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<br /> 7�OOBYHBR WCfH�!1 the improvemeat�aow a be�+e�Ar eeecMd on We p�apa�ty.md dl ea�en�ot�,�Ca�
<br /> �ad lfuwea�wM or heee�Mr a p�t of the propnty. All npi�o�orw�MS�ad�dditiona�11 alw b�oov�nd by 1fw Sl�y
<br /> �.�tr�maat. �w of the ro�in{is rer«�oa w w d�s.c�icy I�o�moac..d�e•Prcperty."
<br /> BORROWFR COVBNAM'3 dNt Bon+ower i�I�wEWIy�eiaed of the�at�te ha+eby oonveyed wd fNS the djht to�nnt
<br /> aad convey the and thu the Prope�ty u wkucumbaed�ezcept for aacum6�ot record. Barmweu wrrta�u and
<br /> will defaid a�aetat�litle w the Property ydmt�tU cWmr and dem�.wblect W�►y aacwnbraoaa drocaed.
<br /> TMS SECURI'I'Y 1NSTItUMEIVT oowbine� uaifarta eovau�otr Wr n�tional uce uKt naa-udform covsnu�ts with
<br /> _r 1lmited v�ria8am by jtuisdjctfaa ta coriWtute s uMform iecurity iawwt�ent covain�reel propeety.
<br /> [JNIFURM COVBNAM'S. BoROwu aud l,ender oave�unt�nd�Cee M fdbws:
<br /> 1. P��nnat al Prindp�l a�d IMeee�t:Pe+eP�ya�at�d I.�h CY�rtr. Boaower�1!P�'a�Y P�Y when due tbe
<br /> p�{ocipal of�ad intae�t on tbe debt evidenced by the Note u�d anY P�MYment�nd late char�es due tu�de��he Note.
<br /> 2, FL�wY tor 71�u�a�i Gruea�ca Subject w applicable law or w a wriuen wdvu by l.endor.Bamwa�IW I p�y w
<br /> l.,ender on the dty monthlY MY�nts are due uader tho Note�until the Note b p�W in fuU.a awn("f�u�da") tor:(�)Y�Y
<br /> wcea u�d auessment+which may auein prIority uver this Security Ioswment�u a lien on the Prope�ty;(b)Ye�r1Y 1e+�ehold
<br /> p�yments or g�uund rents oa the Propaty. if�ay: (c) Y�Y ���ProP�Y � Promiwns: (d1 Yev1Y flood
<br /> ins�uance premiva�s. If any: (e) Y�Y�Q�Be inswa�ce piemiwias.if�ny;And l�any aurtu payabk by Sarower to
<br /> Lender,fa aeeordar�ee with the provislau of puagraph 8,ln Ileu of tne�yment of moctgaQe inaunnce pcemiums. 1t�ek
<br /> iums are called"Esemw Iums." L.ender may.at aay time,coUect and hold Fiu�d�in�n Amount not to excoed the rtwalmum
<br /> i arnount n lender for a federally related nwttgage lo�t may require for Borrowery escrow account under the feder�l Ral
<br /> I Estate Settlement Procedw�ea Act of 1974 as amendod from dme to dme,12 U.S.C..�1b01 et seq.("RESPA").unlas mother
<br /> lAw that applies to the Punds sets a lesser�rt�ounG If so.l.eader rnRy.at any time.collxt and hold Fvr�ds in u�unaunt not W
<br /> = excced the lesser amount. L.ender may cstimate the amount of Po�xis� due on the basis of cuirent�at�smd tea:onable
<br /> - ecdmates af expenditwes of futu�e Escrow Items or cxberwlse in accordance wItb appUc�ble lAw.
<br /> - � The Funds st�all be heid in an institution wbase deposits ai+e insural by a federal agency.imtcument�Uty,or eotity
<br />-- (including Lender.if Lender is xuch an insttmdon)pr in any Federal Home Loan BAnlc. [.ender slwll appiy ihc Funds to p�y
<br /> I the Escrow Items. Lender may not charge Bon+ower for holding and Applying the Fvnds,anmwlly analyzin� the escrow
<br /> account,or vedfying the Esemw Items, unless Lender pays BaYOwer intec�est on ttie Punds and applicoble law permits
<br /> Lender to nwke such a ch�rge. However.I.ender may requlre Bo�rower to pay a one-time charge fa pn lndepaxknt �+eal
<br /> ' estate tax�+eporting service used by Lender in connecdon with this loan.unless applicable law provides oct�erwise. Unkss�n
<br /> � agrcement is made or applicable law requires tnte�+est to be paid.l.ender shall not be required to pxy Borrower any inurcst or
<br /> -° " ; earnings on the Funds. Borrower and L.ender may agcee in wridng,however,that interest shell be paid on the Funds. Lender
<br /> - - shall give to Borrower,wtthaut charge,an annual accounting of the Funds,showing cndits and debits to the Funds and the
<br /> °��- purpose for which each ckbit to the Funds was made. The Punds arc pledged as addl8onal security for all sums securcd by
<br /> . ___ this Securlty Insuument.
<br /> ��.�.f��°::w�:�'�``� � If the Funds held by L.ender exceed the amaunts permitted to be held by applicable law, l.ender shait account to
<br /> ,.;�'�,,,.,;;;,�,�,,,,,r,; ,� Borrower for the excess Funds in accordance with the mquir�ements of applicable law. If ihe amonnt of the Funds held by
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<br /> ^'�•'�r, " • ;.,:.. � Lender at any time is aot sufficicnt to pay the Fsrraw Items when due,Lender may so notify Borrower In wdting.and,in
<br /> •c,�rc.�,�.•r.ar :ti.;'• such case Borrawer shall �y to L.ender the amount necessary to make up the deflciency. Borrower shall make up the
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<br /> '--�-,� �':w ,:?`•��'•''�;•:..�•, deficiency in na more than twclvc monthly payments,at C.ender's r,olc discretion.
<br /> ,,���;" ' � �{.��• ��• Upon payment in full of all sums secured by this Security lnswment,Lender shull prompUy refund to Borrower any
<br /> ' Funds held by l.ender. If,unckr paragraph 21.Lender shull acquire or sell the Property.Lender,prior to the ucquisition or
<br /> � sale of the Pro}xrty, shall upply any Funds held by Lender at the rime of acquisition or sale as a credit against the cums
<br /> �,��^ � secured by this Securiry Inswment.
<br />-` ;% 3. AppBcntbn ot Paymente. Unless applicablc law provides otherwise,all payments received by Lender undcr
<br />-�, '�'"'" � "`"" paragraphs !and 2 sha11 be applied:f irst,to any prepayment charges due under the Note;second,to smc►�mtc payeble under
<br /> '"'""'�'x''``'�'`"' paregraph 2;third,to interest due;fourth,to principal due;and last,to uny late charges due under thc Note.
<br /> `'�.~ 4. ChA
<br /> rges; Llens. Borrower shull pay all taxes, assessmenGs, chsuges, fines and impositions rttribuwblc tu thc
<br /> Propeny which may attuin priority ovcr this Sceurity Instrument,and leasehold payments or ground rents,if any. Bormwer
<br /> "°-°� ' shall pay thesc obligations in thc manncr provided in paragraph 2,or if not paid in that manner,Borrower shull pay them on
<br /> . , t[me directly to the person owed puyment. Borrower tihall promptly furnish to Lender all notices of amounts to be paid under -
<br /> ., d�is parugrapl�. If Burrowcr makes the�payments directly.Banower shall promptly furnish to Lender receipts evidencing =
<br /> • ' the payments. -
<br /> Borrower shaU promptly di.charge any lien which has priority over thi�Security Instrument unless Born�wer:(a)agrees _
<br /> , in wridng to the payment of the obligation srcurcd by the lien in a manner acceptable to Lender,(b)contrsts in g�wd faith the =
<br /> . . ' licn by,or dcfend.against enforcement of thc lien in,lcgal prckccdingti which in thc Lcnder ti opinion operrte to prevent the .
<br /> • enforcement of the licn;or(c)secures from thc holder of the lien an•rgrcement s•rtisfrctory to Lender sulwrciinuting the lien
<br /> to this Security Instrument. If Lrnder deterniines that any part of the Prope.rty i.subject to u lirn which may uttain priority _
<br /> . '` ._ }* over thi�Security InsUUment.Lendcr may give Borrowcr a noticc identifying thc lien. Borrowcr shall satisfy the lien or take =
<br /> • �. ane or morc of thc actions sct forth ubovc within 10 days of thc giving of noticc. _,
<br /> ' S. Hwu►rd or Property Insurance. Borr<�w•cr shall kccp thc improvcment�now rxisting on c�resfrer emcted on thc �
<br /> - �; Property insured against loss by firc,h;vards includrd within thc tcrni"cxtcndcd cnvcragc"and uny othcr h;uards,including �
<br /> '. ; ; � fioods or tlooding, for which Lender requims insurance. This insurance shall be maintained in the amounts und for the _
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<br /> Form J112tl 9�90 f/wKt 1��f 6�htRri) •
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