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<br /> . . 'tOGhTHER WITH all the�mpravements naw or hereafter e�ected oa the pmperty.and all eas �.a�purtenances. � _ . .
<br /> . fixtures nuw or hetraRer a part of the property. All reptacements and additions s6all aLso 6e cmreced by this Secnriry .. ,
<br /> ��• In�ent.AIl of the fotegoiqg is refened to in this Seca�nity Insumneat as the°Pmperty.' , �
<br /> iQ
<br /> ` � ' BORROWBR COVBNANTS that Boirower is lawfiilly seised of the eslate heceby wmreyed and Las the right to giant and : ..
<br /> � � comrey the Ptoperty and tbat the Proi�ertp is�ensumbered,except for enctmmbiances of record. Bonawer watranrs and will � ,. . '
<br /> . . -- - =-� defend generallq�he ade co�he Prapert5►aSainsc all claims and demsnds,subject w aay encumbiances of record. . - - �- - ��
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<br /> - , _ -- - 'TFIiS SECURiTY IIdSTRti�+IEA3T cambiacs�mifomm wvenants for natioaal use and non-unifiun cavenants with timited --- -_':�"��.`.- ;'°
<br /> 1` � : vaziadans by surisdicoion w constitnte a anifoun secmity insuuwent cwering�al propertlt. .
<br /> - �.>.., �,;.
<br /> � �'` iJNIFOItM COVENANTS.Barrower an�l L.easter rovenant and agtee as follows: �- ,
<br /> � � � i. ra��t ot rrmdp�ana r�e�t; Pc�aym��a t,�re ct,a�. Bomower shall pmmptlY PaY when dne the .. , .
<br /> ' .• , principal of and interest on the debt evidensxd by the Noffi and a�l P�9m�and Jate char8es due ander tHe Note. _.
<br /> . 2.Fmnd4 for Ta�es and Insmsnce.Sabject w applicable law or to a wriuen weiver by Lender. Bonower sl�all pap to � • :;:,.
<br /> ' � . �.• " L,ender on d�day monthlq PaYments are dne andet the Note,uni�We Note is paid in fn11.a sam(�Funds°)for.(a)Y�Y� .''� . ° .
<br /> L ende ,�=;_'
<br /> : '_ � and as�ents wluch may attaia priority ov�tbis Sec�ity Inst�aent as a lien on the Propertq;(b)YeaziY teasel�nld payments ._ �; ___
<br /> or gconnd�nts on the PtopertY,if anY;(�)Y�Y�or pmperty inc�rmn�a��;(�Y�Y 800d insuiancx premiums, : �- r".•_ '`
<br /> • if aay;(e�ye.a�Y mortgage�s'��Premiums,if anY: aad(�anY svms Payabte by Bor�uer co L.euder.in accordance with , ,✓�,-
<br /> _ the pmvisions of garagraph 8.in li�of the payment of mortgage iasnraace preminms.These items aie caUed'Fscrow Ite[us.° - �_ _-
<br /> � L.ender may, at any time.collect and hold Funds in an amonnt not to exceed tlie ma�timam amonnt a Iender for a federalty . --
<br /> • •'�, related mos�gage 2oan may requine fo�Bomnwer's escrow accaant ander the fedeial Real Estate Settlem�ni Procedo�s Act of -;�, _. --
<br /> � � 19T4 as amended fcu�n time to time, 12 U.S.C.Section 2601 et seq. (°RESPA°),imIess another law thaF applies w the Punds '. -�`—
<br /> • ,` ;. sets a lesser amarmt.If so, Ixnder may,at anY t�e. coUect a�d bnM Funds in an ama�nnt not to exceed the lesser amaani. . `;:��
<br /> " • �- Ixnder may�strma�the amanut of Fands dae oa tLe basis of c�nent data auQ�easanable esumate.s of expeadiwnes af futtue = .-. �,�r�
<br /> `'. . �" "` Bscmw Items or othelwise in asxordance arith agplicable law. ` ' --
<br /> � � The Funds shall be t[eM in an institution whose deposits are iamred by a f e d e r e l agency. insmnne n r a t i ty. o r e a ti t y . � :-.
<br /> � - - (inctading L.ender.if L�ender is snch an institudon)or in atry Federal Home I.oan Bank Lender sl�all applq the FQnds w pap the } � '.,--
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<br /> - . ; - Escrow Ite�ms.Lender may not charge Bormwer for holding and applying the Funds,annuaUY�Y�B�escruw actoupt.or v �``�_�:�..:,:.
<br /> s . � �� � verif�ring the&crow Items,�less I.ender pays Bosower iatere,st on tl�e Funds aad agplicable law pem�its I.ender to saake sach �' . -
<br /> ` � .�� � a ci�aarge.However.Lender may require Bosrower w pay a one-time charge for an independent real estate tax repordng semice :��• :��.�_�'°'��
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<br /> ' � �: used by Lender in oonuection with this toan. unless aPPlicable law provides oihe�vise. Unless an agceement Ls made os �'
<br /> � �•;,�-�,:...
<br /> ' ' appl�sable law�equises intemst w be paid.Lender shall not be�equined w pay Rorrawer a�t intec�t ar eamings on the Pands. ,.�_�
<br /> ''4 'tc,,�$�_
<br /> . . ' .,� Boaower and Lender may agree in writing,however,tbat interest shaU be paid on We Fnnds. Lender sHaU gtve to Borrowes, , _
<br /> ' withont cbarge.an annual acconnting of the Funds.showing credit�and debits to ihe F�unds and the puzpose for w�ich each :�?�'
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<br /> debit to the Funds was made.The Funds are pledged as addidonal securiry for all sams secored by Wis Sec.arity Insaament. � �� ;:���'�:��
<br /> .. ` If the Fuads held by L,enaer exceed the�oanss permitted to be held by a�plicable taw.Lender shari accauns to Boaower � �� .���F-
<br /> � . . �r���s gunds in accordance with the requiremeats of applicabte law.If the amonat of the Fands held hy I.ender at any :;:�:�
<br /> . . � time is not saf&cient to pay the&crow Items whea dae,Lender may so norify Borrower in writing,and,in snch case Borrower `;��,:
<br /> . =�` .'?r;���.__
<br /> sball pay to Leader the amount a�essa�+to make aP the defciency. Bornower shall make up the deficiency in no more than ; a-:,.
<br /> . twelve monthlq paymenb,at Lender's sole discretion. ' � .` .��
<br /> , . • ' Upon payment ir�full of all sums secnred by this Se�urity Instrument. lxnder shall pmmpdy refand to Bonower any , �.��;;,,.'
<br /> 4� . Fonds meld by Lender. If,�mder paragraph 21.Ixnder shali acqaire or setl the Property.I.euder,prior to t he acquisition or s a le ____
<br /> , af the Propertp.st�all apply any Funds hetd by I.ender at the dme of acquisidon or sate as a credit against the sams secured by : : .'•� '
<br /> - � tLis Seauity Insstrnment. . y , ��. �.�
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<br /> � 3.Appltcatton of Paymente.Un2ess appllcable law provides ochenvIse,aU payments seceived by Lender under paiag�aphs �
<br /> ' � 1 and 2 shall be applied:6ist,w any prePayment charges due under the Note; second,to amounts payable under paregrnph 2; • ". • __
<br /> thlrcl.W intesest due:fourth,to principal due:and las�to a�+late charges dne under the Note. , . ' � . '
<br /> " 4.C6ar�e�Lten9.Borrower sLall pay all taxes.assessmenis.charges,fines and imposidons attributable to the Proyerty .
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<br /> . 3 wluch may attaia prioriry over this Secuiity Instn�ent.and leasehold payments or ground rents. if any. Boaower shall pay .. . . . .
<br /> : :., these obl3garions ia the manner provided in paragrapb 2,or if not paid in that manaer.Boaower shall pay than on time directty � _
<br /> � to the person owed payment. Borrower shall promptly fumish to Lender aU notices of amounts to be paid nader tl�is paragraph. � •
<br /> If Borrower makes these payments directly.Borrower shall prompdy fumish to Lender receipts evide�ing the payments. .
<br /> � Horrower sLatl promptly discharge aay liea whirh has priority over this Se�urity Insaument�uiless Bonower.(a)agree.s in . � � .
<br /> ,''� � wriring to the payment of t6e obligadon sec�ued by the lien in a maaaer acceptable w Lender;(6)contests in goad faith the lien , .
<br /> � by. or defends against enforcement of the lien in, legal proceedings which in the Lender's opinian ope�ate to prevent the ,.
<br /> enforcemeni of�he lien;or(c)secures from the holder of the lien an ag�eement sadsfaccory to Lender subordinating the lten to • .
<br /> ' dris Secarity Insuwnent.If lxnder determines that any part of the Propeny ls subject to a lien wtdch may attain p�ioriry over , ; �. ,
<br /> ' � tLis Security lnsuvment.Lender may give Borrower a nodce ideatifying the lien.Borrower shall sat�sfy the lien or take one or :
<br /> more of the acdons set forth above within 10 tlays of the pving of notice. .' .
<br /> Form 3028 9 90 - .
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