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<br /> i.�xn��::a i�u�v u; itc,�:�Rc•r a p:�v� ni ili:.: py�.:�ciz�. All rct�l.".CCfiltnt, en-� r�?ditiuj�� �1�:�11 i�t�n It� cnvc,cr� b� t1iL^ . _ . �:�t.v ��.-=
<br /> �'-�;>x�-;1�;.:,;:r+� ; a. Cytslr�.tji�.n3.All t►6lbc fur�^otn[�is�.:fcrt��l tn in tisi4 Sccuriry in;truuz._u n�,e�tc:"!��•r�F_iiy." I':
<br /> - - :��;� �IOYd420W�li COVEtVAN 1S th•,�t�urro�ver is I�wfuil,y seiscQ of the c�tate ticr�by co��vcyt�l m��!ir.,;ai,�iiz;ii3 m}..,:�;Y :;i:=� �t+:_-'
<br />-�:^�•1�??��`��"_•`��"'�.;..,��;�,'t,"� canvcy t1�e Prcpeety and Ui1t the Prro�rty is unefzcumberecl.excLpt for�:ncumbranec;s of isear4l. Du��'dnti�ca- �varra��t� ::nd wNl
<br /> - defcnd ger�eraUy the title to the 8'ropeny abotnst a!1 slaim9 an�den�ands,FuP�ject to uny c:►cwnbrac�ces�if r�cord,
<br />_�:..��..�____�"""���".;� TIIIS SC?CU�ITY INS7 RU1�IENT combines wiiionn cavcn�nt9 for nati�nal usc arxl nnn•uniforui cu���nants witl�limitod
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<br /> - `°--`°�__ �adc►tion�by jurisclictian to constitutc a unifori��se�.uri.y lu,:�iwi:.+�t cc:vering s^^ p�t+�°t1Y. -
<br /> f1NlFORM COV�NANTS.Borrawer and Lcnder cove�u►nt and o�rce as follows;
<br />��_,::�:�Mr?��.��W� ment and Lyte�harRes. Borrower shail pron�ptly pay when due the
<br /> --_.--�,�.Y�e�� 1. Payment aP I�rincfpal and Intrrest;PrepnY
<br /> 4 �'°'�"' .a�"°�-.� principal af and interest ou the debt evidenced by the Nate and uny�repayment and Inte eiiar�es Jue u�adex�he Note.
<br /> r�,�,��'� 2.F'uadc for Taxes And �nsure�tce. Subject to applicable law or to a written�vaivcr by l.ender, Lionower shatl puy ta
<br /> ------�_'n�:����.� I.ender on the dny monthly payments;�re duc under the Note.unlil the Note is paid in full,a sum(°Funds")foe (a)yaurly taxea
<br />�v="��%�' ar,d assessments which in:►y attain priority aver this Sc�urity Instnment ns A lien on thc Properry;(b)yeurly le�ehold payr�ents
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<br /> . "W�"'s'="`i� orgrour.d rents on the Property.if any; f�)y�dy hazard or pro�rty insurance premiums;(d)yearly f�oa1 insurmicc prem'sums,
<br />__.`�+` ,� Y-,.:'' if a�ny;(e)yeady moztgage insurance premiums, if nny;nnd(� any sums payable by Borrower to Lender, in accordanoe with
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<br />__�„�:T. �� *•�� the pxovisions of paragmph 8, in lieu of die payment of mangage insucance premiums. Tiiese items ace calleci"IEsrrosv Items.
<br />=�'��� '�•r� Y.tndcr may. at any time. wllect and hold Funds in an a�nount not to exceed the maximum amonnt u lencler far a fode.�uily
<br />-_.��-��,,:.;��.;,,�:�;�' nlated mortgage loan may require for Bocrnwer's es¢row accaunt undcr the federal Real Estate Settlement Procedares Act of
<br />--�""°""''�s='���•'� 1914 as Tmended fram time to time. l2 U.S.C.Section 2601 et seq. ('RESPA"). unless anothcr law that applics ro the�unds
<br />_��ti:.��� '�'`'�� sds a lasser amount. If so, Lender may,at any time. collect and hold Fuads in an amou�►i��uf to e�c�.� th:.l���: am�sat. -,.
<br /> ""��` . , Lender may estimate the amount of Funds duo on the basis of current data and repsonable cstimates of expenditures of futuce
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<br />?�,����'a�• �� � � Escro��Items ar oiherwise in accardance with epplicable Iaw.
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<br /> ��,n��Y,�M° . The Funds shall be held in an institution whase deposits are insured by a federal agency, instrumentality, or entity
<br />-`' ' � ' (including Lender,if Lender is such an �nstitution)or in any Federa!Home Loan Bank. I.ender shall appfy tho Funds to pay the
<br />'���` ' Escrow Items.Lender mny not charge Borrower for holding and appl�ing the Funds,annually analyzing d�e escrow account,or
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<br /> �'�'�"�`'d�t�� ��' �, ven!'in the Escrow Items,unless l.enzier pays ffiartower interest on the Funds and applicable la�v pemvES Lender to ma'ke such
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<br /> - :,x;,� L.:;.,;r.4.,X a char6e. However, Lxnder may require Borcow�r to pay a one-time charge ffor an independent real estate tax repaning service
<br />�^""` '''��'"'``'''�''' used b l.ender in wnnectian ��•iu�n tixis loan, a�nless applicable law provides otherwise. Unless an agreement is mtide ur
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<br />_- �'-'•',� ." epplIcable I[tw requires interest to t��paid, Lender shall not be aequired to pay Bonower any interest or earnings on the Fu s.
<br />• '�' '� ' � � "" , Borrower and I�.nder may ugree i�writing. however, that interest shall bc paid on ths Funds. Len�d�er shall�ive to B`o.�m��owcr,
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<br /> ��� . vrithout chargc, an annual accounting of th�Funds, show►ng c�redi[s and deuiu iu iuc ruuw au
<br /> i'�,`•`������� � � r debit to the Funds was made.Tbe Funds are pledged as additional security for all sums secured by this Securiry Insuument.
<br />="�:�'�.'���'� �� ••��n � If ahe Funds held by Lender er�ceed the an�ounts permitted to be held by applicabte law.Lender shall accaunt to Borrower
<br /> ��� `�?����` � � tor iht�xcess Funds in accorclance with the requirements of applicat�le law. If the amount of the Funds held by Leader at any
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<br />-��, � ,'`��;;��;r ',•+, riine is not sufficient to pay the Escr9w Itc[r+�s when due,Lender may so notify Borrower in writing,and,in sudi case Bonower •
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<br /> `>' +�{";�• •--fS'' '. shLill pay ro L.ender d�e amount necessary to mar;e up the deficiency.Borrower shall make up the deftciency in no more than
<br /> �;'z'�'�+"�°4�°*•^^�•'w�- � - twelve monthly payments,at I.ender's sole discr�cion.
<br />=`'��';'r"� ` '''' • Upon payment in full ef all sums secured by this Seturiry Instrument, Lender shall pramptly refund to Borao�ver;uiy _:
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<br />-� r,,,w,•..,••4•r:.,,;_•.-- Funds held by[..ender.If,under paragraph 21,Lender shall acquire or sell the Property,l..ender,prior to the acquisition or sale i`..�_
<br /> _,•,,;':..::, • •� •:,; of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by �
<br /> �'����' �°,�,•'%�`� �iis Sccurity Instrument.
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<br /> �"�',�''��=4��^�'� 3. AppllcaElon of h'ayments. Unless applicable law provides othenvise,all payments received by Lender under paragraphs �.:
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<br /> '°� �.`r '"""'°'°r`: I and 2 shall be applied: first, to any pr�payment charges due under tlie Note; second,to amounts payable under paragraph 2;
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<br /> - � �'�`�L"r+'�- third,to interest due;foueth,to principal due;and if+st.to any late charges due under the Note.
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<br /> :xW;;�:_:��' ��� 4. Char�e5;Ltens. Borrower shall puy aU taxes,assessmcnts, charges,fines and impositions attributzble to the Property
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<br />��1e==�a •-� �•` � which may attain priority over this Security instrument, and leasehold payments or ground rents, if any. Bonawer shall pay
<br />_'.`.�:.Y.::;� : tliese obligations in the manner provided in para�r�pfi 2,or if not paid in eh�t manner, Bonower shall pay them on time directly
<br />�„;��,: • '•`�>.,:�i;.,,;, to the person owed payment. Borrower shall pmmptly furnish to L.ender ali notices of sunounts to be paid under this paragraph. ;
<br /> ��`:"`� `� If Borm�ver makes these payments directly. Borrower shall promptly fumish ro L.ender receipts evidencing the payments.
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<br /> a' ;= .,��`',,��1 Borrower shali promptly discliar�e any lien which hati priority over this Security Instrument unless Borrower:(a)�grees in .
<br /> -:�,�;,;;: , writin�to the payment of the obligation secured by the lien in a manner acceptable to i.ender;(b)contests in good fwith the lien . ,
<br />-- —'"' . � by. or defends aga:ast enforcement of the lien in, legal proceedings �vhich in the Lender's opinion operate to prevent the
<br /> �`��` ° ° enforcement of the lien; or(c)secums from the hnlder of the lien ari agre,ement satisfactory to Lender subordinating the lien to
<br /> •�'�' ' � ihis Security instcument. (f Lender determines that any part of the Property is subject to a lien which may uttain priority over
<br /> —`='- ' , this Security Insnument, Lender n�ay give Borrower a notice identifying the lien. Borrower shall satisfy the lien or cake ane or
<br /> " • � more of the actions set for.h above�vithin 10 days of the giving o�natice.
<br /> ;;`i � , � Form 3028 9/90 (
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