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<br /> .° `Y'OGETH�R�aTli uU the improv�Es kQ�r ar Q�r°�ffer ea�on the prv�enY.sud ail ease�.,nss.appurtenansies.azfd �
<br /> fixtur� aow or herea'i2et o p�at of thz groperty. All repl�a�nts s�d addidoas shall aiso 0e cavered by this Secvrity =
<br /> '.' Ynsmu�nt.A!D of t4��forega�ing is referred to in tbis Security jn ,�nt�s the"Froperty." -
<br /> BORRdWER COV�NAN'�'S tbai Bortower is lawfully seissd of the es�e her�by canveyed aad hns the right to gmnt aad
<br /> eonvey ths Pra�.rty aad that t�ee Progerty is ua�asumhere0.e�coept ior euct���o.:�. �;rm•.�:r::r.-i°�►ts�!�!! __
<br /> defead geaeraUy the title to tIte PropertY against all�laims end demauds.su6je�to any encumbrauzes of reeord. :
<br /> 'fHI$SECUItITY INS?fZUMENT oo�bines uiuform covenanus far national use and noA-uniform covenants wieh limited �=_
<br /> "�-; vari�ious try jurisdiciioa ta oanstitute s�unif�rm�ci:sity instrur�.�r oovering re�f PmgertY• �-
<br /> UIVIFORN9 COVENANTS.Bom�wet and Lender cavenant nnd agiee as fottuws: �_
<br />,�: 1. �ymeat og Prt�ipaf and Inte�st;Fee�aYrueat aad Late CPt�eges. Bocrow�r shall pmmPtiY PaY wheu due the —
<br />�;`;,: priasipal of aAd intcrost on the debt evideuo�by�e Kote an�3�-�y g�paymcnt and late ct�z�es de�e uader the Note, _
<br /> Z. �n8s for Taxes eud Ya�uraaoe.Su6ject to applicat�le law or to a tivritten waiver by I.ender.Horrou+er shnll pay to __
<br /> . L,ender on the day c�sonthly Payutienss ase dus under the N�te.ucatil the Note is paid in fuil, a stsm t"Funds")for.(a)Y�Y�� �
<br /> and a�ssmeats whi�h may aitaim priority overthis Securiry Insavmeut as a lien on the Prr�perty. (b)Year�y leasehold payments
<br /> or ground mnts on the Proggrry.If any;(e?Y�IY b�or P�P�Y insurance premiums; (d?Y�Y fToad insurance premiums.
<br /> :, iF any:(e)Y�Y��Su infctrance premiums, �f a�ry:and(�anY sums FaYable 6y Barrower to Lendas,in accordance with _
<br /> .�:i:, —
<br /> :.,.:. t8e provisions of paragrap4�$.in lieu of the gayment of mort�a�e insuiance p�miums.'fhese items are salled"Fscmw Items." �-
<br /> Leader may,at any tims, collect and hold Fuads in an amou�nnt to exe�td th$maximum amount a twder foi a fedecally _ _
<br /> „ r�lated mortgage lean may cequirs for Borrower's esaaw acennnt under the federal Real �state Seulement Prooedures Act of _
<br /> 1974 as amen4ed fse�ffi ti�e ta time, 12 II.S.C.�ectian ,?G01 et req. (°RFSPA').unt�s another law t�at applies to the�Fnnds °
<br /> sets a tesser amau�t. If so,Lender may.at any time, oo}iect and hoid Funds in an amount nat w exce:,d tlte lesser amount. —
<br /> Lender�may�te the amount of Funds due on the basis of currenE data and reasanabae estunates of expenditums of futiue G-.
<br /> Eserow Yteihs or othenvise in accordance aratI�a�pficabie tavr. _
<br /> ' T6e Funds shall be held in an institution whose deposits are insured by a federal agency. inst�umeataliry. ar eWiry
<br /> � (inetuting Lender,if Lender is sucfi an institu6on)or ia any Federal Home Luan Banlc.Lemder shall apply the Fnnds to pay the ' ��
<br /> � �sceaw Items.Leadsr may nat charge Borro�ver for halding and applying t6e Funds.amu�ally analyzing tlte escrav+account,or =
<br /> ve�}ring tb�Fscrow Items,onless Lender pays Boaow�r interest on tbs Funds and applirable taw.permi4a�r to d�ce snch .:=;;�.-
<br /> .-,:;
<br /> • a c3�arge. However,I.ender may requir�e$orrower to pay a one-time charge for an independent real estate tax�reporti�i�;�±ic� . . .
<br /> used by Lender in connecdon wiih tUis laan, unless applieable law provides othawise. UNess an ag,reement i� �!a os
<br /> agplic�hle taw requires inteiest co be pald.Lender shall not be requireA so pay�Bormwer aay iuterest or eamings on��'�iinds.
<br /> . . Boriawer and Lender may agree in writing. however, that interess shall be paid on t6e Funds. L.ender shall give to Borrower,
<br /> . withoat c�at�e. an.ancmal aaaounting of the Funds.showing c�edtts mad debits to the Funds and the punoo�e for wtu�h•each --
<br />� dabit to the Funds was made.T[ie Funds a.*�pledged as additiflnal seturity for all sums secuned by ttus Security�nstrum�t,. -
<br /> If the Funds he2d by Lender exceed die amounts permitte��o he held by applieable law,L�er shall account to t�,;r�ower __
<br /> �`"::� for the excess P�nds in aocordance with the mcluirements of applirable law.�f the amo�:nt of th�Funds held by Leader at ath+
<br /> � s � . [ime is noi sufficient v�_�t�y die•Fscrow Items when:+�ae,Lender may so nc►�fy Borrower en wrising,a a d, i�su t h c a s e�o r r o w e r ,, f�
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<br /> ..'• � � shall pay to Lender i�td�.�onnt necessarY to m2�''i�•the deficieacy. BuF:*,Y��•s'nall make u�the defici�q in no more than •'?':y;::
<br /> :,. � � twelve monthi9 P.aYms,aTa;�i b.ender's.sote disc�;� � � •
<br /> � • ` Upon paymemt i�t fiiti nt all sdms se�red 6y this Security Insuument. l.ender sha!!prompdy refund to Borrower any .'':;' �'
<br /> � ..Fands fleld by Lender.If.w}der para�raph 21.Lender shall acquire or se11 the Property,Lender, prior to the acquisition or saie �
<br /> �� '"� :�"of the Prapet2}r,shall apply uny�unds held by I.ereder at the time of acquisiaon.or sale as a credit against the sums secure�by . _
<br /> :, ,: . thisSecuriry Ia�troment. .•< .
<br /> '.�:;;;.; 3.l�,�;�11c�tton of Faymen?s.Un2ess applicalile law provides otherwise.alt payments rxeiv�by Lender under paragaphs ��'`_��
<br /> " � 1 and 2.�'lu�i be applied• flr�t,to any prep�ayment charges due under the Note;second.to amounts payable under paragaph 2: �
<br /> 1�`. '��t ' third,ta�:�terest due;fourth.to principal due;and last,to aay tate charges due uader the Note. —
<br /> ; .�` . •.�• .:'' 4.Citaargesi LieQS..Borrower shatl pay eli taxes.assessments.ct�arges.fines and impositlons atvibutable to the Property
<br /> . ' � which may attain priam:��,�::uver this Security Instnunent.and teasehold gayments os grovnd rents,if azry.Borrower shall pay —.
<br /> . these abligations in the�t��nner provided ln parugraph 2,oT if not paid in that manner,Bosrower shaU pay them on rime directty
<br /> • `� :, to the�sc�wn owed payment.Bonower sha11 promptly flrrnish to 4ender ai!notices of amounts�to be paid�mdes this paragrupi�•
<br /> . � 1f Bonea�;sqr�makes these payments directly,Borrower shaB promptly iUrnish to Lender m�eipu evidencing the payments. . � —
<br /> Sa:i7��ei sh�It prorr:ptiy discharge any lien which has priority over this Sacurity Instrument unless Borrower:(a)a;,�.�s in _
<br /> writirr�to.�ie gaym��.a?f the obiigatioa secured by the lien in a manner acceptable to I.er.der;(b)oont�ts in good fait#�tRe liL•n
<br /> ; by, or d�'a��zids again� enforcement of the lien in, legal proc�,edings which in the Lender's opIniou;:�r�remte to prevetR tht _
<br /> •'` �� enforCei�n7'uf the lisn;or(c)socur�s fmm the holder of the lien an agreement satisfar.tary to�i.ender s:�t�ordinating the lien to
<br /> • thls Se�sity Insuument. If Lender+��;'am�►ines thai any part of the Propertgr is�.�bject ta�Q li�•whtch may attain priority over __
<br /> . ' . . this Securiry Insttumeat,Lender may�give Botraox��a nnaoe identifying the lien. Borrour�c�'sa:i sa�isfy.the lien or take one or �
<br /> '� :��j 'more uf the actions sst forth a6ove within 1 U day�r;'t'�giving of notIce. � � _-
<br /> Fortn 3828 9180 —
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