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<br /> '- �.��..� 92--106Q32
<br /> -- -- 't�ETHER WITH ell the lmprnvementa now cx hereafter etrcted on the Propeny.w�d n!1 ea�emenp.appu�tawnoea�and
<br /> - — tixturec now or hemafcer a part of the property. All replacemente and additions slwll al�o be covered by thia Security
<br /> - -�—°�°�-- Itutrument.AII of the forcgoing is referred to fn thi�Secu�ity instn►ment es the"PropeRy.«
<br /> BORROWER COVENANTS that Bomower is lawfully seised of tho estate hereby conveyed wd has the rfght ro arant and
<br /> _ _ — _ ���y tl�e property Ard tlwt the Property is ut�encumbe�+ed. except for encumbrence4 of�ecot+d. Borrower warrants ond will
<br /> - defe�d generaily the tide ta the Property�Sajnst all claims And demand�.subject[o eny encumbrances of record.
<br /> -- - TFI13 SECIlRITY INSTRUMENT combines nniform covenantc for naUonal use and non-uniform coven�with limitod
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<br /> �� ! variatians by Judsdiction to consdtute a uniform savrity instn�mcnt cuvcring rwl pnoperty.
<br /> - _ - - - UNIPORM COVENANTS.Boreower and LcnJcr cc�vc�wut and agrcc us follows:
<br /> _ ' 1. P�ymeat ot iMncipal ond Iater+eWi �P�9meat wid I.ate CIu�rQea. Ibrmwer shall pmmM�Y PaY when due the
<br /> princippl of and intercat on thc debt evidenccd by the NcNe und Any prep�ym�:n�und late chargcs duc unJer the Notc.
<br /> —�-�— 2. Fbndo tor Taxes pad Insurpnce. Cubjcct k�opp�icub�c low ar Io a written waivcr by Lendcr, &irmwer bhull ppy to
<br /> L.ender on thc day monthly paymcnts arc due underihc N�itc,until thc Note is puiJ in full,a�um 1"Funda")for:lA)y�ly taxc�
<br /> �----_= and asRCS�menta which muy atain prfori�y aver thie Saxvrity Ins�rument us u licn on the Propeny;lb)yeurly ltacehald payment�
<br /> �— - ----�- or Rcaund rcma on the Pmperty.if�►�y;(e)yeArly hoz.ard or pmperty in�:urance premiumg;(d)ye�uly lloud insura�xe prcmiuma, _
<br /> .�.~vy,;,y� if auny; (e)ye�+rly mnngage insurance premiums, if nny;and 1�uny �umy payeble by Borrower to l.ender, in ucrardum:e with
<br /> thc pmviaiorw aP purugruph B, in lieu of the payment of mortgoge insarance premiums.These items ore called "Escrow Items."
<br /> I.,ender muy. at any time. collect and hold Funda in an wixwnt rwt tc�exceod the mnximum amount a lender for a federnlly
<br /> r�elotad mongage loem m�y rcquire for Bc►rrower's evcmw account under the federal Reul Estate Settlement Procedures Act of
<br /> �����! 1974 os wnended from Nme to time. 12 U.S.C. Section 2601 e�seq.(°RFSPA"),unless another law thut applias ta the Pund�
<br /> �ets a lesser amount. If so, Lender may. et any time,callect and hold Funds in un umount not to eaceed the lesscr amount.
<br /> - ��`�"�`y •���- Lender rtwy estimate the amount oP Funds due on the basis of curreM data wnd reason4bte estimates of eapenditures of future
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<br /> — �-"�=y F.cemw Items or otherwise in accordance with applkable law.
<br /> � 's'��'-^a � The Funds shull be held in un instiwtion whose deposits ure insured by a federal agency, instrumentality, or entity
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<br /> —#fi`;;;�,,�;�" (lncluding Le�uler,if L.ender is such an institution)or in any Federal Home Loan Hank. [.ender shall app�y the Funds to pay the
<br /> ,=;:�',�"� Escrow Items.I.ender may not charge Borrower for holding and npplying the Funds, annually analyzing the escrow account. or
<br /> - verifying ihe Escrow ltems.unleas I.ender pays Borrow�r interest on Ihe Funds and applicable law pennita Ixnder to meke such
<br /> _°�` `" " ��"k�' a charge.However,I.endcr may require Borrower to pay a one-time charge for an indepenJent ir.af estate wx reporting scrviw
<br /> -_���ik�'��aid�S;,
<br /> �� . ,a....�., � used by Lender in connection with this loan. unless applicable law provides othenvise. Unless en agreement is made or
<br /> —��e` �� ` applicable law reyuires interest to be paid,I.cndershall not be required to pay Barrower eny intcrest or earnings on tbe Funds.
<br /> � " � ..;,�,,��.a,: •a . Borrower and Lender may agree in writing, however,that interest shail be paid on the Funds. Lender shall give to Borrower,
<br /> �,�`�?�— without charge, an annual accounting of the Funds, showing credits und debits to the Funds und the purposc for which each
<br /> ��> � ���:5�-°� debit to the Funds was mede.The Nunds are pledged as addi[ionai secarity faraii sums sa.�urc�!by ii�ib S�x:u+ity Instrumeni.
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<br /> -=— If the Funds hcld by I.end.r exceed the umounts permitted to be held by upplicable law. Lendar shall account ta Borrower
<br /> .�._`,�•''.� � for the excess Funds in nccordnnce with the requirements of npplicable Inw. If the amount of the Funds held by [.ender at uny
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<br /> , time is n�sufticient ta pay�he Escrow items when due, l.ender may sc�notify Borrower in writing.and,in such case Borrower
<br /> _:•� , _� � shall pay to Lender the amount necessary to mnke up the deficiency, Borrower shall make up the deficiency in no more than
<br /> twelve monthly payments,at[.ender's sole disc�etion.
<br /> - : :.�;_�•, � Upon payment in fuli of a l l sums secur e d by t h is S e curity Ins trumen t, L en der s hu l l pro m p t l y re f u n d t o B o r r o w e r u n y
<br /> -: •:"� '- ���, '��' Funds held by I.ender. lf, under pur�grnpb 21, l.ender shull ucquire cx sell the Property.I.ender,prior to the ucquisition or wle
<br /> -_�� .,..`"�r'^�•' �^�,e� of the Property, shall apply any Funds held by L.ender ut tha time of acquisitiun or sale us a credit ugainst the sums secured by
<br /> '�;'''� .' -w i4'..� g,"�;,,,:� this Security Instrumcnt.
<br /> y;�`: ' 3. Appllcation oP Ppymentx.Unless applicablc Inw provides otherwise,all paymcnts received by Lender under paragraphs
<br /> a�, '�',;;,�;,.;;�:., ," 1 nnd 2 shall be applied: first, to uny prepayment churges due under the Ncue; zecond,to umounts payable under paragraph 2;
<br />��• %����I�bpMr ..q� third,to interest due; founh,to principal duc:und lutit,w any late char�zes Jue under the Note.
<br /> F�: '�`k., . : ,��,! - 4. Charges; Liens. &►rrower ahull pay ull taxes,usscssmcnts, churges,fines and impositions attributable to the Propeny
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<br /> •..,��r, � ,;�5�.�- which may attain priorl�y over this Scruriry In.r•tmment, und leaseholci paymen►s or ground rents, if any. Borrower shall pay
<br />_ `�` o �„ these obligationx in the manner providaf in purugraph 2,ur if rxn paid in that munner.Borrower shull pay them on time JirecNy
<br /> ` •�� . „ . � � to the person owcd payment.Borrower xhull promptly Furnish to l.�nder all notices nf umounts to be paid ur�der this purugruph.
<br />=:-�.,� ' " �„ , ,�� If Borrower makes these paymenls dirccdy, Bormwer shull prumptly fu rni+h�o Ixnder r��ccipts evidencing the payments.
<br /> � •: ,'�__t � Borrower shall pramptly discharge uny lien which hus prinrity over this Security Instrument unless Borrower:(u)agrees in
<br /> - � writing to the p�yment of the obligation securcd by thc lien in�►mm�ner ucreptublc t��l.ender; (b)contests in gcwd fuith the lien
<br /> „�, by. or Jefends ogninst enforcement of the lien in. Icgul proccedings which in �hc L.ender', opinion operutc to prevent the
<br /> '��• enfnrcement of the lien:or Ic) s��cures t'rom �hc hnldcr of thc licn an ugrcement ti•rtisfactory to lxnder+utxxdinAting the lien to
<br /> ^�'"�""`""'�' ��}� this Security Instrument. If Lender detemiine� thut any pan of thr Pn��xrty i� suhject tu u lirn which m•ry •rnain priority over
<br /> � ` this Serurity In�trumcnl, L.cnder muy givc Borru��cr a n�Hire idrntit'yinF the licn. B��rcuw•rr.hull .ati�l'y Ihc licn or Wke one or
<br />, ' � more of the actions set forth utxwe wi�hin 10 Juy.ut' th��iving uf nu�icc.
<br /> Form 30Z8 ereo '
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