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<br /> ` .. 's ' TOGEI�iER W1TH all the imprnvwnents naw or he�e�.rood on ttK property.ancl all easement�.apparteaances.and . - : ..
<br /> , � �-} fn�aues nnw or hereaftes a pait of the Propett9. Ait replacemems and additions sGaU aLso be oovered by this Security . . .V`-1 :
<br /> , � '� Iastcumen�All of the foiegoing is refeaed ta in this Secaritp Inst�ent as the°PmP�Y•° ` :-• `�
<br /> , BORROW�R COVENANTS Wat Boimwer is lawfally seised of tbe es�ate heteby comreyed and Iras the right to gtant and �.
<br /> �� �,-` � : -
<br /> -- .- t�� com�ey the Propecty and that tbe Pmperty is�eenc�bend,eacePi for encamb�amces of record. BaTrower vvaaams and will :
<br /> defend generalty the title to the Pt+aperty agains�t aII claims aad demands,sabjecx to any encombranc�s of record.
<br /> �.. , TfIIS SECURITY INSI'RUMENT combines uoifomi cavenanu for nado�el nse and non-anifomm covenants with limioed � :-_ �_ ,
<br /> variations by jatisdicxion to coastitute a anifoan security iasu�covezing real property. a � .�'� •
<br /> `� UNJFORM COV�TANTS.Bornnwer and I�nder caveffiat and agcee as f�llows: �, r.'
<br /> i.P a y m e n t o f P r j n d p a l a n d I�d�k P r�a Y n i�t s u d L 2 t e C t�g e s. B o r r+o w e r s h a l!p r o m p d y p a y w h e n d n e t T i r �-
<br />�r `<,,,�..,� ' �., �al of a��t oa the debt evideaced by the Note and atty pr.�g.�ent and late charges due ander the Note. - _;-�
<br /> K ,, � �.Fan�s�z Tages and Inst�anee.Snbject to applicabte hw or to a wriuen waiver by Lender, Bonower shall pay w . �-f �
<br />` ` I.ender on the day monthly PaYmcnts a�dne nnder the Note,until the Note is paid in fall.a svm("Funds°)for.(a)yea�dy daes . �� '�--�-
<br />_ .�.� and ass�wl�ich may attain paority over this Security lnstrament as a 6en on the Property:(b)Yeady Ieaseho2d gayments ' '. ,^�T.
<br /> � • or grouad zetus on the Pmperty.if any;(c)9�Y���P�l�n3+�`�P��:(d)yearl�►8aod insarance psemiums. . -
<br /> .� if anY;�e?Y�Y��Se insorance pre�nituns,if any;and(�aay swns payabte by �orcower w Lender,in aa;ordance with . `
<br /> .,•.
<br />-4 , - _ the grovisions of P�S�Ph 8.in lieu of the payment of mortgage insu�ance premiums.l]iesc items are calted°Facrow Items.' .. '
<br /> Leader may,at aay time, wltect and hald Funds in an amoant nnt w exceed the maxlm�amouni a lendrr for a federeUy , -t,, _
<br /> .� � tetateci mortgage toan maq regnire for 8ormwer's esccow account under the federal E�raf 6s�tate Settlement Procedures Aa of . . . _
<br /> 1974 as amended from time ta time. 12 U.S.C.Secdon 2601 et seq. ('RBSPA').uWess another law that appiies to the Funds -:- . �`-=�'
<br /> , . , sets a [e,sser amount. If so, Lender tnay. at aay time.coltect and hold Funds ia au amouni nat to eaceed the tesser amouat. ' ;':�
<br /> . � ' �. Leader may estimate the amauat of Funds due aa the basls af cu�sent data and reasonabte estimates of expeaditiues of fature . .,�,,�::�
<br /> .. .� Bscmw Items ot athert�uise in accordancc wIth applicable law. . *t `' � �
<br /> . The Fvnds shall be 6eld In aa tastiatiou whose deposits a:e ins�ued by a federel ageacy. IasommentaUty, or entity - �r,�•.
<br /> -_ �� •: (incIuding i.eader.if Leader is�uch aa lnsdtution)or ia aay Federal Home Loan Bank.Lender shaU apply the Fands ta pay the . ��°'
<br /> ,; :,�,..
<br /> � �. 8scrow ltems.Leader may not c6arge Bornower for holding and aPP1Y�S.the Fwmts.anm�alty anaiyzing the escrow acconnt.or `�, . _
<br />- vecIfying the Escrow Iteras,w�ess Lsader pays Horrower iaterest on the Funds and applicable law pesmits Lender to make such ,, • _`:��
<br /> a charge.Hovrever. l.eader may mquite Bormwer w pay a one-time charge for an independent real estate tax reporting setvice . '�: 'i_�.-�-
<br /> . nsed by Lender in connection arith this loan. nnless appIicable law pmvides otherar�se. Unless an agmeanent is made or ��. . ---
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<br /> applicable law requires inie�est w be paid.Lender s6all not be mquired to pay Borrower any interest or earnings on the Fands. '�'����°
<br /> :��, Borrower and Lender may agre�in writing,however,that inte�st shall be paid oa the Funds.I.ender s�all give to Bomnwer, ' "�"£`
<br /> - • � without charge, an anaual acconnting of the Fands.showing credits and debits to the Funds and the putpose for which each ` :`;'.�'-
<br /> _ . debit W the Funds was made.The Funds are pledged as additional sec�ity for al!�vms secured by ttus Security In�. . --
<br /> . . ;c«,:.
<br /> , - If the Fands held by Lender exceed the amonnts permiuecl to be held by appticab2e law,Lender s6a11 account w Borrower . . - ;�
<br /> . • for the excess Funds in accordance with the requiremenis of applicable law. If the amouni af the Fands he2d by Lender at anq . ' •�:•��-`
<br /> . time is nnt su�cient w pay the Bscrow Items when due.Lender maq so nodfy Bonower in writung,and.in sach case Borrower :
<br /> :�--�
<br /> � , shall pay to Lender the amonat necess�ry to make up the deficiency. Boirower sbaU make up ctie defciency in no moce than • =_
<br /> . ... twelve monthly paqments.at Lender's so2e discretion. ": --
<br />' , � . Upon payment in fiill of all sums secured by this Seciuity lnsuament, L�ndes shall promptly refaad to Bortower any . : .. _
<br />_ '� ° '. ,� Fr.�ds held hq l,ender.If,_nnder paragrnpb 21,Lender shall acquire or seli the Progersy,Ixader,prlor so the acq�i.�idon or sale � —
<br /> �� ' '` of the Property,shal�apgly aay Fansls he2d try Lender at the time of acqaisidon or sate as a credit against t6e soms secured by -
<br /> � tLis Secarity InsuumenG . �
<br /> : � - 3.Appllc�tion of PaymeNs.Unless applicable law provides otherwise.all payments aeceived by Lender nnder paragapl�s � ' : . .
<br /> . 1 and 2 shall be applied: first. W any prepayment charges dae under the Note:second,to amounts payable under paragraph 2; ''. . '
<br /> �• � � tLird,to Interest due;founh,to principal due;and last.to any late charges dne under the Note. . • . , '_=:.�,
<br /> . . . 4.Charges;Ueas. Bonower shall pay all taxes,assess�nents.c2�arges,fines and impositions attributable to the Property � . • �
<br /> � � wLich may suaia priority over this Security Instrument.and Ieasei�old payments or goand rents. if any. Boaower shall pay � � :
<br /> these obligadoas ia the manner ptovided in paragraph 2.or if not paid in that manner. Borrower shn11 pay them on time direcdy � � �
<br /> l;:'�� .. . � to the person owed payment.Borrower shall pmmpdy furnish to L.ender all notices of amounts to be paid under tvis patageaph. � � :• .
<br /> If Borrower makes these payments directly,Borrower sYa:l promptly fumish tv Lender receipts evidencing the paymenu. . ' �� �
<br /> ' Borrower shaU prompdy clischarge any lien wluch has priority aver this Secvriry Instrument unless Borrower: (a)agt�es in .. . � �
<br /> • ; wtiting to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in good faith the lien � , „ �
<br /> � � by, or defends against enforcement of the l�en in, legal proceedin�s whicb in the Leader's opinion operate to prevent the .. •. � �
<br /> � enforcement of the lien;or(c)secures from the holder of the liea an agceement sadsfactory to Lender suborclinating the lien to �
<br /> this Security Inswment. lf Lender determines that any part of the Property is subject to a lien wluch may attain prlarity over .
<br />_ � this Security lnstrument. Lender may give Borrower a notice iden6fying the lien. Hoaower shall satisfy the lien or take one or � • �.
<br /> • • . i mote of the actions set forth above within 10 clays of the giving of andce.
<br /> . .
<br /> - .. _ ; Form 3028 9/90 . . ' ' ..
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