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<br /> � � � ,� � now or heceafter erected an the and alI easements.apFurtenances.an�1 ���:` . . �E �
<br /> ' -- TOGh'T�IER WTfH sU the impravements P�P�Y• . _ . -
<br /> � � 6xtums now or heteafter a part of the pmpertY• All ceptac�eats and addidons sbaU also be crne�ec! by this Secnrity �. _: . `F , �r� ..
<br /> . Iast�nmeni.AII of the foregoing is teferted to ia tHis Sec�ity Instrument as the'Pmperty.• •,
<br /> - • BORROWER COV&NANI'S tbat Bormwer is lawfiillp seised of the estdie hereby comreyed and t�as the aght to grant and (� �•'.: • L .:,.� �....,`.�_'.�
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<br /> � u ' ---`. oom�ey the Ptaperty aBd that the Psoperty is un�natmbend. excePt for enc�ances of iecoid.Borro�ver warraicts and ar�71 � .
<br /> . __�:.�'�` defend genetaflY the dde w the Praperty agaimst all claims and de�ands,sabject to any enwmbrances af tecord. � • �
<br /> ' _ THIS SECURITY INSTTtUMENT combines anifoim oovenants for natioual use and noa-uniform caveuants with limited � , �.
<br /> - - vaziatioas by jutisdicdon w co�titate a a�rifomi�writy insifumeni cavt�inS�PmP�Y• � - -
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<br /> . - UMFORM COVENANTS.Bo�mwer and Ixndex covenant and agree as follows:
<br /> � � l.Paymmt of Pr�ndpal an3 Inte�'est;Pr�aYm�and Late CGaiges. Borrower s6all gmmpdy pay when due the � - ..
<br /> r,. ,. principat of and'mterest oa the debt evide�eci by the Note and anY P�Y��and late charges due under the Note. .. -;
<br /> 2.Fmids for Tases aad I�n�nce.Sabjest to appHcable taw or w a wduen waiver by lxuder.Bormwu shall pay ta . ��`�;7:._
<br />`. . � Lender on the day momhlY PaStmeNS aze dne under the Note,nnn7 the Note is paid in full,a sum(�Funds')for.(a)Y�Y�� � ' °:
<br /> . �� :
<br /> • and assessments which may attain priority aver this Secarity tast�ent as a liea on the Pmperty:(b)Yeady Tieasehold paymenrs . . .y ._; 4
<br />' � 'f or ground rents on die Praperty.if aay.(c)Ye�Y�azazd or P�P�Y insarance pnemiums;(c�9easly Soad iffiviance ps'emiums. =; .�_ ._..F=
<br /> mo e i�vTance premiums,if anY;and(r�aaY svms Payable by Borrower w I.eIIder, ia accordance witS . � �_ �
<br /> . if any;(e)Y�Y �8 ' . _ --_ -
<br />. ,- �he provisians of paiagraph 8.in lien of the paymeni of mortgage imarmnce piemmms.These items are c�lled"Escrow Items.° , .
<br /> . Lender may,at anq time, collert and ho2d Funds in an amowu nnt to exoeed the maaimam amouni a tender for a fedetaltY .
<br /> . celateci mortgage loan may reqnire for Borcower's escrow accaunt under dte fedeial Real Estate Setttement Pmcedaies Act of
<br />'`, � 1974 as amended&om dme w time. 12 U.S.C.Section 2601 et seq.(°RESPA°).�mless another law tbat agplies m the Fands • _
<br /> ° : sets a lesser amount.If so,I�euder may.�t a�►6me,coltect aiW�old Fundv in an amomit not to exceed tLe lesser amonnt. _.._ -
<br />- � �° :" � Lender may esdmate the amnunt of Facds dne oa the basis of canent dars and�easonabte�smates of eapenditams of futare . : _ -
<br />` .- Ascrow Items or otheiarise in accordance with applicable taw. or end ' --
<br /> �. � . � ' 17�e Fuads shall be held in an insfitudoa whose deposits are in�ured bY a fedeial agency, insmimen�tlitp. t�► .� :"4<:-�.---
<br />;;:,: . (Inclnding Lender.if Lender is such an i�titadon)or in any Fedeial Home Loan BaWc.Ixnder sst�all apply the Funds w pay the . �$�"'—.
<br /> '� ,.�: Fscrow Items.Lendet may nnt charge Borrower for holding and applping the Tvnds.annoally analyzing dte escrow accuunt,or �;"F _�_�_�-•�
<br /> -..�. .°• .--�:�
<br /> verif9ing the 8scrow Items,unless Lendet pays Borrower iate�es�t on the Funds and applicable law petmits l�tder to make sach `�:. � - -
<br /> � � ,' � a c�arge.However.l.ender may reqaice Borrower to pay a one-tmue cLarge for an independent real estate tax�eportmg seivice T,'�,- -
<br />,�: nsed by Lender in wnnection with this loan, m�less applicable law pravides otherwise. Unless an agneement is made or . ,,�,:_�b��
<br /> . �, applicab2e taw requires inteiest to be paid,Lender shaU not be reqaired to pay Borrower any iaterest or earnings on the P¢ads. . , `t._
<br /> `: - go���L�nder may agcee in wdting,however.tbat interess shall be paid on the Fuads. I,�vder shall give m Boaower, :._�F`-
<br /> ` � arithoat c�arge, an annual accouniing of the Fands, showing credits and debits to the Puads aud the pnrpose for whic3►cach : .�. �... .
<br /> ` .. debit to the Fuads was made.The Funds are pledged as addidonal s�ecuriry for ail sums secaued by dris Secndty Insti'�egt. '`�
<br /> s`i;,: If the Fands held b Lender exceed the ama�ts peunitted to be held by applicabte law,Lender sLaU accaunE w Borrower ,;.°�
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<br /> , for the eacess Pnnds in accordaacs wIth the mqnir�ments of appHcabte law. If thz amount of the Funds held by Lender at any ,;,_w
<br /> ---. .._ .` `, time is nat snff cient W pay the Escrow Items when dae,Lender suay so notify Borcoa+er in writing.and,ia sach case Bozrower ,,::tl:-�:
<br /> . i shall pay to Lender the amount n�ssaiY to m�ce uP the deflciency. Borrower shall make up the deficiency in no more than . �°:�i'.�"--
<br /> • � twelve atonslilY PaI►��s.at Lender's sote discretion. .._
<br /> � � •i Ugoa paymeni ia full of all smns secured by this Saauity Insavnient,Lender sball pmmptly refand w Hormwer any . `�`"��
<br /> � : ��.,
<br /> ��i Fands held by Lender.If,nnder paragraph 21,Lender sLall acquire or sell the Property,Lender,prior w ti�acqnisidon or sale �;�_
<br /> � �, . � of the Property,shaU apply any Funds held by Lender at the time of acqai.sidon or sale as a c�dit agaimt tl�e sums s�by � " '���
<br /> . • this Secarity Instrument• �' �
<br /> '•ri-�.v.,--
<br /> �:. � - �� 3.Application of Pagments.Unle�appltcable law pravidrs othenvise.all payments recenved by Lender ander paragiaphs • . ,.�i:$._...;:;__
<br /> � = 1 and 2 shall be applied:Srst,to any prepayment shar8es due under the Note;second,to amaunts payab2e under paragapH 2; • • �: ,
<br /> . , -� � third.to iatezest dne;fourth.w princlpal due:and last.to any late charges due ander the Note. :,. � _`
<br /> �,'' � • 4.Charges;Liens.Borrower shall pay all taxes,assessments.cLarges.fiues and imposidons attdbutabte to the Property , � . , .
<br />`��� • ,• .� � whicl�may attain priority over tl�is Secwity Instnrment.and leasehatd paymeats or ground rents,'if any. Borrower shall pay � . ; • .��
<br /> � these obligations in the manner prwided in paragraph 2,or if not paid in that manner.Borrower shall pay them on time directly •>
<br /> . . to the person owed payment.Borrower shall prompdy fumish to 1.ender all notices of amaunts to be paid under this paragtaph• '��. r::' .
<br /> � ' if Borrower makes these payments directiy,Borrower shall prompdy fumish to 1_ender receipts evideucing the paymen�. � :
<br /> � Hmrower shail pmmptly discharge any lien which has priority wer[his Secuiity Insnvment uWess Borrawer:(a)a�ees in
<br /> ' � wridng w the payment of the obligadon secared by the lien ia a manner acceptable to Lender:(b)contests in good faith the lien _ .
<br /> ..5. .
<br /> ,.� . . by, or defends against enforcement of the lien in, legal praceedings which in the Lender's opinion opetate to prevent the
<br /> • � enforcement of the lien;or(c)secures from the holder of the lien an agteement satisfactory to Lender subordinating the lien to . , .
<br /> � tLis Secvrlty Instmment. lf Lender determines that any part of the Property is subject to a lien wluch may attain priority over �
<br /> this Seauity Iasutiment.Lender may give Boaower a notice identifying the licn Borrower shall satisfy the lien ar take one or • . . •
<br /> '� .' more of the actians set forth above within 10 days of the�iving of nodce. �� '
<br /> ' . Form 8 9190 ' _
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