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<br /> 7�0(3Et'HER V1aiTH di fI10 Ilnpf�OVOd�aM�tWW Of I�aROt lrexxeld 4�p�t�tlp�l�nPertY��d�II�i��F;�.�'�'..'��arl.
<br /> Dxtura now or herafter +� put of �he PmpenY. All repl�aea�cK/:�•�tiA� �all da b cov�r�d by tM�t S�cwiq►
<br /> L�W+ument.All of the tonYoin�b rdemed to in thb 5ecuriry Lwuum4l�i,+�t�UK;."A��Aaty"
<br /> BORROWIBlt COVANANTS thN Bomuwer(�b�Nlly�eirod.M.dM�q�Y oomeyad�ad hia lhe�I�ht te�mM iwl
<br /> oonvey the Ih+uputy ord tlMt tbe Pmpdty It une�:umbered. exoept,iM,�oaCµ111tinu�cea of rocord. Bortower w+uranu asd wiU
<br /> defand Qeneally tho title to the Prupeaty�xin�t+dl claimr a�d demandc.ruqja�t•tu any aicumbmwe+of record.
<br /> THIS SECURITY INS'[RUMENT combi�s uniform cove�wnt�far,nKia�ipte +nd non-uniform oovauuit�with limitad
<br /> varWiau by juri�diction to oon�titute a uniform socu�ity ln�tn�q�ent aov�rin�n�i�pmpetty.
<br /> -_ UNIPCIRM COV�NANTS.S•+mnwer a�d[.ender caverw�r�t wnd�y��roe aR fd{llnvs:
<br /> l. Rymeet ot Prineipd�nd Iatere�ti �P�i'������•�Bormwer aFWI Pro�Y P�Y wha� due We
<br /> princi�v!of Arid lnterest on the debt evidencad by the Nota a�d�ny pcap4yntpiq.�tM.lnte charges due under the Note.
<br /> 2. Fuads tor Tiuca�ad Ioeurance. Subjoct to app�ia�l+la!�w or ta p.wrlttcA w�lver by Lencle�, Bomawe�siudl py w
<br /> Lender on the day monthly payments arc duc under tho kata.until tha Nota Is,p�id in full.a sum("Funda')far:(y yoirly iaxa
<br /> _s_. �nd acw�asments whi!�h rr�y rltAin�rbrity over thla Security Instn�ma�t�x A lien an 1he PrqxRy:(b)yoatly leasdwtd�►ya�tut ,
<br /> or ground rcnts on the Fkoperty.iP yny:{c)yearly Iwzerd or.pmpe�ty inwrano�p�sa►iums: (d)Yes�rly Elood insuranoe pnemlu�ru,
<br /> if any:(e)Yearly mortgage inwrartce prcmiwng. if any�tutd(1}any sums ppy�ubla by Borrower to I.endar.in aooatdanoe with
<br /> the provisfons of paragraph 8,in lieu of the payment�af�mangage insut�noe prp,miums.These itoms ane callod'Escnuw Items.'
<br /> l.ender may, at any time,colloct and hald Funds in nn smount,nat tc►�cceed�ti�a maaimum amaant� Iender far o fadarally
<br /> reletad modgage loan may require for Barcowcr's escmw socount under ihp f�rlernl Real Estate SettWmant Pr�xadurcs Act oP
<br /> 1974 as�ded from time to dme. 12 4.S.C. Section 2bQ1 rt ac{Q.('RS9PA").unless another law thut applies to the Wnds
<br /> — sets a lesser amount. If so, l,eber mxy,at any dme.caUoct w►d hald Funds in an amount nat to eaceed the lesser wr�►uht.
<br /> �°� - - Lcnder may esUmate ti�e�nwunt of Funds due an the basis af wrreut,data�nd re.�uonabla estinwtcs of axpcnditu�s af t�turo
<br /> '��� Ecerow ltems or otherwix i�aaordance with applicabla law.
<br /> --- The Funds shall 6e held in an institu�ion whosa de�asi�c aie insured by a federa! agency, instrumentality,or rntity
<br /> (inciuding Ixnder.if Lender is such an institution)or ln�ny Federn4 lGume l.oan Bw�k.Lender shall apply the Funds to pay tha
<br />';�o: Bscrow Items. Lender may not charge Barrower for halding and ap�3y.ing the Funds,amually analyzing the escrow account, or
<br /> verifying the Escrow Items, unless Lender pays Borrower jnterest on t�e Funds and applicaWe law permits Lender to make such
<br /> a charge. However,Lender may require Borrower ta pay u one�time chargo for an independent real estate tex reporting servia
<br />_- usod by Lender in connection with this loan, unl�ss applica�bl� law pmvides othenvise. Unless an agreement is made or
<br />��•a epplicable law requires interest to be paid, l.ender shxll not be requirad ta pay Borrower any interest or earninga on Ihe Fends.
<br /> Borrower and Lender may agree in writing, hawGVer,ths�t intarest shal) be paid on the Funds. L.ender shall give to Borrower.
<br />-_ without charge.an annual accounting oCthe Funds�, shaw)ng crcditc a�d doblts to the Funds and the purpose far whici�each
<br /> '-:s -_-f.� - — debit ta ilic Fuads u�as macl:..7'ha�utxls at�c pfad$x.'«s addltiot�!::ecssrisy tar.s!!:a:;�s sec�red by tl�s Sx�+r's!y Ins�r.sment.
<br /> , : ��;�'' If the Funds held by l.ender exceed the umounts permillad ta be held by Applicable law, Lender shall account to Borrower
<br /> •d. .�� for the exc�s Funds in accordun��e witb the reyuiron�nt�of appllcabla law. If the amount of the Funds held by L.ender at any _.-
<br /> _ �F,;;; time is nc+t sufficient ta pay the Escrow I�ems when due.Lender mny so natify Borrower in writing,and,ln such case Borrower
<br />.• �. ahall pay to Lender the amount ne.cessary to make up the de�iciency. 8ormwcr shall malce up tha deficiency in no more thoa
<br />_ ""}" �._��';+ .� twelve momhly payments,at I.ender's wle discrQ�ian. N
<br /> ��.� '��`�r Upon payment in full of ull sums securod by this Security Instrument,.l.ender shall promptly mfund to Borrower any
<br /> .�''• . '.
<br />�� '�'�'��'�'��:�'= Funds held by L.emier. If,under puragrAph 21.L.cnder�shull acquirQ or Rc11 tht+Propeny,L.ender,prior to tha acquisition ar sala
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<br /> s��, of the Property,shali apply nny Funds held by Lender at th�tim�of ac�yuibitinn or sale as a credit aguinst tha sums secund by
<br />_ ' .� •�-.-.,:.;, this Security[nstrument. °
<br /> �' 'v;r:• '' 3.A ication of Pa ments. Unless u licable law� ravidc�othrrvvisc.all� a menis received b Lender under nra r� hs =
<br /> pP� y PP P p Y Y P 8 p �„
<br />_ ::,�r�:�;•.�, �.�.�.�: I and 2 shall be appli�d:first, ro any prepuynxnt charge.dua under thr Nnta+;secon�l.�o emounts payable under parugraph 2; ¢
<br /> � ��''���' ''�� '"' third.to interest due;fourth,to rinci ,�I due;and last,u�un late char ew due under the N�ite. -
<br />, ,. . .,,�.,..r.;;y , P P' )' B :-
<br /> ���- 4.Charges; Liens.Borrower shall puy all trxu.r•,a��w,�rnrrur�,chxr�oY, fines und impositions altributuble to the Property '
<br /> a
<br /> ��+-��� ��'�r'•Y��� which muy anain priority over thic Security Instrumem. ar►� 1ca.ehnld pRyments or gmund rents, if any. Borrower shnll pay --
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<br /> �";�;r;;;;_: •�� � these obligntions in the munner pmvided in purugruph�2.ur if nM paid in�tliAt munner, Borrowcr shall pny them on time dircctly -_
<br /> ' to the persc►n owed p:►yn�ent. &�nower,hall prnmptl��furni�h to l.encter all m�tiecs of um�iunts to be paid under Ihis parugmph. �_
<br /> "'•j°�""° �• , If Borrower makes these paymentti directly. Bi�rraatr shall pmmpU��furni•h to Le�xler rcccipts eviJencing the puyment�:. _-
<br /> �. ' � Borrawer shull prompNy dischurgc any licn whiah�h�.,prinrity ovwr Niia Securily Instrurnent unlesti Bnrcower. la►ugrees in -
<br /> `�'"�'�''` �'" � "' writing to the payment of the ohlivation McurrJ b��th�t lien in y nuj�nta u�.teptahlc i��Lcndrr: 1b)a►ntestn in goad faith the licn
<br /> _ _ '�. ;.-.;..,,...; by, or defends ogainst enforcemcnt of�he licn in, Icg�l�prncv�niih$r��•hirfi in the Lcnder'. ��piniun operute to prevent the 6..
<br /> • ��.,• •. enforcement of�hc licn: nr(c1 securc� fram �hc h��lder nl'�Ui�lien��n�agr��:ment.ati+factory ta l.cnJcr wt+ardinuting thc lien �o
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<br /> ;�: ;�•,;: �� � thi�Security Instrument. If l.cndcr Jetermineti U�at un�•pan ��t'�tlk� Pa►peny i,,uhjeri w a li�n whirh may uttain prwriry uver __
<br /> •;�� Ihis Security Instrument, Lcndcr may givr Burcawer u n��uc� identit'yin�thr lirn. &►rr��wer,hull .ati,ty the lien or wke cme ar =
<br /> �` � '' � � more of the actions set fonh above within IU Jay.ni tha gi�•ing ot notice.
<br /> -' Fam 30Z8 9/80
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