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<br /> TOGETHER WITt#oll tlie impruvcmcnis now or heneafter crected an tlze pra�ny,ai�li casemt��us, uppl�rtenancc:,, nnd _
<br /> fixtures naw or herc�Rcr u p:u�t of thc prop:rty. AU rcplaccmcnts anci ndditions shuU alsa bc cavcn:d by ihis S«:urity =__
<br /> Instrwnent. AI!of thc forcgoing is rcfcn�al t�►in tl�is Sccurity Intitrument F.is thc"Pr�per�Y•" �:
<br /> BQRROWEft COVENAN'f8 that Baero�v2r Is Imvfully seiscJ of thc estutc hereby canveyed nnd I►ur thc riglit tu geont nnd
<br /> cm�vcy Ui� Nropc��ty und thnt thc Prop�rty is unc:ncumbcrc�, exccpt for cncumbrances of record. Dorrawcr wurrnnts and will
<br /> defend generally tlie tide to d►e Pn�perty nguinst nll clnims und demands,subJt�et ta any encumhrnnees of rec��rd.
<br /> THIS SBCUItITY INSTRUM�NT combines unffurm covenunts for�tZa(4+tet! usc und non-uniform rovcnnnts with limitect
<br /> vnriations by jurisdicdon to constiwte r��►i�iform scc��rity Instrument covering►•ers{ property. _
<br /> UNIEORM COV�NAN7'S. B�rrower und L.cndcr�nt ����Ate Chargra.�Borrowcr shall prumptly pay whwn due thc
<br /> �. Pj►yment oi Pr1nclpal und Interesto PrcpaY
<br /> principal of und interest on the debt evidenced by�he Note and uay pcep.xyment an�E late chnrges due under the Nate.
<br /> 2. FWnds ior Tpx�v and insurance. Subject to npplicabta Ic,w nr to n written wniver by i.ender. Borrowe�•shull pay to
<br /> l.cnder on thc day monthly payments:►rc duc undcr tlic Natcj.until thc+Nate ic paid in full,n tium ('Funds")for.(a)ycarly tnxe.S
<br /> nnd assessnients which may aetain prinrity aver this Securitp Instntm�nt av s►IiGn on the Propeny; (b)yearly lcaschuld payments
<br /> o;gmunci rents an tt�c Propccty,if a»y;(c)Ycarly hazard or propzrt)�insu�ulir..prentiums;(d)Yc�rly flood insurana%prr.miums, __-
<br /> if any; (e)yearly mortgage insurnnce premiums, if any;and(t)nny sttms pv)�N����bY Bonower to I..ender, in tzccardance with
<br /> the provisions of paragraph 8, in lieu of tlie payment of mart�ncn insurnnr�pt�miums. These itoms nre callul"Escrow Items."
<br /> Lendr,r m�y, nt nny time, collect und hold Funcls in nn umaunt ns�t to oxc;s�ct the maximum umount a lendr,r for a fedcrolly
<br /> related �ttoRguge loam m�y reyiaire fnr Borrower's eserow uccnunt untiz+r thv federnl Real Estnt�Setdemsntp�►ocoduees Act of
<br /> 1974 as air,:ended from time to timr. I�U.S.C. Scction Z6Ul et aey.("ft�i9AA").unless nnotherinw thut a li�s u�tU.Cunds
<br /> se�s a fe��r amount. If so. Lenc!er mny, at :�ny time, colluct and hnlcl,Funds in an amaunt n�t to exceeci the less:r an�ount.
<br /> Lender may estimatc tb�:amount af Funds due nn the basis of currr:nt df;t�zincl rcasanable estimates of expendiv�r�s vf Cature
<br /> L�scrow Itema ur othernise in Acc:ordr.:�Ge with appliciblt�Inw.
<br /> Thc Funds shall bc hcld in ir�► institution whasc dupnr,its urn insumd by u tc.dcrnl a�ency, instrumcntali:y, o.* endty
<br /> (including Lender, if l.ender is such c�.�institution)or in a�ty�rGdeml,Hmr�I.oan Bank. Gcnslcr shnll apply che Nunds ta�zc�y the
<br /> Escrow ltems. Lender muy uui tha�gc�arro���er for Noldin��nnd naplyinr t1►a Punds,annur�Uy unnlyzing the essrow aecaunt,or
<br /> vcrifying the Escraw Et.ems,unless[.ender pays Borrmver intcm,st o»tha�R«n.ct+and apP�icublc I�w permits icndcr to mukG Aucf�
<br /> a charge. However. I.end�r may require Borrower to pay s a��a•dn��ctira�v Par un independent re.'►1 estaa:tax xe(x►rting Serv�ce
<br /> usc�d by Lcnder in wnnection with this lo:u�, unless applfC.�l�Ic; !aw provides otherwlse. U�nless an a��r.ement i5 �nktdc or
<br /> applic:�a!�luw�equi�es interest tu Ise paid,I.ender shull not be rr.�,�uiral to pay ii�rrower any interest or enrnings on Ch�:Funcls.
<br /> Borrower and I..ender may a�rte i;x writing, ho�vever, that ititencst sBull bc paid un the Funds. Lender shnll give to�rri�wer�
<br /> o:itl:sss^.hsroe. �r_ �?nns�At uccou,;r��g of the Funds, showing credits nnd debits to the Funds and the puipo;�e far which each
<br /> • debit to the Funds was made.The�unds are pleciga�ci ns u�dittonal sc:curity fur;�1 sums seeurea dy chis�ecuriiy Insi�urr,�a�.
<br /> If thc E'unds held by Lendcr exc2ed the umounts permlUr�u ev be held by applicable luw,Le:ndcr shull accnunt to Ebrfower
<br /> for thc exass Funds in acconlance wlth the rec�uircments nf r:r,ppiicublc tuw. If thc amount nf the Funds held by i�ccida�r fl�any
<br /> time is not suificient to pAy the Bscr���Items wheu due.I.c;n�':cr mny so uotify l�onower in•wdting, and,in such case�to'r•rower
<br /> shall pay ta I.ender et�e umuunt nccessnry to m•rl.�up the deticiency. Borrower shull m�Ice.up tlie defictency in no mure thnn
<br /> twclvc monthly pu�rnenls.at I.e!H3ot's solc discreti�n.
<br /> Upon pnyment in full �f ali sums secured by this Security lust►ument, Lender shall pmmptly refund to Boxrower nny
<br /> Funcis hcld by I.cnder.lf,undcr prrngrapl�2l,Lender shalLtr.yulte or sell tlie Properiy,I.ender,prior to d��acquisition or salr,
<br /> of tho PropeRy,shall upply any Funds licld by[.ender at the iitna of acc�uisition or sula us n credit against the sums socured 6y
<br /> this Socurity Instrunxr,t.
<br /> 3.Appilcatbn oi I'Qyments.Unlcss applicable low provides otherwisc.all PaY►ncnts rcccivcd by Lendcr under paragcaphs
<br /> 1 and 2 shal!be applial: first,to nny prcpayment charges duo under the Nate; second,t�amounts payable under par�graph 2:
<br /> thicd.to intcrest duc;fourtl�,t�prin�ipul due;nn�l last,tn any lxtn cl�arges duo u�xler the Not�.
<br /> A.Charges; I.kn.9. 8onuwer shall (x�y all taxcs,ussessments,ehnrges, Cnss and im�ositions uttributablo to the�'ro�rty
<br /> which may attain �riurity ovcr this Security G�strumcnt. a��d leaschold payments or grou�d rents. if any. 13�azower shall pay
<br /> these obligntians in k►.�manntr provided in pn��ra�ph 2, or if not paid in tl:pt mu�nner,Borrower shall pa��cherr�on tlme dircctly
<br /> to thc person owed P�lynknt.8orrower shall promptly furnfsh to L.ender ail�notices of amounts to be pu+�undcr this paragraplT.
<br /> if&acr,ower makcs these paynxnts directly.Borrowcr Fhall pmmptly furnlsh to Lendcr rcceipts cvide�xing She puym�:nts.
<br /> i3nnower shall promptly dischargc uny litn which hus��7inrit3r over thte Se:curity Instrumcnt urdess Bnnower: Ea).hgrxs in
<br /> writing ta�ha payment of the obligation securcd by tl�c licn i�A mannar ncceptablc to Lender; (b)contests in goal futtl�!hc lien .
<br /> by. or �u fends a$�i.nst enforcement of the lien ln, le�ul psoceodings �vhich in the Lender's npinlon n,Fcrate to prevent the
<br /> cnfor�,�mont of tti�e�ien;or(c)r�ocures trom tho holdr.r of tbe 11tn an ag�ement satisfacwry to J.endcr eu�ordinatin�thc licn to
<br /> this Sccurity Instniment. If Lcracir.r dctcrminea that m�y purt of tlie Property is sub,je Vt t�:a lien wfiich may uttain�rio�hty over
<br /> this Sccurity Instcumcnt, Lc►xter s��i�y givc Borrowcr a noticc identifying the licn.Bom:�HCZ Khall satisfy thc lien or take one or
<br /> nwrc nf thc actions set fi�rtl�abovC within l0 duys of tt�e giving of noticc.
<br /> ' Form 9018 9/80
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