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<br />, m and all easements.aPDua[enances.and �' . . � �. ' . � -
<br /> 'TpGg1'I�R WT('H all the improvements now or heaeafter em,cted on the p pcxty. � � �
<br /> fut�ues aow or h�after a part of tde property.All replacetneats and zdditions shall aL�be coverc�by this Security Insuumen4 � . � .
<br /> All of the foregoing is refe�red to in this Securiry In.ar�ment as the"Property+." � , � F��.
<br /> ' B O R R O W E R C O V E N A N T S t l�a t B o r r o w e r i s l a w f u ll y s e i s e a o f t h e e s t a t e h e r e b y conve yed and has the r i ght w grant and . . � �-�
<br /> convey die Pmperty and that the ProPertY is u�►encumbered,eaccept for encumbrances of rcxord. Borrower wanants and wiU . --
<br /> defend genaally the ude to the Property against all claims and demands.subject to anY encumbrances of record
<br /> TEII� SECURTTY INSTRUMENf combines uniform covenants for nationtil use and non-uniform covenants with limited ��•
<br /> variations by jurisdiction w constiwte a�niform secwrity instrament covxring real property. ° . - -- -.- �; - - -
<br />� UId�ORM COVFNANI'S.Borcawer and L.ender covenant and agrez as follows � ' . . . `
<br /> 1.Payment of Priadpal and Interest;Prepaym�ent aad Late Charges. Borrower shall prompdy pay when due the �: „ n; _-
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<br /> principal of and int�est on the debt evidenced by the Note and any prepayment and late charges due under the Note. ;• •� � __•• -
<br /> ' Z,Ft�nds tor Tazes and Insuraace. Subiect tn applicable iaw or tn a miaen waiver by Lendea, Sortower shall pay to ! i . : , . _��.
<br /> Lender on the day mantWY PaYments are due ander We Note,uati�the Note is paid in full,�swn("Funds")for:(a)Yeazly taxes � . ... . �
<br /> and assessments which may auain priocity over this Saauiry Iastrummt as a lien oa t he P r operty:(b)Year ly l e a s e h o l d p a y m e n t s � , `�:�-
<br /> earl fload insuranee emiums.if y°��;._
<br /> or grouad re�ts on t�e Prope�ty,if anY.(�)Y�Y b�or pmperty insutance p r e m i u m�(�Y Y Pr . . "�`.'• °
<br /> anY.(e)Yearly vta��ge insarance pm,�niums.if any;and(fl anY sums PaYable by Borruwer to Le�dea,n�accordance with Ihe . , "
<br /> provisians of paragraph S, m lieu of the payment af mortgage sns�uance premiums.These items are called "F.scmw Items." • ' , _�`-.
<br /> Lendxe�ay,at any tune.collect and hold Fuads in an amo�mt not to eacoezd the maaimum amaunt a lendea for a fedetally relat�ed ,. . �.�y��`.
<br /> mait�e loan may requi�e for Borrower's escrow account undea the federal Real Fstate Setilement Procedures Act of 1974 as ,- Y ::._-
<br /> me -
<br /> amend�3 from time w time,12 U.S.C.Section 2601 et seq. ("RESPA'�,imless ano4her 1aw thai applies tn the Funds sets a lessec ---_---
<br /> amomnt If so,Le�may,ai any tiTne, collect and hold Funds in an am4unt not to e�cceed the tes�amount Lendea may ' .
<br /> esmnats the ama¢s�ch Fw�ds due on the bads ef current data and reasonable estimares of expendiwres of fumre Escrow Items or �,.`��''-q:
<br /> oiheativise m aoco ' with apgl°rable law. - '-
<br /> 'Itte�unds stu�te held in�:�stitution whose deposits ar�e insiued by a fedeaal agency,ins�uumeatality,or eatity Cmcluding ,y.�. � ,_�t�`�°..
<br /> • .� S - `_
<br /> I.�dea.if Leader;s sach an ins.;...-rion)or in any Federal Huaie Lnan Ban1c. I.endea shall apply the Funds tn pay�e Escrow '�`=`�i
<br /> 'i�°: —
<br /> Items.L.euda m�^3�r�at charge Boriowea for hol�a and applying the Fands,annually analyzing the e�ac�+account�veiifying . ,5
<br /> � • the Fscrow Items,dess Lender pays Borrour�i�est on the F�mds and applicabie law peymits Lender m make such a charge. , : , r � ����_•
<br /> ;• .�� ., .
<br /> Ho�aor,�,I.end�cnay reguire Bai►owea w p�a cne-risae c�ge for an independent real estate tax�g service used by . ''�-.`. :• �` ,• --
<br /> • F I.e.:r���wnaeceion with this laan,wless applicabls 1�.-w�nnvides otheiwisc.Untess an aSree�nent is made or ap�rr?ssable Taw ._.. _.j ,,: .
<br /> req�es inte�st to be paid.L�eu�a shall not be required tr��ap Ba►rower any inteaest or eammgs on the Funds.Bsu�,a+e,r and �.rr;t • � •' �
<br /> r �-,: �:��
<br /> Lender may�ee�writing,h��a�.°ver,that interest shall be gai�on the Funds.Lea�da shall give w Boaowes,withnat c.�ge,an � . - i,,:. -
<br /> .. annual accowiting of t�e Fun3g,sfissowiag credits and debits w ths Funds an3 the u�wse for which e�h debiE to the Funds was .,,;�-�a-• -
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<br /> made.'I7ie F�►ds aYe p2edged as�ddirional secz.,�-�ty for all sums secured Uy this Seairity Instrument • . `,`r,;'_
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<br /> If the Fm�ds hetd by I.ende�ewc�d t�e z�:mts peaaiitted tn be held bY aPplicable law,Lender shall acco�nt w Borrower for .� .. f(' _.�-.
<br /> � the excess Funds in accordance w�h.ihe req�rm2uuts of a�licabte law.If the amount of a�e Funds hetd by L.enda at any time is '�"'� %�i� '
<br /> not suf6cie�t tn pay the Escrow items when dne�T.ender may so norify Bor�ower in arripng,an d,in sa c fi c�se Borrawer s h a ll p a y .,.`1�.:.
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<br /> ,,.,. to I J e a n d e a r t he amoun t necessary t o m a k e u P t h e d e fi c i e a c y. B o i r o w e r s h a U m a k e u p t h e d e f i c i e u c 3: � n o m o r e t h a n t w e l v e _�..: - k;,. -
<br /> monthly p�yments.at Lendea's sola disaetion. " � �� �s�-,. .
<br /> . � �Tpon paymeut in fuU of all sums secured by this Security Instrumeat,Lender shall pmmpdy re fun d tn Borrowea a:.y Funds �_��• - _
<br /> '�P���,i,..•--Rr
<br /> heJn�y Leader.I�mde,r paragraph 21.L.e�der shall acqu�or sell the Property,Leuder,Prior to the acquisidon or�z of the , _ ��`����--
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<br /> . .' Pmpeaty,shail apply any Funds held by Lender at the dme cf ac:quisition or sate as a credit agau�st the sums sectued by this '�' --- •.;g...�-.
<br /> Seauity Instruruuent :;��:,p�:=-_
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<br /> . � . 3.AppikaC�,�of Payments. Unless applicable 1aw pmvides od:eiwi�,.::1 payments received by Lendea under parngrapbs _ "=�y�.f�f�..�;_.,
<br /> 1 and 2 s6a11 be�plied:first,t�a any prepayment charges due unda the 1���:secor,d.m amounts payable under para�aph 2; _ =-s�t:j-'r;�
<br /> . th:r��„so inte�est dn�foueth,w Dr�.,:_cipal due;and last,to any late charges due under the N�. '"'"�s,x� -� -
<br /> 4.C6arges:Lieas. Bonower sAall Day all ta�ces.�ents.charges, 6nes and 'unposidons sun7sutabte w the Propeaty `'�;��u`•f5� :;:, _
<br /> � whic6 may suain priority over this S�trity I�:..unen4 and leasehold payments or ground rems.if any.Boaowea shall pay these � ,�,,.
<br /> obligations in the manner provided in paza�2,or if not paid in that manner, . ''� '.���'.°'
<br /> Berrowea shall pay thean on 6me dsectly tn the '.;. ,.�. -u.' °�.'=
<br /> peason owed payment Bonower shaU promprIy fumis6 to I.e.ndea aU nouces of amounts to be yaiB�under this pa�agraph. If " ��-�--��
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<br /> Borrower makes these paymeau direaly,Borrower s h a t l -�t y f w m i s h t o L en da r c�e ip t s e v i d e n c i n g[h e F a y m e n t s. ' -�,�„�;;s;��"-�_,,.�---_
<br /> f Bonowa shaU promptly discl�arge any tien whic6 hzs�c*ity over ihis Security Instrument untess Boimwer:(a)agrees in . -' . __
<br /> wridag m the paymea�t of ths obligation secured by the lie:a��a manaec ac�eptable to Lender;(b)contests in goad f�itb the lien , . _
<br /> • by.or defends ageinst enforcement of the liea� in.legal proceedings �:its�h in the Lender's opiirian ope�ate to prevent the .�t.;.;::.�:,_ �.�.�� ---
<br /> enfo�ement of the lien:o:(c)seraues from the holda oF the lien an ageement satissfactory tn Lender subasdinating the lien co ,�"`'. ` ... `' —
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<br /> this Security Insmiment If Lec;,�r deteamines that any part of the Prop�ty is sublect tn a lien which may ausin priority nver this ' � ;��'�`L. ��
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<br /> Security Instrument,I.ende.r may give Bormwea a nodce idendfy�g the lien.Boirowca shall satisfy the lien or take one or mor+e ������� �' , -
<br /> ' of the acdons set fonh above arithin 10 days ot'�he giving of notice. � '. ." "
<br /> �a` Form 80�8 �I90 '
<br /> �•8i1(NE7{92i2).m Page2me Inmats: - � . �.. . ' `,�i,',:`„ �
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