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<br /> 'POGE3'HER WiTti a!! the improvcmcnts now ar herrafter esectad on the pro�rty.akd a!1 easemenLg.o�p�+rtenances.and �, ` . -
<br /> futurc�aow or hereaftra n pact of t�e prop�ty.All replacesrtenis and additinns shail also be coverehJ bY this Securiry Instsument� : .. -
<br /> All of the faregoing is referred co in Ihis Saa�ritY Insuument as thc"Propeaty." , ° .
<br /> ' BORROWER COVENAMTS tAat Bortower is l�wfully sciscd of the est�ate hereby conveyed tu►d tias thQ right to grant and . • _
<br /> , convey !he Pcopeny and that the Property is unencumbered.eac�epl fcr eacum6�ances of record. Borroaer wanants and w�1 . , .
<br /> d�fend ge�e:allY the tiile tti the Pcope�ey against all ctaims and demands.subjact tn any e.acumbrances of cecord. -- ---- - - `-
<br /> • IIVSTItUMENT wmbines unifoim cnveaants for natioAal use snd aon-uniform coveuants cvith limited �- - - - .-
<br />. TL�IIS SECUATfY �,,,
<br /> • Yariarions by jurisdicsian►n conssitute a imifonn sea�r[ty insuumeut covenng real pmp�rtY• i . ' ' .
<br /> UPt�URM COVENMI'I'S.Batrowet and I�ender��d Late Ctiarga�.��Bonower shall promPaY PaY whea due the � • . ., _
<br /> 1.Payment of Prtndpal aad Iate�sti��Y�� a ent aad lere chazSes due ander the Nors. � � • � " � �
<br /> pratcipal of aad int�st on the debt evid�by the Note aad any prep W► , . , ,
<br /> Z.Favds for Taxeg aas Ins�aase. Sabject ro appticable l�w or tn a wiiuen waivca by LendQr, Bomawer shall paY w f . • ,_ �� :
<br /> � Lcndea on tbe day monthlY PaYm�s�e due under the Note,unu7 tha Nate is paid in fu11,a sum{"Funds'�for.(a)Yeat17+taxes ; ' 4'_��•�`---
<br /> ' and assessmenu which may atrann Pnori►Y ovez this Securiry In�dvmeat as a liea an ohe Pcoperty;(b)Y�r1Y teasehold payments "---
<br /> . ar gtound reuts oa the Fcaperiy,if anY.��)Y�Y��d�P�Y u�sutaace�um�(d)Y�rly ftood msuaance pietiuums.�f _;i�i-_-
<br /> tf an}r,and(�anY sum�PaY��dY�orrower tn I.ender.in ac��daace with the < .� •� .—_-
<br /> anY:(e)Y�Y mo�Se insasance premiums.� � .�-=_-
<br /> , pmvisions of paragiaph 8.in lieu of the payment of moitgage ingurance premimns.These items a:e called "Esarow Items." ;��...-.__
<br /> par� ap �888 '
<br /> ` I,endet may,a1 anY time.collect and hold Funds in aa amount uot to exoaed tbe maximum amount a lende�fos a fedeaally related �""
<br /> mart�e toan maY recluue for Botrower's e�xow aocouni andar the fedetal Real Fstate Settlement Froced�res Act of 1974 as ;'. �__'_-`-�_
<br /> ,` ameuded fmm time to dme.12 US.C.Sect�n 2601 a seq. f'�PA'�,anless anoiher law tbat agplies w the F�ds sets a lesser �-- �----.-
<br /> �' a�nount If so,Leadea may,at�Y time,oallect and hotd Funds in an amaunt nat tn exceed the IessQa amount Ix,ader maY _. .�:.--.�-°-.
<br /> �the amount of Funds dne on ihe basis of c�ment data aad re�nabie es�tim�r,es of expeaditure.s of famre Ssaow Items or "' -�.� .` t
<br />. , o'the�wise in a o o o r d a nce with a p plipb2e law. "'"����.
<br /> � 'Ihe Fands shall be he]d'm an�don ahose de,gosits are ins�ed by a fedeial aBencY,insoramc�►tality.ar entity C�ncla d i ng ,°_�
<br /> '�` I.endea,if Leader is snch aa�on)or in aay Fed�al Hoane Loan Bank.I.euder sdaII app1Y the Funds to pay the Escxow . ...��:�y�
<br /> ., Items.Lender may not charge Bonow�for holding aad applying the Funds,aiwuanY analYz�g the e�mow axount,or v�ifyinB �-Y
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<br /> the Fsaow Items,an!ess Lendea pal+s Borrower intecest on the Fnnds and applicable law pe�mits I.endcar ro make sach a charge. : �;_:
<br /> � H oweves, E�d�r ma y r e q a i r e Bo�o�vea w pay a on�tirne ct�e for an�d�ffideat real�tate tax reportin8 seav[se�sed by �`: ti. 1�*: ,
<br /> � Lenda i.�wnnection widi this toan,vnJ�s aPPlicable law provides otheawisc.Onless an ag+oement is snade or app l i c�h le l aw ,.�; .. -
<br /> requffes inte�est w be paid,Lemdea�s�not be required to pay Hoirower any intc.�st or�riu�s on the Funda Bormwea and . �:.':
<br /> � �' I.endea uiaY ag�I°cvnnng�howeve�.that interest shall be paid on sue Fuuds.T�d�s�.�tn Borrowea,without ctr�,am _ .; ::�;;.
<br /> cnnnal accaunting of th�Fmnds.showing credits and debits to tbe Funds and��.+-•.rose for wtrich ea�ch debit w the Funas was :t_•%,
<br /> made.Il�Fnnds are pledged as addidonal securlt�►far all sums secvr.A by tb��e�y Inslru�me�t ,i'�'`�
<br /> If tt�I'unds held by Y.ender exceed the amounts penaiVed to��eW hy applic�b2e 1aw,L$-�ea shall acco�mt to Bou��•c-r s�r s``,.
<br /> � the excess F�mds in accoidance w�b ihe tecin�em�ts of applirable 1aw.If the amount of ihe Fuuds held by Tx�der at aa���.e is
<br /> not siuf�cient w pay the Esaow Items wheu dae.L�eadra maY Borron wea shall m21ce uP the deficieairyh case morewtdan melve r' 4 i �..
<br /> . w Leadei the amovnc necesssry w make ug the d,�ency. � -._�._
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<br /> caonthlY P�Y��+at Lender's sole disaetion. `�`
<br /> ' Up�u C�Y�ent m full of aIl sums s�cared by this Seauiry T�.�eat,Lendea shall promPfly refnnd to Bormwer�g�nds �h;`�. ' �
<br /> � held by I.endea.If,under para�aph 2T,Le�der shall acquire oY:�31:�e Pmperty,Lender,Prior w the acquisition ar�ef tha ,�.��:"��
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<br /> � p�y�sty,shall app2y any Funds deld by I.e�dea at the ume of aa�-^�sidon ar s�e as a caedit aga�st We sums seaua,��Y this .�R�^='-
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<br /> r� Sectuity InSOmIlleai � -
<br /> . � 3.Appt�Catton ot P��enta Unless appW�b2e!aw provides e�se.ali:payments received by Lender under�a�rap 2 _�
<br /> , 1 �d 2 shaU be applied:fust.w anY P�PaYR►ent charges due�t1:e Note:secand,w amo�u►ts payable undea P�i�'wP ��. � _
<br /> . third,m inteaest due;fomth,to Principal due;and last.tn any late ct�es due undca ihe Note. .�.��.�•:•
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<br /> 4.Chargesi Lkas. Bosmwer shall pay all taxes.ass�.charges.fines aad�posirions attnbutabla w the Pro�ty - ��._.*.,..
<br /> � � whic6 may a�tain PriasicY ovei tLis Security L�suumr�`..�?..�:r.��d paymeacs or ground renm.if any.Baaower st�all paY these :-'�_u�� --_
<br />� � obligadons in the manner provided m yaragraph�,�c i,�ca��ir�t�at maaucr Bormwa shall pay them on time direcEly tn the - • �.
<br /> + tl fumish to Leur�er-�► nopises of amounB w be paid under this paraBaaph.If _-w��q�„�±�,,-;-�
<br /> : person owe�payment Bmrower sy�all promD Y ..
<br /> . ;, Baaower makes these Dayments di�iy,Bormwar shall pmm��i�fumish w I�des recei�ts evidencmg the p�yments. ...�. •. , ....':
<br /> • Baaower shall prompdy discha¢8e anY lien whic6 t�as priarity over tttis Sec�uiry Insttament unless Soirower.(a)a�ees in �,,,,�a�r�:.•�
<br /> v�rrihng to the paymeat of the obligatlon secraed by the lien in a manner ecce�table w Lender,N)contests u�good faith ihe li� � ,,��M1._.. ..*
<br /> � 8 n w ent ihe '��-`-
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<br /> by.or defeads egainst enforcetnea�t of the lie� in, te8�P�'�8g a�ich in the l�da s opinio aP�aate P� �::.,.+. :. .t
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<br /> � enforcemcat of the fien:ar(c)secaues from the hoider of the lien an agreeffient satLdact�ory tn Le�der subordinating the lien w . ..._
<br /> ' � tLis Secuciry Inst�ument If Lender dete�mines that any part of the PropPaty is sublect tu a lien whkh may ati�in priarity ovea this ,�.--_-__ - .
<br /> ve Boimw�r a aotice identifyin8 the lien.Botrowes shall satisfy t1►e lien ar talce one or more "•:"''�`��
<br />' Secerity Iasut�menl.Lea�der maY 8� - �s"'�ti";.
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<br /> , ag�he�tions set fmtb above within 10 days of the giving of nadce. �:-r�w�:•% .
<br />, Form 802s �l80
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<br /> : Pap�2 ot B �nn�ah: - . , , ... .., -
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