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<br /> TOG�,'fHER W1TH all the improvenxnts now ar hGtestfter erected pn theproperty, u i►11 cmicmenth,u �1 �
<br /> `{ ►,,..,,.,,c. . r�� ..f �hp �+rol,rny_ nll rentucemencs and uddition5 sh��ll also be covered by thiF Seeurity �
<br /> I/�tt1�V� �Nn �ii •��.�vr�.�� � �.
<br /> lnstrumcnt.All of thc faregainp is rcfcncd to in this Securlty Instrumcm as the'Propc�y." i
<br /> BORROWRR C�VIINANTS that Rormwer ir: lawfully seised af thc estatc hcreby cnnveyed und ha.s the right tci grant and
<br /> canvey the Prc,pert-y nml thut the Praperty is unencumtx�red, except far encwnbrancCS of recard. 8arrower wnRnntr:nnd will
<br /> defend genorally the�itle ta the Prap�rty aguinst all elaims and demaixts, subject to any encumbrtutces af recard.
<br /> THIS SECURiTY TNS7'RUM�NT combines uniform covenants for nutional use nnd n�n-uniform caveaunte with limited
<br /> varietions by jurlsdictian to con�titutc a uniform�ccudcy instrument covcriing rcal pmperly. —
<br /> UNIFORM COVENAN'f5. 8orrower and Lender cavenunt and ugrec as fo!laws:
<br /> 1. Paymrnt of Princlpal �nd Intcr�st; Prep�yment and i.ate Charges. Bottowcr �;h�ll pr�m�tly pay when due the
<br /> principal of end intercs�on the debt evidenccd by thc Noto nnd nny prcpayment and late chargcs duc undcr the Noto.
<br /> $, �nds for Tauces and Insurance.Subject to appticable law or to a written waiver by I.cnder. Banower shnll pay to
<br /> i.cnder on the day ti�wnthly payments are due veder. the Nate,until the Nate is paid in full.a sum("Funds")for:(A)ycarly taxes
<br /> and nssessmcnts which mey uttaiii priorit�r over;¢his Sc�nr,ity[nstcument as u Uen on the Property; (b)yearly Irasehald puyments
<br /> or grannd nnt�on the Prop�rty. if ac�y;(e)yr�rly!ea•r.ax�or property ineurnncc praniums:(d)ycnrly flood in�urnncc prcmiums.
<br /> if any;(e)yearly mortgage �nsler�nce Prer�►a�xrs•ifc a�Y^ ��1(�any sums puyable by Borrower to d.Endcr, in accordunce with
<br /> the provisions of paragraptti 8.irtn lieu of the payment of mc��tsnge insurance prerniupns.'A'hese iterrts are caEleJ�"By:,raw Items."
<br /> [.ender may, at any dme,��Olec+r.and hald Funds ia an arx►ount not ro excced the maximum a�tieuunt a lencler f,or a fcderaUy
<br /> relatod moetga8e lc�an maY reclue�x far Bonawer's escraw account under the federal Real Estate Settlemene Fuc�i�:��!urex Acl of
<br /> 19')'4 us amended from time to time, !2 GT.S.C.Section ?601 et seq.("RESPA"),unless anothez R��r..•ut���.n?�p�l°��s to the Funds
<br /> seti� a lesser amount.If so. Lender may, a��v[►Y time, cql�lect anci iwld ru�� in en a��cuni n�i�Y��, e:�vt�sE�c i2sser amount.
<br /> R�riider may astimate the�mount of Funds dua otl ;he!��sis of curnnt data and reasonable esti�'tya¢+�'ex�x.�ncYiiures of fumre
<br /> �Escrow Items or othenvise in accvrdance w;tti�p�flfcii7���e�lnw.
<br /> 'Che Funds stwll be held in an institu;fa��;�u�,ns�t :��pos�� � insured by a faieral ugency. jnstrumentality. or entity
<br /> (includtng Lender. if Ixnder is such an insdt�nR:i�on9 or in any Federal Home�.oan Bank, i.endcr sinali+ppiy tLc Fu�xls to r,ay thc
<br /> Escrow Items. Lender may noc charga BQnn�a�er for holding and applying the Funds,anpually anaByaSn$the escrow accaunt,or
<br /> verifying the Escrow Items. unless I.cnder pays Borrower interest on the Funds and upp�ieable Isw permits Lender to make such
<br /> a charge. However,I.onder may require Borrower to pay a one-time chazge for an indrpendent rcal estate tnx nporting service
<br /> usod by Lender in connection with this loan, unless appllcable Iaw provides otherwise. Untess an agreement is made or
<br /> applicable law requires interest to be pai�l,Lp�ler shalf not be required to pay Bnrrower any intcr�st or earnings un the Funds.
<br /> Borrower a�xl Lender rn�Y a8rcc in writ����.n�waver. thut interest shall be p�id on the �utEds. Lender shall give to Borrower,
<br /> without chuge,am m�uu aocounang oi t��»,unw,Yi�iawii�g crediis and�tbits ta slse Ft�s an! thp g���+.�for which cach
<br /> debit to the Funds w�s made.l7�e Funds are�+!ledgod es:r.�+iitlonal security for all sums secured by this Sec�erity Aaa:��rument.
<br /> If the Funds held by Lender excced the arr+u�nts ixrmittod to be held by apQlicnble law.L.ender shall ac�:+�7int tQ Bortnwer
<br /> ' for the excess Funds in xcardana with ah�zreqvircnxnts of appltcable law.If the amount of the Fpnds heli�'.�i} '1.�nder at any
<br /> time is not suffieient to pay tha Escrow Trce:ns•wt��n due.L.ender may so notify fiorcower in w►itix��;,'��,in sstc�a c�sc Borroute�.�
<br /> shall pay to Lender ehe amount neces,sak'��t� mtke up the deficiency. Borrower 6ha11 make up ql�c y��e��`rry�rGc9i��ns:r.o more t�a:+ ,
<br /> twelve monthlY paYments.at Lcnder's w�7c.di�rretion. , ' .
<br /> Upon paymax in full of ull su�s secured by this Security Instrument, Lender shall promptSy:se3undl.¢�a�3�rrower any
<br /> � Funda held by Leader. If.under paragrar�2],Lender shall ucquire or sell the Property,Lender,p.4i�t to tholt�:qui�ftion or sale
<br /> of the Property,slWl aPPlY�Y��s he1;��t�y Lender at the time of acquisition or sale as a cred�q:�ajnst the sums secured by
<br /> this Sacurity Instrumeat. �.
<br /> 3.AppBptto�otPaymants.Untess eppliablc la��;provides al�erwise,ufl payments roaived by Lender.ppder pua8nphs
<br /> 1�nd 2 s}nll be applied:firat, to eny pz+epnYtnent char�rs due under the Note: second. to amounts payable under paragriph 2;
<br /> third,to intercst due;fwtth.to princlpal due:and lut.to any late charges due under the Note.
<br /> 4.�;6�t�s; Lk�r.Botrower shall pay all taxes.assessments.char8es,f�nes and impositio,ns•amibuta�le to the Propercy
<br /> which may 4ttdn prioriry over th[s Soc:�ir.'�zy Instrumnu, and leasehold pAymenta or ground re�ns.+:.t any. Borrowcr shall;�::�y
<br /> t}�ese oblig�tions in the man.�Q.provided:.in pangeaph 2.or if not paid in th�t mann�r,Borrower �s9e�iF paY th�on time direcYly
<br /> to the person owed paymedr��or�ower shdt prompdy fumish to Lender all noticas�oF.fir�oun�c to be paid uc�thss perag�aph.
<br /> Lf Bomower m�k�these payments direcdy,Borrower shall promptly furnish to Lencler r,cceipts evidencing the payments•
<br /> Eorrower shall promptly discharge,�ny licn which has prioriry over this Seruriry�nstrumemt utiless Borrovver.(a)agrees in
<br /> � writing to the payment of the obligation s�cured by the lien in a manner�cctptable to Lender;(�➢zantests in gaxl faith the liai
<br /> r by, a d�fends ag�inst enforcement of the lien in, legal Qnxeedings which in tt�e Lender's apinion opartte tu prewent tt►s
<br /> � �rQ'oe�cema►t of the lien;or(c) secures fmm the holder of the lien an ugroement sadsfactory to Lender subordinating the lien to
<br /> 'tDSs Sa:urity Instrument. If Lender det��nnines that any part of the Praperty is wbjcct to a lien which may atcain priority ova
<br /> • this Security Instrument,I.ender may g;fice�orrov�'er a notice identifying the lien. Borrower shall saNsfy the lien or take one or
<br /> ' mon of the actions set for�ii ab4ve did�t;au•f�'��J�days uf the giving of notice.
<br /> ' ' Fam 302� �/90
<br /> ' vq.soee ,
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