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. .�� - :.r•- <br /> ... . ',y.�S�,�. .. •.,_' <br /> � ►• • - `i���..w. . . . :f:- <br /> �*d•nf/-•�r.�;r.+ar._. <br /> :n� . _.. __"_ __.�. <br /> . -..��.«-.-�•��..`- ".-• �� A' y <br /> ----�� TOC7ETH8R WITH�II the improvements now or htreafter erected on the property,und all eas�llts��d,and <br /> fixtures now or hereyfter a part oi the property. All rcplecements and udditions sball �Iso be coverod by this Socurlty <br /> - _ -�._�� lnstsurseent.!►1!nf the foregring i�rrferred ta in thic 5aurity Instrunxnt aas the"Property " _ <br /> BORROWER COVENANTS that 8orrawcr is lawfully seised of the est•rte hercby canveyed and tuzs the right to grant and <br /> _ convey the Property and that the Property is unencumbered. except for encumbranab of recard. Borrawer warriuits and will <br /> - -�°�,'— dcfend generally the title to the Property�guinst all claims and demands,cubject to uny cncumbruncex of rccord. <br /> - �" ` THIS 5�'CURITY INSTRUMENT combines untfarm covenunts far n;►tiorwt use:u�d non-unifarm cavenants with limited - <br /> - varfatluns by jurisdiction to ronstiwte u uniform security intitrument rnvering real propeny. <br /> - ' '�•* � •-•� (JNIFORA!COVENANTS.Rorn�wer and T.endercovena.0 and aFrec as follaws: _ <br /> •���w� � !, peytnenl ot Princi�l ami lntrrest= Prepayment and I.ate CiwrRer. Barrawer shull prc�mptly p•ry when due the <br /> :���'�:.,.� _ <br /> - principal of and interest on the dcbt evidenced by the Note:uul any prepaynxnt und latc chargcs duc axier the Nutc. <br /> --�— ""°�"�'-�`""7e'° 2. Fundc tor 'fAxes And IncurAnce. Subject to applicablc law nr to u written wuiver by I.ender. &irrower shall pay to - <br /> �a°`�'�"`'k-.» I,ender on the day monthly payments are due under the Note,until the Note i,paid m full,a sum("Funds") for: (a)yeurly taxes <br /> --"—•��'��'��� and a.r•sessments which muy attain priority over thi+Security Instrunxnt as u lien on thc Propeny:(b)yearly Ieawhold p:►ymcnts <br /> { ,.:,� . <br /> � °�"�• "'� S P� Y• Y• Y ' Y P Pe Y P ' Y Y P <br /> _ �` �.,�,� , or round rents an the Pro n if an • (c) errl hazurd or ro n insurance r�miums;td) earl Ilc►od insurance remiums. _ <br /> - -' qr„K�;.`;,�,;,;�;,,��. , if uny:(e) yearly mortgage insurance premiums. if uny: and(�any sums puyable hy Ro�rower to Lender. in accordance with - <br /> the provisions of paragraph 8, in lieu of the payment of mortgage iasurance premiums. Thetie items ure called"Ew:rc�w Items." <br /> ��. '..�•'""�°��'�`h�� Lender may, at any time, collect and hold Funds in an amount not to exrced the maximum amount u 1Gnder for u federally <br /> - °'"°'"""yr=1"'^=�_�.. related mon�age laan may require for Borrawer's escrow aceount under the federnl Real Estute Setdcment Procedures Act of <br />-`' + �`"`� `° � '" �� 1974 as amended from time to timc, 12 U.S.C. Section 2601 et sry. ("RESPA"), unless another luw thut upplics to the Funds � <br /> ... i`:afiu•.�:��'_+ ° <br /> . sets a Iesser amount. lf so, L.ender mny. nt any time,colleet ancl hold Funds in an umount nat to exceed the Iesser amount. _ <br /> ��- � ' �' - Lender may astimutc the amaunt of Funds duc on thc basis of current data and rea.wn�ble c.Qtimates of cxpcndiwres of future <br /> �� • :; Escrow Items ar atherwise in accordance with applicuble law. <br /> �'y . , � The Funds shall be held in an institution whosc deposits ure in.ur«1 by a f«icral agency, instrumentality, ar entity <br /> ,.� �' (including l.ender, if Lender iti such an institution)or in uny Federal Home Loan Bank. I.snder shall apply the Funds to pnp thc <br /> ��::��' - :� ;,�*, Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analy•r.ing the e.scraw accaunt,or <br /> _ � �: +� verifying the Escrow Items,u�less L.cnder pays Borrower interest on the Funds und applicabte law prrmits Lender to makc such <br /> ���:;�::;1"..G.. .,;r;,':'= a charge. However,l.ender may require Borrower to pay a ane-time charge for an irnlependent real e5tnte tax rep�rting service <br /> - ��. - used by Lencier in connection with this loan, unless applicable law provldes otherwise. Unless un agreement i� made nr <br /> ' ` "�� • �- applicable la�w rcquires interest to be paid, l..cnder shail not bc required to pay Borrower any interest or earnings on thc Funds. <br /> ,. ,,'�'Gt,ti�.�.:-: • ',:" Borrawer�sd Lender may agree in writing, howevcr,that interest shnll be paid on thc Funds. L,endcr shall givc to Borrower, - <br /> �'`�� �'� wlthout charge, an annual accounting of the Funds, showing crcdits and debits to the Funds and the purpose for which each <br /> `�`'��''`�"°, :`:'�". debit to the Fussds���miule.Thc Fands are pled;cd as addttIanal secarit;far al!sums se�ased by ttsis Securily lnstsument. <br /> '+ •- - . <br /> � If the Funds heid by I.ender exceed the umounts permitted tu be held by appticable law, I,ender shall account to Bonower <br /> ,.., _ for the excess Fun.is in accardance with the requirements of applicable law. If the amount of the Funds held by I.ender at any <br /> timc is not sufficient to pay the Escrow itcros when due.I.cnder m•ry w nntify Borrower in writing, and.in such c�.�e Borrow�er <br /> . shall pay to Lender the amount neccssary to make ap the deficiency. Borrowcr shall make up the deficiency in no mare than <br /> twelve monthly payments,at l.cnder's sole discretion. <br /> Upon payment in full of aq sums yccured by this Sccurity Instrument, 1.endcr shull promptly refund to &xma•er any _ <br />� , Funds held by Lender.If,under paragraph 2I, L,ender shall acquirc or+cll thr Prope�rty.Lender,prior to the acquisition or sale <br />— ' of the Property,shall apply any Fund.r held by Lender at the time of acquisition or sale as a credit Again�t the sumr necured by <br />.F;,• •. � _ <br /> __ � - �- - this Sccurity instrument. <br />._� � 3.AppUcafion of PAyments.Un(c+.spplic:►blc law pr�widcti uthcrw�i.c.all paynxnts recci�•��I by Lender unJer puragraphs _ <br /> _ . �, , 1 and 2 shall bc uppli��d: firrt, m any prcpayment churgc�Juc undcr thc Notr: .ccund, t��amounts payublc undcr paragruph 2; <br /> • ^ " third,to interest duc: fourth,to principal duc;and last,to any late rhurge�,due wxier thc Note. - <br />. �, 4.CI�arRes; Liens. Borrow•er tihall pay�II taxes,asu�.mentr, charge+, finc�a�uf impasitionr unributable to the Property <br /> � � , ' which may attain pri��rity over thi� Serurity Instrument, and Ica�ehold payment. c�r ground rent�, if 3ny. Borrnwcr tihall pay <br />- these obligations in the rnanner providcd in paragraph 2,o�if not paid in that manner,Borrow�er�hall pay them on timc dircctly <br /> ' • to the persan owcei paymcnt. Borrowcr shall prompdy fumish u�I_cndcr all noticeti u(amount.to tx paid under this paragraph. <br /> � If Borrower makcti thcse paymrnt.Jimctly. Borruwer.hall promptly furni�h a�[Ander rerriptti rvidrnring thc payments. <br />,� ,; �,�: Borrower shall prontpNy Ji.rhar�e any lien which ha�prioriry uver thi�Sccurity In.trument unlesti&�rrnwer: (a)a�rees in <br />•���`• *- �aT�'=• � writing to the payment of the obligation sctiurcd by thc lien in a m•rnner acceptablc to L.cndcr,(h)contc�t.in g�xxl faith thc lien <br /> � � by, or dcfcnds against enfnrcemeni of thr �icn in, Icgal pr�xceJing. which in thc Lrndcr'. �,piniun operatc ta prevent the <br /> '"` ` enforcement of the lien: or(r>xcurc�from the holJcr of the licn an agrrcmcnt�ati.fart��ry to landcr,ulx�rdinating the lien to <br /> �� :i._�..'' this Security instrument. If Lc�xlcr detemiines that any part of the Pmperty i�.ubject to u licn u•hirh nuy atta�n priority over <br /> n�;:.:,. . +: . this Security Instrument, Lendcr may givc &irrowcr a notice idcntifying thc licn. Bittru��•cr shuU Wti�fy th�licn i�r t•rke one ar <br /> :.: •_=•W more uf the actions set forth above within IO days of the�iving uf ni�tic�. <br /> � .,��.-.•---„ Fwm3028 8/90 — <br /> ...:.-.+� . <br /> Ppo 2 ot 6 <br /> _ EMl'-:�jY:_..�.. t . <br /> �..�1� <br /> �! 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