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<br /> � .. ;; • TOtiEtHFR'Glll'iH ali the impmvemr�ts now or heteaRer erected oa the proPertY•eIIl�8u�mmt9,appurtenaaces,and �_ •, � `
<br /> fixtures noar or liereafter a pazt of the pioperty. All rcplaaeateats and additioss r�ali atso be covemd by thia Security
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<br /> .�` ". '`,;j Instenment.AH of tite faragoing is�efened to in tLis Security Inauument av tLe'PtopeRy►•' < <..'
<br /> $ORttOWFR COV�N14N18 tbat Barrower is Iawfully seised af the estatz heremY ccaveyed ead bas tLe right w g�ant aad r ,y �, � ,
<br /> . . . `'.. �oonv the 7?t�geity aad that the Flopaty is uaeasum�e�+ed.eaoept fot encum6raaces of eea�nd. Bonower warraats end will .. ;�`�a.r :
<br /> ,�; � c�efmd geaert�tly.the titte to tfle PropeRy egaiast a11.cTaims ead demands.s�bject tfl eay�cumbranoes of�+ecard. , �-
<br /> ` " ` THIS SfiC�JRYi'Y II�IS'I8UlVIEI�T oambines unifor�coveasab for nadoaal uss aad aaa-�miform coveasnts with InmLed _ `�'� �`"..�
<br /> � � � variations by jurisd[cHon w ooastitµtae maiform sei�nity insttnmeat wverm�real propedy�, `_ ,
<br /> -. U1�ORM COVENANTS.�ott4werand t�endet covenant aad.cgtee as follows: '`�- "
<br /> -.. ` l. Phyffient o�Ptiacipal and� ��and Lsle Cha�gcs. Sor:owree sball P�omP�Y PaY whea due the „ ��
<br /> -.;-�R> > and late c d�vader the Nota __:_'':` _ :_..
<br /> _ prinsipal of aad'mt�est on the debt evideaad by tT�e Note and aaY P�Y+� ��
<br /> - - --. 2. �imds for Tsses aad Iu�aao�Su6ject to apyticabie iaw or tc a written aaiver�Sjt Leades,Bo�soc�es sball pay w �_S._-.�_--;�=_
<br /> --_--:_. _- I�ader oa ths d�yy monthIY l�Y�'ts are dcu��nder tDe Note,m�b'l�tbe Nota is gaid ia futi,a sum('Funds�for.(a)Year1Y�s .. . _
<br />. . `:•�j aad es�ts which may attaia p:iority over Wts Securicy Iasuunnent as a liea on the Propetty;(b)Yearly lsasr�old payutents �: `•
<br /> ' -` ce rzmiums:(ch Y�Y Saad t�uranse g�nt+w�. � . . " y..
<br /> ' or gcouad ients on the Property,if anY+(c)yeatiK h�m=d or prcDostY ia�uraa P
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<br /> ::�' if aa y;(e)Yarl Y tao rt g�ge iasuraace p��:iT�f{s�uY:aad(�eII7►�PaY�bY�vv�r ta L�der.i�scr,ordaace with . .
<br /> . - the Qmvisiams of paragiapb 8.ia lieu of the paymc�ut:of martgage msuraaco pr�uivans.'Ihese items ffie c a ll o d'fi s c c oa I t e m g.' �,: .':' ," ;: N_
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<br /> � ' Iender maY,at any time�cotlect aad hold Fimds ia am amount IIpt tn e�•tbs ma�nmum amouitt a I�der fot a fede�'aNy = T
<br /> zelnted mvstpp,e toaa may reqaQe fot Bsnov�rer's escx+ow acoo�t umder tbe fi�eraA Real Bsct�Sditetaeut P�oc�u�es Ad of �� ;:,_ ` •-�s. �
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<br /> . . `Y,��� 2974 as amended from time to tims.lZ U.S.G Se�iaa 260i d seq. ('RF•SFA7.�te�aaat�er law Wat applies w We Fuada _ :, _
<br /> sets a tesser amount.If so. Leader may. et aaY.time. oolled and hold Fim�s ia an amount not to excxai the lesser amount. ` �`.t�=�_
<br /> � . ' �� � Lender maY est�ste the ama�t of I'uads due on the basis of azneat data and ssasoaable estimatav of expe�iouea of fudue
<br /> Escmw Items or athexa+ise ia aa:oidance with Spplica62elaw. '� ='
<br /> - .:�'° 1�Fuads ehall be he2d 'm ap institutioa who�e depo�are �Stued bY g federnl ageacy. �Sds�e�liry+ oa=�mtit�Y ,, -_--
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<br /> � fhe Fonds�Ct��� �,.::,�_ �
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<br /> �". (i1 �. .. : Cmc[�Leader,if Leader is ench an in.9titu4tion 4r in soy Fedaral Iiome Ioan Bank.Lender ahaII app�Y � .. ;,.. `,°—
<br /> . _ .:.::-- Fscmw Yt�tds.Leade¢tst�y aot chaige Boicaoaet�fiotding sndapplyin�ths F+mda.aaanally aaalYziag t�e,�sc�'�� � .'.•., � "t
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<br /> . verifying tbe Fsccavs U�ems.anless Le�dea pays�+er ia4erest on the Foads an�applicable 1aw germit�,ffstder to malce siict� � . -
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<br />� ` °>€f. a c�arg�However.i.�tider mmY re�uira B�:ed',�P8Y a�n���8e Sor aa indegeudeat real�tiu[reportiag seivice :,F.::�`'; ,,:.t r.' ,,;'`��_
<br /> . . . used by L�der in oonnection vjf.4�titcs�:,�ess appticabte law pmvid�a�theiera� �Jnless aa ag[eemeat is made or - �'r-
<br /> ' ` not be to Bor�o'�ve�r�ir�terest or eamings on t�e F�mds. : � �.."'r-
<br /> ' :. _. .__ •spplica6Ie faa"+nquites mt�+est to 3�i j�E,:� tbat�aterest sbsll be cn the�s.L�ender aLa118nr -'. .._ '*�'•--�
<br /> Bmmwer aad Lesd�r cuay agtea ia�.ri:a$.�r. gaia e e ta,�Bonawe�r, e---
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<br /> .... wlthout cbarga,��1 sccouating oF Q�e�'+�,ahow�c�edits and deUits to the�uads and the ptupasa for whicb�ach —
<br /> " • debit to t�»Frmds!��mad�.lhe Funds are pled�ed as ad�tional secarIty far e�T sams se�.,rtd b1►d�8�tY Insttumen�.
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<br /> � .z U t���{.��h.1.#},'�6Y Leader eaceed tbe amoua�permitted o�be 6eld 6g a�plica�l�e`1f�a„�rnder shait arcwund to�Za'm,wea ---
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<br /> _' for the e+��it►.accordanx witL t�e:eq�ements of a�plicable Iaw.if @te���t�a Fimds held 6q L���y- : � ,..,`_
<br /> . , �" . tima�s���pay,the Escmw Items vvt�i�e.I�eadea amy sn�ao6f._������+and,ia such c�ss 8`ysi�vwes • .`
<br /> ' .��� s�a l 1 pa p���,J9ssQ�ount aeces'ras�+w�=� the daficiency.Boa�sw�r�L�"�tlie de�ia no moia thsa , 't t ��`,�T =-
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<br /> twelve r�c�n�'i1 �:•e�Leader's so�e fliss�Gi� , • f , ,t�::;� . ::.. ,. ` •
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<br /> . t in of a1�:,�a seo�ae3��iy this Sea�rlry Insunmee�tt, Le�der�G�£s�omPUY r��ud ta Borr�wes�y �.
<br /> ,���,�J,�<'` Vi��Y�► �e� Z! L e n det s 3�e 1 1 a c g a i re o r s a l 1 t h e A+a p e e t y,�3 i s r.g r i o r w t h e a c q u i e i ti o�o r s a l e -
<br /> . '���'�• ' :.t � Pl�ads�eId by I�der.If, ��� . ' , . �..,._�
<br /> . . ." of the Pmperty.ahaU apply nny Fcar�. d by L�der at We time of acquisition or eate av l credit against the sum9 seaued by �„
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<br /> ' � . this Sec�uity Insh+� i `: ;.,�-:
<br /> . . . . _ 3.Appllt�ton of Playr�t�.Ualess epplicabta Iaa pravides athecarisa all paymeats�ceived by Lmder�der patagrapl�a ; :� r� -
<br /> ,,,�, ' � ', 1�d�bb.�ll be appiied:firat.to aaY P�Ym�t��8�due uades the Note.secoad.to amouats PaYable uadet pu�sgrapb Z: '{, .�-
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<br /> : � ,� . thi�c2.,tta;s�s�st due:fouttb,to prine3pal due:snd 1est.W any late cLarges due wtder 8ie Note. . . ; a..a:-, :_
<br /> , • • : �(�aarges;Lieng.Bormwer eba11 pay a11 texes,as�ssmsats.c 5 a r 8es.P t n e s a n d impo s I c i o n s a t t n'b u ffi b l e.W t@ c&�:j�?.y: :�r.
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<br /> . •. �:.� qrh{cb fmy attaia�riorIty aver Wis Socniiry �r+nmeat,and IeasehoW paymente or gcound �sr if any.Borrow�t.�'�;t. :,..,' ,I'
<br /> _ :-,, ., ` � the.sa oblig,a�oas u►�ha mannar psovtded in�u Z.or if not paid in tbat mmnner,Borroavee ehall��s.tltrm on ti�c�ctt�i 'f :,. _
<br /> tn the peison owed paymea�Borro�+er sl�all��:�misD.to lender sU nntices oY amo►,ents to be�it�.uude*t�s�Pb- �+ • ' Y.
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<br /> ' '. If Banoavet tnatces these payment��d�'m��IY+�cer�s►nt sLall pYCa�tiy fumisb w I�ender t�l'qp�s evideaein�the�PaY��,' .�-�
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<br /> �`��';' ' �• gerroaei eba11 tl d liet�whicb has psiority over tLis 5ecurity Iau4m�.rr�t tualesa Eoiroarer:(���.9�n "-�
<br /> • pt'omP Y �8'��Y fi�
<br /> .� . . wrif�g to the pay�t of the obli�tioa secucrd�by the Lien in a maaner acce�table w Ieetl�`�@)��Sond fa��e lien ..
<br />_ • --��- by, or dafeads against enfoscement of the lieni in. lep�l P='oceedings whicL in the Leader's opiaivu:� �P�'�en w , ,.
<br />- � ' . enforcem�t oF the li�;or(c)secures firom We hotdet of thci lim an ageCam�t eatisfactory..to L�ader�sc�5o�dinating 4?� � • . , .
<br />_ .. � Wio�"wc�t' rity�astr�ment If Irnder determinea tLat any pnrt toEi�Propert3►is subject W��.en wbich may auaia tu3fa�±over . .
<br /> ' - t}da 9exmrily fastcument,Ieuder may g'ive Borrower a not�c�i�i:�fying the liea�.Boiraw8c sbail sa6afy�e lieam oc;j�e c�ne or . . , -
<br />-' . � ' �more of the actions set tortL above a+itLin 10 days of tha giving of notice. `:',..:•,:; ; • �'v' . .
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<br />- 114- 1982 • tbtm s:`,?.Q fllflo ; .,;�. .r e:F,•'.
<br /> : .: $RtIKEftas�:�a� LT044 vac.sms • �„ fit ai;l�
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