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<br /> "• '"`..s��t��;� TOOEfHER W17'H�ll Ihr improvcmcntx naw or hereofler crccted an the praperty.and all c�xemrntr.uppuAenanccs, .
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<br /> � - -, �.;.�: =-'� �nd liaturer now ar herc�fler a put of the propch�r. Ail rcplacement�and additians stwll also be covuai by t1�ic 9ecu�y
<br /> �•;��;�,,�_:.^: In:tromcnt. All of Ihe fbrcgoing is rcferted to in�his Scrurity Instrument as the"Ptopeny:' �z_c'�_"
<br /> � '�'��'�``""�t'. .� BORROWER COVENANTS that Borrower is lawfully seised ot the estalc hcrcby conveycd and h+�thc right to grunt �.
<br /> .� * .` . . " „ and canvey Ihe Proptny and tlwt Uie Propeny is unencumbercd,escept fix encumbranc�s of n�orJ� BQtOWCI'M�airantw und !�%�`__
<br /> "'��"�' �'"` will defend gene�lly the Iilk la the Property++�t��+�I cltams and demands.xubject W any encumtranres of rwotd.
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<br /> .�;=;��T:�.-"'' TNlS SECURITY lNSTRUMENT combincs unifixm covenan�s far n�ion�l use and non•u�tifarm cavenwnte wi�h ��x,>>•-_
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<br /> ,,�,. ,�'y� ' limited varialions by jurisdictian to constiwt�a uniform securiry+nstnunent covering rcal propeny.
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<br /> ,_,�„r,�_�,��'�:,�• UNIFORM COVENANTS. Borrower and l.ender covenant w�d a��ee as follow�: � �Y� !t:;�rM=--
<br /> ;,;��.�_,,,._.,,-:�;,s.. .: I. Piymeot at Priacipal aad loterest:PrePaYaaeat�d Latc Charga Haro�rer tihall m t when duc tbe ---- - - _-
<br /> � .� :�r.� princip�1 of m�d fntercst on the debt evidenced by the Note ond uny prepayment and�ate char8es due wuler the�N�Ne. Y"
<br /> "�'•: ' � 2. F n s d s t o r 7 1�x e s u�d lawnace. Sub j e ct to a p plicable law or to u written wuiver by Lerder.BorroH•er sh�ll pay ta
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<br /> ,. ' L�nder on the dAy monthly payments arc due under the Note.until the Nute is paid in full,a sum l"F u n ds"1 fur.(ul year ly ;��'�`��
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<br />- __ � :.. �y�..: taxes und assessments which may attain priority over this Securiry Insavment�s a lien on the Property:lh1 yearly Ieasehold _-��
<br /> payments or ground rents on �he Prope+ty. if any: lc) yearly h�zard or propeny insurancc premiums: Id! yearly iluod =.=--
<br /> insurance premiums, ii'any: (e►ycurly mortgAge insuronce premiums. if any;and 1� �y s�s p�Y��6y Borrower to ���
<br />` �- • ••'� ^' Leader, in accordance with the provisions of paragr+ph 8,i�lieu of the payment oi moAgage insurunce piemiumx. These ■_•�
<br /> ° � �' items are called"Fscrow lams.' Lender may.at any time,collect and hold Funds in an amount not to exceod the muximum �----
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<br /> �" °'`'�i�r amount a lender for a federally related mongage loan muy require for Borrower's e.scrow account under thc federul[teal
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<br />` ��;�: ,-'' �:- ' Estnte Senlement Procedures Act of 1974 ns amended from time to time. 12 U.S.C.$2601 et seq.C'RESPA"1,unless unother --�---_
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<br />_ _- _ - Irw dwt appliea to the Funds sets a lesser amount. If so.Lender mag.�t any[ime.colloct and hold Funds in un umnunt not to
<br /> �• � exceed the lesser umounl. Lender mny estimate the umount of Huds dt�on the basix of cwr�nt data and reasonable av�:_- :._
<br /> y" ' , .� . esurtwtes of expenditures of future Eccrow 11ems ar otherwise in accad�ux�e w'nh aPPGcable I�w. �'��
<br /> ` • �� The FLnds shall be held in an ins[itwion whose deposits are insu�ed by�a federal agency,instrum�ntality. or entily
<br /> "' �� lincluding Lender.if Lender is such an insti�ution)or in any Federal Nome 1-uan Bank• L.ender shall apply th� Funds�o pay --_�
<br /> ' � �he Escrow Items. L.ender may nw charge Borrower for holding and rpQ3>ing lhe Funds.annually analyzing tha escrow _
<br /> .�� .t. , accoum, or verifying the Escrow Items. wless Lender pays Bcxroxer intemst on the Funds And npplieabla I�w permits =-=
<br />�`,'' ' Lender to make such a charge. However,Lender may require Borrow�r ta}ny a one-time charge for an.inde ndent rc�al __
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<br /> �' estate ws repo�ting service used by Lender in cunnection wilh this luan,unlessapplicable law provide�otherwise. Unless:n ;�,;;��-�--:
<br /> .. ` '`' ogrcement is mude or applicable law requires interest to be paid,Lender shull not be reyuimd to pay Bortower any intere�t or
<br /> earnings on the Funds. Borrower and l.ender muy pgrec in writing,howCVer.�d�t incerest sh�ll be paid an the Fund�. L�k�r ����`���``°`
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<br />._ . ''� �• � ahs+ll give to Borrower,without charge,an annuul uccounting of the Funds. show•ing credits and debils to tha Funds unti the � �
<br /> _ purpose for which earh debit to the Fuiuls was made. The Funds are pledged as additional security for all sums serund by "1' "
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<br /> ' If the Flmds held by Lender exceed the umounts permitted to be held by applkuble law. Lender shAU account ca �;� T-
<br />` � : ,. : . 'ti• Borrower far the eacess Funds in accords�nce with the requirements of applicable law. If the amount of.the Funds held by ��_,�f_-
<br /> �. ,' � ;;;;;:.��;:..,. l.ender at any time is not sufficient to pay the EscroK• ltems when due.Lender may so notify Borrower in wriling,and,in ��
<br /> ' such case Botrower shall pay to Lender the umount necessary to mal:e up the deficiency. Bom�wer shall make up the ,�,����
<br /> - .''" �•'U'�•'" +�.,','i 1::•�, deficiency in no more than twelve monlhly payments,at Lender's sole discretion• �"'�;'�''=
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<br /> c�., Upon payment in full of all sums secured by this Security Instrument.Lender shall prompdy refund ta Borrower unv f�4,�,�:3.
<br /> . ,:r'.�;.;�� Funds held by l.ender. !f,under paragraph 21,Lender shall acquire or+ell thc Property.Lender,prior to�he ucyuisitiun or
<br /> ':�'�� � sale of the Property.shall apply any Funds held by Lender at the time of acquisition or ss�le as u credit againat the sums �-•F:�
<br /> '�,:,�,. �� ' :� .:��' secured by�his Security Instrurnent. C � •�'.
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<br /> ,:�,� 3. Application of Pwyments. Unless applicable law pmvides otherwise,all payments receiveci by Lender under �,
<br /> ��� ;��'4`��:' • paragraphs I and 2 shall6e applied:first,to any prepayment charges duc under the Note;uxand,ta amuuntb payable mtd�r --�
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<br /> . , • ,i.;� , . • ���' paragraph 2;third,to interest due:founh.to principal due;and last,to any late charges due under the Noto. ��
<br /> ,�'�;�;:,,� ' ' 4. Charges; Liens. Borrower shall pay all taaes, assessments,churges, fines nnd impositions attributable to the ���
<br /> ; '�f�'�y'�`.'!:; ; •' which ma anain riorit over this Securit Instrument,and leasehdd payments or ground rentb,if any. Borrower ti^,�+���i�
<br /> �:��',�. �i�'��: �� s�h�a these obhgations n the manner provided o psuagraph 2,cx if not paid in that manner,Borrowor shall pay them on '�'�`;�... '
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<br /> �, ����, time direcdy to the person owed payment. Borrower shall promptly furni�h to Lender sill notice+af amounte to be paid under �''=-s..-„-,
<br /> :, �; ?� f�' Ihis paragroph. If Bortower makes these payments direcUy,Borrower shall prornptly fumi�h to I.ende�rea.:eipts evidencing � _.
<br /> .�•�<,;.. . the payments. ,.
<br /> ' �. • �.�t','; • Borrower shall promptly discharge any lien which has prioriry over this Security Instrument unlesy Burrower:(�1 agrees ••-
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<br /> � - � � in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender.(b1 contests in good foilh Ihe ►��i` .,
<br />-• ��� lien by,or defends against enforcement of Ihe lien in,legal proceedings which in the Lender's opinion opemte to prevent the �s-��
<br />- � � enforcemem of the lien;or(c)secures from the holder of the lien an agreement sutisfnctory w Lender tiulwrdinatin the lien �Y`••�-'=''
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<br /> � '^ � to this Secudty Insm�ment. If Lender detertnines that any part af the Pn�pc:rry is subject to a lien which may attuin priority �4^�;y.-_�
<br /> � ,•1'�:�.' ' , � over this Security InstrutncM,Lender may give Borrower a notice identifying�he lien. Borrower shall satisiy the lien or tnke •_=
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<br /> ; ,,,, ane or more of the actions set fonh ubove within IU days of the gi�•ing of notice. �••
<br /> • 5. Ha�rd or Property Insurance. BorroK•er shall keep the improvements now rxi.ting or hereafler erected on the
<br /> ,,.. Property insured against Ioss by fire,har.:uds includedµ•i�hin the term"eztended cover�ge"und any other haxards,including �
<br /> • �,�,;.� tloods or flooding,for which L.ender reyuires insurance. This imurarnc shall 6e maintained in the amuuma ond ior Ihe �.
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<br /> ,. FurmJY28 9,'90 rpue�2,��n�wae�� `,�.
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