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'I'O(3BTHSIt WITH�(I tue la�pnuva�bnu now or baia►Rer erxted on ehe propaty.aod�mMw������d
<br /> l�au�.� rar ar reeeh�ar a pR ot Ihr ptopwtY. All tepl�oeo�axt aad �ddldans �II ala be oovand by tbi� S�anit�'
<br /> iMnr�t.Ail ot te�a tote�aty a Rf'ard�r iu ti�r"�rtty i�t as t�e•Pr�ty." — _
<br /> BORROWEA QOVBNl1M'S tF+�t Horrow�r u laalWiy rei�ed ot d�e atde heceby Co�weyed aad 6n the d�fit W arMl�ud
<br /> oonvry tbe Propaty �nd thrt tho Pro�etty it uneoaimberod�ezoapt for aiaun�oa ot roco�d. Bonuwa wamnt� �od MIU
<br /> defond�e�tly tb Wle to tbe PropMy+�t�dl cida�s�ad dan�r�.wbject w arry aocumbr�u�cd of rocrad.
<br /> THIS 3BCURITY INS'1'RUM�NT oombina unifam oover�ts for nwtlo�nl use�nd oawnifocm cov�o�r witb Ilmited
<br /> v�ri�tiom by juridicUon W aoiWitute R unifam rocurity inttruma�t ooveria�rcal pmQorty.
<br /> UIVIFORM COVENANTS.Horrow�r and I.ca�der covenant aad t+�ra es followa:
<br /> 1. �yawt ot Mrdpd�ad lata+di �P9�+�nd L�te Cb�Ra. 8orrower cAdl promptlY P�Y wt�en due tt�e
<br /> P��P�of and intorat on tF►e debt evidencad by the Nota ud anY Prcp�►Yment�nd late chugea due under tbc Note.
<br /> 2.I�tiqda tor Taes�nd I�sunooe. Subject to applipble low ar w a w�ittan w�ver by Lcnder. Borrower shall pry w
<br /> (,endcr an�the d�y mo�qhly p�yme�te arc duc under the Note,uruil the Notc is paid in fLll.a sum('Funds")for.(a)yeArly lazu
<br /> and as�un�ent�which may attain prfority over this Secudty Instruma�t ac a lion on the Praperty:(b)yeuly leasehold payments
<br /> or ground raus on tha Property.if any:(c)Ycar1Y ha�rd or property insuren�e premiwns:(d)Yearly flood insunuica premiur►u�,
<br /> if�ny:(e)Yarly mongage inwnnce pnmlums.if any: and(�anY��PaY�le by Borrower to l.ender. in a000�ice with
<br /> the prov�sions of p�rAgrs�pb 8,in liw of tho paya�er►t of mo�igago insurar�ce premiums.These kems aro c�lled"Escrow Item4."
<br /> LeMer mAy.at any tirt�o.colloct wid hold Fwds in an art�ount�wt to excood the maximum amount a lender for � fedendty
<br /> relwed mortgage loan may r+equire for Horrowec's esetow account under tt�federal Real Estate Settlaant Procedures Act of
<br /> 1974 as�nendod from time to time. 12 U.S.C. Soction 2601 et seq. ("RB&PA"),unless another law that applies to tlie Funds
<br /> �ta a lesser a�raunt.lf so. Lender muy.ut w�y time. cotlect and hold Funds in an omount not to excce�l the laser amount. _
<br /> I.ender rru►y estimate ttl�ee artrount of Funds due on the basis af currcnt dWa and reaaawbie esumstes qf expenditures of fuwre -
<br /> Fxmw Items or otherwise in acco�+donce with applicable Inw. .
<br /> The Funds sh�il be held in an institution whose deposits are insured by a federal s�gency. instrumentality, or e�uity
<br /> (including Lender,if Lender is such an institution)or in any Pederal Home t.oun Hank.l.ender shall appty the Funds to pay the
<br /> Escrow Items.i.ender may not charge Borrower for holding and applying the Funds.ennually analyzing the escrow account,or
<br /> vedfying the Escruw Items,unless Lender pays Borrower interest on the Funds and applicable law permits Lender to malce such
<br /> a charge.However, l.ender may require Borrower to pay a one-time chacge for An independent real estate tau reporting servlce
<br /> usod by Lender in connection wilh this loan, unless applicable Iaw provides otherwise. Unless an agreemem is made or
<br /> applicable law requires interest w be paid. Lender shall not be required to pay Borrower any iMerest or earnjngs on Iho Funds.
<br /> Borrower and Lender:nay agree in writing,however�thsit interest shall be paid on the Funds. Lender shall give ta Borrower.
<br /> without charge. an annual acxounting of the Funds, showing credits and debits to ihe Funds end the purpose far which each
<br /> debit�ta the Nunds was made.'i'he Funds are piedged as acidiiiarwi�viity fui aii suii�s su;ared by ihis 5ecurity Z�'isvmcr�i.
<br /> if thc Funds held by Lender eaceod the amounta permined to be held by applicable law. Lender shall account to Borrower
<br /> for the excess Funds in accordance with the requirements of applicable law. lf ihe amount of the Fwds held by Lender at any
<br /> time is not sufficlent to pay thc Escrow Iterna when due, Lender mny so notify Bomnwer in writing,and,in such case Borrower
<br /> shali pay to Lender the amount necessary to meke up the deficiency. Borrower shall make up the deficiency in na mo�+e than
<br /> twelve monthly paymrnts,at Lender's sole discredon.
<br /> Upon payment in full of ull sums secured by this Security Instrument, I.ender shall promptly refund to Borrower any
<br /> Funds held by l.ender.If,under paragraph 21. Lender 3hall ucquire or sell the Property,Lender.prior to the acquisition or sale
<br /> of 1he Property.shall apply any Funds held by I.ender at the time of acquisition or sale as a credit against tlie sums secured by
<br /> this Securiry Instrument.
<br /> 3.Applicstdon ot Payments.Unless applicuble luw provides athenvise,all puyments received by L.ender under paragraphs
<br /> 1 and 2 shall 6e applied: first,to any prepayment charges due under the Note; second,to amounts payable under peragraph 2;
<br /> third.to interest due;fourth,to principal due: and Is�t,ta uny late charges dua unde�the Note.
<br /> 4.Charges; Lkas.Borrower shull pAy all taxes,ussessments. charges, f7nes and imposi�ions attributable to the Property
<br /> which may uttnin priority over this Security Ins�rument. and leasehold payn�ents nr ground rents, if any. Burrower shall pay
<br /> these obligations in the monner provided in paragraph 2, ar if not paid in thut manner.&xrower shall pay them on time directly
<br /> to the perum owed payment. &xrnwcr shall promptly furnish t�►Lender all notices oi'umoun�s to be paid under this paragmph.
<br /> If Borrower makcs these payments Jirectly,Bc�rrower,h�ll promptly furnish to l.endcr rcccipts cvidcncing the payments.
<br /> ' Borrower shal l promptly discharge uny lien which hus priority uvcr thi�Sc�:urity Instrument unless Borrower. (a)ugrces in
<br /> writing to the ppyment of the obligation sccured by thc lien in u munner ncceptable to l.ender;lb)ron�ests in good faith the lien
<br /> by, or dcfends aguinst enforcemcrx ��f�hc lien in, legal proccalings which in thc I.ender'. �ipini�m nperate ta prevent the
<br /> enfarcement of�hc lien; or(rl ucure. from the holdcr of the licn an ugreement.utisfurt��ry to L.endcr sulxirdinating the lien to
<br /> this Security instnrment. If LenJer determines thut any part�if the Property is �ubject tu a lien which may utt•rin priority over
<br /> this Seeurity Inslrument, l.ender �my givc &�rrower a noticc iJentil,VCng thc li�n. Burrna-cr �hall wtisfy the licn or iake nne ar
<br /> more oi the nctinn� u.�fonh atxwe within 10 davs��f the ytivinR uf nulice.
<br /> Form 3028 9/90 °
<br /> ap�YoeB
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