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<br /> ` , TC1CiETHER WITH �N th� knprovamente now or henatte� ersct�d on the propsrty, �nd �N Me«nmt�, ap{wRen�ncn, and
<br /> -�� Ilxtuns now or h�rMlt�r�p�rt o1 the propNty. AM rep4iamnnte�nd addiUene eh�4�Iso be cov�nd by thia 3�curity Instn�m�nt.
<br /> AM ul Ihr forwolnp le reterr�d to in Ihle Security Instniment�e the 'PropeHy.'
<br /> �, � DaRROWER GOYENANT3 th�t BortowM Is lawluly selzed of the est�te hereby convey�d �nd h�e the ripht to �ant �nd V
<br /> h cor,vey ti�a Prop�rty �nd th�l the Propa�ty la unmcumh�etl, ox�ept tor encumbr�ncea uf r�cord. �ortowx war�ynte �nd will
<br /> • dt(�nd pmN'�Ny lh�tNl�to th�P►opedy aqtlnet �II clalms�nd dern+�nda, eubJect to�ny encumbr�ncee o}record.
<br /> ;', ;,,� THI9 SECURITY IN9TRUMENT combinee unMorm covenants 1or mtland use �nd non•unllorm coven�nts wllh Ilmited
<br /> wrl�tlone hy Jurisdictlon to conelituto �urtflorm eecurtty Inelrument cove�inp real property. ''
<br />'? . �= UNIFORM GOVENANTS. B�rtoww�nd L�nder covananl and�yres�n tollowe:
<br /> �''�'� 1, P�ym��t of Prittclpal �nd Int�nst; Pnpaym�nt and I.rt� Charq�a.Bortower ahall prompty pry when�
<br /> � due tho ilnclpal 01 and Interost an the Aebt nvldenced by the Note�nd eny prapoyment�nd lete cherqas due under the Note. y
<br />-�;� 2. �unds for T�x�s and Imur�na�. SubJect to�ppUcable i�w or to�written w�Ner by Lender, Hanower shaA p�y �
<br /> lo Under on the d�y monlhy paymenle wre due under tNs Note, unt►I the Note le p�ld fn (uN, � sum ('Funda') tor. (a) ysaty
<br />��^�� t�xee �nd �saesamenta whlch m�y antln pdority mer thls Secudty InetNment se ■ Han on the Praprtity, (b) yeady leasehald w
<br /> .:�� p�ymK►ta or qround rente on tha Property,H �ny; (o) yeuly hazud or property Inaur�nce premluma: (d) yearty Aood Insunnce
<br /> premlum�,if any; (e) yeary mort�pe haunnce premluma,I}any; end (Q sny suma payabls by Bortower to Lender in accord�nce
<br /> ;,s,;�` with the provlslona o1 par�pnph A, N Ileu ot tho payment of mortgage Ineurance premlums. These Itoms are catled "Eacrow
<br /> Items•' Lender m�y. at any time, colsct�nd hold Funda In en emount not to exceed the m�ximum �mount a lender tor a
<br />°�'?'L"��' }edenly related moAg�9e loan m�y requiro for Bortower's escrow nccount under thA fedenl Rad Estate Settlement Procedures
<br />-!�.�.,,..
<br /> Act of 1874 ea�mended from time to thne. 12 U.S.C. �2801 et aeq. ('RFSPA'), unless enother law that �pplles to the un s
<br />_���^�� sets � lesae►emount. I1 so, Lender m�y.at any tlme. collect and hold Funda In�n amount not to exceed the lesser amount.
<br /> "-� �" L�der may sstk►�te the smou�t ol Fwda due on the basls o1 current d�te and reasoneble estlmates oi expendriuras ot tuture
<br /> .�.:�,_1
<br /> _, ���p Fsaow ttema or othaiwlse in sccordamce wRh sppiicable Iaw.
<br /> �%�z�r:.. Tha Fund�ahaM be held In an Instllution whoae depoalts ore Inaured by e federnl agency.InawmentaHty, or entity pnduding
<br /> � �s Lender, N lende► la such an Inatllutlon) or In �ny Fsderai Home Lwn Bank. Lender ehaN�pply lhs Funda to pay the Estxow
<br />"''-�:%� It�+rnt. l.eede►rrKy not chuge Bart�wx tor holdinp�nd epplyH�g the Funds, annwly anat�iny th� esuow �ccounl,o�verilyfny
<br />_��-�;;�,� the Eserow Itama, unbes Lender pay► Bortower Interest on the �unda and �ppNcabi� kw �e+r��(te Lendw to m�lee att=h n
<br /> -d��� ch�rpe. However, Lender maY requin Bortowx to pay a one-tkne charqa tor an k►dependmt rul eatats tax repoitinp eavice
<br /> __�;.��� uaed tr� Lendr.• M� cn�nn�:tlon wrih Ihla Iwn, unlRw, �pplicable I�w providea oth�wtss. Unlesa an ��sement Is rrMds w
<br />---_-� Np p N c abi�law requkss Interest to be ald, Lender ahail not be requlred to pay Bortowsr any Intereat or eamings on the Funds.
<br /> - Bortowa rnd Lender may �pree In wdt{np, however, that {nterest ah�ll be p�ld on the Funda. Lender ah�►Y yh►e to Bortowx,
<br />= - wRhout charye, an annud eccounqng of the Funds, showing credite and debfte to the Funds �nd the purpaae for whkh e�ch
<br /> - = debit to the Funde was made, lhe Fwds�re pledyed cs addldonal securfly tor all sums secured by the Security Inahummt.
<br />:,?;"� If the Funda held by Lendet exceed the amounts pemi(tted to be hdd by appNuble kw, Lendx ehak account to Bc+rrower
<br /> .,y���� for the excesa Funda In accordanc0 wflh the requkements uf�ppNcabls kw. If the amount of the Funds held by Lenda st any
<br /> - Ume Is not sutfldant to pay the Escrorr Items when due, Lender may so notity Bortower in writlny, and, In nuch case Borrower
<br /> =�_z,±.� shaN pay to Lender the smount neceesary to tmke up the deflcioncy. BoROwa shaN make up the deflclency in no more than
<br />�»�i',� tweNe monthy paymmnts,at Lender'a sole discxetlon.
<br />=;;�`;:� Upon p�yment in tuN ot dl suma secured by thls &ecurity Inatrument. Lendx shaN promptly rehind to Borrower any Fvnds
<br />-:.:�4�t•.:o hekJ by Lentler. it,undx pera�nPi�ii. tenuar ati.A.cGutr at aa�!ltsc?sa�ts!;. len��r. �+!!nr tn the acauisiUon or s�is o4 1he
<br />�:� Properly,shaM �pply my Funds held by Lender�t the time ot acquisRion or sale as e credit aydnst the suma aocur�ed by 1hb
<br /> _____ Security Inst�ument.
<br /> - 3. Applic�tlon of Paym�nts. Unleaa �ppAcuble law providea othawlse, aq paymenta rece�ved by lendv under
<br /> panflraphs 1 and 2 sh�ll be appYed: flrst,to eny prepsyment chargea chie undx the Note; eecond,to emounta p+�yable under
<br /> --- panqraph 2;thkd,to interoat due;foudh,to prindpsl due; and last,to�ny late charpea due under the Note.
<br /> = - 4. Ch��p�s; U�nl. BoROwer ahsN pay aN taxes. aesessments, chupes, flners and knposkions �tMbutabte to the
<br /> �° property whkh mty attdn priority ovK thla Security Instrument,and le�sehold p�ymente or ground rente,R my. Borrower sheM
<br /> pay these obNgstionn In the r»�nner provided in p�ngnph 2. or H not pald In that rrwnnx, Bortowsr shaU p�y them on tkne
<br /> dkectly to the paeon owed paymen� Bortower sh�N promptly fumish to Lender aN not(ces of�mounte to bs pald undx thla
<br /> panyraph. H Borrower m�kea theao paymente dkectly, Bortower sh�ll prompty tumish to Londa recelpts evidendnp the
<br /> -�-- paymente.
<br /> -_- Sarower shaN prompty diseharqe any Ilen whlch has p�lwily over this Security InaUumer►t unless Borrower. (a) �gre�s (n
<br /> wriunp to ths p�yment of the obYgatlon eecured by the lien In e manne�acceptable to Lender; (b) conteate k► pood idth the
<br /> lien by, or datenda agak�st enforcemx�t of the Nen k►, legal proceedinpa which h the Lendx's opinion opente to provent tho
<br /> eniorcement ot the Nen:or(o) aecurea irom the hoider of the Nen an apreement eadatactory to Lendar aubordlnaUny the Nen to
<br /> thl�Security Insttument.I}Lender delamk�ea that any part ot the Property ta subJect to�Ilen whlch.may attaln priority over thle
<br /> gecurHy inatrument, Lender may pive Bortower a notice IdentNying the Nen. Bortower shaq aetisty the Iien or t�ke one or moro of
<br /> - the ecUona set iorth nbove wNhin 10 daya of the phrinfl ot notice.
<br /> 5. Haz�rd or Prop�rty In�ur�nc�. Bortower shall kee� the knprovements now existinq or here�Rer enatad on th�
<br /> __.. property Inaurod agafnat lose by fire,haz�rda ktdudsd wfthin the term "extended aoverxge' �nd �ny othx hazuda, Indudin0
<br /> --- 1loods or 1looding,1or whlch Lendet requkes Inaunnce. Thie Inavrence sfisfl be m�k►talned In the amounts�nd(or the pe�lods
<br /> — :h.t ia�da;raukes. Ti'�e I7�btlfitlG i C6ii�6f provlding thc lnsumnce shwM�a che±en hy Ronower subiect to Lender'e apQrowl
<br /> which shRN not he unreason�bly wYhhskl. It Bortowe►!alls to maln�in coverape desaibed sbove, Lender may, �t Lender's
<br /> opUon, obUN� coverage to pinted La�der'a riyhts In the Properry In accordanco wRh paragraph 7.
<br /> AN Inaunnce poNdea md rene�nls shdN be acceptable to Lender and ahtN Include a atsnderd mottyege dsuse. Lender
<br /> shtN have the right to hold the poYdea end renewala. Ii Lender requlres. Bortowe►sh�N promptly ghre to Lender eN receipts oi
<br /> pNd premtums and renewel notices. In the event ot loss. Bortower shaY give prompt noUce to the Insurance cartler and Lender.
<br /> Lender tnRy ms!cs prooi ot loss H not made promptty by Bort�wer.
<br /> Unless Lender and Borrower othc�wlse agree In writing, insurence proceeds sh�ll be�ppKal to restonttlon or repak ot ths
<br /> Ptoperty damaged�H the restoratlon or repsk la economlcaiy leaslble end Lender'e security Is not lessenod. If the rostontlon or
<br /> �� repalr Is not economicaNy feasible or Lender's secu�iry would be lesaened, tho Inaunnce proceeda shaN be epplled to the sums
<br /> — secured by this Security Instrument,whether or not then due, with any excesa pald to BoROwer. Ii Bo�rower ebandons the
<br /> --- Property, or does not enawer wRhin 30 days a notice trom Lmder that tho insurance cartfer has otterod to settte a clekn, then
<br /> -- :�:3, Lender may callect the insuranee proceeds. Lender may use the proceeds to repak or restore the Praperty or to pey sums
<br /> --^ - secured by this Securfly Insttument,xhelher or not then due. The 30-d�y period wiW bepin when the notiae is phren.
<br /> -_-�_::��;a�i Unless Lender md Borrower othenvise n9ree In wriling, any eppYcation of procceds ta pr{nGpal shRN not extend or
<br /> ��_;-m;,�_�i poatpone the due date of the monthy payments referred to in paragraphs 1 �nd 2 or change the amount of the payments. It
<br /> ""''"� under pv�graph 21 the Prope�ty is�cqu(red by Lender, Bortower's �ight to any fnsutance poiicfes end proceeds resul9ng trom
<br /> �-�— d�mage to the Property pdor to the acquleition shell pass to Lender to tho extvnt of the sums by this Security in8trument
<br /> - •t:d: knmediatey prlor to the acqulslUon.
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<br /> - _"'==�'= 6. Oacupancy, Pr�s�rvnian, �uiaintsnoncs �IIO t'�o�ec�ion oi ini �ivFri�i=: ovP?w:�. . �...:.
<br /> _-�'�::i� Appliestlon; Loas�holds.Bortower shall occupy, ostebtah, end use the Property ns Bortower's princlpel residence wfthin
<br /> sixty days arier lhe execuUon of 1Ns Security Instrument and ahall continue to occupy the Properry as Bortower's principal
<br />-';ti;�'�� , residence 1or et least one year�tter the date of ocrupancy, unloss Lender otherwise agrees in wdting,which consent shaN not
<br /> _w�y�,;, be unreesoneby withheld,or unlesa extenuatlng circumstinces exist whlch nro beyond Borrower's control. Bortower shall not
<br /> =�.i;7?�+''1 destroy, damage or Impalr the PropMy, ellow the PropeAy to deterlorate, or cortunit waste on the Property. BoROwer aheli be In
<br /> -_':'��iiir;'•� defauft If any torfeiture ection or praceeding, whether chrfl or cxlminal, Is begun that k� Lender's good faith Judgment could resuft
<br />-''`::;+iy> '' in tortelture o}the Property or othernlse mateNally knpalr the Ilen crreted by thla Security Instrument or Lender's secu�ity inte►eat.
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