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<br /> TOGSfHER WITH all the impravemeaLg aow ar hereaftet erecte� oa the properry. end all eastmente. . . '�
<br />. appurtenaacea.aad�at�ues aoN o.r her�after a part ot th�praperty.All replacements and additions shell also Ue cavered ��-'�.,
<br /> . . t�'"_~:-;..
<br /> ` by this&ec�ri4�r Iasuument Alf of the f.oregoiag ia referrad to ia this Secunty Instrumant ea the Property. --
<br /> °' ='• BORROWER COVEI�TAN'P5 that Borrower is lawfully seised of the eseate hereby coaveyed aad has the right to
<br /> �::=:�
<br /> : gcant sAd convey the Praperty and tbat th�Prapesty is unencu�bered.escept for encumbranc�o f recor d. Borrower �r:.�
<br /> � . warramts and cai11 de#ensl gensrally the tifle to tha PropeYty agaia8t a11 claims and demead�.seibject to aay en�urnbranr.es ,�_
<br /> �•_� `_,
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<br /> � � THIS SECtJRTTY INSTFtUMENT combines tmiform wvenants for uatinnal use and non-uniiorm covenaats with �:=�:�'
<br /> -= Iimited variations by jurisdiction to coasti�ute a u�itarat�curity iastr�meat�Keria r�l ro �, `---�
<br /> -:_ � 8 F F°tr,°- ��_:.
<br /> �-;� UIVIFORM COVEIJAN'PS.Borrovrer and Leader oovea$nE and e as follow� `�
<br /> � �'--1�
<br /> - 1.Paqment o?g*�eipat ana3 Itstcrest;�'regsyan�a3 aad�.�te Ch�rsw.Borroaer shall pmmptly pay when due r�,�_'-
<br /> • � � y a meat and Iste charges due under the Nots. ���`
<br />� � the acipai af and intes+ese an the deb!evidenced b the Note and any prep y �.
<br /> . 2. Fonds for Taaes an�Insursnct. wub�ece to applicable law or to a written waives�y Lescder. B�rrower shall _:�-
<br /> p�y to Tt.ender on the day monthty papments�re due und�r the Nots,unb'1 the Note is gaid ia full,a sum("Fuads")for, �-
<br /> . �a)YeariY taxes and assessmenfs vrhich may attain priority o�er this Security Instrament as a lim oa the Property:(b) �,
<br /> pearly teasehald payments or grouad rents on the Prapercp,if anY:��)Y�Y�d or pmgerty�nsurauce premtua� �_
<br /> ld�Year1Y ilood insw�ance�premiums.ii any;(e)Yeatlp mortgage inaurauce premiums,di an,y;and(f)aaY sums payable �.o'__
<br /> � bq Borrower to Leader,ea aconraance With the pno•�ieions of gnragraph S.ia lieu af the paymant of snortgage insuraace �-
<br /> premiums,These ite�s are called•Fscraw Itenns."Leader may,at any time.oollect aad hold Fuad9 ia au amount aot =-
<br /> to esceed t he masimum ataoun t a len d e r for a f e d e r a U y r e l a t e d m o rt�-ag e l a a n m a y r e q u i r e f o r B o r r ower's escrow ��,
<br /> a c c auat under the federal Real Estate Set4lemeat Pmcedur�A.ct of 1974 as amended irom time to time, 12 U.S.C. �
<br /> -_ Ssction 260I et s�.4"RESPA').unles9 anottier taw tha4 applies to the Fuads sets a l�seer amoun�If s0.I.e n d$r maY, . c::
<br /> 9
<br />. �:`�,T: . at any tima.collect and hold Funds in aa cimoant not to eacaed the lesser eaioua�Leader may estimaus the amovat of �,
<br /> k Funds due oa the bzsis o4 current data and reasonable estimates of eYpeaditures of fimue F�mw Items or otherwise in E�`_��_
<br /> . accardaac�with applic�ble tQu.
<br /> The g'uuds sbs111�e�i�aa iastitutian whase degosits ate it�sured bp a federal ageacy.inst�mentality.or eatity .�s_
<br /> . (including I�ender.if Len3��s such an institution)or ia any Federal Home Loaa Baak.Leadarshall agply the Funds t,n �.;,.
<br /> � . PaY the Fserow Itema I,ender may aax charge Bonower for holding aad applying the Foads.nant�sUy analyzing the �._,...
<br /> escmw acxount,or verifyinS tha Fscro:.Items,vnleas Leade�'pays Borrawer intereat on the Funds aad agp2icable law `.
<br /> . � permita I.ender to make svch a charge. However,i.ender may require Boaower to paq a aue-time charga for su �
<br /> . ius3ependeat r�al estate tas reporting service�rsed by Lender in coflnection with this toaa.unlese applicablo law provides __ _
<br /> �.
<br /> � otherwise.Unless aa agr�nent ie made or agplicable iaw r�equires interest ta be paid.Lender ahall not be reqtttnd to „
<br /> `' PaY Bonawer any interest or esrning�oa the Fuuds.$osrower and Lender anay agoe in writing,however,tl�st interest ��.
<br /> =::�?,:�- �!t Lv 3 an ihe Fem�s.?�P*�,ntt r�ive�Borrower,without c�arge.aa annual accounting of the Fustds.slmwin� �
<br /> r�` credits a d debiss to the Funds and ttv:ar.apose for which eacfl deUit to the Funds wes made.The Ftmds aro pledged as
<br /> . . 8dditional security ior all surr�secured by thia Se�uritg Insta+rmea� �--_--
<br /> , � Ii the Fanda held by�es-ucter eg��►e amo��szs'�i'�b b�heid by applicable law.Lender st�ll accouat to �,�;�
<br /> • E _.
<br /> Bonower for the esce�s Fuuds in accor�oe with tfi�:���of app?icatrl3 law.Ii the arnount of t�,:.Fuads held �--.
<br /> by Lender at anp time is not�ci�at La pap the F�row Itema cshea due.I.euder may so notify Borrower in wtitin,g, �'�'.:�
<br /> ��'���� aud.in sach case Borr�wer shall paY ta F�ndnr the unount ne�arY to make up the deficieac9.Borrawer ehaU aa��e _-
<br /> �. � up tha deficiea�.y ia no more than twelve moa4hly payments.at Lender's sole discretion. �
<br /> . Upon papment in fu11 oP aU sums secured by this 5ecurity IAStnrraent.Leader ehell proraptly refuad w Bonower �-
<br /> ' . any Funds held by Lender.If.uader pasagraPh 21, Lender ehall acquire or r�ll the Praperty, I.e�ee. prior to the �.�:�
<br /> � • �� scq�us�uan or saie of t�e Propertp,shall agply eny Funds he�d by Lender at the tiffie of scquisition or sate as a cr�dit
<br /> .,�a,ti, � sx�iast the suma e�ecuxed bq this Securit.�f:pstrusnen� -
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<br /> ,;�f; 3.Applicat�on of Paysaeata Un�ess appficabte taw protiz�es otnes�visa.all payraes��r�ived Sy Y.�,�rdc:� �
<br /> P��Phs i,md 2 sha11 be apPUe�:firei.to anY P�Ysttent c�..Tgss due under the Nota;secon8.to amounts psYa�le .-:
<br /> uuc�er paragragh 2:third.tzn�nterest dug;fourth�to PrirzciPa]due;�ad 1ast,to at►Y late charQes due under the Not�e. _.__
<br /> . 4. Chu=es: Lieas.Borrosver s}�all FaY all t�.�smeate��b�B�+���d impositioas�t�butable to the ��;:.;
<br /> . P'c��erty w1�Fc�s may attain priority over thirs Secuti:g Ins4uraenE.aad leasehvld paqments or g,ro�B t+eate.i�aaY.
<br />� Bonower rfinllf,pay thcse obligations in the maanet prnvided i�peragraph 2,ar if aot paid in that mennet.Borcuva¢x' _
<br /> � • sha11 pay 9itr�+on tima directly to the perwa owed paymen��mroWer shaU promptty furnish W Leadsr all nottc�es�q �:.:J
<br /> . . asr�ounts to b�paid under t�peraSraPh.Ii Borrower ma�es th�payment4 directly,Sorro�er shatl promptly fw�ish --
<br /> tt�l�ender rxeipts evidencing the payments.
<br /> . Botrao�es sha11 pzomptlq discLarge aAY licn wlnch has priority over thia Se�vsity Iastr�ament ua2e�Burrowcr. (a)
<br /> .,,�y;;j;. agt�in wrfticg to the psyment of the obligation�by th�liea ia a manaer tr.ceptable to Lend�;�b)coates'�in t�
<br /> .rt;�°"f� good'faith fft+:tien by.or defends a�:�i Enforeement oi the Iu:n in,leSal Proceedinge which in the I��cfe opir.rix�
<br /> . ;, s operate to pr��eat the en4orcement of the tien:or(c)secures fc�a�tha holder o4 the lien aa agreemesat�a��:r�30 �_..
<br /> � I.e�tder sutx�rdinnting the lien to this Securitq Instrument.U Leader determinea that any part oi the Frm��ty is subjat ��;r,;,.
<br /> ��� ' t�n a litn�rhich may attaia priorlty over thie Sxurity Instrument,Leader may giva Bonosver a notic�i�entifyiag tse ��;.,;
<br /> � � 1iea.Borm�+ar shalt eadsfq the lien or take one or more o4 the actions set iorth above within 10 tlays oI the�iviag of
<br /> � notice.
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