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<br /> �� �� �� � rqci�wx,w�u m�. t�pe�e�ona n�►a�o�aa o��ne�ora�,.�+��a��:.�,
<br /> �,�� an6 tl�,a�►ar li.�a.tlir�.p�eti`,of'd�e prape�ty. Al��.++�I�a.aakla»ri�u+tqo e.od►�.e�j►dd�►�u+at+�► . -,
<br /> Inwa�nau. AI�ot dia fane�q ii�arrea ro in Oar seau�ry Io�aa�aeat�a�e"Prnae�ty." ,
<br /> EoRROwB�t eov8lvAM�t aac 9a�ower i�uwNUy►,ei�ea d me eqiMe baehy ooaveyed aod h•�dia rl�t 1�0�r+uu
<br /> � � �ad oanvey tbe �ad dut dd Propaty,i�uulencumbe�ed.exaept tar a�ambnr�a nf rocad. Non�4vver w�uranu�nd
<br /> � ww daf'ab��dtb a da r'ropmty aQdna vl cl�fms�ad den+rdr.subject��ny aacua�ot rooad. �
<br /> _,-�.z��._t_,���,�, '.. � '!'HIS SECIJRI'['Y MS7'ItUMBlV7' combines unifarm caYe�saats fa aadvml u++a and na�-wifor�o oov�uats w7tb
<br /> �• liwited vadatiam by jtui�diclian w oonuiwte�w�ifiNm�eaaity i�rua�au caverin�teai P�oP�7• �
<br /> UNU+URM C'OV�1AM'S. Banowa oa4d I.etider onv�uot ind�groe�s follown:
<br /> l. Pa�wa�t ot Pri�cip�l�ad Iatenr�li Pee�9aa�t�d late C�. Barower�II pompllYpay whon due d�e
<br /> �of�nd intaeat m tbe debt cvWa�ced by the Notc md anY i�'�P�l�t md I�ie dMBe4 due undar the Nate.
<br /> IhtN¢t�ar'Il��te��d i�au'a�oe. Subjoct to�ppUpWe law or w a wrivai wdver by Ladcr�Bornw�'sluU pY I�o
<br /> _ l.a�der oa tbe daY�Y WY��+Me due mder d�e IVooe.wW Ihe Note i�pa�W in PoII.a sum("P1u�d4")fa:(a)Y�Y
<br /> tues�ad u�maua which nu�y�twa piotity ova Wis Sec�i�Y Ia�a�aoR�s a lien oa�be Piopaty:(b)yearlY�
<br /> p�ymcnt�or ground t�aits ao tbe Ptope�'ty. if an�r: (c) Yearly I�uurd a"pqPaa�1Y iaat�aoe Panmiwns: (�? �10
<br /> �uraooe p�emiunw. if�ny; (o)Yauh►mat�lgo�anoe P�.�+�Dr �(�+�°Dr� P�Y�dY ,�
<br /> l.c+ndcr.in wcoaid�nce with�he provisions af pu+�gr+�ph 8.in liea ot thap�yma�t of moA�a�o���aoe Pro�-
<br /> itaas ae called"Fsc�ow Itaps." La�der auy.at any tia�e.colloct and hold F�Unds in an�moua�t oot to exceed tho aawpci�uivai►
<br /> anatuu a le�da�tar a tade�ally reWed mo�ge loon may rcquine for Banow+erl�esc.yarv aoo�wnt uader the fade�al R�1
<br /> &qte Sdtlanait Yrocod�urs�ICt of 1974 ss�mended fran dme to dme.12 U.S,C.4 2601 e�aeq.("ItE3PA'�.unles�aaod�er
<br /> -�-------..,.._�_-._� kw i!�apgties ta tlet Poee�s:�s+t.e le++��mnu�e If sa Lelrier may.�t+�nY�me.collect�d hdd Hp�ds in an amount�a1 W ,
<br />- eaoeed tbe lascr mwant. l,ender m�y �the amount of Wnda due oa Ihe bais of c�ment dua and �sa�b�o ..
<br /> - ,�- adaatta of expetuGd�es af fuq�m 6sccow item:or othervrise in�ocadance with applicaWe law.
<br /> - -••�� The Funds s1�U be 1�eld in un institutim whose deposits are insurod by a feder�l�gency. L�swmauality.ar entit�
<br /> - - (iacluding l.aider,if Laalet is such an institutian)or in any Foderwl Hane Lown B�nk. l.e�dcr shAll sipply the Punds w PaY
<br /> ` • the Esc�ow Items. Leucier au�Y not charB�Bamunar for holding aad npplying�he Fiuida.�nnwllY+w�l!►zin8 tUe esctow
<br />�- Acoo�mt,a verifying thc �scrow Items. unle.s �.c�ler peys Hornower Luerest on the F'vnds aad�pplicable law permeta
<br /> _- • ' Laxler to m�ke such�charge. However.Lender muy r�equ�re Bo�nwer to p�y a a�e-w�e charge for�+��indepa�dera ral
<br /> - .;<a� • ' eatate tax reponing servlce usod by drz+�der in coiu�ecdon wlth this b�,unless appIlcablo law providos ath�rwise. Unless an
<br /> y
<br /> — agroement is mulc or�{►1lcabk law r�uites interest to bc ps�id.l.�der atiall not be�oquirod w pay llan+oWa any interest a
<br /> .� — - wmitigs an the i�nds.8orr�wer and i.ender may agree i�wridng.tawevar.lhat interest slaill be paid aa Ihe PWnds. L.a�{er
<br /> = slWl give to Borrower,writhout chuge.an annual aaounting of tAe P�nds.slawi�g coedits and debits w tLe Ponds and the ,
<br /> — p�uposo for whiah cach debit to Ihe P�nds wa�mrde. 7be Fhnda are pledged aa additioiaail�ecu�itY for�11 runu cecwed by
<br /> -- .--- ihlc�curtty instrsuiueat�
<br />'�� '���',� If tha Fi�nds held by Lender eaceod the amounts permiqed to be held by appUcable law. Lender slwll acecwnt to
<br /> .,� ' Bamwer for the exc.ess Flinds in nccadance with the requirements of applicable law. If tha amount of the Wnds held by
<br /> La�der at any tima ic not sufticient to pay the Escrow Items when due.L.ender may so notjfy Borrowcr i�wrNng.and. in
<br /> ' . such c�se Bamwar sh�Jl paY to l.ender the amount nocessary to malce up the deficiency. Bor�ower shall make up dro
<br /> _ deBciency in no more thun twelve monthly payments,at I.ender's sok discretion. P ����to 8orrowet aaY
<br /> - ,► Upnnp�yment in fuil of all euma secured by this Security Inswment.I.ender shall romptly -
<br />_ •w�. F�nda•heW by I,ender. If.under paragraph 21,Lender shall acquire or scll the Property.L.ender.prior to tbe acquisitio�ar _
<br /> �"�' sale of the Property. shall apply eny Funds held by I.ender at�he Nme of acquieftion or sale as a credit sguiast the sanu
<br /> �� tecu�ed by this Sec�l�ity Inswment. -
<br /> ''� r•�`k � 3. AppNcaqon aP Pl�yments. Unless applicable law provides otherwlse,all peyments rcaived by I.�nder uoder
<br />_ ,�a ` p�uagraphs 1 and 2 shall be applied:fi�st.to anY prePayn�ent chergcs due under the Note:saond.to amounus p�yable under _
<br /> gA
<br /> = paragrapd 2;�hird.to interest due;fourth.to principal due;and last.to any late charges due undet the Note.
<br /> "`� � �'} � 4. C6ar�e�; l.kas. Borrower shall pay all �aues, assessments,charges. fines and imposidons anributable lo the -
<br />� _ '��=x� Prope�ty which may atuin priority over this Security Instrumenl,and leasehold payments or ground r�ents,if any. Bortowe�
<br />_ ' � slwll pay these oblfgatia�s in the manne�provided in paragraph 2,ar if not paid in lhat manncr,Bortower shall pay them on
<br /> ���'R:� ,; •: . lfine dinatly to the person owed payment. Borrower shall pramptly furnish to Lender all notices of amaunts to 6e paid under
<br /> ,��?^.':;'�,x i " thia paragraph. lf gorrower mcikes ttiese payments directly.Bomuwer shall promptly fumish to L.ender receipts evidencing
<br /> �.N ' ` �.s':t:;:..yC:= the enta.
<br />- �.��° y� ' Borrower shall promptly discharge uny lien which has prfority over�his Security Insaument unless Borrower.(a)agrees
<br /> ..:�_.:.: , . . ,
<br /> :''���•:_:.. �° � in writing to the payment of the obliga�ion secured by the lien in a manner acceptable to Lender.(b)contests in goad faith the
<br /> = '�` ' :H•�: � lieh by,or defends Agaiost rnfon�ement of the lien in,legal proceedings which in the I.ender's opinion operate to prevent the
<br /> l��'�f"��'y,,;� enforc.ement of ihe lien;or(c)secures from the holder of the lien an agreenwe�u s.�tisfactory to Lender subordinating the lien _
<br /> ;,�TN ,.•:,y;�,�=,,N t o t h i s S e c u r i t y I n s t r i m�e n t. I P L e n d e r d e t e r m i n e s I h a t a n y p a A o f t t i e P r o p e v t y i s s u b j e c t t o a l i e n which ma y wtain priori ry
<br /> _ '�;,.�:�t��y��, over this S�ecudty Mstrument.Lender may give Horrower a notice identifying the lien. Bottower shall salisfy tt�e licn w lake
<br /> - �''�+��� one or rt+oce of the actions set fodh above within 10 days of the giving of notice.
<br />>;.•. ;;�'"�':��•:'1?'r�':'
<br /> _ �fi� ,_..,���, �, S. W�rd ar 1'roperty Insuronce. Borrower shaU keep the improvements now exis�ing or hereafter erected on the
<br /> x • . � Property insurec0 Agaiast loss by fire,hazands included wi�hin the tertn"extencded coverage"artd any other hazards,including
<br />� - floods or floodjng, ffor�vhich Lender requirca in�urence. 71iia inauranoe shall be maintained in die aawuntc and for the
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