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<br /> TOt3ETHER WITH all the Improvements now or hereafter erected on the property, end all easoments, sppurtenances,and ' t__
<br /> � fuAUres now or haeaner a pad of the properly All replacements end additions ahall also be covered by thls Securlty Instrument. n , �k, ��=�,
<br /> 1 All of the toregoing Is relerred to In thls Ser,uriiy Instrument es the'Proparty."
<br /> � BORROWER COVENANTS that Borrower Is lawlully aelzod oi the eutete hereby canveyed and hes Ihe rlght to yrant and
<br /> ; convey the Property end thnt the PropRa alnat ell clalmseand dom ntds�rsubJect to anysencumbrance sof record.arrants and will
<br /> detend generelly the title to the Propercy 9
<br /> THi9 SEGURITY INSTRUMENT cumbines uniform cavenanta for netlonal use and non•unllorm covenants wlth Gmita
<br /> , ve►Iatlona by Jurladlction to constitute e unHorm security Instrument covering real property. �
<br /> UNIFORM COVENANTS. Bonower end Lender covenant and agree es follow3: � �
<br /> 1. P�yment of Prinoipal �nd Int�rsst; Prep�ym�nt And l.�te Chargps.eorrower shall promptly paywhon a�
<br /> due ihe principai ot wnd interest on lho debt evidenced by ihe Note and any prepayment and lete charges due under the Note. __
<br /> ' 2. Funds tor T�xws and InfU��nC�. SubJect to appllcable law or to a written warver by Lender, Borrower sh�l psy
<br /> lo Lender on the day monthy payments ere due under the Note. untll the Note Is pald In full, s sum ('Funds')�ar� leaseho d ' �.
<br /> ,. taxes and essessments which mey etteln P;e y,°��� yea�y h�ra d lortproperly Insurance premeums;�(d)ye3rly 110 d Insumnce . •
<br /> � � w peymeMs or ground rents on the Propery�. �
<br /> premlums, 11 any: (e) yearly mortgage Insurence premlums. If any:and(� any sums payabie by Bortower to Lender in accadance
<br /> with the provislons oi paragreph B. In Ifeu of the paymeni o1 mortgage Insurance premiums. These Items are called 'Escrow
<br /> Items." Lender may, at any time, collect and hold Funds in an emount not to exceod the maximum amount a lender for e . :.,:
<br /> lederally related mortgage loan may roqulre tor Borrower's escrow account under the fedoral Real EstateSetll'me=o the unds •�'•>r`=�`°°�—
<br /> Act ot 1974 as amended from time to time, 12 U.S.C.�2601 et seq. ("RESPA'). unless anather law thal app .:F�,��._,._
<br /> sets a lesaer amount. If so,Lender mey, at any time, collect and hold Funds fn an emount nat to exceed thu lesser amount. , . -___
<br /> { Lender may estlmate ihe amount of Funds due on the bnsis of current date and reasonable estimates of expenditures of iuture �;..+'��,,,'
<br /> 1- Escrow Items or otherwise In accordance with applicable law.
<br /> The Funds shall be held In an Institutlon whose deposfts ere insured by a federal agency,Instrumenlality,or entiiy (Induding �,;.
<br /> Lender, ff Lender Is such an Institutlon)or in any Federal Ho ne the Fn ds, annually anallyzing hehescrow$acc unt,torverffyln9 ;;�.�t'��
<br /> Items. Lender may not charge 8orrower(or holding and applyl 9 ,
<br /> the Escrow Items, unless Lender pays Borrower Interost on the Funds and appllcable law pomdts Lender to mako cnch a
<br /> charge. However, Lender may require Borrower to pay e one-time charge for an Independent real estete tax reporti�g service
<br /> used by Lender In connectlon with thls loan, unless appllcabie law provtdes otherwise. Unless an agreement Is m�de or �; ,'�
<br /> appliceble law requires Interest to be pe!d, Lender ahall not be requlred to pay Borrower any Interest or eamings on the Funda. .�S�R,.
<br /> Bortower and Lender may egre�e In wdting, however, that Intereat shall be pald on the Funds. Lender shall glve to Barower. ��y
<br /> �, � wlthout cherge, an annuai accounUng ot the Funds, showing credits and debfts to the Funds end ihe purpose tor whlch each • ���'
<br /> debit to the Funds was made. The Funds are pledgod as additlonal security 1or all sums secured by the Security Instrument. �.i
<br /> If the Funds held by Lender exceed the amounts permftted to be heid by applicable law, Lender shelt account to Borrower y�;,.
<br /> �� for the excess Funds In accordance with the requlrements ot appitcable Iaw. If the amount of the Funds held by Lender at any ;,__ —
<br /> time iu not sufflclent to pay the Escrow Items when due.Lender may so notily Borrower In wtiting,and,ln such case Borrower �rJi��_;
<br /> shell pey to Lender the emount necessary to ma k e u p t h e dellclenc y. Borcower shall make up the deBclency in no mare than � `I..
<br /> �� � � tweNe monthly payments, at Lender's sole discretion. ��
<br /> �i Upon aayment In ful l o l a l l au m s s e c u r e d b y t h i s S e c u�i t y Instrument. L�n{d�er shall promptly ralund to Borrower arry Funds �
<br /> ; i held by Lender. It, under paragreph 2t, Lender aiinii acy��rs c: �e:!!he Pr^ " I ender. orlor to the ecqulsitlon or sa t e o f t he —�,
<br /> �� � Property, shall apply any Funds held by Lender at the time af acquisition or saie as a credri agalnst the sums secured by thls �_,
<br /> Security InsUUment.
<br /> ��� 3. AppUcation of payments. Unless applicable lew provides otherwise, all payments �eceived by I.endw under �:, -
<br /> � . psragraphs 1 and 2 shall be applled: lirst,to any prepayment charges due under the No1e; second, to amounts payabte under _ -
<br /> paregreph 2; thlyd, to Interest due;fourlh. to principal due;and last,to any lale charges due under ihe Note.
<br /> 4. Ch�rges; U011f. Barower shall pay all teuces, assessments, charges, 11nes end imposi�ons attributabk to the
<br /> Property which may attaln pdority over this Securiry Insttument,and leasohold payments or ground rents, it any. BoTrower sheit
<br /> pay these obligatlons �n the manner provided In pare9raph 2, or if not peid in that manner, Borrower shell pay them on time '
<br /> directly to the peraon owed payment. Bortower shall promptly fumish to Lender all nolices of amounts to be pald under thls i�
<br /> paragraAh, Ii Borrower makes these payments dlrectly, Bortower shall promptly fumish to Lender recelpts evidendng the
<br /> ' ' �- payments. -
<br /> ': Bortower ahalt promptly discharge any Ilen which hes priority over this Securtty Instrument uniess Bortower. (a)nqrees in
<br /> wrtting to the payment of the obligatlon secured by the Iien In a manner acceptable to Lender; @) contests in good lalth tt�e
<br /> Ilen by, or defends against enforcement of the Ilen In, legal proceedings whlah In the Le�der's opinlon opernte to prevent the
<br /> enforcement ot the Ilen; or(a) secures from the hotder of the Ilen an agreement satisfactory to Lender subordlnating the Ilen to
<br /> this Security Instrument. If Lender detertnines that eny part of the Property is subJect to a Ilen which may attain priority over ihis
<br /> � Securiry Instrument, lender may g�ve Bortower a notice Identiying the Ilen. Bortower shell satisly the Ilen or take one a more of
<br />; � the actions set forth above within 10 days of the glving of notice.
<br />" 5. �IAZard or Property Ineurance. Borrowe� shall keep the Improvements now exisUng or hereafter erected on the
<br /> - Property Insured agelnst �oss by flre,ha7ards included withln the term "extended coverage" and any other hazerds,including
<br /> . ,: tloods or 1looding, for whlch Lender requfres Insurance. This insurence shell be melntained in the amounts and tor the pedods
<br /> that Lender requlres. The Insurance carcfer providing the insurance shall be chosen by 8ortower su6)ect to Lender'a npproval -
<br /> which shall not be unreasonaby wilhheld. N Bonowor falls to malntaln coverega described above,Lender may, el Lender's
<br /> * option, obtain coverage to protect Lender's rights In the Property In eccordance with paragraph 7. `�
<br />_ • �r All (nsurance policies and renewels shall be acceptabie to Lender and shall Inciude a standard mortgage clause. Lender `_ -�:
<br /> � �, shall have the right to hold the policles end renewals If Lender requlres, Borrower shall promplly gNe to Lender ail receipts of �
<br /> •� paid premiums end renewal nolices. In the event of loss, Bortower shall give prompt notice to the insurance cartier end Lender. �
<br /> - � Lende�may make proof of loss it not made promptiy by Bortower.
<br /> Unless Lender end Borrower othennise agree in w�ting, Insurence proceeds shell bv applied to restoratlon or rcpalr o(tho �';�. x,, "r
<br /> x �, Property damaged,if the restoration or repafr Is economlcally feasible and Lender's secur!ry is not lessened. If the resloratlon or ;; ,,:�•;•,°
<br /> repelr Is not economicalty feasfble or Lender's securiry would be lessened, the Insurance proceeds shall be applied to the sums �� y�,�
<br /> secured by thls Security Instrument,whether or not then due, with any excess pald to Borrower. Ii Borrower abandons the '�'�, •
<br /> : .,'�� •.C':., ":
<br /> � PropeRy, or does not answer within 30 days a notice Irom Lender that the Insurance cartfer has afftted to serile a daim,then ,+;'::� .
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<br /> Lender may coliect the Insuranca proceeds. Lender may use the proceeds to repalr or restore the Propetty or to pay sums � � ,��, �
<br /> i�� secured by this Security Instrument,whether or not then due. The 30•day pedod wili begln when the notice is given. .,�,,�,:.�,j�tc; ,�
<br /> � Unless Lender and Borrower olherwise agree in wrfting, any applicatlon of proceeds to principal shall not extend or
<br /> postpone the due date o(the mo�thly payments reterted to in paragraphs 1 and 2 or change the amount ot the payments. �i •• "•.+.
<br /> under paragraph 21 the Properry Is ecqulred by Lende�. Borrower's Hght to any Insurance policies and proceeds rewtting from
<br /> damage to the Properly prior to the acquisltlon shall pass to Lender to the extent of the sums by thls Secu�ity Instrument
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<br /> � 6. Occupancy, Preaervation, Malntenance and Nrotect�on o� i�e rrvpvuy. �..��.,..a,o ,
<br /> � Appllcation; l.easehOlds. Bortower shall occupy, estabilsh, and use the Property as Borrowers principal resfdence wfthin
<br /> sixty days efter the executfon of this Secu�fty Instrument and shall contfnue to occupy the Property as Bortowers principel
<br /> residence for at least one year after the date of occupancy,unless Lender otherwlse agrees in writing, whlch consenl shau nol
<br /> - be unreasonably withheld,or unless extenuatfng circumstances exist which are boyond Borrower's control. Borrower shall not
<br /> destroy,damege or Impalr the PropeRy. ellow the Property to deteriorote, or commit waste on the Property. Borrower shall be in
<br /> nefoAeim enol thelPr pe�rry or othervrisedmatedaly Impeir therllen create`d by9histSecurity Instrum nt ortLiender�'s securiryuinlerest� j
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