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<br /> � ? �TOGb'i'HER WiTH all ihe improvements now ar de�fter eru:ted oA the ptogeriy,and all easements.aPPuneaaaces.aud . .
<br /> � `• , '' fuwms now on c�aeaftcr a pa�rt of ihe prope�ty.All replacemeats and additions shall aLso 6e oovered by this Searrity Instrumcni� . . . . <
<br /> � All of the fozegoing is referted w ia Uus Sec�iry lnswment as the"Pmpe�ty." � U �. ' . �:.�
<br /> _ . � ' BORROWER COVENANTS that Smrower is lawfWly seised oi the estatc hereby oonveyed and ha4 the right tn grant and� , ' s ;
<br /> ; - - convey the Pmpeaty aad that the Fmpeny is nnencumbered,exce�t for emc�unbiances of record Bozmwer wanants and wiU � . •
<br /> •' "'~ defead ge�eiaUy the atle to the Pcoperty against all claims aaA danauds.subjea to any encumbiances of record. k `.' . - - -
<br /> - -- - �'`-" TM5 SFCU[iTtY INSTR[)MEt3T wmbmes unifosm crnenants for national use and non-uniform cov�ants witD limited � -::� ` ; ...
<br /> -- - r� --� variarions by jurisdiaion tn wnstinue a unifo�m security insnum�t coveaing teal P��Y- � � -- - � .
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<br /> , . . , UN�RM COVENAN75.Bmrower�d I�ender covenant and agiee as follow�
<br /> .. ';,� L Payment of Prtacipal and Intemst:Qt'ePa9m�nt and I.ate Chargea Boirower �duemuader the Note.hea due the � - .° , ..
<br /> •r . � -, P��PaI of mmd iaterest on the dsbi evideaced by the Nate�d any prepaytrcent�d late c�rg s.: :
<br /> `::� Z.Pbnds for Tanes and Ins�ance. Subjax tn applirable faw aa tn a writta► waiver by LEader�Bon+nwer s6aU pay w .. .
<br /> ' . " �`i Lead�on the day monthly payment�are due under the 1Vote.until the Note is paid in fW1.a sum("Funds'7 for.(a)YeariY tmces . • .;.w k.
<br /> � aad assessments�vhich may attaiu priority ova this Seauiry Insuument as a lieu on the Propetty;@)Y�Y leasehoId payateats < : ,y`°.����'S::
<br /> . � . , or gc,pimd re�ts on the Pr+apaty,if anY•(�)Y�Y�ar pmpeaty msurance�emiums:(�Yeatll+tIaad�aace premiums,if . •;:'�.,- :_.
<br /> ' ' ' any(e)YeulY mor�age ms�auce P�if anY:and(A�Y�PaYabte by Hamower to Ir�d�,in ac�ordance witb the .'. ..�, ��<<�..
<br /> ' prnvi�nns of paragaph 8.in liea of the paymeat of moitgage ins�uance psemiums.'i t e.s e itr�s are c a l I e d"E s c mw I t e m s." . _ —
<br /> � <:. ��� Lendea may,at any wne,coUect aad hold Funds in an amount aot ro exceed tIIe maximum amaant a lender far a fedeiaDy ielated �;;�:�,_,-
<br /> , mortgage Ioan may tequire for Bwiower's escxow accaant tmdei Bie fedeaal Real Fstats Senlement Pmced�es Act of 1974 as '-�� ,-_y�,
<br /> ameaded from time m time,12 U.S.C.Searon 2601 et seq. ("RFSPA'�.uNess�othar taw Wat applies w the Funds sets a tessa�r . � t _._�
<br /> : �;:,: . :� amount If so.Is.�der may,at any time.coltect and 6o2d Funds in an amonnt not w eacceed the 1�amoua� L,endea may .. � ��.,�-_
<br /> . 3�,.'S�74?
<br /> ' -.' estunate the amount of Funds due on the basis of c�rcmt data aad zeasonable estima�es of e�dioa�.s of fuUUC ESC�ow Ttans or __�_' �;.- -
<br /> � oit�aisa ia accordance�vuh applicable law. � • '. . �=
<br /> � ��`= ins�ued b a fedeial en ,msnnmeatalitY.or ea6ty(utcluding ' � . ,:�
<br /> . ' n whase d are aS �Y �`-::;
<br /> � 'It�e Fuads shall be held m an msntnno eposus Y . .•-• °
<br /> � Ixude,r,if I.ender is sitcb an ins6mtinn)or�any Federal Home I,.aan Bank Leader shall a�iy the Funds m pay the Esaow ' ;_ �k?`°-
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<br /> - . .:,._. Items.Leadei may not charge Botrowea far holding and applying the F+mds.�nua11Y�Y�S the esaaw accouat,or v�i�ring - ,.•��.-.
<br /> • the Fscxow Items,aaless t.�des pays Homnw�iatraest on the Funds aad applicable 1aw permits I.ende�m make such a c6srge. . -��._^
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<br /> . Hawevea,Leud�may requQe Borrower ta pay a on�time charge for an mdepende�nt real c5�tafe ta�c repotWtg sedvice used by `;�,,�r;:
<br /> � ' I.euder ir►connection with this Ioan,unless apptic�ble law provides othecwise.Unlesg an agreemeat is made or applicable law � ��' '�r;�-`-'-�-:
<br /> � reqnues inteaesc w 6e paid Leadea sha9 nat be required to pay Bomuwer aay inte�est or e�nings oa the F�nds.Ba�rowet and . . _--
<br /> � Leadea m..'�agree m wriiing,however,tLat intaest shall be paid on the Fimds.Lender shall give to Barmwer,withoui charge.an �;�.=;�;-
<br /> ' ' annual aaxnmting of the Funds,showing credits and debits w the Fuads and the purpose for wbich each debit to the Funds was • �••.�';
<br /> � made.lLe Fmds are pledged as additional sec�uiry for all sams sepued by this Sec�uity Insuument � . ° _ ,�
<br /> . . If the Funds hetd by Lender exceed the amatmts pemniued to be beld by applicable law,Lender shall acca�ni ro Borr�wer for , ``::.'�_;
<br /> < die eace�ss Funds in accosdance a+ith the requiremenb of applicablc iaw.If the amount of the Funds held by I.ender at any time i� :•_.,�+�i.
<br /> �� . noi snfficient to pay the Escrow Items when due,Leadea may so notify Borrower in writing,and,in sach case Smrow�shaU pay . . :�,��,r_-
<br /> : . m Lender the amouat necessary to make up the deficiency.Borrowe�shail aaake up the deSciency in no more than ta+elve ' ;. •T"-;,-.
<br /> montlilY PaYme�ts.at I.�der's sole disccetion. � �:� �,`'�'--
<br /> ' � Upon paym�t m f¢T�of aU sums secored by this Security Luuam�t,Leader shall promptly refund to��ower any Funds . : �"_
<br /> � held by Lender.If,undes pasagraFh 21,Lend�shall acquire or sell the Property,Lendea,prior to the acquisaion or saIe of the . . � .'�'���.
<br /> , ' prpppty,�.hall apply any Fands held by Lender at ihe time of ac��isidon or sale av a aedit against the svm9 sec�ue�i by this ; - '��
<br />__ = _ S�suiryInssrumen� _, —�..`�:.
<br /> 3.Applicatton of Payments. Unless applicable law provides a8�ela+ise,all payments received by I.eender anda paragtapfns � � .--.
<br /> ' 1 and 2 shall be applied: firs1,to any prepaymea�t charges due under the Not�seeond,to amounts payabte undear paragraph 2; .. -- _
<br /> . third,to inteaest due;fouNi,w prficipal duo:and last,w any lace charges due un�er the Note.
<br /> ,� , .� 4.Chargeai Ltens. Barrower shall pay aU taaes,assessments,charges.fines and imposidons aunbutab2e to the Property . _ �;
<br /> . � which may attaia priority over this Seauity InstmmenL and leaseho2d payments or ground rents,if any.Borrower shaU pay these
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<br /> . obliptions in the mannc�provided in PareBraPh 2,or if not�aid in that manner.Barrower shall pay them on time d've�tty to the •
<br /> . f persan owed paymen� Borrower shall piompily fumish to Lender all norices of amounts w be paid unded this patagraph. If
<br /> � ,�i Basower makes these payments directly.Borrower shall promp8y fumish tn Lender receipts evidencmg the payments. '�. . . .. . .
<br /> . . . � Borrawcr shall prompily dischac�any lien wluch das priority over this SeCtuity Inswment unles9 Botrower:(8)ag�ers in
<br /> ; ' wriqng as the payment of the obligation secured by tfie lien in a m3nner acceptable w Lendea:(b)contests in good faith Efr.s lien .
<br /> ., by. or defends against enforcement of the lien in, legal Qrocetdings which in the Lender's opitaion operate to prcvent the . '
<br /> enforcement of the lien;or(c)se�res from the holder of the lien an agreement satisfactory to Lender snbordlnadng the lien w • �
<br /> � � • this Sec�:rity Is�suwne,nt If Lend�deteimines that any yart of the Praperty is subjoct to a lien which may avain priority ov�this ,
<br /> .�. .. _ _ _._ Security Instrument,Lender may give Bonower a nodce Iden�g the tien.Borrower shall satissfy the lien or take one or more
<br /> �`- • ' of the acaons set forth above within 10 days of the giving of notice. �
<br /> ' Form 80Z8 9190 �
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