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<br /> '1'OC)E7'HBR WITH all the improvetnenu now or harcafter crer�ed on�he properiy,and all ea�cmen�s.appurtcnmc�,
<br /> �nd flature�now or hereafter e part of tho property. All rcplACements and widitions shafl d:o be covual by thi�Securiry
<br /> In4pumeqt. All of the foregaiog fx roPen+cd to in this 3ecu�ity Inslrumcnt es the"Property."
<br /> BORROWER COVENANTS that 8om�wcr is Ipwfully ceicod of 1he eatate hercby rnnvcyed w�d hAS the tiQht to�nt
<br /> - - -- and convey thep�erty and that tho Property i:unencumbered,eacept for encumbrances of rccord. Hortowm worrants�w!
<br /> w1�1 defend�eaeraliy tho title w the Property ag�n�t all cla�m�pnd demonds,cubject to any encumbrance�of rccord.
<br /> ---` � TWS SEC[JRi7Y INSTRUMENT cu���bAi�s u��ifam covenants far natianul use And non-uniform covenants with
<br /> limfted variotions by judsdktion to conAtirota A unlform eecurlty instrument covedng rcAI property.
<br />-- ° � UN VORM COVBNANTS. Borrower und Lendcr covennnt nnd ngree�s follows: -.
<br /> 1. Payment of PrindpAl aad Interest;Prepsymeat aad Lpte C6ar�ea. Bomower shall promptly pay when due U►e
<br /> �Mnci of and interest on the debt evldenced by the Note and any prepayment and late charger due under the Notc.
<br /> � �ad�tor 71�xea w�d inaurAace. Subject to applicnble Inw or to a written waiver by l.ender,Borrower shall pay to
<br /> Lender on Ihe day monthly payments arc due under the Note,until the Note ia paid in full,a aum("Funds�")for:(a)yearly
<br /> -- taxes end assessment�which may attain prioriry over this Secudry Instrument as a lien on the Property;(b)yearly learchald
<br /> payments or ground rents on the Property. if any; (c) yearly hazerd or properry insurence premiums; (d) yearly flood
<br /> - - -"-� insurnnce premiums, if any; (e) yeurly mortgage insurance premiums, if any; end(�any sums payable by Borrower to
<br /> L.ender.in accordance wlth the provisions of paragcaph 8,in lieu of the payment of mortgage insurnnce premiums. These
<br /> - itema ure called"Fscrow Items." l.ender may,et any dme,collect and hold Fl�nds in an wnounc not ta exceed the maximum
<br /> - amount a Iender for a fedeirelly related mortgage loan may require for Borrower's escrow sccount under the federal Real
<br /> Estate Scukment Procedures Act of 1974 as amended from time to time,l2 U.S.C.§2601 et seq.("RESPA").unless another
<br /> � � law that applies to the Fund�seta a lesser amount. If so.I.cnder may,at any time,collect and hoid Funds in ar�+unuunl nut to
<br /> :,y� • exceed the lesser amount. i.ender may estimate the amount of Funds due on the basis of current dsta end r�cawruibte
<br />____ . estimates of expenditures of futur+e Escrow Items or otherwi�se in accadance with applicabie law.
<br /> _.L�� The Fbnds shall be held in an institution whose deposits are insured by a federnl agency, inswmentality, or entity
<br /> � (including I.ender.if i.ender ls such an institudon)or in any Federal Home Loan BAnk. L.ender ahall apply the Funds to pAy
<br /> - the Escrow Items. Lender may not charge Bortower for holdfng and applying the Funds,annually nnelyzing the escrow
<br /> --°�_•='�� nccount. or verifying the Escrow Items,unless l.ender pays Borrower interest on the Funds arid applicable law permits
<br /> '�""� Lender to me{ce such a charge. However,Lender may require Borrower to pny a one-time cherge for an independent real
<br /> �,,,.,�_;,,,� • eswte tax reporting service used by Lender in connection wlth this loan,unless appllcable law provides otherwlse. Unless an
<br /> __---;i�� agreement is madc or Applicable law requires intereat to be paid.Lender shall not be required to pay Borrower any interest or _
<br /> eumings on the Funds. Borrower and Lender may agree in writing,however,that interest shall be paid on the Funds. I.ender
<br /> _--,-�� shell give to Borrower,without charge,an annual accounting of the FLnds,ahowing credits and debits to the Funds and the _
<br /> � purpose for which each debit to the Fundr wa:made. The Funds are pledged as additional secu�ity for all sums secured by
<br /> ---� this Secu�ity Instniment.
<br /> =�._-y7 If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to
<br /> - 9orrowtr for the eatcraa i��nda i�nccordence with the requir�ements of applkable law. If the amount of the�nds hcld by
<br />---�'-'-="-'�'� ..� Lender at any time is not aufficient to pay thc Escrow [tems when duc,Lender may so notify Bomower in writing,and,in
<br /> - -"�'�-"�-`-=.�.% such case Borrower shaU pay to Lender the amount necessary to make up the deficiency. Borrowcr shall rttake up the
<br /> "'�"`- d. deficiency in no more than twelve manthly payments,nt Lender x sole discretion.
<br /> }�" f�^ Upon payment in full of nll sums secured by►his Security Inswmenl,Lender shall promptly refund to Borrower any
<br /> ��r�`� � Punds held b Lender. If,under ara ra 21,Lender shall ac uire or sell the Pro n I.ender, rior to the ac uisition or
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<br />� _._;:ss�+�.: -. aale of the F'�n�erty, shall apply nny F1mds held by Lender at Ihe time of acquisition or sale as a c►edi[against the sums
<br /> �-'�'. ce.cund by this Security lnstrument.
<br /> ;�+�-�.-'-• 3. Applkalion of Paymenta Unless applicablc luw provides ocherwise, all puyments received by Lender under
<br /> -�,�j;,�,:,:J'.4, ; paragraphs I and 2 shall be applied:first,t�any prepayment charges due under the Note;second,to amounts payable under
<br /> ��.:���;� paragrnph 2;third,to interest due;fourth,to principal due:and last.to any late charges due under the Note.
<br /> �--,, 3_ r' 4. Ch�es; Liens. Borrower shnll pay nll laxes, assessments, ctierges, fines and imposidons an�ibutable to the
<br /> :��_ � Propetty which may attain pdodty ovcr this Securlry Insuumem,and leasehold payments or ground rents,if any. Borrower
<br /> shall pay thesc ubligatfons in the munner provided in pnragraph 2,or if not paid in that manner,Borrower shall pay thcm on
<br /> ;��at_�,�__�`t� dme direcdy to the person owed pnyment. Borrower shall promptly fumish to Lender all nodces of umountg to 6e paid under
<br /> :,.�._;::W�"._' this paragraph. If Bomower muke4 these puyments directly,Borrower shall promptly fumish to L.ender r�eceipta evidencing
<br /> - ,w;..,:.,-,;:� • the payments.
<br /> —�',-�r°`e,;,.�,� � Bortower shall promptly discharge uny lien which has prioriry over this Security Instrument unless Borrower:(a)agrees
<br /> in writing to the puyment of the obligatfon secured by the lien in a manner accept�ble to Lender.(b)contests in gaod faith the
<br /> '�k�.��' lien by.or defends aguinst enforcement of the lien in,legel proceedings whkh in thc Lender�s opinion opernte to prevent�he
<br /> ,�-�;:_��;�� � enfor�ement of the lien;ar(c)secures from the halder of the lien an agreement satisfactory ro Lender subordinating the lien
<br /> ', .�k to this Security Instrument. If Lender determines that uny ps�rt of the Property is subject to a lien which may attain priority
<br /> '''� over this Secudty Instrument,Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take -
<br /> `�-8--:T.: ^°• one ur mare of the uctions set fath above within 10 duys of the gfving of notice.
<br /> ----••����. 5. Hazard or PropeMy Insurance. Bomower shull keep the improvements now existing or hereufter erected on the
<br /> < :s''T'• Properry insured ageinat loss by fire,hazards included within the term"extended covernge"und uny other hazards,including
<br /> �; � a•,•"=" ttoods or floading, for which Lender requires insurance. This insurmce shull be maintwned in ihe nmounts and for the °
<br /> � •� ' Ifirm 30ti 9f90 fpaRr 2 aj6/wgesl
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