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<br /> -� - - � --�• 94- i01i74
<br /> TOOSfEiBIt WITH dl xhc tmprovemenu now or heraftec orected on tho property, �nd all aeements,
<br /> pppunenance��md fiYtura�now ot here�tter�parc ot tho pn�perty.All ropl�cement��nd add ti iane�hall aluo b�caveced
<br /> by thi�Secutity Insvument.All at the foro�oin�i�rofor,rod w In this Security Inotrument�e the"Property."
<br /> BORROWBR COV}3NANTS thst Horrower ie lawfully�ei�ed ot the eatate heroby convayod and h�s the rt�ht to
<br /> �twnt md oonvey the Property�nd thst the Property is unencumberod, except far encumbnnces ot record. Horco�ver
<br /> — warr+��Ns Ai�!will dbtend�ena��lly the tlde to th�Property a�tinatall claimt utd demand�,subjeot to�ny ancumbrances
<br /> _ oi rocotd.
<br /> — THIS SECURITY INSTltUM�iNT combines unitorm covenanta ior nationai ueo�nd non-unitorm wvenanta wtth
<br /> - limited vadations by Jurisdictlon to cocutttute a uniform aecurity inatrument coverin�teal property.
<br /> ���- u iINIPORM('OVI3NANTS.Horrower md I.ender oovenmt and�aroe�s follow�: _
<br /> .� � 1.Payment of Princlp�l and Interest;Prep�yment and l.ste Char�es.HorroNer eh�ll promptly pay when due !
<br /> � _____�� the principl of�nd inurest on the dobt evldenced by the Note and�ny prepayment and late chu�es duo under the Note.
<br /> . — 2. Funds tor Tares aad Iasur�ace. Subject to appltcable law or to a writtan w�iver by l.encbr, Borrower shdl _
<br /> ��i�r..- ---� Qay to Lender an the dty monthlyp�ymenu aro due under the Note,unttl the Nou ie p�id tn tull.a sum ("Funds")ior.
<br /> -�.�.��.�s;..�;,�� (a�yearly Uzos�nd�seessments whtch m�y attain priority over this Security Inatcument�s a lien on the Propecty;(b)
<br /> �.-;�.i3���t� Yearl y lessehold psymente or Qround renta on the Propetty.it my; (c)yarly hturd or property insuranco premiums; —
<br /> `- --_��;; ;�---- (d}yr,arly flood insurance promiurns,if any;{e)yearly mort�ago msurance ptemiums,ii any;and(t)any sums payable
<br /> �.��r�sd�
<br /> -- �=.—...;�- ,�, �_ by$orcower w I.ender,in accordance with the proviaiona ot pan�caph 8,in lieu oi the payment of mort�aQe insurance
<br /> "�x����•��ri R • premiuma.These iums Yre called 'F.�crow Items."Lender m�y,at any time,collect and hold Funds in an ar�ount not
<br /> � �` �� �s to eYCeed the maximum amount a lender for a faierally rel�ted mortgage lc,an may requin tor Borrower's escroa
<br /> .:.k.-•. �.:'ilu..,.7h
<br /> . . .y4�tiwl.9�ln-w..
<br /> �`!;_,�,,,,,i::�;,:,,,��;� account under the federal Real Esuta Settlement Procedures Act ot 1974 as �mended fmm time to time, 12 U.S.C.
<br /> �,�;•.;."::,.�. ��=�,•° -' Section 2601 et seq. ('RESPA"),unless another law that applies to the Funds sets a lesser amount.If so,Lender mxy,
<br /> �r -'.•�:4' '`=`, at any time,collect and hotd Funds in an amount not to excad the lesser amount.Lender may estimate the amount oi
<br /> '"� �:� � Funds due on the basis of curcent data and re�soneble estimaus of expenditurea at future Escrow Itema or otherwise in _.....
<br /> � � '` "" ` accordance with applicable law. �
<br /> � +` The Funds ahall be held in an inatitution whose deposits ire insured by a federal agency,instrumentality.or entity
<br /> , • ,`•; (including Lendar,ii Lender is auch an institution)or in any Federal Home Loan Bank.Lender ahall apply the Funds ta
<br /> ' � � . ;� puy the Escrow Items.I,ender may not charge Borrower for holding and applying the Fund�, annually analyzing the --
<br /> ' escrow account,or verifying the Escrow Items,unless Londer p.9ys Borcower inter�st on the Funds and applicable law
<br /> •� � permits Lender to make such a charge. However, Lender may require Borrowor to pay a one-time charEe for an
<br /> � � � independent real estau tax reporting service used by Lender in connection with this loan. unless applicable law provides �,�_
<br /> - otherwise.Unless an agreement is made or applicable law requires interest to be paid,L,ender ahall not be required to --�
<br /> pay Borcower any interest or earnings on the Funds.Borrower snd I,ender may agree in writing,however, that interest
<br /> shaU be paid on the Punds.I.ender shall give to Borrowsr,without charge,an annual accountinE of the Funds,showing
<br /> „ credits end debits to the Funds and the purpose for which each debit to the Funda was made.The Funds are pled�ed as
<br /> --_-_—_-_-_-__- -- edditional t���rity for�ll�umA�ecured by this Security inAtrument.
<br /> � Ii the Punds held by I.ender exceed the amounts pe;rmitted to be held by epplicable law,Ixncicr shal! ecc�unt to -
<br /> Horrower tor the excess Fiinds in accordance with the rcoquirements of epplic�ble law.It thc amnurt��f the�unds held ��4
<br /> by l.ender�t any time is not sutticient to pay the I3si:row Items when due, l.ender may so notify&�rrower in writinr, ���—
<br /> and,in such cese Borrower shall pay tu Ixnder the amount noc:e�sary to makc up thr deficiency. Hc>rrower shall make �-��
<br /> i up the deficiency in no moro than twelve monthly payments,at Lender's solc di�scretion.
<br /> Upon payment in full of all sums secured by this Security Instrument,Ixnder shall promptly retund tc,}iorrower
<br /> � any 17unds held by I.ender. If, under paragraph 21, Lender shall acquire or sell the Property, I,ender, prior to the . '
<br /> � acquisition or sale of the Property,shaU apply any Funds held by I.ender at the time of acquisition or sale as a credit
<br /> J� against thesums secured by this Security Instrument. �'
<br /> 1,; 3. Application of Payments.Unless applicable law provides otherwise,all payments rec:eived by I.cnder under � ,
<br /> ; ? paragraphs 1 and 2 shall be applied:first, to any prepayment charges due under the Note;second,to amoun�s payable F ..
<br /> under paragraph 2;third,to interestdue;iourth,to principal due;and last,to any late charges due under the Note. �
<br /> . 4. Ch�rYes; I,iens. Borrower shall pay all texes, assessmen�s, charges, finrs and impositions attributable to the � .:
<br /> ' Property which may attain priority over this Security Instrument, and leasehc>Id payrnents or ground rents, if any.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower
<br /> shall pay thern on time directly t�the per.son�wed payment.Rorrower shall promptly furnish to I.ender all notices of �
<br /> nmounts to be paid under this paragraph. If I;orrower makes these payments directly,Borrower shall promptly furnish ` �:
<br /> to I.ender receipts evidenci ng the payments. !
<br /> Borrower shall promptly dis�:harge any lien which has priarity over this Security Instrument unless$orrower. (a)
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Ixnder; (b)contests in
<br /> � good faith the lien by,or defends against enforcement of the lien in, legal prcxeedings which in the I.ender's opinion
<br /> operate to prCVent the enforcemem uf the lien;ar (c)secures frum the hulder of thC lie»an agreement satisfactory to
<br /> ' I,ender subordinating the lien to this Sect�rity Instrument.If I.endrr determine�that any part of the Property�is subject
<br /> � I to a lien which may attain priorit��over this Security� Instrument,I,ender ma�•gi��e Borrower a notice identifying the
<br /> ' ! lien. 13ormwer shall satisfy the lien or take one or morr of tha actions set fnrth abo��e within 10 days of the giving of
<br /> '� notice.
<br /> ` � � F�rm 302! !/90
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