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<br /> � ,�r'c` r ? • �GErE�W1TH'dn d1C ID{pIOY?iIICIILS AOa►OI�Ri�E�CLCC�OA�.QlO�r �8II Ca4C[J1PJ1�SPPUIIL�1' 'dACCS�2A� < x, : s::_
<br /> -�.;: .: ` <. %•' s6all also 6e coven� b this Seari ., ��� -
<br /> _ � ., t- fixuires iww or h�r a pazt of ihe pmpeatY. All rq��ts and additions Y ty - _ -
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<br /> - ` ` `� Instmmeat All of t3te faregamg is tefemd �Y �� � t and ~'�`
<br /> -;�:.'.- '�•` ��� tnus dus S Insuumeat "�P�Y•oonv ed and has the right to gran ,,,,9 •
<br /> ;. - _ . SORRORIER COVENANis t'hat Bottower ig lawfuliy seased of the es�hecebY eY �_ '�
<br /> --� •` ,%� is tmencombered. excePt for eucambmaccq of teoord. Baaower warrants and wiIl rQ �: , `� ��r'
<br /> - s�� coavey ihe Froperty and that the Piope�tY
<br /> _=3'.. ._ . - all claims�d de�nand4.sabject to m�y eaa�mbranoes of record. � ��? `
<br />--= defend generally the titte m the Propecty agtins� � �� � _ ;=-f;_.--
<br /> �:?,?° .� ^�5,: .. THIS SFCIjR1TY INS'TRUN�PP oombmes�mifomi coveuants for r�asio�l use and non-unifoim covenants � �`K 4�'
<br /> -����:,_ . - vatiarious hy jtQi�xion W�a�futm sesuity u�sGt�neat covering reat pmpeatY• � `-
<br /> 3�-`_ . :, whers duc thc � , :—`._
<br /> --�- LlMFORM COVENANI'S. Boauwer and Leuder wvenant and ag�ee as fo3lows: :L:`
<br /> �#�r ,1 t and Late�a�gea Bonower shaD prom1�Y PaY
<br /> �, ,; � '� l. Papm�nt oi Priadpal and Inier�t; PrepaYm�► t and late c1�arBes due undea the Note. r,t
<br /> . ry.� priacipai of aad interest on the debt evideuced by the No�and any pcepaYmen w+ .
<br /> � ., . Z. F�mds fos Ta�es a n d I n s v r a a c e.S u b j e c t t n a p p t u;a ble law or to a wciuen waiver by l.eader, Borrower shall pay w G, `< `
<br /> �'` � • eat�are due tmder the Note,uatii the Nlotc is paid in fulL,a snm("Funds") for.(a)Year1Y ta�ces `,�t'
<br /> � � L,ender on the day mouthly paym �nld pay►aents -
<br /> � ` over�his Security Inst�am�t aa a lieu on the Pcape�ly, (b)Y�Y
<br /> { �,: E _ and ac�eats which may auain P�i�rtY 6aTard or insurance�e�(�Y�Y�insuiance premiun�s. �
<br />-:� "- - - or gmimd m,nts on the Pcopenp, if any.(c)Y�r1Y PmP�S' insn an :
<br /> •,� . . .
<br /> ,- �- - i'.�- �: . if .and(�anY�F���Y Baaow�m Ir�der, in acco�dance wnh - �:-
<br /> -�;� ¢�Y:(e)Y�Y�nSaSe�� � '�e items are caQed�scrow Items.° ':��4,
<br /> ��� ,� � d�provisionc of pffiag�aph S,m lieu of the paymex�t of ma�Zgage insittance p�ninms. '
<br /> �� '• � �� coltect and hold Funds ui an aa�ount uot tv exceed the maximum amount a lender for a federally ` z •`' '
<br /> L.eader n�ay,�any um�. r .'w',
<br /> =``��:� , � c�lated mo age lnan may require for Sormwe�'s escrow aocount�mdea the fed�al Real�s�ate SeWement Pcocednres Acc ot , �„r
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<br /> �g<., ` 1974 as ameaded from ame tn time, 12 U.S C. Se�ion 2601 d seq. f'�A'7. antess anothea law that applies to the Fands - �_
<br /> �.:.
<br /> � � . Lender may,at any time. collect and hold Fund4 in an amoaat am to e x c e e d t he l e s s r r a m o u nt '.�k�
<br /> :. dx.._ . � •� ; :-:^; sets a lesser amowt� If so.
<br /> 4 '` Lenda may esoanate the au►oaat of Funda due aa the ba�of araent data and reasonabte estimates of expendiRues of fuwce _
<br /> , ..�i��. `.a:_ - Fsctow Itemc arotherarise ut accord�tce wuh applicable law. �� ri1Y _. -
<br /> ' The Funds shall be heW m an in�timtioa whose d�ace insased by a fedeial a$aicY, tality, or en , •--�;�:
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<br /> c� `• �: ('including Lendea,if Lender is sdch an institatimi)or in�►y Fedraai Hame L.o�Bank.I.ender shatl apply the Funds w pay tke '._ �.. �„
<br /> � �-. `� the Funds,annuallY anat�8�esaow accoun�or ,.:�:,. ` ;
<br /> , �•;:..� � . gscaow Itans. Leader maY not cdar8e Boaower far hol�mg aud applping
<br /> • � Leudea to make such � �
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<br /> �`�`��� • vcrifying [he Fscrow Ite.ms, unles4 Lender pays Bofrower int�est on t6e Fm�ds and applicable law paauts
<br /> :;��,�i`t ' ' �' � `:` Bolrow�t�pay a one-time charge far an indepe�dent mal estate tax reportinS seavice ::
<br /> Y ��� '",�e °v;=•..^ 8 C�12[$B. H09YCVE'ds 1.CA�.t ID3j►SCQInLe y��y Otf1PlWISC. UIlICSS 2A S�t IS II12�C QI '�:r t;
<br /> �{P.' used b i.euder u� connedion with thiv 1oan, unlcss aPPlitable 13w pm �
<br /> '��F°�':.. �. . f `.} .'� applicable!aw rcq+mes inteiest w be paid.T.ender shail not be iequired w pay Soaow�anY jnt�st or rR+mm&g°w Bonow .��-;':
<br /> ����j. . , :. � �arti6nB, however,that mterest shaII be paid on the Funds. Leader sha11 gi :•`_ �,�`_�
<br /> . .� Bouowea and Le,nder may agree for which each
<br /> - ��?� `. ' - witttout charge,an annaal accouatmg of the Funds. show�g credits and debit�w the Fands and the purpose �, :r ,
<br /> . �.': : '.. 4 '� ed as additional seatriry for all sums sec�ed by this Se�nrit5+Inson�ment • • ,;. .-:
<br /> • � ?,� �� debit to tfte Fands was madc.'Ihe F�nds are P�B
<br /> .'r„1.:: � �S;>
<br /> .���",• , . ' ff�he Fimds held by Lender exceed the amoancs permitted to be hetd by applicable law, Lender shaU account to Borrawer
<br /> m
<br /> � c for the exee.cs Fands in accordance w i t h t he =e q u�e m e n t s o f a p p li c a b l e l a w.'I f t h e a m o u nt of the Funds held by Lender at anY
<br /> _�= �* t i m e i�n o t s�ff f i c i e nt to p a y the Escrow Items whea due,Leadea raay so norify Bouowzr in wripng, and,in such case Borrower
<br /> , �"�, . c;`:.' to make up the deficiency. Boaowes s h a ll m a g e u p t h e d e fi c i e n e y a�n o m o r e i h a n .:``° ,
<br /> spall pay to Lendec tt�e amamt necessary
<br /> � � • • �° twelve montblY PaYmeats,a!Lendra's sole�iscretion. �r �
<br /> � Upon paymenc in full of all sums secured by this Secvrity Instmn►ent, Lendea s� P10�A�Y ref�md to Bonower any
<br /> �� :. . r:. , Lendea.P'rior to the acquisiuon or sale .•`,-
<br /> .;=f�_.� • .. Funds held by Lender. If.und�rs paia�raPh 21,Lettder sfiall acquire or sell the Property.
<br /> f II
<br /> : nr` �' , , , of the PropeRy, shall apP1Y anY FW►ds held by Lender at the time of acquisition or sale as a credit against the sums secured by •-�••;..
<br /> '' ^.,;`'• - . . ttris Securiry I�suvment -
<br /> ,� ,,: :. . ,. ,
<br /> . . . 3. Applkadon of Paym�ts.Untess a�Gcable law provides atherwise.all payments received by Ler�der under paragraP Z . -
<br /> �,.��:��`` _ 1 aud 2 shall be applied: first, m anY prep�Yment chazges dae uader the Note; second, w emounu payable uuder paraBzaP
<br /> �.��'';,._ � 1hirQ,to inte�est duc:fourlh,tn Principal da�and last.w airy late charges dae andea�he Note. - �-., --
<br /> , ,►�`.,:. •. � • 4. Chasges+Liens.Baaow�shalt paY all taxes.assessmenu. char8�s.fines and imposidans attributable to tho Property
<br /> ' ;t�? '.`�• � . . whlch may auain priority ovea this SeaaitY Iustrumen� and leasehold payments m gmund rents. if any. Bonowea shaU pay •
<br /> Ius u `
<br /> ' "�; . . • � � � these obligations in thc�rsnner pravided in Pa�agraPb 2.or if not oaid in that mannea,Hoaower shaD pay thedn an wne directly
<br /> .k ,: : ,
<br /> � ��...� to the pe.rson owed paYment Borrower shall promptly fumish to Lender all norices nf amounts w be paid under tn�s paragraph. � �r... �
<br /> s...:= , . fumish to Lender receiDts evidencang the payments. •�
<br /> ';, ��,. . ° Il Borrower matu°,s these payments direcaly.Horrower shall Pro�P�Y
<br /> ��; �," . . � • Bonower shall promptly discharSe enY lien which has prioriry over tbis Sec�riry Insuument unless Bo:rowea: (a)agrees in • .
<br /> '. -;� , • . writing w ihe paymea�t of the obligation secrued by the Gen in a manned accePtabte to L.ender. (b)contests in good faith the lien .
<br /> ' '`� ��' by, or deferidv against enforcement of the lien in, lcgai proceedinBs wluch in the Lender's opinion operate to Preeait �he ,
<br /> .`�. .� � ' enforcemcnt of the lien: or(c)sccures fcom the holder of the lien an agreement sat�sfactotY to Lender subordinating the lien w ,
<br /> ���'�;'•'�"_� . . .: .� U►is Sc;e;uriry lnswmenG !f Lender detertnrnes that any part of the Pcoperty is subject to a lien whieh may ana+n priority ovu :-
<br /> i:" � � • ) Ihis Securiry inswmenG Lender may give Bortower a notice identifying thc Gen. Borrower shall satisfy the licn or take one or :,
<br /> � « morc of thc actions set fonh above within 10 days of the giving of nodce.
<br /> ..�'.,::... ' , ` _� Form 3028 9190 �
<br /> f �-�f
<br /> .�-'; '' - . • Oye 2 of 8 uv.,ya .
<br /> . .r. , �•BAINEI re2,�i o+
<br /> , , � 10253569
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