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<br /> 'PQUB'I'HBR WITH�11 the improvemeet�now or hm+e�tta c7+ected an the pta�Ct�j.�ind d110 O anw�y�+,�uttenances•
<br /> wd flxwroa now a hieroaftar�p�rt of the ptapeny. All repl�cemeou aad addltiau�ll alw be cova�ed by thi�5ocurity
<br /> Ia�utrtent. AU af the foroQoin�Is nafmtrd W in thi�Sccurity Imwrnmt�the"Propetty."
<br /> BORROWER COVENANTS th�t 8ormwer i�lawfully�ei�ed of the c�tate hereby conveyed wd hu�he riQht to arxnt
<br /> and convey the Pn�perty�nd thst the Praporty ic unencuntberod,except fa encumbr�ncea of rocord. Borrower wumnta�nd
<br /> will dafend�enerally the titk to the PcopeRy�dnu dl claim�and demand�,wbJoct to a►y encumbranxs of rocord.
<br /> THIS SECURiTY lNSTRUMPNT combines unifam covenants fa naqonul �tse and non-u�fortn covenmts wlth
<br /> T '-"T —�"�"�' limitad vuiadoa�by j�ui�ction W caudwu�unifam�ecudty inswment covuing nal property. --
<br /> UNIPORM COYBNAM'S. Bonower and Lender covcnant md agra ss follows:
<br /> 1. Pl�yment ot Prindp�l�nd Iate�t=Prep�ymeut u�d I.ote Cbuga. Borrower shall promPtlY pay wheo due�he
<br /> princi�of and lnt�xest on the deb►evidencod by the Note and any prepayment and IAte chargec duc undcr ihe Notc. _
<br /> I�aL tor'ILxes�nd Iawr�u�ce. SubJect to appltcable law or toa wrltt�n waiver by Lenckr,Barowa sh�ll pay to
<br /> Lender on tho dwy monthly payments are due undcr the Note,undl the Note Is paid in full,a sum("Funda") for: (a)yearly
<br /> _ _ wxes and assessmcnts which may att4in priority ovcr this Securiry Instrument as a llen on the Prapenyr: (6)yeuly leasehold __
<br /> paymentc or ground nnts on the Property.if any; (c) yearly hazazd or property Insurancc premlums;(d)yearly flood
<br /> insu�nce pnmiums, If any;(e)yearly mongage insutAnce pt�emiums. if any;and(� any sums p�yabk by Bocrower to
<br /> Leader.In accordance with the provisions of paragroph 8. in lieu of the payment of mortgage lnsurance premiums. These
<br /> items an called"Escrow Items." I.ender may,at any time.collect and hold Funds In an omount not to exaed the maxImum
<br /> amount a lender for a federally related mo�tgage loan may requic�e for Horrower s escrow account under the federal Rcat
<br /> Estate Settlement Procediu+es Act of 1974 as ameixi�d from t�me to time, 12 U.S.C.$2601 et seq.�"RESPA').unless another
<br /> ,;;,;"^ law that epplies to the Au�ds cets a lesser amount. If so,Lender may,at any timc,collect and hold Funds in an wnount not to -
<br /> exceed the lesser amount. Lender mey esdmatc thc amount of Punds duc on th,:basis of cumcnt dau :u�d reasoaable -
<br /> .� estimates of expenditures of future Escrow Items or otherwlse in accordance wi�h applicable law.
<br /> The I�nds stwll be held in nn institut�on whose deposits are insarcd by a federal agency. insuvmcntaliry, or endty
<br /> � '�;r�����:+.,���.'� ,- (including I.ender.if Lender js such an lnstitution)or in nny Federal Home Laun Bnnk. Lendcr shall apply the Funds ta pay _
<br /> . 'f '�'° ` the Escrow Items. Lender muy nat charge Borrower for holding and applyeng the Funds.annually analyzing the escrow _
<br /> � , �.,.w. „ account,or verifying ttie F.scrow Items,unless Lender pays Barower interest on the Fhnds und applicable law pertnits �
<br /> � ,�.y� ;� Lender W make such u charge. However, Lender may requi�Borrower io pAy a one-time charge for an independent real
<br /> �-i�;-ti:•• estate tax reponing service used by l.ender in connection with this loan,unless applicable law provides othervvise. Unless un
<br /> � '`3 agrcement is mAde or applicuble law requires interest to be paid,Lender sfull not be required to pay Borrower any intemst or
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<br /> ° eumings on the Funds. Horrower and I.endcr muy as�ec in writing,however,that intcrest shall be paid on ihe Funds. Lender �,,,
<br /> '� '��'"��'�•�`� shall give to Bomower,without churge,en unnunl accounting of the Funds,showIng credits a��d debits to the Funds and the
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<br /> , A �Ys.�iw..., ..... �, -
<br /> :N.�,^��:•,,,�.�.�-.•,,, .=: purpose for which exh debit to the Funds was made. The Flmds are pledged as addlttonal security for all suma secured by
<br /> ` � •.�.�' `;;�,:,;; this Secudry Instrument. -_
<br /> , , � � If the FLnds hetd by txnder exceed the umonn�s pemutted to be heid by appiicable iuw. l.ender si�ali account to
<br /> ;,�;��, _ Borrower for the excess Funds in Accordance with Ihe rcquirements of applicable law. lf the amount of the FLnds held by
<br /> ; , Lender ut any time is not sufficient to pay the Escrow Items when due. Lender may so notif��Borrowcr in wriung,and,in ____
<br /> ' , such case Borrower sholl pay to Lendcr the amount necessary to make up the deficiency. Borrower ahnll make up the �„�.
<br /> , deficiency in no more then twelve monthly payments,at i.ender's solc discntion. __.
<br />- • '� Upon payment in full of all sums secured by this Sccurity Instrument, Lender shall promptly refund to Borrower any --
<br /> . • - � Funds hald by I.endcr. If.under paragraph 21,C.endcr shall acquire ar�II the Pruperty,LrnJcr,prior tu Oic;acyuisition ur -_=
<br /> __ . . . sale of the Property, shell upply uny Funds held by Lender ut the time of acquisition or sale as a credit egainst the sums -�
<br /> ...;, . , securW by this Security Inswment. -'--
<br /> . .. 3. Appliattion of Payments. Unless upplicablc law provides otGenvixe, all payments received by Lender under ��T�.
<br /> '�� ara ra s I and 2 shall be a lied: first,to an rc uvment char es due under the Note:second,to amount� able under �•'�
<br /> •..:.�:..-�:;.. . .'''. P R Ph PP Y P P . R • P�Y � -°
<br /> -�r` ' . � paragraph 2;third.to interest due;fourth,to principal duc;and last,to uny lue charges due undcr the Note. �_ _
<br /> °�' ° � • � 4. Chatges; Liens. Borrowcr shall pay nll taxes, assessments, charses, �nes and impositions anributable to the --_
<br /> �' Property which may attain priority over this Security Instrument,and leaschold paymcnts or ground rents,if:�ny. Borrower �-
<br /> shall pay these obligations in thc manner provided in paragraph 2,or if na pnid in that manncr,Borrowcr shall pay them on E--�-
<br /> � �'�."��"'" � �" time directly to the person owed puyment. Barower shall promptly fumish to Lender al l notices of amounis to be paid under r;•.
<br /> ` this paragraph. if Borrower makec thcsc payment�directly,Borrowcr shall promptly furnish to Lendcr receipts evidencing �:s=
<br /> � the payments. ���,�
<br /> ' Borrower shall promptly disch�rge uny lien which has priority oeer this Security Instrument unless Bortower: (a)agrees --
<br /> - in uritiog to the payment of the obligation�ecumd by the lien in a manner xceptable to Lender;(b)rontests in good faith the �=:-_
<br /> -' - lien by.or defends ngainst enforcement of the lien in,Iegal proceedings which in the Lender'ti opinion operate to prevent the -_-_
<br /> � - �"`� , enforcea�ent of the lien;or(cy secures from the holder of the lien an agceement sutisfuctory to Lcnder subordinating the lien "
<br /> �•�;,.r�� to this Security Instn�ment. [f Lender determines that any part of the Property is subjert to a licn which may uttain priority �
<br /> ' ,• _ �� over this Securiry Instrument,Lender may Five Borrower a notice idrntifyipg the licn. Borrower shall satis(y the lien or tuke �_�,`
<br /> �-� ,y�;;.r one or more of the actions sct forth above within 10 days of thc giving af ndicc. =�
<br /> S. Hazerd or Property Insurance. Borcower shall keep thc improvementti now exi,ting or hereafier erected on the "3c�
<br /> -y, ,�. � Property insured aoainst loss by firc,hazarcis incl udcd within thc tcrm"rxtcndcd covcragc"and any othcr huards, includins
<br />-� floods or floc>ding.for which Lender reyuires insurunce. This insuri►�iec+hull Ix maintained in the s�mounts and f'or the :
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<br /> Form 3026 9/90 f�x�ge 2 njb pug�sl
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