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<br /> ,� UNIFORM COYENANT9. Bortow�r�nd Und�r cov�nant�nd�pn���1oNows: B�� th�M promgiy P�Y whan dw th�
<br /> J 1. Paym�nt at Prinoipd awid Itttrn� PnP�Ym�nt�nd L.�b Ch�►�.
<br /> T ., prindpN ot and Inhrest a► th�d�bt�dd�nad by 1h�Not�rnd anY PnWYm�nt and Mts alwp�t du�undw th�Nol�.
<br /> "°''�•' .. �. Funds for Trx�s uid Inwr�nc�. AubJ�d to rW�1k'�Nw or to t wdtt�n w�lvu by L�ncNr. BoROw.r�h.r psy to �mdu o0
<br /> � �, • ' .� `,� th�d�y monthly paym�nU an du�undK th�Nob,untM tht Nob Is p11d In full,� wm('Funds')tor:py ywly taxs�and�ssMSm�nt�whkh
<br /> .", .�=rr1-,;-�•':`•K m�y attah prbrky ow►this S�curkY InWum�nt u a Wn on lh�P►opMty: (b) YMrN Iys�hdd p�ym�nt�or qround nnts on th�Fko��Ay, —
<br /> , H u�y; (a)YwH Iward or prop«ty Insuror►ce premtuma; (d!YM�fY Ilood inwnnc�prMnlum�.H any: (d y�N�a�Inwnnc�prNr�lums, -
<br /> ��:'.,:;.. ;�i,..,�->�.• K�ny; �nd(Q�ny wms pay�bl�by Borrowr to UndK.In accordrnc�vvith th�provlWons of puapnpl► 8.in Ww of th�paym�nt of morty�W
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<br /> L,.;,_:� ,,.. . -••. Inwrana prernium�. Tha�Nwnt�r�aY�d'E�aow It«ns'• L�nd�r maY,at anY tMn�,cowct�nd hold Funds In an amount not to —
<br /> Y..,� ths mu�num�mount a Indrr far a t�d�raly reUt�d mortq��Iwn m�y hquk�for Borrowor'�acrow�ccount und�r th�lM�rv Rwl
<br /> ��.;.f • Est�t�3�ttl�n«+t Roc�dur�s Acl of 1074 ai ammd�d han 1W►�to tkn�. 12 U.S.C.�2601 at s�q.('RE3PA'), unt�s��noth�r t�w that appll�t to
<br /> - '�`��� � ' th�Fund�s�t�+�Ie�s�r�mount. M sa,L�nd�r may,at any Um�,coM�ct and hotd Funda(n an�mount not to ucrw�d th�Nssu�rnount. L�ndK
<br /> "��' may estknata tha amount of Funds dw on th�b�sis of eurt�nt data md rrson�bl�nWn�t�s o1�xpnditur�s of futun Esaow It�rns ar othMwla _
<br /> •��'�; 1•° ., . . • '•' In accordance wRh appYcabl�kw.
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<br /> / ; Th�Funds shall ba hMd In �n hatNuUon whos�d�posits ue insund by a 1ed�nl ap�ncy.imtrum�ntality.or an1qY (IncM+dinq Lond�r M LmdK
<br /> ' is such an Im�tuUon) or in any 6�deru Hamt Gan Bank. Lendar shW �pply the Funda to pay the Escrow It�mt. LwndK may not ehary�
<br /> Bortower 1or hotdinp and oppyinp th�Funds,annwUy andydny th��scrow account or verify(nq th�E:crow It�rns, unt�ss Und�r pay�BorrowK
<br /> � � intwest on the Funds uid appllabi� I�w P�mits L�nder to m�ke auch�charga. Howwer,Lander rrwy nquf�a 8orrowrr to pay�onFtYn�ehu0�
<br /> fa an independ�nt real aUt�Uuc r�portinp swvke u:ed by lender in conn�ctlon wfth this►o�n,unl�ss appNcabt�kw provW�s othawist, Uni„�
<br /> an ayra�ment is rrNde a appuc�b�t law requlres interest to be pafd,Londar shaq not be required to pty Bortow�r my Int�nst or aamings on th� __
<br /> Funds. Bortow�and Lend�r may ayroa in wriGnfl, howaver.that Intenst thall 6e p�id on the Funds. Lendx sh�ll yNo to Barower,wfthout
<br /> chuye,+�n snnuai accountinp ol the Funds ahowlny credfts and debps to ths Funda and th�pu�pose for which woh d�bit to th�Funds
<br /> yvu made. The Funds ue pledyed as addlilonai securtty for all suma secured by this 3ecurity Insttum�nt.
<br /> If the Funds he�d by Lander acerd tha amounts parrtdtt�d to ba held by appUcabla law. LondQr�hall account to BoROwer for the wccass
<br /> Funds in accordanes with the raqukementa of appAc�bia law. It the unount of the Funds held by Lender ot any time is not auffld�r►t to pay th� _=
<br /> • Escrow Ilema when duQ,Lendet may so notify BoROwer in writlnq, and. In such caae Borrowsr shall pty to L�nder the unount n�swy to m� �.
<br /> up tha doflclency. Bortower ah�Y make up lhe de8clency in no mon than tweNo monthly paymants,�t Lender'a aok diacntton.
<br /> Upon payment In tuY of all suma secured by thia Securfly inetrumw�t,Lende��hdl prompUy nfund to Borrower any Funds hMd by L�ndr. N
<br /> und�r paragraph 21. Lender sh�A acquk�or sell tho PropeAy, Lende,p�iw to the acqulaidon or aate of tht Properry,shaN appy any Funds hNd �
<br /> by Lender�t the tkne ot ecquisiGon or sale as a credft againat the sums eecurad by thla Security I�sirument. �
<br /> � 3. Fippiic�iioii oi Piytiiarst:. Unlass appllcable lew grovkk+�Mhwrwlse.aA payments recalvad bY Lender undx p�rayraphs 1 and 2
<br /> ahall be�ppllad: flrat, to any prepoyment charqea due under ttu Note; secand,to emounts payable under parayr�ph 2;thkd,to int�nst dur,
<br /> tourth,ta principal due;end last,to any late oharqea due under the Note. __
<br /> 4. Charges; UYn�. Bortower shall pny all tazes,assessments,charpes, fines and impoeitiona attributable to the Property which may �. .
<br /> attain pdotity over this Secudty instrument,and leasehold payments ar ground rents,if any. Bortower shall poy thasa oblipationa In the manner W°,
<br /> providod In parayraph 2,or if not pald In that menner. Borrower sha�pay them on time directly to the person owed payment. Borrower shaq �t:
<br /> • prompliy lumish to Lender aA notices of amounts to be pald under this parayraph. If Bortower makes these payments direaty.BoROwar -
<br /> atwll promptty fumish to Lender receipts evidencing the payments.
<br /> � . Bortower shell promptly dfscherge a�y Ilen which has prlority over thls Security Instrument unless 9ortower: (a)�grees In wrltinq to the pay-
<br /> , ment of the obligelion secured by the Iien in a manner acceptable to Lender: (b) contests in good failh the Ilen by,or detenda aqelnet entorcement
<br /> of the Ilen In.Iegai praeedings which in the Lender's opinlon operate to prevent the enforcement ot ihe Ilen: or(c)aecures irom tho holdet of th�
<br /> Yen an A9reament antisl+ctory to Lender subordlnaHng the uen to this Security Instrument. if Lender determines that any part of thQ Property Is
<br /> aubJect to a Ilen which may atteln ptbriry over thls Secur(ty Instrument. Lender may give Borrower a notice IdantByinq the Uat►. Borrower shall
<br /> . saGsty the lien or take one or more ot the actions set forth above wilhin 10 days of the giving ot notke. ,
<br /> 5. Haucard or Property Inaurance. Borrower ehall keep tfie improvements now exlsting or heraafter erected on the Property insured
<br /> agelnst loss by fire. hetards Included within the term 'extended coverage'end any other hazards, including tloods or flaoding,for whlch Lender
<br /> requlres Insurance. TMs insurance shall be maintained In the amounis and tor the periods that Lertder requlres. ThQ Insurance cartier providinq '
<br /> the Insurance shall be chasen by Borrower subJect to Lender's approval which shall not be unreasonably withheid. It Bortower fails to mafnta(n 1`C_�
<br /> covereye descrfbad above. Lender mey. at Lender's option.obtain caverage to protect Lender's rights in the Properry in accordance with t
<br /> paragraph 7.
<br /> All Insurance poiicles and renewals shall be acceptable to the Lender and shall include a standard mortgaye clause. Lender ahall have the 4�
<br /> �iyht to ho�d the poiicles and renewais. If Le�der requires.Borrower shall promptly give to Lender all raceipts of peld premiums and renewal
<br /> notices. In the event of loss. Barcower shall give prompt notice to the inaurance wrrier and Lender. Lender may make proof ot Ioas H not mad� s
<br /> �, promptiy by Bonower.
<br /> Unless Lender and Barrower otherw�se agree in wriling.insurance proceeds shall be epplied to restoration or repair ot the Properly damaged,if
<br /> the restoretlon or repai is ecanomicaMy teasible and Lender's secunry is not lessened. H the restoration or repeir is not economically leasible
<br /> or Lender's security woutd be lessened. the fnsurance proceeds shall be apptied to the sums secured by this Security Instrument,whether or not .
<br /> then due.wflh eny excess pafd to Borrower. II Borrower abandons ihe Property, or does not answer withm 30 days a not�ce irom Lender that ihe
<br /> insurance carrier has atlered to settie a ciaim,then Lender may collect lhe insurance proceeds. Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by thls Security Instrument. whether or not then due- The 30-day period wfil begin when the notice is given•
<br /> Uniess Lender and Borrower othervvise agree In wriUng,any application oi proceeds to prinapal shall not extend or postpone the due date
<br /> ot the monthiy paymenis referred to In paragraph t and 2 or change the amount of the pa�menis II under paragraph 21 the Property Is
<br /> { acquired by Lender. F3orrower s nght to any insurence policles and praceeds resulting from damage to the Property prior to the aCquleltlon
<br /> Jshdl p�ss to Lender to the extent of the sums secured by this Security Instrument immedfately prior to the acquisilion.
<br /> t 1 c Aww��n�wnv. Pro�orv�l�d. Maintonanca and Protoction of tho Property;Borrowo�'s Loan Appflcation;
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<br /> Laaa�hotda. Bortower shall occupy. estaWish.ar�d use the Property as BorroN�er's principel residence+vithln sixty deys atter the execution ot
<br /> � this Securily Instrumenl and shaA continue to occupy the Property es 8arower s pnncipai res�dence fo�at Ieast one year after the dyte of
<br /> • accup�ncy.uniess Lender othe�wise agrees in writing. which consent shall not be unreascnebly withheid.or uniess exteauating circumstances exist
<br /> �� whfch are beyond Bortower's controi. Borrower shall not destroy.darnege or impair the F'roperty. aYOw the Properry to deteriorate, or commit
<br /> ' waate on the Property 6orrower shall be in default if any toAerture acuon or proceedinq.whether Cnil or crimmal.is begun that in Lender's good
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<br /> � �n�tl�<<m�i��� c..u�e �•�': Form 3028 9/90
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