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<br /> 'POGE'f'Ht'sR WITH uU ihc imprc�vcmcnts nnw or icrcuftcr crccted on thc prnperty,und�ill�xscmcrns, uppurtcnunccs,,ind
<br /> fixtures ni�w on c�re.�ftcr a pa�t of thc praperty. All rcpinccmcnts und additions shall �dsa bc covcrcd Uy this Sccurity
<br /> Instrumcnt, All of Ihc forcboing is rcfcrrcd to in�his Security Instrument uti thc"Property."
<br /> RORROWGR CQVENANTS that Hnrrciwcr is luwfully sciscd of thc cstatc hcrcby c�mvcycd anJ h.�s thc right tc�br�uu und
<br /> convcy thc Properry und th.�t Ihc Prciperty is uncncumbcrcd. cxccpt for cnciunbr�mccs af record. 13orrc�wcr wnrrunts and will
<br /> detend ge�ieridly�lie tide to the Prnperty against all claims and demands,suUjeci to nny cncumbrmucti of record.
<br /> 'I'HIS SkiCUFiITY INS1'HUMf'sN'C combines unifonn covcnants for na�ion.�l u�c :md non-uniti�nn cnv��nants with limitcd
<br /> vuriatii�ns hy juriti:iiclion to constitutc a unif'orm sccurity instrument covcring rc,d pr<�perly.
<br /> UNIC'ORM COVENAN'fS. Borrowcr und L�ndcr co�•cnant tmd ngrcc as I'ollows:
<br /> I. Puyment of 1'rincipal smd Intcresr PrepHyment und Lxte Charg�w. Hun•uwcr�shull promptly pay w�hcn cluc thc -
<br /> principal of and interest on thedebt evidenced hy the Note�md any prepayment nnd lirte ch�irges due under�he Note.
<br /> 2. Funds for Tuxes and Insurunce. Suhject tu ��pplicublc law or to u written waivcr by l.endcr, 8orrower tihall pay to
<br /> Lendcr on the d,iy monthly p.iyments arc duc under thc Notc,until thc Notc is p�iid iu full,a sum C'Funcl,")far: (;U ycarly taxes
<br /> und zisscssmcnts which nuiy uuain priarity ovcr this Sc;curiry Instrununt its�� licn�m thc Pmperty;(h)ycarly Icaschold puymcnts
<br /> ur gro�md rents on lhc Properly, i(any: (c)ycarly harard c�r property insuruncc prcmiums;(d)ycarly tlnod insurancc prcmiums,
<br /> if uny: lc) yc.vly mortgagc insuranrc prcmiums, if any: and (I) uny tiwnti pery+�hlc by Hnrruwcr lu Lsn�lrr, in�iccarduiicc witl�
<br /> thc provisions of par�igruph R,in licu nf'thc paymcnt uf mortgagc insurancc prcmiumti. Thcu itrms are callcd"Eticrow Itcros."
<br /> L.cndcr may, nt ,my timc, collcct �ind hold Fwids in an .unount not to excccd thc muximum wn�ium u Icndcr for a f'ulcrully
<br /> rclutcd nwrtgugc luan muy require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as amcndcd fram time ro timc, 12 U.S.C. Scction '1601 ��r seq. ("RESPA"),unless another law that applies to the Funds
<br /> sets a Icsser amount. If so, Lender may, at any time, collect and hold Funds in un amount not to exceecl the lesser anwunt.
<br /> l.ender may estimatc the amonnt of Funds due on Ihc basis ot currcnt duta und reasonablc estimates of cxpcnditures af(uture
<br /> Escrow Items or othcrwisc in accordnncc with applicablc law.
<br /> The Funds shall bc held in an institution whosc depasits arc insurcd by a fedcral ugency, instrumcntali�y, or cntiry
<br /> (including Lendcr, if Lendcr is such an ins�itution)or in any Fccicriil Home L.oan I�unk. Lender shall apply the Funds to pay thc
<br /> F.scrow Items. LenJer may not charge Borrower fix holding and applying the Fwids, annuttlly analyzing the escrow account, or
<br /> verifying the Bscrow(tems, unlcss Lender pays Borrower interest on the Funds and xpplicable law permits Lenda•to make such
<br /> a chargc. Howevcr, I.enJcr nny rcyuirc Borrowcr to psry a onc-time chargc for an indepcndcnt rcal estute tax reporting scrvice
<br /> used by L.ender in connection with this loim, unless applicable law provides otherwise. Unless an agreement is made or
<br /> npplicable law rcquires intcrest tn be paid,Lendcr shall not hc rcquircd to pay Borro�vcr nny intcrest or carnings on the Funds.
<br /> Borrower and L.cndcr may agrec in writing, howevcr, that interest shall bc paid on the Funds. Lcndcr shall givc to Rorrower,
<br /> without chargc, �m annual accounting of thc Funds, showing credits i�nd dcbits to thc Funds and thc purposc for which cach
<br /> debit ro the Fwids was ntadc.Thc Funds arc plcdged as additionul securiry for all sums sccured by this Security Instrument.
<br /> If the Funds held by l..ender exceed the nmounts pernuttea to be heid by appiicaole iaw, L.ender snaii account to Bormwer
<br /> fur the exeess Funds in accordanee with the requirements of npplicable Inw. If the�mount of the Funds held by f.,ender at any
<br /> time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrowcr in writing, und, in such case Borrower
<br /> shall pery to Lencler the amount necessary to make up the deficicncy. Bnrrower shnll make up the deficiency in no moro than
<br /> twelvc ntonthly ps�ymcnts,at Lr.ndcr's sole discretion.
<br /> Upon payment in full af all sums securcd by this Securiry Instrument, Lender shall promptly refund to Borrower any
<br /> Funds held by Lcndcr. If,under paragraph 2 l,Lcnder shnU acyuirc or scll thc Property,L,endcr,prior to thc acquisition or salc
<br /> of the Propc:rty, sl:all apply any Funds held by Lender at the time of nequisilion or sale as a creciit against the sums secured by
<br /> this Security Instrument.
<br /> 3.Appiicudon of Payments.Unless npplicable law provides othenvise,all payments reccived by Lender wider paragraphs
<br /> 1 and 2 shall bc applicd: first,to any prepaymcnt chnrges duc undcr die Note; sccond, to amounts payable undcr para�;raph 2;
<br /> third,to interest duc;fourth,to principal due:nnd last,co any latc cliargcs duc under thc Note.
<br /> 4. Churges; Licns. I3orrowcr shull pay all taxcs,assessments, ch�rges, fincs and impo�itioas a�ttributablc to thc Properiy
<br /> which may atttuin priority over this Sc<:urity Instrument, and Ieasehold paymcnts or ground rents, if any. Borrower shall pay
<br /> these oblibations in the manner provided in paragraph 2,or if not paid in thac manner, Borrower shall pay them on timc directly
<br /> to thc person owcd paymcnt.Dorrowcr shall promptly furnish to L.cnder ull notices of amounts to bc paid undcr this paragraph.
<br /> If Borrower makes these payments directly, Borrower shall prompdy furnish m Lender reccipts evidencing the payments.
<br /> Eiortower shall promptlydischarge any licn which has priority over this Security Insh�ument unless Borrower: (a)agrces in
<br /> writing to the payment of thcobligation sccured by thc licn in a munner�icceptablc to Lender, (b)contests in goal faith the licn
<br /> by, or defends against enforccment of thc licn in, Icgal proccctiings which ii� thc Lcnder's opinion operate to prevent the
<br /> enforcement of thc licn; or (c)ticcures from the holder of the lien an agreement satisfactory to I.cnder subordinuting thc lien to
<br /> this Security Tnstrument. if Lender detertni:ies that uny part of the Property is sub,ject to a lien which may attain priority over
<br /> this Security Instrument, Lender may give E3orrower a notice identifying thc licn. Dorrawer shall satisfy the lien or tuke one or
<br /> morc of the actions sct forth a�c�ve within 10 d�q-s of the giving c�f noticc.
<br /> Form 3028 9/90
<br /> Papo 2 0l G
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