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<br /> � im rovcments now on c�rcttftcr crcctcd on Ihc property. and all cASCmcnts,appurtcnanccs, and �
<br /> , 1 TOGETHER W1TH all thc p
<br /> , fixtures now an c�rcnftcr a pa�'t of thc property. All rcplsccmcnts and udditions sl�all�Iso bc covcrcd by this Sccurity Insvnmcnt. ' ..
<br /> AU af thc foregoing is rofcrred to in this Sccurity Insuumcnt as thc"PropercY' '
<br /> ,,,,._.r BORROWgR COVflNANTS thut Borrowcr is lawfuUy sciscci af thc es�at,c hcrcby convaycd and hes thc right tn granl and , �`
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<br /> -+� canvcy thc Property and that thc Property is uncncumbercd, exccpt far cncumbranccs of record.Borrowcr warcan45 and wiA ,a , �( �
<br /> defend generaUy the dtle w ihe Property against all claims and demands,subject to anY encumbrances of record, � ,;,L,�__
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<br /> � THIS SECURITY INSTRUMENT combines unlform covenants for natianal use nnd non•unifarm covenants with lim► � - �
<br /> variadons by jurisdiction to consdtutc a uniform sccurlty inswmcnt covcring rcal property. � ;'.1��..
<br /> UNIFORM COVENANTS.Bonower nnd Lcnder covenant and agrcc as foll Bonowcr sh�ll prompAy pay when duc thc � I ;.;:�
<br /> 1.Payment of Principal ond Interest;Prepwyment wnd Late ChArges• M ,u�
<br /> principal of and incerest on the debt evidenccd by[he Note and any prepayment and late charges due under the Note.
<br /> �� Ucable law or to a written waiver by Lender, Borrowcr shall pay to � ;�:;°-
<br /> 2.Funds tor Taxes and Insurance. Subject to ePP '�-`�,�
<br /> Lendcr on thc day monthly payments arc duc under thc Note,unul thc Notc is pnid in full,a sum("Fund�s'1�;�SCh d paynecnts __
<br /> and assessments which may attain priority over this Security Instrumins�a�ip`°n� ms d�earl yflood insurat►cc Premiums,if -
<br /> or ground rents on thc Property,if any;(c)yearly hazard or propecty .--
<br /> � any:(e) Ycar1Y mongage insurance premema ment of mortg se nsurunce p cm ums. 'I'ftese itemsnare�caUcd �row Items�° =°-
<br /> provisions of paragraPh 8. in licu of th p y '����
<br /> Lender may,at any time,collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally relatcd
<br /> mortgage loan may require for Bonower's escrow account unRde�r PA fed n���Cralaw that applie r�e Funds ets a9lesser �_
<br /> g amended from timc to dmc,12 U.S.C.Section 2601 et seq. ( )
<br /> amounG If so, Lender may,at any dme,collect and hold Funds in an amount not to excecd the tesser amounG Lender may , :
<br /> �• estimate the amount of Funds due on the basis of c►.urent data and reasonablc estimates of expcndltures of future Escrow Items or _
<br /> '� otherwisc in accordance with upplicablc law. .
<br /> 'Ihc Funds shell be held in an insdtution whose deposits are insured by a federal agency.instr��C�nds to pay thc Esc�w � .�,
<br /> Lender, if Lcndcr is such an insutupon) or in eny Federal Home Loan Bank•l.�:ndcr shall app y -
<br /> Items.I.ender may not charge Borrowe�r�rt Wo�d���d o p� FundsFand app cableYlaw P�rmlts Le d���°m��such a charg� `
<br /> the Esc:ruai Itettts�unl;s�Lcnd�r p2y_ -
<br /> However,Lcnder may require Boaower to pay a one•time charge for an independent resl e�tatv�nx relw�tir�8��'ic�us��hY
<br /> Lender in connecaon with this loan,unless applicable la�P a�Bonower any interest or eam ngs onithe F�u ds.Borrower,and �.'�
<br /> rec�uires interest w be paid�1-�nder shall not be requued p Y •-
<br /> Lender may agree in writing,however,that interes:shaU be paid on thc Funds.Lendcr s��for�whith cach debiWto the Funds was ;- _
<br /> annu�l accounting of the Funds,showing credits and debits to the Funds mid the Pur(s° �a_; - '
<br /> made.'I1ie Funds ate pledged as addidonal security for aU sums secured by this S��le Iaw�I.ender shall account to Borrower for � -
<br /> If the Funds held by I.cnder exceed the amounts permitted w Ue held by app' _,_
<br /> thc excess Funds in accordance with d►e requirements of applicable law. Yf the amount of the Funds held by Lender at any time Is �_
<br /> n o t s u f f i c i e n t w p a y t h e E s c r o w I t ems when duc,Lender may so notify Bo�rower in writing,and,in such case Borrawer shall pay _ _
<br /> co Lender the amount necessary co make up the deficiency. Bonower sh a l l m a ke up t h e d e f i c i e n c y i n n o m o r e t h an t w c l v e
<br /> ' monthly payments,at Lender's sole discredon. °"
<br /> • � Upon payment in full of all sums securecl by this Security Instrument,I.ender shall prompdy refund to Borrower any Funcls
<br /> . held by Lender.If, undcr paragraph 21,Lcnder shall acquire or sell the Property,l-endcr.prior to the acquisidon or sale of the
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<br /> property, shall apply any Funds hcld by Lender at the time of acquisition or sale as a credit against tha sums securerl by th�s �
<br /> Security Instrumcnt� �f~
<br /> , 3.Applicatton ot Payments. Unless applicable law provides othenvise,all payments reccived by l.ender under paragrah 2s —
<br /> 1 and 2 shall be appGed:Cirst,ta any prepayment cherges duc under thc Notc; second,to amounts payable under paragrap
<br /> � � third,w interest due;fourth,to principal duc;and last,to any late charges due under the Note.
<br /> � 4.Charges;Liens. Bonowcr shall pay all taaes� assessments,ch�rges,fines and impositions attributablc to Ihc Properey
<br />- � which may attain priority ovcr this Security Instrumcnt,and leaschold payments or ground renis,if any.Boaower shall pay ihesc
<br /> obligations in the manner providcd in parab*rF+ph 2,or if not paid in that munner.Borrower shall pay thcm on timc dircctly ro thc
<br /> person owcd paymen�. �o�towd��hall prompdy furnish to Lendcr all notices of amounts to bc paid under this paragraph. If ;L�u-�,
<br /> Bonower makcs these payments d'uecdy,Borrower shnll prompdy fumish to Lcnder receipts evidencing the payments. :;F�_y.
<br /> ' Borcowcr shall prompdy discharge any lien which has priority over this Security Insaument unless Borrower: (a)agrees in �,r;-m-
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<br /> � wridng to the payment of the obligation secured by Ihe lien in a manner acceptable to l.ender;@)contests in ood faith the lien _�: -
<br /> by, nr defends against enforcement ot the lien in, legal proceedings which in ihe I.ender's opinion operate to prevent the. ••��.-;
<br /> enforcement of the Uen;or (c) secures from the holder �of il�e Pro anr�s sub�tsio a 1 n which may attair►prionry�o er this •-
<br /> this Security InstrumcnG It Lendcr dctermines that any p P� Y J�
<br /> . $ccurity Instrument,Lercdcr may givc Borrowcr u noticc identifying thc licn.Borrowcr shall satisfy the licn ar take onc or more
<br /> of ihc actions set forth abovc within 10 days of thc giving of noucc. Form 3o2e 9�90
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