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<br /> r.�'`�---�'-,� TOdETHBR W1TH alI tha impmvomenta now or benxRer eratod oa tho property.and ail easemsn ��;����.u�d �
<br /> `;;'.��,'�`• Axtuns now or hen�tes a part of cha preperty. All nplacemenca and adEfttoAS ahail alao be covend 1sy �his Securiry �•
<br /> -�_�:�., faatnuaeat.AU at tba foregoing is refesred to ic►tAia Savdry lastnunent�s tize°FeopeFty." �`
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<br /> HORROWBR COVBNANTS thu Borrower te liwNlly aelaed oi the eauu henby eonveycd wd hta the dght to gnat u�d _-
<br /> ---"'='= wnvey the Property Aad that tha Propetty Ia unencua�bered�exr.ept tor encumbranoes ot c�ord.Borrnwer watrnnta wd w111 6r'
<br /> ---..�-- defend generally�he dtle to the PtopMy�g�iaat all cl�ims and de�nutds,aub)at to eny eacumbrarnxa of reoard. �_
<br /> ••;."�,, ;, THIS SECURITY 1NSTRLJIdIEN�'combines uniform coveaanta for iutioml use and tton-wdfona covwtanta wtth limited __
<br />'`;��..;�-� . varIationa by Judsdicdoa w oonatItute a unifo:m securiry inurument oovering ral property. __
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<br /> .��a:.;�y�.. UN]PORM COVBNANTS.Bor�oaer aad Latder oove.n�nt and ag[ee�s foAows: when due the
<br />--__=``��� 1. �ayauat ot iMnctpal aad Iaternsti YnPsrnaat aad I.nte Cl�a. Boreower ahstU P�mPUY P�Y
<br />:�=�°�E• prtncipaf of aad Interest on the debt eWdencrod by the Note aad any prepayment aad late charges due under ttte Note.
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<br /> '°���< 2. Fund+�ur Taxas and Imnramx.SUbject to applieable!aw or m a written w�iver by Leada.Borrowet ahaU pay to
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<br />� ---_:� Lzader on the dty moaWy prymenta aa�e due w�der the Note.wxW the Note is paid ia tWl.a aum('Funds')for.(a)Y Y�
<br /> -=-'-'�="' and asaessnneata wbicb mry�asin prlority ov�tbia Seauit7►Inatiument u a Uen on the Property:lb)Yeuly tasc+�old piymena
<br /> --�=.� or grouad rents oa the Propezty.�aqy:te)yeuly hauzd or praperty tnsuraaoe premiwna:<d)Yeafly flood iaaur�aoe premium=,
<br /> i f aay:(e)Year ly mo rtg�e i a a u r a n c e p n m i u m s. i f a u�►:a a d(fl a n Y a u m s P a Yabls b y Bon�owar to I.eader. in a000:duroe wtth
<br />'���-`�_:� � tke pmviaiona of parag�ph 8,in lleu of the paycaant of ntortgage Inauraaca premiums.'17use items are called'E4ciow Itenu.' _
<br /> L e a d e r m a y. a t w y t l m e� c o l l e c t a�d h o l d F u n d a f a a a n m o u a t n o t t o e a a e d t h e m a x i m u m amount a lmdar for a federdl y
<br /> ----�� relaud u�ortgr+ge l�a�y+ �equire fos Bon+ower'a eserow account uader tha federat Real Estate Settl�ment Proccdura Act ot
<br /> — - 1974 as emendcd feom time w timie. 12 U.S.C.Scaion 2601 et aoq.('RBSPA").uuless anothe�law that appUa ta the Funds
<br /> `- sets a lesser amount.I!ao. Lcader msy,at any dme. collect acd hold Funda fa an amount not to excad ihe Iesser�uat.
<br />�--_�;,�s,'�. I,endcr may esdmau the amount oi Fundo due on tlte basla of¢urnent data aad reasonable estimata►of e�cpeediturGS ai l�uture
<br />-Ty��., Facmw Items orotheewl�e in i000rdance witb applic�ble luw.
<br />__�"�..� 'fhe Fuadsah�ll ba he�d in an inatitudoa whosa deposita ane instuod by a federal agan�y. iastsum'uuliry. or entity
<br /> -�� -, (includinx Lenda.it Leudsr ta sueh an InsHtution)or tn eny Feder�i Home Loaa Bank.Lea�tar ahall apply the fltad�to p�r tha �
<br />_�_,�:��� � Escmw Items.Leada miy not charge Borrower for holdIng and app1yiag ihe Funda.aaauallY an�1S►�n8 the eacoor a�ocamt,aY ,
<br />-`"'"°�..a��- ., vee�fyIng the Esaow Itema.unlesa Icnder paya Bon+ewer intere�on the Funda and applicab2e law permita I�eadsr to mke s�h
<br />- �` a chuge.Howaver.Ireoder may requin Bortower to pay a one•time charge for u►Independsnt ral�sta4a wc reporting servloe
<br /> --��h�: uacd by Lender in conaecHon wittt tbts Iwn. unlas appUcable law provides othenvis�. �Jnlas m agcameat is made e�r
<br /> �__ =� applicable!aw nquins t�terat to be paid.I.eader ahalt not be requircd w pay Bonrower a�►intenst or amIng�on the Fund:.
<br /> ;� Bormwer uW Lender mry agroe in wrldag,however.that�nterest shaU be patd oa tde Fuada.Lendar sh�U g[vo to Bomawa.
<br /> -----�.,�y whhout clutge�m� a000unting of the�unds.showing crcdits md debita to the Funds aad the pnepose[or whS�acL
<br /> ---- ---=�-� debit to tt�e�nds wta made.lhe Funda are pledgod at addidoml accurlty for a11 aums secured by thia Sewriry�osuumeat.
<br /> -v..� Ii the Funds held by I.eader exaecd the amouate permitted to be hdd by appltctble Iaw.Lender ehall nxouei to Borr�wer
<br /> ---_� for the exeess Ftmds[n�exordaaao with tlte requirnments of appHcablo law.If the amount of the Funda held by Leada ai�ny
<br /> � dme ia not auffideat to pry the Escrow Items when dua.Lender may so nodtjr Bonawer in ariting.aad.in auch ase Bormwa
<br /> _ �.� sh�ll pay to L�ecder the�monat a�►to malce up the dcficicncy.Borrower a1uU make up the daficien�y in no nrore than
<br /> .�--a twelve maathtY 01Y�a•at Lzader'a sole discredon.
<br /> --- UPdn PaYn�t ia NU of ati aums sec�u�ed by this Socudry�nmum�t. Le�ter shn11 PmmpttY ntimd to BvsrowCr uq
<br /> = Fw�ds held by Lander. It�under paragr�ph 21.L�eader ehaU ecquim or sell the Ptopaty.Lendar.Prtar to the�cquttitton or a!o
<br /> --= o�th�ProP�Y��11aPP1Y�Y Fuada held by I.endea u t�te time of acquialdon or atle at a credit against the aumt aeateed by
<br /> ,- thia Sxudty Luttumeat.
<br /> -�; 3. Appltcatlon oi Paymeuts. Unless app�icable law provldes otheiwise, all psymaua recaived by I.endet �mder
<br /> - paregrapha 1 and 2 ehaU be�pplied: fMt. to anY P�Y�t chargea due w�der the Nooe; seaond, w amounts payable under
<br /> � paragra�h 2;thircl.to intenst due;fousth�to prluclpal due;and leat,to any late chuges due under the Note.
<br /> - -- ` 4. C�wugtsi Liens.Borrowa shail pay eli Qaxt�.essessments.cttatg�.lfittcs and[mgasitians atteibuiAbla W the Fiv�,�► °
<br /> r wLich may actata priarlry over tLis Sxu�rity Wsaument.and leasehold paymenta or ground renu. if any. Borro , rbaU pay
<br /> ��� theso oblEgatiam in the manner provided in puagrapb 2.or lf not pafd ia that manner.Bo:aower shafl PaY.�nd�a�ltlitectly
<br />--____.�� to tha peraon owed payment.Bomoiver ahaU prompdy tLrniab to i.ender al1 nodas oi amc>vrm to be paid under tt�fs pa�nph.
<br /> --.��--" It Bomower makes these paymanta diratly.Borcaaer ahail promptly Pomieh to I.endcr reaipts�videacing the payaroent�.
<br /> _-�����:'. Bors+ower�sit promptly discharge aay liat wbich has priortty ovu thia Security Ipsnument unless Bort�ower:(a)�ia -
<br /> :..Y -��= writtng to the payment of tltc obligation aecund by the ldat ia a mannar a�xcptable to Lender:(b)contesta in gaod faith the lfea _
<br />'-"�':;.� by. or defends�g�faat eaforament of the lien in� legal procecdinga wAirb in the Len9er'a opInioa aperue w proveat t6e =
<br />;:�._�:^;:��;
<br />----- e n foroemeat o f t he l ien;or(c?secures f rom t he ho I der o t t he lien an a grament satiafacto ry to L�eader suboidiaa t i a g n'he lien to
<br />--�.:�,�.� this Securiry Instrument.If Lender determ{aes t�at aqy part of the Pmperty is subjca to a liea which may attain p�tofity over _
<br /> --.•---�•�- this Securtty Insuument,L,ender inay give Bonower a nottcx tdendfytng the Iten.Borrower sha11 satisfy the lfen or take ona or
<br /> ...�� � mon of the actioas set Sorth above within 10 days of the g{ving of nott�.
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