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<br /> �__��� 9�4� 102SQ2 �
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<br /> � '� ""s' TUC�ETHER W(TH ull the im rovomenta naw or heneutter erected on the ra
<br /> ,��'�'�� und�ix ures now or hereatttir a pert of tha pmperty. All t+eplaccmonts and additplon�ba1l ulso be co ered b ptphi Secu y� �
<br /> - Inaqument. All of the foregofng is afernd ta in thls Securhy Inswmenc es the"Ptoperty." �
<br /> -- BORROWBR COVRNANTS that Bomower ie IawfY�py selsed of the esteta hereby conveyed aud has tbe dght w grant �
<br /> nnd convay the Anperty and that the Property ie uneacumbered.oxcept for eACUmbtartces of c�ecord. Bonewer wariants aad
<br /> ' will defend generaUy tho title W the Pro,peny against all claima and demandr., subJect to any encumbrances of record. i r__
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<br /> ' THIS SL'CURITY INSTRUMENT combiaes uniform covenants for aadonal use and non-un�fornt coveaunta wIth i
<br /> z� llmited vaciadons by jwisdlctlon to constitute a wiiform securIty instrument covering real pmperty.
<br />_ � UNIFORM COVENANTS. Borrow�r and L.ender covenaat and age+Ge as followa: i
<br /> , 1. Payd�eat of Prindjwl and Interess�Prepayment end I.ate Chargea. 9oirower shall promptly pay when due the I
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<br /> princlpal of und Interest on tha debt evidenced by the Note aad any prepayawnt end lete charges due under the Note.
<br /> � . . . »,',�� 2. Funds far 1lazes and Iasurance, Subject t�applicable law or to a written waiver by Lender,Borrower ahall pay to
<br /> ' J =t`°"''•�• ` Lender on the day monthly payments are duc under tho Noto.unN!tho Note fa paid in fall,a swn("Funds")for.(a)ycarly
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<br /> -- ,�,{,� tsxes�ad as�essments�ahlch may ausEn prEoritp over thfe Securlty Iasaument es a liea on the Property;(h)YP.arly le�Fehold _ _
<br /> �`��.:��=••�"-� = a ments or d rents on the Pro d) yearly flood
<br /> �•:��•,�:,,,.�;:,k p Y g�nun perti', jf any� (c)Yearly hezard or property Inaurance premiums: ( --
<br /> ;,�:,.:,<:, :.�.::. jnaucance premiums,if any: (e) Yearly mortgage iasu�ance premiums. if any;and(�any suma payable by Borrower to
<br /> � rr�•� �•. �h• • •�:•�: L�nder.In acco[dance with the provletons of paragreph 8. in lieu of th�payment of mortgage insurance premiums. Those
<br /> ' ,:'7' • " '"� items are caUed"Escmw Items:' Lender may,at any time.collect and hold I�Unds in an amount aot to exceed the meximum —
<br /> ,�'��``• °°'� :::r z aatount a lender for a federaUy related mortgage ban may mgutre for Borrower's escrow account under the federal Real —
<br /> ' ' Estate Settleanent Prncedures Act of 1974 ax amende�l from dme to dme. 12 U.S.C.�2601 et seq.("RESPA"),unless another �
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<br /> `�� � '. :��:......::.' !aw that applies to the Funds sets a lesser amount. If so,Lender may.at any tIme.collect end hold Ptmds ln an amouat not to �y�
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<br /> exceed the lesser amoun� Lender may estimate the amount of Funds dae on the basis of current data end reasonable ���:.;=:_._
<br /> ,�:�;:
<br /> � estimates of expenditures of future Escrow Items orotherwise in accordance wlth applicable law. � . .,_
<br /> � � The Funds shall be held in an insdtution whuse deposlts are insured by a federal agency, Instrumentality, or endty • ,;,,�t_`
<br /> !� ' � (includIng Lender,if Lender is such an insUtudon)a in any Federal Home L_oan Hanic. I.ender ehall apply the Funds to pay --
<br /> ' che Escrow Items. Lender may not charge Borrower for holdins and applying the Ftinds,annually analyzin6 the escrow ' �;
<br /> , � accaunt, or verlfying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permits -:'�;,(��,
<br /> ' � Lender to meke such a char�e. However,Lender may require Bocrower to pay a one-tlme charge for an independent resl , _
<br /> estate tex rep�rdng service used by I.ender in connection with this loan,unless applicable law provIdes othenvise. Unless an , �
<br /> agrecment is madc or applicable law requires interest to be paid,L.ender shall not be required to pay Borrower any interest or
<br /> earnin�s on the Fl►nds. Borrower and Lender may egree in wrlting.howevcr. thet interest ahall bc paid on the Funds. Lender "
<br /> , � " shall glve to Borrower,without charge. an annual accounting of the Funds,showjng credits and debits to the Funds end the �' • •
<br /> � pur4wse for which each debit to the Funds was made. The Funds are pledged es additional securlty for all sums secured by =_ °
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<br /> thts Secudty Insuument. : �
<br /> If the Aunds hcld by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to
<br /> . Borruwer for the excess Funds In accordance with the requirements of applicable law. If the amount of the Funds held by
<br /> � I.endcr at any time Is not sufficlent to pay the Escrow Items when due. l.ender may so notify Borrowar In wridn�,and,in '
<br /> such case Borrower shnll pay to Lender the amount nccessary to make up the deficicncy. Borrowcr shall meke up the
<br /> ' deficiency!n no more than twelve monthly payments,at Lender's sole dlscretion. =r�
<br /> � Upon payment!n full of all sums secured by�his Secudty Instrument, Lender shall promptly mfund to BoROwer any
<br /> Ehnds held by I.ender. If,under parngraph 21,Lender shnll acquire ar scli the Properry,Lender,prlor to the acquisition or -`
<br /> . sale of the Property.shaU apply any Funds hcld by Lender at the time of acquisition or sale as a credlt against the sums -
<br /> • ' secured by this Security Instrument. �r�`
<br /> . 3. Applicatton of Payments. Un�ess applicable luw provides otherwise. nll payments received by Lender under ,
<br /> � parngraphs 1 and 2 shall be upplied:first,t�any prcpayment charges due under the Note;second,to amounts payable under
<br /> paragraph 2•third,to interest due;fourth,to principal due;und last,to eny lete char�es due under the Note. ,
<br /> , 4. Charges; Ltens. Borrower shall pny all taaes. acsessments. chaugcs, fines and imposltions attributable to the '�
<br /> Property which muy nttain priority over this Security Instrument,and leasehold payments or ground rents,if any. Borrawer � '��
<br /> � shall pay these obli�ations in the mnnner provided in pam�rnph 2,or if nat paid in that manner,Borrower shall pay them on v
<br /> " „ ,, timc dir�eCtly to the per�on owcd payment. Borrowcr shall promptly fumitih to I.endcr all nutices of amonnts to bc paid under
<br /> , , � this parngraph. If Borrower makes these payments di rectly,Borrawer shall promptly fumish to Lender receipts evidencing
<br /> , ' the payments,
<br /> Botrower shull promptly dischsuge any lien which has ptiority over this Sccurity Instrument untess Bonower:(a)a�rees •
<br /> � in writing to thc payment of the obligution secured by the tien in a munncr acceptable to Lender;(b)contests in good faith the
<br /> • licn by,ar dcfends aguinst enforcement af the licn in, legul procecdings whi�h in thc L.ender's opinion operatc to prevent the
<br /> ' enforcement of the licn:or(c)xecures from the holder of thc lien un agrecment sutisfuctory to Lendcr subordinating ihe lien ;
<br /> ' to this Security Instrument. lf Lendcr detcrmines thut uny part of thc Property i� subjcct to u licn which muy attnin priority
<br /> . ovet this Security Inswment,Lender may givc Borrowcr u notice identifying ihc licn. Borrower tihall suti�fy the lien or take
<br /> one or more of the ucdons set forth ubove within IQds►ysof the givinF of notice.
<br /> � 5. Hazard or Property Insurence. Horcoe•cr xhull keep thc improvemcnts nuw•:xi,ting or hercaftcr emcted on thc
<br /> � Property insured against loss by fire,hua.urcis included within the tenn"extendeJ ccwerage"und any other h:�ards,including
<br /> ' floads or flaoding, for which Lcnder rcyuim+ insuruncc. This in�urunre st�all br m�intuined in thc amounts and for thc
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<br /> Form 3o2R v/v0 rp��X�z.,Jn pnx�c� !
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