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<br /> 1't�pHTNNtt�YITH ull dro inq�r��vcntrn�s u�cw u�hcrcnQc�c�cctcd an�ho prupc�lY. ►u�d ull�Mf,��cutr�ly�i�t�hi;�it�t'�,und
<br /> iixuires n��v an c�n,�Rcr u {r,►�t ui' the pr�►�rty, All rrpf�trct�tr�ny ruid �ai�litiuny situll ulsu tK .ov�r.a! hy thf�: �.�urity -
<br /> Inyirumrnt. Ali�Ml lhe fi�r.:gubN Iw rcl'ccr��+l tu In Itds�►��iiity Intilnintent u+Ihe°t'�r,p���ty."
<br /> 1{f)ttttl11V1iH('t1V1?NAN'1'S thnt tlurn►�vrr i�IuwtUlly kelncd ul dtc ertntc hcrchy cun�•�yrd rind h��v ihc�I�tht H►�mnt nnA
<br /> crnvoy Ihr Nn�periy entd that Ihc Prupri�y ir u��curou�hcrcd, rxce��t fi�r eneunQ��•unce� uC re�unL H��rn�����r �vurrumv uud�vlll _
<br /> dcfcit+l�;r��ridly Ihu Iitic h+Ih��Nu►�uny�if�ah��t all cluim�im�l d�mnude, nul+���t tu iu►y r�uuu�t►tuub�ti u(r�ru��l.
<br /> THTS Sfit'iiFit`I'Y IN�1'tiitt�1iiNT c��mhincr�tmifnrm cnvrnantr li�e n�ti�mnl usr�+nd�nnH�►nlli+�n�.•�►cc�wn��with Iln�ital _
<br /> va�t:►tic+na by.�urlsdiE9htt�1�►�rnntkN�te a tMSff��ras�aucl�y i��cuuuut cuvcrU�}t r�:ti prupu�y.
<br /> ttNli�i)ttt�1 f'C)V►iNAN'�''i, l3qt(t1t:Cf Kttt��.e1ri�CP CttYCti:tflt RtK�H�,1'i.'t'Hw f�+!{e�ww:
<br /> i. l�ay�tts��! aP lT��l�s!aud lnte�tt �'r�i'aym�a+1 u�W i.sriu l'6ar�ey. �rruwcr shull hrumplly puY wl�cn duo tha .
<br /> prinripul af and intcresi�u�Ihr dcbt eviden�rd hy thc Nute nnd nny prcpuymcnt�inEll�uc�hurgca duc undcr�ho N��tc.
<br /> a. t��unds fi�r Tuxcw uad In.�urunce. Subjcct tu up�lfr�t�t�lu�v ur ta u written wuivcr hy I.�nacr, sarnnycr tihuU pay tu
<br /> Lcndcr un tho dcry m�mthly psymciits nrc�luc und��r thc N��tc,w�tU thc N�te iti pnid in tUll,n,r•um t"�undti"1 ti�r:ln1 yc+�rly taxcs
<br /> un�l a�scsvmcnt+which may nttain priurfty uvcr tNiy Scrurity Inqinimcm av��licn an thc!'r�pzrty;(h)ycarly lc�nchi�id paymcnty _
<br /> ar gruund rentti on tho Rn�pctiy,iP any;tc>yenrly htuard or property imumnce premiumY;(d)ycurly ilu��d insu�unco pmmlum.y,
<br /> iP any; lc)ycarly muriguno insw•u�cro prcmiunw, if nny: iu�d(t)i►ny hums payublc by Hurn+�vcr t�� Lcndcr, in ucconli�nco with
<br /> th�pravisiuns uf pnrngraph H. in licu of thc pnymcnt of mortgngo ingurnnco premiuma. Thcuc item.r urc rnlla! "�.4craw Itcmq."
<br /> l.cnder mny.at nny timo, wllect nnd huld Funds in am m��unt nat ta exceccl tho mt►ximum mn��unt a Icndcr for u fedorally
<br /> rcluted mortguge lUa��mny req��irr.fnr Hnre��ver's cscru�v uccaunt undcr the f�xicrul Renl Bstute Sctticmont Procea�+res Act af
<br /> l974 a�nmcnded fram timo ta time. 12 U.S.C. Scctinn 2601 er,e�,{.("RBSAA"). unlcs.r•annther lu�v that nppUe.w ta the Funda
<br /> sets a lesser umaunt. lF sa. I.endor mny. at nny time, c��llect c►nd hold Fundy in un umount not ta cxcce�l tho Iesscr nmaunt.
<br /> l.cndcr muy cstimate�he nmaunt of Funds du�:on thu basis uf currcnt dntu and reu.�onAblo estimntes��f oxpcnditures�f fLture
<br /> Bsrmw Itcros or othenvise in accardance�vith upplicnble law.
<br /> The Funds shull bc held in un instltutian whaso deposita cuo insurcd by a federnl �gcncy, instn�mentnlity. ae entity
<br /> (incltiding Lendec.if 4ender is such un inytitutionl ar in any Fcderal Home i.c�an Hank. l.ender shull upply th0 Funds to pAy the
<br /> Fscraw Items. Lendor mny not chorgo Burruwer for haldiag and applying thc Funda,annuully annlyzing tha escrow accaunt.or
<br /> vcrifying tho Fticra�v Items.unlc�.s Londcr pays Borruwer interest un tha Funds and npplicablo law permits L cnder ta muke such
<br /> a charge. Ho�veve�. l.ender moy mquire Hormwer to puy a atte-time chiuge far un indepcndent�ral estato tax [cparting service
<br /> used by Lertder in conneriion with �his loan. unle.av npplicublo luw provides athorwiso. Untess an Agraament is mnde ar
<br /> applicablc Imv requires inter�st to bc puid. l.ender shall not be mquircd ta pny Barrower nny intere9t ar eami�egs on tho Funds.
<br /> xorrower und i.cnder may agn� in writing. hawover. thut interest shall bo puld on the Funda. l.citdcr shaU�ivo tu Barmwer.
<br /> �vlthuut churg:., nn unnual nccaunting of tho Hunds, showing credits;md debita t�tho Fandy iu�d the pur+wse for�vhich each
<br /> debit ta the F�mis was mnde.The Fund�ure pledged us�uiditiannt security for all sums seeu�i by this Security fistrument.
<br /> ti thc Funds held by �nder cxcecd thc amounts�asznitted to be hcld by��ppliG+ble law.l.cnder shAli noc�uunt tp Harro�ver
<br /> far the excess�und9 in uccardunco with the mquirGmrnt�of npplicublc luw. lf the umount of the Fuads held C�y l.ender at at►y
<br /> ii�a is ncfi ..cler�i tu pa3 t!��3rxcnu:'.���:3�ss�. l�stder sr�y s�notlfy 84rrow�r!n wr14in4,�in such cuse flor►n�ver
<br /> shall pay to I..ender thc umaunt accessasy to mnke up the deflcicncy. Hareawer shall mnke up tho deGciency in na mare than
<br /> twelve monthly paymenta.at T.ender's salo discretion.
<br /> t i��u►�,�..n� 1n p�u of alt sumv secured by this Securlty lnstrument. I.ende� shall pmmplly ret�nd to Ba��rawer a�y
<br /> �umis hetd by t.emtcr,if, uitct�r ps�rragrnph 21. Lender sfiali acquiro ar scQ tl�e Property.Lender,priar to the ucqul�idon or r.ale
<br /> of the Praperty,ahuli opply nny Funds held by Lendcr at the time af ucquisition or r,ale as u credit ugainst the sums secure�{by
<br /> this SecuHty Insttumcnt.
<br /> 3.Appli�tion ot i'aymcnts.Untess npplicable low provldes athcnviFC. ail payments rc��cived by l..endcr under pnrn�rAphs
<br /> 1 artd�ghnli be applial: �rst,ta any prepayment chnr6es due und�r tho Note;Fecand. ta amounta ps�yablo under purag�ap9�2;
<br /> third,to intetcat ctuo;fourth.to principnl due;mid lust,ta any(ato chargcs duo undcr tho Nato.
<br /> 4.4harg�;Lleny. Borrawer shall pay all tnxes, nssessment�,charges. flnes i�nd impasittans attributnble to tho Frc►perty
<br /> �vhich may unc►in priorlry aver this Securlty lnstrumc�t. und lrucehold paymenta or graund rcnts. if uny. Borrower shall pay
<br /> these obligntians in tho mnnncr pravided in parAgraph 2,ar if not pnid in that manncr, Banower shttll pay them on timo dircctly
<br /> ta tho persan awed pnymcnt. Borrowcr shall pmmptly furnish to L.ender ail notices of amaunts ta be paid uncler this paragraph.
<br /> If Borrawcr rtwkes th�sc paymcn�w dircctly.&�rr�wer sliall promptly fl�mish ta l.�ender rcoeipts ovidencing the paymen�s.
<br /> 8arrawer shnll promptly discharge any lien which hag prlarity ovcy this Sccurlty lnstn�ment unless Aorra�vcr: (a)agrees in
<br /> �lritin�to ehe payment af thc obllgntian secu�ed by the lien in n m�tnner acceptablo to l.ender;(t+)mntestq in g�x�ci fnith the Iicn
<br /> by. ar defends against cnforcemein af tho licn in, legal proccedings which in tho l..endcr's opinian apernto to prevent thu
<br /> enfareement af thc licn;ar(c)sccures i'�nm the holuer of the licn An ngroement satisfuctory to l.cader�ubom{°nating the lien to
<br /> this Securhy tostn�ment. If I.cndcr determines that.�::y purt of the Prc,perty ia subject to u Hen which may wttain priarlty avcr
<br /> qiis Secunty Instrument. Lender muy give 8orrawer n natico identifying the lien. Borrower shall sutisfy the 4ien or tuko an�ar
<br /> moro af tho uctions set forth nbave within IQ dAys af the giving of natice.
<br /> Foran 3028 8(90
<br /> Papo 7 u1 0
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