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<br /> - • 'i'(KiETHER WY 1'H all the improvcmenta now or hereufter erected on the prope�ty,und all euacme"n'[y;app�tenunces.a�td �_°-- ^r____ __
<br /> . `��*.����" � fixtures now or heteaftsr a part of thc prapeRy. All replacementA and additians shaU ulso bc covcred by this 5ecudty �
<br /> � �:;:�v,r.»�qi_ - � [nstrument. All of the fomgaing!s teferrecf t��in this 5ecarlty Instrument as the'Araperty." �`"_' ��-•�''��---
<br />- ���'�;,;,�y BORROW�R C4VENANTS that Borcawer ys luwfully reised�f the c�tate hereby convcyed and hus the right to grant nnd --
<br />=_ �, ,.`,.,; I convey the Property and that the Property is uttencumbere�l,exrept for encumbrctnces af record. Borcwver wnrrunts and wjll =
<br />_• "'^•' .^�'; •• • ' defend�eneralty the title ta the Property a�uinst atl claims and demands, subject ta any encumbrnnces of recard. -�--
<br /> - � � � Tl-tIS SF.CURITY INSTRUMBNT combines unifarm rnvennntti for natianal use and non•unifortn covenants with limited
<br />= F'�' �� �. � vurfattana by judsdictian to constitute a uniform yecurit instrument caverin real ro rt .
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<br /> . ;•�';�:� UNIFORM COVBNANTS. 9orrawcr und Lender covenant And agrecas foilows: e= _ �' ° -�-
<br /> ' k,;._�:.. _ ...._:;� 1. Poyment of Principal and Interestt �p8yment and Late Char�e�. Borrower shalt promptly poy when duc thc
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<br /> • � '�;: , .� .� �,'� � principal af nnd lntcrest on thc debt evidenced by the Note and any prcpayment and late charges due under the Notc. .G�'�=�_
<br /> ,;�:.. 2. Funds Por Taxes and It�ucance. Subject to uppticable !aw or ta a written wuiver by L.ender. Borrower shull pay to ��''�!�.���—
<br /> t,_ : � , i Lender an the day monthly payments arc duc under the Nate,until the Notc is paid in fuU.a sum("Funds')for:(a>ycariy taxes • '%�-':r���r----'-
<br /> and assessments which may attuin priority over this Secu�ity Instrument as n licn an thc Property:(b)yearly leasehold paymenu �°' � ':"'"�Y4
<br /> =• •,;�_..
<br /> ' ' � or graund renGs on the Property, If any:(c)yeurly hAwrd ar praperty insurancc prcmium.c;(d)yeariy flood insurance premiums, ''• ' � ._,;._�__ -
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<br /> ,. � � if any; (e)yearly mortgagc insurance premiums, if uny: and(� uny wms paynble by �armwer ta Lender, in accardnnce with � ��.. ��-,_�__
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<br /> � „ the provisions of paragraph 8,in lieu of the payment of mortgu�e insurance premlums. These items are called"6scrow Items." ,_�..�,-�--�
<br /> � � ° I L.ender may. at nny time,collect and hold Funds in an umount not to ezce:c:d the maximum anx�unt a Iender for a federnlly •.. '"' '`;,��-=
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<br /> i< <, � related martgage loar• mny require far Bc�rrower's escrow account under the federal Real Estate SetQement Pracedures Act of "_�
<br /> � ; „ i 1974 as amended from time ta time. 12 U.S.C. Section 2601 et seq. ("RFSPA">. unlesti anothcr law th�t applics ta thc Funds �=`'-_�----
<br /> ''- sets a lesser amnunt. If sa, l.ender may, ut any ttme, coilect und hold Funds in an amount not to excecd the les�er umount. - _
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<br /> "-�'"�"��"'-��-�-� I.ender mny estimate the amount of Funds due on the busis of current data stnd reasonabie est�mates of expenditures ot Puiurc ==---- �
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<br /> , " Escrow Items or otherwise in accordance with applicable luw. r-
<br /> . The Funds shall bc held in un institution whose dep��sits ure insum,�i by a federul agency, instNmentality, or entity � :.��'w�-•���-
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<br /> (including L.ender,if Lender is such an institution)or in uny Federul Honx t.c�un Bunk. Lender shall apply thc Funds to pay thc ����-
<br /> Escrow [tems. I.ender may not charge Bonnwer for holding and upplyin�ihe Fundti,annually anulyzing the escrow uccount,or � '�`';s 4=-�_-
<br /> verifying thc Escrow Ttcros, unles5 Lcndcr pays Harrowcr interest on the Funds and applicablc law permits Lender to makc such � ` , ;__ '
<br /> a charge. Howcvc�.Lendcr may rcquirc Bormwcr ta pay u onc-time churgc far an independent real estatc tux reporting scrvicc � _eaie,i _
<br /> uscd by Lender in conncction with thi+ toun, unlcss �pplicahle laa provide+ otherwise. Unl��s un agrccment iti made or ' �-��
<br /> applicable I�w requires interest to be paid, Lendcr shull not bc required a�pay Borrawcr any intcrest or curnings on thc Funds. .
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<br /> Bormwcr und Lendcr muy agrcc in writing. howcver, that intcrctit shall bc paid on thc Funds. L.ender tihul� give ta Barrower. �� "
<br /> _. �,_� wlthout chur�c. un unnual uca�untinR of thc Fund,, ,howing creditti and dcbits to thc Funds and thc purpose for which cuch .
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<br /> debit to thc Fund�wus made.The Fundx are pledged nti additioual tiecurity fnr nll sums sccured by this Sccurity instrument.
<br /> `' If the Funds held hy[.c�xler excecJ the umounts permittcd to bc held by applicable law, l.ender shaU account to Borrower o ,
<br /> for the excetiti Funds in xconianc�with the rcquirement�uf applicablc taw. If the umount of the Nundti helJ by LcnJer at uny •
<br /> � ° timc is not sufCtcicnt to pay thc Escrow•ttcmti whcn duc,Lcndcr ma�• u� nalify Brn7owcr in writing, and,in .ruch ruxc Bormwer •
<br /> shall p�y to Lrnder thc amount necess;�ry tn make up the dctiricncy. Borrower,haq make up thc Jetiriency in no morc than :e
<br /> tw�ivc monthly paymcnts,st Lcndcr's ralc di,cretion ^� �
<br /> ° Upon puyment in (uU ��f up +umy .ecured by thi, Security In�irunxnt. I.endcr +hall prompt�y rcfund to Borrowcr any
<br /> Fundti helJ by I.erxier.If,unJer par�graph 21. (Ander.hul l acyuire��r+eli thc Propeny. L.ender, p�inr t��the acquitiition or sdle r?•. �,.
<br /> � of the Praperty,tit�all apply any Fund+held hy [.ender at the time uf acyui�it iun��r+ale us a rrcdit againtit the wm>>ecureci by r,•
<br /> this Sccuriry In+trum�nt. � ���
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<br /> i. Applicnti�n�f Poyments.Unlc++upplicablr law pruviJr�uthcrwi�c, all paynunt.reccivrd by Lrixicr undcr parugraphs " "�",•�''�
<br /> „ 1 and 2 tihall hc uppl icd:fi��t. to any prcpaytnent rhargrs dur undcr tlic Nut�:�erund. to amount� payuhlc unJer paragraph 2: �,��'-:'r-
<br /> third.to intere5t due: tiwnh,t�principal duc:unJ la�t,to any l:ur chargr+due und�r thc Nutr. �- ,�� '�
<br /> '" 4. Cha�es: Licm.B•irrou•er.hall pay aU taxr+, a.+e.+ment., rhurgeti, tinc�and im�,itiom attributahle tu the Property -�
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<br /> � which may nttain prioriry i�vcr thi>Srcurity In.trumcnt. und Ira,rhold p�ymcut. w g�uun�i nuu. u uny. tsarraw•cr +huU puy ,. �,"-
<br /> � these obligation.in thr manncr pravidrd in paragraph?�,r if nut paid in that nwnner. Barrowcr�h:dl puy thcm on time dirrrtly � i
<br /> to the per,on oweJ paynxnt. Barruwrr tihall prumptly t'urni.h tu Lcndcr:dl m�tirr+uf um��unt.a�hr paid under thi,paragraph. i ; ' . _ �
<br /> If Borrowcr mukc�thr,c paymcnt.dircrtl�. Borruticr�hall prumptl� turni.h t�,Lcndcr r�rript�cvidetxing thc payment.. I • �'
<br /> � Borrowcr.h:,ll�r�,mptlydi.rhargc.ut) li�n whirh ha�priurity rncr Ihi. Sccurit� Instrwnent uale�ti Borrowcr:�a►agrcr. in E �1,
<br /> writing to thc paynk��t uf th�ubligation.rrured h�•thc licn in a manncr:rccc{�tahlc ta[.cndcr: Ih►rumr�t�i»�ocxl fuith tltc licn
<br /> by, or Jcfend. a�ain.t cnfc�rrcmcnt uf'thr lirn in. Ic�:al prurrrding+ ahirh in tlic Lendcr'.upiniun nperatc to pre��nt the �
<br /> • cnfurccmcnt ot'thc licn:ur (rl�rrurr.fr�nn thc hulJcr af thc lirn an aErumcnt.ati.tacmn R,I_cnJcr.uh��rdinating thr licn tu i '
<br /> thi�Security ln.trumcnt.If I.�nd�r drtcrmicm. Ill:ll :111\ part nf thr hru�rn� i.�uhjrrt t�,a lirn whirh �n;n auain pri��rit� „��cr • '
<br /> tbis Scrurit�• In.trumcnt.►ArnJrr may gi�r Burruarr a n„tir�iJ�ntil'�•inz ihc lien. Rurr����rr�hall.ati+fy thr licn ur takc�mc ur i
<br /> m��re uf thc actiom+ct timh aMirr�cithin 1 O da"ut th�gi���n�uf nntir�. '
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<br /> Form 3026 8/90 j
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