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<br /> ` ��.;a.;t� 'fOGSTHBR WfPH ell.the impmvecnPnntg naw or leereaRer erected on the pmperty. BPP� • �:
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<br /> '` °;';:'�. ''� fixtures aow or dereafter a,p�t of the pmperry. Ali replacemertts aad addiitons sbali also ae.coveced Dy ttds �Ity ��_
<br /> � ���';.;,_.;� . Instnuncat.Al!of the fo�oing is refctre�to in this Secarity tnsuunca►t as the"Proparty.° � , a_.
<br /> �� $OitRQWEEt COVENl4N'P5 3hat Borrower Is lawfWty seised of the estate here4►y conveyed and Ast�tlie dgQt W.gr�tt antl �-
<br /> .. :.c w n v e y t h e P�n p c r ry_a n d that the.Pro p e r t y is aaencumb�red.excePt for en a m o b i a n ce s o f r e a l r�.B o r rowu warrants and v�IU' � G;
<br /> '' ���� . defend genciaiiy ti�dtIe to ttre Progerty against al!cIa�nos aad demunds.sub'ect to any en c u m 6�t aces o f c+�e o Y d.
<br /> ,�"�=-`"`s`-.�� 7lflS$SCtJRI'�Y iNS3'ktQMEi�T roatbi�s t�nifoun sovenants for natI�na!use sud nor�-unifmm coyettants wit61imtited �.
<br /> �'��.�€ vafsa�ans by jwisdidion to oaasdtut�a nuiform se�vrlry ir�uuznc�t cavering rea11�F�Y• �-'
<br /> - , . ,.-F �iriI�ORM COV�tAN'!S.$ormwer and Lender oovenant and agree as foltows: �.
<br /> � � �r' . �� �` Y.Praymeat oY Prindpal mKl Tater� �c'ei�a5r�ent amd Late Cha�ss. Bonnwer shall psomptiy PaY whea�iiue ttte --
<br /> . �' ''s pr�acipal of and intemst on the de6t eviden�d by the Note and aaY Frepayment aad late ctearges due under the Note.
<br /> ' � �,� , - '� Z.Fnuds�i?oz Ta�es ead In.�aranoe.Subject w applic�ble law or to a writtea w�iiver by L�nder.Botmwer shali pay ta a,,..
<br />: :�;',.�- ".: .�:': Lender on the day monthlY PaYm��due under the Note,�until the Note is paid in�fillt,�g sum("Funds'7 far.(e)Y�J►�� �_-
<br /> . . '�;:; aad assessmsots wh�ch may attain prioritq over this Seauiry'lnshuusent as a Gea on the'PcaPeetS►;tb)Year1Y teas�ald payments_ --
<br /> . Y 'uias:(d)Year1Y Qood�nsuraa�Qtemiums+
<br /> re i
<br /> ;�,. - ,. . _
<br /> � " . :. •t; ar ground zents oa the Property.if aay:,(e).early da�ard or propettY�nsu�mce P� Bmmwer to I.eader.in accordanse arith
<br /> '` ,°: if aay:(e)Yeazl'9 mor�gage�F�if a�►y:and(�aaY sums PaYab Y -
<br /> �
<br /> ' .:-"';_,� �provisi�of pa�grapb 8,in lieR of the payment of amrtgage insnrance Preauums-These items are called'Fsc�uw Items.° _-
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<br /> • r;:.; Leader may,at eny t�me.coltecrand hold Funds in an amount aot w exceed the maximum amonnt a tenitet far a federally --
<br /> �?'``�� ' ''w:�' retate�mnrtpage toaa may�qui�far Borrawer's esaow aocaaat under the fedecal Real Ettate Sealemgnt Psocedures Act of �-
<br /> ,�� ';'°��` �'�a 19T4 as amer�ed fmm tIme to ume,12 U.S.C.Section Z601,et seq. ("RESPA').�Iess anotber law that a�Plies to the Faads ,
<br /> -�X . sets a lesser�amonnt.If so, LeMer inay.at aay time,aoDed and hold Fand.s in aa amaunt not w exoeed die tesser amonnt. . _
<br /> ` �-�
<br /> r:.:j Lender may es�the amauut a�Fuuds due on tke basis uf aumnt data anfl reasonat�le esamates of expecditun§o futare Y
<br /> , '' , Escmw Items or atherwise in aeoordance cvith applicabte taw. � �
<br /> _ :,,A�a Tde Fuads st�all be held in an Iast�tution whose deposits are Insu�d by u Fedecal agencY. iasuunneatalitY.or endty _
<br /> ';��;,'.` F::::.;� (inc(a,dinS Lende*.if I�ender is such aa ins6tution)or m airy Faderat Home Loan Bank.Lender st�all apply cf�e FyAds to pay tbe
<br /> _ - F.scxow Items.i.ender maY not d�ge 841tuwer for holdi�and apptying the FunGs.aanaallY a�alYzin$the escrow acoonat,or .
<br /> ��� �• vet�f'ying the FscTUw Ite�aas,uaiess Lender PaYs Horrower�nterest oa tue Fnnds aad applicabTe law permits Lender to ma�e sec�
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<br /> �. .� i�ge.Howt�rer,i.eadee may requine Boirower to pay a aae�time c�rge for aa iadcpendem re�t estate tax reporting service
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<br /> �%�,' ` ieader in connearoff witb th�s poan, w�tess �Dlicable law provides otheruvise. Unles4 an a� is made or
<br /> � � ' �s�Hcable law reqai�es iater�t to be paid.lxnder shal�mat�be re�uired to pay Borrqt}�er.acry iate�st or earnings on the Fnnds. . ,
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<br /> :% ... ' ��� :�dtrowei and I�ndeT may agr�ia writingr IlOWCVCis fhat interest sball be paid cmt4te Fands.Leader sbali give�uvQorcawer, .
<br /> '' �,'�{ �# " of the�Fw�ds,showing cxedtts aad d�its to dte Fnnds and the pn:pase fnr wiuct�each ' .
<br /> '` ..�' `•. ,.��:; ;�. widtout charge.an aaaual acoountin8
<br /> '�� r,��'_ ;:"a .' debit to t6e Funds was made.,?�he Funds�>pit�ged as additional security for aU.sums serured by c�:s SecuaitY�nstrument. . -
<br /> t �:�'E , If the F��ds hetd by i�r e�ce�ihe amouata pesmitte�to bs held by applicable law.Lsnder shall acaaunt to Borrawer �
<br /> �� .fflr the exc;�s�unds in�cordance aith the�e9u�m��tif applicable taw.If�the amouat of the Fuads deld by Lender et ai►y
<br /> .. � y ;"=` time is dot suff cfent to pay tha Escrow Items when dne,Lender may so norify Bomower in writiag.a�d.in sacbi tase Botmwet
<br /> . . "•i shall PaY to Lender the amount nexe�ssary►to make up the defidettcy.6orrower shall make ap,the defccieney in ao aaore'than -
<br /> . ..�.,;, •.,� .
<br /> �:��� ¢vie2ve mantlil9 PaYments•at Lender's sota�di�cretion.
<br /> � k�`` � UPan Payment in tiill,of atl sums s�cured'by this Secairity Instn�meat, Lendet shai!proaiptly refund to 8orrower any
<br /> • � .�s�nds held by Le�rdes:If,under paragrapb 21.Lende�sYmll aaNire ar selt the P'ropqty,Lendec,Prior to the 2sa�dsition or sale
<br /> i.I�.S.• ..!1
<br /> - � ' �; �Sf the Praperty.shall appiy any Fands h�id by Lender at the time of acqaisition os sale�s a credit against tIte�?ns secozed by
<br /> ;�.�,:":-'��,, ;.;.. � this 5ecu�ity tnsu�ment. . . � .
<br /> :.z: --,�-.,;,:,. cu: .
<br /> , ',"�h .� r�eived 6 Let�der�det hs.
<br /> 3.Appllcatton aYYayments.[Jnles��pCcable taw pmvides other�rise,af1 paymecns Y D�P
<br /> .'•''�.��';':«:�Y'U,�.,���' ent cs due under the Idote:�secand.to amo�snta Payabie�md�r paragaph Z: �
<br /> !.: ! 1 aud 2 shall be applie�:��st.to anY Qrepaym c�a�g ;
<br /> ':, tturd,to interest Que:fmnth.to principal due;and last,W aaY iate et�atges due vadar�4�he Note. ;.. .
<br /> -' � .�. � ' .4 . . . Q,Chnrga;Ltea9.�orrawer shall pay all tax�s.assessments,charges.fines�iid�nPusitioQa attn'butabi�`c:�thc Propert�+ -
<br /> .�-.�:..::.:;:�..,;�` �� whicb mx�at�n P��ty aver this Security.lnstr�meat,and leasehold paymenu or graond reats.if an3!. Bormwer shall PaY ---
<br /> , � �;,� .� .� these obligarions ia the manae�Pr�vided in paragraph Z,or if not paid in tLat manner,Borcowe�shall pay them on time di�ctly .
<br /> t_;;�._'��. ;" �� to�he person owed payment.Borrower shall pmmptly fumish w Lsnder all notices of amounts to be pa�d undet thia patag�aph. •
<br /> th evidencing thepayntents.
<br /> ,`�• '� ' . � .`���orrower maltes these paymeats aimciiy.Barrower sIr,�tl p��Pdy fitralsh to Le�=t*��P�
<br /> . � . ��' .� Burnower shall promPtiY disci�arge anY lien whic�u f�s Priodty over tt�is Seruii�Instrument ualess Borm�r:(a)a8tees ir►
<br /> � , � �'�arriting to the payment of the obligatian secured Yry the lien in a manner aooeptable to LenQer:(b)contesta in goad faitt►the lien
<br /> .' �a ..
<br /> � ;� .:,�;�,�' ' 6y. ot defends a�st e�'oroement of th�,lien in, legal praoeedin&s which in the Lender's apinion opecete to Qrevent the
<br /> .;7'f`,�`y' y enforaement of the lien;or(c)seaues fro�'+the holder of the lien an e�eement satisfactory to S�ra3er sabprdinating the llen to .
<br /> . �:�,,��, is sub'oct to a tlen arTrich may aueia paority over
<br /> . � this Secutlty insttum�nt.�C!I;�nder determ9n�that any Qatt of the ProPeriY 3 ..
<br /> � this r.,,ea�rity Instnunen�Letider may give Borrower a aotice identifyi�8�e lien.�artnwer sha11 satisfy the tienm take one or
<br /> � � .'-:'�,� more of the actions set forth above vrirhin 10 days of the giviflg of notice.
<br /> .. '•'.i`�' : � ' . i'aan 5428 9/90
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