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<br /> TOG�R WiTH aD the impr�i►tmeaas or her�aAes erected on the pmperry. , .���,� ?::�,__
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<br /> . � aa�v ot he�aRer a pan of the pmpeny AU r�lacements �d addidons sbatl aiso be cavered 6y t�is Seauiry ;�--W
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<br /> � . . ,,_,; insu�t.KIl of the foregoing is referre0 to in tl�is Secariry Instniment as the'PropertY•� ' -_
<br /> .�° � BORROWER CQVENAYU7'5 tHat Sorco�ver is lawtiillY�eised of the estaze heceby comeyed and has the right to grant and ;.
<br /> �.^-�'--'�•,, �o m,e y tRe P r o p e rt S r and thaz tlie PmFertY is an�c��• ��Pt for enaimbrances of�ecord. Bonower wairants and aill ,.
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<br /> defeaa�I gme�tlY��ade to she F�pe�ty a$a�t all r�.3ims a n d�d s.su bj�t w a a y e o c u m b r a m�e s o f r e o o r d. y``
<br /> � � �.. '� 7'HIS SE�iTRiTY INS°fR�IT combiue.s uniform covenants for natianal use and nan-uaiform covenants wit�limised
<br /> ,..:�;_s on to cansdtute a�mifu�m seauiry ivst�teat covering real propertY• -_
<br /> vanadons by�nnsdic�u as follows: -
<br /> :���� ..��:�`r UNIFORM DOVEA3ANTS.Bormwer�d Leader ooveaaat aad agee �.;
<br />-����. ` i.PaymgAt oY Prfuc�al aad�: Fre�Ymeat aad Lste Charg�. Bonower shall pmmgtiY PaY when Que the
<br />-- �, . . p�cipal of an�}iat�sc on the debt evidenced by[he Note and anY PreP?Ym�and�te�ar8es due under the Note. ��•—
<br /> .�'��?"' •. . - ?...Ft1II�3 foP TexBS aDa I11Sm�e.-Subje�[[O 8pp13(�ble 1�OT t0 a Vrlil[Ctit�'WeiVCt by LeIIdEi►Boimiveg sbaU pay to ;
<br /> - - ,`:;` I,ender on the day morulilY Paym�ts ar�dne under the Note.nnn7 the Nate is paid in fu11,a snm('Funas�)for:�(a?Y�Y�xes
<br /> 4�'' ,:�.� an�as�smenis aLich may aitam priarity over tbis S�wcity Insnument as a liea on tbe Property:tb)y�rlY I�sehoid payme�us �.•-
<br /> �`''..,'•` '�`;;., ar giound rentS on the FropertY.if any;(c)ye�1Y 6azazd or proPerty insaraaoe Ps�i�;(d)Y�3�ftood:asss�oe pzemivms.
<br /> . '` °��� :..,� if aay;(e)Year1Y�o�tga8e ins�ttaace Premiums.if any:and(�aa3►su�s P���Y�rmw�r w Lead4a.ffi accordance ait�
<br /> • - the provisians of p�h 8,in lien of the payment of inortgaSc rosuraaoe P�emi�s.These items ace rauea�'Escrow Items.' .
<br /> - -`=: Lender may,at anq time,coite�x and hold Fuads in an amo�nt nat w exceed the maxi�m amouut a[err�zr�ar a fedeially �
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<br /> , . . -` ' 's.� ielated mort�ge loan may require for Bomnwer's escrow acconnt u�der ti�e federal Rea1 Fstaze 5�ttement Proced�ues Act of
<br /> ' ..< " .�'` ' 19?4 as��d from 6me to time.!2 U.S.C.Sectian 2601 ei s�t.t'RESPA7.uadeas aaother taar tLai apgues to the�ds
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<br /> , �::�% :.- - sets a Ies�er maauat.If so.Lender maY,at anY time.cullect and IIol�Funds ia�amo�mt not to exoeed tLt Itsser�mount.
<br /> ` ` . •. LeQdca may esdmate the amount of Trouds dae an tt��Sts of wrrent data and reason�dble estimates of e�taces of fuNse
<br /> '::�` Esctaw Item,s or otbeiarfse in aaosdaaoe with appli�iaar. ' � � .
<br /> ' .', .':. �j�`:: whose deposits ase ia�nred by a fedaal aBen�Y• ia�n�alitY, or eatiry
<br /> . The Fands shall be hetd ia aa in�tion �
<br /> , �6 �� udiag t�nde%if I�ender is suci�an institwion)mr in aaY�ederal Home Eaan Baa1c.Leader.s�ali apply the F�uWs to pay ttte
<br /> .�`! (� the Fuads,aqntiatiY�3yanS the escrow acccmn,or
<br /> . �.x ; Esaow Items.Lender ma��ot chatge Bosmwer for hotding aad appiyiag
<br /> - ".� ��� `�., �' stt�ifying the Fscmw Ite�s,x�ntess Lender pays Botm�ver iatesest aa tLe Funds am��p�icable i�'pecmits Lender ta mage suoh
<br />� a c�e.Howe�ar,.Ixnder araY iegnire Bamsaer w pay a on�tiame cbarge for�mdepende�et�al�ta ta�c rePortiaS sesvix :
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<br /> used by I�a�t iu canne�oa witb this lOan, tmle�s appl3cable law ptovides adietarise. ET�'sss � agr�mOem is made O! .
<br /> . ���� ' � '� appBcable I�v re�iatetest ro be paid.l.ender shaU not 6e reqvimd to pay Borrower any i��"st or eamings�nn t h e F�d s.
<br /> ' `� ''��' � Bortower and Lasder may agree ia writing,hosRever.that intemst shaU be paid on the Fuads.,i.eader sLall gtve to Bmaawer. _
<br /> � • ' S�; without d�arge.an annual accouatiug of the Funds. show3ng credi�s and debitv w the Fimds anQ the gurp�se for whic�earb
<br /> :. ..;:.; .
<br /> :. � � :�:� ' . c�ebit to the Funds was made.'Ihe Fuads aze piedged asad�itional sec�uiry for ail s�s secu:e�l'ry[Lis Seauit3►�Inst�nmeni•
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<br /> _,.--�:'`,:r..'.-;;'=•-�.; � If the F�ds ttekl by I.e�tdcr eacaed the amou�us p�r�ed[o be h�ld t►Y eDPlicabk law,��C S�1��$�wCr
<br /> ` ��-�;�;� of liwble law.If the amount of the Funds hetd iry Lender at aay "
<br /> .,.� for the exceas Fu�ds in accordaace witb the seqairemente app
<br /> ,�. .�.' :. ti� time is not sufficient to pay the Essmw Items ahen due,Leader may so notffy Bomower in writing.and,ia such case Bo�ower --
<br /> ,.. _ ,.�.� shaU.pay to LEader the amouat necessar3►to make ap the deficiency.Bormwer shaU make up the de8deary in no more thaa .
<br /> .,: 'r� , twetve monthlY Payments,at I�nder's sote discredon. . refuad to Boaowtt aay � -
<br /> � , :� : tTgan Pa�►meat ia fuU of all sums seraued by this Sec�ulty Instmm�en[. Latder ahaU PmmP�Y -
<br /> ° � F�ds hetd by LenQer.I�under paragraph 21,Latder shaU acquire or sell the Prnperty.Lender.Pnor to the acquisition or sale
<br />.�.'' , ., '� of tbe Pma�ty.sLali app1Y anY Funds held by I.eader as che ttme aY acqudsidon oz sale as a ciedit against the smns secannd bY
<br /> .���-�.:?. r�is Seauiry Iasnnimeat. � teceived hy i.etrder�mder pata,8raphs �
<br /> • 3.Apglieation o!P�ymeats.Ualess applicabie taa►pmvides othelwise.all payments
<br /> .. �aad Z shall be applieG:first.to snl+PiepaYment c�a�8es due under the Note:seooud,co aznomYts payabk�der pataagapb Z; -
<br /> .. .. . `.�;f� third,to interest due:faunh.tu Priactpal due;and last.to any late chaiges due uader the�Note. _
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<br /> � �`;�;�,��;,:�;,. . 4.C�arges.Ideas.Sorrower shall pay all taxes,assessments.charges.fi�and imposttions ataibutable to e e�sY
<br /> `'''`' � ' ` whict�may at�in priority over this Seauin+lnstn�ment,aad 2easehnld payments os grouad�eats. if `a�i�.��11 F�3+ --
<br /> :.....f..,... ;._ ; -
<br /> ��.;':.;,::. � � , tbese abiigattons in the maaner provlded in paragrapb 2.or iff not paid ln that'm�ces.Bormvrer.ha11 pay them oa time directty w, -
<br /> �:,,,,;.,; . �. Bosrower sball promp8l►ii�misL to Lender a11 notioes of amoudts to be paid uader t�ia patag�aph. _-
<br /> .:.„, , � W the pelson owed paymPat• ..�
<br />- �.;``° ��. ., ' It Bnaower makes tbese payments disectiy.Bormarer shall psoffipt3y fnnoisb to Lead�r recef�ts evidencing the paymeata. .. -
<br />- � � "� i e an lien abicb Has o' csva this Sectuicy tas�q unless Borrawer:(a}agress in � . _
<br /> � � : :� Bnr.rd:+r:r shaU pmmptty d1sc,LarB Y Pri � : _....
<br /> wriBng to�he paymeni of the obligasion se�ured by the liea iu a manaer arceptable to Ilnder:(h)contests in gaod faith thr lien _
<br /> � � ��� i ay�or defenGs against e�fos�ement of the lien in. lega1 P��P�� � s�e Lead�'s opiaion operate co preveat the �
<br /> � � � ' � "`,� � •�tarcemsac of the lien;or(c)a�fmm the hoI;�r of the lieo aa e�t sazisf�torY to Leader subordlnatin8 the liea ta �,_
<br /> . . .. � ' t�is See�ity insaumeat.If LenQer determiaes tLat aay part of the PcopenY is subjer�to a lim whi¢h may sttaia priority ovcr �
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<br /> � �� ve Boaower a nodce iden the lien:Bonower sh�11 sadsfY the lien or take ase ar f��-
<br /> this Seciuiry Iastrumeas.Lender may gi �8 e :
<br /> . . � '.. ., rnore of tt�actions set forth above within 10 days of the giving of no�ice. r,�
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