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<br /> .� � TOGEPHER WITH all the impmvanents now or hereafter erected on the property.and all easements,aPP����� ` ` ` Y
<br /> ` 5apues now or hereafter a part af the property. Al] �eplacemenis an+d add�uons shail also 6e covered by d�is Securicy , -
<br /> • � Instn�ent.All of the fongoing is re€eaed to in ttns Securiry Insaament as the'PropertY•' CS� ,. - , .�.>
<br /> � � BORROWER COVBIVAI3TS tbat Hozrower is lawfuUy seised of the estate hemby comeyed and has the right to giant and�p . .. . _ . ,
<br /> ' _ ,�::�`- convey the PropertY and tbat ttte Pcoperty is unencambered, excePt for encvmbrance.v of record. Borrower warrants and w�1 I - -•-Y _
<br /> - --- defend genelallq the titie w tfle PropertY aSainsc all claims and demands.svfiject to any en�amabrances of recoid. ---- - ----�,
<br /> � THIS SECURTI'Y INSTRUMfiNT combines anifoim covenants for matiomal ase and nosNmifomi covenants with limited� _ �
<br /> �< �i . ,` .
<br /> - , variationt by jurisdiction to coastitate a nnifamn secmity iasm�ment covering real pmPertY• . . . L�
<br /> " UNIFORM COVENANTS.Bormwer and Lender covenant and agtee as foriows: ,. �, -.�:.. .
<br /> �. � .
<br /> - 1. Pa ant of PrindPal and Iutei'est; Pr�a3+med aad Late Cl�ar�es• Bonower sbaIl promP�Y Pay when dne dte� .. , .'��
<br /> � a m and late cbarges due nnder the Note. Q • : �.,___�s�:..
<br /> �, P�P�of and intecest on the debt evidenced by the Note and a�►P�P Y� : . °: . ,;:,' .
<br /> � 2.Fands for Tases and Ira�arance.Sbbject to applicable law or to a written araiver by Lender, Bozrower shaU pay ta ,, , .
<br /> � Lenc�s oa the day mo n d}ly payments aie d u e n n d e r t h e N o r e,u n ri l t h e N o t e i s p a i d in fiill,a som(°F�mds°)for.(a)yearlq�+xes '>:t:: : ,;�,:��`
<br /> . iio aver this Secntity Instiument as a lien on We Propertq;(b)Year1Y leasehold papmencs t'�� i1 s f`
<br /> � . � and assessments which may auain p rit9 �� � t t;:` __�%�-
<br /> �ance piemiums;(�Year1Y Aood insvtance p � .,'';. _`
<br /> . ���i or graund rents on the PropertY,i f anY:(�)y e�1Y��or p r u p e i e�� "'� i. -
<br /> ;.a�,.,,_
<br /> le b Boaawet to I,endet,in arcoida�ace with �"r"`,—'.,;
<br /> . if�Y+(e)Y�Y mflrtgaSe insarance pre�uums,�f anY'and(fl�Y�PaY� 9 :;�,:, -
<br /> tfle pmvisions of pazagraph 8.in lieu of tfie payment of mortgage insarance Piemiams.These itetav ate ralled°Escraw Items.' --
<br /> L.ender may: at a�ume,coA�ct and ho2d Fmnds in a3a amonnt not to eacced the m�imamn amonni a leader far a fedesally
<br /> .: �-z`., related mortgaSe toan may r�for Basower's escrow accannt under the federal Real Estate Setttement Proc�Act of - , '.;:.,�,1.�,_
<br />- • , . ` 1g74 as amended fcom time to time. 12 U.S.C.Se�tion 2601 d seg.(°RESPA').miless another law that applies w the Fnnds �;�.
<br /> t�
<br /> , �` sets a lesser amouni. If so. I.ender may, at anY t�e, callect and hold Funds in an amount�t W exc�ed the Iesser amount. . .. �.: y.��_:
<br /> � � Lender may esdm�ate tLe amonnt of Fnnds dne on the bavs of carrent data and zeasonable es�mates of expendittues of fatnre . _�� ---
<br /> . ,�:`�` Eseraw Items or athezwise in accordance with applicable law. � � .a�`�_
<br /> ,,. . ' :r�:;.,'�---�
<br /> The Funds sl�all be held in an institudoa whose deposits are in.s�ced by a federel agemcy, insuumentality. or entity •.�::•:..:.�_.
<br /> . • . •- ('wcluding Lender.if Leadcr is such an insdtuaon)or in aay F�deral Home Loaa Sank.lxader s6a11 apply!he Funds to pay the _ ;. . �.�..
<br /> Sscrow Items.Lender may not cbarge Borrower far holdIng and apPlying the Funds.annually anal7+zi°g the escmw accaant,ar .� •"`'�_u_
<br /> �,..�,�-.
<br /> •. .• verifyIng the Esccow Iteais.unlesg Lender pays Bormwer interest on the Fnnds and appllcab2e law petmits Lender to matae sach �:4 • . ,_-�a,.
<br /> + �.�_,�_
<br /> :� ;:� a charge.However.I.ender may recluire Borrawer to pay a onadme charge far an iadependent real estate tax reporting senrice . . ,:�,�
<br /> licable law mvides otherwise. Ualess an agre�ment is made or �--� __
<br /> .. used by Let�es ia coanection with this loan. ualess app' P . � �_
<br /> . ., applicable law requires iaterest to be paid.Leuder shall uot 6e required to pay Borrower aay iuterest or eamings on tIle Funds. ` _-
<br /> Burroarer a n d 1.e n des m a y a S r e e ia writin g,however.ttiat interest shaU be paid on the Fnnds.Lender sLall give to Barrower, ����K;.�;,
<br /> a �.
<br /> wIthont charge,an annual accounting of the Fnnds,showing credits and debits co the Funds and the pnipnse for whicb each , :'��,�►�':-
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<br /> debit to the Funds wag made.The Funds are ptedged as addiaonal sesarity far all sums secared by this Security Iasuament. , ;;.!�°..:...
<br /> „ -_ If the Funds held by Ixnder exceed the amounts permitted w be hel�l by applicable law.Lender shaU acconnt to Bomower . ,•.:_:�rx�_
<br /> � for the excess Fnnds in accordance vuith the requirements of applicable law.If the amount of the Punds held by l.ender at any . -,t�:__-.
<br /> . ;, ' �T-`".
<br />- • time is not snfficient to pay the Escraw Items whea due,Lender may so uuodfY Boaawer in writin�,and,in sach case Boirower ,.F�.�
<br /> ' sha11 pay to I.ender the amount necessaiN to make up the deficiency. Bonawer shaU make up ti�e deficiency ia no more thaa . �����-•;;.
<br /> ' • ' tw�elve monihly paymenis.at Lender's sole discredon. . . `�'��_'_
<br /> , . Upon papment in fall of all sums sectued by this Secatiry In.�tniment. Lender shaU promPtly refund to Bosrower any . �
<br /> . ' Funds held by l.ender.If,under pareBraPh 21.Lender shall acqaire or sell the Pmpe�ty,Lender.p:rior w the acquisidon or saIe -;�;
<br /> �. � o f t h e P r o p e rt 9,s h a ll a P Pi Y az►Y Funds held by Lender at the time of acqnisidon o:sale as a credit agaiast the soms secured bq . : ." 't':-
<br /> � this Seauity Insttument : -
<br /> - � �� 3.Appllcatinn of Paymeats.Unless applicable law provides otherwise,all payments received by Lender under paragrap� .. _
<br /> .. . ���� 1 and 2 shaU be applied:Srst.to any prePal+meat chasges due under the Note;secoud,to auwwurs Payable under paragrap .
<br /> � third,to interest due;fonrth,w principal due;and last,to any lare charges due under the Note. � •'.
<br /> . 4.Cliarges;Llens.Bonower shall pay all taxes,a5sessments.charges,fiaes and impositionv attribntab2e to the Pra��cy , . �� +_-'
<br /> � • • which may auain priority over this Security Insuumen�and leasehold payments or ground rents,if any. Borro�wer shall pay .• . , � `:�
<br /> . . these obligations in the manner provi�ied in paragraph 2,or if not paid in that manner,Borrower shall pay tttem on time direcdy ,
<br />� � • to the person owed payment.Boaower shall prompdy fumish to Lender sU nodces of amounts to be paid under this paragraph.
<br /> � lf Bormwer makes these payments direcdy.Bo�crower sha11 prompdy finnish to Lender receipts evidencing the payments. _ ,
<br /> .�: , � Borrower shali prompdy discharge any lien which has priority over this Sec�rity Insuument un2ess Borrower:(a)ag�s in .. ..
<br /> � � wridng to the paymene of the obliga6oa secured by the liea in a manner acceptable to Lender;(b)contests in good faith the lien
<br /> �t,' by, or defends agalnst enfarcement of the liea in, tegal proceedings w}uch in the Lxnder's opinion operate to prevent the ; ,. ,
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinadng the llen to
<br /> �• ' this Securiry Inst�ument. If Lender deteimines that aay part of the Property is su6ject to a lien which may attain priority over .
<br /> � • this Security lnstrument.Lender may give Bonowet a nodce identifying the lien. Borrower shall satisfy the lien or take one or • .
<br /> more of the acdons set forth abwe within 10 days of the pving of norice. . „- �
<br />' � Form 3028
<br /> ..i� . Caqo 2 ot 6 tmudr ' � -
<br /> � ��6H(NE)�ea�s�.o� :
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