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<br /> ^ TUUE'fHER WITFI uli Ihe improvements now or hercufter erected on the propeny,suid all easements,appurtensinces,
<br /> and tixtures now or hereafter a purt of the property. All rcplacements And additions shell alco be covered by this 3ecudty
<br /> In�ttument. All of the foregoing js rcferred to iu thie Securiry Instrument as the"Property."
<br /> �' �'d�'- . BQRROWER COVENANTS that Borrower ia lawfully seised of thc estate hereby conveyed�nd hax the�ight to grunt
<br /> ' .� '���y''�'"�'< " and convey the Property and thet the Property is unencum6ered,excep!for encumbrances of record. Borrower wamnts and
<br /> . i_Y, ii�,.� will defend generaliy tho tiQe w the Property against all cluima and demnnds,subject to uny encumbrnnces of record.
<br /> .���, THIS SBCURITY INSTRUMENT combines uniform covenants for national use und non-uniform covenants with �_
<br /> ��,.,�ha4SAAy, limited variations by judsdiction to wnstitute a uniform secu�ity inswment covering mal propi;rty.
<br /> :* • �� ���� `~ UNIFORM COVENANTS. Borrower and Lender covennnt ond s�gree as follows:
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<br /> �-�.-�-���,-.-�-. ,:•r�•, 1. Pnyment ot Principal Aad Interest; Prepayment and Late Cb��es. Bortower shall prompUy pay when due e
<br /> � principal of and interest on the debt evldenced by the Note and any prepayment end late charges due under the Note.
<br /> � ' ''m 2. Fiundc tor 7L�ces wnd InsurAnce. SubJect to applicable law or to a written wniver by Lender,Borrower shall pay to
<br /> �',NF:.t., I��y�� . �-
<br /> _ ,.d, _ .. . L.ender on the day monthly payments are due under the Note,undl the Note is paid in full.n sum("Funds")for: (a)yearly _
<br /> ���_>�� - taues and essessments which may nttain priodty over this Secu�ity I�strument as a lien on the Property;(b)yeariy leasehald
<br /> ���'.,' �� ;,;�; paymente or ground rents on the Property, if any: (c) yearly hazard or property insurunce premiums; (d) yearly flood
<br /> fi��Wa
<br /> ---��,ii3nf;a1N:ei•^i���?• insurance premiums. if any; (e) yearly mongage insurance premiums, tf any; and (�any sums payuble by Borrower to
<br /> ' n' Lender.in accordence with the provisiana of paragraph 8.in lieu of the payment of mongage insurance premiums. These
<br />—' ` � " items are called"Escrow Iterns.' L.ender may,at any time,collect and hold Funds in an amount not to exceed the maximum
<br /> ���'°�t'`'�"`.`�.. amount a lender tor a federally related mortgage loam m�y require for Borrower's escrow accaunt under the federal Real
<br /> ' ' � Estate Sealement Pracedures Act of 1974 es amended from time ro time, 12 U.S.C.�2601 et,seq.("RESAA"),unless another _ _
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<br /> - - _�„�,;;,,�.�•-,:...:,.a• law that applics to thc f�Lnds seta u lesser amount. !f so,Lender may,at any tfine,collect and hold Funds in an amaunt not to __
<br /> -- ° exceed �he lesser amount. l.ender may estimete the amaunt of Fur�ds due on the basis of current data and reasonable
<br /> �,� �r;�-:•.,":;n.,.';� estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law.
<br /> ' '• The Funds shall he held in an institution whase deposits are insured by a federul agency, instrumentality,or entity
<br /> d'""""" ' (including l.ender,if I.ender is auch an institut�on)or in uny Federal Home LaAn Ban�. Lender shall apply the Fl�nds to pay
<br /> ..�� ' �. the Escrow Items. Lender ma y not chsu ge Borrower for holding and applying ihe Funds,annually analyzing the escrow —_
<br /> - � account,or verifying the Escrow Items, unless Lender pays Bartower interest on the Funds and applicable law permits ��
<br /> _ �`' • Lender to make such A charge. However,l.ender may require BoROwer to pay a one-time charge for tin Independent real
<br /> `;''� '� �.: estate taa reporting service used by Lender in connection wlth this loan,unless applicable law provides otherwise. Unless nn
<br /> _�_,_�, ,, _ ,.. agreement is made or applicable law requires intercst to be paid,Lender shall not be required lo pay Borrower any interest or _,,
<br /> , � earnings on the Funds. Botrower and Lender mny agree in wrfting,however,that interesl shall be paid on the Funds. Lender
<br /> -�s' J ,� � ` shall give to Borrower,without charge.an annual accounting of the Funds,showing credits and debits to the Funds and the —
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<br /> ____ _k;•I'�,i;,�;t�,;;=;.��:�; pu�pose for which euch debit to the Funds was made. The Funds are pledged as additional security for all sums secured by __
<br /> _:- __" __- this 5ecurity inswment. —
<br /> If t6e Funds held by L.ender exceed the amounts permitted to be held by applicable law, Lender shall uccount ta =_-
<br /> �''��'' Borrower for the excess Fbnds in accorcinnce with Ihe requirements of applicable law. If the amount of the Flrnds held by
<br /> -- '.��- Lender at any time is aot sufficient to puy the Escrow Itemx when due.Lender may so notify Borrower in writing,and,in �:�,.
<br /> " such case Botrower shull pay to Lender thc amount necessury to malce up the deficiency. Borrower shall make up the
<br /> ��'�3 �"� � deficiency in no more than twelve mor�thly puyments,ut Lender's sole discretion.
<br /> -` '`�� ' Upon puyment in full of all sums secured by this Security Instrument,Lender shull promptly refund to Horrower any -_
<br /> - „ , Funds hold by Lender. If,under pamgraph 2l.Lender shAll acquire or sell the Property,Lender,prior to the acquisition or -
<br />_,•; _ .. sale of the Properry. shnll apply Any Funds held by Lender at the time of acyuisition or sale as a credit against the sums
<br />_- . secured by this Security Inswment. -` -
<br /> � , ;,-• 3. Application of Pwyments. Unless applicable Inw provides otherwise, uli payments received by Lender undcr °__
<br />----- _�, _ ' paragrnphs 1 and 2 shall be applied:first,to any prepAyment churges due under the Note;second,to amounts pnyable under
<br /> _ � • , psuagrt►ph 2;Ihird,to interest due:founh,tu principal due;smd last,to uny Inte churges due under the Note.
<br /> ,�,.` . ; 4. Charges; I.iena. Borrower shall pay all taxes, assessments, chnrges, fines nnd impositions attribuwble to the ___
<br /> • � Property which may attain priority over this Security Instrument,und leusehold paymen�s or ground rents,if nny. Borrower
<br /> • ���- • shsill pay thesc obligutiuns in the munner provided in parngmph 2,or if not puid in th�t munner,Borrower shall pay�hem on �-
<br />_ • time direcdy to the person owed payment. Borrower shall prompNy furnish to Lender alt notices of amounts to be puid under ��
<br /> _ t•�-� this paragraph. If Borrower makes these pnyments direcNy,Borrower shall prompUy fumish ro Lender receip�s evidencing �•��-
<br /> • , the payments.
<br /> Borrower sh�ll promptly dischurge nny lien which has priority over this Security Instrument unless Borrower:(u)Agrees _
<br />_ ° in writing to the payment of the obligntion secured by the lieo in u munner ucceptAble to Lender,(b)contests in good faith the =--
<br /> .- ��-."�`- lien by.or defends ugsunsl enforcement of the lien in,legul proceedings which in the Leixler s opinion opernte to prevent the ���
<br /> ,' • �•. „ enforcement of the lien;or(c)secures from the holder of the lien un ugrerment satisfactory to Lender subordinating the lien
<br /> . to this Security Insdvment. If Lender determines thut any part of 1he Pwperty is subject to a lien which may nttain priority
<br /> ,, over this Security Instrument,Lender muy give Borr�wer a notice identifying the lien. Borcower shnll satisfy the lien or tuke
<br /> �� ��� one or more of the uctions set forth above within 10 Jnys of Ihe giving of no�ice. _
<br /> . 5. H�zard or Property Insurance. Burruwer shall kccp thc improvements now cxisting or hercufter erccted on the r--�
<br /> Property insured against loss by fire,haz:�rds included within the tcrm"extended coverugc" arni uny other hazards,including �;�,
<br /> ±-- " floads or tlooding, for which Lender requires insurance. This insurunce shnll be mnintuined in the amounts and for the
<br /> � Form J028 9/90 1/wxe 2 ojA�ges!
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