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<br /> '1'(K;�:'fHk:lt W17'H ull the ir.ipm��cments naw or lureaftcr crected on ihe propeny. and atl ca�scmcnts,uppurtenanccs,and
<br /> fixwrcr nuw un c�rcallcr ii pan oF thc property. All replace»xnts unci additious shull ulso l� covcrcd by this Sccurlty
<br /> Instrunxnt. Afl of thc forcgi�ing is refcrred ta in this Securiry Instrun�ent us ihe "Prapeny."
<br /> BORROWFsit CUVGNAN'1'S thut Bi�rr�iwcr is luwfully sciscd uf thc cs�ntc hcrcby convcycci:ux1 has thc righl ta grant and
<br /> convey thc Pmperty ai�l ttwt thc Property fs u�xr�umtKrcd, excc{x ti�r eixumbrances of rccord. Horrower wurrants and will
<br /> def'eixi�c��erully the tiQe to the Propeny ug;dnst ull cluims u�xf demu�tds.5ubject to any encumbranees of record.
<br /> THIS 5�1?CURITY INSTRUMENT camhines uniliirnt covt�uuits for rwtianul us�:and nan-unifarm covenAnts with timited
<br /> varfuti�ms by Juricdlction to constitutc a unifcirm sccurity insirunxnt covcring rr.al prapeny.
<br /> UNIrORM CO!►�NANT5. Rorrow•cr urxl Lencier cavc�mnt unJ Agrce as fallows:
<br /> 1. Payment of Arinclp�l ond Intercst; I�repryment And late Chnr�av. &�rrawcr shall promptly pay when duc the
<br /> principal of und intcrest on thc debt cvid�nceci by the No�c uncl any prep�yment und latc charges duc under the Note.
<br /> 2. Fnndv for TAxes And Inwrnnce. SubJoct to upplicable law ar to a w�itten waiver by l.ender, 8nrrower shall pay to
<br /> Lencier on the day monthly p•rynxnts are duo under the Note,until the Nate is paid in full,a sum("Funds")for:(a)yearly taxes
<br /> and assessrmnts whic}i m�y uttain priarity�ver this Seeu�ity Insttun�ent as a lien on the Pr�perty;(b)yearly leasehold pxyments
<br /> or grou►xl rents on thc Property. if any:(c)yearly huzard ar pmpeny insurance prcmiums;(d)ycarly flood insurance premiums,
<br /> if eny; (e)yearly nx�rtgage insurnnce premiums, if eny: snd(�uny sums p�yable by Barrawer to Lender, in accordance with
<br /> the p��visions of paregraph 8, in lieu of the paynxnt af mongage insuranapremiums.These items ane called "Escrow Items."
<br /> I.onder may, at any time. callect ancl hold Funds in an amount not to exaed the maximum amount a lender for a foderally
<br /> rclatcci mortgage Ina�t may require for Borrower's rscrow account under the fexieral Real F.�tate Settlement Procedures Aa of
<br /> 1974 as anx�xial frorn time to time, 12 U.S.C.Scciion 2601 rt sey. ("RESPA"), unless anathtr law that applies to the Funcis
<br /> sets a lesser umount. If so, I.ender may, at ang time. collect und hold Funds in an amount not to exoced thc lesser amount.
<br /> Lender may estimate th� anwunt of Fun�ls due on thc basis of current duta and reatianablc estin�ltes of expenditures uf future
<br /> Escrow Items ar otherwise in accordance with applicable law.
<br /> Thc Funds shall be held in un institution whosc deposits are insurcd by u federal a�ency, instrumcntality, or entity
<br /> (including Lender,if Lender is such an institution)or in any Fafcral Home Loan Bank.I.ender shall apply the Funds to pay the
<br /> Escrow Items. Lcndcr may twt chnrge Hurmwer for holding and applying the Funds,unnually analyzing the escrow account,or
<br /> verifying the Escmw Items,unless I,etxler pays Borrower interost on the Funds nnd applicable law permits Lender to make such
<br /> a chargc. Howcver,L.ender may requirc Rorrower to pay u one•time charge for an independent real�state tax repoRing service
<br /> used by Lender in connection veith this loan, unless applicable law provida otherwise. Unless an agreement is rnade or
<br /> s�pZ=��!=ltt•y r�pdn•��nr��r rn Fr�ai�l, I rndrr�heli n�t he required to aay 13onower any interest or eamituUS on the runds.
<br /> Borrower ard Lender may ngree in writing, however, that interest shall be paid on the Funds. l.endar shall give to Borrowor,
<br /> without charge, an aanual accounting af the Nunds. showing credits and debits to the Funds and d�e purpose for which each
<br /> debit to the Funds wxs made.The Funds are plodgod as edditional saurity for all sums secured by this Sacurity Insuument.
<br /> If the Funds held by Lender excoai the amounts permittod to be held by applicablo law,i.ender shall aocount tn Borrower
<br /> for the excess Funds in accordance with the requirements of applicable law,If the amaunt of the Funds held by Lendor at�ny
<br /> time is not sufficient to pay the Bscrow Items when due,Lender mny so notify Bomow�r in writing,and.in such case Borrower
<br /> shall pay to Lencl�r the amount nocessary to make up the deficiency. Borrowir shaU make up the deficfency in na more than
<br /> twelvc monthly paynxnts,at Lender's sole discretion.
<br /> Upon paymeut in full of all sums secured by this Security Instniment. I.ender shall promptly refitnd to Borrower any
<br /> Funds held by L.ender.If. under}xragraph 21,Ltnder shall acquire or setl�he Properry,I.ender,prior to d�e acquisitian or srle
<br /> of the Property, shall apply any Funds held by I.end�r st the time of acquisition or sale as a crodit egainst the sums securod by
<br /> this Security Instrument. �
<br /> 3.Application ot Paymmta.Unless applicable law provides otherwise,all payments received by Lcnder under parngn�hs
<br /> 1 xnd 2 shall be applied: first, to any prepayment charges due under the Note; second.to amounts payable under paragraph 2;
<br /> third,tu interest due: fourth,to principal due;and last,to any late charges due under the Note.
<br /> 4.Charges;Lie�. Borrower shall pay all taxes.assessments. charges, fines and impositions attributable to tha PropeKy
<br /> which may attain pniority over thiE Securiry in�trument, and leaschold paymer,ts or ground rents. if any. Borrower shall pay
<br /> these obligations in the manner providod in paragraph 2,ur if not p�id in ttat rnanner.Borrower shall pay them on tima dircctly
<br /> to the person owed payment. Borrower shull promptly furnish to Lend�r all naticts of arnounts to be paid under this p�gr�h.
<br /> If Borrower makes thesc paymcnts directly,Borrower shal{promptly fumish to Lender receipSs evidencing th�payments.
<br /> 8ornower shall promptly disct;arge any lien which has priodty over this Security Insttx}ment unless Borrower: (a)agras in
<br /> writing to tha payment of the obligatinn secured by the lien in a manner acaptable to I.ender;(b)contests in good faith the lien
<br /> by, or defands against enforcement of the lien in. legal proccedings which in the I.ender's opinion operate to prevent the
<br /> rnforament of the lien;or(c)socurca from thc 4�older of the lien an agreement satisfactory to I.ender subordinating the lien to
<br /> this Security In�trument. If Lencfer detormines that any part of the Property is subject tu a lien which may attain priority over
<br /> this Security Instiument, Lender muy give Borrower a notice identifying the lien. Bormwer shall satisfy the lien or take one or
<br /> : more of the actions set forth above within 10 days of the giving of notice.
<br /> form 3028 9f90
<br /> � Py�]of8
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