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<br /> _� ;�:�.. .. ,,. _ �� � TQGETgiER�311'fH�all the impcavements ttoar os 6ereafter er�cted dn tfle gmp�rty.su���em,::ffi�.��Des,a�� � _
<br /> z`�.'-__..::=`.:`�..,�s':�. ��fixtures aow as her�fter a part of the property. Atl reglr.ce�eu3s and additioas shai! utso be oovered,by tl�is S�ut€tq_
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<br /> _;,��4.' :, `Q�' •f° : '' �' Insttuatex►t.Ail uFths foregoing is referced to in this Secauiry Incm,snene�s t�e'°pirogeety.°
<br /> _,:z=. ; •'. . ` � BaRROR'ER COV�NANTS that Sorraner is ta�vfWIy seiscd of tRe estate heretsy oomreyed und hss che dght ta gca�s as�d
<br /> ->.�.��'- :�-.<.`;�,5 �;. ennVey.the Progerty and tha4 the Progcrty is uneacnmber�d.except for encumbiances of crsard.Bo�ro�ver waxaants and will ,
<br /> _ ' � � ,. � defeud generally the title W the j'raperry aR��t ull claims an�dema�tds.subjECt to any ensvmbr,uaiccs,Af recard.� '
<br />- `; y� . '�� .:� � THIS SECURTPY tNSTRUR9ENT rombines uniform mvenants for natiuna3 use and non=uniform covenants witd►ltmit�d.. .
<br /> _ • ` v�iations bylnrisdiction to consticute a uniform security instntmeat covering real prayeny. � , ,� �
<br /> � '-� �. %. . � UNIFORM COVEMAN'FS.Borrouer and Lert�er cavenant ar�a�ee as folIows: . . . . •
<br /> � �� , ' � l. P4�y¢amE of Prtacipal�tl Iu4ee+es3;Pirep�ymeat uad Lrate Cit�tg�s. Bomaswet s�hall P��Y P�Y wRen due th,
<br /> :_:";,` ���`- � principal ofand interest on the de6t evid�nced by the l�ote�d any.prepaymetir and late cha�duQ�t8s i+Ia��e - -
<br /> �� .'. �� ` Z:Flmds ios�'exes��nsar.arcce. Subject to aFplicabie la�v aT ta a�vrlRtea�vaiver by [�nder.Bortow�r shall�ay ta . :
<br />--' � " • .� Lender an the�ay monthlY paymercts are due under the Piote,imtil the 1lfate is�id in fuli.a susa(°Funds")fqr.E$)Y�ty�4.s
<br /> _ " .. . � and assessme�s whlch may attaiR priority over this Se�uritg Instnuneat as a lien on t6e Frope►ty:Qb)YeariY te�sehold q�aymierss ,
<br />_�..�:; ., �. t . . ar grouad reats oa the Praperty.if apy;(c)Yearly hazard or pro�eRy insurance premiums:(d)Yearty fiood insurancc p�miums.' -
<br /> _ . : � . � . if any:(e)Year1Y�aortgage insurance preariams. if any;and(fl any sams paya�le 6y Bonower to Lender.I�arcor�^�wiih ' _
<br /> " �• '• ` • tbe provisions of g�aiagraph 8,in lieu of the paymeat of mongage instranx premiums.Tt�e items aze called"Fsgro'w Items.:
<br /> e:;,�„ •.` ` �,<` . I nndPr m�y. az any time.collect aad hold Funds ut an amount not to exreed tde maxi�am4gnt a le�r fmr s fedt�ally ,
<br /> : � re[ated awrtgage toan may require for Bomower's escrow aocaunt ander tI�fedeial Rea!Fstat�Settiement Frocedures Ac�of
<br /> ` • �� ' � ��•` t974 as amended from ame to titne. 12 lI.S.C.S�xtion 2601 et seg.(°RFSPA°).�mless�rtot5er la�v that agpiscs ta the Fu�ds .
<br />� �'�� ;' , . , �.• sets a tesser amonnt. If sa. Lender may.ar any time. oollect and hold Funds in aa mnount.nat to ex�d fbe 3GUe��cnount. . `
<br /> _= .� • • �; L�ender may estimat�the amount of Fnnds dae an the basis af current data aad rnsanable estimates of eapeoditures of,futttt�
<br /> •.�, ,- . . , Escrow Items or otherwise in acwrdance with applicable taw. . " •
<br />-- • The Funds shall be held in an institution whose deposits aze insured iry a fedesai agepay. ►��*�+±�sntality� or�ntiry
<br /> �•. , � �' �..
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<br /> :,..r.___ �.:.._._ ,.,. : (iaciuding Lender.if Ixnder is such aa institurion)or in any Federa!�io�e I.oan Banlc.Le,nd�shaU apply the Funds topay tLe .
<br /> ' � , �� • Escrow Items.Lender rtsay aot charge Borrower foi halding aa�apply�ng ihe Funds;�anrivally aaalyzing tl�e escrow ascount,os ;
<br /> • „• � .. � verifyiag the Fsctow Items.unless Lender pays BorroweP it�terest on the Funds and applirable taw permits I;ec�dea w make sush
<br /> � • � �!' ' • � a charge. Howe�er. Lender may require Bormwer ta pay a one-time cdasge far an iadegeIICte�real estate tax reportiittg s�rvice �
<br /> , + ' � used by l.eader in conrcection wit1� this loan, unless applicable law pmvides oiherwise. Unless aa a��etneat is•m�cle ar
<br /> ` - . ,. • . . �le taw res interest to be aid.Lender shali nnt lse uircd to Borrower interesi or arai on:the�Fiiqds.
<br /> : „ ��"` � P �'e4 � PaY anY � .
<br /> _ . • � Burrower and�er m�y agree in writing, however,that interest shall be p�id on the Funds. Leffier shall g�ve to Borrower.
<br /> '. � . • w�iL►�aut charge.�:,annual accounting of the Funds. showing credits ars�debits w the Funds aad the purpose far whic4 eacfl ,
<br />• . . '. �it ca the Funds wa5 made.The Fuads are pledged as additional security far all snms s�cured by this Securiry Ins�uun�cnG . �
<br /> � ' - ' �the Funds held by Len��exceed the amounts permiited to be held by applic2tr::la�r,Lender shall accoum to Barmwet
<br />� � far the excess Funds in accarci�-xe with the reyuirements of applicable law. If the a�rsrnt of the Funds held by I.en�er at aay
<br /> . � •<.� .` ; time is nflt su�cient to pay the�scrow Items when due.Lender may so notify Borrorr�s in writing.and.ia such ease Boaoarer
<br /> , .. -. , , , shall pay to I.ender the amouni necessary to malce up the deficiency. gorrawer shall maka ap the¢?..�ficiency in na more thara..
<br /> • • ' tcvelve monthly payraents.at[.ender's sole discretion. � • ' •
<br /> • . � '. .' '.. Upon payment in full of all sums secured by this Security Insumnem. Lend��ali promptty refund to Bas�rowcr a�y .
<br />- ' F*.�r_c's held by I.ender.If,under paragraph 21,Lender shall acquire or sell the Property.Lend�r,prior to the acqu��irtsss os sale .
<br /> . � ..' �� . oF r"ae Property,shall apply any Funds held by Lender at the time o8 acquis'stion or sale as a credit against the suau m�ctued by
<br /> ,. � . .. this Security In�tr�sment. � .
<br /> __ . � • � 3.Appfication of Paymeats.Unless ap�licable Eaw provides otherwise.all payments re,ceived by Ixnder uader paragr�,'�.
<br /> �.� •_ 1 and 2 shal!be applied: first,to any prepayment chazges due under the Note: second.to a�ounts payable under paragraph Z;
<br /> � � . • third.to interest due;fourth.tm{:sincipal due;and last.to any late charges due under tf�.Note. . �
<br />-�; . � , . , 4.Ci�arges;Llens. Bnrra Wer shall pay all taxes.assessments,charges. fines aa�i s�aqsitions amibutable to tt:e Praperty
<br /> . � � which may attain priority over this Securitt�Instrument, ami leasehold paymenu or g�u�d renu, df.any. Borrower shall pay
<br />;;:;,. . . �. , these obligations in the manner pmvided ia�:ar�Draph 2,ar if not paid in that manner.�orrower s;:.a!�[�ay them on time directly
<br /> �� . ' . ta•r,4e petson owed payment.Borrower shafl promptly fumish to Lender all notices of�ounts to 6e paid under�.+�is paragraph.
<br />�`_.•k �� . . if i��rrower makes these paymenu directly. Boaower shall'prompUy fumish to 1.Ender receipu evidencing the gs.�cntnts.
<br /> + �• � Borrower shall promptly discharge any lien which has prioriry over this Securiry Instrument unless BorroRr:r;ia?agrees in , _
<br /> '''' -'� • � . writing to the paymem of the obligation secured by the.lien in a manner acceptable to Lender.(b)cen�sts in good fz:th the lien
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