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<br /> 'fOGHTHFR 1V1TH all thc i�iipro�cmc��ts naw• or he�xtter erecte.i on thc prop�rt}•.�ixi ull c:LUnk�tt�,appurtr��ai�:c�, wxl —.
<br /> Pixwres now nn c�rr►fter a �an uf �M pn►pcn��. All replacemems :uxi adJitiu��.. alull �►1,.► tk .v���rc:{ by ttii�: S��urit� -
<br /> [tutrument.All�.f tt!r furcg�►i���i� refer�cvl tn i�i thic Stkurity Irtisiruntent us the"Prupcny." -
<br /> BQRf�OWGR CUVENANI��h•rt &�rmw•cr is lawi'uiiy xiwJ uf iik rat,�tc ikr.hy .anvc�.d;u~�3 h».�the rirht !t*rra�tl :srx1 �-
<br /> ronvey thr :n�ny aixi uiat the Prop.ry is unencumb�rwl.ezrc�t fur enrumbra�x�es af recorJ. Borcuw�er warr�►n�� w�l will _
<br /> deCerx!geiMrally 1ix title��th.Pn�perty�t:+ii�.ct all cl;►inu wxl ek:muxls: suhiect tc�any e�uumbr;uuec�if rcrorJ. —
<br /> THIS SECURITY INS'I'RUI�IENT a�mt+incs unifomi coccnant: f��r natinn:tl usc a�ul�xiu-unifarm covcnr�u� with limit�l °
<br /> ��zri;►tions by anrisclicti„n tn cunuitute a unifi�rm�erurity in.tNiix:ni mvcrinR re;►1 pn�ny. �
<br /> UNIFORhi COYE.NANTS.Bom�u�er�xi Leixfer rn�•et�ant atxl agree as follo��•s: -
<br /> 1. 1',�►y cueui of 1'rliulpa)aud iatcres¢; Fmp:�y�ueu3 wu; Lute CE�.iu-�es. G.�rrc�K•cr ytwl{ prom�stty pay when due the _
<br /> priruipa)of:uxl interest��n the dcbi c�•idcncr�d by the Ncue und any prepayn�ent anci latc rharges du•r uiuier the Ncue. —
<br /> 2. Funds t'oe Tan�and Iwsuranee. Subject to applicable I�w ar tn a w•ritten w•ai�•er by Lencicr. BonoKCr shall p:►y co
<br /> l..encicr on the day nwnthly payn�cnts are duc un.icr the Note,until thr Note is ptid in full,a sum 1"1=unsls"1 fur:(al yearly taxes
<br /> a�u!;use�.cments uhi�:h n�ay att�in priarity u�•er this Security lnstrumcnt as a lien an the Property;(b)yearly leasehold paynxnts
<br /> or grautd rents on the Property,if any;(c)y'early haz�rd or propeny iasuran�:e premiums;(d>yearly ftaxi insura�ue premiunu,
<br /> if any: (e)yearly monbage insurance premiums, if any;and(tl any sunu payable by Borrower to L.ender, in accordance W ith
<br /> the provicions of paragr,►ph 8, in tieu of the payn�ent of mangage insurance premiums. These itertu are called'Esrmw lten�.c."
<br /> Lender may, at any cime, callect und hold Funds in an amount not to exceed the maximwn amount a lendcr for a feder;ally
<br /> related nwrtga�e loan may require for Borroa•er's escrow account under lhe federal Rea!Estate Setdenunt Prcxeclures Act of
<br /> i�3'i•:x,;u,�:,,;�.;;r����ti��w.�ti.:w. :2 L.S.C. S,,:.:ian 2wJl ra seg. i"RESPA"). unlecc a�xzther law that anplies to thc:Funds =
<br /> sets a lesser amount. If so, Lender may, at any time, collec�and hold Funds in an umount not to exceed the lesser amaunl.
<br /> l.ender may cstimate the amount of Funds due on the hasis of cuaent data and reasonablc ettimates of expenditurcs of future
<br /> Escrow Ituns or otherwise in accorduue with applicable taw.
<br /> Thc Funds s,h.:ll �h�ld in an instttution �hose de�cit� are incurod by a federal �gency, insm►�tx.ntality, or entity
<br /> (ineluding L.ender,if l.ender is sueh an iactitutianl cu in any Fedetal Home Lo�n Bsnlc. t.encler sl�ll apply�the Funds to p�y the
<br /> Eserow itemc.Lender may not charge Borrower for holding and applying the Funds,annualiy analyzing the exrow arcount,ar
<br /> verifying the Fscrow items, unless Lender pays Borrower incerest on the Funds�nd applir�Le Iaw permits l.endcr to m�ilce such
<br /> a charge. However, [.ender rr�y require Borrower to pay a one-time charge for an indepen34ai rea)estate tax reponing service
<br /> used by Lender in connection with this loan, ueless applicable law provides otherwise. Unless an agreement is made or
<br /> applicable law requires intcrest to be paid. l.ender shall not be required to pay Borrower any interest or eamings on tP.e Funds.
<br /> Borrower and Lender may a�ree i�i writing,however,that interest shall be paid on the Funds. Lender�hall give ta Bonower,
<br /> without charge. .n ancwal 3ocoonting of the Funds, showing ccediu and debits to the Funds and the purpose far which each
<br /> debit to the Funds was mzde. The Funds are pledged as�dditional security for all sums secured by this Security I�strument.
<br /> If the Funds hetd by Letxkr exceed the arnounts permitted to be held by ap�licabte law.l.ender shalt:u,�count to Borrower
<br /> for the exoess Funds in accorduk.-e with the requi�:.�enes of applicable law. I£rh,c amoant of the Funds d�iS by I.ender at any
<br /> time is not sufficient to pay the Escrow Items when due.Lender may so notify P�Tai,nvwer in writing,and.in such case Borrower
<br /> shall �a� to Lender tht amaunt necessary to make up the deficiency. Borrower shall make t�p the deficiency in no morc than
<br /> twelve monthlY p3Ymrnts.at lsnder's sole discn�tion.
<br /> a.n o �� . � c «�.. i ee , na f_o_,��r oll ntl n!fi�ntl tn Rncmwe� ailV
<br /> tiNiict N6rin"un ii� i�u av�i�� oi3�:.i Sw"i:Tv"'�. �. �21: ..�11...� SS...T fl�. . 5�...- �I'^iP.�••Y -
<br /> Funds held by I.ender.If,utsdet paragraph 21. Ltnder shall acquire or sell the c�roperty.Lender,prior to tik.xqui�itiuu ur sale
<br /> of the Property, shall apply any Funds held by Lender at the time of acquisition or s�le as a credit a�ainu the sums secured by
<br /> this Security Instrutnent.
<br /> 3.AppUc�tion ot Payments.Uriless applic�ble law provides oihetwise,all paymetiu received by L.ender under paragraphs
<br /> 1 and�shall be�pplied:first,to any prep�yment ch�rges due under the Note;saoand,to amounu payable under paragraph 2:
<br /> third.to interest due:fourth, to principal due:and last,to any late charges due under the Note.
<br /> 4.Chsrges;I.ieas.Borrower st�all pay all taxes,zssesunents,charges,fines and impositions attributable to the Proper!y
<br /> which may attain prirrity over this Securiry Inurument, and leaselwld payments ur ground rents, if any. Bonower sh�ll p�y
<br /> these obligatioac in the m�ncr provided in para8raph 2,or if not paid in tttat manner. Borrorver shall pay them on time directly
<br /> to the person owed payment. Borrower shall promptly furnish to l.e.ader all notices of arnounts to be paid under this paragraFh.
<br /> ii Tsorrvwer uwwea Gaac�ny:rK,�w y��,ct;y,�ar.owcr str:2:aror.:pil�fr:^ush ta L.r.�°.r zxei�s esi�_r.c•rg ih•F?;m�nrs.
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<br /> Borrower st►all pmmptty disrharge any lien which has priority over this Security Incttument unless Borrower: (a)agrces in
<br /> wridng to the payment of the obligation secured by the liea in a manner acceptable to L.ender; (b)contests in good faith the lien
<br /> by, or defends againu cnforament of the lien in, legal proceeciings which in the Leader s opinion operate to prevent th2
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agroement satisfact�ry to I.ender subordinating the lien to
<br /> this Security l�trument. If I.e,nder deternunes that any part of the Propeny is subject to a lien which rn;ts attain priority over
<br /> this Srxurity Inctrument, Lender may give Borrower a notice identifying the lien. Borrower sh�l1 satisfg•t*.a lien or take orx:or
<br /> more of the xtions set forth above within 10 days of the giving of notice.
<br /> Form 3028 8/90
<br /> Pp�2 oi 6
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