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<br /> .', �. < 5�ues aata► or h� a part of the pmperty. Atl replace�nents aad additioas shaU also he oovere� by [his Sec�ity �•-'� `.'`.�,?::��.:�
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<br /> �°�:,:u iasdnui�at.A11 of the foregoing is referred to in this Seiaaity Ias�t as the"PmPenY•� Y :".
<br /> •: ,�_..� ._.<c�.,F. BORROWER COVENANTS Wat Bormwer is lawfiillY seised of the estate heceby oonveyect aad has tt�right w grant and ,. �
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<br /> ` �"- . `�` coavey the Propaty as�d that the Propetty is nn�um6�d.eu�t for eaaunbraaoes af teoord. Borrowa waarants and wt�l :
<br /> e� :` `:;` defead ga�ally the tide w the?mperty sgaiust alt clatms and demands.subjed w aay eacatmbtances of nxord. '" k� ...
<br /> � ` �.-`�' THIS SF.CURTI'Y INSI'RUMENT combiaes nnifoim ooveoaats for national u�e and nan-uniform oovenams with ljmited ' .:�Y, °�� �F ��°�
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<br /> : W�Q�C 8IIOf�OiOl S@l�ltlt•J�lU�t ODYfllri$t q l QmpC[ty. �.� �-__.
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<br /> rJ'�yr UIV�ORM COVENANTS.Bo:rawer aad Leader oovenant and ag�ee as follows: �, � "�i � „ � -:
<br /> '"�% aad LBtB C68Tg�+. BOIIOwCi Sh211 PmIDPdS►Pa� whCD duC Ihe r , `.a r �
<br /> F - t I. Paymeat oY Ptln��pa1 ettd Intes'est;Pe�pa9r�t °
<br /> r:.< p:iva�al af and int�est on the debt evid�ced by the Note and any pmpayment and hte charges dae�der the Not� }° :;;•� .`:
<br /> - ° �: a.Fimd4 far Tase4 aad�us�e. Subject to appliwble Iaw or to a written aai�er by l.eader.�oaower sl�aU pay w S ,,'s;�� , .•-
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<br /> _ � ���°N ,_m. I,en�r on the daJ►�Y P�Y��aze due under the Note,�ma'1 the Note is paid ia fWl,a s�(p�YUtV��`�/7�� T�. �4
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<br /> ' sud a�ses�teuts arhich may ffitam priotity ova tbis Sec�iry Instn�u�eat as a lien oa the Pmgenq'N)Y�Y���td papments " ., ` ` ,?
<br />__ <';` -? or gcotuW�oa the Pcoperty.if aaq:(c)Yeaz1Y�rd ar prnpeity msnraace p�s'(d)YeulY Aoad i�noe pr�iu�. ,•`'.',_.`�':�.
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<br /> ` ; '�" ��(e)Y�Y�8e�P��if any:and(�aay sum�PaYable by Boaower w L�det,in aecordaace with .
<br /> '� " ' x `rG the prov�siinns of paiagrapb S,ln liea of the gayme�of mortgage'sasuranee preon�ums.'Ihese items are calted°Fscmw Iiems.° �� ` �� ��
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<br />:�,��..`_,� -._- ::�:`, LEader may,at an}r time,roltect aad Mtd F�mds m aa amo�mt not to acc�ed the ma�mnn amoimt a 1�for a federally ;..< . : '_ ...,_y._.
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<br /> _ _ : _. nelated mort$age loaa may reqaire for Horrower's emow a000unt oader the fedeial Real Estate Seutemeat Procedures Acx of :�� .,.:.-: -
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<br /> ti.��;. �.=t ima��a�a�om w�w�, ia u.s.c.s�aon �oi��.r�n°�,���+sn��w��
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<br />`'�_ .•�• - �,`-•, S�S S IESSC[8m[fUOf. �50. T.�2IIdCi ID39•8t BIIjt��'. C0�0C[�330�d�d3 ltl 8A 2IDOUII[IIOt LO CTiC�!��ffi�[. ':,�;'t,..; , -
<br /> � ::� �x l�de,r may�e the ansouat of Fonds dve on the baais of c�uc�data aad reasonab2e�of expenditures of fumre L �.
<br /> ` ` '.-�.��� Fscmw Items or mhezwise ia a000idmmce with applicabte law. • , ,_
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<br />_ ' ,'�`: The F�mds shall be hetd in aa iastitution whose deposits ace u�ued by a federal agency. m�tl►. ��Y � •,,'�__.�--
<br />_ ',�.t'.:,�.�z{ (inclwrmg�.ender,if L�der is sach an insatatian)or ia aay Pederal Home laaa Bank.Leader sball appl�►the Funds w pay tlie ' �"_�j,:.._�`
<br /> " ' ti;Y; Facrow ILemg.lxnder may not�ham�Boitowet for holding aud applying the Fonds,annnally aaaly�iag tbe escraw anoo�t,or �_
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<br /> '""', vpif�ing tite Fscmw Iteq�s,untess lxader paya Bormwes inteaest on the Fuads and appticabte law petmits LaWer oo make sncL -_
<br /> " . a charge.Hawever.I.ender maY requi�e Bo�mwer to pay a ono-time charge for an indep�d�t ceal e�te tax ieporting se�vice ` :?�;.`%�t'
<br />= _ Rsed by Leuder m ao�ectioa witb this toan, ua2�s applicable laar provides ot6e�rise. Unless aa agce�t ia made or �4��F��.':
<br /> applicabte law iequises interest to 6e paid,Lender sball uot be required to pay Bomswer aaq inte�st or eatnings on the Fuads. ,-• :
<br /> '" �:4 Bosrower aad Leuder may agcee in wrlting,howetrer,that inu�est shall be paid on the Funds.Leada shaU give to Bamfwer. �, � �.-_
<br /> - withom c�arge.aa a¢�nual acoountiag of the Faads,showia$credits aad debits W the Fmtds aad the patpose for wh�CL eacb '�'..��� ��<:--�_.
<br /> . . debit w the Fands was made.7tie Fumds are pledged as aQditional seQUiry for aU sums seaued by this Searsity Instmm�at. . ::�!
<br /> •`"'` � �,. • ` � If the Faads held Dy l�ader exceed the�omus pecmitted to be hetd h7+BPPlieabte law,I�nder shall aocouut w Boimarer . ::'„'�.� .�.;'�'���
<br /> ; ' .rt • ' �t for the exeess Fands in accordaaoe aritL the reqni�r��ts of aqplicable law.If the amount of the Ftmds hetd 6y Lendei at any :.:`.,,:i =*���=,
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<br /> -..-:��_,;....:=' time Is not sa�datt to pay the Escmw Items when dae,Leader may so aorify Bormwer in wtiting,and.ia sncb case Borcower ` ., ', f,
<br /> ahall Da3►to Leader the amount necessary to make up the defrciency.Hoaower shall make ap the deficIeaq m no tnore than �.�""�,�`i
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<br /> . , :f-' taretve monthsy payments,at I.ender's sole discreuon. . ��,'�
<br /> ' t: ;>" Upon gaym�t in fall of all sams s�ured by this Seauity tasmmawt, L�eoder shall pmmptiy refimd to Bormwer a�r �.. �:r.��
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<br /> :`- . � Fuads 9ietd by Leader.lf.imder paregraph Zl.Lende�shall acquue or sell the Property,I.ender.Prior to the acquL�ition or sate ,:;��'���:
<br /> . ' ,. . , of tfle .shalt Funds hetd hy Leader at the time of asquisitlon or saIe as a credit against the s�secuied by ,.
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<br /> , ; ��' 3.Application oY P�ymaats.Unle;�s applicable law provides othe�wise,al!payments zeoetved by l,ender under pareg�pDs • _
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<br /> � � -� 1 and 2 sball be applied:fust,w�l►PreDeYm�t charSes dne under We Note:seoond,w mmooats Dayab2e vader pawgtaph 2: "„ :
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<br /> _ , ... :c k;,;. due under the Note. � •
<br /> �: 4 . t�ird,w in2ere,wt dae;fourtb,tv principal Qae;and 1ast,w aay late cAarges . ,r ',,''..�,`i1'�.,
<br /> . . ., q,Cim�ge�Li�.Borrower sLall pay all taxes,asses�ents,c,harges.fiues and impositions a�Ie ta tae P�operty _ �::.-r
<br /> • , •.,,�-�', aLicb maY a�a P�ritY ove�tbis Seearlty Instrmnent,ead Ieaseho2d payments ot ground renis.iY auy.Boico�ves Shall FaY
<br /> °; � ' � the.se obligations ia the manuer provided in paragapD 2.or if not pa�d ia that manner,BoYrower sball pay Wein an dme di�eply • : , �.
<br /> . to the person awed paymeu�Borrower shall promDtly fumish w Lender all natices of ammmts w be paid nnder this Datagraph. .
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<br /> - . . ...".�� If Borroarer makes these payments direcUy.Borrowa sball promptly fivaish co Lender:eceipts evidencing the payments. _ ' , -.
<br /> . �� Borrower shHll�PmmPUS+��8e�►Y liea whir�hag pdority aver this Securiry Inswment untess Borrawer:(a)a�s ia . . .,
<br />- . '::,;.{ writiag to the payment ot the obligatioa secured by the lien in a maaner acceptable to leader.(b)co��ts in gaod faith the liea ,. ....
<br /> � ...i. by o:dcfends against enforcement ot the li� ia,legal proceedin�s whlch in the LeaQer's opiaion opetate to ptevent tbe � ;+-_
<br /> ; enforc�ment of the lien;or(c)secutes from the holder of the liea an agree�ent satlsfactory to Leader subord9nadng the lien w
<br /> • ' •� t�ls Security Inst�ument.If Leader determines that a�+part of the P�operty is subject w a Iten wtuch may atta�n prtority aver _ ' . ;� `
<br />-:,}.. ..` �; this Secuiiry Iuswment.Lender may give Bosower a notice ideutifying the 1t�.Borrower ahall satisfy the lien or take one or ,.. ,.
<br /> 1'� '� ' � more of the actions set forth above wlthin 10 Aays of the g�viag of notice. . • •
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