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<br /> � TOGETH�ER WITH all the iniprovemeaits now or hereatter erected on the property.and all easements.appuricaaaces,and
<br /> � • fuiures now or hereafter a part of the pmperty. All replar �nfa s�nd additions shalD also be covered by this Searity
<br /> ..4� ., Iastrument.AII of the fdiegoing is referred ta in this S�arity InsUrument as the"Property." _
<br /> - - ',•t- BORROWFR COVENANfS that Eorrower is IawfWty seised of the est�te 6ereby canveyed�d i�as tiee right to grant and
<br />_i � curtvey the Property and tI�at the Property u uneacumbered. except for encumbraaces of tecoid. Borrower warrants and w�! _
<br /> - ' '�`�`!` deferu!geaerally the dtle to t[te Property against all claims and dem2nds,subjeci to aue�y encumbranoes a£ncord. ;4
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<br /> _ • -;:�'s� ' 1HI5 SECt7RTfY INSTRUAIIENT wm�ittes'mnfmm wveriaIIts for nationa}ase und non-uniform cavenants with ii�uted ;':
<br /> - ° �, :.� •� ' ', vaariarioas by jurisdictinn to coasdtute a uniform security instnament cavering reai praperty. `
<br /> ��� � _" ` UIJIFaRM CnVENANTS.Rr►vmwQr��c1 t,enrter rnvenant an@�,•re�e�fnll�ws: - -
<br /> �� - - l. Paymeat oY Peiadpal anal Inte�.st; Prepayment and Late C6a�es. Borrowes shall prompdy pay when due the
<br /> �� �•� . , principal of and interest on the debt evidenreA by the Note and suy prepayment and late cuarges due ander the Nate.
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<br /> },` 2.Fhnds for Tases�nd Iresmance:Subject to applicable law or to a a�ritten waiver by Lender.Borrower shall pay to
<br /> :�•' ,.; . � ' .,:�. Lender on the day monthly payments are due under the Noie;un61 the Note is paid in,full,a sum("Fands")for.(a)yearly taxes `-
<br /> ` and assessments wiuch may attain prioriry over this Security Instrument as a liea on the Property;(b)yearly teasehold payaienis �
<br /> �' ..;.��': _`.�: ,' os ground rents on t6e Property.if any;(c)Yearfy haTard or pmperty insuranoe pnemiums;(d)Yearly flaod insurauce premiums, r'•
<br /> -� '.:.�`` . � � . , if any:(e)Yearly mortgage insvrance premiu�s.if any:and(�any sams paya62e by Bortower to I�ender, in accordance with
<br /> ���' ' ''. �' `• • � ` , , the provisions of paragrap6 8,in lieu of the payment of mortgage;n�,*�,ce premi�ms_These items are calIed"Escrow Items.° `•:,
<br /> k'� �;`,'r, . � Lender may,at aay time. coltect and hold F�ands fln an amount not to excx�d the maximum amount a lender for a federally �?=
<br /> �` R ceiatai mortgage taan may mquire far Borrawer's escrow accaunt uader t�e federal Rea] Fstate Seuleanent Pmcedw�es Act of
<br /> � : �
<br />_=��;.•..`:. �: ���•���,�.:t 1974 as amended f�om time to wne, 12 U.S.C.Section 2bUi et se9-("L�SPA"),nnless another ia�v tbat applies to the Funds
<br /> �� �. _ � seta a lesser�aunt. If so, I.ender may. at any time, oollea and hald Funds in an amowit not•to exoeed the tc�er amnum. �
<br /> ._...
<br /> • " �"� I:ender tnay es�imate ttie ainotirit-ofFiiads di:e on tlie ba§is ofcuiient data and�reasanab�e estimatcs�o�ei�giea�ii�¢s of�`oture � � �
<br /> �,_= ,_ �� ��.
<br /> -� ' , : Fscrow Items or otherwise in accordanoe with apptieable law.
<br /> •��� ���� The Funds shall be hetd in an institauon whose deposits are insured b}r a federal agency, aa�nmemality� or entity
<br /> � � � (inclading Lender,if Lender is such an insdfution)or in any Federal Hame Loan Bank.Lender shall ap,aiq the Fimds to pay the �;,
<br /> �" -" "�" w 1 ` Escrow.Items.Lender ma not char e Borrower for hotdin and l in tGe Funds,annaal! �
<br /> _ . Y S S aPP Y 8 Y�Y�g the escrow:acoount.oz �"'
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<br /> ��?f���,._f�_:w�; verifying the Escrow Items.unless Lender pays 8orrower interest on the Funds and applicable I�w pemuts I.ender w make such. �_
<br /> � � ,���'••. •. �a charge. However,Lender may require�orrower to pay a_on�rime charge for an independent real estate t�r�;.-Ying servlce �
<br /> �,�:A�^. . . . �:—.
<br /> � ased by Lender in eonnection �vith this loan; unless applicable law provides othernise. Unless an agr�r is made or -
<br /> � • ���" �,;..; -
<br /> ___ . applicabte law r�,,�res interest to be paid.I:ender shaU not be required�.pay Barrower any�interest ar earuings on the Fun�s: -
<br /> -�': ��,`s. '.:. Borrower and Le�der may agree in writing.however,that interest shaLE��sid on the Fnnds.Le�d�;r shall give w Borrower, � �
<br /> ���.,. :';'�;; .�`.� ',' without charge, an annual accounting of the Funds, shawing.ciedits aa.:c��bits to the Funds and ch�pur�ase for which each �` `
<br /> `",°;� . :. debit€o the Funds was made.Tlre Funds are pledged as addit�anal security for all sums secured by this 5ea�rity I�s7�ment.
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<br /> "�•.;;., ',.;'�:� ;,., •'�� 3I�the Funds held by L.ender exceed cl:e amounu perir.�•a�to be held by applicabie law,l.ender shall aceount to Borrowes ' -
<br /> ��• 1 ---�-:; .,t' ' for the excess Funds in acrordance wioh tf:�raquirements of applicabte law. 1f the amount of the F�:ads held by Lender at aery
<br /> �� � "`'` �� , time is not sufficient to pay the Escrow Items when dae.Lender may sa�atify Bormwer in writing,and,in such case Borrower. -
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<br /> -�.:`_,- . : � ' shall pay to Lender the amount necessary to raake up the deficiency. Borrower shall make up tlie deficiency in nn mo�than
<br /> _ •,.w_;i� �
<br /> �",^yy;s��:•� ��: .:;; ` tavelve monthly payments,at Lender's sole discretion. � _-
<br /> -���r:r„•,;•.;--.';; Upon payment in full of all sums secured by this Secnrity Instrument. Lender.�all pramptly refund to Borrower any -
<br /> �'�'�'��` '�'�"�� ' Funds held b Lez�fier.If,under ara cq�i � p rty, p acx�u -
<br />- ^;:�j�,,���,.�.�• y p graph 2I,Lender shall a �re or s.,:3 the Pto e Lendet, rior to the isition or sate
<br /> - - L--�'��; . aF t�Pror..rt„--�ag�ly�y-F+u:3s uud'oy�,-,.�..-f at t3ie t�e o���-itia�o�sate as a credie�air�;t ti�s�s�u i�y,; _
<br /> �`�� this Security Ins¢�*�ent. ' . ' ,
<br /> ���'1-'�� • � �.A llratios of Pa e�..Unless- lieable!aw �ovides otherwise,ap �
<br /> �,,,���:�;;�;;s_ PP 3T� aPP F� payments r�eceived by l.eader uad�,paragrap6s
<br /> �a:;., .:;,,�. I :ir�i�sha116e apptied:first;oa any p�payment charges dL_under the Note;second,to amounts payabte under paragraph 2: � -
<br /> -'- '°•-i;:� . ;. third, to interest Cne;fourth,to principal dr.�;�nd•last,to uny late charges due under the Note. -
<br /> .��,�,"kr?':i:i�._•" . .
<br />-�;_�`,...:.�,.,�, 4.Charges;Llens.Borrower shall pay�ll taxes.assessmenu.ca�arges, fines and imposi6o_�anributable�to the Property _
<br /> ��- ' t • ' which may attain priority over this Securiry Inst'rument,and teasehold payments or gound rems,if any. Borrower shall pay __
<br /> 4�-:;�� these obligations in the manner provided in paragraph 2.or if nat paid in.ti�at manner.Bonowet shall pay,them on time djrectly F--
<br /> �� {• to.the person owed paymeat.Borrower shall promptly fumish to Lender all n�tices of•amounts ta 6e paid under this para g r a ph. ""
<br /> '°`�`'':��:.��; .. If Borrtiwer make�g¢hese payments directly,Borrower shall prompdy fumish io Lender receipda evidencin�the payments. � -
<br /> ��` '-° • � •'. ' � Bonower shall prompily discharge any lien which llas prioriry over this Security Instrument unless Borrower.(a)agrees im: �, ' ��`'
<br /> �, -
<br /> ��� • .' writing to ths payment of the obligation secured by the lien ln a manner acceptable ro Lender;(b)wntes[s in good faith the lien�. `��
<br /> `�.�`��'� � �:" by,or defends against eaforcement of the lien in. legal proceedings which in the L•ender's opinion opecate tm prevent the
<br /> '�� �` enfv:�,:ment of the lien;or(c)secures from the holder of t�e licn an agreement satisfactory to Lender subordinatL�the lien to �`
<br /> � this Secvrity Inssrument.If Lender determines that any part of the Aroperty is subject to u lien which may attain pdority ovep �•°°�
<br />_'��..::�' :'::�._';�' _
<br />-.�s. '. . , this Security In�^st:ment,Lender may give&z�wer a notice identifying the lien.•Borrower shali sar,�sfy the lien or take one ar =-
<br /> '�� , more of the acuaas set forth above within Ea�ays of the giving of notice.
<br /> � � '. � Form 3428 9/90 ���;'•'
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