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<br /> � TO(iETHFR W1TH all tae improvements now or Qereafter erected on ttie pmgecty.and aU easements.aPP� . . � . � .
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<br /> " � - ` fixtures now or heieafter a p�t of the pmpertY. Ap replac:emeau and xdditians shall also be covered ay this Seavdry
<br /> • � '. ,rs.,� Iastr�meat. Ail oi the foregoing is refezced w ia tdis Security Insuumenc as the'Property.° -.. � �;`�,
<br /> , . ' BORROWER COVENANTS that Borcower is lawfu}I�y se�t for encambraaces of reoord. Boaowere aarranu�aadt will =:__ .
<br /> - �,"�:� conv e y t h e P c o p e rt y a u d t h a t t L e P c o p e n Y i s u n e n w m b c ��y encum b r a n o e s o f r e c o r d. -
<br /> . `"., defend generelty the dde to the Ptoperry a�ains�all ciaims aad demaads.suh3ect ,.-_
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<br /> '1'HIS SECURITY INSTItUM&NT combiaes uniform oovwants for aational nse and non-uaifom�covenants arith lim'sted .
<br /> , . , . variations by jurisdicdon to coastitute a uniform secuairy imguument covering real propetty • �;
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<br /> .. . UNIFORM COVENAN'PS.Bormwer and Lxader�an�l�Late Cha g�Boimwet sl�all pmmPtlY pa3+wIlea due tIle ;4.'..�:
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<br /> . 1.F e l ment of�Pa!oad Ia¢erest:PrepaYm �late charges due under the Nate. .
<br /> ;�` , �. priacipal of and intece.st on the debt evideaced by che Note�e law�or�'uea waiver by LEader.Bom�wer sha11 DaY t� .
<br /> ` ��� Z.Fonas eor Tex�ana I�n�e. s�hiec�to app� . � r` -
<br /> , , i,endsr on cile day monthlY Paym�ts a�due under the Note.until the Note is paid ia foU.a sum('Eunds'for.(a)YearlY� .
<br /> �, , , and assessmenss vrhich maS+a�Fn�rity over ibis Selauity Iasnumeat as a lieu on the Pc�gerty;N)Y�Y teas�old 1�Y��
<br /> . ��(�}Y�y b�°r proPerty iasaiance p�mmms:(�Y�Y Aeod insarance Premiums, �
<br /> � ot�>-auad n�nsa on the PtopertY, If and(fl aa3+swms P�Z�bY Bo=mwer m Lsndec,in accardanoe wit1� �.`.°,
<br /> . . ` . ` if any►:(e)Ye�Y�������' ����e ias�uaace P�emiu�.These items aze calted'Escrow Items.° . • :.
<br /> ' _ .., the provisions of paragcaph 8.in lieu of the paymeat
<br /> - ' f <. I�nder maY,at any►dme, coltect and ho?d Funds in aa amnuat nat to exce�d the�amoum a Iender for a federally :
<br /> - � for Bo m u w e r's esccow asxaunt under the federal Real Fstate S�tIement Pmc�iures A�og �,;_
<br /> related mottgage toan maY�1� ,
<br /> �— - 1974 as amended fmm eime to tane. 12 U.S.G�ction 2601 ei seq.('RESPA°),mless�nther law that apphes w th2 F i m d s _ A.'4..,
<br /> . , . `".,-.� sets a lesser aiacunt.Yf so, I.eader ma3►, at an3►ti�e.collect and hald Fuads ia aa a�ount not m exceea the tesser affiarmt. . .
<br /> .. . � #. I cnder maY cstimate the amount of Fuads dae o licable�of auc�ent data and re�onabie esdmates of expendita�es oY futm+e
<br /> , .. F s c r o w I t e m s o r o t h e t a r�s e i n a a,o r�d���a P P ,o s e n t i t Y
<br /> - , • ��••. The Fnnds sbaU be held ia az►instiautoa whose deposiu aie insu�ed by a f e d e r a l ag e n�.y. ��to pay tt�e ... _
<br /> � (including I.e n der,if Leader is such an insdtution)or ia any Federa]Home I,oan Han�.Lender shaU apptY
<br /> � not Borrower f�z holding and applying the Fuada.aana�allY analYzing t h e e s e r o w ac�aN+oi ,
<br /> � � . � Esccaw Items.Lender ma7► �Se ��wec inte�st on the Funds�d applicabte law pezmits Leader w make sacdi .:.
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<br /> - verifying tDe Escmw Itemg.untess I�uder pays for aa indepeadent�al estase tax�epon�8 senrtce
<br /> ea. a am�dme r�ara�
<br /> e�e.Hovuever,Lend�r ma3+�Borcower w pay �s made at "-
<br /> . �.`< . ... ` nsed by IIxnder in oonnecxion wII¢�this Ioatt, unless aPPlicabie law proyides otberv►isZ. Unless an a�em�oi --
<br /> � .�,,.G.;;.
<br /> � R„ int�at to be paid,Lender shall not be required to pay Boaower an9 inte�c°r Eaming,�on the Fuads. ;_,-
<br /> ' . applicab.°Iaav t+equires� --
<br /> , ' g a r m w e r a n 6 Leuda moa y a g r e e Ia writing,hmve�er,that interest shall be paid on the Funds.Le�der shaII give w Bouaarer. ��,:;,�,�f:
<br /> without charge,an�al aawunting of the F�s,s h o w i ng c r e d i t s a n d c'�b i t s t o t h e F�m d s a a d t h e p t u p o se for whicb eas� ._ _2,:�LL-
<br /> tnstcoment. -
<br /> �� � debit w the Fnnds was made.The Fuads are pledged as addirional security for all sums se�uedbY this 3ecarity ,.�.�
<br /> :r; : :. tn be held by applicable law,Lender s6all aocaunt wEoaower �•.;.:_��.
<br /> ���e If tt�e Funds held by Leader eas�the aaw�ta pecmitte� Su�bI6law.If t�e aataffit Of the Funds held by I�ender at anY _-
<br /> . for the eacess Funds in accocdaace with the�equirements of app.
<br /> dme is aot sufficient to pay the Escrnw Items whea due,L�ender maY so avtity Boirnwer in wridag,�.����ox8 tban y lk __
<br /> � �. � �all PaY to I eader the amount neaessary to mase np the deficiency.Borroaer shall make uP the de8cienaY . ,;=
<br /> - � twelce�lY Paymenss•at Lendes's sole discten�a , .'_'_`c``
<br /> �n paYqient in full af alt sums se�ued by this�-"Y � I.eades s�A prompth►tefmtd to Botrower aay _-
<br /> h 21.Lender sha11 a�.x��se or sell the Pcoperty,leader,Prior to the a�quisid°n or sa2e
<br />° � Fuuds held lry Lender.If.tmder P�S�P tho snms ssrared by
<br />- � • of the Propert�►,sbaID aPPIY�I►Fnnds held by Lender at the tune of acq�sidon or sat�s3 a cce�lit against
<br /> = � . " this Ses�tiry Ia4o�a�t• p rexeived�, �der aader p��s - -
<br />_ .. � 3,AypHwtion op P�ae�s.Unless�P1ic�Ie law rovides otheiwisa.alt Payme�s ���L 2: -_
<br /> - ' � � 1 aa��shall be applled•�st.to sul+P�P���Bes d�uader the Note:socond.c�amomnts payab
<br />-' � . � . • thirA,tn interest dne;fourth.tu PrindPal due:and last,m a�'late cbar�es due uader the Nate.
<br /> - � �� 4.d7iarge�Lleas.Borrowet shaU pay►all taxes,assessments.charSes•fia���F°sitions adn'bntable to tfle PropertS► _-
<br />� • �::f •� rForlty over tLis Secudty IasWmeat, and leasehoId paymeats or gc�auad rents.if aa3►.Bosmwet sha11 FaY ,
<br /> _ • �. •. wbicb�ay auain P L 2.or if nat paid in that mam►er.Borrower shall pa3►them an time d�tectly
<br /> . these obligatinns itt the m2naer P:oalded�n Pa�a� �':-?�
<br /> tv the peison owed paymeat.Bosmwer shall pmmpdy fami.gh to Lend�b w Lendes reoe1psevibdencing the payme�s- �• , �—
<br /> = � � If Borrower makes these payments directIY,Bo:rower sha}I pmmpt1Y -.-
<br />— � Burtawer shx11 prompdY d�sc�arge a�ry liea wLic�has prtarity over this Seauity Insunment unkss Botracuer.(�gt�s� .
<br />— wridng w the paym'�of!he obligation sec�ued bY the lien in a manner acoeptable to Lender;(b)aontesta in 8aod :
<br /> _ ', by,or defends ag�nst enforcement of tha liea in, 1ega1 Pm�d�wbic� in the Leader's opiulaa aperate to pievent t�e _.
<br /> = enfor�neat of the lien:ur(c)s�res from the holder of the lien an agc+�emeat satisfaswry to Le�nder sabondiaatI�g the tien ta
<br /> � ' is sub'eca to a lien whicb maY�zi��tp over ,
<br /> - this S�ntitY Instrument. If Lender determines that az►Y Part of the PropertY� I
<br /> '�.,�,, Insuument.l.eader may give Boaower a nodce 4den�rinS the lien.Borraaer shall satisfy the lien c�s take ane or .
<br /> this Secutity
<br />- . mo�e of the acaans set fonh above wlthia 10 days of the giving of nauce. .
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