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<br /> 'POGE1'HER WITH a!1 the improvemeats now or hereafter erected an the property,and a!l easemenis.apPwtenances.and � � " , 1�
<br /> •� fuwres no�v or heaeafter a part of the pmperty_Ap replacemenu aad additions shaq also be coveied by this Scceuity Inswmettt i .
<br /> A11 of the foregoing is refexred w in this Seauity Instrument as the"Propercy." ° ' ' . -
<br /> re
<br /> BORROWER COVENANTS that Bolrower is lawiully seised of the estate hsreby conveyed and has the right w g:ant znd K � -
<br /> convey the Progeriy a8d that the Prope,rty is uneacambered,exc.ept for encwnbranc2s of recard. Borrower w�aaants and will 4 �
<br /> defeud genetally the title to the Pcogerty against all claims and deaoaads,sub}e�t to any eacumbrances of record. � ; '
<br /> THIS SECURITY WSIRUNIEN'f oombirtes uniform covenants for national ase and aon-uniform covenams arith lirnited , .
<br /> variaiions by jurisdic�ion to cansdmte a uniform sec�rity instrument cavering real pmperty. ; : , . . .
<br /> IINffORM COVENANIS.Borrowea and Lead�covenant and agree as follnws: '
<br /> � 1.Pmyment of Printi�al and Interesh,Prepayment and Late Charges. Borrower shall promPtly paY when due the � • � , �
<br /> principal of and mterest on the debt evidenced by the Note and any piepayruent and late charges due ander the Note. F •�:" �
<br /> 2.Fa�nds for Taxes and Insarance. Subject tn applicable law or w a wriaeu waiver by Lercder.Borrower sball pay tn l • :.�1; ,
<br /> .;;...
<br /> I.euder on tlte day monthly payments are due under the NotB,until the Not�is paid in full,a sum("Funds")for.(a)yearly Fa�ces � - - •
<br /> and assesQnea�ts which may atrain priority ovca this Secarity Instrument as a lien on the Pmpeny;(b)Yearly leasehoW payments f , . .
<br /> or graund renc�on t�e Pro�aty,�any;(c)YearlY ha�aTd or pmperty�.sruanr�Jrremium�(�Yearly ttond insuiance premiums,if '
<br />. ',h ,�:=.�i"x'+.s.
<br /> anY;(e)Year1Y mor�e ursurance premmms, if any:and(f�any�ums gayai�by Bonawer[o Le�rP.�.in accardance wi[h th$ � •
<br /> pmvisiQns of paYagragh 8, ia lieu of the payraent of mortgage insivauo�pm.aniums.7'hese items aie calted "�sccow Items_" ` '� •:��;. :
<br /> Lender may,at any tiae,colIect and hotd Funds in an amnunt not to eACeed�s maximum amo�mt a lender for a fed�alEy relate� .. -.,. ,,�,r, .
<br /> . mo�tga�e 1oan may resguue for Bu:rower's escrow aocount under the federal Real F.staie SeWe�nent�rncedures Act of 1974 as ' � �*� -:-'���
<br /> ,4,"_
<br /> .. ameaded from ci�e us rime.l2 U.S.C.Section 2601 et seq• ("RESPA").�ml�another law that apgli�tn the Fands sets a tesser f �::r:F:� �-:+� T
<br /> amount If so.Lc�dcr may,az any ti�ae,colle�t and dold Funds in am amnu�t noi w exceed the �a.mount Lendes may �����;'����;' ' i�.i� �
<br /> �` �'
<br /> �dte amaanx af�vnds d�on the basis of cUrrent data and reasona�Ie estursates nf expenditures aC Cuaue Escmw Items or � ,�r;•i:4rf:::-r``'-��''�;'`:,`�-
<br /> 0$1CiWiS6tA8CCQ[�IILL°W11tL��•ZCdb1613W. !• j.•-
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<br /> '11te Funds shalI Ue��etd in an institu6on whose deposits are insared by a federat agency,mstramentality,or en�ty(iurluding ���;E;,-SY�;��..:;.�t��
<br /> ' Lender.if Lendcr i�s�cb an institudon)or in any Federal Home Laaa�acls. I.eudca shaU apply the Funds to py�Escrow . ,�`;��i:��- :`� -.
<br /> � ' Items.Leadea ma naa charge Bmaower far holding and lying the Fr�,.�nually analyzmg the escc;cawr actount,ar v . ',•e�r�J r E�.•' .
<br /> y � S �� ` '1?,"d��"� r�Tj�i�:. ;.
<br /> ' •�•...�. c.;..),'�� :
<br /> the Escmw Items,un:ess Leader pays Barrower intrsest an the�ecads�.��licable law permits Le�der.��r•mz���nds:i:charge. �� '��;cr;,+ >:;.. " �—
<br /> . However,Leudra may requiie Boirower to pagr a one-dme dra�ge fas���d�c�t estare�:r.q�roc���irae used by �.��:T`:�'��: .
<br /> Lender in connection with this fsan,�nless applicable law pra�es ortzeawise. U�au:��mV-.mc=zrt ia mmd�ac�'"�ble law ... ;;�;;; ,�, •
<br /> � interest w be Lend�r shali not he r uaed to ay Borrow�2�g i�t�est c��e au ibc t-�:..-�ds.Bonowe�and -�,� � ,i
<br /> recluires paid. �1 � P �� . .�'. a;�.�,x
<br /> Lende�r may agcee in writing,however,thut it�ic�c.-`'t shall be yaid on the T'uuiir�..r.,�.�.�sr s�,�ve w II�smruec,wiihout charge.an . � ���., ,.,• E
<br /> � annual accounting of the Fimds,showin c�cdiis and debits w the Funds au d�u: �^ s�sor w h'sc ti�d n.bit to U ie Fvn d s was '�" �
<br /> S P � ' �. :�:: ..
<br /> m�ie.'IYte Fimds are ptedged as additional security fOr all sums seaued by�rss�e�..'y L��ume.nt .� _ _
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<br /> I f ihe Fun d s he l d by I.e n d e d r e a c e E d t h e a m o u n t s p e r m i tt e d t n b e h e l d b y c g�l i c a b l e i a:�.L e n d e a s h a ll a c c o u n t w B o�r o w e s f o r -� �}'- '°� �� -
<br /> _ _�%s_�.•- [._ .
<br /> �.�.
<br /> : the excess Fm�ds ui ercordance wit6 the requuements of applicatote[aw.I�tUe amount of the Funds hetd by Lender at any time is � :;�,91�_
<br /> not suffccient to pay the Fsccow Itrans when d�e.LeRder may so aoiify aasmw�in writing,and,in such case Borrower shall pay 'E.'�"%=�
<br /> �� . tn Leader the amount nece.ssary to maYe up tha deficie� Bormnrer s�nJl make u the deficienc �n no mote than twelve ��`� -
<br /> �Y• P Y � . ..�. '• ,�,•_�.._ ..
<br /> monthtY PaYment�.at Lender's sole discrerion. �..:. ."��._
<br /> '� Upan payment in fiill of all sums secwed by this Secnriry Instrument,Lender shall prompdy refund w Hosower any Fuads � �=�����-=
<br /> � f hetd by Leade�.If,undea paragraph 21,Lender shall acquue or sell the Property,Lender.prior tn the acquisition or sale of the ' ��'°��•
<br /> •( Rnpeaty,shaU appiy any Funds held by Lender at the time of acqaisitlon or sale a4 a caedit ag�st the svms secvred tsy tttis �` . � ' �
<br /> ec�tty �.
<br /> -�=_ _
<br /> ° ;a S 3.App�n oP Paymenta. UWess applic�ble law provides otheawue.all pay►ztents raceived D�y�.ender un�der paragraphs •.~���s._,-�-m-
<br /> • y l and 2 sball be applied:first.w anY P�Nment charges due undea the Note:secoml.tc�amounts gayab e nnd parag�ap 2. -;�,;;;�,�.Aww�._ -.
<br /> thIId,tn inteaest du�fourth.tn principal due;and last.w any late charges due under the h�w. :• .,::�:..4-°---=°
<br /> 4.C�rges;Llens. Borrower shaU gay all taaes,assessments,charges,4ines and impos�tions a2�l�utable tn the Pmpeaty �:� �'�''�'"�`_
<br /> � which may attaIIi priori over this Securi Instrument,and leasehotd a c-nw or und rents,if any.Borrower shaU a these � - �•�``�
<br /> tY tY F 3� Bro P Y ..�,.;;•..;:,„�- ...
<br /> obligations in the manner provided in paragraph 2,or if not paid in that r�,�,Borrower shall pay them on time directly to tho � � . -:..,A���~
<br /> � peason owed payment Borrower shall prompily fumish to Lender all notices of amounts to be paid under this pazagraph. If . `.
<br /> Borrower makes these payments direcdy,Borrower shall promptly fumish to I.ender receipts evidencmg the payme�nts. . • 1';i�•;:
<br /> . . ,,_::!a�i:` _
<br /> Borrowea shall promptly discharge any lien ahich has priority over this Security Inswment�Borrower: (a)agrees in � ���
<br /> wridng to the payment of the obligation secured by the lien in a manner asceptable to Lender:(6)cor'�ts in goad faith the lien ���;��`°�•��-'
<br /> :�:..
<br /> " by, or defends against enforcement of the lien in, legal proceedings wtr�S in th$Lender's a�� operate w prevent the •
<br /> enfcreement of the lien;or(c)secures from the holdea of t;.e lien�agreement satisf�.,�+w Lenca subordinating the lien tn �.—�
<br /> . this Security Instrument If Lendea determines that any pan c��s Property is subject to d t�which may attain priority over this . �
<br /> S�urity Instrument,LPnder may give Bo�rower a notice idenufying the 1ic�z.Borrovarer s:�satisfy:`_�lien or take one or more ' _ ' � -
<br /> of the acdons set fu-th above within 10 days of d�e giving of notice. . .
<br /> Form 5028 91E0 •
<br /> � , �-8H(NE)iea•2ao+ vasezme Imnats: ... . . . . _
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