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<br /> 7'IXI�THFR W[TH aQ the improvemeat�rtow or heneafter orected an the pmpeny.audl bU ensements�,appurtenances.
<br /> and fixtans now on c�rcafter a parc of the pmpercy. All replacements and additions shall ulr+o 6e covcred by this Security
<br /> Insuument. All of tho forcaaing iR refermd to In thia Security Instrument ua the"Property."
<br /> BORROWBR CQVENP.NTS thnt 8otrowec is IawtWly relsed of the cwtate here6y conaeyed and hns the dght to grant
<br /> and ronvay tho Pcoperty und thut the l�ropxrty is unencumbered,except for encumbrnnces of�eeord. Boaower waerants and
<br /> w1U defend genGrnlly tho title ta the Property aguinst nll clnia�and demonde.subject co ony eacumbrances of record
<br /> THIS SBCURITY INSTRUMEN'T cambines unlform cavenuntx for rtauonal use and non-uaiform covenants with
<br /> Hmlted voriadons by jurlsdiction w cussdtuto u uniform sccuriry instnrment covering real pmperty.
<br /> UNIF�RM COV ENANTS. Bomnwer and[.ender covenant and ngneo us followa:
<br /> 1. Paytttent oi Prladpat and Interest;Preps�yment and i.ate Charges. Borrower ahall promptly pay when due the
<br /> pdncip�1 of und interest on the debt avidenced hy the Note aad any prepayment und lute charges due under the Noto.
<br /> 2. �nds for 7bxes w�d Iasurance. Subject to applicable law or to a wdtten wniver by Lender,Borrower ahall pay w
<br /> i.ender on the day monthly paytnents nre due under the Note.until the Note is paid in full,a sum("Funds")for.(u)yearly
<br /> texes end t�sr+essments whIch may atUiln priority over thia Security Insuutttent as u lien on the Property:(b)Yew'lY leasehold
<br /> puymeuts or ground rents on the Property, if any: (c)Yearly hazard or property inaurance premiums: (d) Yeuriy flood
<br /> � lasumnce pr�einiurr�. If ar►Y;(e) yearty mortgage insurance premiums, if any:and(� aay swus payable by�orrower to
<br /> , t Lender.in accordaace with the prnvisfons of parngraph 8.in lieu of the payment of mortgage insurance premiums. These
<br /> t�,��Q s' ltemy cue called"Escrow Items.' Lender may.ut any tlme,coUect and hold FWnds in an amount not to exceed the ma�imum
<br /> `""�+''"y' aatount a leader for a federelly related mortgage loan may require far Borrowers escrow account under the federal Real
<br /> � Estatc Settlement Pnocedures Act of 1974 as ameaded from time to time.12 U.S.C.§2601 et seq.("RESPA").naless another
<br /> �`l�,':� .
<br /> � ;�;��a��_*',, law that uppGes to the Plinds seu a lesscr umounG If so.Lender may.ut any clme.collect aad hold�nds in an amount not to
<br /> ���;�;.:.��;;,:-_.;�, exceeci the tesszr amaunt L.endcr may csdm�te the a�nount of Fl�nds due on the basia of cwtent duta and reasonable
<br /> t �^F�„ri.� estjmates of eatpendiques of fuwre P.�crow Items or otherwise in uccordance with applicable law. ,
<br /> � , ��,, The Fands shall be held in an institudon whose deposits are insumd by a federal agency. insuumeataUty or entity
<br /> ;= ,T , .. • (including Leader,if L.ender is such an insdtudon)or in uny Federal Home Loan Bank. Lender shall apply the Funds to pay ,.�''
<br /> � �:�;�i,�`:. the Esccow Items. L.ender may not charge Bomower for holdin� and applying the Funds, annually analyzing the escrow •
<br /> �•�''••. ;:�•• . ..,� � account, or verlfying the Fscrow Items, unless l.ender puys Borrower Interest an the �nds nnd upplicable law permits . .
<br /> ����;�,;�,�gr�,-,;..�� ., Lender to make such a charge. However,I.eader raay require Borrower to pay a one-time charge for un independent rea! ` ' :
<br /> ;��;�;����Ny�,_Y estete tax reporting service used by Lender i�connection with this loan.unless uppllcuble law provides othenvise. LTaless an :��•:,.
<br /> . ,a^�.:�' �'• agreement is made or applicable law requires interest to be paid Lender shull not be required to pay Borrower any intemst or
<br /> �:,:+�'.`' - .,,. ,; earnings on the Ftmc�s. Borrower und Lender may agree in wridn�.however.that intcrcst shall be pnld on the Funds. Lender
<br /> °'���' - - shnll give to Borrower,wiWout charge,un unnual accounting of the Funds.showing credits and debits to the Funds end the
<br /> �%'•- purpose for which each debit to the Funds was made. 'Ihe Ft�nds aze pledged ns addidonul securlry for ull sums secured by
<br /> ' • this Securtty InsuumeaG ..
<br /> .� �-�;, .� � � If the Funda held by Lender eaceed the amouncs pecsnicced to be hCid i�y spplicable iaw. Le�sder sha22 sccousst su
<br /> ,.•� .,.:
<br /> ..,;, Bornower for the excess Funds in uccordance with the requirements of applicable law. [f the amount of the Funds held by 4:�,�.
<br /> I.eader at any tlme is not sufticient to pay the Escrow Items when due.Lender rnay so noufy Borrower in writin�,and.ln 5�,ti-
<br /> '���� . '• such case 8orcower shtill pay to Ixnder the amount necessary to make up the defieiency. Borrower shall meke up the ;�tr`�
<br /> "i..... .
<br /> •.-i�•i�•• .. •• deticiency in no more than twelve monthly payments,at Lender's sole discretion.
<br /> ���;'?ff` `�`';�<<' ent in full of all sums secured b this Securi Instrumen�Lender shail rom tly refund to Sorrower any
<br /> :a;: a .t:i;t.�.;t U n Y �Y P P
<br /> •,;'��;;• • �� ,•.��� Funds h ld b�L.ender. If.under paragraph 21.Lender shaDl acquire or seU the Property.Lender.pnor ro the acquisidon ar
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<br /> �r;�:� °i}�••• � • • sele of the Property.shall apply any Flmds held by Lender at the time of acquisitlon or sule as a cmdit against the sums
<br /> , i,�:;'
<br /> p}' '
<br /> .• �,. .R., •. •• secured by this Security Inst�umeaG
<br /> ••��•.s���.-�• • •� � .� 3. Appucation oi Aayments. Unless appHcable law provides othenvise, all payments received by Lender under
<br /> ��•�-�- paragraphs 1 and 2 shall be applied:firs�to any prepayment charges due under the Note;second.to amounts payable under
<br /> ='e� � patagraph 2;thiid,to interest due;fourth.to principal due;aad lest,to any late char�es due under the Note.
<br /> kr;..::.;...
<br /> ,�,�}�,,..;-...;.. 4. Charges; L.lena Borrower sheil pay all taxes. assessments.cherges. tines and imposiHons attributable to the
<br /> }�+�r:" ::�-���•�:•. F'','+ Properiy which may attain priority over this Security Instcumen�and leasehold payments or ground rents, if any. Bomower .
<br /> "'"" "'"• • shall pay these obGgations in the manner provided in paru�raph 2,or if not paid in that manner,Borrower shali pay thectt on
<br /> "'~''•"• • ��� time direcdy to the person owed payment. Borrower shall promptly fumish to L.ender ull nodces of umounts to be paid under
<br /> ;�� .•_ • this paragraph. lf Boirower makes these payments dic�ectly.Borrower shall promptly fumish to Lender receipts evidencing
<br /> �-.,t� .:i.c,r:: the payments.
<br /> '���� � :�'�•r?, Borrower shall promptly dischar�e any iten whtch has prtodty over this Security Instrument unless Borrower.(u)ag�ees
<br /> :'��=�- • s{•'.;<;" in wridng to the payment of the obligation secured by the Ite�in a manaer ucceptable to Lender,(b)contesta in good feith the
<br /> � liea by,or defends against enforcement of the lien in,le�al proceedings which in the Lender s opinion operate to prevent the
<br /> • � enfanement of the llen;or(c)secures from the holder of the lien an agreement sutisfactory to Lender subordinadng the lian
<br /> . ° w this Securlty lnsuuaeen� U Lender determines that any part of the Property is subject to a Iten which mny attain priority •
<br /> uuae
<br /> �, . over this Security Inswment,L.en�er may give Borrower a notice identifying the lien. Borrower shaU sattsfy the lien or take
<br /> � � one or more of the ac�ons set fonh above within 10 days�f the�iving of notice.
<br /> �'-•�=°" �; 5. Hu�ard or Property Insnranoe. Borrower shall keep the improvements now exisdng or hereaRer erected on the
<br /> ° S .: P�+nperty insured against loss by fire,hazards included within the term"extended covecage"and any other hazards, including
<br /> ' floods or tIoociing, for which Lender requires insurunce. This insurance shall be maintained in the amounts and for the
<br /> ,-;.•.
<br /> ' • ;;°,:.'�•:�.:
<br /> • -,;r,t..� Form 3Ut8 9/90 IG�+Be 2 oJ6 pagtsl
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