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<br /> moaTHBR wrrN d�d�e�o�pro�►en�c.row oe here.ne�aeaaa uo tM P�y�a.�u....a�ot�,.ppus+�..o..,.oa
<br /> Aaiura nnw a ha�Aer � p�rt ot the p�npnrty. All � �ad additlatr �lull dw be a�ova� by thir S�oaeity �
<br /> iaw�mmt.All oteia ta�oi�u mfenad to la tbis 5eoudty Intnuaaat�the"Pn�perty." ' ,_ �.
<br /> PORROWBR l7�VBNANTS tb�t Hott�wr i�b►wlbUy�ei�ed ot thae44ta Aa�et�Y cpnve3'ed and Iw Ib�rI�IM to paot a4d,
<br /> aqnvey ihe 1'ropeRt��'and tll�t tba P�aperty i�unenc,�un�ernd, exoept fot�dkaumbrmoa a(teca�d. Borrowor rvarr�nta�pd w111 :
<br /> de1TeM�enadly tho title on tho Prnperty qain�t dl sWrtu�nd�.wbject w my a�umbrmoa of neoo�d. �
<br />' TN13 SBCURITY INS,'RUMBNT oor�binea unitorm cavavnu fur nstlon�l u�e�nd aon-ualform oova�nta wLd IimiMd
<br /> v�loor by jutidictlon w oa�utitute a unifwm�ecurity ltwnimart ooverin�ral propaty.
<br /> UMFORM OOVENAN7'S.Borrowo��nd Le�r coveamt u�d�cae s followe:
<br /> 1.H1yq�t ot Ptiocipd aod intarosti �P�Y�aad L�te C6ar�a. Borrower�heli piomptty Po9 wbat due tba
<br /> prino�l of�nd interou on the debt cvidenced by tbe Noto aM any Prepayrt�ent�nd I�to ch�rQa due und�r the Nae.
<br /> 2.Ebud�tor'hxa�nd lmuriu�ce.Subject to�pplic�ble law or to a written w�iver by Le�der. Bornawcr choll p�y to
<br /> I.eMier on�he day monthly paymau��re due under Ihe Note�until the Nae is pdd in fidl.�sum(`Funde')for:(�)yauly tue�
<br /> and aciessmento which may atWn pdodty ovcr thi�Secudry lnstnurknt as a Iicn on the Property;(b)y�arly la�sefald{�ymem�
<br /> or R�nund rante on tho Property.lf Atry:(c)Yeuly ha�rd or propeity lnsunnce premiume:(d)yauly Ilood inwnu�oe pnaniwat. ,
<br /> if�ny; (e)yearly mortgAgo inwrance pniniums. if eny;and(fl ony sums payable by Borrower w l.ender, in�u:cordAnce wlth �
<br /> the provlsion�of parng�aph 8.in lieu of tho pAyment of mortgagc insuranoe pcemiams.'fhese items aro called"Fscmw Items." �
<br /> l.ender mny, at any time. collact and hald Funda in an amount not tv exvoed tl�e maximum amount a lender for a fedeially ._
<br />, �r,lptad mort��o Ioan may roquiro for Borrower's escrow aa�ount uadier t�e federAl Real Fxtate 5ett6ement Procedu�a Act of '
<br />� 1974 as a�xknded from time to time, 12 U.S.0 Saction 2bOl �r s�q. ("RFSPA").unless an�ther law d�t epplies to the Funds .
<br /> ee�s a fess�er�unaunt. If co. Lender may.at aap� time, cdlect aod boid Funds in an amount rat to eacoed the 4esser unount.
<br />; l.andar maUr c�tin►wte the Amount of Funds due on the brsis oE cunreiM date and reosoaablo estlmrtes of eapenditures of fWuro
<br /> Escrow Itat�s or otherwise in accordance with apQlicAbie Gtw. �
<br /> TAe Fucds s�all tie heid in an institucion whose deposits ac�e insured by A federal agency. inswmenwlity. or entity
<br /> (including I.enkr,if Le�der is such an institutiaa)or in eny Federal Home l..oan Hank.l.ender shall apply the Funda to pay the
<br /> Escmw Itema. Ler�der may not cAuge Rorrower for holding And wpplying the Funda,annually analyzing the escraw a000unt,or
<br /> verifrying the Escrow Items,uniess lxnder paya Borrower interest on the Funds and applicable Ipw permits I.ender to make such � ,
<br /> a charge.Hawever.I.ender may roquiro Borrower to pay a one-time charge far�n indapendent real eswtc Wx reporting servke •
<br /> usad by L.ender in connection wlth this laan. unless applicable law provides othenvise. Unless an agrtament Is made or • '
<br /> applicable law rnquires intemst to be paid,L.ender shAll nat be roquired to pay Borrower any intereat ar eamings on the Funds. �
<br /> Borrower and Lender may Agree in wdting, however. �het intercst shell 6c patd on the Funds. I.ender shall give t�►Homnwer. �
<br /> wlthaut charga. an annual accounting of the Funds, showing cradits and debits to the Funds wtd the purpose far which eaeh
<br /> debit to thc Fundc was tnade.The Funds ate pledged as additional securiry for all sums sxurcd by thfs Socurity Inswaient.
<br /> If tht Funda held by[.ender eaceed the amounts permitted w be held by applicable law,i.ender shall eccount to Borrower '
<br /> for the excsss Funds in accordance with the requirementx of epplicable Inw. If the amount of the Funds held by Lende�at anv
<br /> time is not sufficient to pay the Escrow Items when due,l.ender may so notify Borrower in writing, and. in such case Borrowea�
<br /> shall puy to I.er►der the amount necessary to make up tha deficisncy. �aROwer ahall make up the deflciency in no tno�c tlw�
<br /> twelve monthly payments,ut Lender's eole discretion.
<br /> Upon puytnent in full of all sums �ecured by this Securily Inatrumcnt. L,endcr shall promptly refund to Borrower any
<br /> Funds held by Lender.If.under paragrnph 21,lxnder shall acqufre or sell the Property,l.ender,prior to the acquisition or sele
<br /> of the Properry, shall upply any Funds held by Lender at the time of acquisition ar sale as a credit against the sums secured by
<br /> thia Securicy Instn�ment. —.
<br /> 3.Applicatbn of PAyments.Unless applicable law pravide�otherwise,all payments received by L.ender under paregraphs
<br /> I and 2 ahall be epplied: lirst, to uny prepuyment churges due under the Note; serond,to omounts p�yable under paragraph 2;
<br /> third.to interest due:founh,to principal due;�nd la.gt,to any latc chargcs duc undcr the Note. �
<br /> 4.Chwr(�es; I.lenq, Barrawer shall puy uU taxes, usscsxment+�, cha�ges, fines und impositionc at�rlbutable to the Property
<br /> which mey attain priorfty over this Securlty Instrument, und lea+ehold puyments or ground rents, if any. Borrnwer shull pay
<br /> these obligAtions in the munnrr provided in parugroph 2,or it nut paid in ihat manner. Bormwer shall puy them on timc Airectly _
<br /> to the person owed puyment. 8orrower sholl pmmptly furni.h 1��l.endcr ull notices of amounts to be paid under this paragreph.
<br /> !f Borrower makes�hese payments directly,Bcx��awer shall promptly furnish to L.ende�receipts evidNncing the puyments.
<br /> Barrower shull prompdy discharge uny lien which hus pri��rity��cer thi�Security Instrument unless Borrower:(a)agrees in
<br /> writing to the payment af the obligation tiecured by�he lien in u manner accep�able a►L.ender;(b)cuntesls in good faith the lien
<br /> by, ur defends aguinst enfi►rcement of the lien in, Iegal pnkcedings which in the Lender'ti opinion opernte to prevent the
<br /> enPi�rcement of the lien;or(r)se�;ures from the hulder of Ihe licn un ugmrment aatisfurtnry ai Lender subordinuting the lien to
<br /> this Security Inxtrument. lf L.ender detenninc��hat any pan of the Pro�xny i+suhject tu u lien whirh may uttain priority over
<br /> this Security lo+trument, Lender muy gi�•e B��rr�wcr r no�ira idemifying �hc lien. Barrower shs►II satis(y the lien or lake one or —
<br /> more of the�cdans set forth ubnve wi�hin 10 days nf the Fiving of nuticr.
<br /> Form 3028 9/90
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