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<br /> � ' � . , ���� mnam�xs.and ' '
<br /> . ° TOGECHER WI1'�I all the unpmvements nnw or hereafier erecued on the propeny.and all�eats.appa . . ' `..
<br /> _ . _ .- - fixtures now or hereafter a part ot the pmQartY. Aii � and a�tditionc �haq alsn he coveced by du's Se�vrity ' -----.- -
<br /> . ; insacumeut.Ali of the fo�omg is referred to in this Securicy Ins�ument as the'Property.' ' . ' ;
<br /> � BORROWER COVENHNTS that Borrovbreer is lawfullg seised of the estate hereby wmeyed and t�the risht to gzant and i ' ` .
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<br /> ' coavey the Prope�ty and that�he Property is unencumbered.except for encumbiances of reoord. Borrower wazrants and�vill i y
<br />- � - �.� defend generatlY the title to t�e P�o�tY a8ainss all claia�s and d�ands.subjea w any eucumbiances of record. r - . __ ---f
<br /> THIS SECUEtITY[NS'CRUMENT combines unifotm cavenants for ffitiana!use and non-unifoim wvenancc with limited i ,
<br /> � vaiiations by j�uisdiction to oom'titute a unifo�securit3►i�s�eIIt covering�a1 PmPe�Y• ' ' . • _
<br /> _ ; UNiFORM COVENANTS.Boirower aad�.ender cov amd Lat�e C��Boirower shall prompdY PaY'xhen due the - , , .
<br /> 1. Paym�nt of P�tpa1 and I�e�est; Pi'�Y+��
<br /> ' , -. priacipal of and inoe�est on t�xe deht evidenced bq the Note aud anY P�PaY���late charSes due under the Note.
<br />�; 2. Faads for Tases amd Insuea�ase.Subjest to a�plicable!aw ai to a wriuen waiver by Lend�er. Boirow�er sball PaY co . : :.,
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<br /> f Leader on the day montlily gayments are ctue�the Note.o�ul the Note is paid ia full,a snm('Fuads�)far.(a)Yea�lY� ; ' -:
<br />`�� and assessments which mag atain priority over tbis S�nrity In.�ument as a lien on the Prupeny:(b)Year1Y leasetwld payments .. ,
<br />'�` � or gcound Ients on the Pre�penY.if any:(�)Y�Y��ar P�P�9�Prem�ums:(�Y�Y fluod�suiance pr�• , _
<br /> -- ' ' !�i if anp:(e)Yearly mortgag�imutance P�minms•�f anY:and(�anY svms PaYsble by�orrower to ixnder. in accorda�e with ' _
<br /> � the provisians of paragrdph 8.in lien af the payment of mortgage ansaiance premiva�s.These itans aze called'Fscrow Items.'
<br /> :;;.; : remma s
<br /> ,�`��:��'.�� Lender may. at any dme. rnllecc and hotd Fnndc in an azaonnt crot to exceed the maxim�amuunt a tender for a federally • � •
<br /> x , ' ,�"� telaoed mortgaSe loan may iequue for Bormwer s escrow accounc�det the fixleral Real Estate Settlement P�000dnres Act of .. , .
<br />�..� . ' '. "`�°,.`'`;.,� 1974 as�end������12 U.S.C.Secaon 2601 et seq-('RESPA°).anless another law that aPPties w the Faads ` ` _
<br /> � sets a le�er ammmt.If so. Lender�P.at any ume.collect an�hold Fands in an amount uot�o exoeed the lesser amount. , .
<br /> ' Lender may esumate the amomii o#�rmds due oa the baas of c�ucent data and reasonabte estimates of eapenditu�es of fudue � .. _.
<br /> -" :���� . •;? applicahlelaw. ( `. • '
<br /> «� Escmw It�s or othemrise in accordance with . � or enti :` . • :
<br /> ;�� T6e Funds shall be held in an instiwtion whose d�osits ue insated�aY a fedeial agency. insbmmemalitY tY : - . : ::• ..
<br /> (m cta d i n g Lender,if L,�:.r is sach an insdtuaon}v�in any Federal Hame L�n Bank.L.eader shall appiy¢i�e Fancls to gay the ; _; .�:,,{s;;
<br />" Fscrow ltems.L,ender may not chazge Bortower fac�olding and apglying the Fonds.annually a n a tyzing t�esaow a c c o u n t.uz i . � �
<br /> •i"� Yerifying the Escrow Items.unless l.eader PaYs Barm�ver iater�,�the Fundc and applicable law peanias I.ender to ma&e sacfi ;;�L'< �.';.•
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<br /> � a c]�arge.However. Lemder may require Borrower�,.�r�saY a a�r�charge for an indepenite�t real estaze ta�reportiug�vice , �:•.,r�,..•�.. .
<br /> ''Y ' nsed by Lender in co�oa with this loan, m�'i� applicab3t law provides otherarise. Unless a:s a,�ent is s�'.''. or
<br /> �� � sn�rst to be paid Lender s'hall not be reqaired co PaY Bormwer azry interest or�on the�nd4. . • ':
<br />';`�; •l applicable law requir� . ,, ' `. .,;
<br /> ir - be paid on the F�.Lend.°r sbari give to B��aower. � � . ' �.:�
<br /> ...:;,� :} Bonower and I�nder may agree i��ang•howr.wer.that inter.sc sha11 �• .
<br /> �: of tha fi�nds showing credirs and debit4 to the Fv�rab aad the puzpose for c�i�each :.,t�;��',:'.�;�,
<br /> ' widiont charge.an annual accoa*r� fi� • �
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<br /> .;�.; , � ,} debit w thc Funds was made.The Fands are Pledged as additional seauity fo:atl svms ser�rod bp this Secarit9 Instr�. ,. �r.�,,;r,•;;:.-
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<br />-`';? � �i I f t h e Funds hcld b y Lender exceed the amminss Pezmitted to be held bp a�licab2e law,Leader shaU account w Borrower _...._.___':�'�>.r.,,
<br /> �` " for chc eacess Pbnds in accotdance with the requirements of applicabte law.If the amount of the Fands held by i.e a�er at a� . . ; •,._:
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<br /> ' time is rns svf6clent to paY the Escmw]tems when due.Lender may so nntify Borrower in writing,and,in sach case Bomnwer �„':,::_.
<br /> �•: .�; shall�ap t�Lender the amoans nece�sary t��nP the deficieacy. Borrower suall make nP the de8ciency in no m�e ttsan ;.';;.:.�'.:^
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<br /> ..s�� . :S� twelve montWy payments,at Lender's sole discredon. �
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<br /> • ;t Upon payment in tuU of all sams secured by this Security 1mKmmenc. I.ender sball prompdq refimd w Eorimv.s a�r . `.• . ,
<br /> . .�� Funds held by Lender.If.nnder paragraph 21,1xnder sha11 acquire or seU t�Aoperty.Lender.prior t�t�e acqui�tion or sa�e
<br /> ; � of the Pmgerty,sball aPPIY�l►Funds hetd by l.ender at the time of a�^:��i�o=sale as a credit aga���s�s seca�l by '
<br /> `'; � this Secarity lu�tramen� �,�. �
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<br /> ,. : _ ' :�. 3.Appitt�tton of Payments.Uniess agplicable law prrn��es attienvise.a1 payments s�eived by Lender wtdet paua,�pP� - . ....' .
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<br />- 1 a n a 1 2 s b a ll b e a p p li e d• first.to an Y P r�aYme t charSes due�rr the h� secand.to amounts papable under paia$rap � �,�,,;,.
<br />"Y��_�' third.w interest dne;fourth.to principal due:a�i Test.w any late charges dLe under the Note.
<br /> 1'•;f: . • �� 9.Cliseges: Lleas. Borrower shall pay all o���.asses�enss.charges.�ines and imposidons attr��able co the Propert9 ' - . . -
<br /> .:�' � '• ' -� wtich may attain priority over this Seca�rity Insument,aa��asehold payments or gronnd rents, if at►p. Barmwer shaU pay
<br /> - i these obligations in the marmet provided in paragrnph 2.or i.��,:c paid in that manner.Boaower shaU pay them on ti�e directly -- � .-
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<br /> �:�_:,� ' • • �� to the peison owed payment.Borrower shall pro�ly fumish to I.ender aU notices of amounts to be paid under this F�S�P� .
<br /> .� If Borrower makes these paYments directiy.Boao�n_r shall prampdy furnish to Lender receipts evideacic�the paYments.
<br /> • �� ' Borrower shall promptty discharge anp lien wbich has prlority over this Seruriry insuument untess Borrower:(a)aS�es�n •
<br /> '�'1 . . � writing to the payment of the obligation secured by the lien in a manner accePtable to Leuder.(b)cont�s�c in good faith the lien . . :
<br /> � � i by. or defends against enfo[cement of the lien in. legal proceediags wtrich in the I.e�d,.'a's opiniom aperaee to p�eas the .
<br />�;�'��� enforcement of the fien:or(c)secures from the hotder of the lien an agree�ea�t saus�y't�1.e��r s�bO��3���tO l�� - .
<br /> � ` this Security lnstr��ent. If Lender detetmines e�a�any part of We Propettg i�su61eet W a li:n whacb m�y ariain prlosity wes t, . , .
<br /> .,:;��i . this Security Insmiment. Lender may give�r,.r:�:r a nodce identifyins the i��Borrower svall satis€p tL:llsn or taA�e oae aa
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<br /> moce of the acdons set forth above within 10 da�s of the giving of nodce. .
<br /> Fonw 3'.+ES 8/90
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