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<br /> TOOEPHER WI'i'H ult the improvements now an c�rc�ftcr crccted on the property.and all e�scmcnte,oppurtenancee.
<br /> and flxlw�e�now or hereARer o patt of�he property. All�plACements and addNionr xh�ll ala be covened bY th��8ecurlh'
<br /> - _ - lnrwn��t. Ail of thc farcgaing is rcferred to in thi�Stcurity Inatn�ment aa ihe"Pn►perty." _. -_
<br /> ` ElORROWER COVBNANTS�hut 9otrawcr Ia lawfully seised of the eAtate hcreby convcycd wtd has 1hc rl�ht to pr�utt
<br /> and comey the Prope�ty and thwt the ProP�na iainet all aim�end dopmwnd��submbrnnc� ��m��ex of recotd.���d
<br /> _ .. wlll defend�enerally the tiqc to the Praperty � 1� Y
<br /> - - -`'°� 77i1S SECURITY INSTRUMENT combines unifcwm covenent� for national uxe and non-unifomt covenante with
<br /> - _ , �-
<br /> - Umited vari4tions by Ju�isdiclbn to constftute a uniform security inatniment covering real proporty.
<br />_ — --�.;� UNiEORM COVENANTS. Borrower end Lender covenent and agrce as fdlawa:
<br /> -� 1. Pwyment ot PAacipwl And lnterest;Pnps�yment And Late Chargea Borrower ahall promptly pay when due the
<br /> =� principal of end interest on tho debt evidenced by the Note and any prepayment ond Iwte chargcs due under the Note.
<br /> 2. F�nda for'Ilwxes wnd Inauraace. SubJect ta applicable law or to a wrltten waiver by L.ender,9orcower shall pay to
<br /> Lender on�e day monthly payments nre due under the Note,until the Note is paid in full,a sum("Funda")for:(a)yearly
<br /> �� 'T �°'`-:� taaes xnd Assessmenls which may attain priorlry over Ihis Security Insuument aa a Ucn on the Property:(b)yearly leasehold __
<br /> payments or ground renta on the Property, if eny; (c) yearly hazerd or property insumnce premiums: (d) yearly Qood
<br /> =�� insurance premiums, if eny:(e) yearly mortgage insurance premiums, if any;and(� eny suma payable by Bonower to
<br /> Lender,in accordence wilh the provisbns of puragcaph S, in lieu of the payment of mortgage insurance premiums. These
<br /> - �� items ere calied"Fscrow Items." Lcnder may,at any time,collect and hold Funds in an amount not to exceed the maximum
<br /> ��°L� amount a knder for a federelly rclated mortgagc loen msy rcyuire for Borrower�s escrow account under the federnl Real
<br /> a Estate Settlement Procedures Act af 1974 as amended from time ta time, 12 U.S.C.�2601 et seq.("RESPA"),unless unother
<br /> - law that applies ro the Fl�nds�ets a les�er amount. If so,Lender may,at any time,collect and hold F1mds in an amount not to `
<br /> -�+�:����' exceed thc lesser amounl. Lendcr rney estimate d�c amount of Funds due on the basis of current dair and reasonable
<br /> .:°_�h�,� estimates of expenditures of future Escrow Itema or otherwise in accordence with applicable law. �•
<br /> - �, • ` The Plonds shall be held in an instjtution whoae deposit� are insured by a federal agency, instrumentality, or cntity
<br /> �:�t=�.�'`�'''� (including Lender.if i.ender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay _
<br /> �'�'• ' �� � the�scrow Items. L.ender mey not charge Bortower for holding and applying ehe Funds,annually analyzing Ihe escrow _
<br /> ��,�.u'�'p, --
<br /> �-"�'""�° account, ar vedfying the Escrow Items, unless Lender ppys Borcower interest on the Funds and Applicuble Inw pertnits _
<br /> �'* ��~b ^ Lender to make such a charge. However.I.ender rnay require Bortower to pay n one-time charge for an independent real _
<br /> -�' � ' estate tax reporting xervice used by Lender in connecAan with this loan,unless applicable law provides otherwise. Unle�a an
<br /> � �-�- ��==-�;r����t agreement is made ur applicabla lew requires interest to be paid,Landcr shall not be required lo pay Borrower any interest or �
<br /> .;.- - eaminga on the Punds. Borrower and Lender may agree in writing,hawever,that inlerest shall be pnid on the Funds. Lender
<br /> �:.'�:�`� . shall give ro Borrawer,without charge,un annuel nccounting of the Funds,showing credits and debits to the Fu�ds and the EY
<br /> — ''`�''�,�`,�,,"�.; purpose for which each debit to the Funds was made. The Punda nre pledged as additianal secur�ty for all sums secured by
<br /> _ — :r,:•�-�;�-"� ii,i�S�;urity irisuumcnt. -
<br /> ���'"•'v'�° lf the FLnds held by Lender exceed the amounts permitted to be held by applicnble law, Lender shall account to
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<br /> _-'-'"�"' "''' Borrower for the excess Funds in accordance with che requirements of applicable Inw. If the amount af the Funds e y
<br /> - _ '',,��,�y4�,� l.ender at eny time is not sufficient to pay the Escrow Items when due.Lender muy so notify Borrower in writing,and. in �
<br />-- ; z,�.a . such case Borrower shall pay to Lender the umount necesxnry �o muke up the deficiency. Borrower shall make up the
<br />- __— deficiency in no more thun twelve monihly payment�,at Lcnder's sole discretion.
<br /> r� �' ' ` Upon puyment in full of all sums secured by thfs Security Instrumenl, Lender+hull promptly refund to Borrower uny __
<br /> ����_ �� Funds held by l.ender. If, under paragraph 21.LenJer shall acyuire ar xeli the Propeny,Lender,prior ro�he ncquisition or _
<br /> -•�_"`�""` `� t'� snle of the Property, s ha l l app ly u ny F u n d s h c l d by l.e n de r at Ihe time of ac q uisition or xule us a credit aguinst �he sum+
<br />- � �_,�' • secured by thix Security Instrumen�. �
<br /> ,� �"�' 3. ApplkAtbn of PAyments. Unletis upplicablc luw pruvides olhenvise, a{I pnymentx received by L.cnder under _
<br /> -"'"_��, •' � ara m hs 1 and 2 shall bc:u lied: fint,to un rc a ment chur c+duc undcr thc Nole; xccand,ui amounls payuble under
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<br /> �� � �.; paragrnph 2;third,lo interesl duc;fuutth,to principul due;unJ lu�ct,to any lutc churges due unJcr the Nate. _
<br />-�.�"� '� .�'',:�` 4. ChArQes; Ltens. Borrowcr Khull puy ul l�uxex, ux+essmems, chargcx, fincs and impc�xitiom attributable io the
<br /> �'-���= . :;�;� Prope�ty which may viwin prfority ovcr thfs 5ecurity In+�rument,und Icuxchold puymentx or gr�und rcnts,if�ny. Bormwcr _
<br /> F • �r� shall pay thesc obligutians in thc m�nncr providcd in purug�uph 2.�x if not puid in�hat mnnner,BoROwer sl�all puy them on _
<br />-i�� � ` ' time direclly to the person owed payment. Born►wer xhull promptly fumish tu I.cnder�II n�liccs of umountx lo be paid under -
<br /> .� this p�uagruph. If Borrower mnkex these payments directly,Borrower shull promp�ly furnixh to Lender receipts evidencing _
<br />-�*�" ,'�:�',, ' . the payments.
<br />-:•r::�:� . • Borrower shall promptly discharge uny lien which hus priority over thix Security Instrument unless Borrowee la)ugr+eex _
<br /> _.:-tiv��; •�,�*`� in writinb to thc puyment of thc obli�a�ion xecurcd by the lien in u mnnncr acceptable to Lcndcr,(b)contests in gond Paith the
<br /> ""' ��, �""' '� lien by,or defends against enforcement of the lien in.IegAI proceedings which in the Lender's opinion opernte to prevent the _
<br /> V"""� �Y���'��" % enforcement of the lien;or Ic)secures from the holder of the lien un ugreement satisfurtory�o Lender�ubordinuting 1he lien
<br /> _,'-� ..J.., ,. —_
<br /> - - •• to this Securiry lnstrumenc. If Lender determincx etwt uny pun of the Property i. subject m n lien which muy uttain prio ty
<br />: ' �; over this Secudty Instrument,Lcnder may give Bormwcr u noticc identifying the lien. Bortowcr shull satisfy the lien or take
<br />-:;�+ �; _.. one or more of the actions set Porth above wlthin 10 days of the giving of notice. -
<br /> - � 5. HarArd or Property Insurance. Bortnwer shull keep the improvements now existing or hereufler erccted on the F
<br /> Property insured aguinst loss by fire,h+�znrds included within the term"extcnded co�-�ruge":uid nny other hnzards,including �
<br /> floods or flooding,for which Lender reyuin:s insurunce. This insurancc shall bc ros�intained in the nmounts and for the _
<br /> . Form 30t8 9/90 Ipaxr=nJnpuRe.rl F
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