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<br /> __�-�-�-4m�� TOt}ETHER WtTH a!1 the improvements nn�v or tierec►fter c:rcctcd an tho prape�ty,nnd nil�sem�;�?s,npp�ntcnms�cs, � _
<br /> —� and f3xpm.w naw ar hereafter n pr�at of the properiy. Al�replacements artd eddtdans Fhall ulsa be cov�red by.this Securlty =_
<br /> - instn�men� Aq of th4 foregoin�is reYe�med w 1n ehis SccurIry I�iswment us the"PNaperty." —
<br /> ____��,��,..� B�It�tnWER COVBNANTS that Boaower is lAwfully sei�ed of the c�tate h�reby eomcsyed nnd hus th�e ri�t to�r�qt �
<br /> = - _= and convay the Pnnperty and th�t thd Fraperty is unencumberea e:�scept for encumbmns;es of re.cas+d. Borrower warran�a c�ad
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<br /> ii;�- wil!defend generaUy�he dtle to the P�mperty against uU clalms and demnnsls,subjoct to any�ncumbrnnces of rerord.
<br /> �"`�'''Y�"" TFIIS SEC1JRTf1C INSTRUMENT combiaes unifona cavenunts far nntionul use nnd rto�-nnifonn covennntg with --- _ =_:-v__
<br /> -- _�-- IImited vuriettons by jurlsdlctFon to wnstItute a uniforaa sscurlty instrument coverin�real propariy. •�•;—�—�---
<br /> �;;� � , tJNIFORM CaVL3NAN1'S. Bormsrer and Lender covenant Q.nd a,gree as follo�a: s�,r„�-= -- - --
<br /> �"�:���y 1. Y'Y►yt��eat oi PrU►dp�tl e�d�tee+est;Prepayment and Lflte Chaeges. Borrower shaU pmmptly pay�vhen due the . --
<br /> ,.;:�.=�,��^!�� principai of and interest on the de6t ev�denced by the Note and any prepaymeat and late chargea due under the Note. �_�•,.�_ _�,,,.__..�
<br /> .-�ay,Y..°:�;%;`.; 2. F1�sds far 11t�ces and I�siu�¢. Subject to�ppllcable law or to a wrltten waiver by Lender.Bormwer shall pAy to �,�F_._____
<br /> � "s 7�°" I.ender on the day montbly payatents am dua uuder the Note,un8l the Note is paid tn full,a sum("FLnda")for.(u)yearly � °�' ___
<br /> {� �•�r T taxes aud asses.aments which may attafo.�sreouisy over this Security Inswment as a U,ea vn the P�operty;(b)Yearl y leasehold � _ �" -"
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<br /> ... ,,. , _ . payments or ground vents on the Pro�i�y. i�any: (c) Yea�Y hazard or Prapect�9r ir.tsur�ase p�miums: (d)Yeaz� Q:aed �_� -
<br /> �' ' � insurauce p�+emiums.�F eay: (e)Ye� Aav�e insurarne �cemiums, if any:atcd(� an�sums Dayable by B�cnr.owe�r ro �� -
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<br /> , � Lender,!n accordauce wlth the gmnvissons of�rdragraph 8.in Ueu of the payn�nnt of r�ort�ei insuraace premiams,.. '�Lm�se �'�:���F`•-
<br /> , :. ,c, . items are cailed°�ssmdr Items." E.eader�x►aq.at any tlme.collect and hold�ecds'r:a�a�euuat ant to�sic�ed the maximum �'�,�:�"''":.'
<br /> !t,,.,..:,;���„' `�`•"�'; amouat a lend�r ff�r a federaliy ae[aced ioaor¢gage laan may mqwr� for�orro�rer'�escrorw acoouat uv�er the federc�l Reat � :'=- _
<br /> =��'•�•.:�;.�,.t��:4z:�„' Esta.x Settiemerrt�aoedures Pect of 1�74 as a�nded from tirue to tIme, !2 U.S.C.§T.i6QBl et seq.("RES�A").untess aaother �t'v,--
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<br /> : . ��' � laex f�eat appUes to�he Fluids sees m�esser runount If so.Lender may.at any tiernx,cQue�t aad�►old Punds in an amount aot to ,. _ -
<br /> . :f=�'', oxo�d the lesser amouaG iaa�er may estimate the amount of Pwnds dae on the Qn3sis of cumeat data aad cr�sonable � -
<br /> . . .�''x,", estimates of expeaditurev of future Escrow Items or otkcrwise ia accotdnnce wi¢Ei applIcable law. � ,�..-
<br /> '^���'�� ' 'The Funds shall be held in an institution whose deposits ane insured by a federal agency. insnumentality.or entiry �
<br /> „ " (including Lender,if Lender is such an insdtudon)or in any Federal Home l.va�a�8auk. I.eader shtill apply the Funds w pay _ � �z�i�;;;;Y
<br /> . t he E s c r ow I t ems. L e n d er may no t c harge Bomnwer for ho l d i ng an d app iyi.�g t h e F u n d s.a n n u a U y a n a l y z i n g t h e e s c r o w �• � -��
<br /> aoeo�ent,or verifymg the Esct�ow Items, ualess Lender pays Borrower inteffest on thE F�artals and appllcable law permits , ��_:�:,
<br /> • .. • Lender w make such a charge. However.Leader may�+equire Bomower to pay a one-tirte�charge for an iadependent�+eal ' '"`S„�;.
<br /> :,r��` estate tax neporting se,rvice�by I.ender ia connection with this loan,unless applicable law provides othenvise. Ualess an ���v,_
<br /> � �� • agreement is made or applicable law requires interest to be paid,I.ender shall not be required to pay Bomnwer any interest or " �"F•�M —
<br /> ' . eamings on the FLnds. Bomower and I.ender may agnee in wridng,however,that interest shall be paid on the Funds. Leader � ��
<br /> ' .�•.; shaU give to Bomower, without ciharge.an annual accoun6ng of the Punds,showing credits and debits to the Funds and the : "��..
<br /> , �) " puipose for which each debie to t`t,.�;Fnnds was made. The Funds are pledged as additiont�E secwity for all sums securee!by ;,` � °
<br /> c�` � f'�--`.;y-_ thisSuurt tnsaucsens. `` t `
<br /> ��t?•�f,h If the FLnds hel� by•fl.�nder ezceed the amounts ger�itted to be held by applicabSe faw. I.ender shall accv�u:.t to ,:: �.:.:,;,�'� `'
<br /> ' Bomower for t➢�e encess�nds in accordance with the reqturements of applicable Iaw. If¢Re aznount of the Funds hel� by , ':;�¢'l;t` ;��
<br /> ° Lender at any tin���;�na sufficient to pay the Escrow Items when due,R.e����may so notify Bomower in wridng,and.in „ t, �i
<br /> ° ' such case Bornower shall pay to Lender the amount necessary to raake a��the deficiency. Borrower shall mak9 up the ��'^{,
<br /> deficiency in no more dian twelve monthly payments.at Lender�sate dise��aon. >f�
<br /> Upon payment ia full of all sums secured by this Secur3n au�strument,Lender shall promptly refund to Borroea;�r any : �,.
<br /> � " Funds held by Lender. if,under paragraph 21.I.ender shall acquire or sell the Property.Lender,prior to the acquislcion or �-'
<br /> sale of the Property,shall apply any Funds held by I.ender at the time of acquisition or sale as a credit against the sums , �,��
<br /> " secured by this Securiry Instrument " . :
<br /> 3. Appltcatton of Aayments. Unless applicable law provides o�ar�vise, al! payments receiv�d by Lender under �•;,, ,;
<br /> •��:�:•��<� � paiagraphs I and 2 shall be applied:first,to any prepayment charges due u::der the Note;second,to amounts payable under ;,y;:�� � ; ' ,;�
<br /> �� .)'��,�a, ara h 2; , . �..,.,<. ,�,,
<br /> � ,�.,,; p grap third,to interest due;faurth,to principal due;and last,to any tate charges due under the Note. .�,:_:,.� rg
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<br /> . 4. C6�t�s; Idens. Borrower shall pay aIl taxes,assessments. charges, fines and imposidons attributable �o the .�.�,,,;t�c�,�-�
<br /> Property which may attain priority over this Security Instrument,and lea.s�inold payments or ground rene.c,if any. Sorrower '� '9°
<br /> , shall pay thess u�*:�igatimns in the manner provided in paragraph 2,or if au�:4 aid in that manner,Borrowe�cha11 pay them on ,. ,
<br /> • Hme direcdy to the person owed payment. Bornower shall promptly furnis�h to Lender all noaces of amoun:..no be padd under ���•
<br /> this�a-agraph. Ii Homower makes these paymenu direcdy,Borrower shall promptly fumish to Lender receipts e�ncfe�ceng . ���';�:`���
<br /> the payments. '.,`, �..
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<br /> . Borrower shall prompdy dischazge any lien which has priority over this Se�:urity Insuument untess Borrower:tx;<:trees ' �l�;;_��; �
<br /> in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in good faith the ., � -
<br /> lien by,or defends against enfomement of the lien in,legal proceedings which in the L.ender's opinion operate to prevent the '
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to I.ender subordinating the lien •
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<br /> �".�:;'�;, to this Security InstrumenG If Lender determines that any part of the Pcoperty is subject co a lien which may attain�zioriry ,,:�.�•
<br /> ' ;;•,�^_.��� over Q9�is Securiry Instrument.�,er�der may give Borrower a notice identifying the lien. �a-:-�,wer shall saasfy the Lder�a�r iake ',�}�,;
<br /> �. ome mr more of the utimns sec E�m;th above within 10 days of the giving of notice. • �
<br /> `�"��'� 5. Hamn�m�r Porope�ty Insurance. Borrower shall kcep the impm�•ementx now existing or hereafter erected on ihe
<br /> ° Property insunnd agatinsi loss by fire,hazards included within the term"ex¢c•r+:�c.i coverage"and any other hazards,induding �
<br /> '. .�,t� flmo�s rr fEo�livag. ��.r which L.ender requires insurance. This insurarcae :��1 be maintained in the amounu autd for the � . . .
<br /> •.s1, �,,,:
<br /> ;���.�t+.!� Form3026 9/90 (1'�R�'�l�l�R�s1 � � `. ,
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