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<br /> d �Mry,Sl� ��o a(��►�� � _
<br /> RE•RECORDEI�7o Vv�r■sd • • ,, _
<br /> 'POGE'1'[�R WTfH all the improvemeats now or hereafter erected on the pmperty,and all� � � , ' -
<br /> j fixta�es now or 6ezeafter a part of the propacy.All replacements and addiaons shall also!se covered�� i� � � •
<br /> All of the forego^�.g is r�fecred to�this Securit}i�isuu�►eat ac slta"�ro�aty" � -- - ---_- , �`
<br /> , .�
<br /> BORROWER COV�IVa.M'S that Bonower is laafully seised of the esmte heseby canveye�ti and has ihe right to grant and • ;.
<br /> wnvey the PrapeRy and that the Praperty is unencumbesed.excePt for encumbiances of cecord. Borrower wasants and will . . -
<br /> defend generally the titls w the Prop�ty against all claims and de�nands,subject to any encumbrances of record. ,. , . ,. -
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covcs�ants wid► limited ' . . . .
<br /> variatians by jurisdictian m constihete a uniform se�uriry insuument covering real property. ---- `. ,
<br /> - UN�Rivi t,0i/EtiiAi�iTS.Boimwea m��i.�cc•r^ A p�ao��r s followx � -�-. `
<br /> i.Priy�ncent of�dnc�pal and Interesti Prepay�ent anal Late C6arges. Bonower shall prompUY PaY whea due the � -`°.-'='�,' ;: .c=t
<br /> princi�al of and inte�st on the debt evidenced by the Nore and anY prepayment and late charges due under the Note. .
<br /> . , .
<br /> Z.Faads for Taaes aud Insm9nce. Subje�t W appticable !aw or to a wriuen waiver by LeAder, Bormwer shall gay to ::_._ .-'•- :`.
<br /> Lender an the day mantbly Pal�neats are due under the Nots,until the Notc is paid in full,a sum("Funds")for.(m)yrarty taxes .,.�-. :
<br /> and assessments which may attain priority over this Secnrity Insuument as a lien on the Propeartyy:N)Y�ly le�sehold payments ".'= '�:°:%'
<br /> �„ -. ,, ,
<br /> �f any:(c)Yearly har�rd or prope�ty insurance premiums;(�Yea�ly tlood insirrance premiwms,if � �'..--�...
<br /> ' or graund rents on the Propeity.� �.6'. , � "���.
<br /> any;(e)YearlY�o�Se insurance pm,raiwns,if any,and(�any sums PaYahle by Borrowu to I.ender.in accordance with the • • '.,�,-_'�"'°
<br /> provisions of pazag:aph 8, in lieu of the payment of mortgage uuurance premi�ms.These i��� ��"Esc.T°w Items." ,;,� . . _���,A=::
<br /> ep maximnuaE�tlotu118 iE[idCd fOT d fedEt"dlly te}�d
<br /> Lender may.st any time.cnllect�d hold Fu�ads in an amount not to eacceed the `.: : �,:��..�. .
<br /> anortgage loa�may n4uue for Bomnwe,r's esaow account under the fedeial Real Bsta�Seuleme�t PracedQSes Act of 1974 as �
<br /> � ;�, ._
<br /> aa�nde�fmm time to time,12 U.S.C.Section 2601 et seq. ("RESPA'�.unless anot�ea law that apglies tn the Funds sets a lesser .:, �-.�„��:- ;,
<br /> Leuder may,at any tirae,collea and he�d Funds in an amom�t nuY ca eicceed the lesser aznauat Leaider may �:rxr _�-
<br /> • a�unt If so, � '��''"�
<br /> xf' ��-�,,
<br /> estimat�e the anaaunt of Fuads due on the basis of curreat�a and reasonable eswna!�mt�expem�idues of fuUUeFiscrow Items or ,f�r;. ?�'°�_ -
<br /> ' otheawise m�dance with applicable law. �`.-.��� � - � .•u•.'-
<br /> :: The Far�s si�c11 be held ia an instimti�n whose deposiss are ins�red by a federal agencY.insuumeniali�+,or entity(including ' ,,�":�S; ,:.�.:
<br />�'`t:. .JS.� ��.t•..
<br /> Leader,i f L e�.�s is suc h an ins ti t u ti o n)o r i n an y F r.d r a a l Home Loan Bank.I.e�dea shall appty t�e Fnnds to pa�the Fscmw � „ 4h•. .
<br /> ' Items.t ender may not charge Borm�vea for hoWi�►g amd applying the Funds,atsnuaIIy�alYting the escrow accoant,or verifying ;� .,�; .,-��Y:
<br /> '�'¢ h c a b l e l a ti v t s I.e n d e r t n m a k e s u c h a c G a r g e. �::;;,,'��;` ,,�`,
<br /> the Fsciow Items,unless LeAder pays Borrower interes4 oa t h e F�n d s an d app' P� ,�r,,,4,.:<_�: .
<br />,.�s,�S However,Leader anay reqirue Bonowec to pay a one-time charge for au independant zeal estate t.�x reporwng seavice used by - . . "
<br /> Pau is made or licable law '�'
<br /> �`.�'� Lender in cannectwn with this loan,unles�applicable law provides otherarise.Unless an agreeaa ePP ,.�',,�.. "
<br />��'-,�;;, .;..,:�:, .�..�.. .
<br />;',^r..1' requires intg�st to be paid,Le�ideea shaD�i be requlred w pay Borrower any int�st or eam�mgs�n i he Fun d s.B o a o w e r an� . _;.-,._,:
<br /> ��;�''1 Leuder may z�e m wri6ng,howaver.d�at interest sl�all be paid an We Funds.I.e��st�all give tn 8o�rower,without c6arge.aP► _ Y,
<br /> � �, annnal acca�ing of ths Funcis.showing cr�dits and debits w the Funds and the purpose for which each debit to the Funds was `��,���,..:'.`.a' , ,.^�.,,����:
<br /> �'`'�' made.'tl�a L�a�r',s are pledged as additlonal sacuriry for atl snms secured by this Security L�sm�menG ���?' • �. - , . ,
<br /> '`�;;• If�F�r]s held by Lendea exceed the amounts peartiitted to be held bY apPlicable law,I.en�shal�acco�nt tn Barrowea for P.�,::';:; .j •�. �:
<br />„°�� � _� : .. _
<br />."�`'�. t h o e x c e.4 v F u n d s i n a c c a r d a n c e w i t h t he r e quireanents of a g plicable law.If the amoant of Yhe Funds h e l d by L.e u d e r a t any d m e n s . : . ._
<br /> nmt saffrcier�t w pay the Esecow Ytems when due,Leuder may so notify Boirowea in writing,an�,in such c�se Bairawer s h a ll pay t:.:: :. `ar'
<br /> , �:•�_ _� .
<br /> �> w Lendea the amount n�ssaryr w make up the deficieacy. Borrower shall make up the deficiency in no more d�an tweive .`'�J.;� , �- �.�:-�t��=.
<br /> � ' moathlY Dayments,at Lender's sole discredon _ s�� ;:
<br /> Upon payment in fiill of all sums secucecl by this Se�urity Insmuneat,Lender shall pmmptly refuad w Botrower any Funds '_j;._-
<br /> , held by Lender.If,under para�aDh 21,Lcader shall�cquire or sell the Property,Lendra,Priflr w die scyaisiaon or sal�of the ,`L�;�.•-
<br /> • Propeaty,shall apply any Fuads held by I.ender ai the time of acquisision or sate as a credit against the sums secured by this , .
<br /> ' � Secwrity Ins�rament "`"'�-"�z�
<br /> � 3.Applicatlan of Pnymenta Unless applicable law provides othervvise.aU payments receiv4d bY.Leadez•�dc�paragraP� r
<br /> er ent char es due imdea the Not�second,to amrnu�4a paya6le�der patagiaph 2; .��..4' '-
<br /> 1 and 2 sha.,'be anplied:first,tn anY P�5'm S m a a
<br />;�,�;;: !l:.:���:
<br /> � � thud to int...-�^�t dn�fouith.m Principal dc�aad 1ast,to any late ch�cges u�ue undes the Note. . . r:, :
<br />`���`���i��: 4.CLargesi Liens. Ba�rower shall a all taxes,assessments,c7�a.�es, fines and impasiaons atm'butable w the Prapezty s-�
<br /> P Y ���.e :_,�`---�n:�:.-.`
<br /> ���? which may atmin PrioritY av�this Securiry Inswment,a�d ieasehotd pay[nea�ts or gmund rents.if any.Borrow�shail pay these ,�,..,,�...
<br /> abligetions in the mannea provlded in parograph 2,or if r.at paid in that manner,E�.rx�wer shall pay them on tune directly tn the :�,;a_.���'>
<br /> ��
<br /> � pelson owed payment Boirower shall promptly fumish to Lea►der all norices of amaunts to be paid under�his para�raph. If � ..�`-'�°•-�
<br /> " p so _ �..-
<br /> -';� ,; Borrower makes these payments direcdy.�aaeowex sdall prompdy famish to L,exidea receipta evidencing the paYmra►ts• �: "'�l:�Lti,: . .
<br /> w,• �r,.,� ..
<br />``?�. : Boarow�shali promptly discharge a��1��s�t�cdn 6as priarity over this Security Inst�ment unless Botcower:(a)agees u� ;. •.;�' . _ ....�;� _
<br /> writing Yn the payment of the obligation sac�W*nd by etr�lien in a manne�acceptabis w Lendea;@)contestc in good faith the lien � _. ;, .. _
<br /> bY. or defeads againsc enforcement of a�a liea� in. legal Proceedin8s wtdch in the Lender's opinion operate to prevent the : :�,�•.�- '
<br /> - enforcemea�t of the lien:or(c)secures�the holdeY of the lien an agreement sarisfactnry w Lendea subordinating the lien to ��'
<br /> .. thi�Seanriry Instn�nen�If Iander dete��tvat any part of the Property is subject w a Uen wtuch may attai►►priority ovea this _ . •
<br /> .� Sec�uity Ins�ment,I.ender may give��wer a notice identif}ring the lien.Borrower shall sap,sfy the lien or take one or moze � . •• : - -
<br /> of the acctiona set fmth above witt�in 10 days of the givaaag of notice.
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<br /> � Form SOII� O/a0 � --
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