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<br /> � ' . now or hereafter eretted oa the pmperty.aiW��ye��s�.ab'ppum'n�•� � , ',' t `
<br /> • , ; TOGEITiER W1TH al!the im�pmvements ; . .
<br /> EI ER
<br /> fixuues now or bereafter a part of the praperty.All ceplacements and addiaoaa shall aLso be covercd by this Secauiry Insmime�. .
<br /> �� All of the foregoing is refernd w in this Seciuiry Iasm;meut as the�ProPertY•� � , ,
<br /> . �:.,� BORROR/ER COV@iANTS that Borrowa is lawf�Ily seised of the estate 1�etebY
<br /> conveyed and has the right to grant and � ` `
<br /> - �-- convey the Property and drat the Propercy is�meac�bered, exc�Pt for encumbr�of recard. Borrower warrants and w�l � •_.�;::.�, , '_.' y--' .
<br /> �`"' `� ali clam�s aad dunands,sabjea to an5+enc�h�aac�of recard. � ``
<br /> the title w the Property agaia�t f
<br /> defend geaerally �,
<br /> T HI 5 S E C U R i T Y IN S T RUNIENT oambiaes�form covenants for ffational use and nonimiform covem�ats with limited f .
<br /> , , �hY l�dicdon w c�tz a unifotm securiry instrrm�ent coveiia8�P�P�3'• . . - ' - .
<br /> = UNIFORM COVENAN'd'S.Bormwer and I�eader cove�ant and agcee as follows: _ . -
<br /> and Iuteres�Pre�yme�and I.ate Chasges. Boaower shall pcomptiY PaY when due tho _ . . :.
<br /> � ' _ 1.Payment of Prtndpa� cs , : .
<br /> . principal of and i�terest on the debt evidenced D3►the Note and anY P�Y�and laie chuges dne uader the Note. ' • '...•�,�_
<br /> Z.Fands for Taxes and Insarance. Subject to applicable law or w a wriueu waiver by iender. Borrower sbaU pay to , � •`_ �,-•�',
<br /> � Lrender on the day moath1Y PaY��due under tbe Note,untit the Alote ia paid in fiill.a sum(°Fimds")for.(a)yearly taxes .. � '..,��_'."_
<br /> (a)Y�Y leasehold paymeuts : �_ <-.:
<br />� . ��' and assessments which may anain Prlarizy over this Se�itl►Ins�uu�as a liea oa the Prapeity; ,
<br />�: � or gm�d rea�on the Property.if any;(c)YeazIY t�ard or propeity ins�nance Prem�m�s;(�Y�IY�ood m�_�pre.miums,if ' .4.. :..'_�-��,`.:
<br /> i any;(e)Yeaz1Y mortB�Se msurance Premiums,if anY:and(�aaY at�v Fay�b�hY�nower to L e s d e r.in accosdance wlth the . .� _
<br /> � p�vi�ons°f patagraph 8, ia liea of the payme�of mortgaSe Insuranoe Premiums. Z7�ese items are called `Escrow Items.' ,� _ a_
<br /> � '` �r may,a i a a y t i m e,c o l t e c t a n d h old Ftmds in an amrn�mi nnt w eaceed the ma�riu�m amount a Iendes for a fedetalty related _
<br /> `,i;� .Y=
<br /> ' ..rv1 Act of 1974 as , . -; .���
<br /> ; .� ��e���y�quine for Barrocver's escmw account uniler the fedcial Real Fsmte Seulement Proce�ures ' .--r—-.--':;.
<br /> amended fmm time m time. 12 U.S.C.Section 2601 et seq. ("ItFSPA').uatess aaather law tbat aPPlles W the Funds sets a Iesser
<br /> �' amnant. If so. Lender may, at anY time, collect and hold Fuads in an amaaax not w exceed the lesser amount. I.ender m�Y �'-
<br /> �.��
<br /> � estimate the amnuut of fimds due on the basis of w.rrent data and reasonable esttmaus of expendiwres of fuwre Escrow Items or ' . .'� z_�a._
<br /> � •�. wIttt llcable 1aw. ,'�'""�`rY.:_.'
<br /> othecwise in accordance aPP
<br /> '!he Fuads shall be held in an�on wflose deposits are in�cted by a federN agen+.7►.insu�men�+•���5►f�� , '.�;�:';�,��.�.'..��,.4i'..�`_-f
<br /> _��8;:
<br /> � � � � Lender,if Lender is such an institution) os iu an}+Federal Home Loan Bank I�nder stiari app1Y the Fuads w paY the Fscrow ; :`�',.�.•,�j`_
<br /> �� Items.l,ender maY not cbarge Borrower for holding and applyiag the F�mds,amm�allY analYz�g the escrow accauat.or verifying _;-,'�t_:4;;-.
<br /> tbe Escrow I€ems.un2eas Ixudet PaYs Borrower huerest on the Fands and applicable law petmiis I�ndes w make stuh a�harge- . � ' ,T-J_;-u.
<br /> � �� nt rea}e.state tax reposdaS "�, -
<br /> servicc used by ..•:}r �t�''::�=
<br /> Hawever.I.ender may require Borrowes m pay a one-tIme c�ar8e for an independe ••�-
<br /> . . l.eader ia connecdon wIth this 1oan.�mtess applicable law provides othe�wise. Untess an agreement is made or applicab2e law . '�� ��;-.,�___
<br /> � :-�e,p.:,--
<br /> sequires interest tv be paid,Ixnder ahall not be required to pay Bonawer airy interest or ea�a�gs°Boaower,withoat cha:8t.an � � �:` �.: a�:
<br /> . Lender maY a�ee�n wridug+however,that intcrest al�aali be paid oa�Funds.Lender sLall Sive . .. . � w;;_;:
<br /> 1
<br /> ' anm�al accounting of ttie Fw�ds.showhig ccedits and debits w the F�and tHe pu:pose foz which each debit w the Punds was ;;��?'
<br />� � made.The Fimds are pledged as addtdoimi seaairy for all sums seciaed by this Secuiiry tnsu�ent. � ��-��'
<br /> . 1f the F�mda held by I�endec exceed the amoimta Fermitted to be held 6Y aPDlicable law.LEnder sball account w Bormwer for _.'��;�!s-
<br /> of Hcable taw.If the amauat of the Fnads held hy teader at a�+time is . � �`,
<br /> the excess Funds in accordance with the requirements 8PP � ; �.;�"�`
<br /> not s a f f i c i e n t w pay t h e Fscrow Items when due.Ixnder may so notify Bonower ia writmg.and.in sach case Borrower shaU pay . • ;��-.;..:
<br /> '�_Y��•Jr�_
<br /> � to Lender the amount necessazY to make uP the deficiency. Borrower shaU make nP the deficlency in no more than ta+e ive ,. :., .�,..
<br /> , �_
<br /> , . . �oathlY PaYments•at leader's sole discre@oa �T sl�all promptly refund w Boaower azry Fuads � � -�,;;
<br /> . UP�PaYment ln fiill of all sumg secaued bY this Securtty Iasuvment, rior w the acqnisidoa oz sale of the ': • :�°.
<br /> held by Lender.If,uader paragraPh 21. Le�tdes shall acquire o:seU the Properry,lrender,P `:; •. " . � :.
<br /> _ - ; ;+� p�P�y.�h�ll app1Y any Fuads held by l.ender at rhe time of au�uisition or sate as a credit agaiavt the awns se�aued by tbls . ; :_',
<br /> � � � .'S S�ty�IIt' p receivrd by Lendes under Daragrapbs • ,
<br /> 3.Appueatton of Pays�ents. Unless applicab2e law rovldes othetwise.all payments �'°"���•
<br /> - . � 1 a n d 2 s l i a ll b e app ll e d: f u s t.w aa Y P=e P a Y u t e n t�La��ea due under the Note;second,to aanoimts PaYab2e uader para�aph 2. . , ,
<br /> third.w iaterest due:foutth.to PrinciPal due:a n d l a st,w a�r]a t e c h a r g e a d u e u a a e r t h e N o t e. , � . �;
<br /> , 4.Chasges.Uens. Borrower shall paY all taxes. assessments. charges, fines and impositians att�ibutable to tLe PropertY _ r
<br /> • wh3ch may attain prioriry over th9s Securiry Iaguument.aad teasehold payments or grotmd renis.if any Borrower shall pay these . . �
<br /> . obligatians in the manner provIded in paragrapb 2.ot if not paid In d�at manner,Bormwer shall PaY them on dme dire�ly to t�e . . . .
<br /> persaa owed payment. Boaower shall promptiy fumish to Lender all noflces of amounss w 6e Paid under tl�s paragraPb. If .
<br /> Boaoaer makea these payments direcdy.Borrower shall promptty tiunish w Lendec receipsa evldencing the payments. . .
<br /> : ; Borrower shall PromPd3'discharge a�r lien which has priorlry over tl�is Security iasttument unless Borrower: (a)agrees in �. .
<br /> • • wridng to the payment of the abligadon seaued by ti�e llen in a marmer acceptable to Lender;N)contests 9n good faith the lien - - -_ ---
<br /> �. � by, or defends against enforcement of the lien in. legal proceediR;s which in the Leoder's opiNon operate to Drevent @te , •
<br /> i enforcement of the 1ten:or(c)secures from the holder of the llen an ageement satisfactory w l.cnder subozdinating the llen w
<br /> ; thiy Security Instnunent.If Lender determiaes that an3+Dart of the Property is subject to a lien which may attain prioriry over this .
<br /> 1 gecuriry Iaswment, Lender may give Boaower a notice identlfying the lien. Boaower sball satisfy the lien or take one ot more
<br /> + of the ucdons set fonh above within 10 days of the giving of nodce.
<br /> . Form 3�$8 9�'90 . �
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