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<br /> '-.:�:�',,. TOGETHER WiTH alt the imgruveamnts now or aereaft�ezected on the praperty. ` °
<br /> ;� 6�tues now or heieafter a part af the propertS►. Ali replaoements and additions shail aiso be oove�l by tlus 3eauiry � -
<br /> � �
<br /> � Instntment.All of tite faregoiag is teferred to in this Secuiity lnsttumeffi as the`P�'°F�Y•�
<br /> ecu i e ' �-
<br /> �� ` ' BORROWER COVENANfS that Borrower is lawfully setsed of the estate hereby oomeyer!�d has the right to grent end
<br /> � mnvcy tt�P�ertY and that the PcopeRY Is uaencum6ered.exoept for saa�mbraaoes of reoord. Bormwer warrants and w311 [ ' �
<br /> a all ctaims and dem�ds.subject m a��l+en�of s+ecord. �� '�`
<br /> � defeud geQer.ilIY the tWe w thc PropertY 8�'� �;; �
<br /> ,. 1'�IIS SECURITX INSTEti1R4ENT oomtiu�es unifostu•rnveaants for natianal use and aoa-unifarm caveaants with limited; !
<br /> ty; coverin real �tY• ! `°
<br /> .?.� � variations by jurisdi�ion w canstitate a uniform secuni tmguument g t� �:.;°-
<br /> �. ` UNffO1�M C�VENAI�1'S.8orrov�s and�nder wvcnant aad ag�e as follaws: �,:!. •
<br /> attd Lttte C�-�wer sit31!pmtuptIy pay when due dte �
<br /> . , � � 1. Paym�t ot Priudgal�a�H�iterest:Fe�pa�m�t a a n d l a t e c h a i g�d r�e under the Note. �.
<br /> ° . . prin�ipal o€aud interest an the debt evi d e n c e d�y t h c N a t e m i d a a Y•P�P Y� � '
<br /> • ' '� antl Insuraace.S u bj e c t t o gAp t i c a b l e I�w o r t o a w r i a e n waiver 6 y t�eader,Bo�wer s4�a11 pay to ;�:�;���`��.
<br /> � .`,�„ ;;:- � Z.Fimds for T� � • �;;:,.
<br /> ' l,e�er on the day�tontl8y paymenu are due undet i1�c Nate.until the Nute is paid in full.a smm t Fuads)fQr:(a�Year1l'ta�s �,i �°'",;�,::-
<br /> . . . amcl assessments wtuc6 may�tain Paority aver this Security insuaraent as a lien on the Fmperty;tb)Year1Y te�°Id P� �
<br /> . . . ar m.nts oa t6e PropertY-if eny:(c)Year1Y hn�or P�P�Y��Premiums:(d)YearlY IIaad insUraaoe pr�iamg. °� ���:'.T
<br /> .. . ' �f an�yt�Y�Y�rt��Premiums,if any;and t�an5+sums PaYabte by Soirower w IEnder.ia accos+dantie t �. -,;-
<br /> h 8,iu ii�of the payunem of m�rtga$e insnraric�prenniams.'t�ese items aze calted°Essrow Ite,ms.• ;:�.;;`-
<br /> the provisions of parag�ap �.
<br /> Leader may.at e�Y time.ooIIect and hoId Fuads in an ataouiu not w ex�ed the�aximum am�mu a lender for a federally .-
<br /> , for Borrower's essrow acoo�i qnder the fede�a!Real Estate Setttement Ftaoodtues.Act qf , _
<br /> , . � .` re2ated mottgage luan may require
<br /> ..'.,�:_:.-_�. : : .. -
<br /> 1974 as amended itoin time W titne. 12 U.S.C.Se�xion 2601 et seq. (°RESPA").unlets anathet!aw t6at spplies ta the Funds
<br /> . . . - s�ts a lesser amouat.If so.i.ender m�►y. at any time.coltect and hoid FuaGs in an amaunt not to exceed the Yesse�amouffi.
<br /> . . ..� Leader may e.sttmate the amauat of Fuads due on the basis of cument data and rwsonable estimates of exPead�tutes of f�tune .<,'::�' _
<br /> i s: ' ,
<br /> - '; Escrow Items or othemise ia aroordaace wiW applicable law. �tj,; or e�irity :�-' .li
<br /> ��� � ' 't�e Funds shaU be.hetd in at1 iastimtion whose deposits are ins�ed bY a federal agenc.y.
<br /> , i ! tae F�ds m pay the
<br /> ;�.•.•..._,
<br /> . , M. :; (imcluding leader.if Lender is sach an u�stitution)ar in any Federa!Home LoAn Bank.Lend�er sha11�PP t�he�nw aocarm¢,or � �� �
<br /> •E Bssmw xteais.lxader maY nat c1�8e Barcower for holding aud appiying the Funds.aanually aaalYang �_:`=
<br /> _ . � s the Fsc�ow items.aales4 L�der paJ►s Bomawer interest un the FuaQs and applicabie!aw petmits Iaa�er to mxke s� E
<br /> . ��n8 �,
<br /> :�� a charge.Hawever.t�nde�may�equire Bamawer to pay a one-time charge for an independent�es�te ta�c�porting s�rviee . :�-r
<br /> ''� ` '� �n oonneaifln with t6is loan. unless appltcable taw p�ovides otherwise. Unless aa a�c�ent is ara�e ar =
<br /> .�` ,.. >,,' .� t�d b3+ Lender to a Horrower any interest or eamiags on the Funds. _
<br /> ,� . applicabte!aw requires interest ta be paid.I.en�er s4�a11 not be required P Y
<br /> . . '`f Botmwer aad Ixnder may egree u►wfiting.ho�ever.that interest shali be paid on the Fuads.Leader s5a11 givE W B�rawer. ��_'_,,•___
<br /> ,�,.. ... . se for wl�ich�acb , ,-.•
<br /> -.�. ,"-- ,�,� � wittcout ct�aige,a�annual accounting of We Funds.showing c�edits aad debits to the Funds and the Puipo
<br /> L---.; debit w the Funds was tatade.'1lie Funds ftte ptedged as addidonal�itY for ali soms secar�by this Ssa�rity instrum�nt. �-- _
<br /> ._� If tke�unds beld by Len�er enoeEd the ainaums Permiued to bc t�ld hy appYisaBte law.Le�Wer st�aU aoeouut to Borrower �:.�
<br /> far the eaoess Funds in accordanee wlth the mcNjrements of applicable law.If the amount of the Funds held 6y Lender at aa3► �:,.
<br /> • . .,� �.
<br /> ' . `� 6me is not su�icient to pay the Fscrow Items wheu due.1 ender may so notify B�rmwer in writing,and.in sncb case Boaowez � ,,
<br /> � � .. slnill paX to Le�Wer the ammsm�oessary to make e�p the defeciency. Bormwer sfiall make up the deficiency ia no more than �..,_
<br /> , ' � �:� .: tcvelve maMhly PaYme�ts�at Lender's sflte discsetion. • ;=n
<br /> •�T�.payment in fiill of all sums secured by this SecurltS+Instrumen� l,ender shall pmmptly refund to Borrowea anY a..,-
<br /> . .��;'"::!-`..�"{"� urtder paragraph 21 l.ender shall acquire or s�il the Property.Lender.prior so the aoquisition or�te -
<br /> ,r l�itrn�ny�tl�l:by Lender.If. • �: --
<br /> � ,"•�� ��Nitc ttr�l�ts�c:�ty.sha11 aPP�Y�Y Funds held by LeIIde*at the time of acquisition or sale ag a credit ap,ainst the sums sacured b3► __
<br /> ,. , .���� '. t�ns Sx�nz9.ty tnstrumetR. _
<br /> .. ,�.4 �:,::,. � � cs received by tRnder under paragdaphs _ _
<br /> , ,.:� ,:':.;� 3.AppllmtWa o4 Pay�enta.Untess appiicabie l:�xv vides otherwise.all paymen h 2:
<br /> • • 1 a n d 2 shall be a p plied:fitst.to anY D�PaY�����.due under the Note;seoond.to amouats paya6le under paragc�p
<br /> �'`t �'� third,to interest dae:fourih.to principal due;and Taut,to any late charges due under the Note. ' a
<br /> �:,,
<br /> . �-4 . 4.Char�es;L{ehs.Borrawer shall pay all taxes.assessments.charges•fines and imposi6ons attributable w the ITca'3�Y �;-
<br /> � , . `- which a�ay attain priodty over this Secusity In�tnunent. and teasehoId payments or ground rems,if any. Barrowa�PaY �.~_
<br /> `.'� �.j these oblig,ations in the mflnner provided'u►paragraPh 2,or if not paid in that manner.Borrawer sha11 pay thean an time dirxctty .:r,.y--
<br /> , y to ths peison owed payment.Bolro�ver shall pmmptly furn�sh to L,ender sill notices of amounta to be paid under tlris parag�aph. � �
<br /> ' If Borro�ver makes these p�yments directly.Borrower shall pmmptty futnish to l.cndet receipts evidencing the payme�s. _ , � _
<br /> ' '' ,�� �• �.�. • � � Burrower shall pmmptly discharge any lien whicb has prioriry over this�ecvrity`instrumer►t untess Barrower:(a)aP,�es in ���_..
<br /> (b)contests fa good faith ttte lien �-;
<br /> . wrldng to the payment'of the obligaSon secure0 by the lien in a manner sooeptable to Leader; � �_.
<br /> � . ' '� � by. or defends against enforcement of the{ien in. te.ga! proca�edipgs which in tke Lersder's opinton o�erate to prevent the
<br /> � enforrement of�the li�oz(c)secunes icom the hotder oY the lien an agreeme n t s a t i s f a c t ory t o L e n d e r s u b o r d i n a t in g tAe lien to �;�__
<br /> � ' . � this Serurity Insuuu���lf lcnder detem�ines th3t any part of the�mpeity�is sUDject to a lien wtucb r,a�+uttuio priority over . . �_;
<br /> , •, ;.� ��
<br /> thiy gecurity Instnus�tt�Lender may give Borrower a not�ce identifying the liea.Borrower shal!satisty u�`��Eien or take one ar
<br /> . , � . .�: -� more nf the activns sPd fortD above.wlthin 10 days of the giving of notice.
<br /> Fuor�3�?x3 9/90
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