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<br /> < , TOGEI7�R WITH aII the improvem�u now or hereafter erected on the psopecty.and aU�ents.aDPurtenan°es.and �
<br /> ' fixau�s now or Rereaftcr a pan of ihe ympenY.Ali re�sl�cmc:►�aad addi�nns sh�12 atso t+c covcred by this SecuritY G�struma►c ; . , .__.--� .
<br /> • Ail of the foregoing is refeaed tn m this Seca�ity L�str�nnent as the"Pro�rty" r .
<br /> . SORROWER COVENAN[S tha�t Bouowa is tawfulty s�ised of the esYase E�eby coaveyed and has the right to graut and : ,
<br /> convey the Pmpeity and tt�at the Pro�rty is un�cumbe�ed,except for eacnmbiaaces of record Borrower warrants aad will . .
<br /> defead g�eiallY tl�ti@e tn the Propeity agains�a11 claims and detnands.subjecx tn any encumbranax of record.
<br /> 5 TFIIS SECU[tITY INS7RUMENT combiues unifom� covc�u for nationai use and non-m�sform cove,nants wi�h 1'smited . - - -
<br /> . ' varia�ons by j�nisdiction w oonstitut�a anifo:m ssnaitY iastnuneat cavecing real p�operty ` .
<br /> 11IVIFORM COVENANfS.Borrowa and Lender cm�eaant and ag�ree as follow� �� due thc � .
<br /> L Paymeat o!Priaapat and Int�s�PtepaJme�at aad Late C6arges. Bormvrer shail PrompSY PaY •
<br /> � � Princi;nl of and'aiterest on the debt evidenced bY the Notc aad anY PrePaYmwt aad Tate ctra�gcs due uuder the Note. ; . s:.v �
<br /> ' 2.Fiuids for Tazes aad Instn�a�o� Subject to applicablc law or w a written waiv�by Lender. Boaower shall pay tn
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<br /> i I.�stea on the day monWIY Faym�ts ace due undrd the Notc.imtil the Note is�id in fu11.a sum("Funds'�far:(a)Y�Y�a � . . : .
<br /> � and assessments arhich maY auain FnoritY over this Sepuity Instrumer�t as a liea on the PropertY:(b)YcarlY leasehald payments , ���� ,_ .� �
<br /> � or grouad rents on the Prape�tY.if aaY-!c)Y�Y���F�F�Y insivance�niuns;(�YearlY flood'uuurance premiums.if .
<br /> . , any;(e)Y�Y�o�8e��F�'�,if any,and(�anY�ms PaYabte bY Borrow�tn L.eader.in accordanoe witb the . �; ''.i��
<br /> . . provisions of p�ragraph 8, in tiw�f�be payrn�c of mortgage �r.ts�ce Premiiuns.'ti�ese items ase called"Fscmw Ite�ns." - ..
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<br /> Leuder may.at any t�e.voIle�t and�:�Fimds pa�.awaunt not tn exceed tLe maxim�amount a Iender for a fede�ally re�ared . _ ,.
<br /> � mort�-age toa»may zeqaice for Bmrower's esa+nw�ouat undea the federal Real Esrdte Setttem�t Piocedures Act of 1�3T4 as '{ � '�, --, I
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<br /> _ �:...,��s_:.;' amcnded from time to tirn�,12 US C.Secdon ZGUI et seq. ("RESPA"),onless anotLer law that applies to the Funds sets a lesser f � .,
<br /> =�r.•i• amoun�1f sn,Lender maY,at�yy ti�e,oollect and hoId Fsmds in an amount aot oo exce,ed the lesser amaunt Lende.r may .. _;: ,�, �,::- ;,
<br /> `��`� ` estimate the�nount of Funds due an dm basis of curreat data and reasanable estimares of eageadidues of fuwre F�mw Items or `;.� '"�_ :.�. -
<br /> ' ; - .;��.� o�e a�acca:dance wid►a�Plicable law. _.:��_
<br /> 'llie Funds shall be heW ia an instimtion whose depasits are msiued by a fedr.sr�agency,instrumentatity.or en6ty(including
<br /> Leudea.if I.�dea is such an instiamion)or in any Fedaal Home Loan B�Ic.f�mder shall apply the Funds to pay the Fscmw t
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<br /> � • Items.I.e�der may not charge Bonower for hoiding and aPDtying the Punds,aim�i3Y�Y�B the e.sctaw accaunt.or verifya�g .: ���`=-°,
<br /> the Esc�v Ite�ns.untess l�mder pays Bomower intr�e.st on the Faads and app'_at�le law p�u�iu Lemder to matcee such a cbarge- �
<br /> � However.Leudes may Eequire Borrowea w pa7►a one-tune cLarrge for an�t real estate tax reporaug service ase�by � � ;'�,_
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<br /> � Lendei in coaaection ctiv�this Ioan,anless aPPii�:sle law provides othetwis�UaLess an agrc�ment is made or applicable law ,;,.;._: � e.`.�
<br /> • � � ��es�ac�c so ue��ae�snau no����o vay sorro�►e�a�y�o�ea��on�r-�.Botrower and :: .•4;.�.,;:
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<br /> 4 Lender maY ag�ee in��,howe�,.that interest sdall be paid on the Funds.�mier sfiall give ro Borrm�+��+ithout charge,an ;;._;. . ,i; :
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<br /> � sc far�firia�each debit to the Funds was ��'�=":.:,��-� , � ,
<br /> . •; aamral accounting of the Fands,sh�Mu.1g credits and debits w dte Funds and th�p.sW ',:_r,;;�::!;; ._,_..
<br />'.�� • := made.'ihe Funds are g.�"ed as additio�l security far all sums secur+ed by thig Sewriry Insauu�eat ; ; �':: , : /,t:
<br /> . i If the Funds heid�+p d.e,ndea exceed the amou���miued to be heid by a�sliLrble law,Lender shall accaunt to Borcower for ' . .:�:;
<br /> ' . the excess Fands in accardance with the m,elw�meats of applirabte law.If the a��mt of the Funds held by Lender at any time is -.--•--.;.�:i.::�.--
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<br /> � not su�cient to pay the Fscrow Items whe�n due,Lendea may so naafy Boirower u�writing,and,in such case Bormwer shall paY . � • -
<br /> ' � to Le�nd��he amount necessary to make up the defciency. Bair�a►er shall make up the deficieacy in no more than twetve : .�:;:,,��`,... � .,Y.
<br /> monthly p�ynents.at Lender's sole discxetion. �,��v�i�� �.
<br /> � I Upon payment m f�of all sums sec�ued bY this Se�curity Instnunent,Lender shaU prompUy refund ta Harrower any Funds r`'
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<br /> � ' � held hy Lrenfdeer.I��i��-�r'..graPh 21.L.end�shall acquire or seU the Propaty.I,cnder.prior to the asqui�tion or sale of the ;:
<br /> • ' � Praperty,s1�all aR7�g�'i�'-�v3s hetd by Lender ai the time of acquisition os sale as a credit against the ss�:�s seaued by this f:�� : "
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<br /> ,•= Set�uiry Insmuti�. E ;'� ` '
<br /> `: • 3.Application of Waymenla Unfess applu�ble 1aw provides othera+ise.all payments received by Lendea under para�aphs 1 .,i:=� •�x
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<br /> .'��,'.. 1 m i d 2 s h a l l b e a p p T i�:f i r s t,w a n Y V r e p a Y ment char ges due undcr the Note:second.w amounts payahie imder paragraph 2: s : .�'.:,:�,:�., • -
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<br /> y th'ad�w interest due:fauith,tn prmcipal du�C and last.w any latc charges due imder the Notc. � , .,
<br />',;. �� . 4.Charges;Ltens. Borrowex shall pay all ta�ces.assessmeats.cdarges.fines and impositions aun'but�le to thc Pmperty � 4 ,
<br /> wtuch may atmin priority over this Security Inslrume,n�and leasehold payments or ground rents.if any.Borrower shall pap these . .
<br /> • obligations in the manner provided in paragraph 2.or if not paid in ttiat mannet,Horrowca shall pay them on dme directiy r�the .',;;;�?Y� �
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<br /> , • t peison owed paymeait Boaower shall prompdg furnish to Lendea all nouces of amounts w be paid under this paragraph. If ';.,,.3
<br /> . } Bor[owra makes lhese payments direc�tY,Boaawcr�h.all p�mptly f�unish to Let�dca receipts evidencing the payments. ���.,
<br /> . . � s, Bo�wer sball prompUy dischasge any lien a;:vch has priority over this Securiry Inswment unless Borrower:(a)agrces in `�;,. • ,
<br /> ,.`' . ' � vrriting to the payment of the obIiyy�en se�ured by We lien in a manner acceptab2e w Lc�der:(b)wntests in gaod faith the lien :,;`.�,:�:.
<br />' ;`;� �';`;:�•:.'; - ahict� in the L.a�der's o inion erate to prevent the � ,
<br /> ,..�,.,. . `I by. or defends against eafo�eau�,u.af the Uen in. le�l Procc',edm88 P °p ._�r
<br /> ':'# � �i enforoement of the tiea:ar(c)secases from the�old�of the lien an a�reanent satisfactory w Lender subordinarmg the lien w . .
<br /> � ` Ihis Security Instramen,E.tf Lendca dere�cnines t�at a�Y Dart of the Pmpeaty is subject w a lien ahich may attaiu�priority over this r •,..' �
<br /> Security InstrumenL L.e�cder may give Botrawer a norice identifying the lien.Bo�rower shall satisfy the lic�or take one or more I
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<br /> - � of ihe actions set fotth above ariNaz IO days of ttte giving of notice. I
<br />�.�.:`'. � ` . Form�4�13 9l90 I
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