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<br /> 'i`0(iFiT�iL�R WiTH all the improvemcnte r.ow ur i�eieARer ei•ected on tho p�aperty��nd all csscmcnte�nppa���cca�atd
<br /> _' __= flxtures now on c�rcaRcr a part of thv pr�perty. Aii r.pluccmcntr► and �Aclttloas ehnfi al�n bo rovcr�d by ttiia Scctt�ity
<br /> - "�--�— instrument.All of tne foregoing ie rcferncd to ia thfs Securtty InstNment ea tho"Propetiy," �
<br /> BORROW�R CGVBNANTS thQt&in�owaT iA t4wlldly selacd af tho�.�tatc hcreby conveyal iuxl hae the rfght ca arant�
<br /> oonvey the PropGrty end that the Property in unei�cumbered. except far encumbrxnces of rccurd. Bc�rrower warrnnte rnd Iq
<br /> — -----��-- def�nd gcncrally tho dt{o to the Rt�peny a�alest all clatm�aed demande,eubJect to nny eno+�mbrunce9 nf re�card.
<br /> THIS SECURITY 1NSTRUMENT cambinea uniform covenants for naNanal uxo und non-untform covenante wl�h i{mitod
<br /> g- ----- -� vnrintia��s by judsaicdon ta cunatitute b uniform securiry instnimcnt oovcring real property. �-
<br /> UMFORM COVENANTS.8orrower and Lender cavenant und ag�ee�.9 followa:
<br /> 1. Fayment af IMncippl and Inteeesl; Pcepaymtnt and I.ate Chargrs. Borrow�r shull promptly puy when due the
<br /> -.' principal of and lnterest on the debt evldenced by the Note anct any prepayment and lute charges due ander the Note.
<br /> _,.n� 2. Funds for Tnxes And Insut�tnce. Subject to appiicable law or to n wtitten waiver by Lender.�orrower chatl pay W
<br />-_�-;.�`�� Lender on the day monthly payments ere due under the Note. untit the Note is paid in thll.a sum("Funds")for:(a)yeurly taxes
<br /> -`�= end assessmenta which muy attain prioriry over this Securlty Instrument as a lien on the Property;(b)yeurfy leasehold payments - -
<br /> ..Y�..
<br /> :;� �- or ground rents on the Pr+aperty.if any;(c)yearly hazerd or property insurance premiums;(d)yearly tlood insnrance pre.-nlums.
<br /> ��`r�'� if any:(e)yearly mortgage insurance premiuma. if any; and (�any sums payabte by Borrower to i,ender. in accardance with
<br /> -� tho pmvistons of paragraph 8, in Iteu of the payment of mortgage lnsurance premiuma. These items are call�d "Escrow Items."
<br /> Lender may. at any time,collect end hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> ' related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as amended fmm time ta time. 12 U.S.C. Sectton 2601 et seq. ("RESPA'). untess another law that appliea to the Funds
<br /> ` -- . --� sat�a i�i w�wu►�t. If;o, i.Ender maY. at anY tfmc. callcct sutd halQ Fuad:in sn snmuat aot to ezceed the lesser sm�nt. -
<br /> . ,�,.�fF;��,�� I.ender may esdmato the amount of Funds due on the basis of curcent data end reasonable estintates of expenditures of fltture
<br /> °''' ' ' Escrow Items or otherwise in accordance with applicable law. ---
<br /> °����-:���+;:;�';r�,''' The Funds shall bc held in an institution whose de sits are insured b a fedcral a enc , instrumenteli
<br /> �,. P� Y S Y ry. or entity
<br /> � ; .� •� � (Including L,endcr. if L,ender is such an institution)or in any Federal Homa Loan Bank. I.ender shall apply the Funds to pay the
<br /> ;�';�,;';;•� -�•'; : . .. Escrow Items. i.ender may not charge Barrower for holding and applying the Funds,azmusily analyztng the es�row account.or
<br /> �• � verifying the Escrow Items.unless Lender pays Borrower intereyt on the Funds and applicable law permits Lender to make such _
<br /> ' a char�e. However.Ixnder may require Borrower to pay a one-time charge for an independent real estate tax reporting service .,�,
<br /> . ' •• . � " used by L.ender in connection wlth this loan. unless applicable law provides otherwise. Unless an agreement is made or
<br /> ; „ � applicable law requires interest to be paid, L.cnder shall not be required to pay Borrower eny interest ar earnings on the Funds. '
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<br /> Borrower and Lendcr may agree in writing. however,that interest shall be paid on the Funds. L.ender shall give to Borrower. ��__
<br /> n � without char�e, an annual accountin�of the Funds, showing credits and debfts to the Funds and the purpase for which each �_
<br /> • , � ' debit to the Funds was made.The Funds are pledged ac additional securIty for all sums secured by this Security Instrument.
<br /> ' �:���:�:` If the Funds held by I.ender exceed the amounts permitted to be held by appllcable law.l.ender shall account to Barrower
<br /> ..,�:,: for the excess Funds in accordance with the requirements of applicable Iaw. If the amount of the Funds held by I.ender at any — _
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<br /> time is not sufficient to pay the Escrow Items when due, I.ender may so notify Borrower in wdtjng,and,in such case Borrower };•
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<br /> � � �• shull pny to Lender the umuunt necesuiry to make up the deficiency. Borrower shelt m�lce up the deficiency in no more than -
<br /> twelvc monthly payments,at L.ender's sale discretion. --
<br /> ° . Upon payment in fuU of ull sums securcd by this Security Instrument, I.ender shaU promptty refund to Borrower any
<br /> Funds hcld by I.endcr. If,undcr paragruph 21, I.ender shall acquim or sell the Propeny.Lender,prior to the acquisition or sale
<br /> � of the Praperty,shull apply uny Fund�held by Lender at the ttme of acquisition or sale as a credit against the sums secured by
<br /> � • � this Security[nstrument.
<br /> ,�• ' . ' 3.AppUtattiun uf Paynrenls.Unic„upplicuble tuw pruviJe,othcrwi.c, uli puynx:nts re.eiv�by Lender under parabraphs
<br /> r•�: �, ,. � � 1 and 2 shall be applied: fint, to uny prcpuyment rhurge�due under the Note: secund, to amounts payable under pdra�raph 2;
<br /> �� third,to intcrest duc:fourth,to principat duc;und latit,to any latc churgcti duc undcr thc Notc.
<br /> .' � 4.Char�es: I.lens. Borrower sliull pay all ture�, us.c+�mentc, chiut�e�, finr�,��xi impnsitionc attriMutnhle to the Property
<br /> , ` ' which may attain priority �wcr this Sccurity Instrument, und Icaschold paymcnt� or ground rents, if uny. &�rcowcr shall pay
<br /> , lhe�e ubligation�in thc manncr pruvidcd in parugraph 2,or if nut puid in thut manncr,Borniw•cr shull pay�hcm on timc dircctly
<br /> ro the person nwcd payment. B�nrowcr shall pmmpHy furnitih t��Lcndcr ull noticc�of umc�unt.t��bc paid undcr this paragraph.
<br /> , ' If Horrnwcr makcs thc�r puymcnt+dir��Ny. Bc�rrowcr.hull pr�m�ptly furni,h to I.cndcr rcccipt+cvidcncing thc payments.
<br /> " • Borrowcr shall promptly disrhurgr any lirn u•hich hati prioriry uvcr thi�Sccurity In�trunxnt unlcs.r Borrowcr:(a>ugrces in
<br /> � writing to the puynunt of thr�ibligutiun re�ured by the licn in a mammr ucrcptahlr tu 1.cnJcr:cb)rantc+ts in gcxxi faith the lien
<br /> � by, ar defend.r• againxt rnt��rrcment ��f thr lien in. Icgal prurc��iing. whirh in thr I.cndrr', ��pinion operute to prevent the
<br /> " „ enfonement�f thc licn: or tr)�ccures irom thr holdcr of thc licn an�igrccmcnt tiali�f'actury t�� I.cndcr�utxrrdinating the lien to �
<br /> ',: • this Sccurity ln�trument. If[xndrr detcrminc+tl�at any p:irt uf thc F'roprny i�.uhjcrt tu a licn w•hirh muy uttain priarity ovcr �
<br /> ;:•�_i this Securiry In�trument, l.cnder may gi��e f3urru��cr:�nutirr iJrntit'�•ing the licn. Rarr�,arr .hall .ati.fy thc lien or take onc or t
<br /> < � more of the ucti�m.xct forth ulwvc within IU da�,��I'thr gi�•ing��I'n��tirc. I
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<br /> Fo►m 3028 8/90 I
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