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<br /> Tpi3ETHEPF WTTH all the impmvemerits nnw or demafter�rerte�on the pm�rty,and all easemen�s,appurcen�nces,and
<br /> � frater� ac►�;r os he�fter a part of the propc7cy. Ali r�l�nts aud �dditions shaU also be covered by this Security
<br /> tasttsun:nt.All of the fnregoiag is feferred to in tf�is Security Instrumeat as the"Property.' '
<br /> • BURROWER CdV�IVAIYTS that Borru�vez is lawfully seised of tirte estute hereby conveyed aI►d has the rigln tn grant and
<br /> -_- canvey the Frope�'ty nnd that the Prnperty is unencumbered.ettcept for encumb�ces of teoor�. Borrawes wsrrunts and arW �'
<br /> ' defend generally the title to the Property again..n all cl�and demands.subject to any encumbraaces of record.
<br /> THIS SECURITY IAiSTRUMEN3'oombin�unifaim cuvenaau for national use und non-�u►iform covenanu�vith lunited „_
<br /> variations by jueisdiction to cansa*uee a unifom►security insmiment covering real propercy.
<br /> UNI�ORM COVENANTS.Barco+ver and Lender covenant and agree as follows:
<br /> - 1. Fayt�eta3 of PriucipaU aasd Int�;h PreRaYm�►t asiri L2te Chatge�. Borrower shaU promPUY P�Y �vhen due the
<br />- p�cipa!of aad"ar•.terest en the debt evidenc�d by the hlote and uny prepayment and inte charges due under the Note.
<br /> ' 2. Funds ff�T�and Iasatrance. Subject to applicable !aw or to a writtcn waiver by Lender, Borrower shall pay to -_
<br /> -. Lender on the day sxnntlily payments are due under the Note,until the Note is pasd in full,a sum("Funds")for.(a)yeazly taxes -_
<br /> �acc��nts whiGh may attain pziority over this Security Instniment as a lien on the Propeny: (b)yearly leasehntd payaients
<br /> . or gmund renta oa r}��Propeity.if any:(c)Ye�tY hazard or ProP�Y incurance premiums:(d)Yearly tlood insuran�pmmiums,
<br /> � if any;(e)year3y a:ott�e iasnrance premiums. if any;and(f}any sums payable by Borrowes to Lender,in a000rdance vrith
<br /> �� ` ttie provisions of pa�tgtaph S,in lieu of the payment of mortgage iasurance premiums.7'hese items are callad "Escmw Items." _
<br /> Lender may.ai any.time. collect and hatd Fnnds in an amount not co exceed ihe maximum amaunt a iender for a federally F
<br /> celated mortgage icc�n may require for Borrower's escrow accflunt under the fetleral Real Estate Settlement Pivadures Act of -
<br /> 1974 as ameaded taom time to dme, 12 U_S.C.Section 2601 et seg. ("RESPA"),unless another law that applies to the Fimds
<br /> sets a l�sser ar�a.:nt.If so, L.ender may, at any time,collect and hold Funds in an ainnunt not to exexed the lesser amouat.
<br />'� ��,� Lender may est"s^ate the amount of Funds due on the basis of c�urent data and reasonable estituates of�±eaditures af futvre .,
<br /> . Fssrow Items o��u�rwise in accordance with applicable law.
<br /> The �tads shall be held in an iastitution whose deposits ere insure!by a federal agertcy. in�MUnentality, or eutity
<br /> ; .�:, (indtnding Lratdec,if Lender is sucb�wr.stiwaon)or in any F�r kIame�.mas►Bank.i.ender shall apply the Funds w Qay the
<br /> Escro►v Items.L.rtcler may not cha�a.�irrawer for holding am��Iying the Funds,annually analyzing the escmow acoount,or
<br /> `'s��} verifying the F�crov�Items,unless Lender pays Sorrower inter�t cn th�Funds and applicable law permits I.ender to make such =
<br /> ::,".1';; a charge.However;l.eader may require Borrow�to pay a one�-time charge for an independent real estate tax r�ortiag senrice
<br /> used by Lender i��connection with this loan, i..�ni�s applicabte law provides othernrise. Unless an agreement is made or
<br /> applicable favr n�q*.�es interest to be paid. I.ender shall not be tequired to pay Horrower any interest or eamiags on the Funds.
<br /> ,�'t,`„ Borrower aicd Lar,d�r may agree in writing,however,that interest sha1S be paid on the Funds. I.ender shall give to E�aro�ver,
<br /> without charge. arc,�annual acoaunting af the Funds,showing credits and debits to the Funds and the purpose far w��eac�
<br /> - debit to the Fhclda we:n r.r��le.The Fnnds are pi�as addidanal security fars?1 sums secured by this Sr�r�insts'acae�t:
<br /> If the FY�ada lvtld��Lender exa�d the a�acu��s pernvtted to be held L^��a�pplicable law.Lender sh�?rr�csount to Bormwer
<br /> '-' �'� for the excess FTstuds ir_��:���th the requ'�menu of a�+,�z.icable lacr. T��the amount of,the Funds'�eId by l.ender at any
<br />;;..;;-� time is not sutfv�iant to Fay che E�r�«v Items when due.Len��:s�y so nori:y Borrower in writing,and.in such case Norrower
<br /> �''' shaU pay to lrnder the aiaount necessary to make ap the defi�ency. Borrowar shall make up¢he deftciency in no mnre t�an
<br /> �`'f' ' . hveive montnly pnym�tts.at Lender's sole discret'son.
<br />''�';''.'•; � Uporz payr.snut bn�'ull of aU sums secured by this 3ecurity Instramea� Lender s6a11 promptty��rl�nd W Borrower arry
<br />`,;'?�,:'? • Funds hel�by L�ider:If,under parngraph 21.[.ender shall aoquire or sell the Property,Lender. prior w the acquisidon or sa!e '
<br /> '"":`� of the PY.i�serty..shall appIy any Funds fi�eld by Lender at the time of acquisition or saie as a credit against the sums secuHd by
<br /> -;.,�,:;; ttils Sec�,ir:�3r,ut�uraent.
<br /> � 3.Apptu:uS�ea vEPaymenW.Unless appIIcable law provides otherw9se,all payments received by l.��er under parag�apbs
<br /> , i and 2 shn!!��.�pl;cr�i��first,to any prepayment charges due under the Note: second,to amounis pay.u�t�un�er paiagraph 2:
<br /> ' '" thicd,to irteract+d:ie;i;a7rth.to principal due;and last,to any late charges due under the Note.
<br /> '',�:� 4,CA�rg�ctri Ltenv.Boaower shall pay all taxes,asses5�rzr�ts,chsuges,fines and impositions attr:�utabte to the L'�operty
<br /> �"''�`•� wlrich.caay atbia�priority over th.�s.�ecurity Instrument. and ta��otd paqmenu or gound m,nts.if any.Borrower sball pay
<br /> , these obligatin�in the manner pro�u?o�i in paragaph 2,os if not paid in.¢h��:^anner.Borrower s1�aU gs,�+�hem on time di�+ectty
<br /> to tha perso:�ea.ced pa}r.�eut.$orrawer shall promptly fumish to Lender ali.�n.��:.es of amouats to be pa.�undes this paragrapl�.
<br /> �� � If Borrower muicks thes,�payments dfi��ty.Bom:t�c�sha11 promptly fumis?r�r�'`�.ender reeeipu evideaeing the paym�nts.
<br /> :";:i;� Borrovlet:shalt prompdy disdr.�v any ti�i•;vt;i�;.h has pri,aar•_.ry over this Security Instr:.ment unless Bomower.(a)agrees in
<br />'-���:';"�•. writing co tP.o puyment of the obliga.r�ir�.�se�ured lr}��che lien in�.,a�nanner ucceptable to Lecr3er;(b)coatests in good failh the lie0 .
<br /> ��'':+�; by,or defends�a�sir.�enforcement of the lien in, lega!prn�as�'.angs wF.;a;� "sn the Lea;ter's opinion aperate to prevent the
<br /> enforceaient oF,ti�.a i5it�;,•or(c)secures from the hold�r of the[�7 an agree��uu a.satisfactory to Lender ntL7i��sdinating the lien to _
<br /> " , ihis Security Iet�tcur�eat.�If l.endes detem�ines that any part aL�r,�Prope��is subject to a lien whici;���attain priority over
<br /> � thiy Seruritry•�atimuneni�Lender may give Borrotiver a noiice ic:���tifying the lien.Borcom�r s.,hsll savsfij the lien or take one or
<br /> mare+�f t4zo actuans set forth above within 10 days of the�ivin��:L�aotioe.
<br /> . � Fartn 3028 9l90
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