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<br /> = TO(3EI'HER WI'['H ell the Impmvements now or herrafter orccted an the proportY�and wll eascments,eppurtenanccs.
<br /> ` and fixtures now or hereatter a paR of the property. All replacements and additiona shall also be coveKd by thia 5ocuriry
<br /> -``�• _ inwrumrnt. All of thc fongoing ie referred to in this Security Tnstrument as the"Property."
<br /> '' BORROWBR COVENAN7'S that Borrower is lawfully seised of�he estatc hereby conveyed and has ihe right to grant
<br /> -- ---- and eomey the Property and�hat�he P'ropetty is unencumbered.except for encumbrnnces of record. Borrower werront�and
<br /> will defond generally the tlde to Ihe Property Agninat All claims and dernends,subJect to any encumbrances of n.�cord.
<br /> _{s� TMS SECURITY WSTRUMIENT combinea uniform covenanu for naAonal use and non•uniform covenam� with "
<br /> H limited varladons by jurisdiction to constitute a uniform aecudry insdument covering reAI propeny.
<br /> UNIFOltM COVENANTS. Borrower and Lender covenant and agree as fdlowa:
<br /> l. Paymeat of PrincipA!md Iateresti Prepsyment And Lpte CharQea Borrower ahall promptly pay when due the
<br /> _ _ principal of and interest an the debt evidenced by the Note and any prepayment and lote chergea due under the Note.
<br /> ' 2. �ads tor 7�xes 4ad Ip�urpnce. Subject ta applicable law ar to a w�ftten wuiver by Lender.Borrower ahnll pay lo
<br /> ---- �f ,, ` Lender on the day monthly payments Ar+e due under the Notc,undl the Note is paid ln full,a gum("Funds")for:(u)yearly
<br /> � �==_��"�� taxes and essessments which may attain prioriry over this Security Instrument as a lien an the Praperty;(b)yearly leasehold
<br /> ��-:•• a men�s or und renu an the Pro if an , (c)yearl hezard or r insurance remiums: (d) yearly tlaod
<br /> --- ._--_:.�:�.� P Y ST'o PenY. Y' Y P�t'�Y P
<br /> ��-,�a.:;.,�,,;,,,�.� ineurance premiums, if any: (e)yearly mongage insurance premiums, if any;and(�any sums payable by Bornawer to
<br /> -°"�-- Lender,in accordence wilh the provisions of paragraph 8, in lieu of the payment of martgege insurnnce p�emiums. These
<br /> - �h'y�`�-— items are called"Escrow Items." Lender may,at any time.collect and hold Funds In an amount not to exceed the maximum
<br /> �o��;;y;;_� amount a lender far a federally related mottgage loan may require for Barower s escrow account under 1he federal Real
<br /> -T•- r :
<br /> m=_��,_��_,_�,;r� Bstate Settlement Procedu�s Act of 1974 us amended from time to tirne, 12 U.S.C.$2601 et seq.("RESPA"),utdess another
<br /> � � ��"='����°:'"�. . ` law that applies to the Funds sets a lesser amount. If so,Lender may, at any time,coltecl und hold Funds in an amount not to -
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<br /> ..�_�,��-�;y-•��•`:�, � exceed the lesser amount. Lender msy estimate th� amount of Funds due an the basis of curtent data and reasanable
<br /> ,;:'�. ��:.,�,;;;�;�.y :;• "':' I esdmates of expenditures of future Escrow Items or othenvise in accordutce with applicable Iaw.
<br />_ .,,_�,;,,,,;, The Funds shull be held in an institudon whose depasits are in�ured by a federal agency,instrumentality, or entity c
<br /> '"} ����;a�=.;" ' (including Lender,if Lender is such an inatitution)or in any Federal I-lame Lonn Bank. Lender shall apply the Punds to pay
<br /> ""�`}`� '�� � the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually nnalyzing the escrow
<br /> -� ,,.,;�;,,;�" t�:; ' account,or verifying the Escrow Items, unless Lender pays Borrowa lnterest on tha Funds and applicable law permits
<br /> :, - ;.�,;�' ' • Lender to meke auch u charge. However, l.ender muy require Borrower to pay a one-time charge for an independent real
<br /> '•� �"�'hx`. estate tax reporting service used by Lender In connection with this ban,unless npplicable law provides otherwise. Unless an
<br /> '�'. '� agreement is made or app8cable law requires interest to be paid.Lender shall not be required to pay Borrower any interest or
<br /> ��_:::. .�. . ;•, .; .,
<br /> , ;:,;..� ; �•� • ••� � eamings on the Funds. Horrower and I.ender may agree in writing,however,that interest shall be paid on the Funds. Lender
<br /> shall give to Borrower, without charge,an annual accounting of the Wnds,showing credits and deblts to the Funds and the
<br /> ���:.�;s�►�.�:� pwpose for which each debit to the FUnds was made. The FLnds are pledged as additional securiry for all sums secured by
<br /> .-=- - ~�'��'"�'-:, ' ;'�`� tbis Security Inswment. _
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<br /> . ��,;,,,�,....:,._;: .� If the fi�nds held by Lender exceed the amounts permitted to be held by applicable law, Lender shnll uccount to
<br />?�-� Horrower for the excess Funds in accordnnce with the requirements of applicable law. If the stmount of the Funds held by
<br /> � ' Lender at any time is not sufticient to pay the Escrow ltems when due, l.ender may so notify Borrower in writing.and,in
<br />�� ` �"'�"""""' such case Bomower shall a to Lender the amaunt necess to rnoke u the deficienc . Bomower shall make u the
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<br />_ ����.-,�^�:.Y deficiencyinnomorethantwelvemonthlypaymenis,atLender'ssolediscre�ion. �
<br />_ . Upon puyment in full of all sums secured by this Security Instrument,Lender shall promptly refund to BoROwer uny
<br /> ""`-' "-.�_h��r.', Funds held by Lender. If,under paragraph 21,Lender shnll acquire or sell the Praperty,Lender,prior to the acquisition or �; .
<br /> :r-� - •:��`-"� . sale of the Property,shall npply uny Flinds held by Lender at the time of acquisition or sale as a credit against the sums __.
<br /> : +k• '% securedby this Security Instrument.
<br /> �" � 3. Applicatlon of Pt�yments. Unless s�pplicable Inw provides otherwise. all puyments received by Lender under �_
<br /> , � ., puragraphs I and 2 shnll be applied: first,to uny prepayment charges due under the Note;second,to amounts payable under _
<br /> .<<:,;`s paragrnph 2;third,to interest due•,fourth,to principal due;and la�t,to any late charges due under the Note.
<br /> '•,; � ' �� 4. C6uges; Llena� Borrower shall pay pll taxes. assessmenis, churges, fines nnd impositions attribuluble to the
<br /> � "1°"''- " properry which may attnin prfority over this Securiry Instrument.and lensehold payments or ground renis,if any. Borrower --
<br /> :�"�'' ''•.;.�s. shall pay these obligutions in the manner provided in puragreph 2,or if not paid in that manner, Borrower shall pay them on
<br /> j �, � . � tlme directly to the persan owed payrnent. Borrower shnll prompdy fumish to Lender all notices af amaunts to be paid under -
<br /> ' d this pa�agraph. If Bomower makes these payments directly,Borrower sh�ll promptly fumish to Lender receipts evidencing
<br /> . the payments. --
<br /> � .. Borrower shall promptly discharge any lien which hns priority over this Securiry Instrument unless Borrower:(a)agrees
<br />�,,, .. , , in writing to the payment of the obligation secured by the lien in u manner ucceptable to Lender,(b)contests in good faith the ...
<br />� '•� � • � lien by,or defends against enforcement of the licn in,Icgnl proccedings which in the Lender's opinion operate to prevent�he �
<br /> � � �� � • enforcement of the litn;or(c) secures from�he holder of the lisn un a6recmenl sntisfuctory to Lender subordinating the lien -�
<br /> . ° to this Security Instn�ment. If Lender determines that uny part of the Property is subject to u lien which muy attein priority _
<br /> . •� � over this Security lnsdument,Lender may give Borrower A notice iden�ifying the lien. Borrower shall satisfy the lien or take =°
<br /> --a���� a one or more of thc Actions set forth abovc wi�hin 10 days of the�iving of notice. -
<br /> � 5. Hazard or Prope�ty Insurance. Borrowcr shall keep�hc improvements now existinb or hereafter erected on thc �-
<br /> - ° Propeny insured against loss by firc.huznrds�ncluded withm the�ertn"cxtcndcd coveruge"u►xi uny utfier hsuurd�,including I
<br /> %-" ;.-•. � � .. floods ar flooding, for which I.ender requires insurance. This insurance shull tx inuintuined in the umounts and for the
<br /> �- Form J02ti 9/90 I/wge 2 uj n puXrsl i.
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