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<br /> TUGE'T�iER WITF�i all tlie improvemeats now ar hereafter ecected on th�property.and a!1 e2sements.appurtenances,agcl -
<br /> `" ,• fiatures aow nr he�eafter a p�rt of th� property. Alt rep4scem:.tits and additioas shall also be rnvereti by this Searity �-�•
<br /> InsE�ument.Ail of the foregoir.g is referse�to in this Szcurity Insutr.ment as t he°P r operty.' �`?'-
<br /> :'°:`,� BO�3RO�ffEA COVENAN'tS thr.t Boaower is lawiaRly seised of the estate hereby conveyed and hss the rigM to grznt and �
<br /> - convey th�PraFerty anci that the Property is uneacumbered,exoept for enatmbrans� of tezord. Borrotver warrants 2ad will ___
<br /> : . defend generagjy the tide to ths Prapztty against all claims and demands.subject to any ensuml�rances of record. ���
<br /> THiS SECLIKITY INSTRTJMENi'oombines w�form covenants for national use and non-uniform covenants with limited �,_��,
<br /> ��ariations by jurisdiction to oonstitute a uniform security inswment covering rea!property. i�=
<br /> v.°�' UNffQP.M COVENANTS.Borrower and Lead�r covenanc aa�d a�as faitflws: °°=
<br /> l. PayffiPa! 04 FN�rrips!and YaEer2st; Prep�3'a►2n��nd II.ute CI�g�. Borrowcr shall promptly pay whea due the --_
<br />--�" principal of and intense on the debt evidence�by the Note and any prepayrr�:nt and lue charges due uadee the Nute. `s_-=
<br /> -- 2.�ads for'faxt�n ttad Iassuvare. Subject to ap�4icnble Is�v or to u written�vaiver by Lender. Borrotiver shall pay to �_.rn:_
<br /> Lender on the day a:onthly payments are�fue ander ttne Nate,until ehe Note is Faid In fiatl.a sum('Fnn�s")For:(a)yearty uues
<br />`�`�;����' and assessmeau which�y attcun priority over th'ss Secvrity Instrument as a licn on the Pro�erty;(b)yearly teaseftotd payments �.t__,
<br /> ••;`" or ground rents on the Propeny,if any:!�)Y��y�d or property insurance pmmiurns;ld)Ye�arly flood inswance premium��
<br /> if any:(c)yearfy cn+ortgage insurana:prcmiums. if aay;�nd tfl�Y sums payablc by B�rrower to Lcnder.in ssccordnnce with � �
<br /> `:. the pravisions uf par,rraph 8, in licu of che paymsct of mortgage insucunce preeniums. 'f'he�c items ore called°Escro:v Itenu." �' '
<br /> i.cnder may. at any�imc, collcrt c�ni1 l�utd Funds in an nma�nY nut tn excced the maximum amount a[ender fur n fedcratly �'
<br /> ��4,�,� � related�nortgage Wan m�y requirG for Bnrrawer's esrraw account u�cr the federal t2eal Estate Settlement Prov�dures Act of �_,y
<br /> 1974 as umcadzd from sim6 to tiene. I�U.S.C. Section 2601 et seg. (°R�SPA"),untess artothsr law t(�t agp{ies to the Funds
<br /> }��,;v, sets a t�scr amoune,If r,u. Lcnder may. nt any t6me,coitect anc! hold Fur.c�s in an amouni not co excee�th=tesse�ama�nt. �.
<br /> l.snder�n�y estirr�ate th�funount of Fu�nds duc an ttr_�basis of cuprent data aa� reaso€table estim�s of expend'stures af fu;ure 6 =
<br /> '' Escrow Items or othenviso in accoMat�ce vrith ap�licu6te taw.
<br /> � Th� Funds st�ll be held in an iastitution wt�vse deposits are insused by a fede�at agency. in3trnmentality. ar entity �
<br /> (including Lender,if LeadeT is such an instttution)or in any Federal Home Loan Ba�ilc. i.et�er st►31�ap�LY th`=Foa$s to puy ths
<br /> ' � Escrow Items.LenQer may not charge BoYrotiver far holding and apply;ng tfi:Funds.annualiy analyra.ng th.".escrow accaun�or __
<br /> ��::
<br /> . verifying the Escro�+ItemS.unless Lender pays Borro��er interest on the Funds and appliabte law pemuts I.sr.�er ta malce suc6 __
<br /> a charge. However,Lender may require Borruvrer to pay a one-�ne ct�arge for an independ�ent real�te taa reporting servtce
<br /> nsed by i.eader in conne�ion witf� this loan. uuless e�splicnb�: law provides nthesvrise. Oaless an agree.-�tent is made or
<br /> ,,�..,�i`, appUcable luw requires inter�to be paid,l.ender shall not be res�ired to pay Borrower any interest or earnin�s on the Funds.
<br /> � Burrower and I.ender may agree in writing, however.tl�at interesi shail be paid on the Fun�s. Lender shall give to Borrower. 1�
<br /> :,;_::�:
<br />:4'I:.
<br /> .��, withant c6arge,an annnal accaunting of tlre t'nn�. showing crxdits and debiu to the Funds and ihs purpose fot which each __
<br /> <<:�,�t�;`' debit to the Funds was�ade.The Funds are�tr.�€.�d as additianal security for sU snms secared by this Sec�riry Instrumeni. —
<br /> �:?_�;;�;�;, ' If the Ftinds held by IPrtdcr�i tl�::m�unts pemutted to be held bY apPlicub�e law.Lender s1aa11 actount to Borrowes ---
<br /> �-������ � for the c'�eess Funds in accardancc�id:.t�:e req�sements of appli�atsle law.If the sir_s�urN of ttr_F�s held by Lender at any
<br /> '-":t�� time is not suff cient to pay the Fscsow Itc-��iD�due,i.ender may so aatify Borra�ver in wdtia�,a..�,ia saeh c�se Berrower
<br /> ' shall pay to Lender the amount nec�sary to m��ae s3.p the deficiency. Borruvrrs shall tnake up tE�Q dc�:3.ri�ccy in ao more than
<br /> . " riveive nwnt�3Y paya�,etzts,at Lender's sote dis�tr�irara. . .
<br /> Upon payment in fiill of all sums s��sy this S�auity 1�S��M L.ssder shall pramgtly saf�nd to Borrower aay -
<br /> • Fands keld by[.ender.If.ur�drr paragraph 7_l,ir�der shal!..�,^%•rQ or s�t��:Property.Leader.prior to th:acquisition or sai�
<br /> • of the Property.shatl upply any Funds hetd b-��T -r.r�'�r at th:dt�e of armri••.�ioa or sale aa a crediII s�ist tbt��s°curc�d by . .
<br /> . : this Securiry Instru:nani. � ' •� �' '
<br /> ,.r;'� � 3.Applieat�on o�Paym2ats.Urd�sm;iir��lr•�t:law provides othernrE�,c..:�1:3 payuceata receive@(sj 3.�n�er wcQer pFUa�ap�s � �
<br /> ..� 1 and 2 shalf be applied:first.w��.sr�,r.�:tt'.�.'wj char6es dne under tbe Nd� second,tQ�►ounts payable under paragraph Z;
<br /> ;-;�;'� tGird.to interes due;faurth,to pr`•ru�.�i d�y.uae:last,to any late charges dne under tha?+•��. ��
<br />::-;:`.':;'••;.. • 4.Chargesi Ideicv.Borrower shn1�Pay,�9ld tt�ces,assessments,charg�.fnes arsd impositio:LS�ributab2e to the Propetty �`�:.
<br /> .�r.; .
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<br /> � �:,t. , which may aitain priority ovet this Security��'sieat, and teasehotd p�r,'�aj�nts or grauncl renu..if.a�y.Rorrower pay _
<br /> ,.��. �� � tl�se obligations in�he man3�er provided in p'�y.�ph 2,or if not paid ln t7r�i'�manner. Boaower sh�ib pt�y�h,.-m on time direc8y =
<br /> ta th:persoa owed yaytcem.Borrower shalp pramptly fumish to L.eeder all natices of amounts to be p�d under this paragaph. �.-_,.
<br /> If�trower m3kes these p�yments d'uutly.Eorrower shall promptly fumish to Lender rc:ceipts evidencing the payments. — _
<br /> .' Botrower shai!�zom�8y discharge uny i�t�which has priority over tl�ii,,Sscurity Instrument untess Bonower:(a)agrees in �
<br /> �::..�, writing to the payece�t;o�tta:obligation sec��u1�y the lien in a manner acu�tsbte to �.ender;(F�)ca:La�.:�in good fai t b t he lien �
<br /> by, or defends again�t•enforcement nf th� iacr� iR. legal proceedings wS��4a�ia the I.ender's opiru�x��.�perate to prevent the
<br /> ���.�.�� ' enYorcement of the lien;or tc)secur�€rc,w"'i�holder of the lten en agreement sadsfactory to I.ender su6ordin�tin�the lien to
<br /> thls 5ecuriry I�tument. Tf I.endr�r�;:tt:r,:sfia:s that any part of the Proqeny is subject to a lien which may unain priority over
<br /> ;'� ; tlus Sec+uiry Instn�menr,Lender may gitii 43�_vaawer a notice iderrtifying the lien.Borrower shall sau$fy tl�e lien or take one or
<br /> , more of the acHons set farth above within!4!d:�?,a.of the�ivin�of notice. �
<br /> . " Fam 3028 9J90
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