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<br /> �-�� 92— 1o7�.ss
<br /> TO(3ETHER WITH all ihe improvementa now or hereafter erected on the propeny,and all easement�,appurtenunces,
<br /> = and tixttue�now or hereefter a part of tha property. All rt�nlecementa anci additiona sMall alw�ha covered My thix S�xu�ity
<br /> . - Ir�strument. All of the foregoing is referred to in this Security Inswment aw the"Propeny."
<br /> � �''"�w'� BORROWER COVBNANTS that BoRawer is lawfully seised of the estate hereby conveyed und has the right to grnm
<br /> ''- + end convey U�e Property and Ihat the PropeRy is unencumbered,except for encumbrances of record. Borrower wa�rant�and
<br /> will defeid gene►ally the fltle to the Pmpeny again4t all clairns and demands,subject to any encumbranres of record. _,
<br /> ' THIS SECURITY INSTRUMENT combines uniforrn covennnts for national usc und non•uniform wvenants wlth
<br /> 4 limited variations by jurisdiction w conatitute a uniform security inswment covering real propeny.
<br /> � �`" �`'t`�� UNIFORM COVENANTS. Barrower and Lender cavenc�nt and agree as follows: --
<br /> ,�,; �����,:._�.• 1. 1'aymeot of Principal and InteresN PrepaymenR and Late ChorQes. Borrower shnll promptly pay when due the
<br /> --Y�• �+ -.;,,.,;, G principal of and interest on the debt evidenced by the Note and any prepayment nnd letc charges duc under the Note.
<br /> ___:�'``?�''•'`•-"��.C�r � 2. Ftinds for 7lixes and lasurAnce. SubJect to applicable law or to a written wniver by Lender.Borrower shall pay to _
<br /> Lender on the day monthly pAyments are due under the Note, undl the n'ote is paid in full. a sum("Funds")for:(u)yearly
<br /> ����•��•, taxes and assessments which may attain priority over this Security Insqument as a lien on the Property;(b)yeurly leusehold
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<br /> ���y� payments or ground rents on the Properry, if any; (c) yearly hazard or property insurancc premiums; (d) ycarly flood
<br /> iosurance premiums,if any; (e)yearly mortgage insurance premiums, if nny; and (� any sums payable by Borrower to
<br /> ��'`-}�''-'�"� Lender,in accordance with the�rovixi��s af paragraph R, in lieu of the payment of morlgage insurance premiums. These �._
<br /> -�� -- itema ere calitd"Fscrow Items." Lender may,at any Ume,collect and hold Funds in un amount not to exceed the maximum
<br /> :�;� � ; amount a lender for a federally related mortgage loum m�y require for Borrower's escrow account under the federal Real
<br /> =���..� Estate Settlement Procedunes Act of t974 as nmended from time to time, 12 U.S,C,§2G01 e�se�.("RESPA"),unisxg enother �
<br /> �Y� •f;�;�. law that applies to the Funda sets a leaser amount. If so.Lender may,nt any time,collect und hold Funds in sin amount not to
<br /> .,% •., ; � n
<br /> '' � , exceed the lesser amount. Lender may estimate the amount of Punds due on the basis of current dntu nnd neosonable
<br /> ' y� :;>= esUmates of expendiN�es of future Escrow Items or otherwise in accordance with applicuble law.
<br /> � The:'^�^�is shall be held in an institution whosc deposits ore inQUred by a federal agency,instrumentality,or entity
<br /> ;�:.'"' (induding L.ender,if Lender is sucb an institution)or i�any Federal Home Loan Bunk. Lender shall apply the Funds to pay
<br /> •,� . Ihe Escrow ltema. Lender muy not charge Borrower for holding und applying U�e Funds. annually analyxing the escrow
<br /> • �^ �-:•'•� � account,or verifying the Escrow Items, unless Lender puys Borrower interest on �he �nd� nnd applicable luw permi4�
<br /> � . � Lender to make such a charge. However,Lender may require Borrower to pay a one-tjme chArge for un indcpendent real `-
<br /> � estale tax reponing service used by Lender in connection with this loan,unless applicuble lew provides otherwise. Unleys an
<br /> ,. ,. .. ' o.. • � • agreement is made or applicuble law requires interest to be paid.Lender shull not be required to pay Borrower any interest or
<br /> • earnings on the PUnds. Horrower and Lendcr may ngme in wdting,however,thut interest shall be paid on the Funds. Lender
<br /> s��w shnll give to Borrower,without charge,an nnnual accounting of the Funds,showing credi4� und debits to the Funds and the
<br />- _ :�-'",�"°'."'"`""`3»�"r��: isurpase far xhich each debit io tha T1�nds was nia�. The FLsds are pledged as additionel�curiiy for afi sanis securc�i by =_
<br />. , thls Secudty Instmment.
<br /> If the Funds held by Lender exceed the nmounts permiued to be held by applicable law, Lender shall account to
<br /> . ' Borrower for the excess Flmds in accordunce with the requirements of applicable law. If the umount of the Funds held by
<br /> . Lender at any time is not sufficient to pay the Escrow Items when due,Lender may so notify Burrower in writing,and, in —
<br /> . such case Borrower shall pay to Lender the umount necessary to muke up the deficiency. Borrower shull make up thc —
<br /> ^ �.,;'u::',': . • . deficiency in no more thun twelve monthly paymems,ut Lender's sole discretion.
<br /> • � �..�, ' Upon payment in full of all sums secured by this Securiry Inswmen4 Lender shall promptly refund to Borrower uny
<br /> " �� Funds held by Lender. If,under parugruph 21.Lender shal l acquire or sell the Property, Lender,prior to the acquisition or
<br /> �'" ' � sale of the Piropeny,shall apply any Funds held by Lendcr at the time uf ucquisition or sale us u credit ngainst the sums �'�
<br /> ''- ,� �'„ secured by this Security Inswment.
<br /> ,,,,_ �� _.��.,; 3. Applieation of P�yments. Unless applicable luw provides atherwise, ull puyments mceived by Lendec under
<br /> �+. ' � paragraphs I und 2 shall be upplied: tirst,to uny prepaymen t chArges due under the Note;second,to umounts pAyable under
<br /> "'` paraQrnph 2;third,to interest due;fourth.to principal duc;und last,to uny lute chnrges due under the Note.
<br /> aa
<br /> ��.; �� . `s 4. Charges; L(ens. Borrower shall pay all tuxcs, assessments, churges, fines and impositions attribuwble to the
<br /> Property which may nttain priorily over this Sccurity Instrurnent,and Ieuschold puymcnt+or grounJ rents,if any. Borrowcr
<br /> � • ' shall pay these obligations in the manner providcd in parugraph 2,or if not puiJ in thut manner,Borrower sh•rll puy�hem on `-
<br /> � time direcN to the rcon owed a ment. Borrower xhull rom U furnish to Lender all noticex of umounts to be uid under
<br /> • ,•;.x".:� � Y Pe- P Y P P Y p �
<br /> , thi4 paragraph. If Borrower mwlces theYe payments directly.Borrower shall promptly furnish�o Lender receipts evidencing _
<br /> the payments.
<br /> . Borrower shall prornpdy dischurge uny lien which hus prioriry over this Security Instrument unless Borrower.(a)agrees
<br /> .,e,w ., in writing to the payment of the oMigation sccured by Ihe lien in a manner ucceptnble to Lender;(b)cuntests in goad faith the
<br /> ' `' ��,�"'K"�.�`." � • , lien by,or defends ugainst enforcement uf the licn in,Iegal procccdings which in the Lender's opinion opernte to prcvent�he -
<br /> '� ' ° � enforcement of the lien: or(c)secures from the holdcr af th�licn un ugreemrnt sutisfactory to Lender subordinating the lien
<br /> „ .a� to this Security Instrument. If Lender detertnines thut uny part of the Property iti subject to a lien which may uttuin priority
<br /> ' .. ovcr this Security Inswment,Lendcr may givic eorcower a notirc iden�ifying the lien. Borrower shall satisfy the lien or take __.
<br /> '1 ' ` one or mare of the uctions set forth above within 10 days of the giving of notice.
<br /> �� "° ,, 5. HAZnrd or Property Insurance. Borrower shull keep the improvements now existing or here•rfter erected on the �
<br /> Property insured aguinst loss by firc,haznNs included witNin d�c terni"extended coverage"and any other hu•r.urds,including
<br /> „ ' .. ' tlaods or flooding, for which Lender requires insurance. This insurunce shall be muintnined in Ihe umounls and for the �
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<br /> , Form J02!{ 9/90 ��xe:��jn�gesl
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