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<br /> ,'�,�.'-.. � TOGETHER vVCTH aH the impmve�now or horeattcr ere�c�d oa the�zvPertY.and al!easeuaents,aPPurtenauces.aad . '�
<br /> ' � w or hereafter a art of the property. A11 reptaoemeats atW edd�tions si�ll 81sa be oove�ed by this Se�urlty ��__
<br /> t : �'ixtures ass p
<br /> � � � Instn�ment..All of the t'eregoing is teferre�to in t4iis Seauity Instmmeat as the"Property.° . , � �.,
<br /> — - � BORKO�hf�:K CX�i/�fiAi�PT�t�f Borcawer is tawfai�?iy sci��£tu�c�-�te�r�sy�.���s�si�t ist��nd �-x:_
<br /> .� T` ` ;
<br /> ' cpmrey the Fropg4y aad�that the Tdrogxrty is naencnm6ered,except for en�mbraaces of�eoor�. Botmw�r.wamants and v+ill . � �
<br /> . �-�,,`
<br /> ' � defead geaeraUy►the tide to ttie Property against all cda'sms aad demands.su6ject to any encWnbrances af ncord. �j�1
<br /> .�., �.. ,, �_
<br /> t � �� THIS SF.CURITY INSIR I S M E N T w m bines u n i fomn rav e n a n t s�for n a s i o n a l u s e a n d a o n-u n i f o r m c o v e a a n t s w i t h l i m i t o d � —
<br /> °¢ _ cov' t�! m ,
<br /> �. =� vareation4 8Y lurisdfction to constitate s wufarm security instrum�t cring P P�i'-
<br />' �. ����` UNiFORM COVENANTS.Bonawer and I�ender oovenant and agree as follows: , .
<br /> F e `,F � 1.�aym�t af Frtndpai eat�Inte�es� PrePa3�ment aad Late C6arges. Boxrower shall promPdY PeY wAen d�e tlie � _
<br /> im
<br />�«. ;.° . .�`. priacipal of and intea�st on the debt evidenced by the Note and anY P�PaY�nt and late c6arges d u e u n d er die Nate. .
<br /> ,��.,
<br /> � � `� ' � B..Finndg for Tascs a�8 r*+��+R�Subject w appiica62e!aw or to a written waiver by I.eades.Borrow�r shall pay to __
<br /> �:�_
<br /> ' :�'' i, I�ader oa the day monthtY FaYmenu ate due uader the Note.until the Note is paid ia fiill.a swn(°Funds")for.(a)yearly.mxes` . ��;:
<br />`„' ° ana assessmenLS wIuch may attaitr priority over this Secnrity Iasuument as a Jien on the Propett3+;(8?YearIy Iease6old paYm�atts �_�
<br /> , , � or gmuad rems oa the Property,if eny;(c)YearlY hazard or property insurance premiums:(d)YeariY ftood ins�uance pr�iwns.
<br /> n ,,' if azry:(e)YeariY mortgage msorance premlums,if au}r;and(�any sums PaYabte by Bor�Pwer to Ix�der.in accordance witb � �
<br /> .� .�' �� •°�;..`� the provisions af parag�aph 8.in lieu of the p�yment of mortgage insurdnce preminms.These items are'called"�saow Items.' ��_4-•
<br /> � - ' I�zsder may.at any�am�.rol2ect aud hold Funds in an amouIIt not ta exceed ttte maximmm amount a lender for a federally � :_
<br /> ',. � : , related mortgage toan may cequire for Borrower's escraw accouat ander the fe�eral Rea1 Estate Seuleuient Procedu�s Act of �:_�;
<br /> `�...Ik.•'. ..,.,•_-.�•. .
<br />.� •, . .- .� i974 as ame,nded froai time m time,12 U.S.G Sebtion 2601 et seg.(°1tFSPA").untess anothes taw that applies w the Faads f=::-
<br /> .. sets a lessei amount. If so, Lender may,at any time,callect and hold Funds ia an amaunt aot tu exceed ttte tesser amoum. —___
<br /> --—�:-�,,�-�:.����•'� IEnder may estimais the amount of Fnnds due an the 6asig of cumnt data and re�aabte estimates of exgendiaue.s of futuno �1�_-
<br /> c-'�r.:.n. '..' ,.Q•;-�.: � . . �:,"�-_
<br />'- ,'.� • . Fscrow Items or otherwiGse in aceordauce wieh applic�ble Saw.
<br /> ��`r The Fuuds shali be held in an institution whose deposits are insured by a fed�rat agency, instrumectality, or entiry �.-���
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<br /> � � � .;'_, � Cmciading Lender,if Lender is suc6 an uistitUrion)or in si►y Federal Hame Loan Bank.I.eader sliaD appIy the Funds 4o pay the
<br /> .' , gscrow items. Lendcr may r.ot charge Hnriower for hotding and applyin$the Funds.aanuapy analyzing the escrow'account, or �'`'r'���
<br /> -- - ._.._ veiifypng the Escrow Items:untess Lender pays Borrawer interest on the Funds an4 appIIcable law permits Lender to make su�,ch ' �--^r s-
<br /> � � . a charge.HoweveT.l.ender may require Borrower to pay a one-ttme charge for aia�dependent real estate tax regorting service �
<br /> . '� , �,�;:
<br />=, . ased 6y I.ender In cowtection arith this Ioan, unless applicabte faw pmvides othetwise. Untess an agreernent Is made or. �..�_-.
<br /> �,'y.'�1 .• • " .•`�� applipble law reqoises interest to 6e paid,Lender shali aot be required zo pay Borrower any intraest or eamings on the Fu�Zts. � �'�
<br />,,; ., ��'.. �' gpaower and�eader may agee�in writing,�sowevec,that interest shail6e pazd on the Funds. II�der shall give to Bort���r. . �..�-.
<br /> ��.�.. I�{ ` aithaut chazge,an annual accounting of the Funds. showing credits aad debits to t�e Funds and the pnrpose for whicb each �,"
<br /> , .�-' . debit to the Funds was made.The Funds are pledged as addidonal security for all sems s�lry this Setauity Instrument. ��=:'
<br /> _ � . � ,;�,, If ti�e Funds hetd 6y Lender exceed che amounu permitted to be held by applicable law,Lender shall account to Bonower �.
<br />;; •:. .. , for Ehe.excess Funds in accordaace with t�:requir+zments of appticabte 1aw.If the amourtt of the Funds hetd by Lendes at any �
<br /> t-t �:: '�;'�•� titt�e is not auf�cient to Pay the Escrow Items when dne.Lender may so notify Borrower in writing,and,in such easa Bamowe[ . .�_,_-
<br /> • •� � ' � ' ahali pay to Lender the amount necessary to malce up the defciency.Boaower shall make up the deficiency in no mare than� ��_`
<br /> r � - '� '� . � twelde monthly payments,at I.ender s sole discretion. � �
<br /> �. � . " Upon payment in full of all sums secured By this Se�uity Tnstrument, I.ender shall prompUy refund to Borrower any �
<br /> i.,,� � . • ' Funds.held by Lender.If.under paragrAph 21,I.ender sha11 acyuire or sell the Praperty,Lender,prior to the aoquisidop or�1� � _�,_
<br /> • ��«� of the Properiy,shatl apply any Funds helG 3sy I.ender at the time of.acquisition or sale as a credit against the sums secur�•by , ;_
<br /> .t�� —`
<br /> ,.r .• e r .. t�lls SCCillltji YiLStTUtriC[lt. • � '_'
<br /> � '' 3.Appltcatton of Payments.Unless applicable law�Srovides otherwise,aii payrnents received by Lender er�:r paragraplu � +-.
<br />'.,�:� � 1 and 2 shall be ap�lied: flrs4.to any prepayment charges due under the Note; sec�d.to amounu payabie[�`�paragraph 2; �°
<br /> �:--��
<br /> �•.. ' . �`���� .�. third.to interest due;fourth.to principal due:and last,to any late charges due uader the Note: . E.:._�.
<br /> � •� 4.Chaeges;Liens.Borrower shall pay all taxes,assessmenu,charges,fines and imposirie�s amibutable to the Pra�ty c _
<br /> ,� � • ., which may attain priority over this Security Instrument, and leasehold payments or ground rents.if atry.Be_-s�wer s}iafl'gny ��
<br /> . F;-;,..
<br /> ' �. ' these obligauons in the mzry:�provided in paragraph 1,or if not paid in.that man�es,Borrower s h a l l pay t he-�.s oa time direc dy ��'.�.:
<br /> � � ° ro the person owed payment.Horrower shall promptty��znish to Lender all notices of arr�aunts to be paid under this paragraph.
<br /> ce.
<br /> ���,'
<br /> • � � � If Borrower makes tbae paymems directty.Borrower shall promptiy fumish to Lender receipts evidencing the paymencs. �;_.,
<br /> . . � � . Borrower shall promptly discharge any lien which has priorit}r aY•xr this Security Instrument unless Borrower:(aj agrees i.n _ ,
<br /> =��• ' , � ' . ariting ro the payment of the obligation secured by the Ifen irr a mar.ner acceptablc to Lender:(b)contests in goo d fai t h We�2ea� •
<br /> � � � by. or defends against enforcement of the lIen in. teg^,:3 proceedings which in the Lender's opinian operer.�to prevent ihe L�`�`
<br /> � enforcement of the lien:or(c)secutes from the holder of the tien an agreement satisfactory to l.ender subordiaating the lien to •
<br /> • • , . � this Security Instrumen4. If Lender determines that any pan of the C�roperty ls subject to a lien which may attain priority aver —
<br /> � �� • this Security Instrument. Lender may give Borrower a natice identiS�iag the lien.Bonower sfiall satisfy the lien or take e�s or
<br /> ,�.� ,. ' . : more of the actions set fortb above within 10 days of the giving of c��:ce. � �
<br /> '_;,: � . . Wrm 3028 9180 • 4".�
<br /> t. . vego 2 ot 6
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