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<br />� ?` ' 96°�(��P9 =-
<br /> ,� TQ(}ETHEIt WPI'H all the im}�rovements now or here�fter erected on the property.and all easements.appurtenanc�.and .,
<br /> flxtuzes notiv or Iter�sftes a p�st af th� pmperty. All rzpla.�nems fu►d additfons shall also be cavered by this Secvuity �:
<br /> I�smvsm:nt.Ail of t�fur��ni�is res.cr.ceA to in this Securiry h�sxiument us the'PivpeYty.' _
<br /> .- BOketOWEEi CUV8NAl4"�tY�ik�r�cea�r is lau.�'utiy seis�i of Lhe estatr here2►y conegyod and has the ri�ht to grant and =
<br /> eonvey the Prop..-rty� th�t ti�:Pres�:rty.is unencumbered,except far ea�r.umbranoes Qf recond. Burrower�varrants and wilf -
<br /> �• defend genQrally th.tide to th.Pro�ec��sg�l.r�:t ali clnims and demsnds,subject ta any encumbrnnoes of recurd. —
<br /> . THIS SECURE'TY IN5[RUt4��c�+i.nes uniform mvennnts for nationa! use and non-unifarm cwvenanu with limited
<br /> variatio�by jurisdistioa so aonstitutr.a:nniform sewrity iastruanent coverim�rea!pmperty. --
<br /> LJPJIFORM COVfiNAPi'P�'�.�s�rnn�•es and Lender rnven�tt and a�ec as fotlows: --
<br /> 1. Paym�t of Frtndp27 a�t� 1[nie�s9; Feepeyment end I.ate Chazge9. Borrower shnll grompdy p�y when due tbe -
<br /> ��� principal of and in?e�st�a�.h:d�i evidenoed by the Note artd any prepayment and Inte charges due under the Kote. E'
<br /> 2.Funds for�'a$�a a�d Iwsur^�soe.Subject w appl�cable Iaw or to�v�riitc�►waiver by Lender. �orra�+�shall pa}to =
<br /> . Lentter on th�day mnnthly p33:�t auc due under the Nate,antil tho Noic is paid in fasll,a sum("�unds"Z for: (a)yearty tax� `
<br /> t�, and Essessm�nu�vhir2r c�3�n�risrity over this Securicy InF.nurtent as a lien on the PropeYt3►:(b)Yearly leas�hold psa}mtPaus —
<br /> ° or ground t�.nu on tlu:Pro�t}�,if�!;(c�yeariy h�zard or property insarance premi�rns:td)yearlg flaoci inturanat preml�ms. _,
<br /> if any;fe)Yearly rnr�rtga�e icuur�nce pnzni:,ans.if any;and(�any sums�}!a4le by Borrotvcr w d.ender.in a�sscordance�vith g.:
<br /> � the pmvisioa3 of p�agr�ge�B.in lieu af die pay msnt of martgage insumnce premiums_These itams ane c�lled"�scrow Items." =
<br /> '•�- I.ender�nay,at ac3y tim:, c,o!}s�t 2�rd hotd Funds in an amoant not to exc�3 tha m�imum amo�ant a�:�lar far a fed.eralty -�:'
<br /> • ° a,
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<br /> - : related mort�a loan m3y req:clte for�omower's e�croN accaunt under die f.e�orui Aeai Es�te Settte.nem PivazdumF Act of _
<br />;;;;,�n 19�4 as am�.°Qdad from time to tia�. IZ U.S.C. Section 2601 er seg. i"1i���."i.vnFe�ar+other law that applies ta�Funds —
<br /> �_:� sets a leuer azna�:n*.. If so, Lendee may. at any tima. callect and hold Fw�dy�.n,an amouac not to exoeed the tessez amount.
<br />"�;��� Lens�er m3y estimatp ttur amount of Funds due on tl�e 6asis af cur•em datn�and reasonabte estimates af�xpendiuues of future �
<br />...�,
<br />;i`e.,,: Esc,row Itean�or o2��vise in accardance vritn applica(olo law. —
<br /> � The PQnds �11 be held in an-�s►sHtutian whose depa.�:�a.na in�ured by a fodeml�agency, instname�rtality, oc:en�ity �
<br /> °`�`� (incleir.ting Le.�x.if Lender is such a.n institation)or in any Federal Home Loan Bank.Lender shall apply�he Funds to pay the �
<br /> ',,.��;f Escrmv Iterris-L:�sr�tt m�r aot charge Borrowfa-�'r�r•hofding and aPP1Ying the.Funds,annually analyzing t3�esrrow acoount,or
<br />'•s�:; • verifying tt�Escsa�v Itc-cas.unless Lender pa��s Ifsr•cawer interest on the F�.4 and applicabte luw pennits l.eader to make such ��
<br />:::::t%? a cf�a.�gs.Ho�vever.I.c�der may require Borrnwer to pay a one-time charga Ee�s an i�dependent real eshate taa reporting service
<br /> -°�3 . used 6�y Lereder in connection vnlft �his loan. unless applica6le law provides othera+ise. Un2ess an agmeraent is made or
<br />;=�<;d• � ap�iicabI�Iaw requires inierest tQ C��aid,I.ender shall not be required to pay Borrower any intsrest or eamings on the Ftmds.
<br /> ` �" -� Borrower aad I�eader may agm,e in writing,however, that intemst shall be paid on the Funds.Y.ender shall give to Borrowtr.
<br /> ' wifta3ut ch�rge, an unmu�]accounting of the Funds.showing rredits and c��to the Funds and the purQose far which each
<br /> d:ti�t4 tlbs Funds wtts r�,;:de.The.�'ruuds are gledged es addiqonal security ta�cs}t sums secured by this Securiry Iasuument, _`
<br /> � If d�.Funds hetd by Lender c�xcEd the amounts permiuect r.a be held.by applicable lacv.Lender shall soeount w Bonowes
<br /> for.t�e excess Fuuds in accordan�..�i►h the raquirements of appt�cable laa.Ii[he amount of the Funds held by Lertder at any
<br /> ����` tims is noi sufficient W�guy,tho Fscrcw Items when dae,Leader may sa nori��.'�urr,o��cr in writing,and,in suc�a case Bnrrower
<br /> shnll pay to Lender dtx atttoant necessary to m�u�pi Gha de6ciency. Bomx�aer shhlb�m.nlce up the defici�acy in no more than � � C.,.
<br /> ' ' � tweive monthly payrri�+i�;at iendcn's sole discn�sn.�� � s
<br />- �'�� " Upan payment in full of all �cros secua�ed by tl3is�ecuriry In..�uument, I�nder s6nll promptly refund to Borrower any � . ,
<br /> : Funds held by Len�er.if,onder pur.�p�raph 21.Lender shall a�uire or seU the Progerty.I.ender.prior w the acquisit�on or sale =
<br /> af thz Progerry.shall apply any Funds hetd by Lender at the ti�e of acqu.sition or sale as a credit agaiasi the sums secured�by
<br /> thts Security Inssr�ment.
<br /> " 3.Appllcattou of Rayments.[Jnless applicable taw provides otheravise,till payinents received by I.ender uncler paragra�hs
<br /> ��� 1 and 2 shall be a;splled: f��st,to arry prepaymeni ct�arges due under the Note;second.to amounts payabie under pasagiapb 2;
<br /> .•�� third,to inurest dae;fourth,to principal due:and last,to any lute charges due uader the Note. .,
<br /> ` '� 4.Ch�ges;Lteas.Borrower s6alt pay all ta�es,assessa�nts,charges.fi�es ac�d imposidons�attdlrstab2e to tTu►:&'�operty.
<br /> �.., .�;` �, . which may attsin.priority.over this Secusity I�.lment, and leaseh�ld�ayments ar grauad rents. if ea�.Borroacr shalt pay
<br /> ' �'� � these obJigations ia(fz�r�Umner provided in para�ir�pli 2,or if not paid in that maaner,B�rrower shall pa;r`��.�m an fimcs directly .
<br /> to tite peTSOn awed�is;a�uqpt.Eorro�ver shali prompdy fumish to Lender all noticcs of amounts ta be paid under ihis paragtaph. ''
<br /> � .�:�I` If Borrower maYes thc:���myments c�in�dy,Borrower shall prompdy fumisS�to I.ender reoc,'r�t,�eviQencing the payments. _-
<br /> ' , . �Sorrower shall p�:;c�ptly disc7�s►rge any llen which has priority over this 5�curity In�a��ent unless Botrower:(a�agrees in ��
<br /> ' "� writing to the paym:�tt rv the obligation sccured by thc lien ln a manner accc�.txuha to L.ender;(b)contests in goad faith the lien
<br /> by, or defends agai�s� �nforcement of the lien in, tegal proceedings whia'h��the Lender's opinion operate to prevent the . —
<br /> enforcement of the lierr;or(c)secures from the holder of the lien an agre.ement entisfactory.to Lender su6ordinating the lien to
<br /> � ' this 5e�t��,r,�Instrumenc. If Lender determines that any pan af�ii��Property is subject ta�:laen whicb mary attain priority over -
<br /> . `�;� this Svxurou�Instrument.Lender may give Borcower a notice i•,ira;a�fyin�the lien.Borror,�-v�shafl sadsfy the lien ortakc one or =°
<br /> � ,.�; more o��,e acrions�et forth above within 10 daya oE ttto p,iving of notice.
<br /> • � Fotm 802$ 9190
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