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<br /> .. . R�RECORQED ..°�:
<br /> - � �� ; . � - � 98��t��.�� � 9�� ���s� --- ; - : :.�:
<br /> ' , . � 1�G�THIIt WTfH all the improvemeats�w or her�foer ecected on the pmperty,and a11 easemenu.apPurteaances.aad ;`.r°�`�,�� L,,.
<br /> •� „ ` � • fiatures now or hereafter a part of the pmperty. All replacemenu and additions shall also be oovered by tbis Saauity ' ,
<br /> . . � • Instniment.All of the foregoing is referred co in this Security Instrumeat as the'Pmperty.' ' . : °�,�
<br /> � � BORROWER COVENAN'i'S t�at Bormwer is lawfully seised of the estate hereby conveyed and has thc right w grant nnd ``�` �
<br /> ��.•� �r` '<<, .
<br />: ' . convey the Pwperty�d that the Property is unencumbered. eacept for enc�brances of record. Barrower wamants and wc�l .. ` `.
<br /> - � ' defend genetally the[ide[o the Pmperty agaiasc aU claims and demands,sub}ea co any encumbrances of record. _�`. , , < '.
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<br /> :.`w. -�-"'` THIS SECURYfY INSTRUMENT oombines unifoim covenants for national use and non-uniform coven�ts with limitefl - .::: <. � ..
<br /> . ; —. Y' variations by jurisdictioa to constidrte a uniform secarIry insnumeat covermg reat property. `'r � _
<br /> � ` UNffORM COVENANTS.Borrower and I.ender cove�t aad agree as follows: �
<br /> �, - .� 1. Paymeat of R3adpal aad� PrePaymeat aad Late Charges. Borrower shall PromP�Y PaY when due the . `.° `',`
<br /> ' .- .,; � p:incipal of and interest oa the debt evidenced by the Note and anY Prepayment and late charges due under che Note. , 4:<�,•_� .,.
<br /> � Z.Fands for Taxes and Iaanance.Sabjec[to applicabte!aw or to a written waiver by LRnder, Bormwer sTiall pay to � ��.. - . _
<br /> �.:; l�ender oa the day monthiY Payments aie dne vader the Note.until the Note is paid in fWl,a sum('Funds")for:(a)Y�Y� -
<br /> - � . - and assessments wluch may attain priority over this Se�uity Instrument as a lien on We Property;N)Y�]►leasehold payments °`•'-_
<br />�-` " � :.,; or ground tents on the Property,if any:(c)Yearly hazard or property insm�oe premiums;(d)Yearly flood'msunnce preuriums, .°`� ,
<br /> • . � if any:(e)Yearly mortgage insurance premiums,if any;and(�anY sums Fayable by Borrower to Lender,in accordance arith _ � r`^-�'.-`
<br /> ' ..P the provisions of paragraph 8,in lieu of the payment of rnortgage i„�.ance p��miu.These items are caUed'Escrow Items." . `.-��-,-
<br /> �` �. � � Lender may,at aay time, collect and hold Funds in an amount aot to e�cceed the maxim�um amount a teader for a federally - �:�• � �, -
<br /> ' ` •` �5 related mongage toan may require for Bomower's escrow account under the federal Real Estate Settlement Pracedures Act of < <
<br /> :��: . � ''4� 1974 as amended from time to time, 12 U.S.C.Se�tion 2601 et seq.(°RFSPA'7,untess another law that applies to the Funds ; ' . - -
<br /> � � ' seu a tesser ammmt. If so. l.ender may,at aay rime, collect and hold Fuads im an amount not to exveed the lesser amoimt. , �-:"�'�
<br /> • - �=�F . Lender may estimate the amount of Fuads due on the basis of aurent da[a and reawnabte estimates of eap�ditures of future ,:-..;r::�'::�-
<br /> •z';� . Fscrow Items or otherwise in accordance with applicab2e law. ..�•,:uf x_='`
<br /> ,: .:'"L°t;..: .�`.'o' ,.
<br /> - � � ��.:� The Funds shall 6e hetd in an instit�rtion whose deposits a:e insured by a federal ageacy, instrumentaliry, or emlty ";`°° � °
<br />-�� ' � ',.�' (including Lender,if Lender is such an instiwaon)or in any Federal Home Loan Bauk. Lender shall agply the Funds w pay the r>�,.:�-.
<br />" ' Esccow Itemn.Lender may nos charge Bouower for hatding and applyiAg the Funds,annnallY analyz�g the escnuw account,or ' ' '±�-:�-.
<br />- . . •:~°F verifyinS the Escrow Items.unless Lender pays Bonower interest oa[he Fw►ds and applic�le Iaw permiis Lender to wake such • .' � ,,;�.,-�- ,
<br /> �� . �� . .'k���-
<br /> a charge.However.I.eader may require Borrower to pay a one-time charge for an indepe:,dent real e.state tax reporting service •,..,,�,.,�,
<br />�.��. . .. used by l.ender in connec�ion with thls loan, nnless applicable law provides otherwise. llntess an agreemcnc is made os =__---
<br /> �� . • applicab2e laar requires inte�st to be paid,l�ender shall nat be require8 to pay Borrower any interest or eamiags on the Funds. � ' j;_-
<br /> •��-•' . . •� .�� Boirower and Lender atay agree in writing,however,thaz interest shall be pa�d on the Funds. Lender shall give to Borrower, 1 �' ' ' `,{�
<br /> � ' • �� without charge, att annual aocounring of the Funds,showing crediu and debits [o the Fuuds and the pwpose for which each :"��-
<br /> :�._-
<br /> � . , debit to the Funds was made.The Fuads aie pledged as additional security for all sums secared by this Se�riry Insuument. �.Y`�. ,-•.`" -
<br /> • � . � If the Funds held by Lender eaceed the amounu pennitted to be hetd by applicable law.Leader shall accnum to Bosrower ' • '�
<br /> '�{� • for the excess Funds in accardance mith the requiremenu of applicable law. If We amount of the Funds held by I.enBer at any =_
<br /> �� - - � time is not sufficiem to pay the Fscrow Items when due,Lender may so�rify Borrower in wricing,aad,ia sach case Borrower :°" .4 � `.��_
<br /> `.,;�, .
<br /> . . • shall pay so Lender the amount necessary to make up the deficieuc.y. Boirower shail make up the deficIency in ao more than , . —"`�
<br /> • • � tarelve monthly payments,at Lender's sole discretion. ' r'�''�-
<br />-` ` � U n a ent in full of all sums secvred b this Sec�uri Instrumeat, Lender s6a11 ro tl refund w Borrower an • . . '
<br /> . Po P Y� Y �Y P mP Y Y •' �-
<br /> : � ' F�nds held by Lender.If,under paragrapb 21,Lender shall acquire or sell the Property,Lender,prior to the acquisition or sale �� ` . ' _.—
<br /> ���' of the Property.shall apply any Fuads held by I.ender at We time of acquisition or sale as a credic against the sams secured by � : _
<br /> c�.�� this Securiry Imstcument. . -
<br /> �:'� � � 3.Appticallon of Paywents.Ua2ess applicable law provides otherwise,all payments r�ceived by l.ender uader paragraphs � -•. _-
<br />:�_?. .• • � 1 and 2 sda11 be applied: firat,to any prepayment charges dus under the Note;second,to amounis payable under paragraph 2; ' '
<br /> . �.� third,to interest dne;foartb,to principal due:and las[,to any late charges due under the Note. .�� : , ''�;'�
<br /> 4.Charges;LteaS.Borrower shall pay all taxes.assessments.chazges. fines and impositions attributable to the Properry
<br /> � which may atta�n priority over this Security Instrument,and leasehold payments or ground renu, if aay. Bormwer sLall pay
<br /> � � these obligations in the manner provided in paragraph 2.or if not paid in�hat maaner,Bomawer shall pay them on time directly � .', - .
<br /> to ttie peison owed payment. Borrower shall promptly fumish to Lender all notices of amounts to be paid under this garagrapb.
<br /> • T If Borrower makes these payments directly.Borrower shall promptly fumish to Lender receipts evidencing the paytnents.
<br /> ' .� Borrower shall promptly discharge any lien whicb has priorlry over this Security Instrument untess Borrower:(a)agees in �' � .
<br /> , _ , � writing to the payment of the obligation secwed by the lien in a manner aceeprable co I.ender;(b)contests in good faith the lien . . .
<br /> by. or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion opesate to�revent the
<br /> . enforcement of the lien;or(c)secures from the holder of the lien an agreement satlsfactory to Lender subordinating the lien to � _ .
<br /> �� � this Security lnstrument. If Lender determines that any part of the Property is subject to a lien which may anain priority over � � . .
<br /> • tbis Security Instnunent.Lender may give Borrower a notice identifying the lien.Borrower shatl�atisfy the llen or take one or , �
<br /> ' . more of the actions set forth above withln 10 days of the giving of notice. � ' �.
<br /> .: . � Form ao Csrsoj' � . �
<br /> (��BVINEI iezui.oi �ago Z of 8 �mnais: L•�+' �
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