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<br /> '-�•�,,;;�; ' • TOR�THER WITH atl the Improvemente now or herNiter erected on the property, and �N easemente, �ppuAen�ncea. �nd
<br /> _��;,r', Bxturas now or here�her� pert o1 the prope►ty.liil ropl�ceMents �nd edditione shell elso be covored by thla Securriy InstNment.
<br />`ti?'.�'� All 01 the Inrepolnq la reterrsd to M thls Securiry Ineln�ment ae tha 'PropMy.'
<br />:-"'' � 80RROWER COVENANT9 th�t Bortower la IavAully aeised o1 the estate hereby conveyad and hes the iight to grnnt and _
<br /> convey the Property �nd th�t Iho Property Is unenwrnberesd, except for encumbr�nces oi record. Borrower warranis and wIA
<br /> � •� ' detend grnenlly ihe title!o the PropeRy ay�lnst aN clalrns and dem�nds,subJect to rny ��ncumbrances o1 record. �•�
<br /> THIS SECURITY lNSTRUMENT combines unllarm covenants for netlonel uae nnd non•unitortn covenonts wilh Iimlted _
<br /> ` �� varlatlons by�uriediclbn to conatltute a unilortn necurily Instrument covalnp re�l property. �
<br /> � UN�FORN! COVENANTS. Borrower end 4ender covm�nt md�gree�a IoNowa:
<br />- • '` 1. P�ym�nt ot Prinelpal and int�r�st; Pnpaymsnt �nd L�� Ch�ryr�.Bortower shnll promptN pay whenV
<br /> �� due the principal o! and Interest on the debt evldenced by the Nots�nd�ny p�epayment�nd I�te ch�rges due under the Note.
<br /> 2. Fu11d�tor T�ue�a and Insur�nc�. Subjecl to�pplicable law or to a written waNer by Lender, Bartower shaN pay �
<br /> ��� ta Lender on the day monthy payments are due under Ihe Note, untll the Note �s paid in fua, a sum ("Fuads`) for. (o) ye�riy �
<br />-�-��� texea and eeseaaments which may attain prbrfty ove►ihls Seeurfty Inatrumeet ae a Ilen on the Properly: (b) yearly leesehold
<br /> payments or ground rente on the Property. If eny; (a)yearty hsrard or property inaurance premlums; (d) yearty Ilood Insursnce
<br /> - - prertJums,il nny:(e)yeaiiy mortgttge Insunnce premiurns,li any: and (�sny suma payable by BoROwer to Lender in accordance
<br /> ' �� with the provisions o1 paragnph 9, In Ileu of the psyment ol mortgage Insurance premlums. These items are called 'Eacrow
<br /> Items.' Lender may, at any time, coliect end hold Funds In an amount not to exceed the meximum amount a lender for e
<br /> . .� }edereAy releted moAgage laan may requke tor Bortower's escrow account under the tedernl Real Estate Settlement Procedures
<br /> ' � Act ol 1974 es amended hom time to tima, 12 U.S.C.�26�1 et seq. ('RESPA'), unlesa nnothcr law thnt epplies to the Funds
<br /> - � `'3:'� sets e lesser amounl. II so, Lender mny, at nny time,collact and hold Funds in an amount not to exceed the losser amou�t.
<br />' s.'•S�'•��� Lender may esthxte the emount of Funda due on ihe b�sis of curtent dat�and reasoneble esilmates of expendituras o1 luturo
<br /> �;.',. Escrow Items or othe�wise In accordance with appNceble Isw.
<br /> Tho Funds sheN be held In an Institutlon whose deposits are insured by a federal agency,InstrumentaNty, or entity(inciuding
<br /> • �}~±` ` Lender, it Lender Is such an Instttutbn) or in eny Federd Home Loan Bank. 4ender shnll appty the Funds to pay the Escrow -
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<br /> . } Items. Lender mty not aharge BaRnwer for holding and+�pplyk�g the Funds, annuaNy analyr�ing the escrow account.or verifying
<br /> -;��;���, the Eacrow Items, unlesa Lender pays Bortower Interest oa the Funds and epplicable law permits Lender ta make such a
<br /> '�_«�.;r�` chergr. Ho•ever. Le det may 'oqrire Borrower to puy a one-time oherge for an independent rcal estate Uuc repoNng servics --
<br />-�;::�;;� used by Lcnder in cunnectfon �vit�. this Ic �. uMess eppAcable Inw provldes otherwise. Uniesa an agreement is made or
<br /> =:�,�+�;�;' � appYcabfe law requires Interest to he paid, Lende►sheG not be required to pay 8orrower any Mterest or eaminga on the Funds.
<br />_._,�,�4�'�. Borrower end Lender may agree in wdtlng, however. Ihat Interest shell be pald on the Funds. Lender shaN glve to 8ortower,
<br /> �-� wfthoui chargo,an annu�l nccounting ot the Funds. showing credHs and debits to the Funds and the purpose for which each
<br />-r;.;�"'�` � debft to the Funds wes made. The Funds are pledged es additional securiry tor all sums secured by the Security InaWment.
<br /> =•z�'�_� II the Funds held by Lender exceed the amowts perrnitted to be held by appllcable Iaw, Lender shall account to Borrower
<br /> T=�,�;.., tor the exceas Funds in accordance with the reqUUemmts of appilqble law. I}the emount of the Funds hdd by Lender at any
<br /> a-l�`�f";�-, time Is not sufflclent to pay the Escrow Items whm due. Lender may eo notity Bortower in wrflMg,and, in such case Borrower
<br /> .-=;,,•�...•�;,�:
<br />- M , �'�;;- sheN pay to lender the nmount necessery to make up ihe deflciency. Bortowet shall make up the deflciency in no more t en
<br /> --'":��,���•� tweNe monthly payments,at Lender's sole discretion.
<br /> 1;;.,�.,,.�,,
<br /> �, tj'; Upon payment in tuq ot all sums secured by this SeeurBy Instrument, Lender shall promptly refund to Borrower any Funds
<br />-'•:,.iy;�
<br />."��:�r;f,;,�}� held by Lender. if,under peragraph 21,Lender shnll �cqulre or sell the Property, Lender, prior to the aequisftion or sale ot the
<br /> •">. 4 x ��,�. ��;u���,��y�pun�4 ��I� �y�wnrlw N11F1A NRL�I O� accwlsiUon or saie as a credft aqainst the sums secured by thia
<br /> ;;:'jKYy��� Secudty Inatrument.
<br /> ''`'"'`"�F'��`� 3. AppUeatlon of Paymsnts. Uniess appYcable law provldes otherwlae, all payments recelved by Lender under
<br /> ��,_a�i'�
<br /> --=+;� paragrapha 1 end 2 shaN be epplied: first, to any pnpiy+nent charges due unde►the Note;second,to amounts payabie un¢tar
<br />_„� - = pangrnph 2; third, to interest due;fourth,to principal due; and last,to any late charges due under the Note.
<br /> 4. Charg�s; U�ns. Bortower shaA pay all texes, assessments, charges, tines and Imposftions attributable to the
<br /> Property whlch may ettaln priorfty over this Security I�swment, end leasehold paymmts er ground rents, R any. Borrower shall
<br /> � — pay these oblig�tfons In the manner provided in pdragrnph 2, or it not psid in thnt manner, Bonower shall pay them on time
<br /> � direety to the person owed payment. BoROwer shall prompiy tumish to Lender all notiees ot amounts to be pald under thls
<br /> paragraph. If Borrower makes these paymmts dkeUy. Borrower shall promptly fumish to Lender recelpts evidenGng the
<br /> =°"""'"'� paymertts.
<br /> — Bortower eheW pramptry discharge eny Ilen which has prfority over thls Security Inatrument untess Borrower. (a) egrees In
<br /> w�iUng to the payment of the obligatlon secured by the lien In a manner accepteble to Lendcr. (b) contests in good f�kh the
<br /> Ilen by, or defends against enforcement of the Ilen in,legal proceedinps whlch In the Lender's opinlon operate to prevent the
<br /> eniorcement ot tha Yen;or(c) secures irom the holder of the Uen an agreement satisfactory to Lender subordinatinp the Ilen to
<br /> this Secudty Instrument,Ii Lender detertnk�es that ony part ot tha Property Is subJect to a Ilen whlch may atteln p�lorUy over thls
<br /> Security Inatniment,Lender may give Borrower a noUce IrlentHying the Ilen,9ortower shall setisty the Ilen or teke one or more of
<br /> - the actians set forth above wfthin 10 days of the gNing of notice.
<br /> 5. H�zard or Propaty Insuraece.6orrowe�shall keep the Improvemmta nuw erlsting or hereafter erected on the
<br /> Property Insured agstnst loaa by ftre, hezards included wfthln the tertn 'extended covernge' and any other hazards, Induding
<br /> floads or 1Wod'ng,tor whleh Lender requlres Insurance. This insurance shall be maintelned in the emount�end tor the periods
<br /> _—= that lender requlrea. The hisurance cartier provlding iha Insurance shall be choscn by Bortower subJect to Lender's approvai
<br /> which stuM not be unreasonabiy wRhheld. If Borrower falls to malntaln coverage descrtbed above. Lender may, at Lmder s
<br /> optlon, obteln coverage to proteat Lendx's rights h the Property In accordance with parngraph 7.
<br /> All inau►ance polic!es end renewals shall be acceptable to Lender and shall Include a standard mortgage clause. lender
<br /> sheN have the dght to hold the policies and renewalr. 11 Lender requlres,Bortower shall prompty give to lender all receipts of
<br /> -• -• _= pald premlums nnd renewnl notices. In the eveM of bss, Bortower shall glve prompt notice to the Insurance cartier and lender.
<br /> — _ Lender mey make proof of loss H not made promply by Bortower.
<br /> ___- Unless Lmder and Botrower qthervvise egree in writing, inaurence proceeds sheil be applled to restorntlon or repek of the
<br /> =�,�,� Property damaged,B the restoretion or repak l.y eeonomlcaly feasible end Lender's security Is not lessened. Ii the restoration or
<br /> _-_° repak is not economlealiy teasible or Lender's security would be lessened,the Insurance proceeds shall be eppiled to the sums
<br /> -;'��'�'M�� secured by thls Security Instiument, whether or not ihe� due, with any excesa paid to Borrower. If Borrower abandons the
<br />:�:s'�.,'��"":.: Piropetty,or does not answer within 30 days a noticehom Lender that the insurance carrier has of(ered to settle a cialm, then
<br /> " ' Lende► mey coAect the insurence proceeds. Lender may use the proceeds to repalr or restore the Property or to pey sums -
<br /> ";�++'i:��., � secured by this Security Instrument,whether or not then due. 7rie 30•da��period wili begin when the noUce Is given.
<br /> - Unless Lender and Borrower othervvise egree In writing, any applicatlon oi proceeds to prineipai shali not extend or -
<br /> ' ' poslpone the due date of the monthty paymente reterted to (n paragraphs 1 and 2 or change the amount ot the payments. If
<br /> ' ' under pnregreph 21 the Property Is aequired by Lender, Borrower's dght to any insurance policies and proceads resulting trom
<br /> .� ��,�:�' ` damnge to the PropeAy prlor to the acqulsition shel pass to Lender to tho extent of the aums by thls Secudty Inst�ument
<br />-.�.'�"" . immed{atey pdor to the acqulaftion.
<br /> ' �� � 6. Occupency,. Praservatlon, Maintan�nce and Protection af the Property; Borrowe►'s Loan
<br /> � --�-� - - . ..
<br /> -" -.` ;.��� - ApP�ICi[IOOj �vaasnu�aa. CoROwer snen oc�.tpy.�sinvrtai�. a�io i�5o ii�b��vNa7r a5 uv�7v'iici 5 Niri�Gqsni .cbiu��w:.':�.` .
<br /> � � � ;. slxly days after the executlon o1 thls Securty InstNment and shall contlnue to occupy the Property as Bortower's princlpal
<br /> • ' resl�ence tor et least one year after the date ot occupancy, unless Lender otherwlse agroes In writing. whlch consent shsll not
<br /> � be unreasonaby wlthheld, or unless extenuating dreumst�nces exlst whlch are beyand Bortower's control. Borrower shell not _
<br /> � destroy,damege or Impalr the Property,allow the Property to deterforate,or commit waste on the Property. Bortower sholl be In _
<br /> delault II eny tort�lture actlon or proceeding, whether dvil or criminal.Is begun that In Lender's good falth Judgment could result
<br /> • in forteituro of the Property or otherwlse materfally Impah tha lien created by thls 3ecurity Instrument or Lender's security Interest.
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