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<br /> _} � 'I'O(lFi I lllil: WITH idl �I�c impruvcments nuw un c�rcaftcr crcctcd un thc pruperty, aml�dl ratciucntti.np�iuil�:nanrr�,. �uul � _
<br />-N.� , .. fi�wres uotv nn c�rcuftcr n �art nf tl�c proper�y. All rcplacemcnts and nddiliunti shull nlsu hc cuv��ral hy Ihis Sccurity
<br /> -��. • .. Instrumcnt. All oi'thc fnrcf;oin�;ir rcf�rrcd tc�in thi.r 5ccurity Inslnimcnt ns Iho "1'ro�icr�y,.' :
<br /> -.`��. . ' IIQRROWIiIt COVf?NAN'I'S ihnt t�orrov,cr i,luwfully +ciscd of thc rtiu�tc hcrcby runvcyrd mul lu�s Iitc ii�!Itt lu�,ra�►t tmd " '
<br /> o_ �,.,�..�:,�'� . a�nvcy thc Property imd I�uU thc Properry is uncncumbcrcd. exccpt G►r cncumhri�nccr af r�curd. lDurru�vcr wi�rrnntti und will . .N,fK-
<br /> -� � ilcl'cn�gcncrully tl�c tiUc tu thc Nroperty abuinst all cluimti�md dcutunds. ,uhj�rt tu any cncumbiunces nf rccurd.
<br />��3:�y,° .. 'f1�15 �k:CUltl'1'Y IN5'1'kUMI'.N'i'cumhmcs unilurm covcnants tur nntion�d usc nnd nun-unifurm cuvcnantn with limitc�l - . —
<br />-'` , " . • vurintions hy Jurisdictiun t�cmistitutc a unif��rm sccuriry instrununt covcring rcal praperty. ;"`-•"°�%'���"
<br />� ��� UNIFO�M COVENANTS. Burmwcr and I..cndcr asvcmmt nnd agrce as fullows: � '
<br /> ,;� ... 1. Puymc�tit �f Prinripnl and Interest; I'repnyment ��nd Lnte Ciinrge.q. aormwcr shall promptly pay �vhcn duc tlic � ;, .�.,��
<br /> principal of and intcrest on thc dcbt cvidcnccd by thc Notc and uny prcpayment und lutc churgcs duc undcr thc Nuta �•'-
<br /> ' .YS:
<br /> . .. 2. C�uuds for Taxes imd Insw•i�nce. Subjcct to applicuble luw or to a wriuen waiver by Lender, Borrmver shall pay to .
<br /> � � Lcndcr on the day monthly paymcnts arc duc undcr thc Notc,until thc Notc is paid in full,a swn("Funds") f'or: (u)ycarly�axcs • , � �
<br /> -�' and ussessments which may actain prioriry nver this Security Instrument as a lien an[he Property;(b)yeurly laisehotd payments •.�`�'�•�:��;.":•,'-".�':�_
<br />•' � or �round rents on the Pro crt if an (c1 yearly haz;{�d or ro ert insurance remiums;(d) earl flood insurance remiums, "•.��,}"�.y'":''`�'
<br /> b P Y� Y� P D Y P Y Y P `.. �'�".-
<br /> ' if any; (e)ycarly mortga�c iiisurancc prcniiums, if any: and (� any sums payablc by Borrowcr to l.cndcr, in uccordancc with "�
<br />•-. � ., ° thc provisions of paragraph 8, in lieu of thc paymcnt of mortgaac insurxnce premiums. Thcsc items are cullcd "Esr.row ltcros." ..,. .���.
<br />:�•� :'" �° Lender may, ut any time, coUect and hold Funds in an umount not to exceed the maximum umount a Iender for u fedcrally _:y__�`"�.�
<br /> related mortgage loan may require for Barro�ver's escrow account under the federal Real Estate Setdement Prucedures Act of �-��"'-���_..�_
<br />� � • � 1974.�s umended from time to timc, 12 U.S.C. Section 26Q1 e1 scq. ("RESPA"), unless another law that applies to thc Funds �'����`
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<br /> � sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the Iesser amount. . r.','",,..
<br /> Lcnder may estimntc thc umount of Funds duc un thc busiti of rurrcnt Jata and reasonablc estimates of cxpenditures of futurc . "�"II��_
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<br /> L�' , Escrow Items or othenvise in accordunce with upplicablc law. •�n;;��„�- ��
<br /> ' The Funds shall bc hcld in un institution whosc dc usits are insured b s fcdcral a enc instrumcntalit , or entit '��y"��+'.�'_�
<br /> P Y ' S Y• Y Y �. •;�, ,
<br /> •+ , (including L.ender,if L.ender is such an institution)or in any Fedcral Homc Loan Bank. L,cndcr shall apply the Funds to pay thc .���.',-r::.,,,''�0""��
<br /> Escrow Itcros. Lcndcr ma not char c Borrow�r for holdin� ind a I m thc Funds,annuall anal zin thc escrow uccount,or `l`�- ._�
<br /> .� Y S b� PP Y� S Y` Y 8 ,}'��7t�'��
<br /> vcrifying thc Escrow Itcros, unlcss Lcndcr pays Borrowcr intcrest on thc Funds and applicablc law permits Lendcr tn makc such
<br /> a cl�arge. However,L.ender may require Borrower to pay a one-time charge for an independent real estnte tax reporting service � S!�'.
<br /> �' . .
<br /> uscd by Lcnder in connection with this loan, unless xpplirable luw provides OlI1C1'WtSC. UIIICSS un agrcement is madc or ��� -J---.
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<br /> applicablc luw rcyuires interest to be paid, Lender shall not be required to pay Borrower any interest or carnings on thc Funds. �Y?r, i!�,_ . -
<br /> Bonower and Lcnder may agrec in writing, ho�vcver, thut intcrest shall hc paid on thc Funds. Lcndcr�haU give to Borrowcr, -
<br /> without charge, an unnual nccounting of the Funds, showing crcdits and debits to thc Funds and the purpose for which each .,
<br /> ' �� dcbit to the Funds was m:tdc.Thc Funds are plcdgccl us additional security for all sums sccured by this Security Instn►mcnt. �, '
<br /> If thc Funds hcld by C.cndcr exceed the amounts permitted to bc hcld by applicablc law, Lcnder shall account to 8orrower '
<br />- for Ihe excess Funds in accordanee with the requirements of applirable Iciw. If the amount of the Funds held by Lender at any � ,
<br /> � timc is nat sufficicnt to pay thc Escrow Itcros when duc,Lcndcr muy so notify Bnrruwcr in writing, und, in such casc Borrowcr •• �- '
<br /> �� shall pay to Lender the umount necessary to make up the deficiency. Borrower shull make up the deficicncy in no more than `� N , ' t�-'
<br /> cwelve monthly payments,�it I.ender's tiole discretion. � '•R':•'r "'
<br /> ' ' Upon payment in futl of all sums sccurcd by this Sccuriry Instrument. I..cndcr shall promptly refund ro Borrower any K%� ',
<br /> �- Funds hcld by Lcndcr.If, under parngraph 21, I.�nder shall u�quirc��r sell the Properry, Lcndcr,pr�or to thc acquisition or tialc "'�.,:��
<br />< <� of the Property, shall upply any Funds held hy Lender at the time of acquisition or sale as a credit ugainst the sums secured by � . ;
<br /> � . this Security Instrument. � .� .�;�;, ���
<br /> ' 3.AppltcnNon of Anyr.tents.Unless applicable la�v provides othcrwise,ull puyroents reccived by L.ender undcr parugraphs :* ��'= � �''��
<br /> � ' 1 and 2 shall be applicd: first, to any prepaymcnt charges due undcr thc Notc; �econd, to amounh; payablc under par�igruph 2: •��%' '�•
<br />, � third,to intcrest duc; fourth,to principal due:and last,ro imy latc chur�;es dne under the Natc.
<br /> . � ; 4.Churges; I,lens. Borrowcr tihall pay all tuxcs,usscssments, �h�rges, fincs and impositions attributable to the Property `� �;•:
<br /> ' /'rA.'
<br /> which may attuin priority ovcr this Securiry Instrumcnt, .md Icaschold paymcnts or ground rents, if any. Borrowcr shall pay , y�:__ _
<br /> ' these obligations in the manner provideci in paragraph 2,or if not p.iid in that manner. Bc�rrower shall pay thetn on time directly «�?_-
<br /> "l to thc person owed payment. F3orrower shall promptly fun�ish to Lender al{ noticcs��f nmounts to be paid undcr this paragraph. ��fs::
<br /> _.� i If Borrower makes these payment�direcdy, Borrc�wer shall prumptly f'urnish a�[.ender receipts avidencing the payments. �w• r,, ,�•.
<br /> i Borrower shall prompQy dischar�e any lien which hus priurily u�•er this Sccuriry Instrument unlesti Burruwer: (s)agreeti in _----;�,•
<br /> � �vriting to thc paymcnt of thc obligation srcured by thc licn in a manncr acceptablc to Lcndcr;(b)contcsts in goc�d f3ith thc licn "��r� �
<br /> ' �• • i by, or dcfcnds ugninst cnforccmcnt uf thc lien in, legal prcicecJings w6ich in tlm Lendcr's upinion oper.►tc to prc��cnt thc .'� �f'
<br /> , " enforcemcnt of the licn: ��r(c) sccures tl�am the holdcr of the lien an a6rcemcnt,atisfacwry to L.cndcr suhiirdinating thc licn to , '" '
<br /> • ' this Sccurity Instrumcnt. IF I.cnJcr dctcrmines that any pan of tlic F'rop�rcy is subjcct to a licn wliich muy auuin priurity avcr .-*�
<br /> � tl�is 5ecuriry Instrument. I.cudcr may give Borruwcr a noticc identifyine thc licn. Borrowcr shail satisfy thc licn or takr�mc or �
<br /> __ morc of thc.►ctions,et for[h.ibovc within 10 days of thc givin�of r,oticc. ; �x,;
<br /> Form 302U 9/90
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