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<br /> ;��'�,�+-�• T0l3ETHER WITH all the improvements�now or hereofter erected an the prapeny.us�d all rurc ►�n.r,u p n unres,
<br /> ��2,;��,As�.��►.;;�.�` :, and flxturea naw or hercafter a p�t of tbe pmperty. All nplaccmen�ti und ucldiliun� xhall ulrnu be cnvcreJ t►y Ihix SeruNty
<br /> . . .. Insuumem. All uf Ihe foregaing is refcrccd to in thix Srcuriry Instrument ux ihe"Prupehy."
<br /> ��,��•, .• ., BORROW�R COVENANTS thol Borrower iti luwfully seixed��f thr c+tutc hcrcby convcycJ und huti�hc right lo�;�anl __
<br /> ,� ' �'" und convey Ihe Property and lhut the PropeAy ia unencumt+ered,excepi for encumbrances of rewrJ. Borr��wer wurnutl�s�nd
<br /> ••. � . , :-__._.. • will dePend generally�he tide ta the Property ugainsl all claima and demands,suMject t�uny encumbruncex ol'r�YOrd.
<br /> - — ,•:. • - � �_-- --_-
<br /> „ , °a . THIS SECURITY INSTRUMENT cambines uniform covenunts far natianal use und non-unifortn c�wenrm� wil�
<br /> � � . , limiled vsiriAtions by jurisdiction tn canstiwte u unifbrm+ecurity instrument covering real p�aperly.
<br /> � ' UNIFORM COVENANTS. BoROwcr and Lcndi:r cuvcnant and agrce a+follawx:
<br /> �� • • 1. Payment of Principal and lnterest:Prepwymenl and I.ate Chs�rrgea. Hnrrowcr,hull promptly pay whrn duc�hc _
<br /> . . . principal af aod interest on the debt evidenced by thc Notc und any prcpaymem nnd IAte ch:ugec duc undcr�hc Natr. __
<br />�,, Z, Flmds for 71�xes and InsurAnee. Su6ject to npplicnble Iaw or to u written wuiver by Lendcr,Bi�rniwer xhull puy�u _
<br />� I.cnder on the dny monthly payments ure duc undcr the Note,uMit the Note is paid in full,u sum 1"Fundti'1 for:lul ycu�ly _ _ _ __
<br /> 3.;:� ��—
<br /> taxes and acse4sments which muy attnin priority over this Security Instrument a�u lien on the Pn�perty;lb►ycurly Iea�ehold
<br /> payments or ground rents an the Property, if any: lcl year ly hazar d or pmpe n y i n s u r u n c e premiumn; lJ) yeurl y flond -� —
<br /> � . insurance premwms, if any; (e) yearly mortgage insurunce premiums, if nny; and (� uny sum+ paypble by soROwer tu �.��—
<br /> . ° �'�:;'. Lender, in accordance with the pravisions of puragraph 8,in lieu af the payment af martguge insurance premium+. The�o __
<br /> � � items are calted"Bscraw Ilems." l.ender may,at any time,collect und hold Funds in an um<►unt not tu excced the maximum �,,,...__
<br /> ;r'`i,St�x�a �s_,.:�•--- -
<br /> s•�� , ���,��• amount a lender for a federnlly related murtguge loan mAy require for Borrower's ercrow uccount under the federul Reul
<br /> . � � ''t� �•' � Estare Settlement Procedures Act af 1974 n.5 amended frum time In time, 12 U.S.C.��601 rr sey.("RFSPA"),unlcrs unathcr ��•---
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<br /> luw thut applies to the Funds sels u lesser umount. If so,Lender may,ut any time,collect and hold Funds in un amount nnt to -
<br /> . � •��;�?`�,?;;t exceed the lesser umaunt. Lender may estimutc the nmount of Funds duc on thc basis of currem dula and rear�anuhla �-_:,.-.
<br /> : ,,.�;��• , estimatas of expendilures of iuture Escrow Itema or otherwise in uccordnnce with s�pplicable law.
<br /> The Funds shall bc held in an insti�ution whose deposits are insurcd by u fedcral ugency. instrumemulity. or endry ����;,
<br /> • '�• "''`� (including l.ender,ii l.ender is aucb un inntiwtion)or in any Federal Home Laan Bank. Lcnder rhull apply the Funds ta pay �_�. .�
<br /> �.��' ' ' ihe Escrow Items. Lender may not churge Borrower for holding und applying the Funds, annually analyzing the e�crow �r
<br /> � .,; E'r_s+i�:
<br /> ::t;j;. , ;,;�.' account. or vedfying the Escrow Items, unless Lender pays Borrower interest on the Funds und upplicuble luw pemtits 'F" s:
<br /> • . �� •� L.ender to make such a charge. However,I.ender muy require Bortawer�o pay a one-time charge for an independenl neal �..•_�.;_��--__
<br /> •� •�'�`,'�':i estate tax reportin$service used by Lender in cannection with this loan,unle�s applicublc law provides otherwise. Unless nn --�
<br /> �°`:������"'}� a reement is madc or a I�cable luw r uires interest to bc uid,Lender shull not bc requircd to pny Borrower nny intorest or _��v-
<br /> ;,�:,,,_:.. . ,,,��.�,. g PP� �'1 p —--_
<br /> ; .;�;��;,� eamings on the Funds. 8orrowcr und l.endcr muy agree in writing,however,that intcrest shull be paid on the Funds. Lendcr _ _
<br /> ' •�%� : "� , . � xhall rvc to Bomower,wilhout chargc.an unnuul accounting of thc Fund+,showing creditti and dcbitr to thc Fundti und Ihc -- �_�
<br /> —_ � "'�`� ' `� "�`''' pucpose for+vhich each det+it Io the Funds wns mude. The Funds ore pledged us uddido�ul security for ull sumx+ecured by __�_
<br /> .. . . ,•.�;,:�����— �x-�.�_�_�
<br /> this Security Instrument.
<br /> � ���`��'' If the Funds held by Lender excecd Ihe umountz permitted to be held by upplicuble luw. Lender �hall acc��unt to
<br /> ' ,�:,;, "� � Borrower for thc excess Funds in uccordunce with�hc rcquiremcnts of upplicablc luw. If Ihc umuunt uf the Funds held by _
<br /> ,' • � I.ender ut any time is not sufficicnt to pay the Escrow Items when dur,Lendcr muy 4o notify Bormwer in writing,und,in
<br /> '��� such ca�e Borrower shall pay to Lender the amounl nece�xary to make up the deficiency. Borruwer shull muke up �he
<br /> deGciency in no mom than twelve monthly paymemc,Lt Lender�sole discretion. _ _
<br /> ' Upon payment in full of all sums secured by thix Securiry Inrtrument.L.ender shall prompQy rel'und to Borrnwer uny ,�.,,.�-
<br /> Funds held by Lender. If,under p•rragruph 21.Lender shall ucquire ar sell the Propeny.Lender,prior to the ucyui.iii�m or �
<br /> � sule of the Property. +hall apply uny Funds held My Lender at Ihe�ime of ucquixition or sule as u credit uguimt the tiums ffr,��__-_
<br /> secured by this Security Instrument. �Y� ��•
<br /> 3. Applieation of Payments. Unles. upplicliblc luw prnvides othcrwise, all payments received by l.enJer under �_
<br /> ° ,, parugrs�phs I and 2 shull be applied: fint,to uny prepuyment churgeti due undcr the Note;�ccond,to amount.puyublr under ___
<br /> , � puragrnph 2;third,to interest due;fnunb,to principul duc:and lust,to uny lutc charges due under the Notc. �•:---•
<br /> 4. Charges; Llens. BoROwer shall pay �II tuxcs, ustic„men�+,chnrgex, tines und imposilions uttrihutuMc to �hc
<br /> " . Property which may uttain prinrity ovcr thiti Sccurity Instrumcn�,und Icnschold paymentx ar ground rent+,if uny. Borruwcr
<br /> ' , •nncr rovided in ar:� rs� h 2,or if not paiJ in tha�m•rnner,Borrowcr�hull p•ry�hem un �'..,_°..��,,'•,�
<br /> xhall puy�hese obligutians in the ma p P S p
<br /> . time directly to the person owed payment. Barrowcr tihull promptly Furnixh to Lendcr all rn�ticc+of amuunt.r ta he puid under �;�-��.�,:y�y:i
<br /> this paragrnph. If Barrower mukes Ihese puyments direcdy, Bormwer shull pmmpUy furnish io Lender receipt�evidencing ,,,�, „�;�, •�
<br /> . ' the payments. "�::'.�!•
<br /> . Borrower shall prumptly di.chargc any lien which hus priority ovrr Ihis Securiry In�ttumeM unle�s Burrower:lu1 agrces
<br /> ,1 in writing to thc payment of the abligntion urured by�hc lien in u manncr acceptable In Lender:(b1 rontests in gaxi fuilh the
<br />' ?, - lien by,or defends ngainst enforcement af thr lien in.Iegul prc�cecdin�s which In ihe Lender c opinion operute to prcvent�he
<br /> ; enforcement of the lien;or(cl secures frrnn the holJcr�►t'thc licn an ugrecmen�sutisfactory to l.cnder subordinuting thc lien
<br /> � to thix Security Inrtrument. If Lender deunninc,thut any pun nf�he Property i�subjec�to a licn which muy auain priority
<br /> over this Security Inslrument,Lendcr may Five Bonower u no�icc iJcntifying thc lien. Bortowcr shall�atixfy Ihe lien or take
<br /> • � , ' � one or more of thc actions+ct forlh uhovc within 10 duyx uf 1hc giving��f nolicc. _
<br /> '{ , 5. Hazard or Property Inwurance. Borrowcr shall kcrp the improvemems now rxi.tinE or hercat'ter crccted on the
<br /> Property inxured aguinst loss By firc,huzurds includrd within�hc trmi"rxtended ruvcrugr"und any inhcr hatard�,induding �
<br /> � floods or flooding,for which Lendcr rcyuires insuran�e. Thi+ imurance shull t+c mainlaineJ in the amuunts++nd fur the
<br /> tbrm30lN 9l90 ��wge:��/nl�.Rrs� i.
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