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<br /> � 98— �c)�'L73 .
<br /> I TOCiflTHER WITH a!1 thc improvcmcnts now on c�rcaftcr crcctcd on thc ptoperty, at�d aU cascmcnls,apputtcnances,and ...
<br /> fixture.v now or hereafter a part of the property.All replecements and additions shall also be covered by this Security Instrument. `"
<br /> � All of thc forcgoing ls rcfertcd to in this Stcurity lnswmcnt as thc"Property." -
<br /> BOItROWER COVENANTS that Boaower is lnwfuAy seised of the estate hercby convcyed and has the right w grant and
<br /> convey the Prapeety and that the Property is unencumbered, except for encumbrances of record. Borrower waaants and wili L
<br /> ' defend genernUy the dde to the Property against all claims and demands,subject to any encumbrances of record. � �
<br /> THIS SECURITY INSTRUMENf combines uniform covenents for nadonal use and non-unlform covenants with llmited
<br /> variadons by jurisdjction to constitute a uniform security insuument covering real property+. ,,. �;;li�_
<br /> UNIFORM COVL�NANTS.Borrower and Lender covenant and agree as faAows: `' ''
<br /> 1.Payment at Princtpal and Interest;Prepyyment r id Late Charges. Borrowcr shall promptly pay whcn due the '��• :'.-T�—
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<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. '
<br /> 2.Tuads for Taxes and Ineurance. Subject to applicable law or to a wriucn weiver by Lender, Borrower shall pay w -
<br /> Lender on the day monthly payments are duc under the Note,undl the Note is paid in full,a sum("Funds")for: (a)yearly taxes _�,,,�
<br /> and assessments which may attain priority over this Securiry Insmiment as a lien on the Property;(b)yearly Ieasehold payments °
<br /> � or ground rents on the Property,if any;(c)yearly hazard or property insurance premiums;{d)yearly flood insurance premiums,if
<br /> any;(e)yearly mortgage insurance premiums. if any;and(�any sums payable by Borrower to Lender,in accordance with the � '
<br /> provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br /> L,ender may,at any time,collect end hold Flinds in an amount not to excecd the maximum amount a lender for a federaUy related •
<br /> mortgage loan may require for Borrower's escrow acr.ount under the federal Real Fstate Seulement Pracedures Act of 1974 as t:�,'"'{,�
<br /> • amended from dme to time,l2 U.S.C.Secpon 2601 et seq. ("RESPA"),unless another Iaw that applies W the Funds sets a lesser _
<br /> � amount If so, L.ender may,at any time. collect and hold Funds in an amount not to exceed the Iesser amounG Lender may '"�=°,�W�
<br /> �. estimate ihe amount of Funds due on the basis of current data and reasonable estimates of expendidues of fuwre Escrow Items or �����,�
<br /> • othenvise in accordance with applicable law. , �;y����•
<br /> The Funds shall be held in an insdtution whose deposits are ins�red by a federal agency,instrumentallty.or endty(including ;�;�!'��
<br /> � L,ender.if L.ender is such an insdwtion) or in any Federal Home Loan Bank.Lender shaU apply the Funds to pay the Escrow � �:—
<br /> _. . Itcros.Lcs�dcr snay nos cbarge Borro::�es for hQ4ding and applying the Fands.anr���Ally anAly�ing the e.ecmw account,or vei�fying .�:ri��=
<br /> the Escrow Items,unless I.ender pays Borrower interest on the Funds end applicable law pecmits Lender to make such a charge. _ —
<br /> However,Lender may require Borrower to pay a onc•t3mc charge for un independent real estate tax reporting service t�sed by �r�-
<br /> Lender in connecdon with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law ='-==
<br /> ',, requires interest to be paid,I.ender shall not be required to pay Borrower any intemst or camings on the Funds.Bomnwcr end "`�;'
<br /> Lender may agree in writing,however,that interest shaU be paid on the Funds.Lender shall give to Boaower,without charge,an _ ���.
<br /> �• annual accounting of the Funds,showing credits and debits to the Funds and the purpose for which each debit to the Funds was �
<br /> � made.The Funds are pledged as additional security for all sums secured by this Socurity Instrumen� v"`
<br /> '� � If the Funds held by L.ender excecd the amounts permiucd to be held by applicable law,L.ender sball account to Borrower for �
<br /> the excess Funds in accordance with the requirements of applicable law.If the amount of the Funds held by Lender at any ttme ts
<br /> not sufficient to pay the Escrow Items when due,L.ender may so notify Bonower in writing,and,in such case Borrower shall pay ___=
<br /> � � W Lender tho amount necessary to meke up the deficiency. Borrower shall make up the deficiency in no more than twelve
<br /> '" monthly payments,at Lender's sole discrction.
<br /> Upon payment in full of all sums secumd by this Sccuriry Ins�ument,I.endcr shall prompdy refund to Boaowcr any Funds -
<br /> � , held by Lender. If,under paragraph 21, I.cndcr shall acquirc or sell the Property,I.ender,prior to thc acquisi6on or sale of ihe
<br /> Property,shall apply any Funds held by Lender at the ame of acquisidon or sale as a cm.dit against the sums secured by this =__
<br /> �`� Securiry Instrument __
<br /> � 3.Appucetlon ot Peyments. Unless applicable law provides otherwise,ull payments received by Lender under paragraphs =__ �._�.v.
<br /> 1 and 2 shall be applicd: first,to any prepayment charges due under the Note;second,to amounts payable under paragraph 2;
<br /> ' th'vd,to interest due;fourth,w principal due;and last,to any late chazges duc under the Note.
<br /> � 4.Charges;Liens. Borrower shell pay all taxes,assessments, chargcs, Fines and impositions aaributable to the Property - — -_"
<br /> - which may attain priority over this Security Instrument,and leaschold payments or gmund rents,if any.Borrower shall pay these :"�'. # ��'�`�
<br /> obGgations in the manner provided in paragraph 2.or if not paid in that manner.Borrower shall pay them on dme directly to thc " .��:
<br /> person owed payment Borrower shall pmmptly fumish to Lender all nodces of amounts to be paid under this paragraph.If --����. �,��,�� �,,:._-•
<br />- � Sorrower makes ihese payments d'uecdy,Borrower shall prompdy furnish to Lender receipts evidencing the payments. , �-.�-. .:-
<br />; i aorrower shall promptly discharge any lien which has priority over this Securiry Inswment unless Borrower. (a) agn,es in .,,:-�' ��'....
<br /> � writing w the payment of the obligation secured by thc lien in a manner acceptable to I.cnder;(b)contests in good faith the lien ���<:�„ ��`` �
<br /> ' � by, or defends against enforcement of thc licn in, legal procecdings which in the Lender's opinion operate to prevent the "
<br /> � enforcement of the lien;or(c) secures from the holder of ihe lien an agreement sads(actory to Lender subordinating the lien to ,
<br /> - � this Security Instrument.If Lender detcrmines that any part of the Property is subject to a lien which may auain priority ovcr this
<br /> ° ' Security Instrument,Lender may give 9onower u nouce idcnufying the licn. Borrower shall sausfy the lien or takc one or mor� (
<br /> of the acpons set forth above within 10 days of the giving of nodce. • ,
<br /> Fotm 3028 9I90 �
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