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<br /> , T�OfiEII�F.It WiTH all the i4uprovemwts naw or haeafta eYect�ed aa We propeny.and all a�se�tidnts,ap�u�qanca• , '
<br /> - ` and fix�aaw ar he�safteE s put of tl�e p[opaty. All oeplaammts and sdditions sh�1 alw�ba cavaod 6y tius Seciuity ,�
<br /> . inso�u�ent All of the f�oriegoing is cefemd w m tl�is Seauity insnummt as the"Pr�eny." .
<br /> , � •BORROWFR O�VENANTS tbat Borrawer is IawCuIty seised of tLe tstate[�eby eonveycd and t�s ttae right w grant '
<br /> --- � . and convey tfie Roperty u�d tbat ttx Ptoputy is�nm�wmbered.except for encuinbranres of recad. Bo�mwa wamats and � �
<br /> • wt�l dofend geoeRttjr the titk w the Phopecty against aU claims aad demands.subject w aay encumb�s�of necord. �
<br /> _. ._. T[�S SECURITY INSIRUMENT combines wifam coven�nts fa nauonal�tse and nan�emifo�m oo�enuits with�,
<br /> � limiced,w�aiaaaos by jurisd'icdan t000astin,ce a uniform securiry�nsu�++±Pac covecm8 ieat property.
<br /> .�1JNffORM COVEI�TANTS. Bormwer and i.ender covenazit and agnee as foQows: •
<br /> l: Atymait d Pdedpoti sad Lterat;Prepsyment aad Latt C6srges. Rorrowet shal!promptly pay arha�dae the ,
<br /> — priocipa!of and inta�st an the debt evide�bY tbe Note and anY Pi'ePaSrment and late charges du�m�der the Note.
<br />= i F11uds for 71��es a�d Iawra�e. Subjxt to applic9btelavr or w a waitodn waiver by i,ender,Barower si�U pay ta -.
<br />_ ' . Leoder oa t6e dzy tnonthty paymenc�are due m�der the N�tmtil the biate is paid in fuli.a su{n(".�unds"T for:(a)Y��Y
<br />'��Lr' tues and assessnxrus wltich may auain priority over this Secuciqr InstTUment a$a Iiert on tUe Ptoperty;(b)Yeady kasehold :� .�.
<br />-=si WYments or grom�d nents an t1�Prnpe�ty, it any; (c)Y�Y �a F�nY i'��"*'�e pnemiwns;{�Y�Y � '`��';'
<br /> ins�ce if e mort a insurance "ums,if ;aad ifl a�sY sue�payable by Bocrowa to `. �•`���,..
<br /> �u�. �li:t )Y'�Y S 8� P� �Y
<br /> . _ I.ender.a1 accotda�e witte tt�e pmvisions af�apb 8.ia Heu of the pa�eat of mottgage insucar�se�easi�: These _ _" _. -- -
<br /> items are calted"EscroKC Items." l.enda may,at any time,coIIect aad hold C�r.ids itt an am�oUnt tla w escaad tfie maximum�
<br /> - amouat a iender for a€eder�tly i�eiat�tl mortgage taen=may ceqa�for B�uwePs escrow,account a�des eY��3t:Real
<br /> . .� Fstate Setdement Ptoced�ues Act of 1974 as amended from time co tiene.l2[FS.G§Z601 et s�q.("RFSPA'f.����her
<br /> -•: Iaw tfiat applies co tlje Fonds sets a i,.-sser amount If so,L�:�ay,at aag ame,collect and hotd Fiuids iEf�n��i�i3'to -- -
<br />;::'�..��; = excced tt�e.tesser amouat. f..fader isray esti�fate the amount��nds doe on the basis of current data asiat.�..,�le ,
<br /> estimaus af e.�of future Escrow Itea�s orutberwise in accacdance R;sh applicable taw �...'� ::';�::°• 's:"�
<br /> - � Tffe F�utds sIta�.�e held in an institution wha�se deposit3 are irrsured;6y a federal agency,instrua�t"rty.'ec:�ty-
<br /> , (including Lender.if Lender is sueb an institudon)or in any FeAet�al Hortl`e Loan Bank. Lender si�aU apply tUe Furtd+.�L`-�Y ---
<br /> , ' the Fscsu�v Items. l.ender may not charge Boriower for ftc►k�r�and applying the Fimds,annuatty aaatyzing the�iw --.-
<br /> • acoaunt,or verifying the Esccow Items.uniess Lender'pa��s�.-rower interest on the Funds anQ applicable taw peirniu. , �,��-
<br /> ' �� .Lender to make snch a charge. However.l.ender may mquir�..L`sorrowet ro pay a one-time charge for an independent real ' �°ui':
<br /> _ . .�-.:_.-. . 'es�tate tax savice ased fiy l.�ender in c�rmectioawitttt�is toan.wiless appiicabie taw prowdes ottxrwise. Unless an- �"_�'M1
<br /> � `''•- � ' < agra�ment is�madegor applicabte taw requires interest to be paid,l.ender shall rtot be required to pay Borrower any interest or � � '•��'`?,� .�
<br /> �C.b� `•`'1:�':
<br /> ;.� '���u,-u emnings on the Fuuds. Borrower and l.ender may agree in wriring,howevet.that inteast shall be paid on the Funds. Lender � -
<br /> . .�?=�::�' � - shall give to Borrower,without eharge,an annual accoun6ng af tfie Funds,showing credits and debits to the Punds and the �;`��,.`
<br /> �x :r�.' ' in-',�'r.�- . ...•..^:.°--
<br /> ��:,-�;�-�;j r,::.* putpose for which each debit to the Funds was made. The Funds are pledged as additionai security for sA sums secured by _ - �__
<br /> �; tltis S�.s;ty Ins�aurnctt� ' -;.:�,� �,'.±
<br /> �r��` I�t�e Funds Ex�;� Lender eaceed the amounts permifted to 6e�'�by applicable law.LendeF.$hall acoount to r ��f-�--...
<br /> � ..��''�` Borresk�er far thr exe���'vnd.4 in accadance witb the requirem,ea�of��te law. If t1�e annount afi5�Funds held by s -�'�?'y'x-:
<br /> `�� Le�des�a . t�e is^not sufficient to the Esecow items w�cs�ae.t.�nder ma so noti Bairowe'rftt aritin and.in • - ^�:�-
<br /> �y,;� '� _ �Y PaY , Y fY & � �3 �..
<br />. :•����f..;- - � suc4s�°:Brnrrower shal!pay to l.ender the amount necessan}r,a fiake up the d�ciency. Borrower s6atl maice up the ��,-.��-.._, ;
<br /> _ ���.-�:� - defics�,.^y in no mo�than twelve manthly paymenu.at L.eicCe�'s�fe discretion. :-'.�:' �
<br /> � *^���' � "` �:pan paymt.mt in full of all sams secured by this Sec�:r��=�nstrument,I.ender shall promptly refiuid ta Borro��any '�`�`�';. -
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<br />• Funds.hetd by l.ender. If,under paragraph 21.l.ender shal!acquire or sell the Property.Lender.prior to the acquisitian or • • -
<br /> j .. � sale of the Propeny,shall apply any Funds held by Lender at ihe time of acquisition or sale as a credit against the sums ' _
<br /> . •'' � ' -�';:', . secure�b this Securi lnsirument
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<br /> � ' �= � " 3" Applicattoo of Pf�ymeats. Untess applicable tax¢ovides otheiwise.all payments received by I.ender c�3er � °
<br /> =.i.c:..:.,,h'F,?�i•::,;::r . ..
<br /> f,�••r pazagra�tss 1 and 2 shafl be apptied:first,to any prepaymer,a c�rges dae under the Note:second,to amounts payable�3er ,
<br /> !-�,-��'�:�n!,`�;;,:;: . . .
<br />. - �;;• • •.. paragaph 2;th'ud,to inicrest due:fourth.to principal due:and:ast,w any late cfiarges due under the Note. , �
<br /> �"°��;'�.�-.��..;•:�-•. 4. C6argcs;t�icros. Bortower shall pay a!E taxes,assessments.chazges. fines and impositians attributa6le to the . '.
<br />• ',�,��p��%���•�; ' . • Property�vbicb iria��.�priority over this 5ectr<,isy tnsiscsmen�and teasehold payments ar graund rents.if any. Barrower
<br /> - '�= ' - •� shall pay_t�ese abtigaCrons irt the manner provided in paragrZg:�2,or if not paid in that manner.Borrawer shap pay them on ��
<br /> ' '�"�:`��' time dr;�,�.Sq to the person owe�payr.rent. Borrower shall pa�nr..�ly tamish to Lender all notices of amounts to be paid ur�er � . '
<br /> ' �=�� ` •�'%'`' this 7^•�� h. IP Borrower mak�s t[�.ese a ents directl ,�rrower shaQ rom il fumish to l.ender recei ts evt��.a�sn ' �
<br /> .�:,���.:�:<:-. ��"7 P Ym Y P P Y . p . g . -
<br /> l-r„��•<J .: ,.�� thepaymenu. . .
<br /> . . Borrower shall prompdy discharge any tiem afiich has priority aver this Security lnstrument unless Barrower:(a}agrees _
<br />• �'� ����` � in wrlting to the payment of the obtigation secur�by the lien in a manner acceptable to l.ender.(b)contests in goal faith the ' . " _
<br /> "��"�' ��' �` lien by.or defends against enforces.ent of�he tien in.tegal proceedings which in the Lendcr's opinion operate W pr��et�the -
<br /> .s«»�:�.::�..,..,;. .' -
<br /> `•-�'�: �•- � enforcement of thc Ilea:or(c)set+���t'rom the fiotdcr of thc lien an agrcement satisfactory to Lender subordinatin�rh��ien . � _
<br /> � - ' to this Security Insuument. lf Ler.dzr deterenines lhat any pare of the Property ic subject to a lien which may attain��scity ' '
<br /> ,�; t�' �;" over this Securlty lnstrument.Lender may give�crrower a netice identifying t':e lien. Borrawer shai!satisfy t�e l:e�c:sake .
<br /> � - � . � one or mare of the actions set forth above with�r��days of the giving of nc,tice. ° �
<br /> . � S. Ilaz�rQ a PropeMy lnsnranct. BoEr���er shall keep the improvements now existing or her�,��erecied on the � -
<br /> . . � ' Property insured against loss by fire.hazards included wEthir�tize term"extended caverage"und any othet t�;,zz:�,iact;:ding '.
<br /> '' • � floods or flooding.for which LenQer requires insurance. TLzit insurance shall be maintaincd in the amo�ts z.�cd:`��w're _ _
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