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<br /> � T0C36THER WITH ull the improvements now ur heneufter crccted an the property,nnd ull casements,uppuacnunceti, ,,,:'„"�;�:.:�r_
<br /> and fixtures now or hereafter a pan of the pmperty. All replacements and additlons shull nl�o bc mvered by this Security W�T,'._-,._:___
<br /> Inswment. All of the foregoing Is referred to in this Securlry Instrument as ihe"Prapeny." • •"^'':�:'7�"""��a:-
<br /> BORROWER COVENANT5 that Borrower is lawfully seiRed at the estate hereby canveycd und hos thc r:ght to grant � '�•�'�j;�'..
<br /> and convey the Properry and that the Property is uneneumbered,except for encumbrunces of rccord. Rorrnwer warruntx and • -• `�,�'; ,
<br /> .,, ...
<br /> will defend generalty the dtle to the Property against ull ctuims And demands,subJect to uny encumbmnces of record. ' <; , —
<br /> : THIS SECURITY [NSTRUMEM'combines aniform cuvenunt� for nationul use and non•imiform covenant+ with �,��+-_-�-
<br /> limiteci varlatiana by jurisdictinn to c�n�dtute n uoiform securiry instn�ment covering mnl pmperty. � • . '
<br /> UNIFQRM COVHNANT3. Borrower and I.cnde.r cavenant und ngrce us&►llows: . •.,�-";s•a+�,_
<br /> ' `� � t. i'ay�.�at af Prtncipal nnd dntcrert;Q'repuyment a�d i.�te Chaegeiu. Borrowrr.r•haii pro��ptly �ay wh�n due si�e =- -_=— . _
<br /> " ' princi�ul of ond intercst on the debl evidenced by the Note und uny pmpayment nnd late churges due uncier the Nute. � � .�_
<br /> . FundA for'Ibxes und Insnronce. Subjcct to upplicablc luw or to it wrltt�n wuiver by Lender.Bormwcr shutl pay to , ,,..
<br /> Lencicr on thc dny monthly puymentti arc duc under�ho Notc,until thc N�tc iti paid in fuU,u sum("Punds")for:(u)yeurly � � . �
<br /> taxes nnd ussexsmcnts which may uttuin pdority over thir�Securtty Instrument as a licn on the Property;(b)yeurly Ieuxehold -=
<br /> ' paymcnth or ground rcntx on thc Property, if any; tc) yenrly haraud or property insur�nce premiumti: (d) yeurly flc�ad "
<br /> . insurance pmmiumR, If any; (e) yearly mortguge insurnnce premiumx. if Any: and (� any sums puyablc by Borrower to -
<br /> � Lender,in nccardance with the provisions of puragrnph 8,in lieu of the payment of mortgu�e insurnnce premtums. Ther+e .�
<br /> items ar�e culled"Escrow Jtems." I.ender may.At any time,collect And hold Funds in an amount not to ezceed the mnximum -
<br /> ,. , amount a Iender for a federally related mortgage lonn may require for Borrowers escrow account unde�the federal Real �•�•'�•� �
<br /> ' Estate Settlement Procedures Act of t914 as amended from time to timc. 12 U.S.C.§2601 et seq. ("RESPA"),unlcss another ��. � � '
<br /> - ,•;.%-'�'•�.''i-= �°
<br /> „ � law that applies to the Funds sets a lesser amount. If so,l.ender may.at ariy time,collect and hold Funds in an umount not to .;,_,�;�:4
<br /> • exceed the lasser amount. Lender may estimate the acnount of Funds due on the basis of cument data and r�easonable :" �.;�,��
<br /> , esdcazates of expenditures of future Esemw Items ar otherwise in accordance with applicaQ�le law. ��',; ,.��=
<br /> '[he �unds shall be held in an institution whose deposits ane ins�e�+ec! by a fed�raD agency. instrumentality, or entity �� • ;`���`:";
<br /> (inclaedimg Len�er,if Lender is such an institution)or in any Fede�al Home Loan Bank. Ilxnder shall apply the Furtc2s to pay .. .. � �� j
<br /> the F..scrow Items. Lender may not charge�oerower for holding and applying the Fu�nds, ann�naUy anaDyziag the escrow
<br /> , account, or verifying the Fscrow Items, unlesx Lender pays Borrower interest on the Fu�ds auid applicable law pem�its • "°���,,i:,
<br /> • Lender to make such a charge. However, l.ender may require Borrower tv pay a one-3cme charge fur an independent real -•� �;� .~
<br /> estate tax reporti�g service used hy I.ender in connection wrth this loan,unless applicable law provides otherwise. Unless an '�.;%<��{l,
<br /> •,.•r.:�;,,.•� ' � � _
<br /> agmement is made ar applicablc law requires interest to be paid,Lender shall not be required to pay Borrower any lnterest or •�`.{:�:;:> :�• 1--
<br /> eamings on the Funds. Borrower and Lender may agree in writing,however,uhat interest shall be paid on the Funds. L.ender `���''�':'� i�*'r'�'�
<br /> ' � ' shall give to Borro+ner,without charge,an annual accounting of the Fund�,:huwing credits and debits to the Funds and the ���` ° ��•
<br /> purpose for which euch debit to the Funds was made. The Funds are plewz�c!as additional security for all sums secumd by :;•�.;, ��'"�-
<br /> this Security Insanovnent. .�=�tt�, s �,� � •
<br /> ______ If the Funsis held by Lender exceed the amounts pertnitted to be held by applicable law,Lender shall accoant to __�..•S�'i?`F .�� "; :
<br /> .. "—___–'___ 'G7� ,r
<br /> Borrrt���er for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds he7d by - .�� �••,
<br /> Lender at any tima is not sufficient to pay the Escr�w Items when due,L.ender may so notify Burrower in writing,and,in '�,�,
<br /> such case Borrower shall pay to Lender the amount necessary to meke up the deficiency. Borrower shall make up the � �. r.:•�;�!;;,
<br /> deficienc in no mare than twelve mo�thl ay,�i�nts,at Lender�s sole discretion. ��'��'��
<br /> Y� Y P 1 ��V j�'t.�i'
<br /> � Upon paymeat in fult of al!sums secured•hy this Security Instrument, Lender shal�promptly refund to Borrower any , • � • " '��`�s•�f'
<br /> y p � p q perty, Lender, rior ro the ac uisition or ,��"`�'� 'r �
<br /> Funds held b I,ender. If,under ara �a h 21, Lender shall ac uire or sell the Pro p q .'�s;,, ,...,.• .;; ,,t� ;
<br /> sale of the Propert}•,shall apply any Funds held by Lender at the time of acquisition or sale as a ecedit against the sums "�' ��� �'�'f
<br /> ' secured b y this Securla y Instrument. '"�����. �j`�+�';
<br /> 3. Appliea3ion of Payments. Unlexs applicable law provides otherwi�e, all payments received by Lender under �� ,, •�',;!
<br /> paragraphs 1 and 2 shall be applied:first,to an. prepayment charges due under the Note;second, to amounts payable under '"�
<br /> . paragraph 2;third,to interest due;fourth,to principai due;and last,to any late charges due under the Note. ��
<br /> � 4. Ch es; LEens. Borrower shall a all taxes, as,essments, char es, Cnes and im ••`"� °��
<br /> �S p y g p ositions attributable to the ��:
<br /> Property which may attain priority over this Security Instrument,and 1ea5ehold payments or ground rents,if any. Borrower '��t,:��.' '�"��
<br /> "?r;�i�a��,
<br /> shaEl pay these obli�ations in the manner provided in paragraph 2,or if not paid in that manner,Bortower shall pay them on " ''� �rtp,,,,-,
<br /> ,,, time directly to the person owed payment. Borruwer shall promptly furnish to Lender alI notices of amounts to be paid under ' " �• ��L'.��;y
<br /> . ' this paragraph. If�3orrower makes these payments directly,Borrower shall prompdy furnish to Lender receipts evidencing �,,.• ' ,,";t'j`'; �
<br /> � . ..,. . ,•,�;�
<br />��.'�:��.•,.,�. the payments. ;..,,�,,..
<br /> ,����;.=.' Borrower shall prompdy dischazge any lien which has priority over this Security Instrument unless Borrower:(a)agrees ����� i,
<br /> ',;;�,•�, ;.. .
<br /> in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in good faith the • .`"+���•'.
<br /> lien by,or defends against enforcement of the lien in,legal proceedings a•hich in the Lender s opinion operate to prevent the • •
<br /> enforcement of the iien;or(c)secures from the holder of the lien an ngreement satisfactory to Lender subordinating the lien �'�`; `
<br /> • to this Security Dnstrument. If Lender determines that any part of the Property is subject to a lien which may attain priority �� `'��-`'`
<br /> over this Security Instrttment,Lender may give Borrower a notice identifying the tien. Borrower shall satisfy the lien or take ��;��•�!
<br /> . one or more of the actions set forth above within 10 days of the giving of notice. 1 •
<br /> " 5. Hazara!or Property Insurance. Bornower shal!keep the impcovements now existing or hereafter erected on the �
<br /> Property insurecJ against loss by fire,hazards included within the term"extended coverage"and any other hazards,including
<br /> floods or flooding, for which Lender requires insurance. Th�s insurance shall be maintained in the amounts and for the :
<br /> ... , �am 3028 9.90 f/wXr'ujb(wges 1 � . -
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