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<br /> TO(3ETHER WITH�II !he improvementc now on c�rcuftcr crectcd on�he praperty,nnd all caµmcnl�.uppudenanccx,
<br /> and lixturc�now or herewftcr a psut of tiie prapeny. All replacementK and udditions xhall al�a Ix:rovc�ed by thir Secu�ity
<br /> i1y., ln�trument. All of 1he faregojng ia rofcrred to in�hia Security{nstrument as thc"Prapcny."
<br /> � "" `�`"�L BORROWBR CUVBNANTS that 8ortowcr is luwfully scised of the ex�atc hcrcby convcycd wul has thc�ight w grum
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<br /> ` .+ "r , and convey Ihe Prap�ty und Ihot the Propeny i� unencumbered,except for encumbroncer of recard. Burtuwer warranls und —
<br /> F ' � wlil defend generAliy�he tiile ta the Pmperty agvinst all cluim�and demwids,subject lo any encumbrancex af rctiard.
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<br /> ��.,�,� ;,l. TIiIS SECUR�TY INSTRUMBNT u�Nnbii�es uniform covcnunts fur nutionul usL :uid non-uniform rovenunts with �--
<br /> � E� Umited varladons by jurisdictian to constitute a unifatm secudty instrument covering real propeny.
<br /> r�� �.y' •�.:. UNIFORM COVBNANTS. Bortower and Lender cavenant und agree as fallows:
<br /> '�".' ��:"'"� 1. Pa meat ot Princi and Intereali Pre ment And Lwte Chwr eA. Borrower xhall rnm tl u whon due Ihe
<br /> �:..� .. � Y P� Pay Q P p Y P Y
<br /> ' �'�_-�` r- principal of end intercst on the debt evidence�by the Note suid any prepayment nnd late charges due uiuier�hc NWe. —
<br /> i'�"��� 2. �unds for'ILixes aod insurAnce. Subject to applicable law ar to A written wuiver by Lender,Borrower whall pAy to
<br />. �-._•'x`"` ' '" • l.endcr on the day rnonthly pavments ere due undcr the Nate.until the Note is paid in tull.u sum l"Fundx")Por: (a)yearly
<br /> ��'"' �`��' • ��+2�~ taxes and assessments which may attai�prioriry over this Secu�ity instrument as a lien on the Propeny; (b)yearly leasehold —
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<br /> ��; �: � paymenta or ground rents on the Pmperty, if uny; (c) yea�ly hazard ar property insurance premiums; (d) yenrly flood
<br /> `�K':r4k ��A'��'r. lnsurance remiums.if an . (c) yearly mort a e insurance remiumg, if an and(� an cums a u61e b Borrower to
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<br /> �,� Lender.in accordance wi�h the provisions of pAragraph 8,in lieu of the payment of morlguge insurance premiums. These
<br /> ,���M�+'r �°- '•` ' items ar�e called"Escrow Items.' Lender may,at nny time,collecl and hold Funds in an amount not to exceed the muximum
<br /> �,����;��•• -���;`? amount a lender for a federally nelated moAguge loan muy require for Borrower's escrow account under the iedernl Rcal
<br /> --, s•:•`�� ;:._ :�' �; Estate Settlement Pracedures Acl of 1974 asamended from time to time,l2 U.S.C.$2601 e►seq.("RESPA"),unless another
<br /> _ '�°�"'�`�-':.'°`�" ,�' law that upplies ta the Funds sets a I�ser amount. IP so,Lender may,at any time,collert and hold Funds in un amount not to __
<br /> -- ��" � � exceed the lesser umount. I.ender may estimate ihe amount of FUnds due on the basis of current data and reaconable
<br /> =��`"'�'� � � � estimates of ex itures of future Escrow ltems or otherwise in accordance with applicable law.
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<br /> The F1mds ch�ll hc hrid in an institutfon whose deposits are insured by a federal agency, instrumenlality,ar entity
<br /> '���•�r�� `� , �""� (including Lender,if Lender is such an instimtion)or in any Federal Hume Loun Bank. L.ender shall appty the Funds to pay
<br /> —' - .. �'.`�� the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually annlyzing the escrow
<br /> _"�� '. account,or verifying tt�e�scrow Items, unless Lender pays Borrower interest on the Funds and applicable law pertnits
<br /> ' „t+':� I.ender to make such a charge. However. Lender may require Borrower to puy u one-time charge for an independent real
<br /> �'�'�°'�'`"Yi°'` ,4. estate tax reporting service used by Lender in connection with this loan,unless applicable law provldes otherwise. Unless an
<br /> `�-� 'j agreement is made or upplicuble law requires interest to be paid,Lender shall not be required to pay Borrower any interest or _
<br /> -�� ' � eaminga on the Funds. Borrower and Lender may agrec in writing,however,that interest shall be paid on the Funds. Lender --_
<br /> � °� ,i shall give to Borrower,wfihout charge,an nnnual accounting of the Funds,showing credits and debits to the FLnds and the --_
<br /> , ��� ,.,�_�... �;, purpose for which each debit to the Funds was made. The Funds are pledged as additionel security for all sums secured by
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<br /> — - - ihis Security instrument.
<br /> � If the Funds held by Lender exceed ihe amounts permitted to be held by applicable law. Lender shall nccount to
<br />-;,�`.' . Borrower for the excess FUnds in acwrdance with the reyuirements of applicable law. If the amount of Ihe Funds hcld by ��.
<br /> •'�' • � Lender ut any time is nat sufficient to puy�he Bscrow Items when due,Lender may so notify Horrower in writing,t�nd, in --
<br /> �;� � •c . •. such cuse Botrower shall pay to Lender the amount necessary to mc�ke up Ihe deticiency. Borrower shall make up the --
<br />_�v:°_ `'` . . deficiency in no more than twelve monthly payments.at Lender�sole discretion. _�,
<br /> -- " � Upon payment in full of all sums secured by this Security Insuument. Lender shall promptly refund to Borrower any
<br /> _ " Funds held by Lender. If,under parugraph 21, Lender shall acyuire or sell the Property,Lender,prior to the acyuisition or __
<br /> - ' sale of 1he Property,shu�l apply any Funds held by Lender ut the time of acquisition or 4ale as a credit against the sums =-
<br /> '� • . . • secured by this Security Inswment. �;�fl
<br /> -� .. � �a- 3. Applicalion oP Payments. Unless applicc►ble Inw provides otherwise, all payments received by Lender under
<br /> J` ` `" paragraphs 1 and 2 shnll be Applied:first,to any prepayment churges due under the Note;second,to amounts payuble under �•�
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<br /> � paragraph 2;third,to interest due;founh.to principal due;and last,to uny late charges due under the Note. `_�
<br />:,:� 4. Charges; Liens. Borrower shall pay ull tuxec, assessments,chc►rges, fines nnd impositions nttributable to thc �;
<br /> ',. .. , Property which may nttuin priority over th is Security Inslrument,and leasehold puyments or ground rcnts,if uny. Borrower �,-.:
<br /> f� • -�.�. shall pay these obligations in�he mwx�er provided in paragruph 2,or if not puid in�hat m,mner,Borrower shall pay them on F'.;:,,
<br /> `:. �r time direcdy to the person owed paymcnt. Borrower tihall prompdy furnish to Lender all notices of amounts to be paid under __
<br /> _ '' �„ � � �his pnrugrnph. If Borrower makes thesc paymen�s directly,Borrower xhnll promptly fumish to Lender receipts evidencing _:-
<br />.. . ' the payments. ��
<br /> . Borrower shal l promptly discharge any licn which has priority over this Security Instrument unless Borrowcr:(a)ugrces _
<br /> '• in writing to the payment of the obligation secured by the lien in u m�mner acceptable to Lender;(b)contesis in good faith the - -
<br /> ry;,,� • e " lien by,or defends against enforcement of the lien in.Icgal proceedings which in the Lender's-opinian operate to prevent the
<br /> � y ^ enforcement of the lien;m(c)secures frorn the holder of the lien un agreement sutisfuctory to Lender subordinuting the lien --
<br /> ; ` to this Security Instrumem. If Lender determines�hat any part of the Propeny is subject to u licn which muy uttain priority
<br /> �.,a��� V over thea Security Instrument,Lender may give Bortower a notice identifying the Ifen. Borrower shnll sntisfy the lien or tuke �,.:Y•-
<br /> , .m!a'�:;�; • ' one or morc of the actions set forth ubove within 10 duys of the giving of natice.
<br /> '� S. Hawrd or Property Insurance. Borrower shull kcep the improvementx now cxisting or herenRer erected on the
<br /> Propcny inaured uguinst loss by firc,h:uarJi includcd within thc tcrni "cxtcndcJ covcragc" •rnd any othcr huxArds,including ,
<br /> floods or flooding, for which Lender requires insurance. This insurancc shall be muinlained in the umounts and for the
<br /> . � . .I Form JO28 9198 qwge:njA�wgi�sl
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