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<br /> :.�-,_�h',�;;�:'_`. TOGETNER WTl'H ail the hnprovements aow or hereafter erected on the praperty.and all easements,apPurteaances.and ,�, .�:r.c:. .•;..��,.`.
<br />_, e-.=-. �-� fianues nuar or hereafcec a�c of ihe Pt'oPertY. All rep}acements aad addiaons sLall aiso be covered by this Securiry j_r`,��-` f ;.
<br /> , , .��� insuument All of the foregoing is referred to in this Seauiry lnst�ument as che'Pmperry.' __ _ ' ,--_ .-r"
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<br /> _ " �•G BORROWER COYENANTS that$o2rawer is lawfdily seised of the estate hereby conveyed and bas the right co grant and - ,��.•��.:�«�:
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<br /> � _ .:_�'z....y:{° soavey tlte Property and tLu ttce Proper�y is unPacumbe�ed.euceFt for encumbrancrs of record. Borrower aacranu and will .. , .
<br /> `. Y� ;` :� ,.,. defead gener�itY the titte w the ProPertY agaiast aIl claims and demaads,subject to any�cumbrances of record. � �`t`;..'.�`�.:.,
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<br /> �` �-v_�"� THIS SECURITY II�iSTRUMEM comhines imiform covenaz�ts for uationai use and non-uniform wveaanu with iimited �",�•ti_..�.�,_;::
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<br /> _ � �f`�H 4 variations by jurisdiction to ooastitute a uniform seauiry insv�meut coveriug�eal property. - ��-��_ F .:,-�.
<br /> � - �: UNIFORM COVF.NANTS.Bormwer and I.ender oovenant and agree as foltows: � ..
<br /> `� ti y ' 1. Paymeat of P�indpal aad lnterest; PrePa3'ment and I.ate Charges.Bc�:rower shall prompdy pay whea due[he
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<br /> !.�Y.�.�= piincipal of aad iuterest on the debt evidenced by the Note and a�+prepayment aad Iaze charges due imder ttte PIate_ -- :
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<br /> �'`.��._:�"��, 2.Eunds for Taxcs and Iasm$nee.Suhject w applic�able law or to a writtea waiver b I�nder. Becrower shall to �,.',�°_� �
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<br /> �, ,. .,� Lender on the day momhty payments aze dae auder the Noce.until dee Note is ud in fiill.a sum t'Fnads')far.(a)yearly taxes
<br /> pay en
<br /> . � _ a�acses���wluch may aztain priority over this Security h�suvmeat as a lien oa the Property:N1 yeartY teasehold payaients �``�?;,--;.:
<br /> _� `' : � 'i or gmuad rents on the Prapeny,if any:(c)YeartY Lazard as propecpr ins�uanc�prEmiums:(�yearIy tioud insurancx premiums. :" �`;; .�,:=''�:.
<br /> `; _ '-ti,._�.{' if aay;te)Y�Y�8e��P��• if any;aad(�anY su�s Payable by�orrawer to Ixader.in accardance arith 'C`� '�'�;_��._ �_
<br /> ._ '- irie provisions of paragragh 8,ia liea of the payment of moaga�e msurance premimas.'fhese items are called'Fscrov+Items.' <` __ i'.�,�
<br /> �;:` I.eader maY, at m►Y rime, wl2ect aad hotd F�ds in aa amuuat not to exceed the maaimum amount a lenda for a federally , .,.
<br /> ` : a � related martBage loan may require for Barrower's escrow aocmint under the federal Real Fstate SeNemeat Prncedures Act of �;' � � � �
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<br /> 1974 as amended f�om time to time. 12 U.S.C. Secaon 260I et seq. ('RESBA'),unless ano�her law that applies co the Funds �r.-';
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<br /> -- - - sets a le.tser amount.If sfl.Leader maY. at aay rime.coIIect amd hotd Ftmds in� amoant aat to exceed We lesser aYaonnt- .:;.,:;'.:,�'-,;�-�•;
<br /> �`�'�� I.eader may est�te the amaunt of Fnads due on the basis of aurent data aud reaso�eble�of ex�eaditnres of fuaire
<br /> - � -:�,�' < —
<br /> Fscrow Items or otherwise ia accordanoe a+ith appl�Cable law. � ` �
<br /> ` �� f�� The Funds shall be held 'm an insutadon whose deposits are insured by a federal agency, iamumeatality. or endty �..� 4
<br /> .L ; _ ` (inclu�iag I.ender,if l.eaaec is sacb an msrituaon?or in any Federat Homc L,oan Bank,.leada sba11 apply the Fuads to pay tlte R :r 4� ��`'
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<br /> , �'•�• Escrow Iteaas. l.ender may not ch�ge Borrower for holding�d applying dse Fands. amnnally analydn8 tlie escrow account.or :. �-m
<br /> "F: vertfyii►g the Escraw hems,aNess l.eader pays Eo:rower interest on the Funds and a�plicable laar perrnits l.ender to make snch —_
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<br /> ' a charge.However. Leader may require Bamuwer co pay a one-time charge for an indepeadent real estate tax reporting sesvice '
<br /> '' "�;'' used by L,ander in conneaion with this loan. unless applicable law provides otherprise. UWess an agzeement is made or �� F� .;
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<br />_ �•.��' `,�.._ -�'�. ' appiicabte law tequires interest w be paid Lwder shall not be required to pay Borrower any intesest or eamiags on the�ds: : f 'r� ,.:.�
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<br /> • • . Bonower and I.eader may agrec in wriang,however.thaz iateresc shall be paid on the Funds. I.ender shall give w 8oaower, .:,.,,. ,�,�__
<br /> � without d�arge, aa annaal accountiag of the Funds, shawing ccediu and debits co che F�mdg and the purpose for which eacb ° .� '�'�—
<br /> � ,s: ; debit to the Fvnds was wade.77u Fimds are pledged as addidonal secauiry for alI suais sxared by this Sec�uity I�rnmeat. y'°•�=� __
<br /> .. If the Fands hetd lsy l.eudtr exceed the amoimts pecmitted to be held hy applic�b2e law.Lender shall acconnt to Eomawer -��.�;.�•:,: _-_
<br /> - �•`� � ' for the excess Funds in accordmmce with the ieqvirementc of applicable law. If the amowu of the Fnads held by L.ender at azry .��:%�_=i=
<br /> 1'; � time is not suffcient w pay the Fscraw Items when due.Lender may so notify Borrower in wriung.and.in such case Bo:rower -:T�.
<br /> ' ',t� ' shall pay to Lender ihe amomst necessary ta make up the defuieacy. Boirower shall make up the defiaency in no more than �;Y:-p...
<br />,�F -� �;- - twelve monthl�'Paymeats•at L�eoder's sole ducretion. , .. �--�
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<br /> #�::�`..�. .. ,.�Y.-� • UPun paym�tt ia faA of all sums se�ed by this Securiry Insuament. Lender shall promptly reffmd to Borrowet azry - .-_-
<br /> • _ :� Funds hetd by Leader.If,uades putagraph 21.Lender sh�U acquiie or sell the Property.Leader.prior w the acquisition or sale . .;;; � -
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<br /> � of the Pru�er[y.sbaU apply any Fauds held by L�ender ac the time of acqaisitiou or sale�s a credit agaiast the sums secured iry ,. ,�
<br /> tLis Secutity Insuumau. . ���
<br /> 3.Apyllcatdon of Pl�yme�.Uatess applicable law provides othetwise.all paym�ts received by l.ender uader paragrephs ��� "'�
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<br /> .,'�.� 1 and 2 shatl be applied: fust. to aay PiePaYmeat chazSes due�mder the Note;secoad.to amo�mts payabte�mder paragraph 2: � _:
<br /> . ::�'3 th9rd,to iaceRSC due:fourth,to priaci�ai dne:and lsu�.ro�y late cha:ges due uader the Note. ' . :'�
<br /> '' - - �- :-'i� 4-Cl�gcs:l.ieas.Borromer shat}pay a11 taxes.�u. charSes. fines aad impasitions astn'bntaale co the proye�ty -- -_ , --
<br /> � ... _
<br /> • . whic�may attain priority over this Securiry Inswment,aud teasehold paymeats or ground renta. if aay.Bormwer shatl pay _°-ti' � --_-
<br /> ,:���<<: these obligations ia the manner provided in patagraph Z.or if nrn paid in ihat mamtter.Borrower shall pay them on time direc[Iy �� ,
<br /> to the person owed paymeat.Borrower shall promptly fumish to I.en,der all notices af amoyats to be paid�mder th9s P�B�Pb• .�.,��.., _
<br /> " .. � '�:•k,:.�r:
<br /> - �°�;`��" U Borrower makes thae PaYmeats duectlY.Bosr�wer shall Dromytly fumisb to Leader receipts evidencing the paymencs. , - .
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<br /> , � Borrower sbal{praa�tt�f�chatge any lien whic�has priariry over this Security Inmumeut untess Bonower:(a)agr�es in -
<br /> L " ;;' . �' writing to the payment of t6e obligation secured by the lien in a marmer�cceptable to Lender,@)contesu in goad faitb the lien
<br />-- - • � by, or defends agaiact enforoement of che lien in, legal proceedings a}uch in the I�nder's opinion operate to prevent the . •
<br /> � � enfonement of the iien: or(c) secures from the holder of the lien aa agreemeat satisfactory to Leader subordinating the liea to . _ ' � �
<br /> '� '. . . ..:,+•� this S�uriry Inswmeat. If Lender daermines that any pan of the Properry is subject to a liea wLic�may anain priority over .. :� ' . •
<br /> '' � ' this Secarity laswment. Lender may give Bonower a notice ideatifying the lien.Borrower shaU satisfy the lien or take vne ar . "
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<br /> • � ' ��� more of the acrioas set forth above within 10 days of the giving of notice. � - '
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