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<br /> _, � � TOGE7'�IER WITH a�l the impmvemeats nnw or hersafEer erected on tbe pmparty.aad.all�nts.appurtenanoes,and _
<br /> _. . _ _.::y � now or hereafter a patt of the P�F�Y• Ail rePtaces�nts a,nd additlons �hall atso �e covecc�d by Wis Seairity _
<br /> . ��..S,,'`� <,i " Instrument.All of tbe foregoittg is r�feried to in this Secmity Iasuuatelu as the°ProgeYtY•" _
<br /> , • . BORROWER COVENAN'fS that Bormwer is Iawfuiip seised of the estate hereby canveyed aad bas t6e right to g:ans and
<br /> < �� j. ��,y�p�y and th�t�hc Ptqperty is�bx�d,exoe�►t for�af�►nd.Bom�urer wanants and�vill __
<br /> �:.-`��.:_:�''.`� defeud geaeiatiY the ritle to t&e Pro���J,ag�all claims aad demantis.st�ecx to eny►.eiitxcmB�bf ieoord. .. ,. -
<br /> , �,�' _�; - •, THIS S�CURt�Y�N�'�J�+?�'cnn�b�ces�: .�nff',r11m cavenants far natiat�i�.ii�e aad�tat�im oayema�s it+�fi 7iautecR', _
<br /> .�% ," vq�i4i��s93iuis�ct�ta c�ttln���,p�u'&�t�1.Y3h�t�e°t c'�uvc�tit��teat•�eti3► fr - . ,
<br /> ` ���"�;.s: -�t ' ,'�3Q�URi1�t,Cf�El�l�t�=•,$A$"".�?�i';�•�!�ve,��atand'agt�ee�astt►Itbs�R.: �;_ ; . . �� , .
<br /> . ,,.. wh�due the
<br /> :: ' �; . . � � aQd Late C6�e�i':omcwer.���romP�Y PaY _
<br /> . ,`- l��tym�.���t"4�.�,.°'�?�g:�'��
<br />_��i_�`�;�,__. ` grincipat of a�d��t on tiae deto�e�id�i'hy tiie Note and any ptepayment�late d�argesa�,�ae onder the Note.
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<br />'';'�:��';`��� 2.Fimds tor Ttuces aad In�arance:RSdbject to applicabie Iaw or ta.a writtea �vaivec by Leader,Borroarer s6aU�ay to
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<br /> ,:;:'r.�:<< �: `;,I Lendet nn We day manUilY PaYm�ts a�dtce und�r the Note,until tiis Note is paid in futl.a,sum CFands°)for.(a)Y�Y�� .
<br /> ''''' aad assess�neats which may attaiu prlarity over dris Sewr�ity Iusnua�at as a.liea on the Praperty+(b?Y�Y�otd payraeats
<br /> `,•�: � tc�Yearly ttoad iesutanse presaiums,
<br /> ,< .; :;:.� or gmuud rents on the Praperty,if eny;(c)Yearly h�ard oz prapetty iasusanret piemiums;
<br /> '�: , �. ` �:.�,''i;� if eny:(e)YeariY muRgage tasurance premiams.if anY:aad(�any sums payable hy Bosmwec ta Lender.in,eccautdance cvh6 .
<br /> ..�' the pmvfsi�na of`pamgrapb 8.ia�i�of the p�ym�►t of mortgsige iasuranoe premiunas.Th�ttems arc�alt�•Psctow[tems.'
<br />, �::��. 't Lertdcr rt�y.at any time.aoilect aad ho14 Fuads in�ut umot+at ant co exceeA the muimum amount u tenQtt far c+�ederally �
<br /> r �_. -��: �l�tcd mortgage leam m�y requice foa_8ormwer's ess�aw aaaunt under tha f�dem! Real Estate SEttlement Fmcedur��Act of � .
<br /> - , �`•": ":E:, I9"/4 As amendod itmn tlme to tImc, 1Z U.S.C.8vct�oa 2�Of et aeq: l"R�Si'A").unl�s uuaher fuw that applies to the Funds ,
<br /> ' ���";'.�:;: ' stta a iesssr amoun�If so. [�e»der may.ae aay ttmo.coitsct and�hotd Funds in en amount not co eaoeed ths[ess�r emoimi.
<br /> ' ��� °�� � Lande�muy estlmate thc a�aount of Funds due on the basis of curnnt dsta and�sisnabte esdmates of expenditures of ti�mre
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<br /> �� y' Fscnm it�ms or otherwtse in aocordaase with appiicabte law.
<br /> � ` �..'� 7'd� Funds shall be Aeld'lni an InstItatiun vvt�ose deposits a�+e tasared by a fedezal�ageacy, �nsuuateatatlt�►•mr�y
<br /> ...��,t (in�udtn�Let�er.if I.ender is sttch aa institu�tan)or in eny Federal Home Laau Bank.Lender sSiaU app]y the F�ads to pay the
<br /> � , ;; � Es¢row Items.Leader may rtot chazge Horrower foz holding and applying tbe Funds. armua}Iy aaalyziag the esctow aecot�oz.
<br /> _ + .yt'� Ypl�YUlg t$E ESC(OW ItEIDS,unless L�+der pa3rs Borrower iatetest on the Funds and$pptic�Ie law pam�its Leaderto make such
<br /> . . ��.,.'�} a cE�arge.Hawever,Lernder may r�air�Harrawer to pay a one-time charBe for an independant re�at estate tax tepordug service .
<br /> �,;"� nscd by Lender in coaaection with this loan, unless ap�lieable !'aw pmvldes otherwise: Unless au ag�rnent is made or
<br /> '. ���� applicable law sequires inte�+est to be paid,Leader sball not be re�quired to pay Bomawer atry Interest or eamings on the Faads.
<br /> ,:� .:#�, Bormwer and I.ender may agree in writing,aowever.that interest sball be paid on the Fnnds. Leader shall give w Barmwer. .
<br />.<;.:::�-.;. ;. �:`��t arithout c�harge. an.annaal acconnting of the Fands;ahowing cre�its anb deUita w ttie Fuads}md the purposa for which each .
<br /> ��•�,�.��;��.i d8bit w the Feads�s made.The Fu�d,s ape p3edged as addidonal se�riry for all sums secroral4�y thfs Secuiily rn m � . -
<br /> �� '�' If tbie Funds hetd bg�xnder exceed the amouau permitted w be held isy apglic�ble ta�v,Lender sball accouni to Burmw�s
<br /> '' .for the excess Fuads in ac�uzdance with the�ts of applicable law.If t$e c�a$the Pbttds he�d by I.ender at as►y
<br /> ' L+endet may so notify$stzi��ovs�ia�3+and+in sads case Botrocves -
<br /> .. ;�,_, `�"� �n�e is aat�fi0entto p.sy�.t��Fscfvqr,�Lteans whza dne.
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<br /> =`,'+'�'�' � . s�a11 Qay t.�,�der tha a�n�im n�ass;x�'La.maTcs aP the deficieacy.Bosrower sis:�'c�:u�+.�.deii�sency ia ao morc than
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<br /> ¢ ,Y`�l'meet�.�t i.eader's�su:'�discretian. <'�
<br /> ` .. .:� , ' ;>�,•� .aarelv moin'�^.;. . _ . , . , . �,,,� ' . .
<br /> ."•f,:. ;.� : Ripon paymenc is�!'u.�k.of all snmg secu�eA by w�ia Seauricy imrtrumen�,Lender s L ���dY. to Borrower any
<br /> ' •:; � �''�,�FuriAs he2d by kender.�:"tiiider FaragtmPb�21.Lender atsall aoquine or sel�the Property, t,PrieT t+t:�Y�rscquisition or sale . ,
<br /> . .x,�,�L;r��•';�r`< of the Pr�erty,s�iall app3y any FuAds held bY Lsnder at ttie ttme of aaquisidon or sale�as a c�t a�nia.�cid�sums secured by . ;..:>�:
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<br /> •,,...', .:.•,•• this SeCiultyIDStrumOnt.
<br /> :;:.{.,���•; , ,� ,; 3.Applicat�on of P�yments.UNers appl3caDIe law pmvides ottcerwise,a11 payments t�i,v�d by i.eied�r under patatg►'aphs ,:
<br /> � '°�,.`. 1 aad 2 shall b`s applied.Stst.to anY P�P87►ment charS�s due uades tt�e Nvte;s�.�to am(timta payable undes paragraph 2: ' ;
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<br /> , �.�� thirQ,to inte�st due;fouad'�;to principai.due;and tast,w any Iat�cl�arSea dce s�,��e Note.
<br /> �,,�;i�'.'' � •4.Cf�ar�es.Ideas.fl�arrosver shall pay all taxes,assessments.charges+f�and iaq�tati'ons attn"batable to the Property
<br /> , '�'5���;;,����{ which may attain priority�over this Security.Insuvme�t, aad leasehold paymetns or grouad ca�,ts.if any:Borrawer st�a1l pay �
<br /> .Y:J..�..•• .
<br /> ::i�,'{' these obliga�ons in the mamier pmvided in paragraph 2.or if not paid in t�ai ma�iaer,Borrawc�s�PaY��m on time direaty
<br /> .. _ ��8 .
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<br /> . :'. +�:.� ,:�� to the person owed paya�t��.Bomower sha11 prnmptly fnmdsh to Let�der.all notiaes of eatounts to,6e pa'rd u�der this pmragteph.
<br /> �•;.,,.;;vg.•�;�'.�,.� ,# • -" If Borrower malces thes��yments directty.Borrower shatl ptamptly�furnish to A.�r�reccip3s evidencing tl�e gaya�nta.
<br /> „;,�, �J, ',:; ;= Bomower shaU pmmpdy discP�e any lien wficb has priortty over this Se�ar�ty Iasscum+�nt untess Bomower:(a)a�in
<br /> '.��, , amting to Ne paqment oi the obligation secured by the llen ln a manner scceptzBie to LecdES:(b)contests in goud faith the 1�en �
<br /> '=�. ':...R gaf e
<br /> � �s, by, or defends agains�t arl�arcameat of the lien in,�lagat proceedings whic6 in'the Leadex's opinton operate to pt�,weat tlte
<br /> �� �� '� enforcement af the lien;crr�fG)secures from the holdaraf the lien an agreement s�tt9factory to Lender snbo:d�&ting the tien w
<br /> � �: ,S this Secur�ry Instram�t.If Lender determines t�at any part oY the Fmperty is subje�l to a lien whicb may attain prIority over
<br /> • � . . ,� this Sec�rity Insm�ment,Lender may give Borrower a notice identifying the lien.Borrower shall satisfy the 11en or tetce one ar '
<br /> • •�<� � � : :t mom of 4fle actions set faith abave witAin 10 days of the givin�of aotice.
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