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<br /> TOGFTHE;k W(TH�dl thc impruvcmcnts naw nt• hcrc:aficr crcctc�i on thc pruperry.and ull cu+rmcnt+. �ipp�utcniuicc�.and
<br /> fixtures nuw un c�rc:dtcr i� part uf thc pri�p�rry. �LII rcplacctncnts unJ udditioir, yh�ill al�u hc cuvrnd by thi� Srruriry
<br /> Instruntcitt. All uf tl�c G�reguing is rcl'crrcd ti�in thi+Security Intitrumcnt u+Ihc"F'rupeny."
<br /> �3QRROWER COVF:NAN'fS that Nrn�rowcr is liiwfully ,citicd��f thc r+tutc hrrchy cnnveycd iind ha, thc right tn grunt nnd
<br /> , .1 rrnrvcy thc Property und Ihac thc Property is uncncumbcrc�i,cxcept fur cnruwhrunc�� nf rea�rd. Hc�rrnwcr warrant,und will
<br /> Jcfcnd gcncrally thc tiUc to thc Pn,perry ng�,in.t�ill clninu unddcmund�. +ubj�rt tu any encumhranrc.uf rcrord.
<br /> ..:� THIS SECURITY INSTRUML'NT c�imbincx unifonn cu�•cnunts fiir nntiunul u+c iind nun-uniform cc�v�nuntti w�th limitcd
<br /> ° � vuriati��m by jurisdiction tu c�mstitutc a uniform�ccurity instroiiient cuvcring rcal property.
<br /> . �� UNIFORM COVENANTS. Horrowci•und Lcndcr cnvenant and u�:rcc ns (ullows:
<br /> 1. Puyment of Principul und Intcr�.t; Prepuyment nud Lete Chnrgcs. Qnrrawcr shull promptly puy whcn duc thc
<br /> prinripal of und intcrc,t on thc dcbt cvidcnccd by thc Notc und uny prcpaymcnt und Intc rhargcs duc undcr thc Natc.
<br /> 2. Funds for Tuxes nnd(n�urnncc. Suhject to applicahlc luw ur tn,� writtcn waivcr by IAndcr, Borrowcr shall pay to =
<br /> � I..ender on the duy montNly p:+ymen[s are due under the Nate,until the Nc�te iti puid in full, a xum("Funds"1 for:(n)ycxrly tnxes �;:;
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<br /> and iissetisments which muy anain prioriry ovcr this Security Instrununt as u licn an thc Proper[y;(bl ycarly Ieasehold puyments �;
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<br /> or ground rents on the Property.if any; (c)yeurly huzard or pmperty insurance prcmiums; (d)yeurly flaod insurance premiums, �_.
<br /> � if uny; (c) yearly mortgage insurunce premiums, if uny;und(f� uny�ums puyablc hy Borrawer to I.ender, in accordance with =_
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<br /> - thc provisions of paragr�ph 8,in lieu of the paymcnt of mongu�c insurance prcmiums. Thesc itcros urc cullcd "Escm�v Items." _
<br /> ; .� L.ender may, at nny time, collect und hold Funds in an amount not to exeecd the muximum amount n Iender for a federally �
<br /> reluted mongagc loan may rcyuire fur Bo�•rower's cscrow :.acmunt under the fcdera! Real F.st�te Sctticment Proccdures Act of �
<br /> 1974 us amended from time to timc, 12 U.S.C. 5cction 26o1 ei seq. ("RESPA"),unlcss another tuw that upplies to the Funds R.
<br /> sets a lesser umount. If so, Lender may, ut uny time. collec�und hold Funds in nn umount not to exeeeci thc lesser nmount.
<br /> _,,,,n;, ' L.cnder muy estimate the amount of Funds due on the basiti af currcnt dntu and reasunablc estimutes of expenditures of fuwre �:
<br /> ' Escrow Items or otherwise in accordunce with applicuble law. _
<br /> The Funds shall be hcld in nn institution whosc deposits arc insured hy u fcdcrul ugency, in.r•trumentality, or entity
<br /> � � (including Lendcr,if Lender is such an institution)or in any Fcderal Home I.aan Bunk. Lcndcr shall apply the Funds to pay the
<br /> '�1^' Escrow Items. L.ender may not churge Borrower for holdin�and�pplying the Funds, unnually unalyxing the escrow account,or -
<br /> ' �. �';'� verifying the Escraw Items. unless Lcndcr pays Borrowcr intcn:st on the Funds und upplicuble la�v pcnnits Lender to make such
<br /> - �"� a charge. However, l.ender may require Bonower to pay a one-timc churge for un indepcndent reul estate tax rcporting service
<br /> •"•,.,:s�'', used by Lender in connection with this laun, unless npplicublc Inw provides ntherwise. Unless an agreement is mude or
<br /> -��Cf-;�W, applicabie iaw tt:tjuiiii ii�Icic3i iu�'n�rZ�.'�.. �-.^.r.'�CT`::2:2l�.^.4Z h:rn.��,����.1 rn rs�y Rorro�ver nny intcrest ot carninAs on the Funds.
<br /> �:_�_;;a,`;�� Borrower and Lender may agree in writing, howevcr. that imcrest shull bc paid on the Funds. l,endcr shnll give to Borrawer,
<br /> T`. ..,�� • without chargc, an annual acrnunting of the Funds, showing credits und debits to the Funds and the purpose for which each
<br />__�r';,�'��._ debit to the Funds was made.The Funds are pleciged as additionAl security forall sums secured by this 5ecurity Instrument.
<br />-:_v��'�;� If the Funds held by i.endcr exceed the amounts Fermittcd to be held by npplicable law. L.ender shull account to Bonower
<br /> L'`=`-.��"'�m for the exeess Funds in accordance with the requirements of applicnble luw. If ehe umnunt of the Funds held by l.ender at any
<br /> R`'��� time is not sufticient to pay the Bscrow Items when due,Lender may tio notify Horrower in writing, and. in such case Borrower
<br />"'- -.•---.-- shall pay to Lender the arrtount necessury to makc up the deficicncy. Borrower shnll muke up the dcficiency in no more than
<br /> "''"�'''�'y'� twelve manthly payments,at Lender's sole discretion.
<br /> -;.;=;_:����. Upon payment in full of all sums secured by this Saurity Instrument, Lender sl�all promptly refund to Borrower any
<br /> Funds held by Lender. If, under paregraph 21, Lender shaU acquirc or scU thc Property,l.ender,priot to the acquisition or sale
<br /> v�— of the Property,shall apply any Funds held by Lendcr et thctimc of acquisition or salc as a credit aguinst the sums secured by
<br /> ----= this Securiry Instrument.
<br /> --'�'� 3.Applfcatlon of Puyments.Unless applicable law provides nthenvise,all payments received by Lender under parugraphs
<br /> ------�°-- 1 and 2 ahnll be ap�lied: first,to any prepayment charges due under the Note; second,to umuunts payubte under parngrnph 2;
<br /> third,to interest due;fourth,to principal duc;and lust,to any late charges due under the Note.
<br /> -=� 4. Charges; Licns. Borrower shall pHy all tnxes,asses�rr+ents,chargcs,fincs nnd impositions auributable ta the Propeny _
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<br /> -. -= which may attain priarity over this Security lnstrument, and Ieusehold payments o� ground rents, if any. Borrower shall pay
<br /> -��— these obligutions in the manner provided in paragraph 2,or if not paid in that manncr.Borrower shull pay them on time directly
<br /> ,� ro the person owed payment.Borrower shall promptly furnish to Lcnder n!I notices of umounts to be paid under this paragraph.
<br />,�:�,:.:� If Borrower makes these payments direcdy.Borrower shnll promptly fumish to Lender roceipts evidencing the payments.
<br /> -=-"'�`� Bortowcr shall promptly discharge any lien whicN hus priority over this Sec.urity Instrument unless Borrower: (a)agrees in
<br />--.,�y.,,�,�, writing to the payment of the obligation secured by the lien in a manner ucceptable to Lender; (b)contests in good faith the licn
<br /> =�*!�;��'°� by, or defends against enforcement of the lien in. Iegal proceeciings which in the Lender's opininn operate to prevent the
<br /> �'��' "u�.":���•� enforcement of the lien;or (c)secures from the holder of the 1 icn an agreement sutisfuctory to Lender subordinating tlie lien to
<br /> _ _ ••-_�w-
<br /> ° this Security Instrument. If I.ender determines that any pan of the Property is subject to a lien which may attain priority over
<br /> - �•;•�'� this Security Instrument, L.cnder may givc Barcowcr a nutice identifying thc licn.Borrowcr shall sutisfy thc lien or take one or
<br />_- • more of the actions set forth above within 10 days of the giving of noticc.
<br /> -� �
<br /> Form 3028 9/90
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