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<br /> - p pe and all ea�ements.appurtenances,and '` ;�:,t,;: _ `
<br /> . TOGETH�R WITH all the improvements now o�r iereaft cerare�n�and addiuons shall also 6e co�•ered by this Security ' i
<br /> fiitures now ot hereafter a part of the property• reP ;` . `,; �`
<br /> lnstrument. All of the foregoing is refened to in this Security Instrument as the "Property.” _��:�_:,�_`_�.;.� '� .
<br /> •<<r BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and ,, . _
<br /> � convey the Property and that the Propecty is unencumbercd. except for encumbrances of record.Bornower wairants and wi�1 :
<br /> r •
<br /> � defend generally the titie to the Property against all claims and demands.subjecc to any enc�umbrances of record. `,,.; �"$`'�,�`
<br /> THIS SECURITY INSTRUMENT combines utriform covenants for na[ional use and non-urtiform covertants a+ith�imited _. , `�:: �
<br /> . ,.,,_ �.
<br /> ` variations by jurisdicUon to cons;itute a uni�orm security instrument covering real property. • - _ _
<br /> UMFORM COVENANTS.Borrower and L,ender covenant and agree as fallows: � . ; _ _
<br /> ent and Late CLatg�s• Borrower shal i prampdy paY when dae the _
<br /> ' 1. Faymeat of Pdacipal aud Intetest; Pre1�3'� . �" .. .�
<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. � ; : , �.: , -
<br /> ' 2. Funds for Taxes and Insmrance.Subject to applicable law or to a written waiver by g.ender, Borrower shall pay to .. '; r, ;, ._
<br /> ,_`-==�v
<br /> .�:•�-_---..'�
<br /> Lender on the day monthiy payments are due under the Note,until the Note is paid in full,a sum ('Fueds"1 fvr:(a)yearly taKes ��r°;-,:-�=fp.�: .
<br /> and assessments which may attain prioriry over this Security Instrument as a lien oa the Properry; (b) Y�9��-�h'°Id paymenu �;���@�'�fr �-
<br /> ,��,'i,., or ground rents on[he Property.ef any:(c)Year1Y ha�.ard or pr°perty insurance premiums;(d)YeariY fload i�sur.inoe Prermu°°S. r--,����
<br /> if any: (e)YeaTly mortgage instuance premiums. if any: aad(� any sums pa Taebl�e�BThese t�as aredcalled "Fscrow I e�s-' 4 r';�:�':�'���-�,
<br /> ' h 8,in lieu of the payment oi mortgage insurance P '`'- °;
<br /> t�he provisions of paragrap .;-•• ' �-° .
<br /> �,' �,-..-�...�-
<br /> Lender may. at any time, collect and hold Funds in an amaunt not to exceed che maximum asnount a lender for a feder�.uy �< ..m.%�� �:•.�• , �
<br /> " related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlemcat Procedures Act of r. � . ���� .Y';
<br /> 1974 as amended from time to time. 12 b;.S.C. Section 2601 et seq. ("RFSPA'). e�aless another law that ap��.es to the Funds
<br /> �_ a: an time, collect and hold Funds in an azaaunt not to exceed�'�lesser aznount. 7� � : s-
<br /> �' s e t s a l e s s e r a.-n:o u n t. I f s o, L,e n d e r m? Y
<br /> •���'�+:.� i,ender may �'-.�ate the amount of F�zcis�-e on the basis of current data and reasona b le e s t n.---�=�o f e c��.�.'i t u r e s o f f u t u r e "'' � ,` �:f-.. ;;�;;."",±�
<br /> -�'r.. . � .. �
<br /> Escrow Items or otherwise in accordance�rich applie;�?.�'e law. .�R
<br /> � ' The Funds shall be held in an insutution wi:�:se deposits are insured by a federal agency, insm_�..'�1ity. or enury ; 'n. ` �:��
<br />.. . aPPS -'' ..� _ __._.
<br /> „ . (including L�der,if I.ender is such an institution)or in any Federal Home I.oan Bank•L.ender shall� 1�e��Vds�°Pay p= =�;��;:,
<br /> Fscrow Itess-L�ender may not charge Borrower for holdipg and apphnng the Funds.annual�Y a=-��lY �g
<br /> � veri in thQ iE.�crOw Items,unless Lender pays Borrower interest on s�e Funds and applicable La:���e�nreer�t�mak�w�t .,'��'. —
<br /> - fY S . a°
<br /> a charge. However,Lender may rec{uire Borrower to pay a one-time charge gor an independen -�1 P ,-,: .- ,.
<br /> �¢d �y Lender in connection with this loan. unless applicable 1aw provides othernise. Unless an agreement �s ma�z°r ,
<br /> . '4 . • }-_
<br /> -��,,.'', applicable law requires interest to be paid.Lender shall not be required to pay Bc=rower anY iR=erest or�min�s on the Fe�ds. : ,�� : ,{� . r.
<br /> ���-'.•; ee in writ.. however, that interest shall be aid on the Funds- Lender shall gi�e to Barr�u:a. : ',+z'`: �r.
<br /> '�" � � Borrower a�i Lender may agr $• p
<br /> %y�i�..� �����?�`
<br /> '��, � . without ci*.::�..�z. an annua� accoundng t f��'�e Funds. showing credits and debiu to the Fur.ds aai the purpose for whicf��:h ,,,ri •:�..
<br /> '.�: •,:, r, ... �
<br /> debit to the Funds was made.The�u-:cs�e p1edSed as additional security for all sums secure,9�Y t1i�s Secunty���ment. •�+•• . �' �
<br /> If the Funds held by l.ender exc�-'��a�°LL-^�Pe��to be held by applicuble law.Leader shall zcoount to Borrower ,FL �a, .; .-,
<br /> 1�;
<br /> � for the eacess Funds in zcoordance��•y��:'�e requirzments uf applicable law. If ttYZ amouni of t�e Funds hetd by Lender at suiy ,
<br /> time is nec sufficient to pay the Escrca�ytens when d-ae,Lender may so notify Borrower in writing,and,in such case Ba:TOwer ".�' �j
<br /> .. shall pay to�iznder the amaunt neaES,�ry Fo m�e up the deficienry. Boaower shall make up the deficiency in no more than •r:,•-�-
<br />; .s.�`•.
<br /> ' twelve ma:^fiily payments, at Lender's sole discretion. .
<br /> • •• Upon payment in u�i_f of all sums secured b�• this Security Instrument,Lender shall promptly refund to Borrower auy „�______�
<br /> Funds het�by Lender.[°. ��.�.der paragraph 21,Lender shall acquire or sell the Properry,Lender,prior to the acquisttion or sale •_�n'�:�
<br /> . ' of the Pr�y.sha11 aPP�Y�Y fiur.ds held by Lender at the time of acquisition or sale as a cr�edit against the sums sec�red by �.,;7_r�,
<br /> � this Securiry Instrument. _:' �'��:
<br /> �. 3.Applicatioa of Payments-i:y-n�ss applicable law provides otherwise.all paymenu received bY ble underer p�P2: ,.�..��'.?�'
<br /> �� !and 2 shall be applied: `i-st,to any prepayment i��.:sges due under the Nate:sec:and. to amounts PaY p�P � � ; ' '° —
<br /> �.._,�..�_. '
<br /> third.to interest due;foµ��^.�o principal due:and 1��,to any late charges due un:tr�che Note. �,_,:�,;�e, ..r.� _ �
<br /> • 4.C�a�es;Liens. $orrower�i:��ay all taxes.assessments.charges.fines ar.d imposi�ions attribc:a!�`r to the Property — _, -
<br /> . `' which may attain priority over this 5..::rity Inswment, and leasehold paymenu or grour.d im.:s. if any. �orcower sh�ii�pay �,x,;'..•-� -
<br /> � � , these obligations in the manner provide,�in paragraph 2,or if not paid in that manner,Sorred•��s'iall pay them on�ime c�:.msctly , ., .r�
<br /> . � to the persori owed payment. Bonower shall promptly fumish to l.ender all nopces of arr_ounts to be paid under this paragraph• �� � ::r�; _--'
<br /> "`• If Borrower makes these payments directly.Borrower shall promptly fumish to Lender rec.eipts evidencing the paymems. _ ',
<br /> Borroxer shall promptly disci�ar�e anY lien which has priority over t6is Securiry Instcument unless BoFrower: (a)agrees in ----�-
<br /> � writing e�ahe payment of the obligaurn secured by the lien in a manner acceptable to l.ender: �'r)contests in gond faith the lien :`.•�;:�"`
<br />,"� � by, or Cefends against enforcement ci-the lien in, legal proceedings which in the Lende�''�opinion operate to prevent the , .: .
<br /> enforcement of the tien: or(c)secures from the ha3er of the lien an agreement satisfactory to Lender subordinating the lien to :�y�;r��:�T,•�•,.
<br /> this Security Instru�r.c-+.L°.. If L.ender determines[r..zt:any Pan of the Property is subject to a lien which may attain priority over ;;, ` : . �.
<br /> ;;.'�,:���• this Secur:�y Instrume,t. Lender m.ay;;sve Borrower a notice identifying the lien. Borrawer shall satisfy the lien or take one or _�'u, -'v^__ �Ttt'
<br /> I�1:j9:�FV.-• .
<br /> V `�- � more af�}:actions set forth above��•e�'�in 10 days of the giving of notice. �„����f�,�
<br /> :.;y:,i� , Form 36?S fl19b }�;-�-.-:_...
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