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<br /> ,� •. ,-. . TOGETHER W!'FH all the improvements now or hfmafter erected on the property.and all easemenu. unenan�cs.� ',.:,,�,:•.:, .
<br /> aPP c.. -:�..:,•.,�,;:z:, ._;;
<br /> '�f:� •° � fianues now or hereafcer a pasc of the P�P�Y- � r�lacements and additions shatl also be covered h� this Securiry ' .. -..':.�:,.:;;;�;;�,`_
<br /> t:='��:� �'. �t.AU of the foregoing is referre0 to in this Securiry iaanuneat as the'Pmperty.' `.,.,:
<br /> .• �:,.�;: .." • , 80RROWER COVFNAL�iTS that Borrower is lawfWt�seised of the estate hereby oonveyed and Aas�e rigttt to graat and - �r
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<br /> �cep the Property anA that the Propen) is unenc�unbered.excepi for encumbrances of:ecarcf.8nsrouer a�ar�suts and a�ill . ,: .
<br /> ,,' , T�.� � defend generally the dtle t�the Property against all claims aatl demands.subjea co an�encumbrances of rernrd. .' '
<br /> � THIS SECURiTY I1�STRiJ1�lENT combines uniform cm•enazus for aatioaa2 use and non-uniform ro�enants alth lunited :_« ,. �� "
<br /> �r _� ��ariations by jwisdistion w constiiute a uaiform securitg iaswment oovering real propem. �;:;°��.."t:'��-:tiz�f`,:
<br /> . � UIvIEORI►!COVENANTS.EorroRer and leader oovenant and a�ee as foltows: `v�-:<-..: :° ...
<br /> , � 1. Ha}�m�t of Prindpal aad Interest: Prepa}�meui and Late Gbarges. BorroKer shari promptly pa� w�hen due the ��1'.'-' ;°,..',��'.
<br /> �'�,'� principal of and intetest on the debt e1 idenced by the Note and anr prepayment and laze charges due under the hate. - :.-` r
<br /> y`��..`Y-' '' i 2.Fnmds for Taxes aad lasvrance. Snbject to applicable law or to a written w�iver b3 I.euder. Borrou�er sha11 pap to '� t .� ` _
<br /> • . .. ': ! i,ender oa the day monihl�paymenu are due under the No�e.undl the Note is paid ia full,a sum('Fuads')for:(a)yearly ta�ces ', ,
<br /> � � and assessments v�tuch may attain prioriry over this Secutity Instrumeut as a lien on the Property:(b)�eariy leasehold payments " , � `;
<br /> ecu i
<br /> or ground rents on the Property.if aa}:(c)YeariY�tdor pmFe�insurance premiamc:td)Yead�flood insurance premiums. ;' `�
<br /> ' en s �
<br /> .�::°r''�1 if amj;4e�yeasty tao�tgage insm'auce Pceminms.iP an�: aad(�atty sums payable by Borrower to Lender.ia ascordance with :fi�f;,,,,;,:'
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<br /> .. ,r,� t1�gravisions af pazagraph 8.ia.Iieu of the paymeat of mong�e insutance premiums.These items are called°E�cmw Items." ,��� ,r.
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<br /> � . .. �.;'� Lender ma1�'.ar aay u.me,coltea anr�6o1cE FuIIds.in aa azuomm�ot to exceed the maumum ammutt a Iender fur a federally ���j;r,� --'`.:�v
<br /> °% f o r S o r m w e i x e s c r a w a c c ouIIt�tder the fedenl Reai Estare 5�te�ent ffroeedures Act of ,�`i rt'����q�E'��
<br /> ,.:' � re T a e a d m'°tt a a o I o a t x m a Y T e q u i T e
<br /> ". F974 as azn�deri fra�am�tn dm�,LZ U.S.C.S�tioa 2601 et s�q. ('RFSPA").unless aaother Iaw that a�slies to the Funds �, i tt`r�'" `s.-
<br /> r .t: sets a Ee�c autoimt.Ef sor 5�ender rual', at aay ame, wllecc aud 1�oId Funds in an unaunc nat to exceed the lesser amowu. ;•+= _
<br /> - Lender may estimate tbe ai�zcuac of�unds due oa the bazis af au��t data and reaso�rebte�of expendiuues of funim
<br /> { Fsaow Items or othecwiseia accordance with applicable law. �: t .
<br /> • >;� _
<br /> � � � } ��:1 The Fimds sbaiZ tsz lis�d "m aa institution whose deposlrs��?�t�tr�' a�iaat�x, �tality, or entiry
<br /> . ; ` F `i .('uicludiag Lsnder,if�1�r:s such an insritution)or in any Feder��tu�'f�sa��'�a�.lxndez�a�y ttie FuAds to pay the �1 fi�s - �„°� -
<br /> . .. r„�'z•r ��,Itemc.Lender��l�t charge Bormwer for holdin and� �$the F'�3s;annufilI}ar.a'sy�n�.,�..�,v�acooun�or ,�. * �: ---
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<br /> ` ;r� verify�tt�.Escrow IteQS:unless l�euder pays Borrower int�-t mx a�e Funds and appIicable II�u perm�;�rdzr[o make surh ,{�t ��;=
<br /> ���+'�=� a c6arge.Fiawever.LeQd�i may reciuiie Borrow�ta p�y a on�-t��5arge for an independeat:seal estase ZaS:; •r�omin$�?�oe ; �-''a —_
<br /> �F� �t is made or ..;.�• -
<br /> � .': , �sed by L�ier in od'�i�xian a►ith this loan. uu1e;�:appli�able'Faw provides otherwise. Unless an agreeiYi..
<br /> ` �. r:�Y . a{�pIf�;►�C tecluires interesc to be paid,Lencte�r�.t:�os be required to pay Borrower any iateress or e'*�+�s on tl:e Funds. � :.��`,�.
<br /> • �t�' g��y�;�����y a�ee in writing.howe�::i�inier�5�sals be paid on the Funds. Leuder shal]'�cve to Borrower. --��,
<br /> ;:' °'=` :u;it�m��'s�e.an annual accouadag vf the Funds:sliawing a�.'�s and debits to the Funds and the pur�wse for whi�h each ��^=,.
<br /> `' .�,:�it ta the Funds was tnade.The F�s sre pledged a���dditianat se�rity for aU sums secured by this Seaurity Instrument. =
<br /> '�•� ,,.:r ' � If the Fuads hetd try Lender exceed the amo�s�amitted to be hetd bY aPPUcable laa.l.ender shall agrvunc to Bonower -
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<br /> _.;,:, , . � ; �:� .ior the excess Fuads ia�ardance with the requirec�ernxs of applicabte law.If the asnount of the Fuads hekd�iy Lender a�aay . - -
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<br />,:;:,,-•.,,,,;,�". . tane is not sufficienc co�;the Fscrow Iteias when di��a:Lender may so�otify Botrower in writing.and,ia suc�case Borrower ��,;,r �,---_
<br /> � ���.:•+� ' -_•_
<br /> s� ;�: shall pa�co.lrender the amouat aecessary to make up the deficie�5-Borrower shaU tnake up the deficieacy in no mor�than
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<br /> , '%,<,, a:'' twelve ur�SZY Payinents.at Leader's soi�.discretion. • •,. -
<br /> ,.. , �.,�;j,..,.�>. Upoa payment in fuU of all suras:satured bY th�s Secua�ic3'In�oru�e�- Il�nder shall prompily refund.t�a.Bornnue�r a�ny � --
<br /> ,;- Funds held b�C Lender. If,under paragraPh 2l.Le�3er s��asqu*.���,selt the�:operty.Lender.Prior to t�,'sor�isidon or sale , 3 _
<br /> , ',t}';'i=:r'�' of the Pcoperty.shall apply any Funds lield by l.s�r3�:�tY�e iime.�f ac g u i s ition or s a le a s a c r e d i t a g a i t n a.r 1�e s:i m s s e c u r e d b y �- • __�="
<br /> ::,s.:',,i:..+"�F this Serairiry Insmiment. ': �• . �' "�: � ,.�. .' ., .� .� ; � t � --
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<br /> 3.Appllcation oY Peyaieats.lJnless appliCab''e 3aw pi�estf��xda�wise.all payments re�+r��¢�;�nd�r under paragrap}u ,,�•�_
<br />_�. �_ �� ;:• . a t� �due tiader�he No�e: second.to at�o�4'.��'aua'bi�u�der paragraph 2: ��;;', ;'.' . —
<br /> • 1 and 2 s1ia11 be applied:first.to anY P�P Y� � :.
<br /> � - third.to iaterest due:fourth,to principal due:and Tas�c.,10�y lace charges due under the Nou: r;� . � �,��+ ';: � , , ,
<br /> ;,,��f '� •'� 4.Charges.Ueru.Borrower shall pay ali taxes. assessmenu.c�arges.f�dxs and i�a�'v?r.'s�ttr��u'.a�II�to the Properry ,. �,} -: -
<br /> �:`,r�,'`,';r.':�,,. w hi e b may+a tt a i n p ri o r i ry o v e r t h i s 5 e c u ri t y l n s t n u n e a�.a a d 2 e a s e h o J d p a y m e m s a r g r o u n��s, i f a r s y.�o s r o w e r s h a ll p a y ��, �� . _
<br /> y .....�/. r•t'•t,.;�• these ohii�ations in the mannsr provideA in paragraph 2.or if iem p�i,d ia thac manner.Borrow�:shall pay them on tlme directly ' ;. ,. _;-
<br /> . �.::j:s•:,;;;�`: to the g�ssx��awed payment.Borrower shall promp�ty fumish to lreuder atl notias of amounts to be paid under this paaegaph. : .
<br /> e ' � =_
<br /> � j . IS Borso�s�z,makes these payments disertly.Bonower sha11 promptly fumish to 3Znder receipts evidenc�teg cTre�aymenu. ` �,.r--
<br /> `'f � ' �or.,mwer shall prompdy dischatge any lien whicb has prioriry oyer this S�i�ity InscrumeAt uttless Bami�:(a)agees in �."' L'
<br /> :" �,�,�t� ; writ�.:�KO�e payment of the obligaaon secured by the 3iea in a ca�er aeecpiable to Lender:,�hkcontesis ia gda�d fait�the lien ,:, �
<br /> ��� ` b��`Fa�.y, : by.or defends agains[enforcement o!the lien in, legal procea��gs which in the l�ea�tc#.'�s'c�g�nion operate co gcG-Ycm..che ���•_
<br /> .t"f��4"',-'' enforcem�t of the lien:or(c)secures from the holder of the lien am agrcement saiisfactor}'c�'1js�der subordinaciag ciie�lt�n to r���;�o�:
<br /> °"? ' . . =. this Securiry Instrument.lf Lender deternaines that any pait of the Property is subject to a lien whicb rnay��I�iI►prioriry over .;;;� '�'�::'
<br /> , • � � tL15 SCCt1111}r Inctr+�ment,�nder may give Borrower a nodce tdentifying the Ii�.Borrower shall satisfy tlice iien or take one or :. ;,, �,;
<br /> .. � more of the actions aet fortb above within 10 days of the giving of.nncice. :� .t,;.,�;;,.�. ..-
<br /> • Fortn 3�28 9l90 '; �;t':. �
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