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<br /> .; ' ���'��''�� T�Ci�TNER WITH�Il the improvements aow or hereufter erectcd on the nroperty�ttnd ail enssment�,nppurtcrtejices,
<br /> �-� _
<br /> .� • ' ; ' Ali re lar,�ments und addidons ahall also be wvercd by this Secuelq+ = --
<br /> .-- - '- ' urtd fixtures now or hereatter a part of the property. p
<br /> • ' Insuunten� All of the foregoinII is refern�t[u i�i this��nnty Insssument as!he Ptc►�styf. . ---- --.,-_
<br /> .- :��u;:�;r�
<br /> BORROWBR C:OVENANTS thut Borrower is lawfully seised of the estute hereby conve�ed and hax thc dght to�^aut
<br /> and convey the Psogerty und�hut tha Property is unencumbered,except for encumbranc�s of iocord. Borruwer warrnnts and
<br /> . - ° ���ill defend genernlly the title to the Progc�ty agoinst all clnims and demands,eubject W any encumbtances of r�xord. ______
<br /> ' T H I S S E C U R l T Y WSTRUMENT combi�tes w�iform covenants far nationul use and non-uniform covenstnta with �
<br /> .. � limited variu@onx by Jurisdiction to constttute a uniform securlty insuumeat covering ceal praperty. �
<br /> ��,—�_
<br /> - - UNQ�ORM COVENAN'TS. Borrower and Leader covenant en d egree as fo l lowa: a when due the �
<br /> 1. Pnyment of Prindpal and Enterest;PrepaymeM and Late Ch�ge�. Borcower shell promptly p y :—°•°
<br /> � .---,--
<br /> principal of and intere�t on the debt evidenced by the Note and any prepayment aad late charges due under the 1Vote. ;�_s_-_
<br /> 2. I�a d n f o r�u c e s arcd Iznsurauce. Sub ject to applicable law or to a wrltten wuiver by Lender,Borrov�er ahall pay to ��:�___.
<br /> Lendcr on the day monthly paymer.ts ere due under the Note,until the Note is paid In ful1.a sum("Funds")for.(a)year ly =LL-��_ _
<br /> taxes and asseasments which may attain pdority ovcr this Security Instsument as a lien on the Pnoperty;(b)Yc,�ttiY leasehold _ ______
<br /> P P �' � (d) Y Y 6°�-:_-�
<br /> paymenta or ground rents on the Progecty, if any: (c) Yetu ly hazard or m e msurarcce(rremiums: earl flood -_----- ---
<br /> insurance premiums, if any; (e)yearly mortgage insurance premiums,if any:and(� any surns payable by Bomower to :zt,.—__—
<br /> � Lender.in accordance wlth the pmvisions of paregrnph 8,in lieu of the payment of moctgage insurance pmmiums• 'I'hese -�,�-�r_^�
<br /> items are called"Fscc+ow Items." I..ender may,at any t�me.collec�aud hold FLnds In an amount not to exce.ed the maximum : -•-�.�-._-
<br /> u
<br /> , � �;�::�-
<br /> amount a lender for a federally relnted mortgage loan may requise for Borrower�s escrow account unde�the federal Real .�,�'_.T
<br /> Estate Settlrment Procedures Act of 1974 as amended from time w time,l2 U.S.C.§2601 et seq. ("RESPA ),unless anather ; ---
<br /> ' law that applics to the Funds sets a lesser amount. If so.L.ender may,at any pme,colicct and hold Funds!n an amount not ts� :� :.•':�,
<br /> exceed the lesser amount. I.ender may esdmate the amount of f�nds due on the basis of cument data and reasonable ; T. =-
<br /> esdmates of expenditures of future Fscrow Items or otherwise in accordance with applicable law. '.~�'.u=•`
<br /> The Funds shall be held in an insdtudon whose deposits are insured by a federal agency,instrumentaliry.or endty .,:�,.`_-
<br /> � (including I.ender,if Lender is such an institudon)or in any Federal Home L,oan Bank. I.ender shall apply the Funds to pay : ,;.,;�
<br /> , the Escrow Items. I..ender may na cherge Borrower for holding and applying the Funds, annually analyzing the cscrow ' ,.:.,.'��,c��.•.:.�,,,,,
<br /> ' account,or verifying the Escrow Items,unless Lender pays Borrower interest on the FLnds and applicable law pexmits :��.'�;;.,��,�-,_�-
<br /> L.ender to make such a charge. However.I.ende�may require Botrower to pay a one-time charge for an independenc real , z..-
<br /> estate tax reporting service used by Lender in connectian with this loan,unless applicable law provides othenvise. Unless nn .cj'x' -��_
<br /> • agreement is made or applicable Iaw requires interest to be paid.Lender shall not be required to pay Borrawer any interest or Y ;�'
<br /> earnings on the Funds. Bomower and Lender may agree in writing,however,that interest shall be paid on the Funds. Lender �,;�=
<br /> shall give to Borrower,without charge,an annual accounting of the Funds,showing credits and debits to the Funds and the =�!-==_
<br /> _- _=_- puipu�a fur ivhich cach d:.5'si to the Funds��as mndc. Tl�P Fundc are ptedaed as additional securiry for all sums seeured by '�,`�-
<br /> this Security Insuumertt. `�'` "'-
<br /> If the Funds hetd by l.ender exceed the amounts permitted to be hetd by applicabie Iaw. Lender shall account to �.°Yp,;__,,,Y
<br /> ,;,,,;,3<---
<br /> Borcower for the excess Funds in accordance with the reyuircments of applicabte law. If the amount of the Funds held by 1,{ , ..•
<br /> l.ender at any time is not sufficient to pay the Escrow Items when due,Lender n�uy so notify Borrower in writing,and,in �::
<br /> such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower sl�all make up the ' ';u�,
<br /> deficiency in no mon:then twelve monthly payments,at Lender's sole discnetion. _
<br /> Upon payment in full of all sums secured by this Security Jnstrument,Lender shall promptly refund to Borrower eny _
<br /> Funds held by I.ender. If,under paragraph 21.Lender shall acquire or sell the Property.Lender,prior to the acquisition or ,
<br /> sale of the Property. shall appty any Funds hetd by Lender ut the time of acquisition or sale as a ctedit against the sums .�':;�
<br /> secured by this Security Insuument.
<br /> 3. Application of Payme:�ts. Unless applicable law provides otherwisc. a11 payments received by I.endcr under
<br /> �, paragraphs 1 and 2 shall be applied:firse,to any prepayment charges due under the Note;secand,to amounts peyable under -
<br /> paragraph 2:third,to interest due;fourth,to principal due:and last,to any Iate chazges due uncler the Note. .,
<br /> 4. Charges: Q.iet�s. Borrower shall pay ail taxes, a�se�smenGs, churge�, fincs and impn�;tions amibutable to the _
<br /> Property which may attain priority over this Sec:urity Instrument,und leasehoid pnyments or gmund rents,if any. Horrower -,
<br /> � shall pAy these obligation�in the manner provided in pazagraph 2,ar if nat paid in that mnnner, $orrower shall pay them on
<br /> time directly to the person owed payment. Borrower shall promptly fumish to Lender all notices'8f amounts to be paid under
<br /> '.I this pazagraph. Tf Borrvwer mal:es these payments directiy,Barrower shall pramptly fumish to Lcnder receipts evidencing
<br /> '� the paymentti.
<br /> � Botrower tihall promptly discharge any lien a�hich ha�priority over this Security In�trument unless Borrower:(a)agrees
<br /> i in writing to the payment of the n6ligation secureJ hy the lien in a manner acceptable to Lender; (b)contestx in good fnith the
<br /> lien by,or defends againxt enforeement of the licn in,legul prnceedings which in the Lender c opinion operate to prevent the ,,
<br /> enforcement of the lien:or(c>secures from the holder of ihe lien an ugreement�atitifactory tu Lender,ubordinating the lien
<br /> . • to this Security In.trument. If Lender determines that an}•part<�(ihe Propeny is�ubject to a lien which may attain priority
<br /> over this Securiry Inswment,Lender muy give Borrower a notice identifying the licn. Borro�ver shall sutitify the lien or take �.
<br /> one or more of the actions set forth uhovc within l0 dxy�of the giving of natice.
<br /> , 5. Hazard or Property Insurance. Borrowcr shall kcep the improvement�now existing or hereafter crected on thc i
<br /> Pmperty insured aguimt lo+s by fire,h:vards included within the term"cxtended cuvrrage"and any other hazards,including i • , ;� ..
<br /> . flaxiti or flaxiing. for which Lcnder rcyuire� in+uranrc. Thi> insurancc shall lx maintaitkd in thc amounts and for the .
<br /> Fi�rm 3021t 9/90 rp�i�r?�,)6 pux<�,�� .
<br /> �� �.,. ,
<br /> , ' _'__ _ _
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