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<br /> TOGETHER WITN all th�impm�cments now�or here�after erzcted on the propeny,snd all easements.appurtenances, attd � ' .�•a••
<br /> � fizturt� nuw• or here-a£ter a part of the propcsty. All replacements and additions �hall al.n hr co�er��1 by this Security ' ' ,�,
<br /> In�trument. All of the(orrguing�,rcferrr�i tu in thi,Serurity Inatrument a+the'Property�.' ''4 '" � �
<br /> : � ! BORROWER COVFNA'�ITS that 8urro�cer i. lawfully sei�ed uf the e�tate hereby u�m�eyrJ:u�d hae the n�ht to grartt and • �
<br /> onnvey dir Pn�perty and that the Pruperty i� unenrumbered, except fi�r encumbrances uf recurd. �3omiaer wam,tnti:tnd wiU " �' ���`'
<br /> ��,, � defend generally the cidr ta thc Property agsin,t all claims and demand,.>ubject tu any en�vmbranec�,of rerard. � . .. . `_
<br /> �
<br /> T}IIS SECURITY ItiSTRU:�tENT cumbinr. uniform co�•enant+ for national u,�e and non-uniform co�•enants with limited
<br /> variatiom by;uri,dirtinn tu cun,titutc:►unifnrm x�-urity instrument ruvering rea!propeny. � -
<br />_.�.. . UNIFORb1 Ci)�'E�iAyTS. &�rruti�er;utd Lertder rucenant and agme:u follows: `
<br /> - 1. Paynzent uP Pt�incipai and Interctit; Prepa}ment and Late Cbar�;es. Borrower shall pmmptly pay when due the � �� L
<br /> ' principal af and intrre+t un the debt e��idenccxi by the\ote:uid any prepayment and late charges due under the Noie. �� � �
<br /> 2. Funds Por Tox�vnd lnsuovace. Subjert to appliwble law ur to a written �saiser by Ixnder. Borrower shatl pay to ' �•<<•y� - - •
<br /> Lendcr on the day monthl��paymenta art due under tf�e Note,until the I�iote is paid in full,a sum f"Funds")for.(a)yearly taaes =-F, "��;�?�",h
<br /> �, a�d acses,ments whirh may attain priority o�•er thiti Security Instrument as a lien on the Propecty:Ibi yearly leasehotd payments . .-�=���''-
<br /> .. or gmund rcnts on the Property, if any:�cl}•earty har.ud or property insurance premiums;(d)yearly fload insurance premiums, T "
<br /> . if any: �el yrarly mortgage insurance premiums. if any: ;ind ff)any sums payable by Borrower to Lender. in aceordance with ' ���,'�^-'`''-".--
<br /> '�.�z:•:..-
<br /> . Ne pro�•ision�of paragraph 8. in lieu of thc paymcnt of mnrtgage insurance premiums.These item,,are called"Fscrow Items.' .�t;,,'`�;��
<br /> "r'' -�
<br /> Lender may, at any time, collect and hotd Funds in an amount not to exceed Ihe maximum amount a lender for a federally .�•,<<.� -_��, �-
<br /> ' related mortga�e to;ui may r�quire for Hornnu•er's etcrow account utn�er the federal Real Estate�ettlement Procedures qet of ' 'T
<br /> a V,�
<br /> � 1974 as;unended from timc to time. 12 U.S.C. Se��tion 26U1 er seq. �"RESPA"1, unless another law that applies ro the Funds � �'�'
<br /> . .r .'}
<br /> s2ts a le,�er amount. If w, Lertder may, at any time, coUect and hold Funds in an amount noi to exceed the lesser aznount. �
<br /> ' Lender may cwurnate the amount of Funds due on[he ba.sis af current data and reasonable estimatec of expenditures of fumre � ' .L- `:�.��} •
<br /> Escrow Item.ti nr i�therwi�c in accardance�vith applicable la�v. . �"'`,:'���'����
<br /> .,y.xle� T.i Nr=_..'�..
<br /> The Fundi shall be hetd in un institution �vhose deposits are insured b a federai :� en � �`F
<br /> Y g cy, instrumentaliry, or entity '�'�_ �-"
<br /> "� lincluding Lender, if I.ender i,such an in�titutionl or in any Federal Home Loan Bank.Lender ahall apply the Funds to pay the _��,
<br /> Fscrotv kem�. Lender nx�y not rharge Bnrrower far holding and applying the Funds, annually analyzing the�scrow�count.or '. -
<br /> verifying the E,cmw Itemti,unless Lender pays Borroa•er interest on the Funds and applicabte law permits L,ender to make such � �. �'�'?�°��=
<br /> „ a charge. Hou,ever. Lender m:iy reyuire Borrouer tn pay a one-time cfiarge for an independent real estate tax repo�c�!g serviee � ""�;
<br /> used by Lensler in connertion with thiy lo;u�, unless applirable law provides otherwise. Unless an agreement Es v�� or
<br /> applicable!aw reyuires intcrest to be paid. Lender shall not be reyuired to pay Borrower any interest or earninas on r,1��1�^.�s. - -' - �� '
<br /> Borrower and I,ender may agrcc in writing, however, that interest shall be paid on the Funds. I.ender shal!give ta�13orrower. � ;`�� �.'�-
<br /> : without charge, an annual accounting of the Funds, showing credits and debits to the Funds artd the parpose for a-�ch ezcF� � :�+�-�'�
<br /> � de6it to the Funds was made.'The Fundti are pledged u additional securiry fot zll sums secured by this Security Instrurse�t. �S' �
<br /> i If the Funds held by Lender eaceed the amounts permitted to be held b� applicable law. Lender shal) 2ccount to L�rcower
<br /> -:.,�yj for the excess Funds in accordance with the requiremencs of applicable law. If the amount of the Funds held by L.er.�at any �' 1i
<br /> ,, :t .
<br /> __..f�l time is not sufficient to pay the Eacrow Items when due.Lender may so notify Borrower in writing,and,in such case Sorrower --`t �
<br />, �' �,, ,.
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<br /> . shall pay to Lender the:unaunt necessary to make up the deficiency. Borrower shall make up the deficiency in no more than ' �' ''�'�::';"�;;:`
<br /> '� ;f nvelve monthly payments,at Lender s sole discretion. "^`"�• t'�,'
<br /> . . . .,�;�.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall prompily refund to Barrower an - � ' �-
<br /> Funds held by Lender. If, under paragraph 21.Lender shall acquire or sell[he Property,I.ender,prior to the acquisiuon or saie �`R�le-. ��ry�r �"'`
<br /> � of the Property, shal!apply any Funds held by Lender at the time of acquisition ar sale as a credit against the sums secured by �`" • �
<br />� s this Security Instrument. _ -_
<br /> 3.Appltcatlon of Payments.Unless applicable law provides otherwi�:.a11 paymentc received by I,ertder under paragraphs ��°�°°�� ��
<br /> � 1 and 2 shall be applied:first, to any prepayment charges due under the Nate: second.to amoums payable under paragcaph 2; +
<br /> �-. ,::--- -
<br /> third.to interest due; fourth,to principal due:and last,to any late charges due under the Note.
<br /> 4•Charges;Lteas.Barrower shall pay all ta�ces,assessments,charges, fines and im.positions aitributable to tt� r!�-.operty �
<br /> �? whicb may attain priarity over this Security lnsnvment, and leasehold payments or ground rents, if any. Borrowec s.r�ll pay `'��;;S_:-
<br /> these obligations in the manner rovided in ara
<br /> P p graph 2,or if not paid in that manner. Sorrower shall Pay rtr,�„m on tic�directly -'n%�:..
<br />. '� to the person owed payment. Borrowet shall prorr��ly fumish to Lender all notices of amounts to be paid under this pa,.-3graph. � !'"�"`�'
<br /> If Borrower makes these payments directly,Borroaer shall promptly fumish to Lender receipu evidencing the payment.. � �� n
<br /> . Barrower shall promptly discUarge any lien which has pRCrity over this Security Instrument unless Borrower: (a)�,�rees in '
<br /> writing�o the payment of the oblir�:;on secured by the lien ia a n�;:nner acceptable to Lender; (b)contests in good faith the lien �� _ •�� �
<br /> " by, or defends agaia� enforcement of the lien in, lega! proce�iings c.•Iti�.h in the I.ender's opinion operate to prevent the ,�;�j;�;a�_.
<br /> enforcement of ths tir:s, or(c)secures from the holder of the lien an agre�ent satisfactary to Lender subordinating the lien to ' �
<br /> . this Suurity Irtstrument. If Lender determines that any part of the Property is subject to a liea which may attain priority over � �
<br /> , this Secr:r'ty Instrument,Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or tals�one or . �—
<br /> more ot t;.�:rctions set forth above within 10 days of the givinC of notice. ���
<br /> � �i��"�� -
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<br /> _ va o 7 0�6 Form 3028 9l90 �'.�, � � ''�Y�;,;
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