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<br /> -�.:,:�,'..', ��r� t�t�rR�M��'A�+i `
<br /> " '� • �'OQf:THE:k WI'PH ull thc impmvcments now or hereaRcr crected on►he properry, und all cus i s, u �� 1 _
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<br /> ;�•�'� fixture� now ur hercafler u pnrt uY the propeny. All replacements und nclditionc shnll ulso be covered by �his Se�uriry
<br />_�;��,�.1� . � Insu•ument. All of tl�c f��rcgoing i+rcfcrrcd ta in►liis Sccw•ity Instrumcnt u�+dic "Pro{xrty." _
<br /> .}�:":''"•''� I30RROWk'sR COVLNAN'fS thut I3orrowcr iti lawfully Fciscd��F thc cstutc hcrchy crnivcycd+uid h+is t�ic riklu t+'�;rimt und
<br /> .. ,, �,,,,�; com�cy thc Pruperry �+nd thnt thc F'ruperty is unCncunthcrcd, cxccpt for encumbrunccs of rcci�rJ. Horrowcr wurrnntti +ind will
<br /> '"'-"i� dcfcnd gencrulty thc tidc tu thc I'ruperty uguinst:dl cluints und dcmnnds,suUjcct u�any cncumbri�ncc,��t'rccord. �
<br /> ~~� TH15 SECURITY INSTRUMFNT cumbines�miform covenunts f�r nationul usc und non-unifurm cuvcnunts with limitcd
<br /> vuriutions by jurisdiction to constitutc u uniform sccurity instrumcnt covcring rcul property,
<br /> '� `'. UNIFORM CnVENANTS. Borrower und I.cndcr cmcnunt itnd aErce us followF: when duc the
<br />: �•r� !. Pnyment of Principal and Interesh Prepaynxent nnd I.ute Char�es. Horrowcr shull promptly puy -
<br /> ' principal of and interest on thc Jcbt cvidenccd by the Note and uny prcpaymcnt and latc chnrgcs due undcr the Note.
<br /> 'n:a,;`;;� 2. Funds for Tax� und Intiurance. 3ubject to applicuble law or ro a writtcn wuiver by Lcndcr, Barro�ver sh�dl pay to
<br /> ,;ti�c�a:x
<br /> l.en der on t hc day mon t h l y p u y m e n t e a r c duc undcr thc Note,until the Note is puid in full,n sum("Funds")for: (u)yeurly taxes
<br /> ::�.�, carl leuschold u mcnts
<br /> ^°'�:- ��" � und ussessments which muy attain prioricy over this Security Instrumenc as n licn on thc Property;(b)y y P Y
<br /> ``�`� or ground rents on the Property,if uny;(c)ycurly hut.urd or property insurance premiums;(d)yearly iload insurunce premiums,
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<br /> = • if any; (el ycarly m�rtgagc insurance premiums, if any: and (� any sums payable by Borrowcr to I..ender, in accordance with
<br /> -'"''��"., the provisions of paragruph 8, in licu of the payment of mortgagc insuruncc premiums. Thcse items arc culleci "Escrow Items."
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<br />--;z�i,, ;, I.ender may, ut uny time. callect and hold Funds in nn amount not ta excced the maximum amount a lender for u f ern y _
<br /> related mortgage loan may require for Borrowcr's escrow nccount under the federal ReAI Estate Settlement Proceciures Act of
<br /> i-�� � 1974 as amcnded from time to time, I2 U.S.C. Scction 2601 et sey. ("P.ESPA"). unless another law that npplies to the Funds ,
<br />=•�.�n.�'�x=� sets a lesser amount. If so, L.ender may, at uny time, r.ollect and hold Funds in an amount not ta exceed the lesser amount.
<br /> � �v I.ender mav estimate the amount of Funds due on the basis of current data and reasonablc estimates of expenditures of future
<br /> 'f�"``•�' Escraw items or atherwise in accordance with applicable law.
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<br /> = _��,,'� The Funds shall bc held in nn institution whose deposits are insured by n federal ugency. instrumentality, or entity
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<br />_=:;�,�,zi (including L.ender, if Lender is snch an institution)or in any Federal Homc Loan Bank. Lendcr shall apply thc Funds to pay the
<br /> "��1•��,.� Escrow Items. Lender muy not chargc Borrower for holding and applying the Funds,annually analyzing the cscrow accaunt,or
<br />�.�;'r��r� verifying thc Escrow Items, unlcss Lendcr pays Borrowcr interest on the Funds and npplicablc law permits l.endcr to make such
<br /> -:�''.�� �� a charga Howevcr, Lender may rcquire Borcower to pAy a onc-timc charge for an indepcndent real estate tax reponing service
<br /> �:s:..r,. � � .y r pp p F�
<br /> _�v�;;;pr;, usul by i..ctid'c� i� :ar,n�tio.. i.h ihis Im�n; unless a licablc luw rovides otherwise. Unless an a reement is made or
<br />__�F��•�:� applicable Inw rcyuires interesl to bc paid, I.ender shall not bc requirrd to pay Borrower any interest or eaminbs on ti�e Pur�ds.
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<br />-=;_�,�^,,,;f Borrowcr and L.cnder may agree in wniting,hawever, that interest shall bc paid on the Funds. L.ender shall give to Borrower,
<br />— �� without charge, an annual uccountins of the Funds, showing credits and debits to the Funds and the purpose for which each
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<br /> �' ' dcbit to the Funds was made.Thc Funds are plcdsed ns additional secut•ity for nll sums secured by this Sccurity Instrument.
<br /> � t,�;•a� Lender shall account to Honower
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<br /> _:1�s4`,►�!c�• If the Funds held by I.cnder exceed the amounts parmitted to be held by applicable law,
<br />��_�i.re.�:s: for the excess Funds in accordance with the requimments of applicable Inw. If the amount of the Funds held by I..ender at any
<br />='• ''�� time is not suff'tcient to puy the Escrow Items when due,I..ender may so notify Borrower in writing,and, in such casc Bottower
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<br /> "= shall pay to Lender the amount necessary ro mnkc up the deficiency. Borrower shall make up thc deficiency in no more t un
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<br /> •� twelve monthly puyments,�t Lcnder's sole discretion.
<br /> ____ _:,:� Upon payment in full of all sums securcd by this Sccurity Instrument, i..ender shall promptly refund to Borrower any
<br /> ---�"='� Funds held by Lender.If,undcr paragraph 21,Lendcr shall acquirc or sell the Property,L.ender,prior to the acquisition or sale
<br /> -_=�m� of the Property,shall apply any Funds held by Lender ut the time of ucquisition ar salc as a crcdit against the sums secured by
<br /> `�"`�� this Security Instrument.
<br /> -�� 3.Appllcs►Uon of Pnyments.Unless applicuble law provides othcrwise,all payments received by L.ender undcr paragraphs
<br /> -•�:;..r r::i'�,.�
<br /> '-��°.."= l and 2 shall bc upplied: first, to any prepaymcnt churges duc undcr the Note; second,to a�nounts paynblc under paragrnph 2;
<br /> =�'�!t'��" thtrd,to interest due:foutth,to principal due;and last,to any late charges due under the Note.
<br /> � ""��'" 4.Char�a; Licns.8orro�ver shall pay all taxes,asscssmcnts, charges, fines and impositions attributuble to the Property
<br /> :y�.- _d,
<br />"��_�•� -,•.• which may attain priority over this Securiry Instrument, and Ieasehold payments or ground rents, if any. Borrower shnl pay
<br /> _-,""��-'"'��.'.r'�`='� these obligations in the manner providcd in paragraph 2,or if not paid in that manncr, Borrowcr shall pay them on timc direcdy
<br /> �:�`'`'�.- to the person owed paymcnt.Borrowcr shall promptly furnish to L.ender ull notices of amounts to bc paid under this paragrnph.
<br /> , "'`'''" If Borrower makes ihcsc payments directly,Borrower shull prumptly furnish to L.cndcr receipts evidencing thc payments.
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<br /> '''' Borrower shall promgtly discharge any licn which has prioriry over this Security Instrument unless Borrower: (a)agrees in
<br /> � r ,,, writing to thc paymcnt of thc obligation securcd by thc licn in a manncr acccptable to Lendcr;(b)contcsts in good faitli the lien
<br /> � by, or defends against enforcement ot' the licn in, Iegul procecdings �vhich in the Lender's opinion operate to prevent the
<br /> iC cnforcement of the licn: or(c) secures from thc holdcr of thc licn an ugreement satisfactory to L,endcr subordinuting thc licn to
<br /> r�i this Security Instrumcnt. If Lendcr dctermines that any part of thc Praperty is subject to a licn which may attain priority over
<br /> F' this Sccuriry Instrumcnt.I.end�r muy givc Borro�ver a noti�c identifying the licn.Borrowcr shall sxtisfy thc lien or tuke one or
<br /> � � morc of thc actions sct forth abovc within 10 days of thc givinb of noticc.
<br /> Form 3028 9/90
<br /> Pnpa I o1 G
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