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<br /> . 92- 105389
<br /> ,� � TOl3EfHER WITN all the improvements now or hereaRcr erectcd on�he property.and All�ar+ements,appurtcnances,
<br /> arid fistures now or hereafter a purt af the property. All repincemenls nnd additlona ahull al�o ba covered by this Security
<br /> . , ,,s Inctrument. All of the forcgoing ia refemed to in�his Security Inswment Aa the"Property."
<br /> � °�•i�:,. BORROWE:R COVBNANTS that Borrower is lawfully seiced of the esta�e hereby conveyed end has the right ta grant
<br /> •''''•' and convey the Prope�ty end that the Property is unencumbered,except for ancumbrances of recard. Borrower warrantc and
<br /> � will defend generally the dtle w the Property against nll claims and demands,subject ta any encumbrancea of record.
<br /> .. THIS SECURITY INSTRUMENT rnmbines uniform covenanta for national use and non-unifbrm covenants with
<br /> � "`''°`;`''' limlted vurlations by jurisdiction to conslitute a uniform security instrument covering net propeRy. �
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<br /> - ' IJNIFORM COVENAIVTS. Borrower a�d l.ender covenant and agree aa follows:
<br /> �rr�<<•- ��°� 1. payment ot Priacipal aad Interest;Prepnyment and Late CharQes. Borrower shall promptly pay when due the
<br /> ;��,�.;::. ,�'�; t prfncipal of and interest on the debt evidenced by the Note and any prepayment and late churges due under the Note.
<br /> —�;4�'•�••� � _' '• 2. Funds tor'l�es s�ad Insuronce. Subject to appNcable law or to a wripen waiver by i.ender,Borrower sheU pay to
<br /> �•''�',. .: L.enckr on the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds")for. (a)yearly
<br /> , ��,-�-�'` texes and assessmenta which may attain priority over thia Securlty Instrument as e lien on�he Property: (b)ycer�Y�easehold
<br /> --=:�,,4,,,.�_ .;,y payments or grouixl rents on the Property, if uny; (c) yearly hazard or propetty insurance premiums; (d) yearly tlaod
<br /> � v�,,;: �:; lnsurance premiums, if any: (e) yearly mortgage insurnnce premiuma.if any; and (� any suma payable by Borrower to
<br /> �,,;�:"'•��„ ,.,,« L.ender,in accordance wlth the provlsions of paragraph 8,in lieu of the payment of mortgage insurance premiums. These
<br /> u - �m}•�'� �"� items are called"Escrow ltema." Lender may.at eny time,collect and hold Rund.c in an amount not to exceed the maaimum
<br /> '�'" �^' '� ""� "" amount a lender for a federally related mortgage loan may require for Borrower'a escrow account under the federal Reul
<br /> `'"' •�`'+ � Eslace Settlement Procedures Act of 1974 as amended from time to time,l2 U.S.C.Q 2601 er seq.("RFSPA"),unless another
<br /> �����`�"�'•' law that appliea to the Funds sets a lesser amount. If so,Lender may,at any tirne,coilect and hold Funds in an amount not to _
<br /> �`":;:`� '� •w _. exceed the lesser amount. L,ender may estimate ihe amount of Punds due an the basia of cument data and reasonable
<br /> _- esdmates of expenditures of future F.scrow Items or otherwise in accordance with applicable law. �_
<br /> �-��...,���;,;,;•n�� The Funds siiell be held in en institution whose deposits are insured by a federal agency, instrumentality,ar entity
<br /> ' —_� . .;�:{;•; (including Lender.if Lender is such an inbdwtfon)or in any Federn!Home Losin Bank. Lender shwll apply the Flmds to pay. � ,.
<br /> =� �: . , the Bscrow Items. I..ender may not charge Borrower for holding and applying the Funds,annually analyzing the escraw !�`
<br /> �F " ' " �y, account, or vedfying �he Escrow Items, unlesa Lender pays Borrower interest an t he F Un ds an d a p p l i c a b l e l aw p e r mits
<br /> . ' '"'"' Lender to make such a charg e. H o w e v e r,L e n d e r m ay require BoROwer to pa y a ane-time charge for an independent real d:.
<br /> � ,�:.,� es�ate tax reporting service used by L.cn der in wnnection wi t h t h is lo n n,u n l e s ti A p p l i c o b l e l a w p ro v i d e s o t h e r w i s e. U n l e s s a n b;;:;�.
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