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<br /> ` '►pGE'fHER WfPH all tfle im�mvements now or hereafter erected oa the properry.and aIl easements,apputt�• • ,. ;
<br /> �- . ' . fiacaues now or heseaftcr a parE af the pmperty. All replaoements and additions shalt also be covered by this Sewr�ry --_`". -
<br /> � � � InstcumeQ�All of the foregaing is referied to ia this SecuritY�sa�tmeut as the"Pro�t}+•' - - -_- _ -- --
<br /> �� BORRQWER COVENANTS tLat Borrow�r is lawfully seised of the estate hereby wnveyed and has the rIght to grant and ,
<br /> convey the ProPenY and that the Pmperty is u n e n c u m 6 e r e d,e�c ce p t f o r e n c u m b r a n c e s�ocumbrances o=f���aad wi11 � . ; `
<br /> � �
<br /> � , � defe�geaerallY ttte d de to t h e P r o p e c t Y a g a i n s t a l l c l a i m s a n d d e m a a d s.s u b j e c c m a a y . .4
<br /> _ • THIS SECURTi'Y INSTRUMEN'T combines uaiform covenaats far aational use and aoaarnif��wvenaats with limi t e d�
<br /> coveria ieal propettY• � . .
<br /> " � vazeations by j�isdiction to constitute a unifotm s e c u r l t y i n s m�m e n t S , .
<br /> � ' � UN�ORM COVENANTS.Borcower and I.ender covenaat and agtee as follaws: ". � . , ' • _ : .
<br /> ,.. �t a n d L a t e C h a r�e q. B o r rower shall pro m P�Y PaN�due the�
<br /> - 1. P�yment of A3adpal and Inierast; Erepa9m due uader the Note. � ` ' �
<br /> - ~`f'• princlpal of and interesc on the debt evidenoed bY the Nate and anY P�PaY�t aad laie charges � _--._ __ _.:�
<br /> '"_� Borrower sball paY w� `- �:
<br /> - --- Z.F�mds for Texeg and Iasurence.Subjecc to applicab2e law or to a writteat sraiver by I.euder. ---- _.� _
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<br /> � iffider on the day mo�h1Y Payments an due under the Note,a�il the Note is paid in fiil1.a sum("Funds")for.(a)Yea�1Y taxe� � _\•< ,�:� :',:�_
<br /> aad ass�ts wLich maN attazn PnoritY over this Seruciry Instrument�s a lien oa tLe PropertY;(b)Yeaz1Y leas�otd gayments ., . , "' '. .
<br /> remiums;(d)Year1Y tiood insuranae premiwns+ ` .`
<br /> or g�ound n�nts on the Pmperry,if anS►;(�)Yeaz1Y b�or pmperty instuance P .--.. ....: - .
<br /> �° snms abie by Bormwer to Iender,in as�caidance witb '<.
<br /> . �` , if auy:(e)Year1Y�F�E msurance Premiums,if anY.and(�a�►Y PaY .
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<br /> � � the pmvisions of paiagraph 8,in liea of the payment of mortgage msurance Fcemiums.These items are calted'Escsnw Items.' , .
<br /> . . I,eader may,at u►Y time.collea and hold Ft�nds in an amo�mt not w exceed the ma�cimmm amc►�t a tender fas a fedeiallY .. : ,
<br /> for Bomowe�s escmw account under the federal Real Estate Sett�ement Prooeduies Act of . ` -. -`��,_
<br /> :elated mortgage loan may cequire � hes W the F�ds . ;.:;` _ ' :.
<br /> ' 1974 as ameaded from time to time, 12 U.S.C.Secdon Z6t)1 et s ('RESPA').unless another law thai app� . ,.:� ;-
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<br /> - sets a lesser amount.If so, LRnder maY,at any time. collea and hold Funds in an aueount not to exce�l the lesser amo�i. ''.-.�,.�.`:
<br /> Leuder ma estimate the ataount�f Funds dae on the bagis of cartent data and ieasonable estimates of expenditu�es of fuUU�z - . . �,�'�
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<br /> � � Fscrow Items or otheiwise in accordance with applicable law. • �-:��_�
<br /> . . . -�. 'Ihe Funds shall be held in an insdtution whose d�osix.s are insvred by a federal age�cY. �LY+ or entity , __.�-�•�.
<br /> ' ' :� Cmcluding Lender,if I.ender is sucb an institution)or ia azry Federal Home Loan Bank.I.eader s]�all app1Y the Fands to pay the _;,;_�°3_,'
<br /> . ..r I ' ihe Funds,annuallY analYzing the escrow axuaat,a= _ , ',...,�--=
<br /> Fscrow Items.Lender maY aot charge Borrower fos ho2ding aud aPP 7+�� ::�i►�'�.
<br /> . � ';� vecifyinS the Fscrow Items,untess Lender pays Borrower interest on the Fnnds and applicabie law permits Leader �� - .- -. - �.��'-
<br /> • -.•`�« a charge.However,Lender maY recNire B�Irower to pay a on�time charge for an independeat mal estate tax�epo g
<br /> �" L e r der in connection arith this loan, unless applicable law pmvides otherwise. Unless an a� is made or ����'�'
<br /> nsed by �y earnings on t h e F�mds. ,.� ;-`r:`-,'�`�'°
<br /> ;<� . .. .. �; applicable taw req�ins interest to be paid;Ixnder shall not be required to PaY Borrower inte�est or ,�...:•;:;�.'`
<br /> � .� Bomnwer and Leader mal+a8ree II►wciting,hawever,that interest sliall be paid on the Funds. I�ender sball gi�e to BoAOwer, ;L�, � -
<br /> , � `� without charge, an annual accaunting af the Fands,showing c�edits and debits to the Funds and the purpose far whi�ear� . .
<br /> . c debit to the Fuads was made.The Funds are pledged as additional s�ity for all s�ms secured by tLis Secutiry Tns��nmeas• ' `.;..�.y%.
<br /> �-+ w be held by aPPlicable law,l.ender shall socount w Bosmwer .. ��:�::_ ;�!;`;�;;
<br /> .` If the Fands held lsy L.ender exc.eed the amo�mts Permitted .;; ;�, ,:� i
<br /> for the excess Funds in accordanve with the requirements of applicable law.If the amoant of the Fands Held by Lender at an7l , �
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<br /> , �.'� time is not sufhcient to pay the Escruw Items w hen d n e.I e a d e r m a y s o n o ri f y B o r r ower in writin g,and,ia sach case Borrower :, .f .';, :: ,��
<br /> . •� shall pay to Leader the amouat necessary to make up the deficiency.Bosower sha11 make up the deficiency in no awne thaa f : ,� '`a�i
<br /> '. i twetve monttilY paymeN�+at Lender's sole dissietion. 5 �'��`'
<br /> Ns Lender sball promptly refund w Bonower any '`:;T,�.
<br /> �� , Upon payment in fiill of all sums secu�ed by this Security lnstrument, Lender, rior to the a¢quisitiou or sale ' e
<br /> • ..-,:} held b Lender.If,under paragraph 21,Lender shall aatuire or sell the ProperlY, P _;'-��?�
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<br /> Fands Y .•�-'�:-'�* �
<br /> , ' �j. of the PropertY,sha11 aPPt3+any Fuada held by I.ender at the time of acquisition or sale as a credit against the suws secur�d by ''�:'',`.' r.�s."'�:_
<br /> ' .F this Securlry Insuument. . ^;��``�;'
<br /> . , . . ; 3.Appltcation of Payments.Unless applicable law provides otheravise.a11 PaYmeats re�eived by Lender under paragcapl� ;,-�,,.t
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<br /> � 1 and 2 shail be applied•first,w aay prepayment chazges due under the Note;setond,to amounts payab2e under paraSraPh Z; :'�.�w.
<br /> third,to interest due;fourth,ta principal due;and la�t,to any+late charges due under the Note.nons attributable to the Property ��-
<br /> . . � 4.Cha�ges.Lteag.Boaower shall pay all taxes.assessments.charges,fines and imposi' " . . . �'_
<br /> . which may attain priority aver this Security Instrument,and leasehold payments or ground rents, if any. Borrower sl�all pay ;',r, ^.��:
<br /> p h 2,or if not aid in that manner,Boaower shall pay them aa dme d�tectlY ,�..,;,.
<br /> � � .,� these obligatioas in the manaer rovided in paraSnp P . _;,,_
<br /> to the person awed payment.Bonower shall promptiy fivaish to Lender all notices of amounts w be paid undet tbis P�B�Pb• , �::.,� .`�
<br /> . . ���� I€Borrower makes these payments d'uectly,Borrower shall prompdy fumisb to Leader recelpts evidencing the paymeats. r�.
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<br /> Barroaer shall promptly'discharge aay lien which has prioriry over this Securlty 1nsuument unless Bo�r°wer:(a)agrees in � , .} ,'
<br /> . writing to the payment of the ob�igation seaued by the lien in a maaner acceptable to Lender;(b)contesta in good faith the l�en . : �
<br /> by, or defends a�aainst enforcement of the lien in, legal proceedinga w1�icL in the L�eader's opinion opetate to prevent the . ,
<br /> ns
<br /> enforcement of the lien;or(c)secvres from thc holder of the lien an agreement satisfactory to Lender snbordivating the lien to
<br /> + this Security Instcument. If Lender determines that any part of the Pcoperty is subject to a tien wluch may attain prloritY over . '.:r;J; .
<br /> �1 �is ge�uiry Instrument,Lender may give Borrower a notice identifying the lien.Boirower shaU satisfy the llen or take one or . .
<br /> � more of the actions set forth above witLin 10 days of the givin�of nodce. ..� •
<br /> � Form 3028 0/90 � � '. .
<br /> � � ' �-6RlNE1�92tsi.os vaoesore ��*� . '. . '.
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