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<br /> : � � � �92_so�►oss
<br /> TOCiEPHER WITH all the improvemcnts now or her+eafter crccted on the property.and all easemenls, appurunances.
<br /> - ond lixturca now or hereafter a part of tho property. All replacements nnd addltlans shail alco bo covcred by thlr Security
<br /> Inruument. All of the faregoing is rcferred to in thiR Secudty Instrument Aa�he"Property."
<br /> ' y'•' ' BORROW�R COVENANTS tiat Sorrower is Iswfully seiced af Ihc estatc hereby rnnveyed and hus�hc dght to grant
<br /> and convey the I'roperty end that the Properry is unencumbercd,except for encumbrancea of recard. Borrower wamn�and
<br /> - -'-- - .° �=_� _ • will dePend gcner�lly tiw title W the F'ruperty�gainc;t all cl�imr und ckmands,iubJcct to any encumbrances of record.
<br /> � THIS SECURlTY INSTRUMENT combines unifortn covenanta fot national use and non•uniform covenwnt� with
<br /> . ;v� limited vazlatians by judsdiclion to constftutc e unifortn securfty inatrument covering rcel propeny.
<br /> ��r ,� �. UNIFORM COVBNANTS. Borrower and Lender covenant und ag�ce as foliows:
<br /> r�-°-,b�°�'-�F r l. PAyment oi Pirincipnl And Intereati Prepwymant And Lpte Chw�ea Borrower shall pmmptly pay when due the
<br /> ' ' �' princlpa1 of and interc5t on the debt evidenced by the Note and sny prepayment nnd late charges due under 1he Note.
<br /> - ��„.�s::,,.•:.:;,,�;-
<br /> _ _ � �. Runds for'Ihxes pnd Insurance. SubJect to applicable law or to a wrilten waiver by Lender,Borrower shnll pay to
<br /> �r�^�: '�;•�,
<br /> -��r,r :„"�#��C.,.; ,„ l.ender an the day monlhly payments ure duc under�i►e Note,until tho Note !s paid in full,a sum("Flmds")for:(a)yearly
<br /> ;�'k`,r�: ;.. �c;• tanes and assessmenta which m�y atwin priorlty over thie Security Inapument es u lien on the PropeRy;(b)ycnrly leasehold
<br /> ' ```'�'' payments or ground rents on the Property, if any; (c) yesuly hazaed ar property insurance prcmiums; (d)yearly flood
<br /> ����`:`�.'''�'.` if if�n ,and(�an suma a able b Bormwer to
<br /> „ .,��;. .;:�.*' insurnnce premiuma. any; (e) yearly mortgage insurance premiums, y� y p y y
<br /> Y t �'�' Lender,in accordence wlth the provisions of puragraph 8, in lieu of the puyment of mongage insurance premiums. These
<br /> '�4'�;L��_r-,, items are called"Fscrow Items." Lender may.at any time,collect and hold Funds in an amount nw to excced the maximum
<br /> ���'��:;;�`s� emount a lendec for a federally related mortgage loan msy require for Barrowerb escrow account under the fr,cleral Real
<br /> -�_- � "� Estete Settlement Procedures Act of 1974 us a��iended from time to dme,12 U.S.C.�2601 e1 se ("RESPA").unless ar�other
<br /> v.;-�f';;.'...'�::^ n..i: 9•
<br /> --;� • law�hat applies ta 1he Puods sets a lesser amount. If so,Lender may,s�t any time,collect and hold Funds in an amount not to
<br /> _����.�.�a' �' '�. eacced the lesscr amount. Lender may estimate the s�mount of Funds due on �he basis of cwrent daw and masonable
<br /> x; f esdmutes of expenditures of future Escrow Items or othenvise in accordance with applicable law.
<br /> �.:=�;`- '�- _.�� ,��,• ihe Funds shall be held i�an insti[ution whosc deposits are insured by a fedcrai agency,instrumentality,ur en[iry `
<br /> - '�, (including Lender,if Lendnr is such an institution)or in any Federal Home Loon Bunk. Lender shell apply 1he Funda to pay
<br /> _„�;,; "'' ° the E.4crow Items. Lender mey not charge BoROwer for holding end uppiying the Funds,annuolly unalyzing the escrow
<br /> �`�F`` ` account, or verifying the Escrow Items, unless Lender pays Borrower interes� an the Funds And applicoble law permits
<br /> •��.;. " � ..
<br /> _..� ��`"!"�; Len der w m a ke such a c harge. However.l.ender may require Borrower to pay a one-time charge for an independent real
<br /> ° .,� • ' estate ttuc repoRing service used by I.ender in connection with this loan,unless applicable law provides otherwise. Unless an
<br /> '�# . ' agreement is made or appliceble inw rcyuires interest to be paid,Lender sh�ll not be reqoired to pay Aotrower eny interest or
<br /> � . eamings on the Funds. Borrower and L.ender may agrce in wdting.however,thet ioterest shull be paid on the Funds. Lender
<br /> --��'�, :,,;;q�Y,�„�,;y�,;,yr,,. rhall give to Borrower,without chnrge,an annual accouming of the Funds,showing credits and debits to the Funds and�he
<br />- --—�-��N;�-` ��_-� - -- purpose tor which each debit to 1he Funds was made. The FLnds are pledged ac additionel secunty tor all sums secured by -
<br /> -� " '. . thi�Sccu�iry Instrument. _
<br /> • . � If the FLnds held by Lender exceed the amounts permitted to 6e held by applicnble Iaw,Lender shall account to -
<br /> • Borrower for the excess Funds in accordance with ihe requirements of upplicuble Inw. If the amount of the Funds held by
<br />-- = , Lender at any time is not sufficient to pay the 8scrow Items when due,Lender may so notify Borrower in writing,And,in
<br />__ •*.� • � � such case Borrower shnll pay to Lander the amount necessary to make up the deficiency. Bomower shall make up the
<br /> - . - �• deficiency in no more thAn twelve monthly pnyments,at Lender's sole discrelion.
<br />-- � •• Upon payment in full of uU sums secured by this Secur{ty Inswment,Lender shall prompdy refund�o Borrower uny
<br />�.� ' � •• Funds held by Lender. If,under para�raph 21,Lender shnll acquire or sell the Property,Lender,prior to the acquisition or _
<br /> �, . -�- ,�, sale of the Properry. shall npply uny FunJs held by L.ender at thc tirna of acquisition or sale as a credit against the sums
<br /> � . � secured by this Security Instrumcnt.
<br /> � 3. Applkation o�Payments. Unless applicuble IAw provides atherwise, oll pnyments received by l.ender under
<br /> .�,�,_ ,.�^ :'�� paragraphs 1 And 2 shall be upplied:first,to any prepuyment charges due under the Note;second.to amounts payable under
<br /> , o puagrnph 2;third,to interest due;fourth,to principul due;and lasl,to any late churges due under the Note.
<br /> ��• 4. Charges; Liens. Borrower shull puy ull laxes. Asscssments, charges, fines and impositivns altributable to the -
<br />� �� Roperty which may uttain priority over this Security Instrument,an�leasehold payments or ground rents.if s�ny. Borrower
<br /> ,T"'�.. xi;•,. • shall pay these obligations in Ihe manner provided in paragruph 2,or if nat puid in�hat manner.Borrowe�shall pay them on
<br />:�t '' ,.� ., time direcdy to the person owed payment. Horrower shAll promptly fumish�o Lender all notices of umounts to be paid under _
<br />,� •�"`' :�� _ - • this paragraph. If Bomower makes these payments directly,Bormwer shnll prompNy fumixh to Lender receipts evidencing �
<br /> "'• � the payments. �
<br />�. Borrower shall promptly discharge any lien which has priurily over thisSecurity Instrument unless Borrower:(a)�grees -
<br />-� � � �• in writing to the payment of the obligation recured by the 8en in a manner uccep�able to Lender;(b)contests in good foith the
<br />�';�,. lien by,or defends aguinst enforcement of the lien in,Iegul proceedinss whkh in the Lender's apinion operate to prevent the
<br /> +;• `�� ` enforcement of the lien;or(c)secures from�hc holder of thc licn un agrccrnent sutisfactory to Lender subo�dinating the lien :
<br /> '`'•� ,',�' • , to this 5ecurity Instrument. If Lender determines thut any pan of the Propeny is subject�o a lien which may attain prioriiy E
<br /> � . •���, over this Security Inswment,Lender muy give Borrower u notice iden�ifying the lien. Borrower shall satisfy the lien or t�ke �
<br /> , r�:,. ., one or more of the actions set forth abovc wilhin 10 days of thc Fiving of notice. _
<br /> " 5. Haturd or Property Insurance. Borrower shall kcep the imprcwernentti now cxisting or hercAftcr erected on the _.
<br /> . . . Property insured aguinst loss by fire,hazards included within thc tcrm "cxtcndcd covcrc+gc"und any other hazards,including =
<br /> • � � floods or tlooding. for which Lender reyuires insurance. This insur�nce shall be muintuined in�he amounts And for the -
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<br /> • Form J028 9/90 f�uxe:njA paRtsl �
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