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<br /> ` • 'i'O(iEt7�I8R WITH all�Ite impmvamsgte aow or ha:eaRer erected on tha PmP�3+•end all e�semmtc�.eppu:tenan��e� `�
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<br /> . . � 6xtutts naw or 6anaRar a patt o!eIIe proP�Y• � nPlacemente aad addit�ona ehc+ll also be covered hy tmis Set�titY I. . , ` `°,�_
<br /> as We'pe'cpa/Y•' �� �
<br /> . Iastrumeaw All of the faregoing ie t+efetred w ia t5ia Securih►Insttuffien� ,
<br /> � ,,.. r- $ORROW�t COVBNANTS tbat Boaawer is lawEWly sased of th�estate henby conveyed and hes the dght to graat a� . . . .
<br /> -------_ conv the Praperty and that the Propeity is uar�wmbered.except for e,acum6rancxs of record. Bonower aareauts and w�l� - - - - •:`:":�-.
<br /> a3► ertY r� of t�ecatd. - -
<br /> defend generally the titie m the P�operty ag�inat a11 clai�s and demands,suh�ect w aay eacumbrasees � .
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<br /> THIS SECiJR1TY IIdStitUNiENT cc�abin�s tmiform coveaanta fot nationsl ase aad noa-�mifoan covenante with limited � ,
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<br /> vaziationy by jur�sdiction w consdwfa a Qaiform security ins�t caverin8�P�P�Y. ,``.�
<br /> � . f ," UNIFORM COVBNANTS.Bormwer and leader covensnt and ag�+ee av follows: , -, ,
<br /> ' , . , l, P�aym�t of Priadpal sutd Interest; ���Lste Chaages•B�s�awer sball pmmptlY P$Y whe�n dne the � .. ...
<br /> . � ` Priacipal of aad int�est oa the debt evidencod by the Nota end aaY PRP��t and tate cl�arges due under the Nota � ,. �.f. �: `'.
<br /> S , Z.F�mds for Ts�and L�aance.Sui�lect to ePPlica6le 1aw o:w a ar�tten aaiver by Ir�der.Houaa►er ahall FaY to� .t. '; ':;._
<br /> � � Iender oa the day montLly paYments ara dua under tl�Nota,unt�We Note is paid in fiil1.a eam('fimda°�for.(a)Y�Y� ' A.
<br /> I n �m�t as e lien on the Pcoperty+:(b)Ymriy leasehold pajymecffi .•�,
<br />-� , � �d aeseasments al�ich may atmia piiority over this Secaiity ums;(�Y�1Y Qood in�uaace pzemi • .-!'``�:-
<br /> eart h�rd or prcperty instmaace Prem� �, .
<br /> • os groimd:eata aa the ProPeitY.if any;(a)Y Y sams PaYable try Bouower to Iender.in acca�aace with �"'`'`
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<br /> _ if a�►Y:(e)Y�IY��Sa insuraace pnanums.if aay,and(fl�Y miums. 'Ihesa items am called°Escrow Items.° , _ ,- �-
<br /> the prcvisians of paiag�'apL 8,in lleu of the paymeat of mortgage ins�uance pre . , .
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<br /> ; �er may,at any tima,collecx aad ho2d Faade�n aa amount not to exc�the�amoimt a lender for a fedetaliy ,_;_�
<br />�-. ' . related mo�tgaga toan may�qutre for Bo�wes'e eacrow acconnt�mder the federal Real Esmte SeulemEnt Pio�Act of ` i:..-a-
<br /> °RHSPA'.�mlesv anothes law ti�at a�pli�to the Funds �? :� -
<br /> :,��`' • " 1974 as a�eaded fcom mne to dme.1Z U.5.C.S�xioa 2601 d seq.( . ...�`i:;-�_-•
<br /> sets a lxs�r ammm�If so. I�eades may,at an3+time+ colled and hold Funds in an smo�mt not to e�u�e3 the lesqet amo�t. , . -. �-z_
<br /> . I.end�m�sy estimate the amount of Funds due on the basis of cmre�t data and r�asonabls�ates cf exFe�dito�s of fasute � _ �,
<br /> Fsccow I�ms ot othe:wise in accondaace with appl�c�ble law. • . T'-':`'�-.
<br /> ' , 'ite Fuads s1iaU ba held in aa institWion whose depcsits aca insaKd hy a fede�al agency. iastramentalitY, as endty ..`�.=___-
<br /> �>°.. the Fnnds tapay tlie . . ;�'°
<br /> . � . ` (including L�des,if Le�der is snch an institution)or in say Federel Home Iaan Baak. L�ender eha11 spp1Y - .�';;';�„�_
<br /> e� tbe esciow acar�t,ar
<br /> gscrow Items.l,ender may not chatge Borrower for holding sad spplying tha Fands,aamislIY�Y�g ' _---
<br />-' , imlrss��ar paye Borcower inteaest an the Funds and app��3e �al estate ta�c es tn m�svch " . ° .f�:.__
<br /> � :'. verifying the Bscrow Items. ��axrvice ..,�:
<br /> .t .::,�'.'. `�`• Howevet.I c a d e r m a Y�o n m a Bo�`�+er w pay a one-t�se char8e f�r�indep�d�t
<br /> '_`: a�a r�e. uaiess llcable law pravides otheswise. Unless aa egeemeffi is s�e or , ���'.�'�_.
<br /> „ used hjr L�der in oa�ectton with tl�is loan. aPP . '
<br /> - � applicable law:egaires intesest w ba paid,Lender ahall not be�quized w pay Borrower nny inte�est or eamings on t�Fcmds. �`���::.
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<br /> . Bormwer aad l.ander maY agrea ia writing.hoarever,tbat intesest sball bo paid on the Fuads. Leadet eball g►va W Scacawer, ;.
<br /> � wtthout cbarga.an a�ual accounting of the Faads,sliowrog credtts and debits to the F�mds aad the purpose for whi�each �,�.��;z.
<br /> - � thisSeca�titylnsocume�at . �:�=�--
<br /> debit to the F�mds was made.R1ie F�mds are pledged as additional aecuriry for sil sums se�ated bY :=:,,�.
<br /> .. � If tha Fnads held by Lcader exceed We amouats permitted to be hetd by applicab2�law.Lendsr absll ac�ooimt to Bon�war �_
<br /> • ts of licab2e law.If the am+mmt oY the Funds hetd by I.ender et aaY '•''�-
<br /> for the eace9s F�mds ia eccordancv wiW tha requtremen aPP ,;`.�i'�`
<br /> CE.9
<br /> , • time ia not euf�ici�t w pay the Fscrow Items wliea dua.Iender may so notify Borrowet ia wrlting.aad.in euch ease Borrawer . `_`�Y�.r
<br /> `�; � eLall pay to Lender the amount necessary w ma1�e up tha deficieacy. Borrower ehall inake up tha deficiency in no mose t1�n . ... �_-i
<br /> '` � � tatetva monthlY PeYmente►e����e sole discm.tton. • �—
<br /> �r.�� � Upoa Payment in full of all aums secured 6y tbie Secudty lasttument, L�ender ahall pmmDtiy r�4Lnd to Bormwer�y ' ;�.�
<br /> • F�m d s h e l d b y L e a der.If,uader para g r a pD 21.L e n der a b a U acquire or se ll t h a P e+e g u t y,Lendes.P r lor to the scqa�siHon os sate � ' ra
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<br /> of the Ficoperty,eball apply aay Fuads heW by Leader at tha time of acquisrtion or sate as a credit against the sums s e c u r e d b Y . . ' --__
<br /> � this Secauity Iastrumen� p ts received by Lendes uadet PatagrePhs � � ::
<br /> ' � � 3.Applicaflon oS Paymeata Unless appl�cable law mvides otherwisa.a11 paYmen � ...
<br /> ,__, � . _.:. 1 and 2 sLall be applled:fisst.to aaY P�PaY�t cLarges dua�mder tha Nota:secand.to amaunta payable uader patagrap'h 2+ .' ;
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<br /> . third,w interest due.fou�h.co principal due.and laa1.to a�►lfue chargea dua�der tho Nota , .
<br /> •, 4.C6arg�s;LIea9.Barmwer s1�aU pay all taxes.essesaments.c�ar8es.fiaes and impositloas attributabla W the Property . • .
<br /> whicb may atteia priarity over tLis Security Insnumant,end leasehotd paymeats or gouad re,nts.i4 aay.Borroaes shall pay . .
<br /> . thes�obligatians is tho manaer pmvided ia parag�apL 2.o�if not paid in tbat maaner.Bormwet ahall pay them on timo directly . . I
<br /> to the yersen owed paymen�Borrower shaU pmmPtlY t�mish to Leader all noflces of amoimts to ba paid under this paaagtaph•
<br /> '- If Bonower makes these payments directly,Eorr�wer ahall pmmptly finaisL w Lender receipts evidencing We pay�eats• ,
<br /> - Bormwcr abaU promptlY dise�ar80 at►Y lie�wbicL has priority over this Securiry Instrument unless Borrower:(a)agrees in .
<br /> � writing w Wa paymeat of tha obll�tioa seeured by tha li�in a maaner accePtable to lr�der;(b)contests in gaod faitie the lien '
<br /> by. or defends against enfonxment of tha lien in. tegal Praceed�a88 which in the lender's opinlon opezata W p��nt the
<br /> enforcament of tha lien;or(c)secures fcam ehe holder of tha lien aa agreement satiafactory to Leader subordi�ating�e lien t° . .
<br /> � � � ti�is Se�urity Inatrummt.If Leader determines that aay part of the Properiy is subject to a liea wl�icb may attain priorlty over . .,
<br /> � � Wis Security InsWment.Lmder may g'�ve Borrower a nodce identifying the Uea.Borrower sLall sadsfy tha lien or tulca ona or . .. .
<br /> � mora of the acrions set fo:th abova withia 10 days of Wa giviag of notice. f .
<br /> �m soas s
<br /> . � 11�l- 1567
<br /> . � :� ��iFitluElt��,s�.o, LT044 gaezeie ww»�
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