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<br /> ` 'I�t'i1ETHER��►ITH all ths unpraveme.�ts now ar hereaftar erected oA the progerty.and aII easxanentS.appurteaa�ces.aud
<br /> ` ,. � -� �.,s aorl as h�a p�t of thc p:o�ty.All repl�ns�aLs attd s�di�ions sl�.lt also bs co�ered by this S�tuety Ias�umQat "
<br /> . All of tha€a�gamg is refesred to ia this Sesiuity Instrumeat as the"Pcop�rty."
<br /> , '� BfIRROWE[t COVBNAPVTS that Bamowea Is IawfuUy seised Qf tlie es�te heseby conveyed aad has the righa w�►t and
<br /> � ` canvey the Aroperty aud th3t th��ropeaty is uae.ncumbeaad,excepa for encnmbraaces af recazd.Bormw�wsrrants and�viU
<br /> defcnd getmaally the titie w t�e Property aS�inst aIl claims aad demnn�s,sub�ct w auuy encumbrances of�cord. `
<br /> � ' THIS SECURITY INSIRUMENT combuces imiform covra�ants fos ct�tianal �and nan-unifosm covenants with limited
<br /> Y�13�4AS Ify JlltISdIL�OD W Cd7lSilttlt8 8 UtllfOiIri SCCtII�E}►IDSWi[tEtlt OOV2tII1g fC�jTi��y. '
<br /> ° � � (JMFORM COdEIVANPS.Baaow�r and I.eader covenant and ag�ee as follnws:
<br /> -- - . _. . - . � 1.Paycaent af FcFnripaf anfl Ysterest:Prepaptaeat end Y.ate C�rge�. Borrowea shall� promptlY Pay ahen due the
<br /> -T-- ' princ,�21 of a�►d i�tea�st or�the dcbt cvidtuoed by the I�Tate attd aaY F�F-'Y��L 2ad La?e charges due nnder ti�Note. ' z.
<br /> � � Z.Fvads tor T�xes aasl Insnrance. Subject to applicable law ar to a cvciitea waiver by Lsnder.Bonower shall pay w
<br /> ax
<br /> I.eader oa the day raonthly paymeats are due under the Note,vnt�ths 1�Iote is paid'u►fu11.a snm("Fuads'�fos:(a)Yeariy taxes
<br /> I i�old ii-twtis �•�
<br /> �� aad assessmen�t which may sffai.n priotity over ti�is S�curity i��*��,t as a�on the P�o�eaty;(b)Y�Y PaY -
<br /> _. . � or grovnd teais on the Ptoperty,if anY+��)Y�jY��F�P�3+'�s�u�aace p�iam�(d)Yeariy flaod'mssnanx premiums,if �
<br /> � �Y•(e)Y�lY�na�4�ge insnrance premiums.if any:and(�anY�1�Y�2e by Banower to I,esider,�aaorQance with the --
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<br /> � ' , '' pmvisions of puagiaph 8,in tieu of the paymeat of mmtgage in�uiause gremiwms.'Ihese ieems are called"Esaotv Ite�s.°
<br /> . �''„ Lender rnay,ai any time,coll.�ct and hold�iucds in aa amoant rtoi m cxcaed the ma�cimum amoimt a leader for a fedrlally retated __
<br /> mortgage lflan may zequite for Bmrower's�;aaw account�m�gr Eh�fedaal 12e�1 Esm*,e Seu3xm�nt Prooe�ures Act of 1974 as —
<br /> � .a. ffiaeaded f�m time tu C.+r�12 U.S.C.SECtiim?.fi01[L a�. ("RESPA'�,audess�totlses l3w d�at 2ppli�to the FuIIds seis a lesser --
<br /> amo�nt.L s�,l.�c'�ar�:�,at aay ame, ca�ect�d �ld Funds ia an ama�t aot to exceed the lesses amouat.Leader may -
<br /> >a - _
<br /> � . �:. � � espma?e��nn3 of�.^ds dne on rhs 1�Sis of cmoreet data and�an�ble es6mates of exp�dmues of funu+e Fscmw I�ms ar �=
<br /> . I alhewi�z��rdaace wi�app]icable law. .�-_
<br /> � ? T6�Fuads s6a11 be h�:fl in aa insi�on vrhose�r�.��e uis�ued by a f�E agex�ry.insuumcntalitY.ar eatity('mcluding ,�-
<br /> !, J t.�der,i#�.eaaar is sucn an instinniaa)or in any F�al xome Losn sank.Ir�zr sball apply the Fuaas r�pay aie Fsaow 1�1--
<br /> �� -',.�.,� �-; Items.I�r�may aat charge Boimwer far ho2ding and�p2ym8 th�Fnnds,anauaUy anaty�iIIg r�e esaow aorann�or veiifYffiS
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<br /> •:•*;€-t'•.• the Fscnn� =�ms.�mless I�eader pays I�cs�ower interest on the Funfls an�applicab2e law ge�:;s�dear to maYe such a c&�*�e. �_
<br /> Hnwever,�du may reqnire Boaoa��pay a on�6me charge far an uidege�ent real e�vr tax reparting service u�d by
<br /> � .''°s' ,'�. Leader in cannection with this 1oan.�mless a�plicab2e law�rovides uit��nvise.[IaL�s an ag�eemrat is made or applirab:�G..^� �
<br /> ' � ,,.. reqttire.s mtr�est to be g�i,Leads�shall moi be required w pay BonowEr any Qsr�sest or�gs oa the Funds.Bmiower�d
<br /> . _ ��;ci°'.�:'�� I,eader�,.�a�roe in a�ng,howevea,t�at m�t st�all be paid on the Funds.I,ender shall give to Boaower,wiAwut�an
<br /> '�''� �nual a�:.�tmg of the Fuuds.sha�-..�credits and debits fn the Funds and the p�upo_se far which each debii w the F�ucds�s
<br /> . ' -;'.. . m�de.3!��'�ds et�p1Cdg�As edd�.:�sECUT'si}►for sll sums sectix�i by this Seca:tiiy tncmrsrr�t
<br /> . . . �� � If the�unds teetd by i.e�eder exc�ed dce amnun��miued to be�i by spgiir�'a law.I.eadzr shail axount tn Bomnwer for �
<br /> � , �e excess Funds in acca�lance with the r�eII.srs:.r uf a�plicab�s law.If the�asm:of th�Fun�held by Y�d�r at any titne is
<br /> not s�r.'r�it to pay the F.scaow Yteans�A�:�due,T�r!,r�may sn sc"`+-ty Boimwer iu a�:�iting,ar�,in such�..�isauo�ver shall PaY
<br /> ' �.
<br /> w L�eader the amo�t nec�ess�y Im�s�e u� tir.e ui:�-encY. II�-.-er s6all �.ok$ap th;�•d���;in::�mare th2n tareive
<br /> manthly paymeats.atLeadxr's sole 'd.�:�t�susn.
<br /> Upon�►Ymen4 in fuil of all sums se�.�6,�JT:s Seauity Iastrum�t,Lende�shall pmmp�.�y refund m&aaowea any Funds
<br /> ' hefd by Lendel.If.under paragraph 21,L�esid��acquire os sell ths Propear�>I.ender.DrIor to the acqnys�oa or sale of the
<br /> , prope�ty.shall apply anY Fuads held by Lend�z ai the ame of ncquisitim►or sale as a credii agafinsi the sums secured by this
<br /> . � ,;,y,. Secvrity Instnurtent
<br /> ..��;;:'? 3.Application olPeyments. Uc�s applicable law provides otb�w'a�e,all payrmeats received by I.eader umler�hs
<br /> , �.y�.� '; 1 and Z sLaII be applied: frrss,to any p�+egaycaent ct�ges dne unda th�Nat.�sscand,to amounts payable under puagraph 2:
<br /> , , thicd,tn interest due:fouith.ro Prin�+pal duo:and last.to any late chargxs duE under the Note.
<br /> - ..•{„�'- �.CharSea,Lleos. Bosower stiall pay all taa:w,assessments,c.hzrSes.fiaes and imposi�ons attri'b�ii'�e w the Propary
<br /> �� -;%i�!� whic�s.sl ait�n prioritY ovea thi9 Sca:scr/Ins�ment,and le,aselcold paymtafs ar gmimd re,ats.if any.Bar.:�i'ca sha11 pay these
<br /> : ,'�,�' a�lig,�ituT�in tte mannrr pmvided in�.�agraph 2,ar d uot paid in Ifs�t ma►ueer,Botrower s6uil;��the�on dme dice�t2g o��e
<br /> •.��.�. -
<br /> ;.i::•. :3��:��: person owcd paymeni Boaower slsaL' pmmptly famish w I.ai�eal aotiees of amounts D� i!w paid under this para��}ir.ff
<br /> :� Boimaer aiaYes tir.,se�r.nts d�ty.Surtowea shaU promptly fumish w I�cnder receipts evidencing the payraents. .
<br /> -_� � Bouowei shaLl prs�?n'y discharge�►y ii�which 6as prioriry over tLis�uity Insomme�►t nnle�s Bomnwer:(a)�^�in
<br /> •;.�•, �:.�'';�;,,.Y writing w the p3ymeat of,he�li�secured by tfie liea�a manr►•rr aoccg4�li�e w Lerider;{b)c�ntt�s in goad faith tir�liai
<br /> n
<br /> . . `;. '� by. or defer.ds agaia�t enfcioe�rc�t a�' ahe liea in, l�gal proa�d.snSs whicL in �he Lender's apinicm aprlare to��vestr,the r.
<br /> enfo�t of tt�,.lie�or(c)sFxauc�6.-�r�n the ho2der of th�llen�agrce�c satisfxmry tw Lendei sub�zc�inating the'��n to
<br /> •. �C this Seauitl►Insuurr'�=Pif Le�der de�arriu�es d�at an:y Part of the Proyeaty is�1ect w a rien which may alluim Q�orit3►ovea this -
<br /> � � � r Sacurity Insu�t,Lender may give Banv�vea a rres(ice idenfify�g ths ll�.Borrower shali sausfy the Ilcn c,r t31ce one ar more `-:
<br /> '� of th���ns set f�nh above within 10 days of the�vu�g of noiFre. E°
<br /> R Form 8048�J�D P_
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