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<br /> 'F'OI�L'THF:12 WIT�i rlt the fmpmvemrnl+r nuw�w heneaftsr enxted cxt the rt�and+�tl e=aaen�ien��iriawx:es.
<br /> Pn� Y•
<br /> aM Fixtu�ea nuw�x henatter a p�t of the p[openy. AU replrcement�+�nd ackfit�un�shall aJaa bc covaai hy thi�Security
<br /> ln�tuma�t. All of the for�e�oin�is rcfened to in thia Security lnstrument as 16e'P�npelty."
<br /> BOIRRQWE'R CUVENANTS that�anrowcr is lawfully seisod�f�he e�t�te herehy conveyed and h�s Ihe right to�ant
<br /> aad�oovey the Ifiopaty�nd dwc the Pro�erty i►uaarcuml�ed.except foc eocumbnnoea o!recad. Batawer w�rranu nnd
<br /> will dtfrnd genendly the eiilc to the Pmperty against all claims ud dertunde,aubject�o sny eocumbr�ncs�of rocord.
<br /> TH1S 5I?CiJRTfY INS'iRUMEN'I' combines unitam covenanU Ycx nationai use and nat-unitcxm c�vcn�u wiu�
<br /> limited vuiadons by jurisdiction t�consNluu a unifo�m+ecurity insWment coveriag rcat propert,y.
<br /> UN1FOCtM COVENANTS. Borrower and L.endec covsnnat and agree a.s follows:
<br /> 1. P�ymeat d Prind�l wed Interat;l're{wyment urd L�te Chr�ea. Bcxrc�wer shati promptlY p�Y when due the
<br /> pcincipid��f and inu:rest on the ckbt evidcncai by the Note und any prcpayment and latn charges due unckr tlx Note.
<br /> 2. I+bnds tor'Itixea and lmur�nce Subjett to applicable law or to u written waiv�r by Lender,Borrowor shall pay to —
<br /> Lendcr on tha clsy monthly nayments are dae�m�r�he Nota,until ihe Note is paid in full,a sum ("Funds")fOr.(a).yearly
<br /> taues und assessments which may attaln priority over this Security Inswment as a lien on the Property:(b)ycnrly leauhold
<br /> payment� a ground rents on thc Property, if any; (c) yearly hazard vr pcoperty inxurance prcmiums; (d) yearly flood
<br /> insurance premiums, if uny; (e) yexrly mortguge insuranc.e premiums, if any; and (�any sums payable by Bormwer to
<br /> L.ender,in accordattce with the provisions of p�,rragraph 8. in lien of the payment of mortgagr. insurance premiums. These
<br /> items are called"Escrow Items." Lendcr mny,at any ti►tte.colle;.t and hflld Funds in un amount not to exc:eed the maximum
<br /> amrwnt a lender for a fedcrally rdated mortguge lo�in m�y requine for SorroKier's escrow account w►der ihc federal Reul
<br /> EsuUe Settlement Pmctxlu�s Act of 1974 us amendcd Crom time ro time, 12 U.S.C.�ZGOI et seq.("RESPA"),unlsss anather ,
<br /> law that applies ro the Funds sets a lesser;unuwil. IE�u,L�Li�de`��jay,at any timc.co�tcct and h�id�ands in an:unount not to
<br /> exceed the lesser amounG i.endet ruuy e:,timate the nmo�nt of Funds due un the basis of current data and reasonable
<br /> esdmates of expenditures of fuwre$scrow Items or otherwise In accordance with ap�licnble Eaw.
<br /> The Punds shall Fx: held in an }nstituflon whose depo�iGe ars insured 6y. a fcdmal �gency, insaumentatity, or entity
<br /> (including L.ender,if Lender is such an institudon)or in any Fedenil Home Loa;i�nnk. Lender shall apply 3he Funds to pay •
<br /> the Escrow Items. Lender may not charge Borrower for hol�ing und applyIng the Fl�nds,annually analy�zing the esemw
<br /> accuunt, or verifying the Escrow Items, unless Lender puys Borrower interest on the l�mds and applirable law permitc
<br /> I..ender to make such a charge. SoweVer.I.cnder mny�eyuire Borrowex tn pay a one-lime charge for an indcpendent real
<br /> estatc tax reporting servicc used hy Lender in connection with this loan,unless agplicable!nw provides othenvise. rJniess an
<br /> agreement is madc or applicable law requins interest to bc paid,Lendcr sliall not bc required to pay Borcower any interest or
<br /> eamings on the Funds. Borrowcr and L.ender may agrr,e in writins,however.that interest shull be p:sld on the Funds. I.ender
<br /> shall give to Bomnwer.without charge,an annaai accounting of the Funds,showing credits and debits to the Funds and the
<br /> pwpose for which euch debit to the Funds wus made. 1'he Funds are pledged as additional security for 1�1 sums secured l�y
<br /> this Suurity Inswment
<br /> if the Funds held by Lendor esceed thc amounts permitted to!>e hcld by applicnble law. Lcnd�:r shall accoum to
<br /> Borrower for ihe excess Funds in accordunce with the requirements of applicable law. Tf�he amount of the Funds helJ ny
<br /> Lender at any tima is not sufficicnt to pay thc�scrow[tems whcn due, Lendcr may sa notity Borrower in writing,and,in
<br /> � such case Boaower shall pay to L.ender the umount necrssary to malce up the deficiercy. Borrower shall make up the
<br /> deficieacy in no more diun twelve monthly payments,at L.ender s sole discreaon.
<br /> Upon paymcnt in full of all surns sccurcd by this Securitp lnstrument, Lender shall proinpdy refund to �orrower;m.y
<br /> Funds held by Lender. If,under pnragraph 21,Lender shall acquire or sell the E'roperty, Lender,prior ta the acquisidnn or
<br /> sale of the Property,shall apply any Funds held by Lendcr ut thc timc of ucquiaition ar salc as a crcdit ugainst the sums
<br /> secured by this Security[nstrument.
<br /> 3. Applicadon ot Payrrents. Unless applicable law provides othenvise, all paymcnts reccivcd by Lender undcr
<br /> par.��raphs 3 and 2 shall be auplied:first,to any prepayment chargcs duc undcr thc Note;serond,to amc�unts payablc under
<br /> puragraph Z;thir�i,to interest due;fourth,to principal duc;and last,to uny{atc charges duc under thc Note.
<br /> 4. Char�s; Liens. Borro�ver shall pay all taxcs, assessnxnts, charges, tin�s an�irnposidons attributable to d�e
<br /> Property which may attain priacity over this Security Instrument,and Ieasehold payments or grouncD renta,if any. Barower
<br /> ahall pay these obligntions in the manner provided'+n paragraph 2,or if not paid in that manncr,l�onowex sh;�ll pay them on
<br /> time di�cdy to thc person owesi puyment. Borrower shall prompdy fumish to Lcndcr all notices of amounta to be paid under
<br /> this pamgrrph. If Borrower makes these�ayments dimctly,Borrower sh;ill promptly fumish to Lender receip�,evidencing
<br /> thc payments.
<br />- Ho►�rower shall pmmptly dischz�rgc any lien which has priority over this Secuciry Inswment ui►less Borcower.(�)a�cees _
<br /> in writing to the payment of the oblisation s�ured by the lien in a manncr acceptablc to Lender,(b)contctits in goai faith thc
<br /> lien by,or defends ag�insi enforcemcnt of thc licn in,legal proccedings whirh in the Lcnder's opiniun operate to prevent the _.
<br /> cnforcement of the lien;or(c)secures fmm thc holder of thc lien an agreement satisfactory to Ltnder subordinating the licn
<br /> to iliis Security(nstr�menG If Lender determines that any part of the Property is subject to a lien which may uttain priority _
<br /> over this Securiry Insqument,Lender may gi�•e Borrower a notice identifying thc licn. B�;�wcr shall satisfy ehc lien or take
<br /> ane or mvrc af the actions set forth above within 10 days of the�iving of notice.
<br /> S. H�rd or Properiy I��surance. Borrower shatl kecp the improvemcnts now existing or h�:�:after erected on thc
<br /> Property insured against loss by fire,haz:irds included within the tem►"extrn�ed coverage"and any o:h���s ha•r.,uds,including
<br /> . tloods or flooding, for which Lender requims insurance. This insurance� �hall be mainwie►cd in the amounts and for th�
<br /> ' Fomt 3028 9/90 Ip�At 2 oJ6 paRttl
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