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<br /> ---°""°"�°_�" 'COGETHk.R WI"i�H all the improvements naw or hercafter esecced c�n the property,an�!ofl eascments, apputtcnanecs.::n
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<br /> �— - lnstrumcnt.All of the ioregoing is referred to in this Security Instrum.ent tis the"Prapcny."
<br /> -^�s����„�V=�, I�pRI20�VER COVLIdANTS that [3orrowcr is la�vfully sciscd of the est�te hcreby convcycd and has the riaht¢n g�u�u a��
<br /> _.___= convcy thc t'ropcny and ch�+t �hK P�'opcfYY ►s u�icncumbcrcd, cxcept fnr ci�cmnbranccs of'rccard. Horruwcr wnri�ants anrl will _
<br />— — dcfcnd generaliy tt�e titie to the Property ngainst ull claims und dema�ids,subjcct to any encurnbr�nces of rccord.
<br /> ,�� � THIS SECUFi1TY INSTRUMENT c;ombines uniform covcnants for national use anct non-uniform covenuns�wiii�ilmited
<br /> variations by jurisdiction to constiluie a unifarm security instrument covering re:d property.
<br /> _�� UNIFOItM CUVENANTS.Borrower and l.ender covcnunt and ngecs ns(ollows:
<br /> - -'""""=""='•� 1. Payment of Principal nnd Interest; Prcpmyment und i.ata Cha��cs. Borrc�wer shall prompdy pay when due the
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<br /> -----•—'�°•; principai of und interest on tlic deUt evidenccd by the Nate and an re n ment and latc chargcs due under tiic otr..
<br />_- --"�"`�`•" 2,Funds for Taxes flnd Tnsurnnce. Subject ta applicnble I►�w or ta a written waiver by Lender.Borrower shutl psy to —
<br /> ---�—'�' Lenderon tt�c day monthly paymcnts nre duc undcr the N6tc,until tlic Notc is paid in fuU,a�su y'("Funcarl lcnseh�d�aYmcnts
<br /> °�=�"=~��'� and assessments which may nttain priarity���er this Securily Instrument as a lien on the Pro R��`b)���nsur.vue pr niums.
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<br /> �;;;:r or ground rents on the Froperty,if uny: (c1 yearly hazard or propcny insurancc premiums;(d)y y
<br /> �� -�:F; if any;(e)yearly mortgage insurance premiums, if nny;and(�uny sums payable by Bonower ta I.ender. in accordance with
<br /> - �•A the provisions of prx:.gra��h 8, in lieu of the payment af mongage insurance premiums. These iten�s ar�called"Escrow Items."
<br /> ,n;ro��,�43`• Lender may, ut a:�y ¢i.r��,collcct and hold Funds in an amount not w rx�t�d ti:�: maximum amount a icndsr for a federally _ .
<br />�l=�-'�.'� y� relatui uiortgage Lo:m s:�y require for Bonower's escrow account under tY�e fotCer�1 Lteat Fstate Senlement Procedures Act of
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<br />-` ',r,T'-;�:� :. 197Q as r.rnendcd from time tu time. 12 U.�.C. Section ..60! c.t rcq ("RESh'A"Y.un!�ss».:�:`,ther law that a lies[v rl��L�u s
<br /> -•:-t_�' se�s a lesser .uaount. If so, i.ender may, at a��}� time, cc.lect sa� 9�old Funds in:sn a.'r+su•ai not to eneeod thye�l�s.:r�z;.�paunt. _
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<br /> ��.<< Lender may estimnte the amount of Funds due un iic.:u;s�i��:.u�����.u•,•u•�•u •��•w�•���-°•"•-�
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<br /> -�-�---- Escrow Items or othem��ise in accordance with:�grpGec,�ble law.
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<br /> - �,c, The Funds sha0l 4?E held in an institution �ti•�use deposits i1P2 LG1SlSCE(I h�f J fcderal a�ency. e,r,stnt::�cntsility, ar entuy
<br /> '"• f� mcludin Lender,if 1.�=�:1er is such nn institution)or in any Fecaerll➢-7am;1.onn A;uik.L.c:ndcr shull ai�;�� �he Funds to pay the
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<br /> '--ws:�,�•�,-`•`;j�; '#,` Escrow Items. L.endcr may not charge Bonower for halding an�ap}�lyecg the Funds,anau��.ily analyzing the escrow uccount,or
<br /> '"��''�,��';�;;;;i;��,`;� verifying thc Escro«• itetns,unless Lender pays Borsower interest un the}'uRds and applir�blc law permits I.cndcr to make such
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<br />_""�`,.4�{�1'l,��J�� a charge. Howcve�, F��dcr may requirc Borrower to pay a one-time charg�.".'ur an independent real estatc tax reporting servtce
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<br /> ,., � �,�,�i�, ., used by I.ender in connection with this loan, uniess appiiwbic 1ari w��::.w �s•"•��`Y!"=, t ini�cc an aereement is mu e or
<br /> ' '+�`�; . appficahle law rcquires intcrest to bc paid, Lcndcr shall not be r�uired co.:��3���rrowcr any interest ur carnings on the Funds.
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<br /> _ :t,�;,;� ,,' gorro�,��r and Lender may agrcc in writing. however, that in�eresi;hala Ce paid on thc Funds. Lcnder shall give to BoiTOwer,
<br />_.��,.,.,. without ��'��rge, an annunl accounting of the Funds, showing credi[s and debits tu the Funds and the purpose for•which eaeh
<br /> `'``� '' debit to the Funds�vas made. The Funds are pted::.d as addition�l security for�Il sums securcd by this Security Instrument.
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<br /> }�,7y If the Funds held by Lendcr excecd the amaunts pennitt e d[o be h e l d b y n p p l i r able law, Lender shnlG account to Bonower _
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<br />-�,.,:�;�..,�ry� for the excess Funds in uccnrdance with the requirements of applicable law. If the amount of the Funds h�:td hy Lender at any
<br />•�_`"';��r�"~` time is not sufficicnt to pay the Escrow[tems when due, Lender may so notify Borrower in writing,and,in such case Borrower
<br /> -�`""`�°� J"' shall pay t� L.ender the amount necessary to make up the deficicncy. Borrower shall make up the deficiency in no mure than ��,_.,�
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<br /> twelve manthly paymcnts,at Lender's solr.diuretion. �;:,
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<br />:����.�_�,��„� �x Upon payment in full of all sums secured by this Securiry Instrument. Lcndcr shall promptly refund to Barrowcr nny v..
<br /> � � Funds held by� Lendec If,under paragraph 21, Lcnder shall acquire or sell the Property, I.cnder,prior to the acquisition or sale n.�,
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<br /> �~-- �.~� of the Property, shall apply any Funds held by L.ender at the time of acquisition or sale as a credit against the sums setured by
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<br />--� •.ur,.�; this Security Instrument. - .-
<br /> "��:;"'t;`•'�'" 3, AppllGtteon oP Pnymetits.Unless applicable law provides otherwise,all payments received by Lender under par+gruphs
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<br /> --' '" :r= t and 2 shall bc applied: first. ro any prcpayment charges dur undcr the Notc; �ecand, to amounts paynble undcr paragraph 2;
<br /> -�� third,to intcrest due:tourth,to principal dur,and last,to any latc charges duc under the Note.
<br /> - ~ 4. Chargcs; Licns. Borrowcr shall pay all taxes,usscssmcnts,chargcs, fincs and impositions attributublc[o thc Property �
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<br /> = ,tr, which may attain priority over this Security (nstrument, anJ Ieaschold pa,ymcnts or ground rents, if any. Borrowcr shall pay ',��
<br /> �'_�::A 4<` �}r .� [hcsc obliIIations in thc manncr pruvided in paragraph 2. ur if not paid in that manncr, Borrawer shall pay them on timc dircctly
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<br />_�=-�rt�..�•����!,� . t o t h e p ersnn owed pa yment. Dorrowcr shall promptly furnish to L.ender aU naticcs uf amounts ta bc paid undcr this paragrapli.
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<br /> ' �y;�y,.,...,,.r,_ [f Borcowcr makes thesc paymcnts dircctly,Borrower shall promptly furnish to L.cnJer rc:ccipts c�i dc.ncin�t c paymc n ts.
<br /> �:��...,.�"�' �i Borrowcr shall promptly dischargc any licn which has priority ovcr this Sccuriry In,crument un[�ss$arrowcr: (a)agrccs in
<br /> _ . , : � writing to the payment of die ubligation seeured by the lien in a manner acceptable to Lernier, (b>con[esis in good fait'�the lien
<br /> �•,V �; by, or defcnds a�ainst enforcement of tlie lien in, Icgal proceedings which in the l.cndcr's opinioa c�per.tte to ["ei�:nt thc
<br />, ���-•:��•:�r:,_� �• enforcement of the licn;or(c)secures from the hnlder of the lien an as:reen�ent satisfaccnn•to Lertder siinorciinating the lien to
<br /> ,�." •.0 this Security Inswment. if[.ender Jeterniines th�t any part of the Property is subject tc�a icen�chic�:ns�y attain priority over
<br />:-!i�;�;,.��:.' �.,� this Sccuriry Instn►ment. Lendcr may �ivc Borrowcr a notice identiFying thc licn. B��nc�a;r�.hall sac�y�� :I�c licn or takc onc or �
<br /> ': �;:�^.•�n ���, -
<br />_ f;,;,., � more of the nctions set fortl�above�vithin 1U days of the givin�uf iwtice. !
<br /> -'�r'",1;, .��'� Form 3028 9I90
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