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<br /> � $4-10���4
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<br /> TO(3ETHER W1TH all the improvements now or f�er+aAex e,nected on the property,and all ercanenao.�punen�rkes,�rd
<br /> fixtura nuw or hercafter � p�t of the property. All nplaoernents ond additians �h�all �l�o be wvpad by this Sxurity
<br /> Gut�umertt.All of the fore�ofn�ig refen+ed to in thia Security Yrutnunerit as the"Propcny."
<br /> 60RROWER CdVENANTS tl�t Borrawec is lawfully�ised nf the at�tc Fxrcby oonveyal and hn9 the right to�rAnt and
<br /> oonvey the Property ard tfut tbe Property is unencumber+ed. exce�t for enrumbru�cex of raord. Aorrower warra�ur and will
<br /> defGnci genaAlly the title to the Property ags�in.ct pll claims�xi demands, subject to�ny mcumbrAnce�of rocord.
<br /> 'PHIS SECURITY INSTRUMENT ccxnbines anifonn covenwnts for natiawl use�nd non-uniform coven�nt�wlth limitod
<br /> vuiatians by jurisdictian to uonstitute a unifonn security instrument covering rcxl property.
<br /> UNiFORM COVENANTS.Barraw�r and[.ender covenuu and ag�ee az:fall�ows:
<br /> 1. Payaunt ot Principol and Interesi; Prepoymeat and I.nte Clu�t�e�. 8urmwer slu►il promptly puy whcn due the
<br /> princi{xrl af anJ intercu on the debt evidenced by the Note Bnd any prcpayment and late charges due under the Notc.
<br /> 2. F�unda tor Ts�xes and Insur�nce. Subjcct to ypplicable law or to a written waivcr by [.encier. Borrowcr chull pay to
<br /> Lcnder on the day momhly p�ymcnts are duc undcr the Note,until the Note is paid in full, u sum('Funds")for:(a)ycarly taxes
<br /> end�.ssessments which may attain priority aver thi5 Security Instcumcnt as a Uen�n the Property;(b)yearly leaschold payments
<br /> or ground rents o�the Property,if any;(c)yearly ha�ud or property insurance premiwns; (d)yearly flaod insurance premiums,
<br /> if any: (e) yearly mortgage insurance premiums, if u�y;und(�nny sums payablc by Horrower to I.ender, in accordance with
<br /> the provisions of paragtaph S, in lieu of the payment af mortgage insurance premiums.These items are called "Escrow Items.'
<br /> _ Lcnder may, at su►y time, rnllect and hold Funcls in an amount not ta excced tFu maximum amount a Ienr.ler for a foderally
<br /> related mortgage loan may rcquire for Borrower's escrow account under the federal Real Estrte Setticment Procedures Act of
<br /> 1974 as unended from time to tin�e. 12 U.S.C. Section 2601 cr seq. ("RFSPA'),unlcss a�xNher law that applies ta the Funds
<br /> scts a lesser amount. If so. Lendcr n�y, at any time, caitect and hold Fundx in nn amount not to cxceai the lexscr amaunt.
<br /> �� Lendcr muy estimntc thc amount of Funds duc on the basis of currcnt data and reasoruible estimatcs of expenditures of futurc
<br /> Escraw Items or otherwise in accordance with applicable law.
<br /> - �:�,�.�,.'.` • Thc Funds shall he held in an institution whore depc>sits are imured by a fedcral •rgenry, instrumentuliry, or entity
<br /> (incfuding Lender,if Lender is such un institutinn)or in uny Federal Hon�e Loan Bank.Lender.r•haQ apply the Funds to pay the
<br /> •.a� - •` - Esemw Items. l.ender may not charge Bc�rrower fi�r holJing and applying the �unds, annually:u�ulyzing the eticrow acrnunt,or
<br /> �:'•.�;.�.,,�;,.��+�
<br /> at.S� verifying the Escrow Items,unles�l.encier puys Rorrower interetit on the Funds und applicable law permits I.ender to r►wkc,uch
<br /> �'��' a charga However,Lender may require fiorrower to puy a one-time chargc for un indcpendent real estatc tax repurting service
<br /> �''�;��'��`�r�r' used by i.ender in connection with this lo•rn, unlrs, applicable law providc+ cxherwitic. Unless ;�n ;�grcement ix madc or
<br /> `�""''` applicable law requires imerest to be paid, I..ender sh•rll not be required to pay Bc�rrower any interest or earning.�►n the Fundti.
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<br /> �� ;�y;�;-�; y.,a,;;. Borrower�ncl L.ender may agree in writing, hawevcr, that intcrest shall bc puiJ on thc Fundti. L.cndcr shull givc[o &,rrowcr,
<br /> . without ch:�rge, :�n annual xcounting of the Fund�, tihowinF credits�nd debits to the Fundr:�txl the�u��� G�r w���•� �d�•�
<br /> " �.'���^ + � . debit to thc Funds was n�adc.Thc Fund,are plcJged as additional.cwrity for ail tium.scrured by thi�Sccurity In.trument.
<br /> " ,.�.�••-�• " If the Fundti held by Lender exceeJ thr umountti permitteJ to!x hrld by applicable luw,l,ender�hall account to&irr��wer
<br /> .<�°.•- •. , for the exeetis Funcls in accardance with the reyuirententti e�f applirahle law. If the amuunt of thr Fundti held by Le►uier at any
<br /> , . • �' time is not auffiricnt to pay thc Ekrow ltcros whcn dur,l.�;ndcr may��nutify&irrnwcr in writing,anJ, in�uch catir&+rrow�rr
<br /> • slmll pay tu L.ender the amount nece+sary tu makr up the Jelicicnry. BaROwer shall make up the Jeticiency in no m��rr than
<br /> �V... ...�;,.�- ., twelve nxmthly payments, at Le�xier's sole diurction.
<br /> � •- - : � Upon paymcnt in full of•rll tium+ tiecur�Yi by thiti Scrurity In.trument, Ixndcr �hall prumptly refwxl to &�rruwcr�ny
<br /> - ' Funds hcld by I.etxicr, ff', unJrr paragraph 2 I.I.rndrr.hall aryuirc��r ticll thc Pm�xrty,l.rndcr,prior tu thc uryui.iti�m ur,alc
<br /> �`;` ' • 'r of thc PraExny, shall apply any Fund�hcld by l.ender at the time��f arquisition cir.ale•rti a credit againtit the.��m+.ecured by
<br /> -�,� �T '� "-�" ' thir Sccurity In�trumcnt. _
<br /> �;., ' �.. . 3.Applicatim�of Payments. lJnlr,s applir,ihlr law pru��idr.��thcra•itic. ull paJnunt� reccivcd hy LrnJrc undcr paragraph+ -
<br /> . . .,,� I anJ Z .hall bc appli��J: tint. tu any�Srepayuknt rharge.duc undcr tBr Nutc:kcon.i.tn amount.payablc unJer paragraph 2:
<br /> •��• - third,to intcre+t duc: ti�urth,tii principal Jue;and la.t, to any latc chargr.Jur unJcr th�Nc�tc.
<br /> ::'•'+ .. 4.Char�eti: I.iem. [3urruwcr shall pay aU tase.. a,.c„mcnt.. chargc,, fin�.and im�xi.itinn,uttributahlr to thr ProFxrty -.
<br /> _ . . . . which may attain pria�ity ovcr thi� Scruriry Imtrumrnt. .Itl� ICU�CIIUIII �1:1)�IllClltti „r �;ruund rent�. if any. &�rruwrr .hal! pay _
<br /> thcse obligatiunti in thc man�xr pr����id�d in para�ruph 2.ur il'nut paid in that ntan�icr. Rnrr���orr,hall pay them��n time dircrtly
<br /> � to thr perum owcd paymcnt.Burrou•er,hall prumpdy furnitih tu Lrndcr all nutir�,n!'amnunt�tu tk paiJ undrr thi�paragraph.
<br /> If&�rrowcr m•rkr.r�hrtir payntcnt.�lirertly. l3urc�iwcr,hall prump�lv 1'urni.h t��LcnJ�r rcrriptti evidrnrin�thr pa}nuntti.
<br /> __ . .. �- •� Burrou•cr�hall prcnnntl�•.li+churgr any lirn w•hirh ha.priurit}•��v�r thi�Securit�• In�,trutncnt unlc,ti Horr��wrr. (a►agrcc,in
<br /> �,^.{'e - writing to the pay�urnt uf theohligutiun�rrurcJ hy thc licn in u mannrr:irr�ptahlc tu Len�lcr, iM c��ntetit.in g�wKl faith thc lirn
<br /> �r hy. ur drfc�xlti agaimt cntiur�mrnt ut' thc lirn in. Irgal pr�kecding. wliirh in thc Lcn�irr'. ��pini�,n n�xratr tu prccent ihr �
<br /> .'�•�' . cnt��rrcmcnt��f the lierr��r Ir� ,crurc.tn�m thc huldcr u1 thc lirn an agrrrmrnt.:�ti�t'art��r� t�,Lrndrr,uhurdinating thr licn a� -
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<br /> thi� Security In,trunicnt. I��Lender Jcterminr.th.d any part of the Pro��rt}� i•�uh�crt tu:� lien �+h�rh nr.n•:�ttain priuriq u�•cr
<br />- thir Scrurit} In.rrwnent. L.rndcr m;i} givr H��rrnacr a n�uirr idrntit�ing thc I�rn. finrt�����•r.h:ill ,atitity thr lirn ur taF,r��n�i�r `
<br />-x ! ; : n�rc of thc a�ti�m��rt fiirth ab�rvr w ilhin 10 da��ti of thc giving��f n��tirc. -
<br /> " � Form 3028 9/90
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