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<br /> ��v . . "� VN� ��O�6Y Y . ' ' ` , . .
<br /> � � '� �'' TOGETHER WITH all the improvements now or 6ereafter erected oa the property.aad all easements.aPPurtenances.and ' . . '.
<br /> ` `' � fixtures now or heceafter a part of the prope►ty. A11 replacexnents and additions shall also be rnvered by chis Security : .
<br /> . . � lnsuument. A11 of the foregoing is referred to in this Security Inswment as the"Property." ;. .: :': _
<br /> ` ' BORRQWER COVENANTS that Borrower is lawfully seised of the estace hereby con�eye�and has the right to grant and :,,�_c, ,`� `
<br /> =� _,,.,,..�?: canvey the Property and that the Property is unencumbered. except for encumbrances of record. Borrower warrants and will ; .
<br /> __�...� _ defand generatly the titte to the Properiy aga�nst all cia�s aud de�d�.�J�to any encumbrances of record. _ = ,-
<br /> .. ':..�: �•,..��
<br /> T H IS SECLJRTfY 1NSTRUMBNT combines uniform covenants for national use and non-uniform covenants with 8mited .
<br /> �� variauons by jnrisdiaior.to consatute a uniform securiry�astrument covering real propeny •`
<br /> - -. . ..;.. � ,� . .:
<br />= '_ " UMFORM COVENAN'tS.Borrower and Lender covenant and agree as f�°Borrower shall ro tl when due the '.,`
<br /> _: .- '.- . l. Fayment of Prtndpa!and Interesh, PrnPaYmeat and Late C6a� P r►�P Y PaY , . - `'-
<br /> S 4� '�� principal of and iaiterest on the debt evidenced by the Note and any prepayment and late charges due under the Nate. , .:, . �
<br /> r • 2.Funds for Taxes and I n s u r a nce.Su bj e c t to app li c a b l e t a w o r t o a w ri t t e n w a i v e r b y l.e a d e r. Borrower shali pa y to , 1_ �
<br /> /� _F_�....
<br /> . , Lender on the day monthiy payments are dne under the Note,until the Nate is paid in full,a sum("Funds")for.(a)yeacty taxes i u�
<br /> ' � and assessments wirich may attain priority over this Security Instrument as a lien on the Property:(b)yearlY leasehold payments �::� �`
<br /> . �. ` �; or graund renu on the Property.if any:(c)yearty ha�rd or property insurance premiums:(d)yearly flood insurance premiutms. �,-'� �
<br /> � � . - • if any:(e)yearlY mortgage insurance premiums. if any:and(fl anY swms PaYable by Borrower to Lender,in accordance with . .�'�- -_
<br /> • : ., the provisions of paragrap!►8.in lieu of the payment of mortgage insurance premiums.77iese items are called"Fscraw Items." . —
<br /> � . ; i I,ender may, at any time. collect and hoid Funds in an amount not to exceed the maximum amoum a lender for a federally =
<br /> ' . related mortgage loan may require for Borrawer's escrow account under the federal Real Fstate Settlement Pracedures Act of '��_,
<br /> .�__'":�;-. . `.• �:r..# 1974 as amended from time to time. 12 II.S.C.Section 2601 et seq. ("RESPA°).unless another law that applies to the Funds .._ . v,_
<br /> • � � seu a lesser amoun�. If so, Ixnder may. at any time. wllect and hold Funds in an amount noi to eaceed the lesser amount. ��� �.-•�• -
<br /> � , '•;;j-}�° '.�^.�,.
<br />�;f. .'.' . t I.ender may estimate the amount of Funds due on the basis of current data and reasona b le estima tes o f e x p e n d i t u r e s o f f u t u r e . �� .-
<br /> � Escrow Items or otherwise in accordance with aPplicable law. � �=_.
<br /> • The Funds shall be hetd in an institution whose deposits sire insured by a federal agency. instrumentality, or entity <
<br /> ra �
<br /> = (including Lender,if Lender is such an institution)or in arry Pederal Home Loan Bank.I.ender shall apply the F u n d s w pay t he , i � _
<br /> - Escrow I t e m s.I x nder ma y not char ge Borrower for holdiag and apptying the Funds.annually analyzing the escrow account,or
<br />�="< � .. � veri i the Escrow Items.uniess l.endsr pays Borrower interest on the Fands and applicable law perroits Lender to make s�ch `•''*�-
<br /> �� �.
<br /> � � � ' � • a charge. However.I.ender may require Borrower to pay a one-time charge for an independent real estate tax reporting service � �••-�°
<br /> � �-`,,.� '�:... :.�i�b'"`.,�a��
<br /> �>>��,-'-� - used by Lender in connection with this [oan, unless applicabte law provides otherwise. Unless an agreement is made or ___
<br /> t:� `. � applicabte law reAuires interest to be paid.l.ender shall not be required to pay Borrower any interest or earnings on ttie Funds. - �
<br /> � � Borrower and Lender may agree in writing.however.that interest shall be paid on the Funds. Lender shall give to Borrower. ..�,�;
<br /> .;�'. + • ;� without charge. an annnal accounting of the Funds, showing credits and debits to the Fuuds and the purpose for which each ..±�._r.,°..:��_
<br /> debit to the Funds was made.The Funds are pledged as additiona!security for all sums seeured by thic Securiry insuument. :� -:�-�:
<br /> • " -� `--- If the Funds hetd by Lender eaceed the amounts permitted to 6e hetd by applicable law,Lender shall account to Borrower ;�=r
<br /> -- - �---;- for the exccss Funds in accardance�wth rhe�e�;!��*��+Pnrc�f annlicable law. If the amount of the Funds held by I.ender at any �': ��_
<br /> :�- �.�
<br /> '� • ' time is not suffcient to pay the Escrow Items when due.Lender may so notify Borrower in wriung,and,in such case 43orrower ,,f��y-_
<br />� . ��>� shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than . . '�
<br /> ;'; � '; twe{ve monthl a mcnts.at Lender's sole discreuon. � ' �`
<br /> YPY . �=-:;- --
<br /> - '' � • Upon payment in full of all sums secured by this Securiry Instrument. Lender shall promptly refund to Boisuwer any _ - _-
<br /> ' Funds held by Lender.If.under paragraph 21,[.ender shall acquire or sell the Property,L.ender.prior to the acquisitian or sale _
<br /> �!;;�' .. ;.� of the Froperty,shall apply any Funds held by Lender at t he time o f acquisiaon or sa tc as a c r e d i t a g a n n s t t h e s u m s s e c u r e d b y _ __
<br /> : ; this Security lnswmeat. .
<br /> � � � ` 3.Applfcation of Payments.Unless applicable law provides otherwise.aU payments rereived by Y.endes under parugraphs . . - - - .;�_
<br /> ' . .��� ��y 1 and 2 shall be apptied: first. to any prepayment charges due under the Note: second, to amounts payable under paragraph 2: . • • .._-..
<br /> • . � .'! thirci.to intecest due:founh,to principal due;and last,to any late charges due under the Note. ..
<br /> .. .:,.:•..
<br /> ' A.Charges;Liens. Borrower shall pay all taxes,assessmenu,charges, fines and impositions attributable to ihe PropPrty � • .
<br /> � � � which may attain priority over this Security lnstrument, and leasehold payments or gronnd rents. if any. Borrower shall pay •
<br /> � � these obligations in the manner provided in paragraph 2,or if not paid in that manner,$omower shall pay them on time directiy � . . .,
<br /> • ' ' to the person owed payment.Borrower shall promptiy fumish to Lender al{notices of amounts to be paid under this paragtaph. , .
<br /> � � . If Borrower makes these paymenu directly.Borrower shall prompily fumish to Lender receipts evidencing the payments. , . .
<br /> ' - Borrower shall promptly discharge any lien which has priority over thls Security Instrument unless Bonower:(a)agrees in .. •
<br /> � writing to thc payment of the abligatidn securod by the lien in a manner acceptabte to Lender:(b)wnt�>ts in good faith the lien . , :
<br /> .. � by. or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion opera[e to prevent the �
<br /> • enforcement of the lien: or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
<br /> � . `. this Security Instrnment. lf Lender determines that any part of the Property is su�ject to a lien which may attain priority over �
<br /> ' . this Security lnstrument. Lendcr may give Bottowcr a notice identifying thc lien.Borrower shall satisfy the lien or take one or .
<br /> - more af the actions set forth above within 10 da}s of the giving of notice. . •
<br /> Form 3028 9J90 • : � .
<br /> ' Pago 2 of fi ' .
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