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<br /> -'��� . � T�GE�gIQL�{�ITH IIII tltC lIIIp70if�IIIEIILS R6W OS�BICS$�Y�RD tltQ p70PG'Ii1►�2II�3II�Cii.g':�2Ilf5a�;�ees,� . .
<br /> ` ��"G"�� �nd Sxfiues noN ur�ere3fier a past af the pFOpertp All rePla�s�enta�d additions shall elso isa oaver�d by tIIis S�c�ity� .
<br /> ,y-�x�-��q Insttament A11 aF ths fo�oiag is xefeIIed io ia Wts Secariry tastrument as the"Pmperty.°. , � ,, . � . '
<br /> _ "'s`'��".� • BORitOWFdt CY)VENAIv'fS tflat Sarmwer is lawfiil3y szise�of the estate�eieby caavey�and h.a�ttc�ri�t ta geant ,
<br /> --=- ,�d canvey th�PtoperEy aa�that die Fcoperty is uaencum�ered,excePt foz enr.�nb�ses af recard. Baarawes warRn�a�d . '
<br /> __-`v-=��� �' w�ID defead ge�neraliy the atis to the Property agaiast afl siaia�s ar�1 demands.sub,�ect ha a�r enca�nbrauaes af r�cort3.
<br /> �;�'`�`=���,�.- . 'CHI�SECURITY IIe15TdtiJ&�NT combines nniform cavena�ts for dat�onal use and nna-unifaim�ave�an� Rith� ,
<br /> � 1- �'`r l�ited variatians b Ui15(IIC{tOff[O CUDSQUitE 8 QD]f�QIID 5£C�1 �m t coveein reaI
<br /> ��v�,�� _„ YJ tY S P�FertY•' ' ,. . .. . •
<br /> � [JNIFQ3tNi COV�NANT�. Bonawerand Leudercovenant aad a�2e�as f�l�ows:
<br /> t} :_�',u�?�: . 1. P9tgmeat ai�rladns!and Inbere,sE;�ym�t sra�Lit4e Cbarges.Boncawer sLaU�ti�PaX����,-.- ---:.
<br /> K� �.'` : `-. � prinsiFaZ of aad inaemst on th�deist evidea�ed 6y the Note and any piegayment aad late charg�,s due imder ttte Nat�. ' .:
<br /> ''�� r- E. T�ds farltaaes arxl� Snb3ect Eo appYirab2e taw orto a�itt�n�vaiver by Lender.Borrawer sflaII pay tQ-,
<br />_ -:��~--��-�i 4 -
<br /> _�..�,,.�„;�_�r �; Leader on tIle da.y monthty payc�eats are�uad�r t$e l�aa�ant�the`Ptoie is patd in ful�,a sum t"�nds)For:(a)gearZX' .
<br /> �_�:, taaes and assessments wluch may sttai� over tfis Sea�ary Insuu�n2 as a lien on the pcoperty;N)yearly teaselzo2d
<br /> _ :_�,� �_,,.'� paymeau or gro�d_rentc on the Pmgerty.if anY;(�)Y�Y��or pivperty i�m�premdmsiv;�{��Ycarly fload. �
<br /> �-w�= �'�.'°:".E p�emiums. Y'( ).Y�Y�rtb'aSe�Oe•r,rami�,mQ�{g�, �(�aAy sIIms pa,ytaDle by Soacayvet tu� '
<br /> =��-__'-��-.}- ' ins�uaace if an , e
<br />'���� ' I�ade�in acoordance with the pmvisions of garag�aph 8.in lieu of the payment�of morEgage ins��e�iums. Thesc .
<br /> - — items are caIIed"Esccaw Items° Leader may,at siry 6me,w]Ieet and hoid Fands ia.an amo�mt nat w exceed tis��me�imum. . • .
<br />-=-;�;._� amnunt a leader for u federally ceiated martgage loan may m.�ui�for Boaawe�'s escmw acootuu�einder the federaI Reai.
<br /> '��"�"=�.� Estate Setttement Ptocediues Ast af 1974 as atr�ndzd finm time to time,l2 U.S.C.�?G01 et seq.(°RFSPA"'),tmless a�er � �
<br />--~�„���°=`' Iaw that 2Ies to the Aimds setc a Iesser amaaat. If so,Lc�der ai
<br />-�:°;���„� aPP �Y• �Y�e.wltect aIId h'cil�Ptmds in an amoaas aat m
<br /> �,� '`��`-` exceed tlie 2esser aaiount I:ender may esotmate die amonnt of Fimds dne on the basis af�mreat data and ieasababTe
<br /> �� � esaznates of expenditu:es of fuUue Fscmw Items or athe�w�ise in�with applicabte hw. " `�
<br /> =. ,�� r The F�cds shall be IIeld in aa iastitaaan whose deposits are ins�ued by a fedetal agency,ias�nia�itY,dr entity r•.
<br /> t�� � � (inclading Lsnder,if Lender is snch aa institntion)or ln aQy Federdl Hnmc I.oa���k: Lendea shail apgly tt��nds ta�aY,, f � �
<br /> ' �_t �' :��� the Essmw Ifems.� I.�nder may aot charge Bozmwer for halding and.applyIa��� Fuuds.a�afly analyzm�t1�•estxow{,;1j.. � �"
<br /> �� accouu4 or verifymg the Fscrow Items.�mless.Lender paps Bomin�er intea+e9i on t6e Fands and applicable Ia��erm.�
<br /> f d�i� �� .. . - Lender ta a�ake sach a charge_ However,Lender may require H�t�r,riirer to pay a one-time charge far an sndeper�dent n'�l';a`�.��" ' -
<br /> '..:���'�.,s;_;� rstate tax reporting s�ce nsed by Lendef in conaection with t�i�ll�,�Iess aprpticabTe law�aovides oilierwlsa YJn1�ss a�o�:�'.
<br /> �_;,�;.;r�;_'-- applicable Iaw ia trn�e aid,�er sl�all aoII 6e to aq Sflrrawet ea.�aDene�f nr .
<br /> ,. .. ,�:� agreenieht i�made or �a�s �r, P.,„ � P I�
<br /> � � •� - eamings on ths F'auds. Bmrower and leuder map.r�,�ia wnt�a�hoawever,ffiat mte�st sball tse gaid on the Fnnds. i.e�nder
<br /> :�.�, shall give.to Borrower.arithout charge,aa annua�a�a��::nting of.the Funds.showiag cre►4ita artd debiss w the.Fbnds and�e •
<br />,;��::�.�:,. :.��; ;•: P�Pose for which each debit w We I�nds�was ma�..The Fimds a�e pledged as additional security for all sums�by
<br /> .r, r� ttus Seturiry Iasuument � . . ` . .. -
<br /> ' ' If the F�nds held by Lender exceed the aatec�,ts pelmitted W be held by applica6le Iaw,L;snder sbaI)accouat to �
<br />'-:t:��-'•"'�,; :.,r Bm�ower for the excess Fuads in accordance widr.its��:aq�isieioents of apgllcable law. If the amoaat of ti�F�md�Ele2d by
<br /> � ., �. . Ixuder at any tim�is not suf£cient to pay the Esci�?i'Items when due,Lender may so notify Boriowtr in writi�,and.m
<br /> �,'., ,.;;�� sach case�Hmmwer s4�all payr to Leader the amomit necessary to make up tl�e deficieacy. Bouower shall malce ap tLa .
<br /> � �• ��I deficiency a no mare th�w twelve mont�r.payrnents,at i.ender's soIe±discretioni� � •_ _�
<br /> .r(;:`.,Yn��t�t''�! t1Pmt�aYAneat in fnll of all s�;�by tivs Security�Gz��ament,I.endu shall procr.#,tty refwnd to Bonvwer att�(��.;;s .
<br />__ � ��,;� � Faui(s hetd by Lender. ff,uader parag�pb 21,Lender sball. �r seD the , l
<br /> ' ; sale af the Pm � �OP�Y ���ar w the arqoisItiaa dr-
<br /> 'n:;;�,•;,..�:;;;�',.. P�Y,shall apply any F�nds held by Lend$r at the time of acquisidon or sale as a credit against t6e stsms
<br /> �,. ._..• ' :' : • • ' secured by ttis Security InsnumenG �' ,-
<br /> r•.,.., �s:-> . 3. AppIIcation a!P�ymeuta UnIess applicab2e law provides other9viss,all payments.received by Y.ender Wtdei .
<br /> _ _ ;-,�;y;;';,:.:.� paragraphs l a�d 2 shall be spplied:first,to any pc+epayment charges due ander the Note;second,to amoants gayabte ander
<br /> _ ",'. ;� paragrapb Z:third,ta interest due;fourW,W principal due;and Iast,�r�ny late charges due uader the Note.
<br /> •''����''� 4. Ltens. Bor.nwer shall a all taxes, auessments.c
<br /> ':.. _r�`�}�iy;: �'� .
<br /> ��,.,.. . C��i P Y harges.fines and impositions aitri6utable to the
<br /> -� ''�•=_� Ptopetry wtrich may suain prioriry over this Sectuity Instr��+�and teasehold paymenis ar gonn8 nent�.if aIIy. Banower
<br /> _�.::5`:•=-.�;.
<br /> .�';', ,�;�,..,.;:.. , : shall pay these obligations in the manner provide�in paragraph 2.or if not paid in tHat manner,Borrower shal!pay tbem an
<br />-:�;;�:�;::� . time directly to the pezsan owed paymen� Bmrower shall pmmptly fimiish to Lender all no6ces of amounts W 6e paid�mdet
<br /> '�-=yT�.- ,. ,. this pazagn►pb. If Borrower makes these payments directly,Bnrrower shall pmmptly fumish to Lender receipts svidencing
<br />- ;s>-" �- the payaterns.
<br /> �`� Bonawer shall promptiy dissharge any lien wtuch has prioary over this Securiry InsUumet�t unless Borrower.(aj agcee�s
<br /> in writing w th�payment of the obligation secwred by the lien in a manner acceptable to Lender;(b)contests ia gaod faith the
<br /> . , lien by,or defends against enfarcemeat of the liea in.tegal praceedings which in the Lende�s opinion operate to pievent tpe
<br /> , enforcemenE of the lien;or(c)secures from the holder of the lien an ageement satisfactory to Lender sabardinating th�13e�
<br />_ � to tlils Security Insuument If I.ender determines that any part of the Pmperty is subjeci to a lien wluch may attain p�io�ir�.
<br /> ' over this Sec�uiry Inswment,l.eader m�.�give Borrower a notice identifying the lien. Bosower shall sadsfy the lieo ur t�k�. —
<br /> ',';` . ., ane or moie of the acrions set forth a�cre within 10 days of the giving of nodce. • _
<br />_ ;'s�S., . .; ,, S. Hazard or F�lnsaimnce. Borrower shall keep the improvements now exisang or hereafter erecteA on the ___
<br /> �;i�!�: . ,,, . Property insured ag in�c[n:s i�y tu+e.hazarQs included within tUe term"extended cuverage"and eny other hauards.including
<br /> .. , ..,.,.:., .. __
<br /> • • ' �...,1`,;,, tlooda or f2oodiag,for�i�ch�.er�c.':,requires insurance. 71us insurance shall be maintained in the amounts and for the °'
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