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<br /> - �f j1�({$j��j Q✓jTH 811 fh6 ITIIpIOVCmCaL9 ilOR►OI�1�IP��QII i�IB Q10�[Y.8IId 8�CS�.B�DI��+� ' �"
<br /> ' ' fuhues now or he,�ftra a pa�t of tke ps�pecty.All�lacements and additians sbalt aLm be aavaed by this Secarity Insanme�. ' € • ;
<br /> - ' AU af tIie f�in8 is refeared tn in this S�Instr�e,nt as the"PmpertY•° •
<br /> � ' BtDRROWER COVENAI�IS tbat Barrow�.�s tavvfully seiserl of the es�hcse6y conveqed and has the sig6t w grant and y , ;
<br /> ' i�..�-,• mnvay d�Pc�g�tY aad th�3 the Pco�paty is une�camUeted,eacept for enc�mbiaaces of rearrd.�aamwea wanants and�n7I � - - -r
<br />_ r ' t J�'~ defeud e�eaaIIY the tmie to thePmperty a�nst aII claims andde�ands.subjeccto any enc.umbrances of�d. C `
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<br /> ' . ' TffiS SECtJRlZ'Y IN5TRUUI�PP combines anifaim ooveuants f�national use and aoa-imif�m covenants with 1� t . ; .
<br /> ' . _ . . . V8i131[OIIS TSjt jtttlSdiCfIDII ts COIISflulLC S IIQ1tO1IIl S�I 1IIS�IIAlCIlL COVQIQ$f28�QIO�[y , _ �' , _ ,'. ..:, _.
<br /> _ � v". -.�. � jJj�jj�Rjyj COVENArP('$.BUIIQW?diiIId L.�el COO�aeALSIId e,grCC S9 fOlIOW�
<br /> `- `. •� ` � ent and Latc Charges. Bosroa+e,r sha]1 pmmP�Y PaY when dne t�e �_. , - -
<br /> . t... .. , 1.FBym�t af Principal and Inta'tst:grePaym • '
<br /> - � prmcipal of�d in�est on the debt evideaced by theNote and�►Y pre�ayment�d iale charges due undea the Notc. � . . � , .
<br /> .� 2.Flunds far Taaes and fnsuranc� Snb�et to app�c�h2e 1aw ar to a w�en waivea by Lendear,Baaowea shall paY ro . .�
<br /> ,` �` � ts are due�eaar the Note,wntil the Nat�is paid ia fi�,a sum("Fands'�foi:(a)Yearly mues
<br /> . .. I,ender on the day raonthlX PaY� Ptopetty'{b)Y�IY l�o��� , - .
<br /> _ � . � . and�e�ts which may ai�in priority aver dris Sec�iry Insaumeut as a ti�.on the , ��:,. . ..
<br /> .-i _`�_} ' • or gtonud re�ts ort the Ptoperty.if�3.(�)Y�Y���P�P�Y insutance premium�(�YeazIY tinod insurance p�emiams.if . . ,
<br /> . `• ; . �f an and(�aaY�ns FaYab2e 6y Boaower to Le�dea,in acwrdance with the � .
<br /> - ' �Y:(e)Y�Y martgage insoiaace p�niams.� Y: . , • .
<br /> ` . � ' Iuovisinns of gazagr�aph 8,In lien of the payme�af raot[gage insutance pmmiuu�s.'Ihese i0e�ns a�called"Fscrow Ite�ns." ,
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<br /> � Lender maY,ai any time.coIIect�d ho2d Funds in ai►amatmt not m exce�the maximvm ama�mt a Iende.r for a feQerally� ; . < , a . �
<br /> ` • . . ..,. •
<br /> ..• .. . . .
<br /> ... . . m�e toaa may�equue far Boimwea's escrow acconat�mdea the fedeaal Real Fstate Setttemeat P�cediaes Act o 1 as „ .
<br />_ ..�. . �.. ,.� . , . . � -
<br />-- ,,�. . :• -=- -'- ' --�--..._.am�fr�-dme-to-ti�:��i1.S.G�Secda�a 2601 etseq.__("RFSPA'�.�l1CSS�nothea laav that applies_tn the Funds sefs a less� � -, •,
<br /> , . .atnount If so.Lendea may,at any time.collet,t and hadd Funds m�amonnt not to accz�d the�esser amouat I.e�dea inay .. � . ` :----.- -. -
<br /> n � , ,' � �� estimarc the amouat af Funds dne on the baais of cunent data and�easonab2e es�maf�.s of expeaditures of fumre Esraow Items or ` , ' :�.
<br /> � � � ' atheawise in acc�rdance wiib applicable law. ' . :;�:.;-
<br /> �� � "" The Funds shall be helsl IIe an insdtation ahose deposits ar�insuied by a federal aSe,ncS►,insnumentality.ar eatity(inct�ding `� �
<br /> . . .; �:, ;:,:...,
<br />_ _.. _ I,�an Banl�i.endea shaII 1 the F�mds�o pay the-Escmw :=��""`
<br /> � � � .I.eudea,if I,enda is such an institntion}or m aay Fe�ai Hoiqe ePP Y • , .
<br /> . .� Items,I,ee�der ipay noi charge Boaower far ho l d i�g an d app lying t h e F i m d 9,a n n a a ll Y�Y�B�e��w accaunt,or vaifyrmg . .
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<br /> the Bscmw rr��al�ss Leader pays Bormwer interest on the F�mds anA applicable law permits Lendea to make such a ct�ge. _
<br /> . - - .. Howevc�I.endca may require Bomnwea w pay a on�time c,�arBe for an independrr�t ieal estate t�repoiting seNice nsed by : ,
<br /> � � Lendea in oonnec�an with tLis la�,anless applicable law pmvides oth�wise.Un�ess an a�reement is made or appiicable 1aw . ";
<br /> � � reqoir�s intaest to be paid,feader shall not 6e reqaired to pay Bou�wea any interest or eamings an the Funds.Bnnowa and . ..
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<br /> � ' • � ' � Leuder may agree in w�ng,hawevea.that interest shall be paid on the Fands.Lender shall give to Borrowea,without charge,an '�
<br /> . -, `, ,
<br /> . •.` aant�al accaunsing of the Funds,showing credits and debits to the Funds and the purpose for which each debit tn the Fonds was . . ;. . . ►:
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<br /> ' .;-------�-=---- made.'Ihe Fnads are p2edged av additional security for aIl sams secared by tbis Seciuity Insuument I _ ,_ . ,%i�''_ti
<br /> . If the Fands he2d by I.euder exceed tbe amovnts peaniued to be held by applicable law,Leadea shall accaaat to Bmrowea for , . ._ —.:r
<br /> , � the excess Fands in accordaace with the tequirements of applicable law.If the amount of Bie Funds held by Leaid�at any ame is ` ' `.
<br /> _�: . � - nos suf�cie�tt ro pay dte F.saaw Items when due.I.ende�r rnay so norify Sorcower in writiag,and,in such case Borrower shall pay
<br />• _ .- - -. to Leader the amom►t necessary w make up the deficiency. Bouower shall make up the�defc�ienayr in no more than rneive ; . • . ,Cj?-
<br /> � , _ �., .:��.
<br /> � monthTy payments►a+t Lendea's sole discretion. , '�:�:'
<br /> . , , Uiwn PaYu�ent in full of all snms sec�ued by this Sec�ity Inswm�►t,Lender shall prompdy refund to Borrowet any Funds ' , �
<br /> . ' � he1�by Lendea.If.under patagraP�21•Lendtt s�a11�4�ot sell the Proper�y,Lendea,prior w the acquisition or sale of the
<br /> - ' pmpeaty,shall appiy afly FunAs held by Le�der at the dme of acquisirion or sale as a credii agau�st the sums seaaed by this .
<br /> . ._ _ . . _'..�... . �
<br /> . . . . ge�iiSr Instmme,nt .
<br /> � �. . 3.ApptkaHoa of Payments. Qnless applicable law provides otheiwise.all paymeaits zeceived by Lendea uadea paragaphs .
<br /> � 1 and 2 shall be apPlied:fus�w airy DreAayment charges due nndea the Nate:second,to amounts payable�md�paza�aph Z; � �.�,. ,
<br /> � �. , ' third,w inteaest due:fouN9,ta prmcipal du�and 1ast,w any late chargrs dne undea the Note. � �
<br /> • � � • 4.Chargesi Lieas. Bortower shall Da}►all t�es,assessments.ct�ges,fines and impusiaoas atGnbutable to.the Prapeaty ; .
<br /> -- - _ .. . Nhicb tnay attam prioriry ov�this Seauiry InstzumenL and leasehold payments or ground rents.if any.Boirower sLall pay these �
<br /> .. �� . +�i ` obligations in the manner providcd in para�aph 2,or if not paid in tLai manner.Boaower shall pay them on tims direcdy to the ,
<br /> :. peason oweA paymenL Smrowea shall pmmptty famish W Lendca all notices of amoaats to be paid under this patagtaph.If i
<br /> Bonowea matces these paYments directly,Bonower shall prompily fumisL w I�dea receipts evidencing the payments. f.
<br /> ' Bormwer shall promptly discharge any lien whicb ha4 priariry over tbis Se�curity lnswment unles4 Bonow�:(�)agrecs in �
<br /> . °':� � .:._...:_. .�.. wrifing tu the payment of the obligatian seciued by the lie�in a mannea acoeptab2e w Lendea;(b)contests in good faith the lisx� � ; . . .
<br /> by,or defends against eaforc�ent of the lien in. legal proceedings wtuch in the Lea�der's opinion aperate w prevent the i
<br /> -; . -. enforcement of the lien:or(c)socures from the 6oldea of the lien an agreea�ent satisfactory ro LenBer subordinating the lien to ; ,� .
<br /> " . Wis Sec�uity Insunment 1f Le�der detstm�ues that any pari of the Pcopeaty is subject w a tien wtrich may aVaiuo priority over this i
<br /> :°'� ' � � gera�ity ins�trament,Lende*maY 8ive Borrower a notice ide�tifying the lien.Bonower shall satisfy the liea�or take one or more �
<br /> � . .� � � � of the actinns set forth above within 10 days of the giving of notice. ' ' _
<br /> Form 5028 9l80
<br /> � � ��HR(N�tasta) Payezofo tntu�s:-- ; ; .
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