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<br /> � ;<: ' �`'`��,', •. . '•_ Z��T�VI/TIT�I 8II W6 IiEi�Y0YE�12TliS AOFI OI I1�CT�Qll tll.°.p20�}1.aae c�ll ease�ss.a�p�ut�a�nce��
<br /> _ =_=;:t: ; : :': • fixuur�anw ar���t of tI�pmpeaty.Al1 re�pL�ae�nts and riddidons sLaU aLso 6�cav�by th9s Sc;earIty L�strumeat. "
<br /> ` �: - . A1l of ths faregaing is ec,��ernd to in diis Seciuity I�suamenc as the`�¢opeaty.°
<br /> _�. �,, �_ BORYtOWSR COVFNAAiT3'�at�a�rower is fawFuII�r seis�d Qi the esm�e h�reby�conveye8 8nd Gas t�c rigAt to�rant aad .
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<br /> . �..o cwmey tho P�ty and tbat the�Prope:ty is�meacambesed.e�cccept far eacumbisures of res�.�Baim�ved.w�'�ts and�ad}f '
<br /> - , ' • ' ' � defaW geae�sIIY t�e tide m the Fropeity sgainst ell claiins and dqmands,subjectm aay euwwm�aaaes of recard. • .
<br /> - ' `;;�`:.�.°'.,Y THIS SEC'iJiiiTY INS`IRtJNiFii�"eombfaes�mifoim oosrc�ts far n�oaal ase an�aou-caufmm�ts�c3dt8 timit$d� . ,
<br />��'� ;�,.�` var�a�nns by jtu�..�diction to aopsdtnte a unifaxm s�r ms�eat enverung m,�l prop2rty. , � ,
<br /> °; ' ;�: � � tJIJIIaORM COVENAI�PTS.SQtmwer�d I�der c�ve�t aad ss f�vv�
<br /> _ —.__ _ -i;�s�s�'�a�-:.t�°:�,"�Le�!� _ _--- �1 --- -:'?�l' �
<br /> �- ota�as�aaa. R�rr+}wat nmrm�t�,.r whQn A us th�• -
<br />— .. . —e— n - - . ---
<br /> � � . pr;ucci�al of aad ints�ston the debgevidensed6y the Nat�and aay pieyaymeut and tate ch�ges dne uader the Nor�
<br /> - �� � � ' E.Faa�s faa Te�es aad�nsarano� Snbj2ct to agpl�Cable law ar oa a�waiv�r by Lead�r,BaRnnwer sHall pay to , � -
<br /> � � _ Iemder on the day manthIy pay�sire d¢e�the Note,an�7 t�e Note is pa�d'm fall.a sum("Fimds'�fo�(o}yearly� .
<br /> � ` '�� �d e�ea�ts which may att23n'�iarity over t.�is Seauity Ins�mneat as a IiEn an the Pmpec�y;(b)Ye�IY l��o�P� '•.
<br /> � or gtomtd r�nts un 1hs Pmperty,if anY:(�)P�Y��F�F�Y�ce�:(�Y�h►���P�am�.if ``.-,
<br /> ' any:(e?y�Y m�Se insosanoe pseania�s,if�y;and(�eny sams payab2e by Bamawea to I�eader.�acca�oe w�L the � •-
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<br /> � � ::. `-: ,;�� pravLs'sons of para�apb 8.in lteu af the paym�nt of mmtgage u�ce ysemimuv.Thesa items are r,alIe�'Bs�xow Irr�s." =�;;_,
<br /> i` r.: `�`: ' �:" Lra�dea may.at any 1�e�eoli$Cl�d ho2d Ftmds ui eD SmOtmiltOl Id exCe�d the maiimnm�mounl8�dPi f�8 fed�lBIIy Iel3ied � =�s:�
<br /> �� . � <;•;
<br /> � ,`:;"`i;;:.; ,' s mortga�e I�may requse fos B�rrowar's escrow 2000uat und�a the fede�al Re�I.Fstate Seuteme�t Pmced�es�Cet of I9T4�s .'
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<br />= `:``=''�� emeuded 59m�to tim�12 U.S.C.S�tion 2b01 et seq. ('RF�SPA�,�2es9 anotl�a law that epplies to the Fimds seLS a I�ser :r;
<br /> that �t�
<br />_ �.� ` .;�` amouQt ff so;t,ender may.at anY Ii�collect�d ho4d Fands��an amount not w eaceed the tesser amaant I�endar siay :`�-`
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<br /> estimaie the arrioaat af Fuads d¢e an�ie�iasis of c�eni ifaiaanJreasona�7e estimates�of eRpea�ituces a?futiue Fsaow Ite�s+nr-.:..-_,-.
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<br /> " :��;4��';•;_�..• �< othetwise in ao0otd�ttce wii�aPPlip�2e Iaw � . � �...
<br /> %�Tr."����J,y';g:_ ';.-�#.-�. � �,FIIiIdS B1Jid16e hCld iD SD 1'05tIQiG011 whOSC d�BL2 iIDS�ed 6y 8 fCdedBt eg�Cy�iBStIIIIIICOf81iCy��C�tlIY(3IICIIIdiIi =
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<br /> .' .'1, ` ; ;' t`"'�,� . . Icade:r,if Le,uder is sucb aa instituaon)ar iY►any�I,�t�e I�n Ba�tc.Irnder sLaU agply tha Fmids to pay th�Bscco�n �.�_
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<br /> ;. . ... •- � Ite€ns.Lea�dea may Qoi c�arge Bosrower for holtlmg 8ne�a�styfag_theFmiifs,anan�liy analyziag die esa�w aocaunt,or.v�fq�g - -- . �--
<br />-��', ..���..`.c' ,. ' '�. t�e Bsao�r Items,mitess Le�nder pays Bouawes mtaest c�cine Fun�s and applicable 1aw pe�mits Leadea t,o maice s�L a cbazge. --
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<br />�_ �' ,''` r'--^ �. ---Hsw?�e�.J���_�y_rc�►c�_Ro�w�c�+�y_$an�time_sbsrge fo�ao indepeudeut real es�te tax n�a�tmg se�vicg_osed bY = -
<br /> r' -y Iendea in conn�cCan�vith this 2oan,anless sppti�ahle!aw provldes at�eaar3ss.Un2�s an a�w—i�.s-ma�app�Taw-- __ -
<br /> .-'�.,•'��, r�r e s i n t�s t m I s e p a i d.L e�e s s L a D n a t b e z+e q u s e d W p a y B o�o w e r a n y m t e a e s t o r e a m t n g s a n t h e F u a d s.B o i m w e r a n d � , _
<br />� .. ,T thai Intaest sl�all be paid on the Fuads.I�ider s h a ll give to Bonutver,w i d tout c L a r g e.an -
<br />"4 . � • Leader-may sgtee in wtitiong,kowevea. �
<br /> .,�..,tir.,, � annnal zocoun6ng of the Funds.ahowfig c�edit�and debiLs m the F�ds and the purpose for which each debit w the Furtds was f..?=''_
<br /> �;' ; �� ' '�,�' made.'It��Fauds are pledgeA as ad�itional se�itl+far aII sama s�cured 6y ttis Seavity Insuumc�t . -
<br /> �''�,,,.. , i Insuuw
<br />_ ;�;� �,�.`.;;..�'..j If the Funds held by Le�d�e�c�ed the amounts pamitted to be hetd by�plicable law,I.ende�sLalI eccaunt tn Baaawer for _
<br /> - �,"��.<. . ,F';.� � the excess Funds in accardance with We r�ureme,nts of apg1it�ble taw.If the amnuut of die F�ds he�i by I.ender at aay dme is �
<br /> .,;.�•;':�' •.
<br />-;;r, ';�� � , , .'.: uot sufficir�t to pay t�Q Fseaow It�a,s.�vhen dae,Iand�a�ay so notify Boaowea m wrinng,aad,m such case Basrmwea shaII psy .=---
<br />-- "�-4�,�-r���'.':'�����::' . m Lendea the amor�t necessa�y.w make up the deficiency. up e�sy -
<br /> Boaower syall matce the defici in ao moie tban twelve
<br /> ���E���ti�:,-� , n =-
<br /> r f`(���i� r � '�r .. $�"�L4i St I.CA�d S so�diSCdCttOn.
<br />- �1;;.t;;�� � �,�s p�ppu in fuil.of alt s�3ns sac�ed by tbis Seamity�istrumenL Lemder saaTl�omP?iy re�and to Bosro�ver attq Fands�
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<br />_ ,+�'�_�. ; fleld tsy L�ad�:Eff..un�a pardgrapb 21,Leadea shaD acquire aY seD We Pcaperty.l�der.Prla�fo the acq�iion ar sa�e of the _
<br /> ' _-- - - �1�Y,.�shaDl'�Cy.sa}r Funds heW by LeaBer�t the dme of acq�fsition�r sale as a iaedit agaiasi�.smns�ec�ed by this .---
<br />- -- SOqAity;Ins�at . . , � ,�.; . �.
<br />-_ R. �.ApAti�atiOn ot F�ments. Unteaa appii�able law psovldes othaaris�aU payme�s.r�eived 6y L�ender undea�arag�aDhs
<br />;� "� I aad 2 s6�il16e ayplied:first,tn anY D�P3Yo►ea►t charges due wider tAe Not�seennil,��aunm yayab2s.�u►der paragrapb x
<br /> �.a.
<br /> �=.�°r�'s�' .tdud�w intaest du�fourth,to yrincipal du�a�aast,to aay late charges due under the Not�, � ., ,
<br /> ' � s,�f�n. 4.Ctrlrges;L�eos. BurrowEr shall pay a9ll�a�.assessme�ts.cl�arges�fin�an�impositions atti,bnta'tile to the Property � _
<br /> .,` ``.: w8iich auain ov this Seca�i Instr�menb end Ieasebo2d ents or und rea� if an Boirowear sLaU a tt�e "
<br /> ''��,">��� �Y f� � tY P� � ts. Y- P Y �:'
<br />'-. ----`'�_= obli�tions in the manner provtded in paragaph 2,or if no;�¢ia that m�nea,Bpno�vsr sha�l pay m�on time d'aect3y to the s
<br />� �-�-�"'""`;T—�, p�sm�owed paymen�Bmm�r�r sha11 pmmytly famish t��ade�a11 aatioes of arauc�t.tn he paid uIIder this pa�a�gaph.Tf ==
<br /> �e
<br /> '���:. . ;) Boaowr,r maYes th�sc payments diiectly,Barrower slrall pmmptTy fi�nish pq l�nde�r��evidencing the payments. . G`�_
<br />_��_ • - .�,:: . Eonawer"s6a:i�romPtiY discharge any liea whicb has prloriry oved t�'5:s�u:iey�sttvmeat ual�s Botmwea:(a)�a�in . - �i:=�,:.
<br /> ` ,� :�' . ,�. wrldng m the paymeat of We abligation seaue0 by the llen in a manaer scceptabla w I�ender,(b)oor.t�r.s in good fairD the lie,n . .� '_`-
<br /> - k t�; ' by.or defands enforoe�eni of the Hen in,te wi�ich in d�e b�dea's inioa o m "" `
<br /> .,t�r�,,��;.,. • �� 8� Proceedin8s oP Peaaate Dn�'eat ttie �:
<br /> , ,y:;.�.,.:���,;-f eafarcemeat oi tDe liea;or(c)secures fmm the�o2der of tAe tien an a�neut sadsfaca�ry tu L�dca su�osdinatin��e tien to . . -
<br /> tbis Sea�ltyr Inswmen�If I,end�deteamines tLat any part of the pcapaty is subjecs w a lia�wAtch may atta�n ysiori��r oves this �:'.=-=
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<br /> ; . , _ ,-:�..J+y' E.=u�:
<br />_; _ �.:�:;;..,�:. 'sj,. • Searriry Iost�umeut.�ader may give Bomm:�a nadce id:ntifying the l�o.Bmmwea shall sarisfy�rhe lien or take oae or mo4e 6� °__
<br />�'� �;:y: of the acaions set faath abave withia 10 days af nie giving of notice. , -
<br /> . � . Fote7 3CZ8 9/80
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