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<br />-' � I TOGET'NER WITH all the improvements now or hereufter erected on the property,and nll easements,�ppurtcnanccs, � '
<br /> " nnd fixtnres now nr hereafter a part of the peop�•rty. All repl�cements and additions sh�ll also bc cnvered by this Securtty
<br /> . Inst�ument. All of the foregoing is refened ta in this Sccurity I��suumcnt as thc"Property," �`�'�_'
<br /> .. i BORROWER COVENANTS that Sorrower is lawfully scised of thc estAte hereby convcyed and hns thc right to grant '� -
<br /> and convey the Property nnd thut the Property is unencumbered,except for encumbrances of record. Borrower warrants and
<br /> ,, I will defend gr.nerally the tide to the Property against nU clnims and demands,subject to aciy encumbronces of record.
<br /> � THIS SECURITY INSTRUMENT combines uniform covenants for national use und non•uniform covenants with , � '
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<br /> limiteci variations by jurisdiction ta constitute a uniform security instrument covering real property.
<br /> UNIFORM CO�/ENANTS. Borrower and Lender covenant and agree as follows: _-_=
<br /> 1. Payment of Principnl�nd Intcrest;Prepayment And Lute Chnrges. Borrower shall prompdy pay when due the - -
<br /> principal of and interest on the debt evidenced by the Note and any�repayment and late charges due under the Note. �r��
<br /> 2. Fltnds for'Ihxes und Insurartce. Suhject to applicable lttw or to a written�vaiver by Lender,Burrower shall�ay to "'_`'-�'
<br /> . Lender on the day monthly payments are due under the Note, until the Note is paid in full. a sum("Fl�nds")for:(a)ycarly ---
<br />•. • tuxes and assessments which mny attain priority over this Security Instrument as a lien on the Property;(b)yearly len�ehcld -
<br /> ' payments or ground rents on the Properry. if any; (c)yearly hnzard or property insurance premiums; (d) yearly fload
<br /> �� insura�ice pr�uuums, if uny; (e) ye:arly mortguge insurance premiums, if any; and (fl any sums payable by Borrower to
<br /> Lender,in accordance with the provisions of paragruph 8, in lieu of the payment of mortguge insurance premiuins. These
<br /> items are called"Escrow Items." Lender may,at any time, collect nnd hold hlmds in an nmount not to exceed the maximum -
<br /> amount a lendcr fur a Federally reluted mortgagc loan may rcquirc for i3orrower's esc�ow uccowtt undcr the federcd Rcid 4--
<br /> " Estute Settlement Proccdures Act of 1974 as amended from timc to time, 12 U.S.C.4 2G01 et se�. ("RBSPA"),unlews nnothCr
<br /> law thut applics ro thc Funds sets zi Ics,cr�mount. If so,Lcndcr may,at any timc,collcct nnd hold Nunds ln im amannt not t�
<br /> �� cxcccd the lesser umount. Lender mi►y estimate the umount of Funds duc on thc basis af cunsnt dntm nnd rcusanaBlc '
<br /> estimates of expenditures of future Gscrow[rems or othenvise in uccardunce with upplicl►ble I:�tv,
<br /> The Funds tiha!1 be held in nn in�titution whosc deposits c►re insured by n federid ugency, intitrumcntnlity, or enUry �__
<br /> (including Lcndcr,iF Lcndcr iti such un institution)or in any Ftidcrid Homc l.oan 8unk. l.cndcr tihull iipply thc Nuncis to puy �----
<br /> th.^. Escrow Itcros. Lcndcr may not churgc Borrowcr for holding und upplying �hc Funds, imnunlly nnulyr.ing thc cscrow
<br /> „ account,or verifying the Escrow Items, unless Lender pays Rorrower interest on the Funds und upplic.�ble Inw permits
<br /> � Lender to rnuke such u charge. However,Lender may require Borrower to pav u one-timc churee for�ui indenendent real
<br /> ': estate tax reponing se�vice used by Lender in wnnection with this loan,unless upplicable Inw provides otheewisc. Unless an _
<br /> " �„ agreement is mudc or applicable luw rcquircs interest to bc paid,Lender shall not be requircd to pay Bonower uny intcrest or
<br /> • camings an the Funds. 8orrower:�nd Lender may agree in writing,however,tliat interest shaU be paid on the Funds. Lender LL-�
<br /> shall give to Borrower,without charge,an annual accounting of the Funds,showing credits and debits to the Funds and the ---
<br /> purpose for which each debit to the Funds was made. The Funds are pledged as additionul security for all sams secared by
<br /> ` this Security Instrument. --
<br /> " � If the Funds held by Lender excecd thc amounts permitted to be hcld by applicable law, Lcndcr shall account to t�—
<br /> , Borrower for the excess Funds in accordance with the requirements of applicable law. If the wnaunt of the Funds held by �;—
<br /> Lender at any time is not sufficient to pay the Escrow [tems when due,Lender may so notify Bonower in writing, and,in —
<br /> such case Bonower shall pay to Lender the amount necessary to make up the deficiency. Bonower shall make up the - ��
<br /> � ' deficiency in no morc than twelve monthly payments,at Lender s sole discretion. �
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br /> Funds hcld by Lender. If, undcr paragraph 21,Lender shull acquire or sell the Propcity,Lender, prior to thc acquisition or �:
<br /> sule of tha Property, shall Apply s�ny Funds held by Lender at thc timc of ucquisition or sale as a credit against the sums
<br /> secumd by this Sc:curity Inswrnent.
<br /> .. 3. Appl[eatton of Payments. Unless applicable law provides otherwise, all payments received by Lender under �
<br /> paragraphs I and 2 shall be lpplied: tirst, to any prepaymcnt chargcs due under the Note;second,to amounts payable under '
<br /> paragrnph 2;third.to interest duc;fourth,to principal due;and last,to any late charges due under the Note.
<br /> 4. Charges;Liens. Borrower shall pay all taxes, Ussessments, charges, Gnes and impositions attributablc to the
<br /> •� ` Property which may attain priority ovcr this Sccurity Instrument,and leasehold paymcnts or ground rents,if any. Borrower .
<br /> h shall pay thesc obligations in thc manncr provided in paragraph 2,or if not paid in that manncr,Borrowcr shall pay thcm on
<br /> time directly to thc person owed payment. Bortowcr shall prompdy fumish to Lendcr ull notices of amounts to bc paid under
<br /> � this paragraph. If Bonower makes these payments Jirectly, Borrower shall promptly fumish to Lender receipts evidencing
<br /> ' ^ the payrnenu.
<br /> Bortower ahall prumpdy dischargc any 1 ien which h;is priority over this Securiry Inswment unless Borcower:(a)agmes
<br /> • .. in writing to the pzyment of the obligation secured by thc lien in a manner acceptable to Lender;(b)contests in good faith the
<br /> licn by, or defcnds aguinst enforcement of the licn in,Icg�l procecJings which in thc Lcndcr'ti opinion operutc to prevcnt the
<br /> cnfonement of ihe lien;�,r(c� sccures from the holdar of thc lien un Ugreement satisfactory to Lcnder subordinating the lien � `
<br /> t to this Security Insuument. If Lender determines that any part of the Property is subject to u lien which may attain priority
<br /> over this Securiry Instrument,Lcndcr may givc Borrowcr a nutice identifying thc lien. Borcowcr sliall satisfy thc licn or hike
<br /> one or more of the actions set forth above within 10 days of the giving of noticc.
<br /> 5. FIazard ar Property InsurAncc. Borrower shall keep the improvcmcnts now cxisting on c�rcaftcr crected on the �
<br /> , . Property insumd against loss by fire,hazards included wilhin the term"extended coverage''and any other hazards,including �
<br /> „ floods or flooding,for which Lend�r rcyuires insuranrc. This insurance shull be maintained in Ihc amounts and fnr thc �
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<br /> I�onn 3022i 4/9D (JiuKP 2 n/6 f�tlgPS) �
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