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<br /> � ' � . i� Faymento�Prindral:aridmcer�st;YtepaymentanaLatect,arges.Eorrnwers�6altpmmptty►paywhenctuethe . � :
<br /> � • , `<, ,< Pria�ipat of and interest on th�.�debt evtdenced bq the Note and anY PrePaY�����es due tmder the Note. �`*_ ._���`,- '.
<br /> ` � . ... . 2. Fuads forTaxcg a�ilIasnrance.Subjeam applicable taw or W awriuenwaivetby I.eader.Borruwer sbE}ipay w _= � . -
<br /> _ - ` 1,ender on the day month�y payme�s are due under tfle Note,imtii the Note is patd in fi�U,a s¢m('Funds')for.(a)Y�Y � , � '�`,
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<br /> �: �:�'' ca�tes and assessments galtich maY auain Priority over tbis Se�vritY Insttament as a lteu on the Pmgetty;(b)YearlY teasehald ,s: - ._�`��
<br /> ha7ard or ro e iasuraace . td)Y�Y flood °.; . • - .° :
<br /> ±:; . payments ur graund ients on the Propeny,'if any; (c)Ye�1Y P P n3► P�� _� ;
<br /> , insuranoe preminms, if any; (e}Yearly mortgage insaraate pnmium5. if anY:and E��Y�P�Ie by Bormwer to . -�`
<br /> � '.i_�' P Y� �e P�m°°s. 't'�;e � :�`;� "..
<br /> : ��r,in accordance with th�proxisions of paragragh 8,in lieu of the a t of mo � _;
<br /> _`.i - items are catled'Escrow Items"�u1er may,at an}+time.collect and hold Fcmds in an amooat aot W exeeEd the maxi�um _��`:
<br /> . ,, fi: ; amoum a lender for a t�derally m�ated mortgage toaa may re+quire for Bormwer's escrow a000unt nAdes the f�etal Real = �
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<br /> Fstaze Settlement Ptacedures Act of 1974 as amended frum time to time. 12 U.S.C.§2641 et seg.('RESPA'}.uatess . ;`�r•:-�.--.'� �
<br /> • � aaothes law that appiies ta the Funds secs a I�mnount. If so,Lender may.at a�►time,00lIect and hotd Ftmds in aa ���_�,�
<br /> ` . ` .` . amnunt aot w exoeed the tcsseF;amouni.E.ender may estimace tt�amouat of Fuads dne an the basis of cunent data aad �-�-.�_,=�:-
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<br /> ' � °�• � . - reasonable estimates of expenc�tures of fi,mre Escroiv Items or othera+ise in azco:dance aith applicab�e law. . f�.� -
<br /> ' ' � ' ._'• The Funds shall be heI&in an insucuiion whose deposits are insured 6y a federal ageney.insuume�litY.or enttty .; .', -
<br /> : ���. �. (uisIuding Lendes.if Leader is sucb an institution)or ia any F e d e r a l Home L oan B m n k. L e n d e r shall a p P 1 J l�e escmw �:'°`;--?" ---
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<br /> . _ pay ttte Escrow Items. L�eader may not eharge�orrower for hoiding and applying the Fuads,ammalty anatY�3ng ,:-��-
<br /> _':',y:'- accouut,or verifying the Escraw Items,untess l.eader pays Borrower interesc on the Funds and appllcable Iaw permits --
<br /> Lendes to make such a charge.:i�owever.Lender may require Borrower ta pay a one-i�me c�rge for an ind�endeAx real
<br /> '_,- . . estate tax repoiting se�vice used by.Lender in connection with this Ioaa,aaless applicable law pmvides othetwlse. �nless&u ��
<br /> " , agceeucent is made or applic�ble�aw requires ixuerest to be paid,Lender sball not be requfi�l topay Botrower a�►iaterest or ; ,� '. - '
<br /> � � eamings an the Fuads. BozroweF and LendeF.maY agree in wricing,however,Wat intErest shall de paid on the Fuuds. �.�:�
<br /> ` � � , L�ender shail Sive to Borrowes,wi€hout charg�an annual accounting of ttie Funds.s]�owing ccedits aad debits w the Fumds -- V
<br /> ., and the purpose for wtnch�debic to�he�unds was made. Tlie Funds are p2edged as addidonal sea�ry for e13 snms . _..-
<br /> secu�d by this Se�uity tnsmimecxe.
<br /> :. � „ If tlte Funds heid by I.ender exccxd the amounts permitted ta be held by applicable law. lxnder shall ascotmt W _''. ` �_
<br /> . . ', Borrower for the excess Fwads in accordance with the requimm�nts of applieable law. I�t�e amaunt of tBe F�mdaheW by � �, ,���_:
<br /> ` ` Lender az any time is not sufficienc to pay the Escrow Itema when due,Lender may so aotify�ortower In writ�ag.aad.la �'.; � ; . ;�3_-
<br /> � ."� snch case Bonower sball paY ca l.ender che amnunt necessary to make up the deficde�cy. Bormwet sHall make ap the .'�'�=�` _
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<br />",i .� . ' deficiency in no more tLan rivelve monthty payments,at Lettder's sole discnedon. ;�.___
<br /> .. ., . ' , � Upon payment in fuli of all sums secured by this Security Insuumeut,Lender shall promptly cefimd W Basmwet a�►
<br /> . Fnads ketd by I.snder. If.under paragrap6 22•.l.ender shall acciuire or seU the Fmpeny,Lender.Prior to the acquisisioa or ,.r��; �,-
<br /> �� � � sale of the Propeny,shall apply any Funds hetd by Lender at the tune of acqui�sit�on or sa2e as a credit ag�sinst the sutns •,.-•_
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<br /> �" � secured by tbts Septriry Iastrument. �� --.
<br /> - 3. A g�l issitaQ of Pa y ments. Unless appiicable law provides otherarise,aU Payuients receive4 by Lender uader _
<br /> � , , paragrapbs I and 2 shall be applied: firs�, co any prepayucent charges dae u n der t he No t e;s e c o n d.W a m o u n t s p a y a b t e � :': ��---
<br /> . , undet paragraph 2;third,to interest due;fou�[h,to princtpal dut:and last,to aay late c�arges dne tmdet ihe Note. �'�''
<br /> � ��� 4. Charges;Liens. Borrower shatl�say aii taxes,assessments.c6arges,fines aad ia►posittoas sud6utable ta the .
<br />-, ' pmpetty which may auain priority over s�is Securiry �ment, aud teasehotd payatents nr grr3tmd nYni9, if sAy. � ' ��
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<br /> � Botrower shall pa y these obligations in che manner provided in paragcaph 2,or if not paid ia that matmer,Bormwet shail ' .-.r.-.��-�o
<br /> �� paythemontimedirectiytothepersonoH�cdpayment. BorrowershaUprompdyfiunisbtoLenderallnodceaofamountstope • _;,___
<br /> � � pa�d under this paragraph. If Borro�ver ma.kes�hese paymenu directly,Borrower shall prosnpsly futnish to Lender receipta : '`� 1=� �_�-
<br /> '. � � ' � evideacing the payments. :�.:�: --
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