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<br /> • � BORROWER C�VEI�IAN'['S that Barrou�er is laafidfy seisesi of ch��stu+s� hereby cdd�red and has tlie right ta E ,:1�.� -
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<br /> . . , graat aad wmey the Property and that the Prop�ty is u�ecum�iesud..exc�t:for encumbrances of ncord. Bnccow�7 ;:� ,''• ` ;.;_: ' .>.�
<br /> 1 ' ` } : ;�
<br /> � warrants aad willdefend gentxally the title to the Property ag,ainst�a�l c!&�ms aalci,demands.subject to any encumbranees � �
<br /> • of record. �� • i;�f��-
<br /> ; �'ti.: ° ;.:'��
<br /> 'i ' THIS SECU1tIT1f INSTRUM6NT eombmes uniform c�oees►z�ts fat;q�tlel�t�.use and aou-uniform. covenazits a�tb ' yt_�,;.;.�;,}.w..
<br /> • .. ' � limited vaciations by jutisdictian to canstitute a unifarm security Instmm:�tti oav�riug real propeny. ': `;>:_' �'v��'•`'.
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<br /> � UNIFORM COVENAI�'fS. 6ocrower aad Lender covenxat a�d a�a,�fkfliri��x< ' ., �• � ����` � .
<br /> � � • ' . . 1. Paymffit of prinapal. I�t aad laie�rge. Hosrmr�r•s4Ai1.pa,}t•al�en.due the priacipal af.and interest ' .
<br /> , __::t�::-'.; on.ihe debt eviden�;ed by the Note and late ch2rges due undc�r tha I�at�.: - - -_--`_.--
<br /> �. ` - 2. MonWly Payment of Taxes.l�asu�te. an�Qt2t�r CbarBas- 8nmmws.sha11 include in each monthfy pa}�a�t. ��-�`.= �':l:::Y 3-:.�
<br /> together with the principal aad incerest as set farth in the h�te and an��i�e charges.a sum for(a) taxes and.special � _,:.. � �%�•.:-' `
<br /> . • ��+ assessments levied or to be levied against the Property. (b) leasehald p�,ym�ai� or ground reats on ths Pr�percy�and �
<br /> • -' (c1 Premiuins far insurence mquire� uacler parar,,�aph 4. ln.an?�y�s ip.nluch the Lender must P�Y a mnrtgage ��•`,'..� �.��r�, •,._"_�
<br /> :. f� :, :..:; ` �-=�-
<br /> insvrance premium co the Secretary of Housing aad Urbaa Dcwelt�p�►t (!�ecretarY�),or in any yeaz•in.wIuci�such �;•`..;!.:.. ::. ..:.:::::
<br /> -. ,- F�: Premium would have been required if Lendes still heid ttie Secntity Iasc�tm�t. e2CL IY30IIfW.g �CBi.•S�lAI�i 8I8U •t �', ,'_'r;:r_•
<br /> include either: (i)a sura for the anaual mflrtgage insuranoa pre�nium ta h�.p�d�by ixnder w t�e Seaetary:or�(i�J a "-,_:;W,.;;:.�°:.;,°�:_�"-
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<br /> ' � monthIy charge instead of a mnrtgage insurance premium if this Secu�it}t�Ibst�awt is heId by ths Sr�retary. ia a �"
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<br /> � reasonable attwunt to 6e determined by the Secmary. Exoept for thd mm�tWY•'chac�e BY the S��xetuY, these itaps ---
<br /> -T — ; are called °Fscrow Items"and the sums paia to Lender aze caUad "Escro���.�Fuuds." .:?:��-;�:
<br /> '� Lender may.at any tune,cultect aad hold aznounu for Escmm►Ita�ns in:an.ag+��r .��not to exceed.We •
<br /> . . ma�r.a�;:�nt that may 6e required for Bormcver's escrow aoa�unt�uadar the R�i..�3:�ement P�acedures .;,�,�;�
<br /> 1Rcr���i�;i:�ll.S:G§260t�.aad implemeatiag regulatian�. JA C�l1:Pait�35aCt.s�1�.-�?�ay 6e amended from '=-i.J.-�-
<br /> • time[ci z�a"1��SPA').eacept that ths eushion or reserve pennitt�d b}t R�SFA for�m�.�,'�^��a: disbutsemenu or - ;;_t_i,:a�`-
<br /> . -_ . disbursemenis �re the Bortower's payments are available in•We aamuat+mxy�:uot 6e 6a�1;��o�mL� due for the . 'a�=__-
<br /> Ipprtg�e inair��. plelAium. ; . .... .:;.r g..:._
<br /> � If the amounts hetd by Leatler for Escro�v Iteras exoeed the amounts peimitted,to 6e�I�Ic��*�SPA, Leader shalt „ _
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<br /> account to Bormwer for the exoess funds as required by RBSPA. If ttta amuunt& af tnads$d�by 1.eader at any time ,_
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<br /> � arc nnt suf�ci�s.to pay thc Escrow Items when due,Lender may natifg tha Barroa�et an�r�re Borrower to make .,r,rs�� - --
<br /> ,qq.,j .; .
<br /> . ' up the shoitage a�gPrmitted by RESPA. . • .-u,
<br /> . ,,,.�.. :,•i The Fscmc��'i�►ds are pledged as additlanal securiry for all�sums se:�utcd�bythis Security ,i�nen� If Borrower '�''-`-
<br /> � ` �l 4�� ; ter.��rs to Leader•the full payment of�all such s�,Bomnwer's aqvnunU sfiall�be cred'ued wuiY,�balance recnainiug '��=
<br /> �f`� 'ab�,�r � fa��aa;�stallraent items(a),@).ana(c)and any mortg�ge�nsuran�ps�ezu�um�installment tt�.t�ader Las noc become E, „ �
<br /> , ��h�t�fi4� '�i o�y�d to pay�to the Secr�i:and i.s��er shall ptoa�tiY refiind eny�excess funds�tv�c��rt ImmediaceFY Pri� —
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<br />_`��rt�4�1�j� ,:-;, co a forectosnre�i:,qf th¢irmp�y ar�6ts+r�r�ss�isition by Ixnder,BorrniFax's aceaunt s6ati he�ac�s+i with aay balance ' �
<br /> �� ,Ij.a '?: remaIaing far�1t=urs.��is fvr itetus C�3„iB).and (c). � ' -_
<br /> ���f� ` � ' : ,.... . . � ued �a.I��Ier as follows: . k
<br /> f �a,�y,,�� ;;.t 3. �sli��-'o�Pasc�is. All payments uader paaagrapbs 4�:,�sha}I be ipP --
<br /> ,':y��`4�' _. _ FIRST. to t�e mongage insurnace premium to be pa�d by Lenster�ar-►�Sea�.�,'.ar to tfle moathly ct�arge by the ���.,, _ '�
<br /> � . . Seeretary iastead of ttte month3y mortgaae insurance pre�mium� , ,��t��Y_.r=--
<br /> SECOND, to�y taaes,sPecial a5sessmeuu. lrasehold paym�t� ar gvuud rents,and fire.flaod and other hazard „;- .. � �-..
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<br /> . iasurance n �,F�siwns. as required: �__
<br /> TNtRD• w e�.�est due undeT the Nnte; ,� ^ =_,--
<br /> . . �i R'i'H. to amortizatian:of�the principal of die.N±�r�; an� .''�""
<br /> � � . � - .[�i.to tate charges dtt�un3er the Nate. • : . • � -
<br /> ' • �,:�..•'Fi�Rra�d aad Other H�td•i�►�un� I�a�riri�rer•sb�i:insura alt improvementa on:,�is.property, whettier � ,-
<br /> . _ ' nosv'ia existenda�tr•subsequenQy erccieclr�� eny i�arards-..c�sueSiir�,.and contingeactes„ :�a�3 fim.far ahic!► , . °-
<br /> �.- ..- ��- • Leader requir��'�ssuaace. 'lUis � sball'be maiata�d .�n,t� amounts and far :s:3'p�tiads that l,eader : .
<br /> ,{��F�,�� �:.;. � re�uires. Borrower shall also insure all impm�•�sn:nW on tt�n Ptapxrt�r, whethet:�ntr;� in e�cisteace or subsequently r -�-
<br /> �k;�t�4 0� . ex�aed. against loss by floods to•th�9 extent�requited b}�zba Socr�tary. AU insuranu= sSall be carri�with comp�ies „ '�}���' r' T^•_
<br /> -, .����';�'•� ` approved�by Leader. The insurance polic3es au�any.rea��ats sha11 be held by Len6et and shall include loss payable �'. �%�
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