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<br /> -�ry rro , � TOGEFt�ii t�►ITH al}the impmve�ts Bow ar Dereaftsr etected�an the pro�erty,and aIl easements,appiutenances, _`�,.:•__-' y�_ ---
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<br /> -= and S�ctiaes now or h�eafter a part of tbe pmperty. All replace;aents aud additions st�all aLso 6e ooveied try this Secntity ,, . ' . ,' . --
<br /> �:� ``� "`� Ins�ent. All of the fo�going is refeaed tA in this Secority insuvm�nt as the°PtaPerty." `� �� .
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<br /> '�'"�.'�.• ` - �.,,,� . BO�.ROWER COVENAI�PIS that Hatmwer Is lawfiilly seised of the estate hereby oonveyed and 1�as the right to grant . � . , . --
<br /> _ _ .`� asd canvey the Pmperty aad that the Rogetty is aneacumbeted.exssPt for eacumhrinces of record Barrawer warraats aad ' . , .. _-
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<br /> ` ... w�l defend ge�eiat►y the.titte to t�e Pt+op�ty agamst all cl�ms and demaads.subjzct to any enc�brances of recocd. . . . -
<br /> `��`t ' THIS SECtJRITy INSiY�tlJNiEMi'combiaes unifoim covenants for naBoaa] use and aon-uoifotm covenants with � .� _
<br /> ::,;�'.�� n ,� limited vtaiati�s 6y jurisdiaion W constitu�a uniform security insuumen:covering real P�oPErtY• _ . --
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<br /> � M-� �_.-. �= UiV�ORI'�COVENAI�'S. Burro�es ara!Leudsr mv�nant aad agree as follaws: . -
<br /> . �� �payr��t ui�ad�al and Int�+�t;p�epaymEnt aad Lttte C�uges. Borrower shall prompdy pay when d�e fhe
<br /> . ' p r i a c i pat o f and iaterest on tLe debt evidenceci b y the Note and an y pre p a y c nent a�d late cdnrges daz under the Kote. < ' -
<br /> „� - y' Ftiad.s Por'�haes and Irisas�aQr� Subject to applicable law or to a written waiver by L.endg�.Borrower shati pay fa '` � '��.*v.,:;;_.
<br /> - � , I.euder on tIIe day monthly payments are due uader the Note.until the Nate is paid in fuli.a snm t"F'unds")far.ta)yearly :� ���;�,�.,:�_��:�`_-
<br /> ; �, : � 'w�ces and assessments w�Ich may attain prioriry over this 5eciuiry Instrumcnt as o Iten on the Pcoprrty:(b)ycarly deasehol� < . . ,.-F�=r��,;_
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<br /> payments or�uund ceau on the Ptoperty.if any: (c)ycatly hazard or Qraperty insursncc premiurn9: (d/ ycarly flood `.�.•:�u'_��'y`�L=Y=-=-
<br /> '.�� .� .:.•:• insurance premiums. if any:(e)YeariY m�nga�e imurance pmmiums. if arey: atd(t�uny s�ms payabtc by Bmrotivet tc� '__ ` �`= -- _
<br /> , . • Len�er.in accordance wi�h thc ptovisians of paragruph 8.ia tieu of the payment�aP mortgoge insumnec prenuums. Thes� �
<br /> . r • items are cailed"Fscrow[tems." l.ender muy,ui any time.collect aad hold i�nds io an nmount noi eo excecd Ute maximum � -i' - -
<br /> "•�, � �� nn:ount a lender fos�fe�craily related manglge loan may rcyuire far Borrowcr's cscro�v accouttt uttdet the fcderal Real "___ __ _
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<br /> ' � ` Estate SettIeraent Procedures Act of 1974 as amended from dme to time. f 2 U.S.C.�2601 et aeq.("RESpA"),unless aaosher �`.;LL=__�__.
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<br /> �s� . � � . Eaw that apgGes to the Pbnds sets a lesser amaant. If so,Lender Tnag.at any iime,c�n!loct and hold F'unds in aa amofmt not to -�=-- -- _
<br /> � exceed the lesser emount Lender m�y es6mate the araount of Punds due an the busis of cuaent data and reasonabFe �-`-y__
<br /> _.�,.,�, ; . � ' , esHmates of exgeaditures of fuhuc Esctow[u�ms or oihclwise in accotdance with applicabte law. "__
<br /> . • The Fands shall be held in an iastitution whose degosits are insured by a fcderal agency,inst�urnentnlity.a�ea6ry �_:_
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<br /> � ._ • (includ'iag Leader,if Lender is sucd an instimdan)m in any Federal Home Lnan Bank. Lender shall appty the Funds to pay, . c�.`- -
<br /> � . � r: the Pscrow Items. Leader may not charge Barrowes for holding aad applying the Funds,annualIy anal}rung d6e escmw __
<br /> � , . account,or verifying the Escro�w Items, nnless I.ender pays Borrower interest on the Fuads and applicable Iaw pe�its =_._
<br /> •' � ` ` : Lemder to malce suc6 a charge. However,Lender may reqwre Boirower ta pay a one-time charge fos an independ2nt teal =
<br /> • � estate tax reportin8 seivice used by Lxnder in cormection with this loan.unless applica6le iaw pravides aiherarise. Us►less an �-�--
<br /> � agreement is made or applicabte!aw requirea interest to be paid 1-eader shall noi be required w pay Boimwer any interest ar -
<br /> _-_".-��- -: -. .-... � e�mn�on the Faads. Borrower and I.endx.�r may agree in writing,flowever,that inLerest shalt 6�.paid on ihe Funds. I�d.ps -'��..-�—_
<br /> '� " , � sball give ta Borrower,without charge,an annnal accounting of tke�u�s,showiag credits and debits to the Funds and dtr_ -- --
<br /> � � ' • purpose for whicb each debit to the Fvnds was made. The I�mds ate pledged as addi6onal secwity fos all sutns securecl t�}? _.
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<br /> ��•�'�-`'� • � � •• ,If the f5mds 6eld by Leader exceed the amau�ts�enmitted to be held by applicabte taw,Lender shall account to ' _--
<br /> :. ' • � ! Borro�er fcr the excess Funds in accordaace with the reqnirem�of applicable taw. If the amount of the&iutds l�eM by =���-
<br /> ' ! Lender�t��wne is not sufiFcient W pay the Eseraw Items whe��:e.I.ender may so notify Borrower in wri6ng,and,in `-
<br /> , � . such case ��ower shall pay to Lender the amouni pecessary to cnake up the deRciency. Borrowershall make ap the -
<br /> '�- . � '. � deficiency in no more than twelve montlily pay�tenu,at Lender's soIe discrepon. . _ = _
<br /> '"��`� ' Upon payment in full of all snms secu�ed by this Security Jnsuuraent,Lender shall prompfly refnnd to Bormwer any
<br /> `�''�':°:: �: • � �� � Fands heid.by Lender. ff,w►der paragraph 2I,Leader shall acquire or sell the Pcoperty.Lender,Prior to the acquisition or . --- ::.
<br /> � ;-.;?; sale of the Praperty, shall apply any Funds held by Lender at the time of acqvisition or sale as a credit against the sums �-
<br /> . i.;•::� secured Eg r�is Security Iastrumenw �,�:e .;
<br /> 3. Appllcat3on of Payments. Unless applicable law provi:i�otherwise. all payments received by I.ender un� ' �
<br /> � paragraphs 1 and 2 shall be applied:fust,to any�prepayment charges due under the Note:second to amounts payabte un6� _;• �`�:,�
<br /> ' _ pata�aph 2;third�o interest due:fo�uth.ta principal�e;and last,to any late charges due under the Note. -==-..r _
<br /> � , �. Cherges;Liens. Borrower shall pay at! :.�zrs,assessments, charges, fines and imposidons attributable to t�e '�-`�°��=
<br /> _ • • . Pr�c�,x-r¢y��ch may attain priority over this Security.:s�s�.�°nerct,�.rd leasehold payments or gmund nents.if aay. Borrow� ;,����_�-��-
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<br /> , ,:,. . s5a1��q��se obligations in the manner provided i:�paragraph 2.c.-if aot paid in that manner.Boaower shall pay them o�:. �_�-_-- �'
<br /> •� �, time di�rtly to the person owed paymen� Horrowea s�all prompdg�irrnish to Lender all notices of amounts to be paid nnder __
<br /> �- � " � . � this patagraph. If Borrower makes these payments�'nr�.ctly.Borrower shall promptly fumish to Lender recei�s evidencing `�R;�-
<br /> . �. the payments. -=°""�
<br /> _ . . • Brnc;.-wer shall prompdy discharge any Gen which has priarity over this Security lnstrument unless f3orrower:(a)agrees �_R���=
<br /> ` � ' in writin ta the a ent of the obli ao,.�sasured by the lien m a manner acce table to Lender,db)contesu in ood faith tL� � �: v-
<br /> :'� ' Gen b ,c�,z r2efends am t enfozceme�nt off�.3e lien in,te al roces::n�s a�hichpn the Lender's u�o te o revenE� ' ��if�<<�.'�
<br />_ . Y � S P � . Pera P •-'p�..,a-„--
<br /> _`�, � �' , eaforcement of the lien;or(c)secures from�:e ho1�'zr of the lien an agreement satisfactory to Lender su6ordinadng the�:� ' �...-,�:,. :;.•�.�-.
<br /> - • to 4�*.is Secwity lnstrumen� If Lender determines c:�_�zny part of the Prdperty is subject to a lien which may attain pr�ority '•:"�•w-;_•= �
<br /> .'-' � ' � � ave:tL:s Secnriry Instnunen�.Lender may give Barr.3-��a notice identifying the&en. Borrower shall satisfy th�1ie�oz taice � �
<br /> �*�or���of the actions set forth alsove within 10�zj�s of t�:�ring of notice. � " =
<br /> � � ' S. �rd or Property Insuraace. Borrower sha�l k��.�improvements now eaisting or hereafter erected on�2is � . � �
<br /> � � , ' �lraperty insured against loss by fue.hazards include�aithin the term"eatended coverage"and any other hazards,including :� '�
<br /> . � �• floods or flooding.far ahich Lender requires insura:.ce. This insurance shall be maintained in the amounts and for tfce . ' _
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<br /> `r• . � BoTID3018 9/90 (DaBe 2 oJ6 pageal •
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