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<br /> - =-- TOaH`i'HER WITH all the improverr�ents now or here�Rer erccted on the pruperty,und a!i easements,appurtenances.and --
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<br /> flxtares now or hercaRer a part of the property. Atl replacernentx c�nd addittona shull ulso bo cavercd by this Security ___
<br /> �T� � [nstrument.All af thc faregaing is referred to in thi�s 5ecudty instru�ent as the"Property." -°
<br /> ��`' BORROWBR COVEIVANTS ihat Borrower iF lawfully seised flf thcs estute hereby canveycd und hus the right to grant and --
<br /> ---= convey the Property and that the Fropercy is unencambere�.axcept far encumbrances af record. Barrower wurrantR end will -� —
<br /> �---�-�-°-° defend scneraily thc tide to thF Property usuinst nll claims and demands,subject to any cncumbrunces of record.
<br />— THIS 3BCURITY 1NSTRUMBNT cambines unifamt covenents for nationni use und nun-uniform covennnta with Ifmited
<br /> -= ' vartatlons by.iurisdtctian to canstitme a uniform secudry instrument covering renl property. �--
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<br /> UN[FORM COVENANTS. Aorrawer and[.ender covenant and agree as follawa: � �
<br /> "-'� 1. Payment of Pr(nctpal and Inter�t; Prepaymept and Latc Charges. Bornawcr shull promptly pay when due the _
<br />_. principal a�'and intere.gt on the debt ev idenced by tlit IVate ond any prepayment and late chnrges due under the Note. �-
<br /> 2. Funds tor Taxes and Insurance. Subject to applicable law•or co a written wAiver by l.encler. Borrower shalt pay to _..
<br /> r '" Lender on the day manthly paymema arc duc under the Note. until the Note is paid In fult.a sum("Funds")far.(a) ycurly tnxes �+%` _.
<br /> � and ussessments which may attain pdorlry aver this Security Instrument as n lien an the Praperty;(b)yeurly IeASChold puyments �����
<br /> t ar�rouad rent�un the Property,i f eny;(c)yearly hazard or property insurance premiums:(d)yearly flood lnsurance premiums. �Y _E.._.
<br /> -`� •'��''` tf any;(e)yearly martgage inaurAnce prcmlums,if any;and (� nny sums payable by Harrawer to Lender, in nccordance with _� .
<br /> r + ,:,�.� ��
<br />.� �;� ,' ';�,; , the proviefons of pura�raph 8. in iku af the payment of mortgage insurnnce pmmiums.These items are called "Escrow Items." *�� _-
<br /> '"•t °+�. . ' [.ender may. ut any time, col lect and hold Funds in an amount nat tu exceed the maximum amount a lender far u federally 'r�•�,s:_
<br /> .;...�:, , . � T,.°.
<br /> � � ;,; :;�.-.,• related mortgnge laan may require tor Borrower's escrow account under the federul RPaI Estate Settlement Pracedures Act af • :_��
<br /> ^�� �'f�'�,�� � 1974 as amended From time to timc, t 2 U.S.C. Section 2601 e�seq.("RESPA"). unless another law that applics to the Funds :••�"i!':F.'
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<br /> _;:•.�:_• sets a lesser amount. If so, Lencler may, at�ny tfma, collect and hold Funds in an amaant not to cxcced the Iesscr am�unt. '.`�.:.�°-`
<br /> - , � ��'�� Lender may estimate the amount ot 1'unds�'ue �m the dr:is ai currem data und reaxunable eseimaces oi'expendiiures or ruture ----�-s
<br /> . ' . ` Escrow Items or otherwise in aaardanc�with appilcable law.
<br /> . � The Funds shall be held in on institution whosc deposits urc insured by a fedcrnl agency, instrumentality, c,r entity , �.L-
<br /> �`'' ' includin Lender,if I.ender[s suchan institutlan)or in an Pederal Home Loan Bank. I.ender shall a I the Funds to a the - �"� "
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<br /> �� Escrow Items.L.ender may not char�e Borrawer for halding and upplyin�the Funds,annually analyzing the escrow account,or --
<br /> ' ' . vcrifying the Escrow Items,unless l.endcr pays Borrower intcrest on thc Funds and appllcabie law permits i.ender to make such ti�� „ •�
<br /> . a cherge. However. I.ender may require Borrower to puy n cmc-time charge for an independent real estate tax reportin�scrvice �� .:_-.
<br /> u.sed by Lender in connection wilh this loun. unless applicublc law provideti otherwise. Unlesti un agreemcnt is made or --
<br /> � applicable lsw requires intcre�t to be paid. Lender shall not bc requircd to pay Bonowcr any fntcrest or earnings an the Funds. , �..
<br /> . . Horrowcr and Lcnder may agree inwritin�,haa•ever,that interes�shsll be puid on the Fundx. Lendcr shull glvc td Sorrowcr. • , + •=-
<br /> - � w3thaut charee, un annunl accaunting of thc Funds. showing credits und dcbits to thc Funds s�nd thc purposc for which ca�ch � _- -
<br /> �' debit ta the Funds wus made.The Funds are pledged ae addit ional securiry for all sum+securc.�d by this Security Instrurtient. ' ��
<br /> . _ � if the Funds held by I.ender czcud the amounts permit teJ to be held by appl icuble law,Lender rhul l uccaunt to Borrower -
<br /> • for the excess Funds in arcardance w ith the requirenxnts of applic�ble law. If the amount af the Funds hcld by I.ender at any �
<br /> •' time is not sufficient to pay the Escmw Items when due. l.cndcr rnuy so nrnify Bormwer in writing,und, in such case Borcower "' _
<br /> „ � shall pay tu Lender the arnount nccecwry co mukc up thc deficiency. Borrower shull make up the defciency in no morc than `� �_
<br /> . twelve manthly payments, ut L.ender't wle discretion. � =
<br /> Upon payment In fuQ of ell surns tiecured by this Security l��trument. I.endcr shull p�e�mptly refund to Borrower uny ' -
<br /> � • Funds held by I.endcr. If, undcr par��raph 21. t.cndcr tihall acyuire or scll thc Property, Lender,prior to the arquisition or snle ,
<br /> ° of the Property. shull apply any Fund s held by Lender at the�ime��f acyuisitton ur sule As a cr��lit against the sums secured by �
<br /> � �, this Securlry Instrument.
<br />_ * • „ 3. Appltcation of Payments.Unlccs upplicable lnw pn�vides othcrwisc,aU puymenta rccei vcd by Lender undcr puragraphs .
<br /> . � I and 2 shall be applied:first.to any prcpayment chur�es duc uader the Nnte;.econd, to amounts payuble under parugraph 2; . .
<br /> third,to interest due;fourth,to princi pal due;und la�t,to any lute charges duc under thc Ncxc. -
<br /> " . . 4. CharRes; I,icns. Borrowrrsh�ll puy ull toxes, as+essnx:nt+, charges, finc�und imp��sitianti uttrihutuble to thc Property „ �
<br /> . . �. :' , uhich nia� atta;n priocity' utiu�ttii�S�wi ity Iu,duweut. uuel Ir.ixhold puymcut� u� gruu�xl rant�. it'any. Burrower stwlt pay . -".
<br /> these obligutions in thc manncr prc�videJ in paragruph 2.or i t'n��c paid in that manncr, Burrower�hall puy them nn timc dircctly
<br /> to thc person nwcd payment. Burrancr shull pr�nnptly furnish w LcttJcr ull nuticc+��f umount� to tx paid undcr this purugraph.
<br /> ° If Borrower nmkes thcse puyment�JirecQy,Borro�v�r shall promplly furnixh to Lender rereiptti evidencin�!the p:iyments. "
<br /> � - &�rrower�hull prumptly disclur�;e un�liru��•hich ha>{�riority uver thi+S�tiurity Intitrument unle�s Burrower: (u)ugrecs in .
<br /> ` ' writing to thc payment af the cihligaticro securcd hy thc licn i n a nunncr urceptahlc tu I.cnJcr,(hl conte+t�in gcxid faith the licn
<br /> , by. or dcfends uguinst cnti�rrcmciN c�f thc lien in. Ic�;ul pr�kr��Jing. whirh in thc I.cndcr'ti ��piniun c►perutc tc� prcvent the
<br /> j � '• cnforccment of thc licn;or(c)kcurcti froin thc huldcr uf thc licn an agrcema�t,uti,fartury ta Lcndrr.uhurdinating thc licn to ••
<br /> • �' thix Securiry Inrtrumcnt. It Lei�lcrd�tcrmiik� thut uny pan af tlte Propert�• i+tiuhj�rt tu a lirn«•hirh may attain prioriw ovcr
<br /> � this Security Instrumcnt,Lcndcr �nay givc &rrro�ser a notirc id�niit'��ing thc licn. Rurruwrr.hull tiati.fy thc licn or takc one or
<br /> ` morcof thc actiom set tirrth alxw�wiehin lOday+ul'IBr givi ng��fnutirr.
<br /> , ' � ' " Form 3028 9/90
<br /> P.u�e!o�G
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