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<br />'`� � , 7�0(iETHEEt WITH all the impmvements now or dereafter erected oa the piaperty.rmd all easements,aPAurt�ances.and �` '. `.
<br /> 6xaues aow or hereafter a�c of the pmpertY.Ail ceplacemeau and additions shali also be covered by this SecuritY Inst�ment �
<br /> , . AII of the faregoing is refeued tn in this Sec�nrity Iasaument as the"PropertY"
<br /> � BORROWER COVENANTS ihat Bormwea is lawfuliy seised of the es�te herebY wnveyed and has the right w�t and ��`
<br />= � � convey the FropatY and that the PtopeatY is unenaunbered,except for encumbrances of cecord. Borrower wanants and will ! , ,
<br /> - . . defead genaallY the titte to thc Property aga�ns�alt claims�d demands.subject w any eacambrances of record. ` ., .
<br /> TFIIS SEC[IR1TY INS1RUi�Nf combines imifoim oaveoants for national use and non-unifarm covenants with limiced F
<br /> .-� - - - ��ria�4ns by jurisdiction to oom'timte a uniform sec�rity insm�ment cove�ing real Pro�rtY- t • • . •
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<br /> �� UNgapRM COVENANTS.Borrower and l.e�ndea covenant and agree as foIlows: whrn due the � - .
<br /> - 1.Paymen4 oT�rindPal and Inte�es�Prepayment sud Late C6ar�es. Borrower shall promA�Y PaY .
<br /> - � eat and tatc charges due under the Note. �•
<br /> .�. � grinci�al of and mtarest on the debt evideaced by the Notc and anY P�P� � ,
<br />, �; - t Funds ior Taxes and Iasnrauce. Subject to applicable law or to a wriuea►aaiver by I.eadea.Borrowea shall PaY to .
<br /> �' e d a a s o n s�eat�are due under the Note,nnn7 the Note is paid in fui1,a sum("F�mds'�for.(a)Year1Y�u �- • k
<br /> , L e a d e s o n t h y �Y P a Y ¢�r i y t e a s e h o l d p a y m � "
<br /> j • • and acsessmeats wlucb may auaiw p�iority over this Serurity I n s a v men t a s a li e n o n t h e P ro p a t y;(b)Y ( • , :.
<br />`� : earl t�ard or pm ins�nance premium�(�Y�Y�insuiancc praniums.if ; � - '
<br /> z, � or gro�md cenis on the Pnogeaty,if anl•(�)Y Y � le b Bosowea w I.ender,in accordance with the i ....
<br />_'� . - r aaY.(e)YpT t Y m a rt g�ge insucaace pseaniums.if any,and(�anY sums PaY� Y
<br /> j . ; rC:r"r�•� ....
<br /> - � provisions of aiagraph 8, ia lien of the payment of mortgage msurance piemiums.'ihese irems aze c�l l e d°F s s r ow Items." �:r',,�.t'F .
<br /> f: .,
<br /> ��`" Lend�may,ai az►Y time,ooIlect and hotd Funds in an amoimt not w ex c e e d t he�aximum amount a Ie..^�for a fedcialiy related � . ,.:��:"�:..
<br /> i . m�ge�may iequire for Bonower's�w aocount und�the fedeaal Reai Fsrate Seulem�t�Act of 1974 as _` `
<br /> :F`: � . � ameaded�.�tnme tn mae,12 U.S.C.Seaian 2601 et seq. ("�pA"3,��another law that apglies tz�Funds sets a lesser ,
<br /> � `;°`'' '' amomn.�'sa,i�nder may,at any time,callect�d hotd Funds in an amount not to exceed the ies�r�ouru.I.eader maY .. •' ` ..
<br /> `l ' : '_ .•.
<br /> `�'` .., e�imate the amouat�£rc�ds due on the bavs of c�ureat data and reasonable es�mate.c of ea�pend�cP`_"-�e E�xow It�ns or .
<br /> �
<br /> � t .� atherwise in acxaida.-",r�'�aAP�Ie 1aav. . � ` '
<br /> �.�. . ;; 'lhe Fands sl�ll I��id in an iastitution whose deposits ate IIuured by a federal ageacy,��nsm�r�e�F�mds w pay 1he�Fsc+ow �
<br /> .• �'-„�::``�`:,�� Lender,if Lender is such an insdtation)or ia any Fede�al Home Loan Bank.Lender shaU app Y f < <,.:-�.,�.:
<br /> =Ys � Itesns.I.ended maY not char8e Bor,rower for hotding and apptying the Funds.annnaltY aaalYzmB the es�ow account,or verifying .. ':�.�.�
<br />--�:'_ , .. the Fsaow It�s.umt�b..euder paYs Boirower intaest on the Fuads and aQplicable law peamits Leader to make such a ct�arge. .`�,:
<br /> ��a by E ��, -
<br /> _t.: � However,Landei ma�c e�r'w�Borrowea to pay a os�time cdarSe for an independent real estate tmc reportm8 . z= ,
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<br />° .s . Lender in connecdon a�this toan.anless applicable law pmvides otheaa�ise.Unless an agter,ruent is made or applicable law ,,, . �t;
<br />'.�'« r�s�.st w be p a i d,I.endear s�:l noi be requaed w FaY Baaower any interest or eamings on the Fuuds.Bonower and • ., ,'�•.,; .:
<br /> :.+ Leadet�-r agcee in aRitinB,howe�-�,fl�at interesc shaU be paid on the Funds.Lender sda1J give w Borrowea,withont c6arge.an ,,.,`,,::
<br /> •.j. . ._• 4�. '�l.:
<br /> ��'''f S}�� predits and dehits w the Funds and the purpose far whic6 each debit[o the Funds was -- .
<br /> ?' ana u a l a c x o�ti n g o f t h e F i m d s, 8 . •.
<br /> . made.lhe Fauds are p"_�c,�as additional seauiry for all swns secaued by tdis�.�.vsity Insdrament ... �
<br /> .3'� �d e d e u�t h e a m o u n u p e a m iued w be held b y applic�bte law.Lender shall awount w Bormwer for �•r, ' �°:r,
<br /> • •..,� . , � If tt�Fsmds hetd�r* . • ,
<br /> the euee��r�a d s in a a o c�'�aace w i��.�r e q u i r e ments of a p plicable law.Yf the ampunt of the Funds held by I.en d e r a i a ny t i m e i s :• �,,A�
<br /> �' �,'r:�: ' noi suffrsizat w paY the Escmw Ite�s�fien due.Lender may so notify Bonowea in wriw18,and+lIl SuCh c�se BOItc1wC�sh811 pey ` - :;:'r:,�.:�`.
<br /> -�'k , '���'; - to Lend�the amounc cecessary to make up the deficieacy. Bonowar sshaall make up the deficiency in no mare than twelve _ ._ � _.:1.'�:',
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<br /> , . ' � monthlY PaYments,at Lender's sole disc�tion. , �' ::,.;
<br /> � . UPaA PaYment m full of aU sums secured by t1►is Se�rity Instrumeat,Lender st►all pmmptiy refund to Borrower smy Funds ;; t. ^M.
<br /> 21 Lender shall uire or sell the Pmperty,L,e�der.Prior to the acquisitian or sale of the � '., ...
<br /> �"'� held by I.ender.I�under paiagraph �9 � '•, ��.::°�.
<br /> � � � prpyerty,s6all apply any Funds held by Lendra at the time of acquisiuon or sale as a c.redit against the sunns sec�ued by dus - :.r..,F`
<br /> .�:s . Secarity Insuume�t - ,'.-.
<br /> - 3.AppHeatton oY TAngments. Ualess app2icaL•rr.!aw provides oth�vvise.aJ payments received by Lea�er unda parag�phs . .•
<br />_ - -� . . � 1 and 2 shaU be aPFti�fus7.w anY P�Ym��es dne under the N�y::second,w amounts pay2b:�under paragrapb 2: . ,���,,,.
<br /> Y?:"'; � third.to inuaest due;fo�-.3�,m p m u�'.�]du�and 1ast,tn any late�:ges dne undec the Note. .'�'
<br />:'-r.+ ' �::>>':� . '' :,,:
<br /> ,_; :'.::�i:t �;�� �.�gesiLiea�. Borrowe� 's.�'�aU PaY all taxes.assessrt►�"s,charges.fines and impasirions aun'butable to the Property ..
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<br /> �``�;;, . �. ove,r this Seauity InstrumenL and lease6otd payments or ground r�ts.if any.Barroww shall paY these
<br /> _° � ahich raY aua�g�'Y .
<br /> : . � obligstions a►the r��.c�r grovided in para�aph 2.or if not Daid in that manner.Borrowea shall pay them on time direqly w thc . . •
<br /> `�( . person owed pay�=i3orrow�sdall promptly �rnish to Lend�all notices of amounts w be paid under this paragraph.If t'
<br />�-•'1�.. ' .. . . _
<br /> - :_� . . , � Bosoa��e�akes thes�wayments dir�:iY.Hairower shaU promptly fumish to l.ender receipts evidencing the paymea►ts.
<br />;� ;; . . . . Ba�s��er sha11 pmmptty��Y��ich has priority ovPa this Securiry Insuuu�ent unless Honowex.(aj�,g[e�s in
<br /> a
<br /> ::t � writing na t�e pa}r�e�t of the obL'�an sec�ued by the iien in a manner acceptable to Lender:N)cantests in good faids ri�e lien . : . .
<br /> .•• t . by,or defends agaia.2 enfoncement of the lien in, leP� P�P� which in the Lender's opinion aperate to prcvent the .
<br />='�=; • enfoicement of the I:�:or(a)seciues fmm the hotder of the lien an ageement saris�factory w Lend��turdinatinS the lien m r .
<br /> ' t�� . • this S�Y�meatt If Lendea��nes that any part of the Property is wSject to a liea which may attain ptiority over this � . ,
<br />- • S��,r���,�nder may 1�Hmrower a notise ideat�'yiag t1�e lien.Borrower sha11 satisfy the lien or take one or more . •
<br />- of the acci�3s set forth above withII►10 days of the giving of nocce. Form ao28 9�90 , • .
<br />. �'� � � � INtlats:
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