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<br /> � „ 'rt1(!E'[HEIZ WTfH�II tho in�Qravemenu now on c�resfter erected an the property.and all e�em�mr.�ppuctenence�.�ax1
<br /> flxture�naw �ir here�fter u pa�t uf the propeity. All rcplucements a»d �dclleiana xhull alsa be cov�rat by thts �ecut���
<br /> � Inatrun�eitt. All uf'Ilte Cureguiu�Is referr�d tcr i►�tl�iy Sccuelty IutiRrw�tient a�thc"Pr�perty."
<br /> � � HUR�tf)WL?It t.'UVLNAN'!'5 thut Burruwcr is lawfldly sclscd nf titc cstatc hcreby�onvayctl strtd lia9 thc right to grant wtti
<br /> � ec►nvey tha Pm�ty �n�i �hat�hc Property fs unencumbercd, cxccpt for encumbrances of recnrd. Bc�rmwer war►�nts a,nd will
<br /> � defenc.�gencNlly thc titte to tha Pro�xrty x ainst atl clnhns and demeixlR,subJcet to any encumtsran�cs af rxord.
<br /> � THIS SEGURisY�NSTRUM$NT�mbit�es uniform cove�nnt�far ra►tlnnal use end non•unifom�aovenants with Iimtted
<br /> i vudatiuns�G�y jur�xltctiura ta sansticute u unifarm�ectirity instrument�ove�ing real properry.
<br /> i CJN1KaRM CUVENANT3.Horrower and Lender coverwnt and agrze as fotlowR:
<br /> .1.P�ytaent o[Pridctptl and intr.re�t= Prepsyment nnd I.ate Cdwr�. �arrower shall p�nmptly p�y when due th�o
<br /> principa�nf and interest.on the dcbt evidenced by th�No;e and any prepnym�nt und luto charge.v due underthe lYote.
<br /> 2.Funds[or Tazes Wnd Inswytnce. Subject to upplioubic luw or to u written wuiver by Lender. Borrawer shall pay to
<br /> s l.ender on tho day monthly paymenw w�o dne under the lVou,untii the Noie is patd in fuU�o sum("Funds') for:(n)yearly taues
<br /> end assessments which may uttain pdoriry over this Security Instrumenl as a Ifen on the Property;(b)yearly leasehold payments
<br /> ' or graund rents on the Froperty,if nay;(q)yearly hazard or property insurnncc premtums;(d)yearly ttood insuru»oe premiums.
<br /> i if any;(e) yearty mortgage insurnncc prcmiums.if any;nnd(�any sums payuble by Borrowtr ro Lender. in accordances wtth
<br /> ! the provisi�ns of p�raph 8. in Iteu of the payment of mortgage insurunce premiums.These items are callod "L�scrow Items."
<br /> L.cnder rtwy�ut uny time, collect and hold Funds in nn nmount nat ta excced the maximum umount u lender for a federally
<br /> c�elated martguge loan may �quire for Borrower's escrow uccount under the federa! Real Estute Setttement Procedu�s Act of
<br /> 1974 as err►ended from time ro tirae. 12 U.S.C. Sectlon 2601 et seq. ("lt1ESPA").�ntess unother luw thm upplles to dte Funds
<br /> sgtA A l�s.scr amount. tf so, Lender muy. nt�►y tin�e. coliect and hold Funds ln nn umaunt rtot to exca�d the lesser umount.
<br /> Lender may estimate the tunount of Furtds due on the basis of curmnt datn ond masanable estimates of expendltures of future
<br /> E.gcrow Items or otherwise in acconlana wlt,k applicnble luw.
<br /> The Funds shutl be held in an institution whose deposjta nre insured by a federal agency, insuumentnlity. or ent�ty
<br /> (including Lender,if Lender is such an instItudan)or in any Foderul Home Loun Bank.Lender shell apply the Fw►ds to pay the
<br /> Escrow Items.Lender may not charge Borrower for holdin�und applying the Funds.unnually enalyzin�the escrow acoount,or
<br /> verifying ihe�scrow Items,unless I.ender paya Borrower interest on the Funds and appllrable law pemuts Lender to make such
<br /> u chnrge.However, I.ender may require Harrower to pay a one-time chaege for an irtdependent real estate tnx ceporting servic:e
<br /> used by L.ender in connection with this loun. unless appllrable law provides othenvise. Unless an agreement is mude or
<br /> upplicable law requires interest to be p�id.Lender shgll not be required to pay Borrower any interest or enrnings on the Funds.
<br /> Borrowcr and Lender may ngree in wridng. however,that interest shall be paid on the Funds. L.endcr shall give to Borrower.
<br /> wit6oac charge, an anwcil accounting of the Funds, showing credits and deblts to the Funds und the putpose for which each
<br /> debtt io the Funds was inade.The Funds are pledged as additional secur[ty for all sums secured by this Securlty Instn�ment.
<br /> If the Funds heid by I.ender exceed the arnounts pemutted to be held by applicuble law.Lender shs�li uccount ta Borrower
<br /> for the excess Funds in accordance with the reguiremenu of applicablc law. if the amouat of the Funds held by Lendcr at any
<br /> tlme es not sufficient to pay ehe Escrow Items when due.Lender muy so notify Borrower in wdtin�.and.in such case Borrower
<br /> shall pay to Lender the amonnt necessary to make up the deficiency. Burrower shall make up the deticiency in no more than
<br /> twelve monthly payments,at I.ender's sole discretton.
<br /> Upon payrtent in fuq of all sums secured by this S�urity Insuvment. Lender shall prompdy refund to Borrower uny
<br /> Funds held by Lender.[f,under parngrnph 21,L.ender shall acquire or sell the Property.Lender,prior to the acqvisition or sale
<br /> of che Property. shall apply any Funds held by Lender sU the dme of acquisition or snle as a credit a6ainst the sums secue+e�by
<br /> this 5er.urity Instrument.
<br /> 3.Applicatlon of Peyments.Unless applicable law provIdes othenvise,nll payments received by Gtnder under paragraphs
<br /> 1 and 2 shnll be applied:first. to any prepuyment charges due undcr the Note;second,to sunounts puyable under paragraph 2;
<br /> third. to Interest d¢e:fourth,to princtpnl due:and lust.to uny late chacges due under the Note.
<br /> d.C�aeges;Ltens.Borrower shall pay all utxes,sisssessmeuts.charges. fines and lmposftions amibutable to the Property
<br /> which muy attain priority over this Seturity Instrument, and leasehold payments or ground rents, if any. Borrower shali pay
<br /> these obligutions in the manner provided in pnragraph 2.or if not paid in that munner.Borrower shall pay them on tlme dicectly
<br /> to the person owed payment. Horrower shall promptly fumish to Lender�II�otices of umounts to be Qaid under this parngraph.
<br /> If Bormwer makes these payments djrectly.Borcower shail promptly fi�mish to Lender receipts evidencing the payment�.
<br /> Bomrnyer sliWl promptly dischur�e any lien�vhich has prioriry over this Security Instrument unless Borrower:(a)agrees in
<br /> wdting to the puyment of the obligatfon secured by the lien in a manner ucceptnble to I.ender;(b)contests in good futth the Iien
<br /> by,or defends ngainst enforcement of the lien in. legal proceedings which in the I.ender's opinton operate to prevent the
<br /> enforcement of the lien: or(c)secures from the holder of the lien an n�reement satisfactory to Lender subordinating the lien to
<br /> this Security Instrument.If Lender detemiines that nny part of the Properry is subject to a lien which may attuin pdority over ,-�
<br /> this Secur�ty[nstwnent.Lender may give Borrower a notice identifying the lien. Burrower shall satisfy the lien or take ane or �
<br /> mor�a uf the actions set forth above within 10 days of the givin�of notice.
<br /> � Fomt 3028 9/90
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