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<br /> _— TOCiE'fHER WITH all�ha improvementa now or hercafter erccted on the properly,ond all eascmcnts.Appurtcnances,
<br /> - �nd f�ature�now or here�fte�A part of tho property. All replacements and additions ehall alco ba covercd by thia Security
<br /> j:�� ineuument. All of the foregoing is rcferred ro in thie Secudry Instrument as�he"Praperty."
<br /> ��°� BORROWER COVF:NANTS that Borrawer is lawfully sefsed of ihe cstntc hereby conveyed and hos tfic right to grant
<br /> - _— — �nd convuy tho Propetty md�hat the Property Is unenaumbered,eacept for encumbrancea of record. Borrower wartanu a�d
<br /> -;_; will di:fcnd gcner�lly Iho Iitle ro t,"�e Propetty against all clalms and demnnds,subject to any encumbrnnces of rccorJ.
<br /> _*F THIS SECURTI'Y INSTRUMENT combines uniform covenunts for natianal uae and non-uaifam covenont9 with
<br /> limited variadons by jurisdiction to constitute a uniform secudty instrument covering real property.
<br /> - -� UNIFORM COVENANTS. Borrower nnd Lender covenant and agree as followa:
<br /> 1. Paymeat oiPdncippl and Interesti Prepwyment s�nd Late Chargea Borrower shall promptly pay when due the
<br /> __ -= pr�ncip�l of and interest on the debt evidenced by the Note and any prepayment and late ch�ges due under the Note.
<br /> _. __�� _ _—= 2. F�ads tor 7iuu�wnd Ineurance. Subject to applicable law or to a written waiver by Lendcr,Borrower shall pay to
<br /> -=Q����� Lender on the day monthly payments are due under the Note,until the Note is paid in full.a sum("Funds")for:(a) yearly
<br /> taues and assessments which may ettain pdorlty over this Security Inetrument as a lien on the Property;(b)yearly IeasehalA
<br /> -��.,_q� payments or ground renls on the Property, if any; (c) yenrly hezard or property insurance premiums; (d) yeerly flood
<br /> - --•�+�� insurance premiums.if any; (c) ycarly mortgage insumnce premiums, if any; and (�any sums payable by Borrower to
<br /> �;� �`�'�• 9'�' Lender,in accordance with the provisions of psvagraph 8,in lieu of the payrnent of mortgage insurance premiums. These
<br /> —"a'--- �'�? Items are called"Bscrow Items." Lender may,at any dme,collect aad hold Funds in an amount not to excecd the maximum
<br /> =_—����-���.��is-. a�nuw�t a Ic��lc� fur a fiAerally ralated mortgage loan may require for Barrowcrk eseraw account under the federal Ress!
<br /> - -- sr�s��,�.-�;�s.,��; Estete Settlement Pracedwes Act of 1974 as amcnded from time to time, 12 U.S.C.�2b01 ct seg.("RESPA"),unless another
<br /> --=_-, ,•,�,;,,,.s ,,,.„�;,,,�..• law that applies to the Punds sets a lesser amount. If so,Lender may.ut any time.collect und hold Funds in un amount not to
<br /> '°_ ��•�+'��3 �^ ' ''•:'� exceed the lesser amount. I.ender may estimate the amount af Punds duc on the buxix af current datA ond reasonable
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<br />- •• ; estimates of expenditures of future E.ccrow Items or wherwfse in accordnnce wfth upplicable Inw.
<br /> - 3 "';�: � ."•" _ Tho Fbnds ahall be held in en institWion whose depogita are inxured by a federal agcncy, ioslrumentality,ar entity
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<br /> •�:.�Y.. � (including Lendcr.if Lcnder is such an institulfon)ar in any Fcdcml Hamc t.oun Hunk. l.cndcr xhall wpply the Fundx la p�y
<br /> ,s„•..;:y,.,, , :,,;�` Ihe 8scrow Ilemg. l.ender muy na rhargc BaROwcr fix holdfng and opplying Ihc Funds,unnually anoly�ing Ihc cKrow
<br /> _ � •�� � . accounl,ar verifying the Excmw Iteme, uNrFS Lencier paye BoROwer interext un tlx Furul� unJ upplicuhle law permila
<br /> .;: � ` , Lender to moku xurfi a chargc. Howcvcr,LcnJcr muyrcyuirc Burruwrr lo puy u�mc-Ifmc churgc IiK un independenl reul
<br /> � ��` � �'" '' � cxtate tux rcpart{ng s.ervice uned by Lender in rnnnecllon wilh thiK loan,unlchr upplicuMlu luw prcwide�ulhcrwlxc. Unlcsr�un
<br /> _ �`,;,�,�'; �� ' � � ogrxmenl ir mudc ur appUcuhlc luw rcyuirc�intcrent tu be poid,Lcndcr shall rH►t hc rcyuircd la pay Horrowcr uny imerc.r•t or
<br />- -.: •�±��= cumings on�he Funds, Narowcr unJ l.cnckr muy ugrcc in wriling,huwcvcr,thut intcrcat�hall bc paid on Ihc Fundx. Lendcr
<br /> __�_ ��,_.�x':�_ sholl give to BoROwcr, w4hout chorge,an annual uccoundng at'thc Funds,nhuwing creditF und debitK to the Funds und the
<br />-: - ,�w�°,a:==.:• r.t:�_.� purpose for whieh eaeh debit�o tne�unds was mncie. The Fuads are piedgeci as additionai sceuri�y ior ail sums secured by
<br /> ` ' � Ihis Securfty Inntrument.
<br /> �� ° �°' If the Plmds held by l.cnder exceed the umounts permitted to be hcid by applknblc Inw, Lendcr shull account to
<br /> � �� • � Borrower far the excexs Fl�nds in accordance wlth the requirements of upplicuble law. If the umount of the Funds held by
<br /> � s Lender at any time is nm sufficicnt to pay the Escrow Items when due,Lender may so notify Borrower in writing, and. in
<br /> �*t'�`�'��.�"'`���' such case Borrower shAll pay to Lender the emount necessary to muke up the de�clency. Borrower s6Wl make up the
<br /> '�'�`rf.r'-�? deticiency in no more then twelve monthly payments,at Lender's sole discretion.
<br /> �• . °. ._ , , Upon payment in full of all sums secured by this Securiry Instrument,Lender shall prompUy refund to BoRawer any
<br /> . ; e,,,,�: ,y; .�, Flmds held by L.ender. If,under pazagraph 2t,Lender shall acquhe or sell the Property,Lender,prior to the ucquisition ur =
<br /> , �� snle of the Properry.sh�ll upply any Funds held by Lender at the time of acquisition or sAle as u credit against the sums
<br /> : �. •si�-r�-K,�� . ...�,��� secured by this Security Inswment. -
<br /> ' .:«'� 3. ApplicAtion of Paymenta. Unless upplicnble luw provides otherwise, ull payments received by L.ender under .
<br /> �� � �,y ' ' � paragraphs 1 and 2 shall bc Applied:�rst,to any prepayment churges due under the Note;second,to amaunts payeble under `
<br /> .'y 4 �. �., ' paragraph 2;third,to interest due;fourth,to principal due;ond last,to any late charges due under the Note.
<br /> ,•. :.� . ,; 4. Chorges; Llens, Borrower shall pay all taxes,assessments, charges, fines and impositions uttribuu+ble to the
<br /> r: ��°• - ,'s Property which may attain prlority over this Secudty Instrument,and let�.sehold payments or ground rcnts,if any. Borrower _,
<br />: � � �,*.��: " shall pay these obligations in the manner provided in paragraph 2,or if not paid in�at manner.Barower shall pay them on
<br /> � '� time direcdy to the person owed payment. Borrower shnll promptly furnish to Lender all notices of�mounts to be paid under
<br /> ' • • • this paragraph. If Botrower makes these paymants directly,Borrower shall promptly fumish to Lender receipts evidencing
<br /> , .' , the payments.
<br /> . ,�� - � Borrower shall promptly discharge any lien which has priority over this Securiry Instrument unless Bornower:(a) agrees _
<br /> - -" - in writing to the paymentof the obligation eecured by the lien in A mnnner ucceptable to Lender,(b)contcsts in goad faith the
<br /> �;�,� �..r^°: � , lien by,or defends againat enforcement of the lien in, legal proceedings which in the Lender S opinion operAte to prevent the =
<br /> � ' ' � ° enforcement of the lien;ar(c)secures From the halder of the lien an agrcement sutiefactory to Lender subordinating the lien =
<br /> +°���4 " to this Security Ustrumed. If Lender determines thnt uny purt of the Property is subject to a lien which may utWn priority
<br /> � °� "�� „ over this Security Insdument.Lender may give Burrower a notice idenlifying the lien. Borrower sl�ull sAtisfy Ihe lien or take
<br /> . �,-�s'•� � • ane or more of the actions set forth ubove wfthin 10 days of the giving of notice, °
<br /> .,' S. Hazard or Property Insurence. Borrowcr shall keep the improvcrnents now existing or hereafter erected on the _
<br /> , Property insured against bss by fire,hazurds included wiihin the term"extendeJ coveruge"�+nd any other haznrds,including -
<br /> � floods or flooding, for which Lender requires insurance. This insurance shall be mainwined in the amounts and for the =
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<br /> Form J02tl 9/90 (paRe 2 nj6 pupesl
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