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<br /> , ' : ` . .i ; E TOGETHER�YiTH all the impro�ements no�v or becunfter erected on the property.and all easemcnts•appunenances,and , .. �
<br /> `� � `' fixtures now or hereafter a pact of the pmpeny. Ali regiaseraenu and additions shall also be cncered by this Securiry . •�.�„°.�,�,.'"'`r.
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<br /> � . �:� insaument.All a€the foregoing is mferre�to in this Securit�[nstrumeac as�he'Property.' `,,�r,�z,:::s - .:�.;. .
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<br /> _ `. ,: �� �ORROWfiR CO�'ENAl�'fS t�at BorroHer is tawfuliy seised o4 th�e estate heretsp conee}•ed and has the right to grant aud � .;'�:��`�;';;�: �� �
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<br /> convey the Pcogern� and thaL c�e Frogem is unencumbered.exceFt for c�¢curttbrances of record. Borrouer�rarranu aad K•i!1 .` .�_s
<br /> . -'�e defend general�y tr.e eiite ea�Praper�agaiast all eiaisus and dernar.ds.sr.9ject ta any eneumbrances of record. ..,... �''`.�.:- �, -��;:�,�
<br /> �.--• -���� THIS SECt,'RYfY 11STRt��lEh?co:nbflnes ur.if��cc�venanu for nacioaa!use and aon-usiform wLe�ancs wit6 iimited . ' .
<br /> .��� variatioas by jurisdiaion co coastimte a uniform sec�ricy issms�ent oo�ering real pro�er�- _ ,' , � `
<br /> `i U11FOR.yt CO�'EtiA►NTS. Eorrones and Lender co�.eaaat aad asree as follotivs: � .. ';.':
<br /> . .:.i l. Pa�meut of Prlacipal and Interest: �ywert and Late Charga. Borroa�er shall promptl� pa} a:fneu due the ,. _- ._._ - :-.:,
<br /> pri�,.-cpat of a¢d'uuerest on the deSt e�ideaced by the hote and az��repa}ment and lace charges due under the 1ot:. � - � ,=;}`;
<br /> 2.Funds for Tares and[nsvrance. Subject to applicat+ts law or co a a�ritteu�aicer by lender. Bormw�et sAa�2 pay to : • „'
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<br /> .' , . .� lxnd�oa�r da�m�*aa�h pa?�neats are due under the Note.until tlle l�ote is paid in full,a sum t'Funds'1 far.Ea1}r�[axes -,���,:,,,;;;.�.,.,,, _.
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<br /> _� and asse�neats a�hic�mn�antain priorin oti•er ihic Security�asuvment.as a lien on the Property:(b)�early lease�oid pa��ments :-"+�•;,:'':`•�-�`={`.;:r:
<br /> �' �� ar ground rents on ih�Prope�m.if an}:(c)y�earh hanrd or praperty:ins��rence p�miu�:(d)yearly flood insuraace prem�ur�s. • f°; ' ;.
<br /> ._ if any:lei yearl}-mo:tc.ace ansuraa�premivras.if any:and tfl�J►.sums:payaM�b}Bonuwex to L�cdeF, in auordance wic� r. �,t ::
<br /> . th°provisim�s of paragsagh 8.in.tien o4 the payment of mortgage isssut2m.cepretif�brris.'Fhese items a*e ealI�cl'Fscrow Items." � .� _`•;,
<br /> ' Leader may.at an}rime. colfeet aad ho2d Fimds in a�s.amount noc.ta�%c�ed'the maicimvm amouat a lend�fo:a federalI}r � ��,
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<br /> relaz�mongage loan may sequire for Bn�ower's escrow accuunt un d e r i he f e d e�a l�R e a l E s t a t e S e t Q e m e n r$t o c e d u n s A c t o f , L t, ,j� .� . .
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<br /> ` 1974 as amende3.imm time so[ime. T2 iJ.&G Se�ian Zb01 et seq.("R�SPA').unless another law t�at applic�.la the Funds • ti�r,'� ' �-
<br /> . � .. sets a laser atnount. If so. lxuder ma}►: ac'an9�me.coltec[.and hotd Funds in aa amount not co exceod�tltrl�sgr a�uount i` i�;,� _
<br /> �� " T�ader iaay escimare t he aabawn o f F u n d s d u e on t h e 6 a s i s o f c u r r w t d a t a a n d r e a s o n a b l e e s c i m a t e s o f e x p e T i d 3 i�i m s o f f u n u e ��.:?;���:f��;..:��,:.�::---_.
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<br /> � ' Escrow Items or otherw}se'na.aceordaace wich applicable Faw. ; .•"• t;�° __
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<br /> 7he Funds shaU be hetd in an in�tiwuon whose deposits are insured by �federal agency. inucumentaJity..a�eatin ,,i�r�� �-. -
<br /> '� ' (inctuding Leader.if Ixuder is such an in�tizoi�cm)or ia�n}Federat Fiome•i.vau Saak.Lender sbail a�pl}the F�s$"s:w��ia�:.`:1he , '� ,.� ;�"��=.-
<br /> '�i' ; Fsemw Iteuis.I.ender may not charge Hoir.u�uerfor M�s35ng and aPPiYisig tiie Fnuds.annualiy analyzing the escrovr•account.oF `^ ' �L �_
<br /> �. f��� <<erifying the Escrou hems.tmless l.endex patys.8orrv��i�eres[on t�m Furrds.arr�fi.a�rglicaDle law permiu L�oder ta tnake di� . � -�=--
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<br /> • ' �� a charge.However.I.ender may require Borrovues ta pa�;:a;�e-ti�e chairge fer zu ind�endent real estate tau repoiWig senrice ;, .�}
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<br /> usod DY lender iu oonneccion with this loau..unIes�,�3��able laa provides oi�p:vise. Untess an agreeitteqt:is made ar °` �a�� �� �
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<br /> .''����; applicable 1av��luires interest to be paid.Leadecs�falT,pffit`��required co pay Borrower any interesi ar earaiags}Sn ihe Fuads. � ..���,
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<br /> . . �.. •;•�r, • Borrower aad i.eader ma�agree in wricing.kr���ever:ch�c'interen shall be paid on the Funds. l.eader shall pYe�o Borrower. .���;:
<br /> 't' �' aithuut charge. an annual accounting of dte L��.�t�v?�nS crediu and.debiu to che Funds and the purpose�fd�r which ra� �,_��. , ,i
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<br /> ���'�;��,��� 4�� �' debit to the F�ds aas made.The Funds are p:edged as�d.i��nal securiry for alI sums seaued by this Secaxis,*y�t�'�{neni. "�i'
<br /> '�';F5"' �� it the Funds held b�Lender excee8 the amounts�'�snit�d to be hetd by appp.ic,�ii�l�e taw. Lender shaU aa4P�l-tt:�BOnower � , :s :.
<br /> ;�J��` .. for the eacess Funds in accardaace with rh°tr4uirers►�'a�`applicable law. If ctie�r{pt�ac o f t t ie Fun d s hetd by�er at.a a y a�'�hY ���{
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<br /> : >t"� ;. tane is not sufficient co pa}the Fscrow Lt,�:e��en due:Lender ma}�.Jir.r�'} Bo�er in writing.and,in such case Harmv,e}- �, ,.:.�+,,,, ;
<br /> . _�',�1;. � shall pay to Lender the aznount neceasars�'��*:r�ratce up-the deficiea:y l��msut�:�,'tnake up the deficieacy in ao mot+e��,�r ::. ;:sy Y;;���
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<br /> 'y � cwelve moatW�paymenu.at Lender s sal�:�i�csa�ion. .; ` ;;`,. .`���• .. ` .�� ,�. <z�` x :
<br /> � .. . ' ...�Upon payment in full of all snms �crti�hy�ttiia�_�rtiry Instr�tmem. Lc�.i�r s�alf promptly refiutt�ca•. v.er� � c,,.� `� t�,., Y��;
<br /> : �W�s held b}Y.et►der. If.under paragr�r?#i1.,;�'�d��3`�NiT�or sell the Prop�itq.L.eader.prior to the aiaq;�i�f;�ct s�k` � �;
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<br /> . � . , `•� of thQ Progecc�.:�sall apply any Funds k��ize J:r�d�t ac the ame of aequisition or sale as a ecectit:E�e��ns[che�ar,�sL�ue�-�?1��., :;�: �f¢�r.�_
<br /> '� tbis Security lnsuumeni. . ; . � '.' ;• ,�.•�:• � � • , �, �- .�`�"`-�
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<br /> � 3.Appflcation o!Pap-aaents.lJntess appTicable lafi:�vides otherarise.all pay,rnea�[s rea.ive6"Dy Lendetv�s���aragrapiss�� T 3 ,; �._.
<br /> � l anA 2 shall be applied:f�,.ti+anY Prepay,ment cliar�dSxe under the Note:sea.i�;.*a amaunu payable u��ragrapb 2:, �=�;�3;:�- = — -
<br /> � � tbirA.to interest due:fourcti„r,�.�zfncipal due:and last.to�r lace cha�ges due undea.�Note. �i �, . ���+��:�.;: �
<br /> •� � 4.Cbar�e�i.feps.Ba�r sha6I pay all taxes,assessmen�s,dz�:s..fines and impositioas anributable ta tSia Pm� : ,
<br /> ' � -- � • . which may uea'sn prionry q��r�is Sec�.c;ity Instrumeat.aad teaseL'ol�:��'ments�s:ground renu.if any. Borrower sAali�nv.;=. , ,: -=-=-
<br /> � these obligations in the�a�s piovided in paragraph 2.ar if nol.p�i�:�ltae mzrnsr�',:�'s��tower shall pay tttem on time dtrzdlj'';� ' . p� �� : ��F
<br /> ,:;.. . to the person owed paytneur Hr�rrower shall promptty furais6 co I.e:►1�r'a11 nottsa�i�t;aucounts to be paid usuFex:ttl�s P�P�Pb• . . ' l���,t�i . .` -
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<br /> I f B o r rower mall•es these p a ycn�nts directly.Bonower�1'j�r�mpUy furnish to Lender receipts evideacing�e���s�itents. , ��r,� ,.; `����s:.
<br /> f •, : ,, r''.` �:, Borrawer shalt promptly discharge afi lien which3ras.paosity aa�r this Security Insuumeat uNess Botms�c�:(a)agrees in ' ,.�„b4
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<br /> �- :! � �i ariting to the gayment of ttte pbligation secur�by clte�im�;au a en4ci�s?'�=caPtable to Lender;(b�l,iaamests in good faitb the lien �' ° j��
<br /> � ,�•;1�,.. . .is�;, or defends againss enfa�ement of the lien ia. tegal_,�amreedMBs which in �i:ender's opinion aper�t�;to prevent the ;. � .t �.'.
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<br /> ,,r.,���,-• � asf�reaemeni of the lien:or 1c)secures from the hoPder o1:�11n tien an agreemertt�at�i�farxory to(xnder su8ordihut3rig the lien to �, ` ',a—;
<br /> s��xt;;��;: ;�,,'`;,�i:`;', this Security lnsuument. if Lender decermines that anY phsi�of the Praperry is subja+c�io a lien which may z���t'priority over :
<br /> "!�r':��•,'�;�.;ti,�t;lr'�t this Secvriry]nswment.Lender ma?give Borrower a noiice idenrif��irt�the lien.�orrower shall�atisfy the Iien or take ane or � '' .` •�;'"�.�
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<br /> �:,�,,��,.� ��` more of the actions set forth above within 10 days of the giviag�f naice:•� , � a;,•
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