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<br /> ,,� TOQB7'HER WITH nll the lmpmvements now or hem,ufter e�cted on tho pmperty.nnd all�t���rtenunoss,
<br /> - nnd fixtures now or henuf'ter a p�ut of tho prop�erty. AU Kplacementa And additlons ehall siso ba cuvcred by thts Sxurity —
<br /> — I�st�ument. All of tho fottgoing is rofetred W in tlds Security lnstnuuent as tho"Aroperty." -
<br /> �---'-"°--°m-- BORROWER COVBNANTS thut Bo:rower is Iswfi�lly seixed ot thc estate hemby conreyed and has the right to grant
<br /> -- and convey tha Property and thut th�Pmper►y!s unancvmbered.except for ertcumbcancea of tecord. Borrow�r wurmnta end
<br /> wW dcfend generally the tfde to the Pi+op�rty against a11 claims snd demands,subject to eny encumbranxa of rccard.
<br /> ��-�_��—� THI3 SBCURiTY INSTRUMBNT combinea uniform covenants fnr aadonnl nse and non-uniform cuvenanta with
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<br /> .� limited varIsttons by jurisdictioa to constitute a uniform securlty lnstmmeat cove�ng�+eal property.
<br /> s' UNIFORM COVENANTS. Harruwer and l.ender coveaant nad egree as followa:
<br /> 1. Ppyment of�rindptl wtd Iateras�Prepayment and Lato C6urrges. Borrower shall promptiy puy ahen due the
<br /> „� , principal of and lntemat on the debt evidenced by the Nate and any prepayment end late churges dne uader tho Note. _
<br /> "'�} 2. Funde tor'l�txes nnd Insur�tce. Subject to appUcable law ar to a wdtten walver by Lender,Horrower shall puy to
<br /> ' " ' Lender on the day monthly payments are due urtder the Note.undl the Note is paid in full,a sum("P�nds")Yor.(a)yearly
<br /> '�`�sr',�-`�'' tu�ces and asacssment�which mny uituin priadty over this Security Instrument ns u lIen on the Property;(b)yearly lewehold �- - ---
<br /> ;,"��'''�� payments or ground renta on the Property,if any: (c) yearly hazard or property insw�tce premlums; (d) yearly flood
<br /> ,t',.;�t".,���,q��43L'.:t4;: insurance Preminms,!f any; (e) yearly mongage insurence premiums. if eny;aad (fl any sums payable by Borrower to
<br /> `l •�a�,;;�.�„�,_,;.. _; Leader,in accoidance wlth the provfatona of paragaph 8,In lieu of thepayment of mortgage lnsurance premiums. These ---
<br /> •�•-:3•�:;� . "� ^� items are catled"Escrow Itema." Lendar may,at any tlmo,wllect and hold FUnds ia an amount not to exceed the maximum
<br /> �' ��� � � • " amount n lender for a fedemlly related mortgage loan may require for Bomowerk escrow account under the fecieral Renl --
<br /> �,,i;.r� �. . �� ' ;. Estate Settlement Procedunes Act of 1974 as amended from time to time� 12 U.S.C.$2601 et seq.("RBSPA").unless another _
<br /> • law that applies to the Funda sets a lesser amounG If so.l.ender may.at any time,collect and hold Funds jn an amount not to
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<br />-- � ��� •• ,,':' ' exc.ced the tesser amounG l..ender may esdmutc thc amount of Fl�nds due on the besis of cument data and reasonable �- ' ' �
<br /> `—"'----- esamaces oi expendicur+es oP fu�ure F�crow ttems or otherwise ir�accordrsnce with uppIicubte iaw. ----
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<br /> , � ,°� � '17�e Fhnds shall be held in an institudon whose d�posits ere inswed by a federal agency, insuumenwliry, or entity =--
<br /> � (includIn�[.ender,if Lender is such an instttudon)ar in any Federal Home Loan Bank. Lender shall apply the Funds to pay ��;,�;�'=
<br /> e . . • the �scrow Items. Lender mny not charge Borrower for holdIng and applying the Funds,annually analyzfng the escrow --__—
<br /> �' account, ar vedfying the Escmw Items, unless Lender pays Borrowsr interest on the �nds end applicable Inw permits ���'��
<br /> • L.ender to mnke such a char e. However,Lender ma require Borrower to a a one-dme charge for an inde ndent real � �-�
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<br /> estate tau reporting servtce used by L.ender in connecdon with this loan,unless applicable law provIdes otherwise. Unless an . • ��.,�
<br /> agrcement is made or appllcable law requires lntetest to be pa�d.I.ender shnll not 6e required to pay Boaower any intcrest or �
<br /> . , eamings on the FLnds. Barrower and Lender may a�ree in wrjting,however.that interest shall bc paid on the Funds. Lender ?� ;__�_;,:_
<br /> - � shall give to Borrower, without charge,an nnnual sccounting of the Funds,showing crediGs and debits to the Funds end the �'A�;�;�_
<br /> „ purpose for which each debit to the Funds was made. The Funds are pledged as additional secudty for all sums secuc�ed by � _'
<br /> -.- -�-------- this Securitv Insuument. � �
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<br /> If the Funds helii by Lender cxceed the amaunts permitted to be held by upplicable law. I,ender shall acccwnt to
<br /> Borrower for the excess Funds in accordunce with the requirements of applicable law. If the amount of the Funds held by "„
<br /> Lxnder ut any time is not sufficient to pay the Escrow Items when due.Lender may so nottfy Borrower in wridng.and,in : �r`
<br /> such case Borrower shall pay to Lender the umount necessury to mnke up the deficiency. Borrower shall make up ttie
<br /> � ,: deficiency in no more than twelve monthly puyments,at Lender's sole discmtion.
<br /> Upon puyment in full of aU sums securcd by this Security Insuument,Lender shall prompdy refund to Bo�rower eny =—
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<br /> • � � runds hetd uy Lender. li,unacr paragrnph 1i. Lendcr s6aii ucquire or seii che�rapeny,Lender,prior to the acqu'ssiuon or �,
<br /> sale of the Property,shall apply nny Funds held by Lender at the time of acquisidon or sale ac a credit against the sums - ���—
<br /> . secured by this Securiry Instrument. `_
<br /> . 3. Application of Peyments. Unless npplicuble law provides otherwise,alt pnyments received by Lender under '-'�
<br /> parugraphs 1 und 2 shnl!be upplicd:first,to any prepuyment charges duc undcr thc Note:second,to amount�payable under '. =`�=T_-
<br /> paragroph 2;third,to intercst due;fourth,to principal due;und lu.et,to uny lute charges due under the Note. • ���y
<br /> � 4. Charges; Liens. Borrower shall pay all taxes, assessments, chcuges. fines and impositions attributable to the .:r.y�-
<br /> " ' Property which muy attnin priority over this Security instrument,and leaxehold payments or ground rents,if any. Borrower �� '�- _
<br /> shull pay these obligutions in the manner provided in parngrnph 2,ar if not paid in that mnnner,Borrower shull pay them on °"''p`•
<br /> � time directly to the person owed puyment. Borrowcr xhull prompdy fumish to Lendcr nll notices of amounts to bc paid under ' •
<br /> , this parugrnph. if Borrower rnukes these p�yments direcdy.Borrower sh�q promptly fumish to Lender receipts evldencing "h�
<br /> the payments. { —-`
<br /> Borrower shall prompdy dischnrgc any lien which huti priority over thiti Securiry Instrument unles�Borrower:(u)agrees 1 , ':,�;
<br /> in writing to thc payment of thc obiigation xecurcd by tfic lien in a manncr acceptublc to Lendcr:(b)contestc in good faith thc
<br /> lien by,or defends against enforcement of thc lien in,icgul proccedingx whirh in the Lendcr's•opinion operatc ta prevent the
<br /> enforcement of the lien;ar(c)securcs from the holder of the lien un agreement�ntitf:�ctciry to Lender subordinating the lien • .,-
<br /> to this Security Instrument. If Lender determines that uny purt of the Property is +ubject to u lien which may attain priority
<br /> over this Security[nstrument.Lender may give Borrower u noticc identifying thc lien. Borrower shull�atisfy the lien or takc
<br /> , one or mom of the actions set forth above within IQ days of the giving of notice. ,
<br /> � S. Hazard or Property Insurance. Borrowcr shull krep thc improvemcnts now exi,ting c�r hereafter crected an the
<br /> . Propeny insured against loss by fire,hazards included within the term"extended rovcragc"and any uthcr har.ards.including
<br /> floods or floodin�, for which Lendcr Rquims insurancc. This intiurancc shall bc maintainc.d in thc amounts and for the
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<br /> Form3028 9f90 r�wxezur6�wges) �
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