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<br /> �`� 4=. ' TOL3ETHEit WITH ali tlte iinprovemenLs now os�he�oea�ents and�addia'ons shall alsa be covered by this Securi�+ =t ``_
<br /> ` ". �" - fixt�ues anw or heresfter a part of the pmpertS►• ;,,
<br /> ,�.,.� '.:' : � -� Im�umeai,A1!of the faregoiag is refemed w in this Security Insttument as the"Property., •.:�
<br /> : h.',`;:-,�_�.� BORRO�NER COVENAI3TS that Bor�uweris iawfallY seised of the estate 6ereby oonvey,ed aad 6as the right to grant and ��
<br /> ';-�:��``"' ' `* oonvey the Pioperty and tbat the Property is unenaimbar�d,excePt for encaml�rances of ceoord. Borrower wazrants and wil! �.:_�_,�_'
<br /> � `.�;��, the title to the Prnp�rt3►� Sa�n�
<br /> � � defend generally a all claims and demands,subject to any encumbranses of reoord. �
<br /> �'_.:
<br /> '�.��' THLS SECURFfY INSTRUNiLNT cambinES uniform cove�nts for national use aud non-uniform covenanns with limited ;�::';_
<br /> ' ! variations 6y jnrisdic�ean to coastitate a oaiform security instram�t covermg tea1 propertY• �
<br /> UNIFORM COVEN.ANTS.Borr�wer aacl I.�der cbvenaut and ag�ee as follows: �.:--::_
<br /> _ .-- 1. ya,ymwt of Prias[pal antl�te�t; �ce�Ym?�:�.�C��.Borrower shail promPttY PaY �"�s dne the : .
<br /> rt and late cbarges due un�3er the Na�,' � -
<br /> : `' psin�^,t.:!bf�t!c�..�ecesc aa the debt evidenced by the N����Pay'� � u er .,
<br /> �eca .
<br /> ' ` ��mtcFs i'or Tax�and��€.S:;'b�e�t���Ia.Y or to a vvrittea waiver by Lender,Bormo�er�aII PaY� ��, �;
<br /> Y �£ "Fnnds")for.(a).Year1Y�� ,��"4r
<br /> _'1a°i:.ri:. •.
<br /> �:�{:.h�s.- `'�. : : • r a mce due zm3.�r t3re hc�r�.�til the Note is paid in fu21,a sum( �
<br /> . .:,��,:,;, : .;,; � ��'onthedaYmosrthlYPYm� eazI tea5eholdpayments
<br /> n
<br /> `- amc3 assessments w6ic�may at�in priority over ttds Security instnunent as a lien oa the PropertY; (b)Y Y '�5•.''-
<br /> or gronud rents on the Property.if any;(c)Yeas1Y b�rd or proPertY insunnce Premiums;f�YeariY t3aod ir�uance p�, . - . .
<br /> ,i f a n a n d(�a n Y s u m s P a Ya61e b y Botrawer to i,ender.ia acoordance with '.�'�=
<br /> ;.- .`- if any;(e)Y�tY��8e insuranoe premiums y' .�.p�
<br /> � � •.� the provisions o f para�ap h 8.in I ten o f t h e p a y m e n t of mort g a ge insnrance premiums.Thes$items are called°Fscro�v IteaLS.' �a _'
<br /> ' '. , � '� Lender may.at aay time.ooltect and hotd Ftmds in�an amount not to exce�d tlt�maximum amoum a lender for a federally , .
<br /> r. . .F�.: related mortgage[oan anay require for Borrower's escrow account under the federttl Rea1 Esta4e Settlerttent Procodures Act of �,��
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<br /> ` . : . 1974 as nmended f'rom time to 6irce. 12 tf.S.C. Section 2601 a seq. (°YtFSPA'I.untes�armiher law that ap�fle�w the Fuads r,�;___
<br /> � ` i` ��`'�' sets a I�sev amnunt. if so. Leadet maY.at.any time.coltect and h�Id Funds in an amuurtt nat to exce�d the lesser eaiount. � P ^.�
<br /> �• �,:�.<r �Lcrimter mag estimatc tDc amauat of Funds due on the basis of current data s�nd re�nable estim�tes uf ex���f��� ' ��_��'�=
<br /> �� ' � @scratv itcaas or otherwise in uccordanee wlth.uQFlIrable trtw. ' =° - '
<br /> , instnrmeaiaiiry or ensicy ��'��`�
<br /> ° � � '�[ie Funds shalt be heW in an instiNt�an wh�se�lepasits�are insured by o federal a,getuy • ��;:%���
<br /> �L-,.:
<br /> �'��� .f ` (ituluding Lende�.if Ltnder is�ch cm institution)or in ar�g Federal Home Loat�Banic.i.ender shall apply the Funds to pay the ;�,=s�c�
<br /> -�. ,.. ;--�;-.-:..� . Escrow tte�as.l�a�er may nat churge Borrower for holding an�apptying�she Fuuds.azmually anatyziag the escrow acoouat,or �� �,��f,;„
<br /> ,. � .. ' verifying the Essrow Items.Suiless[.ender pays Bomnwer iatecest on tlie Fun�s and appT�cable 1aw peraiits Lender to r�ke such � ��-.�
<br /> ' .. ' :� n.':��..;`�.,. a charge.However.Lender may require Borrower to pay a onc�time chazge for aa independeat real esaate tax cepo�ing seMCe ��
<br /> ; :, .: �� used by Lender ia connec.tion with this toar�. unless applicabte Isw pmvides otherwise. Untess an agreement is made or __
<br /> e ----
<br /> r�, applicsble!aw reqnires interesc w be paid.Lender shaU not be requi�d w pay Borrower a�ry iaterest or earnings oa tbe Funds. -___
<br />-" � Borrower and Lender may agree in wridng,however.that interest shaU bs paid on the Fuads. Lender shaA give to 8onower. _ _�
<br /> without charge, a�annnal acconnting of the�unds, showing credits aad debits w the Fuuds a�sd the purpose foz wtuch ear� --�.
<br /> � � �' ,� debit to the Fands was made.The F��Pledged as additional security for a11 sums secured bY this Securiry Insdument �_;'"_-
<br />_ . . �, If the Funds held dy Lender exceed ihe amonnts pemutted w 6e ketd bY aPPlicable iaw.Lender shaU accoimt w Borrowei ___
<br /> ' �','�' for the exr.ess Fumds in aocoMance with the require�ents of applicable law. If the amount af the Funds hetd by Lertder at any �:;�_.
<br /> . time is not snffiirA�t to pay the Bscrow Items when dae.Lender may so nmify Borsnwer in�writing,and.in snch case Boanwpr ._ __
<br />�-- �.� - . , . sl�a!!pay W Lender the amount neoessary to snake up the deficiency.Borrower ahall make up the deficiency in no more than �_:.,-.M
<br /> `.."; : :"., .. tar�etve montt�lY PaYments,at Il.e�der's sale disrredon. � refced e�.L�osrower an -
<br /> . . • ' ' Upan payrrtent in fWl eC:!i sams secared by ttis�t-�ritY Insuument, Lender shall promptlY Y 4'4-
<br /> � , . • Fnnds held by t�nder.�f.under paragrap�Zi.Lender shail aoqoire or sell ihe Propecty,I.ender.Prior to the z�T�ition or sale _---
<br />_�''. .. , '�:i�:;� , of the Propeni,�i.`iall apply arry Fuads�ei�Csy Leader at the tit�of arqaisition or sale as a c�edit against We s�s sewie8 by . _�
<br /> ` ����i; th.is Saurity I��ument. . • ` �.
<br /> . , ''- 3.Appllratton of P�ymeats.Uni�ss applicabie taov provide�o t i terw ise,a l i paym e a t s rece i v e d b y L e n d e r a a d e r P a t a g r"�. -- __
<br /> e
<br /> ' .';;'� t and 2 shaii'be applied:first,to anY P�Ym�t cha�cs dus under the Note;second.to atnounts payab�e uu�sa�aragraph 2: __ ._.
<br /> � ' 1 .. .� third,w intetest due;fowth,to principal due;and last,to any late cfiarges dus un�er the Note. "`' ''
<br /> .. ...;�::;:;��; . � —
<br /> •.e�i:r
<br /> 4.Chaige�s;Ltens.Borrower sdaU pa�r"all taxes.assessments,charges,fines and impositions aun'butable to the Pcopeaty .,,.:_.x.
<br /> :',.'..
<br /> - ��.; ::: . , : ahict�may attain prtoriry over this Securit� Fnsm�ment, aad teasehold payments or gmuad rents.if asry. Borimver ahall pay —_
<br />- . t�icse obligations in the manner ptovided in pazagraph 2.or if not paid in that manner.Borrower shall paY tt�em oA time dire�l9 �
<br /> ese
<br /> , . a�t�e peison owed payment.Bonower shaU prompdy fumssh to Leader all notices of amounts to 6e paid and�t�tis pazag;apb. �„_,.:_.
<br /> - . � ;.`, � ig lBo'irowes�tttese gayments dire�xty.Borcower shall promptty fumisb to Lender receipts evidencing t�e�a�':aents. �,:._.<
<br /> � , +�;�.r.. . Borrou��:�a11 pmmptty discharge aug Y:en whicb has prioriry over this Security It�stniment untess Borracc�er:(ay agre�ia =-
<br /> � �;;y,�� writing to�he payment of the obligation s�d by the lien in a manner acceprable to Lender.(b)ao��ests in�gaod faith d►e ven �
<br /> . . . Q�iy, or defends aga�nst enforcement of the lien in. le�z3 pmceedings which In the Lender's a�an�opera:e to�prevent the �.;
<br /> � enforcement of the lien;or(c)secures fram the holdes of the lien an agreement satisfactory to'I.e�r snbmrdis�^9r►g the lien t� _
<br /> ' thi9 Security Instrument.If Lender detesmines that aay part of the Pmperty is subject to a lien which may attain prioriry over �„-_
<br /> � this Security Instniment,Lender may give Borrower a notice identifying the lien.Boaower shall saHsfy the lien or take.one or �'-
<br /> -.. '. • more of the actions set forth ubove within 10 days of the giving of notice. F"
<br /> � , � Wrm 5028 9I80
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