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<br /> . :.�� � 9�._ ��i���� a�o9oi�s� �. ��-:. . '.
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<br /> _ , �:.� TOGEPHER WITH all the ffiprovemeats now or he�er erecxed on the property.and all easements, appurtenazices, and .
<br /> . � funues now or hereafter a part of tbe groperty.All�lacemems and a�tinns sbaD atso be covered tsy dris Seauiry�su�mt.
<br /> . AIl of the foregoing is ceferted w in this Seca�rty Iasmmnamt as the'ProP�Y• `
<br /> . � BORROVYBR COVENANTS that Borrower is IaRrfully seised of the estate hereby comreyed and has the rigtd w graiu�d � . `'.` .
<br /> � � � ' � comey the Prape�ty and that the Praperty is nnenwmberad,exc�t foY ena�mbrances of recard. Borrower wanams and vv�l : .` °,
<br /> � defend generally the tiele w the PmPezt9 a�mst all claims and demands,subjea to any eacambranoes of�eco:d. :,��`,
<br /> T'FgS SECURiTY INSTRUN�[�T combines umfomm coveaants for nafional me anti non�niform wvenants arith IimQied <
<br /> , � _ variations by jurisdictioa co consOdute a maifo�seturiry in�ttemme.nt cover�g�ea1 prapeitY• ,
<br /> t ; � ° [TNIFORM COVENANTS.Borrower and L.ander covenant and agree ss foIlaws: �
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<br /> � . ,:.�A l.paym�of Priaclpal and Int�'es��aatl Iate C6a�gcs. Boaower sbaU Pm�dY paY w�n due tl�e - - -
<br /> �_ : -- - - ,---. p�iucipal of and imteiest oa the debt evidenced by the Note and a�►p�aYma�a�d late drarges due�r ths Nofe. - -_ � - __
<br /> ` `" ` 2.Frmds for Tases and Imsmance. S�b�ect to applicab2e law or to a written waiver by IRncter, Boaawer shaII pay to _ . ..
<br /> .. LRnder on the day mamhiY PaYments aze dae w�der the PIote,uni�d�e Note is paid in fa11,a smn('Funds°)for. (a)yearlY ta�es f;'� ., ;�: •
<br /> � . ' and assessmen►�which may auam priority over thi.s Security Inst�em as a lien an We Property;(b)YearIY Ieasehold paymt�ts T. . �
<br /> . � , or g�ound rents on the PropertY,��Y;(�)Y�Y ha7a:d or pmpeny ia�urance piemin�s:(�Yearl�►8aod'msvraace piem�s,if . .. .
<br /> . _ anY:(e)Yearly mortgage insurance premmms,if aay;aad(�anY�PaYable by Botmwer to Lwder,in accordance witlt the , , -
<br /> � pmvisions of paza�h S, in ti� of the payment of mortgage msazance prem�ms_ These items aze caIIed 'Fscrow Itemc.' �- -
<br /> j • Lender may,at azry t�e.callecx ancl hold Fands in an amoant nnt to eueed the maaimum amount a tender faz a fedeialty related '� �-
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<br /> � • _ mortgaSe loan may reqaine for Bormwer's escrow a+xarmt under the fedezal Real Eti�fate Seatement Proced�tres Act of 1974 as . :_='a'
<br /> � amended fmm time W time, 12 U.S.C.Sectian 2601 d seq. C�PA�),�nless anotUer law tbat appties to the Fartds sets a lesser , ; . ,,,��.
<br /> - amouat. If so, Lendler may, at an}+ time, coltect and hold Pauds ia an amrnmi not w excecd tbe lesse4 amouat. iender ma7► •
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<br /> ; esqmate the amo�t of Funds due oa tbe basis of aorient data a�i reasonable esmnates of expeu�iiures of famre Escmw Items ar , . :.
<br />:'� . ` ', othetarise in accoidance with applicable law.
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<br /> F . � • 17�e Fands sLali be held ia an instimbion w�ose d�ositss are msared by a fedsral agenc.y.�e�uality;or en�tY C��S -
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<br />- . � . - � Lender,if I.ender is suc�an�oa}or ia aay Fcdeial Home Loan Bank L�der sbaII apgly the F�Is w pap ti�e Escraw -
<br /> . � -.- Items. Lender way not charge Borrower for hoid'mg and aFP�B���,��Y�Y�B�escmw accrnmt,or veaf�►inS - " .���:��__'
<br /> �
<br /> � � �- tliee Escrow Items,�mtess Lender pays Borrower mterest on the Fimds and applicable law pe�s L�eIIder to malce sach a cl�arge. -1.'.. •��
<br /> � iiowever, Lx,nder ma Bormwer to a a one-time charge fir�►independe�nt real estate tax teporirog sezvice used by •. .:,�g
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<br /> Lender�coaneaion witL thfis toan,�1ess applicabte!aw provides otheia+ise. UNess an ag�eement is made ot applicable law .;?.;,,:`,k._,
<br /> . _ - requires inierest to be gaid, Lender svaII not be reqaued to pay Borrower auq isueiest or ea�gs on the Fmids.Boaaarer and ._��4r: --
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<br /> . � I�eader may agite ia wnting,however,that inierest shall be paid on the FUnds.L�ander s�all give to�ormwer,without charge,an ;..',; _�'•'
<br /> ' affivai accaanting of tLe Funds.showing credits and debits to tbe Punds and the p�upose for which each demit w tfle FunOs cvac .F:_--._
<br /> '. wade.'fhe Funds aze ptedged as additianal secaiiry for aU s�s se�aued by this Secority Insuament. :,;r�:.,.��.�s��
<br /> ' . . If the F�mds held by I.ender exceed the amo�s pem�iued to be Leld by applicable taw,I.ender shall acconnt w Bormwer far _
<br /> . � �. �. the excess Funcls in accordance with the reqnirements of appficable 1aw.If the amouni of tLe Punds held by L�eader at any mae is :. i'..
<br /> i'' . . not sa�cient to pay tbe Fscrow Items when due,l.ender may so notify Borrower in writmg,and,m sacb case Borrower shali pay � • �r�:�:'.
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<br /> - :. � to Lender the amount mce,ssar9 to make up the deficiency. Borrower sUali make up We deficieney in no more Wan twelve .
<br /> I�} � ' monthly payme�ts,at Lender's sole discretion . -;'�
<br />- ;-- � Upon payme�m fall of all snms secared by this S�rit}r Instroment,Leuder sl�all pramptly tefimd to Bormwer any►FtmQs ��'`` '
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<br /> � ' • � - held by Lender.If,unaer patagraph 21,Lender sLall acquire or sell thee Pmperty,Lender,prior to the acq�an or sate of tl�ee . �����
<br /> � � Property, sl�all apply any F+u�s i�eW by Ixnder at the t3me of acquisition or sale as a credii a�ainst the sums seiaued by ilris '�.��`i;��
<br /> . • '. . SCC01Ity in ont, ��
<br /> • • • 3.Appitcatton of Paymeuts. Unless agplica6le law provides otheiwise,all payments received by l.ender woder paiagrapbs •:;;..;_�
<br />--- --� - �:' �;; 3 and 2 stiall be apptced: tirst,to anY PrePayme�t charges due w�uIer eLe Note;secan�l,to ainounls paya6le unAer paragtapH 2; - ' �''°�":
<br /> '�' � . tuind,W interest due;fonrth,to principal due;and last,to aay]ate charges dae under ti�ee Note. . , . �'
<br /> ;°�`%:� - � 4.Charge�Liens. Borrower shall pay all ta�s, assessments. charges, fines and imposittoas aitn7�otable N the Propeny .. �_
<br /> '�''� wlrich may attain prioricy over this Security Insanm�t,aad leasehoid payments or ground rents,if any.Borrower shall pay these � �
<br /> • . .. obligatlons in the manner provided'm paragraph 2,or if not paid ia tl�at manner,Bormwer shall pay ihem on time dlrectty to the • ��. `'
<br /> `.�r . person owed payment. Borrower r�hall promptly fumish to Lender aU notices of amom�ts to be paid under tHis paragraph. If ' L�:~"rt
<br /> �.� Bo:rower makes these payments directly,Boaower shall promptty fumish to Lender receipts evidenciug the payme,nts. �-
<br /> ` '' Boimwer shall pmmptly discharge a�+tien which has priority over tLis Security Insuument untess Borroaver:(a)a�ees in
<br /> %;���� wriomg to the paymeat of the obligation secured by the lien in a maimer acceptable to Lender;(b)cantesta in good faith tLe liea • '
<br /> . '. by, or defends agamst enforcement of the lien in, legal proceedings which in the Landes's opinion operste to preveni the . . .
<br /> � � enforcement of the lien; or(c)seaues from the hnlder of tl�ee lien aa ageemeai sadsfactory w Lender sabordmatmg the tien to •� • .
<br /> � ' • . �g��y Tncr�e*.±*,If Lender determines tLat any part of the�Property is snbject to a lIen which may attaia prlority over tLis .' ' •
<br /> `��; � • Secauity Insuument,Lender may give Borroaver a notice identifying the liea BQrrower sha11 satisfy the lien or take one or more � .
<br /> � � oP the actions set forth above within 10 days of the g'cving of nodce. ' . •
<br /> , � . Fo�m 30Z8 9 J '. . � .
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