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<br /> `.• .' HORxcnNEEt coVF1vAI�iTS tbaa Boirawer is tawcutty�Seo 03 t��te hsaeb�►c�uveyed md nas th6�ight co g,�aat stt� . _�� ' ,�'f�
<br /> 4. . • canvey t�e P�apaty attd�tat the Propcaty is uneacwnbe[ed,e:ccpt for c�cum�oes of ceoard.Eoimarer wmranffi and wIlt c�:` ''�_ "
<br /> ,< � .�' de�'ea�geueaally the titte to dis Pcaperiy�ains!aII claims and dem�)s.subjeCt m any eacam�accs of ra:on9. `
<br /> .���� THIS SECiTRITY INSZRUIV�NT aomhines anifasm coveaants for�ational ase aaA noa-unifotm covenaats witb liuiited .~° -- ,-
<br /> -�; , — � variasioas by,�isdicaan o0 oonsdmt�a unifasm sepuiry iast�cument coveaing real pmpeny. r� -
<br /> . ? tJNIIaORMCOVENANTS.Boaoweaand Lwde,r covenans end agmeas foltnw� � `
<br />° ` -r�..� 4'`�.` . L Faym�nt of Fiiacfpatantl Inteae�Frepaym�t end La3e Charges. Bo:mw�*a shali PmmPUY PaY when d;�e the
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<br />_ .. �`. Frmapalofaadint�staa8iedebtevideaaedbydisNaReaaQaayp�ymrat&ndtatechargesdne�mdeitheNote. .�<ti,t":;--
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<br /> .< .. � �;. Z.l�ds for Ts��d Insmrauc� Snbject rs apptusble law az tn a wriuen wanrer by�.Bmrower shaU pay w ��, , : .
<br /> <�. .. ;.�aBf W��Sj/1AUit¢[tI►Fdy�u itn wm u:a::...'�'C.?�T^'�.'.�i�*�tfiP Nnts+iv�in fitll a 9nm 1"TliltfdR"{fttf:(Sl V�IIV t87[CS — _ -
<br /> �" � aad ass�srneats wLicb may attain griority over Wis Se�ityr�t as e liw an tLe Prapearty;@)Y�IY��W Pa3�� � ^
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<br /> � or grormd rants on the PtagenY•��Y+(�)Y�3►��PmP�7+��F��(�Y�Y IIaod insmance preminms.If =
<br /> �9;(e)Y�Y�fl�e��•if any;and(t�any s�mas payabte i�y Baaanrea to Leatdea,m acoord�c�wi�the ti�'r.� �..•_-
<br />- . t.� :� pmvisions of paiagraph�, in 1i�of the paymeat of mari�ge m�g�ms.These i�ems are�°F.r�ow Itans." � , `� -�
<br /> . `� :•`. � ; Latdea may,ai atty t�e.coIl�i�d hold Fands in m�amn�t aat�n eace8d ttte m��amouut a tcud�a for a fe6eraBy re�Led . ,,,
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<br /> , .� k��'.�.� moi�gage laan rnay req�e for Bmmwea's esaaw aa�unt undar the fedesal Real Esta�SettT�t PcoceQ�res Act of 19T4 ss . . �' --
<br />_ � _ � �nend�ed f�n dme w mae.12 U.S.C.Secxian 26fl1 et seq. {"RESPA'�.an�ess ano�ea Jaw tUat applies ou the Fmtds sets a Iess� f�
<br /> • , ams�.�If so.Lender may,at a.�p fime.cat[ect and hotd Fands 1n an amo�mt nni to exceed the lessea amotu�Y.I.�der uiay � � ` � -
<br /> ' ,`"�;'�,. . _�_.,r,'.; esEi�a'@ce�moant of Fm¢ds�an tY�e 6as1s of am�t daia�W reasona6le�of expe�difiaes of fimae Fscnuw Items or ,♦.<< . -
<br /> < <;•� • ,"s otheiwise in sccar�:ace wi8n a�r+t�b2�taw. -_-
<br /> . . �` '.;t Zi►e Funds��e heI�iu au msat�mon whose deposus are insuc�d D��fed�al ageaisyr,ims�ramen�litj►,or entity('sadading • --
<br />- ; . �. . ' I.ender.if Lendez�such an insatuaon)ar ia any Fedeaal Hnrae Loan�Bank I�ender sh�Il appIy the Fqnds tn pay the Fscmw - ��- _
<br /> - ,:. Itr�s.Lend�may not cQ�arge Ev�aower fo:ho�du►g and applying the Funds,annuaIIY anaty�ng the estxow accouut,ar vpaifying � ` ___---
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<br /> � 4 ` t�e Essmw It�s,anless I�endra g�ays Bouowes iniaest oa e�e Funds�td app�Cabie Iaw pe�mit�Lertder W make suc�a c�ge. � ..:.� Y: -
<br /> '�r Auweva,Lender may re�aae Baaowea oo gay a oa�t�e c�ge far aa�d -
<br /> . .i epe�deut real cs�Ie taa aeportmg se�viee usec!by " .
<br />- . . 'c;;:.;;�: . L�endea ia co�n witb this Inan.antes�c ��"'.�xble 1aw�ride,v�ase.UnIes��agreem�,t 8�de ar a�Trrable taw .-�_-..:
<br /> � ,':'�';. �u�xs h�t to'�ie paid,Leader shaII aat��ts�-,.Borrocs-c�a�yr int�nest ar ea�3g��Ptmds.��3dver and - .,,�,,, r_—
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<br /> . . • - Leudes ma7►ag�ee in wridng,howevear,that int�rest st�ii be�on the Fantls.I.eades s��re ta��nawea.wirh�c�aatge.aa � �;��:. ,--
<br /> - � .. .� avnnal aaso�mtng of the Funds,showing credib aad debits to 8is Funds and the paigcr�fflr whic2s ear�debit'w the�ands was � i. , �,-
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<br />.. . � � ' made.'11�e Fands are yiedged av a�ditional seauity far aU sums s�by this Sec�rity In.suum�e. �. "�.;::�`
<br /> . . � . .. tf dte Faads heId hy Leader exceeQ the amomnts peamitted tn be held by applicable Iaw,Leaidca s6a,�awnuat to Boirawer for �-C''`�•i�`::.--
<br />= . . � the excess Fimds m�ce w�h the requfre�cats af applirable law.If the amuuntof�tie Fimds 4edd by Leanda at any time i� ''�:-:�-:-. �`��=
<br /> . . . - nat s�fcient to the Esssow It�ns when dae,Lead�r may so aorify Bmmwa in writing,end.in sacb wse Bormwer shaa �-'`� -
<br /> _. PaY PaY ��';',s�`,,.: ,.
<br /> . .. .��- tn l.eudei'fhe amaunt oo make the de Bomnwer shall make ap the m Ao more thaa cweIve � ._--
<br /> , . aecessarY. nP fict�aY• deficiencY ,��--
<br /> __ ..:_ , .;:i monthlY Payma►is.etl.eAder's SoIe dLsCr2don. ' :��:. , '�
<br /> .- - - Upon payment in fnll of atl sw�s�hy.t�is Sec�it�Ins�m�i,L�sWl gromp�p r�ftmd to BamawPS any FmnGs �a�
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<br />_ .. . '. . . held Dy I.end�.If.imdea ga�giap�21.LeBder shall acq�irc or sell the Propeaty.I.e�deT.Prior w the a�quisi�an ar cate of the -��:��;c;�.�__
<br />- . . • ' �P�Y.shail appty asy Fands held by Lender at the 6me of a�qaisition ar sale as a credit agaiast.the sams sec�ar-��d by tLis -,_";,_
<br /> � • ; Sec�rity Insoiumca►�. _'f :-
<br />� _ '�� ' 3�AppHtzttton ot Faymenis. lTnle,ss applirable 1aw provides alh�wlse,all paymeitis received by Lettder uadea pardgaphs �:�,,
<br />- - . -. • � 1�d 2 sbaII be app�ied:first.to aay juepayment cE�ges du.°�dr�the No�se�ad,to a�uo�mt4 yaya62e tmdes pata�aph 2: -;,.�.
<br /> � �� Y thud,m intraest da�fourth.tn priaapas dm�and lass.w any late c�arg�ss due�mdea the Note. � _, ' =
<br /> . .. � ,$ 4.Charg�i L�ens. Botmwei sball pay aIl taxes.a�eats.c,�arges�.fines and impasitions al�atable to the Ptopetty ; � �=
<br /> which mey�p�imity ova this Secarlty Instrnment��d Ieaseho2d paymeat�or gio�d ceam.if�ry.Bmtower s6aU pay these � � ---
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<br /> obtigadons in the manaed provided in paragra�b 2,ar if not paid in that manaer,Bormwes shaD pajr than un tmme d'aecNy to We
<br /> . � � Dason owed paymeat Batmwea shaU promptfy fiunisb to L.endes aIl notices of ama�ts to be�rmd�this paragaph.�f "". • .
<br /> � Barrawrr makes the9e paymeats d1�tly,Bormwer shall promptly fmrnisb w l.�d�ieoeip�evidc�cfag the paymea�t9. `'�= �
<br /> _ '.._� Baaavrea s1�U D�mDUY���any li�which t��rity av�r t6is Sec�ity Instn.mcent ua[ess Bmmwer:(a)2gr��s�' - �---
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<br />- � `. j�. wriang to che pay�nt of the obligarion sec�ueA by tlse lieai u�a mannea acceptable tn Lercdar.(b)cont�as in good faith f�e tiea"� .
<br /> . . by, or defeads agamst enfar�cement of�he lieo in,Iegal Psoceedin&s whlc� in the Lender's apiniun ope�atE m prcveat tite • -
<br /> ', � . � � eniarcanene of fhe licA;or(c)secur�s from the ho2�er of the lien an ag�eement sarisiacomy tn Le�d�r subordinating Qie l�en to
<br /> � tbis Secarity IasuamenL U I.ender deoeimiaes that mry part of the Pmpcady is sublea to a liea�whi�co�analn priarity aver this• . -
<br /> - . • Seavity Iastn.mea�l�ader may give Banvwes a notice identifying the liai.Bmrower shall satisfy the tiea�or take one or mare ' • � .
<br /> , ' o!the tutioas set fmth above within ia days of the giving of aottce. • ' �
<br /> Fotm 86�8 8190 � �. . , .
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