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<br />-�`�"� �. � � fiO��Rf1ER�'VFi`Fi ell d�i�sigso+rem�ents aow Qr he�Rer erect�!vn the prupeny,nssd all e.�r�ents:gpgn�iter,�ncas.md � —
<br />-- - - - ,��teurea,naw or hemafter a part a€,the pioperty. AU re�rlacements and aQd.i�aas st+alt �1so #�e cavered by.thls��erft�
<br />__ - _ . InsMlittant.Ail of the t'or�goiag is referre�ta in thLs Seairiry Ia�truiiieiu�the°Praperty." :, , < , • .� ,
<br />-° �` . , SQRRGW�R,CQV�NAId7'S tMat Borrawer islaw�ully sQised af tft$.essaie he�by canveyed and h��he eght to�rant�pd
<br /> -- -����i : convey die Pcoyetty estd th:�t�e:Araperty is ein�rabei�cl;eaoeRt�'or encumbraaaes of�ecord. �ozrawer wase�+nts and;�vit� � � .
<br />_- ------- ' defend g�ily tae�t�de to tEte�cOpertY i�ainst afl ctaStas an�¢emands�subiect to aary�encumbraaces of reoaad. � . • .� � .
<br />_ ` . 'r}dIS.�EC�Y7'Y IIVS'E'RUMF.AIT combines unKorm�.wvcnants far�atIonaf use and rwn-uaiforin wveaants�vit�liii�t,al
<br /> � •;:�.�.��- •' variatlans[sy Jur[sdictioa to canstatute a anIform ss*curity ic�strurrtent caverin�ral pr+operty. ,
<br /> _.__ .�'�-�'��_,�.: [I�i11FOR[�d�VF.�IANT'S.Sorraurer aaaf I�der oovenant iutd agoee as foflo�3!sz
<br /> �: d F° =r�<,� i. �ym�ut ag Pttad�l and In4e�ti,P�AYtQent ea��atte�y�ar��..Bat�'�eF sAalt prom.�by paY:whca due.tt�e . _ - � �_ -
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<br /> ¢ '�'�f; � � printipal of and intcaess on the debt evi�daaae�by�t�o Note and unY P�Faymeflt�end��sltc,ci�ur�es d�se c.:,dpr the Nc�e. �
<br />_ -�"���'��`: �. 2:P�suds Por'�axcs ead Ias�uracc;5ubjact to applicable law or to a�ti�ittert wai�rr.t�Le�dr;r..�o�w4r.shai��P,�Y,ta, . .
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<br /> ��� tr.�der on ths day�nonttdy�ay�rtents ar�Qua tmdcr thc Note.until ehe Note is paid in futl.a svm(°Funids')for,(a}yeArfy.t�
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<br />_ atid n���•,,Pnts�vhich may uitain prinrity qver this Secmrity in�rument as o{ien on the Prageity:(6)Yeariy tea�a2caid pay�stus.
<br />, `�," aa� �nd rents an tho
<br /> : �- �� ;. B� �F�7I,if any:(cl yeariy.hn�ud or pru�erty iasuranoe precrtiwnv:(+�Yearty ficwd i�uranoe pTesjItu�s:• —
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<br /> s�t�� �;�'�;;� if sn . e earl am�' e:iitsnrance reiniums�.i6 any��and(�an�svmc paya6Se by�BonuwRr to t�ender in zoaor+dance witi� .
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<br /> < ,.. �. s, , tite pmvisioas of parngriph'�.in�ieo of the paymionx�nt nturtga�e ia.suranoe pcemiums.These ite�ss�re calted'Fssrow Items.'
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<br />_-- �'+_:'�;.�i';:-..;.i ; j l�ender cnay. at any time.oollect and hotd F�s in an amonttt not to e�ceed the muimum a�ount.a tender for a federaliy -
<br /> -_ -._��:.�1;�.'`._,�.:,,: , related�rtart e la3n m�►� • � -- — -
<br /> �..,,�.��.•�,� .� = gaS }neqaire for 8ctro�:er's esson�r sorneust undes thx federa!Rea!F.stat�SecsIement Pra�edu�s Aes af
<br /> 'r�;;=1�� �`+ 1974 as amPndod from time to time„12 U.S.C.Section 2601 et seq.('RFSPA�).ut�e.sc anothet taw that appli�.s co the Funds
<br /> ���r �'' t;5�� �, sets a Iesse�amaunt. If so. Lcnder may. at any time,collect and hold Fwids in an amount cmt to exoeed tt�a tesser amnunt. � _--
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<br /> ;�,'.Y�. `,��, LeQdcr may e�timate ihe 3mount of Funds due on the basis of rimient data�d�easonabie estimaies uf expendimres of firtvr� ��.�;-,_
<br /> ,�°;��' Escrow Hr�ms or othenvise in aoonrdanoe with applica6le taw. , • • __ -
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<br /> . �.- '`'"'�`. • ThES_Eunds_.s6a11_�e�eid��.an.institutidn.whos� osits are inwre�_ ..a..federal_ag instrtuaeatafi �r_snii .__ ��
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<br /> (inctudin�iender.if Le�der is such an insGtutioa)or in any Federal Home Loan Bank.Lender shall aQply the Fuads to paY the _,�,�__-. _—
<br />- ';,;:,:'�;:.-- .�� ��;.-t� Escrow Itertts.Lendet may n�t charg�Borrotver for holding and apptying the FunQs,annually anaiyting the escrow a000unt,or =��;��:_---
<br /> �"�� � t`�"4���!< . verifying the Escrow Items,unless Leader pays Borrower inte�est on the Funds and applicabie taw permiu Lea�der to make sueh ���=Y-
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<br />_ �:`.�.,,i.:.:..;{.:;;-:.__ � a chaige.Ha�ever,Lender may cequim Bomnwer w pay a ane-tim�chazge for an indepeQdent real estate taz reporting sesvioe --- -
<br /> ` � '' �ised by Leitder in aoimec[ion with ihis Ioan. uniess applicafife [aw provides otheiwise. Unless an ag�emenZ is inade or � -
<br /> � � ` . r'�� `'� applira6le la�v requires interest to be paid.Lender sha11 not 6e required ta pay Bomower any interest or eamings on the Funds. � � �i r�q
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<br /> •• �y�:ti:';�r: Borrower and l,ender may agrce in writing,however,that interest shall be paid on the Funds.i�ertder st�all give ta Borrower, � � '{'`-�`'--'' _
<br />- •°,'qj���H;?';�';', aithout charge,an annual acoaunting of the Fu�s, showi�g credits and de6iu to the Funds and the pnrpose for which eacti � - .�'�
<br /> �:`:%�°;}�''�': :j debit to the Funds�vas made. The Funds are pledged as additianal security for all sums secured 6y this Security instiument. � ^='?�`^ -
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<br /> . . _ I6�1te Punds hcld by Lender eac.eed the amounts pemrit�¢0 6e hetd by appficable law.Lender shall a000unt Lv�wtrower :.
<br /> . - €or the eacess Funds io acoordance with the requirerrtentx af applicable law. If the amount of the Funds�i�y.i�erud¢r ai any
<br /> ��. • time is noc suE�icieni to pay the Escro�v Items wh,.en dato,Lender may so natify Borro�rer ia�vri6ng,and,im s�icB case Bosrower : ` , ;.x -
<br /> shall pay,ta tender the amount necessary ta m�e u�a;t�dafrsiency. Borrower shall make up the defcci:acy.3�nu more than ' --
<br /> . . "��``�.��°.:::•i;,% tweive muntltly paymenu.a[fi.ender's sole disrmti�nn. � ' , ,`� �. '
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<br /> ,I,••:,';�,�;��,;. Uppn�pAymeat in full of all sums setu�rd by.�thiK Securiry Instrument. Lender shal! prompUy refund to 8vmnwer any • ,
<br /> ;;;;i�'��:;'>'�.;• • Fuads held by Lender.If,under paragraph 21,l.ender shn(1 acquire or sell thc Prope�ty.L,ender,prior to the acqaisition or�ale ,
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<br /> - ` "r�"j'.�-"�'• of the Praperty,shafl appiy any Fands hetd by Leader at the tima nf acquisit�n:ar sale as a credit aga6crst�[ie sam.g secured by �`��;
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<br /> "{" ''••:'���:'�" lhis 5a;urity Instrutrrent. ' " .*,� I.
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<br /> ,f;�,..� .';�%�lt;�f�:;,;;;: 3,.Agpticat�on o!Paymcnts.Unless applicable law provides othernise.alfi paymenu received by Ixc.dcr uader paragrapl�s . �� : __
<br /> ' ' �`'ti`�'��! • 1 and 2 shull 6e applied:first,ta any prepayment charges due e�rtder.tl:c Nate: se�and,to arnountc�yable urtder paragrapb 2: � ''� -
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<br /> ;..;` �' •;; . thi�d,¢o iutenest due:fourth,to principai due:and la�t,to any Sate charges due under t�e Note. .. ._:�r��°`�,
<br />-;� �;�,,:; . : ,;:> �..;: � 4.Charges;Lueav.Borro�ver shall pay all ta�ces,as.sessments,charge�,.�mes and impositions atuc�bte to the Propetty � . . .�- �•
<br /> .���t,st ..�� whicla may attain pfiiqrity aver this Sccurity lnst�ent. and leasehold pay�ts or ground rents,if aay.Borrower sha11 pay .'-• ••
<br /> � ..:�.:.lpr�4�'�X f; .:.,: thes�St^,.►$ations in tit�:::�anner pro�ided in paragraph 2.or if r_ot Qaid in that manner.Bnrrower shall pay'them on time ditectly � : .� .:--
<br /> - ,.�.�%�?%'j�;��l';'..�: to tt3:�on owed payment. B�jr;:r's�r•,�r sh�U prompUy fumiy�h r�Lender all notices of am�unts to be pasd under this paragraph. �tl �*.='�•-�
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<br /> . S�:':� � .� If�+3rr+_�S�?i-makes these payme�,.as:+!liv�,Kly.Bnrrotiver shall pmmptly fumish to Lender rac�a��evidencing the payments. - � %�- - .�'��'�=
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<br /> =,: :� �,: :• ----. ...._ ,i�}1�r��vershal!promptly di�i,�:ai�,e any licn�t;ich has ptiority a�•er t6is Serurity Instrurricnt unless�rraw•er:�a)agrees in' - f.-.:;�"..'�:t,'..` :.,,,t��tt
<br /> , . • ��- . w;�rin�;ra3 the payment of the obligation secur�#Gv L:e licn in a manner acceptable to Lendcr:(b)conte�,��n good faith the lien ��� ;"'' � . ;�,;;',:�"
<br /> . : . . ' . ,. ' iee:, 4r.�?i:fends against enforcement of the lien'in. Iegal proceedinga a•hich in the l.ender's opinion operate to prevent the . =�'<<r�'�'�
<br /> , �`: . �� : enfcura�tutnt of the liem. ar(c)seeures from the holder of the i;en an agroement sati�factory to I.ender tutmrdinating�:i�.Cierr tu - �
<br /> � �� ' �, - � this'�t:�:itit Instrument. If Lender determine�that an art uf the Pro n �s wb'ert to a iien which m� attain nc..�•r•n�er • � ' '
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<br /> � this Security lnstrument.Lender may givc Bnrrou•cr a noticc identifying thc lien.B�mo�ccr sh�tl satisfy the lien or take one ot �°
<br /> � "`1 �� r more of the actinns set forth aboce within 10 da s of the rvin of nmice. . �� � . • .rls.�
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