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<br /> � r� � , t-�i TO(iETHERWITH ail tbe improvementsnow or b�r�ftcrc;rectr,�lun thc propccty,and�II w�emcat��appurtCnanscs,aad ��
<br /> -+ fudures now an c�reafter� part of the property. All replacements and additioas shall al�o Ix: eovcred by tbis Security
<br /> •* " " � lastrument.All of the forcgoiag is rcfcrred ta ia this Security Instrumept us the"Property.'
<br /> ' i30I:�OtV�JaC'OVENAN�'5that FSorr�w+cr ic lawi'ully seiscd of thc cstatc hcrcby ronvi:yc�!and has tha right ta grant and _ ___
<br /> �" ' �� convey the Property aad that the Property is unencwnM:rcd,exccpt for cacumbranccsof rc;wrd. Bo�rawer w�rraata aad wiQ ��
<br /> . 1 dcfend qenerally the tidc to thc Property agaiast all claims aad demands,subject to any encumbranccs of rerord. �____u��
<br /> THIS SECURITYINSTR'tJMENTcombincs uaiform covcnants for national usc and noa•uaifnrm covcaYats with lunitcd -
<br /> • varlations by jurisdiction to constltute a uniform security Instrwnent covcriag real property.
<br /> :,�,,: ' , UNIF'ORMCOVENAN'I'S.BonowcraadLendercoveaantaadagrecasfopows: -�-
<br /> '�'•`• . ' � 1. Pny�aent of Pr(ncipW ana latsrect; Prepayment and I.�te ChnrQes. Bonowcr sball promptly pay whcn due thc
<br /> �" privaipal of and interest oa the dcbt evidcnced by t6e Note and any prepayment aad latc cbarges duc under thc Notc. �°-• -
<br />' `�'�i'� 2. Funds for TAxes aad lasuraace.Subjed to appl�cable law or to a written waiver by Lcndcr,Borrowcr shall pay to �`-='
<br /> _�_ • Lcaderon the day monthly paymeats are duc uader the Note,uatil the Notc is paid in full,a sum("FunJs') for: (a)yearly taxcs �_ _=_�
<br /> _¢.
<br /> � " and assessmentswl�ich may attain priority over tbis Security[astrumentas a Gen on thc Property;(b)yearly Icasc:6uld paya�cnts
<br /> ..-_ or ground reats on the Property,if aay;(c)yearly ha�ard or praperty insurance prcmiums;(d)yearly floai insu�aa��epremiums, �: _._.'_
<br /> .;,••= if any, (e)ycarly mortgage iasurancc prcmiums,if any, and(�any sums payablc by Bonower to Leader,in accordaacewith
<br /> . the rovisions of ara a h8, ia Geu of the payment of mortgagc iasurance premiums.ThCSe itCws an:called'L'scrow Iicros' � .-=,
<br /> �. . :! P P Br P =_ .,
<br /> j L.ender may, at any timc, coUect and hold Funds in an amount aot to excecd the maximum amaunt a lender for a federally
<br />• �� rclatcd mortgagc loan may rcquire far Borrower's escrow account undcr the fedcral Real EstateSetdement ProccduresAct of -,----
<br /> 1974 as amcadedfrom time to timc, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless anotherlaw that appl:es to the Funds `�_='
<br /> , sc�s a lesser amount.[f so, Lendcr may, at any time,coUcct aad hold Funds in an amount not to cxceed the lesscr araouat. -�--;
<br /> Lender may esumate the amount of Funds due un the basis of current data aad reasonable estimatcs of expcaditures uf futurc ���.�_j•.
<br /> F.scrow Itcros or othcrwisc in accordaace with applicable law. �4 y
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<br /> Thc Funds shall bc held in an institution whosc deposits arc iusured by a fedcral agency, instrumcatality, or entity �v�=
<br /> (including Lender,if Lcnderis such an instiWtion)or in any Fcderal HomcLoan Bank.Lendershall apply thc Funds to pay thc E`-__:
<br /> Escrow Items.Lender may aot charge Bonower for holding and applying the FundS,annually analyting the escrow account,or ��
<br /> verifying the Escrow Items,ualess Lendar pays Borrower iaterest on the Funds and applicable law permits[.eaderto make such ��„,�:_
<br /> a charge. Howeve�,Lender may rcquire Boaower to pay a one-time charge for an independentreal estate twc reporting service r'
<br /> �" '':-;::
<br /> � used by Lender in connection with this loan, unless appGcablc Iaw provides otherwise. Unless an agreement is made or �r
<br /> �pp4icablclae�requirtsinleresi to be pai�l,l.rn�lcr�hall n�t hc�rec�uiredto�ay Borrowerany intcrestor earningson the Funds. (e.�.���;'=
<br /> Borrower and l.ender may agrec in vrritiag, however,that interest shall be paid on thc Funds. Lender sha�l give to Borrower, !'
<br /> . i without chargc,an annual accounting of tl�c Funds,showing crcdits and dcbits ta t6c Funds and the purposc for which each �,,,,,,,,.
<br /> ' dcbit to the Funds was madc.The Funds are pledged as additional security for aU sums sccurcd by this Seowity Instrument. ` "' '
<br /> i
<br /> . - j If thc Funds held hy Lenderexceed the amountspermittedto bc held by applicable law, Lc:ndershall account to Bonower _
<br /> j for the excess Funds in accordance with the requirementsof applicable law. Ii thc amount of the Funds held by Lcader at any :�:
<br /> i � ��;M1"
<br /> ' time is not xufficicnt to pay the Escrow Itemswhen due,Lendermay so notify Borrowerin writing, aad,in such case Bonower C :
<br /> shall pay to Lcndcr the amount necessary to make up the deficienry. Borrower shall make up the deGciency in no more tban �--=.:�
<br /> ' i twclvc munthly paymen4s,at I.cndcr's solc discrction. ', ^
<br /> ` � Upon payment in full of all sums securcd by this Security Instrument,L.ender shall pmmpdy refund to Borrower any �
<br /> �•� Funds hcld by Lcndcr.[f, undcr parugraph2l. L�:ndcrshaU acyuirc or�cll thc Pru}x:rty.l.cndcr,prior to thc acquisition or sale i �
<br /> � of the Property,shaU apply any Funds hcid by Lender at the time:of acquisition or sale as a credit against the sums secured by �
<br /> thu Sccurity Instrument. :
<br /> � • 3.Applic:ition o[Payments.Unleti,applicahlclaw providcs uthcnvisc,all paymcntsreccivcdby Lcnderunderparagraphs �
<br /> � � t and 2 shall bc applicd:first, to any prcpaymcnt churgcs duc undcr thc Nolc;sccond, to amounts payable undcr paragraph2; ',.
<br /> third,to intcrest duc;fourth,to principal duc;;�nd latit,tu any latc chargcs duc undcr thc Notc. (; �� '�"
<br /> ' '' 4. Ctuirges: I.iens. Borrower shall pay all t:ixcs,asscssmcnts,charges,fincs and impositions attributable to thc Property � � +�:. .:
<br /> which ma attain riorit ovcr lhis Sccurit Instrumcnt.and leasehold a ents or round rents, if an . Borrowcr shall a : �'�"
<br /> Y' P Y Y P'Y� B Y P"Y
<br /> these obligations in Ihc manncr providcd in psragraphl, or i!not paid in that manncr,Borrowershall pay them on timc direcdy ,' '
<br /> to thc�x:rson owcd paymcnt.Borrowcrshall prompdy turnish t��Lcndcr aU noticcs of amountsto bc paid under this paragaph. � ,�,_.
<br /> If Borrower makes these payment�dircctly,Borrowcr shall promptly furnish to Lr.ndcr reccipts cvidencing the payments. � ' �
<br /> � Borrowcrshall promptly disch:�rge any lien which has priority ovcr this 5erurity Instrumentunless Borrower:(a):+grees in •
<br /> � • writing to the payment of the obligatiun sccured hy thc licn in s manncracceptableto Lcnder;(b)contests in good faith the lien
<br /> � by, or defends against enfarcement af the lien in, Icgal procecdings which in the Landei s upinion operatc to prevent the
<br /> � enforcementof thc licn;or(c)sccures from the holder oF thc licn an agreemcntsatislactory to l.ender subordinatingthc lien to
<br /> ( � � ,• � this Sccurity InstrumcnL If Lcnder determincsthat any part of the Property is subject to a lien which may attain priority ovcr
<br /> � � ;J;:;�'., . � this Sccuriry Instrumcat,Lcnder may give Borrower a noticc idcntifying thc licn. Bonowcr shaU satisfy the lien or tal�c unc or
<br /> ''j,t more af the actions set farth above within IU days of the giving of notice.
<br /> �' x , j Form 302� 9190
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