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<br /> • ' rnae7'E�ie wcl'Ft dl�ho i�nprovar�aw aow or t�cncarmr aeaoa o�n th�e aopacy�ana.0 auemenu��purtaaaaoa�,�aa
<br /> ��. ,. ,y:;.;,;�,a. tinap�et aow ar baedkr�part ot�ho propaty.All replacemeols md addidans�bul!al�o be wve�ed by�hii Sacudty taprumea�.
<br /> ,i".�::.�. : :;�� A!!of tlie foreQoin�i�refeRed w in Ihb Socurity In:wment as Ihe"Prnpersy."
<br /> °,�� � 4•.. �'`. BORROWBR COVBNAM'S Uut Borrowa is iawfully seised of the ex�te hereby convoyed�ad h�s Iho ri�ht w Qnnt�nd
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<br /> ���- � :�_,`�,.' cauvay ihc Prag�ty aad lhat the Peopaty !s unaicumbered.�actpt tor cncumbrence�of record. Ba:rorves�sts ased ar8!!
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<br /> :1r.... '��. .° .....� de1'ead ga�erally Ibe titb 10 Iha Propaty�inst all claims and de�w�ds�wbjoct w ony encumbranoa of rocard.
<br /> �'.,,.�r.:� - THIS SF.CI)R11Y WSTRIJNII�.M'canbines uniform coveiwnt� fa nMlond usa and aon•wtlfana wvenmu wUb Waioed
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<br /> .Fx:• vari�tlons by J�uidicdon w c�nstiwte a unifonn socurity instrument covain�rr.al popeny.
<br /> �: . UNI[apRM DOVENAM'S.Bomawu And Lcndcr cove�ant and agroe as toUowa: .,:,
<br /> � � � �� l.Paymeat of Princippl�nd Iotered=Pirepnymeat�ed laite Clw�a, Borrowu shall promptlY WY � � �
<br /> , :�.r'�: � princiJf�l of end intomst on Iha dabt evidenced by Iha Note and enY P�Ymcnt and lata charges due unda 1da Nota
<br /> �.Fl�ads tor Taxa sad Iawraaoe. Subjact w applicabla law or to� wdua� ws►ivu by Ler.da. Bomowa�U poiy W
<br /> .. .. . T.ender on the day monthlY PeYmanlc aro Auo under tho Nate,undl lhe Noto is peid in full�a sum("Fuads7 for(a)Yarly mces
<br /> and a�s,wnent�whkh may atlain pdoriry ova Wis Security Inswment as�lien on�he Property:(b)Yearly leaseltold paymaNs
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<br /> -. �.,.. ' •. , . , ,,.,•.,,;., •F or grour�d t�enta an tho Prnpvty.if any�(c)Yearly hazerd or property insurance pruniume:(�Yp►IY flood Lisura�e Prc�nfuo��if
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<br /> �,»' :;� n .r�� �nyt(a)Yaarly morlgage insurance praniuma�if any:and(�any sums payobk by Bonowet to I.ea�da.in aocoid��ce wltd the
<br /> ' r.a� „7 ... � � :,�� pmvWons of pa�oph 8� in lieu of�ha payment of mortgege insurance pre+niuma 71�ese itema aro called "Escnow Itans.`
<br /> :���' �?� ,�. ' �;�� '�,t�: � I.�e n d e r m�y.n t a n y t L n o.c o l l e c t a n d h o W F u n d s i n e n a m o u n t n a t o e x a e d ihe maximum emount o laular for n f e d e r A ll y related
<br /> F�- . �:-;'Su�� e ban moy rcquiro for Barrower's escrow account under iiws fedeal Real F.s�ate Settlement Procedwres Act of 1974 a4
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<br /> • » ..� ;�..�;s:,`,?f,:. arna�ded from time w dme.12 U.S.C.Section 2601 et seq. ("RESPA")�unlcss another I�w Uuu tipplies to Iba Funds seu s lessu
<br /> d�"�:�"•�'�iift�;�''�`'''��. �nount lf so. L�ender may. at any tUne.collect and hold Funds in an amounl not 10 exceod Ihe Ics9er amoun�La�der nwy
<br /> '�``''t��•:,., �S:S," ` asdnwta Ihe amount of Funds due an Iho bacis of cunent data and reasonabk estimates of eacpenditunes of fuwre Escmw Itan�or �.
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<br /> ..�.,fi,r.y:�� ' �in sccordence wiU�applicable law. `^'
<br /> , .�.:;.,: Tho Funds s1w116a haW in an i�stiwtion whase deposils are insured by�federal agency.iasuumenmli�y,or endty(including
<br /> I� . �'����'����"�•: I.ender.if L�rnckt is such an institutian)or in any Federal Homo Loan Bank. Lender shall apply iha Funds W pay ttie Escraw
<br /> -. ��;;:��T Ite�ns.l..ender may aot chargc Borrawer for hofding and upplying the Funds,annually analyzing the�cmw aocxwnt,or verifying
<br /> �... ' the Escnow lteme.unkss Lender pays Horrowcr interest on�he Funds ond applicabl8 law permits I.ender w make such a checga
<br /> :,:?`:;? =. � � However,Lcndu may requirc Bomower w puy a ane•t�me chargc ior nn ipdepandenl real eslate wx�g servkx used by
<br /> ..�•< �:+�:r; _• ; � L.ender tn cannecdon wi�h U�is loan,unless applicabia L�w provides oU�erwise.Unlass an agroement i�mada or applicabk law
<br /> ,,:;/ ;`,;�,,��. '.�;, ' • rcquires interest lo bc paid�Lcnde.�shail not be re�quircd w pay Bom�wer eny inter�st or eamings on 1he Funds.Bormwer and
<br /> _" ;'"f7�,-- L.ea�der may agree in wridng�however�Uwt intc,rest shall be paid on the Funds.Lende�shaii give W Borrowu.wiihoui ciwrgo.�n�
<br /> � •;' �_`::' annual eccounting of ihe Funds.showing credi�s and dobits w the Runds and tho purpose for which each debit to tl�sa Fund�was
<br /> �,';;;"1. ° made.7Ue Funds ara pledgal ac addWonal security Por all sums secured by Uds Securiry Inswmen�
<br /> "-``���fi' ,�' �,�:;�.r��.�'•,.;: If ltie Funds held by Lender oxcecd�ho amoun�s permitted to bo held bY apPlicable law.i.ender shaU acoounc a Borrowa fo�
<br /> { • ` � '•':'Y";�'f'` �he eucess Funds in accordance with�ha r uiramonta af a licuble law.If iAa amount of U�e Fu�dv hald b L,ender ot an time iv
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<br /> ; , ;;;::;, not sufficient to pay�he Escrow Items when due.Lender may so nopfy Borrower in writing.and.in such case Bormwer shall pay s
<br /> ° ' w Lender the amount necessary W make up �hcs daficiency. Borrower shall meke up tha daficiency in no moro tt�an tcv�lv4
<br /> � : ^ monlhly paymentc,at Lendcr's solc discrction.
<br /> Upon paymant in full uf ell sums sccurcd by this Sixurity Inswment,Lcndar shall prompUy refund to Borrowcr any Funds
<br /> 4, . �� hcid by Lender.!f,under paragreph 21.[.ender shall acqu'uc or scll thc Propc3ny,L.ender,prior w Ihe acquisidon or salc of tlie ;,
<br /> .,��' •; Property,shull appiy any Funds hcld by Lendcr at 1he time of acquisition or sale a4 a credit against 1he sums secured by this •.
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<br /> 3.Applicatioa of Payments. Unless applicablu lu�v provides otherwise,All pnymants received by L,endor under paragraphs
<br /> f' ' �• l and 2 shall be applied: Grs4�eny prepaymcnt churges duc under Uie Notc;second,w amoun�s payable under para,g�ph 2; ' (',�,
<br /> i - th�d.to interest due;fowlh,w principnl due;and lus�w any Inte chsuges d ue undcr Ihe Note. �
<br /> ' . r,:,,;. � 4.CharQes;Lieas. Burrowcr shall pay all iaxes.assessmcn�s. charges, tines and impositions aqributeble to thc I'rapcxty
<br /> which may apain priority ovcr this Securily Inswmcnl,and Icaschold payments ar�raund renls.if any.Bomowcr shaU pay Ihese �
<br /> � obGgadons in 1he manner provided in parngraph 2,or if not paid in that manner,Borrowcr shnll pay them on time dirocdy W the !
<br /> � �nn nwed�ymenG Borcowcr shall pmmpUy furnixh u�Lcndcr all nooces af amoun�s m bo paid under this�aragraph. li !
<br /> , Bortowa makes lhase paymenls direcUy,Borrower shs�ll pmmpUy fumish to Lender receipts evidencing the payments. �
<br /> , Bonower shell prompUy dischnrge any lien which hus priority over this Security Inswment unless Bormwer.(a)agrces in
<br /> wridng w 1ho payment of the obligAtion secured by�hc licn in a manner accepable to Lender;(b)contests in good faith the lien �
<br /> � �����t. f by,or dofends agtunst enforcement af 1hc lien in, Iegul pre�ceedings which in the Lender's opinion opeiate w prevent Ihe �
<br /> ' `;�` • enforcement of�he lien:or(c)secures Uum thc holder of U�e lien an agrcanent sutisfoctory w Lende�subordinating the lien w ;
<br /> � ' � .,.;,,. this Security Inswmcn�If Lcndcr detcrmina�Ihat any p�vt of U�c Property i�subjcct U�a licn which may attain priority over Ihis
<br /> :'s�I,.� � •, S • Security Insuumen�I.ender may give B��rn►wcr a noticc idcntifying thc t icn. Borrowcr shall satisfy thc iien or lake ane or more .
<br /> of�he gcdons set forlh above within 10 days of thc giving of nodec.
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