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<br /> ' { � � 1�OGEt'I�RR W1TH all the improvrments aow or 6ereafter esect�d on the property,and all easemeats,eppurteaances,end � �
<br />'` ' , .. . Cucuues aoar or h�a gart of the pzopesty.Atl replacemeats and additiuns shall utso be covened by this Seauity U�strumen� < � t- .
<br /> 't`: ` All of ttce foregoing is referre�d m in this Seciuity Instrumeat a4 the"Ptoperty." �
<br />=_�' ,'. �_ BOldROWER COVENANTS that Bo�wer is lawfWly seised of the estate hereby canveyed and 4as the right w grant and - `
<br /> ' :,;. E-.-;� comey the Property and tbat the Proparty is wmmcumbeaed,excegt for encum6iances of record.Brnmwer wanants and aill ` ` �
<br /> ` defend gene�ally the atLe to the Pmperty agau�st aIl claims and dc�ands,subiect to aay eucumbrances of reoord. � •
<br /> ° -�- - ---_� r;- _
<br /> • 'IHIS SECURITY INSTRtJIvIENT combines unifo�m covenants for national use and aon-uniform covenants with I�ited � - -
<br /> :•' � � variations by jmisdicuon w cons�te a uniform security instn�raent covermg real P�P�Y• � `.��',
<br /> ��; . . : UN�RM COVENANI'S.Barmwer aad I,eadea caveaant aad agree as follows: ` . ` '
<br /> �:. L Papmemt o!Friacipal aud Inter�PtWaYment and Late Cbarges. Bo�ower shall P��Y FaY whea due the � , �:.<i . `���`�
<br /> �;<. � , , priaapal of and interest on the debt evidenced b ihe Nors and an .��- . .
<br /> � Y Y P�Yment and late charges dae�mder ihe Note. �, " .:.
<br /> =� -' �.�mds for Taacs and Insmauae. Sub'ect to ` •<< ::
<br /> � applicable 1aw or tn a wriiten waiver by Lea�der,Bmrower shall DaY to �1
<br /> �_: , . • �.-: .. .t::-
<br /> L�der on the day month2Y Pal►meats are due ua�a the Note.�m�1 the No�is paid'w fiail.a stuu("Funds")for:(a)YrulY ta�ces Ma* . :.�`�-
<br /> �-�`
<br /> • �� � and assessments which may a3tam priority ovei this Searrity Insdvmeut as a lien on the Property;(b)Yearly leasehold payments � • ,`.
<br /> ';,�. . , or gmmed rents on t6e ProPertY,iE anY•(�)YearlY ha�ard or P�P�+��� ����,(�Y�Y 800d�s�ance premiumg,if � ti —
<br /> `}. � - anY:(e)Y�arll+mortgage insvrdnce premiums.if any;and f�aaY sams payable by Bmrowcr w I.ender,in ac�ordartce with ttte :�
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<br /> -{�; . � - pravi�ons of pa�ag�apb 8, in lieo of the gayment of mort�ge ins+uance prerttiQms.'ti�ese itrans are c�12ed "Escmw Items." .`: ' ` '•,°� —
<br />-�`: • I.�eda may.at aay 6QUe.oouect and hold Funds in an amoimt noi w eucee�i the maximum amomn a le�dea for a federatly rclated � .'a..,�•,;—
<br /> - , mortgage loaa may requue fos Boaower's esaow socouat andea the fedraal Real Estate Seulement Proced�ues Act of 1974 as ..
<br /> '�;r;. . . , y ame�ded from dme to time.12 U.S.C.Secoion 2601 et seq. ("RESPA'�.untess another 1aw thai applies w the Funds sets a les� `;;y • `.' �f-�
<br /> „� ' ' emOUnC If SOs I.�ldea r•;s:s.� �..::; "—
<br /> ,. ;• may,at any tirne,colIect�d ho2d Fuads in an amount noi tn exc�ed the t�amount Ler�dea raay ,,�;_.�._.. -��
<br /> z'� �%' esmnate We amounF of F�mds due on the basis of caumnt data and reasonable est�nates of a�pendinaes of fuwre Escrow Iterns oz �"': ��"` -: �#�
<br /> .1 '�._.__:
<br /> --`; � � �"�" O1�ledW1SC ID 8CCOIdBRCC Wltli 3��iC�1C 12w. ��!�;:. ;a,.
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<br /> . :� 'lUe Punds s6ai1 be hetd'm an mstitutIon whose deposits are insiued by a fedaal agency►,mstivmen .or en' ". � • •_
<br /> -;_' . ' .. �- L,acda,ff Leudea is sach an II�tutian)or in any Federal Home Loan Banlc.Lender shall �Y �Y(including t.:.:,.:. ° '�;�-
<br /> `' = � Items.LendPa may not charge Boaower for hotding and applyiag the F�mds,annuall ��the Fonds ta pay the Fscrow ....1 '_""-'
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<br /> ',;.j? �. . the E�crow Ite�s,�m2e.s4 Leader pays Borrower aiterest on ihe Funds and licable 1aw�g the escxow acoow�t,or vcaifymg .. � :��_
<br /> `-.. Howev�.Lendea ma � P��Lender w make such a charge.
<br />�",,� � Y�4�re Boimwer w pay a on�tune cha:ge for an independea�t mal estate�c � .;��_�
<br /> �:.:; ' • Leatder in cannection wiib this loan,tmless tit�ble law �T�g se7vice t�sed by . ..`,= :
<br /> . app pmvides oth�wise.Unless an agreement is made ur apglicable law � .. ':—
<br /> :;;:'.. s _.; ,: �': .
<br /> , req�es inteaest o0 6e paid,Lead�shaII noi be req�ed to pay Borirower�y int�st or eamings on the Fmids.Bmrower and f ,,. : t�-
<br /> �� . . L e u d e a m a y a�g r e e i n w r i t mg,however.W a t m t r r e s t s h a ll be p a i d on t he Fun d s.L e a d e r s h a l l give to Borrower,without charge,an
<br /> `��'`� aanual accaunta►g of the Funds,showin credits and debits w the Funds and the �� :i,.. < v� �; ��c`-
<br /> ; ,f 8 pwpose for which each debit to the F�mds was r- .< .�. -,:
<br /> ,�, made.The Fuud�are pledged as addidonai security for aIi sums secured bq this Security Ias�umr�t �; • f
<br /> If the Funds held by Lendea exceed the amounts panritied ro be held by applicab2e law,Lender shaD accannt to Borrower for
<br /> �-.`" : � ' � .; the excess Funds in accordance with the requirements of applicable 1aw.ff the amonnt of the Funds held by Le.ndea ai an time is � . -
<br /> , � not saff�cieat to pay the Esaow Items when due,Lender may sfl norify Borrower u�wrlCing,and,in sucb rase Bormwer shaU � ; .r��;;�;:
<br /> PaY �, '• ::,�.
<br /> .:f � w Leader the amonnt nececs�ry w make ap the deficiency.Bonower shall make up the deficiency in no mote than twelve . • � .• r�',
<br /> . • , . montNY Papmen�s.at Lendea's sole discxetion. `.� :
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<br /> . :_ UPun PaYment in full of all sums sec�ued by this Sec�rit�+Instrument,Lender shall promptIy refund to Bonower any Funds . -
<br /> - held by Lende�If.und�paragraph 21,Lendea shall acquire or sell the Propeaty,Lend�,yrior to the acquisition or sale of the .. -
<br /> •�; >� ; . Propeary, shall appJy any Funds held by Lereder at the ti�ne of acquisiaon or sale as a crectit a ' , ' . —
<br /> gainst the sums secured by this .
<br />'"' ` ' Securiry Instraoment � • � .
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<br /> _ - • � 3.Applicattoa of Payments. Uniess applicable faw pmvldes otheda+ise,aU payrnents received by Lender�mder par�raphs , . .�
<br /> . . 1 and 2 shaU be applied:first,w�Y prcpayment charges due under the Note;second,to amounts payable under para�rapb 2; . +�,..
<br /> �''.t,. third,w interestdue;foarth,to principal dn��d last,W any late ch�ges due undeea the Note. � ` -�.'� .
<br /> � 4.Charges;Liens. Borrower shall pay all taacs.assessments,charges,fines and imposidons attn'butable w ttte Praperty �
<br /> . which may auain priority over this 5ec�uity Instrument,and teasehold paymenis or ground rents,if any.Bomnwer shail pay these
<br /> ' obligadons in the manner pmvided in paragrapb 2,or if not paId in that manner,Borrowed sha11 pay them on time dirc�dy to the ' ' -
<br /> person owed paymenR Bmrower shall promptly fumish to Lender all notices of mnonnts to be paid undea ttiis paragraph.If • `:
<br /> Borrower makes these payments d3mctly,Borrower shall promp0y fumish to Lender re�;iprs evidencing the paymeats. • . ',
<br /> �� � ' , Horrower shall prompdy discharge any Iten which has priority over this Securiiy�nstrument uniess Bonower:(a)agrees in ' '
<br /> . :;�:; ' : . �� i writing to the payment of tha obligation seaued by the lien in a manner acceptabie to Lender;(b)contests in good faith the lien � ' . ' �
<br /> ' by, or defends against enfanccment of the lien 9n, legal pmceed�ngs which in the Lc,mdcr's opinion operate to pnevent the � " ''
<br /> '.'.;• . eaforcement of the lien;or(c)seciues from the holder of thc lien�agceement satissffacwry to Lender suDordinatsng the lien tn •
<br /> ,. this Securiry lnstrum��If Lender determines that any part of the Property is snbject w a lien which may attain priority over ihis � •
<br /> � "' Securi lnstrument,Lender ma
<br /> j' ry y givc Borrower a noflce idenrifying the Ilen. Borrower shall satisfy the lien or take one or morc �
<br /> ��.',� of the acaons set forih above within 10 days of the giving of nodce.
<br /> t
<br /> -� Form 3028 9/9Q
<br /> �r_�� �� �-8ti(P�E)taziz�.oi aaeo2ote Inttiaie: •
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