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<br /> � 'i�0E77�ER WFf�I si3 ths improv2m.ents no�v ar hereaftes e�ecte�on the pmgerty, ements.nPP , , i { ��� ; - -
<br /> �,' R�s r e s n are o r hereufter a p��rt of the P r i�g=�rtY. Ali replacs�mznts ahd addi�aais sh�ll,a�sv 6e coveted b th'ss Seciuity � F w. ��s y--
<br /> Y ,�:� -
<br />` ` �finsnu�n:rn.A!1 of the faregQing is ref�red to in t�is Sea�rity Instrumeat as tt�:"prmpertY•� ' .�.a�,'�``''�`r`Y � __-_
<br /> � BORRONEl3 COf1E'�TA�TS that H�oamYer is tawftilly 6eas�of tixe s�[�Ee�e�by cun6eyed an��as che right to�st gsfd ` �:,<.-,.��--•.:T..�-�
<br /> . canvey Qte Ptopetty nnsl thai the Prcigerry is unenc9uubered.e�cspt for r�tcumbruiaes af rerard. Hormt�er wa.-rants arui Ril� _-_;-�—.�:y;Y..�
<br /> F� �� .
<br /> • �efead�en�uify�he tWe to the��rty�piast uU cIaims an�demueds.subject to eriy encumb�a�of rgcrord. ,� .. _ ���-:�f.
<br /> 'E'FiIS SECiJRTTY IN5TRUMFN'i'cambiaes unifaren cavect�ats fur n�tional eise aeed non-ac�iform covenants with limitat . , � < '�.' f�`�;_
<br /> variatiatu by jurisdicti�b ta consStutc a uniform se�urIry insh'anteat coveting real propesty. � , ��F: ��.-'.`=`Y°-`<T:_
<br /> UPiIFORM COVENAt�fTS.Eorrowesand I.eudercovenaru a,M agree:s follo��: • -__ , � '` `<� -
<br /> 1. FayQt�t oi I°riudgal aa� Iat�cest: Frepay�aeg3 sut� Late ChaYges.Barroever shaI! pmmptly pay when due the ' • . � ._
<br /> . prirsigal of artd�nterrst on�he debt evide�ced by the Nate aisd anyr prrpaymeat and late ch�ges due under che Note. . • _ �:
<br /> ,F•.r ..- 4_.:.�
<br /> '2. Fa�ffis fQr'A'ascs and Yasurstace.Subjcct to a�p�ic�bie taw or m a written waiver Dy Lender.8orrowet shail paY tv ..
<br /> Lender on the day moatPtiy.pay�ents aie due uader th:lvot.�iiasil the Nate is paidia fuU.a sum("F�nds")far.ta)Yearly.ts�xes � . . . , --�.:
<br /> and ass�ssments tivhich may attaia priority over thi4 Securiry In�trument as a lim ua the property:(b)yearly leasehold paymeats t- • �
<br /> O£gI01111�tCItTS fli1 tT1@ PtOFCtt�l.if acry•:(e}yearly ha�rd or pmpeny insuraac�e prerniusn�:(d)Year1Y�tood insuranee premiums. j•:�. `� ' �, :
<br /> if�y; te)ye�iy mort�e i�are p��,.if suiy; anc!1�}�►Y st�pa3�sle s,&�.:m�er c� p o*i�acsord�ns�witi� �� -- _ _
<br /> ths�provisians nf Raragragh 8,in lieu of.the QaYment of m�ortgaae insuraace preuuams.These items are called"Escrow Iteqas." i `.-'; <,.. :`. ,_
<br /> Lcndcr may.at any 6me.cotl�x a��h�ild Funds in nn amnunt not to ex�ed the maxims�m a�unt a Eeader for a fedetally �;.�.,,. :..�;;:r,:_:,,� _
<br /> n ..
<br /> relnted rttcrtgage laan may tequire for Burm�ver s escror�aarouat under the foderal R�il Fstate Seitle�ent Ptaceduaes Acq of ;"�' • .`�'. ;_. ' �
<br /> 1974 as t�ns�tded fmm time to time. E2.U.S.C.Sectio� 2601 et sey.("RESPA"). antess another laor that epplies to the Funds -� ", �x�x::-.:`__'1
<br /> sets a fesser amoum.[f so. Leuder may,at any time.colIect and huld Funds in an amousu nnt to eaceed the tesser amoun� ,',; . .• ..:�.=-=��''_'
<br /> Le�der m�y estimate the asnaunt of F�ads due on the basis of current daia and reasonahie�ates of expeudicnres of futitre -""�`' ,' -
<br /> my . . . ,
<br /> Fssrow Items or ocher�visQ in acco�aaice arith applicable law. ` '°`. ``�"; • _'
<br /> The Fends shai!-be hetd in an•institation whose dPpasits aie insun9d BY a fedeial agency. IncttnmeII1321ty. or entity. ' �•` -•
<br /> .��'�i�7lM:.v� --
<br /> (inctuding LBnder,if Leeader is sucli an i3utitutian)or ia any Federal Home Laam Bank.Lender shalt ap�T}�:.Fuads to PaY the — - . ___ � •---
<br /> Es+crow Items.i.ender may nnt cha�.;e Borrower for halding aad applyiiig rhe Fun�is.aanualljr anatYr�ng the�cs�.'rou'a000unt.or - . --===�-''—�;;
<br /> verifying the�scrow Items.unless Lender pays Borrower interest on the Funds and app&�able!aw p�rmits Lender ta�such . ' �'�ry-?=��;.-
<br /> � a.charge.However.Lender may reqnire Borrower to pay a one-time ci2arge for an independem r�i estate tax mporar�sen+ice �.�.;:::-s .;
<br /> ased by l�ettder in conneciion vrith this loan. ualess applicable taw provides otherwise. Untess atn �meni is made or � r�
<br /> �appficabte laor requues intecest to be paid L.��sha!! n�t 6r requireQ to pay Rorrower any intereu a6�mings on t8e Funds.. � ,'. _��_°:
<br /> Borrdwer and l.end;,r may ag�ee in�ziuug,hawever.that interest ahall be paid on the Fands. I.endershall�give to Borrower. `��'=:`:_
<br /> cvithout charge. an anaaal arwuming of the Funds.shotving cr�ediu and debits to the Funds and the purpose for which each . �;'� ;
<br /> debit to the Funds tivas made.The Funds are pledged us additional security for all s�sms s�by this Security Insuument. • • � �
<br /> Si.l. '.
<br /> . Ig thee Funds heid by Lender exceed the amounts permitted to be held by applicable la�v.Lender shat�account to Borrower � ,` ��� :. �:".;
<br /> .i.;.t
<br /> :,• for the excess Funds in aecordance with the mquiremenu of aprpiicable law.I�she amount of the Fuad�i�dd by�..ender at any , , ....�q�- ��:
<br /> time is aot su�cient to pay the Escrow Items�uhen due.Lender may so notify Sorrower in�vriting.aad;.ir�x.�ch rdse Borrower . °� � -�—'-�
<br /> . stiat!�sy ta�I.ender the amount aeces�ry to make up the defciertcy:,Borro�r•er sI�all malce up the defi�c��vy ics na�nro thea• , ' '' •��'�t,;�. '�`
<br /> tweiv�.►.usctuhly paymenrs.at Lender's sole�discrerion. . . •. ,��;,,
<br /> �poa Qaym.e�in futl of ali�bvr=s�secured by this Security Instrument. [.cader shall promptiy re..rrad to Botrowe�any ,� • �-:..
<br /> Feinds held hy Leader. If.under paragraph 21. , ��. � '
<br /> Lendar shall acquire or sell the Praperty�l.ender.prior ua t�e a�quisition or sate ,.��,-� -
<br /> • �.��=`•
<br /> o f t h e P ro p e r t y,s h a 1 1 a p p J y a n y Fands held b y I.ender at the time af a c q uisiann or sale as a credit against the sums secur�d by •, ' ��
<br /> ,:.,.;•�A��'.
<br /> this Seturity Insuument. . > � '`�
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<br /> 3.Appli�on of Pgyments.Unless appficable law pravides othernise.al!payments cs�ived by Lender under paragraphs ;,;���,f.�';,:�
<br /> 1 and 2 shall 6e applie,d.:first.to arry prepayment charges due under the Note: second.to amounu payable uilder paragrapb 2: ':`���,.�,_
<br /> third.to interest due;founh.xo principal due:and�3st,to any late charges d�e under the Tlote. � •�;";.." ':;>a^�•::
<br /> 4.Cdarges; I.tens.Borrower shall pay all tases.assessme�ts,charg�...Emes and imlwsitionc amibutable to the ProPerty . � r. • ``„'
<br /> which zcay attain�priority ov,r this Security Instcame�rt. and leasehoid p�y�:�ents or ground rents, if az�}r.Borrotiver sh�Jl pay •,,'•'•���r• � ',.
<br /> th�efi�iii�ations in the manner pmvided in paragraph2,or ifc�tlaid inlhat.manner,Borrower shall pay them on time directly ;i�;��,f�FZ�<<;�����: .;:. '
<br />- � to thc persnn owed poymenf.Borrower sha11 promptly fumish t�I.atder att nntioes of amounts to be paid under this paragraph. :�t,c�;�l�je',�•?�'•` ''.•
<br />- + � � If Borrower malces these payments directly.Boaower shall promptly fumi.sli ui.d.eader receipts evidencin�z,ihe payments. . '�� ''��-:�.�""-
<br /> Sorrower shall promptly discharge�+lien which has priarity over this�"�curity lnstrument unless L�i:rruwer.(a)agrees in . � • ` ,.�y�`;:
<br />_ � writing to the payment of the obGgniinn secured by the lien in a manner acceptable to Lender,(b)contests in good faith the lien . . _
<br /> by. or defends agaiast enforcemr•,ntc i?f the lien in. le�a! proceedings which in the Lender s opinion operat. to prevent the �„';'_ , ;
<br /> enforcement of the lien:or(c)�.c-.s from the holder af the lien an agreement satisfactary to Lender suborifinating the lien to �
<br /> this Security instrume�r. If Lender determines�at any part of the Property is subject ro a lien which ma,y a4tain priority over ,:
<br /> ' this Security Instruraeut:�Lender rriay give Borraarer a notice identifyin�dic•li�.�n. Borrower shall satisfy,(i;u lien or.take one or .. ..' .
<br />_. more of the acfsons set forth aboy��t'aithin 1Q days af the givie��f notice. ' . .,
<br /> , �. Forr;.�lOr'� 9/90 ..
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