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<br /> T0C3ETHEIt WITH�ll the improvementc cww or herc,�fter eroctod on the propeny. and oll eo�enxnt�. �ppurtenwica, and
<br /> fixwra� ni�w ut hero�fter r put ��i'thc property. AII rcplscement: ud dditloru ih�ll wlro bo cuver+a! by thls Secudty
<br /> InrwnKnc.AU of tho fnre���in�ir refemai to in thir Socurity I�utmment�r the'Prope►ty.'
<br /> BOR ROWEit COV LNANTS that&�rruwer i►l�wfully�cisod ui tiu c+t�ic hcreby conveyod unJ tu�the rl�ht tcr�rHnt su�d
<br /> i convey the Pn►peny ux1 that the F'r��peny is unencumbcml, exccpt for crxumbronrcc��f r�r�ird. Bnrrower w�rrantr�td wlll
<br /> - drfe�W Qenerully�he title t�,the Property�y��in�t�►II claims�ixl Jen�ixls.wbjat tn rny encumbrances of rccnrd.
<br /> THI5 5ECUitITY IN5TRUMENT cnmbine�unifotm rovenNnts fi�r twtianal use Ynd nun-uniform covensuit�with limited
<br /> � v�riwiuna hy jurir�iirtion to ron�titutr r uniforn�scruri�y imtruir�ent rnverfnK reul property. � �
<br /> � UNIf�ORM COV�NANTS.&�rn�wcr�rxl l.cixlcr rnvenunt�nd uKrce u.s follows:
<br /> � " , � • i,P�ymeat ot Princippl �nd Intcrati fh'cpaymcnt und l.ah Clw��{a+. &�rmwcr shu11 promptly puy whru du¢ the
<br /> -- ��-. ;:_. princjEwl uf mid intere�t nn the deM cvidenced by thr N��te:�nd uny prc�ynx�n und late ch�rgc�duc wxlcr thc Notc. �
<br /> � �R":'� 2.Funds for 7'axea�nd Ineurance. SubJect to applicable lAw or to a�wrUten wuiver by I.erxier. &�rrowrr�hull pwy In
<br /> �u�+i;;jt;4�;�;-
<br /> ""�" Lenderon tix day nwnthly Ewynxnts urG duc u►xicr thc Note,untN thr Nac is puid in!'utl,a sum("Furxi.r"� ti�r: (u►ycarly t+�xes
<br /> —��'`�--�`j`�==�'� and atisesrments which may uttuin prfority ovcr tMs Sccurity Instrunxnt us u Ilcn«n the f'roperty;(b1 ycarly Ic;4relxild p•ryments �
<br /> ��-�, •;'i}. •ih ar mund rents on thc Pro n ,if un ;(r) carl h:uwrd or rc� rt insurana nmiumti;(d) e,►rl ilcxid in�urunrc remlunu, �
<br /> ��,.:f 8 P� Y Y Y Y P P� Y P Y ' Y P _
<br /> ��:.:;�:.._:,..,.,.,, if wty:Ie► ycurly n�rtguge insurunce premium�, if uny;anJ til uny sum�puyuble by&�rrower u�l.eixler, in ucrurJa►xe with —
<br /> �'-�-`�'�' the provisiunc of parugraph 8,in licu af the puynxnt of m�rtguge insuruncc preniium�.ThcK items arc callccl"Exrc�w Itcros.'
<br /> . t�;;_:` • � I.ender muy,at any time,collect und hold Funds in un anx�un► not tc�cx�oed the m•rzimum umcwnt a lender for a federally
<br /> _ __i��� : �� ��• x. relatod morigage loun may reyuire for&irrowcr's exrow uccount under the federul Reul�stute Setdement Pr�redures Act of _
<br />- ,�.:•k��.• �+ -�r�� I974 usarncnd«I from tinx:u�time, 12 U.S.C. Sectiun 2601 er si•y. 1"RESPA"),unle��unathcr law that applic�to thc Funds —
<br /> � •�":�:A=-•�'=�= sets a le�.�er anHwnt. if M�, I,encler muy, ut any time,a�llrct aaJ hnld Funds in um m�uunt nut to exceed the Ies+cr unwun�. �-_
<br /> �"�`� l.ender m�y estimate the umount of Furuis due im the bu.�is of current datu oncl rcawnuble estinwte�af expenJiwres of future —'
<br /> Escrow Items or othcrwisc in ucccirdunce with applicablc law. —_�
<br /> 'I'hc 1Funds shull lx hclJ in an imtitution whosc dc�x�sits �rc in+ureJ hy u fcdcral agcncy, instrumcntality, or cntitp �
<br /> . (including Lencier, if Lender iti surh un inxtitution)or in any Fcdetul Homc I.o•rn Hank.I�ixlcr shall upply the Fwxlr to p•r�• the �~
<br /> Escrow Items. Lcnder�nay mit charge Bnrrower fi�r h��lding und upplying thr Furni�. unnually analy�iag thc cxruw arcuunt. or �_
<br /> verifying thc Escrow Items,unless l.ender payti&irrower intcrest on the Fund�und upplicuhlc luw pcnnits L.cixicr ta nu►kc such
<br /> a chargc. Howcvcr, Lcrxicr may�cyuirc&irrowcr ti�pay •r�mc-time churge fnr ;ui inJc{xndent real estatc tax rc�x�rtin�; urvicc �'�
<br /> uscd by I...endcr in canncction with thi� loan, unles� upplicahle tuw provideti otherwitic. Unlctiti un ugrccinent i. mudc or �
<br /> upplirable law requircs interetit ta bc paid, Le�xler shull not tx:requireJ to puy B�xrc�wcr Any intere,t or carningti i�n thc Fund�. =
<br /> Bormwcr and [.cndcr may uBrcc in writing,howcvcr,that intcretit tihull hc paid on thc FuncJti. I.crnlcr shull givc to &►rrnwcr. —_
<br /> _________ __ _ withnut ch�rge,an unnuul•rrcountinc of the Funds. �howing �r�iits urui Jehit�to the Funcis aixi the �ur�xitie fix which e:�ch =
<br /> debit tu the Funds wa�mi+de. The Funci+are pledgcd a�additicmul�rcurity tix al l sums serurui by this Scruriry Instrwncnt. �
<br /> . I f the Funds held by[.rnder exreed the amounts permittcd to fx�held by a�plicahle law. I.endcr tihall account to&mower
<br /> for the cxcess Funciti in uccorJance with the reyuirementti�if upplicable law. If the umount e�f the Funds hcld by I.e�xler rt�ny
<br /> timc is n�u ,ufficicnt to puy thc Exrow Itcnu whcn duc.Lc�ndcr may �o�x�tify B�xrowcr in writing,and,in.uch ra,c&�rruwer
<br /> shall p•ry tu 1.enJer the umount necc.:ary to makc up thc deficicncy. &�rrciw•er shull m:tke up the Jcticiency in no more than �
<br /> twelvc nx�nthly paymcntti,at l.,cndcr'�tioly disrretion. __
<br /> � Upon payment in full of all sums sccurcd by thiti Scruriry Instrumeni. Lcndrr�hall promptly rct'unJ tu B��rmwcr uny �"
<br /> Funds held by L.ender.If',under paragruph 21, Lender.hall ucquirr�►r.ell t h¢Pra�ny. Lcndcr,prior to thr aryui�ition or tiale �
<br /> �� of thc Pro�xrty,,hall apply Any FunJs hcld by L.cndcr ut thc timc��t'acyuitiitinn ar salc uti u crcdit against thc sums.rccured by ��:;
<br /> '��� this Sccurity lntitrumcnt.
<br /> i�; 3.Applicatlon of PAyments. Unlc��applicaMc law pruviJr.uthcrµiti�,alt paymcnt+rcccivcd by L.cndrr unJcr paragraphs .:
<br /> 1 and 2 shull bc applicJ: fint,to uny prcpzymrnt rhargc�Juc undir thr Ni�tc: �ecnnd,to•rmowuti puyablc undrr puragraph 2;
<br /> • third, to intcrext duc;li�urih, t��prinripal duc:and latit,tu any lutc churgc,duc u nJcr thc Nutc. }.s
<br /> ' . 4.Ch�r�cc; I.iens. &�rrowcr shall pay ull tuxeti,a.�rti�mrnt�,rhargcti,6nc�anJ im�x��itions attrihutuhlc t��the Propeny �
<br /> � which may attuin priority ovrr thiti Scrurity Intitrwurnt, anJ Ica.chold paynxnt.or gr�►wxl rentti, il'any. &ttruu•cr�h:dl nay .
<br /> • these��bligution,in the manner pru�����a�►,r�r����ri��.��r�r�,�,��uid in thut m.amcr. &�rrowcr tihall pa}•them on timc dirertly
<br /> to thc person owcd paymait. &�rn�wcr tihuU prnmpdy furni.rh tu Lcndrr all nnticc+i�f am�wnt+to hr paid unJcr thi�paragraph.
<br /> : If Borrower makes the.r paynuntti�irertly.Burrower.hall prumpd�•1'urnitih tn I_end�r rccciph eeidenring thr paym�nt,. .
<br /> Borrowcr�hall prumptly di.rharEr an�•lirn u•liirh hati priorit�• uvcr Ihi�Sc�urity In�trumcnt unlc.�Burru�vrr:lut agttc� in
<br /> writing to the p•ryment oT the obligution sccur�d hy thr lirn in a manncr acreptaMe tu LenJ�r.1h�runtr.a in giaxl faith Ux 1 ien
<br /> ' �� by. or detcnJti J�JIIUI rnli+rremm�t ut� thr licn in. Irgal pr�uecdin�� ohich in ih� Lcnder'. upininn u�x�atc ta pre�•cnt the �
<br /> enforcenxnt ut'tlk licn: or Irl�rrure,t'rom thc huldcr of thr licn an agrccn�cnt ,ati�tact�►n t�,Lcndrr ,uhordin:iting thc lien k� ��t
<br /> _ this Sc�urity In�trumcnt. If L�ndrr�l�trrminc� thcd an} part�if thc PruExrty i�.uhjrct t�� a lirn ��hirh ma�• auain priurit�•o�•cr f
<br /> '� this Securiry In,trumcnt. Lendcr may givr B��rruarr a notirr iJcnti(�•ing�hc hcn.B�irru�ticr.hall�uti�li�thr lirn��r tikr onc or
<br /> x, more of thc actions�et furth 3lxivc a•ithin 10 Jayti uf thr giving ul'nutirr. �
<br /> i Form 302B 8/90 '
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