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<br /> TO�B7'HF.R WITH dl the improvomonts rww or herostur erocted on the property, and �II wements,
<br /> apptuten�nca�,u�d tirtuces nc�r or herettter�part ot the proporcy.All rcplacemente and�ddittons�haU deu be covered
<br /> by thi�Sacurtty lnawment,Ail oi the toroQoin�ie referrod to tn this Security Inetrument iw the"Property."
<br /> - BORROWBR COVBNAM'S thst AorroMec i�I�Nfu11y�ei�ad ot the astate heroby conveyed�nd has tt►e riQht to
<br /> �ant�nd vnnvey the Proporty�nd that the Property ie unenaumberod, except for encumbranoee ot record. Hormwer
<br /> -- atcnnta u►d will detend�er�r+Ily the title to the Property aptntt all cl�i ms and demancl�,�ubject to sny enaumbtances
<br /> - of r000rd. -
<br /> _ - i— THIS SL�CURITY INSTRUM�NT combines uniform covenante for nattanal use and nan'unitorm covcnanta with
<br /> limited vereetions by judsdictton to ametitute a unitorm eecurity iru�trument covaring real prnperty. �_ _
<br /> �b UNIPORM COVENANTS.Borrower md I.ender oovetunt and��roe se tollawa:
<br /> 1. P�yment of Yrincipal�nd Iaterest;Prop�yment�ad I.ate Cb�rtas.Borrower ehall promptly pty when due
<br /> ,,,__��,��_,�„� the ptlnclpd ot and inuroet on the debt evidenced by the IJote and any prepayment md late char�os due undrr the Note.
<br /> �,.,,,,�s„�a,.,,,.-� �. Funds for Taxes�ad Insuraace. Subject to applicable law or to a writun waiver by I.ender,&�rrower ehall
<br /> =��V`�����Y�,:;; y to I.ender on the day m�nthly paymanta�re due under the Note,until the Nou is p�id in iuU.a sum("Funds")tor.
<br /> 4•��=��,� (�a)yearly uxes and aseosamenta which may atuin priority over this Security Inatrument a4 a lien on the Property;(bj
<br /> �..�-y,,s�.:.�:..�•:,�..:v
<br /> ------_��,.:;.•� yurly le�sehold psyments or�round rente on the Propecty.if any; (c)yurly haz�rd or property insunnce premiums; — -
<br /> _ -_ �,,,,��r:";'t.� (d)yetrly pood insurance premiums,ii any;(e)yearly mort�a�e insurana premiums,if any;and(f)any sums p�yable
<br /> -- "'�='����--ei��s,.d} by HorroNer to I.ender,in�ccordanco with the provisiona of pan�raph 8,in lieu ot the p�yment of mort�aQe insurance
<br /> ,��Lt�.�� ';''. " promiume.'These iums an c�ilai"Eecrow Iums."Lender msy,at any time,colixt and hold Funda in an amount not
<br /> _:—�`���_'TT to ezceed the maximum amaunt a lender for � fedenlly nlated mortg��e twn may roquire for Borrower's escrow —
<br /> - :, ^--•�er`:. —
<br />_ F ���j.�u�w�.,: account under the iedeal Real�Esute Settlement Ptocoduns Act ot 1974 as amended from time to time, 12 U.S.C.
<br /> ,; ..�:.,,� Section ?b01 et seq. ( RESPa ).unless anothec law thtt appl�es to the Funds sets a lesser amount,If so,l,ender may, �
<br /> ' h' ••��• at any tim�.collxt nnd hold Funds in an amount not to exceed thc lesser�mrnmt.l.ender rtay estimate the amount of � _
<br /> � Funds due on the basis oi cun�nt dtta snd re�sonable estimites of expendituros ot futuro Escrow tuma or otherwise in
<br /> � accordance with applicable law. �,.,,
<br /> The Fundra sh411 be held in an institution whose deposits are insured by a federal aEency,instrumenulity,or entity
<br /> � (including Lender,if Lender issuch an institution)or in any Fedenl Home I,wn B�nk.Lender shall apply the Funds to �'._
<br /> . piy the Escrow Items.I..ender may not cherge Borrower tor holding and applying the Funds, annuslly analyzing the ��_~.
<br /> . escrow account,or verityinE tho Escrow Items�unless Lender pzys Borrower interest on the Funds and applicable law �""``
<br /> � permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an � °•.
<br /> �,��'��� independent real estate tax reporting service usod by I.ender in connection with thia loan,unles9 applicable law provides —
<br /> '" otherwise.Unless an agreement is made or applicable law requires interest to be paid, I.ender shall not be required to �''-�
<br /> pay Borrower any intercst or arninQa on tl�e Funds.Bonoaer and Lender may agree in writing,however,that�nterest �.�,—
<br /> shall be p�id on the Funds.Lender shall give to Borrower, without char�e,an annual accounting of the Funds,showing ;
<br /> _.. _ _ ,_._—_—_- ._:, , ��ta And d�bita tc�the Fundsand the purpose for which each debit to the Funds was made. fhe Funds are pled�ed as �-_
<br /> � additional security for�Il sums secured by this Security Instrument. _--
<br /> �� If the Funds held by Lender excced thc amounu permitted to be held by applicable Iaw,Lender shall account to F'��;:
<br /> ' Borrower for the ezcess Funds in accordance with the requirements of applicable law. If the amount of the Funds held �
<br /> by I.ender at aay time is not sufficie�t to pay the Fscrow Items when due,L,ender may so notify Borrower in writing, ;-;=
<br /> and.in such caser Borrower shell pay to I..ender the amotmt necessary to make up the de4iciency.Bonower shall make —
<br /> up the deficiency in no more than twelve monthly payments,at Lender's sole discretion. =.-
<br /> Upon payment in f�ill of all sums secured by th�s Security Instrument,Lender shall promptly refund to Borrower �"T
<br /> any Funds held by I,ender. It, under paragraph 21, I.ender shall acquire or sell the Property, Lender, prior to the ,
<br /> - acquisition or sale of the Property,shall apply any iTUnds held by Lender at the time of acquisition or sale as a credit 4
<br /> ��� „ against the sums secured by this Security Instrument. �` �..
<br /> ,,.�' , 3. Application of P�yments. Unless applicable law provides otherwise,ali paymeots received Uy I.ender under f
<br /> +� � ; paragraphs 1 and 2 shall be applied: first,to any prepayment charges due under the Note;second,to amounts payab(e
<br /> � ,• under paragraph 2;third,to i nterest due;fourth,to principal due;and last,to any late charges due under the Note. F.
<br /> 4. Cbar�es; Liens. Bottower shall pay all taxes,essessments,charQes,fin�and impositions attributable to the
<br /> ' Property which may attain priority over this Security Instrument,and leasehold payments or ground rents, if any. �•
<br /> � Borrower stiap pay thesar obligations in the manner provided in paragraph 2,or if not paid in that manner, Borrower
<br /> " shall pay them on time directly to the person�wed payment. Iiorrower shall promptly furnish to l.ender all notices of
<br /> ' amounts to be paid under this paragraph.If Bonower makes these pasments directly, $ottower shall promptly furnish .
<br /> _ to Lender receipts evidencing th�payments.
<br /> , Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a) ;
<br /> agrees in writin�to the payment of the obligation secured by the lien in a manner acceptable to I.ender; (b)contesu in �
<br /> . good faith the lien by,or defends against enforcement of the lien in,legal proceedings whi�h in the Lender's opinion •
<br /> operate to prevent the enforcement of the lien;or (c)securrs from the holder of the lien an agreement satisfactory to
<br /> • Lendor subordinatin�the lien to this Security Instrument.If I.ender determines that any part of the Property is subjc�:c
<br /> - ,, to a lien which may attain priority over this Security Instrument,Lender may give Borrow•er a notice identifying the
<br /> lien.Borrower shell satisfy the lien or take one or more of the actions set forth above�vitliin 10 days of the�iving of �
<br /> 4 notice.
<br /> ' ` � Fwm 302� 9/90
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