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<br /> � TOQ�'C'H�R WITH nil thc imprnvenicnta no�v ar hereafter emctcd an�he preiperty,and n1i casemcnts.appurtcnance9,
<br />— -- — and fixtures naw ar 6erraftcr a pnrt of tho property. All n,pfaccmentx and uddltiana shall nfRa bc covered by this 5ecurity
<br /> instn�menG All af tho fo�cgoing is refernd tn in tt�is Security Inatcument ux the"Property."
<br /> — BARROW6R COVBNANTS that porrower is lawfully seised of tho estnte hercby canveyed and has the right to grnnt
<br /> and convey tho Prap�»y and that thc Prapc.rty Is unenewnbered,except for encumbrnncea of record. Borrower warrants and �
<br /> - w111 defend goneralty the Htlo ro tho 1'rapecty against alt claims and demands,subject to any�ncuinbran�a uf recurd.
<br /> � THlS ��CUttiTY iNSTRUMENT cbmbines unifarm covenanta for nallonal use nnd non-aniform covenants wlth � ___
<br /> k limited varlotlons by Jurisdictlon to constttute a uaifotm security instrument coveting mul property.
<br /> UNIFORM COVENANTS. HomaWer and Lettder covenAnt and ng�+ee as follows:
<br /> :> 1. Payment of P�incfpai and Interesti Prepayment and Late ChArges. Borrower sha1S pmmptly pay when due the
<br /> ' principai of and interest on the debt evtdenced by the Note and any prepayment and late chargcs due under the Note.
<br /> • E. �nds tor'Nxes and InsurAnce. Subject to Applicable law or to A wrltten waiver by Lender.Borrower shdl pay w
<br /> i.ertder on the day monthly pAyments are due uader the Note.until the Note ia paid in full.a sum("Funda")for.(a)yearly
<br /> taxes and assessments which may anain priodry over this Securiry Inawment as a lieee on the Praperty;(b)yearly kasehold _-._ -
<br /> paymenta or ground renta on the Property. if any; (c) yearly hazard or pmperty insurunce premiums; (d)yeady flood ----
<br /> � insurance pnemlums,!f any: (e) yearly mortgage insurence premiums. if any:end(�any sums payable by Borcower to
<br /> Lender.in accordance witt�the pmvisions of paragraph 8.in lieu of the paymcnt of mortgage lnsurance premiums. These
<br /> •,ry�,�,�..� ftems are called"Escrow item�" l.ender may,at any time,collect and hold Funds in an amount not to eaceed the maximum � _
<br /> {�h,�., amount u lender for a federnlly reluted mortgage loan may require for Borrower`s escrow account under the federal Reai
<br /> ,�,;-.7;;:;,�',.; Estatc Settlement Procedures Act of 1974 as arrtended fmm dme t�ttme. 12 U.S.C.§2601 et seq.("RESPA"),unless another
<br /> "•� law tMat applies to the Funds sets a lesser amount. If so,I.ender may.at any ttme,collect and hold Ft►nds in an amount not to
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<br /> - —_— exceed the lesser amotant. Len�r may P��imAtn the amount of Funds due on the basis of current data and reasonable
<br /> . estimRtes of expenditures of futurc Escmw Items or othenvise in accardance with applicabte law. ��'_"-�
<br /> fi ��'• . The Fhnds shall be held in an institutlon whose deposits are insured by a federal agency, instrumental(ry,or entiry ----
<br /> (including L.ender.if Lender is such an lnstitudon)or in uny Federal Home Loan Bank. Lender shall apply the Furds to pay w —
<br /> ��� • „ the Escrow Items. Lender may not char6e Borrower for holdins and applying the Funds,annuaily analyzin� the escrow �.,�
<br /> ' . acwunt,or verifyjng the Escrow Items, unless Lender pays Borrower inter�st on the Funds and applicable law pecmtts '��:
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<br /> � - �' Lender to make such a charge. However.i.ender may require Borrower to pay a one-dme charge for an independent real ?�°,�;�_
<br /> � estate tax reporting service used by Lender in connection with this loan,unless upplicable law pmvjdes otherwlse. Unless an ,
<br /> , � - agc+eement is made or appltcuble law requires interest to be paId,Lender shall not be required to pay Bomnwer any interest or ;, ;�:.-
<br /> ° ° " earnings on the FLnds. Borrower and[.ender may agree In wriuns.however,that interest shall be paid on the Funds. Lender ;.�,
<br /> � shall sive to Bomower, without charge,acs Annual accounting of the FLnds,showing credtts and debits to the Funds and the ^h,
<br /> purpose for which each debtt to the Funds was made. The Funds are pledged as additional security for all sums secured by „
<br /> - . � shi�Securlsy lnsuvme.ai.
<br /> If the Fhnds held by Lender exceed the amounts permitted to be hetd by appUcable law. Lender shall account to ■ ;�
<br /> � Bomower for the excess Pltnds in accordance with the requicements of applicable law. If the amount of the Fltnds held by �.
<br /> Lender at any ttme is not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing,and,in
<br /> � such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrowcr shall make up the
<br /> � ' ' deficiency in no morc than twelve monthly payments,at L.ender�s sole discrerion.
<br /> ==__=---=_-- Upon gaynnent!n fc!!of a!!sa�ns secem! by thts Secority inc�rnmPnr. t.ender shall Qrompdy refund to Borrower any __
<br /> �� Funds held by Lender. If,under parugraph 21, Lender shall acquire or sell the Property,I.ender,prior to the acquisition or
<br /> sale of the Property,shall apply any Fhnds held by Lender at the time of acquisition or sale as a credit against the sums
<br /> ,� secured by this Seceriry Instrument.
<br /> 3. Applteation ot Payments. Unless applicabie law provides otherwise, all payments received by Lender under
<br /> � paragraphs I und 2 shall be applied:first,to any prepayment charges due under the Note;second,to amounts payable under
<br /> r . patngraph 2;third.to interest due;fourth,to principal due;and last,to any Inte char�es due under the Note.
<br /> ,. 4. Cherges; Llena Borrower shall pay all taxes,ayaessments, charges, fines and irnpositions attributable to the •
<br /> ' Property which may attain prioriry over this Securiry Instrument,und leasehold payments or ground rents,if any. Borrower
<br /> shall pay these obligations in tl►e manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on �
<br /> time directly to the person owed payment. Borrower shall promptly fumIsh to Lender all notices of amounts to be paid under
<br /> „ • . . this paragcaph. If Borrower mskes these puyments d'erectly, Borrower chall �mmptiy fumish to Lender receipts evidencing
<br /> ' , the payments.
<br /> ! " . Borrower shal!premptly discharge any lien which has priority over this Security I�strument unless Borrower:(a)agrees
<br /> in writing to the payment of the obligation secured by the lien in n manner acceptable to Lender.(b)contests in good faith the
<br /> • Ilen by.or defends against enforcement of the lien in,legul proceedings which in the Lender's opinion operate to prevent the
<br /> ' enforcement of the lien;or(c)secures from the holder of the Iien an agreement satisfactory to I.ender subordinating the lien
<br /> S ' to thts Security Instrument. If Lender dctermines that any part of the Property is subject to a lien which may attain prioriry
<br /> over this Secudty Instrument,L.ender may give Borrower a notice idcntifyin�the lien. Borrower shall satisfy the lien or take
<br /> one or more of the actions set forth above within !0 duys of the giving of notice.
<br /> 5. Hazerd or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> � Properry insared against loss by fire,hazards included within the term"extended coverage"and any other hezards,including
<br /> floods or flooding,for which L.ender requims insurance. This insurance sha�l be maintained in the amounts and for the
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<br /> ., ' Form 3028 9/90 ipnKe:nJ epaxes�
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