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<br /> 7'OQETHER WITH nll the improvements now or hereaftcr em,�:ted on the property,and all c�.�scments,appurt�nances,and I .
<br /> Gxtures now on c�reaitsr a ps�rt off the property.All replacement�and addltlun�shnll also bo covered by this SecurIry InswmenG „L
<br /> � All oP the foregoing ts refecred w in this Security Instrument as the"Property:' I . _
<br /> BORR0I�VGFt COV&N�N't'S thac Bo�ra��cr is la���fully seised of the e.ct�te hereby conveycd und ttn�the right to grant and � .�
<br /> convey the PropeRy and that the Property ls unencumbered,except for encumbrances of record.IIorrower warrants and will I
<br /> defcnd generally the dtle w the Praperty against ull claims and demands,subject to nny encumbmnces of record. :
<br /> ;,,,,,..u� THIS SECURITY INSTttUMBNT cambines ��niform cavenants for national use and non-uniforrn cc�venants with limitect
<br /> ^e variadons by ju�isdicaan w constitute a uniform securlty instrument covering real property.
<br /> IJNIFORM COVBNANTS.Horrower and Lender covenant and agtee os follows: when due thc °��-`-_
<br /> 1.Paymeat ot�'rincipal aad Interest;Pa�epaymeat aud Late Cherg�. Borrower shnll prompdy pay �u_�:,
<br /> . prtncipal of and interest on the debt evidenccd by the Note and eny prepayment and late charges due under the Note. :•::;-=
<br /> 2.Funds for Taxes ttnd Ins�erance. Subject to appllcable law or to a written waiver by Lender,Borrowea shatl pay to . ,��__
<br /> �� l,�nder on the day monthly payments ara due under the Note,until the Note is paid in full,a sum("Funds")for: (a)yearly tuxes . '���:�-�-
<br /> nnd assessments which may attain priority over this Security Insuument as a Uen on the Property;(b)Year1Y�easehold paymenta , .� 'LL
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<br /> or ground rents on the Property,if any;(c)yearly ha7ard or property ins�rance premiums;(d)yearly flood incurance premiums,if ,�::.;„��-
<br /> • anY;�e)Yearly mortgage insurance premiums.if any:ec►d(�any sums�aYable by Borrnwcr to Lender,in eccordanc�with the ,;•q,�n�
<br /> • provlsions of parag�aph 8. in Ileu of the psyment of mongage insurar►ce pe2miums. 'It�cse ioems are called "�scrow Items." .,�3."'.'_
<br /> Lender may,at any time.collcct�nd hold Fur�ds in an emount not w exce�ed the maximum amount a lender for a fetlerally related �, �
<br /> mortgage loan may require for Borrower's escrow account und�er the federal Real Estate Settleme�it Procedums Act of 1974 as "��`��°:� � �_
<br /> cunended from tLme to time.12 U.S.C.Secdon 2601 et seq. ("KL�SPA"),unless another law that applies to the Funds sets a lesser ` �__
<br /> emount If so. Lec►der may, at any time,collect end hold Funds in an amount not to excoed the lesser amounG Lender may ,,,�4;�n�:,-�'��_
<br /> ;�r estimste the amount of Funds due on the bas�s of curcent data end masonuble esdmates nf eapendiwres of future fisc�ow Items ar ,?;;�;_�� ___
<br /> �. othvwise in occordance with appllcable law. ����;:��n��`q
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<br /> 'I�e Funds shall�e held ln sn instiwtton whose dcposits aze insund by a federal agency,insbrumeulality,oe endty(inclutling ,,,,+`
<br /> �' I.ender.if Lend�is such an insdwtlon)ar in any Federal Home Loan Bank. Lend�r shtill apply the Funds to pay the Escrow �, �°— _
<br />. � Items.L.cnder may not charge Borrower for holding and applying the�lu►ds,annually analyzu►g the escmw eccount,or verffying -
<br /> the Bscrow Items,unless Lendu pays Borrower interest�.n the Funds and eppllcable law pe.rmits Lender to mA{ce such a charga. ..s
<br /> However.Letxlet may require tsotrower to pay a one-amc ci,niga i�i a+"i ltitji�nt�Litt t'E�C.•S�Y?ta* ��►r�inv corvice used 6y _:,._ .
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<br /> Lender in connection with this loan. w�lcss applicable law provides otherwise.Umless an�ment is made�r ttQpllcable law F,;;1
<br /> requires interes4 to be gaid.Lender shall not be required tn pay B�nower eny int,erest or ea�nings on the Funds.Barrower and 1;,�.� +�� �
<br /> Lender may agreu in writing,however,Uu�t interest shall be paid on the Funds.Ler►der shall gtve w Bonower,wltlwut charge,nn , i� :� .,,
<br />- annual accouating of the Funds.showing credits and debits to the Funds and the pucpose for which each debit to the Funds was
<br />' made.The Fvands are pledged as addidonal security for sU sums secured by this Sectuity Inswment, �� ,
<br /> -;,; . ,. If the Funds held by Le,nder exceed the amounts peimiued to be held by applicable law.Lender shall account to Horrowrr for _
<br /> the eacess Fyuids in acoordance with the roquirements of applicable law.If the amount of the Funds held by Le,nder ac onY Wne Ls
<br />-- • • �•- > not sufficie►u tn pay 1he Escrow Items when due.I.euder may so notify Borrowe,r In writing,nnd.in such case Borrower shall pay _
<br />-' � to I.endrr the amount necessary to make up the deficiancy. Bomnwer shall ma�ce nP tha deficiency in no more then twelve
<br />' montlily payments,at Lender's sole discretion. ---
<br />— ' TJpon payment in full of atl sums secured by this Security Instrnment,I.endex shall promptly refund to Bortawer any Funds �_
<br />'�,...� ,:��-., • held by L�;nder.ff.under pa�ngrapd 21,Lender shall acq�ire or scll the Propc�ty.Lender.Prior w the acquisition o�r salo of the _
<br /> -_.t_.:•-..� p�ny� yt�all apply any Funds held by Ler►der at the time of acqulsitton or sale as a credit aguinst the sums socurod by this --
<br />_-• ' ..: .�_ : Security Instrutnent �
<br /> "'•�::; � •x•= ts receivad b Lendu nndet hs
<br />=;y�:�,-., •� 3.Apglicatlon ot Payments. Unless applicable law provides otherwise.a11 paYmei► y P�B�P ,,
<br /> • 1 end 2 shnll be applled: fusb to anY P�PaYment charges duo under the Note:second.W amonnts payabk undu paragraph 2� p_:;-
<br />- . _ , .. ':��., third,w intaest due:fourth.to principal dua.and last,w any late charges duc under the Note. _- - -
<br /> �•.,•..;�::�;,�;�1,. 4.C6argtsi Liens. Borrowu sl�all pay all taxes,assess�ncnts.chargcs. fincs and impositlons aaributeblo to the Prope�,q� _.
<br />--�••. �':;:��' which mey attain pdodty ovu this Sacurity Instrument,and leasehold payments or ground rents.if eny.Borrower st�all pay these �;
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<br /> �►"-?;�.,:��,: obligadons in the manncr provided in parngraph 2,or if not paid in that manner��orrowcr shall pay them on Nme direcdy to the b1_,�__--
<br />--..,?x.. persan owed payment. Borrower shall promptly fumish to Lender ell nodces of amounts w be paid undcr thi� paragraph. If �
<br /> . +,`. . � Borrowear makes these payments directly.Borrower shall prompdy Cumish w Lende�receipts cvidee►cing the payrr�►ts. �;,-
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<br /> • Borrowor shall promgdy discharge any lien which hav priority over this Securlty Instrument unless Borrower: (a) ag[�es in �:._ ___
<br /> , . .. � writing to tha pay�nent of the obligatian sccured by tho lien in a manncr aocepteble w Lcnder;(b)con�.sts in good faith the licn �,_:�L�------_
<br /> ' �" by, or defends against enforcem�nt of the Hen in, legal prescecc�ings whic�h ln the Lender's opinion opeiate to prevenc thc --�---
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<br />- - # enforcement of the lier�;ar(c) secures from the holder of the lien an agroernei►t satisfactory to Leuder subo��iinnting the lien to "'=�=�—�=
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<br /> t tlils Securiry Inatn�men4 If I.ender dctarmmittes that any part of Yhe Property is subject to a lien which may attain prioriry over this .�;j�rirar,�rx:.
<br /> Sectuiry Instrument,Lender may give Borrower a nodce identifying 1he lien. Herrower shall sa+cisfy the lien or telce one or mote - :��
<br /> � of the acdons set forth above within 10 clays of the giving of noticc. ' `'''
<br />- i Form 304s CI90 �`� �
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