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<br /> t 'I'OGli'fHt:R WIl'fl all ihc impravcmcnt�naw on c�rcuPtcr crcctcd on thc pruperty,un id caycnunfs. .ippurtcnunccs. und
<br />+� ' tixture.r nu��• ��r hrrcal'trr a p.�ri ol' ihc pr���xrry. All rcpliKCmm�ts unJ additiun+ +hnll uku hc ruvrrcd by thi► Sccurity
<br /> ,�, ;� In��rumcnt. All uf thc I'urc�„in�;i�rcl'crrr.l ta in thiti Sccurity In+trumcnt uy thr"Pro�xrty."
<br /> BnRR01YI:R C'OVENAN'('S that Hurnnvcr i, luwf�ully�cincd utdic c.rtmc hcrcby ranvcycd and h,i,thc riEht t�� grant nnd
<br /> �unvcy th� Pro�xrry �in�l Iha� the Pru�xrly i+ untucumb�r�d. cxrcpt fur cnrumhranre,uf mrnrd. Horr��wcr w;irr:inty and will
<br /> R,.;,.;,��' def'cixl gcncrally�hc tiUc tu ihc Prc�pcny iignintit idl rluinu und dcmands, subjcct ta uny cncumhrunccs u(rccurd.
<br /> THIS tiGCUkITY INSTRUMENT rombines uniform riwenunts fc�r nutinnal use und ni�n-unitixm ruvenum+�vith litnitcd
<br /> ' vuriutianx hy juri,dirtiun ti�constitutr u unili�rni sccurity instrumcnt cnvcring rc,il property.
<br /> "•" UNIFORM CUVENANTS.Burr��wer und IAndcr ruvcnunt und agrcc us fnl lows:
<br /> ��`' .�. l. Payment ut Princlpul und Interest; 1'repuyment and I,Wte Chut��. B��rrowc� �hall promptly pay whcn due the
<br /> ' principul i�f and in�crc.t un ihe Jcbt evidenccd by thc Notc and any prepuymem and It�te ch�irge�duc under thc Notc.
<br /> 2. Munds tor 'Puxes and Insurwnee.Subject to upplicublc luw or tn u written wuiver by Lender, Horrower shall pay to
<br />�� ~ Lender on[he day monthly payments ure due under the Note,until the Note is puid in full, u sum("Funds") for:(u)yeurty tuxes
<br /> 1� ' " � and aesessments�vhich may attuin priarity over this Securiry Instrument us u licn ��n the Propctty:(bl yearly Icasehold payments
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<br /> - . ' or ground rents an the Property,if any;(e)yeudy hazard or property insurance premiums:(d)yeurly flooci insurance premiums.
<br />�+' �". '". ` if any; (e) ye:►rly mortguge insuranee premiums, if uny: and (fl uny sums payable by Borrc�wer to l.ender, in uccordanee with
<br />--r�-��' ,� thc pravisions of puragraph B, in lieu of the payment of mortguge insurance prerniums.These items are culled "Hscrow Items."
<br /> • � L,endcr may,at any time, mllect and hald Funds in un amount not[o excecd thc maximum amuunt a lender for a fcdcrally -
<br />:'�'�: •. ��. relaied monguge loan may require for Borrower'S escrow account under the federtl Real Estate Se:ttlement Prcx:edures Act of
<br />- � � 1974;ss amended fr�m timc to timc. 12 U.S.C. Section 2G01 er sey.("RESPA"),unless another law that applics ro the Funds
<br /> -'>� - sets a lesser amount. If so,Lender may, at any time, collect and hc�ld Fwids in un amount not to excecci the lesscr amount.
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<br />- Lendcr may estimutc thc umount of Funds duc on thc basis of current duta and reasonuble estimates of expenditures of future
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<br /> r.„ �•; Escrow Items orotherwise in uccordance with upplicable law.
<br />�T:.f �• �" Thc Funds shall be held in an institutiun whose deposits are i�isured by a fedcrul a�eency, instrumentality, ar entiry
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<br />��;�� _ (including l.ender, if Lender is such an institution)or in any Federal Home Loan Bank.l,ender shall apply the Funds to pay t e
<br /> _,�;,-=,-:v'�+ Escrow Items. Lender may not charge Borrower for holding and npplying the Funds, annually analyzing the escrow account,or
<br />�•.'���.-��n.• verifying the Escrow Items,unless Lender pays Bormwer interest on the Funds and upplicable law permits Lender to make such
<br />��•`�:.:�.-.,.. a ch�rge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service
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<br /> used by l.e�xier in eonneclian with this ioan, uniess applicable iaw pruviJc� utt�aiwi:�. �����„ an agrr.:.rncat �s r:a � ¢r
<br /> - -•:}=„3�`"'.'� upplicable law requires interest to be p1ad,L.ender shull not be required to pay Barrower any interest or earnings on[he Funds.
<br /> �._v�°�r��Y:� Borrowcr and Lender m�y agrec in writing, howevc�,that intcrest shall be paid on the Funds. Lender shall give to Borrower,
<br />_�--���� without charge,an annuftl accaunting of the Funds, showing credits and debits to the Funds and the purpose f�r which each
<br />_�;,_�,�,�,� debit to the Funds was made. The Funds are pledged as additional security.for al l sums secured by this Security[nstrument.
<br /> - - --- If the Funds held by Lender exceed the amounts permitted to be held by applicable law.Lender shall account to Borrower
<br /> -- far the excess Funds in acmrdance with the requirements of npplicable law.If the amount of the Funds held by Lender at any
<br /> -� tin�e is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writin�.and, in such case Borrower
<br />��� shall pay to L.ender the amount necessary to muke up the deficiency. Borrower shall muke up the deficiency in no more thun
<br /> �k�<� twelve monthly payments,at Lender's sole discretion.
<br /> —�°�=;;�`� Upon puymcnt in full of oll sums secumd by this Security Instrumem. I.ender shall prompcly refund to Borrower any
<br /> _y� Funds held by Lcnder. If,under paragraph 21,Lender shall acquire or sell the Propeny,Lxnder,prior to the acquisition or sale
<br /> — of ihe Property,shull apply any Funds hcld by L.ender at the time of acquisiiion or salc as a credit against the sums secured by
<br /> this Security Inst►ument.
<br /> --- 3.Applicallon of Payments. Unless upplic:ible law provides otherwise,all payments recciveci by l.ender under paragraphs
<br /> ' l and 2 shall be applied: first, to any prepayment char�es due under the Note: second,to unounts payable under paragraph 2;
<br /> _ third, to interest due; fourth, to principal due;and last,to any late charges due under the Note.
<br /> -- 4.Charges; Lfens. Borrower shaU pay all taxcs, assessments,charges,fines and impositions attributable to the Property
<br /> whfch may attuin priority over this Security [nstrument, und leasehold payments or ground rents, if any. Bonower shall pay
<br /> thcsc obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shaU pay them on time dirextly
<br /> to the person owed paymcnt. Borrower shall promptly furnish to Lender all notices of amounts to be pnid under this paragraph.
<br /> �'ns� If Borrower makes these payments directly.Borrower shall promptly furnish to I.ender receipts evidencing the payments.
<br /> -- --� Borrowcr shall promptly discharge Any lien which has�riority over thisSecurity instroment unless Borrower:(a)agrees in
<br />�� writing to the payment of the oblisution secured by the lier. in a manner aceeptnble to Lender; (b)contests in good faith the lien
<br /> -,s;�� by.or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br /> -,`;�;� enforcement of the lien: or(c)secures from the holder of the lien an agreement satisfactory to Lender suboidinating[he lien to
<br /> -.'y��;�; this Securiry Instrumcnt. If Lender determines that any pan of the Property is subject to a lien which may attain prioriny over
<br /> -�;��1�, this Sccurity Instrument, Lende�may bivc Borrowcr a noticc identifying the lien. Borrower shall satisfy thc lien or take one or
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<br /> _-'=�-�kr. .. more of the actions set fotlh above �vithin 10 days of the giving of notice.
<br />--- ��`''�''}, Form 3028 9l90
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