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<br /> TOGE77�]F�all the impravementsnow or hereaYterered.edon t�e pzoperty.and all easements.a;sp .: • L::=-,y
<br /> � fi�wes now or hereafter a part of the property. Fill reptacements and additions shall also be covered by this Security .. " ; - - -
<br /> � InstrumenL All of the foregoiag is rePerred to in this Security Instntment as the'Property.° '.�`� �
<br /> � B O R R O W�R L',O Y E N A N f S t h a t B o r r o w e r i s I a w fi d l y s e i s e d o f t h e e s t u t e her eb y coave y e d and has the r i g ht to grant an� �;:��:'_°
<br /> , coavey the Propsrty and that the Property is uaeacumbered,except for encumbrancesof reoosd.Bonower vrarrants and will ,.���.`_;-
<br />- defead�eae�alty the tiile to th$Paop�y against all c�a�ms aad demauds,subjed to any encumbrances of record. _ ��
<br /> TFIIS S�CiJRPTYINSTRiJN1ENTcombiaes nniform oovenants for national use and non-unifnrm covenants with lu�ited , . '_�� _
<br /> vaziations by jzuisdiqion to constieute a nniform secnrity instrument oovering real properiy. ° =---
<br />� [JNE�ORMCOVEY�TANTS.BarrowerandLendeecovenantandagreeasfoIlows: . ' ._��`��-_'-
<br /> L Psy�e�! of Petndgal aad Intere.� YMePayment and Late Cha�gca. Borrower shall Pr�PUS+FaY when due the - � ' ;;��',�.'-• _
<br /> priariFal of and iaterest mn the dabt evidenced by the Nate and as►Y P�Ymeat and laie charges due under the Nota , . -_
<br /> 2. FaaBs tos Ta�s aad Insuranoe.Subjeci to app2icable law o:to a written waiv�r by 1.ender,Borrower sball gay to , ,;�`�R'�r�_._-
<br />' Lenderon the daY��Y Payments aze dne anderthe Nate,unt7 the Note is paid ia full, a suoa('�u's'� for.(a)yearty t�s ,: �`
<br /> and assessa�$t���y�nPriority aver this Security Instramentas a liea on the Properiy;(b)Yearly leaseh�dpayments --
<br /> (�Yearly flood ins�aaac�pmmivms, '�r-; _
<br /> or ground rents on the PropeRy,if any;`j�YeariY ha�ard°'I ProPe�Y���Premiums; _ - ,
<br /> if an}r te)yearly mor�age i�su�a�Pr,�zi,r-�,�,if any,and(�any sums payahle by Boaower to I.ender,in accordancewith :' , ,�,r��.�`e =_
<br /> -��:-,
<br />. the�rovesions of graQagraph8,in lieu of��.�t of mortgage inswance premiums.These items aze calied"Esccovv Ltems." . ,`�,,.,; �.; r;,�;:, :
<br /> f., i.,
<br /> l.��es cmay a�aay eiva�,colled aad h.o?3��in an amou�i not to exc�ed Lhe maxImum amottnt a lendu for a federaijy �.;�` 'r�� i,��.:r�':
<br /> .� se�.��rtgag�lbaa rr�ay r��fr�Borrowta's escravv aa�under the federal Rea1'EstateSettlementPro�xd�.^asArt ai ��r � " ��,�, i.t�� .;%�fg-`•
<br /> Fd�')� �lrss a�thsrlaw that upp�es ta�tit�1t�1�33 K.; ,'�':r"��i��r•i��,S s,.,�U i�� �;.
<br /> 1974���,��.r.��eff�m�Ye.i2 LT.S.C. S..cti�a�uIl�srq. (�� i�. �.�,:�;:;;;1 ,fis;�::��'��y��'�1�kf���fsti,::
<br /> ¢'filQ .(�i. ✓`[.
<br /> sets a lesger amcmr�.wt sr�, II.encw�r:aay, at aa�y�e,om��r an3 hold k�n34 iu sn amo�ntnot to exceed tha�;mxr��t_ P'•i'��,i�' � �t :�`„��rf a ,�,.�,..
<br /> ���'� ;�� ?��'F f%�%•« �"'
<br /> '� �a.er3�:aa�amia�f�nds da�c�n t�e basis of aurent d�ta�ud ceasonableestimatesof t�esc;� . :s'.�`:;�:�4 r �r.
<br /> ,,��f:'��: Lendermay estim � .. '�;,,.;;�_,,:! .
<br /> ��}rt:, `f� �;:'..
<br /> :: e in aac�nrckanse wlth ��'.�, �`�`'.`;��
<br /> �` Fsaow Items or ot�;sa� apgl'�ble law. '
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<br />,�1F�' �':���C.j-.f�'� : � ,.':.�pf f,r:�.• !.
<br /> ` The Fnnds s'hafl be heid in an ins6tu3ioa v�ose deposits are insured by a federal ageaey, instru�entality.or entity � :,;_ r.�;...u,:•,� ., ,;
<br />,:;:r.:; �a�r.�Lender is sach an inatitation)ar in suy Federal HouceLoan Banic.Lendershell agp[��e Fimds W pay We .':}T.. _ _
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<br /> , ��awitems.II�eadecmtaynotchargeBonowctfothold'mgaudapplyug�ie�mds,anauallYanalY�r�eesa°Naccount,or
<br /> � ver�f�g theEscrowItem�unlessLenderpaysBorroweriuterestoatheFimdsandapplicablelawgec��Lendestomalcesucb . - '� .,: .�.
<br /> a cbarge.However,Leadermay seguire�orrowerto pay a on�rimecLargefor an iadegendentreal estatetax reportingservice '-.;- .���:
<br /> used by Lender in connection arith this toaa, ualess applirab2e!aw pravides oiherwise.IJatess an a�eementis made or _ __
<br /> ' applicablelaw requiresinterestto be paid�Lendershall noi be requsedto pay Borraweruny interest or eamings on tfie F�dn. :� �, �.,-
<br /> . � Borrower and Leuder may agree in writing, however,that inter�stshal!be paid on the Fundg.Lender sha11�ive w Horrawer, .,. ;�::..'�:�•
<br /> without charge,an annnal accountiug of the F�ads.showiug credits and debits to the Ft�nds and the purpose fa:which each �� �.�
<br /> debit to the frY�nds w��ade.Tha bLads are pledged es additional security!or all suma s�cured by tivs Securiry InsWinent. ��� .°°�_
<br /> L.endersh�llaocounttoBarrower °�''_•� .
<br /> If tho FWads held by Lender excecd the amouatsgermiuedto be hetd by agpfica5le taw� �"�?`� '"-
<br /> ceed
<br /> � for the exress Fhnda in atcozdaacewith the requirementsof applicable law. It the amount of tne Fuads heId by Lender at aay y ���: '. __
<br /> � dme ia not suffident to pay t ho E s aow I tems w h e n d u e�L e n d c r m e y s o a o t l t�t B o n o w e r i a a d t t n g, a n d,i n s u c h case 13onor�rer ,__:��` '_�::A`��,.-��r.�:
<br /> " , shall poy to Lender ttie amouat aecessary to ma�e up t6e deficieary. Banower ahall malce up the def�ciency ia ao more th�aa . ��
<br /> tweive monthlY PaYmeats,at Leader's so2e disaretian. '- -
<br /> Upoa payment ia full of all sums secured by Wfs Sec�uity Instrua►ent,l.ender s�haU promptiy refuad to Honower aay �'� __
<br /> Fuads heldby l.ender.�uaderParagapb2l,Lenderalratl aaquire or sell the Property,�.ender,prior to the acquisition or sale - !�� ��;-�.; '
<br /> �rt�' : _�-,.f-_
<br /> � of tbe Yroperiy�shall appty any F'uads held by Leaderat the ei�e of acQuisiflon or sate as a credit a�iast ths sums securedby ��r��,._��
<br />� Wis Suurify Lastrameat -
<br /> 3.Applka8o�of paymtents.Unlessapplicablclaw gravides otherarise.all paymentsreceivedby Lend�runderparagaPf�s �°'_ =�.-...:.--.—
<br /> 1 and 2 sva11 be apptieed:Srst,to a�r prepaymentcharges dae�der th$Note;seoond,to amouatspayable uader para�raph2; ���,�
<br /> tbird,W interest due;fo�uth,to�apal due;and tast,to aay late charg�es due under the Note.
<br /> 6nes and iaa sitions attnbutableto the Property - �'��=�"'�`__
<br />, � 4.Cha�esi I�tns.Boarower shall pay all taxes,assessments,charSes� Pa =-----�N".-
<br /> � `r whi�h may attain priosity over t7�is Security by.sirument,and leasehold payments or grouad rents,i$2ny. Barrower shall pay �„=•_',,.,,�- .,,v,
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<br /> �ese obligntiams in,�he mannerprovided in�a�'.,�apb2,or if noi paid in tha4 manaer,Borrawersba�U��them on time directly : ��c":
<br /> ' W tLe person owed payment.Borrower shall giomptly fumish to Lender aU nodces of amountsw be�i.3 uadertbis paragrapb. "'� � _ .
<br /> � If Boaower malces these paymenia directty.Barraarer shall prompily fumish to Lender receipts evide�ciag the payments. '.,-,•� - .
<br /> ' Borrowershail prampttydischargeany�iers cvhich haspriority over this Security Iastrumentunl�8orrowe=:(a)ageesin :..;.� . —
<br /> . '� writiag to the payment of the obligation securedby the lien in a manneracceptableto Leader,(b)oo�ts in good faith the lien ,. '""=�
<br />� � ' by, or defends a�ainst enforcement of the tien ia, legal proceedin�whicl� in the 1.ender's opinian operate to prevent the '-.,_.:'�°�a`"'�",
<br /> enforcementof the li�n;or(c)secures from the holder of the lien an ageementsatisfact�ty W Lender subordinaringthe lien to _ - � �' °���">��.=
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<br /> � thiv�scurity InsWmenl.If Lendcr determiaesthat any part of the Property is svbjed to�lian vWhich may attain prioritY over , :-��r�„�:,�.t..-
<br /> Wis Seauity Iast:ument,Lendar may giva Bortower a notice ideatifyiag t�e l�ra.�arrowershaU saSisfy the tien or take one or ^�'�;••-.--,-_:� -,:
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<br /> more of the acxiaas set fosth above within 10 days of the 8iviag of not�ce. . ..,,-Y,�. ,:
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