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<br /> ..:, , _-a� ,��� 92- 1os�32
<br /> _ TO(]ETHBR WITH all thc improvemcnt� now ar hercaftcr erected on�he property,and all easemcntw.appurtenances,
<br /> �nd flxturu now or heteJttr�pact of the pmperty. All rcplacemeata wid additiana xhall alsn bc cnvrred 1►y�his Security
<br /> ~��,�.-���,��� Lulrurttent. Ali of thc frngoiiQ is referred to in thfs Securiry In:wment as the"Property."
<br /> e������i BORROWEEt COVENANTS that BoROwerls lowfully scised of the estAtc hcreby wnveyed und hus the right to grant
<br /> - wid eunvey Ihe Prope�ty and�t�he Property is unencumbered,except for encumbranceq oP record. Borrower weRantc and
<br /> _ , will defend generally the litle ta tha Property a�ainst all clalms and demands,subJect lo�ny encumbrunces uf record.
<br /> TH1S SECURITY INSTRUMENT combines uniform covenants for national use und �an-unlfortn cove�wntr with
<br /> � � Ilmitod v�lations by Judsdiction to constitute A un{form security instrumeot covering�+eul property.
<br /> ' UNIFORM COVSNANTS. Botrower and Lender cavenunt and ugree as fullowx:
<br /> ��� l. Pby10lA�O�IMOCIPiI AIW Ip1Mlifp Prep�ya�ent and Lnte Clu�eo. Borrowcr shall promptly pay when due the
<br /> :����;;_���,-� of and interest on the debt evfdenced by ihe Note nnd any prepayment and late churgcs due under the Note.
<br /> � �ads tor Taxes aad lnsurance. Subject to epplicable Inw or to u w�tten w�iver by Lender.Borrower shall pay to
<br /> �"'y`"'¢'"�'-`�' Lender on Ihe day montlily paymcnts arc due under the Note.until Ihe Note i�paid in Pull,u sum("Funds")for:(a)yearly
<br /> --- �s�cn�x�r
<br /> �-�=-=�r�--•�•-� taues and nasessments wbich may attain priority over lhis Secudty Inswment As u lien on tiie Property;(b►ycarly leasehold
<br /> -..�..4 •::.,::., payments or ground renta on the Property. if any: lc) Yeprly hazard or praperty inaurance premiums: (dy yearly tload
<br /> ___ ��,, � insu�wrce premwms. jf any; (e) yearly mortgage insurance premiums, if any: and (� uny sums payuble by Borrower lo
<br /> ~:r.�;�;� Lender,in accordance wflh Ihe provisions of paragruph 8,in lieu of the payment of mortgage insurance premiums. These
<br /> ilems are called"Escrow Items." Lender may,at any time.collect and hold FLnds in nn umount not ta exceed the maaimum
<br /> �_�:���aa,:'��� amount a lender for a federallly related mortgage losin mAy require for Bwrower�s escrow uccount under ttie federal Real
<br /> �'"�""�� Estate Senlement Procedures Act of 1974 os amended from time to time,12 U.S.C.§2601 e�se ("RESPA"),unlesa�nothe�
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<br /> pai r �--�� �?; !aw that upplies to 1he Funda sets a lesser runount. If so,Lender may,at any time,collect and hold Flmds in un umount not to
<br /> � . � caceed the lesser amounl. Lender may estimate thc amount of Funds due on the basis of cwrent dntn and renson�ble
<br /> ''"``'�'�� • �� � ` ss estimates of expenditures of future Escrow items ar otherwise in accordnnce with npplicable luw.
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<br /> ._��� �, � �',�• ' The Funds shall be held in an institution whosc dcposits are insured by a federal ugency, insuumentality,or entity
<br /> -• ��:,,q�.;,�,. (Including I.ender.if Lender is such an institutlon)or in pny Federal Home l.oan Bank. l.ender shall apply the Funds to puy
<br /> --- • the Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow
<br /> -�^°"" "� account. or verif m the Escrow Items. unless Lender a s Borrower intc�st on the F1mds pnd a licable lAw rmits
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<br /> •..�- •'., •_ �. .:�• ' ,..� Lender to make such a charge. However,Lender may require Barrower to pay u one-time charge for un independent reul
<br /> — �" �'=-- ` • estate tc+x reporting service used by Lender in connection with thia loan.unless applicuble luw provides otherwise. Unless an
<br /> `-`� .�:L.,.:+�.;;.,..,;.�.;,�:. agreement is mude or applicable law requires interest to be paid,Lender shall n�t he required to pay Rc►mnwe�nny interest or -
<br /> -_� � '" ' eamings on the Funds. Borrower and Lender may agree in writing,however,that interest shall be paid on the FLnds. Lender
<br /> � ��t".. '='`�`�` • shall give to Borrower.without chsvge,un unnual accounting of the Funds,showing credits and debits to the Funds and the
<br /> __.::.,:•s�tst.:.,.�:�. �..� purpose for which ench debit w the FLnds was made. The Flind.a are�lecigexl ac nddili�nnl cecu�ty i'or nll�nma�r��r!�d hy
<br /> -- ---�� - , this Secudry Instrument.
<br /> ��-�,,;.,:�--�,.,::;::'"_.:.:':- If the Funds held by I.ender ezceed the Amounts permined to be held by upplics►ble Inw. Lender shull account to
<br /> '•+=�:.� Borrower for the excess Fuods in uccordance with the requirements of applicable law. If the amount of the FLnds held by
<br /> =_ `:�-"''.•T. . .�:°. Lender at any timc is nat suflicient to puy the Escrow Items when due,Lender may so notify Borrowcr in writing,und, in
<br /> ��9� �',- �� • . such case Borrower shall pay to Lender the umount necessary to muke up the deficiency. Borrower shall make up the
<br /> �`'� deficienc in no more than twelve monthl st menls,ut l.ender's sole discretion.
<br /> .::.� � � • Upon payment In full of all sums secured by this Security lnstrument,Lender shall promptly refund to 8orrower uny �
<br /> -.;� , Funds held by Lender. If,under puragrnph 21,Lender shnll ucquire or sell�he Roperty, L.ender,prior to the acquisition or
<br /> „;� � � ,,, sale of the Property,shall apply uny Funds held by Lender t►t the time of acquisition or sale ns a credit against the sutns
<br /> • ,� - •� � aecu�ed by this Security Instrument.
<br /> 3. Application of P�yments. Unless applicrable law provides otherwise, all payments received by Lender under
<br /> ,�.. P � P PP Y P f' Y S P Y
<br /> �`-_. '_,:_ _ ___ aru re hs 1 and 2 shnll he a lied: tirs�,to sm re n ment rhur es due under the Note;second,to umounts a uble undcr �
<br /> '^� _;�l� u ' pnragmph 2;third,to interest due;fourth.to principal due;nnd lag�,to uny late chargec due under the Note.
<br />-- 4. Charges; Liens. Borrower sholl pay all tuucs, ussessmcnts,charges, fines and impositions attributable to the
<br /> '� .�+- ,. ` Property which may attain prlorfty over this Securiry Instrument,nnd Iea+chald paymcnts or ground rents,if uny. Borrower -
<br />""` ,,.oS"`.•: •.'• ' shall pay these obligations in the munner provided in pazA$ruph 2,or if not pa�d in that manner,Borrower shall pay them on
<br /> `-�°� ' '��` j time directly to the person owed payment. Borrower shnll promptly furnish to Lender all notices of umounts to be puid under
<br /> �y,�• "' this parugraph. If Borrower makes these puymenls directly,Borrower shall prompUy furnish to Lender rcceip�s evidencing
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<br /> - °;' the payments.
<br /> ' � Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)ugrees
<br /> ' ln writinE to the payment of the obligation secured by thc lien in u m�nner ucceptablc to Lender,(b)contests in good faith the
<br />.�_ " - • ' lien by,or defends agAinst enforcement of the lien in. Iegul proceedings which in the Lender s opinion operut.to prevent the
<br /> � � +''': n � enforcement of the lien;or(c)secures from the holder af the lien an ngreement sutisfactory to Lende�subordinnting the lien
<br /> ' '�' ``• t�thls Security Insuument. If Lender detertnineti that any part of thc Property is subjcct to u licn which muy attuin priority �-
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<br /> _ `� r.i � -� over this Security Instrument,Lender muy give eorrower u noticc identifying the lien. Borrower shall satisfy the lien or take
<br />': ' ,:�,�'� . one or more of the uctions set forth abnve within 10 duys of the giving of notice.
<br />�;�•� S. Hazs�rd or Property Insurance. BoROwer shall kecp the improvements now existing or heres►fter erected on the °
<br />=J �.� ` � •• P r openy insure d aga inst lus�by fire,haza r c ls inc lu ded within the temi"cxtended coverage"•rnd any other hnzArds,including F
<br /> E. � tlaods or flooding, for which Lender requires insurunce. This insumnce shnll be muintuined in the amount�and for the �
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