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<br /> TOO�T}IER WITH�II the improvements �ww or henafter erected on the pmperry, and�!1 eaKments,�ppurtcrwnce�.�nd
<br /> fixture� now ar her+e�fter R pt�rt of the property. All rcplacament� u�d addition� shull alw bc covcmd by this Security
<br /> In�troment.All of thc forcyoing I�rcferred ta in thic Security Instcument as the'Property."
<br /> BORROWER COVENANY'S that Borrower ir• I�wfully reisod of the estwe he�eby conveyod and h�c the right to�rant�nd
<br /> rc►nvey the Pmperty uid ilwt the Property la unencumbcrod.exccpt for cixumbr�u�ces of rccuni. Bortawcr w�tc wnd will
<br /> defa�f geaernlly the dde to the Property rgainRt�II clwims and derrwndc,R�b,ject to Any encumbrsmcec of rocnrd.
<br /> THIS SECURiTY INSTItUM�NT cnmbines uniform covenants for nationul ur,e rnd non-aniform covens►ntc with limited
<br /> varlatians by Juri�diction to constitute w uniform sxudty in�trument rnvering rexl property.
<br /> - �---r --=� UNIFORM COVENANTS.Borrowcr und Lcndcr covenat►t and agrcc as foltows: —
<br /> t. P�ymeat ot 1'rincl�wl and Interat; Prepsyment and Iate Char�es. Borrower shull promptly pay when due the
<br /> princlp�l of ynd interest on the debt evidenced by the Note and any prepuym�:nt and I•rte ch�rges due under the Note.
<br /> �-- 2. Fund� for Taxes and InsurAnee. 5ubject to applicable Iaw or to a written waiver by Lender, Borrower sh�ll puy to
<br /> ' Lender on the dyy monthly puyments are due under tbe Note.untit thc Natc is paid in full.n sum("Funds")far: (u)ycarly taxes
<br /> and assesgments which n�ay attsin priority over this Security Instrument as u lien on the Propeny;(b)yearly leaschald payments
<br /> or gruund rcnts nn thc Property,if any;(c>ycarly hazard ar praperty insurancc premiums;(d)ycarly flood insurancc prcmiums,
<br /> if uny;(e)yeyrly rnorigage insurance premium�, if any; and (�any sums payeble by Borrower to Lender, in accordance with
<br /> the provi�ion►of Far�gruph 8, in lieu af the payment of mortgage insurm�ce prerniums.These items are caticd "Escrow Items."
<br /> _ L.ender�nuy, at any time,callect und hold Funds in ur� umount not to exceed the muximum amount a Iender for a foderally
<br /> �elot�f tnortgege loun may require for&�rrawer's cscrow account under the federul Real �state 5ettlement Pracedures Act of
<br /> I974 w emencled from timc to time, 12 U.S.C. Sectlon 2601 et seq. ("RESPA"),unless arwther law that appliey to thc Funds
<br /> r:etx u le�xcr umaunt. If so, I.ender muy, at any titne,collcct und hold Funds in nn emaunt nat to excced the lcsser amount.
<br /> L.endcr nwy estimutc thc wnount of Funds duc on the busis of current datu and reasonwble estimates of expenditures of futurc �
<br /> _ F.�crow Itcros or othcrwisc in accorduncc with applicablc law.
<br /> The Funds ahull be held in an institution whose dcpositr urc insureci by a federal agency, instrumcntality, or entiry
<br /> -�`��r� � (itxluding I.cndcr,if'Li:nder is such un institution)or in any Federul Homc[nan Bank.I.ender xhall apply thc Funds to pAy the _
<br /> Eurow Items. L.ender muy not charge&►r�ower far holding and rpplying the Fund�, um�ually anulyci�g the esemw acrount,ar
<br /> � " ' ' "" vetifying the Escrow Items,unlesz Lender puyti&�rrower interest on thc Funds and upplicablc luw perniits Lender to m�lce such
<br /> : a cha�ge. Howevcr, I.cnder tnuy requirc&inower to pay a one-timc churgc for un mdcpendent real etitate tax rep�rting servicc
<br /> uscci by 1.enJrr in cnnnection with this loan. unless applicable law providcs nthcrwise. Unless un xgreement is made or
<br /> ,,- �,;,_..,.. , upplic:�ble luw rcquins jntcrest to be puid, l.cnder shull not t�e reyuired to pay&�rmwcr any interest ur curnings on the Funds.
<br /> , '� �.�{' y &�rniwer and Lcndcr muy•rgrce in writing,howcver,that interc�t shull be paid un thc Fund,. L.endcr shull givc t�Borrc�wer, _....
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<br /> . .� without churge, en unnual rrrounting of the Fund., .howing creciits und Jebit� to the Funds•rnd the purp���e for which each
<br /> ticbii i.i ihe f ut��was tnade. Th�i'unJ.at'e plca�gc3 a,additiuuul��curi�y ii�r uH wmti xcural by this Security inxtrument.
<br /> <.,• '.;�.:��,- " . If thc Fundz hcld by l.cndcr cxcccd thc amountti permittcJ to tx hcld by applicuhlc luw, I.endcr shall account to Borrowcr
<br /> ,;�;'��;,�_,, ;,.. tiir the exre�s FunJs iii accord•rncc with the reyuirements of applicable law. If the,►mount of the Funds held by LsnJer at any
<br /> `-�'"'�:� °' tinx is nut suftiricnt to pay thc Escruw Itemti when due, I.ender muy�o n��tif'y&�rrower in writing,unJ,in�uch cuse&�rrower
<br /> yhull r to IAnJcr�hc umount neccssu to mukc u thc detirienc Borruwcr shall makc u the deticienc n no morc thun s"�
<br /> �,s:t., ... . P'Y rY p Y• p Y �
<br /> - . twelve monthly p•rYnkntti.at[.ender's solc discretion. --
<br /> - U�x�n payment in fuU ut'ull �umti ,ccured hy thi, Security Imtrumcnt. I.etxler �hall proniptly refund to Borrower uny
<br /> �. ' .�"�':'""'` ,; . Fuarl�hcld by[.cndcc If'. unJrr pt�ragruph 21, lAndcr,hall ucyuirc or scll thc Prciperty.[.rndcr. priur tn thc acyuisition or sulc �`
<br /> � ,�,�„�,,�, .��,, af'thc ProExrty,.hal l•rpply any Fu�xis hcld hy l.cndrr ut thc time uf'acyui,ition ur xulc ati u crcdit uguinst the sums secured by
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<br /> �� .. • this Srcuriry Intitrumcnt. ����
<br /> - • • • ' 3.Applicatinn uf Payments. Unlr.,applicablr law pruvidr+�uhcrwi�e.all paynzcntr reccived hy l.ender under paragraphs �. °
<br /> '~ �. 1 anJ 2 shall tk a li��l: tint, to un re u tnrnt char�r.�ur undrr the Natc:.ec�md,tu um��untti a able under ara ra h 2; r—
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<br /> � �"..'� • thirJ. tu intrre.t Jur: fi�urth.tu principal Ju�:und la�t.tn any 1.UC rhargc+duc undcr thc N�itc. �--
<br /> . • . ,�L�,._„�,, 4.('twr{t�w; I.icnx. &rrruwcr}hall pay all taxrs.a��c��mcntti. charErti. lines and im�xnitionx uttrihutahlc G+thc Pro�ny �` ``
<br /> � wNich may attain priurity u�•rr thi,Sccurity (ntitrununt. anJ Iraxh��IJ payntcntti i�r ground rent�,if any. Borrowcr�hall pay �°�
<br /> fi .; � thck��hli�utiun,in thc munncr prc►viJcJ in parugraph 2.��r if nut paid in Ihat manncr. Fi�irroacr tihall pay thcm un timr dirccdy —
<br /> �` . tu Ihe�xrWm uµ•c�l paynunt. &rrniw•�r tihall pr�mipNy furni.li t��Lrndrr all notirrti ol'amuunt�tc,he paiJ unJer thi�par•rgraph. �:.�.
<br /> — If li��rrnwcr nwl�c+dir„r:q�mrnt�dirrrdy. Burr��u•cr shall prumpUy furni�h tu LcnJrr r�wciptti rvidcncing thr p.ryment+. —F—
<br /> "�,; �` li�irruwrr tilr.ill rrnmptly di+chargr an� li�n whirh ha.priority u�•rr thiti S�tiurity Instrumrnt unlrtiti&�rrowrr.tu)agrecti in l�,�_.
<br /> _ . - '- w�rilinµt�+thr pa��mr�n uf dir��hli�:atinn�rrurcd hy thc lirn in a manncr ar�cptrhlr to I.enJer:Ih1�ontc�t� in F�xxl fuith thr licn
<br /> h ��r drlcnJ� a�.nn,i cntirrrrmrnt nt' thr lirn in. le �I r�krcJin�+ whirh in thc Lcn�cr', �i mi�m u ratr tu nvent thc �'
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<br /> � '°."' .- . , r�Huirr�iknt�d th�licn:ur Irl xrure�frum thr hulJrr uf thr lirn an agrecmcm,utisluclur� t��LrnJcr.uburdinuting the licn a� �''�
<br /> � J thi+ti��r�u•ity In�trumrnt. 11 Lrixic�Jrt�rminc+tha�uny rait ��t�thc Yru�xm• i,.uhjcrt tu a lirn whirh may attain priuriry u��cr - ---
<br /> th�,ti�rurit}� In.tr�tmcm. l.cn�lrr nu�r�i�c Burn�wcr a nutire idcntiljing �hr licn. Burrrntrr�h:dl ,atitit} thc lirn ur takc onc or �,-_
<br /> - uNxc�►I Ihc actiun�.ct I��rNi utx►v�within IU Ja���ul thc gi�•ing�il n��tirr.
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<br /> Form 3028 8/90 L
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