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<br />�� '�����'� � TOfiETHER WITH �1 th� knprovements now or henxftor erected on the property. �nd aN esaemante. �ppurbnanas. �nd _
<br />� � •" ��3 ffxturos now or harMftx�p�ut of the property AI�repltc�n�nts �nd addtUona eh�N�Iso be covend b/thla Sewriry InsWm�nt. ;,
<br /> � All ot the torepolny le rdeRed to in thls 3eaurity Inetrument�e the 'Property' _.__
<br /> BORRQYVER COVENQNTS that 8arrower le lawfuly aNzed oi the estate hereby conveyad �nd h�e tha dpht to pnnt �nd -
<br /> � convoy the Propsrty �nd th�t the Properly le unencumbxed, except tor enoumbrances o1 record. Bo►rower wan�nta �nd wAI �.�"�:
<br /> defer.d gena�Ny th�titl�to th�Properry�yalnat�N dakna and danunds.aubJect to my encumbrmcea of record. _ -
<br />_ _ THiB 3ECURiTY INST�iUMENT combfne� unRorm coven�nta lor netlond uee �nd non•unitorm covemnte wlth Yrr�ited� _,
<br /> v�dations by Ju r ls d l c Gon to cona t Ru t e�u n H o r m a e c u t i t y Instrument coverin g real property. 1 .,;;�.
<br /> . �,� �� UNIFOflM COVENANT9. Botrowa�nd Lender cavenant�nd �aea�n toNows: _
<br /> 1. P a y m�n t o f P r l n a l p N a nd IMonst; Pn p�lm�nt�nd L�t� Chsrp�s. Borrower ah�M ptompUy pay when
<br /> duo tho rrinclpel ot end Interest on ihe debt evld�nced by the Note tnd any prepayment�nd kte chargea due undK thc Notn. �"-'.
<br /> .� 2. Funds for T�x�a end Insuranc�.SubJect to appRC�ble law or to �wrttte�wahrer by Lenda. Borrowor ehaA pay~ p
<br /> y ..:.•� to Lender on the d�y monthly p�yma►tn are due under tho Note, untN the Note la pald In fuN, �auro("Funds') tor: (�e� {"_;__
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<br /> f texes and nsaesamenta whlch may �ttaln prlority over thls Secu►ity Instrument as � Ilen on ihe Pro b) yeuy►
<br /> e� Aood Insunnc ��
<br />' piymenta or ground renta on the PropeAy, if any: (a) yesrty hazard or property Ineurance premiuma; (d) y ry _
<br />�� premiums. If any; (e)ye��ty mortqage Insurance premluma,K any; snd(Q my nums p�yabls by BoROwer to Lendx In accord�nc, `�
<br />�°��• � wlth the provlsions oi paragreph 8, In Ilou ot the payment of mortgege inaurance premluma. These ftema sro called 'Escro _
<br /> Items.' Lmder tmy.at any tlme, collect nnd hold Funds In an amount not to exceed lhe meximum emount s lender for e
<br /> fedeteNy related mortgaye toan may requke tor Borrower's escrow account under the fedarel Rcal Eslnto Setllert►eni Procedures __
<br /> Act of 19i4 es amended bnm dme to time. 12 U.3.C.�2601 et seq. ('RESPA'l. unless another law ihat appAes to the Funda
<br /> � aeb a lesaer amount. If ao, Lender may. at any Ume, coltect and hold Funds In an amount not to exceed the lesser emount.
<br /> • Le�der may estlmate the amount of Funds due on tha basis of current data end reasonebte estim�tes oi expendltures of future
<br />� Encrow Items or othe�wlse In accard�nce with eppAabb law.
<br />�„ . '_. The Funds sh�W be hdd in en tnstNutbn whose depoafts aro Insured by e fedaal ageney,InatrumenWBy.or enUlY(indudin9
<br /> Lender, H Lender la auch �n inatituUon) or in u►y Federal Home Lan Bank. Lender shaN appy ths Funda to pay the Escrow
<br /> ' - Itema. Lender may not charye Bomower for holding�nd�+plyhg the funda,annurlly emlyrinq the eacrow account, or veiilyk�p =
<br /> • the Escrow Itema, unbss Le�da paya BoROwer intensst on the Funds and appllcab�o law pe�nite Lender to m�ke such a ,
<br />_.`, charge. However. Lender maY requtre BoROwr. to pay r ono-Ume charge tor an Independent real estate Ux ropoRing servbe v
<br /> uaed by Lender in connection with this ioan, unlass appNable lsw provides othawiae. Untesa m �p►eemeM �a n'►�de or
<br /> appRcable law requkes k►terest to be paid, Lender shaq not be requked to pay Borrower any interest or e�mings on the Funda. �,
<br /> i: ' ' ' Borrowa �nd Lendx may ayree in wrilin9, howaver, that interest shaN be pNd on the Funds. Lender ahall pNe to Borrower. _
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<br /> • ' wrihaut chuye, an annua!accounUng of the funds, ahowfng credits and debite to the Funds and the purpose tor which e�c
<br /> .:',�,', r debft to the Funda was made. The Funds are pledped as additionel securtty for all sums secured by the Securiry Instrument. _
<br /> � f " If the Funds heid by Lender axceed the amounts pamilted to be hdd by applicabie I�w, Lendet shaY sccount to Borrower
<br />-,a4.:��:,�. � for the excesa Funda h accoM�nce wRh the requkementa o1 appYcable kw.if the amount of the Funda held by Lender at any
<br />�� tkne is not sulAcient to pay the Escrow Itema when due, Lender muy ao notity Bortower In wrlting,and, In euch aae BoROwer
<br />=`<���'�` ahaN pay to Lendx the amount necesauy to m�ke up the deflciency. 8ortower ohaN make up the deflcleney in no moro than
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<br />��._ ,.� twelve manthy paymenta,at Lendx'a sob discretion.
<br />-�;,�,41r_ :y.. Upon payment M fuB of eN aums aecured by thts Securiry Instrument, Lendet ehsq prompdy relund to Borrower any Funda
<br />--r=+.�. i�aa oy Za,ua. K,+�d�i�.B�D� �!,����,yey s��'�"�{ a.x the Property.Le�der.prior to ihe acqulai�an or sale of the
<br />—y��:r��E� Properly, ahaN apply +ny Funds held by Lender at the Ume of acquistdon or aale as a credtt agdnat the sums secured by th�a
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<br /> �:': Secu Inatrumenl
<br />��'-"� ` 3 Appltedlon of Payments. Unless appYcable law provldea otherwise, ail paymenta recnived by Lender undx
<br />-'�.�!- parngnphs 1 snd 2 shaH be appAed: ftrs� to any prepayment cherges due under the Note; second,to amounts payable under
<br /> v.•;r w�v, paragnph 2;thkd,ta IMeroat due;tourth,to princlpnl due; and lasl,to any kte charges d��e under the Nota.
<br /> v-�,``� 4. Ch1�rA�s; I.lrtlt. BoROwer 3haU pt�y ail taxes, assessments, charges, flnes and Impositlona uttdbutable to the
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<br />�,A,,:��� Rwperty which m�y att�in prior{ty over th(s Security Instrummt, and Ieasehoid paymente or ground rents,M�ny. Borrower ahaY
<br /> _^�����, pay these obNyaUons In the rt►�nner provided In paragraph 2, or H no4 paid In that manner, Bortower shall pay them on Ume
<br />__,;�,�.� dkeetly to tha pason owed payment. Borrower ahaW promptly iumish to Lender all noUces oi amounta to be pdd under this
<br /> __.��5�,��: puasnph. It Borrower ttwkes these payments directly, Borrower shall prompty tumish to Lendor receipts evidmdng the
<br /> ,.. --._.:.:� WYmenta.
<br /> ----- Borrower sheN prompdy dischu4e any Wen which ht►a priority over thls Seeurky Inatrument unless Borrower. (a)ayrees in
<br /> -°"� writhp to the payment o;the obNgaUon aecured by the Nen In ■rtwnner accepUbla to Lender, (b) contosta in good tsfth the
<br /> Yen by, or detenda ay�inat entorcanent of the Ilen in, leyal proceedings whlch in the Lender's opinlon operate to provent the
<br /> °��'� enfoncanent of ths Nen: w(e)secures from the holder of the I!m an agteement eaUs(actory to Lender aubordinatlng the Nen to
<br /> �� thla SecurNy InsUument If Lender deterrnines that any part ot the Property is subJect to a Iten which may att�k� prlorfty over thts _
<br /> -.— SecurNy Instrument. Lender may give Borrower a noUce identNying the Iien. Borrawer shall as.Usty the ilen or teke one or moro of
<br /> the actions set fodh above wfthin 10 days of the gMng of notice.
<br /> • - 5. Hu�rd or Prop�rty► Insuranc�. Bortower ahaN keep the M�provanents now existing or hereafter erected on the
<br /> � _— Property Insured eg�nat losa by tke, huards Induded wfthin the term 'extended coverage' and ercy other haiards, Including
<br /> ---- tloods or Aoodinq,tor which Le�der requkes Insurance. Thia insurance shaN be ma(ntained In the amounta and ior the pertoda
<br /> =— thet lender roquaes. The insunnce c�rtier providk►g tha insurance shetl be chosen by Borrower subJect to Lender's approval
<br /> � which shaN not be unroasonebly wkhheld. It Borrower 1aHs to mak►tatn coverage described above, Lender may, at Lender's
<br /> -- option, obtRin covenpe to protect Lender's rlghte In the Property h accordamce wkh peragra.ph 7.
<br />- ���' AN Insurance pdidea and renewala ah�N be acceptable to Lender and shaq include a standerd mortgage ofause, Lender
<br /> ;zr�ca shad have the ripht to hold the poNdes and renewals. Ii Lender requkes, Borrower shall promptty ph+e to Lender etll recelpts ot
<br /> -- �``s� pald prerniums and renewal notices. In the event of loss, Borrower shall gbe prompt noUae to the Insunnce cartier and Lender.
<br /> Lender may make proot ot loss H not made prompty by Bortower,
<br /> :��� Unlesa Lender ind Borrower otherwlse egree In wrking, Insurance proceeda shall be appNed to restareilon or repaM ot the
<br />—'�`�:�*�� Pmparty damafled. N the restoratlon or repak is economlealty teasible snd Lender's securiry is not lessened.It the restoraUon or
<br /> '?�-'p�'�; repak Is not economlcaMy teasfble or Lender's securHy would be lossened,the insu�nce proceeda shall be appNed to the sums
<br /> _ ' �"'�' secured by this 8aauiry InsUument, whether or not then due, with any excess psid to Bortower, if Borrower ebendons the =
<br /> v � � Pr , or does not answer wRhin 30 days a notice from Lender that the insurence carrier has ottered to settte a claim, then
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<br /> ���r•�t:-' Lender mey coNect ihe Insurenee proceeds. Lender may use tho proceeds to repak or r�ostore the Property or to pay sums _
<br /> - � secured by this Securfty InsUument,whether or not then due. The 30-day perfod wiil begin when the noUce Is gNOn. _
<br /> �� � Unless Lender end Barrower othe�wise agree In writing, any appNcation of proceeds to pdndpid sheA not extend or
<br /> ' � " postpone the due d�te of the monthy payme�ts referred to In peregrepha 1 and 2 or chnnge the amuunt ot the paymente. it _
<br /> under partgraph 21 the Property ts acquired by Lender. Bor►owers dght to any insurance polides and proceeds resutU�g from ;
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<br /> -^'�iA� damege to the Prope�ty p�lor to the acquisitlon shaA pass to Lender to the extent of tho sums by thls Security Instrument =
<br /> -�� ,,M� .. Immedintey prior to the ecquiswon.
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