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<br /> TQC3�#�lEt W►T13 dl the imp�nvemeaa nnw ANereaRa erec �u�d�dditia�ih�l� ilw br covered�by�� -
<br /> �urd flxwcr.a aow aar l�roatler t p�t ot tbe praparty �'ePi�'� ,
<br /> lnsonum�t. AII of the fore�aiq{i�n[orred ta ln this 5�cadty iau�un�mt�u the"Propecty." . ,
<br /> BORRt?W[iR C4VANAM'S tl�t Bcxr4wa i�Inwluil�aised of the atat�hereby conveytd an�f hu the right ta gcant
<br /> � �nd cQnMay the Pimpaty a�tnd tlut the P�opeAY i�unee�eua�be�nd,exee�p.t�f�o,�t�eocumbrance�af�eooid. Bo�rawa war�ot++�d
<br /> k l!!ct�.`c:.d�rn�ally t3t�[5�1�1�fl tIM!PY1'MI�SS�I�V�II16I A�l CIS7II���l1I4W,sub,�at to any encUmbr�nces of record.
<br /> TEUS 9F�CIJRITY INS'i'[IUMENT combina+wiiform covaunu fa a�tiawl we aad noa-uniform covepwu wId►
<br /> timitad vrti�ion�by jw�d►ction to conatitute�unif«m�ecutiry tiuwutent wvering tral propeYty ..
<br /> UNlEaORM�:UVBNAN7'S. Bonn�ve�+nd unda coveawt aad agroe u foDowe: •
<br /> lo P��a�M ot PsM�rlpd aral Iata'a!i PreB��o�t+���' Bcxrowes ehwA p�+nmptlY[z►Y w1�due the
<br /> p�incipnl ut aad inte�est on tt�e debt ov�ideaced by tUo Nota aad�nY Qr�ePaYment end lute charBea due tuider the Notc.
<br /> 2. F�far'lyuta and Ioarxnca Subjxt to applicable law or to a wrttun waiver 6y Lender.Bo�ruwcr shall pay to
<br /> Lender on ihe day mot►tt►IY P�►Yments are due under the I�Yoto�watil the Note is peld in full.a suin("Fnads")for.(a)YeaTly
<br /> nexes ia�d easessmeeta whicb maY at�in Prlw'��Y over this 5ecurtty Iastcumeat as�lk�u �0�mi�i��id�Yearl�y A�ood �
<br /> pay�meats a growid rrnb on tbe P�tolxttY��snY�(����Y�� if un�a d(��►Y s►uas PaYable by Bozmwer to �
<br /> inauru►ce prtm3uws. if enY:(a) Y Y
<br /> Lencier,in a�ordance wjth t►�e provisions of paragtaph 8.in lieu of the pnyment of mostgage iasurAnce premiuma 'It�ese
<br /> items arc c�]led"Escmw Items" Lendcr may.at aay tlm�.coUect and hold Funds in an nmount not to excecd tho maximum
<br /> emount a lender for�fedenlly rol�cal mortBaEe loan may rcquiro for Bormwcr's essrow acxount under the fedeial Real
<br /> g,star�gctttcm�ru�ea,ae.9 A�c of 1974 ag amer,ded fmm�a dme.12 U.S.C. $2601 et seq.("RESPA").unless anothxr _
<br /> !uw tttat applies W the Funds sets a Eesser amonn� If so.L,ender may.at any tLae,coAect an�l hold Mu►ds In an am�ount aot to
<br /> �x��1���A�, ��er may estirnate tt�e amoum of Pru►ds due on the basis of curnnt data aad reasonabk
<br /> esdmates of expenditures of fuWt+e Sscrow Items or othenvise in accordance vv�th epplicable law.
<br /> 'lt�a punds shaU be held in an insdwdon whosa deposits are iasured by a fedeml agency. inslrumentality.ur enttty
<br /> (Includiag Lender.if Lende:is such an lnstitudun)or in any Federa:Home Loan Bank. L.euder shall apply the Funds w paY
<br /> the Bscrnw Items. La:nder anay not charge Bomower for holding and applying t3ie E�Unds,aanually analyzin8 the escrow
<br /> accoun� or verifyIng the Bscmw Items, unless l.ender paya Ba:rower iatenst on tho Fliads and appUcabie law pemaita
<br /> Gender to mai�e such a charge. However.Leader may crqaire Borrower to pay a oae-time charge for an independent real
<br /> estau taa nporting seivice used by Lender in connzcdon with this loan.unless applicable law provides otherwlse. Unless un
<br /> ag�eement ia made or uppucable law�equires interest to be Pald.Lender shall not be�equ[red to pay Borrower any Interest or
<br /> eaca{ngs on the Fhnds. Borrower and Lender may agree In writ�ng�however.d�at interest shal!be paid on the Funds. Lend�r
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<br /> shall give to Bormwer.wlthout char�e,an annual accounting of the Funds,showing credits and debits to the Fuads an e
<br /> Purposa�or which each debit tu t�Ci I�nds��a�d.:. Tlse Fua�s Ar�gl!�tge.ci ac addidonal seeurity for al!sutas seeured by = -
<br /> this Stcurity Insuument
<br /> If¢'ae 1�1Ynds heId by Lender eaceed the amounts pemdtted to be held by applicable lnw. Lender shall account to
<br /> Borrowcr.for We excess Aunds in accordancc wlth the recluireme�ts of appllcable law. If the amount of the P1�nds held by
<br /> Lender et•aay dme is not sufficient to pay the Escrow Items when due�Lender may so nodfy Bomnwer ia writiag,and.in
<br /> such case Bosmwer shaU j+uy tm[.ender the amount aecessary tu make up the deficiency. Bonuwer shall makRS up the
<br /> ' defi�ciency in no more than twelve monthly payaients,at L.ender's sole discretlon.
<br /> Upon payment in full of aU suaos h�Lender stiall a quireor seU the pPrropeny. PLendepr�pdor t�o the acquis do or
<br /> Futtds held by Lender. It.uader para�p _
<br /> sale of the Pmperty.shall apply any Rinds held by L.ender at the time of acquisition or snle as a credit against the sums _R_
<br /> sect�t�ed by this Secutity IpstmmenG ■a;r
<br /> 3. Applkation nt Payments. Unless applicable law pmvides otherwlse. ell payments received by L.ender uader =__
<br /> para�apha 1 and 2 shall be appHed:firs�tp enY Plepayment chnrges due under the Note:second.to autounts payable under ,,,,,`�
<br /> parag[aph 2;third.to interest due;fowth,co princlpa�due;aad last,co eny late charges due uader the Note. a��.-
<br />- 4, . C'liarges; Ltena. Horrower shall pay all tcuces, essessments.charges, fines s�nd imposIttons umibutable to thB ���^
<br /> properey�which may attsin�rtodty over this Securlcy Insuument,and leasehoid paymeats or gound rents.if eny. Bo:rower �.,
<br /> shaU pay these obligadons in tho marmer provided in paragrnph 2,or if not paid in that manner,Bon�owcr shall pay them on �y_,
<br /> tjme direttly to the person owed paymenG Borrower shall pmmptly fumish to I.euder aU notices af amounta to be patd under k;=-
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<br /> thts paragrapb. If Borrower malces these payments directly.Bomower shail pmmptly tbmish to Lender receipu evidencing �,�
<br /> the payments. �-�.:;
<br /> Bor[ower shall prompdy dlsthnrBe any lien which has priorlty over this Secudty Instmraent unlesa Borcower.(a)agrees �,,,.,_.
<br /> ia writing co the payment of the obliganon secured by the lien in a manner accepta6le to L.ender,{b)contests in good faith the pZ;r�:
<br /> Ilen by,or defends againat enforceraent of the lien ia.lesal p[oceedin8s which in the Lender's opinion operate to prevcnt the �}: �
<br /> enforcement of the llen;or(c)secures fmm the holder of the lieq an agoeement sadsfactory to I.ender subardinating the lien M, �::
<br /> to this Security Insmimen� If Lender detemtines that any part of the Pmpecty is subject ro a Uen whicu mny attain priority +�•��
<br /> over thia 5ecurity Insavment,Lender may�ive Bocrower a aotice identifytng the lien. Bonawer shall satisfy the Iien or Wke �; .'
<br /> one or�note of th�actiona set foith nbove within 10 days of the giving of notIce. '��,�
<br /> S. H�rd or Property lostuance. Botrower shail keep the impmvements now existing or heceafter em,cted on the
<br /> property insured against loss by fue.hazarda included within the term"extended coverage"c+nd any other hazattiis.including
<br /> tloods or flooding.for whlcb I.snder requires insurance. 'll�is insurance shull be matntatned ln the amo�mts snd for the
<br /> Gono 30Z8 9/90 IpoBe 2 ojb page.r)
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