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<br /> � 92-- 1oesuo _
<br /> 7'O(3ETHER WITH all the impravement�naw or hereafter erated on the property,u�d WI casements,appurtenanceR,arod
<br /> fiaturea now or her+e�Rer o psu�t af thc property. AU replaccmeme� und addiUons shall �I�o be covered by thla SeCUrfty
<br /> Instrumcnt.All of the foregoing is roferred to in ihis 5ecuriry instrumern ua thc"Pru�rty." -
<br /> '.^"� BORROWER COVENANTS that 8orrower ix lawfully seised of the exwte hereby canveyed and hax the right to grent and
<br /> convey the Property and that the Property is unencumbered, eacept for encumbrunc�s oP record. Borrower worrant� and will
<br /> _=� - defend generally the tide ta the Praperty�guinat all claim�and demanda,subject to any encumbranceg of record.
<br /> _�'_---i� THtS SECURITY INSTRUM6NT cambi�u.w uniform covenants fur netiuntil use u��d non-unifbrm covet�wuY with limital -
<br /> vtuftuions by juricdiction to conatitute a unifortn sa.�uriry instrument covering real property.
<br /> �;;; UNIFOItM COV�NANTS.Barrower und Lender covenant und agree as follows;
<br /> . l. Payment o� PrincipAl And Interest; Prepayment And late Charges. Borrower shall pramptly pay when due the,
<br /> :��� principal of and interest on the debt evidenced by the Note and any prepayment and la�e charges due under the Nae.
<br /> ��'°',_.�'r`'"s^�'''�.,� 2. Funds�or Tazes and lnsuronce. Subject to appiicsble law or to a written waiver by l.ender. Borrower shall pay w
<br /> '"'�°°'�` L.ender on the day monthly payments are due under the Note,un1i1 the Natc ia puld in full,a sum('Funds")for:{a)ycurly taxes
<br /> �`��`"`�'� and assessments which may aitain prlority over this Security Instrument ac a lien on the Property;(b)yearly Ieasehold payments
<br /> .J [--
<br /> ��•-_;;�;,,, .�� or ground rents on the Propeny,if any;(c),yearly haznnd or properry insurance premiums;(d)yeatly flood insurance premiums,
<br /> �"��• �'���-� if any;(e)yearly mongage insurance premiums. if any; and(�uny sums payable by Barrower to Lxnder, in accorda�nce with
<br /> �.,�r��.,. ,f—
<br /> - �„� , ,,� the provisions of paragrnph 8,in lieu of the payment af mort�age insurnnce premiumR. These items ure called "Escrow Itemc."
<br /> Y�,,• L.cnder may, at any time, collect and hnld Funds i� an amount not to exceed the maximum amount a lender for a federally
<br /> '"i �C'1;';'�':y__,• related mortgage loan may require for Borcower's e.ecrow accaunt under the federal Real Estute Settlement Pracedures Act of
<br /> � ::�-���: �_� .�� 1974 es cunendecl from time to time, t2 U.S.C. Section 2601 et seg. ("RESPA"), unle,s unother IAw that applies m the Funds
<br /> r�` �' � "` ` '" sets a lesscr amount. If so, I.ender may, at any time,collect and hald Funds in un amount not to excc�ed the lesser amount.
<br /> ,�'�"'�� � " i.ender may estimnte the amount of Funds due on ihc ba.gis of cuRCnt data and reasonable estimates of expenditurc� of future
<br />..y ii�.�",�h_�_ti'::,:,�_ll.4.'.'
<br />,���i ,-.. ,�� F,serow Items or otherwise in accordance with Applicable law.
<br /> _— ,�;�l�w. - , . ,; Thc Funds shull be held in an institution whose deposits are insured by n federal ugency, instrumcntelity, or entity
<br /> o �..," •b�,+v.' (including Lender,if Lender is such nn institution)or in any Federal Home Loan Bank. Lender shull apply the Funds to pay the
<br /> �Y „. x � Bscrow Items. Lender may not churge Boirower for holding und upplying the Funds,unnually unalyzing the escrow accounl, or
<br /> � �� . . verifying the Escrow ltems,unless Lender puys Bormwer interest on the Fwxis and appiicuble law permits Lender to mnke such
<br /> ;_ `'_ a char e. However,l.ender ma re u�re eorrower to a a one-time cher e for un inde ndent real estate tax re rtin cervice
<br /> 8 Y 9 � P Y � Pe P� 8•
<br /> .-� �'�i0�`''`• �� -�+,' uscd by l.ender in connection with this loan, unlcss applicable law provides othcrwise. Unless an Ugrcement is made or
<br /> ��,�,�� applicable law requires interest to be puid, i.ender shull not he required to pay Borrower any interest or earnings on the Funds.
<br /> borrower and l.ender may agree m writing, however,that interest shall be paid an the Funds. I.ender shull give to�3orrower,
<br /> -� � without churge, nn unnual accounting of the Funds, showing credits and debits�o the Funds und thc purpose for which each
<br /> _',� � • debit to the Funds was made.The Funds arc pledged a.s additional security for ull sums secured by this Secu�ity Instrument.
<br />•_.:'"�� ��-•� • • If the Fundx held by l.ender exceed the amaunts perrnittecl ta be held by upplicable luw,l.cndcr shnll account to Borrower
<br /> .:� for the excess Funds in accorJance with�hc requirements of�pplicuble law. If the umount of the Funds held by C.ender At any
<br /> time is nat sufficient to puy the Escrow I�ems when duc,Lender may sn notify Borrower in writing, and. in such csuc&irrower
<br />-r'��� shall a to Lcnder the umount nec .s to 0
<br /> . . p y es ary muke up�he deficiency. Borrower shall make up the defic�ency m no m re than
<br /> �`� ;._..r:.;:,,;:,�•'.�a twelvc monthly payntenis,at L.ender's sole discretion.
<br /> - Upon payment in full �if all sums ser.urcd by this Sccurity Intitrument, Lender shall promptly refuncl to Barrower any
<br /> ���� . .•_.
<br /> � , Funds held by Lender. If,under purugraph 21,Lender shUll urquirc or scll the Propr;ny, l.ender,priar to the ucquisition or sale
<br />,'y�� •�'"�.r�' uf tl�e Pro}�rty, sliall apply any Fwuls held by Leixler ut the time of ucyuisition or sule us a credit against the sums secured by
<br /> ,;rs�6� ,, tl�is Securiry Instrument.
<br /> _ . . ' 3.Applicatian of PAyments. Unlesti Applicable luw pmvides�nhcrwisc,all p�ynx:nts reccivui by L.ender unJcr paragruphs -
<br /> ' 1 and 2 shall be applied: first,to uny prepaymcnt rhurges due under the Nute; u��mJ, tu amounts puyable under p;�t�grnph 2;
<br />�`.s "�� thi�d.to interest due; faurth,to principul Jue;nnd lust,to uny lure churgcs due undcr thc Notc.
<br />_� 4'��.';::.'�.-.i,
<br />__ , . i: 4.Clwrges: Liens. &�rmwcr shall pay all taxrs,utiscssments,charges, tinex and impositions attributablc ro the Property
<br />:�� ' ' . . which mAy attuin priority ovcr thiti Security Imtrumcnt, and Ieasehold paymcnt.ar grounJ rents, if any. &irrower shull pay
<br /> s� these nbligations in the manner provided in purugraph 2,or if not paid in that munncr,Borrowrr shull pay them on time direcUy
<br /> • � to the person owed payment. Borwwer shall pmmptly furni+h w l.endcr�II noticex uf�mounls to be paid under thix purugraph.
<br /> - ' ;�-.•:• If&irrower makes Ihese puyments dirertly, &�rrciwcr�hull promptly furni,h to l.cndcr r��cipt,cvidcncing thr payment�.
<br /> "•`� :. ��, . Borrnwer shall pmmptly dischargr uny lien whirh hu,pri��riry uvrr this Sccurity Im�runkn�unlesti &irrower. (al agrre�in
<br /> ' ' � �,;. w�r; �• writing to the payment of thr oblig��iun xtiur��l My Ute licn in u munncr ucceptahlc tu l.rndrr:(h)rome�t�in g.wJ faith Ihc lien
<br /> , ���- ' � by, or dcfcnds ugtunst enforcctnent ��t'thc licn in. Icgul pr�x�w�ling, which in thc LriKier'� upinion operale t�. prcvent thc _
<br /> '"�� � enfi►rcemcnt of thc lien:or lr)ticcures I�rum thc h��IJcr ol'Ihe lien an agrcemcnt .:ui�fartury to lAndcr�uFxirdina�ing 1he lien �o
<br /> , • ' tNis Serurily Imtrument. II'L.enJer detrrmine�Ihut uny p.�n ai'Ihc Pru�xrty i� u�hjrrl ta u licn whirh muy uttuin pri�►rit�� aver .
<br /> . , .
<br /> .. ., . this Sccuriry In,trumcnt. l.a�dcr may givc Rorruwrr a nutirc iJcntil'}•in�thc licn. H��ru�wcr,hall ,uti�l'y thc lirn��r tvkc unc��r -
<br /> more of the uctions set forth above within IQ duy.nf the gi�•in�at'iH�tice.
<br /> � �
<br /> Fam 3028 9/90
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