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<br /> Ciit�fl)iCxif�'i�iliV(%"t�i���,::!ft_r n;��`it(i�{E:'_^.(ii'A�i�il3l. /a��1�;3��CCiiY_ii2 i(`�if�i!13��i�l6ili::{e'��.^:�':U�1:!COJCf�"ft�iy1(d''�:-;�:.!'S.�Sj� ,
<br /> II15fCUYi1CIlY. All of tl�c foregr��ng'sa ra:errcclto in this Sccwity Inst�uincnt a�thc"Frc�p:.rry:' �-���
<br /> m(�RRt1WEr C.O�LNAN'I'3 that�orrower is lawfully�eiscd af thc cstat�c hereby co�avsycd sn�has tl�c ragl�t to grant –
<br /> a��d convey the F'�per��nnd that Ihe Propeny is unencumb2red,cxcepz for c�tcu�ub�tutces of rccot�d. Suirmvcr warrancs ttnd
<br /> wiU defen�l generally tfie d�le m the Prape�ty against all clain�s u►td dema�uds,subJcct!o any enc�unbrencsa of recoul• _
<br /> 'I`e:lS S:.�U::ITY !I�'S7'P.aP.7�?N?' cam4r+n-^• unlf�m� covrnnntq inr nationa.l �i9r, nnd non-uniform covcnants wlth
<br /> limit�xl vuiations by jur�sdictfon to canstitute a unlfortn security instcun�ent covering rcal property.
<br /> UNiFQRIuq COVBNANT3. Bo�rowet and i,cnder�cavenant apd agree as follaws:
<br /> 1� Psymmt ot Princdp�!u�d Inter+est;Pve�saymient w�d L�te Cl�Arges. Bonowzr shall promptly pay when duc e}ic
<br /> principal of and interest on tha debt evldenced by the Note and c+ny Qrepayment and late chnrges due under the Note.
<br /> 2, �nds[or'INx�and Ic�surante� Subject to upplicaible luw or to a wiitten waiver by Ixnder.BorrAwer shall pay to
<br /> Lcnder on the day monthly payments are due under�he Note.untll thc Nute is paid in tull,a sum("Fuuds")foc:(a)ye�lrly
<br /> taxes and assessmonts whicfi may attsin pdority overthis SecuriC�instrument as a Iien on the Pmp:,rty;(b)ycarly le�.:ehold •--
<br /> �eymc�us or grwnd rents on tlie Pro�ccrty+, if imy;(c) yearly hazard o�property insutancc premiums; (d) yearly flood
<br /> �nsurance preaniums, if any;(c) yearty martgage in,urance prc:niums, i�any; and(� any sums payAblc by Hona�ver to
<br /> Lender. in arcordance with the provisions of paragraph 8,in lieu of tUe payment of morigage insurance premiums. T'nese
<br /> items are called"Escmw It�ms." I.�nder may,at any tir�ie,coUect nnd h�ld Funds in an amount not to exceed the maximum
<br /> amnunt a tender for a federally related m�rtgage laan may cequire for 13orrowers escrow account under tl�e federtl Real =_--_
<br /> Estate Settlement Procedures Act of 1474 as amended fram time to time,12 U.S.C.§2601 et seg.("RESPA"),unless another ;,
<br /> lat�lhet E►pplles to t�te Funds sets a lesscr amount. If so.Lender may.at anY time,collect and hold�nds in an amount not to �'_��
<br /> excced thc lcsser lmount. I.ender mny estimate the amount of Elunds due on the basis af curxent data and �aaonable
<br /> esdmates of expenditures af future Escmw Items or otherwise in accordance witti applicable law.
<br /> 'Chc Funds shall be held in an instinidon whose deposits are insured by a federal agency, instrumentality, or entfty =__
<br /> (includiag Lendcr,if L.endcr is such an insutution)or in any Federal Home Loan Rank. Lcndcr sh:�l apply the Funds co pay n=-
<br /> the Escrow [tems. Lender may not chazge Borrower for halding and appfying the Funds,:u�nually analyzing the escrow �,
<br /> uccount,or vcrifying the Escrow Itcros. unless Lender pays Docrower interest on lhe Funds and applicable law pennits _--
<br /> L.ender to make saeh a charge. However,L,cnder may require Borrower to pay a one-tIme char6e for an independent reul
<br /> esu►te lax reporting service used 6y Lender in connection with this laa.*�.unless applicable law provides othemise. Unless an —
<br /> ugreement is made ar applic�ble law requires interest to be paid,Lender shall not be required to pay Hc�rrower any interese or _
<br /> camings on the Funcis. Bunower and Lendcr may agec in wriang,however,thnt interest shall bc pvd on the Funds. Lender
<br /> shall givc to Borrowcr,without charge,am m�nual aaounting of the Funds,showing creAits und debits to t4te Funds and thc _ _
<br /> pucpose for which cach debit to the Funds was madc, 'it�e Funds are pledged us additional security for all sums secumd by _-
<br /> tais Securicy Insuumcnt. `� �
<br /> If the Fvnds held b,y I.endcr exceed the anxounts permitted ta be. held by upplicable law. Lender shall account to �,�
<br /> Borrower far the excess Funds in accordancc with thc requircmenes of applicable law. If the amount of thc Funds held by �
<br /> Lcnder at auy dme is not sufticient to pay the Escrow Items when dae,Lender may so nodfy Borrower in wridng,and, in
<br /> such case Barrower shall pay to Lender the amaunt necessary to make up the deftciency. Bonower shall make up the �,;.-..-
<br /> deficiency in no more thun twctvc monthly payments,at l,cndcr's sale discreuon. ��.�
<br /> Upon payment in full of all sums secured by this Securiry Insuument,Lender shall promptly refund to borrower any �.w�
<br /> Funds held b I.ender. If,under arst ra h 21,Lender shall p uirc or sell the Peo Lender, prior to the ac uisipan or �t:p
<br /> y P S P �9 Pe1*Y� 9 I'.:�.::,
<br />- sale of the Propetry, shall apply any Funds hcld by Len�er at the time of acquisition or salc as a credit against the sums �--�
<br /> secured by this Security Instr�nicnt. �:. -:
<br /> 3. Applicatlon ot Ps�yments. Unless applicuble !aw provides othenvise, all payments rcceived by Lender urtder --°
<br /> puragraphs 1 and 2 shall bc applied: first,to any prepayment charges due under the Notc:second,to amounu payuble under 'it
<br /> paragrnph 2;third,to intccest due;fou�th.to principal due;and last,to any late charg�s duc undcr the Notc. _Ty
<br /> 4. Chorges; Lfeps. Borrower shall pay all taxes, assessments, charges, fincs and imposidons atvibut�161e to the •'*�
<br /> Property which may auain priority ovcr this Securiry(nsttument.and leasehold payments or ground rents,if any. Borrower ".Y"�;
<br /> shall pay these obligations in the manner providecl in para�ph 2,or if not paid in that manner,Boaower shall pay them on �,';
<br /> timc directJy to tt�e person owed payment. Boirowcr shaU pmmptly fumish to Lender all noticcs of amounts to tse paid urtder
<br /> this paragraph. If Borrower ma.kes these payments dircctly, Borrower shall promptly furnish to Lender reccipts evidencing
<br /> the payments. �
<br /> Borrower shull prompdy discharge ssny lien which Nas prioriry over this Security Instrument unless Borrower:(a)agrecs __
<br /> in writing to the payment af the obligation secured by the licn in a manner acceptable to Lender;(b)contests in good faith tl�e ,�
<br /> lien by,or defcnds against enforccmenc of the lien in,legal proccedings which in the Lender's opinion operate to prevPnt the
<br /> enforcement of the lien;or(c)secures from d�e holder of the lien an a�reement satisfactory to Lender subo�inating the lien
<br /> to Uiis Security Instrument. if Lender determines that any part of the Property is subject to a lien which may attain prioriry
<br /> over this Security[nstrumen4�nder may give Borrower a notice identifying the lien. Borrowcr sh�ll satisfy the lien or take
<br /> one or mon:of the actions set forth above within l0 dnys of tt�e giving of notice.
<br /> 5. Hazard or Property Insurance. BoROwer shall keep the improvcments now ezisting or hereafter erected on the
<br /> Property insuc+ed against loss by fire,hazards irtcluded within the term"extcnded covcrage"and any other hazaYds,including
<br />– floads or flooding, fos which Lender�equic�es insur�►►ce. This insurance shall be maintained in the amounts and for the
<br /> Fortn 3025 9/90 fpaRr 2 oj 6 pa�;esl
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