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<br /> , � 11�J5 LOAN N0. 1 5 3 9 2 1 19 1 9
<br /> 7h11S SECURITY INSTRUMENT combinea unHoim coave�anta for natbnal uae and non•unHorm covenam�wlth
<br /> Ilml�ed va►Istlona by Jurl�diction toconstkuto a unHorm eecurity Instrument cavedny real property.
<br /> UNIFORM COVENAM'S.B�rrower and Lender covenar�end aqree ee fdlows:
<br /> i.P�ym�nt o1 P�lotcip�l�nd IM�nst;Pnp�ym�M�nd 4t�Ch�rq�s. Barower uhaN prornpdy pey when due
<br /> the principal of and intereat on the debt evidenced by the Note and eny prepeyment and late charqea due under the
<br /> Note.
<br /> 2.Funds tor T�x�s�nd Insunnc�. SubJect to applicabie law cx to a written welver by Lerxier,aorrower shail y
<br /> to Lender on the day monthly paymenta ere due under the Note,urnn tt�e�ae�pe�d in fuH,s aum("Funde')fcx:(a�
<br /> yearly taxes and assessmenta whlch may attaln p�tority over this Securtty Instrume�t as a Ilen on the Property;(bl yea�iy
<br /> leasehold payments or flround rents on the Property,if any;(c)yeady hatarci or property insurance premluma;(d) -
<br /> yea�ly flood inauranc�premlums,ff any;(e)yearly mortgege Inaurance premlums, H any;and(fl eny euma pt�yable by
<br /> Borrower to Lender,in accordsnce with the provislons uf pAragraph 8, in Ileu of the paym ent of mortgage Insu�ance
<br /> premiums.These Rems are c,allad'Escrow Itoms."Lender may,at any time,cdlect and hold Funds In an amouM not to
<br /> exceed the maximum amouM a lender for e federally related mortyage loen may require for Borrower's escrow accouM
<br /> under the foderal Real Estate Settlement Procedures Act of 1�74 ea amended from time to time,l?U.S.C. �2601 et
<br /> seq.("RESPA"),unless snother law that applles to the Funda sets a leaser emount. If ao,Lender may,et any time,collect
<br /> and hold Funds In an amount not to exceed the lesaer amount.Lender rnay estimate the amouM of Funds due on the
<br /> basls of current data and roasonable estimetea of expendftures of future Escrow Itema ar otherwiae In accordance wlth
<br /> applicable law.
<br /> The Funds shall be held In an instrutlon whose cieposfta ere Insured by a feder�l apency,instrumentaltty,or entky
<br /> (includln�L.ender,If Lender la such an InatRution) or U eny Federal Home Loan Bank.Lender shall apply the Funda to
<br /> pay the Escrow Itema.Lender may not charge BoROwer for holdiny end epplytnp the Funds,anr�ually analyzlnq the
<br /> escrow eccouni,or verifying the Escrow Items,unlaas Lender psys Borrower fntereat on the Funds and appllcable law
<br /> permtts Lenderto make such a charfle.Howevar,Lender may require Barowerto pay s one-time charpe tor an
<br /> Independerrt real estate tax reportfng service uaed by Lender In connectlon with this loan.unless applicable law
<br /> provldee othervvise.Unlese en agreement la made or appllcahle law requlrea interest to be pakl,Lender aheA not be
<br /> requlred to pay Borrower any fnterest or eamings on the Funds.BArrower and Lender may aflree In wrkln�,hawever,
<br /> that IMereat shall bepaId on the Funda.Lender shall qive to Borrower,wkhout d�eirqe,an ennuN acxouMinp of the
<br /> Funda,ahowing credka and debita to the Funds and the purpose for whlch each deblt to the Funda was mede.The
<br /> Funds nre pledqed aa addRlonetl security fa all sums secured by thls S+ecurity IrairumeM.
<br /> If the Funda held by Lender exceed the emour�a permltted to be held by appIiaable law,Lander ahall account to
<br /> 9orrower for tha eoccess Funds in eccordance with the requfremente of applkxiide I�w.If the amoix�t of the Funds hald
<br /> by Ler�dsr et any time Is not aulflclent tA pey the Escrow Items when due,Lender mey so notNy Borrower in wrkkq,
<br /> and,In such case Bortower ahall pay to L.ender the amount necessary to make up the de�ticle�x:y.Borrower aFbN meke
<br /> up the deHclency!n no more than twelve montNY P�Y�ts,et Lend�'s wle�lbcretlo�.
<br /> !!�m�s;�ssK!n fs.�!!a�s!�U.T.!4�11(AfI�V T�IR SRMLI(�V�(�A��IH]11►�1I;L�nder at�eM oromotly rehmd to Bor►awer ern
<br /> Funde�held by Lender.If,undar perayreph 21,Lender shall ecquire a sel the Propsrty,L.endsr,prlor t.o the ecqulaitiori
<br /> or sata d the Pmperty,sheH e�ply any�unds hetd by Lender at the time of acqulsitbn or ael�as a creda apalnet the
<br /> wms�scured by this Security InetrumeM.
<br /> 3.Appllc�tbn of P�ym�Ms. Unleas applicable law provldes otherwlae,eM payment$recehred by Lender under
<br /> ��raphs 1 and2 m�'�Int�r�et dus;�founhy orpr�rrcml due;an�d la�,o any late chaiqas�due�under�ds�
<br /> P�fl►�Ph A�
<br /> 4.Ch�ry a;LNm. Borrower shallpey all taxes,aseessmeMs,charpee,Hnes and impodtbns att�a to the
<br /> Prq�ty which msy susk�prloriry ovar tt�b Secu�ity Instrument�eind leatehold p►yrt�ents a pround rente�if arry.
<br /> BarowK sheU pay tMi�ob{Ipatlona in the manner provided In parapre�ph 2,or If nat pefd(n ttutt manner�Bo�c��MM
<br /> PAY ttwm on tfms dirsrdy to the p�raon owed paymerrt.8orrower shaH p�mish to Lender dl notlas d
<br /> amounti to be pekl unde�thl�parepraph.If BoROwer makes these peyn�nts �Borrower st�eN prompdy iumleh to
<br /> Lenda'ncalpb w►Idencinp the peyrr�enb,
<br /> Bomower ahsll prompdy dlachnroe a�r Iten wt�ich haia priorlty over thla Security Inatnunent unlae Borrower:(a)
<br /> epreee In wrltir.�to the peymem d xhe oblipation secured by the Ilen in e manr�aaoeptable t�qL«dw7(b1'a0ontests in
<br /> pood MRh ths Ilen by,or deferxia e�inst enforcement d the Ilen in,Iv�al proce�dinqa vriilch 4he 1.6nde�' opfMnn
<br /> operste to prsvent the enforcement of the Iien;or(c)securoa from the!�ol�er d the Ilen an eq►eement sethfedory to
<br /> Lendsr subord(natfnq tM Iien ta thls Securky Instrument.If Lender detertnlnea that�ny part of the P Is subjeat to
<br /> a INn which may attpkt priority owr thb 3ecurlty InatrumeM,l.ender rrmy plve Borrorver r�notk�kl�r►t�q tlw I{v�.
<br /> Borrower ahell satlsty the Ilen or take one or more of the acdona aetlath abow wkhin 1 R daya of ths pNirp of notloe.
<br /> 6.H�rd or Prop�rty Inwr�nc�. Borr�ower shall keep the Improvements now e�sttr�or heroe�Rer ereated on ths
<br /> Proporty fneured e�alned losa by flre�hezuds Induded withln the tertn"�daKled cove�y� snd any oths�hazards.
<br /> k�dudin�Noods or 1loodk►�,for which l.ender requkes Inaurance.'ihlt trrouranu�st�eq be rtqikxsined In ths�mo�x�tt and
<br /> fot the s that Ler�der requiroa. Ttw Insurence carrler provfdtnp the Insurance eltell bo chaen by Borrawer subJect
<br /> to l,e x's approvel which shall not bs unreasonably wkhheld. If Barower faNa to maintain covera�e deacribed ebave,
<br /> Lender may,at Lender'a option,obtaln covaraqe to protect Lender's rl�hts In tlw Proparty In accordance wRh
<br /> para�eph 7.
<br /> �NEERA$Kl�-SINGLE FAMILY-FNMA/FNLMC UNIFORM INSTRUMENT FORM�Y/�0
<br /> ISC/CMDTNE//0792/36211(�90)•L PAOE 2 OF a
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