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<br /> f TOOBTHBR WiTH all the improvement�nuw an c�reuftes erected on t�e property,and all easemenGq,app tc ,su�d -
<br /> fiaturc.w anw or hereafter a part af thc property. All replACeinents und Addldon9 st►all ulho be covercd by dils Security �___
<br /> �: ,� Instrumcnt.All of the fangoiug is refeered ta itt this Seciulry ItLCtnurteut xs the "Pmperty."
<br />� BORROWAR COVBNANTS thAt Horrower ia lawtWly seised of the e�tutC I�ereby wnvcycd aud has thc rl�ht ro L'�nt and � �
<br /> c�nvey the Property wnd that the Property is unencumbered,except for encumbrances of record. Hanower wamtats utxl w111 —
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<br /> dofend generAlly the dtle to che Properry against ull claims and demunds.subject to any eacumbrances of recard. ��.
<br /> THIS SBCUItITY INSTRUMBNT combiaes w�ifornt coveaants for nadonal use urxi non•uaifarm coveuants vvith llmited °`
<br /> varIadons by jurlsdlcdon to consdtute a uaifarm security tnsm�ment caveriag real property. _-
<br /> UMIFORM COVBNANTS.Borrower aad L.ender cavenant and Agree as follows:
<br /> - 1. Payment of Principnl and Interesti Preps►yment And Lutc ChAr�es. Bonower shall promptly pay when due the =
<br />- � pdnefpat of and ipterest aa tbe debt evideuced by tbe Note and aay pmpayaieat and IAte chsuges due uader the Note.
<br /> 2, Fund�[or T�ts and In4ur�u�ce. Subject to applicable law or to a written waiver by Lender� Borrower shall pxy to
<br /> 4
<br /> Lender on the day monthly payments are due under the Note.undl the Note is paid in fuU,a sum("Fw�ds")for:(A)yeady tax� __
<br /> and assess�uents whlch may attain prtodty over this Sceurity Instcument as a li�n on the Property;(b)Yauly leasehold paymenta
<br /> or ground nnts on the PropertY,if iury; (�)Y�ly hauud or property insurance Premiums:(d)Yearly flood iasurance Pnmiwns,
<br /> � ' If any;(c)Ycarly mortgage insurance preauums, if any:and(�anY sums Payable by Borrower to L.ender, in accordance wtth f
<br /> the pmvisiong of�arugsAph 8,in lleu of the paymeat of mortgage insurance pmaiums.These i«ms ue�11�"��W i��'�
<br /> , " Lender may� at any time. coUect and hold Funds in a�►ainount not to exceed the maximwn amount a lender for a federally
<br /> ' ,� related mortgage luan may require for Borrower's escmw account under the federal Real Sstate Settiement Procedures Act of
<br /> 1974 as amended from dme to dme, 12 U.S.C. Secdon 2601 et seg. ("RBSPA'), unless another law Wat applies to tlie Funds
<br /> sets a lesser amount. If so. Lender may,at auy dme.collect and bold Funds lu an amount not to exceed the lesser amouat.
<br />- I.ender may estimate the amount of Funds due oa the basis of current data and reasonable esti�maces of eapenditures of future
<br /> Bscrow Items or otherwlse in accordaace with applicable law.
<br /> instrumentality
<br />- The Funds sball be held in an insdtudon whose deposits are insvred by a federal agency, . or entlty
<br /> �;: � (inclucUng L.ender,if Lender Is such an insdt�tion)or in any Federal Home Loaa Baak.1-en�ler shall apply the Fuads to pay the
<br /> - ' Bscmw Items.Lender may aot charge Borrower for holcUng and aPPtY�B�e �, ��Y���°�1OW�°�,or
<br /> - -�k•J��!!- y���� �� �T��,�mie.cs L.ender pays Banower interest on the Punds and appllcable law permtts Lencler to make such
<br /> �. . ,: a charge.However,Lender may re4uire Borrower to pay A one-dme charge for nn itrdependenc reat esu�ie iaa��'�o
<br /> s,"'�r:• ' used by Lender in connecdoa with tWe loan. ualess applicable law pmvides othemLse. UNess an Kgram
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<br />-�.�f;�;' - appllcable lAw requires interesc w be pa�d. Lender shall n°t be required to pay Bonower aay interest or earninge on the .
<br /> '" Boaower and Lender may agree in wc�dn8+however,t6at iaterest shall be paid an the Funds.L.ender shall give W Horrower,
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<br /> -�� �.::,,-: wlthout charge, an anuual Accounting of the Punds. showing credit�and debits to tbe Funds aad the purpose for which each
<br /> �""'�'��-` debit to the Funds was made.The Funds are pledged as addidonal securlty for aU snms secured bY tWs SecuritY Insuwnent.
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<br /> ''''� If the Fwids held by Lender excced the amounts pemiitted to be held by upplicable law,Lender shall accouat to orrower
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<br />=��',,w�, for the excess Fw�ds in accordance with tha r�e4ulrements of applleable law. If the ainount of the Fwufs held by Lender at any
<br />-_ ,4,px� dp�e is not suf�cient to pay tbe 8scrow Items when due, Leader may so nodfy Borrower in v�nidng�and.iu such case Bormwer
<br /> �."'"=�.�' shall pay to Lender the amouut necessary to make up the deficlency. Bonower shall make up the deflciency in no man than
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<br /> �'��a twGlvc monthly paymcnts,at Lender's sole discredon.
<br /> -�;�a;�� Upon payment in fi�ll of all sutns secured by this SecurIty Instrument.Lender shall promptly refusui to Bonrower swy
<br /> ;;��:;:�„� Funds held by Lerider.If,under paragi�aph 21, Lender shall acquin or sell the Property.Lender,prlor to the acquisidon or eale
<br /> - -.. ,. of the Pmpeccy, shaU apply any Funds held by Lender at the time of acq�iaidoa or sale as st credit against the swns secured by
<br />"w�;a thie Security Insm�ment.
<br /> ,��4; 3.AppUcation ot Payments•Unless applicable law providea othenvlse,all payments received by i.ender w�der paragrxpl�s
<br />�;,�•� 1 and 2 shall be applied: fust, to any prepayment charges due under the Note;second, to aznounts payable uuder paragrap
<br /> �w`' third,to intenst due; fourth,to principal due;and last,W any late charges due under the Note.
<br /> � 4.CharQaai I.te�►s. Boncower s1wU pay all ta�ces,assessments,charges.fines and imPosldons atuibutable to the Property
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<br /> "`= which may attalu priorlty over this Securicy Insaument. and leasehold payments or ground rents, if any. Borrower PaY
<br /> �=�°T��� these obIigadons in the manaer provided ia paragrnph 2,or if not paid in that maiwer,Bomower shall pay them on time directly
<br /> ''��� � � to the person owed pay►nent. Borrower shaU pmmptly furnish to Lender all nodces of amounts to be paid under this para8raph.
<br /> � If Bonower makes these payments direcdy.Bonower shall pmmpdy furnish to Lender receipt�evldenctng the payments.
<br /> � Borrower Fhall pmmpdy disctiar8e anY liep Which has priority uver this Securlty Instiument unless Borrower:(a)agrees in
<br /> ' wcidag to the payment of the obligadon secured by the lien in a mwner acceptable to I.ender;(b)contests in good faith the Hen
<br /> by. or defends against enforcement of the Iien tn, legal procadinSs whtch in the L.ender's opinion operau to prevent the
<br /> enforcemcnt of the lien; or(c)secures from the holder of the lien an agceement satisfactorY to Lender subordfnating the Uen to
<br /> . ;� this Security Iasm�ment. If Lender determines that any pxrt of the Property is subject to a Iien which may attaia prtority over
<br /> � thls Securicy Insttuuieat. Lender may give Borrower a nodce identifying the lien.Bocrower sttaU suttsfy the llen or take one or
<br /> `i raore of the acdaru set forth above within 10 days of the giving of ttotice. (
<br /> Form 5028 9/90
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