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<br /> � � TQGET}iER Vr'tTH al l the impren cmcnt�nor.�or hereafter erected an the propem.:uid all ra+ement�.:tppu»enances.and • : _ T: *��
<br /> • tixture� no�c or her�atter a part of the property. All replacements and additium .hall shu hc r���er�Yi by thi. Security ..k, .',,�
<br /> • (autrument. All��f the fi>regoing iti referrcd to in thi�Security Instrument a�thc"Prupert�.' � �.,�,, -
<br /> BORROWER COVENIANTS that Hom�w•er is lawfully seised of the e�tate hereby canve�ed and ha�the right tu gr.int and �� `',�;� `� c .
<br /> com•ey the Propetty and that the Property i. unencumbered. excYpt for encumbrara.�+ uf recurd. Borrower warrant,and will ° �. '":_ -
<br /> defend generally the title to the Property against all claimti and dzmands,subject w an} encumbrance���f record. . .�• � ; •E�
<br />-_��� THIS S�CliRITY INSTRUMENT combines uniform covenants for n�ticm..l utie and nun-unif��rm rocenants with limited ( " , -
<br />, � cariationti by juri,dictiun tu rnnstitute a uniform�ecurity instrument��vering real propert}�. �:•.:���.
<br /> LNIFORM COV ENANTS. Bormwer and Lender covenant and agree a�fol lows: ��
<br /> 1. Payment of Principal and Intemst; Prepayment and Late Char^�es. Borrouer shall promptly pay when due the r _ __
<br /> • principal of and interest an the debt evidenced by the Note and any prepayment and late charges due under the Note. --�`:_- _
<br /> 2. Funds for Taxes ans! Insuranee.Subject to applicable law or to a K•ritten waiver by Lender. Borrower shall pay to _ _ _ _
<br /> , Lender on the day monthly payments are due under tl:e Note,until the Note is paid in full,a sum("Funds")for: la)yearly taxes �.-�-;.5': v -.
<br /> � and assessments which may attain priority over this Security Insuument as a lien on the Property: (b)yeariy leasehold payme+us =�a..�'�
<br /> ��- -r._.,
<br /> or ground rents on the Proparty.if any: (c)yearly hazard ar propercy insurance premiums;(d)yearly flood insurance premiums, . .
<br />� � if any: lel ycarly mortgage insuranse premiums, if any: and(t)any sums payable by Borrower to Lender, in accordance with , ' '�
<br /> ' � the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums.These items are called "Escrow Items." �� � ���+°�'
<br /> Lender may, at any time, coliect and hold Funds in an amount not to exceed the maximum amount a lender for a federally .�� =
<br /> ; ��'...
<br /> _ related mortgage loan may rc�uire for Borrower's escrow account under the federal Real Estate Settlement Procedures Ad of :. ''�`- °�--�
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<br /> ` : 1974 a,amended from time ta time, l2 U.S.C.Section ?601 et seq. t"R�P/�"f.unless another law that appii:s to the Funds
<br /> .'�^`�-:_��
<br /> '�r% sets a lesser amount. If so, Lender may,at any time, collecc and hold Funds in an amount not to exceed che lesser amount. � •
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<br /> ::.;�. Lender may estimate the amount of Funds due on the basis of currer►t data and reasonable estimates of expenditures of future �__�`'�=�.��-,�
<br /> Escrow[tems or otherwise in accordance with applicable law. ' %= ""
<br /> The Funds shall be held in an institution whos� deposits are insured by a federal agency. inswmentality, or entity ..,, . _�
<br /> , _ lincluding Lxnder,if Lender is such an institution)or in any Federal Home Loan Bank. L.ender shall apply the Funds to pay the , ��'� ' �� --�� ;`
<br /> � Fscrow Itectu_ Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account,or '' ;�.;:;.••
<br /> - verifying the�'scrow [tems.unless Lender pays Borrower interest on ttie Funds and applicable law permits Lender ta make such ���', ,: ; , _
<br /> a charge. However.Lender may reyuire Borrower to pay a one-time charge for an independent real estate tax reporting service .:� � ,:, _; -
<br /> � used by Lender in connection with this loan, ualess .��plicable law provides otherwise. Unless an agreement is madr or : ., �.
<br /> . applecable law r�uires interest to be paid.Lender shall not be required to pay Soaower any interest or eamings on the Funds. '``••%� _.
<br /> �:;;', Barrower and Lender may agree in writing. however,that interest shall be paid on the Funds. Lender shall give to Borrower. � �.
<br /> . �;.-�.
<br /> •.;.�;;: without charge, an annual accounting of the Funds,showing credits and debits to the Funds an��e purpose for which each ;:i ;F,
<br /> debit to the Fonds�vas made.The Funds are pledged as additional security for all sums secured by tvs Security Instnament. � �
<br /> if the Funds held by I.ender exceed the amounu permitted to be held by applicable law.Lender shal!accaunt to Borrower rj4�:..
<br /> xcess Funds in accordance with the r uirements of applieable law. If the arnount of the Funds held bc Lender at any ='_''r:�; : ,:�-�_
<br /> for the e e9
<br /> time is not suT�cient to pay thc&scrow Items when due, Lender may so notify Borrawer in writing,and,in such case Borrower � f: . .�f,�?:.- ;'-•�
<br /> . • shall pay to L,.°nder ihe amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than �r=.,�;°r,�.,�==
<br /> twelve monthly payments,at Lender's sole discretion. ,.. �
<br /> ' Upon payment in fup of all sums secured by this Securiry Instrument. Lender sha11 promptly refund to Borrower any -- �T _`
<br /> . ' Funds held by Lender.If, under paragraph 21.I.ender shall acquire or sell the Properiy.Lender,prior to the acquisition or sale .�r..---'
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<br /> of the Property. shall apply any Funds held by Lender at the time of acquisition or sale ac a credit against the sums secured by r- w_._.
<br /> this Security Instrument. ��� '�
<br /> 3.Application of Payments.Unless applicable law pravides othenvise,all payments receire�'by I.ender under paragraphs =_ r�`=•'�'�°'
<br /> I and 2 shall be applied: first. to any prepayment char��due under the Note: second,to amour.:s payable under paragraph 2; _
<br /> ,�� third,to interest due: fourth,to principal due;and last,to any late charges due ur.der the Note. - ,,� �,�„�,�� y
<br /> `�`�'•`�� 4.Ch�a�es;Liens. Borrower shall pay all taaes. assessments, charges, fines and impositi..-s attributable to the Property
<br /> ' which may �.�.::n priority over this Security Instrument, and leaceho!d payments or ground rents, if any. Barrower shall pay -'`■�'�
<br />; these obli as:ans in the manner provided in paragraph 2,or if not paid in that manner. Borrower shall pay them on time directly _ _ _ __.
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<br /> to the person owed payme�t. Borro�ver shall promptly furnish to Lender all notices of amounts to be paid under t!»s paragraph. �1�:.�--
<br /> lf Borrower makes these pz�.rents directly.Bonawer shall promptly fumish ta Ler.der receipts evidencing th�n�?�ments. ��'
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<br /> Borrower shall gromptly discharge any lien which has priority over this 5ecurity instrument unless Bonower: (a)agrees in .� �+ : -�'`•��
<br /> . writing to the payment of the obligation secured by the lien in a manner acceptable to Lender:(b)��ontests in good faith the lien +,�� "� " �:;_
<br /> , • by. or defends against enforcement of the lien in, legal proceedin�s which in the Lender's opinion operate to prevent the -..��5.,.'��
<br /> ' enforcement of the lien;or(c)secures from the holder��f rhe lien an agreement sntisfactory to Lender subordinating thz lien to
<br /> ' • this Security lnstrument. lf Lender determines that a: art of the Pro is sub'ect to a lien which ma attain riorit over ��''�
<br /> Y P Pert3' 1 Y P Y ."i''- +�■�:._-
<br /> this Security Instrument. Lender may gice 8orrower a natic�identifying thc lien.Borrower shall satisfy the lien or take one or ��.-'^'"'�i��'�`��t���-'
<br /> ' ' more of the actions set forth above within]0 dayc of the giving af notice. � =:��� �� �,��
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<br /> . Form 3028 9l90 . '�r : , . � _
<br />' ��) vogolo�s •..�.cy.,-.:
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