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<br /> . � � :�:�'. 7'OGETHER WITH all the impmvemeuts aow or hereafter erected oa ihe properry.and ali easemencs.appunenanoes.and � . .
<br /> � �� futures now or he�eaiter a�pazt of t�e proQeity. Ail rep2acements and additioas sbali also be catieced Dy this Securiry . ._ :-'° �;��,�.`
<br /> � ; ;:�� tnsmuuen�Alt of the foreg,oing is refercod tv ia tbic�auity Ynscsument as the'Propsrty.' _ ..' .' _
<br /> � BORRO�YER COYENANTS that Barrower is tawfuily seised of the estate hereL+y ooaveyed and has the right to grant aa@ . . :..;�. ;
<br /> ., .. . . ` oonvey the Propeny aad that the Praperry is u�naimberect.except for encumbrances of record.Bormtiv�v►�anants aad u�i}i - ' ;
<br />.. � defead geaerally the tide to the Pmperty agaiast aU ctaims and demaud9,subject to az►y encumbrances of ceoosd.
<br /> `�' 'FHIS SF.CURITY INS'PRUMENT combines uaifa:m eovenaats for national use aad non-unifo�oo��sants with limited , �, �
<br />�- , ''��.- - s�asiations�y jurisdistion m oonstimte a unifoc�s�ciuiry insu�ment coveimg ceal prope�ty. ` � `: -
<br /> .; un � ._ _
<br /> ' . �:,. t3NIFORM COVENAiv"i'S.Borroa�er and Leader coveaan�and agrer as follows:
<br /> • l. �j�ent of Prinripaf sad Interesp Frcpavmeas ansi Late COarges. Soirower shall pmmP�Y PaY whea due the '
<br /> � .•= ':• ... �
<br /> ' ` ` princigal of and iaterC;t on the debt e�rideuced bg the Note and aaY Prepaym�ent and late charges due undu the Note. -_ ---:. _.:-_ :
<br /> .--� "- `t_4� :� . -, .. .
<br /> - 2.F�ds for Tsxe�and Iasuraace. Subje�to agplicabie L�nrr ar to a w�iu�s�aiver by lender.Bormwer shall pay co ='�_
<br />.- : ' � . �_11� I�nder on the day monthty paymeats are due widrr the Note.unsil the Noce is paid in fuU.a sum('Funds`)for.(�yeariy taxes � .
<br /> . . . -••-, and assessments which may attain priority over this Secvric}Iasuumeut as a lien on the P r openy:(b)Y e a r 1 Y leas e ho l d pa y m e n t s - . _. . _ —
<br /> s or ground renu on the Pmgerty.if aay:{c)Year1Y ha�d or proptity iasivaace premiums:!d)Yeariy Quad insutaace preminms. : ,.. . ' `,�, ::
<br /> . � ':� if aay:(e)Yearly mongage i�uaace ptemiums. if any:and(�aay sums payable Borcower w I.eader.in a000rdanr�urislx - . .<� ' ,: .
<br /> DY F•. .:. °`�. ��:.•..�.
<br /> " �` the provisions of paragraph 8.m lieu of Ihe psyment of mortgage incinancq p�mjums.These items ace calTed"Esaow items•."
<br /> F Lender may. at anJ►ums.ooltect and hold Fvads iu.��not to exce�d the ma�imum aawuat�teadeer far a:federalIy � .r � -r�:
<br /> ` (. ., •�5 f �
<br /> , ';, ;- relazed mortgage loan may require far BnmoweCs es�+nur amoc�ac under the federal Real�.Sarler�t Praaedu�+es Act of �;` j°�`""�"`"«`
<br /> m i�e , ,.: ,f s: �,� •
<br /> �y 1974 3S�IeIIdC$fI0A1 thIIe LO timC, 1�,�1�S.C. ,^=e��ri 26Q�E�1rQ: ('RESPA' .1mtCSS&�othEt 13w tl�i liES io the Filnds ^`t``:�; �•,�ry.��.
<br /> , � ) & 0 app E� � 2 , �, �-:
<br /> , .rM,`, a�ts a i�ser amount.lf so, leader may,;xi,auy sime.�lleet�d:•�td Fuads ia an amnunt.nmt ta er.cead the lesser amoaai. �`;�, r =-
<br /> ���?, �nder m�ay�e t�,e amotmt of&'d��u,e oa t�iiasis vf a�t data�rd.r�asanable estimates of ea�seadituzes of future �� ' ,F
<br /> .�,# �ssrow Items or otherwise in accocd�sr����,sl��Iaw. •:•;•; �� . �� ;�
<br /> • t°��;.: ' or enuity. � �.�,��.
<br /> , • "s,��x�•: , '�ie Fuads sitait be iietd "m aa���tioa a�se�degcsux��insnred by a federal ageafy. ms�talitY. , � f�,
<br /> s ,.,�„%Uy�'� �� tin�nd��uder if Iender is sach� .��.tdonj or in a��i'.�£�me Lo�Banlc.Leud�c"shall apply the Fwids�cr��?�the < <'�,, --
<br /> �,r(���,{F���`= Fsscow i��1,ender s�;smt�a�.1��:wer fpt ho2din$a��J'�tg the Funds,aanual�Y�Y�B��4�w.acadmn.or < . . _ --
<br /> f r `� � vecif}ring Nie , ` �Fimd�au�3 licable law permits F�atier zo make s� '''
<br /> � ` �rOR Ar�sn'�c,ualess 1.�pays�'�gr int��z'� aPP • -�, � .�g...,
<br /> �9�` ,. .r. �•� a charge.However.l�maY �ormc�ect� a csz,: cbarge far.�t.independent real esta�e¢uss�Qorting seivice -�;� �t .� ,
<br /> requiri• �'• '� .>,_
<br /> t '.y • f,��r�•} usgd by Leader in ar�qn wirI�..v�is io2n. ��,�)��""-��'��w pmvides sxthetwise. UNess an �t is �ade or � � � _
<br /> �
<br /> `.%;:`�����' applicable law:equires interest to b��Leade=sha7Y nat�+�ta pay Boiiower any i�te�sc or eazniags pn tA::�s. ��>'�
<br /> �- .. ;r��;x.,
<br /> . . �,`;�: Bonower and Lender m��:agree in w�i6ng•however.�t2iat iniPx-'.:3��11 be paid!a#�the Fttt��.ender shaU.give to Bonower, , , . . ��—..
<br /> ` . : ; without charge.an an�cr�i accouaang of the Fuads. sTzowiag�s and.debas t�stte Funds�and the pucpose for which eacb , � �_.
<br /> `� . � ;; debit to ihe Fimds wa�:. �..The Funds are pled�e�a�additioaal securiry for atC`�se�ued by this Sec�ctry Insavment. � > � �
<br /> . ` I f t h F�p m d s'�e G i.�s,,�r�t u a n d e r e x c e e d the amo u�s'�g s�r m itted j o,i�e held b y a p plicab�e Iaw.Leader shaii�ouut to Borrower ;`� ��` , .�.s�•.
<br /> � ;`� ' for t�e�tc�&upds"r�r�,a�ord�re witb the requim�of apK.;�te,laar.If the amouat of the FuQds het�by Ixnder at a�+ , �''�}�j� ;��f+�,�raacYa���
<br /> � , s�,�,�.�o.
<br /> ,. dme is�ct�'`�ecii�r��a:'the Escrow Iteuu when due,Ler,��so noafy Bomower iu wriwtg,aa�,in sv�hfcas�3�s��et.� ,+r`���`i�, �4r•,•�•L.
<br /> 'rf ,� shall pay to�est3e�r�e;�ount necessary to maL{e�.ib:t�'i'�ci�,�s.:.$orro�shall make up tDe defcie�r.s�:�;a�t� '�s�t,, , `, r:�t ;c:r„����.
<br /> ` � twe�ve montlilY Payme�:�c Leader's sole discr�iani,-:� :; �: ': •'`�;;�� , �: � , ��, :��x'`�" --
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<br /> " -r.,.v Upon gaymeat ia fuU of aU st�ms secured �7r�,,:Y�,S�si��;�is.�avment;'Lender sha11 promptty re�£���aaiiraaret any � '�,f;��" `'t���""�
<br /> -�,ci��;;�.-,�,'; FunAs�etd Dy Ieader.If.uader Pffi'aBcaPb 21.I�slr�"����sell the Ptoperty.Leader.PAOr w the acqtsisiaon or sale , r : --
<br /> . "'��' of the Praperry.shall apply a�r Funds held by I�Y�.�;+��eua��zcquisidon or sale as a credit against the sums secured by . ��;. s;��s�.�,�
<br /> -� �• : �-.�a =.
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<br /> ` t�S�Er111Itjl�AStNIDCIIt.
<br /> ',`.�� 3.Appllcatton of Paymcnts.Unless appUca`1rr,�.�c��vides otherwise.all paymenu xeceived by l.ender under paragrapLs ::� � y' � _
<br /> �� �� 1 aa�2 sha110e apglied:first.to anY Prepayment ef�,�s,due�ter the Note:second.to amounts payable under paragtapA 2: � "'�:, ``` .;"��`+��
<br /> ,.�. '.s �
<br /> i;•� .� r � third..w.am�erest due:fourth.to principal dae:aad last.to anp:�d�rges due under the Note. .;:.r<;{::;_;::=-
<br /> � ' 4:C�i�rges; eas.Borrower shall pay aU taxes,ass�.s,.�arges.fines and Imposittons attdbutable to the�roperty . :•;rr�•,=
<br /> _',%;''. � �, ahieD may attaia�id�`.$�i�rit�u Security Insa¢ment. and t�.,�told paymeats or grnund rents.it any. Bo�rower shall pay � ----
<br /> - � ._.. __ �. shesE obtigauons in the manaer pmvided in paragraPb 2.or if hot paid ia that manner.Boirrower shall pay tttem on tlme di�ctly ��,���
<br /> - . u�s: to the person owed payment.Borrower shall pmmpt�y ti�mish to Leader aU natices of amouau to be paid uader this paragaph. �.. '�,;;�
<br /> � ..`. ;, If Bo:raaer makes these payment�direaly. Borrower sDall promp}ly fumish to I.ender receipts evideacing the paymeau. . �;.:
<br /> ,r w.'."
<br /> : . � ' Boirower shall prompdy discharge aay lien which ha4 prForety over this Securiry lnsuumeat unlass Boaower:(a)agcees in =-
<br /> .' " , '' �` � wrlting to the payment of the obligadon secured by the lien in a manaer acceptab�e to I.atder:(b)conusts in good faith ttte 1i� . ' .�_- _
<br /> , -=-=-� - �' by. or defends against eaforeement of the liea io. leg,al Prooeedings which in the Leader's opinion operate to prevent the ,,;;.:;. . : ,� .��F�.-
<br /> ,:.,, ''' �foroemau of the lien;or(c)sec�ues from the holder of the Iiea aa agreement satisfactory to l.eader subordinatiug the lieo to ', r �^�:
<br /> �:�� ,` • this Securiry Inswment. If I.eader deurmines that arry part of,�fir.Pmpeny is subject to a lien wLicb may auain.priorip!over .,
<br /> � � 1Dis Secutity inmumeat.Isndtr may..give Bo�tower a notise idt�ti�yia8 tl►e lien.Borrower sLall satisfy the lien ot ca�ie+ar�or `�',�'r,,,� `.:
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<br /> .. . :': m4re of the actions set fortb above witLia 10 days of the givi:ag bfipeuce. � .. �i.,.
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