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<br /> �, 'POGETHIIt W1TH all the impr+ovements now or heceaRes erested an the pruperty,and all�ts.��.�d
<br /> 3 pll mpiaoemea� aad �diiions sball also be coveied by this Se�vriry �`� � `` -•
<br /> . . 6xtures noar or heRattee a part of the pmperty �._...'. ,,,^: _-_�_:
<br /> Instrumen�Ali of the fotegoing is refetred to ia this Sewriry Insuament as the'P�+operty.' � �:,� . .:
<br /> ' ' BORROWER COVENANTS that Borcorxes is lawfiilty seis4d o�f the euaze hereby ooaveyed and has the right to gr�t�d ;' . , •
<br /> , . . ��Y��P�Y�that the Propect�►is uaeacumbeted.excePt for ena�mbrances of.r�ord. Botmwer warrants and w�i �'� •:.
<br /> defend geneza]Iy tlte titie to tt�e ProPerty►a8ainst aU slaims and dem�ds,subject w auy ensumbrances of rerwrd.
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<br /> . TfIIS SECtJR1TY INSTRUMEDiT combines uaifarm caveaaats far aational a�e and nonamiform covcnaats a+itls limiced l,
<br /> sdiction to oonstimte a unifoim secauit5+iasnum�nt covering nea1 PmP�Y- t:� , .
<br /> variativas by jtui e au , f
<br /> _,� UN�ORM COVENAPiTS.Boaower and lend�wvenaat and ag�a9 follows: whea due the
<br /> l.P.�yme�tt.of Priad�!and Intecest: RrFaymeut aad Late C6ar�as. Bormwer shall P��Y PaY
<br /> T, � --=�� Qt��an _ t and late cL�ges d�under dte Note. ��_:`-.--_-„I ' .
<br /> . .. ..
<br />. . -. ==".�`? prmcipai oi ano intc�esi on ttte deist evid�ts3� Y�D� - - . .
<br /> Z.F�ds for Taxes atW.Insmaace.Suhject m applicabte law or w a writtea wtsiver by LEader. Boaower shall pay to
<br /> . . i =- � L�der on the day montlilY Pay��due uader the Natc,uat�the Note is paid in.full;a snm(�Funds")for.(a)Y�Y� - _�_ .
<br /> ' r`; an d a s sessments which m a y auam priorItY wer this Secairiry lnsuament as a lien on the PmPertY;(b)Y�Y ieasehotd paymenss _
<br /> � . :;..1 . or g�oun�l rents on the PmpertY.if any;(c)Y�rIY h�d or pmPertY ii�ance premiwms:(d)Y e a r l Y fl o n d i m v r a a c e p�s, .�, .- ,
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<br /> e msure�tce Ptemiums.if a�;and(�anY s�ms PaS►��bY��r m I�er.in acoaadauoe witb �s �� .,.
<br /> ` ` if�Y:(e)1�Y�S� These it�s are�calted•Hsc�uvsr Itenas.° , � . � -- ' '.•
<br /> � ' , _':; tDe prnvisions of paiagraph 8,ia li�of the payiuent of u�tgage�P� � .�.� :
<br /> �.�,r_�- Letder may,�t anY nme,coltrrt�xd hold Fuads in aa�aaat ant to e�tcee�the max�mnm�ouat a Iender for�federatiy f4� ..;. ,�,. `.,`,;.�?,..`.
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<br /> "� for Bormwer's c.�mv aa�ount uader the fedaal ReaTrEsiate Settlement Pracedutes Aa of . �c.:,. . :.
<br /> ;� telated mortgage ta�.maq� 1 :
<br /> 1974 as amended fr4u►tim�to�ac, 12 U.S.C_Section 2601 e1 seq.(°RL�FA7.�1css�nuther!aw thai applies to t�e Fansls 1 Q s•+F ��".
<br /> - " sets a Iesser ammmL If sv. Leut��Y,at�y time,co�fect and ho2d T'mr�#a�.amutmi not io eaceed the Iess�� � :=�c�.��
<br /> �� I�eader may esbt�atc the aatutus��af Fut�dae oa the 6asis of ament r�x r,a�s�,sea�te estimates of expeadiwies of fnnue � � { o-!°,�n !-,,�.`.
<br /> .4�-.� Escmw Items or athetwtse ia a�n3ance witb a�Plicable law. �'�:,�. '. - . '� � _
<br /> . '. 7Ue Fauds �!+all be�ai an.imsBtutton whose dep�sits are i�bY a fedeial ageacy, insu�m�talitY, mr�dity o,,. •:,�:.`:-�_
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<br /> (utsludfiag Ieader,€€Ieadet is snsh aa in�ttttioa)or in a�►Fe�eial Ham��oaa Bank.I.ender�shall applq•the Funds to pay the
<br /> ' Escmw Items.�ea�er maY aot charge Boaaw-�r for holding and apply�t�'re Funds.anm�allY analYzing the escrow acrotmt,or ;.::i.'��".:
<br /> ' ,� veri$rm�the Esa�.�Stems.cnless 1.ender pays Basrower iate�sc on t�e r3"�mds and applicabte taw per�its Lcader.to make sar� ry ,��,' •�
<br /> �8e• W��a�� Bormwer to pay�a��e for aa iadeuendent rral e4ia3e tax�c�uiing semce � � .
<br /> ,�', a �O � �� [i�abie law des o�he�vise. Unless an agti�,�a mzde or �;: •��r�l�,-�--
<br /> _ .. � nsed �i� �. this loan, anless aPF . � � � �;��
<br /> . , i-''_. �Y s o�the Fauds- ... , �
<br /> � � r applfcable Iavr.��3-°�w be patd,I�eader sball nos 6�:eq�tw�j Bouawer aay interesc er. ;.. �u�+
<br /> in v�irltmg however,that imtemst sl�. �id on the Funds.l��Bive w$osrowe� � =-.�n5.:�'--
<br /> -< Boaawer�U�su3.ti""'�?�e • �r.. .. i. .�
<br /> " wi��i�,:;��s�.��S of the Fands,showin�rae�ts a��i.��its w the Funds aad t:te p�npase for wbich e� . �`��� �'_-
<br /> `?�,�` de5i�to�c�e�F�c�`u'=as��'�s;:Fuuds are pledged as addttianat seearctY for all s���ed bY ti�is SecauitY Ia�n�• - �, Ety,U�,�,�'.
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<br /> �c�+ti� ��f the Fa��'"�!d b�r�iii�exceed thc amonnts permitted to be hel�by applicabfe�aw,Leadsr shall acc'a�ui��¢orm.wer �,f �y�''�"_
<br /> . .. �� ;§; for the excess l�i�,v sQ►acast+",�sce with the reqairements of aPPlicable fi�+.If tite a�ount of the Fands he�d is;���er at�}! � . ',�', � -
<br /> ' �,'�,su�h Case BOImWei-:.'.;•, , e. 3�, , i
<br /> , �`.•'. `� ';;,s� . time is aot s�to pay t�e Essrow Iceaas at,hen due,L�ender may�ti r,�-�Fy Borrower in w�itiagY , , _---
<br /> , � _ . �s rso tnoce tt�aal, .:� ��
<br /> :�``� �h�ll PaY w Len�ter the amer�ne�saty►us r�ake uP she def;c�ency:l�s�ower simll make�tlt��?aensy .. , ,f,�---
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<br /> —-.-_.---.-.- tar�.�e moruhly payments,at�dar's sole discredon. - . ' Y' -
<br />_ . .. � a ia fnll of all snms s�cured iry this S�c,nriry Iusuument. Lender shell promPt�Y refimd r�,y,l3�awer any r��f s —
<br /> Upo payn°ent or sell the Rvperty,Lender,Prior w the t�un or sale °:�.�.���,. ;,�
<br /> F�mds held by Iander.If,under gaiagrapb 21,I.endet shafi'ar,qui� �� .. .
<br /> - �.. of the Pmgerty,sbaU apply any►Fuads held by Lender at the rime of acquisition or saIe as a credit against the sams secaced by �...-.:�.:��-
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<br /> Sr� _ ��ty�t� hcable law rovldes othetv�ise.all payments�ecelved by Lender under P�S�Phs ,��,f';.,� --
<br /> , ,tirf,�i . �,.�-_, 3.Appltcatioa ot Playmeats.Unless app' P , f -
<br /> +f�r'.`�. ,�..�• 1 aad 2 Sha11 be BppHeQ•6rst.ta aaS►Ps�ePaY�i�8es due under the Note;'secon�,to amouats payabte aader paragraph 2: .a � ,--
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<br /> ,�,,��''" �. � a}8ue;and lasc,to an late es due under rJs,cNote. �� �
<br /> �V. . � thi:d.W i�elcst due:fourth.w PzinclP Y � s �
<br /> , � . �.�•`Y 4-C�;ldcns.Borrower shuU pay a11 taxes.assessments.ohas��as;fines��impasidansaun'butab2e w the Fmperty+ ,_.
<br /> - -- �-�,:.'';,� whicL maY�.'�c�arlority over this Seswity�insa�ent.aad leaseho�L�-��nts er,�i�d c�,if�Y•them on dme di�ectiY .; f =--
<br /> . � �` � dn�u�Iig�'�o the manaer pmvided ia�agraph 2.or if nnt paid�'u�,'�,1�'�T�cwei���Y � <. .-„�-
<br /> - w t�7i:'ge�sc4,�,x�ed PaY�t,Bonower shall pmmptly f�m�'�.to Leude�affi aqtirxs 4��a�mts io 5e'paid andet�'s para8rdpL• ,�rf��,� r y_—
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<br /> � If Bormwer m�these payments directlY.Bosawer sha71 pco�ptIy�to tRn�es�-eceipts evidencing the pa�nn�ts• ��y��`�,�rr Y_;c>;.
<br /> � �` Bortowet s�all promptlY disdtarBe anY hen wtuch has pnonty t�t'�Sseurul+Iastcameat nmless Bortotver:(a)agce�in , .-,:;: . -
<br /> . _ . writing w the payment of the obligation se�ired bY the lien ia a ao-aLn��table to Leader,(b)wntessts in gaod faith the idep.�•�',�.� :' . �.; '�.
<br />= � � �� by, or defends aga3nsc enfomemenc of the lien ia, legai Pr�o�in�wl� in the Lender's apinion operate to prevent'dt� ,:;: ,:.. ;.: . 'f'
<br /> 3�x f i;. eafonement of the}iea;or tc)sea�res from the holder of the tien an���ory to Lender subordinating the liea tu.',� � -. .. �
<br /> this SauritY Instn�ment.If Lender determines ti�aat aay part of the PmY�+is subi�to a lien ahich may attain prtoriry over .
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<br /> . `� th9s SecurIty Insttument.Leader may give Boimwer a notIce identi�y7n�r�e lien.Borrower shs�ll sattsfy tlte tien or take one or ;•
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<br /> m o r e o g t h e a c�a a s set forth a6ave within 10 days of the giving of�a�iyae'•� ;`�<:
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