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<br /> , ,;�;. ,... TOGETHEIt WiTH a11 the improvements rtotiv or hereafter erected on the property,aad�1 easements.app �nsni�es.an3 . , ,
<br /> � ' ° fixturzs naw or hereufter a part of the propert}. A1� *ep�acemenu and additions shall alsa be cotered by this Sc�,-urity `�"� ��•
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<br /> '��` Insnument_All of[be faregoing is nferred to in this Secnrity lnstiument�the"Propeny.' , .;:• �:,.�
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<br /> �- BORROWFR CO�'ENANTS thut Botra�cer is tawfulty seised af the cstute hereby mme�ed and lu��the right tn grnnt and �:; £r;;�=,:
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<br /> �r .�� rnm�ey the P�upeny snd that the Pruperty is uneacumbered.ekcept far er�cambranc�es of rcn�rd. &►mr��•er�varrm�t�and will ' ,�.,..�.. .
<br /> � defend �eaeralt [he atte ta the Pr�o rty againrt aU claims and demaEal�.sub'c+ct ta an•enrumt+ran��e.ti of ruoonl. '�- � �` ��
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<br /> 'fH1S SECtIRiTY[NSTRUbfENT a►mbines uniPorm covenanu�Far natioral use an�Ron-uaifarm oa�rmnt.uith iimittd
<br /> � ,�•�, variaiionti tsS jurisdiction to�bnstituce a unifotm secutity instroment co�ering rea!property. � ` -
<br /> , '',,���� .'� UNi�ORM CUYENAN'i'S. Borcou•er aizd Lendercavenam and agrce as fulluw�s: . , ,.
<br /> - � � l. Payment ot Pirittrlpul and Interest; Pr�pu�ment ana�Lute C6arges. B�►rrou•cr shall pmmpU� pay ��i�cn due thc � ' "
<br /> principal e�f anQ intcreyt on the dc[�t cvidcncPd 6y the Note and aay prepayment and latc chargca due under�(�c hiate. '
<br /> -:� 2.iiund�Cos'f'aac�s and Insurugcc.StiI1JCC[i0 3pj1jtC3�f�C I�1V OT l0 d K'�UCt1 KJlYt'f D} I.CYtdZi. Barrimcr�hal! pay tr� �`�
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<br /> \`" }� ' ' ' . �, L.cndcr an th�day monthly paymcnts are due under tite Note,until the Note'ss paid in fir{i.a�um i'�unds"1 for.faf?c'asly�axes rf,,":tN`�
<br /> ' •� ' � and a�+e��ments wt�ich ma�attain riorit over this Securit Instrumrr►t as a lien on the � (b)yrariy I�old yments j.�{^'�.:�;��.
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<br /> ,' . or graund rents on the Proprrty.if any:(c)yearly hazard or ra msurance mmiums:tdl}rarty.fload insnranoe premiums. :.,�L�i;_: _
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<br />'- -�,;.<. `. '-.�t-. � if any:te►yearly mottgagc insarance premiums.if any;nnd(�any sums payablc by Borrower to l.cnder.in umordance wiih ' ���•. l_
<br /> � r`� tf�e pmvisions of paragapb 8.in Ileu of the payment of mortgage ic�surance premiums.Tbese items art.calted"Essrow[te�as." h``'`` ;
<br /> . „ Lendhr may, at any time.oolled and hald Funds in aa amount not to exceed the maximum amount.a lender for a federalty !" ��v..Y-
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<br /> ' ' aelated mortgage foan may mgui�for Bomawer's�ow account under the federal Real Estate Seitlement Pc�c►redures Aa of
<br /> '� � - '� �� " 1974 as amended from time to time.12 U_�.C.5ection ZUOI et seq. f'RESPA'),untecs anothcc taw that appiies to the Fun�s ^'� '
<br /> t , , ;; � %,� sets a lesser amount. If so. I.ender may.ae any ef�colla�t and hotd Funds in an amount not to exceed the lesser amount. . _
<br /> , f� �'� Lender may estimate the amount of Funds dae o�size 6asik of current data ami►�asonable estimates of expenditu�s of future ��: �
<br /> ' ?s ' fiscrow Items ot othemise in�ocandance witit apEtFi�tEe�w. . �T���:�r
<br /> �� , �t�(N :�t 1i�e �unds sUall 6e�eW nte an iivstiauio¢cYtiose�sits are in.sured by a fe.deral ageasy, in. • hty� or entity �r��y'f}'�
<br /> ;'%t,l�zz` , _ (including Lender.if L.endee i�s¢cfe�i�eitvscon3�r in Federaf�ame Loan Bank.Letrder shalJ I die Funds w the . , ' •`:,.
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<br /> . ' �r ` Esrrow�tems.l.ender may erot c�tge��c+w�ec for hotd�g�d.appigring the Fuads.annua{ty analyzia�Ehe escrm�a�c�iant„or . _.
<br /> -- .._. ;;?'11 verifying the Ese�+o.v Items,�unI�s i:eadec�ys Bcrrou�er�t�esx em r�h��?tnds and applicable[aw Fecmics F�e►�rs ta�alze such '
<br /> • '-'< a charge.However.L.enderiy� tequire 6orcv�er to gay�vue�time c��ge far an independent reat•estate t�xe�r�a�seevice '
<br /> : ' �'�•`•� ' . used by Lender in connectivu with ttus loan, unless a�Tcable law provides otherwise. Unless aa agteer��ne is made or -
<br /> • appti�abte law requires intecpst to be paid.6�eadec shalt�at�e required to pay Borrower any interest ar eanaiag�an.the Funds. `
<br /> . .. - 1 ':- Borrower and l.ender ma agne in wri h -��
<br /> ,� y ting;:}ii�?�ever.�,•'uuerest shaJi be paid an the Funds. Lem3�;st?�:t'g�e to Borrower. .
<br /> , ' �•� without charge,an as�nual accauzmng o��ds'r�.�s.shoi�iu� credits and debits to the Funds an�.�u��sr�gose for whicf�each , ' -
<br /> - •''�� debit to the Funds was made.'dhn�+�s.5�+ �3�ed a.���'rd��na!security for al!su�s s�caaed bY�'��tY;��.�vment.
<br /> � '.; � if tf►e�nnds 6eld 6y Len.�+»na���a�SY'.�tuut�ts pt�i?�to be heid by applicabBe Gaw.Le.�ider s�{a11 ace�+irf�3a Borrower " • --
<br /> - �;1, for the excess Funds.in accac�3ir� ,y A.'�����tuire�ents bf applicable�,�: If fhe a.u.*-Y.s�nt of tiie F:ands held b��der at any ��,�,� =
<br /> .. '-�°, ame is not suffiaeflt to pay ttie'�cfon"�r,�a��m'�en due.LeMer may.ca���ty$onower in writing,,�6.in suc3i c�8mrrower;�, ,:•",�.
<br /> _ • . ' �`:�;, shall pay to T��r."3he amount necessa�,a�i�r�iss up the de�icien��,'�391�a�wer shall make up ta��c�ency in c�o more tG,zm�:�: �. :
<br />::v , •, .� t5uelve monthly�;�ments.at Lendet's sole�i(�ti4n. _;�::. '� '``` '4.'.;:?' '�: �';�:;`<;:� .,•,
<br /> �;:- . + ;} :^Upon payment in full of all�sums s�6y ihy��;�'e�.ta�ra.rnent. Lender shall pr�m�;p i�fitpd�r iT+nt�ower any
<br /> - -. ,s�:; ' i�tmds hetd 6y Lender.If.under Para&*aPh 2�,Cel�r;�rnJ3�au�s�e a�'seil the Property,I.ender,g+r�3U i�s'ti�e,zl��~t�or►or sate . `
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<br /> .:r of the Property.shall apply any Funds hcd,i6�.-€.;e�der�r;'r��r�.�e at:�oguisition or sale as a cre�fi�;��`irt the 3�secured by •?�. .
<br /> • '�r �` this Security Instrument. � . ` � " �1 �`� - .-
<br /> ' i �'��� '� ' .3.Appfication of Fay�uts.•Ui�ty�,�,,�fi�cz�le.law provides other�uise.all payments rece�v�,��+r�isnder urtder paragraphs �� .
<br /> �t'��';��� ,:;?>,. 1 and 2 sha11 be applied:fi�;t�,i..ox� .�zabnt chan,�w��!ve under the Note:second.to amaunt� � paragraP 2: Jt ;'Y�
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<br /> r����3f �;�r'•" third,to i�lterest dne:fourttr:����c��:�ind iast:t�an;�o�;?Jate charges due under the Note. � � r„ ;
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<br /> ' �:�. t , 4.Chaa�;;l.ien5.Horrovvet shall:,'{�;3�3:axes:a;,.�:nents,,-c4�.�es.fines and impositiort..5.?,.�ributable to the Pro�r..•.; '. F�,„?.7•:,
<br /> 'p which may aaa€��aciority over this Sec�f�"�r?,�axtesca�;����t��rcv�.jpraYmenis or ground rznt�:,i�;t�y. Borrower shaU� ?� ,:,�.}:
<br /> ` . �.,.s� �� g3ese obligateorfs';�i the manner provided ut•i�r�...gti 2.,+ar iE t�oz jra�c�nr"r;�ti�at manner,�orro}ver sl'sallt j�ay Wem on time direrrl�?' t � ., .-
<br /> ;¢a��e person owe�payment.Borrower shalt�rurti�stly�mmn�iz to�r all notices of amnunts to Uer�sa:d urtder this paragrapfi, _��.
<br /> , . ,''�` if�oaawer makes these payments directly.�orn7��ec�jg�?t�lptiy fumish to Lender receipu evid�cing the payments. ���l
<br /> ;` ' ';;�s � Borrower shall promptly discharge an�c•t��ayi�i(r,�s priority.o�.i�this Security Instrumecit�bas Borrower:{aT agrees in � °
<br /> _.�;,��« � writing tn the payment of the obligatian��5v'.he lien in a maa��-a,xeptable to Lender:Q6}!�at�i�sts in good faith the W�o, • �' "`'
<br /> s � by. or defends against enforcement of t��¢•� i�l,proccedin�which in the Lender'� opi�yiiau uperare,to prevent,li{� ��� 4•`t;
<br /> f�r�{;, � �� eaforcement of the Lien:or(c)secures fcrn�z td.`�3cDder uli.t��e fien an agreement satisfaetory to L.e�tci��subot�iinat�ai�the lien to '�sr '''
<br /> l.t�'f f,�'� this Securi Instrument. if Lender determi t�;.zhat ait of the� ert �s sub'ect to a tien wttith may attain riotit over �sJ'$:�� '
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<br /> ; r,!�.f .�:, .�,�•,-.;, � � this Securit}Iasttument, i.ender may g►ve I�r,'r�wer�notice.identifying the Iten.Borrowcr sh�ill satisfy the lien or take one or
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<br /> ,1f�%`� ; ,�{�y more of the actirrns set forth above wit6in 1!Q�d,iys of the giving of noti�.
<br /> ,t 4•�Y�' t�1�;��} ' , . . .' ' • Form 8028 fl/90 .
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