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<br /> �� %a . ''I�OGBTI�R WITi�all the improvea�ents now ai hefeaEter erecteal on thB pmpetty and ail ease�ae.n►s.appiaUe�aaoes.end ;`��
<br /> � ":��� ` ;��$ 6�ct�aes now or heseafter e par�of tfle pmpedty.AIt te�I a c e meuts�u S a d d i�ans s h a U a t s o b e oov e i e d by t h i s S e c a a i t y�a s u a�e a t. ,
<br /> ' �-j-;� _ All af the foregoing is neferr�m in t�is SecBrity Taswmanta�t�ce°P�m�perty.°
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<br /> � SURRt�Vi►2SlC LLY2SLYAlY t3 UIffi 2f9ltOwe i's mmmsJ�w... � .-- � �o
<br /> -�""_�^°'�-'� ' canvey tha�ropeaty and that t�e Propeaty is nneac�unb�d,eacept for eucumDisaces of r�ard.B�wanartts aad wiII , ;p
<br /> � �` �� defea4g��altqthef�mdiePmpraty�tallclaiias��eman�s,sab�ttoffnye�umbr�cesofreoord. _
<br /> `�,;�;�� �� THIS SEC[1RiTY INS1TtUN�[�Pr oombines imifomn cove�ts for aalional nse�d�unifatm wveaanm with limited .,
<br /> . ;..y. : :,��:; varia�ons bl►liui�iaron to con�tute a tmiform sec.u�dty ins�mte,nt cov�ring:eal propaiy. �
<br /> - . UN�DRM COVENANTS.Boimwea�d I�eader coveaaat and ag�ee as foltflcv� , �' .�_`-
<br /> "s`' .` ��` eat snd Late C�arge4.- Boimwea shall P�mP�Y PeY � d¢e ihe" .
<br /> . .'` ,,>-,�, .}: 1.Feyment of PtinsIpal aad Inter�Pa'ePaym • , :•
<br /> . � � � princi�al of�d�nte�est aa th�de6t�evidrnced by the Note an0 any prepayme�nt and Iate charg�due uadea t&e Not� .
<br /> . ' 2.Famds for Tase�and Iusnrauc� Sttbject to appfis�ble i�+ or to a written waiva by L,ender.Bmmwer stiaII pay to .. �°<
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<br /> ` . I.ender on the day mnnthIy payma►ts ate,d�se under thc PT�e.unt�tI�e Note is paid m full;a som("Fimds'�far:(a)Ye�IY� � ` ..
<br /> .`�`��:• � > aad�ssess�ne�ts whic�may at�n piiarity►ovea this Se�aity Instmm�nt as a li��die Propecty:(b)Y�Y�o�P�� -
<br /> _ -,: � . ', ar�OUna s�cm me Propeaty.i�anv:(a)yeffily ba�d as propexcs►insu�ance piemium�t�ye�r tInod�pneminms.� _
<br /> . '.� •,,. • % ; aay;(e)Y�Y mfl�Sg�P���any,and(�anY s�AaYabte isy Bamow�m Lender,ia accoidance�widt tha
<br />=�A;: F�vlgi+ons of paiagcaph 8.in tieu af the payme;et of�ge�ce pre�iums.'t8ese item.s are cal�ed"F�raw Items.° ';,
<br /> :. .:;t Leudet ma3►,ai aay tim�coli�,t and hotd Fuads ia an ama�t nat L�exceed the maximam a�uaunt a Ic.adea fnr a fed�y�1a0�d� , w
<br /> `�� " maitgage lnau may mquice for Boiiower's esaow acsount aadea the fedeaal Reat E�tate Seutement Ptocednres Act of 1974 as , -�
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<br /> - ,' .. . :� . _ .��.; a�teadet!fcom ti�e W time.l2 U.S.C.Searon Z601 et seq. ("RESPA"?,aniess auother taw that applies W the Fands seis a la�er __ _
<br /> •.:�, '.;4''• :' amomtt If so,Leade,r may,at aay 1ime.coUect aad hold Ftmds in a�em�astt noi tb ex,ceed the Iesses a�L Ix�det a�ay ; -
<br /> � � , estimate the amount of Fand.s due.on the basis of waegt dam aud reasonable estimat�s of expe,nditmes of fu�ene Fsaow Items ar .
<br /> '�`�- atheawise ia accordance with applic�2e Iaw. ;-_
<br /> �' � T h e Faa d s s b a i l be h e t d.in an�on w Ilos e d e p o s�a r e i n s u r e d b y a f e d e a a l a g e a c y.i n s l�a m e n t t a l i t t y,a r c,n ti ry f l a c I a c t�a g • .�v�:
<br /> � .. _ `- � Le�Qe�if I.�dea is sadi aa�aon)or itt any Fedeial�Laan Bm�k.I�dea sLaD agpTy the Funbv ta pay tha Fsarow -_ ..� -
<br /> 4' : `;';^` _. Items.I.ende�r may rtot charge Bosrower for holding and applying the Funds,annualt�+analyzing We escmw�ccount,or veaifyiu8 � 'a-`:�_
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<br /> � We Es�row It�s.unless LeQder pays Bo�rower intaest on the Fands and spgllcable law peamits Lendar to make�ch a c1�ar8a Y
<br /> :� w ..�„ ,�� � Haweved,�Lendc,r may requae�mrower to pay a an�rime charge for an i�endent�eal estate ta�t.reporting service used by =-y�
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<br /> ;. �,, .. . < Lende,r u�connection wi�this loan,�aAPltcahle taw pravide,s otheaarise.Ualc�s an zi�terneut ts made ar applicable law � _�-
<br /> - ',,'' � .s "` requires inte�st to 6e pa1d,Lendea shatl not be reqnired w pay Borrowea any inteaest or eanmm�an the Fimdg.Hono�ver and � -�_.
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<br /> '. � Lendear may agee m writiag,however.that int�est shaU be paid oa the Fands.Lender sLaD give ea Borrower,�fthaut chaorge.nn ;.. ;. ;�;;.�
<br /> • ' ' annnal accovnting of tt��nnds.showmg c�eclits and debiRS w the Fnnds and the pmpose for whic6�ch de'�6ct to the F�mds was , "•�._-=�°__
<br /> ` � ' : �; made.TAe Funds are pledged as addi�sal sec�sriEY for all s�s seGUed by tt�is Secatit�►Inst�nem. � �.
<br /> ; � � ; ,.._a If t�ee�uuds he2d bY I.eader e�the amomits peamiued to be held by applicable law.Letidea shaII aa;ount tn Bo�ves for ' � t, i'�
<br /> , ., the access FmWs 1n accorAance w I t h t�e zequfreanen t s o f app l i c a b 2e l aw.I f t h e a m o n a t o f t t►s e F u n d s�e l d b y L�d e r a t a n y ti m e i s _
<br /> • • ' � not sufficient w pay the Bscxow Items wh�due,�d�may so notify Bmrawar in wrIting,and,in saeh case Bmrower shaII pay �,=��`I`.;
<br /> . , to I.e�der the amount nece�sary+tn maalcee up the deScie�cy. Barmwer shall maIse up the defciency in no m�re than twelva ���`�`"';:
<br /> .. `; momhly paymenis,at Le�ndea's sole disae�on. '��.
<br /> � ' tT�Daymeut ui fvD of all sums secaued by this Securiry Insuomeat,Lendea shall Dmm�tly refimd Gu Bomnwer any Fnnds - ,�,-`;:
<br /> , � � `.•. held by I.ende�.I�imd�pa�ag�apb�II.Lender shall acqaue or sell tha pmpeary,Leada,prior w the acquisitioa ar sale of the �i _:
<br />— , Fropexty�shall apply any Fwids he2d by Leader at the tIIne of acqaissidoa or sale as,a credit against the sums secaued by this �. �� :
<br /> ., Secority A�sWmen� � :
<br /> '� 3.Apnlicaflon oYPaymeata Unless appltcable lav�provides otheawlse.all paymenrs recein+ed by Ler:r.rJss�des para�raphs �.I, ;,'
<br /> . 1 and 2 sha91 be apptied:�st:w aa9 prepaS+meat charges dae ander the Note:second,to amonnts payabte und�paragta�b Z; . --:
<br /> : � " thud,to intaest dne;foucd�,to Princi�D due:and Iast,w any lat,e charges due undea the Note. : �;';:
<br /> . � � 4.C6asges;Ltens. Boimwer s;'ialt pay all ta�es,a�sessments,charges.fines and unpesiflons atu�ntab2e to the Pmperty �
<br /> . � ' wtuch may at�in prioriry over this Securiry Inswment,and leasehold payments or gro�md rents,if any.Borr�wer shaD pay d�ese � '-
<br /> , . obligetions in the manner prov,ided in pata�aph 2,or if nat yaid in that manaer.Boaow�shall yay ihew on time d'uectIy w tho
<br /> .� ... � pErson awed paymenL Barrower si�:J promptlq fumisb W I.endea all notices of amounts w be paid�mder this�aragraPh.If .
<br /> _ .. • . � Borrowea makes these Qayme�ts ditect�y,Borrowear sha31 pmmptly fumish w L.euder receipts cvideasing the Paymenta . ,
<br /> . . Sorrower shall promptly discharge atry lien whtch has prioriry aver this Seauity Lnswment unless Bairower:(a?agrees m .
<br /> . - � writing oo d�e payment of the obligadon secured by the lien in a mam►er acceptable w Lendea;(b)contests in gaad faitb the-1ien ___
<br /> � �� , by. or defends against enforcement of the 1ie� in.le$al pmceed'mgs which in the Lender's oDinion aperaYe ro prevent the ..
<br /> . � � enforcement of the lien;or(c)secures from the tr�rdea of U�e tien an agreemen�satisfactory to I.ender sabordinating t�e lien ro ' � .
<br /> . . � Wis Secority Inswment 1f Lendei determines that any part of the Praperiy is subject to a llen arhicb may attain prloriry aved this
<br /> - �� Securiry[nstrument,l.et►des may give Botrowea a notice identifying the lien.Bonnwer sh2ll satisfy the tien or mke ane vr more :' �
<br /> ' .' of the ac6ons set forrh zbove within a0 days of the giving of aorice. � , �
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<br /> . . �•Of�(N�(A212y.Ot Pago2of9 InitfaU`�l���L,�,� . .
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