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<br /> - �. 'I'OL',FTHEE:W1TH all thc improvcments no�v ur hereufter ercctcd isn thc propc�ty,fi�'d all cas�c��men►s,appnrtennnc�:s, •..-
<br /> nnd Fixlures now or hercafter a part af the property. All repincements mid ndditions s12a11 also bc cavered by this Security ..,.;�;:,�-_—_.___-�-�-
<br /> � .�._f x:v�,
<br /> �- - . Instrumcnt. All of the foregoing is refened to in this Securiry inst�vinent ns thc"Propcny." �,� '' - -
<br /> � � � BORItOWFR COVENANTS�hat Borrowcr is lawfully sciscd of the cstute hcrcby canvcycd and has thc right to grant ,,y ���--
<br /> o s.'`3F��n,_—
<br />--!�,..':. ;:,;,• nnd wnvey the Property an d t hat t h�P rope r ty Is u n e n c u m b e r e d,e x c e p t(o r e n c u m b r n n c e s o f r e c o rd. Qurrower warcants n:�d �-:;:.;,:�___•��_.N�,,,
<br /> - will defend gener�lly the title to the Property against all claims nnd demands,subject to t�ny encumt�rances of record. _.__N�;�.,,r�
<br /> � 'i'H1lS SF.CiJltl'I'Y INSTRUIUIENT cambincs uniform coven�+nts fc�r natinnal usc and non-uniform covcnants with � � , �,,;.,,b,.�,
<br />-_�'- '' �. limited�+ariations by jurisdiction to c4nstitutc a unifoj�n securiry instrument covcring rcal properiy. �r�'�_. �T"
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<br /> � UNIFORM COVENANTS. Borrawer and Lcndcr covenant und ngtce ns follows: ��':=n�-;:."°"°
<br /> ' ° 1. E�ay�rte:st a°Pr:nclpal and xnterest;Yrepnyment aud Lntc Chargca. Rorcowcr shaQ promptly pay whcn duc thc . ,.,{,k��,r,u�.
<br /> �F' • „ principal of und intcrest on the debt cvidenccd by thc Notc nnd uny prcpayrnent and lute chargcs duc undcr the Note. ,,;�a;���:y��,:_
<br /> ' 2. �Lmde for 71�xes und Insurance. Subject ro applicable law or to u written wniver by Lender,Horrow•cr shaU pay to .< SaY,;�;._—
<br /> t�y
<br /> � Lcnder on the day mond�ly payments are duc under the Note,until thc IVate is paid in full,a sum("Funds")for:(n)yearly _��,�.�:�.:—
<br /> taxes and assessments which may attain priority ov�r this Securiry[r�suument us a licn on the Properly:(b)yearlcarl�s flood ��'��= } �
<br /> = payrnents or ground rents on the Phcoperty, if nny; (c) yeurly huzard or aroperty insurnncc premiums; (d) y y ., ,�„�4T�;�,�M
<br /> insurance premiums, if any; (e) yearly mortgagc insurance premiums,if any: and(� any sums psryable by Borcower to ;.,�,.,�^���tir:�
<br /> Lender. in accordancc�vidi the provisions of parngraph 8, in lieu of�hc paymcnt of mortgagc insurance premiums. These -,M�_.;�,` ,y : ,�,
<br /> items:►rc called "Escrow Items.' Lender may,at any time,collect and hold Funds in an amount nat to exeeed the maximum , . .�,
<br /> amount a Iender for a federally related mortgage loan may require for Borra�4er's escrow account under the fedeml Real ' ,,�.
<br /> " Estate Senlement Procedures Act of t974 as amended from time to time, 12 U.S.C.6 2601 er seq. ("RESPA'7,unless another . • ,�;k�J�'u_�
<br /> - iuw Qiut ap{�lies to thc Funds seG4 n lesser amount. If so,I.ender may.at any time,collect and hold Funds in an sunount not ro ,,,�R,�„N�aa,�
<br /> exceed the lesser amount Lender may estimate the �nount of Funds due on the basis of curcent data and reasonable •r.Y�-� w,
<br /> �._�'�-
<br /> � � estimat�s of expenditures of future Escrow Irems or othenvise in uccordance with npplicable law. ''�,f,�,;:
<br /> ' Thc Funds shall be hcld in an institution whose deposits are insured by a federa! agency, instrumentality, or entity .z� �•--m,,,
<br /> (including Lender,if Lender is such an institution)or in uny Federal Home Loan Bank. L.ender shall apply the Funds to pay , �', ;_
<br /> the Escrow Items. L.ender may not charge Borrower for holding and applying the Funds, annually analyzing tlie escrow ;,.�,;=:�!��v}�..,�_--
<br /> nccount,or verifying the Escrow Rems, unless Lender pays Borrower interest on the Funds and applicnble law permits +`
<br /> Lender to make such a charge. However, Lender may require Bonower to pay a one-time charge for an indcpendent real �. � ,'�
<br /> estate tax reporting service used by Lender in connection with this loan,unless applicable law provides otherwise. Unless an �;;;,Y
<br /> agreement is made or applicable law requires intcrest to hc paid,Lcnder shnll not bc required to pay Bortower any interest or ^�a�'���
<br /> earnings on thc Funais. Boaower and Lendcr may ugrec in writing, however,that intcres[shall be paid on the Funds. Lcnder �;
<br /> � shall give to Borrower,without charge,an annual accounting of the Funds,showing credits and debits to thc Funds and the
<br /> purpose for�vhich cuch debit to the Funds was made. The Funds are pledged as additional security for all sums secured by ,LL�.—
<br /> ..•9..:s-=_
<br /> this Secunty Inswment. ��-
<br /> If the Fundti held by Lender exceed the umounts pennitted to be held by applicable law, Lcnder shall account to ,
<br /> Borrower for the exeess Funds in accordance with the requirements of applicable law. If the umount of the Funds held by
<br /> ° Lender at any time is not sufficient to puy thc Escrow Items when due, Lcnder mny so notify Borrower in wnting,und,in �s+: ��i'
<br /> ` � such case Bocrower shall pay to Lender the amount necessary to mlke up the defciency. Borrower shall make up the ,:;, ,•_:
<br /> k, ._ :
<br /> deficiency in no more than twelve monthly payments,at Le:nder'.s sole discretion. :,
<br /> " Upon payment in full of ull sums sccured by this Security Instrument. Lendcr shall promptly rcfund to Borcowcr any ��''
<br /> ., , Funds held by i.ender. If,under paragraph 21,Lender shull acquire or sell thc Property,Lcnder,prior to the acquisition or
<br /> sale of the P[operty,shall aPP�Y �Y Funds held by L.ender at the time of acquisitian or sale as a crcdit against the sums 3�.,, `
<br /> . � secu�ed by tlus Security Inswment. �,. ,�y
<br /> 3. Application of Payments. Unless applicablc law providcs othenvisc,all payments rcccived by Lendcr undcr I •( t �
<br /> � , paragraphs 1 and 2 shall be applicd: first,to any prepuyment ch:u�es duc undcr thc Note;second,to a�nounts payable under i .,
<br /> ' , . " pazagraph 2:third,to intcrest duc;fourth,to principal duc;and l�.st, to�ny latc churgcs duc undcr thc Note.
<br /> - . 4. ChArges; Liens. Borrower shall pay all taxe�, assessmcnts, charges, 6nes and impotiitions attributable to the
<br /> �� Properiy ahi�h may attain priority over this Sccurity Instcument,and leuschold payments or ground rents,if uny. Borro�vcr ..,.�: -
<br /> �''*� .
<br /> � ' shall pay thcse obligations in the munner provided in paragrnph 2, or if not paid in that manner, Borcowcr shall pay them on , V
<br /> time direcily to the person owed payment. Borrower shall prornptly fumish to L�nder ull notices of amounts to be paid under : �.� "
<br /> _ � this paragraph. [f Borrower makes these payments dircctly, Borrower shall promptly furnish to Lender mceipts evidencin�
<br /> ' -� - the paymcnts. 11
<br /> has riorit over this Security[nstrument unlecs Borrowcr:(u)agrces ;:;`���`
<br /> . Borrower shall promptly dischargc any licn which p y
<br /> . ., �• in ariting*o the payment of the obligation secured by the lien in a manner accept�ble to Lender:(b)contests�n good faith the s'
<br /> lien by,or defends aguinst enforcement of the lien in,legal proceedings which in thc Lender's opinion operat�to pmvent the �� ":.
<br /> '� enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien f� ±�
<br /> • to this Security Instrument. If Lender determines that any part of the Properry is subject ro a lien which may uttain prionty �.j.,, � .j
<br /> • • over this Security Instrument,Lender may give Borrower a notice identifying the lien. Borro�ver shall satisfy the lien or take 4; ��,
<br /> + one or more of the actions set forth above within 10 days of the giving of notice. "
<br /> 5. Hnun•d or Property Insurnnce. Borcower shall kecp thc improvements now existing on c�rcaftcr erected on the r s
<br /> ' Property insured against]oss by fire,hazards included within the term"extended coverage"and any other ha�aids,includin� .
<br /> � floods or tlooding, for which Lendcr rcyuires insurante. This insurancc shall be m:tintaincd in the nmoun[s and for the `
<br /> � r•orm aoza 9/90 rpaxP 1 n)n�Ni�es) I '�
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