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<br /> TUG�THER WITH uU the iir�provcmcnt� now��n c�reafter ercc:teei on the pmperty.und all eutiemenu, appu „ t� �.,
<br /> ' fixture+ nu�v or hercufter u part of thc property. All replucemcnts und udditionti shull alsc� bc ruvcred hy this Sccuriry ,;,..�����•-
<br /> ;�" instrument.AU ul�he li,reguinb i+rcfcrrul ta in this Srrurity In�trument,is the"Pruperty." _. �,��.
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<br /> BORROW�R COVENANTS thut Borrowcr i.luwi'ully+ciscd c�f thc r,titutc hcreby convcycd and hu.thc ri�,ht tu brant nnd
<br /> '°""°"� convey lhe Property and that the Propeny is unencumhered, except for encunzbrances of record. Borraver wurrantti anci will 'j,���.—_
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<br /> defend generully the tide to the Praperty u�;uin�t ull rluims und demunJs,.ubject to any encumbrunces of record.
<br /> TH1S SECURITY INSTRUMENT cumbines unitium cavenunt.ti�r nutionul use and non-unitarm covenunts with lirnited _
<br /> vuriutians by jurisdiction tu ranstitutc u unifomi ticcurity instrument covcring rcal property. ,�;,,�„�
<br /> � UNIFORM COVENANTS.Bnrruwcr and Lender covenant and ugrce us fallows: When due the °-
<br /> ; 1. Paymcnt of Princtpal and Interest; Prepayment and Late Charg�. Borrower shall pramptly pay =
<br /> : principal of and interest on the dcbt cvidenced by the Notc and any prepaym�nt and late chargcs due undcr thc Note. �.:-�-.-
<br /> Z. Funds for Tuxey and Insurance. Suhject to applicable luw or to si written waivcr by Lender,Borrower shull pay to FF,_�
<br /> � Lender on the day monthly puymcnts urc due undcr the Note,until thc Note is paid in full,a sum("Funds") for: (a)yeurly taxes Y
<br /> ,,' and assessments which may uttain pric�rity over this Security Instrument as u lien on the Property:(bl yearly lea+ehold payrnents �_._
<br /> ��'. or ground rents on the Property,if any;(c)ycarly haxard or property insurance premiwns:(d)yeurly flood insurance prcmiums. __
<br /> Hl• if uny;(e)ycurly mortgage insurunce premiums, if uny:and(n any sums payable by Borrrnver to l,ender, in uccordance with _ _.
<br /> the provisions of paragraph 8, in[ieu of the puyment af mortgage insurance premiums,These items ure called "Escrow Items."
<br /> �� Lender may, at any time, cc�llect und hold Funds in an umaunt not ta cxceed thc maximum amount a lender for :.i(ederally _ __
<br /> related mortgage loun may require for Borrower'+escrow acrount under the federul Real E�tute Settlement Procedures Act of _'-_�
<br /> �' 1974 us umended from time to time, 12 U.S.C. Section 2601 e�s��y. ("RESPA").unlcss unothcr law that applies to thc Funds _
<br /> sets u Iesser umount. If so, L.ender muy, at uny time. collect und hold Funds in an amount not tc�exceed the Iesser amount. ��;---
<br /> Lendcr m.ry estimute thc umount of Funds Juc un thc basis of current duta and reusnnahle cstimates of cxpenditures o( fuu�re �,._____
<br /> r Escraw Itcm�ar nthcrwisc in uccorduncc with applicable IAw. ' __
<br /> • ` ' The Funds shull be hcld in an intititution whose deposi[, ure insured by u fcderul agcncy. instrumentality, or entity �_�
<br /> (incluJing Lendcr, if Lender is surh un institutinn)ur in any Federal Homc L��an Bank. L.cnder shall upply the FunJs to pay the
<br /> � Escrow items. Lender muy ncit charge Borrower fur holding und applying the Funds,annually analyr.ing the escrow ucmunt, or
<br /> verifying the Eticrow ltems,un�es�:Lendcr puy�Bonuwc� ii�t�r��t an thc Furds snd sFr^.Ilcshlr law perrnitti Lender to nmke such -
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<br /> � a chargc. Howcver, Lcndcr muy require Borrower to pay u one-time rhurge for an indcpcndent rcul estate tux reporting scrvice
<br /> �` used by Lender in ccmnection with thi� loan, unless applicuble law prirvides othenvi�e. Unless un a�reement is mack �r
<br /> upplicablc law requires interes[ta be paid. Lcnder shall nut hc rcquired ta pay Borrowcr any interest or earnings on the Funds.
<br /> Borrowcr and I.ender may �grce in writing. hrwevcr, thut intercst shall he paid on the Funds. I.cnder shall givc to Borcower, —
<br /> .. withouc charge. un annual accc�unting uf the FunJs, sho�ving rredits and debits tu the Funds and thc purpose for whi�h each -
<br /> � debit to the Funds was mude. The Fundti are pleJgrd as additional security for ull sums secured by this Security Instcument.
<br /> If thc Funds hcld by Le;nder exceed the amuuntx permittcd to be held by applicable luw, L.ender shall u�count to Borrower
<br /> for the excess Funds in accorJun�e with the requirementti nf applicable luw. If the amount of the Funds held by[.ender at any
<br /> � time is not.ufficient tu pay the Eticrow hcros when due.I.ender muy sa notify Barrc�wer in writin�;.und, in such casc Borrawer
<br /> shaU pay lo Lcnder tlic amount necessary to mukc up the deticicncy. Burrowcr shall make up the deficicnry in no morc than
<br /> "' ' twelvc inonthly payments,at I.cndcr's sole discretion.
<br /> • Upon payment in full uf all sum� xcured hy thiti 5ecurity Instrument, l.ender shall pranpUy refund to Borrower any
<br /> Funds held by Lender. If,under para�:raph 2I. I.enJcr chall ucyuire or sell the Property. Lender, prior to the acyuisition or sale
<br /> of the Prnperty, shall apply any�und�hclJ ny Lendcr at thc timc of ucyuisition ur tiale as x credit againtit the sums secured by
<br /> ; this Sccurity Instrument.
<br /> • 3. Appllcution of Puyments. Unlcss npplicablc law prcvidcs othcrwisc.all paymcnts rcrciveJ by Lcndcr unJcr paragruphs _
<br /> , 3; I and 2 tihall be upplied: tirst.to xny prcp.rym�nt�hargcs due undcr the Note; acconci, to anwunts puyablc undcr puragraph 2; _
<br />' � �IE third.tc�intcrest duc; ti�urth, ta principal Jur:and last.to any latc rharges duc undcr thc Notc.
<br /> � � � � 4. Chur�;es; I,iens. Borrowcr �hall puy all taxcs.assestimcnts, charges, tines �nJ impo�ition�attributable to thc Property
<br /> . which may attain prioriry ovcr this Sccurity In.trununt, and Icu�chold paymcnts or grciund rents, if any. Borrowcrshall pay _
<br /> thcsc ohligutions in the m�nncr pruviJcd in puragraph 3,c�r if not paiJ in that manner, Bi�rmwcr shall pay thcnt on timc dircctly !
<br /> to thC pC�titm owed p:rymcnt• Burrowcr>hall prc�mptly I'urnish to Lrndcr all nc�ti�cs of amount.tu bc paid undcr this paragraph. `
<br /> If Borrci�ticr makcs thcsc paymcntti dircctly.Borruw�r�hall prc�mptly furnish to Lcndcr rcrcipts cvidencing thc paymcixs• � '" _
<br /> Burmwer shall prnmptly Jiuhargr any licn which hay priurity over this Security Instrument unleti+Barruwer: (ala�rees in �=__
<br /> writing tn thc paymcnt of thr ohligation scrur�d by thc lirn in a manncr arrcptablc t�,LenJcr: (b)cuntcsts in g«�d taith thc licn �–.— _.
<br /> � hy. or dclrnJ� again,t cnf��rccnunt uf thc licn in. Icgal pn,cccdin�.r which in thc I.cndcr'} upini�m uperatc tc� prcvcnt thc •;:r''�-_,_—
<br /> cnfc�rcrnknt uf thc lirn: ar(cl ticcureti from thc holdcr uf thr licn an agmemcnt tiati�factury tu l.cndcr+ubordinating ihc licn tu .
<br /> this Sccuricy In.trumrnt. [I'Lcndrr drtrrminr.thut uny part cil th� Pruperty is tiub,jcct tu a li�n N�hich may attain rriority c�vcr T
<br /> this Src:urity In.trumcnt. LrnJcr may gi�•c t3urruwrr a nutire iJcntifying thr licn. Bi,rrc�wcr tihall �:ui�fy thc lici�ur �akc unc or
<br /> murc ut�thc arlioti�xrt li�nh alx�vc�tii[h1n 10 days c�l�thC glving uf nolirC.
<br /> Form 3028 9/90
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