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<br /> _� 7'OOETHER WITH aQ�ho impn►vcments now or hercaftcr crcctcd��n tho pr�erty,and dl a�omenlr.�ppunorwxe��
<br /> �nd exture�now or henwnar a pwn aP ihc properiY. All repl�camrnth�nd wddi�ian+ah�ll alw be covered by this SecwrNy
<br /> � Inprumcnt. All uf the furc�oity{ir refe�rcd la In Ihlx Sxu�ity Inruvment at Ihe"Prupeny,,'
<br /> � � BORROWBR COVaNANT9 that Burtuwer iR Iwwfully�i�ed of'tho e�tatc hcrcby cunvcycd wu1 haa thc HQht to�nt ��
<br /> `-'� and convcy the Prnpeny and that tho Pr+�pcny ir w�encumbcrcd,except tor cncumbronccA of rccord. 8arrower worrwar w�l
<br />_- -- - -_-�_:,_., wfll defenJ generally the tUk w the Propeny A�dn�t all cl�im�ond demandr,subject lo any encumbnncer ot'ncaM.
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<br /> ,•_- � TH1S SECURITY INST(tUMBNT rnrt►binea uniform covenants for naliond use und non•unffam covqtantr wllh
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<br /> _— ---= limiud variatione by Jurisdiction to cons�itute a uniform security inswment covering rcal property. ,
<br /> _:,� �,k*°� UNIFORM COVENANTS. Borrowerand Lender covenant and agree ax fallowx:
<br /> � `�t`�"- 1. ['�yment of Principal aad Inte�ti�epayment and L�te Chu�es, Barowcr ahnll promptly pay whcn due the
<br /> = pdncipal of and interest on the debt evidencai 6y the Note and eny prepayment ond late charge�due undec the Note.
<br /> _ _-=�>`.s_� 2. F�und�for 7'axes and Insumnce. SubJxt to applicable law or to a w�itten waiver by Le�der.9orrower shall pay to
<br /> � -= L.cnder 4n the day monttdy paymcnts are due under the Note,until the Note is puid in full.a eum( Funds')for.(a)yearly
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<br /> - --�- ` "-- taxes and assessments which may attain pdoriry over this Security Instrument as a Ilen on the Property;(b)yearly leaschold ___
<br /> �r�,��:_ �--
<br /> -., .•• payments or ground ren�s on the Property, if eny; (c) yearly hazard or property insurance premiums: (d) yaarly flood
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<br /> �-__ � insurance premiums,if any; (e) yearly mortgage insurance premiums, if uny;and(� any sums payable by Barrower to
<br /> - -`-"°�� �� , ' Lender,in uccordence with the provisions of parugraph 8,in lieu of the payment of mortguge inaurance premiums. 7'hese
<br /> — n�.
<br /> '�"�'� items ar+e called"Escrow Items." Lender mn .at un timc,collect and hold FLnds in an amount na to axceed thc maximum
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<br /> _-�=�: • amount a lender far a federally related martgage loan may require for Borrowera escrow account under the federel Real
<br /> -�_;;:° ' Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C.¢2601 et scq. ("RESPA"),unless another
<br /> _�-�:�_.�.
<br /> 9.:�: law that applies to the Funds sets a lesser amount. If so.Lender may,at any time,cdlect and hold FUn s n an amount not to
<br /> -�`��.��� . exceed the lesser amount. L.ender may estimute the amount of Funds due on the basis of curtenl dwta and reasonablo -
<br /> �_��-�:.- . esNmatcs of expenditures of fWUre Escraw ltems or otherwise in accordance with applicable law.
<br /> -- ---- � • ���. � ` The Funds �hall be held in an instituQon whose deposits are insured by a federal agency.instrumentality, or entiry
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<br /> (including L.c�ude�,if Lend�:is auch m i�stftutiu•1 or in uny Federal Homo Loan Bunk. Lender shall apply the Funds to pay
<br /> -�-�"'�`w, the Escmw Items. I.ender may not charge Borruwer for holding and applying the Funds.annually analyzing the escraw
<br /> '""-T���:�� ' account, or vedfying the Escrow Items, unlesa Lender pays Borrower interest on the Funds and applicable law permits
<br /> �--��-�;�;, ,. . Lender to mt�ke such a charge. However,Lender may require Barrower to pay n one-time charge for an independent real
<br /> _�3�'-'""' eswte tax reporting service used by l.ender In connection with this loan,unless appltcable law providea otherwlse. Unless an
<br /> �� '���:,� • agreement ia made or applicable law requires interest lo be paid,Lender shall not be required to pay Borrower any Interest or
<br /> �;��,���� ' eamings on the Funds. Borrowcr and Lender may agrce in writing,howevcr,that interest shall be p�fd on the Funds. Lender _
<br /> -��,:��;t.; .,:, ahall give to Borrower. without charge,an annual uccounting of the Funds,showing credits and debits to the Funds and the
<br /> �,_,��,,;;;, purpose for which each debit Io the Funds was made. The Funds are pledged as additional securiry for all sums se�:ured by
<br /> __°__-�--�-�='�.' •_:�`� thic Secudty Instrument.
<br /> ..� �...s S.a �
<br /> 94� � lf the Funds held by Lender exceed the nmounts pertnitted to be held by applicable law,Lender shall account to
<br /> x,��;;, .,�., ,,, • Borrower for the exccss Funds in uccordAnce with the requiremenls of upplicuble law. If the amount of the Funds held by
<br /> =�-:rvf `� �' •. Lender ut any time ia not sufflcient to puy�he Escrow Items when due, Lender muy so notify Borrower in wrlting,nnd,in
<br /> `�•��',,, ���' • �� ' . such cnse BoROwer shall puy to Lender the amount necessary to muke up the deficiency. Botrower sholl make up the
<br /> " deficiency in no more than twelve monthly payments,at Lender's sole discretiun.
<br /> � ^"�� � Upon puyment in full of ull sums secured by this Securi�y Instrument, Lender shall promptly refund to Borrower any �
<br /> �,. ����. '�`,� , "",� Funds held by L.ender. If,under parugrnph 21,Lender shall acquire or sell the Properry,Lender.prior to the acquisi�i�n ur
<br /> . �•-;• � • . sple of the Property,shall upply uny Funda held by Lender ut the time of ucyuisilbn or sale as a credit against �he sums
<br /> _ , � ="''"" °' � secured by this Securiry Instrument. _-
<br /> �°�� ' ���'' 3. Appllcatlon of Paymen�v. Unless opplicablc luw pravidew Wherw•ise. all paymcnts rei:eived by Lender under —
<br /> "`' ° psuugraphs 1 and 2 shall be upplied:fir,t,tu uny prepoyment churges duc under�hc Nrne;�ccond,to umounls puyuble under ��
<br /> ...�; �..a.� pum�rnph 2;third,to intere,t due;founh,to p�incipul duc:und lutit,�u uny luie charge.r•due under the Note.
<br /> �,•� � 4. CharQest Liens. Borrower rhull pay all �axcx, ussc.xmcnt+, churge+, fine� und im�si�ionx uttdbutable to the
<br /> Propeny which muy atwin prfurily over this Security In.�n�mem, und leu�hold puymrms��r gmund mnt,, if uny. Barrower _
<br /> ^��° " xhnll pay these obligutions in�he manncr pruviJcd in purugruph�.or if'no�puid in ihat manncr,Bnrrower Khull puy them un
<br /> � ''�"•`•'' "`.' time directly to thc pers�m oweJ puymen�. Burn�wcr shull prompUy furnitih w Lendcr ull noticeti of umounts�o be puid under
<br /> , •r.ti• �> this pArugruph. If'Borcower mukes these puyments direcNy, Borrower xholl promp�ly fumi,h lo Lcnder receipts evidencing
<br /> .r : � �• ��:•� • the payments. —
<br /> ,,. .:�.;:., � Borrower shull promptly dischurgc uny lien which hus priority over thix Securily Inslrument unlesx Borrower:(n)ugrees
<br /> ��: ...� •• fn writing�o the p•rymen�of tl�e obligation�ccured by thc lien in a munner ucceptablc to Lender,(b1 contests in good faith the °°
<br /> ':�;,.., � lien by,or defcnds ugainst enforcement of thc lien in,legal prcxeedinga which in the Lender's opinion opernre to prevcnt the �_r'.::�
<br /> � �" `�;,�n „ enforcement of the licn;or(c)secures 1'rom the holder of the lien an ugreem�nt sutisfurtory ta Lender subordinating thc lien �
<br /> to this Security Instrument. If Lender de�emiines thot nny pun of�he Praperty iz subject to a lien which muy�ttuin priority
<br /> , r .�� , over this Securi�y Ins�rument,Lender muy give Borruwcr u natirc identifying the lien. Borrower sh�ll sutisfy�he licn or take _
<br /> one or mure of thc uctions set forth abovc within 10 days of the giving of nutire. :�
<br /> � S� HaxArd or Property Insurance. BnROwcr shull kcep 1he improvements now exisiin6 or hereufter erected on the
<br /> . . , , Propeny insurcd agninst loss by firc,haiurds includcd wi�hin thc tcrtn "cxicndcd covcrugc"and any othcr huzurds,including
<br /> y � , floods or floading.for whieh Lender requin:x insurnnce. This insurLnce sholl be muintuined in the umounts und for�he
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<br /> . • Form 1l28 9/90 q►aKe 2��JA pages/ � '
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