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<br /> -=-s;_��_„� '!Y?CfETlirR W!TFI aJl�he improvements no�v or harenfter erectcd on thG properiy.tmd all ehserntenta,appurten�nces, �__ _u____._
<br /> nnd fixt�ues now on c�reufter a part of the property. Alt repincements und ndditiona shnti also bo covc;red by th9s 8�curiry
<br /> :--.��=�y� Jnstrumen� All of the foregoing i�refetred to�n this Security lnsuument as the"Property."
<br /> --- - BORdtOWER COVENAN'!'S that Borrowsr is Inwfi�ll�r sefserl of the eswte hereby conveyed and hus the dght ta grwu
<br /> .=:.,���,i.j-, artd convey the Peopertyr and thut the Property is unencumbered,excep¢far encumbrnnr.es of�+ecard. Borrower wnrrants und __
<br /> __-;;.�_,,�,�,.,_�. tid11 defend genemlly the title to the Pro�SErry n�ninqt all claimv and demandq,snbject ro any ert:.umbrnnces of record.
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<br /> °'--"'"'�'ri.' THIS SECURiTY INSTRUMSNT cambines uniform cavenunts for natlonal use and non-uniform covenants with
<br /> ������•���' "' Umited vatisdons by jnriss!lctioin to censtituts n unlfntm recu�ity instn�ment covering�I pmpetty. � _ -_--
<br /> `'�''�"�`s'� ' UNlFORM CO!/SNANTS. Borrower and Lender covennnt and agree as follows:
<br /> •"-�i�:.�.��.,�:'��,:�;',�
<br /> _' ' . 1. Pnyment of Prtncipai and Internst;PirepaymenB and Lut�Chargea Boirnwer shall pmmptty pay when due the
<br /> " ' principal of and interest on the debt ev}denced by the Note and any prepayment aad late charges dus under the Note. __ �
<br /> . � t. �nda tor'lYixxes artd Insurance. Subject to applicable law or to a wrltten wAiver by I.ender.Botrower shall pay to --
<br /> F.' `� � Lender on the day monthly paymenu are due under the Note.until the Note is paid in full,a sum("Pt�nds")for.(a)yeariy �___--
<br /> `��{ ' taxes nnd assessments which may attain priority over this Secudty Instr�ment as a lien on the Property;(b)yearly leasehold _�
<br /> payments or ground rents on the Property. if any; (c) yeady hazard or property insurnnce premiuma; (d) yearly flood
<br /> � Insurance pnmiums, if any; (e)yearly mort$age Inswance premiums.If any; and (n aay sums payable by Horrower to y.
<br /> � Lender.In accordertce with the pmvisions of paragraph 8. in lieu of the payment of m..o�tga$e insurance premiums. These -- _
<br /> , items are called"Escrow Ltems.' l.ender may.at any time.collect and hold Funds in an amaaint not to exceed ttte maFS[mum �_
<br /> � ..�, amount a lender fac a foderad[y c�elated mortgage loan map coquire for Borrower�escm.Y�scount�rcder th�fodeca�E R�al __
<br /> •• . , -. Estate Senlem�eet&meedv.res Fa,cc of 1974 ae amended frorn cirae m eime.A2 FJ.S.�.§2G�C cr seq.("�PAn").untess arr.attt¢r
<br /> law that applies ao the Funds sets a lesser amount. If so.A.ende�roayr.at au�+ti.are.collect ares9 hold lr'wads iru an�ttoUtte�QY to � =
<br /> . exceeQ ulte tesser ataount. Lender may estimate the amQUat af�unds dne on tR¢ bz�sis of cuxrertc data and reasoaa62e �"""�-_
<br /> es6rnates of en�senditures of future Escrow Items or orSterwise in accordance with applica�l�law. >�'�.
<br /> . ' 71te 1Wuids shall be held in an institution whose de�amsis>az�e insured by a federal agency, instrumenta[iLy,o�e�tFity ;!�;,, ,
<br /> �. (inctuding l,ead�r,if Lender is such an institutiaa)or in any�edernl Home Loan Bank. L.ender shall a�ply the F�utc�s co pay ���4=-'
<br /> the Escrow Itern.s. Lender may not ctta.r�e T3a•*.r.ower for holding and applying the Ftmds, annualty aatalyzing the escrow ,�__ `__,.
<br /> ,.,-;, aocount,or vern�'ying the Escrow Items, untess A.ender pays Borrower interest on the FLnds and agplicable law petmIts -�r�-� �
<br /> ' Lender to make such a charge. However.I.ender may require Barrower to pay a one-time charge for an independent real ;i`�,�y�,�:-
<br /> ,%;i;•�••;' ` estate tax c+eporting seivice used by I.,ender in connecuon with this loan.unless applicable law provides otherwise. Unless an "='-
<br /> a ment is made or a lIcable law uires interest to be a�d,Lender shall not be uired to a Borrower an intemst or ��: �
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<br /> � `;;".+� eamings on the Funds. Borrower and I.ender may agree in writing,however.that interest shall be paid on the Ftutds. L.ender �-*--=`
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<br /> ' . . shall give to Bonrower,without charge.an annual accounting of the Funds,showing credits and debits to d►e Funds and the =s.��—
<br /> : �:. - pu,�e far whicQ�each debit to s�c F'vnds was madc. The I�ad,arc gledged s:additianal s�curii;f�r a!I sums�e!��re�by ' -=-°_--
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<br /> � r5� ' this 3ecurity Insuvment. �
<br /> ' `'�""�t .• If the Fiutds he�d by Lender exceed the amounts pertnitted to be held by applica6te law, I.ender shall account to ��ti�,:::�
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<br /> ;E��;��; Boraowar for the excess Funds in accordance with the mquirements of applicable Iaw. If ihe amount of the Funds held by ;?*��' '�
<br /> I.ender at any time is not sufficient to pay the Escrow Items when due,Lender may so natify Borrower in wriung,and.in '` .:ti-._
<br /> ,. „ ' such case BoTrower shall pay to I.ender the amount necessary to make up the deficiency. Borrower shall make up ti�e y�:�s
<br /> deficiency in no more thsn twelve monthly payments,at Lender�sole discretion. :
<br /> Upon payment in full of all sums secured by this Security Instrument,Lender sha11 prompdy refund to Borrower any �'' -
<br /> � � . f�nds held by L.ender. If.under paragraph 21,I.ender shall acquire or sell the Property,Lender,prior to the acquisition or
<br /> � sale of the Property, shatl apply any�nds held by L.ender at the time of acquisition or sale as a credit against the sums �;:-__
<br /> _ ' ' secured by this Security Insuument.
<br /> � 3. Applicat[on of Payments. Unfess applicublc !uw provides otherwise, nU payments received by Lender under
<br /> ';,;, •� paragraphs 1 and 2 shall be applied:frst.to any pmpaymant chazges due under the Note;second,to amounts payable under --
<br /> paragraph 2;third,to interest due;founh,to principal due:and i�t,to any iate charges due under the Note. ' , ,
<br /> 4. Charges;Lfens. Borrower shall pay all taxes, ussessments,char�es, fines und impositions attributable to the ;
<br /> �• Property which may attain priurity over this Securiry Instrument,and leasehold payments or ground rents,if any. Borrower �
<br /> shall pay these obtigaeions in the manner provided in paragraph 2,or if not paid in thnt manner,Borrower shall pay them on
<br /> '" , time directly to the perwn owed payment. Barrower shall promptly fumish to Lender all notices of amounts to be paid under •
<br /> � this paragruph. If Borrower makes these p:�ymenis directly.8onuwer shall promptly fumish to Lender receipts evidencing
<br /> : '• ;'�� " '. the payments.
<br /> '�.'S`.;,. -. ' Borrower shall promptly discharge any lien which has priority over this Security Instniment unless Borrower:(a)agrees •i �'
<br /> •�'`�, in writin to the a ment of the ohti ation secured by the lien in a manner acce tabl�to Lender;(b)wntests in ood faith the ''�`�'r�
<br /> � 8 P Y � P g '�i>,;f;;;:.
<br /> . ' • lien by,or defends against enforcement of the lien in,legal prcxeedings which in the Lender's opinion operate to prevent the • ,
<br /> enfonement of the lien;or(c>secures from the holder of the lien an a�reement satisfactory to Lender subordinating the lien
<br /> to this Security Instrument. If Lender determines that any part of the Prapeny is subject to a lien which may attain priority •
<br /> over this Security Insuument.I.ender may give Borrower a notice identifyinr the lien. Borrower shall satisfy the lien or take •
<br /> one or more of the actions set forth above within 10 days of the giving of notice. ,},,;"`.;,�
<br /> S. Hazard or Property Insurance. Borrower shall keep the improvements now�existing or hereafter erected on the �•��..
<br /> Propeny insured against loss by�re,hazards included within the term"ex:��d:d cav�rage"and any other hazards,ineluding
<br /> floads or flooding,for which Lender requires insurance. This insurar.ce saat[ l'K ma��:ained in !�e amounts and for the •
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<br /> Form3028 9i90 l�w¢�?•,(n�uers� } ,l'��� :i',
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