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<br /> il6LiryFF W'1171 ull the improeements narv o�lmrex4u erecteel on the prapert��, and ull easemena. vppunenunc�a �iJ
<br /> i�r> n.��. i .-ca(ler a pan oC thc pmper[y. All mplattmems xnd nAditions sSmll also be cwered by �his Sccunty
<br /> .enL .111 - .-�_oing i=�eferred to in Ihis Seco�ity Instn:ment as the Rmperty."
<br /> riURROWEk COV ENANfS that Bvrzowe�Is InwfWly seis�i o(tbe cstate hereby cnnveyM and ha'�he right m grnnt an�
<br /> _ �e Pr�p-n.� 'vnd �hnt tne Pron^ny is uneneumbeced. escept fnr encumbmnees nC remrd. Bocmaer umrraNn' und uIl!
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<br /> I ��rem�h Li .it,t to nc�Pmpeny a�afnst nIl cluims and�cmnnds. subjcct m a*rv cnc�m6ranccs al rcmrd-
<br /> �}{?5 SFCI {21l'Y iN6SRLMEN'I' comhin� oniiorm corenan[s for nai c� I use und non-•�nifami mvenaes witli Gn•dtnf
<br /> ,, c iu ���GcNon m¢ensiimtc a un�Po�m s�curity instnimrnt c�a-crn� rcal piopercy.
<br /> :��'iI'nR.: CO�"ENAtiTS. 6orrowe�andLende*wvemn r ��erz:� follows'
<br /> � r mn' o: Pnncipnl and Inlerest; PrepxZ'rnent anA l.ale CY�argev. 6onowcr shall pipmpllq poy whco duc thc
<br /> i r i ,�.?�f ar � r .eresi on !he debi evidcnced by d�e Noie ond �nv prrFayn�cN and I'vtc char�a�duc undec Ihe\n1e.
<br /> 2. Funds ior Teses and Insurnnca Subjecl �o appliceblc law or lo a wi9tlen waiver hy LenUer, F.ortc��er �hull p:ry lo
<br /> .�iu:r o ihc d�y monthic p:rvmenls are due unde�tl�e Nele, until thc �o[e is paid in Cull, n sum('FunCs"� [or (a�yeady ta�cs
<br /> � � :csmen s i 'ch muy avain priority over this Securi�y Instrum nt.ie a lien nn �he 7ropeny; (h7 ycaviy leavehold paymun.
<br /> : �cnd �ems on �hc Propeav. I''nny,(c)ycidy hat.nrd or property insumnre prcmiumr, fd) ycady [lood insurance premiunr..
<br /> .-. te'� �.ca � -_i lgzsr inmranee premiun.c, rt ury; anU (D nny mms puyable by Bmrowe� m LenAer, m urnrd'nnce with
<br /> r �:sion9 �� ¢raph 8, in lieu of the pnyment ot mortgagc mmrnnce prcmiums. Yhese ifems are c.licd 'Esemw Ite�ms."
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<br /> _ I�r vn.y. u ,im:, rollec[ and holJ Punds in an nmoun[ not m escecA lhe maximum amount a Icnde� for a Fddcrallc
<br /> . �: r„aaeape loon n�iv reqei�c fm Borrower s esaow �ttoun; under �he fede�zl 3eal ��tale Settlunent Proeeduree Act nt
<br /> » n u�ucnd :, .�o;r.time to { p�,c, 12 U.SC. Sectim� 2601 :r seq. ("RESPA"), unlea another Inw thnl applies to the Fmids
<br /> bsa'�� :.ioun: IC so, Len�]e�tnav, at any line, mllu� and hold Funds in an nmount not m eaceed �he le,ser amow¢.
<br /> -rl�r n � c( i�^ the umnunt of FunAs due on Ihe basis of curmnt duta u.� reasnnable estimu[u uf cxpendiWres o[ F.�pre
<br /> Ls ➢:��nc � > erw;se in aemrdanee aiih xppiieable l�w.
<br /> 7_it caics �,all he hcld in ae ins[iWtion whoce de�ui[s nre insured bv a P_dcral agency, InstruneNalily, or eutrtv
<br /> i _ ..rr �r. i�LenAer is such nin instimtion)or in any Fedcal 9ome Lonn Bunk Lender shall apply �he Fun4a to pa� thc
<br /> « I�ruu. Lcnckr muy nu1 charee Hueower for holding and applying thc Funds. �iinualiv a�aly>ing�he estrow nemuaL nr
<br /> .r I�rmer Rens, un�esx Ltnder poys Rorto�ver interest on the Funds and �pyli:aMe law pertnllv Lender m rnake svch
<br /> � hur e. Hnwer..r. Lender niay require Bcrrowe�'�o pay a onrlime cherge Cor an inUependenl real estnte mx re�rti�g:ervice
<br /> c:�d by Lender im m�nection with �his loan, u�less upplicablc :aw provides olherwisa Unless an ngreemem is mvde or
<br /> z.pl r�61c I'uw rcquires 'm[erest to ht pnid, Lende[ shall ml bc reqoired [o pay Borrower any inlcreu or eamings on �he FunAc.
<br /> (7oT����r and Lender mav egrec in writine. howcveq �hat interas[shall he paiA ori Ihc fwdti. Lcnds shnll plve m Borroa�cr,
<br /> w �no�t charpe. an onnual neeawuing eC Ihe AunJs, ahowing credils and drbih to Ihe Pundp and Ihe purpnse fo� whieh eaeh
<br /> !�til m tire Punds wu.v mxde.The Funds nre pl�dgcd as addi�ional secority (or nll sums secan:d b� this Sau.it)' Inswn�en�_
<br /> If hc P�rd held by LcnJeF excecd Ihc 'vmounts permiued m hc held by applicahic Inu', Lender shall ucn�em �o Ilorrov�c:
<br /> f . he c+rexs �u rC In zecordencc w71h the requimments o[ :ppLtable laa�. 1(the umoum of Ihe Fund,a helA by LrnJer ut unv
<br /> i i� i<nm ,md�cirnl �o poy the Escmw item�s wher, due, Lcndcr mu� so notify l3mrowcr in writin�. and, in_vuch cuse Uorrower
<br /> i! 11 pay Ia Len 4r ihe amou;1 nme[sary lo make up lhe defmirncy. Ho:m�cer shall make up Ihe delicicnry in no ninre �h;ut
<br /> hvc :c inantlily piymtnti .t Lcndcr's sole discre[ion.
<br /> �p���� p;�vmrn! in full o� alI sums �secured by �his' Sc<orsty Inst�vment, Lcnder shall pramptly re:und Io Borrower any
<br /> Fuud� hdd by Lender_ I!, undcr paru�caph 21, Lende� shall acGuire orsell the Pro�zerly, l,rnJcr, pno� ro�he acquisilion or xal�
<br /> of�he Pmpeny, shalf spply any Funds h:Id by Lende� at the[ime e�ucyuisi�ion or sale at a credir ��ainst me suns seco�ecl bp
<br /> t!lis Sea�riiy (n,atmmen:.
<br /> 3. App!icalinn of I'ayments. Unlcs,a npplice6le law provides othenvise, al! pnyments mcciveA bc Lender unde. p.r'agn�phs
<br /> I .i� 2 shall be upolied: G�st, to n�y prepayment charges due under thc Note; seco�U, lo amoonts pvyaFie under pamg�ap`� ?;
<br /> thlyd, to !ntercs�dur, four.h, to pnncipal due; and last, to any late chargcs uue under[he Note.
<br /> 3. Chcrpc,=.; L.ie�u. 9nrm���er shall pay all taxes, asscssmrnts, cha�Fes, fnes and imposi�inns alrcibumble ro �he Propcm�
<br /> whldi nmy u«u'n pr'orily ovcr ;his Security inshument. nnd leasehold paymenis nr prounA rcNS, iC anp. Rormwer 5hull pav
<br /> t5ese c bli�al ons ln �he msnner proviUcU in peregraph 2, or if not paiJ in ihnt manner. Borrower thall puy :hem on lime directiv
<br /> o tl� person � �� i p rvnicnL 6urtowa vhal l promptly furnidi to Lcn�le� ull noticcs o(emaunts to hc paid undcr this pxragr.�pli.
<br /> If 9orzmcer�n A�s�hrs.:pxyn�eNS Airectly, Borrower,�hnll pm�npily� furnish «i Ler.der receipls eviJencing the pn}'nienls.
<br /> Rnrtnwcr.diall pmmptly JitiharFe nny licn which h��pnorily nver tliis Security In�tmment unlcss Aormwee (u1 ugn;s in
<br /> ur'tir.� �o�he t ' iem ni the obliG:tion tecured 6y tlie Iien in u m�nner aceep�ahle tu LSnder, !b)eonteslv in goiul (:ii�h the lien
<br /> t y �r .^fcotl rrrt cu(nrcrnirnt a� �hc Ilcn in. Icgal pmcccxlinre uli eh in :he Lrndcr� ��piniun oper,nc �o prevcnl lhc
<br /> ..n� r,,:.ra t M tl � Ilcn: m (cl . �u u: 1-nm Ih^_Lol(Icr nf thc lii i i mcrc,mun .�'rtixf�cmry lo Lcndcr eubnr�inalln�. �he Ilui m
<br /> h�. Scrutily l .mntaiL I( f, t I'r dee:nniocSlh,M1 unv putl of Ihe Propetl] I+suhjeellt u li(n which nmy ' lain priotily ovtr
<br /> L;I,ti Srcunty i ,Ir, cnl. Irudu n�i� gi�c Flo � r�� r.oncc iJ�ntil�iat �iic licn. Nnrru��cr �h.dl wti.�ly Ihe licn nr Wki� onc ur
<br /> i r cJ�hc ac .. . .��t lr�rili nf<vc wilhin 16�J ��,s .I' hc F�'�ing ol uniik.
<br /> Porin 9JGtl ID'JO
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