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<br /> � �.� . ' 92-�1 Q0399
<br /> _��' — TOOB1'HBR WITH all 1he iaapmvemwts naw or hae�Ra aectod on the p�ope�ty. �od dl e���ppiutau�x+.�ad
<br /> 41�tura Qow or hene�fter � prt of tho PropectY. A!! �epl�enknts �nd additions �lwll �Iw ba covarod by thir Socudty
<br /> —_._____-_��.._ �� �ot�forcgoin�is rcfenod to in thir Savrity lnspumrnt a the"Property,"
<br /> �.;�;� BORROWER COVBNAIVTS thrt 8omnwer is lawfully ieicud of Ihe eswto hereby canveyod and�ths rl�ht to��nt uKl
<br /> - ' ---='�:`" oonvry the Prq�etty and tlwt tbe P�'upeRS' is unencumbcrod.except for encumbr�nces of n�cord. Barrower worr�ua and wiQ _
<br /> ��`-:.,A� �defeod¢enerally tho titb w�ho PropeKy a�aiost all claimc�n�d demwids. wbject to any encumbran�,�cs of rococd. �_�
<br /> --_- THIS SECURITY INSTRUMENT combines unifnnn aovenantn for national use w�d non-uaifocm vovo�wnt�wiW limicqd -
<br /> ;��� vui�tlons by jurisdiction to rnnKitute a unifortn+sccuri[y{nstrument rnve�ing rcal pmpeny. _
<br /> :.�-. UNIFORM COVBNANTS. Borrower and Lender rnvec�nt wid a�roe as follows: ---
<br /> �"��T"� ��' 1. Paymeat ot PtladpW ood Interect:F�+eP�l'mer�t nud I.nte Cb�r@a. Borrower shull promp��9 PeY when dua the
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<br /> _ _ �. .� prfncipal of and interest an the debt evidencod by the Nwo wxt any pncpayrnent and I�te clwrgeR due uMcr tix:Note.
<br /> -��:�'�,r��s 2. EY�C for Twcec aod Inwrance. Subject to appitcable aw or to a wdtten waiver by LenJer,Borrowo�shull pay to ��,
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<br /> �_�,,.��-� Lcnder on Ihe day mmthly puymenta w�e due under the Noto,until the Note is Q�id in full,a sum("Funds")for:(a)year y tancs _
<br />- �����' � apd a�sessmenta wfiich ma anain rio�i over thir Secud IastNment as a lien on thc Pro rt (b)yearly leusehold ments
<br /> .�..�;�,�. .. Y P t}' t}' Pc Y: p�Y _ _
<br /> �.,��,�ry or ground rente an the Property,if Any:(cl Yeoriy hazsird ar pmperty lnsumncc premiumsc(d)Yeurly flood inaur�nce premiums. —
<br /> - -,�, :_�.. .: ' if any;(e)yeArly mortgage insurance preauums, if any:t�nd(� aay sums payable by BoROwer to Lender,in wxordancc with �
<br /> '�'��`,•%�' `` ihe rovision�of 8. in lieu of ihe meot of mort a e insumnce rcmiums,These items are called `Eserow Items." __ -
<br /> —.. .�_=.�•,�,�.•. p Pua6� WY B 8 P �-.
<br /> •;�y�,:;�+�$� Lendcr rnoy. at any time.collect nnd hald Funds in an amount nat ta excced the maximum amount a Iendcr for a fedcrally __
<br /> � '�.z�.�;;,�; n, telatod mortgage loan may requine for Bamawer's escrow aa�ount under the federnl Real Estate Settlement Procedure.c Act of �;
<br /> ��i����!�'►"P`;'' �974 as a�nendcd irom ame to time,12 U.S.C. Section 260t et srq. ('RESPA').unless anaher law thxt applies to the Funds
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<br /> .-.�.�-�,u;:._,�: sets�s le�ser �nount. If so, L.ender may,at aay time. collact and hold Funds in an amount not to exceed thc IeRSer amount. �.,
<br /> _��'��-, ,'`a; � �. i,ender rnoy estimate the amount of Funds duo on the basis af cumeat data and reasonable estimatex of expenditures af future _
<br />-~'�„�: &crow ltans or otherwise in axor�donce with applicable Iaw. ---:
<br /> ' • The Funds shall be held in an iastitutian whase deposits are insured by a foderal agency, instrumenuiliry, ar entity �'++�•�"'`
<br /> lr� � j . (including Lender,if lxnder is such an institutian)ar in any Federal Home Loan 8ank. Lender shull apply the Funds ro pay the �.'�
<br />:--�:'�:�'t,�• ' � Rscrow Items.Lender may not charge Borrower for halding and applying the Funds,annually an�lyzing the escrow account,or __
<br /> •� .� -�� verifying the Escrow(tems,unless I.ender puys Burrower interest on the Fumis and upplicabte law permits I.ender to make such
<br /> -y�� . , a chuge.However.l.eader may require Bornuwer to pay a one-time charge for an independent real esuue tan reponing servicc
<br /> �.�;�;p�T,., ;':';; used by I.c�der in conne�tion with this loan, unless applicable law provides otherwisc. Unless an agreement is tnade or __
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<br /> a ,�.�, , applicable law myuires interest to be paid,I.ender shall not be required to pay Borrowcr any interest or earnings on the Funds. r=-
<br /> u��:� ,E� .�i ,k,.�L;��� Borrower and Lender may agree in writing, hawcver. thot intereat shall be paid an the Funds. L.cnder shall give to Sornower, �asr ,
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<br /> wiitwnt d�rgc, �s�ua!�ccounsing of t4ie Pussds, stmwing ssedits anc!debits to thc Fandu And�hc purpor.�for which cach
<br /> °e`". ,..,y} ' � deblt to ihe Funda was made. The Funds are pledged As addidanal securiry for all sums securecf Ey this S��curin�It►9tn►ment. "-�
<br /> _ "" �'� . ..1;: If the Fands held by Lender exceed the amoums pem�itted to be held by applicable law,I.endar shall accauat to Hornnwer
<br /> •'�1` for the cacess Funds in accondu�ce with the roquirements of applicable law. lf the amount af the Funds held by l.end�r at eny
<br /> � � �-�,�" time fs not sufticfent to pay the Escrow Ite.ms when due,l.ender may so notify&>rrower in writing,and, in such case Bortawer
<br /> �;�•.: shall pay to l.ender thc amount necrssn►y to mukc up the deficiency. &xrower shall muke up the deficicncy in�a more tNan
<br /> .. ,��: ,: R,i..� .. twclvc rnonthlY paYments,at Lender's solc discretion.
<br /> ; ,� Upon payment in full of all sums serured by this Security Instrumcnt, l.ender shall promptly refund to Borrower any
<br /> � Funds held by I.ender.If,under parugraph 21,l.ender nh�ll acquioe or u:ll the Pmperty. l.�:nder,prior to the acqulsition or sale _
<br /> , of the Property. shall apply uny Funds held by Lender ut the time of acquisitian or sale u�u credit against thc suma secured by �-
<br /> . � this Security Instrument.
<br /> ��:� 3. AppUcation oP Poyments.Unlcss opplicablc law pmvidc�otherwisc,ull paymcnt+rcceivcd by Lendcr undcr paragraphs �
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<br /> _ �r, 1 �ld 2 shull bC applled: firsl.to uny prep•ryment charges duc undor the Not�:�econJ, to:�muunlx puyuble undcr paragrrph 2; e�,'"
<br /> �''`;� ' ;�; third,to intcrest due; fourth, to principal duc:und lust.to uny latc chargcs duc undcr thc Nntc. �'_
<br /> �''`�-:;� 4. Clwrges;Liens. Bormwcr shall pay nll �:ucz,ucr,essmcnts, chargcs, fincs and impasitions attributable to tbes PropeRy _ __
<br /> �-`���' � � . ��;;: which ma anain riori� ovcr this Securit Instrumcnt, wKl Iwschold a ments or r�wnd rents, if an Borrawer shull
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<br /> - ,;, .. .•' thesc obligations in the manner pravidod in p•rragruph 2,or if nut paid in thnt munncr.&►rn�wcr shull pay th�m on timo directly ��•�•y-
<br /> ' �'�T• ` " to 1hc rson ow c d menl. &�rmwcr�hall r�im d fumish to lw:ndcr ull noticcx of amounts to be aid undcr this aro �`'`
<br />: � <<,�, Pe PaY P p Y P P ��+P�• F�_
<br /> ' � , if Bomower makes these payments dir�,ctly, Burrower sh�ll promptly furnish to Lender receipts evidencing 11�puym�nts. �-
<br /> • �•�+�:" Borcower shnll ro 1 dis�:har c an lien which has norit ovcr this Sccurit Ins�rumcnt unlces Borruwcr.(a)s�rees in -
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<br /> - :�' �' `� writing to the payment of the obligatian s�:curod 6y thc lien in a munncr vcceptuble t��l.cni�r:(b)contasts in guod falth th�t lien
<br /> b or defends a ainst enforcement oF the lien in. Ic al mcecdin s which in the I.�nJcr's inion ratc to mvent tha �—�
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<br /> • • enforcement of the lien;or(c)xxurcs fmm the holdcr of thc licn un agrcement sw�i,foctwy to L.cadar auburdinnting thu lien to �' `•
<br /> , .,;�,: , this Security lnstmment. If L�;nder determines that any part of�h� Pro{xny i.subjcct t�►a lien which mar atu►in priority over �
<br /> ° ' ••'; this Security Instrument, I.cndcr may give Rnrcower a nixicc idcntifying th� licn. &�RUwer shall sati�l'y Bie lien or take one ur
<br /> �'�•'•�~� more of�he actions set fonh �vc within 10 days af thc giving of niwice. �
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