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<br /> ....�:.. .5; TOGp'�1IIt wiTH al1 the imprrn emeats now or hereafta erecsed oa the propatty.aad all eacemea . uzt d .'� ,"
<br /> _ . . .";'r,.i�:; fuaures c►on or heteaRer a pait of the pmPenY- All t�Iaceaaents and additions shall also be cc+vecrd Dy this Secutiry . .: �; ;.. � .�,;;',_
<br /> " � - : I�asau�ent.AII of tIle fore�oing is refe�r�ed to iu this Secmit�►tascrument ac�he•Pcoperry.' ' .� ; .
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<br /> � F.., . _ 's . BORROWER COVENAI�7'S t.�at Borrouer is law[ully seis@ci of the estate hereby coar•e}ed and h�the right to gtant and .. �'`
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<br /> .. ' � s camey the Pcoperty and cbat the Prapeny is uaeacumeer�.e.ccept for encnmbrances of record. Bosroa�er narraats and a�l `,. � -.'��
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<br /> � " � � defead geaeraliy the atIe to the Proger�r agamst all ciaims and demands.subjact to a�eaaimbrances of record. ��•'`;'� � •;�_;%•,:.., .
<br /> • "..; THIS SECURi1Y 1N51RUMENT combines uniform coLenants for uatioaal ase aad non-unifarm eo�euanu with limited .',,!.,•�:' t-���;;,"�; °:
<br /> ' �` ! vaziarions by jurPsdiaion co ooasunue a uniform security ins�rumeat covering teal property. ..,:..
<br /> ` �_ � iJNIFORM COVEItiA1QTS.Borrawer and i�ndez wv�anc and agree as fallows: -`"-:<•;. ' .
<br /> :::� l. Pa}�ment of Prindpai ausl interes�FrePeymeut and Late Cbarges.Borrouer sLLall promptlY Pa� v►hen due t4e �'.,;.y � .�.
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<br /> t ; princigal ot and interest on the debt evideaced by the Nou and any ptepayzneat aad lau charges due under the Idate. ` ,:t
<br /> _- � .._, ���gor Taxea and lasw�ance.S�bjea to applicabie law or to a writteu waiver by Lender. Borrowar sLall pay to � .: � .` '.
<br /> • . �. _] Ixader on the day mflnttily paynnenrs are due aa�ferthe Note.until the Note is pud in fuil.a sum('Funds'1 for.(a)Y�Y� ,{ �
<br /> a aud assessmeats wtuch may anain pziority wer t h i s S a c u c sry•I n stnawea t as a I i e a oa t he P r o p e rt y:N?Y�Y t e a s e h o l d p a y m e a t s . -
<br />:' or�rent�oa die�copeccy,i�aay.(c}�ready ha7ard or P�F�Y innttamr�premiums:(Q)YeartY Saad insivauce premiums. �.� :';-,,: :;.'�-
<br /> ;; if aa�:te�j�art�r moi�age insL�►�pcemiums.if aa}t;auct(f�aaY sum.s PaYaItle tsy 8acmwet ta LeQder, ia arsnt�dauce with f y.;
<br /> � t�e pmS+�sii,�s of g��►h 8.in lieu of�he gayme�of morcg�age ins�ance premiums.These�items aze caited'E�cmw I�ms.' J � . {��ti;t ,.
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<br /> , _,� :�'.�.;�xnde��tiaY,ar a�z}ta�:collea and hold �i�¢d�in aa a�mt mot co esoee�t the maximum amouat a Iatder for a federally �f r , f:
<br /> `r� `�.f� :' ietacetl mortgage}z�.�require for BorroweC��scmw asxouis=under�.�Real Fstate Sc�tfemlok Procediues Act of •�tk� �'����;
<br /> r `�r,� r`;�� F,�`. '• 1974 as amen��,�e to ume.12 U.S.C.Seat�n 26Q�t et seq.('RE5f�'!a;`�,�kmless another Lavr:d,r�applies to tiie Funds ',ra�; ,. .-
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<br /> ;``f,<��,���j�� sets a lesser amouu`�t�i�i so:l.ender may,at any time.coIteec aa,s�.hotd Funds in aa`am,u�not to ex�d the lesser amount. ' � -
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<br /> �� ;�,� 1 - Leader may es[i�:e'�a:amount of F�due on the basis of cunent data and reasoaab�e�G�exp�ditures of fiuure ��-- _°
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<br /> `, ��'.`" ; Fscrow Items or o��in accordance aith applicab2e law. �.. .;s':: � :t` ! s�:s r
<br /> : , ��-;1 Ttie Fuads s�4'be held in an insarution whose deposits ace intivrcd�by a fodera!a�cY. i�ktY, or entiry e ta;'�J'���-.
<br /> ' � .: er,if Leader is such an institurion)or in acc��deral Home Loaa Bank.I.e���alt aPP�Y the Fuads w pay the 4 �:� �'°
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<br /> . .: : �•° � Fsc�y�r�?�rs.Lender may nat charge Borrower for hold'mg��pptying the Funds.��3atY�tS t�e esao�2+aoaunt or i`' r.�r�—
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<br /> ' � verify��'�i=�setoar Items.unless I.ender pays Borrow�u�:�,�the Funds and �av. ermiis I.ender ta�atae such "�s;�y
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<br /> ` . �<� a chargez�;�3�der maY recNire Bormwer to pay a�s'�e cd�arge for�n mde�ea�c real e�tase taa repoain�ie�rvice :',,` �.
<br /> -- =:�, used bg ta�t'�S"��on wit�this taan. �1�aPFlicable law provides othera►ise. iJntess a,a.�.�ement is made or . � �, . �
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<br /> . � :,;; aPPUc�I?�.�ra�q��nterest to Ue paid.L�nder sHall not be requimd to pay Borrow�2uy.iaierest or 4amings oa tt��ads_ � .;:�,�� ,;�-t r 1���'�_
<br /> .;�:..... � '- Borra�r�isz��,zmaY agmx in ariciag, however, thac interest shaU be paid on tke F�'s,i:ender sAall give w�artbwer. : ss ;�r`" ;l��:
<br /> ` • '' wit1���`;��ba]accounting of d�e Fuads. showiag c�edits and debiu to the F��:s and tti�puspose for ahidr each , f. ifJ
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<br /> . .'. � •v de�it t����.�'z�s-a�ade:The Funds are pIad�as additional sauriry for all snms secured by this�iry Instrumeat. .�, , r,�. •�-
<br /> •• � :.. • If cdte F�s�1ub?5Y Lender ea�ceed the a�u��pe►miaed to be held hy appiicable taw.1�►der.�'�,PS�couat m Sorrower ' ;��t'
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<br /> .. .. ��::;:;,�.; for the eAcess Funds in accordance with the��i�.,.enta of applicabte law:.�.the aamnnt af the Fudo�Rt��t►Y Lender at any :;. � '_'—
<br /> , . ame i.��aa,suffcient to pay the Fscrow Items when due,l.eu�r ffiay so un�t`y Borcower in wriqag,and:�'�cb ra�t3�acrower =' �;�:�
<br /> � sbatf_��ga Leader tlie amouat necRSSary w make up tde cE�s��cy. �orr.ira�er shaU make up the deficie�cy in�i,ia�e[haa `�i4,'4� .=
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<br /> � ' tweive m��iy F�..�irAeuu.at I.ender's sole d�ssc��a• . � . .�.• � • ._.
<br /> '' ; Upon Pay'�?i:in fiill of all sums se��i�.�this Sec.urity Insmwx�;;����:rmder shall pmmPtly�td to Banawer auy :•
<br /> , - - -•-� Funds held by Y.entT�3�:If.imder pazagraph 21,lE��er shall acquire or sell't55�:�rr'toperty.I.eadec,prior to�fue acquisition or saie ':,.•�'' �
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<br /> . � , . `�� of the Property.shall apPty azry Funds 6eld by Lender at the ti�te of acquisition or sale s�a��edit against the sums�erured DY �_..:'�t..';it<<���
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<br /> �. �•', this SecurIry Iastrument. � .i` "
<br /> • � 3.Appllcatton of P�yments.Unless ap�licaple law psovides othenvise.all payments u�n by. gr`}�der P�8mP1� f.' �`�
<br /> � . � � 1 and 2 sball be applied: fust,to atry prepaym��arges due uc�der the Note;socond,w aa���i�•�inder Paragaph 2; ; ;:•_�-
<br /> �, ' �.. . . �,.; third,to interest due;fou�h,co priacipal due:aiz�:I�t.w anyr late charges due under t�e Note. , .: ":;=::;:. :;. •�. � ;,:
<br /> ' ; '� ' � 4.'-�fia�ges:�fens.Boaower sDall pay al1 taxes,auessmenu.charges.fines and imgsa�c�oas��Ie to the,Pmperry � r. '..,_.
<br /> , '►',�,.��` " wtiictq iss�t�attain priority over ttpis Securiry Insm�men�aIIad lea,seho2d paymenu or gra��rstzs;'i�s�.�: Sort���4 PaY •e:`,�����_'
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<br /> � ' - these c�riaas in the manner provided in paragcaph 2,oz iEvr�t paid'm that manner.B�riu�ut sha:,�}�a��if��m oa�,i�i�+nsx�Y .,';,•; `'�.'(� . --
<br />_ �` . . � to the pelsson owed payment.Borrower shall pra�sly fumish to l.eader all notices of amouau to bs �der this „�.. `
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<br /> _ � . If 8orrower makes these paymeau directly Ba�ui shaU promptly fumish to l.eader recetpts evid�c�ihe pay��:..�-� ,����;�;,`. . �-'�
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<br />- . ,. . Boirower shall promptiy diset�arge any lis�cr�ficb 6as prioriry over this Security�t wiless Borrower:(aria�es in , ' �� _ _�
<br /> ��'"'� :r�: .-r vvripng to the t of the abii nn�ecurr.d b the lien in a inaaaer aoce table w�:�'b)eantests in goad f��t�13w - ���.;.'� '--�",'.
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<br /> � : , by. or defends agair.�t entorce�rst..u��e,:ie3t.�, leSa1 Pmceedings whicb in the Leact7�'s opinion operate to prevent the ,' {,��-{ �;'4°..
<br />_ . � enforcement of the•'.i�;�ar.(a)�.���cuar_��1'na�der of the llea an agreemeat satisfaccory to LeuC7r,�ubordinating the lien t0 � , `�'�,�_ ..i:-.
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<br /> 3 this Seauiry Ipsuu�iert. If I.ead�t,+�et�rmi�s Uu3t siry past of the Propecty is subjeci to a lien wbieti itt�y attain paority aver ' ,�.;�., .
<br /> . ' th9s�iry Insuumeat.Lender�}s�Y�ive Borrower a aocice identifyiag the lien.Borraswer.�liall satisfy the lien or take otte or . ,' „J��� i.� . ��
<br /> -� � • � mone a���ta actions set forth a6ov�.wiluiA 10 days of the giving of notice. ���'{;��5�� ':: �
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