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<br /> TOOEIHER WITH�ll the improvemeota now a hereaftcr aoctod on thc p�+upectY.and dl eaaementx.aPPuncnanca+.
<br /> u�d flxtura naw or here�tter�p�ut of the propeny. All rcpl+Mxmenls and�dditiau�h�ll d�o be covemd by thl�5ecucity
<br /> IpstNment. All of the fa�e�oin�i�mfanod to in this Secwity Ia�t�urt�u ss the"Prapecty."
<br /> BORROWER COYE�[VANTS th�t Hcurowu is uwfully kisod of the estate hereby conveyed and hu the ri�f►t to�rant
<br /> �nd convey the Propecty�nd duu ihe Prop�nY is unenc�mberod.except for encumbrances of rxad. Borrowa wsrr�ata�nd -_-
<br /> = will defend aenerally the titie ta the P�+npeny�galnst�I!cl�irru and denwnds�:ubjxt to qny encumbnuices of rrcorci.
<br /> THiS SECURCfY 1NSTRUMENT combines un[farm covenants for n�tiwwl ust and non•unifam covenmt� with
<br /> --�—� limited vw�iWion►by Judsdlction w corutiwte a unifcmn secudry inswment sovering real property.
<br /> UNIFORM CQVENAIVTS. Borcower and Lender wv`������Borrower shs�l m tl when due th�e
<br /> �. Pliytaeat d Prindp�l�ad Ioterati PreM�nen Pro P Y PaY
<br /> — prtncipvl of�nd intrrest on the ifebt evidencsd by the Note and nr►y prcpzymnnt and late charyes due under the Note.
<br /> Z, Fbnd�tor'1lucea and G�wrsnca SubJxt to applicable low or to�written waiver by l.cnder.Boaowcr shali pay to
<br /> Lender on the dAy monthly payments erc due under the Note,untfl thc Note is paid in full,a sum("Funds")far.(a)yearly
<br /> wces and assessments which may sttain pdority over this Securi Inst�ument as a lien on the Propecty:(b)yearly leaselwld
<br /> paymcnts a ground rents on the Property. if any;(c) yearly or property insurancc pr+emiums; (d) yearly llood �
<br /> insu�ance premiums, if any; (e)yearly moctguge insurance prEmiums, if ar�y; and (�any sums payable by Bomnwer to
<br /> Lender.in accorclance with the provlsions of paragcaph 8,in lieu of the payment of mortgagr.insurence premiums. These
<br /> items are called"�scrow ltems." Lender may,at any hme,callect and hold Funds in an amount not to exceed the maximum
<br /> �mount a lender for a federally c�clated moctgugo loan may mqulrr for Borrower's escrow.account undcr the fGderal Real
<br /> Estatc Setttement Procedures Act of 1974 as amcnded from time to time,12 U.S.C.$2601 er seq.("RFSPA").unless anothcr
<br /> -- law that applies co the Punds scu a lesser amount. If so.Lcnder may.at any time,collect and hold Funds in an amount not to
<br /> _:,� --�- --- exceea the tesser amounc. L.etufer may e�cin�uu: �i�c mu�u��t �f P.,��Sa �uc ar. tt��c �.w�s af currcat �ts �:d re�onnb�e =_--
<br /> � ' a{; esdmares of expenditums af future Escrow items or ulhcrwise in accordance with applicable law. `
<br /> Thc Wnds shnll bc held in an institution whose deposits arc insured by a federel agency. inswmentality,or entity _
<br /> ,. '� (Including l.endcr.if Lender is such an imdtution)or in any Federnl Home Loan Bank. Lender shall upply the Funds to pay
<br /> - ow r fur holdin and a 1 in the Funds,unnually analyzing the escrow
<br /> � the Escrow Items. Lender muy not churge Borr e g Pp Y S
<br /> - . nccount, or verifying the Escrow Items, unless L.ender pays Borrower interest on the Funds and applicable law pem�its
<br /> �:,ra;.; - l.ender ta m•rl;e such a ch;uge. Howcver,Lender moy rcquire Borrower to puy a one-time charge for an independent mal
<br /> " '��`„ � F estete tex reportir.g service used by Lender in connecuon with this loan,unless applicable law pravides otherwise. Unlesc an
<br /> �'. �'' . �, ' ugrccment is madr or s►pplicuble law requires Interest to bc paid,Lender shali not be required to pay Borrower any interest or
<br /> . ' �' '�"^�-'�-'� camings on the Funds. Borrower and Lendcr muy agrce in writing,however,that interest sholl be pa�d on the Funds. Lender
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<br /> � x; , ► shalt give to Borcower,without char�e,an annu�l accounting of the Funds,�howing credits und debits to the Funds and the
<br /> t _;:.;..' purpose for which each debit to the Flmds was made, The Funds ure pledged ns additional securlty for all sumc secured by
<br /> , .:��:. .:;.� :` � thisSecurity Inctrumcnt.
<br /> � �° "x-:� If the Funds held by Lender ezceed the amauntx permiued to be hcld by applicable law, Lender shall account to
<br /> � � • � Bocrower for the excess Funds in accorciance with the requirement� ot appticabie faw. if[he amounc of ci�e Funds heid by
<br /> , �'��;�,'•�• l.ender at atty time is not sufficient to puy the 6scrow Items when due, [.cnder may w notify Borrower in writing,and,in —
<br /> � -•. , such case Borrower shall pay to Lender the amount neceswry to m•rke up the deficiency. Borrower shAll make up the
<br /> ' deficiency in no more than twelve monthly payments,ut Lcnder's solc disrretion. -
<br /> � Upon�ayment in full of all sums secumd by this Security Insuument, Lender shall promptly refund to Borrower tiny
<br /> " ..- • Funds held by Lender. If.undcr paragraph 21,Lendcr shall acquire or.ell thc Property. Lender,prior to the acquisition or
<br /> ' , , sale of the Property. �hall •rpply any Fundc held by Lender at the time of acquisition o�wle as a credit aguinst the sums _
<br /> -- � � secur�ed by this Security Insuument.
<br /> 3. Appl(cation of Pstyments. Unless •rppticable luw provides otherwise, all payments mccived by Lender under F
<br /> �- • � •� paragraphs 1 and 2 shall bc applied: first,to;►ny prepayment charges Juc uncicr thr Note;+ccond,to umounts payable under F;=:�-
<br /> - �;� puragraph 2;third.to interest due:lourth,ro pnnc�pal due;and lasi,to any lute chuges due undcr the Note. 4_
<br /> �, •�"°""" , 4. ChArges; Liens. Borrower shall pay ull taxes, a,sessments, chargeti, fines and impo�itions attributable to the °���
<br /> ' Property which mAy attain priority over this Sccurity Inswmcnt,and leatiehold paymcnts or gmund rents,if any. Bonower ==•-
<br /> �� sh�ll pay these obiigations in the manncr provided in pur.�gruph 2,or if not paid in that muuner,Borrower shall pay them on �'•
<br /> " � ` teme dircctly to the person owed payment. Bnrtowcr shall promptly fumish to Lcnder All nuticeti of amnunts to be paid under �_=..;
<br /> thic paragraph. If Bono�ver makes thece paymentti directly,Borrower�hall promptiy tum�.rh to Lender receipts evid�:ncing � _,_
<br /> �•._
<br /> - the payments. --
<br /> , •. Borrawcr shall prompdy discharge uny licn which ha.priority o�•cr this Sccurity Instrumrnt unlcys Borrowcr.(s)agrecs ?''-
<br /> - in writing to thc ps►yment of the obligation sccurcd by thc lien in a manner acceptablc to Lcnder.(b)contcsts in good faith the �-�_
<br /> - $;_'��. ° lien by,or dcfcnds a�ainst enforcement of thc lien in,ILgul pnx�tiding.which in the I.cndcr;opinion operate to pmvent thc
<br /> enforcement of the lien;or(c)cecures fram thc holder uf the lien an ugreement tiatisfactory to Lende�tiubordinating the lien
<br /> ,''�' ` to this Securiry Instiument. if Lender determines that :►n rn of the Pro rt i.wK�rt to•r licn which ma attain riorit .
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<br /> �, � r over this Sccurity Instrument,i.cnder m•ry bivc Borrowcr u noticc idrntifying the lien. Bortowcr shall satisfy the lien or tuke
<br /> ' .M:.•�� • one or more of the actions set fath above within 10 dayy of the giving of notice.
<br /> � �,r � 5. Hazard or Property Insurance. Borcowcr.hall kcc}�the imp�ovemcnt�now existing on c�rcaftrr crccted on thc
<br /> . ' Property intiumd again�t los+by fire,h:uurds includcd within thr tcrm"extenJcd cover.�gr"and any othrr harirds,including
<br /> _� �' � floods or flooding,for which Lcnder requircs ir►murancc. This insurunce shalt be muint�ined in the amounts and for the �
<br /> '� , � Forn�3U21i 9l90 ((�uKe:nf A�txrs) .
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