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<br /> TOGETI��R WITH all the improvements now or hereafter erected oa the property, aad a41 easements, aPP��•�a � . � . �
<br />- fucuues rrow�r��aftrs a�art of the pso�ty.A{I r�gla;cmes�ts and addi�ons sh�ll sLso�cc3vered by ihis Seasity Tnstrumenc F� _ . . _ -
<br /> All of the foregoing is referred to in this Security Insnvment as the"Propecty." � . •
<br /> BOItROWER COVIIVANTS tbat Borrower is lawfully seised of the estate heceby conveyed aud has the right to grant and . ,• ,
<br /> convey the Property and that the Property is unencumbered.e�ccept for encambrances of record. Borrower wamants and will � •� . , _
<br /> defend generally the tide so the Pmperty against all claims and demands,sub,jecc w any eacumbrances of rewN. , � �
<br /> TEIIS SECURITY INS'IRIJA+IFNT cambines unifosm covenants for narional us$and non-uniform coveaants with limited E .
<br /> variarions by jurisdiction w constimtc a unifonn security insaument coveauag real prapeaty. � .�. .- T .. . : ,-
<br /> UNIF'pRM COVENAN'I'S.Hosower and Lender covenant and agree as foliows: � ' � , .
<br /> 1.Paym�t of Priacipa➢aad Interest;Prepayment aad Late Charges. Borrowea shall prospily pay when due the ; � °
<br />" principal of and interest on the debt evidenced by the Note and any prepayment end late charges due under the Note. '
<br /> 2.Phnds for Taxes aud Insuran�e. SlIbJOC[fA 3��iC2bIC �39! OI iD S WYIIILCA VJ8IY2!I3}/ LCIIdCT,Borrower�all pay to ' -
<br /> Lender on the day monthlY Payments are due under ttte Nots,until the Nots is paitl ir►fiil1,a snm("Funds"}for.(�}zarty ta�ses . .
<br /> ta s
<br /> and a�nents��iyh may auain priority over this Seca�rity Instrument as a lien on the Property;(b)YemdY leasehold pa}maea►ts � .:;t i�.:.
<br /> . or g m u n d t e n t s a a t h e P r o p e a t y,i f a n y:(e)Y e a r l Y 6�d o r p t o p e rt y�studnCe ptemi u m s:(�Y e az 1 Y flood incnran�p��,¢ � • .. -
<br /> anY;(e)Y�Y�Se insurance premiwns,if any:and(�anY s�ms FaYable by Bormwer to I.euder,in accordance with the . . :_s.s'
<br /> Fro�I�ons�f�:..�c�'�dph 8, in lieu of the payment af mortgage insuraace premii�ns. '�'hese items are called °Escrow Items." � �:.�,'-�'�"`
<br />� i j�c�r may,u�ay mne,cu�and hold Funds m an amount aot to exceed the ma�ma aiaount a teuder for a fedeialty celar,ed ! � '"':`"�°`""�,
<br /> :�._ .
<br /> ' �r�ge loa��ay require S'c-:Borcower's escrow account undea the fede�al Real Fstate Settlement Proced�ues Act of 1974 ac _
<br /> ame�ded fc��e w wne,12 U.S.C.Sec��n 26Q1 et seq. ("RFSPA'�,imle.s5 anothea taw that applies w the Funsls sets a ie.sser � -
<br /> : �estimate the amoart�Fan�'s s�e n the basis of cUrm,�t data d reasonaitle�estimatss of���ues�f fuUue Fiscxow ttr,ms ca � .�.:�'.�'y<���';,.-
<br /> a�eaavise in 2s�ordance wi�a��icable taw. � . .•��-.��_
<br /> �• The Funds stiaU be he':nl��inssri'Uidon whose deposirs are insiued by a fedeiaD�•^Y,insaumeuiality,or e�tY(including '� . � . —
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<br /> L.e�dea,if�Bs such aa instiwtion)or in any Fede�al Home Loan Ban1c.I.c.nd�u sall apply the Fuads to pay the Es�s�nw �.s:," .��� �
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<br /> � Items.Leades�y nnt charge Borrawer for holding and applying the ruuds,annuallY analyuing the escnow accaunL or veaidy�g �
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<br /> �*�Fscrow I�,�mless Lend�pays Borrowea iatraest on the Funds and a�plicable law p�mits Lender w make such a charg� � ^ i`.
<br /> �z v e i.L.r.�3 e�m a y r e q a i r e Boaower ro pa y a o�r�char ge for an independent zeal eslate tax reparting��e used by . . .',"_�.t.�'
<br /> � Irsa3�m c�a�tioa witb�is 1oan.anles4 applicable�-�,�mvi d e s o t�erwise.U n l e s s an agreemeni is m z de ca�s c a b l e l aw . � t�'•
<br /> '�`, �quBes ia�t�be paid,Lender shu}1 nca be requmed p pay Bo�muer any interest or eammgs es the Funds.Borrower 2:�� • '' �.;•r''f';',�•! '
<br /> � � �:°c;;�
<br /> ;�s Lxa�der cnay a�in writing,however,t6as'm',ea�est shall 6e paid on��unds.Leade,r shall�ve w�rc�wer,without ci�arg°..m � ;,�.��
<br />" aanual acconntmg of the Fimds,showing cxedits and debits to the F�as snd ihe pwrpose for whic��c�e..c:�.p the Funds��.s '`.��' �w^::t s�i�
<br /> � made.'Ihe Funds are pledge�as ad.didonal security far all sr�ns seGnred by this Seauity Insuument "�-,,��,�;�„v,,;�( ��,'�� :
<br /> � Jf the Funds held b L�nder exceed the ammmts to be held b I�Ila law,Lender sball acco�2 ca Bouowes far ��``�i�r,":«; •., ;;+,� .•.
<br /> , Y A�.�d Y aP'P� "'. ;�;�s::• :i'.�
<br /> the excess Funds in accordanoe with the requirements of�lirable taw.If the amouc►t�of the Funds held by Lendra ai any wne is �.: , ... .
<br /> not saff cient to pay the Escmw Items wheu due,Leader may so no�j Beannwer in writfig,and,in snch case Bormwer shall pay - - �,
<br /> to Leader the amount necessary w make ap the deficiency. Bomsrrer shall make up the deficiency in no more than twelve `'�_•�'' � •3?� '.
<br /> r:--��_
<br /> montlilY PaYments,at Lendea's sote discretirn�. �� ��•-
<br />' Upon payment ia full of all sum4 secured by this S�uriry Instnunent,I�nder shall prampily refund to Bo�rowea any Funds '. � �``
<br /> held by Lender.I��nder paragraph 21,Lwdear shall acquire or sell the Prap�ty,Lender,prior w the acq�isition or sale of the _ '
<br /> t���.rt���'y�
<br /> Pro�erty,shall apply any Fhnds held by Leader ai the time of acquisirion or sate as a caedit agamst the sums secared by this � • _
<br /> . Sec,urity InsKnuneut "~�°'fi•� .`•_
<br /> 3.A lie�tion of Pe enta Q� l�cabte 1aw vides otherwise.all paym�nts received b Leader under !�s 4-�;`�`���._ .
<br /> PP Ym ePP� P� Y D�D ,•.,: .
<br />• 1 and 2 shafl be apptied:fuss,w any prepaymeat charges due under the Note:second,w amouats payable nndes paragraph 2; :':,;�; ;� -
<br /> thfrd.tn interest due;foarth,aa�cipal du�and Jast.w�N late charges dae under the Note. . ` �a"'
<br /> 4.Charges:Lkna E�awer shall pay all ta�ces,assessments.char8es.fines and impositinns atm'butahle tn the Propeaty ,. -�_�,_�'"�'-�-�-�
<br /> wtuch may arrd:.^�primiry ovea this Securiry Instrument,acd leasehold�eyments or ground rents.if any.Borrower shall pay these . ����"�=
<br /> obligations�t»e�ter�vided in paragraph 2,or if rtet�aid in c�c Qaanr►er,Borrower shall pay them on am�dsectly to t!►e '� �.��. ..
<br /> n owed ment Bc�mwu shall prom tl fumi�L�s�,Lender�nodces of amonnts tn be d under n't�� h If ••.��°:^"'" _
<br /> PetEO p3} P Y P� r�&aP • �,�,;�,,-,��
<br /> Borrower mak�t�ese pay��t�daaxty,Bmrower shatl p-ompfly fumish to Lender receipts evidencing the pay�'s. . . ; ..•;:,:r--
<br /> x, , Hmmwer�il prom�tly disct�arge aa;+2ir,a which has priority over this Seauity Instatunent iutless Bormwea:(a)agrees in ,,�;,;�,,r,.`-_"� .
<br />:';:;, writing to th��pL;.nent of the obli�ation s�vcd by the liea�in a mann�acceptab2e to L�nder.(b)accZesis in good faith the"s� . . .; r:°���:'.
<br /> by,or defends against enfo�ent of ihe lisn in, legal praceedings which in the Lender's o,�i�+ya oper.iie tn preveat the . '?`s":
<br /> eaiforcement of the tien;ar(r)secures from the ho2cter of ihe lien an agreement satisfacWry to LeBdea sul�.*'��.¢�g the lie�w !;;,; �... �.:.'':°.�•�`'�'_..
<br /> �s Security Instrument If��er detamuies that any pan of the prop�ty is subject to a lien alrich may z�.-��vr�rity avea this
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<br /> Security Insts-�ent,Lendea may give Horrowet a notice identifying the lien.Borrower shell satisfy the lieo cr Mke ane or r�ore '
<br /> of the actiu^s set fonh above within 10 days of the giving of notice. ' � ' :�'' -
<br /> . ;,.�.;:
<br /> Forrn E�28 9.�ID ' �
<br /> 1wa7lf�Qri(��y�2•21-Ot Paps2ate .rc�w�a: _,.,.,_.__ . �� .
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