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<br /> 70QEi'ti6t Wi'�H a�the 6►�ProvesnenU now or h�frer ere�ded an the pmpert5►. - _
<br /> ..t t�� fudures Row ar hereafter a part ot ffis ProP�Y.M reptacemeMs end addtHans�haq atso be covered Dll WS SecurilY Ins1rumeM.
<br /> : ° , `:`, � All ot the 4oregoktg is retemad to tn this Sec�ijl trtstrument as the•Property` ,
<br /> BORROWER COVENANTS tGs1 Botrawer is taw�IfY se�d°f the estete hereby coAVeyed and Aas tAs right to grant and :
<br /> ,�. . �`; camrey the Propeery and that the Properry is unencumbered. except tor ertcumbrances oi recoM. Borraw�r wsrtan t s an d w� _`'t�s
<br /> :.r' ". �° � defend genQtaUy the t�le to the Prop�ty against aU elefms end demands.subjact to any encumbrances of recoN. .
<br /> THIS SECURfTY lN97RUMEM combines unHorm cavenants tor natfoeal use mnd no►wndarm covenants witf+ fimited
<br /> � � �;� vadaUona by jurisdidiaa W canstitute a unifortn secwity insbumeit cover(ng reat V�A�Y• ,
<br /> . , UNIFQRM COVENAMS. Bortower and l.ender covenant and ag�ee as tol�wvs: � ,�'
<br /> `� wv : . .
<br /> 1.PaymeM�of PrtnWpai e�nd It�teres�P�epaymer�!and Late Clrargea 8ocrawer shall prompUy pay when `,�` :�
<br /> . ., ..
<br /> - due the prindpsl ot and interest on the d�t evfdenced by the Note and enY P►�PaYm�$^d lafe ehazges due under tRe Note. .h_: ,.
<br />,_�"� ,.. .: _,r� 2. �unds tor Taxes and I�surance.Subject to aDPIIcabte Iaw er to a wn'tten wai+re►by Leuier.Borrower sAall pay
<br /> � � to Len der on t he d a y m o n t h t y P a Y m e�t s s r e d u a u n d a't h e t Y o t e,u M�t h e(�i o t e is paid tn(a6.a s�nn('Funds`)for. (a)yearhl
<br /> � .�. .� ,; � taxes and assessments whfch may atfatn pdoriry nver this Sec�u(ry InsGument as a Gen on the FmA�Y. N? Ye�ll kasehotd •
<br /> : ,,;1---"'�+ payrttents or ground re.nts an ffie Ptoperiy.if eny: (o)YearlY h az ar d a P�P�Y����p� �� Y�$oad insuranee �ti`
<br />- _ -'-��� p�emtums.fi eny:{e)yeatly►maRgage a�.surar�ce pteu:�uns.ff enY•end l4�!►sums P��g by Borrower to Lender in accordance .
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<br /> •�`.�. .. , witA the pmrrLsio� ot para�aph 8.in Ueu oi tne payment ot moRgage insurance preMums. These items are ca�ed 'Escmw `�;' -,
<br /> ,- • �4 �tems.• �ender tnay, et any time,coUeet and hold Funds in an amou�ri not to exeeed the maximum amount a l�td�ter e z;�
<br /> 'P . ;`'� federaRy�ited mortgage foat�may requhe for Borrower's escrow account und�the ted�e!Real Estete Settt�nent Proce�res ,.
<br /> Acl ot 19T4 as amended from tirtte to tlmet 12 US.G.�2601 et seq. (•RE.SPA'). untess another law thst appfies to the Funds �,,:
<br /> . . `. `y' ..
<br /> . . sets a tess�amouni. if so.Lender may.� amt time.co9eet and hotd Funds in en amouM not to exceed the tesser amo�mt ;� -a::.
<br /> • , � " lender may estfmate the amow�4 oi Funds due on the 6asts of current data end reasonabte estimates of�ec►d�trues of tuQire
<br /> . • .�y: EsCrow Itans ar othemise in aceordartce with appiirable taw. ,..
<br /> ` �'��2 Ths Funds shaD be hdd in an tnst�utlon wAose deposiis are insured by a tedaal agen�7f.instrumeetaGty►.or�tiry�(tnchidmg
<br /> " Lender. N Lender is such an(nst�Non)or in anyr Federal Hame Laan Bank Lender sha11 epPN the Wnds to pay the Eseraw .
<br /> V. ` �._�� Items.I.eid�cnay not charge Bormw�for holdin9 end aPAh�9 tfie Funds.anrtttaIIy analytfig the esaow aoeount.or Y�tytng ' •:-t.
<br /> _ .� / �` � � � the Esaow Itertis. untess Lend� pays Bomnw� u�terest on tfia funds and ePPUcahte taw pertnEts l�d� to make such a `•t ;, �
<br /> � .� � ..'''T ch�ge. Hawever, tender enay require Borrawer m pay e onetlme ctiarge ior en indeAendeM reat esffite mx repoRing servlee
<br /> � - `;` used ty Lender in connectton wNh this Ioan. untess appIIca6te (aw provides othervuLse UNess en a�ec�nerrt ts made or -
<br /> ,". � appIlcahle►ayv re�ttre3 fibenest to be paid. 1-�der s[aD not be required to pay Boirower eny interest or eamtngs on the Funds. �
<br /> � ' ���;; Bartawer and Lende►may agree in writ6�g, hovie� that trterest shaD be petd on ffie Wnds. LmQer shaU give to Bartow� � ,:
<br /> ' �' S, without eharge, en annuai accounting o1 the Fmds. showing credb and debits to the Funds and the purpose tor whIch each
<br /> � as addHanal se tor aD sums sewred by tfie 3eum'ty.lnshument ��`�"�:
<br /> r.:::.�...�•o•;:_�� debti to the Fun�was maode. 7ite Funds e�re p.� wrily►
<br /> • �. It t!re Funds hetd tiy t.enQer exceed the��permitted to be heid by�PGpbte law. Lertda shafl accouM to Borrov�er
<br /> ` �, ti , i`�, tor the exeess Funds(n accatdance wtth the re.�iiz3nenis of eppGeabte(aw.It the amourrt oi the Funds hetd by I.�de►at any
<br />-- . . '�,�•''�:• Ume ts not sufftcient to pay the Esaaw ttems�-has_dua lender may so notity Borrower tn wfiUng,and. in such case Bonower
<br /> �� sNafl pay m Lender the amount necessary to matce up the deftdency. Bortower sha0 make up the defidency in no more than _
<br /> �%' twetve marrthty pay+nents.at Lendel's sote d�c�tton.
<br /> - ��,�� Upon payment(n fu0 ot a0 sums secured by tAts 8eau(ty Instrument. Lende►shafl pmmpUy►efund to Bomawer any Funds ` .<
<br />-__ � t hetd by LenQer. H,under paraqraph 21,Lender si�t acquJre o�sell tAe Prop�ty.Lend�,pdor to the acquisitlon or sale of the
<br /> �-'= PropeRy.shaU appry any Funds hdd by Lender�Uxe Ume o}acquLsitlon or sale es e creSd agab�sl the sums sea:red by this •
<br /> �` Sewr�y tnsUumen� ' �
<br /> :.'�': 3. AppliqtiOtt Of Peyiitet9te. Untess eDnAcabte law provtdes oth�wise. aU payrttec�ts received by Lend� under _a.
<br /> - ' �� � para�itis 1 and 2 shad he appUed: ftrst.to erry P�P�m��5�due under the Not�s�ond to amouMs payabte unde • _
<br /> � paracgaph 2:thW,to interest due:fourth,to prfic�J du�and tast.to erty tate charges due under tfie Nota
<br /> � 4. ChattgBS; �detoll. Bortower shari {�• �R taxes, assessmarts, chac�r�. tines and imyosiHons attr�utable to the ��`_
<br /> ' ProPert}i whicb maY�tn Pdority over this Sea�y C�strument,and teasehold 46.�/1��or ground rents. if er� Batrower st►aU ,. .r`•,
<br /> , pay these obQgatlosss.n tlte manner Drovided r 4��apfi 2. or if not paid in .�1 mann� Bortcwer sT.�-.'E�Say them on time
<br /> � � ',� �IIreeBy to the person av�ed payma� 8omawer s:iall prompttyr tumish to Lender all notices ot amourrts te be paid under this _
<br /> �-====�= tie�agraDA. 8 Sascai:t� t�sfc� !��'PaYments �►ecHy!. Bermwer shalt promptly fumish La tendet r¢cdpLa eutd�d►tg tha �_- --
<br /> :' ' � .� p�ents. -
<br /> _• �� Borrowei shaD pr.a;nptly discharge eny tien which has pdortly over thts Sewdry InsWmer�t untess Borrower. (a)agrees•in , _ _
<br /> , ' .•�' ,�� wrfBng to the paymeM ot tAe obligation secured byr the Oen fn a manner acceptable to lender. (b)cortesis in good fakh the
<br /> ' � � qen by.or Qetends agalnst e�orcement of the fi�n in, fegal procee�tgs whkA in the LendeYs opinlon operate to prevent tha _
<br /> • ••��.= entorcemertt of the Ilen:or (c)secures from the hcTder of the Uen an a�eement satisfactory to Lender subor�nating the qen to -
<br /> �•�'��s'` thls Sc�s,uity InsWment If Le,nder determtne5 that arry part ot tha Prop¢rty is subject to a tlen whtcf►may ettain pdoriry over thts �
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<br />-"' � -• �t'�� : Secu��Cnstrument,Lender may give Borrower e noUca identi(ytng the Ilen.Borrower shall saUst�l the tlen or teice one ot rtiore of
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<br /> - - . the adtons set toRb above v�fti htn t0 days ot the qtrin�o}noUc� __
<br /> ' " 5. HaZBfd o� PropeTty It19U�SrtC0.L�cr.^.a+►er shm7 Ic$ep the imptae�nents now e�dsting or he�fii�c erected on the — _
<br />_ ,, �;;..,'., •�� , • � Property tnsured agaU►st Eoss by ftre. hamrds irt�.ut�0 Hfdhtn the tecm '�6a-,dr� coverage° end any othee Rreiarda.(nctudfng �-.,,
<br /> ftoods or itooding,for which lertder n�uires iRsurance. Thls tnsurance sha?�o�trrtained tn the amourrts and tor ffie peHods �y _.
<br /> ' .'.�' that Lende►requires. The Insurance c�rier provJ�ng the tnsurance shaD be d�r_^,En by Borrov,�es.subJecl to L�der's approval ot�:�-
<br /> wBtcA shall not be unreasonaby n%:!ihelQ If Boaawer fals to malntain ccti�erage desatCer��ibove. Lendar may, et lendefa s""`�
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<br /> - . . o p U o n.o b t e l n c o v e r a g e t o p ro t e c t L e n d e r's d g h t s fi t h e P r o p e ri y i n a c c o r d a n c a m}f a p a r a g r a ph 7. �;.._�
<br /> •- �� M insurance pollctes and renewals shall be aeceptabie to Lender and WFse¢€ndude a stanQard moRgage dause. L,ender
<br /> ' •. shall have the dght to hotd the poUcles enA renewaJs. N Lender requires, Bona��er shaU prompriy glve to Lender afl recelpta o1
<br /> = • � In tho event of foss. Boaawer shall e�.pt noUce to the insurance carder and Lender. �''
<br /> paid premtums and renewat noUces. 9�
<br /> � Lende►may make proof of loss H ooi made prompIIy by BorrowQ
<br /> • • ' tlM.ess Lender and Borrower othenv(se agree in wrtting,inaur�scs praceeds sha0 be appQed to restoraUon or repaU af.�Re -.
<br />_ • � � propatj damaged,H tha restoraUon or repair is economiceUy fe�:,L•GS and LendePa securUy Is not lassened.H the restoradon or � -
<br /> •� � , repait is not economlcaDy teasi�te or Lender'e eecurtty wauld be tessened,the i.+:surance proceeds aha0 6e egDOed to the sums ��� '
<br /> .,,,;; � secured by thls Secudty Instrumen�. whether or nc+�ihen due, wfth eny ex:co�s�aid to Borrower. If Bo�er abandons the _
<br /> • ,;,,;,t:,;:. , PropeRy.oT does not answer withtn 30 days a r.aEce trom Lender that tho i��u�-'nce�r has oftered to settle a etaim,then
<br /> ' '•:°��i Lender may co4ecl the insurance proceeds. Lender may use the proceeds.a repalr or restore the Property or to pay sums .
<br /> . . secured by this Security Instrument.v+heiher or not then due. TRs 30�day period wm begin when the noUce is glven.
<br /> n Untess Lender and Boaower othervrise a�ee in wdUng, any appQca9cn of proeeeds to prineipal shaD no2 e�Rend or
<br /> -- � - postpone the due�te ot the monthry paymerrta reterted to in paragraphs 1 �d 2 or chenge the amount ot the paymer►ts. 8 ��•;
<br /> � ' � under para�apb 21 the PropeAy is acquUed by Lender. Borrower's dght to sny Insutance po�ctes end proceeds resuttfig irom .
<br />— ,• damage to the Properly pdor to the ac�3siUon sha0 pass to Lender to the extent of the aums by this SewAty tnstrument
<br /> - . � � immedietety prtor to the acquisition.
<br /> � � 6. Cccupanay, P�eservation, Maintenance and Pratection of the Pro�erty; 8orrawer's Loan
<br /> _ __ ' - � Ap�lliCStiotf; L88S9hOld9. Borrower shaD oceupy,estebilsh, anA use the Property as BoROweFs princfpal residence within
<br /> . � � sixty days after the execuUon o1 this Seeuriry tnsWment and shall contlnue to occupy the PropeAy es Bortower's pdncdpal
<br /> - restdence tor at least one year after the date ot oecuDaney.untess lender otAenvlse eyees in writtng, which consent shafl not
<br /> - ` be unreasonabty withfield, or untess extenuaUng ctrwmstances exist which are heyond Borrower's eontrol. Borrower shall not -
<br />_-= •• destroy,damage o►impaU the Property,eUow the PropeAy to deteriorate, or commit waste on!he Property.Borta�Ner ohail be in '
<br /> � . delauft N any torfe[ture ection or proceeding, whether civil or cdrNnal.Is begun that ln Lendefs geod taith jud�nent coutd resutt
<br />� . � . . tn foAelRUe of the Ptoperty or atherwise maieriatty trnpalr the Qen�xeated by thi�Se�dty Instrument or Lender's securtry interesL ..
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