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<br /> - - .-. - - , � . _. � - _ - �Z--�i�157�5. -� .
<br /> � 'E9DGEf[iER WITH�ll tho imp�avana�ts now a liereaftet ecected aa the praperty..and�11 ezscments,appuctcn�nces.� �
<br /> � awd fiatuKS�w or be[�afte�a put of We propMy- A!1�ptacen�ents.aad additions shall atso bc coveced by this Secur�ty .
<br /> Instrure�ent. All of the fcxrgoing is refceed to in this Secu[iry tnstrument as the"PropenY•� , � :
<br /> "Bt?1�OWER COVENAN7'S that Botrovr�is tawfaily seisM of the esate heteb�:tanveycJ and 6as thie rigat to gr,Nt :.
<br /> and canvey the Ytoperty and that che Propgrty is unencombered.ezcep[far encamblances of record. BoRUwer warYaats and `
<br /> , � will defaid ge�Crallp Ihe 6tk to the Pnapeny agaicut'all claims and dertnnds.subject to an}r ansum6tance�of rerord.. .
<br /> � Tl�IIS SECURii'Y lNS7RUMENT camb�es uniforrr �venancs far natioaal use.and noa•ucufomi covenants witb . —
<br /> �-� - - - timite+d vaciauans by jarisQiction to ronstitute a anifoms securiiy instntment caveriag aea��mperty- -- ' . ----- -
<br /> UNI�ORM COVENAN't'S. Bonower and Leader caven�nt�dagiee as FaUows: .
<br /> - - 1. P�yweMt af Yri�cipai�d iaterest;PreW7nKa!�d i.ate C6tsge� iio�wer sttalt PromPUS'P�Y when due the ' -
<br /> .- principai of and imerest on the debt evidenced iry tl�e Note and anY PnPaY�m and lau cbarge�.due under the Nate. �-__
<br /> �� 2. fl�ds tae 7's�res aaa Iasura�ce. Subjec[to appTic�ble law ar m a writut!vYaiyes by,l,endes Bo�r�nwer shaU pay to -
<br /> _ 1.ander oa.the day monthlY PaYments are due�u�de[the Note.unti�the,lVote�s F�id.1n f.ut�.:p.sW!l,i,°Cw�ds)for.ta)yeariy, ____ -
<br />- � taxes and asseSwt�ents whieb may attaia priaity ovec Uus Security Iiutrup►ent as al�t on.ti#�.PropF�ty:(b)yearty tea4uha�:,. --
<br /> psyments ar g[o�md rrnts m.the PtopettY. �t aay: (cl Y�Y Iiazatd-or.}�rty:uisurtqc�:, ,pn'.mittms: (d►Ye�r1Y:.AoRd � _-- _—��
<br /> - ist.wraqce premiums,�f any; (e)Y�Y�SaSe insurance poemiitms,.if anY:.a!�d�(fl�aPx��s+�P�►Yable Qy BorruNtes,tp.. - � �.
<br /> l.e�dec.ia aooardance with.the provisiau af pazagraph 8.in lieu o f�h e lxiYm�/q f ncmtt8�i�rance p r e m mms...7Tiese _ . ���,
<br /> ' �' ,� iUemsare qiled"Escrow Iu�ns." Lender may,at aag time.caUest and.hnkt,PundS iA�n�p{,nnt.to oxceed die maximum ��v •-�
<br /> ' - - amaunt a tendet for a federally refated mott�8e taaa may.requite.for_Iio�o!��:�escrow.accounts+�ndes the federal Reat ""`�°_ -
<br /> ' Estate 5ettlement Plrocedures Act of 1974 as amended itom time w time..i2 U.S.C.g Z,fi01 et seq.l"RESPA'�.unIess another .;��:'�_
<br /> :t ��; faw that applies to the Funds sets a Iesser a�noan� If so.i.et�der may,ac any time.col�pct and hold Funds in an amount not ro r`�_:'�..
<br /> �' � eaceed the leuer amaunt Lendet map es�mate tht amaunt af Fands dut on tt�e basis of cutrent data and reasanable `�-.:_.::,=-
<br />' _ ' estimates of eapenctitures af futuie Esctow Items qr otf�e�wise in accoida[rce with applipbie 1aw. :_` `
<br />• - " ' TUe Funds sball 6e Iteld ia an institation whose deposits are insuted bY a federat agency.insuumentaliry,or e�ty ,-.�'•�. :_
<br /> '" - � (inclading l.ender,if Lender is such an institurian)or in any Federal Hame[.oau Banlc. lxnder shall apply the Punds co PaY °,{ ;�;.
<br /> '�'�' the Esccow iums. Ixrjder may not charge Borrower for holding:and appiying the l�nds.annuatiY�S+�S��W _ ._=.i_:_
<br /> . . .,; , accoimt,or verifying the Escrow Items.unless E.ender pays Botrower�inten�st on the Funds and applicable taw pemrits ;�`�:.:'� -__
<br /> �-�-�s.;.��•.':y:�� . • Lender to make such a charge. However.Lender may require Bormwer to pay a orte-time cf�arge far an indepeadent real __-
<br /> ._'_ •-.;�--_.;,s^: �- �pt�q�c;neporting savioe use�t by Exnder ue cons�ection weth this loan.wless applicahte law provides otheta�is�_tTniess�.:. D-•
<br /> i . �•• -a:�--r; : agreement is made or appl�cable law requires interest to be paid.�.ertders�all not be-required to pay Horrower any interest ar ' ��
<br /> .' �.�-.�`�`� �; eamitlgs on ti�e Funds. Bamower and LQadPr•may agee in writing,.iso�}:eYer,that interest shall be paid on the Fimds. Lender . .
<br /> �.°�:�''���-, < - shall give to Sorrower.withaut charge.an aJnual accounting.af tlre�Fands.showiag credits and defnts to the Funds and the ,
<br /> � w ' h each debit to the Fttnds a•as mad�.'[he Funds are pledged as additional security for all sums secured by .��
<br /> _ , �ur{wse for tuc , -_
<br /> . '; -':` ur{H = _
<br /> � ..iY�:t;•.'2-.t.��`�._ . .tts�s Securiry Instrumen� . .� �-. . . ��—�
<br /> �.
<br />. ,, � . ���:.�-,.. ` . If the Funds held by I.a�der exceed tne amatmCs petmiaed.iQ.be.held by applicable taw.i.ender sha!! account to � _.�
<br /> 1, r,';:i"`,-.::;:=."`j:• �. ��:� Boaower for t6e eacess Fundc in aceordacr.P witb,th�. u ..pp' • _-
<br /> teq i�,�epcs a€a ticable law. If the amount of[he Fic�held by ��,-_
<br /> �"^�::��•':Y'�':� I.ender at any iime is not suffrciqnt to pay ihe Escrow tietr�,whess�'tt�;`•Lender may so�otify Borrower in writing,and.in , , _�
<br /> ' • �f .�-%�.��'•"�'"•-:l' such casc Barrower shali pa.y"to Leader the.amouat.re�essary,,tQ ma�ke up the.def[�tetlCy!�:.Bomower shall mai.e u the • : -'-'�
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<br /> ��;.F�,':`�1�� deficiensy in no more thantKetvemontilly payments.at F.erd.�s t+ota��scretion. - . . �
<br /> • ,-�`''.: Upon payment in fuil of all sums secured by this Se�srity,T�sr�ument,l.ender•s{�a�t:prompdy refund to Boaawer any _ `-�'=
<br /> � Funds held by Lender. If,unde�parasraph 21.Lender shail acqui�e.or seli the Property.l.endes.prior to the acquisition or • r' ���
<br /> .. ' : sale af the Property.shall apply any Funds held by Lender at the:time of acquisitian or safe as a credit against the sums ` ; ' �:-��
<br /> secured by this Security Inswment. � � � � �
<br /> � 3. Application of P�tymenfs. Unless applicabt�(aw,P�QHides othe�wise,all payments received by I.ender under � �
<br /> ' . . � paragraphs 1 a�d 2 shall be applied:frst,to any preQayme:�t chaeg�s due under tha,Nate:second.to amounts paya.ble undes : • •' �.='''
<br /> � �� ;. � paragraph 2;third,to interest due:fourth.to principa}dµ�;,a[��,l��iP an}�,late charges due under the Note.. _
<br /> • . 4. Charges; Lieas. Borrowcr sha�i.pay.ap tax:s,•assessm@n4�.�shargcw,fines and ?mpo�itians attributa6le to the. .
<br />' �� ° .� ' � Property which may attain priority over thi�Se�utity-iasttumene.and,fe�{ehold payments or grofmcf rents.if any. Borrawer.. :,,- ;
<br /> , - � • ' s6a11 pay th�obligatians in the manner provided in paragraph.2.or i�not paid in thai manner,BoErower shall pay them on , ��� �
<br /> . rime directly to the person Qwed paymen�.Borrawer sha�C pcomptly fumish to i,ender all notices of amounts to be paid under , ..
<br /> ' - ;�?°� .. this patagrupb.•If Horrpwer makes these payments direcly,Borrower shall promptly fumish to l.ender receipts evidencing ,
<br /> , • . , - •: th:Qaymer.t�.• � : ;.,,,: ,:
<br /> �• � Borrowex shall ptoulptiy discharge ariy lien which has priority over lhis Security lnstrument unless Horrower:(a)agrees --••�sq-_
<br /> �. . .. . :w, ;::;=..
<br /> . . �,�` in writing to the payment af the obligatiott secured by the liert in a manner acceptuble to l.ender.(b)contests in good faith the,. , ::..s=,,,
<br /> � -, : • lien by.or defends against enforcement of the lien in,tegal proceedings which in the Lender's opinion operate to Qrevent the � � �,+';
<br /> � � enforcement of the licn:or(c)secures from the holder of the lien an agreemcnt sAtisfactory to l.ender subordina:"srs�the lien •,' �'
<br /> ' '� . to this Securiry lnstrumen� If Lemdcr determines that any pa»of the Property is subject to a lien which may attaia priariry ``° '�''
<br /> :�1. � ' ; over thls Security lnstrument,Lender may gi�e Horrower a noticc idemifying the lien. Bortower sha11 satisfy the lien or take .
<br /> . � one or more of the actions sct Forth above w�thin f 0 days of the giving of natire. • � � • �
<br /> . ' � 5. .Nazard or Propeoty Insurance aorcower shall keep the improvements now existing or hereafter erected on the �
<br /> � Property insured s�gainst loss by fire.hazards includcd within the term"extended coverage'and any other��azards.inclading f ' �
<br /> . � � • ftoods or flooding.,for�,whi:�"�e�,ender rrquires insuraa:e. This insuranre shall be maintaincd in ihe amounxs and for the � � .
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