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<br /> ' ' TOGB� � a!1 the imp �l�placemenffi�d��o��i also 6a covered .: -
<br /> ,�"�:�•`- aPPuttena�ce.s�aad fiatur�now or hereafter e P is refert�to in�t�'s Sscurit91nstn�ment as th�"PropettY." � 'Y..:°.
<br /> ' _...-.�-�� by this S�curitY Instrumea�All of the foregoing , "'.
<br /> --- BQRRU�VER COVBNANTS that Borrower is IawfuUy seised of the�sta�fe�eII��an�oes oi�irevord.Ho�wer _- °---
<br /> , , � gRant and conveY the Pmpercy aad tbat the Pmperty is unencumbered,exceP �-;� t�..=��
<br /> generall the titte to the Praperty against all claims and demanda.subject to az►p encumbraaces _,,
<br /> �- watsants and w�l defend Y <: - :�-'
<br /> ._ _ . of�S S��IN�U�.r combiaes uniform covenan�for natioaal use and nnn-uniform cavenants cvith �. '_`:�-
<br /> �` -:� ,� ;4 1
<br /> / limited variations bY jurisdi mscrument wvering reat P�P�'- ." :
<br /> _ _ ,.,:_%. .. ctioa w oonstitute a umforn►securiLp�
<br /> ',��.;.„...
<br /> (TNIFORM COVFNAI�FT3-BorroWer and Ix�des coverant and agee as follows: 1 a arhen due
<br /> t�;`n. ���.;'�': l.Papment of Principal sad Interesi;Prepaymeat aad l.e t e C h a rgm H O�late charg s duetuYnder the Note. . `�.
<br /> . t h e p ri n c i p a l o f a n d ia t e r e s t an t h e d e b t e v i d e n c e d b y t h e N ote aacl aa Y P�p �-:
<br /> ..Y ,.�.' 2. FnnBs for Tases aad Inan:e�ssx.Su bjecc to a p F l i c a b t e l a w o r w a w ri t c e n w a i v e r h y I.e n der,Bo r ro w e r e h s 1 1 ' � Y
<br /> �'. p to Lestder ou tiie d aY mon t b lY P�9�e n t s a r e d u e u a d e r t h e N ote,uatil the Note Is paid ia fiill.a sum("Fuads")for.
<br /> u
<br /> � ��`�l � �}yearly te�es and assessmeats which m8y attain Priority over this Securit9 Instr�ment as a lien o�p�� _
<br /> ,"' ' .;:.;I��';,f' year l y t e a s e h o t d g a Y m e n t 4 o r g cound rents on the Property,if aap;(e�Yeacly hazard or propert9� � ble
<br /> ,.;;.;,,r� 4
<br />- -�::,s�'�::� (d)Yearlp flood insurance Pre�ums.d anY:(e�Y�Iy mortgage iasuraace premro m s.��►�ent of imortgaSe insuraace _ �
<br /> _ :':`-"'•"�= b9 Borrower to Lender,in accordance�vith tDe provisions oi paragraPh 8,in lieu af the paY =-
<br /> �:.�- •.`, premiums.These itesae are calted"Escrow Items. Lender may.at say time.colleci and hold fundsBa o e�'s�escro�v --
<br /> __ ,,r,,; loan maY recNire �
<br /> �j to esceed the magimum aaioaat a lender for a federallY related mortgage
<br />- .: `.".,E:f�'; • account uader ttie federal Real untess another lawrthat appfies w�th Funds sets a le.sser amo nt If so.Lender map. �_-:_.
<br /> ' ��-� Se�tion Z601 et seq.( RBSPA ). —
<br /> .���. ,;���:�. ,�
<br /> �`. et anY�on the basis of�cvrnent data and reasonable estimates of esPenditureg of future Fscr w Items$ o�otherw'�se in
<br />::;. �`- �::�.: Funds . _
<br /> T:.. r..,.,.:.:.6,•.. cable faw. . . . __
<br /> � ,. � . ae�cordance with appli t��'sasured bY a federal agenc9,iast�me�talir9.or entity _
<br /> ` �`,'��' Tho Funds shall be held in an ipstitution a-E�ose deposi —
<br /> ._ Leader;i4 T�n�er is such asb institutims}�r ia aap.���a1 Hame Loan Baak.Lender shaU applp the Fuads to
<br /> ��� (including Borcower fmr�i�tding and aPPT9��e Fvads.annually sualyziag tt►e =
<br /> :':�'���.:; PaY tha Fscrow Iteina I.ead��°w It�ems im3ess Leiider Pays Honower iatereat on the Fuads sud appucable law
<br /> � �• • �w accoun�or.verifYi�g i �r�rower to paY a one-�ime cbarge far aa' .
<br /> ''�`�'� � e sucH a Charge. Ho���. Leader may require
<br /> ;,,j.;:: .. pecmits Lender to mak ,�� Lender ia connectioa�tihie taan,untess appL�s�le law provides ,
<br /> J • ,, /,s mdependeaL ieel est&te teH Teporting seivt bF __
<br /> ` ,i rn .:.; otherwise.Unlesn an agresment is made�or app u c a b l e l a w r e q uires interest xo be Pai ta�'ng�h ew ver tha���
<br /> �. _ ,pay gonower any interest or eamia�3 o a t h e F u n d s.Bortoover and Lender may a8cee� ;
<br />'�.: '.`�. � ve to Barrower.without charge,aa aaaual acco�atiag oi the Fnads.ehawiag .
<br /> ` sha11 be paid on the Fuads.Leader s2�a�1 g� for whicb each debit to the Fuads wae tnsde•The Fuads a�Pl��� "
<br /> .. � � '..;.i csedits aad de6its to the Funds and the p�pose Iastrument. � - - _
<br /> �`° additianal securits+fPr sU sums secured by thia Szcvritp' �to ba held by applicabla law.l.ender atiall accaunt m
<br /> . , . :,` I{the Fh�nds held by Leader esceed the amousits permi -
<br /> . '; '� Bonower for the eac�s Funds ia accordflncs with the requiresaents of applicabla law.If the siaoaat of the Funds held �
<br /> .''..,�t by Lendet at aay time is not sufficient to pay tha Escrow Itesas when due.Lender map so aotif9 Borrower in writu►S. �,_
<br /> � an d.i n s u c�c a s e Horrower shal!Pa e e montht ayments.a�e�leakd s e e t i o n�ceiene9.Borrowtt ehall make
<br /> . ,:•�.;.> u p t h e d�c i e n c y i n a o m o r e t h a n t w Y P , ;i,-
<br /> " ... _ � Upon payment iu full oi all suma secured bq ttua Sec�irity I n s t r um e n�L e n d�r s h a l l p r o m p t l y�der, nor to the _
<br /> h 2l, Leader shatl acquire or sell the Properry. P ;�;�
<br /> . . : any Funds held by I.ender.Ii,under FaragraP � �;.,,,;-
<br /> ' ��,�:�:c:`.�;;�'? acquisitioa ot sale o4 the Property.ehall aPPly any Fuads held bp Lender at the time o4 a �tion or sale as a credit
<br /> � �:�;c::�;r,�:.�:..;; �
<br />_ ^ , �..: Y..,�y . aga�nst ttA�sums secured by this Securit9 Iastr�ment. �,
<br /> ��
<br /> all paYments received b�Lender under
<br /> , 3.Applicatioa oi Payments.Unlesq epplicable 1 m�p�v�g�a�under the Note:secoad,to ampuata paqab2e
<br /> paragtaphs 1 and 2 shall be applied:Yirat.to aa9 P�PaY c=,_-
<br /> . . •� ,��5 _ .,
<br /> � � ` under paragraPla�third.to intesest duet foutth.w Princ�pal due:aad last,to anY late chsrges dutions attribu�hle to the `�.''
<br />- .�� � ..
<br /> � . ;' .4. ((�argas; Liens. Borrower sball pay all teaea.assessments.ohargea fiaes and impo� .
<br /> '. ``.. � property which may attaia psiorit9 over this SecuritY Instr�ment.and leasehold pa�menta or grouaa rents� if any. --
<br /> �' b or if not paid in that maaaer,Bonower �:---
<br /> ' '``•`' Borrower ahall pay these obligatioas in the iaanner provided u►paraSreP 2. . �_'=,
<br /> ;. .� .�. ,.. ° • shell psy them on vme directlY'W the pe�rsoa owed papment.Bonower ahall promptly furnish to I.ender a11 notices oi �
<br /> i
<br /> . :`�°` amounts to be paid uader this pa�'agaPb.Ii Bortower makc�these paYYments directlY.Borrower shall promptly furnish �,. --
<br /> � � ."� to Leader receipts evidencia$the paymenta.
<br /> . , . �:}; Borro�ver sha11 PmmPtly discaarga aay atioa secur�p tha lien in e meanne�r ecceptable to Leader;b)contests n .. i
<br /> . ± agrees iA writing to tha paYment mt ahe obhg which in the Leader's opinioA
<br />_ . � .; good faith the lien bp,or detends sgaiast enforcement of tt�e lien in.leSai Proceedinp -.;:'.:
<br /> ' .. � ' . ...�' operate to prevent th t�e lien to t�bis Securit9 �Iastrument.ll Lender detetmines that an part of�PropertY�s s�blect �
<br /> . Leader subotdinating �.
<br /> . '. to a lien which may ettain priority over t�is$ECUrity Iastrument.l.ead_r may give Borrower a�9ti�e identifying the
<br />- �� lies�.Borrower shall satisfy the lien or take one or more o!the actions set forth above witbia 10 a'ass of the g►ving oi
<br /> . notice. • .
<br />-� iarm 30PS 9J90 '
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