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<br /> . . �j • TOGE1�iER V1►TfH all the impmvemeuts now or hereafter erected on the property.and all easements.aPP��•� . . , :
<br /> funues now or hereafter a part of the pmperty. All ceplacements aad additioas shaU also be covered by tl�is S�uritY � .
<br /> • ". Insuument.All of tke focegaing is referred to ia this Seaulty�as���P�Y•� � ; , �
<br /> BORROWER COVENANTS that Borrower is lawfiilly seised of the estate hetebY conveyed aad has the cig6t.to grant�d � .
<br /> ` wavey the Property aad that the PropeztY is uaencumbered.exo�t for encumbranor8 of record.Boriower wa�rants aad will .. - : . .
<br /> defend geueralh+the afle to the Pcoperty against all claims and demiands.subject w arry�cumbrances of reooM. .
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<br /> � THIS SECURITY INSTRUMENT combines uniform covea�us for nadonal use aad nfln-uaifoim oavenants with limite� •;t
<br /> ��.� " '�:i vsti�flns hy ju[isdit�ioa to Consdtute 811nifo�sCCUllty'nctmm et ooveeing ieal PmPertY• �i ` _. : :<` �`
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<br /> . , � � ZJNIFORM COVENANTS.�orroweraad LRnder� ond Late�Cha gc9°Borrower shall pmmptiY PaY when due th� .. . •'u° �,_,
<br /> _ _�:i 1. R3yment of PeindFal aud Ynteres� Pre�Ym and late charges due imder the Note. _ . _ _ -
<br /> au
<br /> the Note and anY P�P�t �; � -�-
<br /> - = principal of and'mterest aa the debt evidenced bY -
<br /> . 2. F'ands for Tages an d I a s�a n o e.S u b 3 e c t t o a g p l i c a b l e l a w o r w a written waiver by Lender, Bom�wer shaII pay w
<br /> r Lender on the day monthlY Faymeffts are due under the Note,until ttte Kote is paid in fiill,a st�m('Funds°?for:(a)YeartY� ' �, ; �
<br /> - ` and��ame±±r�which maY attaia Prtority over this Sec�rIty tnsuument�s a lien oa the Pmper►Y:(b)YeaztY teasehold paymenls . ..
<br /> msurance P�cmiums:(d)YeartY 8oad insL.�++�premiwns, , .., ,
<br /> � or gcound reats on the ProPertY,if a�Y;(a)Y�Y b�or prapaty' sc
<br /> . if aay, (e)Ye�iY�SaP��Oe p���if aay;and(�aaY so�FaYable hy Borrower to l�ender,in acar�dance wid► . .:
<br /> � the provisions of paragraph 8,in liea of the payment of mortgage ins�rance premiums.These items are called'Fscmw Items.' ,.. .'s:s_.,.";
<br /> � �,�der may,ae au}r time, oollect and hold Funds ia aa amoimt aot w exneed the maaimam amount a Iender for a federallY ' . `,�-
<br /> . telated mortgage loan may�cNire for Borrower's e.asrow accouat rmder the fedeial Reai Fstaie Settlemeat Piaoedntes Act of ;._ ; �•:. :,.---.
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<br /> 1474 as amended from time to time, 12 U.S.C.Sectlon 2601 et seq.('RESPA7.unless another law thai agplies to the Funds .,.. ,r'��_
<br /> � ' �`; sets a lesser amount.If so, Lender may,at anY time,collect and hold Funds ia an ammmt not to exoeed the lesser amaum. ::�s,r_--_
<br /> • � Lender maY�pmate the amount of Funds due on the basis of auient data and reasona6le estimates of expenditures of fimue . '...��-
<br /> ]tc�ble law. :`•.�,, ��•; ,---
<br /> � Escmw Items or otheiwise in accordance with app' insmimentalits►, or eatitq - . . -- --
<br /> � � The Fnnds shaU be held ia an�on whose deposits are insnred bY a federal aSencY, 1 the F�mds w pay the � . ` �
<br /> . . .. � - {'mctudin$Lender.if Lendec is such an insdmtioa)or ia auy Federal Home Loan Bank.Lender sball aPP Y ._ _ - --
<br /> �Y�Y�S the escrow acconnt.or :
<br /> , _ _._ Escrow Items.Lender may not charge Borro�rer for tiold"mg and applyIng the Fmids, ... --
<br /> '. : verifying the Escrow Items,unless I.ender pays Borrower interest oa the Funds and applicable law petmits Leader to make sucb ;��' �Jw
<br /> Bmrnwer to a one-time d�arge for an indepeadent�a1 estate tax reportmg service _
<br /> a charge.However, I.euder may reclui�e P�Y �s made or '"
<br /> '��('�.; used lry Ixnder m coanection arith this loan, unless aPPlicable law pmvides oihecwise. Unless an agceement � . •- .�.:�,r„t,:i
<br /> . ... . •'. .: applicable law regaires iatetest to be paid,Lender shall not be required m pay Borruwer a�+intetest or earnings on the Fnnds. • ,..a.�� .,-.�._
<br /> : ���
<br /> Bouower and Lender may agree in writlaS,however.that interest sball be paid on the F�ds.Lender shaU give to Bocm�ver. :}; �,_.
<br /> - ' without ct�arge, aa annual accounting of the Fnnds,showing credits aad debita w the Fnnds aad the pmpose for whicdi each v _
<br /> - . . � debit to the Funds was made.The F�wds are pledged as addiaonal sec�aity far aU sums secured by this Securtty Insaumen�. ` .`--_
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<br /> I f t he F u n d s heM b y Lender esceed the amounts permmed to be heid by applicable law,Lender sbaU accouat to Bormwer ..�„:-.,�,.�_
<br /> •� , �' f o r t h e excess Fuads ia accordance with the requirem�us of appticable law.If the amoamt of the Fuads held hy L$n der at any L,. �.; —
<br /> � time is not suffccient to pay the Escrow Items whea dae,I.ender may so notify Borrower in wrl t i n8.an d,i n s u c h c a s e B o r r o w er •��:��^
<br /> �1 P a Y w Lender the alnount necessary to make up the deficlency.Bonower shall make up the def ciency ia no more thaa . . :•'•��'
<br /> . � '-•,; tweive montWY Paymeats•at Lender's sole dis�retien. '�,�"�`.
<br /> _ _ . , .. vpon paym�at in fuU of all svms secured D3+this SecuritY jnstmaient, I.ender shall pmmptiy refand w Bormwer�►y �M1�� �
<br /> -- � F�mds held by Leader.If,under paragraph 21,Lender shaU acquire or sell the Property.I.ender,prtor to the at�quisit'soa or sale . :-�:
<br /> ' of the Property,sha11 apPly any Funds held by Lender ai the time of acquisitioa or sale as a credtt against the sums secured by . ';•;,�;�,
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<br /> ` � ' this Security Jnsavment. ta received b Lendes uader paragtaphs .�, ,--`:'
<br /> �` 3.AppHcatt�oi Paymeats.Un�ess appl£sable law pmvides oiheiwise,all paymen Y � �:',:�
<br /> ' - 1 and 2 shall be applied:firs�.to anY P�P��t charges due under the Note:second.to amounts payable under paiagrapD 2: �:.y�,•
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<br /> � third,to interest due;fourth,to prjnclpal dne;and last,to aay latc cl�arges due under the Note. , ::�_�:
<br /> ere.
<br /> . 4.C1�arges:Ueas.Boaower shall pay aU taxes,assessments,charges,fines and impositions attributable to the PropertY . .�+�--,
<br /> � � � which a�ay attain prlorlty over this Security lnsaumenb and leasehold paymenta or graund rents,if aay.Barrower shall pay � ,:. _3.-
<br /> . these obligations in the manner provided�n paraSraph 2,or if not paid ia that manner,Borrower sball pay them on time directlY _ . -_
<br /> ' .' ' to the person owed payiaent.Bom�wer shall promptly famish to Lender all nottces of amounts to be paid under this DaraBcaph• �' :..�:
<br /> ne
<br /> ' lf Boaower makes these payme�►is directlY.Borrower shaU prompily fumish to Lender receipts evidencin�the payments• :
<br /> �• Bonower shall promptly discharge aay lien whicb has prtority over ttds Security Insuument unless Borrower:(a)ag�es i� .
<br /> • � writing w the payment of the obligation secured by the tiea in a manner acceptable to Lender,(b)contests in guod faith the lien . . ...
<br /> . by, or defends against enforccment of the lien in, legal pmceediags which in the Lender's opinion operate to prevent the .. • . .
<br /> enforcement of the lien;or(c)secures from the holder of the lien an ag�ceement satisfactory to LEnder subordinating the lien to
<br /> � � . this S�uriry lnstrument. If Leades determines that any pzsc of the Propercy is subjea to a lien which may attai�priorlty over
<br /> � � ' this Sec�rlry Instnunent, Lender may give Borrower a ncr.�e identif}ring the lien.Bm�wer shaU satisfy the liea oz take one or : .
<br /> more of t6e actions set forth above witbin 10 days of the giving of noucc. . �
<br /> . . Fotm 80 9/90 • � .
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