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<br /> .� " `.` . 80RRO�VER COVENAN'f'S that Borrow� is Iawfnllg seised of the estate hereby caaveq�and�as the right to _ _
<br /> ,'- r � ,r gr�t�oaavey t� Pmperty and tLat the Pcoperty is�mbered, exaept for eacambrances of re�otd Bonawer
<br /> aanaats aad will defead geaeraUy the tItie w�he Pcapecty agatust ali ctaims and demamds,subjecc ro soy encumbiano�
<br /> � - . � of ceootd. - '
<br /> THIS SECURiTY INSTRUMENf oombines waifosm aov�aacs for aational use and noa-unifoim covenanss witHh � . �
<br />� . . limited vadations by judsdic�lan w caas�tute a�mifom� s�curIty inst�u�aeent ooveiing ieal pmggrcy+. - -
<br /> . ' .•'. UMFORM COVENAN'i'S. Soaower aad Lender covenant �d a�as foltows: ° .;:
<br /> .K_'�.,�'``� 1. �I�t of�.Lutaest a�L2fe t�. Eorrower shall pay wflen due the principal of.sad i�t .�.;.:'-
<br /> -� ...`'--r on.the debt evld�ced by the Note and.tate cha:ges dne imder tae Note.
<br /> .` i� :: 2. Ma�iLi9 FaYm�i of'd1�.�an�Otber�. Bormw�aball iactnde ia eac]��nthlY PaY��• -
<br /> S. �. ..<-.`
<br /> � _ toget�er with thc prtndpal and iaterESt. as set foith in the Nate aad any late ch�nrges.a sam for(a)t�s and spactal :, ::
<br /> : � assasc�nts tevied or w be Ievied again�the Pcoperty,tb)lease�old paym�ats ar gm�md ieuts on the Pmpe:ty,and
<br />" {c} psemiums for iusuianoe requited under P�raPb 4. Ia any year in vufilch the Ir.a�er must pay a murtgage ��«°
<br /> insureaoe pre�nium Lo the Sercetaiy of Hons�ug �d Urbaa Develapmeat ('Se�eta�►�,or in aay year ia wbid�surd� --
<br />�- -- -- premtum wouxd have beea requiied if I+euder stilt �eld the Seauity instrameat. ea�h moatblY Paym�t shali atso� �, =':�=
<br /> . ° iastude either. (�a sum for the annual martgage insunace pmmium to be paid bq L�nder m the 5�5+:or C�a �};��:.;'
<br /> � ��. ' t maatLlY cbaBe tnsd�a4 of a mnrtgage ias�uanae premi� if tbis Sacvriry Insnnm�at is[cetd��t�g ds�Se�etu9, ia a . '.`'':":
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<br /> • � reasoaable amnunt �o be det�ned Dy�he SeQetary. Fxcept for the manthly cb�e bp the�ry.�e it�s .
<br /> aTe ca]Ied 'Esctow It�"aa�the sums paid w lx�der aze cailed'Escc+uw Fuuds."
<br /> , . , Leader may.at aaq tiate.collecx aad hold amouuts for Fscmw Ite�s in an aggcegs�a am�m�uot to excoaed the .-
<br /> t �- � ma�m amouat that maF 6e reqniied for Bomuwec's escmw�acavat aader the Reai F.s� � Pmoeda�es -
<br />• . Act of 1974,12 U.S.C.�Z6t11 et Sea.aad implemeaUmg tegalailuns, 24 CFR Part 35iH}:as theg s�be amendEd from
<br /> ° .-�, .- . ttma to time("RESFA7►e�xo�t tLat the casLion or icseive perr.nitted hy RESPA fae�Cipased disb� or ,,`- _
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<br /> :-_-:=:� :�,: �� 1�f'ore the Famower s paymsnts are ava7able!n the acoarmt may n�t�i�l oa amommts due Bar�e �:��--,..
<br /> , . ; , mmt�a4ge iasviance Ptemium. �._�.
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<br /> ,�.' . If the�ts l�d by Leuder for Escmw Items exceed the amuunts pe�iue�i•w Yne hetfl.Lu R�A, LenKer shall �
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<br /> accouai w Boim�ver for tIte exoess fuads as requfired by RESPA. If the� of�imds het��T�?I.eadet at aay�me ,.;
<br /> ` m 'Sorrowa w m ����� `
<br /> ;,' ' ' ", aie aot sufficte�to paqthe Es�xow iteans wh�dae.l�ender raay notify the B+oiruaer."an�x�s. � °,
<br /> ` ` up the s6astage as pe�mit[e3 by ItFSPA. �
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<br /> } 'ifie Escaow Foas1s are pledged as additinnal s�ry for all sums s�ned bq��.�� If Somuwer .°`
<br /> ' �f>F:':;;' .�,i: tendets w Le�a$er tIr�flill paym�t of al�sw�sums,Bom�wer's at+cmunt:,s�ll�bc��Ct�iSr.;i��UaTance rema�g '-
<br /> .. �;.,';':`�.��:•.:��� � for all tastaUmeat �(a),N?,anii(c)a�l ea}'moacga8e ias�aa P� insta� t�E.'�e� —
<br /> .,;;;:�,. ,� �_.. . ;'`� obligated to paym t1�e Secretary.aacl t�i�r�sball PmmPUJI�fimd any excrss fund�:��om{�4'�:�t a�d i a t:e lY Prior _..
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<br /> �'�':,,:. � to a for��lasnre sale af the Prog�ty or ia scqu�sition_bjc,�ad�r,Horrower's accowu`�bti'be ca�'Cii� with�y hal�ce �-:__-
<br /> �,x'� ' �': �aining for aU instaAa� 6as itams ta), tb),aad�(r��, ,� ,.:;,.; ":': _
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<br /> .. . ��,� 3. Appli� of� All payments �mder paragrapb9 1�ad���.sl�l be applied by ;l.i�d r:as f o ll owa: _
<br /> � " �� �` �s�r,w the mnngaga tnsur�moe pr�d�m w be paia byl�eaaer�ttrthb,secnetarS►or w che mnm�}r charge byt�e � •- _
<br /> s � �`.—�.'• -`F Secreta�y instead oftbe�mar�WY mnrtga8e �s�aace P��: � _-
<br /> � � � � to a�y tsses.s��t�¢ts.1�s�ltold gsyat.°uts as�rouad rents,and fire,ttood and other I�td ._
<br /> ,:''^�,?�:rd'' • .. �� �1SL1�8IIOL' �I�9s 831CQ�31E%di G'
<br /> �� .;;. �D• to iaterest dne and� the;rI�tett; rj�
<br /> �.. ��,•f., � . 5�'�, FOUR'PH- to am4rdr�tlan of the�p�l�of the Notet�d �'-
<br /> i �.. ; . � :� .t� �to late ctarges dne imQet t�e:�l�lote:
<br /># . 4. �e.Fiaod amd�a �f�d � Banna�r s�aU insare atl imp�►en�ents on the Pmpe�ty�.wHethes � ':
<br /> r�t,"• � ea. iaclu d i a g�te�for wLic2t F :
<br />'a.`;:,�!;)� ' IIt1W�11 CJI�St�II�C 0!SUj1S2QI1C�ijjl CfeCfB� Sg83IISl 'dajl�9�qSU81� 8IId C� . �"%_�__
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<br />�rr�;�:`;; �. L�r;4e�r•sec�aims in.suranoe. 'lbLs iasoranse shaU be r'.mtatained ia.the �.:aad for the periods that'Lc�der � _�°
<br />� — -• teq,uins. Botrow�t•shait aiso i�nc� all improv� on the Prog��f,.vrh�.ff�r�naw in eaistet�oe or su6seqnemIy �,;1, � ;_-
<br /> "' . '�•, Rass by Qoads w the auent tequired by che Seccetary:.�A U��c e s h a 1 1 be c a e r I e d w i t h aomp a a i e.s
<br /> c�ed, � , e4u i � _�:':
<br /> �� '�}. :.` : �; �,tm'ed bp-Leader: The i�pxaace potides aad any reaewals s h a U be he l d by L�r an d s h a l l i a c l u d e l o s s p a y a b 2 e __-
<br /> �j��r .' ; ,.. .�� in favoz of,and ia�d0��aaceptable to,Leader. � _-
<br /> �;� ;� �. ".�;i;�: .:�, La the event of ioss.F,�r��t sLall give Lender imimediate notice by mail. Lender may make proof of toss if not ` .
<br /> ���,. "�,=�',,y,:.g� made pmmptIy by Boirowc�i:��Facb iasu�oe oomPanp coacemed is hereby si¢thorized and direc,t�ed to make paymea�t
<br /> for such loss direc� to Lender, in�.cg3�u f to B omnwer a u d to I.e e n der jo i n t ly. A U o r a a y p t u t o f i h e i n s�r e
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<br /> eitLer (a)to the redustion of the indebt�s uadet the Note and � :
<br /> '� �, . .1 pmoeeds may be sgplied by Leader.at its opflon, ,
<br /> I:�_
<br /> �j, y�tiy�5�rity Inst�nment. S�t to aay delinquent amouats appli�9n the order ln patagtap�L n,aad�to�ga�t ;;,:_
<br /> !��il;�'�'' � � ^
<br /> _�.��� . . . oP�rtndpal. os(b) w the�cesicration or repair of the damaged Property. Aay�a�P D
<br /> B�'= � : � ` pi3ncigal shaU aot exten�ar postpone the due date of the momblY P�ymc�ats w�i�are referred to in paragrsph 2.or. ,��+=
<br /> �-,: r,:" .:• .` , . .�;.,,;
<br /> , chsnge the�noaut of such paymems. My exces9 insurance pracee� a�r aa amownt required w pay aU ontstaadiag ��r7;
<br />��� r,�,� �� irts''�tedae�ss under the Na�e•aad ttils S�surity Instrument sha116e B�w t2te ent3ty legaUy e�titled ttce�eto. ,�:.
<br />.�s51�j�r�*:, ,..'`.. '':. I��We event of foreclai��06 thie Se�uity Instn�ramt or other transfer of titIe to the prapErty thai extinguishes ,° -
<br />�:x,;.,;,,,. ..':�,,,',.q t���inde�ttedne�ss, all right;"tisui`and int�ese of Boac�ver in and to ia�uauoe fsollct� ia fo�e shaU pas9 W the ,
<br /> j Putr�aset. .
<br /> . ,�..`,�+` � s. poo�y, ptracsv�ion, M�pe and Ptotee8an af t� Fiapelty; Bmaawda Loan Applh�lan:
<br /> . , � L�da Borrower shall oc�upy,establlsh.aad use the Prope�ty as Borrower's p�inclpal cesidence witliln sktYdays
<br /> � . � after the exe�8oa of thL4 Security Insaument (or arithin sixty days of a later sale or tr�sfer of the Praperty) and sLaU '
<br /> � . condaue w aaupy the Pmperty as Borrower's principal res�dence for at least one year aRer We Qate of oaa�pancy, �, :
<br /> uniess Lender detenmines tbat rec�ilrement aiil cause vadae batdsiilp for Borrower. or unle.as extenuadng
<br /> . .� ci�ms��nse.a e�dst wt�c3� are beyond Bormwez's coatrol. Borrawer shall notify iRnder of any exteauadag _
<br /> �� �'.' , r�asga-FaA n�oF�aUSr �
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