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<br /> - --- TO(3�7'HER W['1'FI all the improvements tww ar he�eafter er+ected on the property.and nU casementa,oppurtenancca,
<br /> and I�xpura now cx hereAftar a part of the pmperty. All replecemcnls and additions shell al�o bo covercd by this Security
<br /> -- _ _ insuume�t. All of the foregoing is aferred to in this 3ecurity Insaument as the"Property"
<br /> 80RROWER COVBNANTS thst BoROwcr ia lawfully seiced of thc esu+te hercby comeyed and has thc ri�ht to grant
<br /> — and convcy Iho Property end that tho Property is uncncumbercd,eacept fnr encumbrnnces of record. Harrower warnnt�and
<br />�" ^ � w�ll defend gonetally the title to the Propa�ty og�inat all claim�and demands,eubject to any encumbrances of record.
<br /> `�� THIS SECURITY INSTRUMBNT combines uniform covcnanta for nudonnl usc and non-unifonn wvrnants with ,
<br /> � Umited varlations by jurisdiction to conxtltule a uniform security instrumcnt covcring real property.
<br /> — UNIFORM COVENANTS. Borrower and Lender covenant and a�ee as follows:
<br /> — 1. Payment ot PrindpAl and Iaterest;PrepAqment and Late Chtu�ew Borrower shAll promptly pay when due the
<br /> principa1 of arid interest on thc debt evidenced by the Note and any prepayment end late charges duc under the Notc.
<br /> �� Z. FLndc tor 71�uces and insuraace. Subjxt to applicable law or to a written waiver by l.ender,Borrower shall pay to
<br /> Lender on the day manihly paymenis are due under 1he Note,until the Note is paid in full,a sum("Funds")for.(u)yearly
<br /> uuces and asseacmenta which may attain priority over this Security Insdvment as a lien an the Propeny;(b)yearly leasehold
<br /> ����"-"°� payments or ground renta on the Property. if any; (c) yearly hazurd or property insurance premiums: (d) yearly flood
<br /> - - insurnnce premiums, !f any; (e) ycarly mortgage insurance premiuma, if any;and(� any sums payable by Botrower to
<br /> l..ender,in accordance with ihe p�visions of parngraph 8.in lieu of the payment of mottgage insurance premiums. These
<br /> �� items are calied"F.scrow ltems." I.ender may,at any time.collect and hold Pwnds in an amount not to exceed the ma�cimum
<br /> .���yx�� amount a lender for a federatly rolated mortgage loan may requine for Borrower's escrow account under thc: iederal Real
<br /> Esuue Settlement Pmcedures Act of 1974 as emended from dme to time.12 U.S.C.§2601 et seq.("RESPA"),unless another
<br /> law thet appfies to the FUnds seta a lesser amounG If so.I.ender may.at any time,coltect and hold Funds in an amount not to
<br /> — excced thc Icsscr nmount. Lender muy esUmate the amount of Funds due on the basis of •un •nt data ind rea��+nahie
<br /> �z`2"r',��-�--`=�`� estimates of expenditures of futut+e Escrow Items or otherwlse in accordance with applicable law. __
<br /> ° F�•:•�,, ' The Pbnds shell be held in an institudon whose deposits ace insured by a federal agency, instrumentaliry. or eneiry
<br /> ��~����� .� (including I.ender,iF Lender is such an institutlon)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay
<br /> '"""'�' `� ' the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow
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<br /> ,,. account, or verifying the Escrow llems, unless Lender pays Borrawer interest an the Funds and applicable lew permits
<br /> —' �.:n,,s,4i,.:1►;,:, Lender to make such a charge. However,L.ender may require Borrower to pay a one-time charge for an independent real v-
<br /> —� :�:;,,�:y•• • � ; �Y estate tuz reporting service used by Lender in connection with this loan.unless appliceblc Isw prov�des otherwise. Unless an
<br /> — ;����•�. � � agrcement is made or applicable taw requirea interest to be pald,Lender shall not be requtred to pay Borrower any interest or
<br /> --�`�: ,,;,, °;�::;*�•',; y earnings on the Funds. Borrower and Lender may agree in writing.however,that intenest shall be paid on the Funds. l.ender
<br /> -�'r� °�:. shall give to Borrower,without charge,an annual accounting of the Punds,showing credits and debits to the Funds and thc
<br /> ',,. ,� ' `. .,. purpose for which eacb debit to the FUnds was made. The Funds ere pledged as additional secudty for all sums secured by
<br /> .,� +"'."� • �. •:. � this Securi Instrument.
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<br /> !-r,:,:..,—,,,——_ _--.;° if�he Funds heid by Ixncier exce«i fhc wuuw�in �r+iiitie�i io be ltcld by applicable ls�e, Lender sha!!account to
<br /> 6i'rL:•, .�_ �'�•-��� Borrower for the excess Funds in accordance with the requirements of applicable law. If the Amount of the Funds held by
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<br /> Lender at an y time is not sufficient to pa y the Bscrow Items when due,l.ender may so notify Borrower in wri�ing,and,in
<br /> � such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shAll make up �he
<br /> .,'� _ , deflciency in no more thnn twelve monthly pnyments,at Lender?c sole discretion.
<br /> � � Upon payment in full of all sums secured by this Security Instrument,Lender shail promptly refund to Horrower su�y
<br /> � � Funds held by Lender. If,under parngraph 21,Lender shall acquire or scll the Property,Lender,prior to the acquisition ar
<br />:��:.,:.��«.r�y•„ ' sule of the Property, shall apply any Fi�nds held by I.ender at the time of acquisition or sale as A credit against the sums
<br /> � .{ • "� secured by this Security Inswment.
<br /> 3. Applicatbn of Pnymenls. Unless applicuble luw provides otherwise, all payments received by Lender under
<br /> — paragraphs 1 und 2 shall be applied:firat,to any prepayment churges due under the Note;second,to amounts payuble under
<br />-_ ��� parAgraph 2;third,to interest due;founh,to principnl due;And last,to any late charges due under ihe Note.
<br /> _ • ,�,� ,_, . '. 4. Charges; Liens. Borrower shall pay all taxes,ugsessments, churges, fines und imposipons uttribulable to the
<br /> �.�Y.�=• p��ny which may uttein priority uver this Secvrity Instrument,nnd leasehold puyments or ground rents,if any. Borrower
<br /> �'�,:�i:: ,.'��� shall pay these obligations in die manner provided in paragrnph 2,or if not pnid in thet mnnner,Borrower shell pay them on
<br /> _ ' .�,s time directly to the person owed payment. Bon•ower shull promptly fumish to Lender all notices of umounts to be puid under
<br /> — ° •���. . this paragruph. If Borrower makes these payments dircctly,Borrower shall promptly fumi�h to Lender receipts evidencing
<br /> ,y;:: ' thc poyments.
<br /> '� :u;,;,,,, Borrowcr shall pmmptly dischargc any lien which has pdority over�his Securiry Instrument unlesx BoRawee(a)ugrees
<br /> _•� .. ;�,: . - .. in writing to Ihe payment of the obligAtion secured by the lien in a manncr acceptable to Lender,(b)contests in good faith the _._
<br /> '�• ,,,,�,4,., : � lien by,or defends ogainat enforcement of the licn in,legal proceedings which in the Lender's opinion operate to prevent the �,�_
<br /> '"'' "' enforcement of thc lien;or(c)secures from the holder of the lien an ngreement satisfac[ory to Lender subordinuting the lien
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<br /> , to this Security Inswment If Lender determines that nny part of the Rvperty is subject to n lien which may uttnin prforiry �'•_�s!
<br /> �';�'�� �� over this Security Inswment,Lender muy give Borrower a notice identifying the lien. Borrower shull satisfy the lien or take
<br /> =��•�;� one or more of the actions set fonh abovc within 10 days of�he giving of notice.
<br /> �' S. Ha�rd or Property InsurAnce. Borrower shull keep the improvements now cxis�ing or hereufler erected on the
<br /> — a'�� • � � -s �� Property insured ugainst loss by fire,hazurds included within the tertn"extended coveruge"�nd�ny other hazzards,including —_
<br /> ° floods or flooding,for which Lender reyuires insurunce. This insurance shall be mnintained in the nmaunts and for the �.,,
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<br />° �~ Form 302tl 9/90 (paRr 2 aJ6/wRetl � _
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