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<br /> 9�".' 7��!�� LC�AN NO, t s 3 9 z i �9 a i
<br /> Tk19 S�CURiTY INSTRUMENT comb!ne9 unifarm cave+�nts far natlonal use and non-unNarm cove�ants with
<br /> Iln�d vari�tkuw by Jut�sd�tion to constltuta a unif�xm sxurity Instrument coveriny real proparty.
<br /> UNiFORM COVENANTS.Borrawer and Lender covanani anci aq�ee as idlows:
<br /> S.�yrr�cf Principal�nd I�twwt�PnpaYm�M and L.�t�Clwr�N. Bwrower slwll prompdy pa�Y when due
<br /> the pNnc►paf of and i�terast on the debt evic��c by ttw Note ar�i nnY pr�aYRzw�t at�t tnt���a dua u,�ar tt�
<br /> Ninta.
<br /> 2.Fut�ds tar 4�xes�nd In�urance. SuhJect to appi{caWe law ar to a wrfttan walver by Lend�,Borrawer sh�1!pay
<br />. to Leruter on tt►e day monthly payments are due unde�the Note,untU the PVate is paki In full,a sum("Funds")tor:(a)
<br /> yeariy ts�ces and assessments which may ettaln prio�ty over thls Security tnstrument as a 1(en on tha Properry;(b yoa�ty
<br /> leasehold payments or grourxl ren4s on the Properiy,if any;�jc)yeariy hazard or property insurance premlums;( )
<br /> yeariy flood Insurance premlums,tf any;(e)yea►ty rnartgage insurance premlums,ff any;and(�any sums payabla by
<br /> B�rrower tp Lender,in accordance wfth the provisions of paragraph 8,In Iteu of thu payment ot mongage insurance
<br /> pramfums.These ftems are caUed'Esc�ow Items."Lender may,at any time,cdlect and hdd Funds In an amaunt not to
<br /> exceed the maximum amoun2 A lender for a federa}ly related mortgage loan may require for Borrower's escrow account
<br /> under thetederal Real Estate 5ettlement Procedu�es Act of 1974 as amended from time to time,12 U.S.C. J2601 et
<br /> seq ("RESPA"),u�less enother law that applies to the Funds sets a lesse�amount.lf so,Lender may,at any time,coUe;.Y
<br /> and hoid Funds In an amou�t not tn excaed the lesser amount.Le�der may estimate the amount of Funds due on the
<br /> basls of curcent data and reasnnat�te Pstimates of expendUures of future Escrow Items or oihe�wise in accordanc6 w�h
<br /> applicable law.
<br /> Z'':�F:�.^��;��;!!w3 h�!w!R��!E.^.�tl!:.�ttMn u�ngn�_�,nc�c a►a inc��rarl hv a farf�ual anpnc:y,Inst�umenteliiv.Or eRLftV
<br /> (indut93r�Lender,�Ler�der is such an Irutttutbn)or In any Federal Home Laan Bank.Lender shall apply the Funds to
<br /> pay the Esc�ow Iteims.Lender may noi charge Borrower for holding and applying the Funds,annuaUy analyztng the
<br /> es�rzxv account,or v�rifying the Escrow Items,unless Le�der pays 8orrower fnterest on the Funds and appl�able law
<br /> permits L.ender to make such a charge.However, Le�xler may rar,uire Borrower to pay a one-time charge for an
<br /> i� �' �;a�d�aal�,ia:as:�a�.t,-.g san�:.a u:�. 5y L�r,�cr:n c��n�tlo�::�kh*h!s loan,u.^.ls�,��p�!!za�!e!aw
<br /> pro1 othenxise.Unless an agr�ement is made or eppllcable law requires fnierest to be paid,Lersder sha!!not be
<br /> rc�quirad to pay Borrower any interest or eaminqs on the Funds.Borrower and Lender may agree in writing,h���•er,
<br /> that interesi shall be pald on the Funds.Lende�shaA give to Borrower,K�thout charge,an annual accouniing of 4t►e
<br /> Fu�ds, shoadr�credits and deb�s to the Funds and the purpose for whtct�each deblt to the Funds was maida The
<br /> Funds are ptedgsd as addftlonal security for a11 sums securecl by thls Secwity Instrumem.
<br /> If the Funds hetd by Lender exceed the amounts pertnAted to be hetd by apdicable law,Lender shatl acc�xo4 to
<br /> Borro�wer for the excess Funds in accordanc:e vvith the requuemer�ts of applica6ie law.iF the amo�nt of the Fu.�c3s he�d
<br /> by L.e�der at any Ume ts not sufficient to pay the Escrow Items whsn due,Lender may so notify Borrower in wri�r�,
<br /> and,(n saich case Borrower shatl pay to I.er�der the amount necessary to make up the deNciency.Borrowec shait make
<br /> up the deflciency in no more than twetve mo�fiiY I�Y��ai Lsnder's sote discretion.
<br /> Upon payrnent fn full of all sums secured by this Security Instrumer►t,Lender shall promptly refund to Borra��er any
<br /> Funds heid by Lender.if,under paragra�21,Lender shatl acquire or sell the Propert�r,Lender,Prbr to tha acqu�s�ion
<br /> or sate d the Property,shail appiy any unds t�etd by Le�der at the time of acquisiUon or safe as a credk asalnst the
<br /> stxna st�cured by thls Sectuity Instnxrte�.
<br /> 3 AppYcatlan ot paYrtwnts. Unless applicaWe law provides othervvise.a11 payments recelved by Le�der under
<br /> parsgraplts t an0 z sfife�l De appiie0:ta'st.to a�ty pr�aymeru charyes due under ine ivote;seaono,io amourris payabia
<br /> _ uRder paraqrapl�2;thkd,to Interest due;fourth,to pdncipal dua;and last.to any iate charyes due under the Note.
<br /> �► �ry�s,LI�nR Borrawer shatlpay all taxes,assessments,charges.firtes and imposi2lons attributabl�to ihe
<br /> � P�opertyC�whk.h may aua(n�riority over this Security Instnunent,and leasehdd payments or ground re�ts,ff any.
<br /> : Bortawrar s1tia11 pay thase obl -igatlons tn the manner provlded i�para�raph 2,or if not paid In that manr�.Borm�er sftiell
<br /> , �arrwur�itsi�patdd�u� gpara��aph.�if�e«yower�mak���se�pa�y�akec�y B rowe�sl,ai���fumisnw
<br /> t t.endar tac�lpts avidoncin�the PaYments.
<br /> Borrower shall prompGy discharge any lien which has p�iorrty over thts Security ltn�ru���ent uNess Bo�rowec:(a)
<br /> aprees in w�itin9 to the paymeM of the obliSaUon sectYed by the lien i�a manner aaeptable to Ler�der;(b)contests in
<br /> good fakh the lien by,or defends agalr.st en4orcerr�eM of the lien in,legat proceed'u�gs which i�the L.ender's opinfon
<br /> ' operate w prevent tha enforoert�ent of the pen;or�c)secures ftom the hofd�r of the lien an agreement satlsfactary to
<br /> i.endsr suootdinadtat�iite iiare io uus Securiiv i�swrwni.ii L6itiiEr�ieierr���s?,`�'u ti±i�;�iui c,f ii�Pie,�iy is subj�;i�a
<br /> ' a Ilen wt�ich may attatn prbrity over this Security Instrument,L.er�der may give Bonov�et a notice identNying the lien.
<br /> Borrower st�aY satls�I the Ilen or take one or rtwre of the acxbns sat torth abo've withhln 10 days of ttte qfv�ng of notJce.
<br /> ' S.i1�s�M or Prop�rty Ittsuranw. Borrower st�all keep the imptovemetus now e�oisting or hereafter erected on tite
<br /> Property Insu+red apalnst loss by flre.haxar�ds Indtxled w�hln tha term's�dended coveta�e'and any other ha2atds. •
<br /> ' tndudinq floods a floodln�,for which Lender requires insurance.Thts Ins�rance shatl be maiMained in the amounts and
<br /> for the puriods that Lendet requires. The insurance carrier providiny the tns�uance shaU be chosen by Bor��ow�er subJec:t
<br /> ` to I.snders appraval whlch shaU nat be u�ueasonably r�ritMield. If Borrower fails to maintafn coverage described a�bo�ve,
<br /> L.ender may,at Lender's optbn,obtain oo�verape to protect l.ender's rigt�ts tn the Property tn accondar�e with
<br /> peregraph 7.
<br /> • ' FAMlLY-fNMA/FHLYC UNIFORI�INSTRUI�ENT FOR!/302��/90
<br /> ISC/CI�DTNE//�T92/3028(�90)-L PAGE 2 OF 6
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