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<br /> �pm��r}��k WI'fN nll thc improvcments no�v or h���:afto�emrte�o�tha property,und nll cascmcnts, nppurtcnanccs,
<br /> ��_...�...... .aA.aaFrpr�nart nf�hn nranenv. All n:olnce�.icnta an�l udditi�ms sh�i11 alho bc covcrcd by Uiis Sccurity _
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<br /> Instrument. All of thc:f'areguh�g is rcfemed to in thie Security L�stnimcnt as tha"�'tc>p:rcy." ;_
<br /> BORROWER COVSNAN'1'S thnt Aortowcr is lawfully Ecisod af thn cstntct hnr�:by convcy�d nncl hns thc right to grant i
<br /> and convey�`he Progerty and thnt the Progerly is unencumt►erect.exe¢pt fnr ene►u�nt�runees of record. Borrower warrnnta cu�d ;
<br /> will dcfenJ geuerally iiiu tle.ic to the I'raparty n�^in�t nll clnims c�nd d6�mnnds,sulijcrt co nny cncumbrnnces of record.
<br /> T}ilS SECURITY INSTRUMFNT combines un:form coventuits fr�r nntiona! use und non-unlfonn covennn�9 with �
<br /> Ifmltcd var[ations by judsdiction to constituto a unifmm�secudty insu��ms�nt uovcriag rcal property �
<br /> UNIFORM COVENANTS. Donower und 1LendE;r covPnnnt and�gmp�as follow:�: whtn due the '
<br /> 1, Payment ot PrinctpW pnd Interest;Pcepnyment and Lat�+Cl�nrges> Borrower shnll prornptly pflY
<br /> principal of und interest on tha debt evideitced by tlio Noto a�d uny pmpmyntent cind Inte chargcs dur,under th�:Note.
<br /> 2, Flsxde for'�xea And Y�tsur9nce. Subject ta Applicnblc�In�v or ta��vtitten waiver by L,�nder,BoRawer shull p»y to
<br /> l.er+der on th� day unonthly paymcnts um due undcr the Noto,until tho Nau�is,prad in fu11.a sam("Funds")e�l� leasehold
<br /> taxcs and assessments whi�h may nttnin prloriry over ttiis Sccurity instnimr•nt as a lic nsurance�remiumo�(d) ycarly flaud �
<br /> payments or ground renGS on the Property, if uny: (c)yRady hnz.urd or pmperty � su�s � nb�� b Barrower to �
<br /> insw;�nce premlums, if any; (e) yenrly mortBngo insumnc.e prGmiums, if Amr.nt of mort n c ,nsurance pccmiumr. Thece �
<br /> I..endr,e�in accotdance with the�mvisions of pumgmph 8, ln Ueu nf thE+pay � a
<br /> iG:ms sr.L r•nlled"Escrow Items." Lender may.at any tima.colle�cc and t►old I�nds in:ui umount not to exceed the manimum
<br /> urooiamc��'!eader for a federnliy mluted mortgage loan mc►y requiro for 13orrower's escrow account under tho federal R:.�l
<br /> Est:uc;.`irrrlement Fnx:e+lures Act of 1974 as arnanded finm Nmc tn Nmv,12 U.S.C.§2601 er seq.("RFSPA"),unless nnother
<br /> Lzw t�:;�t;+pplies to d�e ifi�nds seu u lesser umount. If so,Lender mny,nt nny tim�,collect and liold EYu�ds im an umount not ta
<br /> excee+7 Uia lesser amaunt. Lencler may estimato tha omaunt of Funds duu un tho basis af current data nnd reusonab.�
<br /> esdm:.7:s vf expenclltuics of futum Ese�nw Items or otherxise in aocnrcitinv�with npplicnble law.
<br /> 'i'he Fands st�nll be held ln an insUtudon whose dopasits nrc insumd by a federal agcncy, instrumentality,or cntiiy
<br /> (including Lender.if'Lender is sucfl nn insrituNon)or in nny Fedeml Homn l.onn Bunlc. L.snder shnl!apply the Fl�nds to pny
<br /> the Escrow [tems. E,�.nder may not charQe ilumower for holdin� and a�ply'in�the Fhnds,annu�lly analyzing the escrow
<br /> account, or verifyin�the Escrow Items. untvss �ender pays Dana�vr�'9ntu��3st on the Funds aod upplicable luw permits
<br /> Lender to make such a charge. However.LCri[ICY qlAy 1�it]O�IC BU170wWr to pay a one•timc chnrgc for nn independcnt real
<br /> estate teas reporting service used by I,ender in connaction with this laan,ualess applicable law provides othenvise. Unicss an
<br /> ogreement is rnadc or applicnblc law requires intamst ta b�paid,I.endCi GhAll not be reyuired to pay Borrowei uny inGSre.�q 4►'
<br /> eamings un thc Fl�nds. Bortuwer and L.ender mny ug�c in writin�,ha�v.*,vhr,that intemst shull be paid un the Fl►nds. I.ender
<br /> shull rcive to Aorcower,�vithout charge,an unnnal nc�ounting of thfl Fimtls�showins e�redl�ts�a�nd��v for allhumsn ecumd by
<br /> purpose for whicl�a�ch debit to trie t�unas was mado. Te.r Fu����s a�c�'���:1 a'ad�i-�r�--- -
<br /> tnis Spcci9ty InsUu�en4
<br /> �.�'�tih�Raads G�elcl by L,ender exceed the amat3nte Qemnitte� to be held by upplicabla�luw. [.end�r sha uccaurrt to
<br /> Borroa�r fur�uc es:ess FLnds in accordancc with tha resluiramentF of applicable law. If t}t�amount of the Il�nds helcb by
<br /> (,ender at an;r qm.�is aot suf6 tonLender the0 msmmt ntaress:uy�a�mYln.9 up the defic ency�YBorrowcr sbnll mukc up ihe ,
<br /> sucl�case Son•�ri�:�."�n�1 paY -
<br /> deficiency�n no an,r,e¢h�:n cwelvc monthly pnym�nis.at Lend�.r's splu dltc��etion.
<br /> � �.*�aqn payment in full of all sums securea by this 3e�cucih�Insm►ment,I.ender shall prompdyn i�`o��°uie�uq�}or
<br /> hLnas s:�eid by Lender. If,under p�ngrnyh 21,Lendet st�fll pr.qt�iro or sell 4tte Property.Lender,p' 4
<br /> sale of tIie P�copecty,shall apply any Funds hold by Len�l�nA tt�t time af acquisition or snla as a credit againsi ttua•sums
<br /> secured by this Secunty Instrument.
<br /> 3. Appkxtfon ai�Ymeuts. Unlas� applicr,ablv law �xovides otP,erwise, ail paymentn reccived by Gcnder under
<br /> paragcaphs 1 pnd 2 shaQ txi appiled:fust,ta t�qy p.m���mEnt charges due undec!he Note;second,to aniountn payable under
<br /> pangraph 2;thlyd,to interest due;fourth,to•pri�i�t�duc;and last,to amy late charges due uader tho Noca�
<br /> q, Ghar�e,v; Lkns, aomowcr shall�pay all�ua:�,asscssments, chnrgos, fincs and impositions �ttributablo ta tha
<br /> property which rnay attain priortry over this 5ecurity Ii�st�um�nt,and leasehold Qayment�or ground rents. if any. �asrower
<br /> shall pay these obli�udons in the manner provlde�l�ln�p0.sngrnph 2,or if not puid in thnt manner,Bomower shall pay them on
<br /> timo direcdy ro�hv p!�rc�n owe�puyment. Ba.mnve�stu?��psnmptly fumish to E.ender all norices of amounts to be paid under
<br /> this paragraph• if�Ties:aower makes tlkse p3}:rrtzzls•ctito�.'�'�!y'��nmower shall promptly fumish to Lender neceipts evickncing
<br /> U�c payn�ents.
<br /> �tirrower shall promptly discharge any lic��ti�a7���x�A'�:riariEy o�er thib Stcuriey Instr�n�ent unless Borrower:(a)ugrees
<br /> in wii�ng to th�:payment of tho obiit;auon secured by d►2���tta:iri a manner acceptable to t�:ncd�r:(b)contests In good fnitY�the
<br /> licn by,or defends against enforcemras of tba li�:a ia,legal pxnc�edings which in thc i.ender's aPinion opzrate to p►tiv+ent:the
<br /> � enforeement uf il►e lien;or(c)secu�es from t�i�iac�FS3�r of the llan an agreemant sutisfactory to Lender sut�ordinadng the licn
<br /> � to this Securiry lnstvment. If I.ender detesmines'��iat any pact of t�e Praperty is aubJcct to a lien wtdch may attein priodty
<br /> over ihis Sccurity Insqunxnt,Lcndu may giva 1�orrower u noucc identifying thc lien. Bor�owcr shatl satisfy the licn or tafce
<br /> onu or moce of the acHons set fonh abave w'sthIn 10 days ot t�¢giving of nodce.
<br /> g� Ha�rd or Property in.�urance. Borrower shall kap thc�mprovements no�v cxiating or ixreutter crectcd qi�the
<br /> Propert}r insured ngainst loss by�'uc,hnzar�ds inafuded withtn the term°axtcndod cnversg8"m�d any other hazards,inoluding .
<br /> � floods or flaodin�,for which Lendcr c�e�uires i;nsurance. This insumnae s�anll bo mniutained in the amounts and far the
<br /> tonn 302g 91'90 (paBe 2 ojG yagesl
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