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<br /> j::_.:�t�°�"'� TALIBTHER WITH nll the impruvementF now or hereaRer erecte�on the praperty,an�l L�aseme"�r� a��'�'°"`�ces,and �
<br />_ - fiztures now on c�reufter u p•rrt of thc praperty. All replacementA and udditions shall uls� be covereaf by this Security .:;��..:��x��.::�----
<br />'� Inxtcument.Ali af thc farcgaing is referrc4 to fn this 5ecurity Instrument us the"Preperty." ---�-�-- -
<br />-- BORROW�R COVENANTS that Bormwer ia lawfully selRed of the eswte hereby canveyed and ha�ihe right ta artutt und -- -
<br />�; canvey the Property and that the Pr�perty iti unencumberai, except for encumbrances af record. Iiorrower wurrants und wlil
<br /> _=�—= defend genernlly the tide ta tha Praperty.+gut�u ull cluims and demands.sabject ta Any encumbranceti of recnrd.
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<br />; . ,,;a. ;;,,�;�. T}iIS S@CURITY INSTRUMENT combinec uniform cavenants far nutionat use und nnn-uniform covenant�+ with limited �.:�_�.
<br />_`,; vuriations Ay jurlsdictian to canstitute u unlform security instrumeot cavering reai property. -
<br />='';� .`t. � UNIFORM COVBNANTS.Barrawer und I.ender crnenant and agrce us fallows: �;_,_____
<br /> -��. l. Payment of Prtacipal and Inter�st; Prepayment and Gnte Chnrg�s. 8ormwer shatl promptly pny when due the - .��_
<br /> �t��y "�q, principa!of und interest on the debt evidenced by the Note and any prepuyment und lute chnrges due under the Note. `''x'-'=�"�""`___
<br /> ��� • �' F �
<br /> � �.�' ' 1. Funds Por Taxes and Insurance.Subject t�applicuble luw or to u written waiver by I..ender. Barmwer shull pny to �1��°�°=--_-..
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<br /> ' �``�� ` ��� ' Lender on the duy monthly payments urc duc under the Nate,until the Note is paid in full,a sum("Fundc")for; (u)yearly ttuces ``'�:py �"
<br /> . �!f-a'4.?t:._�._ �v�'` 111��:_
<br /> ' +� �� ,�..:: and acsessments which may attain priarlry overthic Security Instrument u.y u lien on thc Praperty;(b)yeariy leusehold paymenGs .� �. , ;ti�,���`�
<br /> ~��'`` :,: man3 rr.is ars iha Psn rt ff ast� !c1 yasl� h:�.::rd^r ro ..rt� Insurance reminms:f�1 y'esr!• fl^�!insarsn_t^•As�sasns. . ..'��"-"' -
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<br /> � ' � '� � � � if any;(e)yearly mortgage insurance premiums. if any; and(�any xums payuble by Barrowcr to Lender, in accorduncc with _ • �,:•: .;,
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<br /> << � • �+ the provislons of para�raph 8, in lieu of thc payment af mortgage insurnnce prcmiums.Thece items arc called"Escraw Items.' ,,, ;_.,: ,�,. ,
<br /> g�. � ,i Lender may, at any time, collect and hald Funds In an amount not to exceed thc m�ucimum amount a lendcr for a federully ;,-;:; ,
<br /> �,•* .. ;: related mortgage loan may require for Bonower's escrow account under the federal Real Estate Settlement Procedures Act of '•�n �� :���.x
<br /> �.... . .. I974 as amended from tlmc to timc, 12 U.S.C. Section 2601 et seq.("RE5PA"), unless another luw thut applies to the Funds 1 � � � � ` �-
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<br /> �� ____" seGs a lesser amount. lf so, Lender ma at any time, col lect and hotd Fundc in un amount not to excecd the lesscr amount. "' `--
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<br /> + I.endcr may estimate the amount of Funds duc on thc bas�ti af currcnt datu und reusonable estimutes af ezpenditures of future � _ �•,'.• ;�`v.
<br /> ° ,_ u Escrow Items or otherwise in accordance with applicable luw. �
<br /> � � ,. � The Funds shall be lield in an institutian whose deposits nrc in�ured by a fedcrul agcncy, intitrumentality, or entity � • -
<br /> , ' (including Lender,if Lender is such an institution)or in any Federnl Home[.oan Bunk. I.endcr shall apply thc Funds ta pay thc • . .
<br /> � � Escraw Items.L.ender may not char�e Borrower for holding and applying the Funds,annuaUy unalyzing the �crow arcount,��r � • +.y •.•
<br /> � �� verifying the Escrow Items,unless Lender puys Borrower interest an the Funds und applicable law permits l.ender to make such � � �'k `
<br /> � a charge. However. I.endcr may rcquirc Borcowcr to puy a anc-timc chargc for an indepcndent real estate tax reparting aervice � ., ���
<br /> . used by L.ender in connection with thi. loun, untess upplicable law provides otherwise. Unlesti an agreement is made or � �� ' .#�*'•�"
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<br /> � applicable law requires intcre+t tc�be paid. Leixier shull not bc required to pay&xrowcr any intcre+t ar cuming�on thc Fundti. ; •�t'•`
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<br /> • � Borrower and L.ender may ngree in writing, howevcr,that intcrest�hail be puid on the Fund+. L.endcr ,hull give to Borrnwcr. � Z:�••
<br /> , wiYhout charge, an unnual accounting of the FunJx, .howing credits und debitti te�the Nund.und the purpose tur wh�ch e�ch �---- �
<br /> debit to the Funds wus rriade.The FunJs ure pledged ati•rdditiona! ,ccurity for all�um..�cured by thiti Security Instrument. ) "' �`" ,��;
<br /> lf the Funds held by [.ender exceed the amounts permitted t��Ix�held hy applicuble I•rw. I.ender shall account to 8orrower � ; '
<br /> for the excess fiunds in uccordance with the reyuirements of applicable luw. N'thc smount cif the Funds held by Lender at any ! ., "�"•.
<br /> time is not sufficicnt ta pay the�urc�w Items when due. Lender may�ci nntify 8orrower in writing,and,in such ra�e Borre►wer : � �`':
<br /> '' shall pay to[.endcr the umount neceti,;►ry to makc up thc deficiency, Borrawcr �h;�ll makc up the deficiency in nn morc than � r;=�'
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<br /> •• • twelve monthly puyments,at I.cndcr'ti,o�c dixrotion. •.
<br /> � � „ Upc►n payment in fuU uf ull +ums ticcurcd by thiti Security Imtrumrnt. [.�nJrr .hall prompdy refund to Borrowcr any � l�
<br /> Funds held by L.ender.If,undrr par�graph 2 I.LenJrr.hall ucyuire ur.ell thr Property. LenJcr, prior tc�thc acqui�itiun or.ale ��
<br /> of the Property, shall apply any Fund�hrlJ hy Lender at th�tim�uf ucyui.ition��r,ale a,a credit aguimt the+um+ticrured by �
<br /> ° thir Securiry instrument. ; "' �
<br /> " " 3.Applfcation of Pavmcnts.Unlc..uppliruhlr la�� providrti nthrr�visc, all papmcnt�rcrcivcd by LrnJcr undrr pa�agruphti : � �•''�j�
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<br /> !und: shull be upplicd: fint, to uny prcpaymrnt rhargc+duc und�r th�Natr: �rru�xl, to amount.payablc wxicr paragraph 2: � ����;i"� .
<br /> third,to interest due: f��unh,t��prinripal duc:unJ lu�t,t��an� lat�char�c.duc undcr th�Notr. ,
<br /> 4. Char��.h; Liens. &xr�iw•er�haU pay all wxr..ati+c,.inrnt�.chargcti, tirn,and imFx»itium attributablc to thc Prop�rty
<br /> � which muy uttain priority ovcr thi� Scrurity In.trumcnt, and Ira.chuld paymcnt� ur ground rent., if any. �irrowcr.hall pay i � �
<br /> thesc obligation,in the manner pr�i�•ided in par.►graph 2,ur if nut paiJ in Ihat manncr. Burrc�w�r tihall pay them an time dir�rtly i
<br /> to thc person owed paymcnt. Horr��a�cr,hall pr�imptly lurni�h t�� I.cixlcr all notirc.��f amount+a�hc paiJ unJcr thi.parugraph. ! � _
<br /> If Barr�wer makc.thc+c pa}•ment�direrQy.Burr�iarr,hall pr��m�tly furni.h t�,Lrndcr r�•rcipt.c�•idcnring the paymcnt.. „
<br /> � . . Borrnttor r.ha!1 prottt�±t!} J't�.�h•sere sm; lier�.ehirh hs•.�riorit��u�rr thi�.Scrurit} In•.tn:ment unle•.: Burruucr. �a�a�:r�c•,in �
<br /> � ' writinE tc�the paymrnt��t'thc oh�igati�m,ecureJ ha the licn in a rnamkr acrrrtaMc t�,I.rnJrr:�h►r�mte,h in gn�xl I:�ith the lien
<br /> by. ur defenJ. ugain�t cntbrremrnt of thc licn in. Iegal pr��rc�iling. ��liirh in thc I.rnJrr', ��piniun u�ratr tu prevent the �
<br /> cnf2uccmcnt of thc li�n: ur�r►.crurr�1'rum thc hnldrr af thc licn an a�rcrmm�t,ati,l:�rt�,n tu I.rnder wtxrrJinating thr licn t�� . ,
<br /> this Serurity In,trumcnt. If Lcndrr drtcrminc+that um p��rt uf thc Pru�rty i.,uhjrrt t�,a lirn ��hirh rn:�� uuain priurit�c»�r :
<br /> this Scruriry Inrtrumcnt. I.cnder may gi�r B<�rr�,��rr a n�,tirc iJcntif�in�Ihr licn. N��rr����cr .hall ,an.l'� th� li�n��r take unr nr
<br /> morc of thr actium�et ti�rUi uhu�•e��ithin 111 d:�y,ul'thr�i�in�ut'n�airr.
<br /> � Form 3028 9/90
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