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<br /> � TOGETHER 1VITH all th�impru�ement.now or hereafter erected on the ro e and alf ea�emcnt>. app�itE'ttdittt..' � ; ; �_
<br /> tirture� noa ur hereaft�r a pan uf the pruprrt}. All replacements and addit�un+ +hall al+u be ����rrctii b}� thi+ Securin f „ . �
<br /> In�trument. All of the fureLUmg �,relerrcYi t��in thn Secunty Irotrumrnt a-,the"Pr��perty�.' '- ... .' ___
<br /> BORROWER COVE^�ANTS thac BurmH�rr i.Iat�fuU�• �et+ed uf ihe�ht3tr hercby comcyai and ha.thr nght ta grant:uid . ..
<br /> convey the Pn�perty and that the Property i+ unen��umbered, etrept for enrumbranre.uf record. &;rruwer warrant+anJ will � . � .
<br /> defend generally the titfe[o the Property sgain�t aU rlaim.and demand+.�ubjert w an�•encumbrance.��f r�rurd �
<br /> THIS SEC�'RIT1' INSTRUb1ENT rumbme.unifurm ru��enantti for nat�onal use:uid non-unifum�co�'enant. H ith limiteci . . -
<br /> variationti by juri�diction to cun�titute a uniform�ecurin�in,trument�overing real prupeny. ---- -- -- ', -
<br />' UNIFORM COVFNANTS.Born�wer and i.ender rarenant and agree a.�follu�o,: . ,
<br /> . 1. Payment of Principal and Interest: Prepayment and Late Charges. Barrower Shall promptly pay when due the . . . .�,i
<br />' princiPal of and interest on the debt evidenced by the l�iote and any prepayment and late charges due under the No[e. '.-_ .' := �;:�
<br /> 2. Funds Pnr Taxes and Inntranee. Subject to applicable law or to a written waiver by Lender.Borrower shall pay to : �� , �
<br />.. Lender on the day monthly payments are due under the Note,until the Note is paid in fuq,a sum("Funds") for:(a)yearly taxes _ . --_-���-
<br /> �> and assessments which may attain priurity uver this Security In+trument as a iien on the i'caperty: (bl year�y �easehold payments +:�-_�•..--:-
<br /> � '�u�-�� .,,
<br /> . or ground rents on the Property,if any:tcl y�'�5"h�*d ar praperty insurance premiums: (d)yearty flood insurance premiums, , : :
<br /> if any: (e)y�srly mortgage insurance premiums,if any: and l�any sums payable by Borrower to Lehder, in accordance with � �`;��
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums.These items are�lled"Escrow Items." , .�
<br /> [.��der n►. •. at any time, collect and hold Funds in an amou�t not to exceed thz ma�cimum amount a lender for a federally %;�_
<br /> related mortgage loan may require fur Bormwer's escrow account under the federal Real Estate Senlement Procedures Act of
<br /> ' . 1974 as amended from time to time. 12 U.S.C. Section 2601 et sey.1"��PA"1• ���s another law that applies to the Funds , ����..^�.__
<br />' � sets a lesser amount. If so. Lender may, at any time, collect and huld Funds in an amount nat to excced the lesser amount. .. . •. '�'���_•�..�,
<br /> Lender may estimate the amount of Funds due on the basia of current data and reasonable es[imates of expenditures of future �:� ' �.:�..:_. �
<br /> • Fscrow Items or otherwise in acconiance with applicable law. -_ ---
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agerny, instrumentality, ar entity �-
<br /> _... ; l_.
<br /> (including Lender,if L.ender is�uch an institution)or in any Federal Home Laan Bank.Lender sh�ll apply the Funds to pay the ..��-`.�� —
<br /> Escrow Items. Lender may not charge Borrower for holding and aFpfying the Funds,annually unalyzing the escrow account,ar . • �- � � .,.. ,- ,
<br /> verifying the Escrow Items. unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such .,.r.,�,�`,y.;.�';.: '�
<br /> Fo b � ��.�`" ;: ��:.
<br /> a charge. However. Lender may require Borrower[o pay a one-time charge for an independent real estate tax re rtin service �: •.
<br /> ' use�i by Lender in connection with this loan, unless applicable law provides otherwise. Unle.cc an agreemen[ is made or �•: �;.,, � �`
<br /> applicable law requires interest to be paid. Lender shall not be required to pay Boreower any interes[or earnings on the Funds. . ����:,.�;:; _. :-_
<br /> Bortower and Ixnder may agree in writing, however,that interest shall be paid on the Fundc. l.endsr shall give to Borrower. ' '* `' ;t i,.-.
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each - - � ;
<br /> y' .
<br /> debit to the Funds was made.The Funds are ptedged as additional security for aU sums secured by this Security Instrument. i�
<br /> � If the Funds held by L,ender exceed the amounts permitted to be held by applicable law.Lender sball account to Borrower
<br /> for the excess Funds in accordance with the requirements af applicable law. If the amount of the Funds heid by Lender at any ,._ ,,. .• .
<br /> time is not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing,and,in such case Borrower - �E '�•.
<br /> ,4 s h a l l pay to I.e n d e r t h e a m o u n[n e c e s s a ry t o m a k e u p t he deficienc y. Horrower shall make up the deficiency in no more than _ ��-;
<br /> • � :t twelve monthly Qaymenu,at Lender's sole discretion. :��` _
<br /> ,� Upon payment in full of all sums secured by this Securiry Instrument. Lender shall promptly refund ta Borrower any , 'R "�y_�
<br /> ' Funds held by Lender.If.under paragraph 21.l.ender shall acquire or sell the Property, l.ender,prior ro the acquisition or sale ������.:
<br /> ±' of the Prop�ny.shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by . � � �.•�a,�,r��;��--.
<br /> � � this Security Instrument. • '".��� � �
<br /> , 3.Application of Paymeats.Unless applicable law provid�otherwise,all payments received by Lender under paragraphs ;��•_ �..�.
<br /> � ,,� P Y P h 2: �.,�.��-�-_-s
<br /> 1 and 2 shall be applied: first,to any prepaymen[charges Jue under the Note:second, ta amounts a able under aragrap �r�
<br /> _,� �� third,to interest due:fourih, to principal due:and lact,to any late charges due under the Note. - ,a•�
<br />• � { 4.Charges;Lie�s. Borrowcr shall pay all taxes.assessments,charges, fines and impositions attributable to the Property
<br /> : } which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay . �� ,
<br /> these obligations in the manner pravided in paragraph 2,or if not paid in that manner,Bonower shall pay them on time directly ,�'�'
<br /> ;.:��;.--.:
<br /> . .� to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts ta be paid under this paragraph. � � j�yr� �__
<br /> � If Borrower makes these payments directly.Bonower shall promptly furnish to Lender receipt�s evidencing the payments. �:��;c�--;n{r..:.__
<br /> " Borrawer shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: fa)agrees in . ;:,��r�. _ ., ,� . _
<br /> .-sr�,t---,�:. �
<br /> � . writin�ta the payment of the obligation secured by the liea in a manner acceptable to Lender:(b)contes[s in goad faith the lien . � � _� �r�,::•
<br />� by. or defends against enforcement of the lien in, legal ptoceedings which in the Lender's opinaon operrte to prevent the ,,.�. ,; -�
<br /> � enforcement of the lien:or(c)secures from the holder of the lien an agreement satisfactory to l.ender subordinating the lien to � . ,�,,����;,�•y.
<br /> ' this Security Instrument. If Lender determines that any part of the Praperty is subject to a lien which may attain priority over ;,.:,,,;:.. _ .'��:.,.
<br /> this 3ecurity lnstrument. Lender may give Borrawer a notice identifying the lien. Borrower shall satisfy the lien or take one or -•, -±�:•�:�;:;== _
<br /> more of the actions set forth above within 10 days of the giving of notice. • ' �"`�'"�`'
<br /> , Form 3028 9/90 ' ' . .�
<br />' Pa90 2 ot 6 . � -
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