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<br /> _ .`_ • . :, � THIS sBCUEiIr1r n3S'FRUN�T combin�imiform cavena�s for national use ana na��ifotm covenaa�witb l;naited � . . _ _
<br /> ' ; , variations•b Y�o a L o W n s a t u t e a�f o r m c e�t t r i t y i n s C�v m�e a t c a v e r i n g r�3 1 p r o p e�t Y• ._
<br /> � ' � -- � iJNffORM�V@tAN1�. $orrowet aad Iender oovenant aad agt+ee as faIIows: ' �� . !
<br /> , ._ . . y paym�oi PritadF�l and�nteresti Hee�pm�at and Iste C�• �onnwer shall Prom�t3Y DSY cr��due ; `F
<br /> . .��� _ � '
<br /> , .. . the�of ar.d uRetest on the debt ev�dem.ed 6Y the Naie sud anY P�P����due mmd�r d,��Iot�- ..
<br />_ .. Z. F'ands tar Taxe3 sad Iasnr�nce. S u bjea w agp l i c a b 2 e t aa►or r n a w ri u e a a r a i v e r b y t�e a d;�,B a r r a w e a s L a U �, .
<br /> ! '� '• ..< pay w IBUder on the day moatNy payments ffie d�e under the Note.u�the Nate is paL!in fu11.a sum t"Fnads")for. ;. .� . .
<br /> .. (a)YearlY ffixes a n d assessmems a fi i c h may a m i a p s i o r i n►o v e r t h i s 3 e c a r i t Y a n s t�e n i a s e I i e n a a t h e P c a p e rt y:(b)Y�d Y ..
<br /> ,��`r . `� ... 2ea�eho2d payments ar grouad reuis an the Prnperty,if anY:(c)Y�Y���P��Y i�uaace gren�s;(�YeuIY . , :"'•.�_
<br /> : . , . Aood in�rrunoe ps�i�lus.if aaY:fe)Y�Y ffi�8e in.�rs�noe pI+emtuIIls.i f SnY�2�s d��s a l►s 1�m s T�Y a b t e�Y Bo1[owes .
<br /> � . . � ` < to Leader.ia accordance wid►the provisIo�s of paragxapi�8.in li�af the�ayment of mortga8a ins�n'aIICe P�em�s.T� • . . °
<br /> �r:�-:�cr; _`
<br /> . . items are coIIed"Fscrow Iums."l�eader may.at any►time.collect a�d hold Fmjds ia an amount nui to exceedt�e m�a ,_ :r�-_
<br /> .' , . ` . amount a Iender for a federally relatBd mortgage loan may tequite for Sormwer's escraw au�ount uader t�e f�reI�1 , , ;' '_
<br /> � . Fstaie SQUlement Procedures A�of 19?4 as amcnded�fr�m time to time. t2 U.S.C. §260I et seq. (••RESpA•h.ualess . ,`::i:,-=-
<br /> ::
<br /> aIIOther law that applies to the Funds sets a les�r amount.If so.tender may,ai�Y t�ae.c a l�c t a n d I i o l d F a a d s in an �;-�rr`�::_.
<br /> � . amauat noi tQ exceed the tesser ammmt.Lendsr may�stimate the amouat of Funds dne un t3ue basis af�data end ,��_ ...,.-—
<br /> ' with licabte law. . ._�^�»�.�_-
<br /> , reasonable esu�nates of e�of facvice Fsemw Itedas or otberwise ia accordance aFp _ ;°-i.--
<br /> +..' ` The Funds s5all 6e hetd ia�:iasptation whase deposits sre iasuced hY a federal ag�cy.�►.or e�t►t9 - `- —
<br /> . (inclading Lender,if Lender is srr3i}�atc;i�stitutian)or in any Federal Home Laan Banlc.L+eader sha11 agplY the Fuads w `.
<br /> r - -_ -
<br /> ----`-_------ - - .. _ paY.tBe Fsctow Iums.:�eader mayr'acn'charge Br�rmwer for ho2ding and applY'�r.gthe Funds,aanna]IY�8�� �r`''-
<br /> � accc�t.or verifyin���scroFtltems,uatess I:�ader pa9s Boraower mtErest�ati��Faads and applicable. permi� .� �_�
<br /> , . .: to malre sucb a c��,h'�owever,Leader may t+equire Barcower to pay a o�..me chaarge for aa i�de�u�t real eslaue � ��__
<br /> ' .' • `, ' . tax r�-r.�g servine�d by I.eades ia connection with this laan,�mIesg applicable taw gaovides othegarise.��a a�t�t� . _
<br /> � � is t5i�rca�pplIaabie laa ceqwtes intecest w be paid,I�ender svall not be r�quirEd w pay Botrower suSr frr'..��s� . . __-
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<br /> , . „ .' . on't�e L'�ds.Bormwer aad Leader may ag�ee ia writiag.hawever.thai ia�re�t shall be pald on the Fa�s:�•*� -_
<br /> � • , give ta Borrawer,i�wt cha�ge.an annaal accaunting of the F�ads.shpwin8 cred�s an�debits to the Fti*��:d 1tb't�'�S e ='�-_.
<br /> � , ' for which each debit to the Fuad was made.'i1�Fuads are p2edged as additional security►for all aofus sea�'�TaY this S� � rs
<br /> . . . �_
<br /> . : . Instrr,;-�•,+ � �—
<br /> � � .T�ihe Funds heW by L�der eRCeed dce amames permi�od to be held by applirabSe 1aw.Le�der s6aD aooa�t to Basower .
<br /> �� � . • .� • for the eiccess Fcmds i.n accoidance with�the reqnuemsuts of applicable law.If the�o�t af the FuIIds he2d by Leader at �
<br /> . , any dms is nat suffisi�}t to pay We Fscrow Ite�s arhen due.I�eader may so noWjr Bosrower in writ3ng,and.tn sttch c�se �:_
<br /> • . Bonawer shall pap t;4,�ender the atnount nece.sszry to make up the defici�cy.Borrower shall.mak�e�the deBcImdy ia �,��"
<br /> . � . . • no mote thaa tweYc:�.�mh1Y Payments�at Le�'tir�r's so2e discret�on. �"�
<br /> . " Upon payme�tt in fu11 of all s�s sec�a2�3 by this Security Instrameat, Lender amall promptty��nd w BorrowCr . :: ���-
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<br /> . �--- . �- -�- ear Funds held by Lender.If,under P�S�Pb 21.Ir.nder shall acquire or sell the Property.Lender.Pnur W the aoq�n , ���
<br /> � � � or sale of the Property,shall appfy auy Fuads held by Lendes at the time of acqnisition or s�Ie as u ctedii agaiast the r,�a
<br /> -. . se�,red by this Sec�ziry Instr+�ment. �-�
<br /> .. 3. AppiYc�oz�of Payme�s. Unless applicable law provides odcerwise,all payments r+eceivtd by lrender uader .��,
<br /> ' . . . paragrap�s 1 aad 2 s�all be applied:first,to a�Y P�Payment charges due under the Na�ue;secoad,w amaurta payable uffier =_
<br /> . . .. . , paraBraPh 2;third,tn interest due;fowih.w princiPal due;and last.w anyr late charges dae under the Nott. C_---
<br /> � 4. Cbarges;Ideas. Sorrower shall PaY all taxes,assessmeuts.charges.fnes and impositi�ns atu�'buu►61e w tLe �
<br /> •. . ' Property which may attaiu priority over this Sacuriry Instso*!�.�^t,and tea�old pay�eats or ground reats.if any.Bors�ar �
<br /> • � � �P�Y�obL+ptians in the maamer provlded in parag�agL 2.or if not paid in that manser.Burmwer shall psy them --
<br /> �.. - �� .. on time disectiy to the person oaved paymen�8orrower shall PromptlY Rimish to Lender all twtIces ct��to 6e paid :
<br />' • under this paragraph.If Bomawer matoes these payme�dinealy,Bomawer sha[1�ramptiy fumisb to L�eudr�a�oeipss evid�8
<br /> : tha paymeats-
<br /> : .. . ' Bmrawer shall promptly discharge any lien ahich has prioriry oves this Secariry Instrument unttss Borrowai:(a) �_
<br /> y � • ,' ' agree.s in writing to the payment of the obligation secured Dy the lien in a�An++t*acsegtable to I.ender,(b)contGSts ia good �q���._
<br /> '. . . . , • faith the lien by,o.�e fen d s against e n forcement o f t he lien ia,l e g a i p r a a�i n p w l fl c h i n t h e 1.e u d e r's o P i n i�n o p e�i e t o ��°�
<br /> � prevent the enfora°urr�►t of the lien;or(c)secures from the ho2der of Hr�;:en aa agrament satisfacton+m Y.eader suDar- _ _
<br /> :At , • , dinating the liea to t�s SecurIry Insttument.If Lender deurmines that azry Qart of the Pcaperry is suh�w a lie�whisb -=-.:
<br /> . ��,� may attain priority o�t�his Secu�ity Iasuument.Lender may give Borrower a natice idenHfym�the lien.Barmaer sb�U �,��`�''
<br /> ��
<br /> • ' � :���?';�,� eatisfy the lien or ta.�6ae or more of tIIe actions sa forth above witLin 30 days of the givIag of notice. !V. ,'ry�,r f��—
<br /> � �'��'�' S. H�td ac 4'toperiy IaSUrance. Borrawer s6a11 keep the impmvemsats now existing or ite�kr erected on -�`',
<br /> �. F"all�?+!�_
<br /> � � the Frop�rty insu��.gainst toss by fire.harards iaclud�arithi�o the term"eatende�d covetage••aa�aay ather 4azards. . . . _
<br /> � � � ' ,�'�r;���.•- 1ncIudiag floads or�oadin.8.for wAich Lender requires insurance.This insvranee shall 6e maintained'r�We amauaRS aad - . ' .
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