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<br /> , . �� TO[iE�NER iiftRtt al!the unprovements now or hereafter erectad on the prc{sertY. and an easemants. appurtenanoes. and � � ,
<br /> " ; fixturea now or heceafter a part of the pmperty A►I repiacements e^d additions shait atso tre covered by this SecurilY bshumE^1- . �
<br /> Ail of the toregomg is ref�red to io this Secvrity InstrumeM as tne'ProP�Y� `. . '�.
<br /> � 't BOAROWER COYENANTS tI1Hl BOROLV2f IS IBWIUIIy seaed of the estate hereby conveyetl and has the ngnt ta cyant and ; . -
<br /> ` eanvey tAe Propertyr and that the Property is urtenambered. exoept tor encurs=bnmces ot record. Bortower wartants and wilt � � ,
<br /> . . ' deh�ctd generany the title to the RopeAy against s0 dauns and demands. sublect te'any enat���of record. � ` .
<br /> _ " THIS SECURIiY INSTRUMENT cemb�es undarm covenants tor national use and non-urtitorm covenants wdt► �imited� �
<br />- • ' va�iaLOns by junsdietion to oonstitute a unHorm sewrity insvume�nt covering real praC�Y• �
<br /> � ; UNIFORN!CO1tENANTS. Bonrnver and Lende►coveoant and agree as fotlows a when� ` .
<br /> � + 1.Payment of Principaf and IMerost: Prepayment and Ls4ca Charges-Borrower shatl PromPUY D SI �. •:
<br /> � � �e the prindpat oi and interest on the deDt evidenced bY the Note and eny pra�aymer+t and late charges due under the Note. ,
<br /> ' 2, �1i1tf�S fp!YBxes and InBUrdflCe.Subjed to appGCabte taw or tm a written waiver hy Lender. Borrower shaU Pal� ,
<br /> ' to Lender on the day monthly paymenLs ere�e unde�the Note. until the Mote is paid in fuli.a sum ('Funds")tor- (a) year�lr ,
<br /> '�' texes as�d a�sments wtdch may attain priordy over Nis SearitY InsUument as a lien on the Properry: (b1 yeariy leasehal � •
<br /> �`;. ` , payments or�ound rents an the Property. il er�Y. (c) Y�AY hazard or propert��insurance premwrt�s: tdI Y�Y flood ir�suran �� ;- —
<br /> L' premiums.if any. (e)YearN mortgage ir►surance Pr��ums.if any.a�d(� any sums Payable by Borrawer to Lender fn accardan
<br /> = � with the provisions af pa�agraph 8, in Geu o!the payment of moRgsge insurance Premiums. T�Tese rtems ace called 'Escr (
<br /> ii' � � Iten►s.' Le+ider may. at any time. eoDect artd hold Funds m an amount not tc exceed the maximum amount a lender tor
<br /> -� ' }ederafly refated rreodgage loan may requae for Borrower s esuow accourrt under ihe tederal R�1 Estate Setttetnent Procedicres �
<br /> �. } Ad of 1974 as amended irom time ta Ume,72 U.S.0 �2601 et seq. (°RESPA'}. unfess anoiher taw that aPpGes to the Funds
<br /> �' � sets a lesser amount. If so. Lender may.at eny time. wQett and hoftl Funds in an amount not to exceed the lesser amount
<br /> ` � Lender may estimate the amou�t of Furtds due on the basis oi wrrent data and reasona►�te estonates of expendrtures of tuwre
<br /> ��' ` ' ,� Escrow ttems or otherw3se in accordance witl�applicable law. ��m�. ar entiry(indud'mg
<br /> The Funds shaD be held in an mstihttion v+hose deposits are insured by a tederal a9ertcY• �e Funds ta�ay the Escrow
<br /> if � Lender.�f I-�der is such an instlG�on�or in any Federal Home Loan Bank. Lende► shali aPP�Y , . :.
<br /> '' - Items.Lender may not cdarge Bortower for holding and apDtyin9 the Funds.annuaUy analyang the esaow accxunt,or verifying • r,'.-
<br /> -'� � , the Escrow Items. unless Lender Pays Bartower ir►terest on the Funds and apPQ�le Iaw pem�its Leider tu make such a : .
<br /> � � `` chatge Hawever. Lertda may require 8orrower to pay a one�ime charge for en independent rea!estate tax ►ePertin9 service . r<.<• ,
<br /> �;: � used by lender in connection with this toan. uniess apyGcabte law pmvides cthe�wise- Untess an a�eemer►t is made or •- �
<br /> `'� app5pbte taw requires fiterest to be paid. Lender shall not be re�rted to pay Bartowd anY mterest or eamirtgs on the Funds. _.
<br />,ti;• . � Borrower and Lender may syree c� �g. �wever, that interest sha11 he paid on the Funds. LenCer sha7 give to Borrower.
<br /> '.�� � ��• without cha e. an annual accoiur�im of the Funds. showing aedrts and Qehits to the Funds and the purpose tor vrhicA �ch •. '.. -
<br />: .s 1 � • �' debit to theFunds was made. Tfr:.�-ands are ptedged as additiona!securiry tor all sums secured by the Securiry Instrum�rt. t -.—�
<br /> � H the Funds heid by Lender e.�eed the amoutrts pertnitted to 6e held by agpGcabie Iaw.Lender shafl accourrt to Ha:rcac-r • �
<br /> • � for tfie excess Funds in accordance with the requirements of applicabte law. ff the amount of tfie Funds held by Lendet at�! .
<br /> �'` � ticne is not sutficicmt to pay the Escrow Items when due. Lender may so notlfy ficrrower in wri6ng.and, in such case BonawEr
<br />-�_- . .. shaU pay to Lender the amo�mt neeessarN to make up ihe deficien�y. Bortc�vQr sfra[I make up the defiaency rt� no more�'ran �.:. ;��.
<br /> •� twetve monthly DaYments•at LendEr.s sole disaetion. refund to Bortower an r.rnis . ��"',
<br /> Upon payment in tuU of aIl sa�:s secured by thts Seeurity Instrumen�Lender sha0 pramptfy Y '
<br /> ' , heid by Lender. B.under paragrayh 21.Lender shaU acquire or sell the PropeKy.Lr�der. �rior to the acquisiUan ar sale�drp h�y
<br />``�•.� ' Properiy,shaU appry any Funds hald by Lender at the Ume o1 acquisition or sale as a credd against the sums secured ty c'.:�s _�;: r i
<br /> };� . _ , Securily Insbumenx , '. .,. - .- .::
<br /> ' ' 3. /��D p l l C 8 t t 0� O f P'd}I t n 0 t 1 t 8. U n t e s s a p p i i e a b l e l a w p r o v i d e s ot h e rv+ise. all pa y ments received by Lender under , •.
<br /> _ ' .,� , paragapMs 1 end 2 shaU be applied: firsL to any prepayment charges due under the Nate:recond.to amounts payabie under , ';m,.,;;
<br /> :; � paragaph 2:third,to interest da�feuRh.to pdncipal due:and last.to arry late charges dne�.rder the Note. '_ti ,.
<br /> = �f . 4. C1i8fg3S: L10t1S. Bar.�•Ner shaU pay ali taxes. assessmeats. charges. fines aRd impositions attributabie te ti^e ;,r:,,.;
<br /> Properry whiCh may atteln p�ioriry over thls 5ecudty�nstrument and leasehold gaymeirts or ground rents. if any. Borrowes sh-ai� ... .;�_
<br />•r��y,. . � � � - pay these o6figations in the manner provided in paragraph 2. or if not paid in that manner. Bortower shail pay Ihem on �ne '�;�:-
<br /> ' ' direcGy to the person owed payment. Borrower shaD promptty fumish to Lender all noUces of�nounts to be paid under ttls `:•;".�];=,
<br /> .� .,.
<br /> � � pazagraph. If Bartower makes these payments directlyt. Bottower sha0 promptty tumish to Lender receipts evidendng u e ,�.r ;:
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<br /> � . Borrawet shall prompUy �i�arge any lisn which has priorfty over this Secwity Instrumem untess Bortower. (8)S�EES:1 ; '�1'}y�,'r',;
<br />',:�`; � writing to the payment ot the o9ligetion secured by the Gen in a manner acceptable to Lender. (b) contests in good taitb the it;'•"�;,
<br />,:'f�.� Ilen by, or deTends agelnst enforcement of the Iien in, legal procee�ngs which in the Lender's opinion operate to prevent the �✓1:::
<br /> s''4.'' � entorcement ot the lien:or(c)secures from the hotder of the fleo an agreement sat}siactory to Lender subord�naUng the lien to
<br /> ;�:.��.• . _
<br />^��-Y?��� this Security Instrument If Lenter detertnines that any paA oi the PropeAy is subJect to a lien whicn may attain prloriry over this : R
<br /> :d�... : •�..,:
<br /> .r,.��� � :; SecUriry fnabume�rt, Lender map glve Bortower a notice identity's��the lien.Batra�ver shall satisty the tien or take one or more of �(J.•1�
<br /> tke actions set farth above witNn 10 days ot the giving o!no� :..1,��;1�,;�t�`:`
<br /> ��i t • , •
<br />;� �.= � � . .,s 5. Hazard OP PPOpO�ty Itf9ui8nC0. Borrower sha1 k�ep the impravements naw exi°ting os hereaker erected on the � ��..,�;
<br /> 8 8
<br />���,j. ;t�:,_ Property insured aga+nst toss by ftre, hazards inctuded within the term'extended coverage' and any other hazards. Including ,. ,,
<br /> tloads or floodiRg.4or whicb Lende►requ(res Insurance. This insurance shatl be maintaned in the amounts end tor the pedads ' i�,...�
<br /> that Lender requ'ue�. The msurance cerrier providfig the insurance shall I�e chosen by Bortower subject to Lender's approvai • ;� _ .` '
<br /> � � whfich sha11 not be unreasonabry wRhhetd. If 8oaower ta0s to maiatzn ca��ere9e described above, Lendet may. at Lenders .. ;_
<br /> }'���� �� opUon,obtein coverage to proted LendePs dghts in the Prope�m aacc'�rrce wilh PeragraPh 7. :`�`+��•��.
<br /> - '-�:�•fj`;:
<br /> � All insurence Doh�eg anC cenewets shell be acceptable fa ��'Ger end shall inciude a standard mortgage clause. Is-�-der ,. ,
<br />.,.,;i" � � �� .� shall have the rghi t�hotd ihe pollcies and renewals. If Ler.C�reqcs�s. E�ura�yer sha: prGmptly give to Lender all cece'y^.�s ot . . . � �
<br />�'` }• paid premtums an3:�newal notiees. In the eve.�*.of loss. Bor.ower shatt gi:e prompt notice to the insurance carde►end Lender. .
<br /> �..,;- . '" .a
<br /> � • Lender may maice proot of loss H not made pro*:spHy by Borrawer. . .
<br /> '`._��� �J Unloss Lender and Borr.wer o2hen�+ise agee in wri+.irt� c;,��ance proceeds shall be appiled to restc�%on or repa'u o1 the _ .
<br /> •�, �� PrcpeRy damflged.H the res:emLon or repalr is economicaE��fc-�'bte and Lender's security is rtot lessened. I1 the res[cr�fr.n or
<br /> :.,� . . ; . �� reyair is not economleally teasate or Le�der's security wo�'r�b.►essened.the insurance pr�ceeds shalf be apptied to J-+e s:ms
<br /> . • secured by ihis Security InsUument, whether or r�s then d�e. with any excess paid to Bortower. ti Borrawer a��r�r•3 tha .
<br />`a�� �" " P►operly. or doea not answer within 30 dayra a �.Jce(rom Lender that the insurence carrler has oitered to settte a cie.r.e. then
<br />-'�:"_<' • Lender may collact the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> '3',::t� • secured by thia Sacurily Insttument.whether or not then due. The 30-day pe�iad wi11 begin when the nollce is glven. ._
<br /> - � ;• ',•� . Us�ess Lender and Eamu�er otherwkse agree in wr,IIr.� any apppcation o1 proceeds to pdndpal shall not �ctend or
<br /> ;.;':; ;`r`;�: past�ona the due date ot t�e r..onthly payments reterted rn �r paragraphs 1 and 2 or cfiange the amount ot the paymr�,ts. 11
<br /> =� �`�"' urtder paragraph Z� the PtopeR�is acquired by Lendet. Ec�'aer's Hght tn any insurance poiicies and proceeds resulqng irom ,
<br /> ;:�.' , �
<br /> , demage to the R��perty prior to the acquisittan shall p�� '.o Lender to tfie exterd ot the sums by this Security Instrument
<br />� • immediatety pdor ro the acqulsiHon.
<br /> - • 6. Occupan�y. Preservation� Mat�tenarcc� and Protvctian of the Property; Borrower'$ Loan .
<br /> ��,;:. � � Apptieatdmn; L0888h0l�8. Bartower shaU occupy. es�1:•.�sh, and use the Property as Bonower's pdncipal residence within .
<br /> " � � sixty days efter the executlon of this Secudty InsUument and shafl eonUnue to occupy the Property as Bortower s principal
<br /> t�:'. . .
<br /> residence for at least one year after the dnt� of occupancy.uniess Lender othenvlse agrees in wriUng. which consent shall not
<br /> :�:.•,. {
<br /> � be unreasonabty withheld.or unless extenueting cireumstences exist which are heyond Bortowers control. 8orrower shall not
<br />°r�. i. I destroy. damage ar impair the Propetty.allow the Propetty to deteriorate.or commit waste on ihe Property. Borrower shaU be in
<br /> �rs�'',. ' ' deiaufl if any forfeiture action or proeeeding, whether civU or criminal. is begun ihtR in Lender's goad fafth Judgment eould resu8 •
<br /> t�`: � � i in toAeRure ot ihe Property or o�'ervrise matedaily impair the lien created by thls Security InsVUment or Lender's se riiy interest.
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