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<br />.�-:,' ` '. : •� TOGETHF.RWITHafl the improvemeatsaaw or hereaRererededan the property,aadall easements,aPPurtenances.and � _
<br /> ��e:,i�� � : .. �� � � aow or hereafter a of the All lacements and ad�tions be: b7+ this Secnrity ':
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<br />��,..__�";' ; .,`.`��; IastmmeaL Alt of the foregoing is referred to in tLis Sec.vrity Inswment as the'Property. � ' � `�_.
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<br /> �.;�: � , BORROWER�OVENANTStLat Boaoweris lawfnlly seised of the estatehereby coaveyed and has che ri�lst to grant�ad , .
<br /> ' .� _. i convey the Property and that the Property is unencumbered,exoept fo:ena�mbran�esof record.Bo:roweraarrants and will , �r:
<br />`�;_�`_'' ` � ' ! defend generally the title to the Property against a11 claims and demaads,subject to any eawmbrances of record "� . .`
<br /> ��- ` �' 'd'HIS UMEI�PI'co�nbiaes unifoim covenanu for nationat use and aon-mniform covenaats with Wnited �
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<br /> ��' � �� variations by jnrisdidiou to coastitute a unifotm secanity ins�vmmt covering real property.
<br /> {" . 'v;. ,� . , UNIFORMCOVENAIV'15.BorrowerandLendercavenantandagreeasfollowx � �' ' i
<br /> � 1. Hsyment of Ytindgal and 1�ere� PcePayment and Late C6asges. Bormwer shall pramptly PaY when due tbe � `
<br /> ="�`r ' ' 'r � prinapal of and interest on the debt evideuced by the Note and anY PTepaYmeni and late c6arges dne under the Note- . .
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<br /> ' 2. Fua+ls for Tases aad Losaeaac�Sub}ed to applicable law or to a writtea waiver by Lender,Borrower shall pay to ••,`•¢, ', '�. -
<br />_� ' . Lenderon the day moathty paymeatsare dne uaderthe Note,�mti1 the Note is gaid ia full, a sum('Fands") for.(a)Y�Y�
<br /> � �� , and assessmentsv�rbi�h may auaiapriority aver Wis Security Instramentas a Gen on the ProPertY ro)Y�Y Ieasehotdpayments �� -.
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<br /> 3._ , � or gronad rents oa the Property,�anY+(c)YeariY hazardor groperiyinsuraaoe premiums:(�YeartY 8aod�sar'ancepremiums, '° �4 i ,
<br /> �,�' .:; j ¢�Y (e)Y�9�a�8�mstuaace preaunms,�f anY+aad(�aa3+Soms PaYable bY Borrower w L.ender,in accordancewith -_--�
<br /> ����'_ • . �';i the provisions o f paragrap h 8, in T i e a�o f i h e paymen t o f m�r t�e ins u r a a ce p r e m i n�s.7����"�a�'I�'� �..'.
<br /> r ` �.'t� l.ender may. ai any+timc,collect and hold Funds ia an ammmt not to eaxed the ma�mawn awiount a lender for a federally
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<br /> 1 1 related mortg�ge Man may req�nre for Borrower's escrow accoant under the fed�ral Reai E.�tate SetttementYrocediuesAct of �,:=°� �--:.��
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<br /> ' � `.''1 1974 as amendedirom time to timc,1Z US.G Sedion Z601 et sey.(`RFSPA', aWess anotherlaw that appfies W the Funds • ::•_.:
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<br /> 1 sets a tesser amonnl.If so, Lender may, at any time, wltecs and hotd Funds in aa amount not to exceed the lesser amowu. 5. _-
<br /> �_ .. . �f Y.ender uiay estimate the amouat of Frmds dne oa the basis uf curreut data aad reasonableestimates of exgcaditures of firture '
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<br /> ` • �� Fscrow Items or otherwis�ia accordance with applicable 1aw. _
<br /> F s . . � 4.,� The Funds shall be hetd'm an instrtntion whose deposits are inswred by a federal agenry, �stnim�ntalit5+,or eatity ����:
<br />- �; ' , HomeLoan BaWc.Leudershall aPPi3+the Fuads to pay the � ?.�;
<br /> �� . .:'`� (i n�l a d i n g L e n d e r,i f L e n d e ris snch an instih�ioa)or in a t ry Federal _
<br /> � k . _ �� � u� Fscraw Items.Leadermay not charge Borrawer for IwIdmg andaPPlring We Funds,armuaitp analyang the esaow aaounl,or .°....�-:.-,�F `
<br /> f- . ....�'� verifyin�tLeF�crawItems,unlessLenderpaysBorrawermterestuntheFondsandapp�iCablelawpesmitsl.endertomakeszuh �
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<br /> _,..� a charge.However,l.endermay reqaireBorroa�erto pray a one-timechargefar aa indepeadentrealestatet�zepartingsesvice - - ��> , .
<br />�.:�;,;; � � � ' tued by Lender ia connedion with thi5 loaa, unless appkc:able law pravides othernise. Un1e�aa ag�reement is made or `°;.� s-�.�-.
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<br /> .-ti.;;. .- .:•' app li c a b l e!aw rcquiresinterest to be p a i d.l.eadershall not be r e quicedto p a y Bmra�veramy intecestor ea=ningSon ehe Fands ::_,`_'
<br />-'.?".' .� . Borrower aad Lender may agcee in arritiag,however,that interest shall be paid on the Fmnds.I.ender shall g�ve to Borrowet, � .°� ��;'''§:`
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<br /> � � without charge,an annual auounting of the Fuads,showing credits and debits w the Funds and the purpose for which each `. t�, '
<br /> �'�` " • debit to the Funds was made.'The F�ds ate ptedgcd as additional sewriq►for all sums seaured by tbis Security Iastcannent. -
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<br /> •;;;::% ." - �� If the Fands held by Lenderexceed the amountspermittedto be heId hy applicabie law,l.ender shall accatmt to Horrower . ; �'::,,r=�_
<br /> :�yy.;'.,: . . . for the eac�ess�mds ia accordaaoewith t6e reqairemenisof applicable law.If the amount of the Fwsds held by Leader at any _ •�. _ _`_�r;_
<br /> .{ '` , ' �; time is not su�cient to pay the Fsc:ow Itemswhea due,Leuderrnay so notity Borroweriu�and,ia suc6 case Borrower : . �' :��:
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<br /> s6atl pay to l.cader the amonnt accessary to make up the def aency. Borrower shall ma�ke np the def cieu�y ia no more than ^:;;
<br /> �•'�''' � ::,F iwehre mont6lY PaS+ments.at Leader's sole discredon. • _
<br />..��•: � . ; UPon payment in hil1 of all sums secured by thig Secwicy Iadrnment,Lendes shall prampdy refund to Honower any • yr
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<br /> .x," ` . � Funds heldby Lender.If�,underP�8�Ph21, Lendess6all acquireor seD the YropertY,Leader,prior w tleeacqnisrtionor sate _ '.;'`-: `
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<br /> �:`::� • . . ' of the Froperty,shall aPP3Y�Y F�held by Le n der at t h e time o f acquisi doa or s a le as a cr e d i t a g,3 i n s t t h e s u m s s e c u r e d b y `�.��,;.
<br /> �,�'� . � -- WisgeciuitylasWment - "
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<br />. =,.t•._; 3.Applicatton otPaym�ts.Untessapplicablelaw provides olhtrwise,aI1 paymentsreceivedby Lenderuaderparag�aphs
<br /> �� � � 1 and 2 sLaU be app�ed:first, to any prepaymentc6arges due nuderthe Note;secoad,to amountspayable uader paragaph2; , ,
<br /> ;;=: ,��. � third.to iaterest dae;fourtb,to priacipal due;and last,to aary late charges due uadcr t�e Note. �
<br /> ' "'�� � ' 4.Chae�s;Uens. Horrower s6a11 pay all taxes.assessmenis,chaages,6nes and impositions ambntab2e to the�roperty �
<br /> '.,� which may attain priority over this Security lnstrumcnt,aad leasehold payments or gouad rents�if any. Borrower shall pay �
<br /> ,`"-: ' ..,, :
<br /> `,�. these obli$atioas in ihe manaerprovided in paragrapL2.or if aot paid ia t6at manner,Sosrowers6a11 pay them on time directty .
<br /> to the persoaowed paymeaL Borrowersball promplly furnish to LenderaU noticesof amoaatato be paid undestLis para�apb.
<br /> ��'�i�� � lf Bonower malces these payments directty,Borrower sLal!promptty f�cnish to Lender receipLS evideacing the paymeni4. � .
<br /> '�':•:-'�: .' Borrowershall promptly discharge auy tien w6icb has prioriix over tLis Sec�riry iatwmentuWess Bosrawer:(a)agrees in ,. . .
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<br /> .J..r::: �• .� writing to the payment of ihe obligatioa secwred by the Gen in a manneracceptabteto Lcnder;(b)ooatests in good faith the liQa
<br /> � by, or detends agaiast enforcement oi the lien in, 1e,ga1 proceedings w�ich in ihe Lender's opinion operate to prevent thc � , �
<br /> . �i�;_: � , , entorcementof the Gen;or(c)securesGom the holder of the lien an agreementsatisfactory to Lendersubordinatingthe Gen to � •
<br /> " ;• , . '. this Security IasUnmeat.If Lender detetminesthat aay part oi the Property is subjed to a lien which may attain priority wcr . ,
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<br /> this Security instrument,Leude*may gjve Boaower a norice identitying the tien. Bonowershall sati�fy the 6en or tatce one or
<br /> ;�,�,.,� more of the actioas set forW above within la days of the�ving of aotice. :.
<br /> . Form 3p28 9/90 .
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