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<br /> � 92_loss9l
<br /> T�.` TO(iLrl'HER WITH all Ihe improvcmenta now or herepfter erected on the pn►pcny.und all easementa,uppurtenances.
<br /> wid fiaturc�now or her�eaBer a part of the property. All reptacements and additions shall alco ba rnvered by thie Security
<br /> Inurument. All of the faregoing ie referted to in this Security Inauument Ax the"Property."
<br /> ' I � BORROWER COVENANTS that Borrowor is lawfully seised af 1hc eawte hereby canvcyed and has the right�o grant
<br /> �� ',:e, and convey the Property end�hat ihe Property is unencum6ered.except for encumbrnnces of record, Borrower wurrAnu and
<br /> , will defrnd generaliy the dUe ta the PropeRy ag�inst�ll claim�and demands.cubject to any encumbrencea of record.
<br /> THIS SECURITY INSTRUMENT combines unifam covenAnts for national use und non•unifarm covenante wi�h
<br /> � limited varladons by jurisdicUon to constitute a unifortn secudty instrument covering real property. `
<br /> -�••� -.���: • UNIFORM COVENANTS. Borrower and Lender covenant and�gree as follows:
<br /> ;;x;;,,,s;.� 1. Payment otPriacipAl nt►d Inle�est;Prepayment and Lpte Chs�es. Borrower stwll promptly pay when due the
<br /> - �� � principal of and inter+est on the debt evldrnced by the Note and any prepayment and late charges due under the Nate.
<br /> —.��Gt�wtw.�� 2. Fbnds for 7lnues Aad In9urance. Subject to upplicable law or to a wriaen weiver by Lender.Borrower shall pay ta
<br /> �.� L.ender on the day monthly payments are due under the Note,until the Note fe pnid in full. a sum("Funds")for.(a)yesuly
<br /> �---—��'�"`-- wxes nnd assessments which muy ottain priodty over this Security Instrument as a lien on the Property;(b)ycarly lensehold
<br /> ----`=�;._;.* payments or ground renta on the Property, if any; (c) yearly hazard or property insurnnce premiums: (d) yearly flood
<br /> �'"^� '��' �'�' insurance premiums. if any; (e) yearly mortgage insurw�cc premiums, if any; and (� any sums payable by Borrower to
<br /> � "�3},yx'"'�.• i.endar,in accordance with the provisions of paragrnph 8, in lieu of tl�e payment of martgage insurunce premiums. These
<br /> '�•• items are called"Esemw Items." L.ender may.at any time,collect and hold PUnds in an amount not ro exceed the mnximum
<br /> �`��';�•� amount a lender for a federally related mortgnge loan may requir+e for Borrower`s escrow account under the federal Real
<br /> _ a�f.P;;;;� Estate Senlement Procedures Act of 1974 as amended from time to time,l2 U.S.C.�2601 et seq.("RESPA"),unless another
<br /> - �,;;�w law that applies to the Funde sets a lesser amount. If so.Lender may,ut any time,collect and hold Fbnds in an amount not to
<br /> _ �?�^�„-�:.'�;.•.:f�,. exceed the lesscr amount. Lender may estimate the amount of Funds Que on Qie basis of current deta end reasonablc -
<br /> 's-•`� °'� ' ' • . . estimates of expenditures af future Escrow Ilems or otherwise in accordance with applicable Iaw.
<br /> - �=� -c-:�'-' -.•- . The Funds shnll be held in an institution whose de�x►xits nre insu�+ed by a federal agency, instrumentnlity, or entity �___
<br /> . ���.. �� ., �s.° .
<br /> � �'� (including Lender,if I.ender is such an insdtutian)or in any Federnl Home Loan Bank. I.ender sh�ll apply�he FLnds to pay eJ-
<br /> . J ��w�, ;�'� the Escrow Itema. L.ender may not charge Borrower for holding and applying the Funds, ennually analyzing the escrow
<br /> • �. �;6 ., account, or verifying the Escrow[tems, unless [.ender pays Borrower interest on ihe Funds und applicuble Inw perrnits
<br /> ' '�'� ::� Lender w make such a chargc. However.Lender may require Borrower lo pay a one-time churge for an independent real --
<br /> '����"�'��' • � astate tax reporting service used by Lender in connection wlth this loan,u�less upplicable law provides atherwise. Unless an
<br /> - �s_fa?,: .�•.•�+""'-{ agreement is made or applicnble law requires intenest ta be paid.Lender shall not be requlred la pay Borrower any interest or
<br />-� earnings on the Funds. Borrower�nd l.ender may agree in wdting,however,thnt intemat shall be paid on the Funds. Lender
<br />-3° • . �` ='� ' `'•` shall give to Borrower,without chnrge,an nnnual�ccounting of the Funds,showing credlta and debits to the Funds and the
<br /> -- ° ''* purpose for which each debit to the Funds was mnde. The Funds are pledged as addidonal security for all sums securecf by
<br /> _ ���.,�.,��.,��_,�:::} this Securfty Insuument. _
<br /> � � t [f the P1mds hetd by Lender eaceed Ihe amounts permitted to be held by applicable law. Lender shull account to --
<br />- ' "°�' � Barrower for the excess hlmds in accordnnce with the requirements of applicable law. If the amount of the Funds held by
<br /> ` � -� " Lender at any time is not sufficient to pay the 6scrow Items when due,Lender may so notify Borrower in writing,and.in �,
<br /> ,ry ., such case Bortower shall pay to Lender Ihe umount necessary to make up the deficiency. Borrower shall make up the
<br /> � . ,, , deficiency in no more ihan twelve monthly payments,at Lender's sole discretion. �
<br /> � ? Upon payment in full of all sums secured by this Securiry lnstrument,Lender shall prompUy refund to Borrower smy �._.
<br /> - ",.+'.�• Funds held by I..ender. If,under puregrnph 21,Lender shall ucquire or sell the Property,Lender,prior to the Acquisition or
<br /> � �• ��• �'� � sale of the Property, shall apply nny Wnds heid by Lender at the time of acquisition or sale as n credit against the sums �'��
<br /> � .. •�.• secured by this Securiry Insavment. �'"
<br /> � �, .�. _.. 3. Appltcalioa of Paymenfs. Unless applicuble law provides otherwise, all payments received by Lender under �,_._
<br /> - " ,: � purugraphs 1 and 2 shall be applied: first,to uny prepuyment chArges due under the Note;second,to umounts puyuble uncler
<br /> � paragrnph 2;third,to intemst due;founh,to principul due:nnd Insl,to nny Inte churges due under the Note.
<br /> f�? _� � 4. CAarges; Llens. Borrower shall pay ull tazes, usse�sments, churges, fines and imposiGons attributable �o the —_
<br /> `' �+� `• �•' � PropeRy which muy attain priority over this Security Instrument,nnd leasehold paymems or ground nents,if nny. Bortuwer _
<br /> • •`�''+�+- shall pay these obligptions in the manner provided in paragraph 2,or if not paid in thal mnnner,Bomower shall pay them on L4�
<br /> 3�;s.+�` �.� ` time directly to the person owed payment. Borrower shAll promptly furnish to Lender all notices of amouots to be paid under
<br /> ° �;=� this puragraph. If Bomower makes these payments directly,Borrower�hall promptly furnish to Lender receipts evidencing �--
<br /> . ��� , the payments. �#��;
<br /> ° Botrower shnll prompdy dischArge any lien which tias prioriry uver this Securiry Instrument unless Burrower.(al agrees 6
<br /> - . �.:� . , in writing to the pnyment of the obligation secured by the lien in n manner acceptable to Lender;(b)contests in good faith the
<br /> ��" • lien by,or defends against enforcemen�of the lien in,Icgal proceedings which in the Lender's opinion operate to prevent the -
<br /> • . �•- .� ..- ''. enforcement of ttie lien;or(c)secures from�he holder of the lien un ugreement sutisfactory to Lender subordinating the lien -"°
<br /> ,: �•° '`•• •� to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may nttain priority �"
<br /> over this Security lnstrument,Lender may give Borrower a notice identifying thc lien. Borrower sholl satisfy the lien or take �
<br /> ..«ti1+.",u"= �_`
<br /> , � ., one or more of the actions set forth above within 10 days of the siving of notice. ,
<br /> .�• 5. Hazard or PropeMy Insurnpce. Borrowcr�hull keep the improvemen�s now existing or hereufter erected on the
<br /> Property insurcd against loss by fire.hazsuds included within the term"extended coveragc"und any other h�zurds,including �
<br /> �`' floads ur flooding, for which Lender requires insurnnce. This inwrnnce shull be maintained in�he amounts and for �he
<br /> '� � � . \ Form�028 9�9e 1/wR���iI�M�.Q�s! ` .
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