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<br /> . � . �� ����� �-- % ,- ---. _ � . .}'_�.
<br /> T�GEI'HER WYTH all t�e improvemenes now or hereafter erected on the propsrty,and all easements,aPPuat�naaces.end �. ,,,. . . .
<br /> � ., fnc�es now or he�after a part of ihe properly.A(1 repla�emenis and adtliiions shall aLso be cove�ed by this SecuritY Instrument ----__^-__ - +3
<br /> ' Atl of the foaegoir�g is refe�reti to in this Security InsYiument as the"Prop�ty." � .
<br /> ; BORROWER COVENAN'IS tbat Baraower is lawfully seised af th�estate heceby conveyed and dsss the right ro�ant snd . . � `'�
<br /> . j canvey the Propeity and that the Property is onencumbered,accepc for ezcambraaces of record. Borrower warrants and will � . '�
<br /> i •�-
<br /> defettd geeerally the tittc m the Property agains�t all claims aud demsnds,subjett to any encumbrances of record.
<br /> � THIS SECUR1T7t INSTRU'.U�[�iT combines uniform cove�ants far nadonal ose and nan-uniform wvcnanis with limited
<br /> � variatians by jurisdiction w canstimte a uniform se�uriry insm�ment covering real Prols�rtY• 4 `
<br /> UI�JtE'ORM COVENANfS.Boaowea and Leuder caveaant and agm�e as folto�vx . .
<br /> 1.Paqmeat of Pr[n�al aad In4ere§t;Prepaynsent and Late C6arges. Borrower sh�ll pmmptly pay when due ths � ' � �
<br /> - '• i Frinci�sai of and interest on the deht evidenced by the Note and any prepaymeat and late charges due undea the Note. � ` t ",'.- —
<br /> •' 2.�1mds far Tases and Iasarance. Subject tn applicable taw or tn a amtten waivea by Lender, Bonower sh3t1 pay t� ', . . � �.
<br /> L.ender ou the day monthlY Payments are due under the Note.until the No�is pazd'm fu11,a sum("Fnnds'�for:(a:Y�Y�� .
<br /> aad as�essnenis w6ich may aitain priority over this Secmity Insuument as a liea on the Propeaty:(b)Yeariy Iease�ald gayments .
<br /> or gmvnd renis an the Propeaty.if anY:(�)Y�Y�d or pmparty ins��ce premiums;(d)Yeffiiy Caod ins�uance premiwns.if '" . �.. �..
<br /> anY•(e)Y�r1Y aiortgage insivance pm�iams,�f any,and(�anY sams loaYable by Boimwea to Leuder,in acc�rdauce with the . , :
<br /> `� pmv�sions�f paragraph 8, in tieu of the paymr�t of mangage ins�uance pmmn�ms. '[hese items are c;alled "�srow Items." S � • —
<br /> �i.ender may,at any tiwae,c�llect and I�old Funds in an amauni noL w exceed the ma�dmnm amouat a leuder for a fedexally relaned � , �' `�'� .
<br /> motigage loan may require for Boaov�er's escrow aocount under the fedeial Real Estaie Settlemant Procedures Act of 1974 as �:_, °6:
<br /> �, , ;' . ,"
<br /> amended fram time to time,l2 U.S.C.Section 2601 et seq. (°RFSPA"),anless another taw ti�ai agplies to ihe Funds sets a lessca � , ; ,.. -. ...:.�;.
<br /> .;'�� .. �-r•l __ .
<br /> amount ff so,L.ender may,at any time.coIlect and hold Fnnds m an amomnt not tn eaceced the iesser amonnL Lender maY '�`.�"'..:._;—
<br /> ,. ��rr'^:
<br /> es�mate the amoimt of Funds due on the basis of current data and r+easonable estimaYes of expendituces of fuhue Escrow Items or ,..�.�--:• ., ,,•—
<br /> mhararise m a000rdance with appfic�ble law. � ,�- ' %''�a�
<br /> ' 1Le Fimds shall be held m an instiwtion whose deposics are insured by a fedetsl agency,imsuumentality,or eantity Cmcluding . ', „•�::-�
<br /> . Lender,if I.enMa is sach�institutinn)or m any Fedeial Home Loan Baz�tc.Lend�shall agpty the Funds w pay the Esaow ' - ..-.;;;.;:.;-. °•-
<br /> __. �,-_,
<br /> . Ite,ms.Lender may not charge Borrowea for holding aad aPP�B the F�ds,annnally analyzing the esccow acco�mt,ar vetifYanB - - �:_,.. :vzc_.—:-
<br /> the E�mw Ft�unless I.eIIder pays Boirower iat�est on the Funds�'i applicable 1aw permits I.eudea m make sach a char� . � •,��.,
<br /> Howevex.Lender may req�ue Boirower to pay a one-time cGarge fos an indepeade.nt real estate ta�c tepo�tin�service used by •., -� .
<br /> � Lender in wnnecdon with this loan,unless agplicable law provides otheaavise.Un�a.n agtee�ent is made oz�ptit�ble law . - , �;`�`
<br /> �eqafres interest to be paid,Len�er shall not be req�ced w pay Bacmwer any interest or eamings on the Funds.Borrower and � - _`" _ ����•.
<br /> .. Lendea may a�ee in writing,howevea,that Enierest shall be paid on the Funds.Lendea s�l give�BonnwPa.without charge.an . ■,,
<br /> ar�oal accounting of iLe F�mds,showmg�tts and debits w the Fuads and We pmgos°foa which e�ch debit s�t8e Fnnds was '-_; � . . ` { :.`:°•
<br /> mar��'Ifte Fands are pledged as additional security for a1D�ams sec�ued by this Secvrity lesuvrnent
<br /> . ma -
<br /> If the Funds held by Lend�exceed the amamtts p�ed to be held by appficabte ta,-w.Leader shari account t�Btnmwes for , y �.;��.:,1, . -
<br /> � the excess Funds in accardance with the nquaeansnts af applicab2e law.If the amoumme cf�he Punds heid by Lender at any time is , ��:�` �'=` . �'
<br /> 'Mrf;,dY1 � i ,�'��:.
<br /> not st�CienY ue�ay the Es�row Items whea�due,Lendea may so notify Boirowea in wrivng,and,in such c�se Borrowes shall ga�.� ..,"�:
<br /> r y' *".
<br /> � to Lender�2�nt n� to ma�se cy�ihe defiaency. Borrowea sDall make e,p the defcciency in no moie than twe>� ,��.� . ' �., .,..`i ��
<br /> ' ��Y PaYme�ts.at Lender's�al«disc���. �`��,., - , ,c
<br /> � n ent m fnll of ai'�snms s�.�by ihis Seauity Inslrument,Lend�shs�'pomptiy nfimd w Borcowea any Fuads �a�}:�' :•"._T �<� --
<br /> •. Fo PaY►n � e r ' r[n t h e tion ar sale of the iy"•,'�� Y�`���.,"
<br /> ,;.,.
<br /> �e�d by I.�der.If.�nd�P��Ph 21,..,e�e�shall acquue or sell dae Progerty,Lend ,Ifno accla�I ,/�,y�,... , ' �, f _
<br /> ::�,r p i n p e r t y►,s h n l l s p p l y a n y F�m d s h e t d b y�...�n d e�a t t h e t i m e o f a c q u i s l ti o n o r a l e a s a c r e d i t a g�i nst the s�s secaued b y this t''"�„„ ' .':�=
<br /> ` `�''` Secarity lnsttumen� ..-. . � I'�:r i�r"
<br /> �<,.,.
<br /> : ;•:' 3.Applid+tton of Paymenta Unlesa applicab2e 1aw prov'rdes otheawise,all paymeats received by I,ender and�pa�hs ;�,1` �,.� ; R�:�., '_.. --
<br /> Il�d 2 shall Ue applied:fust.w any psepayment charges dne and�the Not�secoad.tn amoants payable under paragraph Z: ft�:,_,..s--�:.—
<br /> �ad,w int�rest dve:fourth,to principal due:m�d 1ast,to any tate charges due undea the Note. '`.'"�`�
<br /> 4.C6argt�;Lien� Bormwer shall pay all taxes,assessments,ctsarSes.fines and imposiGtons s�'buiable to the Pmgerty �'•""-;;�. _ '�'�-1-�::�
<br /> which mey a�priurity ovu this Securit�Issuament,and 2ratehold paymeats or gtound rents.if any.Bonower shall pay t� ,! .
<br /> obligations in the manne�pmvided'ui g�h 2.or if not paid in that manner,Boaov�er shall pay them or►dme directly tn ttse T.;����:�
<br /> ' pe�son owed payment Botrower shall p�ptly fumish w I.end�aU nodces of amaunts to be paid wndea this pa�giapb.If :,. ��'.�•;�r'-
<br /> >.:� Bmrowu makes these payments directlY,P�cc►wer sh�D p�mpUy fumish to Lendea r-....�pts evidencing the payments. �"- ,�'�;:
<br /> Holrower shall promptiy discharge�}��which has priority ovea this S�avity'sasnument anZess Boirowa:(a)agrees in �-,��'�'"�--
<br />' ��r..`� arritu� w the t of the obli ���ed b the llen in a manner acce��b2e w Lender,(G}crmtesrs in good feith the lie� ' �'� �"`"�•
<br /> 8 P� B� Y i�t�':.-r:�" —
<br /> �y, or defends against enforcem�:�r�aE�en ln, legat Pmce�clin8s ahicfi in the Lender's e��io»opeaate w prevent the .-,.�. �.;�_
<br /> �as":zcemerzt of the lien;or�.)��a�the hold�of the lien an a�reement satisf'adnry to Lender subor '�?�g the lien to � .
<br /> . �.:��ecurity Instrument If L�er d�es��zes that any part of�:e Pcoperty is subjoct tn a liea wlucb may auain prioritY aver Wis � . � �
<br /> • Se�atrity Ins�i-nent,Lendea may glve B.�rwer a notIce identifying the lien.Boaawer shall satisfy±�e llen or�1ce on�or mora . � �,
<br /> . oP the a�tir..::�s�:fonh above wittun 10 tt�.i s af the giving of notice. .. . .- �' .
<br /> Form 8028�J�i •
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