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<br /> -_��,x,._,�„�6Yf1ia lnst�t�j�3cnt. AII�O�f IIIC glil'i.UOlilj��s eWfcrred to in o�iis 4�cu�aiy 1n:;U•u��icnt r.�tii�"t'.•u��;iy. ,
<br /> -=----'_= • iiQREtOW�R COV[?Nfl.NTS tl»t Ban�n•er ie lawful:y seiscd of the estatc hc�eby conveycci tt�d hns th�rigl�t to grant -.__.
<br /> --'-,�"_�"""4=r'�! ; nnd convey�i�o Propsrty c.nd U�at th��'r�pe�ty i9�ancii�umhered.except far encumbr�uicr.s af rcco►•d. �orcawcr�vnrrants and -
<br /> � wll�defend gener�liy thc title to the Pr�perty against nll claims und deinands,subject ta any enc�unbrunces of record.
<br /> -- - -"�''+��>an=�!� TNIS �F?CURI'TY INSTtYUPr1EIo11' cm�nbines u►aifor�n covcn;ui�v far nitlonnl usc nn�i no�-unffor�n cu��cnants wltl�
<br /> (l limlted varIations by jurisdlction to wrtstitute n unefomi secudty instrument cove.i�g neal prope�ty.
<br /> ------=-_-�� ,-
<br /> UNIFORM COVENANTS. Dorrowcr and Lender covenant and agrec as fbllows:
<br /> ---- � 1. Hayment of Prtncip�l snd Iuterest;P�epwymenR And Late ChHrges. Dorrower sliull promplly pay wlicn due the
<br /> prirecipul of artd lnterest on the debl evidenced by ti�a Note and any prepayment�nd lute chzuges due undcr the Notc.
<br /> -_-_ ---- 2. Funds[ar 11ixes and I�tsurence. Sub�ect ta applicable Inw or to a written waiver by Lender,mono�ver shall pay to
<br /> ��-��-� - Lender on thc dny monthly payments are due under tho I�fotc,unril the Note is pald in full,a sum("Funds")for.(a)ycariy
<br /> -- ---- - taxes cu�d asscssmcnts which may attain priority over llils Security InsPrument ns a Hen on the Property;(b)yearly leasehold =
<br /> _,�� payments or�raund rents on the Property. if�ny; (c) ye.uly hazurd or property ii�surance pmrruums; (d) yearly fload
<br /> - insurance pren�iums, if any; (e) ycazly mortgage insurance premiums, if uny; and (� any sums payable by Rozro�ver to
<br /> °���i 3�-�� Lender,in accordance wi�die ptovisions of paragraph 8. in lieu of t he payment of mortga�e insurance premiums. These
<br /> _:_�°":=n��.'�'� ttems c�ne caUed"Escrow Items." Lender may,nt any time.collect and hold Funds in an amount not to exceed the maximum
<br /> __?-___;,:�.;�,� amount a lender for a federally related mortgage loan may requlre for Borrower's escrow account under the federnl Real
<br /> --•.���� Estate Settlement Procedures Act of 1974 As amended trom dme to time, 12 U.S.C.§2601 et seq.("RE.SPA"),unless unother
<br /> __a_�6:.:e",T➢t2a[ia
<br /> --,-.��<�'��.,�,'� law that applies to thc FY�nds sets a lesscr amount. If so.Lender may.et any time.coUect and hold Funds in an amouut not to
<br /> =�"'�.L.�;;,r:`?�:, excee.d the lesser�unount. l.ender may estimate�he nmount of Funds due on Qie Lasis of curee�t data nrd rasanablc •
<br /> ��,.ry;..
<br /> -�� t r 9 esUmates of expenditures of future Escrow ltems or othenvise in uccordance with applicable law. �
<br /> "�-'�'�"�"�'.''�' The Flmds shall be held in an insd:ution whose deposits are insured by a federal agency, Instrumentnlity. or entity
<br /> i;:;�;�;_��," ;, ; (including Lertder,if Lender is sur.h nn insdturion)or in nny Fedcral Home Loan Bank. Lender shall apply t8e Funds to pay �_
<br /> �,-.=;;->�#''��J� ; the Escrow Items. Lender may not cltarge Borra�ver for holding and applying the Funds, aiu�unlly analyzfng the escrow
<br /> •� - account, or verifying the Escrow ltems, unless Lender pays Boaower interest on the Ftinds and applicable law pe:�mits —
<br /> `"' ' ' � Lender ro make such a charge. However, Lender may reyuire Borcower to pay a one-time charge for an independent real
<br /> .rW�• � ' ' estatc tux reparting service used by Leader in connccuon with this loan,unless applicable 1u��provides otf�Envise. Unless an �_.
<br /> ''' � � '' ' agreement is made or applicable law requires interest to be paid.Lender shall not be required to pay Borro�vcr any interest or
<br /> ,. . � esimings on the Funds. Borrower and Lender may agree in wriung,however,that intcrest shull bc paid on the Funds. [.ender �.r:
<br /> m�
<br /> . shali give to Borrower,without charge,nn unnual accounting of the Funds,showing credits and debits ta the�nds and the
<br /> " purpose for which each debit to the Funds was mAde. The Funds aze pledged as aciditional security for all sums secuc+ad by �
<br /> -. - thic Crrnritv htctrument. ---
<br /> ' ' If therFunds hcld by Lender exceed the amounts permitted to be yeld by applicable law, Lender shall account to -
<br /> � Bonower for the excess Fdmds in accordance�vid�the requirements of applicable luw. If the amount of the Funds held by -
<br />` " L.ender at any ume is not sufficient ro pay the Escrow Items when due, Lender muy so notify Borrower in wridng,and,in --
<br /> - such case Boaower shall pAy to l..ender the amount necessary to makc up the deficiency. Borrower shall make up the �
<br /> � � deficiency in no more thnn twelve monthly payments,at Lendcr's sole discrzUon. _=
<br /> " Upun payment in full of all sums secumd by this Security Instrument, Lender shnll promptly refund ro Borrower any �-
<br /> � Funds held by Lender. If, under paragraph 21,Lender shall acquire or sell the Prupeny, Lender,prior to the acquisition or —
<br /> ' " ! sale of the Propetry,sh111 apply any FUnds held by Lender at the time of acquisition or sale us a credit against the sums ��°
<br /> Isecured by this Security]nsvuinent. �-
<br /> � 3. Application of Ps�ymen�s. Unless applicable law provides otherwise, all payments received by Lender under �'""
<br /> � ara ra hs 1 and 2 shall be a ued:first,to an re a ment char es due under the Note;second.to amounts a able under ��
<br /> ' P s P PP� Y P P Y fi PY r':�
<br /> . � paragraph 2;third,to interese due;fourth,to principal due;and last,to any late charges due under the Note. �==�:
<br /> • 4. Cherges; Liens. Borrower shall pay all tnxes, assessments. charges, fines and impositions attributable to the �"=
<br /> ' ' pro rt which ma attain riori over this Securi Instrument,�nd leasehold a ments or ound rents.if an . Horrowcr �-'
<br /> _ . P� Y Y P �Y ►Y P'Y ST Y �€�:
<br /> " ,; . j shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manncr,Borrower shall pay them on �.�-�
<br /> ' �� ' time directly to the person owed payment. Borro�ver shall promptly fumish to Lender all notices of arnounts to be p�id under
<br /> ' � this paragraph. If Borrower makes these payments directly,Bonower shall prompdy furnish to Lender receipts evidencing �-`
<br /> . . . ' the payments. ��'.:
<br /> Borrower shall promptly discharge any licn which has prioriry ovcr this Securiry Instrument unless Borrower:(a)a�rces
<br /> in writing to tire payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in gaod fnith the '
<br /> � lien by,or defends against enforcernent of the lien in, Iegal proceedings which in the[.ender's opinion operate to prevent the ��'.;
<br /> `�-;�ti enforcement of the lien;or(c)secures from thc holder of the lien an agreement satisfactory ro Lender subordinating the licn
<br /> _�,y- .
<br /> to this Securiry Insuument. If Lcnder determines that any part of the Property is subject to a licn which may attain prio►9ty
<br /> . over this Security Instrument,Lender may give�ortower a notice identifying the lien. Botro�ver shall satisfy the licn or take ,
<br /> ,;q:* �. one or more of the acdons set forth�bove within 10 days of thc giving of notice.
<br /> •� 5. Hoznrd or Property Insurance. Borrower shall keep the improvements now existing or hereafter crccted on thc
<br />__. Property iusured against loss by f►re,hazards included wid�in the term"cxtcnded coverage"and any other hazards,including
<br /> • ;;�.� floods or flooding, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the
<br />�:, .• Ebrm 301J3 9/90 (page 2 of 6 pagesl
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