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<br />� ''``'�-.,_::•.�:. -., TOGETHFR W�1H all che improvements now or h�afta ecected oa[he property,and aU easemeuts.aPPunenaaces.aad
<br /> . -� < . • fu�uues now or he�after a part.of the property. All r�iaoe.meats and addidons shail alsa be covered by �his Seauity ` . ,•
<br /> ' a" ; Insttuaa�nt.Ali of t&e foregoing is referred to in tLis Security(nsciument as the'Properry.' . ' _ . �
<br /> � SORROWER COVENANTS tbat Bormwer is lawfuUy seised of the estate heie:+y conveyed aa�has the rigttt to grant and , � . .
<br /> ° ; oaadey the Prnpeny and that the Property is uaensumt�ered,e�oePt for enattabranoes of reoord. BocrowYr�ratranss and will ��;''� - ,�,4
<br /> . . :•. ; defeud geasrally the titls ta the Pm�erty aga9ast all claims aad demands.subject to any�cumhr�oes of reaoid. �. .: ,.�.
<br /> - THIS SECURiTY INSI'RUMEI3T cambines uniform ooveaantc for national use and non-imiform covenaau with limited -;:.,':, '.°�.��`�
<br /> ` � f variations Dy juiisdiction to ooasHtute a�miform serutity�t oovering teal pmpetty. ;,.c �: ..
<br /> � :•r�c�--�"';'� UNIFORM eOVENANfS.Barrower and LEnder covenant and agree as follows: ,;,::--.�:�;f�:�-.
<br /> =� "�� 1.Faymeai of PtFasig�al aad Intere� Ptepal►meai an� Late C6azgcs. Bornower shaIl pmmpdy pay when due tt� �- ' '-
<br /> �� priacipal of and interest on the debt evideaoed by the Note and anY P�PaYment and iate charges due uader the Note. •
<br /> ° � _,;f 2.�ands fos Taxcs and Iasvrence. Subjecx to applicable taw or to a written waiver by lgnder, Borrower shall pay to .
<br /> . , .,.�,,� L�der oa the daY�Y P�are due under the Note,unti7 the Note is paid in fuU,a eum(`E3�nds")for.(�Yeaz1Y taxes :�`.`�- •`-'.�:;�
<br /> r:.;;.1�,.� .�
<br /> - -� aud assessments wirich may auain priority over this Secnri�y tnsaum�t as a Uen oa che Pmperty;(61 Y�Y�Id P�� ;�s'.;�'�`�.
<br /> ::;{.' vr•�tnund�a� !lslettY,if aay;(c)YeaziY Lar�rd ur�rcopertY iasuzance F�iums*<�Y�Iy Soad insurauce premiums, ':
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<br /> . .,'; .�`.�;(e�Y�l����ce P��• ��I';�`,���Y sums payahte bg�orcower to�;�,eudex.ia arratdanoe tvit� � , . ; { r.,<<`'
<br /> . �.�visi�us v�garagta�h�,in lieu of the payment of�.I�ge ins�u�n�oe pre�ums.These it�aie calIed"Escraw Items.° t�• > ',,""
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<br /> : I.�e�r�,�i:az�+:time,o�Uea and hotd F�mds in an aqauunc a�t��r�ceed c6e xaaumnm a�unt a Iender for a fedecaUy i � "�`L.:
<br /> • `` te22u�a'.�J,�C�����t�for Bormwer's�smw aceouat ti��ir the fedecai,Q�aI�state Setdement Pcocedu�es Ast af � ; t�_.
<br /> :�_ .�.,v 14��:,.?s�'�tt;'i���-�:��ne, 12 U.S.C.Secuun.�r01 a seq.'('R�SPA'7,�}S�';a¢other law that applies co the Fuads
<br /> .�;. ae�.c�x i��ri�t.?if��;�7Frs��er maY,at aaS► time,cz�!�x aad hotd Funds ia�a a�in��nt not to e�cceed the Iesser amflun�. .`-� -
<br /> ' -"�"`' ���:�ua�siis the �amsi�,iu of Fuads due on tt�Fi�af cvsceat data and nast�Ze�of expeadit�ucs of fntune ----
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<br /> T�sow Items or athen�rise in acoordance witt�apglica6le�aw. . •r.�'=
<br />- - � - • ��'-' ,;� The Fands shail be hetd ia aa instifution wlcos�?;+�osits are ir�u�d by a federal ag�n.y�;si�aljty, or eatitY - '.:.�... = °
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<br /> , �ir�uding Lender.if I.euder is such an iasritutian)or ii�a�Federal Home Loan Bank.Leader s�.-a�Iy�T�s co pay the :_ << �=
<br /> , �: �pw Iteu�s.L�der may aot chaige Borrower for ir��r�and applying the Funds,aanuaUy an�,��the�°awo�mt,or ' �
<br /> ' .�'� ��ityriu8 ihe Escrow Items,unless l.ender pays Bormwe��nterest on t�.e Funds aad applicabte la�a�jp�its Lend�r,?�make such; 'q �-
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<br />- • a charge.However,Lender may tequi�Borrower ro pay a one-ume r�e for an iadepeadeat���ate tax repo�ng setv�:� �, �: �. •..��•
<br /> � - �osed by Lender in conuection witD this toan. unless applicable iawi:grovides otiz�wise. Cu�'aa agceement is made.i�r '; '• ��f.�:�.' �q��
<br /> . er�►Plicable taw requines intea�m 6e paid.Lender shall not be cequiced to pay ID��+�aay ittt�est or eamings on the Fuuds:. ,.. , t e s�;s�:
<br /> f r� , �l�rC+ower and I.�der may�in writIq�,however.that intecest shaU be 4m 133��"ti�ds.�L�der shallpt�R[a ta Borrower. ':,
<br /> � C�'?,. .� IS13�t11JdRiL:
<br /> � ;;��; `�;' �ithaut charge.an azmual ati�dunting of the Funds.slmwing credits and debits to�.��mds a��Abx P��axwiuch each . ���{�����
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<br /> . � � :: debit to the Fnads was made.The Ftwds are pledged as additionat s�►for all suins s�cured b�i����ty�I6�",:meui. , �� � k�, �
<br /> ' . : `. . If she Fund4 held by Lender exceed ttce amnuats gecmitted to be i�l DY aPPUcable law,Lxa�ar��Al<��a Borro� �,� �-
<br /> .'(�.. t,, `• � �"�s:�ie excess Funds in axordanoe wlth the requuemeats of applicable law.If[tie amount of the����ieit��,�'c�er az�t �� ;t ��• �,
<br /> � ,. ' •`a.��s not s�t'icient to pay the Esemw Items when dnz.'liimr?�gr maY so aotify Boaower in�vridag,aad.ia s�:tic�'.!�¢ :i�r,'u'� .' ,{ �,>r; .
<br /> ' :�PaN to Lender the amaunt necessary to make up�+�deacy. Butrower sbaIl make up the deficteary��.ii�s:�:o�� •;. _ —
<br /> ���, tweive moat�iy paymeats.at I ender's so2e dissxetion. '� ' . , ;. '.' . , .. �,� . • � � � —
<br /> "" ;': UPon Payn►ent in full of all sums secured by this Secudry b�au�ent, I,ender shall pmmptiy refund to Borrower atry >`.,�x"'-` ._-
<br /> .' °_, 7 rv��• �-
<br /> ��� . Funds held by Isader.If,ander paragraph 21,Leader shaU acquire oi�1 che��rr,�,Lender,Prior to t he a c q u i s ition or s a le �t ., .�'-
<br /> ,t�r� ,'•: of the Prapeny,shaU appty aay Funds held oy Leader at the tlme of acquisiti��m�s��as a credit againse the sumg secvt�d by � '�
<br /> `: �'a";f.;.��:.�,�:... �.. this Security Insuument. ;:;. ;• .� ���,� .��,��--
<br />:�.�'r:�raY�•,`.. ;�`�,��, 3.Appllcation oi j'eymeata.Untess applicabie law proviQes otherwlse.ali pay�na receive�l b�r Leader under paragraphs .. .,� °
<br /> � °f Y. � 1 aad 2 shaU be apQlled:fitst.to anY PreQayment charges due uuder the Note; seoond�to amou�7��a.yab2e under paragraph 2; —
<br /> -a tbird,to iate�est dne;founh,w priacipal due;and las.t.to�y 1aze cbarges due meder the Note. � '
<br /> -;,";���: �l � . +�.Charge�LtPns.Bormwer shaU pa}r all taa�'•�ssments,charges,fir�es,aad imposiaoaa.aun'butabTe:�a�the P�nperty -. .
<br /> ;��':;%. '�' . ..�ai�ec�may auain pr�oriry over this Soauity insaumedirs�d leasehold pay�e�asis�gm�md �ents. if a�r.Boiscr+�er shall pay -r"x•-__
<br /> � . �� these obligations iA the maaaer provided in pazagrapL Z.or if not gai.c�,i�,t�t mamn"et,Borrower shall pay them on dme d'uealy_ �-�
<br /> � to the peison owed paymene. Boirower sball pronrpdy fumish to L�,n3far�not�ces of amounts to be paid�mder tbis paragr�pt�:.
<br /> � , .. If Boaawer makes these payments directly,Bo:rower shall pmmptiy iiamish ta Lender rtceipts evidencing the paymenta. . . .
<br /> - . - - �• Borrawer shall promptl�.discharge any lian which has priority over this Securiry Iastnument unless Bormwer:(a)a�iri��'� '. ,.°..`r�;:-
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<br />- writing to the payment of th�cbligation�secured by the lien in a manuer acoeQtable to l.wder.(b)contests in goad faith the lien . ' ,:� - ,...,,,.,
<br /> _ . .°��: by, or defends against eafoicement of the�liea in, legal pmoeedings which m the Lender's opiaion operate to prevent the ,�� ��,,< +:;�,,;.�:
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<br /> ; t.. ,ti,;;�;4� enfo�ement of the lien:or(c)secures.5�r,�the holder of the lien an agreement sadsfactory to Lender subocdinasing the lien co ;� � ' -
<br /> �ry`�a ;E,� t�is Secmity h�a�en�.ff�der dec�irai�.es that any part of the Property is subject to a tien wbich raaY aua�n Ptiority over' . r�, �r . , ...
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<br /> t�c;;ii«��'` � `� ,. mar�of the actiors set fostL aioove wIthin 10 days of tt��iviag of nottce. � _ , ,
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