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<br /> � TdvE?'I-�'ER WITH all the im�rovem�ents r.ow �r h,.^reaft�r er�ted on thc pr�perty.and 2T1 easeme,�ts, appurtanances, and
<br /> nxcurw nov��r trcrear�cr a pan of che propaty.A;i re�3�cemer�ts a�d a�dirions shall alsc be:,ovezed by this Securicy Instn:men�
<br />"���R " Al?�i the forcgoing;s referre�to i�z thi�Security lnstrumen�as the"Properiy"
<br /> BOR�OWEtt �OVENANTS tha,t Borrawer is lawfully seis�of�.he es�.te hereby conveyed and has U'�e n.ght:o grdnt and
<br /> Lonvey thB Property anci thaz �'�e ?roper�y is ur.encamberad;ea�t�pc for encambrar.ces of recc►rd. Berrvwer warrants and will
<br /> � �efenc!gcreraiiy!h�ti�ie to the Pmper��against aII claims and d�;nands,subjcct to any eacumbrances of recotd.
<br /> I,�_#� Tf�3IS SECLTcITX PVSTftJMENT combines uniform cov�ants ;qr c�tional ust and non-uniiarm c�venanLS wi�h limited
<br />�,�.�� rfzri<�tions by jurisdicdor.to constituce a urifom s�urity insrr.unent cavcaing real properry.
<br />' � �,s LNIFQRtv�COVENFu�;TS.Eorrow�r a,nd Lender cover�nc an�agree as follows:
<br />��'�^I ' P'.a°ment af�i, � •
<br /> �j�; A• � :cipal anc..In.erest;FreFaymeni ana�.ate C7arges. Bo.-rower shall rnompdy pay when de�e the
<br />��;�°r� principai of a^�irterest on the debt evidenc:d by the Note and any�+repay�cn�t and iate cEtarges dae under dze Note.
<br />���� 2.t�u�d.�for Tazes snd Ios�rance. Sebject to 2pp!icabIc law or to ,� writien'wniver by Lend�, Berros�er shali pay to
<br />�,���<
<br /> Le�der on the day ma�G71y FaymenLS are due under thc Note,un�i�he Note is paid in fall,2 5um("Funds") for. (a;y:arly tazes
<br /> and assessmcnts which may auain pr.ozi.ry over this Secarin• Instrument az a lien en the Property;(b)ycarly leasehold paymens
<br /> or ground rens fln the Pregez�t��,if a�y,(c)Yr<irly h.az3rd o:prope.rLy�s,,uance Premiums:(d)Yearly fiond i.tii-urance prp..miums,if
<br /> any; (e} y�riy marigag� insurance premivms, if any; and (t; ar:y .rsms payable oy Borrower to Ler;der,in �ccordance;v�th the
<br /> ;� �.� g:rovasions of parag:aph $, in Leu of �;e pzyme:i. of mortgage insiva.�ce preaninms, 'I1�ese :tems arc called °Esccow It�ms."
<br /> F.rnde*msy,at any [ime,ccllcct anc� h�ld Funds'z ar. amo.��t not to ezt,eed the:naaimum arnount a lender for a fed�aL'y related
<br /> n.orL�aEe :a�„ m�y re.�u:re f�r Borrower's escrow ac�our-unde-the federal Re�I Esta� Se�;ement F'rocedures Act of 19'l4 as
<br /> amen�ed fir;� Wne w time, 12 U.S.C. Sec�on�601 et s�q. ("�2�SPA"),unlexs azroth�law that arsplies ta tne Funcis sets a tesser
<br /> ameunG 1f so, Len�er mav, ac ar:y h:me, coL►ect and hold Funds in an ar.iou^t not ;o ezceed the lesser amoun� L,en�er snay
<br /> es�G,the arr.QUnt of Funds due on the basis of current data and re2soct,biz��tes of expendiuurs of futwe�row Items or
<br /> o�h�n�::sc in ac;;erd::mce�vith applicab'i law.
<br /> ihe rur.d� shall be held in zn institution o�hn�deposis are in„^s.red by a federal agency,instzumentality,or entity(includi�g
<br /> Lender, if Len�ir;r i� such an i�-�stituticn; cr in an}• Federal I-�ame Loan Bank. i.end�shall apply the Funds to pay th� Escren•
<br /> ltems. �er,d.: rnav r.ot c}�arge Borrcwer far hotdirg and apptying the Fends,annually anal;rzing the escrow x;,ount,or verif;ing
<br /> ;hc Escraw I:r.ms, unle.es Lende:pays Barrow•�inierest on the Funds and appl'scable law perrnits I.ender to make such a charge.
<br /> ,�� However, Lcn:i,�r ;nay requ�re Borrowe: t� gay a one-time cha:ge ior an inde�;ndent reai estaie tax reporting sen�ice useci by
<br />�';', L;rd�r in ccnr,ecaon wit� this loan, unl�s applicabie law provides oherwiee. Jnless ar: agreemertt i� made or appiicabl� taw
<br /> �4.� rec;��ires :nt�pest tn '<?e �aid, I.enuer sha41 not be reqsir�d to pay Botrow�r any interesi or earnings on the Funds.. Bonowe;and
<br /> : �� i.ender nia.y ag:ee i7 wri[ina, howevtr, ¢t�af interest shall be paid o�n Che Funtfs.Lender shait give to Borrower,without charge,an
<br /> �-' annuai accinnting af th�Funus, sha-.ving credic�arid debits to the Fundc�s� the purpose for which each debit to the Fun�s was
<br /> madc.'I'�e run�s are�ledged as additional security fo;all sums��ureL�by ihis Stxutiiy InSfi:mettl.
<br /> : �„ If the Funr�s held by i..enrt�r ezceed the amouns xrmitteti to be helu by appli;able law,Lender shall�ceunt to Borrower for
<br /> -�<. �
<br /> ;"^ t}:e exeAss Funds in accordance w:th the requirements of 2pplirable law.Ii the am�unt of:he Funds r,eld ty Lender at any time is
<br />�� ' not sufticient U�pay�Y;e Escrow Iter��s when due;i,;,nder a;ay so r.eti*y Bc�row�=n Rzicing,arsd,in such case Borrower s}:all pay
<br />�~ te Lender the arr.c;unt necessary tc make up ihe deficiency. Borro;vcr �hall make up the de6ciency in no more than twelve
<br /> �.��f mon�hly puyme:�ts,ai Lcnder's sole dis�;e�:on.
<br />����+�' Upon ga,rmer:,ir� full of all sums securAd by this Security Instrument,Lender snall prompdy reiur�d to Borrower any Funds
<br /> ;;�• hell �y Lr�der. If, under �aragraph 21, Lender shall a.�quire or set3 the p:-operty, Lende�, gri_nr ta the acGuisition or sale of the
<br />.� 'r�pe�ty, shall agpiy any Funds �?eId by Lende* zt thQ +1me af acquisition or sale as a creclit against the sums secured by th�s
<br /> Secuztty Instrumer�t
<br /> 3.A,p�iir�tion o4'Fayrrienfs. Unless appli:z�?�i�w pravides otherwise,all papments re;eived by Lender under parugraphs
<br />"� '�� 1 r±nd 2 sha!1 be applied: first, [o any prepayment charges dae under the Nete; sec;»�d, to amountc payable ur.der paragraph 2;
<br />.�.�. t��ird,to interesf due;fourth,to pri,-�ci�al�ue:and iast,to'any late charges due u�dec the Note.
<br />��^ 4.e���rges;Liens. Borcwer sha�l pay a;i axes, a�_sessmenL, charges, fines aad impositiens aurib�table to the F'roFem�
<br />�� e
<br />�:�� which �*+ay attain��riorit�over this Secr.ri.ry ?ns�rument,and leaseho!d payments or ground rents,if any.�loirower shal;pay these
<br />�"°�ry� �bli�at�,x�s in thc manner pr�vided in pr,ragraph 2,cr i*not paid in that m�tnncr,Eor,na•er shall pay them on time direcdy tc the
<br /> �xrser, ov;ed •;�;:_,ent Borrower shall rom 1 fumish to L,end� all not�
<br />,.�;� P P`Y _.e.� oi amounts to be paid ander this paragraph. If
<br />� N� 3�r:ov�; r^�kr,s thf��:�psvmcnts d'v�xL'y.B�:,rrower shsl promptly Curnish te Lender r�eipts e�ridcncing the oayments.
<br />�x��� �3orr�a�.�,:, ��i,-.", }�r:�:,:;;;+;< <irsci�,.-ge any lien v,•firch has Friority o�•er this Securiry Instrument unless BorrowEr: (a) agrees i�
<br /> � writing �o the �aymr.nt of�he obiigation secum,�l by Ehe lie:► in a manner ac�p4�ble to I.ender; (b)cont�sts in gt�od faith the lier,
<br /> '�"s�: by, or defer,d; against ��;;,:�me*:t of �e Iiee in, IegaI prx�tlines which i� the Lender's o ini�n o
<br /> P peratr to prevent tne
<br /> r.�„,�Y enio:ccm�nt nf the lier,; �r (c) sec�sre,� f�,,m the ho1�-.,r of che lirn 2n a�^nx�r�er,t satisfac;ory ta I.end�:r subordin,�tin the tien to
<br /> ��:�.
<br /> ;� tnis Se:.���ity Tns�ri2rnent. If L�nd�r det:nr�ine�L`:a_�^,y part of the Property is subj�?to a�r,n whic:h may actain priori[y�ver this
<br />��:�'�=�� Sccuriry :nst�smer.�, Isnder mav give Bc*mw;;:a natice :denti�`3�ing the lien. Be.*rower sha1l sa?is{y thz�iei;or tafce on�or more
<br /> '�, cf L'�c.act:or�s�.;forth aha�e�vit�`�in iv�?a;s ef�he giv;ng o_`notice.
<br />�� Form 302A 9i3a
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