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<br /> , . ♦ Z�OaS1�it�l/i'TN aIl tlte i�Iaiuy�en�s n�w or heeaftea�on the prapeaty,�d a]I�ts,sppmtsnanoes,and
<br /> ,•.,�;�•. _ � fA�¢es now os de�aft�a part of the pmpesty.A!1 replssranents cuW additioas stia]I aLso be coveaed by tLis Seauin►tn.�en1. ,
<br />,_- ; . . - All of the foi�oing Ls refeued tn i�tltis Sectrritq Ias�naeni�the°P�operty.° �
<br /> � �� � BORR0�4tER COVENANTS that Bompwer€g IawfaQy seised of the es�e 6ereby coaveye�and has the rigtet to g�t and �� ',
<br /> -� ._-��=�':. `�-.H ' canveyr the Fiogeity sad tl�L the Pi+ap�ty is a¢eaar�nbaed,except for enc�bmttces of�ora.Bairower a+�ants and s,r�
<br /> " �s, - ���--•a!-�+�31:!��`.....�..,a`S's.�°^°�a. ^tt�*�r+w an eTv*'��=..J.,........a.........,._..c.e,..,... —
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<br /> --�` , THIS SEC[I�INSTRUNffi�iT eombines�miform wvenants far n�onal ose and aorc-ua�form ooveaants�ritb limited
<br /> v�ra�flustsy j�a�+car�a�ifo;mscxur►tyi�strm�entccsver�g�algmp�tSt. `
<br /> � mken
<br /> " . ��;;i_� UN�ORA11 COV�TANF3.Barmw�and Leudea aaveaantand agcee as foIlua� .
<br /> l.Faym�n8 aP i°nindpal aad�Ini�E'reDa�ymen4 aad I.ate Ci�aa�ges. Bo:mwea shaIt gtomptly gay wh� �¢e the .
<br /> �.. princi�pal of and i�erest oa the debtevfdeaoe,d by the Noie andanyg�epayme�tand Iatect�mrges dne�der the No�, •'.:
<br /> . .�:_.
<br /> � .. �.F�mds PoY Tag�sead�sm�ana� Snbjec�ta agp�c�ble iaw or m a wriuea waives by L�nd:ea,Baimwea shall pay ta -
<br /> , � < .. L�ender on t6e day monti�Ly paymea�is ace due under the Not�,ant�the Nete is paid'm fnll,a s��"Funds"y fm:{a)Y�Y� .
<br /> ':�,. <� ��. .� and asse.ssmeaits whicb may etlain prioriry nv�a this S�tyr Ins�t a�a lie�on the ProP�n+:(b)Y�Y��PaY'm� - :`.^:
<br /> '�"��� . � ar gromnd r�un the 1'mpeRy,if anY+'��)Y�Y�d�DmP�Y�ce P���Yearly flaod�premin�s,if =
<br /> � . , � `�� �' ���)Y�Y m�e instuance premin�ns�if anY+���ffiY�P�Ie by Bmmw�to I�m asxardanee w�h the �`��:,
<br /> , '� gtavi�ns of paiaSraPh 8.� tieu of the paym�nt of martgage insutsace p�oinm�.'Ihese iteaas ere raIIed�.�ow Items." 4.,� , `
<br />:�. � ' �� I�dea tnay.at aay tim�coIlect and hold Funds in aa amaunt not m eacee�d�maximom am�mqi a 1�foz a fedeaal3y�lat�ed g ,'�����
<br /> mo�tgage laaa ma�r iequue far Baaawds escmw sa:o�m�andear the fedaal Reat Esta�S�t Fivc�res Act of 19?4 as .
<br /> - ame�d$d fmm time m t�.12 US.C.Searn�Z(s�l et seq. ('RBSPA"?.anless anothca 1aw l�as applies to the Fuuds seGs a lsssea _ `"�y'::
<br /> . F,.Y
<br /> . . .,= amauat:,if so.Le�der may.at any tane.coIlea and hold Fimds m an amo�t not w exceed the t�amuunt I.e�der may �
<br /> �" '.;v= estnnare the amomit of Fnnc1�dne un the basis of cm�at data and reasaaable estimaies of expeaadm�s of fnmre Esuow Items ac � -
<br />�.�. : . . - othaovi�e in�r�ce a�itb appliqb2e taw. � � ..
<br /> .` . � ','j' . 'ihe Fnnds slu7ll t�e 6e1d'ai an ias�utinn wdase depashs�e iusiued by a fedaal ageruy.imstruaneAfa�ty,or�tity fmcI¢diag
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<br /> �" •' .. : . '. I�d�.if L�der is snch an ins6tudon)or m aay Fedeaat Home Luan Bank.I.endea shait apply the Fands to pay the�Sraw ��...�
<br />- �� ` It�ns.Le�dea may nat ctiazge Boaowea for hold'mg an�applyaig the Rm�s,anaaalIY analyzupS the escamw asxamit,ai veaifying � . _
<br /> ``; . , �:_
<br /> ��� ffie Escmw iL�ns;m�te,�Le�det�rags Bm:ower ino�esr aa dte F�Is su�app}i�ab2e hvr garm�Leadea i»mage such a cltarg�. 'y.
<br /> � . -
<br /> �' '�: � Howeve�,i.c�ad�rna Buaowea to a one-time e for ea in
<br /> F6,, :' . ; . Y requiore PaY c�g dependent real estate tax reporting servicc used by =
<br /> r; � I,ea�dea in cdrmecdan with this 1a�,unIess appliwble 1aw pmvtdes otherwise.Unte��n ap�eraent is made or appllcxsbte 1aw . ' -
<br /> �.;• 't:�. .•. :,::.;;�.'� �clu�es interest W 6e paid,L�xider shail aai be mqa�ed w pay Baaower aay mt�p�.�a�gs on the Fuuds.Barmwer aad °---
<br /> t ,,r�"�s �Leatdea may agree iu wrmng,howevar,d�at iamrest sdaII be paid on the Fnuds.L�dea sdall give t�Bmmwrd,withant cfiarge,aa y-
<br />� ,. k,�'; . aaimal accoanting of�t&e Funds.shownag cs+e�its and ctQb�s oo t&e Funds and the parpose for wdic��sh debit w the Fands was
<br /> ':� � • ` ���1�,� : r,s�de.T!►e Fimds are pledged as additianal s�ariry far a��.ms secnred by this Seauity Insocnment � •� �. -
<br /> �-� ., If the Ftm�s hedd by�nd�exceed the amo�mts p�i�..*"°d to 6e 6e1d by a�rpllcable 1aw.I,e�der sha�acco�Ay�affowe�for ,�� ^.
<br /> '.' � � the exoess Faads in ancard�ce with the of -
<br /> ;,�. .'_.� �3 ��� BPPHcable law.If the amo�t of the Funds hetd by I.��.at any tim�is ;.;;_;
<br /> �;;. •� >� aot su�i to pay Qie Bsanw It�ns�dne,I.endea may so noid��azm¢rea in aniring,aad,ia sncb case Bomawer abari pay =
<br /> �`,: . ' � .� ,•' 'n to Leadea the�►ount ne�sazy w malce ap the de&ciency.Bwroc��r sLsll make np the deficiency in no mose than twelve -
<br /> �. . • ,'�.� '; monthiy paynaents,ai Leader's sole discmdon. : ' � f::��
<br /> . . '.. Upon paymeat in full af a�l s'ams.seaued hy ttds Seeuriry Instsumeat,Lenda shall promptly refhnd m Sormwea any Fundc ::
<br /> 1
<br /> ,. : � , held b I�dea.If,und� b 21.Leaider sball use ca sell the
<br /> ,. ���'� Y p��P �1 � �P�Y,Lender,prior ta the acquisiflon or sate uf the . . =�.`".
<br /> ���� -. ' � -
<br /> =, • ' �P�Y,sUal!�DIY ffi►Y Fands held by Lea�der at dca dme of acqnisitian or sale as a cxedit��he s�ws sec�u+eQ by this
<br /> �::'. .. .� . :,.`ti r:� ..' SeCUCIty lnstr�rztmt . ' _
<br /> ` �.AppIIra�an oY Peyment�. UNess agplicabie taw pa+ovides otherwise.all paymex��receiv�C�Lender ynddr par�phs ,.�- .
<br /> ��.-. . erai
<br /> �:,. � . � �and 2 shall be app4ie,d: first.w eny prepaymettt charges due ander the Nore;ac�nd,w aawqms payab2e imder paragtaph 2; . .
<br /> �'��°� � .tir�d,m intarest due;fourth,to pr�ctpal due;and tatb w any Jate cfiarges due ander the Nota � '
<br /> �;; '�. .-.'..." . . -
<br />.�T .. . 4.C6ass��.iens. Horiower sbaU pay ell taxes.assessrneAt�,c�rges.fines and impas�tio�s atiri6ntato2e to the Prope�ty �
<br /> �_�: � : ' " !'.,, which may 2�Qrio:ity ovea this Seauity Insnumen�anQ leasehoTd gayme�ts or Boound�nts�ff any.Bormwe�shagpay these �
<br /> -''�• ;�, obli ns m tlte mannea vided in h 2,or if aot a�d in ti�at manner.Borrower shaU a them on time directI to Ws . •:�;,';
<br /> :5 s: , 8� � P� P�D P F Y Y
<br />� :, �, � . person owed payment Boirowe�shaU pmmptly faraish to Lea�dQa all norices of amonnts to be paid undea t53s paragraph. 1f , ' : -
<br /> � Boirower makes these payments directly,Bosoaea shall promptfy fumish w Lender receIpts evidencing the paymeats. . . �',',,�i::
<br /> � � . . Bonower s1�all P�PVY discharge any lien wLicb has grIoriry over thls Seca�rity Instcument wiless Borrower.(a)agtees in
<br /> '� .� � ' . writlrag ta fhe�ayment of the oDl3gatioa secure4 by the lien in a mannea asceptable m Lender;@)cantests in good faith tha lien ' �.
<br /> �. • . 6y.or defeads aga�ast enforcement of the li� in, �ga1 proceedings which in the Lendea's oginion opeaate to p�vent the �
<br /> - . � • , c�forccaaent of t�e lien;or(c)secnres fmm the holder of the lisn aa egreement satisfactory w Lendea subordinating tIIe tien to . . �
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<br /> ��:��.`� , this Secority Insuu�tcnt If Leader detennines that�y part of the Propeaty ls subject w a lien wNch may attain priority ovea.tt�s ..
<br /> ` '` � � � Seciuity lnstrument,Lea�ded may give Bonower a notice iden6fymg the lien.Botrower s6aU satisfy the lien aa take one or more
<br /> a
<br />` ��� � . of the actions set forth abave within 10 days of the giving of noace. •
<br /> ���:�.
<br /> ;;;�., � Form 8028 9/90 _
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