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<br /> �rocE�[c wm��u mo�mmpone�s e�w a�«+ecua on the pmpercy.ane au�:�10�' � ' _
<br /> _ _ ._ � .---.-— � and additians sl�all also b�covered bY this So�h' — -- - f
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<br /> _��[�he�ep�tr: _-_ _ - -- -a- � �
<br /> � It�nmenG A!i d We foregoinS is refe�d ro ir�this�ecun'�jr ia�-1�t�tlII�the tt�ope�iY== — - -
<br /> `BOWtOWFR COVENAN!'S tha[Banov�er is lawfiilIy seised of t6e estatc tse�eby conve�B���a�nd
<br /> aod wnF�Y��Y?�that tt�e PtopertY is�cmnboced.except far encuq►6r�,nces -
<br /> wiU defend geaaaltY d�e Mk to zhe PtopeRY aS�nst ali ct�ims aad demands.subjoct to any encutnMances�of�with
<br /> 'lHIS SECtJRYTk l�u��canbiae.c'unifam oovenants far nat�onal use and tiai-unif
<br /> limited vatiatiaas by�isdiction to onnqitute a unifam sec�iry inseument coveting res2��
<br /> lJN�ORM COVENANfS.Bonowetu�d i.endercoven�nt and agt�ee asfoiTaws: when due tbt
<br /> l. Pa�eet dPrLcip�a�d Ide�Pr�WS��aad Late Ciaraes. Bamwer sha11 PromPdY PaY
<br /> _- pmtci�tt of as�i�aa the debt evide�d bY the Y�tote and anY P�PaY�t and Iate chacges due under the Nate_
<br /> _ — ' 2 Fi�lnt'�aad-Ia�ra�eG Su1�ax t°aPWi�le law ar to a writtrn waiver by Lender.Barower-sl�U PaY t�
<br /> Lender on t�:��-�;�Y��aie due unda th�Note.unn7 tUe Nate is paid in fuU,a sum(°Funds")for:(a)yearlY
<br /> �=:;�a�:a�aY sar�n P�wntY over duS Security Tnstrumem as a lien��e�m�a�y�ye�e�
<br /> taxes and asv�.�.�. ., ,. �d�p�p�rty '
<br /> ��n�.��;,���the propesty. if any; (c} Ye�iY sums-payabk by Farower to .,
<br />-ry.. i��as.if an}r;(e)Year1Y��5��ura°ce.Pnemi�uns,if aay:and(�ar�Y ',
<br />'�' ' i,soder�iu accordanee w�th the proviswns.of paragrdpU
<br /> 8.in liw of the payment of martga8e irsur.�ee P�ums. TAese,; ':_..,'.:
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<br /> ,,' items ace c�lled"Fiscmw Items." l.ender may;t�i any titne,coII,��°�B�wer's}escro�taunt�uader tbe C�deral Reat'�_ ;'�? .��'���• _
<br /> .�s_ .;,, ,.---. ._.uttaunt.a teadsr for s fedeiaitY related anoctgage Io�G r.�Y� _ --- -- `
<br /> Sa� s= �4:'�y�+�ano'd�s.
<br /> ti?`+ : Estate Settlert�ent Pmcedares Act of i914 a4 aru�.2',��s�ne iv f:1-�,1�tt.�.��?kQZ et seq. __.. — --
<br /> t4;, setsatesse�.-'`R�"'� �`�",�e�r ,r,.:.����.�"'.�'�-ieclatldtxpld`.�'i,.i�"�-'�-�;.�sountnol e�.
<br /> faw tt�at applies to the Funds � >•���,-• `��'.����b�is of sx�'���-�b - - -
<br />_..;.�; .` exceed tbe te�ser amam� I.ender r�" e�'a�-...•�� . s�Ye hcablalaw. '' ' ;� _=-
<br /> - � • es�natesofexpenditureso�fattmEsccpv�Iteri�scRrcte.�;s�hr,.aco�".��_ �� tnstrumeima�.."`Y,or entitgt ._-
<br /> �' :, �ts u�e insiuied by a��eta`ragenCY•� �
<br /> ` �The Fimds si�ali 6e 5��in an institutioa�xho5.:� the�unds w `-
<br /> , '("rncIuding Lender.if i.e�er is such an in�itution)of ni any Federal Home l:oan Bank: Lznder s8a11 apply PaY �'_TY_-
<br />. � '. ,'.':�_ the Escrow Items. Lendec may not charge Borrower for hotdin8 and applying the Funds.annually analYzinB the escrow :`i��-
<br /> � <;::
<br /> ��,, . a c c o u n�ot ve r i f y in g the Esennw [tems, unless Lender pays Brnsower interest on the Funds and applicabte law permiu - �� _..
<br /> Lender to make such a chacge. Hawever.I.ender may tequue Bocrower to paY ueabte law pco�'iv des otherwise e U ess an � - �
<br /> : �,, ,.'�. estate tax reponing service used 6y 1.tnQer In coanection with this taan.untess app --� , �
<br /> - '°�'��`+�.. agreement is made or applicable!aw reqaices intecest to be paid.Lender shall not he required to p�y Horrower any interest or` , , �
<br /> , -�-�'=�,:.;. ree in writing.however.that interes�t shall be p�id on ihe Punds. [.er�der '�;�
<br /> , � eamings an the Funds: Bocmwer ar�d�Lender may ag . E!�;^,�;
<br /> ,, �;_;� w,�: 'i���� � shalt give to Borrower.without charge.sin annual accounting of ihe�unds,slwwing credits and de6its to the�unds and the ,, .
<br /> ���•- •.. . , puipose for whicfi each debit ta the�unds was rtade. 'It�Funds are ptedged as additional security for ap sums tiecumd by �'�_:
<br />. ' '�:�:.�,'4 .-' f: �: this Secunty Insttumem. , y�'
<br /> �v � .� Le�der sha11 aceount to
<br /> � , y-�-� if the Fund.4 held by L.enQer eaceed the amounts pemtitted to be ixld by applicable law. ` �
<br /> Y���`' � Barrawer for the excess Funds in accordance wiih the mqwremenu af�pplicable taw. If the amount of the Funds held by
<br /> �.` � . -''y '
<br /> �^ *� I,ender at any time is not sufficirnt t�pay the Escrow Items when due.I.ender maY so narify Borrower in writing.and in •
<br />' '�_"�".'- such case Barrower shatl pay to LenA�r the amount necessary eo make up the deficieney. Bormwer sha1l make up the �• ��'�;.
<br /> � :g.,.
<br /> '�`•- - �f���y�n na Rtore than twelve monthty payments.at Lender's sale discretion. .
<br /> :.j�,x-�;,� . y ry P� P Y, . ,�.
<br /> : ��-�� - � . -. Upon payment in full of all sums secureA b this Securi insirumeat,Lender shall rts U refund to Borrower any �; ,,r_.
<br /> ` �'°�:_'� :" ' � Funds held by Lender. If,undec paragraph 21,l.ender shall acquire or seli the Propercy.l.ender.pnor to the acquisition or
<br /> ' '=s,;.;;.• .� . � sale of the Property.shall apply anY Funds held by Lendec at the time of act;uisiuon or sale as a credit against the tiums --�.'
<br /> .- ., . - , . secuted by this Secunty Instrument. enu�eceived Fs I.ender under . . ��
<br /> �� �� � 3. Appliqtion oi Ptiymenis. Unless applicab1e law provides otherwise,all paym y able under
<br /> � -;;.�w�,. � ,. .;.� -...
<br /> ' :;r; . •--���,� . � paragraphs 1 and 2 shall be applied:first,to any prepaymem charges due under the 1Hote:setu::d.to amounts pay _
<br /> '+t{,t, �;r�;�y . paragraph 2:third,to interest due;founh.to princ�pal due:and la§t,to any late chazges due a:e�.�the Note. � ,'�+�«�:;-
<br /> ,.,•-��:;•---�-� 4. Ciweges;Liass. Sorrower shaU pay alt tax�s,assessments. charges,fu2es and impositions attributable to the `,� �, j-.�
<br /> `'^''�'��'�� '��'�' ' pf�o p e r t y which may attaieo Qriopty over this Security dnstrumenl.and leasehold p�"��ts or gcound rents.ii any. Borrower I.:.,.,. ,� ,
<br /> • <:_:��7*c�; •. . h 2.ar iP not paid�:.t:�sat manner.Bortower ahalt pay them on ,� � "����=.-
<br /> . '.F,`.' ,; ��• " shall pay ehese obligations in the manaer provided ecs�mSrap ;,'?:'_ ' .
<br /> � �';;'-' time dire�u to theperson owed paymen� Ho�rower s';sall pramptly fumish to Lender all notices of amounts co be paid under •: .�
<br /> . �'; ..:.. �r,,,:', ;`:, ; • . - ,�:�_
<br /> 'I.`�,� '' ,�;,���.;�,, . tbis pacagraph. If 8 onower makes these paymen[s direc�ty.Borrower sball promptly fumish to Lender recripts evidencing �e y
<br /> • ;;,���_ thepayments. � �
<br /> a4.�
<br /> � y.s, � ;�ti�• ' Horrower shall pramptly discharge any lien w[:i:.h has priority over this Seccrity lnstrument unless Borra����r:(a)agrees ''I �__-
<br /> • •'� '�'' in writing to the paymeat of the obJigation secured°�s'g!he lien in a manner acce,�:2ate to Lender:(b�cont�ts t-^-yood faith the r �,�
<br /> ..E.... , ''
<br /> ' � =�-`�:-��-�. : 'f� � lien by.or d e fcn d s agains t e n f a r c e m e n t o f t h e l i e n i n,t e a l p r ce e e din gs which's:+t:�e Lender's opinion opev�:'�prevent the ��,;,,a=
<br /> .y ,. . 8 � ,_..'��yr--
<br /> ��� �'���;-'�`• enfarcement of the lien:ar(c)secures from the hotder of the tien an agreement satisfactory to l.ender su6er.�;nat i ng t he tien � , .
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<br />.. • _ � .:' :.� � to this Security lnsuumen� If Lender determincs that any part of the Property is subject to a lien whicb ora�attain priority .
<br /> .: ` over this Security lnstrapnen�.Lendermay give Borrower A natice i d e n t i fy i ng the lien. Boaower shall saa�s�y s:�e lien or take
<br /> � • ' one or more oi the actior,s set forih a6ove within 10 days oP the giving of notice. � � ,
<br /> • 5. Hazard or Property Insurana. Horrowcr shail keep the�mprovements now existing or herea���s�:°cted on the ( .
<br /> � . . Froyerty insured against Ioss by�re.hs�zards irtcluded within ihe term"extended caveragc"and any other haza:ds.inctuding E
<br /> za
<br /> ' ftoods or f�ooding,for which Lender requires in�urance. 'Chis i�ssatance shall be maintained in the amounts and frn the ` _.
<br /> . FamJS28 9l90 Ipuge2njbpd�esl � .
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