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<br /> _ `f;�. 'f'OGETHER WITH all tiis inipr+�vemeau now or hereafter e�ted oa the P�P�Y•and alt easemems.aPP�•� >.
<br /> , �` •� . fixtures now or �eceafter a part of the pmperty. Alt replacem�rs aad additions sbari also be wvered by this Se�auiry ,
<br /> ` �`���c Insnvmeet.All of the foiegoing is refeued w in tf►is Security Ins�umem as the'Property.' �°.
<br /> - . SORROWER C�VENANTS dtat Bomuwer is tawfiilly seised of the estate hereby wnveyed aad has the agf�t eo gcant aud �'� -
<br /> � `�v` '� comrey the Pragerry aad that the PropercY is un�b�ed. exceQi for eacumbranoes of record.Bormwer wanaats and wiU
<br /> F_:,� defend generally tise dtle to the Pmperty�egaiast all claims aad demands.subject to aay encumb:ances of record.
<br /> ��-'. -`� TAIS SECiTRi3'Y iNS3'RUMENT comb�nes unifaraj caveuaats fos nat�oaal use a�con-unifoim co�enants a►It6limite� ----
<br /> . . . ._�. variazioas by jurisdis�ion to constitute a unitoim seauiry insuument wver[aS�P�P�Y•
<br /> . ;: :<; iJMFOitM COVENANTS.Bo:rower aad lxnder coveaant and.agsec as foflaws: •
<br /> . �:� 1. Peyment oY Pr(udpat and Int�t: PtepaYaaeat ond Late Churg�v. BQrroaer sha11 promptlY PaY ahea due tLe
<br /> ..",. � ; principal of and intet�t on the debt evidenceQ�y the Noce and�aY Pn9aYment aad lau c�arges due under the Note. . .. _
<br /> ���� a.Fu�ds tor T�c�s and iastiranse.Sub�ect to eppUcable la�ar or to e written w�ivet by l,eader,Bornower ebaU pay to =
<br /> � . .;.,,:� Lender an the day mnnthly paymsnta are due uridu the Nate.uatil the Note is pafd in N11.a sum('Funds•?for.ta)Y��Y��
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<br /> ,_ � ..:,: :,. . and assessments wbicD may atlain pttotiry over this Secu:ity InstNment as a tien an the Property;(b)Yeatty teasehold paym�eata -
<br /> , or grouad r�a�s on the Property.if auy.(e?Yearly�azard or prnpeny insurnaee premiu�s:(�Yeariy ttaoQ insurance pmmtums. ;
<br /> 8
<br /> � � if any:(e)yearJy mortgage insurenc�pr�miums.if suy:aad(t?ea}sums PaYabte by Bmmwer ta Leader. ia aaordaace arith �_
<br /> ,� ' � . :' ebe pmvisions o!paragraph�.ia lieu of the payment ot montgage iasurance premiums.'I9�se items a:e called'Escrow Icems.' ¢=
<br /> „ � Lander�ayr.at any dme.coUect and hold Flu�ds in aa emwnt n+at co euad the maaimum amount a leader for a federalIy
<br /> � �. � retazed mor[gage toaa tnay require for Boirav+er's escr�sw aceouat under the feQeral Real Estate Setttement Arocedures Act of -
<br />, �-`.•: : 1974 as amsnded fram time to ame. 22 U.S.C.Seaioa 2641 et seg. ('RFSPA'),�ess aanther taw that applies w the Funds !
<br /> .�..
<br /> _ .. . . � : eas.a lesser amount: If so, Leader may.at any time. ooltect and hoId Fimds ia aa amount nos to e�coeed the tesser amoual. .
<br /> . . , _.`�r?R� Leader tttay estimate the amount of Funds due on ths basis of cmzent data aud�anabie estimatas nf expenditures of funue __
<br /> � Escmw Items or otherwIse in acoardance with applirabte law. , �
<br /> . ..`.:c,�• 'Ihe Fnads sha11 be held in an in.stitut�os►whose dcpasits are insnred by a fedetal agency. insuvmentality, or enury
<br /> '_ � . :�.. (;ncluding I.ender.if l.ender js sncb aa insptution)or ia aay Federal Aome Loan Bank.I.ender shaU apply the Fnads w pay tIie .. _
<br /> ..�. .�., ,_ , Escrow Items.�ender may not cliarge Bonower for 4oldiag and applying tIIe Ftmds,aanually anaiyzutg the essrow aseouut,or _"
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<br />. Y. . {'.':• ` ve�yipg t�e Fscrow I[ems.�mless LEacter pays Bormwer imeresc oa the Fwids and applls�ble law pera�its.Leadea to make sur�D _
<br /> . ;;;�; a.d�uge.Hflwever..Leader may requ�re Bormwe�w pay a oaeaime cbarge far m�indepeadeat r�al estate tax�porting servIce -
<br /> � '''�4ri -1 ctsed by L�der in canne�tion with this to�e,uates aPPlicabte Iaw provides otheiarise. Unless an agmemeat is made ar =.
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<br /> ,';;�;�i;,. ��olicable laa ieyui�es iaterest to be paid.i�eder s6aII aot be required to pay Borrower aay inte�est or eataiags aa the F�mds. _
<br /> � 1�ower aad leader may agra in wiiting,however.diat 9nterese shall be paid oa the Funds. Lender shaU$ive to Bosower, --
<br /> � .��� .. � �"� . �*�ont charge. �annual accounting of the Funds.�tava�ng credits aad debits fo the Funds and the puspase for which earlt �:,;,�
<br /> .. ��.`;,.;�s':```° �it to the Fimds was made.TDe Fnads ue gledged as�:'tionai securig+for all sums secu�d by this Secority r,����c_ � _..
<br /> , • . • . �' : Jf the F�ds held by Lender exeeed the amonn�s ge�tted to be beld by apFli�ble law,I�elldei Shell acxo�t to BOiiOwBi
<br /> licab�e taar.If tl�e amopac of the Funds held by L,ender at�y �
<br /> -y fnr the s�cess Ftrads in accurdance�+ith che requirem�ts of app �;,
<br /> , . . , t�e is aot soff'iciau to pay the Fscsow Items ahen du�,&�der maY so notify Hormwer in writing,and,in sucli case Borrower
<br /> >:,�..�.'+�.� �:� .��..=3t pay to l�nder the amount necessary to make n�c�.°ctefictency. Bo:rower s�t make up the defic�ency n�na more than �_'--
<br /> 1 s�2Yve monthlY Paym�ts,at Lender's sole discreaon. � �;�--
<br /> ,i� .' Upon paymeut in fnil of aU s�s se�ed by t�s Secnriry Instrument. Lender sLall pmmpSy refund tn Boiroaer aay �, -
<br /> .. .��,°+�1 ` ' . �'�mds held by I.ender.If.nnder paragraph 21,Leader sha11 acquite ar sell the Propercy,Leuder.Fzes�r to the sequisTtion ar sale --
<br /> :.s>:<< : =:.
<br /> � ' � = c�the properry.shall appty sny F�mds held by Lendcz az the time of acquisition os sa'e as a credit against tke s:mg seaued by ;:-_
<br /> � G�SeCUtity Ins�• °=-
<br /> . :� ��: 3.Apptic�tton oi Peym�ts.Untess applicable la� �r�mrides othe:aise.all ayments receiv�d by Lend�ffir'.�r paragrapLs �
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<br /> • � ' 1 aad 2 shall be applied:firsc.w�y Psepaymenc charges due under tha Note:second,co amounts payable ur+�r paragrapL 2; -
<br /> � ��.� third,to iute�ss due:fourth,to principal due;and last.w any late cbarges due nnder the Note.
<br /> .,..� � Q.Charge�Ueas.Borrower sLall�PaY all taxes,assessments.charges.fiues�imposiaons atm'but2ble�o the Pmpeny l;;;,::
<br />- � ' m+LiCb may ailain pdosity oc�Ih1s SeC�1iry �ctn�mean eIId leateho2d p3ymeats Gs�giolmd Itdlis.iY anj►. B�+.l�we!shell p3y :�:;.,,;
<br /> , .'�,, `. . Q�ese obligatioas ia the maaaer provided in paragra�2„or if uot paid in that manner.Borrower ahail pay the�s¢�dme dir�y .,
<br /> . ,, . [o the persoa awed payment.Borrower shall pr+amptty fnmish to Lender all aotioes of amounts to be paid�mder�this paragiapb.
<br /> • . .. � �� If Barroaer makes these paym�ts directIy.Borrower s�all promptly fumish to Lender receipts evidencing the payments.
<br /> _ � � .f Borruwer shall promptly dis¢harge any liea wbic��has prior[ty over this Serurity Insuument untess Borrower:(a)a�o�s ia .
<br /> . r� : , wtiting to the payment of the obl3gasion secured by the fiEn in a manner acceptable to Lender:(b)cantests ia�faith the lie�
<br /> � : � • by. or defends agaiast enforoemem o!tLe lien in, tega] proseediags which in the Lender's oyinion oper^�,:to prevem the
<br /> • . �. , eaforcement ot the lien;or(c)secures from the holQer of the lien an ag�eement satlsfaccory to Leader subordlnating the liea to _
<br /> � . � . this Sean�iry Iasuament.If Ixnder determines t�at a�►part of the Propeny is subjecc to a lien whicb may auain prioriry over -_
<br /> .. �. thLs Security Instnsment.Iender may give Borrower a nodce identifying the lien.Boamver shall sansfy the�ieu or take oae or �
<br /> � more of We actions set forth ahove within 10 days of the giving of norice. •
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<br /> � . Farm 3028 8J90
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