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<br /> - �r 'fOGE:TNER WITFi all thc improvements no��or hereuftcr erectcd on th�praperty,und ull cascmcnts, appurtcnanccs,und
<br /> � tixtureti naw c�� hcrcaftcr a pan �f thc property. All replaccmcnts und additions shall al�o hc covcrcd by this Sec;urity _
<br /> Instrununt. AU af thc forcgoinb i+rcfcrrr.d to in this Scruriry Insu•unieu�ua the "Prup�rty•" r
<br /> .,�;� BORROWER COVENANTS►hut @orrowcr is luwfully sciscd of thc cstutc hcrcby convcycd und hus thc right to grunt and
<br />;:,�� amvey the Pruperty und th�u the Properry is unencumbered, except for encunzbranees of record. Borrnwer warrams and will
<br />_; . defend generally the title to the Propeny agAinst ull dnims und dernands,subject to any encumbrunces of rccord.
<br /> '�' THIS SECURITY INSTRUMENT comhincs uniform cavcnunts for nationul usc und non-uniform covcnunts with limitcd
<br /> . �' varintions by jurisdiction to constitutc a uniform�ecurity instrumcnt covcring rc:xl property.
<br /> UNIFORM COVENANTS.Barrower and i,cnder cavcnamt und ugree as follows: -
<br /> 1. Puyment of Principul and Interest; Prepayment and Late Churg�. Borrower shull promptly puy when due thc
<br /> - ' principal of and interest on the debt evidenced by the Note und any prepayment and late churges due under the Note.
<br /> � Z. Funds for Taxes und lnsurunce. Subjcct to applicable law or to a virittcn wuiver by I.cnder, Borrowcr shull pay to
<br /> I,ender on the duy monthly payments are due undcr the Note,until thc Note is paid in full, a sum("Funds") far.(u)yearly taxes
<br /> und asnessments which muy att�in priariry over this Sccurity Instrument as u lien on the Pmperty;(b)yc:srly Ieasehold payments
<br />_ " or ground rents un the Property.if any;(c)yeurly h:►ar.urd or property insurance premiums; (d)yeurly flood insurunce premiums,
<br />- � • if any: (c)yeurly morrgage insurunce premiums, if any; and (tl nny sums payable by Borrower to 1,cnJer, in accordanee with
<br /> �• � ' the pro��isions of paragruph 8, in lieu of the paymcnt of mortgagc insurance premiums.These items are cullecl "Escr�w ltems."
<br /> � ' L.ender nti�y. at any time, collcct and hold Funds in an amount not to exceed the maximum amount a Iender tor a federally
<br />-��� � ' °' related mortgagc loun may rcyuire for Borrower's escrow account under the fedcral Rcal Estate Setdemcnt Procedures Act of
<br /> l974 i�s amended from time to time, 12 U.S.C. Section 2601 rt scy. ("RESPA"),unless anothcr luw that applies to the Funds
<br />_ . �•i sets a Iesser umount. 1f so, Lender may, ut uny time, collect and hold Funds in un umount not to exceed the lecser amount.
<br />" . Lendcr may estimate thc s�mount of Funds duc on the basis of current duta and re;isminble estimates of cxpenditures of future
<br /> �, Escrow ltcros or othcrwisc in uccordancc with applicable law.
<br /> - The Funds shall bc hcld in an institution whose deposits urr insured by a fecicral ugcncy, instrumentality, or cntity
<br /> - (includina Lender,if Lender is such an institution)or in any Federal Home Loan Bank. L.ender shall upply the Funds to pay the
<br />�`"�'�� Escrow It.ms. Lcnder may not churgc Borrower feir holding und applying the Funds,annuully analyzin�;the escrow account,or
<br /> "r' verifying the Escrow Items,unlcss L.ender pays Borrowcr interest un the Funds and appucauic iaw permiis LcnJer tu u�sKC,ech
<br /> _ - a chargc. Howevcr. Lender may reyuirc Bonuwcr to pay a onc-time charge for an independent real cstate tax rcponing service
<br />- �;•. � used by Lender in wnnection with this loan, unless applicablc law provides othcnvise. Unless an agrceiucnt is made or
<br /> 4=-,��•�.�r: applicable law rcquires interest to be paid. Lender shall not bc rcquired to pay Borrowcr any interest or eurnings on the Funds.
<br /> �"�•'' ° Borrower und L.cnder may agree in writing, however, that interest shall bc paid on the Funds. Lender shull giv;- to Fiorrow�r,
<br />-��Y'���,`" without charge, an annual accounting uf the Funds, showing credits and dcbits tu the Funds and thc purpme ti�r which euch
<br />��'Y'�%' r .'- debit to the Funds wus made.The Funds are pledged as additionul securiry for ull sums securcd by this Security Instru[nent.
<br />:- ' `'^t'-"f If thc Funds held by l.endcr excced thc amounts pcmiiucd to t�c held by upplicablc law, Lender sfiall account to Borrowcr
<br />" "' ' ' for thc cxccss Funds in accordance�vith thc requirements of applicablc luw.[f the umount of thc 1=unds held by L.cndcr at any
<br />� ��`¢�, tim�is not sufficient to pay the Excrow Rems when due.Lender may so notify Borrower in writing, and, in such case Borrower
<br /> r,��;. ;r, shall pay to Lender the amount necessary to make up the deficicncy. Borrower shall m�kc up the deficicncy in no more than
<br />.'�--�' ���t� . twclve monthly payments,at Lender's solc discrction.
<br /> '*"+•�° �-'��� Upon payment in full of nll sums secured by this Security Instruntcnt. Lendcr shall prompdy refunJ ro Borrower any
<br />'�'�"�'" '�.'•r Funds hcld by I.ender. If, under paragraph 21, Lendcr shall ucquirc or sell the Property, Lcndcr, prior tu thc acquisition or sale
<br /> , . of the Property.shall apply any Funds held by Lcnder at the time of acquisition or sale as a credic against the sun�s secured by
<br /> ° '"" this Security Tnstrument.
<br />--- � 3.Applicatton of PAyments. llnlesx applicablc law provides otherwise,ull payments received by LenJer under parugraphs
<br /> • '� 1 and 2 shull bc applieci: flrst, to uny prcpaymcnt rhurgcs duc under the Note: scconJ, tc�amount, payablc undcr paragrapli 2; -
<br /> -»-� �� � third, to interest due;fourth,to principal due; unJ lust,to any late charges due under the Note.
<br /> ��,:-�:':`%�• �. ! 4.Char�cs; Liens. Borrower tihall puy all taxes, assessmcnts, charges, �ncs and impositions attributuble to ihe Property
<br /> � which may attuin priority ovcr this Sccurity Instrumcnt, and leaschold payments ��r ground rents, if any. Eorrower shull pay
<br /> '. �` � th¢sc ubligations in the manncr providcd in psragraph 2,or if not paid in that�nanncr,Borrowcr shall pay thcm on timc dircctly
<br /> � to the persuu owed payment. Bnrrowcr shull promptlp furnish to Lender all noticc�of amounts to be puid undcr this paragrnph.
<br /> . "•" If Borrowcr makcs these payments dircctly,Borrowcr tihall promptly furnish to Lendcr rcccipts cvidcnring the payments.
<br /> • ' ;� „ B��rrower shall prumpdy Jiscliarge any 1 icn whirh ha.pric�riry over diis 5ccuritp Intitrument unlc�s Burrc�wer:(a)agrees in
<br /> ?!. writing tu thc paynunt of thc ��hligation sccureJ by thc licn in a manncr arccptablc to Lendci; (N)runtcstti in good faith thc licn -
<br /> ' by, ur deTends aguinst enforcement of the licn in. Iegal proceedings �vhich in the Lender's cipinicm operate to prevent the
<br /> ° cnti�rccment c�f'thc licn; ur(r)�ccurc� frum thc haldcr of thc licn an agrecmcnt satisfactory to Lcndcr suborJinating thc licn to
<br /> this Sccurity Instrumcnt. ll'Lcndcr dctrrminc�that any part ot' Uic Yropri�ty is subjcct tc� a licn �vhirh may attain priority ovcr
<br /> , this Sccurity In�u�umrnt. Lcndcr nury givc E3orro�vcr a nuticc idcntifying thc licn. Burrowcr xhall satist;v thr licn or take onc nr
<br /> morc of thc action�set 1<�rth abovc�vithin 10 day,uf Ihc giving ol nulicc.
<br /> Form 3028 9/90
<br /> P890?ol G
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