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<br /> . . �: : 'POGETHER WITH alt the impmvements naw ar dereafter ea�cted on the pro�ty.and all easemneuts.aPPu:twances,aad . �_.
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<br /> ' �_ � � funues aow or he:eafter a part of the ProP�Y.All replacements aud addifians s�all also be cov�ed 6y this Sesurity Instnunent � _
<br /> - All af tRe fosegoing is refe�red to in this Seauity Instrwnent as the°Piopeaty." ; ��``-
<br />- _,.r` BORR0INER COVIIVANTS Wat Bormwar is lawfulIy seised of th$estate hexeby coaveyed and has the right w graat and
<br /> --T ` -� convey the Propetty and that the Pmpert}r is uneacumbeaed, except for ettcumbrances of record. Borrower warrants and w�l ,�` �
<br /> . � dsfend ge�e�y the atIe w the Property against ari claim4 and de[nands,subject W any enciunbr�ces of record. � .. � ,:: �
<br /> .# THIS SECURITY INSTRUARENT combmes uniform coveaanis for nannnal nse and nonamiform covenants with limited .. ,��°,
<br />- ' variaiions by�ction to canstitutc a�mifuim se�auity ws0�ume,nt ee�vering real prope�ty. �
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<br /> . , UNIFORM COVENANTS.Baaower and Lender cove�ant aad agee as follnv� ' < �, . .
<br /> �� 1.Payment of PrFndpal aad Interest:PrFpapment and I.ete Cbaiges. Borcower shall promptly pay whea due the : .� �'.. �'
<br /> . princjgal of mid'mteaest on the debt evidence8 by the Note and anY P�Y��t and late charg�s d¢e�mder the Note. . '"f�.,.!`��,.-
<br /> • �. Z.E�ds for T�xes aad Insurano� Snbject to applicab2e taw or W a written waiv�by L�ades,Borrower shai!pay tn . : ""�'� '
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<br /> I.eudes on the day montLly payments are due under the Note,until the Note is paid "m fu11,a sam("Fands'�for.(a)yeacIy taxes ',�'"�;��';'-�-
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<br /> • � �j and assessments ahic6 may auau►priority over this Security Insuum�t as a lien on the ProP�Y:N)Y�rty feasehold payments '���:`�'
<br /> . . . . or grotmd rents on the Property.if any;(c)Year1Y hazard ar pmpary�aance premiams;(d)Yearly tlood ins�uance pcemiums,if .';'.Y;��;�;` .--_
<br /> _ anl.(e)Ye�1Y ma�aSe insurance premiurns.if any;and(�any sums payable hy Bomawea to Lender,in acxAridance wuh tP�e - _____
<br /> . pmvisions of p�ag�aph 8,in lieu of the payment of mottgage inswaisce premiomv.'ihese it�ns are calfed "Fsaow Ite,ms." •�:..�:�;�
<br />- • Leadea may,ai any tim�colled and hold Funds in an amount not to cacceed the m�c�am amoant a lacder far a fedeaally relaiEd -`�'; �`_
<br /> . �. mortgage loan may zequire for Barmwea's esc�ow account iusder the fedetal Real Fsiate Seulement Pmced�ues Act af 1974 as .�--�r=c.-
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<br /> � amended from time w time,1Z US.C.Sec6on 2601 et seq. ("ItESPA'�,unless auotha law tLat applies to the F�mds sets a tessea
<br /> :" " amrnmt If so, Lendea may,at any dme,collect and hold Funda in an amount not w exceed the lesser amounL Lender may .
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<br /> � � � " espmatc the amaunt of Faads due on ihe bacis of current data and reasonabte estimates of expendinues of fuwre Fscrow Items or �^ ' �____
<br /> . . _ otherwise iu ascordauce with applicahle 1aw. . ��-
<br />- . 'ihe Funds shall be held'm an iastitution whose deposits are inqured by a fedeial ageucy,instrumentaliiy,or entity(inctuding . ;: :, —_
<br /> L,ender,if I.ende�is such an�stitarion)or in any Federal Home Loan Baz�C.I.end�shall apply the Fnnds W pay the Fscrow ' . _
<br /> f; Items.I.endra may aot charge Borrower for hold'mg and aPPtymg the Fwids,annuaIIy analyzing the esccow account.os verifying '• � , •'�;�,a---_
<br /> the Esciow It�ns,nntess Lender pays Baaowea'snteaest on the F�mds and applicab2e law p�mus Lend�tu make sacb a c3�arge. �� - -
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<br />-.. � • However.I.�ider may require Bosmwer to pay a on�tirae cUarge for an independeat real estate tax reportmg servjce ased by ,`:. .. -_
<br /> .' Leader in connection wit�h this loan,nntess applicab2e law provIdes othernise.Untess an agreement is made or applicabte 1aw � ' —:.
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<br /> � requires interest to be paid,I.eada shall not be reqaired to pay Borrower any iute�est or eamings on the Funds. Boizow�and .. , j ; �'��_;=
<br /> � � � . L.emdea may agree in writing,kowever,tbat interest shall be paid on the Funds.Lender shall give w Bormwer,withoat charge,an .. :->-,�',-
<br /> �. . annual accoanting of the Funds,showing credits and debits w the Funds and We purQose for which eacb debit to the Fuads wav �}
<br />- � made.The Fuads are pledged as additional security for all sums seaued by this Security Instrument _. .':•;��-
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<br /> � If ihe Funds hetd by Lender ea�ceed the amounts pennitted w 6e held by applicable law,Lenda shall account to Boaowea for • � iT�`-r=
<br /> '� � the excess Funds in accardance with the requirements of applicable iaw.If the amount of the Funds held by Lender at any tIme is � , "'Y,=�
<br /> . not suffcient to pay the Fscrow Items when due,Lender may so notify Bolmwer ia wridng,and,iw sucb case Bo�wer shall pay '� �'
<br /> � ' � � w l�der the amount necessaryr to make up the deficiency. Borrower shall rnake up the deficiency in na more than twelve . : ���``�`
<br /> i monthty payments,at L.c�der's sole discretion. 'i
<br />' � � Upon payment in full of all sums saaued by thls Secariry Iasnrument,Lcnder shall pmmpily refund w Borrower any Funds .. ;�r-�:
<br /> . heid by Lender.If,imder paragrapb 21,Lender shali acquire or seU the propeny,Lcnd�,prior to the acquisiaon or sale of the _,
<br /> � Property,shall apply any Funds held by Lender si the pme of acq�isition or sale as a credit against the scros secwred by this . • —`
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<br /> �_ Security Instrument =: . ` : '
<br /> � �� 3.Application of Payments. Unlcss applicab2e taw pravides otherwise,all payments received by Lender under paragaphs . . � . .
<br /> � • 1 and 2 shall 6e applicd: first,to any prepayment charges due under the Note;second,to amaunts payable under paiagraph 2; • . .
<br /> � • � � third,to interest due:fowrth,w principal due;and 1ast,to any late ch2rges due under the Notc. . � � . ,. _
<br /> . 4.Charges;Liens. Borrower shall pay aU taues,assessmcnts,charges,fines and imposidons apributabte w the Property � - . .
<br /> • .; which may auain priority aver this Security Inswment,aad leasehold payments or gound renu,if any.Borrower shall pay these ; • , �
<br /> � ; �blig�tions in the manner provided in paragrapb 2,or if noi paid in that maru�er.Bonower shaU yay them on time directly to thc , � . .
<br /> ,� � peason owed payment Borrower shall prompdy fumish to I.a�der atl nodces of amounts to bc paid undcr this para�aph. If .. .
<br /> . • Bo�rower makes these payments d'uectly,Borrower shall prompdy fumish w Lender.teceipts evideneing the paymcnis. � �
<br /> � '� . Borrower shati pmmpUy discharge any lien which has priority ovcr this Sccuriiy Instrument unlcss Borrower:(a)agrces in , . � :'
<br /> • + writinng to the payment of the obligation securcd by the lien in a marmer acceptable w Lender;(b)coatests in gaod faith tP��e lien , -
<br /> ' by.or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate tn prevent the �
<br /> � enforcemeait of the licn;or(c)secures from the holder of the lien an agreement satisfacWry w Lender subordinadng the lien w
<br /> this Sccuriry InstrumGnG If Lender determines that any part of the Proyerty is subject to a lien which may auain priority ovcr this �
<br /> ;. . �' � Security Instrument,Lender may give Brnrower a notice idcntifying the lien.Borrower shall satisfy the lien or tabc onc or mare
<br /> •° • of thc actions sct fnrth abovc within 10 days of the giving of noticc. � �-"� � �
<br /> ; Form 3028 9�90 � , , •
<br /> . . �•BR(NE)is2�21.0� Pago2of8 �mt+a�a: �
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