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<br /> � � � 97- i�23.8i E�� � �. . � � . ...m.
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<br /> j '[�OGE'fHER WITH all the improvements now or hereafter erected on the property,and all easements,appurcenances.and
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<br /> � fvcnues now or heseafter a part af the p:operty.All repl2sements and additinns shail also be covered by this Security Iiu-trument '. r.��
<br /> � All of the foregoing is referred to in this Security Insnument as�e.'Propeny... '.�.'
<br /> � BORROWER COVENAN'TS t6at Sorrower is lawfiilly seised of the estaie hereby wnveyed and has the rig6t to grant and , -
<br /> �i convey the Pinperty and t6at the Property is unencumbered,except for encwnbrances of record. Borrower warrants and will ; , - -�
<br /> 1 defend genecally the ade to the Property agains[all claiuu and demands,subject to any encumbrances of record.
<br /> Tf�S SECURITY INSTRUNIEN'f combines uniform covenants for nanional use and non-nnifann covenants with limited . ,. --
<br /> variations by jurisdiction to constitute a uniform security instnunent covering real property. �=��
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<br /> • UMFORM COVENANTS.Borrower and Lender covenant and agrce as follows: • ,
<br /> 1.Payment of Principal and Interesh,Prepayment and Late C6arges. Borrower shaU prompdy pay when due the , �
<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 Insurance. Subject tfl applicable law oz w a wriuen waiver by Lender, Borrower shall pay to � , . • , ..
<br /> Lender on the day monthly payments are due under the Note,until the Note is paid in fiill,a sw�("Fnnds")for.(a)yearly taxes ,,
<br /> and assessments which may at�priority wer this Security Instrumene as a lien on ti►e Froperty;t'b)Yearty Ic�sehuSd pay�nenu r � . . . : 7.,
<br /> • or ground rents on the Property,if any:(c)Ye�ly hazard or P�P�Y insurance preu►i►ims;(d)Yearly flaod'u�surance premiums,if ' ' . ' . °��.
<br /> , az►Y;(e)Yearly morigage n�sutance 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 ++���nce premitims. These items are called "Escrow Items." i. , . ""�y;,=:•
<br /> I.ender may,at any[ime,collect and hold Fnnds in an amount not w eacceed the maaimum amount a lender for a federally related ; . -�- •
<br /> , mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Proce�ures Act of 1974 as � ,•. '�
<br /> amended from ri�ne to time, 12 U.S.C.Section Z�OI et seq. ('RESPA"),unless another!aw thai applies t�the Fuads sets a lessea F � ,
<br /> . amount If so, Lender may.at any dme, wllect and hold Funds in an amount aot w exceed the lesser amount L.ender may � • ,.`•"'"'
<br /> � estimate the amount of Funds due on the basis of current data and reasonable estimates of expendikues of fuaue Escrnw Items or I `�� �'��
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<br /> , otherwise in accordance with applicable law. i , '���,��
<br /> . : 'Ihe Funds shall be held in an institution whose deposits are insured by a fedeial agency,instrumentality,or entity(including ' . � .;����
<br /> ' Lender,if Lender is such an instiwtion)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the Eecmw ; • . ""� �;'"�—
<br /> �� I!ems.L.ender ma not e Bormwe.r for holdin and 1 ' the Funds,annuall anal the escrow account,or v t • ��`�` �
<br /> �� Y charS S aPP Y�g Y Y�8 �Y�g . � . •.:r.,�,�;,;.i • �r-,r
<br /> ., the Esrrow Items,unless Lender pays Borrower interest on the Funds and applicable law peimits Lender to make such a charge. �� f: __
<br /> However,Lender ma uire Borrower tn a on�time char e for an ind ndent real estate tax r rtin service used b ' � � :�.'� �
<br /> Y re9 PaY g � � 8 Y . i .,: ,.
<br /> I.ender in connecuon with this loan,unless appGcable law provides otherwise.Unless an agreement is mads or applicable!aw � �
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<br /> requires inteaest ro be paid,Lender shall not be required to pay Borrower any interest or earnings on the Funds.Borrower and �� �a�: �. °' •
<br /> Lender may agree um writing,however,thaz a�terest shall be paid on the Funds.Lender shall give to Borrower.without charge,an � � �
<br /> annual accounting of the Funds,showing credits and debiu to the Funds and the purpose for wtuch each debit tn the Funds was ' �
<br /> made.The Funds are pledged as additional security for all sums secured by ihis Security Instrument .• y,` t �
<br /> If the Funds held by Lender e�cceed the amonnts permiued to be held by applicable law,Lender shall account to Botrowea for _ -r� ,�� :
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<br /> the excess Funds in accordance with the res�uirements of applicable law.If the amount of the Funds held by I.ender ai any time is �:;= � • __
<br /> not sufficient to pay the Escrow Items when due,Lender may so notify Boaower in writing,and,in such case Bormwer shall pay . -- : ''+:��: `
<br /> [o Lender the 2mount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve `x,... ?r� _
<br /> montfily payments,ai Lender's sole discreuon. � ��s=
<br /> Upon payment in fnll of all sums secured by this Security Instrument,Lender shall promptly refund w Borrower any Funds '� ��'s�`..'
<br /> held by Lender.If,under paragraph 21,Lender shall acquire or sell the Propercy,Lender,prior w the acquisition or sale of the , �'�='��`_-__
<br /> Prop�ty,shall apply any Funds held by i.ender ac the timme of acquisiuon or sale as a credit against the sums serured by this � • � � "
<br /> Security Insuument . . -..—�.-.�
<br /> � 3.Appiication of Payments. Unless appliqble law provides otherwise,all payments received by Lender under paragraphs . �-=�-�y
<br /> 1 and 2 shall be applied: first,to any prepaymerit charges due under the Note;second,to amounts payable under paragraph 2; � ..
<br /> third,to interest due;fourth,w principal due:and last,to any late charges due under the Note. . � +�-T•��
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<br /> 4.C6arges;Liens. Borrower shall pay all tmces,assessments,charges, fines and imposidons aaributabte to the Property . • -_ '
<br /> which may attain priority over this Security Instrument,and leasehold payments or ground rents.if any.Borrower shall pay these �-��.-• ' ='°—
<br /> + obligations in the manner provided in paragraph 2,or if not paid in that manner,Bonower shalt pay them on time directly to the � �� �_.
<br /> Ipe�son ow e d paym e n t B o r r ow e r s h a ll pro m p Uy furn i s h t n L en d e r a ll n o fi c e s o f a moun t s t o b e pai d un der t his paragrap h.I f ' .
<br /> ; Bonower makes these payments directly,Bonower shall prompdy fumish to Lender receipts evidencing the payments. � . .R,;,.
<br /> Borrower shall prompily discharge any lien which has priority over this Securiry Instrumcnt untess Borrowed: (a)agrees in � . � � �
<br /> writmg w the payment of the obligation secured by the lien in a manner acceprable to Lender;(b)contests in good faith the lien � '�
<br /> by. or defends against enforcement of the lien in, legal proceedings wttich in the Lender's opinion operate to prevent the ' • ' • ��
<br /> enforcement of the llen;or(c)secures from the holder of the lien an agreement satisfacwry to Lender subordinating the lien to '
<br /> this Security Instrument If i.end�dctermines that any part of the Property is subject to a lien which may attain priority over this � . ' =
<br /> Security Instrument,Lender may give Borrower a notice identifying the Gen.Borrower shall satisfy the lien or take one or more � �
<br /> of the actions set forth above within 10 days of the giving of natice. ��
<br /> I Form 3028 9�90 �
<br /> 1 �-BR(NE)(e2�z�.o+ Pape2o18 ��u�aia:
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