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<br />; ; 'faG�Tt�ER WITH all the improvements naw or he�eaftrx e�cxrf:a�th�Pr�crtY•and all easemsnts.appurtemv�s.and ��,=
<br /> i fixtues aow or hereatter a part of the properiy. A11 repla�a'.e�ts �r'd add�:�r.ns shali also ne cover�i by this Serurity ,o;_-r.
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<br />``� Inmumsnt.A!1 of the fore oin is referned to in�his Secu�i II�5171S1L'C[i[39 t�i4:'Pfw ��-
<br /> BORRO�VER COVENANTS that Borrower is la�vfully seised of ti'.�est�te hc�reby coraveyed and has thc right to grant and
<br /> wnvey�►e Propecry artd that the Pro�rerty is�nencum.hered.e�cept f�s encumbrances of record_ Borrowcr warr�nts and will �'r_`
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<br /> j� d:fead generally the title to the ProFcrty against al!ctai�s and d`rr,n�ds.subject to any encumbrances of record. �;�;
<br /> •� 'fHiS SECURITY INS1TtUMENT rnmbiees ur�form covenanLS fior national use and non-un9form wvenants wit{�limited
<br /> � varlations by jurisdiction to constitute a uniform serurity ir.swaient coveren8 real ProR�rtl'• ,
<br /> - UI�TIFORIi�COVENANTS.�orrower and I�ader covenant�rd agree as follows: i��.
<br /> .` 1. Pay�rze��of PeiII�ipa! aac�InYer�st; Fre�ayi^�8 a�v� L�P CtLUges. Earrovrcr shail pmmP�Y PaY wizen du:the ,�__;
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<br /> � nrent and Iate c es due under the Note. �,
<br /> principal�f ar.d interest on the dPbc evidenced by the No:e and any pee�ay 1� :�'_::_
<br />� �- 2.Fnr�s Yo�Tacc�an�Insamm�ce. Subject to app2icubte laa oa'ta 3 v�ri�en waiver by Lertder, Borrower shall pay to =_ _-..
<br /> Leader on the day uwprJ43y pay[aents are due nndEr the Note,untc!r�:lVetc is eaid in full.a sum("Fuads")for.(a)yearly taqes e --
<br /> and assessme�cts vrhich may aitain priority over this Secu.�ity Irstruc�nt as a tien on the Property:(b)yearly lpsehold paym:nts �,�
<br /> or grautsd rents on tfie Property.if.any:(c)Yet�rly hazard os p:aFert�•insurance premiums:(d)yea�ly flaod insurance premiwns. �-.
<br /> if nny,(�3 Y�Y��Se I���Plemiums. if any; ard(� eny sums payable by Borrower to L.ender, in accondar.ce with �.
<br /> the pmvisions of parx$rtph 8.in tien of the payccent�f mongage insurance pnmiums. 7�ese items are called"Escro�v Items." �
<br /> ,��� Lender may,at any tia�,eollece and hoid Fuads in an�rnr�t nns to exceed the maxunwa amount a lemdrer for a fadertilly ���-
<br /> � related martgage loan may require for Borrovrer's escrov, IIccossit u.*�der tfus iederal Rea�Estate Settlemzn�Fmredures Act of �__
<br /> 1974 as amcnded from time to ri�e. 12 II.S.C. Section 2f�1 et req_ (°[iEs�A").unless a�wtker!aw that applies to the Fcucds �;•.•;
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<br /> sets a less-ec amaunt. IP so. Lender�ny. at any tirr_e. call�cE scd katd Ponds in an amoant not to eacred th�lesser asnoun� - -
<br /> Lender may esti�ate the amount of Famds due os tlte basis of curreat 3ata ard reasonable esrimates of expenditures of future �:;_•
<br />-f�:, Fscra�r Items or o�thenvi�e in aceordance�vitl:agp)�.-ubfe law. ___
<br /> The Fucds stra���� hetd in an instin:�aa vrtrnse depasits are ':��'�cf by a federal agency. instr�meutality, or entety @`'-:
<br /> ;'`���" (irslcdir�[.ender.if L..°nder is such an instiu:t:�n)ar in anl�c�cferal Ho�a F.oan Bank.Lender shall apply the Funds to pay the �__:
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<br /> ,;�i Escrow it�t�s.Ler�der may not charge Borrower for ho�ding�d a�plying the Funds,annually analyring the escrow accoant,vs �
<br />:: r�..• verifyde�tt�Escrov��.ms.unless I.�nder pays Rosrower inter�i on the Fivads and applicable law permits Lender to matce such ����
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<br /> -,-�y�. a charge.However,i,r.�ter may requirx Bo:�r��er t�:pay a o:�e-time charg�for an independent real estate tax re,porting service �.,
<br /> ;:•1.•t� . ;�sed b�.l�ndEr ia cos�nection with this Iuan,: ceul� applicable law pz�vjdcs otherwise. Untess an agreement is made ar
<br />:i r`� � appliu�rl;c•{aw reqaires interest t�+be pafd,Leaders}'.csi=�ot be c:�uired tn g�v L3r�rrower aay interest or earnings on the Funds. ��i
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<br /> - Borrcr�a�.and Lender mny agrse in��rritin�.i�owe��, ti�at i�r�ne:z shall be�,t on th���3s. Lender shall gi�e w Bon+nwer, ��-m;.
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<br /> withaui eharge. an annual ac�rovnriag�of the Funds,showing c�ediu and dr�s;-��the�.cnds and the putpose for which eacb •-=�
<br />�"�<`.i;�; . 8ebit to the Funds was made.The Funds are pte�.as addidonal securit*j€c+�rwR4�a:as secur�by this Security Insuument. ,�.�;:
<br /> ,;,�}��S If tPr�Funds held by I,ender exceed the ar•�z;ist5 permitted to be held b��'�cable law,Lender shall account to Borrower _
<br />:.:}�f_ for tho excess Funds in accordance aith the req-��nents of applicable law. Ii c�e aRCOUnt of the Furtds held by Lender at any
<br /> • 9 � 6uta ia.not sufficient to pay the Escrow Items when due.Lender may so n�rify Borrovrer in writing.and.in such case Boamwer
<br />"�`�j;��, . ' shail pay to Lender the amount necessary to make up the deficiency. Hoaower shall make up the deficiency in no mora than =� �;
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<br /> tcvelve manthly paymenu,at Lender s sole discc�u:�.
<br /> ;�°��'• Upon payment in iFuU of al!sums secure�fs� this Security Instrument,Lender shall prompdy refund to Borrower any �
<br /> � ' Fuads he2d by Lertder.If.under pa�agsnph 21,Lender shal!acquire ar seU the Property,Lender,prior to the acquisition or sale _
<br /> '��•: of the Ftoperty,shall apply arry Fuad:,hetd by Lender at the ti�ne of acquisidon or sale as a credit against the sums secured by
<br /> this Security Instrumrnt. 6-
<br /> �� � 3.Application o4 Pflyrteents.l;r�`ess ap�!iw�.`:e�avr prov."��othenvise,aq payments received by Lender under paragaphu
<br /> - ��,' 1 and 2 shall be appfied:fi�at.to any prepaymwed d�.,sges due under Y�e h��::second.to amounts payatls usider paragraph 2:
<br /> � : �� , tLi�d,w interest due;foutt6,to principal dee;���as�,to any f�;:o-.?.�dlu�ander the Note. � _-
<br /> : •• ; 4..�es;Ltpns.Bonower shall pay ai"s c�,.v�. asse,�-n�atts.charges.fines and impositions atuibutable to sl:r�:1?coperty
<br /> ' ahi�wws.y�atta�n priority over this Security Ir��,c�:_ec►t.�.r3 n�vehald payments or ground rents. if any. Borrt►•rrear r���31 pay
<br /> �' these c�1'i tions in the manner rovided in ar 2.or if not aid in that marmer. Borrower shall a them on�.�s-�litectl �.
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<br /> • �i ; to the person owed payment.Borrower shall praJryFr:�y fumish to Lender ali notices of amounu to be Qaid u�der this�arap,raph.
<br /> .;, �' If�p.".mwer makes these paymenu directly,Borno�ier shall promptly furnish to L+ender receipu evidencing the paym�ar.. —
<br /> i � f�m!rower shall promp8y discharge any Ilen which has F-ka�iry over this Security In:,tn�ent unless Borrowea:tsfi u�4.ees in �
<br /> �''� writrg+:�the payment of the oblias6:an secared by the lien ia:��anner acceptable to Lertdr:n;.(b)contesu in good fa�l�ri".e tien • ��
<br /> ,� F� by, or defends against enforcement of the li� in, legal proceedings which in the Len6er's opinion operate to prev��t the �
<br /> ` :i' enforoement of the lien;or(c)seau�s from tLe L�Lder of the 7ien an agreement satisfactory to Lender subordinating the lien to —
<br /> ' thig Security Instnuaent. If Lender determines that any part of the Property is subject to a lien which may attain priority over �
<br /> this Security Inswment.Lender may�ive Bonower a notice irtentifying the lien.Borrower shal!sutisfy the lien or talce one or __
<br /> • mora of ttie actions set fortb above witbin 10 days of the givir��of notice. �
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