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<br /> '� .. 'fOGE7'HER WTI'H all the impmvements now or hereafcer erected on the:ptapercy.and all easements�purte��n�and ,� .r�.
<br /> futures ao�v or hereafter a part of the property. All replacements and addidons shall also be covered by this Security -
<br /> ' � . .� �` Iasaomest:All of the f�regoing is referr�d to ia this Secusiry Inscnunent as the"Property.' . ..
<br /> � � � BORROWER COVENAt�ITS that Bnnower is lawfully seised of the�ace hereby conveyed and has the rig6t co granc and
<br /> � ' • convey the Yropetty and that the Property is onencumbered. except for encumbrances nf record.Borrower warranu and wiIl
<br /> � • � defend geaerally ihe dde co rhe Property agaiast aU cla�ms and demaads.subjecc m ang encumbrances of ncord. - ' y
<br /> - , . .. �°� •� 7'HIS SECURITY INSTRUMENT wmbines umifom►c+ovenanu for national use and non-uaiforra covenants with limited
<br /> < i :,,; i variaaons 6y jwisdiction to constitute a uniform security insuvment covering real properry.
<br /> , � . i UNIFORM COYENAI3TS.Bonower and Lender covenant and agree aa foUows: _
<br /> !. Peyment of Prindpal aad Iaterest; Prepay�ment and Late C6arges. Borrower shall prompdy pay when due ttte
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<br /> '_ • .�"�t��# principal of aad inteiest on the debt ev'tdencea by tLe Note and any pmpayment and lue r.harges due under the Ivote. == �
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<br /> ' 2. Funds for Taxes and Insarance.Ss�bject to applicable]aw os to a written waiver by Lender.Hormwer shall pay ta '
<br /> �, ?°_::`.' l.ender on the day monthl enu are due nnder the Note.unrit the Note is aid in full,a sum('Funds')for:(a)YearJy taxes � -`�'�t�c=:
<br /> __c� YP� P r,.:�:.:.:.;.
<br /> �".'`r: aad as�essments which ma attain riori over this Securi Instrument as a lien on the Pro erty:(6�Year1Y leasehold meats •:..- �:.
<br /> :._..,".;_ �-;., Y P tY �Y P PaY
<br /> - ; � ; �. or gmwad rents on the Progeny.if any:(C)yeatly haz8id o}prppertyr inv�ran�p��pjg�5:(d)YeartY tluad instuaace gremiums. -
<br /> — --;,,� . .�`.� if any. (e).yearly mortgage insuraace premiams.if any:and{t�anY�PaY Y "
<br /> �y.;•..,,.., abte b Bonower to 1_ender. in accordance 1vitR �
<br /> � the prnvisions of garagraph S,in lieu of the payment of Fnongage insurance premiums.These items are called'Fsccaw Ite�ms.° -.
<br /> �. , `• �� _ L.ender may. at anY dme. coll�ct anQ hnld Funds ia an amount not to eaceed ehe maximum amount��der for a federaily• `>,�;-.:�-
<br /> :: ,`' rejated mottgage toan may require fo;Borrower's escrow account under the federal Rea1 Esrate Sectle�.Pmcedu�es Act of . ..
<br />.. .,;. ._:f��,�;..�_. 1974 as amended from dme to�,`�i2 U.S.C.Se�tion 260i er sey.('RESPA'),wless aa.uth,er lapw t�t'applies to thg.Fnnds `--:�•_
<br /> --- t"` � sets a Iesser amount. If so.1 end�r may. a[aay date, coltect aad 6oid Funds in an am�uc:;ma;to'��ed the tesser�ount.
<br /> � � Ixader may estimate tfle amomu of Fun�s due on the basis of cucrent datx snql re�onab;a:e�^,.:aate5.c�.�of futuie '
<br /> ' Fscmw Items or ather�ve in accordance with applirable law. • ' � ' � �'<<�.'
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<br /> T6,g Funds shatl be held in aa iastitutioa whose depu��.�a�.�� a federal agenty. i�n�entatity. or entiiy► � ,.
<br /> � (iaclu�nti�°�euder.af Len�er is such an insatution)or in aay Fa�7��fp��an Sank.Leader sball apply the Funds to pay the �ti, �
<br /> . . . Essmt�'.I't�ts.Leudes;may not chatge Borrowet for hotding a���ying she Fmidt>aanu�atiy analyzing the escmw acaount,os
<br /> � .- veriij+ing the Escto�i:�'i�ms.unless Lender pays Bomower interest on the Funds and apglipble law psrmits�t.ender to make sucb .,.
<br /> ' '��``�s a charge.However,Du�der may requirc Borroner to pay a one-time c�arge for an ind�endent rea�est�%��x reportiag service
<br /> • '``.,`, . 'used lry Ixader in conn�tibn with this loan, unle�s applisable law pmvides otherarise. Unless a:��eement is made or •
<br /> T ... ' ': applicable law requires iaterest to be paid,Lender shall not be required to pay Boauwer a��9nteresc or eamiags aa the Funds. 7 '�;;
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<br /> Bomower aad Lsnder may agr�e iri writing,however,thac in:enst sha11 be paid an the Fuads. Lender shall give co Sonower, y.:
<br /> . .:.`•;,;:: without charge,an a�vsa3 acrounting of the FuA3a. showiag�dits and drhits to the Fuads aad the ,�ose for which each .. .;.. :
<br /> '�'' , debit to the Fnnds.���atde.The�mds a:e p'.c�tg�c as'addiuc�al seauiry for all su�s secured by this��r tnstniment. �-�
<br /> .�. Y � , `;. If thr F�da�t���:+;;Leader eacqeed the ama�ti��:�:��1':ta�be hetd by,applicable law.Lender sh�i;�imt.to�orrower �,;
<br /> i,,��j ;�` foz t�rt r.�tt�:�'ci�r�m.�ccordance�witb tbe reqnirenpenu au�le law:�if'tLs amount of the Funds 3ielii by�.��}any ' � ,
<br /> �����,� �, � tima i�x�.suP'�LL���t the Fsc��Icems when due.I.ecs�r ai�}'so aotify:Bormwer ia w�riting.aed;.�:sud�ca�;Ha�r4wer s,'
<br /> sLall pay to L:ende's ti���ount r�.Ty�ro make up the de&cai�ey. Bbue�^�shal}make up the de�.�y,in no�cnaie than � •-
<br /> •.:"3' :' tarelve monthly pay�,at Lender's so2e discretia�. ' " �"� t ,1, 4 , 'r
<br /> ;�-� L)pop PaYmen�ia fuU of aA sams seaured by this Se�auity Inscrument, I.ender shall p:omp:Iy refund co Borrower any � r:
<br /> '`.r :. ..,.' Funds held by Lender.lf,imder paragzaph 21,Lender shall acquue or sell the Property. Lettdar+Prior[o the acquisition or sate =`J
<br /> ., � �-'',4 �;, � of she pmperry.si�ali apply any F�mdg hetd by Lender at the rime of acquisition or sale as a credit�against the swi�s secured by �
<br /> ,� .f`.. •: t�is Se�aui taswmeut. ,
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<br /> ,,;. ,Y : ' 3.AQ]Esatioa of Paymeats.Unless appti�'b:4a�aw provides otherwise,all payments�eceived�by�der under paragraphs
<br /> . :`;;;,'�� 1 and 2 sbaU be applird:fizst.co anY P�S��i.�8es due under the Nurc.seeond.to amouats pa�a�t+Yr under parag�raph 2;
<br /> � , " thud,t�s�::seat due:foust8.so priacipat due;aab last,ta aav 1t�.*.a charges due uader the Note. : } �.�. . . , �:'
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<br /> .:;�n�,,.. ' �;Q��as�gcs;Lieas. Boirower s� PaY.all taxes.`ass��rs'.chazges.fines aad'��a�s at�n'bu�able 3B ti�. ,�opertY .
<br /> �'`'' ' � .'. � � �whidi attalu nori over this Seeari Insmiment.�d" ot8 a n[s or � .
<br /> , ��,��,�, , , , �Y P� tY �Y � P Y� g��r'.t'e�;t'.�.if z�p. Borrowei��ila.�l PaY .;.,�. "
<br /> . � ';� tbese obligatioas in tt�E maaner pmvided in paragrayb 2,or if nat paid in tAat manaer,Burt�is�rtet's�a�'�p�uy•�t�.-m on time disectly .�::,:`� :�
<br /> • . ' to tLe gerson owed payment.Borrower shall pmmptly furais6 to Lender a11 ao'tices of amo�ults to b�;�iu!ii•under this paragaph. ; •,,-.
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<br /> -:�`•,�:; � �' �� If Borrower makes these paymenu directly.Borrower shall promptly futnish to Lender r�evide�c�tig the paymenu. .;•�_;
<br /> � � . :,��'t;� � ���' � � Bomuwer shall pmmptty dischatge any lien wluct�has prioriry over this Securiry la.���:unless Borrower: (a)agrees fn � ,
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<br /> ,:: ,��;�`'�,}��:. � writing to the payment of the obl3gation secured by the lien in a manner acceptable to Ler.d�;';'b)cencests in good faitb etce lien ��"��..�
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<br /> . ,�.��..,� ::..�:�.�':':�,."`;:•,by, or defeads agaiasc�enforcement of the liea::a�.-.Legai Prooeedings w���::z� the Lender's apinior�.pperate to preveni the
<br /> ;' 'y�,f��' �: • , ` eAforcement of the t�or(c)secures from thel�n�a�of tUe tien an age�satisfaaory ta Len��ailaa:dinating the lien to
<br /> ;f��t���, "'� ��'' .�th:�Se.�u,-i,ry Instrumeu:. If l.endes determines�'�3:����?:�i3at Propetty is subjea to x,,ks�a wki�.�caay anain priority over
<br /> :,�'t�x�����r °'?!.. ' �fs�Sia��h"r.y.Instn�ment. Lender may give Borro�����iar.i�ieuifYing the lien.Borr��+�ar�t,.�l satisPy the Iiea or take one or
<br /> �; '�� ,� � � � mG:i�,��¢r aceions set fortb above within 10 dap�rs�'Y7's.°.gi'v`r'r�;,r�f�notice. ,,,,:. � . �,,,
<br /> .. , . �:?`1� . � . . . ��.�: fotm 3028 9/90 �.
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