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<br /> - . TOGETHER WITH aIl the improveme�ts uow or heieafter erected on the PmPeny'•and aII easemeats,aAP�•� "�;;
<br /> _ - '°.` •.�`'•• fixwres naw or henaFter a part of the p;opesc�+. AII repiaoements and addition4 shall also be coveted bY this Securiry _ ._:- .
<br /> �J Instrumeut.A!1 of the fategoing is:efeaed to in this Se�iry�as the'PropeKy' '� -
<br /> 1`:�.-�`...� .°` BORROWER COVENANTS tl�t Botroaer is lawfiilly seised of the estate heceby oomeyed antt has the right oo g�and �
<br /> , > -`, � �`; ooavey the Pm�perq►and that[he PmpertY is�caunbeced.ea�oePt for�cumbranocs of reaord.Bosrowec wanants and w�1 ^,i,. ;:.
<br /> � ensambrances of murd.
<br /> a aU ciaims and dem�ds.suhje�x w ars�+ � �.;
<br /> defead 8enerallY rhe at�e w the PropenY �nsc
<br /> • ��:s:�� '`°�� TH1S SECURiTY L�ISTRLTMBNT wmbines�mifoim ooveaanu for national use and noa-uniform covea3nts wit$limitea '� 3, :
<br /> :a: `�°• variatians by jurisdistiaa to co�stitate a�miforla secxeriry iasuument cove�a8�1 PrOP�Y- `�'�;`-
<br />_•5.,.�.`t�.� .:'��.. - .
<br /> L �. • `��:: UNffORM COVENANTS.Boaowet and Lender coven�wt and agree as foilows:
<br /> `�,�x,:.:.-.��,t�: �. Y�y,aeut of rdnci�t ana I�'� �9��c sad I.ace�a�'g�s. EoAawer st�1t PrompdY t►� �ane me ,'^:_
<br /> �. � : �
<br /> -.-�". pr�ciga!of and int�oa the de6t evideaoed t+Y the Note and aaY P�PaY�����es due under the Note. , ;`
<br /> � _r,_:,�;,_ .
<br />",F�...r.:__,�-��;. 2.Pbmds for Taaes and Ia�tuaaoe.Snbj�t to applisable laa or m a written wadvec bY L�der,Borrower s�all pay to -`..;:,
<br /> -f-; ���_�� Lender oa the day mo�tY Pay���dae uader the Note,natil the Note is paid ia fWI,a sam('F�mds')Sor:(a)Y e az 1 Y t� ,-�a.
<br /> � °� - ro�y�►t�ow r� �
<br /> � `'_ �d ass+essm�which u�ay sttain P�ioritY�this Seciui►Y Insu�t ag a Hen oa the PrapertY; ; J
<br /> c`,br:` ;,'�� or grouaW r�Ns oa the FropertY,if aa9:(a)Y�IY�or pmpeicy iasurance Preomams;(�YearlY Rood insnsansep�. �.� .'
<br />. _`":'4.�;� ���.�:' msu�aace Premiams,if any►;and C��Y�PaY���Y�rrower to Lender. in aoana�aoe
<br /> ;,r if any;(e)Ye�Y�nortgage of mongage insuiance Preminms.These itea�are ralted'Fscrow Items.' ,�z ,-
<br /> �:� t ro� the pmvisions of paiagrap�8.ir�lien of the paym�c :} ,. '
<br /> � �'`{`�'`�� Iender maY,ai any time.collec�t aad hold Fnnds in an amouut not to exceed the mani�m amo�t a t�der fiort a fedetali�► _
<br /> r _ ` fi i .
<br /> ` ` "'" related mort�ge 1��Y�1�for Borrower's escrow atootmt under the federal Real Estaie Seittement Ptocedtues Act of ,_
<br /> ��-`� �- -£
<br /> `• - I974 as am�ded fcom time w time,12 U.S.C.Sectivn 2G01 d seq. (�R�A�),�aaother law that applies to the Funds
<br /> �� j{.��-, s�s a tesser amount.ff so,Iender maY,at anY i�ri�e, collect and hold Funds in an atnouIIt nat to excced the lessec�- _,t -
<br /> _�- "��`x% Leader may e.stimate the amoaat of fimds dce au the ba��s Of c�t data�d ieasoaab2e�of expenditar�of futuie r _.
<br /> 4 :� �a acxordance witli BPPlicable laar.
<br /> � ;Y 4 � � Ihnds sbal! are insared by a fedetal agencY. �►+ ot entity .5,. �
<br /> f .= s=`� be heid ln aa insatntion wh�se d�s� �Bank.Icnder shall apply the Baads to pay the� �`A
<br />_ `;`��;�-'�,�:'; (�d u d i n S L e n d e r*i f l s�d e c L s s u c�a n i n s t i a u i�n)o r i a u►y Fedecal Home or - -
<br /> �°` :,:.f. � Borrcwer for ho2diug amd appiYinS the Fwida.a�ua11Y�aly�8 d��a c o o a n t. �
<br /> � ,s,,,..,:, Escmw Items.l�ader maY �e t.euder to malae sach
<br /> ' . '' • I';. t t c e E s c ro w I t e m s,u n l e s s L e n d e r P a y s Boi[°wer intere.st on the Fnnds aad applicable 1aw permita •t�,,,,*._<
<br /> �` '-`� ��x�. �� ��r�Y�1�g�marer t°pay a one-Eime cLarBe for an i n d�e�t d e n t r e a i e s t a i e t a x z e P a a d a g� � :_
<br /> , < Hawever,
<br /> _ `�:i:..'::�'• ��':'� �'Ieuder ia cam�e�dun with this toaa. uatess aPPlicable law pravides otheiwise• U�or eamin on ttte F�mds-
<br /> af�V � �.:::
<br /> F IIILCICSL It1 LC�,���1ie�� BOIIOW 7 � Ps
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<br /> � �;L r r �,� .`t. BOlIOWCI��Q���1D Wll�r T1�Vfl@1/Crs that intesest sball be paid on the Fnnds.Leader sha1�Bive .N . .
<br /> 1•.... , .;'.�..,, of the Fnnds,showing credits and debita w the Funds and We purpose far whi�h eac� .;}._
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<br /> � y . �r i� ' Wtl�t011L�e►8tl 8A�2CCO�IIt�$ tCQ Cd 1S�0I12130WIltJ/fOf 8u SUD13 S2CQIC�b}►t�3$C�llj►��' �,�"
<br /> f .:• °�, debi�w 3he Funda was made.The Fgnds are p 8 �to be heW by applicabte law.Lender shall acoount to Soaoover � -
<br /> _ �.�_� _
<br /> If the Fimds hetd bq Lender wltti the i e q� �P P
<br /> � -� . ���.,,:A::;�' ' oY licab2e taw.lf the amount of the Funds held iry Lander at anY =
<br /> for the excess Fands ia asxordanoe Bo:mwer ia wrltia8+an�.ia surb case Botmwer � �
<br /> � ° � •,_� dme is not sa�ctent to PaY the Fscrow Items whea due,Leader may so notity ia no more than -'
<br /> ��,;` ` : ;'��I�-' shaII pay W I�ender the amouat n�►to make�p d�e deftciencY•.Botmwet sLall matce ttp the deftclency ��:
<br /> ,:..:'�::..:. .., .
<br /> ..,:.�y`°�;"':::`�'` twelve moathiY PaYmenis+at I.ender's soIe discret�on. � refimd to Bomowar an3►
<br /> :y`�,;�. � �:�...�x-� � � in Pall of all so�ms a�aued bY tl�is Sec�it9 Los�.Lender PI°mpu5► _=
<br /> -_ ; p Daymeat or sell the i'rapetty,ls�der.P�or w the acqt�s�°D or sate'. _
<br /> ` ` ". ' Fimds he2tt by I.eader.If,imder PasagsaPh 21,I.ender shall acqu�e s� _
<br /> `' on or saIe as a c�edit agaiast the sums secaa�ed by
<br /> - :'_'�:�:. � . �of t�e PmpertY.sha11 aAPiY�Y Fumds held by Lr�der at the time of acquisid --
<br /> '.�•�::,-`:.=:': - �- t�is Seandt3►t�unmeat. , _-—
<br /> : . `.„•. -,,'- recelved Dy Leader�der paraB�P�
<br /> :y��'.°:;`;,':�:: `��� . 3.Appli�ttun oi Pl�yme�.Unless aPPlicable law provIdes otheradse.all Paymenta _-
<br /> ... . . , ct+arges dae tmder the Note;second,W amoimta Paqable mtdet para8raph 2; .
<br /> `;;;'� ?;:�:.��.�_,-,:F, . �I and 2,si�all�e applied:fust,to anY P�PaS►me�t . -
<br /> �, ��'��� �, tLird,w interest due:fourth.w PsbaciPat dne;aad last.w anY late chaz8es dae nndes the Note. _
<br /> •�J ,'` ' : ...; ; a�(�rg�;Ideas.Sornower sball paY al!taxes,assessmenta,charSes,�nes aad impositiaas ataib�table w the� . ----
<br /> ,:-; f{ '� .
<br /> " �'"t` .- over tbis SeauiN tasp�+ and teaselu�M Payments or S��reats.if aaY.Sosroaee
<br /> s ;:. , _ wbicD may atta9a psiority► h Z�or if not paid 9a tLat manaer,Borrower sbaU pay thea►on time d�}► -
<br /> � � these ablig�tions ia the maanes�ower sbail pmmpuY�h w LRnder atl aodces af��to Ue paid uaQer tbfs pam�apb• _-
<br /> '•.�j.•n�,.� -
<br /> `� , : . to the De�tson aare+d p�yment• g�,pwes aha11 Pr�P�Y�w Lender�ceiPts evide�clug t�P��• � • -
<br /> T:,;.:.,,F.�•... ` If 8amaw������' lien whi�bas prloriry over this Secarity Instcament tmless 8orruwer:(��� _
<br /> " ��' . se�vied by,the liea iu a manaer accePta62e w Lender;N)cont�s�n gaod =-
<br /> .: `. writ�g w tae payment of the obBgattcn racerdbgs whicb�ta the Lender's opinioa opetate w F�� :`
<br /> w,.;:;..;�,.;,.. : ,- e n f o t o e m e n t.oY the lien in, tegal P -
<br /> '_-,j`:`'`�,°:'`�� � '�'���or(c)secau�es&om the holder of the lien aa ag�reement s a d s f a c t o ry�w L e n d e r s u b o i d i a a d n 8 t h e 1�e a�w '_
<br /> `;;.':�;:'.;::'.:�:�':"-:� Ins��ent,If Lender detelmiaes tbat anY Fas�oY the PropertY is subSecc w a lien a�icb may�Prlorlty ove,s �:�.
<br /> .:��;:.`:`;�:>.:.::'�,F:, eWs SecnrltY fhe lien.Bormwer shaU satlsfY the liea os take one os _ -
<br /> ��- ;n:?;''�-.;`.�� � thig Secatlty 1�n�nt.Lender maY gH►e Bomower e ttatic�idendijriug = -
<br /> -=:�� . more vY the actions set fosth a6ove withia 10 days of the givbug o!notice. ' , _--
<br /> - �•,�.: Farm SdZB 8/96 -
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