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<br /> Y '��� TO(iETHE[t Wl'Tti,al!the improvements now or herrafter erected on ttte propeety.and all easements.appurten�ttces.�
<br /> s '- �4;�;� fiatures now or hereafter a part of the praperty. All teQlacements. att8 additions "sh�ll atso bc covcred by this Secvrity ��. ' • —
<br /> _-_- � � Insuumenc.Ail of the foregoing is referred w in this Security Tnstrumeat�.s the"Property." �, ���� � .' ' '
<br />- � ! � � ` ' � 60RROV!/ER COVENAI�{TS that Borrower is lawfully seiscrJ of the rstate hcrcby mnvcycd aad has thc right to grant and � ��
<br /> � �, :�. � � canvcy�the ProAerty nnd that the Prope�ty is unencumbe.red. exc�pt for encumbr.tn�of reccytd. gorro�ver�varrants nnd�vill � � ,�
<br /> � ' . 1 defer.d generally the tittr ta the Property against all claims and demands.subjcct to any enc�umbrances of�recorA. � � -_ ` '��
<br /> r � TF�IS S�GUItITY INSTRUMEMP'Z�ombines uniforen covenants fur natianal use and non-uniti�rm rnvenanu�vith limited
<br /> �,� .;. ' variations 6y jutisdic�ion io constitute a unifarm s�curity instrument co�erins real propenp. � � � '
<br />''^' "' � ; tJN1FORM CO�rENANTS.Borra�ver and Lender ca�enadt and agtce as follows; � � °��
<br />_-_- �' :.'=`-.`�, � t l. Poyment af Fr(l[cipal antl tnter�sh,Peepayrctent BtM�Lttte Cttar�;es. Horrower shall promptly pny �vhen due the .
<br /> ��i
<br /> �° : ,� .; 1 principat of attd inte�est on We debt evidenced hy the Note aad any prepay�ent and.Iate ci�rges due under tke Note. • : _, � -
<br /> fti � � 2. Funds for Taxes and Insar�noe.Subject to applicable law or m a written waiver by Lender. Hnrrower shall pay to ' �F
<br />"_"T�ifT '.M-� �.< � , 7 ��+Yl' . .y . -< T
<br />-_- :,j�'�C1�`"Y" ` , Lender on the day mbnthly Qayments are dae under the Note,until the Note is paid in full,a sum("Funds")for:(a)yearly taxes =:n.�.r�:'.`,: �."'
<br /> _ �. . _ ,� and assessm�ents which may aitaen�riotity overthis Se.curity instrument as e lien on the Property:(b)yearly leasehuld payments � ��,. . �
<br />_ or ground reats on the Property.if atry;(c)Y�arly hazard ot pTOFert3'insujance premiums:(A)Yeariy tIood insurattce premiums. . ����-
<br />-- . if any:(e)yearty mortgage insurance premiumc, if any:snd(�any sums payable by Borrower to Lender. in acco�dance witb ..-��f!Y '� _
<br /> ,. ,� s...•x 7�
<br />_ .. : r; � the provisions df paragrapb S.in lieu of the payment of moRgage insurance premiums. 1�ese items are called"Escrow[tems." . -..r�f`'�- "�
<br /> , �..,dc ---
<br /> _ Iender may,at any time,ooltect and hold Funds in an amount not to exceed the maximum amouat a lender for a federally ---� _.-•--
<br /> - retate�mortgage loan may require for Borrower s escrow acoount under the federal Real Fstate Seitlement Procedures Act of t ��'6" =
<br /> _� �•• `:� 1974 as amended from time to dme.12 U.S.C.Section 2G01 et seq. ("RFSPA"),unless another taw chat applies to the Fupds �_ �-�'
<br /> ,---.;-_ �.,�. ,.
<br /> _ '• � - .-- .. ...-.seu.a.lesser--amouni.-If so.-.Lender-mag,�at any�ime�-r.ollect and-hold-Fund�in-an amount��rtot to exceed the�tesser�-amouni: �- �- ''=Y-r"�'�.,t:
<br /> . , .. i�._S_�'s 49�::.-.-
<br /> Lender may estimate the amount of Funds dus on the basis of current data and reasona6le estimates of expenditums of futune • ;��;�,�.::�,_
<br /> ` t Fstrow Items or otherwise in accordance with applirable law. � � ���.W-�`-
<br /> • ' , . The Funds shall be held in an institution whose deposiu are insured by a fe+deral agency, instrumentaliry. or entity ' .�= --
<br /> _ ----- (including Lender,if Lender is such an institution)or in any Federal Homa Loan Bank. Lender shall apply the Funds to pay the =.=��"`�"�
<br /> . � �.'.' ' Escrow Ifeins.Z.ender may not charge�orrower for halding and.apptying the Funds,azmualty analyzing the escrow accoant,or • «.
<br /> �����'?` � 's � verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicabte law pemuts Lender to make such • ' .
<br /> "�`� � � a char e.However.Lender ma r ire Borrower to a aone-time ch ' �
<br /> t . g 9 �N P Y arge for an independent real estate ta�c re�orting service �=y� V �,. "
<br /> . ased by IBnder in comnection with this loan, unless appiicable law provides otherwise. Unless an agreement is ma,de or '
<br /> " • • applicable!aw requires interest to be paid.Lender shall not be required to pay Barrower any interest or eamings on the Fun3s. 'i- "
<br /> � . Sorrower and Lender may a�ree in wriNng, however,¢hat interest shall be paid on the Funds. i,ender shall give to Borrower. `'�
<br /> *� • without charge, an annual a�counting of the Funds,sfrowing credits and debits to the Funds and the purpose for which eae6 �.��
<br /> • � ' debit to We Funds was made.The Funds are ptedged as additiona!secvrity for a!1 sums secured hy this Secarity•Instmme�. '�
<br /> , ' ' .' If the Fuads hetd hy Lender exceefl tre amounrs permitted to be held by applicahle law.I.ender shalt account to Borcnwer �'
<br /> • . � _ for the exaess Funds in accardance with the requiremenu af applicable law. If the:mount of the Funds hetd by Lender at any
<br /> •'• �- • •� time is not sufficient to pay�Escrow Items when due.Lender may so notify Sorru�,er in writing.and.in such case Borrocver � �
<br />=°�zr �.�;"': =. � shall pay to Ixnder the a�ac:n.necessary to make up tiie deficiency. Borrower s�ll make up the deficiency in no more than �°'�" .
<br /> ' ` • '*mr� • twelve monthly payments,at Lender s sole discretion.
<br /> '.',r.'�• ..:.��..... "L,.;. _+..�
<br /> -_,;� :� .__, Upa�n pa}�ent in fuil of ap sums sec�red by this Security Instrument. Lender�shall promptly refund to Borrower any • .a�--=Y�-
<br />:_;:• '.- �: Funds held by i.ender. If,under paragraph 21.Lender shall acquire or sell the Property.Lender.prior to the acquisition or s3le —
<br /> _-•;=;- �����.� ,' P n}', PP Y•-nY Y �9 S � y
<br /> �z�^}�=� af the Pro e shall a 1 � Funds held b Lender at the time of a uisition or sale as a credit a amst the sums secured b �r ��-��
<br />— eHr,��—
<br /> - •��� this Security Instrument. _-•-
<br /> _ 3.A Ifcatlon of Pn ents.Untess ���4��—
<br /> `�`'"'�`�'� � , pp ym applicable taw provides otlierwise,all payments ieceived by Lender under paragraphs
<br />_ , . ' t and 2 shall be lied:first,to ment char es due under the Note:second. to amounu a able under ara ��"}-r��-��s'
<br />__' $PP �3'P�Y 8 P Y P b'�Ph 2:
<br /> _.;�' ' third,to interest due:fourth.�o principal due;and tast.to any late charges due under the Note. ' :;;,�.....
<br />- . • . � 4.Cha�es;Uens.Borrower shall pay all taaes,assessments,charges,fines and impositions attributable to the Property � ""�'�-
<br /> � ''y_.
<br /> �•�' '' '. which may attain prioriry aea this 5ecurity Inswment. and leasehold payments or ground renu, if any. Borrower shall pay �°
<br />_�. these obligations in the mannei providad in paragraph 2,or ii not paid in that manner,�orrower shall pay them on pme dir�tly ;�-1`�-J
<br />-,_ ' . to the person owed payment.Borrower shall promptly furnish to Lcnder all notices of amounts to be paid under this paragrap'n. ' �� .
<br /> _•.. • . . ' If Borrower makes these a ments direcil Borrower shaU rom tl fumish to Lendcr recei ts evidencin thc ments. .�=::��;.�����`�
<br /> _,;.. . P Y Y• D P Y P g PaY ,.-
<br /> � .:a�...... �'�:' —
<br /> `�"- •• ' Borta�ver shal! �m tl disc ::�.x•4{:, • .
<br /> :,,,,.n:;,<•. �= p p y harge any lien which has priority over this Security Tnstrument unless Borro�vcr:(a)agrees in �: ,.r
<br />_�;:� ;;��:�:,��. writing to the payment of the obligation securecl by thc lien in a manner acceptable to Lender.(b)rnntests in�aod faith the lien .�;;-n:;�-::.. . .
<br /> . � �. � .. by.�or Aefends against enforcement of the lien in, lega! pmceedings �vhich in the I.ender's opinion op�mte to prevent the � _
<br /> � ''�" • enforcement of the lien;or(c)secures fram the holder of thc lien un agtcerttent satisfactory to Lender subordinating the lien to • -
<br /> � •f.�
<br /> _�,__.�;�,;:.�+°� this Securiry lnstrument.if Lender detem�ines�hat any part of the Propeny is subject to a lien which may attain priority over � -
<br /> :.:a�::s . . ..
<br />=a�s,.;���,,,:::3: , this Security Instrument.Lender may give Burrower a notice i�tcntifying the lien. Borrpwer shall s�tisfy the lien ur take one or • .
<br /> - - . ��`-� more of the uctions set fonh above within !0 days of the giving of notice. � � �
<br /> - '�'"--
<br />____��.: .�:, �.. . . • .'
<br /> -_-`'n;'�'-��' Form 8d28 9/90 ' • :-
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