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<br /> TQOE?THER WlTH tdl ihc impr�ovcmcnts na�v or h�renfter ercctect on th2 propcny, and all cusemcnts, «��1UPlC0i111CC5, nnd 16
<br /> fixtures nuw or lierei�fter a p:u•t nf the prnpsrty. All repincemenis imd eddltions shnll alsu he covered by this Security _
<br /> Instn�ment. f�ll of thc foregoin�;is rcfcrred t�in thiti Sccurlty Instrumcnt ns thc"Property."
<br /> F30RROWP.R(;OVNNANiS�hni Au�ro�ver fE lati��fully�ei�ed of�I�c estnte hercby convcyed anel hns thc ri�lu t��gruut nnd :
<br /> convcy ►he �roperiy and that the Prope►ty is unencumhercd, except f��r encumbrances of rca�rd. Borm�vcr �vnrrants and �vill =
<br /> de9'end generally the title to the Pmperry aguinst ull cluims nud demunds,subject to nny encumbrnnees of rccnrd,
<br /> THIS SF.CURITY INSTRUMF:NT combines unif��nn covenants for naticmnl use nnd i�mi-unifurni covennnts with li�i4ited �
<br /> vuriations by jurisdiction tu constitute a unifurm secw•ity instrumcnt cavcring rcal pr��peny. �.
<br /> UNIFORM COVENANTS.Borrower and l.cnder covcnunt nnd ogrce ns follaws:
<br /> 1. Payment nf Frincipul and Interest; Prepayment and I.ate Char�e.q. Borrowcr shall pm►npdy pay whcn duc thc ;
<br /> princtpal of and interest on the debi evidenced by the Note nnd�ny prepayment und lute ch�rges duc under the Note.
<br /> Y,�nds for Taxes nnd Insurnnce. Subject to applicable lnw or ta n written waiver by I.ender, Elor�ower sl�all puy to ,
<br /> I.ender on the duy monthly payments are due under the Nate, until the Nate is paid in fuU,a sum("Cunds"} R�r:(.�)ye:�rly taxes '
<br /> and assessments which nuiy attni�priority over this Security Instniment iis a lien on the Property; (b)yearly lexsehold puyments
<br /> or Sraund rents on the Property,if 1ny:(c)yearly hazard or prape»y insur.�u►cc premiums;(d)yearly flood insuruncc premiums,
<br /> if any; (e)�+early mort�age insumnce premiums, if any: and (� any sums payable by Horrower to Lender, in accordance e+ith
<br /> tite provisiae�s of parngraph 8, in licu of the payment of mortgage insumnce premiums. These items ar�called "Escrow items." ;
<br /> Lender may, at any time, collect und hold Funds in an amount not to exceed the maximum amount n lender for u federnlly ;
<br /> reluted inortgnge laan may rec�uire for Bono�ver's escrow account under the federal Real �state Scttlement Procedun;s Act of
<br /> 1974 ns sur_ended from time to time, 12 U.S.C. Section 2601 er sey. ("RESPA"), unless nnother luw thut applies to the Fnnds
<br /> seu a lasspr amot►nt. If so, Lencier may, at any time, copect and ho1J Fu��ds in an amount not tu exceed the less.�r�mount.
<br /> Lender may estimate the amount of Funds due an the basis of cunent data and rensonable estimutes of expenditures of future
<br /> Escrow Items or otherwise in accordunce wilh applicable law.
<br /> The Funds shall be hcld in nn institutio�i whose deposits are insured by a frderul agency, instrumentallty, ur entity
<br /> (including Lender,if i.ender is such an institution)or in uny �'ederal Home Loan B3nk. I.ender shall npply the Funds to pay the
<br /> Escrow Items. Lender may not chnrge Borrowcr for holdins and applying the Funds,nnf�ually analyzing the cscraw nccount,or
<br /> verifying the Escro�v Items,unless Lender pays Honow�r interes1 on the Funds and applicable law permiGs l.ender to�nake such .
<br /> a cl�arge. �Iowever. Lender mny requira Borrower to pay a one-time charge for an independent real estate tax reporting service
<br /> used by Lender in connection with this loan, unless applicuble luw provides otherwise. Unless un agreement is made nr
<br /> applicable lnw requires intcrest to bc paid.Lender shall not be requtred to pay Borrowey any interest or earnings on ihc Funds.
<br /> Borrower and I.ender may agree in writing, however, that interest shall be puid un the Funds. Lender shall gave tp Horrower.
<br /> without chargc, an annual uccounting of tnc runds, snuwing cia-iiis ar�tl:.�its:a.�a Funds ar� !I!�n��r;xise for whiCh C3Ch
<br /> debit ta the Funds�vns mude.The Funds are pledged as additional sec¢rity far all sums secured by this Securlty Tnstrument.
<br /> If the Funds held by I.ender excecd the�moun�s permitted to be held by applicablo law, Lendor shall account to Borrower
<br /> for the excess Funds in accordRnce with the requirements of applicable law. If the amount of the Funds held by Lencler at any
<br /> time is not sufficient to pay the Escrow Items when duc,Lender may so notify Borrowut in writing,and,in such cnse Borrower
<br /> shall puy to Lender the umount nxessary to make up the deficiency. Bonower shall make ap the deficiency in no more than
<br /> twelve manthly paymen2s,at I.endcr's sole Jiscretion.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Bonower uny
<br /> Fwxls hsld by Lender.If.under purngraph 23,Lender shall acquire or sa;ll the Property,Lender.prior to the ucquisition vr salo
<br /> of d�e Property,shall upply any Funds held by I.Ender at the time of acquisition or sale as u credit u�ainst the sums secured by
<br /> this Security Instrument.
<br /> 3.Applicatinn of Payments.Unless nppltcablo law provides utherwise,all paymentr received by I.ender undor pnragraphs
<br /> 1 and 2 shall be appliesl: first, to nny prepayment charges due under the Note; secand,to nmounts payable under purngraph 2;
<br /> third,to interest due;fourth,to principal due:nnd last.to any lute charges due undcr the Note.
<br /> 4. Cl�arges; �.Iens.Borrowct shall pay all taxcs,assessments,charges, fines und impasitions nttribut�ble to the Property
<br /> wlich may nttain priority over this Secvrity Instrument, and leaseS�old payments m•Eround rents, if uny. Borrower shall pay
<br /> these obligptions in the manner pmvided in paragraph 2,or if not p�ud in that manner,Dorrowcr shull pay them on time direcdy
<br /> to the person owad payment. Bonower shall promptly furnisli to L.endcr all nottc�s of sunounts to be p�id under this paragraph.
<br /> If Borrower mnkes these payments directly,Horrower shall promptly furnisl�to Lendor rer.eipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over d�is Security Inhtrument unless Fiorrower: (a)Asrees in
<br /> writing to thc payment of the oblig�tion securcd by die lien in a manner acceptable to Lender:(b)contests in good faith the lien
<br /> by, ar defends against enforcement of the lien in, Icgnl procecdinss �vhich in the L.ender's opinion operate to prevent the
<br /> onforcement of the licn; or(c)secures from the holdcr of the lien an Agreement satisfnctory to Lender sabordinatinR tlie lieu to
<br /> this Sccurity insuvment. If Lendcr dctern�ines thut any part of the Propercy is subject to a licn which may attain prlority over
<br /> th3s Security Instrument. Lendcr may give Borro�ver a notice identifying the licn.Bonowcr shall satisfy the lien or take one or
<br /> mom of tho actions set forth above wlthin 10 days of the giving of notice.
<br /> Form 3028 9f90
<br /> Pepe 2 ot 0
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