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<br /> ' � , � TO(iE'fHER W1TH atl the im�tAV���.�Rtv or hereafter erected on the propeity.and all easem�ts,appurten��aud ,
<br /> � '.° .� fixtuies no�r or hereaRer a part,of;thA�Iiittl��.A!i replacemeats and addiaons sflail aiso be covesed hy this Securiry _ _
<br /> ' • 4 (nstrumea�Aq oF the foregoiq�i��.*��:t��t�#�ti.Securiry Iastrument as the"Propertyr.- �•. " . . ..
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<br /> ' • '� BORROWF.R COVENANTl9.�ltt�c!ttu!v1�;i�iE��vfuUy seised of the estate heteby rnnveyed and has the rig,i�t w grant and
<br /> � coavey the Praperty and that thr. P.eil�r3zt��•is,t�s�b�e�ed.eacept for encuinbraaces of record. Borrower warrants aad will � � . `�`:` - .�,
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<br /> � ; defend generaUy the tiHe to tt�Prqr����t�iR ia�i irTaims and demands.subjea to any encumbrances of record. ,< . _�;�
<br /> � ; �•�; THIS SECURTfY iNS!'takiD��l��+wtm�t�.�oim wveflanu for nationat iue and non-uniform mvenants with limited � ` ,
<br /> . - . v�iations by jurisdictioa ta�tiniS�ra�-anif'ti?1�i�eourin insaument covering real properry. .- - �
<br /> , ' ` s UNiFORM COYENANT9..$VSim�'c�'��bet�der covenant and agree as fallows: � "; •-
<br /> E l. Pgymeat of Pttndp�9 i an��$t�tt�t#;Prep��Ym�t and Late C6a�ges. Borrower shall promp8y pay when due the ,. .. --.-
<br /> - - ` � princ�pal of aad interest on t&�d:l�f'„r,'i��;by�tte Note sad�y grepaytneat aad late charges due uader the�Iate. - -- __---
<br /> . . ' � 2.�ds for Tases ant�.It►�tpttiA'c�S�Sbject to agplicabls law or to a wriuen waiver by i.ender.Borrower shall pay to _ _.. � ,- .
<br /> � ti �� Lender oa the day monthty:pa�yrM.nSS�,atQ dne under the Note,until the Note is paid in�11,a sum("Funds')for.(a)yeariy taxes : .
<br /> �d assessments wdich may attain•piiotiry over this Secvtity instmment as a lien an the Property;N)Yeasiy l�ald Qayments
<br /> �� or gruund rents oa�he Pmperty:if a�:(c)Yearly harand or progerty insura�ce pnemiums;(d)Yeaziy.Qood iasutance pse�niums. - -- •
<br /> , . �� if airy;(e)Year1Y u►ortgage insurauce prenaiums.if a�r;and(�any sums payable by Bornower to Leader.in aecordanr�with - � .°:.',:.
<br /> . . :1 the pmvistoas of paragraph 8,in lieu uf[he payment af mortgage insuranc:e piemiums_These items are cailed'Fscmw Items.' . „ . •:;,°`.
<br /> � Lendet may.az any time,coIlect and hold Ftmds in au�amo�mt not to exceed the maximum amount a Iender for a federally r,�:��"=.
<br /> :.�� :elaied mortgage loan may�quire for Boaower's esc��account under the fedenl Reat Estate Setticsuent:�uces Act of � � ��Y
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<br /> , --- -<;,� 1974 as amended from ti�zs�time, 12 U.S.C.Section 2601 et seq.(°RFSPA'),imless�athr�-i��t�to the Funds .;�.a =,
<br /> .:� sets a tesser amauut. I���ader m�,.at aay tune, coIIea aasl Irc�£�.,�unds in an awouat s�r�::e°��a -��'.s�3�sser ama� �r �
<br /> : ,,' Leader may estimaze.[is��i�nt af�w7as siue on the basis of�aan�2.�ata and masonable�mf ��..-=tures of�i.-�r.i: � , , , '�"'`_`:
<br /> ' '� Essrow I�or ottte�x��a.�s:oordance�vith appticabte law. �� � : . �.. . �4 t�`_. �
<br /> . �.. `-� The Funds s6a�1 re��in an institutioa whose deposits are �ns� by a federal �,en..�;�'.aliry, or entitY �t.�r" +'i�`� -•_
<br /> .. (mciud'mg lxade�if Leti��r.�s suc�an ins6tution)or in aay Fedexat:k�i¢ae luan Baulc.Ixnders'ka�[�l�r�the Funds to pay the � � ,�.�:__
<br /> � Fscrow Items.Lendet�ay not charge Borrower for holding�d��g the Funds,annnally�yrc�:rg iIte esciow aooa�mt,or _ ____�:�.�=��:
<br /> . . verifying the Escrow Ite�u�iless Len+der pays Borrower interesc an m�e Fands and applicab2e ia��-=.w.�.I.cader to make secb :���
<br /> . • , a charge.However.L�ad�.�my requi:e Borrawer to pay a one-wme c�arge for an independent f���:��orting serv:ce " ��-_
<br /> t'�� used by Lender in oo��n avith thi� loan, unIess applfcab2e law provides otheivvLte. Untess�an agt�taat is made or �,� '
<br /> . '' apglIcable law reqvites i��st w be paid,Lender sl�afl not be�d to pay Bonawec aay inte�ss or e�miags on the Funds. ` '"�`
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<br /> Bomnwer and II�er�ay�in arating.hawever,that interest�be paid on the Funds.L�der shall give to Borrower, ^. �`T W
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<br /> � without char�; an�aaauai a�ouarin�Qf c�e Fnnds. shmving cre�iis and debits w the Fnn�s.�i-.he puzpose for whicb easts. . .�!_•—'�'"�`
<br /> 4 - debit to the Fundsaas�7'YisF�*�aa-e pledged as addltioaal secur'.ty for all sums secu:ed��is Seauity Insuument. , - --
<br /> ��+�,�� ; If the Xunds 3te��.��Fearlei�c�•t�e amouuts permitted to be heid by apgl:i,��lx law,Leader shaU account to Bormwer �
<br /> '�F r,�� ' for the excess Fua,ds iu adea�w';��i�e nequicem�s of applicable law:1f t�ama�,t cf�Fwudg hetd by L.ender at eny �' �i ; "-"
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<br /> , p,: t i m e i s n a t s u f���t c o p a y t I i e E s c r o c:���s.w h e a d c�,i�e n d e s m��a o u f y E�i r i=.c v�:��i�,a n d;i n s u c h e a s e Borrower . , �;"'. . ,
<br /> j r�;t �J pay to L¢�uder the aznovnt necess�y as siak�uiz•�defci�z..^+;-��rrower shall make ap r�ne deficieucy ia no more than� . � . '�`f
<br /> ��f � {,., -_
<br /> r� , ' �� twelve mamh►Y Payments.a:Lender's srS�c:isc�edas�. �.� • � ' . � : . � � _-
<br /> in Upon►payment in fu'a"of all sums seaued by!ltss 5ecuriry,msu�menb I.endet shall promptly cefund to Bottotver a�;',, � ��� ;
<br /> i�;�:`.� � = �unds held by Lendet.If,uader paragraph 21,Lendei s�aU acquire or seU the Propeny,Ixnder,prior to the acquisidon or sate �''- =�
<br /> . ,'� of the Prope�;,shall apply any Funds held by I.ender at the tim�of acquisit�on or sate as a cre�l�aoa�t the sums s�ued C+s�.: . �_'�°'===
<br /> • � this Secus�it}s�nent. . .� -•; ���—
<br /> .�,��,,.' . ..�:r � . 3.AppS:�t2ion o�P�aats.UWess applicabie law pmvides otheiwise,aIJ payments recei��:!by.Leader under pazagra.p�s �. • %'��f��.', � �
<br /> •:}. 1�u12 shall be applled:���[o any ptepayment charges due under the Note;serond,co amounu payable uader paragrapL 2; �.. , � `� ;�r�,,,� . �--' -
<br /> ,�t}'�` • �9rd,to intesest due;fatuw;'xa piincipal due;and last,to any late.charges due uader the Noto. 3�"_
<br /> . . . 4.C��;Uens.Bormwer sh�g�r all taxes,assessments.cbarges.fines and imposiaazs ann'bmable to.the Prop� + ° -
<br /> � � wbich ma�a�ta�n p�Iority over this 5ea�,e!l�Iasmuaent.and leasehold payments or grouad res�as,if aay. Borrowet sbatl pmy •��'' �' �;�
<br /> � ,, � these oblig,ations in the mamter pmvided�paragraph 2,or if not paid in that manner,Borrower shaU pay them on time dirert,� � ��1 , �' �
<br /> -••�� • W the peison owed payment.Borrower shail pmmptt�+�aish to Lender all nottces of amounu to be paid under[Lis paragrapb. . �'��` :.... :. ----
<br /> ;�'`: � . If Bormwer�°,s these payments directly,Barrower sTh�?I.pmmptly fumisb to t.ender receipts evidencing the gayments. • � fi":..'�•;�:._ �'r,�,�x;'
<br /> -�� Barro�es s�all promptiy discharge any lien whieh has priority av�er this Secutiry InsuumeSt unless Borrowes:(a)agc�rs sa .. . ,'; ...,�..-
<br />:'. .� ..: '.. � .=:..� writing to th2�yment of the obligaaom�..�ured by the lien ia a m�zmrs acceptab2e to Lender:(b?�ontests in gaad faitb t�2lien�. . ' : • �. _.
<br /> � . by, or defends against eefnnxment eF�e lien in. legal proceedings which in the Lender's opuuon operate to preve�e�p . � -
<br /> ' enforcement o!the liea;�or�(ck st�utes frcm the holder of the lien an agreement satisfactory to l.ender subordinating the lien t`o i , -�
<br /> �, �g S�j�/inctrnmer;.��2r d.e�aines that any part of the Propeny is subjea to a lien wbicb may attain priority over (��r �°
<br /> i � . , this Sea�rity instn�meni,➢,�r�,,:�r�;�;e Bnrrower a nodce identifying the tien.Bonoaer shalE saslafy the liea or take oae or �,�': � �:`
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<br /> �are of the aaion4 see forr��'�cse v�i�tQ�days of We giving of notice. . "�"�`
<br /> i� . Form SozB IflC `�` .
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