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<br /> TtAG&'��Ii E'+�I'Y'H all the improvements naw or R�s�ca�d on tha gro�erti+.a�J r?.�ea.� ��P����,and --
<br /> fixtures n�r.�vz �'r�aficr n part at��t�tt pYO�y. All re$i�ts anst addittons �Zll::aJ�o be covzrd by thu BPCUriry l�
<br /> lnstnim�n�.Atl bt t4te faregoia�g is roYsr.rad ta in t#us Securlty Insu�ament as the"Froperty.'
<br /> � 'BORR+mWE&COVEI�ANT�ti�e IIarmwes{�lativfully sei�ed of th�estat_hetrby conveyed aad has th€righ3 to gant md _
<br /> �;� ceinv�y the Property and tflat the Presp�� is uaearumZs$red.except for eatam6r�mtes of secord. Borro�i�v,a,.�i�t� ar�d will -__
<br /> defend g�ne�ally the tifl�tn the Prup�st;{against a11 cta�ms ancZ deman�.subJect to arry encumbrar�c�vf recanl. ;�
<br /> 7'�yg Sg,CURgry EI�JS'FRLJ11dLt�:combines unifnrm covenants for n�tianal.use and non-uniform cavenaztts wItb 1'united '�
<br /> � varistIons �r-
<br /> by jusisdiction to constituts a aniform sesarity instriament covering r�il p:operty.
<br /> UMFmRM C�OVENAI�'!S.Ba7ro�ver and Lender covPnartt nnd ugme as follows: '-
<br /> �r 1. Peg�na�±2 af B�riadp�i aad Inie�si; �regsy�ent s��I.ats Cha�;es. Borrawer shafl P�P�Y PaY whe�due the
<br /> _ prin�p.�.�af•s+�i�nt�:est nn the debt e�+ideacecl bY the I�te and any prepayment ansl late charges due under tta�Note.
<br /> � 2:�unt�s far Taxes ead I�n�. Sabject to applicable law or to a a�ritten waiver by i.ender.Bonawee shall��.y m --
<br /> Le�on the day monihlY PaYmeats are due undee tfas Nate.unn7 the Note is paid in full.a�m("F�ds")for.(a)yer�siy ts�xes ' k;;�
<br /> and usse�ar�ents wLich may attain pr�otity ovep shis Secarity Insttument as a lien on the Propersy;(b)Yearlp[easehald paymsnts _
<br /> or•gro��ats aa the Prapertg+.if aay.(c)Year1Y�d ar pmperty insr�nce pr�i�;(d)Yearly tlood�nsurance premiums. __
<br /> . if any,te)Yearty mortgage insnrano�preminms,if any;and(fl aay s�ms payable by Boarow�r to Le�r,in smordance wIth =_-
<br /> tUe provi�ions ef parag�aph$,in lieu of the payment of u�ortgage inc,��p premiums.TliQSe et�ms are calded°Esecow Itecns.' —
<br /> Leader may, at any t3me,callect and koId Fands in an amo4nt nat w ezoeed the maximum amonnx a tender far a federdUy
<br /> ,' s�lated mortaage 2aaa may re�quire far Bormwer's escraw accauat uader the federal Rea9 E�tate Settlement Prorgdt�s Act aF —
<br /> '"''� 1974 as amended fro�time w time, 12 U.S.C.S�tia� 26a1 ea seq. (°FiFSPA°),aniess aaorhei!aw t6at applies to the Fund.s
<br />`�';;� sets u lesser amnnnt. If so, Lesder may,at airy tffie,coll�cct ured hold Funds in an amount nai tv exoee�t6e Iesser amount.
<br /> �� I,eader�esriivas.,clte amount of Funds dae on che 6�is,�a�:c�rtent duta and re�soAabte esaimates of expenditures of future
<br /> ��. � Escravr."�or atheivvise ia ascordaace witti appl}cab�e lz;�'.� '
<br /> _ T"�;��ads shall`be hetd in an instituiioQ��!T��`aepes�ts are ipsured by a federal agency, ia�tmmenisiity. or en5ty '
<br /> .�!;;• � (ir�tuding Lender.if L�nder is such an instiLUtic�i?r�.�a�y Federai Flome Loan�aak.Lender shall aypIy the Funds w pay the
<br /> Fscmw Items.LeAder ma}+aot ct�aige Borrdwer t�clAatding and aPP1Y�S the FQUds.annual3y anaiyzing the escroa account,or .
<br /> . verifyiag the Escrow Items,unless Lender�ys Boirower interest on the Funds and applicable law permits�.ender w m�tce such =
<br /> • a charge.However.Lender may require Borcawer to pay a on�time charge for an independe.ni reat esfate taa regoning sav'ice °
<br /> ' ��� use�6y Ltnder in.connection with �is toan, untess appticable (aw pmv�des oshern+ise. iTnIess an agreRtn�nt is made oz `
<br /> applicable law rcquinsp iater�st to 6e paid,L�ender shall not 6e requir�to P23S Eorrower a�+inte�st or earnings on the Fonds. � _
<br /> ... .�: �• �. Borrower and Leade�tiay agree in writing,however,that interest sha11 b��asti on the Fnnds. L.endes sball give to Sufroweq, • _.-
<br /> '`` �' .:`� witho-,�?�t�sasge.an annnal aca,�unting of the}�unds,showis��c�r�.its and dehits ta the F;�ds and tha purpose far whi�h each _
<br /> . '��% `. `., � debit�a�;;�e Funds was made.The Funds are pledgedt as addi�o'i�G`s�omY f�r all s�.-�,�:�a��y this Se�riry insavmena ��
<br /> '.:,,�.., If�the Funds heJd Iznder�cceed the amouuts peemii'��;t��e�et8•ti �
<br /> ` by Y�a�f=��i#�:6c�ry<'.:.en�der s�a�l accouni to Bostower —
<br /> '-<; ':''�.'� ,fos.t�e c:x�.;s 1��in accordance with tka r�yt:.�,�i.s af appii�3fe M���;_f�''t��i�:�'t�.�.:".�F�s�'�,..�1�by lae�er at a�y �. -
<br /> _ �t, ��� .tiuse is aot�cieut to pay the Escrow Tums wheri�tue.Lender way so n�rnt'�;.fi�av{+r�i;�x?�iting,�r,��}t ii��such case Barrawer �•; �•�
<br /> ���. - shall p�;.,tb I.ei�dzi t&e amount tuoessary to rma3ce up the defioiencry.Borra«�"sa:;3��:�.+++►�p the defccieaey in no more than •,�;�;;t'.:�--
<br /> taretve mb�y pagments.2t I.etsdee'a sole discmmtiion. �`'�: `� � � . _
<br />�� .,� �UPon paYment in fisll of all sums seaued by tt�is,Seruriry Insanment,Lender sh9ti pmm�tiy refund to Borrawer aay --
<br /> ' `,; Fisnds�h,elr!b I.�-jder.if,under b 2l.l.�.mder sflall acquin or selI the Pco —.
<br /> . Y paragrap peny,I.ender.prior to the acquisitiun or sale
<br /> � '. . � af the Properey,sha!!apply any Fuads held by Leader at the time of aoquisition or sale as a credit a�inst s�he sums secure�liy
<br /> �� , tbis Securtty tostrumef►t. � . .
<br /> .. � 3.�1�Iattion o�Paymeab:Untess applicabie taw prav��d�i atherwise,a1I paymecu:r:�:ece�ved Iry t�der under par.4gaDhs . _
<br /> .1 aad�`.:�5}l Be applied:first,4o anY Pre�}+merrc charges dt►�:�e�er tf�e Note;secou,.''«i��i�onnts�yabte under P�B�Pb 2� _.
<br /> � � thitd.to ia`serest due;fourth,to principal dae:an�'�,to any�l�fe charges dtr�r��x�p��ote: •
<br /> �
<br /> t��; ' a•Ci�rg�s;I�ir�.�,Horsowei shall pay a��.t�t�.asse�ments.cS��; N�iutiszR�.p�asitions attr,�f:.riable tp the , .;:, r'
<br /> , . '• �T=Y.�',:����:�' >•:.
<br /> .� ..�i;;,;r���' wlricl�may attai,n p�i�:'�y over.t�ia�.'�,r..eciuity insuiunent, and lcasehold pay'�leatjt�°=�"��d rents,if any. �omovirer-� �"I pcl�.;, .�'a,° __
<br /> �•i:i•::
<br /> ' these obligations in the t�t;exr.t[#r�s�:�d in paragraph 2,or if rtet paid in t6at tn�.��t�!�wes s1�all p:►y the�a on tti�;t�e�iy�
<br /> :� to tht paaon owed payiiten���a�si�'!���hal!F�mP�Y fumisb t6 L.ender all r�Lia�.:u�,�uimu w be paid uuder tlus par'agsph. .
<br /> ��,,��' ' If Barrawer maices th�z�raym�nts, ;'tectly.Bonower sha11 Pron►D2tS+fumish��'s�i�i`rar�er reoeipts evidenciug the paynneais'.
<br /> ;. , . :....:. .
<br /> �`�','`%: � Borrower shall•�!e�;�.ptly dis�targe atry li��vhicb has prioriry a��er th.fs•ws��nrity 1nsWmcat unless Bosrovrsr:(a)agn�s i¢
<br /> Q, .,. . ,
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<br /> : : .t,��.. wririn�to the paymctN:�rf t�e ab�f};�cs;�on seeunerl by the lien in a mar,ner aecepta]i!e to l�r�der;(b)wntests in good faitb the tien.:{.,-'.,:;:,,, _
<br /> • .t . by,or�lii�ouds a�irtst cnforoemixoi;;�af the�lien in, 1e�1 pr�ir��iings wlvch in the I.��.iirJler's opinion operate to prebent tA,e �t`:�`.•,: 6-
<br /> enforset�t�af the lien;or(c)se�aU's'�is fram the Noldcr of the If,'u,i:`r;n.egeement satist�cti�i�r sm Lender suborclinating vhe lien ta ,�fj:', . �_
<br /> .. � ..this�Security lnsuument.If I.endcr determines thn;any part of the Prop�my is subje�t to a lien whici�may attain priority ovee ��.;,�� =
<br /> ", ; ; this Secudty Instrument.l.c�eder may give Barro�er a isotice identifying the lien.Barrnwer shall satisfy the lien or ta�Oe one or �i:'�r'•.:`
<br /> : ? rtxsre of the actions set fnr�h abo�re witNa 10 ds►ys of the giving of natice. . � �, ' '��i;:'`: �L-
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