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<br /> Toc�BTHBR wrrH tl��he impnovana�now or nero.rter e,�eaea on ab p�op�aty.ana v�e�uaneiw.�,�oa
<br /> � A�cW�now or benafler • piut of tho propaty. All rcpl�xnts and �dditfons �luil dta be covend by Ihis Sew�lty
<br /> In�tmnxnt.All af the foro�ain�i�r�efenod w fn this Serudty Inctrument�tho"Property"
<br /> � BORROWBR COV�NAMf9 that El�irmwer ir Irwfully seiced of the esu�te her+eby oonvuyod and h�tho ri�ht to�rant and
<br /> canvcy thc i'raperty and that tlsa Progerty is ur�encumbercct. nzcept f4r encumbrenc�es of n�rnrd. tinnr►wer werr�nts und wjll
<br /> defend gen�lly the tiqe to the PropertY�galnst�II claims wnd demnnda,wbject w any eocumbrnnccs of racord.
<br /> THIS SE�URITY iNSTRUMBNT oombines unifurm covenants for nwtional usc and non•untform coven�ttr wilh Umitad
<br /> � vulatio�by jurisdiction to rnnstiwte A unlfam secudry inctrument rnve�ing mal property.
<br /> UNIRORM COVENANT3.Bomower nnd Lendorcavenant and ugrx as iollowa:
<br /> l.Prnyment ot Priacippl aad lptere�t; Preppym�ent ond Lpte ClwRes. 8omawer shall promptlY paY when duc the
<br /> principal af and intercst on tlte debt evicknccd by thc Notc end any prepwyment end late charges due under the Note.
<br /> 2.Fu�ds tor T�uces ond losurpnce. Subjecl to applicable law or to a w�ftten waiver by Ixnder, Bomnwer shall pay to
<br /> Leider on the day momhly pnyments arc due under the Nnte.until the Note is pnid in full.a sum("6unds")for:(a)ycarly uucd
<br /> and assessrnenta which may apain priority over this Securiry Instrument as a licn on tho Property;(b)yearly leasehald paymentr
<br /> or ground rent.s on the Propeny.if any; (c)yeul y hazard ar property insurance pmmiums;(d)yearl y flood insurnnce prcmiums,
<br /> �I`I', ' � �. if any;(e) yearly mortgage i�usurance premiums, If s�ny; and (f1 ciny�sums payable by Harmwer tc. Lender, in accardancc wlth
<br /> � � � thc provisions of paragraph 8, i�lisu of the payment of mortgage insurence premiuma.These items�r+e called"Escrow Items.'
<br /> `"` I.cnder may,ut any time, callect and hold Funds in an amount not to exceed the maximum amcwnt a lender for e federally
<br />- ,,;;,.:. : �!`� ` rclated aiortgage loan may require far Bornnwer's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> ;;,�` • • �,,,,�.: 1974 as umanded from time to timc. 12 U.S.C.Section 3601 er seq. ("RE5PA"),unless another iaw that applies to the FundA
<br />-"�''•1 � , •a..,,„ sets a ksser amaunt. If so, Lender may,al any time.callect and hold Funds in an amount nnt to exceed the lesser amount.
<br /> � :���'• -:-:F L.ender may estimate the amount uf Funds due on the bacis of current data and reasonable estim�tes of ezpenditums of futuro
<br /> �T �'� M`� �`y�{��� r Escrcsw flems or otherwlsc in acrnrdance with applicuble luw.
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<br /> �-•�;•�°T�;�� The Funds ahall be held in an instiwtion wh4se deposits are insured by A federal agency, instrumentaliry. or entity
<br /> r.� r..:,,;..py';•.
<br /> ��:s;���• ° � " (including l.ender,if Lender is such an instiwtion)or in s�ny Federal Hnme Loan Bank. l.ender shall apply the Funds to pay thc
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<br /> _ , � � E.ccrow Uems, L.end@r may not chargc Burrower for halding and applying the Fund�,annually anaiyzing the escrow a�w�uum,or
<br /> ' ;,;,: r ' : .j� ' verifying tha Escrow Items,unless Lendar pays Burrawer interest on the Funds and applicable law pcmnits I.ender to make such
<br /> �; � „' .,,:' a chargc.However. L.ender may requfre BoRawer 10 pay n one-time charge for an independont real eatu�e tax reporting rervice
<br /> �.,. � •�:•, � :, used by Lende� in connection with this loan, unlass applicable law� provides othervvise. Unless an agreement is made or
<br /> •��wz�'�:''�r-. ' applicaMe luw reqaires interest to be paid, l.endcr shull ncx be requirod to pay Borrower uny interest or eamings on the Funds.
<br /> 9�rrc+wer s�nA!.4n�ler m�y agrec�in wriNn�•,however. �hat i�temc�chall be paid on thc Funds. l.ender shall give ro Borrower,
<br /> � � ,' . without churge, an annual uccounting of the Funds. ,Ix>wing credits r�nd debits to the Fundx und the purpose for which each
<br /> ", • • " de6it to�he Funds wus made.Thc Funds are pledged us additional sccurity for all sums securcd ty this Security in�trument.
<br /> . "� ,,, '. ' If'Ihe Funds hcld by Lendcr exceed the urtmunts permitted to be held by upplirable law, Lender shull acrnunt to Borrower
<br /> ''.';^c;';•� �` � for tha excess Funds in uccardance with the mquirrments of applicable luw. If the amount of the Funds held by Lender at any
<br /> ��� } :�"��''�'��S � time is not sufFcient to a tl�Fscrow Ttems when due. L.ender ma So n��tif Harrower in v►�ritin utui,in quch case Bc�rrower
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<br /> ., shnll pay to Lender the umount neccwsary m muke up�he deficienry. Borrower�hull muke up�he deficiency in nn more than ��"�.
<br /> �'�' ` � � � ' twelve m�nthly puyments,at I.ender's solc dir,cretion.
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<br /> •�;• � 4 Upon puyment in full oP all sums xecureJ by thiti Securiry lnxtmment, l.ender xhall prompdy refund to Borrower any
<br /> '` Funds hald by l.ender.If,under puru�raph 21, I.endcr shall acquirc or sell Ihc Property,L.cnder,priar to the ucqui+ition ar�ale
<br /> jjt . " . of the Property.shall npply uny Fund. hcld hy Lendcr at�he timN of acquitiitinn ar wle as a credit against the sums�uretl by
<br /> ° • `' " Ihis Sewrity Instrument. •
<br /> ' .f;�. ;�a�- • �� 3.Appllcatbn oP t'aymQntR.Unleti�upplicuble luw providcti othenvisc,ull paymentx recei��ed h�•Lendcr undcr pura�rnphs •�,�cr+
<br /> �;�'� . ,,. I and 2 shall be applicd: first, to uny prepuymcnl churgc.Juc undcr thc N�nc; kconJ, ta amiwnt�payuhlr under purugrnph 2; �4
<br /> �� • � : • I third. ta interc�;t due;fnurlh,to principul Jue:unci la.t,tu uny latc churgc.due under Ihc Nolc.
<br /> i,.`: " �_..'`. : A�Ctwr�rs; l,kns. 8onower .hull pi�y uU tuxc�,u.r•�e.�mcnt�.churgc,. lini,�aixl impu,iiiouti ottributuhle�u thc Property
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<br /> � '%`�°�'�' ��` � which ma atwin riorit ovcr thir+ Scrurit Imlrumrnt, und Icu.rhold � ments or rvwnd rent,, if un . &�rrow•er shull a• t.,���
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<br /> ��',,.;�� ' � �hese obli�ts�ic►ns in the mtmncr proviJcd fn puru�ruph 2, nr if ix►t paid in�hut m•rnncr.Bnrruwrr shall puy them on time directly
<br /> � • - ' „•r to thc pertion owcd puymcnt. B��rrowcr tihull pri,mptly� furni,h t�� l.rndcr all n�nirc.uf umuunt,to tx puiJ un�kr U�i�paragr�ph.
<br /> ���`, L' ' • If Borrower muke.thetic u nx�nt.JircrN . &►rrower tihull rum Q I'urnish to IAnJ�r rrrri 1�eviJencin the r�ments.
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<br /> . • .., � �' &irrower shall promptly di�rhurge uny licn whirh luu pri�irity ovcr this Sccuriry In.�runun�u�ik.s&�rr���vcr:(al ugrees in
<br /> . .. writing�o the puymcm of�hc nbligation wrurrd by thc lien in u nwnn�r urrcpluMe 1u L�nJcr: Ihl rontr��.in g�tixl fai�h the lien
<br /> •'':`: • , by, i�r Jefcixls agaimt enl'orrrment ��t'�he lien in. I�EuI pr�xcrdin�. x�hich in �hc Lrnder'ti ��piniun uperu�c t�� prevent the
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<br /> : r._ � enfirrremcnt of�hr lirrr ur Icl,ctiun� f�rom thc holJrr nf Ih� lien an agmrmcnt.a�i�liirlury tu Ixnder+uMmiinating thr iien to
<br /> �.T;�.. ' , _ ,>• Ihis Security Imtrun;cm. If l.cndcr dc�crn�iik� �hsU anc part �il�hr Pru�xrry i. �uhjrrt to u lirn��•hi.h roay aauin pri�iriry�wer
<br /> :��� �` ';`",. � " this Se��urity Intitrumem. LAnJcr muy�ive Burra���rr:►n.,lir� iJ�n�il�ing U�r lirn. B�xru��•cr,hiJl tia�itil'y Ihc lirn or tuke ane or
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<br /> � �9+;••. � � • more of�he u�tiunh set I'unh ulwvr within I U Juy.��f Uh givin�of m�iicc. �;''= .;'r
<br /> S�•('�-• • Form 3028 9/90
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