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<br /> � gG- 10��09
<br /> TOGiTHER�'J(iT-i all thz im�ro�•em�u now ar htr�ancttd on the prc.vezty,aad atI�is.�ppu*teflaaces, and
<br /> fizturcx now or hereafter a part of t�te property. A11 ctplaoemeata aad additiacs shall aLsa bc c�vered by this Seturiry
<br /> Instrument. Aii of the fcregoing is referred to in this Sec�uiry tnunimeni�rtx'Property.'
<br /> BORROWER COVENA.*tTS taat Borrower is law�fully seixd of the ataze herdry com�eyed aad haS tbc right to g:ant and .
<br /> ccevey thc Property and that th� Prvperty is u�c¢mntczd, exctpt for a►am�raaas of tword. Botrower warcants and wiii
<br /> defeod grne*ally:he ti.k to th�Prape:ty a�aiasc alt ciaims and�rr�ands,subKtt te aoy�tances of raord.
<br /> THIS SECL'RITY INSTRliMENT comL�es�n►iforrn em-caants fiur natioaal t�se md noa-uaifcim soveuaau with limited
<br /> vziatioas by jurisdiction ro consti:utt a unifo:m sxur,ry it��.-�meat covering rul prop�ty.
<br /> LJNIFORM COVEN�'..*tTS. �rnnvtz an:i L,�vder to��ra.'�t and aarae as follaovs:
<br /> 1. Paym�nt aP PriQCipal s�d Ini�r�cst; Frepsymtai aad I.ste C'Fx¢rgts. Borrr�ver ztt�ll pcamQtly pay whm due tae
<br /> principal of zrzd interest on th�drbi cvidecstd try ttae Piote amd a�y prtpay�at aad lat:c�uga due tmdtz the I�ott.
<br /> 2. Funds for Tates and Yffiurance, Subjax to a�plipble tativ or to.:vrrirtea a-a:*vcr bry i.endu, Eerrower shalt pay to
<br /> Lcnder o��`:e day monthly paymenu art duq wx'�er th�Noct,tmtii t�e 3tio:e is paid in full.a sum('�.meis')for:(a)ytarly taces
<br /> and assessmcnts u•hicE� may attnin pri�rity a�a this Sc usity t�rament as t liaa on tIx Properry: (b)}earty lta�ei�.o}d payarnu
<br /> o:grour,d rents on the P:operty, if 2ny; (c)yt�riy hazzrd�pr�erty iasusaace p:tmiumq;(�yeatty fload iasvranct prem;�ums,
<br /> ii any; (c) yc:a:i�• _*�ng'age iZ.sura�t�1tem:umt, if 3ay: �d t7 aay s�rm��a�by Borro�er to L,e�la, in acoociLuxr with
<br /> the�rovisior�of paregraph R, ;n lieu of Lhe paymc^t of mortgage ias�t�ace preminms.'Ih�se%Sr.�are aUed 'Esaow Itemg.'
<br /> I,en�cr rnzy. at ary tirr�e, aoifai ax:� hald Funds in za �oami ac+t t�exued the muivarm amouin a leader for a fo�rally
<br /> ;clated cnortgage loan may rquire for Borm�vet's esctorv �tmder tbc fodaal Rul Fstnt Settie�meat Proadures Act of
<br /> 1974 as ar_r.nda! irom tirx to timt. 12 U.S.C. Stction 26Qt et seq. ('RESPA').unlsss mothtr Iaw that apglia t�the Fimds
<br /> se.s a lesser amount. If so, L.endtr may, e? aay time. ooi��* gnd bold F�nds in aa am�t aot ia e.cce� the lessa smoamt.
<br /> Lende* :,�ay estii;a:e the ameunt oi F�mds cln�:4a tf�e buis of currtat d�and it�ie es*im�ta of ez�dittms o:fututt
<br /> Escrow Tttms or otberwi�e in asz�orda�ce vrit�a�piis�b#e ixw.
<br /> The Funds ��all ix held in an institotiots w�OSt deposits u- insured bv a fett�l :ga�}, insuutneutaiity, ot eatiry
<br /> (inetuding Lcudcr, if L.ender4s su�h an uutitntien)or im aay Federai Fi�i.naa B:ak. I<ader shall a�pply tbe Funds to pay the
<br /> Escre•.v Items. l.erwer may net chzrge 8orn+�ret�'or hoiding arsd apptyic�g t�e Fumds, gnanallty:oal�ruag t�e c.�crow aceouat, or
<br /> ��eri;ying the t.scrow Items. unless l.ender pays Borsowex iatesrst on t!x Fttt�ds md apQ�ic�btt tta►pennits l.eadtt to malce svch
<br /> a charge. However, Ltnder may ctquine Berro�er to pas a 000-tim�thugt far an indeprndeat real atstt uu r�Ring�avica
<br /> used by Lcr,der in conncction with this loaa, uulcu a{rpiicsbit tt�w gtrn-ides oth�vi�e. Unitss sa agreatrat irs made or
<br /> apQlicablc law requires intcrat to be paid, L,rndc s�il �ot L�e�uicod to pay BorroRa aay imatst or uanings oct the Funds.
<br /> Bor.c�c•e� �,1d Lerder :nay agret in a;itzn3, t,.�wertr, t3�t i�1�s6a11 be paid�t3�e F�.ds. L,tader siull give to Borr+ower,
<br /> withoi+t charge, an annua! accounting of the Funds, showing �iu�aad deb�ss t� the Ftmc[� and the puspox for whith each
<br /> debit to the F;ut�s was t:�dc. 71�c Funds v�c pledged as additioaal sttutity�r all sums scetuad by thit S�cvriry Insuumeai.
<br /> if the Fu�ds heid by Lender czcud t,'M unq�.uus Fesmitt�d:a be tkld by apgiicabie lav+, Leadcr shsll xcouat te Borrower
<br /> for the excess Funds ia a�rnrdance with the reqnir�meats of anpii�lsle Ix�++. If tht amcrmi of tlae FQads held by I.mder at any
<br /> time is t�ot sufticieat ro pay the Escrow Iteuts a-hrn du,i,tada�r so notify Borrvwer ia�vriting. md, ia such case Bomower
<br /> shail pay to !_ende: che an:ount cros�ary to make t�the dt�eieac7. Earsvcres shall �ug tlye deficxacy in mp t�pre than ,
<br /> :wetve nxmthly paym�nts, at Lrnder's snie di�cserion. .
<br /> Upan payment in full QC ali sums sec�rzd by t�is SecuritY �trs�c.zt. L�der shali pramgtlY refuod to Borsowa any
<br /> Fu�ds held bv Lxnder. If,under paraera��2i, I.eader s�all�a;uitz�sd]the Prflpextv,;.cndG,prior to the�cquuitic�or aale�
<br /> of�.e Properry, shaii a,Qply any Funds hetd by I.rnd�r u tht time af rcqoisitio9 or sale as a craiit a�ainst the sun�stcurtd h�f
<br /> tl�is Sec�riry Instrument.
<br /> 3. Appli:ation of Pa��nenu. Unless apgticable!aw pravia.�otherw-ise.all paymeats t�eived by Leader i:nder paragra�hs
<br /> t ard 2 shal: be apolie�: f�rst, to aay pre�avaieat chu�es due ur.dir th�e AFate; .�d, to amovuts payabie :m�kr paragra�h 2;
<br /> thicd, to interest due; fotutlt, to principa!due;an�:lut,to a�ry lxe cbargrs due�du thc Nott.
<br /> 4. Ctiarges, Liea�. Bamowa shall pay alI taza, a�essmaus, c�uges, fines and impositioat amri6vtable ta the Pm,erh'
<br /> w•h3cn may attaia priority over this �ecurity tattrw-neat, and ►easeho�d pay�menu ar gro�! reau, �£I any. Botrowtr shall PaY
<br /> these otligations ir.the manncr provid�d i�paragr.�2.or if not paid in that mmner. Bosruwrr sha1l pay them an time directly
<br /> to the person owed payment_ Borrowti�shatl procttptly fiunish to L.rndet all noticrs Qf�m�wr..n to be paid undet this paragra�h.
<br /> if E?orrower m.akes these pay�nenu direct!��, Borroa�er�:�all prom�cir fiimish to Laui.�n.oeipts evidtncing the�ayments.
<br /> Eorro��er shall prpmgtly dEscharge any litn whitl�has Qcioriry over�his Sa.vrity trasuume�e unless Sormwer: (a)a,gitts in
<br /> writ;ng to the pa�ment of the obligation secureci by chc�liea in a a�anatr aaeptabk ta L,et�ier; (b)roactsu ia good faith the lirn
<br /> by, or defends against enfocecrr�ent of �e lien in, l��al procxedings w�ich in the Letsckr's opirtion operate io prevent thc
<br /> en(omement of the lien; or(cl secura fmm t�r. �oldu of tat:��n at�agreemtst sauisfactory to I.encttf aubordinating ihe iitn to
<br /> ehis Securiry Instrument. If Lez�acr determincs that an�;part of the Pro�.rny is sut,j�ct to a lien which may attain prioriry over
<br /> �his ScK:u:ity lnstrumrnt, Ixnder c�ay givc �:mw�er a Botice ide�tifying the liea. Borrovra shaI!satisfy the lie�o:taYe one�r
<br /> more of the actions set fonh above within 10 days of tbe giving of s�aticc.
<br /> 1— •�E4' Farm 3028 9/90
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