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<br /> � 1Ot.1iT}itiR' \�'ITH all thr improcrments no« nr herCaftrr crrrted �m t r proprny. an al rasrments• � ~.� .' � ,
<br />� �----� ePpur[rnacnrs.and fisturrs noa�sr hereaftcc a�rt nf thr proprrty ati rcpiacemrncs anci additior,��t��I;alus!x::c::rrc� �--- -:-;...-- , _ '
<br /> � by th�s�ccurit}Instcusnent.all of the foregoing is rrfcrrcd tu�n this Secunt}Instrumrnt as thc'!'r��pert) " �. �'`
<br /> BORRO«'ER CO�'Ei`�\�TS that Borro«er is lx«�fully�scisrd of the estate herrby- con�-r}ed and has the nght tu �.
<br /> - � grant and con�•c�• thc Propert} and that the Pmpert) is unencumbcred,escrpt for encumhranrrs uf rc�:urd. Hurru«er � � s ••:`�
<br /> -.- ==' ��arrante and �ei11 defend grnrrally thc title to thc Proprrty aga�nSt aU claims and demands,subjctit co an} cnrumhranccs _
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<br /> ' ` TIiI5 SECt'RTt1i I�STRC�!E\�l�combines uniform co�'enants for natiunal use and non'unifotm ro��enantS«�th
<br />:�; . � limited�ariations by jurisdiction to constitutea uniform se�:urity instrument cocering real propert}. ' � `` ".
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<br /> - ' L�\'IFOR'�i CO�`E.'`:1.'4"FS.Batrones and I.ender co�•enant and agree as follo�vs d� n•hen duc ` '� `
<br /> 'S `� 1.PaS�ment of Principal and Intetest:Prepa)'ment and Late Charges.Borroaer shall protnpti}'p': '-;,:�,::•� .., ',
<br /> }'� ` the print-ipal of and intecest on thr drbt evidenred b}�the\ote and any prepay ment and late charges 3;�e under t.�e\ote. �r�gw�.�.},_-'_'
<br /> � �' 2. Funds for Tares an d Insurance. S u b y e c t t o a p p l i�b l e l a w• o r t o a�ri t t e n n a i�•e r b y Lc��..-�c'. Horconer shall _; �:��ss�=%i�;', , s
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<br /> pa} co Lc:nder on the 3ay monthlF payments arr dur under thr�ote,unut the Xote is paid in futl.:��zm ("Funds")for: } t''�`��'�, ,ti` =.
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<br /> •� (a)}rar l}'tases an d assessmen t s n h i c h m a}�a t r ain p ri o ri t}'o�•rr this Se�:urit y Instrument as a lir�.�c��the Prop�'tj;�h) ;..< <:�;,�•
<br /> � 4F��t�trF :
<br /> �". • } y�eart� le��old paymCnts or graund rrnrs on thC Propert3-.if any: l�)3��5 ha�ac�d or property� insuran�x premiums; ?�' �„�, ;, :
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<br /> ,; (d)F e a:l y€tood insurance preiniums.if anF:(e)yearly mortgage insurance premiur^�s.if any:and(f?an�su.rm�gayable ����r .
<br />^�� � . hy Borrowec to l xnder,in accordancr�ith tha provisions of pangraph 8,in lieu o€��payment of m o r cge�•.�.s u r a n c e ,•4 y i„5��-; �: �;:t'
<br /> ` prrmiums.Thesc items are cailed"Fsccor dtKms."1.ender may',at any ti�e,coi?ee��ad hold F�_ds in an amount not � ' �`
<br /> _ �.,�� co rsceed the maximum amount a lender for a federalls reiated morrgagr loan mag rrquim`�r Borrower's escrow _ � .;..,
<br /> �.�• ' ' account under the federal Real Fstate Settlemcnt Ptaudutes �ct of 1974 as amem.de3 from time to time, 12 L.S.C. ..:;'�`-�'
<br /> Section 2b01 et seq.�"R�'���• unless another law that applies to the Fnnds sets a i�srr amoun�If so.LCnder may, . �
<br /> �• - � at any'time,collcct and hold Funds in an amount not to cscrxd the le�ser amaunt.L�tsder may estimate the amount of .�,'�{+ ����-
<br /> �`� � . � Funds due on the basis of eurrrcc data and rrasonablc Cstimates of expnnditures of future Fscrow Ite�ns or other�cise in ' �.,��,��r ::.';.r:;
<br /> . `� accordance cvit h app lica b le lan. , ' �4',:f°`
<br /> }� The Funds shall be held in an inscinition whasr dep��sits arc insured hy�a federal agency. instrumCntality,or rntity ��.'� '`.:.;�
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<br /> ��:, . (including Lender,if Lender is su�h an inscitution)�r in an}�Federal Home l,oan Bank.Lcnder shall appl)'the Funds to � .:�;_}.�,;�'.�
<br /> �P .. pay thC Fscm�c Items. LcK►der may� not chargc Borcon'cr for holding and applying thc Funds, annuallp anaty zing the .. , � :
<br /> -'. ':.`?>- esccou acc�unt,or vrrif}ing the Fscro�� Itesns,unless Lrndcr pays BorroA•er intCrest on the Funds and applicablC law ; ,';:_�.,
<br /> `;, '��``��' permits Lender to make such a charge. H�never, Lender may reyuire Borrower to pay a one-time charge for an F ;��' � `
<br /> ' � .:�,� •; independent real estate tax reporting srr�-irr_ucd b}•LCnder in umne�.-�:an with this loan,unless applicablc laa•proeidCS � - ��: . t z!
<br /> ,I i � ' ` o t h a r w i s e.l�n less an a g reement is ma�:�r applicablr lai�• requires ins.er�..�t to� paid, Lendet shaU not be requir e d to r �� :`� :
<br /> ';�„�:':�: 4 ` pay BorroRer any interest or r�re.i�gs on thr Funds.Horro«•er and L.ena�r may agree in cvriting,however,t h at interes t ' �"
<br /> � j`� � shaU be aid on the Funds.Lewuac sSall give to Borron�er,t�ithout charge,an annuat accounting of the Funds,sh�wing '? � r;�
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<br /> � . ::,;rt�• . � � credits and debits to the Funds����the purpose for tvhich each debit to the Fuaci:Lc;3 made.The Funds are plr.dged as ,, ,..�
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<br />- �?•` ��.� �� � additional security for all sums secuted by this Sec:urity�Instrument. . ���=•-;
<br /> If the Funds held bp Lest3e�-exceed the amounts permitted to be held by applicable law,Lender shall account to �. �s::,•r. :
<br /> .' � Botrower for the excess Pun3;i�accordance ivith thC teyiiiremants of applicable Iaw. If the amount of the Funds held
<br /> ,�x� �'.•�'``I't'�� � by Lxnder at any time is not s.;.�:cient to pay the t'scro�� Items«•iiCn due, Lxnde?- .^:ay so notify Borto�ver in wtiting. , ;. ,, ;� ,�;':'
<br /> ;.':-`%��'� ' and,in such case $orcower s_"_aii pay to I.ender the amount necessary'to make up�:.�deficiency.Horrawer shall make ;�•.:
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<br />_ '' . up the deficiency in no more tt:an ttir•elve monthly payments.at lxnd�'s so1C discret:on. '' ,';J,%
<br /> ,� , Upan papment in full of all sums secured by this Security Instrument,Lender shall promptly refund to Barrawer ,
<br />,,,,.�: ;,{..:,...: : • any Funds held bp Lender. If. undec paragraph 21, I.ender shall acquite or sell the Prapertp, Lender, prior to the "''
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<br /> ,:,,�_t.,...:. � aequisition ot sale of the Pro���y,shall apply any Funds hcld by Lender at the t:r.�e of acquisition or sale as a ctedit
<br /> � . ���`` ' "' against the sums secured by t�.5 Security Instrument. ��
<br /> _ � 3. Appfication of Pay ments. L'nless applicablr lacv provides othernise,a'_t �yments reeeived hy Letider under � �
<br /> �i�i ••� . paragtaphs l and 2 shall be applied:first,to any prepaymCnt charges due under the Note;second,to amounts payable . �� ;
<br /> - • under paragraph 2•third,to interest due:fourth,to pnncipal due;and last,w any late charges due under the liote. •
<br /> . 4. Charges; Liens. Borrower sha11 pay all taxes,assessments, charges,fines and impositions attributable to thc � • .
<br /> � � Property s►'hich may attain priority ovCr this Security lnstrument, and leasehoi�. payments or ground renu, if any. , �
<br />.�'a•�. '. Borroner sh�?1 pay thesc obligations in thr mannCr provided in paragraph 2,or i�i•^.ot paid in that manner, Honower . • .
<br /> „�:: , shall pay them c�n r.�me directly to the per�rin uw�ed payment. Hurcawer shall prcrrt�cly furnish to L.ender all notices nf
<br /> ;; :, . ' amounts to be pa�:::und.:r this paragraph.If'�r;rrun�er makes thasc pay�cn�s dire�:tly, I3orco:�cr shall prnmptly furnish
<br /> tu I,ender receipts e��idencing thc payments. •;,,.: •
<br /> :,��� Honower shall promptly discharge any�lien�chich has priurity oerr t'.:is Sex�:rity Instrumant unless Horrouer: (a) � �•�-t, � ` '`
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<br />' ..� agrees in writing to ttre payment of the obligatiem secured h� the lien in a raanrcr�cceptable to I,ender;(b)contests in ,, ,,;.'3�:r
<br /> ' � � good faith the liea by, ot dCfends against cnforcemCnt��f the lien in,leg�l pracce�.:ings which in th�lxnder s opinion ,��:<<'t1:'..:.' � �
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<br />=� ' operate to prc������:e enforcemrnt af the lien•or (c)se�:ures from the holdrr cf t:�e licn an agrc�cment satisfactory to ..
<br /> Lender subordic��.:.:g the lien to this Sccurity Instrument.If l,endrr detecmines that any part af the Yroperty is subject , � . • .
<br /> �" • . ' to a lien which rzsa}• attain priority over this Security lnsttum�nt.Lender may gi�'e$oreowe�a notice identifying the ;• .. .
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<br /> °�••; linz. Bnrrower shall satisfy the lien or take one or more of the actians set forh abo•re within 10 days of thd giving of �•;,��••;,;_ ,
<br /> .. • • noti�. '�i�-�{',rl:��i,��E �
<br />__ � ; Form 302 9/90 �y, +,,� ..� S,'r.
<br />- _ . • � �-GH(NEJ�900J�.:, o.s.�e�e IniNats:� ' . ' .
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