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<br /> TO[#Gf�iB�1�ITH all the impravemcnts saw or hereafier l:rocted on thc txoperty.and atl easemcnt�,appnRtnuices.
<br /> - -°---- _° and flxturcz naw or hereaf3sr a gart of the FcogertY. �►!1�gla�:t�nente ancl x�kliNonA xha!!also be cavered by this uocurity
<br /> �`_``= Iastma�eriG AAof ttw foregain�ia�fer�+ed to in tfiia Secusity Inst�ument ss t!►e"�psrtY:' , _...___
<br /> BORROWER COVBMANTS that Boirower ia lawfully seisal of tho estute here6y conveycd ar�d has the right to grant
<br /> _- ---------� wKi c�►voy iba i::,pc►t3r md tlsai tlsa�"sty is ua�xusu'�red.sxapt for eacumb:anca of record. S�+nwer werranu and
<br /> � _�—_�, wltl defend generaily the dde to the Property ugainst all claims and demandA,subje�t to nny cncumbrar��of tecord. `
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<br /> THIS S�CURPfY IN3TRUMBIVT combines anifotm covananta fot natione� use and non•w�f'orm covenents wlth -
<br /> limited varIatioae by jwdsdlcdon w consdtuu a unifom�sec�dey insonunent covering roal pmpe�ty.
<br /> t1NIFORM COVSNANTS. Horruwer and Lender cavenant und agree as fallowa:
<br /> _ - 1. Psyroent ot�eindpd uid Intensh.Pripayment�ad Late Clnrga. Borrower shalt prornpAy Qay whan due tde
<br /> - principW of aad inurest on tho debt evideaced by the Note and any prepuyment and late chargcs due uadcr the Nou.
<br /> _ - • Z, Fund�[or lhxes aad Iffiurarnx. Subject to appUcable!aw or to a wrlucn waiver by Lender.Borrower shall pay to
<br /> =9 : -� - Lender on thc day monthly paymonts are due under the Note,until tha Note ie paid in fuU.a sum("Funds")for.(a)yearly
<br /> - taxes und assea+meats whlch may attaia pdodty over tbis Securlty Insnument as a lter on the Pmperty;(b)Yearly leasehold
<br /> = payments or ground renta on the P,roperty.if any: (c) Yearly hazard or property iasurance pnmiums:(d) Yearly tlood
<br /> ' iasuraace preraluma,if any;(c)yearly mortgage Wsumacc premiums, if any; and (�any snms payable by Borc+ower to
<br /> %. Len�er.in accordance with the provlsions of paragraph 8.ia lieu of the payment of mortgage insurance premiums• 'i'hese
<br /> iteaw ac�e called"Escrow Itema." I,ender may.at nny Nme.coAect end hold PUada in en amount not to exceed the muxlmum __
<br /> '� amaunt a lender for a federelly i+elated mortgage loan may requIre for Eorrower's escrow account under the federat Reai
<br /> '�� Sstate Sealement Pa�cedures Act of 1974 as amended from dme to dme. 12 iJ.S.C.�2601 et seq.("RESPA"),unl�s another
<br /> -�_ law tdnt applies to the Funds sets a lesser amourtt If so.L.eader may,at any time.collect and hold Funds in an amount aot ts� -
<br /> exceed the l�ser amo�mt, L.ender may esdmute the amaunt of Funds due on trte basis of cumeni da�a anJ�eux�u+�t,k
<br /> estimates of expendiwms of future Escrow Items or othenvise in accocdance wlth applicable law.
<br /> y � '*� 7tte Punds shall be held in an insfltuHon whose deposits are lnsured by a federel agcncy.InstNrnentaliry. or endty _
<br />� (facluding Lender.if Leudor is such aa iasdtution)or in any Federal Homa i.oen Bank. I.ender shaU apply the Phnds to pay
<br /> -`'•.�''�• ��•.���f•' - the Bscruw Items. Lender may not charge Bomower for holding and applying tbe Funds.ennuully analyzing the escrow
<br /> '�1!Y'''�x�'�s,. account, or verifying tha E,4cmw Items,unless Lender pays Borrower interest on the Funds and applecable law perailts
<br /> •' '�'.i'�' �;;' '�'" I.ender to make such a charge. However.Lender may require Borrower to pay a one-dme chargo for an independent mat
<br /> � ''Y"'�' ''`` ' � ' eatatu tax reponin�servIce used by Lender in connecHon with thia loan.unless applicable law provides athenvise. Unless en
<br /> •,`,«,.;. <: ,� � agrePment is made or applicable law requires interest to be paid,L.ender siiall not be required to pay Botrower any interest or
<br /> earninga on the Funds. Horrower and Lender may agrec in wrtting.however,that lnterest shall be paid on the Funtls. I.ender
<br /> -- �� . shall give to Borrower.withnut charge,an annual accounting of the Funds. showtng credits and debita to the Ft�nds and the __
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<br /> ' ;. P�ugosc for Yrhich eech debit to the�nds wes me�e. '�'hP F�mdA ere pledged�c additional security for all sums secured by
<br /> ' �� � � thIs SeturIty Instrumept. �
<br /> ' • If the Funds held by L.ender exceed the amounts permitted to be held by.applicable law, Lender shall account to
<br /> • Bornower for the exeess Funds in accordance with the requic�ements of applicablo law. If the amount of the Fl�nds held by
<br /> �• Lender at any time ia not sufticient to pay the Escrow Items when due.Lender may so notify t3orrower in wridng.and,in -
<br /> � such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Bomower shell make up the
<br /> . deficiency in no more than twelve monthly payments,at Lender's sole discretion. � ,
<br /> . Upon payment in full of all sums secured by this Security Instrument,Lender shuU prompdy refund to Borrower any
<br /> � ` Funds held by Lender. If.under paragraph 21,Lender shall acquire or sell the Property,I.snder,prlor to the acquisidon ar
<br /> � � sale of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a cmdit against the sums �`
<br /> secured by this Security lostrument. ���:_
<br /> . . � 3. AppllcaUon of Paymente. Unless applicable law provides othenvise, all payments received by Lender under ',;.,.
<br /> . paragraphs 1 and 2 shall be applied:first,to any prepuyment charges due undcr the Note;second,to amounts�ayable under _
<br /> 1 i • paragraph 2;third,ro Interest due;fourth,to principal due;and last,to any late charges due under the Note.
<br /> ^ 4. Charges; Ltens. Borrower shull pay all taxes, asscssmen�s.charges,fines and impositions attrlbutable to the
<br /> PropeRy which may attain priority over this Security Instrument,sind leasehold payments or ground rents,if any. Borrower
<br /> � shall pay these obli�aations in the.manner provided in paragraph 2,or if not paid in that manner,Boreower shall pay them on
<br /> - . � •� time direcfly to thc+fier�nh o�red payment. Borrower shall pmmptly fumish to Lender all notices of amounts to be paid under
<br /> . � this paragraph, If Borrower makes these payments directiy,Barrower shnll prc�mptly fumish to Lender receipts evidencing
<br /> , the paymen�s.
<br /> Borrowershall promptly dischnrge any lien which has priority over this Sc�urity Instrument unless Borrower.(a)agrees :
<br /> � in writ�ns to the payment of the obligation secured by the lien in u manner acceptable to Lender.(b)contests in good faith the
<br /> � lien by,or defends against enforcement of the Ilen in,le�al proceedings which in the Lender c opinion operate to prevent the .
<br /> • enforcement of the lien;or(c)secures from the holder of the;lien un agreement sutisfactary to Lender subordinadng the lien
<br /> ' to this Secudry Instrument. If Lender detertnines that any part of the Property is subject to u lien which may attain paority
<br /> � .. over this Security Instrument,Lender muy give Bocrower a notice idcntifying the lien. Bonower shall satisfy the lien or take
<br /> ° one or more of the actions set forth ubove within 10 days of the giving of notice.
<br /> S. Hazard or Property Insurence. Borrower shuU kecp thc improvements now existing on c�reafler crccted on the
<br /> Property insurcd ugainst loss by fire,ha�ards included within the term"extended coverage"and any other haxards,including
<br /> ' , .• floods or floodin�,for which Lender requires insurunce. This insurance shalt be maintuined in thc arnounts and for the
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<br /> � � Form 3o1R 9/90 rraar 2 o,fe paRes�
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