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<br /> • 'I'O�ETHER WiTH all[he improvements now or heieafter erected on t�e Rroperty,and all easemenu,appurtenances.sud
<br /> . -:� .- - fiatures aow or hereafter a pan of tae prap2:ty. AtI replacemenu aue ad�iiuons si�a11 also th2 tovcred hy this S�wity - .
<br /> � Instrument.All of the foregoing is referred to in this S�urity lastrument as the'Property."
<br /> • BQRROWER COdENANTS that Borra�ver is l��vfnlly seised of the estate hereby coaveyed and has the right to grant and
<br /> . . , , , convey the Prap�rty and t6at the Property is ttaeacumbered,eacept for encumbrances of cecord. 8orrower warranu aad wI11 �.x_•
<br /> � defead geaerally the 6tte to the PmPerty against all claims and deafaads,sub�ect to aay encumbrances of resord. -
<br /> THIS SEC1JYi1TY INSTRUMFY�IT combines uniform covenants for aauonal use and non-uniform wvenaats with iimited -
<br /> variations by jurisdiaion to cunsYitute a uaiform security instr�mQnt covering real propErty+-
<br /> � lJNIFORM COVENANTS.�orrower and Lender covenant and agcee as foilorrs:
<br /> -,. 1. �¢yateni o?prinsig�S uad Inter�t; 1�re3saYmera3 an�l Late Ci�ar�ges. Borrower sball proffipdy pay r�hea dae the �
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<br /> ,��<^�': principal of and interest on the debt evidenced by the Nore aad any prepaym�ut an.d late charges due under the Note.
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<br /> • ��•� "��'� ' 2. Fliads foz Taxes and Hasurance. Subjest to applicable law or co a writtw waiver by LQnder, Borrower shall pay to �,��
<br /> ' Lender on the day taonthly paytnents are dae ander t�te Note,antil the Note is paid in full,a sum t°Fim�s")for.(a)yearly taxes �:�
<br /> t aad assessmenu wtrich may attain priority over this Serutity lnstmment as a lien on the Pcoperty:(b)Yearly leasehold paymenu =
<br /> oc grouu�rents on the Fropetty,if anY;fe)Y�Y h�or pmgerty insurance premiums;Id)3'eatly flo0d incnrancE pieIIliUms. �,.
<br /> . if aay: (e)Year1Y mortgage inswance premiums,if any;and(� anY sums Payahle by �omamer to Leadez.in ascordance with _-
<br /> the provisions of paragraph 8. in lien of the payment of morrga8e insuTanse premiums.lhese items tu�e calle�"Escrow Items.° -
<br /> i,ender may, at any time, collect ansi hold Funds in an amnunt not to exr.ced the maximutn amnunt a lender for a fedgrally =
<br /> , •, • related moagage lcaa may requiie for BarroNer's escraw acxount uad�se federnl Real Fstate Settlem°nt Pmceduees Act of --
<br /> " . a� 1I74 as amended fmm time to time. 12 U.S.C.S�c'cion ?.601 et seq. ('�?A°).unless another lae+that applies to the Funds �--
<br /> � ?.- sets a lesser amount. If so,Lender may. at aay tIm�.calLxx and hold Funds in an amount uot to exceed thc lessez amount. -_
<br /> .- `�. Lender may esti�ate the amount of Funds due on the basis of cuneat data and reasonable estimates of cxpenditures of futnre �__
<br /> �`<; • Fscrow Items or otherwise in accordance�vith applicable law. -_
<br /> . '� 't9�e Funds shalt b$ held in an i�stitution�vhose deposiu are inscred by a f�Ieral agenry, insm�meniality. ar entity _
<br /> � '�:t����:�-""� �L.�luding Lender,if Lenaler is such an iustitutioa)or in any Federal Home Loan Bank.I.ender shall a�ply the Fvnds w pay the W
<br /> .''':���y,� '' E��y Items.I.ender may c�.��aarge Boaawer for holdi�;and applying the Funds.arnually anatyzin,g the�scrow atxouat,or =-
<br /> .� �f��~ � r��r_�'`x-W^g the E�sroar items,::�J:�s Lender pays Eorrower im�.cest oa the Funds aad�_isable law permits Lender to make suc�
<br /> ' a°�e.HQrrcvr�.l�ud�r m�y require Borrower to pay a ene-time char��for an inciepenslent real estazs[ax regartin8 sen+ice
<br /> .... usz� '�y Lear.� iy connec�on with this tnan. unless ag�lirable lar� gr�vides otherwise. lJaless an a�eement is mnde ar
<br /> � l•� a�zli�.^le lz��,��ims intenst to be paid,Lender shall c�t�z isqu�.-��pay Borrower any iIIteresc or earaiegs on the Fund:.
<br /> . go^�^;�sr a��der m�y agree ia writing,however,t�::��t s�:l be Qaid on the Funds.L�ader shaU�.4�.�Boa»wer,
<br /> z:, . without ct;-� an anaaal aconunting of the Funds,sho�:��...-�..'�•s and drbit4 to the Fnnds and t�e pwgose t�r a+hicdi each
<br /> � debit to th��i�rfs was made.The Fuads are pledged as addiru:;..='s°-»w..="y for all sums securzd by this Security Iaguuraeni.
<br /> -� • '. If the rnn,'.s het�by Lender exceed the amounts permi*:�m'=e��et�by applicable law,l.ea��all asxount to Boaovuer
<br /> � fcr the exc�s Fuads in accordaace with tfne re�Nirements of applica3:r l�v.If the amount of the ra.�3s held by Leader at any
<br /> ��a��`••�;��;.� .� �s not sufficient to pay the Escrow Items when due,I.��r may so notify Bflrrc�:�r in�vritiag,a.'.d,in such case Borrower _
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<br /> _`!�;��'�•�': �t:7:;_ay to I,ender the a�r�s necessacS+to make up r�:r c�z�ciency. Boaower s:al:�c�ise up We deficiency��o more than
<br /> ''-�" ' a u.a F✓�dez's sole discretion.
<br /> -./�•��_;:s, ' tc,::,e montt�lY F Y�Q
<br /> `�;�.:,�';,.��:'.:. Upon paym��t:� Pu:l of a]S sums saured hy this�-.y S�..iw.2att, Le�i�r�.ati prc��:y refund co Borrower any
<br /> �#'�- Fands held by Ler.3er. lf,under paragraph 21,Lender sh;�:t�uira o.�a.d►e PraP-�:�,Leader,�.��r to the asquisition or sale
<br /> :--� - of the Property,shall apply aaY Funds held by Lender at�iv:time of acquisidos�r�:is a3 a credit against the s�s secured by
<br /> �,t.;i ' '.�:,,. this Serauuity lnsttu�ent. --
<br /> -�:``F:�s;�� 3.Appllcatio�of Pay��.Unless agplt�ble lacr Pe-svides othernise.all payments received by l.ender�ndar paragaphs
<br /> _=�e.a'.:�1;:•°.�T''�
<br /> _--"- =-``-" 1 and 2 shall be ap�li�: fust, W any prepa}rment chazges due under the Note;second,to amounts payable under paragraph 2;
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<br /> - tbird,to fnteiest due;fourth,to principal due;and last,to any late charges due uader the Nate.
<br /> ___,;:��°� 4.Ch�rg�.L1Ens.Boraower shall pay all taxes.a:sessments.charges,t3nes aud imposidc:��.m'butable to the ProPertp ,
<br /> _- -'-T: •r3irir.h aray nttain prioriry o��x chis Seasrit3+ Insuume�., :s:d leasehold payments ar�ound rents. if any. Borrcwer shall Pa3+
<br /> -.:�%='••� h 2.�.��:f not aid in that maac�.,Coaower shall pay thers an a�.�e directly
<br /> ;;_;Y�;��-:•. Q��„obligauons in rte mann�ptovided in P�P P
<br /> - -�-=r" to the p��son owed p3yment. Bonower shall prompsly fiarzish to Lender aU notices c.�mounts t�t��paid nnder��is paragtaph.
<br /> �='r'a'�'. If Borrowar makes th�paymenta di�y.Boaower shall promptly�ur3sh to Lender receipts eb-i��r-.�.cing thE paYmenu.
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<br /> ��y�;�`' Borrower shell prompily discharge any lien which�as priority or-r.thia Secur�v Iosirument uniess Boaoaer.(a)agroes m
<br /> -==��" ��r'r�g to the pay�ent of the abligs�ion seruted by the[i�.a.:n a manner asceptable:r G�nder;(b)contests in goad faith the llen
<br /> '•'�c:r,,,.-:.-.'•'. . uy. or defeads agaLst enforcement of the lien in, le�;r3.rtoce�I�F,s whtch in tlr�e �a�er's opimion operate to prevent ttte
<br /> =`='''_�°-�"` enforcement of the li:n;or(c)secures from the holder cL the lien an agreement sati�fac,tory to�er subotdinating the lien to
<br /> �:=`�':�':��: ' this Seruriry Insuu�ent. If ixnder determiaes thut any part of the Propeicy is subject to a lien�:tuch may attain priority over
<br /> :��=; •-�.° ., thls Ser,uriry Ia�ttu.=cnt.Leader may give Boirower a cotice identifying the lie.�.Borrower sh4II;attsfy the lien os take one or
<br /> ''°""`:;"1���-• cmre of the actiana set forth above wit�in 10 dsrys�f tUc g,ivin;of norice.
<br /> y . Form 3628 8/S0 .
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