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<br /> '�OG�wrt�t su tha im�vem�n�►or�er�oa a�e property, f:� �,•.�
<br /> . . , �xpue� now or hereafter a patt of Yhe praperty A11 nPlsf��e��....�r and�La�dditEons eIml1 also ba covered b3► ` : .
<br /> . 'a ' LLIaaV+++�.w8.9 Yit��•a .. . ` �'�` -
<br /> j�g�1.AII Of fI18 fOR$O1D$�S lE�ClMd LO III L�lIB� �����188 fh9�LO giBIIL ffi1d
<br /> ' $ORROWER COVBNAI�TS tbst Boaowei i81av/fiil1Y�L fol aicalmbiaaces Of tecosd. BoTlowet asr�anls ead w�71 ' , , . . ' � '
<br /> c�mr tbe aad dist ths PiopeRY is�umbered, exceP �',.. .
<br /> ` �:'.�:��� defe d g�saall��atte to the Proparty against a11 claims aad demands.sub3ect to any cncumbsauces of rocard. '-- -- - _-
<br />- - -- - 'I�IIS SBCiJRTTY II3S1YtUMENT combiaes vniform aovenants for national use aud non-unifotm cavenaats a+ith limited — -- _ --
<br /> '` � , variadon9 by j��ioa to constitute a u n i f orm s e c u r i t�►;�,�,•t17enc oavering nesl propes�Y• � � -
<br /> as follaws: " �' `:.t..
<br /> ' UNIPORM COVSNANPS.Boaower aad Leadea cove�ant and agcee Bo:mwer ehall PromP�Y PaY°��dae the %s` . ;. .
<br /> L peym�t of Pe�ncipal and Int�resl;F��eat aad Lst�C�����det the Nota. .
<br /> . principal of�d�esest on tha debt evIdenced hY the Nota�d m►Y P�P�� _ ..• � ---
<br /> Z. Fhnds for Taxes and Iaswanc� �blect to SPPlicable taw or to s+wtium waiver hq iender.Bortower abaU paY�° : j �' ,
<br /> . � L+e�der aa N�day m�ontbly paymen�a�d u e u n d e r the Note,�mU7 the Note is paid in fall,a sum(°F�mds9 for:(e)Yesr1Y� " ,,_�.:;-;__`�
<br /> , and a�ts ahich may eimin PiiaritY ave�tlus Securit�►Ias��as a lim an the Prcperty;N)Y�Y lease�o2d payme�rs :;:.,., ` .' .' _�..
<br /> aver � Q����,y
<br /> c earl ha�atd or property insurance pse�ums:(�Y Y ' ';s;.s•'. . �,,,,
<br /> • ,. os gaund rr�ts on tbe PmgeBy►.if anY;()Y Y .���::.�=;=�
<br /> e a r l m o o Insa�ans�F R m i u m s•if any;aad(�anY sums PaYEble by Bo:mwes to L�det.II►sccordanco with . '_�.- '�
<br /> , � • if aay:(e)Y Y � _• :�_':
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<br /> : i�a pmvisions of patag�h 8.in leeu of the payment of mortgaSe iasns�ce P�ums.'I hese�sre c a ll e d°F s c m w I t e m s. .
<br /> ��� ���y, et aztp time, colled aad ho2d Funds in aa amount not tn excee�t�e�amn�t a l�der for a fedehiliy .��_;;-'�-`_�,�
<br /> � < .` �� ���ge loan may re�Iuirs far Bormw�'s eacrow eccotmt uader tho fie�lesal Resl Esteta Setttament Pro�Act of _--
<br />.. � 1974 as ameaded from time W tima. 12 U.�.G 5ection Z601 et seg. ('RF.SPA'.unless another Iaw that appltes to the Fuads ;,i''
<br /> . .. . ',;,� sqs a Iessea amcunt.If so.Lendet may. st aay oime.collect ead hold Fuuds iu an amnunt aot w exceed the 1�o f�us ` _ .- I. `�'".�
<br /> and n�asonab2e esametes of mcp� ."'�_
<br /> ' , �?� L�der may�ti�te the amo�mt of F�ds dna oa the basis of c�t data --- ��- -
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<br /> Fscmw Items or otheraiisa ia accordance`uit�BPPl�ble law. a federal ea�ey, ia�aneatalih+. or entity . . � '�:�_-�
<br /> ` ,� The F�ds shall be held in an inst�tion whose depasits are insured by 88 ' ' '�r:'_.._�,�;�-
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<br /> , • � Cmcludiag I�der,if Leadet ia such aa instiMion)or in enY Fedezal Home Laaa Bank.Lender��P�escraw ecco�mt,or � � y�:`�',�'`'
<br />��.. . . ..:-�i: Escrow Items.I�der maY no=�1�Sg Boirower for b.olding and aPP1YmS the F�mds,��Y Y�� .,� _.��:
<br /> � Bomcwer iute�at on the Ftmds and applicab3e law permite L�Wet to make eu� :`.°����.�F
<br /> 'r � v @►a Fsorow Items.unless L�des OaYB . °�"'=
<br /> ��� Ieader may�quira Borrower to pay a ono-time olu�sge fos aa iadepe�dent ieal esmie tax reportin8�i� �-
<br /> • a ct�arge.Scwever. otherarisa. IInless aa agreement is made as ' :t.
<br /> ` � b y L�d e r i n c o n nectfon with thie loan, �anle�aPPlicable 1aw praeides � �` �
<br /> , . Iicabla law reqnir�e iaterest w be patd.l�der shaRl nut be iequired t�Pa3►Bo:rawer aay Intarest os e a m i ags oa t h e F�d s. �.
<br /> a to Banower. ''���'�
<br /> ' - � ' , Boaower aad lender maY egt�in writiag.hawever,that interest sba116e paid on tiie Fut�ds.I�ndes ehall g►e , '-
<br /> withant c�e.an annual acceuating of the F�mds.s�owiag ccedits and debita to the F�mds aad the pusposa for whtcb e�ch ;;�,:_���::.
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<br /> ' � debit to the Ftmds was mada.'Ihe Fuada.�+e pledged as additional security for all au�s secured hY tbis Security Ins�um�at- '`;`..'.�.' « �...
<br /> ,.°'. � �. If the Fnnds held by Leader oacoad the amounts pesmitted to ba held by aPPlicable 1aw.I.ender sbsll accovat to Bo:mwer `'.;•:�;
<br /> - � for the excess Fuads in accordance with the nequiremenss of appl�cable law.If the amount of the F�mds held by I�eader at eny ,:.,:�#`
<br /> ' tims is not suffccie�t w pay tha Escrnw Items when due,I.endar may so no6fy Borruwer in writing,end.in s�ch casa Bo�wer ��__
<br /> . .. i ehall pay to Ieader the amouat nece.asaq+to maka up tha deficieacy.Bormwer ehall malce up tha de&eiency ia no mnre thaz� .. . ,f �`„
<br /> > � . ;� twelva man4Wy p�ymen�.at Le�der's sole disciedon. . '�:.�;'
<br /> ..•s� . ,{. Upoa payment in full of all suma se�umd h7+tII�is Sec,urity�irumeab �t�P�mP�Y rafimd w Bormwer any �
<br /> � . F�mds held by Le�der.If.vader para&raPh 21.Ie�der�hall acquira or eell the Pmpesry.Lender.Frtar to tha s,equisition or eale ,,..:'a' -
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<br />`,:j . � ' �.� of the PropertY.eLaU apply aay Fuadv he2d by Lender at tha time of seqnisition or eate as a c�adit againat tha sums eeeured bY .1. ,_.
<br /> . ; this securtty Insh�. . �.�--
<br /> 3.Applicat�on of P�ymeats.UWe�s applicab2e taw provtdes othesa�se.a11 Paymenta mceived by Ir,ader undet pa:aS�agha , `
<br />' � :'�� 1 end 2 ehaU be applied: fust,��Y P�PaYm����es due tmder the Note;eecond.to emo�paYable tmdet pa:ag�apb Z: , .
<br />'.�` y third.W iaterest due:fouitL.to princiFal due;and last.w any late ciiarges due undet the Nota. ' . . .. :�:;�� .
<br /> �..� . .
<br /> ' . � 4�Cbargea;L�ea�.B orrower e h a ll p a y a i l t�tes,essessments,charges.fines aad im�ositione aun'butable w tha PeopertY _ . .
<br /> ` � whicb may attein ptiority over thia Securiry Instruraent,and leasehold paymeate or ground rente,if any.Botrower ehall pay . ,
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<br /> = ::_� these obligations in tha msaner pmvided�n pata�ePh 2,or if not paid ia that maaner+Bonower e2�11 pay them on timo din,ctlY , . .
<br /> ? W the person owed paymene.Barrower s1�aU pmmpdy fnraiaL to Leader all nottces of amaunts w ba paid undar tLis paragraPh•
<br /> ��•' .� If Borcower makes theso payments dlrec@y.Boaawer ehall promptly fuznisL to l.endar receipts evld�clag the paymeats. . .
<br /> �..�.'r Bonower shall promptly discbarge any lien wluch bss prlority oves Wia Security Iasttumeat unless Borroaer.(a)agrees ia .
<br /> .�� . ' writing to tha payment of the obligatiaa seaued by the lien ia a msnner acceptabla W Lender,(b)contests in gaad faith the lir� .
<br /> � ''• � by, or defends against enforcement of the lien in, legal Proc�P,a which ia the Lender's opinion operate W preven2 the , .
<br /> . 1 eaforcem°nt of tha lien.or(c)secums from the holder of the lien sn agreement satisfacwry to Lender eubordinadng the lien to
<br /> .. � thia Security Iastrumeet.If Lender determiaes that aay part of tha Property is subject to a lien wtuch may atta�a prlorlty over � ..
<br /> � ` thia Socvriry lnstrument,Lender may give Borrower a notice identifyla�tha lian.Bormwer aLall eatisfy tha lien or tske ona or i . . ,.:.�
<br /> - `• mora of the acttoas set foith ebeva within 10 days of the giviag of notIce. � :
<br /> Farm 8028 8l90 .
<br /> n 114- 1615 war.: ?,�/ ..
<br /> ��RIN�1 w�+si.o, LT044 v�s e�e 11��� .. � .
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