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<br />. •�„ ,. �° - T�GfiTHER WITEI 811 dl8�CffiCaffi u0w Oi h�i�an th6 P�A�Y+�����8IId . . :�;,� �` .
<br /> -`u� '� `` �Raes naw ar QaeaR�r a pait o!tPce pmperty.All replacements and addi�ons shaD also be wveied by this Sectuity InstmmeAt ;�� �.;;,�.: ;,`,
<br /> '� � �� � ,ADof the fasegoing isief�ed tn in this Securiry lnstrumenta�the"Pc�ppeny." � �� ��.
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<br /> `i'�:'.��' �:'' � BORROWffit COVENAI�YTS tbat Bosrawea is taovfui[y seised of the es�t�aeby conv�yed and has the right to gcant and ,:.�.�.: • �
<br /> �� � oonvey the P�opeaty�d tLai the Progeaty is�eacumbea�d.�ce�t for eacombraaoes of cec�rd.Boaowea wanants aad vdll ,r .�t:,4 i<:,�
<br /> ��_ _ _ defead ge�aIIy the dSe tn the R�apeaty agamst ai1 cla�s�d deanands.sub,�ee;tm aAy eucambra�ces of recor3. - F
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<br /> � T�IIS SECiJItTFY INS°iRUM��lT combmes mmifomi ooven�ts for natio�l t�se and noa-ua�ifoim eoveaanis vrith I�it�d
<br /> `':.G � va�apbons by jmis�ctioa to oanstinue a anifarm secau�ity ins�t oaeer�g rr,a1 pr�peaty. ; , �
<br /> ;� UI�RMCOVBNTAIV'IS.�naoweaandI.eadeacove�antaadagreeasfoIIpw� � , - w�:�
<br /> � �� L Faymeai o!Pri¢ci�sat antl Int�Ptepalrment aad Late CGrsrg� B�awea� sha'1t �omP�Y FaY whea due the ` --
<br /> 4�-:.� principalaf��est�d�e debievideucedby dteNateand anyr pregaymentan�latec6arges due��der the Not� . � .... �;_ _ _ _
<br /> _> �.
<br /> `�{ Z.�tr�dS 4os'i'saea 9nA ins�raa�?. Sabiect t�►azsm�ficahus iaw m r�a writt?n waives hv T r�xlw�w_ _�1 �� _ .•. '�`....'—
<br /> - - -- _ ..„Pl RhA �►v M °- --
<br /> ..; � � �: Irad�r on Qte daY�h►PaYmr�ts ffia due imder ths Nate,aut�the Nate is m a sum unds far: a ta�ces �;.�'"`- - -_
<br /> :ti� .r 'x�• and Paid' fall. C'F '9 ()Y�S► � _� .^
<br /> assessm�whicb may suain pri�it}+over this SecurBy►Insaameat as a liea on ihe Pmpe:ty;N)Y�Y�o�PaY�� ,°'
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<br /> � .. 3 -.�, or gmaaa re,n�on the Pmpeity,if a�►:t�)�Y�R;P�Y��P��(�Y�9��P��.� ---
<br /> � �r � �'� �anY:te)yeffiIy mortgage�ce psemi�sms.if anY:�(��S►�l�Y��Y Boanwed w Leader,iu�coordaiice with the �-.
<br /> t� �": .`a; �;°'t psovis�ons uf paia��iraph S,h► lien of the paymea�t of mo�tgage�ce premi�s. �se itr�s ate called•°PSCr�ow It�s." � . ' `�
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<br /> , . •. . ` '`i 5 Leuder maY.at a�►Y ame.coIIeccand hntd Fnnds ia an amo�nt not to exoaed the maximam amount a teader fos a fede�ally r+etated =
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<br /> �-.:f , mQr�age to�map re4ui�r+e for Bouower's eseaow aeoonat ander t4e federal Rea1 Estate Seit2�t Pracedmes Act o€1974 as �� � -__
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<br /> ,�. ._ � .£�;:. amended fmm tame tn dme,12 iIS.G Sertion 2601 et se9• ("RESPA'�,�mtather law thaL.apglies m the Fumds seta a lessa � �. - -
<br /> _:. �.: amormt If so:Leadea may.at mry mne.collect an0 hold.Fimds in an am�nt nnt w exceed the Iess�r arnannt I e�d�may , --_
<br />:�,_; ,, . '.. f� eshmaie the aawamt of Faads due on the 6asls of anr�t data and reasona6le estanat�s of expendimres of futuae Bsr.row I�ms or • � -
<br /> ,�; . ,. �, otA�wLse ia asctlrdanse wiW applis�bte taw. � . • -.�'-�'_
<br /> t, ., 'q '1]�te Faads sh�Il be deYd In an mstimttnn whose depr►�i4�te�stued by a f�¢eaa2�B��Y•����7►.os entit}+(inrrtuudin8 �"-�`�`'"_
<br />_ _`;_� . ._..� `; I.e�de�if I.eader is such au ins�n)oz in any Fedaal Iiome Loan Bar.�.I.e�d�shaU apply ihe Funds to pay the Bscrow .. _ - ��.-
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<br /> � . . Ite,ms.Lendea may aotcLarge Barrowea for hoIding and applyFng the Fimds,mivaaUy�aYym�g tbe escmw�eotant,ur vetifying ` .,. :'�`,'�Et�::..
<br /> -. ";�..�. . tb.e Escmw Itema„unless Lender pays Botmwea lntedest on the Fands and agplirabie law permits L�atda w mage snch a charge. "
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<br />�, ';:��. . . : goweve�Lendea aeay mquhe Bmmwes to pay a one-dme charge for an iadep�cde�t zest estate t�m�arting savice�sed by . :-. .�
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<br />:�.: � "� ,; . I.eudea ia connectian wsth this Iaan.�Iess app2icable taw provIdes othelwise.Unl�s�ag�eanent is�de nr.applipble 1aw � :.:�_ , --_.
<br />��`.,� � " requ�res int�est to be pai�,Leacda shaD not be mqused tn pay Bmrowea anyr Int�est or eammgs on t�fimds.Bosmwea and � ����.�
<br /> w ` I�endea may agree ia w�g,however,thai interest s4aU be paid on the Fuads.Lead�r st�aI!give to Baauwer,withaut+r22sarge,an � '—`
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<br /> � �.;� , : � a�mu�zcco�g of t�e Fi�nds,s'.��wing credits and debits tfl[he Fands aad the pmpose foz which each debit w tbe Fimds was ,,:.,:.;� �'�
<br /> s � �� • made.'Ihe Fimds are�?zdged a3 a�.�."�nal sec�ity for all suBis secvred by this Se��ity Ias�unent ' ,,""'�.
<br /> �, .� � �..i ,,;s sec i - -- �� °�
<br /> ��', � � �.. � � If We Fuads heZr3 by Lead�exceed fhe amonnts prnaitted W be hetd by 2�plicabte law,Lender sLall accoimt to Borrowea for ��� -
<br /> i'f f r the excess Funds in accurdaace wit8 the requirements of appttca6Ie Iaw.1f th�amaunt of the Fimds hetd by I.�dex at arry ticne is ;T ��''`-"'�,-.
<br /> }�` ... ant suffiarat w pay tlse Fs�ccow F�s whem due.Lender may so notify Bocrower ta writ'sa�,aad,in sach case Barrower shall pay :• ���'-
<br /> .>: �. �. � to I,enda the mnount m inake the deficten Bonower sUall make t'�a defu�iea� � �
<br /> _.. :I� � nP �7+• 11 UP cy in no ma:e tLan tweive �,;..�.:` *'�.--=
<br /> . . _._ montHly paymentv.ai I.�n�er's sey:�screeti�on. �.r� �•' -
<br /> �,_:`�., : „.. . . _ , ••�1,,,,�:.,.._—�=
<br /> . ., , .. UPon PaYment in f�il of ail sarav seraued by this SecarIry Ins�uaent,Leadea sLaD P��PUi►�d to BoJrower m►y Funds ' �:-.::1-:-�,:
<br /> r - held iry Lee�de�1f.�d�paragapb 21,L�nd�shaU acq�e or seU the Prop�ty.Lertder,Drior sn tke . ..- � .�_
<br /> �D�Y,shaD aPP1Y�l+Funds held b I,endea at the dme of �i��on or saie of the ;�.
<br /> �: �. � y ecquisidon ar sate as a ccedit against the sumv s�ued by this _ w_._
<br /> Security L�str�mea�i `
<br /> �` "� � �=- .== 3.App}tcatton oY Peytmenb. Uniess �cable 1aw � ,
<br /> �� � 1 and 2 shall be IIed:Fust.to an �ent �des otheiwise.aU yayme��received by Lendea under psuu�aphs .. -"` ---
<br /> aDP Y P�P 3►m �Hes due uud�r tbe N��second,to amoant��ayab2e andea para�iraph 2: � _
<br /> � : ', � third.w inteaest dae:fou�th,w principal du�;and iast,to any late charges due¢=der the Note. .. � -�_
<br /> ,. ,"-�=
<br /> 4.Chargesi Ltens. BormR�sliaU pay aU taxes,assess�n�ts,charges,fines and ir�osifions aftnbntablc w the Pmpary •
<br /> �`� _ . �. ' wbicb may atmIn ytiority aver t`�s Securiry InswmenL and teasehoId payments ar ground r�nts,if eny.Bmmweaa shatl pay th�se . .
<br /> - ',. . �. . � a obligations in the marmer provi8ed m Se . .
<br /> .: parag�aph 2.or if not ya�d in that maaner,Barmwea shall pay thean on time d�tJy to the
<br /> ��''.; '.. . : persan owed p�rment Bonower sLall promptly famish to Lender all notices of amounts to be flaid andea this para�..�f � �.�
<br /> - - `• Bormwer makcs thess payments direaty,Bmrower shaU ptampSy fmmish to l.ender receipts evidencm the - -
<br /> � -. .._ ` Bcmowra sLall pmmptiy 03schar e an l�ea wlusb has.priority avea Ihis S 8 FaYm��- �.� -
<br /> : . } S Y � ecuriry Instrum�t nntess Boaawea:(a)a�rees :` . „ . . .
<br /> .,. ; , r wrlting W the payment of tbe obli�on seaued by the llen ln a manner aoceptab2e to Lendea;(b)cantests in good faith the lien ' �
<br /> � . • by,or defends against enforcement oi tha llen ln, legal proceedings which 1n the Lend�'s npmtan opaate to prevent�Qie . � .
<br /> � . . , ; enforcaneat of the�ent or(c)secaues from tLe holder of the lIen an agreement saUsfacOOry w Lender subordtuadng�the liea to • • � . .
<br /> � . , this Secarity Insuwnen�If Lertder det�mines that any yart of the Progeny is snbject to a lien whicb inay attain prIority aver tNis , ,. .
<br /> � Secarity Insuument�Lendar may glve F3orrower a aotice idendfying Qee llea.Borrower s1�aU sadsfy the lien tir take ona or more '.. , .
<br /> , - � � of the acdons set fmth abovc with��10 daya of the giving of notice. � :., .
<br /> �:.: ,
<br /> '• . � . . Fotm 8028 9/80 '
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