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<br /> 7�7� aIITH�II the ilOpD0Vem011�1 oOM�pr hBf��1101'�IrCld CR t60�Op1lly,Npd vl�,��
<br /> Ad�w'aow �ha�eaitK a p�et of�be pnopwty. Afl � wd tldltioa� �p �Mo b oov�nd b�r tiYL irwi�r .
<br /> I�ewaNrt.�All of tbe fix�oiu�h n6Kti+ed�o ia�8rauiey 1a�pwpMM�r tbe"P�apetty." . , ,� .
<br /> .so�ow$te covsW�n�s a�e��a��r,d,e�ar�no aa.�e he�►r o��a.aa�m.�b�c.� . ,
<br /> ba+vey the l�mpert��na ci�t we Property i�w�aiambe�eu�e�oept ror a�curnbr�noa ot r000ra. Hor�w�taol..na Mrla
<br /> ddea�d Yenra�Uy thc title w the Pnu�krly�Int�11 cWna and d�nd�.�ubJx1 to aay p�wrt�branxa of mco�d. .
<br /> THI9 SBGURlTY 1NSTRUMBNT oombine�uoifam aova�w for uMlorMi we aad ooa�ua�fona oovdrN�►wYh I��i11if��
<br /> _ __ v�ri�tianR bY Jw�i�dktian to oonuiwte�uniform�ecurity itW�ua�ont ooverin�r+a!propotty.
<br /> UN[FORM{:OVENANT3.Borrower and LarJer oavenuu ad�anee as foltows:
<br /> 1. Pry�aert of pMrdpl ard LNawti �'ep�yaieat�ad I.ste Cbary�a. Horrower�hall prompl�y Ip�Y wlKa dua the
<br /> principd of w�d interc,�t 4n tht deM evidenoed by tha Nato md anY P�MY�and luo clurQe�due undcr tho Ndte. .
<br /> Z.�ad�tor T�uca and inwranoe.SubJect to applic�ble 4w or to�writtcn waiver by i.oadar.Borrow�er slull py w
<br /> - I.endar an tho d�y monthly p�ymcnte aie due w�der the Nou,u�dl the Note i�prid in iLll.�cum('Fund�')fa�:(�)Yariy.�
<br /> ad wessmente which m�y atteln prlodry ovcr thi�Socurity Incdame�tt iu e lien on the Propetry:(b)Yarly la�sd�ald p�ymaua
<br /> ar grouod raats aa�he Pmperty.if any;(c)Yeul y h�eo�d or pteperty ituu�r�oe p�miunu:(d)Yuul y flood iawr�noe pranium�,
<br /> if�oY:(o)7�Y�B�B�insuau�vo premiuma. if anyt and(�mY�PaYeblc by Hornnwcr w Lu�der.in s000r�da�oa witb
<br /> tho prorisia�s of pon�gr�ph 8.in Iku c�E eGe peyment af mortgwge�nsursnoe pRaniumx.7liese itwn�aro callod"Escrow ltame."
<br /> l.ader ma�y.at airy tia�. oollect anf MW Funds in an amaunt�wt w exoeed tho mauimum amount�►le�der for �fedaally
<br /> related aKwtgage loan any �+oqui�for Borrower's escrow axourtt uMer the Federal Reaf�.+�tc Settleme�Proceduca Act oi
<br /> �974 at ametidod fran time W time. 12 U.S.C.Sectioo 26Q1 d seq. ('RESPA').udrss anol�r 1aw t�t�pliFs ta Ihe Fwd�
<br /> _�_...T.� �a le�.ccr amount. If sa, Lender rrwy,at Any Gme,calloct and hold Funds in an amou�not to eacc�31+�he lesser�ouM.
<br /> L,ender mag eatimste the amount of Funds due on the 6asis of curnent dwta aid�asombla�of expepdiwres ot t�tn'a .' •
<br /> .�, 6�Craw Ite.�w��tx Wherwise in aorn�danx with applicabk I�w. . ' , y
<br /> ;L�_ �: '[be F�»ds shall 6e held in an institution whose deposits are insured by a fedcral agu+cy. incwmenwlity. or cntity , . ,
<br /> . lancY�d'm�Lender.if Lender is such an iostitution)or in Any Fodeml Home I.o�n Bank.Lender sfyll apply the Furd�W pay the �.
<br /> r���-�'� ��+w Items.Lender may not chuge Borrowe�for holding and s�pplying�he Funds,annuall �wl m the escrow axount.or
<br />,^a�:�s",��%ti Y Y� 8 �
<br /> ���r !vedfying Zhe Escrow Items.unlesa l.ender pays Borrower interest on the Funds at�d applicable law permits Lender to mWce wch
<br />.��;,; p charge. l�owever.L.eMer may rcquire Borrower to pay a one-time chuge for an independent rea!estate tax rcporting service
<br /> ,'� usod b L.ender in ronnactian wfth this loan, unless
<br /> _ y applicable law provides otherwise. ilnless an agroement is mmie or
<br /> - �appficable 1aw�requires interest to be paid,Lender shall not he required to pay Borrower any intercst or earnings on the Funds.
<br /> _ — Bo�tt+ower and Lender may agrce in writing. however, that interest shall be paid on the Funds. [.ender ahall give to Borrower.
<br /> __ _ _ ' without cha�'ge,an annual aocounting of the Funds. slawing cre�its and debits to the Funds and the purp►.ae far which each
<br />-°" ir� debit to ihe Funds was inede.The Funds ute pledged as addidon�l secudry for ell sums secured by�his Security Instnunent. '
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<br />`�:'�' '�����j.`•�'��, If the Funds held by L.ender ezceed the amounts permittod ta be held by epplicablc Iaw.I.ender shall acrount to Borc+oa��cr -
<br /> �'° �a "�'�'' for the excess Funds in accordanc�e wlth the requiremenis of applicable law. If the amount of Ihe Funds held by Lender at an�r �
<br />�:.1�� �;.�, time la not sufficien�to puy the Escrow Items when due,I.erdcr may so notify B�rrower in writing,and,in such case Borrower �
<br />__ %!�':�`� shal] to Lender t9�e amount neces �
<br /> - �.r,,.,� . �:� pay sa�y to muke up the deticiency. Borrower shall m�ke up the deficiency in no mora thau
<br /> '�'�' ,: ,:•, {we lve monihiy paymentc,at Lendcr's sole discretion.
<br /> •.� �� Upon payment in full of ull sums secured by this Security Instrument, I.ender shull promptly refund to Borrower any
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<br /> . *, � 1: ��',� Funds held by Lender. lf,under paragraph 21,l.ender shull acquire or sell the Property, [.ender, prior to the acquisition or sale
<br /> of the Property,shall apply any Funds held by Lender at the time of acquisition ar sale ns a credit against the sums socured by
<br /> ' this Security lnstrument.
<br /> � � 3.Applleation of 1'ayments.Unless upplicable law provides otherwise,ull payments received by I.ender under paragraphs
<br /> , r�f.''.� 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second, t��omounts payable under paragrnph 2; -
<br /> �` �w��•:�•�' � �hird,to interest due;founh,to principal due;ond last, to Any lute churges due under the Note.
<br /> " ;� 4.Cha es Llet�s. Hormwer shall ay all t�xes, ussessmems,chur c+ fincs unJ im sitions ultributablc to the Pro n
<br />' ;1,.; �^'•;�?-� ' � i P. E �• P� Pe Y
<br /> � i',•;T� ''�`�;.�t,�1;.,,:' � which may uttnin priority over this Scrurity Instrument,and leuschold payment� �ir qround rentF, if any. Bonawer shu11 pay
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<br /> �°'�C�!�.•i:���•,�.:.,• these obligatians in the munner proviJed in pun+grnph 2,or if nol puid in that manner,Borrnwer shpll pay them on time direcdy
<br /> '''� �� � to the person owed puymem. Borrower shall promptly fumish to Lcnder ull notire.of amuunt,w be pvid under this paragraph.
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<br />_ �.�:, If Borrower makes these puyments directly,Bonower slwll prompU} furnish to I.ender receipt,evidencin@ the puyment..
<br /> - - ;'• ,� G Borrower shatl promptly dizchurge uny lien which has priorit,y over thi.r Security lnstniment unless Borrower:(a)agrees in =
<br /> •�'��"�� � writing to the payment of the obligution necured by the lien in u manner ucceptuble to L.ender;1b►�bntests fn�ncxl faith Ihe lien
<br /> .� • . ;;,,;,,"; by, or defends aguinst enfi�rcement nf the lien in. Icgul pracedings which in �he Lcndcr'� opinion operate to preveot the
<br />.: " ��'��� ���{`�!;� enforeement of the lien:or 1c)secure+from the holJer of the lien un ugmement tiatisfuctory to I.ender subordinating the lien to
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<br />'� ,r. ; �� ,�„�;:,;��)!. this Securit}•Inslrun�ent. If Lender determines�hut ony puN ol'thr Pmperty i+ .uhjcrt a�,i lirn whirh may uttain prioriry uver =
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<br /> .�, , this Security]nstrunxnt, Lendcr may give B�irrowcr a nntirc iJentiYyin�thc licn. Harrower+hall xa�i�fy tlx lien or take one or
<br /> '��ti;�';"�: " more of the actions set fonh abave within IQ day�ni the giving ot'nu�irc. —
<br /> .,"' ';i���•�k� Form 3018 8/80 -
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