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<br /> ' . . . �nr�'}{�K �{rI7'H all vtor hereafter part 4 the property��.rVl rmlatcements and ddt ios}is shal also he����� y -. 'r µ s
<br /> � appurtenances,and fixtures nat .
<br /> . � _ �� by this Security Lnsttumen��lll of the foregoing is referred w in th�s Security Instr�ment as thc"Propercy-" ` .
<br /> � . . � _ BORROI�BR COVE;�a:�1TS that Bo Pro is las un�eYncumbered.h xCept for encumbrances of recordhAorgi�on�er(� `
<br /> � gtant and con�ey the Property and that p�1
<br /> narrants and nill defend generally the title to the Propeny against all claims and demands,subject m any Cncumbrancrs�A .
<br /> s ` - of record. • ��iform covenants for national use and non-uniform co��enants�vith� - -,— -- • -_-_-
<br /> 'TI-IIS SEl:L'ItITY 1NSTRlJ�,'�T combin . ,
<br /> limited��ariations by jurisdiction to constatirtea uniform security instrument covenng rea i pro p c rt l- Q
<br /> 1J�;IFOR�rt COVENAIVTS.BorroNec and Lend ��t a d L ate Char ges�iBorrower shaU promptly pay�vhen due� . ,� •:: '..`'4 �.
<br /> - 1.Payment of Principa l an d In t e r e s t;P r e p a Y y p m�t and late charges due under the Note. __ ' ` �3: ,•`.�,` '
<br /> the principal of and interest on the debt evidenced by the Note and an• repsY . .;;...
<br /> ' ' 2. Fuads for Tages and Insutance.Subject w applicabte law ar to a written waiver by Lender, BorroNer shall <«�
<br /> � ' pay to Lender on the day monthly payments are due under the Note.until the Note is paid in fuil,a sum ("Funds")for. . .,.(;
<br /> _ , , (a)yearly taxes and assessments which may attain prioritp over this Se�urity lnstrument as a lien on the Property:(b� � �_
<br /> yearly leasehold payments or ground rents on the Property,if any;(c�yearly hazard or propeRy insurance premiums; ,_ '`
<br /> sums payable
<br /> .s �}-
<br /> ' �d)Y�ly fl�o Lender n accordauce��vith the Proviisy'�ons of pa$ragrap 8c in 1 eu of he Qayment off mortgage insurance , _� �r
<br />. � by Bonower t , - _ �_
<br /> � premiums.These items are called°Esc�'°�'Items�1��'may,at any time.collect and hold Funds in an amount not .�
<br /> to exceed the magimum amount a lender fot a federalty related mortgage loan may require for Burrowers esccow .�� •� .: .';,.�-
<br /> � account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C:. �
<br /> � �- Section 2601 et seq. �"�PA�).uuless another law that applies to the Funds sets a lesser amount.If so,Lender may. i ' � y-,���
<br /> at any time.collect and hold Funds in an amaunt not to exceed the tesser amoun�Lender may estimate the amount of
<br /> ,.,,;. ,
<br /> � � Funds due on the basis of current data and reasonable estimates af expenditures of future Fscrow Items os other�vise in --- ,�y
<br /> ��' accordance with apphcabl
<br /> e law. . tit '���=- ;
<br /> �� The Funds shall be held in an institution�vhose depc�sits are�t�sured by a federal agency,instrumentality,or en y ��-.:,.Z.,ys r
<br /> , �S,`
<br /> -- � {;nciuding Lendet.if L.ender is such an institution)or in any Federal Home Loan Ban h F ndss annua ly analr ag the ` ; �,s��".;
<br /> ' • pay the Fscrow Items.Lender may not charge Borrower for holding and appiyi g -, _sy;
<br /> � � escrow account,ar verifying the Escrow Items,unless Lender pays Bu re Borrower to pap a one-�t me chargebfor an ,. �y��
<br /> ' , pecmiu Lender to make such a charge. However, Lendec may req ` ��, :� `'�+`
<br /> ' independent real estate tex ti'eporting setvice used by Lender in connection with this loan,unless applicable law provides ., f�,��
<br />`,;��.. , � � . othernise.Unless an agreeinent is made ar applicable taw requires interest to be paid,Lender shall not be requtted to ;,. ��;
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<br />"•; . . � �, ; pay Borrower any interest or earnings on the Funds.Bottower and Le�►der may agres in writing.hocvever,that�nterest : ..;^.a:
<br /> shall be paid on the Funds.Lender shall gire to Borcower.p ithout charge.an annual accounting of the Funds.showing ; ���_.;
<br /> � ' credits and debiis to the Funds and the purpose for�vhich each debit to the Funds was made.The Funds are pledged as . ,e,;r�r,
<br /> �;�qw.
<br /> additional securitq for atl sums secured by this Security Instrumen� �•:. �+++� __
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law,Lender shall account to , , °:�
<br /> _'_.�, _. . . ` .,� �. :.i,,.,
<br /> � � Borrower for the excess Funds in accordance cvith the requirements of applicabie law.If the amount of the Funds held
<br /> .� . by l.ender at any time is not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing, ;, ,u":�_"_
<br /> � � and.in such case Borrower shall pay to Lender the amount necessary ta make up the deYiciency.Borrawer shall make �; .t+:.
<br /> ".' up the de�ciency in no mare than twelve monthly payments,at Lender's sole discretion. . ;' rL 3',�'
<br /> ' , Upon payment in full af all sums secured by this Security Instrument,Lender shall promptly refund to B orroner � , _r��:
<br /> any Funds held by Lender. If, under paragraph 21. Lender shall acquire or sell the Property. l.ender, prior to the .:':;; . ' . .��
<br /> � a c q u i s i t i o n o r s a l e o Y t h e Pro pert Y,shall a p ply any Funds hetd by Lender at the time of acquisition or sale as a credit ,� . �,
<br /> • " a inst the sums secured by this Security Instrument. $ m��,y received by lxnder under �.• ,"�-'
<br /> � • �- � 3. ApQlication of Payments.Unless applicable law psovides otherwise,all p y -
<br /> , � �� ' paragraphs 1 and 2 shaU be applied:first,to any prepayment charges due under the Note;second,to amounts payable
<br /> " un der parag r a p h 2;t h i rd,to interest due:fourth,to principal due;and last.to an}•late charges due undet the Note.
<br /> • 4. Charges; Liens. Borrower shall pay ali taxes,assessmer►ts•charges,fines and impositions a t tri bu t a b l e t a t h e
<br /> � , � Yroperty nhich may attain priority over this Security lnstrument,and leasehold payments or groiind rems, if any. ' ,
<br /> • $orro�ver shall pay these obligations in the manner provided in paragsaph 2. or if not paid in that manner,Borroner
<br /> • � � � .'�j shall pay them on time directly to the person owed payment.Aorrocver shaU promptly furnish to l.ender all noticesof . .
<br /> amoun t s t o b e p a i d u n d e r t h is para g r a ph.If Bonower makw�these payments directly,Bonower shall promptly furnish
<br /> to l.ender receipts evidencing the pay ments.
<br /> Aorrower shall ptomptly�discharge any lien which has priority over this Security lnstrument untess$orrower: (a) . :
<br /> ' � agre�in writing to the payment of the obligation secured hy the lien in a manner acceptable to I,ender;(b)contests in
<br /> .�`� gond faith the lien by,or de4ends against enforcement of the lien in, legal pr��ceedings evhich in the l.ender's opinion .
<br /> � • operate to prevent the enforcement of tfie lien:or (c)scxures from the holder of the lien art f h Ym�rt�S iscsub ect .
<br /> Lender su}x�rdinating the lien to this Security Instrument.lf Lender determines that any p Pe Y 3 ,
<br /> t��a lien �vhich may attain priority over this Security Instrument.Lender may give Borrower a notice identifying the
<br /> � lien. Horrnwer shall satisfy thc lien��r take one nr more uf the actions set torth ahove within 10 days of the giving of
<br /> nuticr. • .
<br /> . Form 30�/8� �/9/0�Q � •
<br /> . —6H(NE1�94o3�.0+ CYNE O1106/98 3:35 � 0063552051 °jv�°'° �n�tlala V�,\.�i� .
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