTRUMENT combi�es uniiortn covenants for nationnl use and non•uniform covenants with 61 c
<br /> n.. '� . . limited variations by jurisdiction to constitute a uniform securiry inx�rument covering rwl property. �_�=-- -
<br /> �'.;�� " UNIFORM COV�NANTS. Botrawer and Lender covenant nnd agrce as fallaws:
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<br /> --.��;, . 1. Payment oP Princips�l and Interest;Prepayment�nd Ls�te Charges. Borrower shall prompUy pay when due e
<br /> �4.Y principal of and interest on Ihe debt evidenced by the Note and Any prepayment and late charges due under the Note.
<br /> . .`.' _�'�`� �� > 2, Fbnds for 7bxes and lnaurance. Subject to applicable law or to o written waiver by Lerider.Barower shell pay ta
<br /> ���.�- �. •� Lender on the day monthly payments are due under the Nate,untll the Note is pnid in full,a sum 1"Funds")for.(a)yearly -
<br /> -- - „�Ea��'�� :.� ,� wxes and assessmcnts which may anain priority over this Security Instrument as a lien on the Property:(b)yearly leosehold �, !
<br /> •=��+-r ,•���•. : payments or gmund renta an the Propeny. If anY� ��1 Yearly hazard or property insurencc premiums; (d) yeprly tlaod
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<br /> - - - ' `��,��- • insprance premiums, if any; (e) yeariy martgage insurancc ptemiums, if any; and (� nny suma payable by orrower to
<br /> _��i'�' i�:`L.. Lender�in accordence with the provisions of parngruph 8, in lieu of the puyment of moRguge insurance premiums. Thexe
<br /> •,;�;;-- items sire called"Escrow Items.' Lender may,nt any time,collect m�d hold Funds in an nmount not to exceed the muxlmum
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<br /> .-.� umount u lender far u federully related mangage lonn may require for Borrower's escrow uccount under �he federu �a _
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<br /> '�� .�� '-'�' Eswte Senlement Pracedurex Act of 1974 as umended from time to time, 12 U.S.C.#2G01 e►seN•("RESPA">,unless nnother
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<br /> - luw that applics to the Funds setg a lexser Amaunt. If so,I.endcr muy,at uny lime.wllect and hold Funda in un umoun�no!to
<br /> = '`�?!=."��T�• cxceed the Icsser amount. L.ender muy e+�imate ihc amount af Funds duc on thc bnsia nf cument data und roaxons�ble _ _
<br /> - ',S:'� es�imatea af expenditures af fuwre E.ecrow I�emx��r othenvixe in accordunce with npplicable law. ___
<br /> • '''� � Thc Funds �hull be held in nn inslitution whoxe depoxitx arc insured by a fedcrAl ugency, inslnimentality, ur cntily v•--
<br /> •� �� •� (including Lender,if l.ender is such an inslitution)ur in any Fedcral Hame Loun Sunk. Lendcr whull upply Ihc Fund.r to puy �-N__
<br /> �Y'��� :�,� the E+crow Items. l.ender may nol charge BoRawer far holding and applying ihe Fund�, unnually unnlyr.ing Ihe escrow -----
<br /> � uccouul, or verifying the Escrow ItemK, unlesw Lender pnys BaROwer interest on the Flmdx and applicuble luw pern►its �
<br /> ��:� _ " I.ender to make such a chazge. However, Lender may rec�uire Barrower to puy u one-time charge for un independent rcnl �,,�..,
<br /> ,; ° eslale tux reporting service used by l.ender in connection wilh lhis loan,unless upplicablc Inw provides othenvise. Unle�s an ���
<br /> • •� � ' •� agrecment is mede or applicahle law requirew interest tu be paid,Lender shnll not be reyuired to pay Borrower any interest or
<br /> . , ,���, eumings on the Funds. Borrower and Lender muy ngree in writing,however,thuc interext shall be paid on thc Funds. Lendcr � _
<br /> ° .,x, , shall give to BoROwer,without charge,an nnnual accounting of the FLnds,showing credits und dabits to the Funds and the
<br /> �° " purpose for which each debit to the Funds was made. The Funds ure pledged as additional security for all sums secured by ___
<br /> �t� �'�._..=- w:_-� fhis Securiry lnstrument.
<br /> ^"µ�� ' �"' • if the Funds held by Lender exceed the amounts permiUed to i� I�Id bY apP��cable lav:, l.ender shtt!! ecr���nl to __
<br /> Borrower for the excess Funds in uccordance with the requirements of upplicable law. If the amount of the Funds held by -_
<br />� Lender at any time is not sufficient to pny the Escrow It�ms when due, Lender may so notify Borrower in writing,und,in ��
<br /> a' " tiuch case Borrower shnll pay to Lender the umount necessary to make up thc deficiency. Borrower �hull make up the
<br /> deficiency in no more th�n twelve monthly payments.at l.ender s sole discretian. -
<br /> �� • Upon puyment in full of ull sums xecured by this Security Instrument, Lender shAll prompUy refund to Borrower any �
<br /> ° ' Funds held by Lender. If,under paragrnph 21,Lender shall ucquire or sell the Propeny.Lender,prior to the acquisition or �
<br /> �� �� sale of the Piroperry,shatl apply nny Fundx held by Lender at the time of ucyuisition or sale as a credit against the sums __
<br /> ' �- secured by this Securiry Instrument.
<br /> ° �� . 3. Appllcation of Payments. Unlcsti upplicuble luw provides otherwise, all payments received by l.ender under � �
<br /> � " .� � purngraphs 1 und 2 shall be upplied: fint,to uny prepuyment ch:uges due under�he Nate;second,to umnunts pnynble under v_
<br /> pumgrnph 2:third,to interest due:founh,to principal due:su�d last,to uny late churges due under the Note. ��
<br /> � • 4. Char�es: Liens. Borrowcr xhull pay ull tnxes, ussessments, churgex, �nex and impositions attribwable to thc
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<br /> e ° property which may attain priority over this Secunry Instrument,und Ienschold puyments or ground rents, if uny. Barower , .`,
<br /> • •• shall pay these obligutions in the manncr providcd in parugruph 2,or if not paid in thut mnnner,Borrower�hnll pay ihem on
<br /> °� " time directly to the person owcd pnyment. Banower shall promptly fumish to Lendcr ull notices of umounts ta bc pAid under '-?"
<br /> i. � . � this puragraph. If Borrower mukes these puyments direcUy,Bormwer xhall prompUy Pumish to Lender receipts evidencing �
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<br /> ?� ° d , thepayments. °'�-_
<br /> ' Borrower shnll prompNy dischurge•rny licn which hur priarity over lhis Security Instrument unless Borrower:IA)ugrees �=
<br /> � "" ' in writing to the paymcnt of the obligution sccured by thc licn�n u manner ucccptublc�o Lcndcr:(b)contests in good fuith the �
<br /> • lien by,or defcnds uguinst cnforcemcnt�d'Ihe lien in,Icgul procceJings which in thr Lendcr's opinion opc:ratc to prevent the �__T^ .
<br /> � enforcement of the lien:or(c)secures frum the holder of the lien un agreeinent satisfartory to L e n d e r s ubordinating Ihe lien
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<br /> � � , to this 5ecurity Inswment. If Lender detennines thut uny part of the Propeny is xubjec�to a lien which mny attuin priority �"
<br /> � over this Security Instrument,Lenckr may give Borrower u notice iJentifyins the lien. Ronnwer shull satisfy the lien or tuke � .,
<br /> � • one or more of the aclions set forth utwve wi�hin II►days of Ihc giving of noticc.
<br /> . Hazsird or Pra erty Insurance. Borcawer shall kcep the improvrments now exi�ting or hereaf'ler erected on the � ',
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<br /> property insured ugninst loss by tirc,hsvard�inrluded wi�hin tlie tcrm 'extcnded ruvcruge"und any uthcr har.ards,including �
<br /> floods or tlooding, for which Lender reyuires insurancr. This insurunce shall ne muinluineJ in the umounts und for the f
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<br /> . . � Form 302R 9/9Y r/xrRr 2��Jb/uxrsl
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