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<br /> �T(9(�EI'HER WITH �li tho improv�mente noW on.iteraitar or�ctcd on the pm rty, �nd di auFinantr. •
<br /> 9
<br /> - _ . ' . ' nppurtenencea�emd f3xtures now c�r htreaiter s pRrt af the prst�terty.All replacemento Rnd add tlons ehell deio be covoced
<br /> - by thie CxvrIty Inetrument.A!!of the iore�oing ie rof�rr�d W ia thlo fiecurlty Instrumont An tho"F�rotxrty,"
<br />_;` �ARROW�R CUVBIVANT'S th4t Dorrower�o Inw�iu�l;�setaod�f tho estete horet►y,annveyed end lua the d�hs t�
<br /> __ grant and convey the Property iad th�t the Property Es unanaombared�except tor enoumbu►ncea o@ reonrd,Borrower
<br /> wareante�ad will dofend generally the tltle to the Ptaperty agninnt all olalms nnd demnnttn,oubjoct to�y oncumbrancas
<br /> - -_ _-_= oi re�cord.
<br /> - THIS 3�CURITY IN5TRUMENT corr►bincs untfarm cuvonants for nedonal use end nnnvn�iortn oavensnte�rith
<br /> limited vsrlstiane by ediction to coneeitu4c�a untiof'fi't pEtQUFjfy�IIBtPiIPtlHA4 WV�PIA$flU&��1S�j3CP4y, �--
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<br /> + LJNIFORM COVENAIVT3.�orroNer and I.eader c4vor�ant and sgree�s iollowe;
<br /> 1.Pa�►ment ot Prinoip�l and Intoreet;Prapaqmont aad 1.�te C6�r�es. Sorro�ar�}►ell pron�sptly�y whea dtio
<br /> the prinoipsl ai and iaterest on the dabt evides:ced by tha Nato and eny prepsyment and�lt+to ahargee d�a under the Note.
<br /> 2. Fuads for Tarea and Iaeuranee.Subjoat to egpltoabla inw or to a writtan�vai�vas by Lendor. Borrower eh�ll
<br /> psy ta I.auder oa the day moAthly psymants ere due undor tho Note.undl the Note ia paid in full,e aum("Fuade"}far.
<br /> ' ? (e)yearly t�ea snd a�semente Nhich maq attaia pri�rlty ovor thie Seaurity Instrumant ea a lien an the Ptopertq;(b) _
<br /> ' yearly leasehold paymeate or ground rents en the FrQperty.if eny;(c)yearly hazard or�pmpercy ia�raace pr�em�ume;
<br /> f : ,��� (d)yearly ilood insunrtco premiums�it nny;(e)yoarlyk�mortguga insuraace premiuma,if any;ead(f�aaysutne paynble
<br /> ��'�,y�;j� by Borrower to Lender.in accardaace wtth the pm»lat�xna of paragreph 8.in ltou o!tho payment of mortgage iASUraacE
<br /> ��'�• premiume.'These itame ore calted Escrow Iteme. Laader may�at any time,�ofloat�and hold Funda ia ea unount aot
<br /> ''������'�`°-'�i.', to excad the mextmum ainount a leader for s f¢donelly z+elnted mortgage loan may r�quire for Borcowet's escmw _
<br /> ' � accouat under thn iederal Real F.state Sectlemoat Pnmoedares Aat oi 1974 es emendsd fmm tlnne zo tirne,l2 U.S.C.
<br /> ��#i Soation 2601 et serr. ("RFSPA").unlese another tew.�t6at applies to the Fuada sets e�losser amount If so, Iaador az�y.
<br /> s h.��.e.
<br /> "�'`�'�.�=r',��+�� at any t�me�colleat and hold Punde ia ea smouat ttcat W exceed tha lesser amount.Lond�r may�atethe amount of '
<br /> ��4 ,�° Fuads dua on the basIs of current date and reasaaablo estimates of espeadttnres of tutu�+e Eecrow Iteme or otherariee ia
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<br /> .`"': ',. , accordance wit1�applicable law. ---
<br /> �.�;,:�•�,,-a..�.4:•� � The Funds shall be held Ia an institutton whQae dapasite are iaeured by a teder�l e�aaay�Iastivrn�antnlIty.or entitq ---
<br /> ";: .r,•�':""'�-�t; �includiag I.ander.if I.ender ie such an tastitutlan)or ia anq Federa!Home LoaA Baak.Lrsnder ehall apply the Fuade W
<br /> '"� " pay the EscrnN Items. I.euder maq aot oherge Bors+mNer for holding and applying tho Fuada,annualiy aaelyaiag the �_
<br /> �''`•�'����=�'�� ��` � escrow account,ar verifyiag the Escrow It�ome,.untass Lender paya Bormwor inter�t on the Funde sad epplicable tew _
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<br /> zs�..,,. . � .� i permits L.ender to mafce suah a charga. Howaver, Lertdar may requira Borrower to pay a ono-tisno cherge for an �n_
<br /> ' iadepeadent real estata tax ceportiag sarvice used hy L,e►tder in conae�tion with thie loan,unlesa appltcable law provides �,°_-_
<br /> `�''`' ` � •� othernise. Unlese aa agreemeat ia rnada or appltaable law reqairea iatetest to be psId,L,ender ahel! not be tequired to ;:
<br /> � � � ' � ',` pay Borr�wet aay iaterest or earniags on tha Funds.Bornower end I.ender may agtoe�n writing,however. that iatarest �'°
<br /> � ' �"'�� shall be paid oa the Funds.Lsnder shell va tco Borrower,without char e,aa annual accouadn of tha Funda.showi --
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<br /> '{�' ��:`�•_' � � ' credits and debita to the Foade aad tha purpoae for which eaah deblt to the Fundg was mada.The Fuads are piatgod as
<br /> , ';` � addldoael security for all sume secured by thie$ecurlty Instrumea� �
<br /> .'�t'?�'�� ' � If the Fuads held by Lendet exce�d 4ha amaunte permitted to be held by applioable law.I.emder shall accouat to _
<br /> '�`��'��''^' B o r t o w e r f o r 3 h a e x c e s s F u n d a I a a c c a r d a n ae with the r e quiremente of a p plicable law.If the amount of the Fuads held --�-
<br /> �r,r; .e;�`'j;�,�;• � [,-.�:
<br />�,,�:. �:.,{G.,�l; � by I.euder at any timo ia aot sufficies�t to pay the Eearow Iteme whea due�Lender msy so nottfy Borroaer ia writiag.
<br />_ � ��1;, aad,in such.case Borrawer ehail pay w Lender tha amount necea9ary to mafce up tho defIcIency. Bonoaer shall malca
<br /> `l`?�� up tha deficieaay ia no more thaa twelve monthly paymonta�at Lender's sole disercitinn.
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<br /> � " Upon payment in iull oi ail su:na secured bq thie Security Instrumant,Lender eha11 promptly refuad to Borrower
<br /> �� � any Funds held by I.eudar. If� under p�gt�ph 21� Lender ahail acqulre or sell tho Property. Leader, prtor w the
<br /> ; .�...-:� aoquieitton or eale ot the Property,shaIt apply any Fuads held by Lestder at the timo of acquIeitioa or eale ae e credit
<br /> . . ageinst the sums seeured by thie Security�aatrument.
<br /> �� ' 3. Appllcatioa oi Pay�neate. Unlass appHcable law provides otherwise,all payments r�ived by L,cnder undor ,
<br /> � �. paragraphs 1 and 2 shell be appliod: firot►w any prepayment charges due unaler tho Noto;second,to amouats payable
<br /> ' ' � uader paragraph 2;third,to intereat due;fourth,to grinaipat due;aad last,to anp lato ohargca due undet the Note.
<br /> � � 4. Cbusea; Liens. Borrower shetl pay all texes,essesamente,cherges,fines end imposItione atuibutable to the "
<br /> ;:��. Property which may uttaia priority avrsr thie Security Instrument,end leesehold pay�ents or ground reats, if any.
<br /> , :';;;'`;`, Bonower ahell pay these obligations in tha manner provided in paregraph 2�or if not paid in that mannet,Borrmwer
<br /> '�%'�����ir � ehall pay tham on tlme directly to the person o�ved payment.Botrower ehsill prompt(q furnish to I.endet ail noticesof
<br /> � ;y�`.•��'� amounte to ba d under t4ua h IF Bnnower makes these ments direotly,Borrower shall rn tl turnieh
<br /> :.,4�y�,1:� : • ^ " P� P��P • PaY P� P Y
<br /> :;t, .�';:.� . `._';,;i�;ii to Leader receipta evidancing tho paymente.
<br />,,i , ;;.�;.,., B o r r o w e r s h a l l p r o m p t l y d i s c h a r g e an y li�n whiah hae priori t y over thie Seouri ry Instrumcsat unlese Horrower.(aj
<br /> �;. �..�:. : ::;;,'+;�, . agrce.a ia writing to the payment of the obligation secured by the lien in a mann�rr accepzabla to Lender;(b)coatestaia
<br /> ° ' ;3�.. . good feIth tha liea by.or defeads against�enfoncoment of the lien in, fega3 proceedings �vhich in the Lender a opinion �.
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<br /> ,,� t operate to pravent the a�nforcemeat of the ltisn;or(c)secures 4rom the halder af the lien an agreetnent satiePactory to �-�'
<br /> �� �,���:� �.eader eubordinetiag the lien to thia Security Instrwnont.I4 Lendar deter�in�s that any part of tha Property is subjact ���, .
<br /> `_ � to a lien which may attein priority over thie Security Inetrument,I.endar may giva Borrower a notice idantifying tha
<br /> lien.Bamosver ehail eatisty the liea or tal;a one or mora of tne actions sat forth above within 10 days ot tha�iving of
<br /> notice.
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