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<br /> "'�`��;�'"`�'� • TOO�TIIER WITH ell the Improvemo�tn now or hereaRer erantnd on ther propeAy, nnd nll �nnomnnto, eppurtenanceo, nnd
<br /> - _�{+'�' II�IUre� now or herraRer�part of the prAperty.A �epl�cemonte end eddlllona shnll also bo oovRred by tBle Security Inatrumont.
<br /> ' .C3�,`.11� NI ot Ihe torepolnq Is referred to In thls Secudty Nstrument�s thn 'Property,"
<br />�V''+i�r�:�Y,:�� BORHOWER COVENANT3 that Bonawer ia 4w1uYy sdzed of the estate haroby convoyed and has tho dpht to grnnt and
<br />�-'' convey the Nroperty end th�t the Property la unencumbaed, except tar encumbrencae o1 rocord. Borrownr wnrrr�ntn and wlil
<br /> .•,,t delend generelly the title to the Piape�ry agelnat el clplmo end demande, eubJect to any oncumbranoes o1 record.
<br /> . . ": pr, THIS SEGURITY IN9TRUMENT combiners unllomi cavt�nsnla lur nfltlanal use nnd non•unllorm covenanta wfth Ilmitnd
<br /> • �i varlatlona by Jurlsdir.tlon to constitute e unitorm s�curlty Inatrwnent covering roal properly. (�
<br /> . �. UNIFdRM CAYENANTB. 9onower and Lender covenant and agree es(allows� y
<br /> � 1, Paym�nt of Prinoipal and Int�r�rt; pr�qaymont md L.�t� Cha�g�s. Barrower nhall prompiry pay when �
<br /> . ' due the prinalpal 01 end Inteeest on tho debt evld�ncod by thA Note and any prepayment end lato eherpos due under tho Not.,.
<br /> �' 2. Funda fur T�xsw �nd Ineu��I1C��Sub�oot to applicable law or to a wrltlen walver by Lender, Borrower shell pay �
<br /> "_,,� to Londpr on tho dny manthty paymenis are due under the Noto, untll the Nn'e is pald In full. n cum ('Funds') for: (o) yoarly
<br /> ,.,,;;;�v_;�r� texoa nnd assoasmonts whleh mny anem pnonry over this 8ecurity Inatrumenl as e lien on Iho Propuily. (b) ye!arly leesetiuld
<br /> °'•:''"' ' pcymente or pround renta on tho Property.II any, (o)ycedy haxard or property Insurenco premiums: (d) yearly flaod Insurunce
<br /> pramluma, fl any: (e) yoerty mortgage Insurnnco premlumfi,tl any;and (Q any suma payable by Horrower to Lender In accordence
<br />_'� wNh the provlslona o1 parrgreph B, In Ilou o1 the peymont o1 martgege Inaurance premluma. These Itema aro called 'Escrow�
<br />- ' Items.' Lender mey, et eny tlme, coYoet und hold Funds In en nmount not to exceed the mnximum amount a lender 1ar e
<br /> • federaly rel�ted mortgage loen may raqui�a tor Borrower's escrow account under the federel Raal Estete Sottlement Procedures
<br /> Act o11874 as emendod lrom time to llmo. 12 U.9.C.@ 2801 el seq. ('RESPA'), uniese another law that applies to the Funds
<br /> sats a loaaer amount. II 30, Londor may, at nn�ttmo, cotloct and hold Funds In an umount not to exceed the lessor emounf.
<br /> �.;;''�,,,,; ,,,:..� Lender may estimate the emount o} Funds due aa tho beals o1 nurrent deta and reasonable estfmates of expendftures of iuture
<br /> �• �� ti . Eacrow Itema or otherwlse In aaaordence with eppNcable law.
<br /> ' The Funds shall be held in en Institution whoee doposits are ineurad by a(ederel agency,Instrumenteilty, or entity(indud(np
<br />_ � � �1 Lenda. H lender Is sunh an Inatttutlon) or In enr Federal Home Loan Bank. Lender ahall epply the Funds to pey the Escrow
<br /> y,i„�.�-,,•�. Ilems.Lender may not charga Borrawer tor holdng and epplying tha Funda. annually enalyz�ng tho escrow account. or verNying
<br /> .'3,��;.: •„ Iha Escrow Items, unless Lender pays Bortower interest on the Funds and spplicable law permlis Lender to make such e
<br /> "�",i_��.,�; charge. However, Lender may require BoROwer to pay a ane�time charge tor an Independent real estate tax reporting service
<br /> • ,, . �: used by Lendor in cortnoctlon vdth ihis losn, rnt�ss uppllcnbie law provides ntherwlse. Unless an agreement Is made or -
<br /> ' '�" applicablo law requires interest to be pald, Lendm shatf not be required to pay 8ortower any Interest or eamings on the Funds.
<br /> ± �"'�%'°�' �� BoROwer and Lender ma agree in w�ting, h�werer,that interest ahall he ald on the Funds. Lender ehail glve to Borrower,
<br /> � �'� "" without charge, an annual aecountinq ot the Funds, showing credits end deblts to the Funds and the purpose tor whlch each
<br /> debit tu the Funds was mede. The Funds are pl�dged as addittonal socurily for all sums secured by the 3ecurity Instrument.
<br /> ��'S�v` Itthe Funds h�ld by Lender exceed the arnounte permitted to 6o held by appiicable law, Lender shall account to Bortower
<br /> � '�" for the excess F�:.:� In accordence with the requlrementa of npplicable law. I}lhe amount of the Funds held by Lender at any
<br />_:..;;'�:' tYne Is nat suftiaent ta pay the Escrow Items w6en•due, Lender mey so notiy BoROwer In writlng,end, In such case BoROwer
<br />._�_,; ��s, ahaU pay to Lender!he amount necesaery to rn�ke up the deiiciency. Borrower shall make up the deficlency In no more than
<br /> ;:.:�,`•.•• hvefve monthly payments,at Lender's sola dlsc�eYon.
<br />`*"�°� '�''.,� Upon payment In full of nll sums secured 6y this Securiry Instrument. Lendct sheil promptly retund to Bonower any funds
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<br />==f��=._.: held by Lendec If, under paragreph 21, Lenderohsll acqulre or sell the Properly. Lender, pdor to the acqulsition or sale of the
<br /> 'y'�,� Pro shsll e en Funds held b lender�t the time of ac uisition or sale as a credit a ainst the sums secured b this
<br /> -_";.�..�,. P�Y. PP�Y Y Y Q 9 Y
<br /> �'�;�?`�.,.�E 3ecudty �nstrument.
<br /> '- 3. Ap�011catlon of Paymante. Unless applicable law provldes otherwise. ell payments receNed by Lender under
<br /> -�'``��;'��� paragraphs 1 end 2 shall be applied: first.to a�y prepayment chargos due under the Note; second,to amounts payable under
<br /> �-^�=_'":� paragraph 2: thlyd,to interest due;fourih, to prindpal duo:and last,to any late charges due under the Note.
<br /> =.,y��ti� 4. Chat'ges; Llens. Borrower shetl pay au taxes, essessments, charges. iines and Impositions attdbutnble to the
<br /> o�� Property which may attaln pdority ov�r this SecuAy Inst►ument,and leasehold payments or ground rents,ii any. Bor►ower shall
<br /> _,�,;�;�, pey these obligations In the manner provlded in paragreph 2, or If not pald In ihat manner, Borrower shall pay them an time
<br /> �-�-— dkecty to the pe►son owed payment. Bortowerahap promptty tumish to Lender all noticea ot amounte to be peld under thls
<br /> — •���0�,_,. peraqraph, If Borrower mekes these paymmts directy, Borrower shall prompdy fumish to Lender receipts evidencing the
<br /> '�`:�, peymants.
<br /> _--..;,°�� 8orrower shail promptly discharge any We�rrhich has prtority over thls Securiry Instrument unless Borrower. (a) agrees in
<br /> ----- wdting to the payment ot the obllgatlon secured hy the Ilen In a manner acceptable to Lender, (b) contests In good taith the
<br /> --..,a�. Ilen by, or detends against e�itorcement of tha fen In, logal procoedings whlch in the Lender's opinlon operate to prevent the
<br /> — mtorcement oi the Ilen: or(o) secures hom the holder of the Ilen an agreement satisfaetory to Lender subordinating the Ilen to
<br /> , this 3ecudty Instrument. If Lender detertnines thel any part of the Property is subJect to e Ilen whlch may attaln ptioAty over thls
<br /> Securiry Instrument, Lender may give Borrower e notice identitying the Ilen. Bortower shall satisty the ilen or take one or moro of
<br /> __- the actiona set forth above within 10 days of the givfng oi notice.
<br />_. 5. H�zard or Property I�aurance�Bortower shall keep tho improvements now exist(ng or hereafter erected on the
<br /> --_� . Property insured agatnst loss by fire,hazards Mdu ded within the tertn 'extended eoverage' and any other hazards, including
<br /> � Aooda or Ilooding,for which Lender requirea Insuence. Thls insurance shall be malntalned In the amounts and for the periods
<br /> that Lender roqulres. The Insurence caMer prrniding the Insurance shall be chosen by Borrower subJect to Lender's epproval
<br /> -- -_= which ahall not be unreasonebry withhetd. If Borrower lalis to malntain coverage descdbed above, Lender may, at Lender's
<br /> option,obtein coverage to protect Lender's righte in the Properry in accordance wkh parugreph 7.
<br /> A9 inaurance policlea and renewals shall be acceptabte to Lender and ahall Include a stendard mortgege clause. Lender
<br /> "� shall heve the �ight to hoid the policies and rennvals, !f Lender requlres, Bortower shall promptly glve to Lender all recelpts of
<br /> — _- -- paid premlums and rene�val notices. In the evenl of bss.Bortower shall give prompt notice to the Insurance carrier and Lender.
<br /> -,,�� Lender may meke prooi ot loss If not made promplly by BoROwer.
<br /> - Unlesa Lender end Borrower otherwise agne in writing, Insurance proceeds shall be applied to restoratlon or repak oi the
<br /> -�� Properly damaged, it the restoration or repalr is economtceliy teasible nnd Lender's security Is not lessened. I(the restoration w
<br /> -°' repair Is not economlcally feaslble or Lender's aecuriry would be lessened,the Insurence proceeds shell ba applied to the sums
<br /> •;4;��s�i,+.
<br /> °,_`,��� secured by thls Securtty Instrument, whether or not ihen due, with any excess pald to Bortower. Ii Borrower abnndons tho
<br /> _ Y.:�� Property, or does not enawer wRhln 30 days a notice from Lender that the inaurance carrier has oBered to settle a clalm,then
<br /> _- . Lender may coliect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> •- ��"�^' seeured by this Secudty Instrument,whether or not then due. 7he 30•day perlod wlll begin when the notice Is given.
<br /> ' •�;;,::,;� Unless Lender end Bortower otherwise aqee N wrRing, any application of proceeds to principal shall not extend or
<br /> ' " '� postpone �he due dete of the monthy paymenis roterred to In paragraphs 1 and 2 or change the emount of the payments. If
<br /> . under paragraph 21 the Property Is acqulred by lerider. 8ortowyr's right to any Insurance poilcles and proceeds resulting from
<br /> ..: damage to the Property prior to the acqulsitfon s had pass to Lender to the extent oi the suma by this Securily Instrument
<br /> �;;^ Immediately prtar to the acqulsitfon.
<br /> ._:G� 8. Occupancy, Preservation, Matntenar�ce anaE Protectfon of the Property; Borrower'e Loan
<br /> `'� Applieatl0lf; LeasehOlde. Bortower shall accupy, esteblish, and use the Properry as Bortower's pdncipal residenee wlthin
<br /> �—"'�" e�„►., ae exe. •tie e.�.nt.. ..� �a�. c.,.,..a�..�.... �... ..a .r..0 ...:...._ ._ .._ n..___�.
<br /> - —� _r— _._� _�9 �.._ ..._ ...._�_�.. ... ...... ..,........� ............... ...... .. .. . . wj.� . ..v�.m�r do w7unci a NiiniriNdi �
<br /> _ • residence for at least one year aRer the date oloccupancy, unless Lender otherwise egreos In writing, wh(ch consent shell not
<br /> be unreasonably withheld,or unless extenuating dreumstances exist which are b�yond Borrower's control. Bor►ower shall nol
<br /> • destroy, damage or Impalr the Property, allow the Propeety to deteriorate, or commlt waste on the Property. Bortower shall be in
<br /> . � � detauR If any fodolture actlon or proceeding, whether cfvil or cdminal, Is begun that In Lender's good falih Judgment cauld result
<br /> In forteituro of the Property or otherwise materiaP�knpah the Iien created by this Security Instrument or Lender's security Interest.
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<br /> ' � F171G.LMQ 11N7) Pa9r 2 uf 5
<br /> �,. .. `- � 37�59 �
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