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<br /> � .� 'L'QQ6Ttl�R WiTI�aq tho improvcmente now or hPcenfter erected on the property.and all casemente,appurtenances., =-� -
<br /> � and�xtu�cs now ar hereafter a ps�ctaf the ptr�perty. AII r�placements and addidons shnll u1RO bc covered by thta 3ecudty
<br /> Instrurrun� All of tha fotrgoing is rtfetred ta in this Secudty Inatcument as the"Property."
<br /> BORROV✓EiR COVENANTS that Born�wer 1�lawfully selaed of tho estate hereby conveyed ttnd h�the dght to grant
<br /> and canvoy tha Property and that the Pmperty ia unencumbered,exccpt for encumbrarsces of r�cord. Borrower wumu�ts and
<br /> -.� --- ... - . _ -- -� w�111�S�:fa��d��i«�lly t�1a titlu to tha Piapcity a�slnst aft claims atsd dcmanda.subjat to any cncum5rancca of record.
<br /> _--- - - THIS SBCUIttTY 1NSTRUMENT combines uaifottn covenanta for nnEionai ase and non-uniform covenanta wleh .r- -___ _,_
<br /> limiud variadona by Jurisdlctlan to mnstituto a unlform sa:uriry InRtrument covering rent property.
<br /> `�' UNIFORM COV6NAIVTS. Barrower and[.ender rovcnant and agree na follows:
<br /> r� i. P�yment ni PeMclp41 and lntereati Prapayment+�nd I.Ate Chnrges. Horrower shali prampdy pay when duo thc
<br /> pdnctpul of and interest on the debt evidenced by the Note and any prepayment and Inte charRea duc under the Nate.
<br /> t. F�nds tor lbxes and InsurAnce. Subject to applicnble!uw or to a written welver by Lender,Hotrower shall pay to
<br /> Lender on the day monthly payments are due under the Note.until the Note i� paid in full,a sum("Funda")for.(a)yearly
<br /> �r tauea und assessraents which may auain pdority over thia Security Instrument as a flen on the Property;(b)yearly leasehold -_ _° - �
<br /> - paymenta or ground rentx on tho Property, if any: (c) yearly 6azard or property insurance premlums; (d) yearly flood
<br /> � '"-� insurance premlums. if any: (o) yenrly moctgage inawunce premIums,if any; aad (�any sums payabte by Borrower to
<br /> �' i�".:�s�.,�-'" `: L.endcr,In accordnnce with the provisions of paragtaph 8,tn lieu of tha pnymentof mortgage insurance premiums. 'Ihese
<br /> . a„,Fi�`��a��'•�� iteins are called"E.gcrow Items." I.ender may.at eny time,collect and hoid FLnds in an amount not to exceed the maxlmum _
<br /> •u�^�";::�•;.`�;' amount a lender for a federaliy �+elated mortgage loan may require for Borrower�s escrow account under the federal Real
<br /> .:'w��.��,y�*i�• Estate Settlement Pc�ocedures Act of 1974 es amonded fmm dme to time,l2 U.S.C.� 2601 et seq.("RESPA"),ualess another
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<br /> .,; -.:-�.-: • �*'�� Inw that opplie.4 to the Fuads reu�a leaser amount If so,l.ender may.at any dme,collect and hoid�nds in an amount not to
<br /> : �'`.�5 • `'? exceed the Iesser amount. Lender may esdmate the amount of Funds due on the bnais of current datn and masonable �'��--�-
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<br /> . . . esdmates of expenditures of future Hscrow Items or othenvise in accordance with applicabte law. "-;�_�.-_`
<br /> � ' ' Thc FLndx shall be held in an lnstituHon whose deposi�s are insured by n federal agency,inswmentality, or entity
<br /> � „ (including L.ender,if l.�nder is such an lnstitudon)or in any Federal Home Loan Benk. L.ender shall appIy the Funds to pay ..��r-"
<br /> '. , the Bscrow Item�. Lender may not charge Borrower for holding and applying the PUndc,annually analyzing the escrow ,t E��-:
<br /> , '. account,or vec�fying the Escrow Items.unleas Lender pays Borrower interest on the Funds and applicable law pemuts � ��'�;:
<br /> `" • , � Lender to make such n charge. However, Lender may requim Borrower to pay a one•tlme chnrge for an independent mal •�5�'.•ry;,
<br /> � � � estnte tox teporting servlce used by I.ender in connecdon wfth this lonn.unless applicable law provides otherwise. Unless an �•,,,�,.1,G`�
<br /> '� agreement is made or npplicuble law requic+es interest to be puid,Lender ahall not be required to pay Bonawer any interest or - __
<br /> ' �� earninga on the Funds. Borrower und I.ender may agmc in wddng.however.that interest shall be paid on thc Funds. I.ender .. �,:��
<br /> rhetfl�tve to Bnrrower,without char�e,an annual tucountln�of the Flmds, showing cmdits and debits to the Funds and the � ;, ,,�,�,_
<br /> ., purpose for which cach debit to the Funds was mnde. The F1mds are pled�ed as eddidonal secudty for all sums secured by , A=-
<br /> _ _ this Security l��itutttcr�i. ° .
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<br /> �. ' If the Funds held by L.ender exceed the umounG, permitted to be held by uppl{cable law. Lender shall account to
<br /> � � �. Borrower for the excess Funds in accordance with the requimments of applicable Isw. [f the amount of the Funds held by '
<br /> " Lender nt any time is not suffictent to pay the Escrow Items when due,I.ender may so notify Borrower in wridng.and. tn c
<br /> ' � such case Borrower shall pay to Lender the amount necessary to make up the defciency. Borrower shall make up the
<br /> ,, detctency in no more than twcive monthly payments,at Lender's sole discretion.
<br /> ,.,___. _, ._.. Upon Qayment in full of ull sums secured by this Security Instrument.Lender shall promptly refund to Botrower any =--
<br /> . . Fundc held by Lender. If,under para�raph 21,Lender shaU acquire ar sell the Property, Lender,prfor to the acquis�qon or -��= v-��
<br /> • � sc►!e of the Property.shull upply any 1•lmds held by Lender at the time of acquisition or sale ac a credit against the sums �
<br /> , : secured by this Security Insuvment. . ��+,�
<br /> 3. Application of Payments. Unless applicable law provides othenvise,all payments received by Lender under u,
<br /> ° �,., �' parugraphs 1 und 2 shn(t be upplied;f irst,to any prepuyment churges due under the Note;second,to umounts payable under �;=t::_
<br /> „ . . parngraph 2:third,tu interest due;faunh,to principal due;und Inst,to any Intc ch�rges due undcr thc Notc. ,;���;�
<br /> • • 4. Char�esi I.tens. Bomower shall puy ull taxes, usses,ments,charges,fines und impositlons attributnble to the �r,./��
<br /> • Property which muy attain priority over this Sccuriry instrument,and IeaSChold payments or ground rcnts,If uny. Borcower r�"/.:
<br /> .. shnll pay these obligat[ons in the manner provided in parngraph 2,or if not puid in thut munner,9orrower shall pny them on _
<br /> �� time directly to thc pertian owcd paymcnt. Borrower shal!promptly furnish to Lendcr all notices nf umounts to be paid under • .
<br /> i '. . , this parngraph. If Rormwer muke�thexc puyments directly.Borrower shall promptiy fumish to i.endcr receipts evidencin� Ft. ,
<br /> • the payments. �•��� °, �
<br /> Borrower shnil promptty dischargc any lien which has priority nver this Sccurity lnstrument unless Borrower.(u)agrees � •"� .;°
<br /> ••, in writing to the payment of the obligution secured by t he lien in a manner ucceptable to Lender;(b)contests in good faith the
<br /> �.'„ lien by,or defends against enforccment of the lien in,legal procecdings which in�he Lcnder's opinion opernte to pmvent the ,
<br /> �� enforcement of the lien;or(c)�ecures from the holder of the lien an ugrcement saiisfactory to Lcnder subordinatin�the lien ,
<br /> ' to this Security lnstrument. If Lender determines thnt any part of the Prnperty is subject to n lien which may attain priority �
<br /> � , over this Security Inswment,Lender may�ive Borrower u notice identifying the lien. Horrower shall satisfy the lien or take �
<br /> one or more of the actions set forth above within 10 days of the giving of notice.
<br /> ' � S. Hazerd or Property Insurence. Borrower shall kecp thc impmvemc►us now existing on c�rcaftcr crected on thc ;;
<br /> , � Praperty insurcd aguinst loss by fim, ha�urds inrluded within thc term"extended cove�agc"and uny other hazards,includin� �
<br /> . flood�or flooding, for which Lender rcquims insuranre. This inxurancc shall be rnaintaincd in the amaunts and for the (
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<br /> Form 3028 9/90 I/wRr 2 nf 6�wxesl
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