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<br /> T�i,i:Tiii�fi i:YITFt ali the ii�t�e���•en�n�. ik�w ur hertaftcr erxtal on the propeny, cuxl all ea�ements,appuncnanres, and
<br /> fi�tur�. i��w ur IH•reaftrr a p:ut uf tt�e prupeny. A!) reptacen�ents and �Witia�s stull ilxi bc ruvrruJ by this Sucurity
<br /> In.trumcnt.AN nf the fortigaing is referr��l to in thix&tiurity Instrum:nt�s tt►c "Pri�perty."
<br /> Bu12KUtiv�K I:uVCiVAN!S Itut tu�rmw�er ic laa•tuliy scised��t th:cstate�creby rome}�ed:►nd ha�thc n�ht ta grant and
<br /> rc►m•e�• th� Pn�peny and ttuu the Pn�perty is wuiuumhenxl, except fiu encumhra�xer uf recorJ. E3urrawer w•arr�cnts ;u�d wiU
<br /> def�iuf gccxrally the title tu tL•e Pruperty :y;•rinst all rlaioL�:uw,i Jemarxls,.uhject ta am�crKUmbranreti of record.
<br /> THiS SECURI'PY INSTRU6IFNT ccui�inc�uni5�rn����L•ciunl.li�r n;+ti�u�a) uK•Hr�i rw�n-unifi�rm�y,ve��ant, wi�t� t��»��.x1 -
<br /> vari:uiom i�y juriuiictinn tu r��mtitute u unifurm aecurity iiutrument co�•ering rc;al pru�xrty.
<br /> UNlFOR11 CC)��Fl�AI`TS. Fic�rro�•,r an3 t.cn:i�r.a�•e�t;wnt:u�d agr�e:►.;fu{tuHa:
<br />: 1. Ps�ynseat of Priucipal �utid Iuteresi; Prepaynunt aud l.ute Ch�es. Borrow•er �l�all promptly pay when due the
<br /> ari�xip:►1 of arxl interest on thc dcbt evideik,ed by the Niue aixl;u�y prepayment aiul late chargcs duc under the Nate.
<br /> 2. Nunds far Taxes a�u!Ituurance. Subject to applicahle law or to a w�ritten waiver by Lender, Borrow•cr shall pay to
<br /> Lendcr un the cia��monthly paynunts�m duc under thc I�bte, untii tl�e Note is paid in full,a sum('Funds") for.(a)yeatly taxes
<br /> ;uxl a�.��,�n�ents which may atuin priarity over this Seruriry Inctrun�ent as u lien an the Property;(b)ycarly le:uehold payments
<br /> ur g�cwnd rentc on the F'roper�y, if any;(c)yearly huard or pmperty inarance premiums;(d)yearly flaod insurance premiums,
<br /> iP any: (Cl yeacly mnrtgage insur�nce premiums, if:u�y; arui (�any sums payable by Bortower to Lender, in accardance with
<br />, the prov�siot�s of paragr�ph 8,in lieu of the paynxnt of nx��tgage insur�ncc premium.�. These item.�are c�lltd 'Escrow Items."
<br /> Lender nuy, at any time, collect and hold Funds i�� an anwunt ►wt to exceai the maximum :unount a �c�xler for a feder�lly
<br /> related nu�rtgrge I.-r.m may cequire for BoROw•�r's escrow arcount under the federa! Real Estate Settlement Froce.ta..�s Act of
<br /> 1974 as:�ncnded from time to timc, 12 U.S.C. Section 2fi01 et seq. ("RFSPA"), unless ancuher law that applies ta�;Funds
<br /> sets a lesser amount. If so, Lender may. at any tinte, colltct and hotd Funcis in an amcunt not to exceed the lec`er�jwunt.
<br /> Lender nwy ectin�zte ihe:unount of Funds due on the basis of current data and reasanable estin�ates of etpendiva�es uf futurc
<br /> Escrow Items or otherwise in accordunce with applicable law.
<br /> The Funds s��all he hekf in an inc�is��t�nq whose dc�.+!+sits art ':nsurW b� a f�i�r^..! sban,y�. 6:L,r,;me,niality. ar ;,niiiy -
<br /> (inclwiing Lender, if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the
<br /> Eccmw Items. Lender may not charge Bo-rower for holding and applying the Funds,annually analyzing t:�e escrow account,or
<br /> verifying the Escrow Itenu, unless Lender pays Borrower interest on the Funds and applicabte law pemu:s Lender to mzice such
<br /> a ct�arg�. Howe�•er, I.ende�rn�y require Barrawer to pay a one-time charge for au independent real est,i:z tax reponing service
<br /> usad by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agrcement is mzde or
<br /> applicab!e law reyuires intere.0 to be paid,Lender shall not be mquired to pay Barrower any interest or earnings on the Funds.
<br /> BotYOw•er and l.ender may agrcc in writing, however, tlwt interest shal! be pai�i on the Funds. Lender shall give to Borrower,
<br /> without eharge, an annual aceounting of the Funds, �howing credits and debits to the Funds and the purpose for which each
<br /> debit to the Funcis was mzde. The Funds arc pledged ac additiunal security for all sums secured by this Securiry insttument.
<br /> If the Funds held by Lender exceed the zmounts permitted to be held by applicable Iaw, L.ender st►all account to Borrower
<br /> for the excess Funds in accardance with the reqvirements of applicable law. If the anwuc�t c*f the Funds held by Lender at any
<br /> time is no:sufficient to pay the Escrow Items when due,Lender may so notify Borrower ia writing,and,in such case Borrower
<br /> shall pay to I.ender the arYwunt necessary to rnaZ;e up the deficiency. Borrower shap n�ake up the def:ciency in no more than
<br /> twelve t1YHtthly nYymPntc_at I Muirr c cnls�/1icr.Ut�^r�. .- .
<br /> Upon p�yn�ent in Cutl of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower any
<br /> Funds held by Lender.If, under pua�raph 21, Lender sf�all acquire or sell the Properry, Lender,prior to the acquisition or sale
<br /> of the Property, �hall apply any Funds held by I.ender at the time of acquisition or sale as a credit against the sunu secured bp
<br /> this Socurity Instrument.
<br /> 3.Applk.�tlou of p�yn�eots.Unless applicable law provides otherwise.�il payments received by Lender under paragraphs
<br /> 1 a��d 2 sliall be applied: first,to u�y pre�ayment charges due under the Note: second, to amounts payable under paragraph 2;
<br /> third.to interest due; fourth, to pripcipal due;and lau,to any late charges due under the 1�ote.
<br /> 4.Charges;Lieas. Borrower shall pay all taxes,asses;ments,charges, fines and inr�ositions attributable to the Property
<br /> which may attain priarity ovrr this Securiry Instrument, and Icasehold payments or ground rents, if atfy. Borrower shall pay
<br /> these obligations in the manner providad in paragraph 2,or if not paid in thac manner,Borrower shall p�y them on time direcdy
<br /> to the person owed payment. Borrower shall promptly funish to Lender all noticc.;af amnunts to be paid under this Faragriph.
<br /> I:5.;.:a�cr r�:::ia,�.zse pay,-�;c;,;�ui�uiiy.Bu�.owr� aiaii prumpiiy iumish�o iender receipts evidencing tite paysnents.
<br /> Bonower shall promptly discharge any lien which ha5 prioity over this Security Ir�strument unless Borrower: (a)�grees in
<br /> writing to the paymer.c of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good ftith the lien
<br /> by, or defends against enforcement of Ihe lien in, legal ptocee�iings which in the Lender's opinion operate to prevent the
<br /> enforcement of the lien;or(c)secures from the holder of the licn an agreement satisfactory to Lender subordinating the Ii.En to
<br /> this Security Instrument. if i.ender determines chat any pan of the Property is subject ta a lien which may attain priority over
<br /> this Security Instrument,Lender ruiy give Borrower a notice iS�ntifying the lien. Borroxer shall satisfy the lien w t�ke otfe ar
<br /> more of tl�e actions set forth�bo�e within 10 days of thc givin�uf notice. �
<br /> , ioaw 3028 9/90
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