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<br /> ., sOG�'CHBR WITH nll d�c improvenunta now or hercaRcr crccted on Qte properry, and all eascmentn, appurtes�ances, and `
<br /> fixtures now or hereafter a part of the properry. All replacamente and ndAitlar.s ahall nlso be covered by d�ls Securfry Instrument.
<br /> AI1 of cha foregoing ts refcrred co in thle Security instn�nxnt es thc"Properry."
<br /> ' . BORROWER COVL�NANTS that Borro�ver fs Inwti�lly aeiaed of thc est�te hereby conveyed and hws the right to grant and „ •
<br /> convey dic Properry und thzt the Propecty is unencumbered, except for encumbrantea of re�ord. Bnrrowcr wnnante and will
<br /> � �, defend geuesally the dtle to the Property agulnst all clalms end dea►3tx19,subject to any encumbrances of record.
<br /> ' - THIS SECURI'TY IN5TRUMENT combi�es uniform cove�a�u:ti for national use and non•uniform covenante w[th limited
<br /> ..��"' variadons by Jurisdicdon to coasdtute a�uaform security instnu�v:nt covr.ring real properry. 'a`•'
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<br /> •-�*°••''"'�'' UNIFORM COVENANTS.Bonower and Lender covenant uad a��r�:as follows: {°"4
<br /> 1.Payment o!Princip�l and lnterest;Prepayment ond Gata Ch�g�s. Borrower shull promptly pay when duc the •''r,
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<br /> " prIncipal of and interest on the de6t evidenced bv the Note and any p.renay.ment and late charges due under the Nota __ -<"��
<br /> '' 2.:+�.:a.:o fa:Tszw�W�:rsw—a�,ce. Subject to applicabtc law o7 c� a wrltten waiver by Lendcr, riorrower s;iali pay to -
<br /> ' L.ender on the day monthly paymcnu are due undcr the Note,u¢d.l ih+t Nute ia paid in full,a sum("Funds")for: (a)yearly taxes ' ?;�
<br /> �� and assessmcnts which roay atttdn pdoriry over this Security In�unrn:n�as a Qen on the Propet[y;(b)yearly leaaehold payments . <=sr-
<br /> �k� or ground renW on the Properry,if any; (c)ycady hazard or propc:rty i�vurance premiums; (d)yearly flood insurance premiums,if �'��"'^
<br /> .,:�'si�
<br /> any; (e)yearly mortgage insurance premiums, if any; and(�eny su�9 payable by Borrower to i.cnder. in accordance with the
<br /> provisians of paragraph 8, in licu of t�e payment of mortga�e ingu.�n�:e premiums. Thesa items are called 'Escrow Items."
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<br /> , :.;.,,.�. LeRder rpay, at any tune.Co11CC�altd hOld Ftutds ii1.1A aIilOUlti Av"3 IO�AGCC�l thc maximum amount a leuder for a fede�aUy eetated ' __
<br /> � � mortgage loan may reqidro for Bono�ver's escrow account und.s�b; ferJraal Real Estate Setticsment Procedurea Ac[ of i974 as - --
<br /> amended from tinne[o daic, 12 U.S.C. Sec:tlon 2601 et aeq. ('RGISPA"),unless aaother law that applics to the bllnds sets a lesser ` - _
<br /> � am�otmt. If so,Lender may. at any time. wUect and �old Fu�rls in au amount not to exceed tha leaser amount. Lendcr may -
<br /> . estimate the anwunt of Funds due on the basis of curreiit data and re3sanable estimates of eapenditurea of future Escrow Items or '�`�--
<br /> „ otherwise in accordance with appllcable law. �.:`.
<br /> " 1he Funds shall be held in an invtitudon whose de;posits are innucer!Uy a federal agency,insmunenrnliry,or entiry(including z'-
<br /> I.cader, If Lcnder is such an insdturion)or(n any Fe:deral Haflac Lv�n Banlc. Lendcr shaU apply the Funds to pay the Escmw .
<br /> • Items. Lender may not charge Bonower for holdiag and appAyic�tl��r,ads. annually analyzing the escrow account,or vcdfying
<br /> �' -. the Escrow Items.unless Lender pays Bonower lntensst on the Fauws �xri applicable law pemuts L,ender to tnake such a charge.
<br /> However, Lender may require Bonower to pay a on.-dme charIIe fcr.r zn independent real estate taa repordng service used by
<br /> --_— i rn�l�r in rnnnrr_.tinn with rhic 14?I!. !?IL�S3?Fgl1�.=61C 13`.'.' j^.:4Y�''a'S G""-.L�.^..•'�.L. LSSl.°.a„°3A�gI�fCCZii;S I3YddC CI a�2fGZbl:.loii ��.-"
<br /> nquires intereat to be pai�, Len:ler shall not be required co pay B�rawer any Interest o.r earaings op�he F�nds. Bonower and n�
<br /> ��f , Lender may agree in writin�,haw�vcr. that interest ahall be�aid rou Ct�u Fwids.L,cnder shFill givc to Honowcr,wlWout charge.an ts�:;.�
<br /> . anmtal acco �*of the Funds,ahowin credits anci debits to tYie�tr�is a�xi the `�`t'``
<br /> "^'�"0 8 pu�soae for whIch each debit ta the Funda was �::_�-
<br />- „ � � � made.The Funds�rc pledged as addidonal security tor all sums secuTml hy tt�s Security Iqstntment. 4
<br />���� If We Funch deld by L.onder exce�d the amonnta.pemaiaed to b�:h:ld by applIcablo law.Lender shall nccouat w Bonower for =
<br />-.°��=r ` � the excess Fund� in accordaace with We rcqulrements of apF i�;z,�u?e law. If the amount of the Funds held by Lender at any dme Is
<br />,.�r�`�" :� not suf�'icient to pay the Escrow Iteme when due.Lcnder may so ciotifj� Boaower in wridag.and.In such case Bonowcr shall pay -
<br /> . _ ' °�"" to Lender the amount necessary W make up the daficiency. B�:rro�ver ahall makt up the deficiency in no niore than twelve -�
<br /> � � montbly payrnenrs.at Lender's sole discredon. �:
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<br /> lJpon payment in tiill of all sums secured by dds Security Ir�tattaent,l.ender shall prompdy refund to Bonower any Funds F=-
<br /> -"``=•��� ��F held by Lender.If,under paragaph 21.I.ender shall acqui¢o oq se11 the Property,Leader.prior to tha acquisidoa or sale of the
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<br /> - Property, shaU apply any Funds held by Lender at the ti� of acq�r.isidon or sale as a credit against the sums secured by this ,;;a::�:
<br /> -;�°,�-� SecurIty Instrunwent. ,�� _
<br /> �.::��'*�": 3.Applic9tto:n af Paymenta. Unless applicable law pxa�vidr.n o��.�:rarise,all payments received by l.ender under paragraplu �-
<br /> ��-�.,��'��'' � . 1 and 2 s1�aL# be applicd: tirst, to any prepayment chsirges d�c ur,ndee• tLE Nato; second,to emounts payable under paragraph 2; y
<br /> 4 ,;�;; this�d,w intorestda�e;fourth,to principal due;end la4t,to any late cMe�c:�due under the Note. ��,,-
<br /> -� 4.Chargd;Lieng. Aorrower shall pay all taxcs, assossr�enC9. ci�arges. fuxs and imposidons attrfbutabla to t3�e Praperty
<br /> `���-���:� ` wluch may att�(n prioriry over this Securlry Insuumsnt,and lenxeteo'd.r,-^ri.yraents or ground rents,if any.Borrow�r sLall pay these ���3i
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<br /> -t--� ablfgatioas w t6e manner provtded in pazagraph 2,or if not pafa i�n cUne•muuxr,Borrower shall pay �hem on rime diresdy to die %'�--
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<br /> �`�;�� person owed payment. Borrowcr sball prompdy fumish to L:rdcr a13 uodces of amounts to be paid under dus paragraph. If �s----
<br /> -�:+�'���r Borrower makea theae payments direcdy.Borrower sluill prarn�rly fi.^�n:ah to L.ender reaipts evidencing the paymenu. s';;",
<br /> -�--a- �-���, Bonower ehall prompdy diecharge any lien which hus pr,io�itq over tliis Securiry Inetrument unless Bonower: (1) agrees in ��
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<br />��•�:��� wra2ing to tlie paymtnt of the obligadon secured by the lien ie a urar�,er acceptable to Lender; (b)contests in good f�th the lien s� --.
<br /> • � by, ur defends against enforcement of die lien in, leQal pr.ocecdi:gs which ui the Lender's opinion operate to prevent the 4���.
<br /> enforcement of rhx lien; or(c) secures &om�he holder of ttr�lian an ag�eeanent sarisfactory to Lender subordinatiag thc Gen to -_
<br /> - tbis Security In3ccument. If Lender determines Ihat any part o5 tb4s Property is subject to a lien wtilch may attein priority ovea this '��'°'�
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<br /> Secy�ary Insuvment,Lendcr may givc Borrower a noticc{de��ting the lien. Bonower shall satisfy the lien or takc one or more `,;7;;, ;��:
<br /> of the acdons set forth above within 10 ciays of the giving o!aa:6ce. �:;e,�-}.''`
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<br /> Form 3028 9/90 .' r'�''.
<br /> • A...�R(NE) cvtui.o� 'ir.��,�'
<br /> Paje2d6 Ini�i�lf: , -.•"
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