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<br /> _-__ � , TO�ETpI�Yt.NITH aS2 the im�rovame,nts aocr or h�fte�'cncted aii tt�s pra�erty.a�d�1I�ise�ents,a�art�;�� :,
<br /> -- , fu�tvres rsocv ar ��r`e�fter a paiq of the.gmpeccyr.-A!1 regltic�en�.s�a�d�ditions sIiaii $Yso f�s co�:e�ed by`.shu �c�ri�Y .
<br /> - , Iasstumea�.A1D of t�e i'an�ontg is referred to ia thps�e�.�t}Iasuume�.:s ths'Pr�riy.' � � _ '
<br /> -- - � B�RRQWER COVEN.AIVT�th�;Borcc3�¢z fs tawfulJy se3sed of th��te he�eby eQnv�y�aasf 6as tt�riphttt�o gr�ni sttt! • � _
<br /> -__� - • ro�ive�.t�e.Px��crty�th?t tt�e I�petty.is�mencumb�red.except for encumbrffi�s of ceeQnd.8ormco��rartazets�d wiEl . -- -_---
<br /> _ , , defead g�nerally�tttee tide ca the pruperty against�tl claim5.aad demands.sub,j�t to aay easumbtaroes o�re�rd. " ,. ` - , — -_
<br /> � . TE[IS.SECiJRITY INSTR'l311!�PIT eomhi�s uni4'orm oovenant:�fos na�anql u�e and naa-uni�'�rm cover,�nis witi�limi�.
<br /> -- - = •` v���.,*ians 6Ey jar+sdi�xion ta ca,c.�titute a wufarm ses�vrity i�t►vmeat covering i�eal pr4p�rty. • �_ ' � . ` r-
<br /> _ " iJATI�ORM C�VEPIANfS.Borrativer and I..eader cave�it am1 agtee as folloa�s: ,
<br /> - i.P�y�ent o�•Princtga!and i�teresY; �egayment aad Late Cl�a�es. Eormg�ec shall promptlY P�Y when d�te th� � _
<br /> -"" .Pruteiaat o€arfd�fer�-c�th¢d.,^bt eviQ�by ti�N�te�a�piepa��and!a*.�ch�s d�ander the ATote. . , �—�-- -
<br /> `�-�- � 2.Fenu�fnr Taxes aad Iras�noe.Subject ur appiirable la�a or to a wcitten waiver by Lender.RQrrower s�all gay to ° -
<br />-�''-'-'- Leudet�bn the duy monthlY paYme�us ate due uader the Note,uatiI the Note is paid in ful�.a sum l'Funds°}for.Ea)Y�ly tax�s .
<br /> - and assessmea4s wiuc8'may attain prio�ity over t�,is Secu�ity instrametrt as a Cen oa the Pmperry:(6)Yeaa1�teaseho2d paymects .
<br /> -�- or gmvad r�uts on the Fraperty,if any:(c)YeariF h�zard or praperty insurance premiufas:(d)YearIy fload iasaraace pr�minms:
<br /> :�;.;:_� if any:(e)Y�Y�ort�e i+mr���P psemiums.if any:and(fI anY sums payable by Bnrrowu to I�er.ia accordaace�aith , _ - --v._
<br /> -�W the provisions of paiagraph 8,in Eiw of the payment of mortgage ituurartce premivms.Th�se iEems are called"Fscxow Items.`
<br />__ _ Lerder may.at any time.coltect and hold Fnnds�n an amount noi to exceed the rna�a amount a lender fos a.f�er�aliy �
<br /> —= mlated martgage loan may require for 8onovier's essrow accoa�aader the federaf Real Estate Sealement Procedures Act of -
<br /> v_�a 1974 as amended from tin�e W time.12 U.S.C.Seaion 2601 et seq.('RESPA'},unl�s anoth�r law thai applies to the Fuads
<br /> ----= sets a less�r amoant If so.Lender may.at any ame.oollect�d hnld Funds in aa aacouai not•to exoeed the lesser a��^*-
<br /> —_ [.ender may estimate t�amount af Fauds due op the basis af a�rrent data�d re�`onable�stimates of expe�ditures o€fu�e
<br />-_-R-;=s . Foscrow Items or otiteiauise in accordance aittt applirable Iaw. ° . • _ -
<br />���^ �The Funds sbatl tre t�ld in an instewdon vrtvose deposits are insured by �federal ageacy. insutim�lity. or c�iity _ �,��
<br /> tincl'r��I:emder.if Leader is su�'�institution}ar.inazry Fedecat iiome Loan Bantc.I.en¢er shalf apply tEe.E¢�t�pay the ���J�
<br />_�=�.� Escrow IEems.ixnder may not charge Harrawer for halding aud agplying the Fnnds,aanually anaiyzing the esctnw�tva�nE,or —__- -
<br /> _- verifyiag the Fscrow Itenis.unless Lender pays Borrari�er interest on the F�mds and applicabie law pemuts Lend�t��:�-uch
<br />�� a c6arge.However.Lender may reqnire Barrow�to gay a one•time charge for an indepeadent real estaLe ta��x�secvice
<br /> -�-� us� by I�der in connection with this loan. un2�ss applicable �aw pravides othercvise. Unless an agree�..i� made or � .�
<br />_-_ apprcable►aw requires interest to be pa�Q i.ender shall not be reqvired to pay Borrower any interest or eam��on the�a�ds. r _
<br />-��!�`� Borro�ver and Leader may agree in wiiting,however.that iatenst sGall be paid on the Funds.Lender s6all give to Boacttarer. ���
<br /> �vithnut ehargeL an atmual accaunting of the Funtis. showing c[edits and debits to the Funds and�the purpose for whfcfr�e6
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<br /> � debit to the Fu»ds was ma.de.�i'c�e Fuads-are pledged as add�uonat secump'far ag s�ns sECVied iry iTms�fyim-numeaf: _... .T=�:.'-'"'�'-°-----
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<br />�'�:�-� If the Funds held by Iender eaceed the amounts permitted to be held by aFplicabla taw.Lender shail a�eur;m tn Botiower ',�._
<br /> �:'�;±,, � for the ex�ess Funds in�rsordause with the mquiremeaus of applicable law.IIf tk��..ount of the Funcls hel�Ir�i Lea�er at arry' !�_-_
<br /> -r�'.'/'t`.'�� ame is not s�tficient W pay the Escrow items when due.Lender may so rcodfy&>vrower in writing.and.in suc�s8se Hbm3arer p� �,- ___._
<br />-:;_'�f6e'� C��.��--
<br /> --: shall pay to d�tder the ainaunt necessary to make up the deficierscy.�osmwer shall make up the defeciedcy in no inor�t�an
<br /> �:'_��� twelve monthly payments.at Lendei s sofe discretion. � , ' � �
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<br /> �':� ' Upan payment in full of all sums secured by this Se�vrity tnsuument, Lender shal! prompdy refaa�to Eorrower mry
<br /> '���°t � �nds held b l.cnder.If,under aragraph 21.Lender st�all ue or sell'the e I.ender, rior to the a wsition or sa�e �,��.
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<br />`-�'�_��� ' . of the Property,shall appty any Funds hetd by L,ender at the time of ecqvis[don or sate as a credit against the sums secured by
<br /> ;'�'t this Security tnstrument. - ����:l�•
<br /> _.� 3.A,ppltcation of Payments.Unless applicable law provides othenvise.all pay�nents recEiv��i by Lender under paragaphs r��_:
<br /> ���� t and 2 shall be applied:fL.�t.to any prepayment charges due uader the Noce:s,e�:td.to amounts payable under paragraph 2; r��- �
<br /> '°��- cfsi:�d.to interest du..;t'auniz.to principal due:and last.to any late charges due umi�.�r the Note. �"�° r=" �-�--`�-
<br /> = 4:(�suges;Lien9.Borrower shall pay al!taxes,assessments.charges. fines aad imposi6ons attributable to the Property _-
<br /> , ��,�r,li.crray astain priority over this Saturity Instreiment.and leas�{:ald payments or�round rents, if any:Borrower shalE pay ;�,Y ;.,�-
<br />- ,�� �.':ese obli�,lcs in the manner proviGed��paragraph 2,or if not�:ui�in that manner,Borrower shall pay them on time directly .: �'.:�.;; -'r
<br />_—•" co the pe..*son a�ved.�.��n�;�.Borrower shall prom�.t�-C�lnush to Ixnder all notices of atnounts to be paid wr,�er this paragrap�. ��"= °''�
<br />-`�� If Barrower make�tii�e�iments directly.Borrower sha11 promptly fumish to I.ender receipts evidencir�,the payments. "�:.� -"�`��
<br /> �-� Borrower shail protr:ptly discharge any lien evhich has priority over this Securiry Insttument unless 8orrower:(a)agrees in ,"_�:'_�
<br /> `� writing to thepayment of the obligation secured by the lien in a manner acceptable to Lender;(h)cmntests in goad faith the lien . ,;:.�t:.,`....:*t.
<br /> -��= 6y. or defeads against enforcement of the lien in. legal proceedings which in the Lender's opinion operate to prevent the • � - ,• �,,.�4:>i;�...,
<br /> ^ '� enforeernent of the lien:or(c)secures from the holder of the fien an ageement satisfactory to Lender subordinating the liea ta : •
<br /> . this Security lnstrument. If Lender detennines that any part of the Properiy is subject to a lien which may attain priarity over
<br />--_-_= th;s Security InsUumm�t.Lender may give Bonower a notice identifying the lien.Borrower shall satisfjr the lien or take one os . . . .
<br />- -:� more of the actions set forth above witfiin 10 days of the giving of aorice. '` �f� � � : �
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