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<br /> _'_��� RE-RECORDEC�a� 112'91.'7 9$- 1113b2 -
<br /> �ps.;�� , T04�TH8R WITH nll thc improvements now or hereafter erected on the property, and ap eusements, appurtenences,und
<br /> ;,<<,.,�,�� Ijxtures now or hereafter a part of the property. All replacements and additions shall ulso be covered by this Security ---
<br /> Instrumen[. All of the foregoing Is referred to in this S�curity Instrument as che "Property."
<br /> ';�:::r'l"�,'• . BORROWER COVENANTS thet Borrower is lawfully seised of the cstatc hcreby conveyed and has the right to grant and �
<br /> `.`' '' convey the Property and that the Propeny is unencumbcrcd, except for encumbrances of record. Borrower wArcants and wlli
<br /> �����`�' " defend genera!ly 2hG tidr.to the Property against all Gl�irn�and demands,subJect to any encumbrances of record.
<br />-�. F_�
<br /> � " TFiIS SECURITY IIYSTRIJMENT combines uniform covenants for national use And non-uniform covenaents with limited
<br /> ' �^• variatians by jurisdictio��to constitute a uniform sccurity Instrum�nt covering real propeny. �-
<br /> ,.°i�3;sh� UNIFURM COVL�NANTS,Borrower end L,ender covenant and agree aa follows;
<br /> 1. Payment of Princlps�l and Interest; Prepwyment and Late Charg�. Borrower shnll promptly pay when due the
<br /> y� principal of and interest on the debt evidenced by the Noteand any prepuyment and late charges due under the Note.
<br /> 2. Funds for Taxes end lnsurAnce, Subjecc to appllcable law or co a written waivcr by l,ender, Borro�ver shall pay t�
<br /> - .. �` Lender on thc day monthly pnyments are duc under the Nwe.until the Note is pAid in full, a sum("Funds")for: (a)yearly taxes
<br />_.�.�-�• mid assessments which may attain prtority ovcr this Security Instrument as u lien on thc Property; (b)yearly leasehold payments
<br />''�' or round rents on the Pro rt ,if an ; (c)yearl hazard or ro msurance remiums; (d)yearl flood insurance premiums,
<br /> :�•''"'"� B P� Y Y Y P P�rtY � P Y
<br />-_�::�`'f� if any; (e)yearly mongaqe in�urance pnmiucn�, tf any;and(� any sums payable by Borrawer to Lender, in accordonce with
<br /> =""'`� '� the provisions of paragraph 8,in lieu of thc payment of mortgage insurauce promiums. These items are called "Escrow Ctems."
<br /> F�,;=„•-.
<br />-_-,;,F�� Lender may, at any time, collect und hold Funds in an amount not to exceed tl�e maximum amoun�a lender for a federally
<br /> {,,_•;:.�.
<br /> --_--— relared mortgage loan may require for Bonower's escrow accoune under the federal Real Estace Se[tlenient Procedu�es Act of
<br /> =;�`�� 1974 us amended from Nmc ta time, 12 U.S.r. Seccion 2601 et seq. ("RESPA"), unless another luw that applies ta the Funds
<br /> -��'?'�:'� sets a lesser amount. !f so, LendGr may, at any time, collea und hold Funds In an auiount not to ezceed the Icsser amount.
<br /> �,�-�
<br /> -_----- l.ender may esdmate the amount of Funds due on the basis of current data and reasonable estimates of expenditurea of future
<br /> �?�y�� Escrow Items or otherwise in accordance with applicable law.
<br /> .Y�>..,�
<br /> - The Funds shall be held in an institution whose deposits are insured by a federal agency, iAStntmentaltty, or ennty
<br /> a��� (including Lender,if Lender is such an institudon)or in any Fcderal Home Loan Bank. Lender shnll apply the Funds to pay the
<br /> - Escrow Items.Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account, or
<br />-- °_�.°�� verifying the Escrow Items,unless T.ender pays Borrower interest on the Funds and applicable law permits Lender to malce scch
<br />-.: ..a�� a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate taa re(iox'ting service
<br /> -J=�=_-=� used by Lendar in connection with this loan, unless applicablc law provides otherwise, Unless an agrarnent is made or
<br />--=•.���� applicable law requires int�rest to be paid, Lender shall not be required to pay Borrower any interest or eamings on the Funds,
<br />�,•�� Borrower and Lender may agrx in writing, however. thot interest shall be paid on the Funds. I.ender shall give to Borrower,
<br />��� wichouc cnarge, an annuul ac:wu�iti;;g of ihe Fur,ds, sh�w:ng cr:,�;ts wr,d dt5is�ie :he Fcr.ds sr.d!�t puz�pose fnr u�hieh eaeh
<br />--- -- debit to the Funds was made. 7'he Funds are pledged ns additional sccurity for all sums sxured by this Securtty Instrument.
<br />=".i��-� If the Punds held by Lender exceed the amounts permitted to be held by applicable lsw, Lender shall account to Borrower
<br /> i°���,�v for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by L.ender at any
<br /> -_— time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and. in such case Bonower
<br /> --==- shall pay to Lender the nmovnt necessary to make up the deticiency. Borrower shall make up the deficiency in no mon than
<br /> - - ��, [wclve monthly payments,at Lender's sole discretion.
<br /> Upon payment in full of all sums secured by this Security Instrument, L.ender shnll promptty refund to Borrower any
<br /> -�__- Funds held by Lender. If,under puagraph 21,Lender shall acquire or sell the Property, Lender,prior to the acquisitlon or sale
<br /> _ °'_"-'— of the Propetty, shell apply any Funds held by Lender at the time of ucquisition or sale as a credit against the sums secund by
<br />_-_ this Security Instrument.
<br /> - - 3.Application o[Pwyments.Unless applicabla law provides otherwise,all payments reccived by Lender under paragraphs
<br /> — 1 and 2 shall be applied: first,to any prepayment charg�s due under the Note; second, to amounts payable under paragraph 2;
<br /> °"'""�"'R�� third,to interest due; fourth. to principal due;and last.to any late chargcs due under the Note.
<br /> ---�--= 4.Charges;Liens. Borrower shall pay all taxes.a�sessments, charges, fines and impos[tions attributable to the Property
<br /> "�"� which may attain priority over this Security Instrument,and leasehold payments or ground renu, if any. Borrower shall pay
<br /> �u:���:�� these obligations in the manner provided in paragraph 2,or if not paid in tl�at manner,Borrower shall pay thern on time directly
<br /> _--.,n;��� to the person owed payment.Borrower shall promptly fumish to l.ende�aU notices of a�r;ounts to be paid under this paragraph.
<br />-==—_-- If Bonower makes chese payments directly, Borrower sh�ll promptly furnish to Lender neceipts evidencing the Qayments.
<br />--�-��._.��. Bonower shall promptly discUarge any lien which has priority over this Security instcument unlcss IIoctower: (a}agrees in
<br />__--_-_- writing to the payment of the obligetion secured by the lien in a manner acceptable to Lender;(b)contests in goad faith the lien
<br /> �-���;_;.� by, or defends against enforceinent of the licn in, legal proceedings which in the Lender's opinion operate to prevent the
<br />° Y����T-�" enforcement of the lien; or (c)sceures from ehe holder of the licn•an agrecment satisfactory to i.ender subordineting the lien to
<br /> `�'1�`"�"' this Security lnstrument. If Lender determines that any part of the Property is subject to a lien which may attain prioriry over
<br /> _. _�;.:;... �
<br />-,'-��,��'f"f' this Security Instniment, Lender may give Borrower a notice identifying the lien. Bonower shall satisfy the lten or take one or
<br />-- � �" more of the actions set fonh above within 10 days of the giving of notice.
<br /> -_ :,f;:• .
<br /> ' Form 3028 9/90
<br /> �-6RINE)�szi z�.oz P�pe Y ol 6 Irvtl�4:
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