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<br /> 96- �.O�I��
<br /> TtH3�,Tt1�1� W1'A'H nil the impravemcnt�naw ur e�erca�i�,a,:...tu;on th�prc�rEy,»t::3 a!!c»sements,n+�, � c� .n s.und c_
<br /> fixtures nu�v or Iieru�Rcr n p�rt o4' Chc p,�p�rty. All rcpinccments mid ndditlons shnll ulsa bc covcrcd by thiti Sccurity
<br /> Tnstrumcnt.All��f the fascgc►ing iz refcrred to in thir�Securfty Instrumcnt os the"Pruperiy." "�
<br /> �ORROW�R COV�NANTS thut Barrower is Inwfully sciscci uf the estnte hcrcUy conveyed and fias thc right tn grnnt und
<br /> conve�r thc Prapeny and thut the Property ig unencumbcred, cxcept for encumbrnnccs of record. Rorrowcr warrnnts nnd will
<br /> defe�xl generully the title to the Propc;rty ugaiust all c►nims a��d demands.subject to any cncumbrances of rccord.
<br /> T441S�RCJPLTY!I�IS'?'RUMENT combinex wiif�rm cc3ven�nts far national use nnd nan-wiiform c;avenants with limital
<br /> i�ariations by juricdiction tn ennstitute n uniforni security instrument cavering real property•
<br /> t��t��nRM fY1VF?NANTS.Borrowcr and Lei�dcr covena»t und agrcc as follo�vs:
<br /> 1. I'Wyment ot Pri�zclpel �nd tnteres/; Pwc�yment and Y.�te Charges. Honower shull promptiy pny when due th�
<br /> principul af nnd interest an the debt evidenced by the Note und uny prepAyment and late ahnrges due under the Note.
<br /> 2. Ebndv for Taxes and Insurance. SubJe;.t to�pplicable law ar ta n written�vuivcr by Lcnder, Dorrowcr shall puy to
<br /> L.endcr on the day�nionthly�ayments are due under the Note,untll the Notc is puid in full,�sum("Funds")far:(a)yearly taxes
<br /> wid nssesstntnts which may�ttain priority aver this Security Jnstrument as a lien on the Property;(b)ycarly lcaschold payments
<br /> or ground rents on the Property,if uny;(c)yearly huzard or pxoperty insurunce premiums;(d)yearly tlood insurance premiums,
<br /> if any; (c)yearly moti�tgage insurnnce premiums, if auy; und(� any sutns payuble by Borrower to Lxnder, in accordancr,with
<br /> the provisions of parugr�ph 8, in lieu of the payment af mortgage insurancc premiums.These items arc called "Escrow Items."
<br /> I.cnder muy. at any tim�, collect and hold Funds iu an amaunt not to cxceed the maximum emount u Iender for a federally
<br /> rolatod mortguge loun may requlre for Borrower's escrow nccount under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as ametxled from time to ti�ne, 12 U.S.C.Seczion 2601 et seq. ("RESPA"), unless unother law that epplies to the Funds
<br /> sets a lesser amouut. YF�u. l.e��dc� ��iay, ut any timc, colla'�t And hold Funds in nn amount not to exceed the lesser a�nount. _
<br /> Letxler may estimate the amount of I'unds duc on the basis of current data and reasonable estimutes of eapenditures of future
<br /> Escrow Items or othcrwisc in uccordance witli upplicaMe law.
<br /> Thc Funds shall be held in an institution whose deposits cue insurcd by a federni ngency. instrum�ntality, or entity
<br /> (�ncluding Lender,if[.�nder is such an instttution)or in any Fedcral�ome I.oan Bank.Lsn�er stiall apply thc Fun3s ta pay the
<br /> Escrow[tems. L.ender may not charge Sorrow�r far holding and applying the�unds,csnnually analyzing the escrow aceount,or
<br /> verifying the Escrow Items, unless L,ender pays Barrower interest on the Futtd:,and applicable Inw pernuts I.ender to makc such
<br /> a charge. Hawever,i.ender may requlre Bottower to pay a one-time chsuge for an independent real estate w�c reporting servioe
<br /> used by Lender in connecdon with ihis loan, unlcss applicablc law provides otherwise. Unless an agreement is made or
<br /> applicablt lAw requires intenst to be�id, L.e►�der shali not be reqairod te pay Horrower any interest or eamings on the Fands.
<br /> Borrower and C.ender eimy agree in w�iti�ig, however, diat incerest shaU bc paid on the Funds. I.endcr sh�ll give to Borro�,wer. •
<br /> wiu�w�c�w�be. ai�d���Ual �,wutSiiitg of ilt�FLr.�:. :hQ�lno cr!Y!�r�n�xl debits to the Funds and tl►c purpose for which each
<br /> debit ta the Funds was made.The Funds are pledged as�ulditionul securiry for nll sums secured by this Secur�ty Instrument.
<br /> If the Funds held by Lender excc�d the amounts permitted to be held by applicable law,Lender shall acccount to Horrow�r
<br /> for tho excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by I�nder at any
<br /> time is not sufficient to pay the F.SCmw Items when due.[.ender may so notify Borrower in writing,a►xl.in such c.ase Borcower
<br /> sh�ll pay to Lender the arnount necessary to make up the deficiency. Borrower shall make up the defic[ency in no more than
<br /> twolve monthly payments,at Lender's sole discretion.
<br /> Upon payrr�„t in full of all sums sa:ured by this Security Instcument, I.ender shall pmmptly refund to Bnnrower any
<br /> Funds held by Lender.If.under paragcaph 21,Leixler shall acyuire or sell d�e Property,I.ender,prior to the acquisition ar. sele
<br /> of the PmpeRy.shall apply any Funds held by Lender nt the time of acquisition or sale as a credit against the sums sa:urcd by
<br /> this Saurity Instrument. •
<br /> 3.Applkatfon o[p'a�mente.Unless applicabla law provld�s otherwisc,all payments reaivod by I.ender under paragraphs �
<br /> 1 anti 2 shall be applind: tirot, to any p�ayment charges due under the Note; secund,to amounts payable under paragraph 2; �
<br /> third.to interast due;fourth.to principsl due;ancl last,to any lato charges due under the Note.
<br /> �i,Clu�rges; I,iet►s. Borrowcr sh�ll p:ry all taacs,asscssments, churges, fines and impositfons attributuble to thc Propeccy
<br /> which may actain priority over tfiis Security Instrumcnt. and leasehold paym�nts or grourxl rents, if uny. Borrower shall pay
<br /> these obfigations in the manner providai in paragn+ph 2.or if nat paid in thnt mar►ner.Bomowe�r shall nay them on time diceccly
<br /> tu ti�e person uwed payment.Borrower shall promptly furnish tu i.e►Kier all notices of unnounts to be paid under this paragrnph.
<br /> Yi Borrower makes ihese�x+yu�ui�3iioi:ily..^a�,—.�wcr s�al!pm:.o�.t�y furni�ti tu I.ri:�er r�ce'spts te's�er.cin.��h�naY�rwota. _
<br /> Bonower shtdl promptly discharge any lien which has priority over t9aia Security Inst�'ument unless Borrower. (a)agrees in
<br /> writing to the�s�ymcnt of the obligation sccueod by thc lien in a n�►anner acaptable to Lc.ncier;(b)contests in$ood futh the lien
<br /> by, cr �efends against enforceme��t of the lien in, legal psoceedings which in the LeTUier's opinion operate to prevent the
<br /> enfoicement of the lien;or(c)�ecuces from tt�e holder of the lien an agreanent satisfattory to Ixndcr subordinating the lien to
<br /> this�ecurity Jnstnnnent. If[.�nder det�ermines that any parc of the Property is subject to a Iten which may attain priority over
<br /> this Security instnunent, L.e�xlar may Sive Borrower u notice id�ntifying the lien. Borrower shall satisfy the lien or take one or
<br /> more of the actions set forth above wlthiu 10 days of thc giving of notice.
<br /> Form 3028 9/90
<br /> Papn 4 of 0
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