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<br /> --- _ _ TOdE7'HER WITH all lho improvemcnl�now w hercaflcr errcted on the pmprny,rind�II eaw�tnt►tl�.$ppurtenenres.
<br /> -.� - iutd I�ixturc� now on c�rcafter a pwt af Iho property. All rcplarements ond additian� shull�Ixo bo covc�ed by�hiw Securlry
<br /> ; Insuument All of tho Wregoing is rcfermd to in�hix Secu�ity Inswmem as�he"t'roperty."
<br /> '=— BORROWEft COVL�NANT3 tlwt Borrnwcr ia lowfully xciced of Ihc cstate hcrcby cunvcycd and hos�hc dQMt to Qrxnt
<br /> -F wnd convcy tho Pro�y ond�hAt the Property is uncncumbercd,except for encumbrancex of recurd. R(1ffAWC�WOffAflIN MM) _
<br />-��� W�������Bm��y�he titic to the Propeny aQAin�t all claim�nnd dcmonds,subJe:t to any ciicumbrances uf record.
<br />_ THIS SECURITY INSTRUMBNT combinea uniFaan covenants fbr n�tional use and non-uniform covenwnt� wilh
<br /> • limlted variations by judedictioo lo constitute a uniform security inatrument c�vering real propeny.
<br /> - UIYIFORM COVBNANTS. Borrower and Lender covenunt and egree as fallows:
<br /> �—��— 1. Payment at P�Incipal and lateresti Prepayment and Ls�te Chp�ea, Burrowcr shall prompsly pay when due the
<br /> � _ principa!of and interest on the debt evidenced by the Note And any prepayrnent and late charges due under 1he NWe.
<br /> 2. �unds tor'lyuces Aad lnsurance. Subject to applicable law or to a written waiver by Lender,Borrower shall pay to
<br /> ����°i'`^� Lender on the day monthly paymentR are due undcr the Note.until the Note ls paid in full.a sum("Funds") for:(a)yearly
<br /> ;�;�r�l� tsxes and assessments which may attain pdority over this Secudty Inapument es u lien an the Pmperty;(b)yearly leuschold
<br /> '=,�'�'` a ments or u pe y y y y p � y p � y y
<br /> �os �.'.�°_,. ° � Y gro nd rents on the Pro n . if an ; (c) earl hazard or ro rt insurance remiums; d) earl flaod
<br /> e��. nsurancc pr�emiums, if any; (e) yearly mortgage insurance premiums, if any; and(t� any sums payable by Bonower to
<br /> •s._'L�•;';`°'� Lender,in accardance with the rovlsions of ara h 8.in lieu of the a ment of mori a e insurance remiuma. These
<br /> �-�rsa'��•r• P P �P P Y 6 B P
<br /> items une celled"E.gcrow Items." Lender may,at any tim�.collect and hold Funds in an amount not to exceed the maaimum
<br /> �����m �rnount a lender for a federaliy rolated mongpge loan may requine for Horrowerk escrow account under the federal Real
<br /> �� �Y,�,��; Estute Settiement Procedures Act of 1974 as amended from time lo time,12 U.S.C.�2601 et seq.("RESPA"),unless another
<br /> ���.� law that applies to the Funds sets a lesser amount. If so,Lender msy.at any time,callect and hold Funds in an amount not to
<br /> �� exceed the lesser amount. Lender ms estimate the amount af Funds duc on the basis of cutrent data and reusonable
<br /> „•.lz�--:3.-�,-,�- y
<br /> estimates of expenditures af future Escrow Items or otherwise in accordance with applicable Iaw.
<br /> r��":`y����`;;.'���•' The FLnds shall be held in an institutian whose deposits ere insured by a fcderal agency, instrumentaliry, or entity
<br /> • �• •.,.' (including Lender.if L.ender is such an institmion)or fn any Federa!Home Loan Bank. I.endcr shall apply the Funds to pay
<br /> '� �� � � the Escrow Items. Lender me nat char e Borrower for holdin and a I in thc Funds. unnuall anal zln the escrow
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<br /> � ;�,_;,,� ;• account, or vedfying the Escrow Items, unless Lender puys Borrower interest on the Fl�nds and applicable law pertni4c
<br /> � �Q Lender ta make such a charge. However,Lender may require Borrower to pay a one-time cherge for an i�dependent real
<br />-;,°�1 . .. • . . . . estate tax aponing service used by Lender ln wnnection with this loan,unless applicublc law provldes otherwise. Unless an
<br /> "� ' � � agreement is made or applicable law requires interest to be paid,Lender shall not be required to pay Borrower any intcrest or
<br /> _ •:,,, .; ,,��� •,� earnings on the Plmda. Borrower and Lender may ngree in writing,however,that interest shell be paid on the Funds. Lender
<br /> - shaU give to Borrower.without churge,an annual nccounting of the Funds,Rhowing credits and debIts io!he Funds aad ihc
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<br /> ,�,, . ., ,�<' purpose for wbich each debit to the FLnds was made. The Funds are pledged es additional security for all sums secured by
<br /> _�. � � this Securiry Instrument.
<br /> "� � !f the Funds held by Lender exceed the amounts permined to be held by applicable law, Lender shall account to
<br />:>;t� ..�''" ��' ' Borrower for the excess F1mds in accordnnce with the requirements of applicuble law. If the amount of the Punds heid by
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<br />-� '°�• ,��a; � Lender at any tlme is not sufficient to pny the Escrow ltems when due,Lender may so notify Borrower in writing,and, in
<br /> ` ' ° ` such case Borrower shall pay to Lender Ihe amount necessury to make up the detiriency. Borrower shall make up the
<br /> deficiency in no more than twelve monthly payments,at Lender's sole discretion.
<br /> , ,v � Upon payment in full of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower any
<br />`�•� � �' �'� " Ponda held by l.ender. If;under p�rn gru ph 21,Lender shall u c q u i re o r s e l l�h e P r o p e n y,L e n d e r,p r i o r ro t h e u c u f s i t i o n or :"
<br /> �, y;,;�•;, . :;p��� sale of the Property,shall upply any FLnds held by Lender at the time of ecquisition or sule as a credit againy the sums
<br /> •� x� secured by this Securiry Instrument.
<br /> v . .� ' 3. Applkwtion of Paymenls. Unless opplicuble luw provideti o�hcrwisc, ull puyments recefved by Lendcr under
<br /> �,s_`'-•� � ='��� paragraphs 1 and 2 aholl be upplied:fir.r•�,tu uny prepuyment churges due under Ihe Nwe;cecond,to umounts payable under
<br />.:' :�'� '���`'^�"': paragraph 2;third,to interest due;fourth,to principal due;and lus�,�o uny IWte chnrges due unJer the Note.
<br /> �� ' 4. Charges; I,lena. Borrower xhuil pay �►II tuxes, ux�e+smcn4i, churgez, fincc And impositions uttributeble to the
<br /> � 'p�'�a�-�- • Property which may attain prior�ty aver this Sccurity Instrument,und leusehold payments or ground rents,if imy. Borrower
<br /> �}�� ;,�� shal l pay these obligations in the monner provided in parugraph 2,or if not paid in thM mAnner,Botrower shall pay them on
<br /> � time directly to Ihe per�on owed puyment. Borrower shull promptly fumish to Lender all notices of nmounts to be paid under
<br /> • • tFiis paragmph. If Borrower mukes these payments dir+ectly,Borrower shull promptly furnish to Lender receipts evidencing
<br />- �,u; . „�`� ,� the a _
<br /> - p ymenls.
<br /> . . � Borrower shall promptly dischurge uny lien which hus priority over this Secur�ty Instrument unless Borrower:(a)ugrees
<br />-• , ��� in writing to the payment of thc obligution,ecured by thc lien in�manner acceptable to Lender,(b>contests in goad faith the
<br /> '� tien by.or defends ugainst enforcement uf the lien in,Ic al roccedin �which in the l.ender's•opinion opernte to prevent the
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<br />'_� ���� .. enforcement of the lien;or(c)secures from�he holJer af the lien un ngreement satisfncrory to Lender subordinating the lien
<br />=}'-�, ...:�,,. .. '•' . to this Security Inswment. If Lender determines that nn y pnn of the P ro p erty is subject to u l ien which mny nttain priority
<br /> ,i. `,.: • over this Security Instrument,Lender may give Borrower n noticc idcnlifying the lien. Borrower shull satisfy the lien or tuke
<br /> ' �';'-� • � one or mor�e of the nctions set forth nbove within 10 days of the giving nf notice.
<br /> ��+y ' � • 5. HAZard or Property Insurance. Borrower shull kecp thc improvements now existing or hem�fter crected on the
<br /> '" Property insured agninst loss by�re,hazurds included wilhin the temi"exlended covcrage"ond any other ha2ards,including
<br /> � �...
<br /> floods or tlooding. for which Lender requims insurnnce. This insurunre shull be muintaincd in the nmounts and for the '
<br /> ,.
<br /> - Form JY28 9/90 I/wuP 2 ul�/�+Resl
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