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<br /> 94- 100944
<br /> TQCyB'CHER WfTlf�II the imprnvoma►ts nciw or hereaftec erocted an the p►operty.ond�Il escementr.W�purten+►ncca�
<br /> �ad fixtw�et now or fKreafter a p�ct of the pronaty. All rcpl�cemeatc and addidons aiull also be covered by thl�Secucity
<br /> IntpumenG All of the fa+e�oin�is referted to in this SecuritY Iniwment m the"Propaty"
<br /> BORROYV�R COVEIVAN'I'S that Bo�rowu is IAwfully netsed of the estnte hereby conveyad and h�s thc daht w Qranc
<br /> tmd convey the Property+u�d that►he Pr'oPectS'is unencumberod,except for encumbrancei of roccxd. Barrorrer w�u uid
<br /> wlll defend�ener�lly the tlde to the PropeaY�ainst dl cldm�u�d derr�nd�,subJxt to any encumi+ances af rocord.
<br /> THIS SECURITY lNSTRUMENT combinea unifam co�enAnts fa natlonal ucc and non-uniform cove�w�u with
<br /> _ �—_- - ---_' limfted wui�dons by jurisdktion w conaUt►ete a uniform raurity iiutrunxnt cuvcrin�tcal ptoperty. --
<br /> UNIFORM COV6NANTS. Bormwer u�d l.ender coven�nt atd a�ree w►fnllows: � � W���
<br /> 1. P�ya�ntt of Pr4�cipd Nnd Iqterali Prep�yraeat aod I.�k Cha�Nt. 8arrtawer chall m Y P+�Y
<br /> princi nf w►d intercst on tho deht cvidcnced by tho N�cc wK1 w�Y�P�Y�nt�nd Iwte chyr�cn due undcr tt►c Nute.
<br /> � I�nd�tor'Iti��ad I�rursnre. SubJext ta rpplic+�ble I�w or to a w�ittcn waiver by L�cnder.Bnm�wcr�w1�ppY to
<br /> Lender un the d�y mw►thly PuYmentx arc duc undcr the NcKc,untU thc Nute i�pwfd in fult,u xum("Funds")fix:tA)ycarly
<br /> t�+xcs und a�►exxmenty which riwy rttain pri�xiry over thi�Sccu�ity Insuument wr,�Iicn un thc Pruperty�(b)Y���Y��ho1d
<br /> pwymcnts ix�nwnd rentr on thc Property, iC any� (c) YeLrly huard or pn�pecty incurwue premiums: (d) Ye�rly flci«I
<br /> incunnce pemiumK,if w►y: (e) yeurly mort�age insurance prcmtuma, if Kny; und (�uny sums pwyable by Barower ta
<br /> I.endcr.in accordancc wltt►the provisians of par�graph 8,in lieu of thc paymcnt oi murtgage insu�nce premiums. Thcsc
<br /> items�c�lled"Bscrow Items." Lender may.at�ny time,colloct and hold Fund.in an nmcwnt not ro�xceed the meximum
<br /> antount x Itnder for a fedcrally related mortgAgc loan muy t'equir�c for Bocrowcr�: escrow account undcr the fedcral Real
<br /> Estate Setdement Procedurcs Act of 1974 as amended from tlme to time. 12 U.S.C.�2601 et seq.("RFSPA"),unless anotlxr
<br /> � low that applies to the�nds sets a lesser amount. lf so,Lender muy,at anY time.copact and hoid Funds in an amount not to
<br /> exceed thc Icsser umount. Lender may csdmatc the iunount of Punds duc on thc bacis of cwi+ent dsup a�d raason�ble �
<br /> estimates�f expenditures of future Bscrow Itenis or otherwise in accordance with applicabie law.
<br /> �. ,�, *,.. The Funds shall be held in an institudon whose deposits are insured by a federal agency, Insuumentality. or ent�ty
<br /> p�,;,;..j4:;,.'„i,;�:;. (including Lender,if Lender is such an insdtution)or in any Federel Home Loan Bank• 1-ender shall apply the F�nds to pay
<br /> i�'�_' the Escrow Items. Lender may not charge Borcower for holding and applytng the Funds, annually analyzing the escrow
<br /> , � ,Yr�,`~,; :;.1 ;: account, or veritying the Escrow Items, unless l.ender puys Borrower interest on the Funds and applicable law permits
<br /> �u,, � Lender t��nake such u charge. However,Gender may require Botrower to pay u one-time charge for an independent real
<br /> "':���� ah estau tax reporting service used by Lender in connection with this loan,unless applicuble luw prov�des otherwise. Unless ain
<br /> .���'��?'��;�"� agretment js made or applicablc law requims interest to be paid.I.cndcr shull not be required to pay Borrower any interest or
<br /> • ���� -�,'���;'�l�.��4�p i. eamings on the Funds. Borrower and L.ender muy ugret in writing.however,dtat interest shall be paid on the Funds. i.ender
<br /> a�„•.:.�;;��y�, . shall give to Borrower, without charge, an annuul accountfng of�he Funds.showing credits and debits to the Funds and the
<br /> •�• : a purpose for which each debit to die Fbnds was mnde. The FUnds are pledged as addiuonal secudty for all sums securcd by R
<br /> ��,:,:itw ' � this Security Instrucnent.
<br /> ``;�ti�•7:. �.�''� If the Funds held by Lender exceed the umoun�s permiiied tu tr� held !sy appficable Isti�. Lender shell account to
<br /> Borcower for the exccss Funds in accordancc with thc reqwmments oP applicable law. If the amount of the Funds hcld by
<br /> Lender at any time is not sufficicnt to puy the Escrow Items wt�en due.C.ender may sa notify Borrower in writing,and,in
<br /> � •�;;�':_, , such case Bormwer shall pay to Lender the amount necessary to make up die deficiency. Bocrower shull make up the
<br /> `���� deficicncy in no more ch:►n twelve monthly payments,ut Lender's sole discirtion.
<br /> ,,, , , Upon payment in full of s►11�ums secured by this Security Instrument,Lender shall promptly mfund to Borrower smy
<br /> " ' Funds hcld by Lender. If,under parograph 21.Lender shall acquim or sell the Property,Lender, prior to the acquisition or _
<br /> � sule of thc Property,shull apply any Funds held by Lender rt the time of ucquisition or ssle as u credit against the sums
<br /> 1'• ' securcd by this Sccurity Instroment.
<br /> • " .a°°--- 3. Application ot Payments. Unlcys upplicablc luw provides othcrwisc, all payments received by Lender under
<br />"-;"• • ���, paragraphs t und 2 shall be upplied: first,w uny prcpuyment chargc�due under the Note;sccond,to umounts payuble under
<br /> �• • paragraph 2;third.to intcrest duc:founh,to principal duc;and last.to any latc chargc�duc under thc Note.
<br /> 4. Charges; Liens. Borrowcr shall puy all taxes, assessmcnts,chnrges, fines and impositions attributablc to thc
<br /> •• • � Property which may uttain priority over thic Security instrument,and leusehold payments or ground rents,if any. Borrower
<br /> shall pay these obligation�in the manncr provided in paragraph 2,or if not paid in thut manner.Borrowcr shall pay them on
<br /> ' time dincctly to the pcnon owed paymcnt. Borrowcr shall pramptly fumish to Lcnder ull notices of umounts to be paid under
<br /> � this paragraph. If Borrower makes these payment�directly,Borrower shull promptly furnish ta Lender receipts evidencing
<br /> . the puyment,.
<br /> Bortower shall promptly diseharge any lien which hax pricmty over this Securiry Instn�ment unless Borrower:(a)ugrees
<br /> in wrtting to the payment of the obligatian�ecurcd hy the lien in a m;►nner ucceptable to Lender.(b)contests in good fuith the
<br /> ;;���'•:'•'f � lien by,or da:fend:;ugainst cnforcement of thc licn in,lrgal proccedings which in thc Lendcr's opinion operute to prcvent thc
<br /> • +� ��' �'•,�';,; enforcement of the lien:or(c)secures fmm the holder of the lien an agreement satisfactory t�+ Lender subordinating the lien
<br /> �""�, •.,rr' •. _
<br /> ,.,R. •• ' to this Securiry Inswmcnt. If l.endcr detcm�ines thut any pact of the Pn�percy is subject to a licn which may attnin priority
<br /> �, w �. .6 over this Security Instrument.Lender muy give HoTOwer a nutice identifying tiie lien. Burcuwer shull satisfy the lien or Wce
<br /> .��'- one or morc af the actions set fonh above within 1l1 duys of the giving of noticc.
<br /> �S, 5. Haznrd or Property Insurance. Borrowcr shull kcep thc improvrment�nnw exixting ur hercaRcr erected on the _
<br /> ��� t • Property insumd against loss by flrc,h:�vni�in�lude�within thc tcrtn"extendcd cuveragc"und any othcr hurards,including :
<br /> floods or flooding,for which Lender n:yuires insuruncc. Thi, in.urancc shall br maintuined in the amounts and for the
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