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<br /> • � � 'I�QGETNER�Vi7'H all the imgmv�me�±ra Qow.or he�er erected on ihe Qaagert}r.snd aL1 easements.appurtensa�tces�arisl ;�
<br /> �`�'��: ;��;t' `fixtt��res now or h2t�after a pazt af the ProF?rtY• A�1 replacemeats and additions shall atso be oavered by this Security =-
<br /> �� ,�`.:' •; , Iqstrument.All af�e fo�aing ds�eferred ta ia this Serhuicy Insttument es t�he"Pcoperty.'' . . �
<br /> `.`. • ``"` ` QORROWER COVENA23TS that�arrower is!s►tiv�i4lly seis�of the e�*te heteby canveyed und has the�ghs to grant� s
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<br />,-=,.L_,.,:� :-,�-� convey the Prop�rty anA that the Propeity�s unencumhere�.excePt fnr encumisrances of recurd. Borrower wartaats aacd will _
<br /> defend�eneratty the Iitte to ths Property against a11 claia�s and demands,subject to any encumhrances of�eco�..
<br /> ene
<br /> �. THIS SECiJitiTY I�TSTEtUM�NT cnmbines Einiform wve�ants for aational use and non-uniform oovenants with�Ilmited
<br /> � ' variations by juris�tirt�on to constituYe a uaifoxm securiry instisiment ccsvedn�real prope�y. . � � �:
<br /> uri ti
<br /> .� � �: ` , UNIFORNf COVENANTS:Bormcver a�Lender coven3stt aad agee as fa�tows: �
<br />__-- --- !: �3ra�n#c►Y Prdud�!ead In4ears�; giegayrt�ent us�t Ia3�Chat�eg.Borroiver shalt promP�Y P�Y when due che �
<br />� ,�,L���-c, priacipal of and iutecest oa the debt evidenced by the Note and aay Prepayine�►t rind late�charges dus under the Not�. �
<br /> nd
<br /> Z.Fuads t��Tages aad Easara�2e.Sw�1ect to applic�ble�a�v or to a writtea waiver by LenQer.Borrower s'�all Pay to �
<br /> - --_--_-- i.eader an the day�nontniY Fssymtu+y br��:i:.dr-:t!�i�ai^w i2I1��°-AT�C:S:�!Q CLI�c A fiUfll I°FuMs'1 for:'Ial F��+� - _
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<br /> '°.�°`;, and assessmeuts which raa}r attaia paority over this Secu�iry tnstrument es a fiea on the Frop�rty:N)Y�Y lc�senold paymerds _
<br /> � . �.�h;�:� ' or gronnd rents ou the Property.if any;(c}yearly 4azard or pmpe�ty iasurauce�remiams;(d1 Ye3ilY f�oo�inrnr.�nee p�miunls. -_-
<br /> :.? '�• `. ,.c� incnr�ce tlIi14.if 8Il
<br /> ,�,�,��. if atry:(e)YeartY cno�tSaSe P�mi y.and(�a�►Y sums paYable tsy Bomowe�to I.ender.ia acoandaace adth =
<br />=�"u`-?'%� the pmvisiotts.of paragraph S,in tiw of the payment of mortgage insfuaaoe ptemiu�s:Tiiese items are calted'Escrow hems.' , _
<br /> ,'.•:,�;-��-�: • Lender maY.,at any tim$.oollect.and hoId Fonds in aa amouut not to ex�ed thz maximum amount a lender fioY a fedeially __
<br />_"*:-;='-_�"A' '� • telated moit e loaa ma ite fa;Boaawer's�scrocv ac�unt undcr t1�federai lteal Euate Setttement Yroc.edutes Act of -:
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<br /> :;�::::}j�:°. , .1974 as emr.�ded fivm time to time. 12 U.S.C.Secxioa Z�OI et seg. ("RFSPA°).unless another!aw t6at applIes ro the Eunds =
<br />-:;� seis a le5ser amouat.if so. Leuder iaay,at anY time, oafte�'and ho2d FuMs in an amnunt nnt to excced th4less�er amoua�.
<br /> ?.`-�� " Lender amy�stimate the amou�of Fuuds due oa the.6asis of cti�rent data aad masonable essimates of exp�ndimres of futu�+e � -_
<br /> _.�.°` �, ,�`- Fsccow Items ar otIteiarise in accordance with applIcable law. . . ., =
<br />: ' �.ti�:�.�'•'�- The�unds shall be he1d in an instit�rtian whose deposiu are insured bX a federni agency. instn�ntality, or e�Eity �
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<br /> ...(iaeluding�I.effier.-if I:eaderis such an-institntion)-or�-in�any Fe�sal-Nome-E.oaa.Bar�c.-L�ender_shall�pply.theFuab�to.paY.tile:- - -----.
<br />'-, ':-`'- Escrow Items:.Leuder may aot charge�orrower for ho2ding and appiying the Funds,annually ana[yzing the escrow arc�unt.or
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<br /> � �a���, , verifyu�g We Escrow Items.ar►less Lender pays Borrower interes!oa the Funds and applicable law permit3 Leader to makc sach -
<br /> � ;. � a cP�arge.Hovreyer,Lender may�reqai�e Bomacver to pay a one-time ctuuge far an iudependent real estute tax repoitiag senrice
<br /> .;%�:';z • � ns�!_by l.errder.in c�na�.tFon with this loan: �nless applicable law•provides otherwise. UNess �agr��eat,is made qr
<br /> �-�" '' ' � applicable lrsw requires intereat to be�d,Leiidei sha11 aot 6e i�i►ise�to pay Borrowex any interesr or eamings on the Fands.
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<br /> �' ��; fwwevet.Wat_irtter�est sp�11 be paid on.ihe Funds. L�nder shall v$w$omdwer,
<br /> _�:�> ���,d�mag-a�•t�_in writin8,_ 8� .
<br /> ��;� • �wIthout chatge,an aatwal acxwrmting of the Funds,s}towing credits and debits to the Funds aa�tf�e p ose���v�icb eacv--,�
<br /> � debit to the Fuads was made.The Fa�ds ate p2edged as additional security far all sums securod by shis Security Instnuaern.
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<br />-�_;tQ y.�,�i .. , If the Funds held�s�rLender exceed the atnounts permitted to 6e 6eld 6y applicable law,Leitder shall a000unt to Barrac�►er
<br /> ��" 'fos the excess Fnnds irr�ocoidaance with the requi�ts of applicable law.If the amouni of the Fuads held b�I.ender at any
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<br /> -�,:� time is nnt.�cient tti��Zay the Escrow Items v�h�u due.Lender may so notify Borrower in tivriting,and.in such case Botmwer
<br />'.�-°;-�s��� sf�all pay.o�;gnader t�e•�coant nec�s�sy w make�up ffie de�rsc-�sy. Borrower shall make up ttte deficlencSc in ao tnon than
<br /> twetve mqiuhly pay+�t#�ai Lende�s soIe discnerion.. '
<br /> : '�'�i`� • UPa�PaY�nt�:�i'nll of all sunds secured by this Security Iiisuument, I.ender shall QmmpUy refund to itarrower any
<br /> ._"_f,____
<br /> _ ---= Fands held by Lender.If,ander paragaph 21.I.ender shall acqui�or sel!the Property,Lender.prior to the soquisitioa or s3le .
<br /> __�-K�p� • of the Property,svall appty any Fond��issld by I.ender at the am�of acquisidon or sate as a credit against We sums secureQ by
<br /> _ --- this Securiry•Iastrumeat. . ' •
<br /> -- -" 3.Appticatton of Paymeats.Qr�l:�ss appticab2e�taw provi�atherwise.alt paymenis eeoeivad by Lender undez paragraghs
<br /> --_ — � 1 and 2 shall be applled:first,to any prepaymecs uiAZrbe�diie under the Note; second,to amouats payabte and�t para$raph 2; � -
<br /> � '� t6ini.to interest due:farulii;to principa!Cue;anf:�f�t,•to arry,iate ct�arges�due under the Note.
<br /> . 4.Charges:L�ec�;��orrower stiaU pay all tities,assess�'s,charges,fines and impasitions amIbuta6le m thc Pmperty .
<br /> which may aitain priorit.r'over t1zi�Saiauity Instrument,a�d P�h.old payments or gronnd rents,if any.�orrower�hxll gay '� �
<br /> these obligations in the,n�mer graviriLo�£•en paragraph 2,or if not paid in that manner,Borrower shalI pay them an time directly � .
<br /> to che person owed pay.m�i�.Borruwbr shalt promptly fumisS�to Lender all rnatioes of amounts to 6e paid under this pasagraph.'
<br /> ! . �..
<br /> _____ [f Sorrower makes thes►g:�ayments directly,Bflrrower shall promptly fumish to Lender.receipts ev�dencing t�e payments: '
<br /> ----— � Bflrmwet shall promptly discharge any lien whlct►has prioriry over t1�s Securiry Instmment unless[i'oa3vwer:(a)agrees 9n
<br /> -�-- wrising[o�he payment�of tflc obligation secuned by the lIea in a manner aceeptable to L.ender:(b)contests:in gaod faith the lien �
<br /> ��="""'-_- �y, or defends against enforcement of the iien la.lega! praceedings w1uc6 in the Leade�s opinion,ogerate to preveat the
<br /> enforcement of.the lie�y�'nr(c)secures from the ts�fder of the lien as�a�reemeltx saasfactoty to Lender sul�r�rdin�dag the lien to
<br /> - ��- - .. this Secarity Jnsmim�t:Yf Lender deter�r►ines t6�wiy gart of the Property is���t;bject to a liea which s�y atmin pxioriry oyer ,
<br /> -- -__-- ��urity Instr�mepf.,i,ender may give BorroNer a notice iden6fying tIne ft��fn.Borrower shall sadsfy the lien or take oae tsr
<br /> _,„,�,�;�� . � inore of We actions set forth above within 10 days of the giving of notice. . .
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<br /> _-- ' • , Fortn 3028 9/90
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