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<br /> 1 • � TOQ�ETHER WITN aN the Improvementa now or hareafter ereoted on the property, end ap easements, appurten8nces, and
<br /> J fbRurea now or hereafter 8 part of the proDarty.Atl reptecementa and sdEkions ahali atso be aovered by thls Seourity Instrument.(�•
<br /> AII of the fotepoinp t�reterred to In thls 8sauri�Inswment as the"PropeRy."
<br /> �ORROYlER COVENANTB thpt BorrowCr IS t3whtlfy 601zOd Of tho Ostato hOrpby o0nv0y0d and hufl thp ri�ht to gront and�
<br /> ` oonvoy the Pro�erty end that the PropEM Es unencumberod,except for encumbrences of reoord. Bonower wartnnte and win
<br /> detond Qanerely the titie to the PropeRy agat�et otl ota4ns and demands,aubJeat to an�enoumbrflnces of reoord. • ••�
<br /> TH18 SECURITY INSTRUMENT oombir�oa unVOmn oovenante for nedonal uee and nonwnitorm aovenants wUh ifmtted
<br /> varfptiono by JurtaE�tlon to oonatRuto u unilorm sc�uray Inatrument eovering reai proper4y.
<br /> � UNIFOAM COVENANTB. Borrower end Lendm covenant and apres ae fottowa: �
<br /> � 1.Peyment of Princtpal and Intoreat; Nrepeyment�nd l.ate Cherges.Borcowor shall prompty pay when ��
<br /> . due the prinoipat ot and Intoreat on tho d:bt cnld:�nccd by tha Noto and any prcpaymcnt cnd!�chcup3s duo under tho Noto.
<br /> ' . 2.FUlids for Tmcea and Inaura�nce. SubjeCt to flppllCab�B law nt to e wtilten wBNet by Lendet, Borrower Bheil p8y �
<br /> to Lender on the day monthry payments am duo under the Nota,unttt the Note is pald In tult, a sum("Funds')for. (a)yearly
<br /> - °� taxes end assossmenta whbh may atta�n ptiaRyr over this SecurRy Instrumont us a Iien on the Proporty; (b) yeary Ieasehold
<br /> - ' ' payments or ground renta on the Property, if any; (o) yeariy hamrd or praperty fnsutance premiums;(d)yearly flood insurance -
<br /> � °w premiums, ff any; (e)yearly mortgage Insuran�a prembms,(f any;snd (fj any sums payabb by Borrower to Lender in ecoordance ��:
<br /> '� wfth the provisions of paregraph 8, in Iieu ot the payment of moAgage Msurance premfuma. These items are catbd "Escrow �'-
<br /> Items' Lender may,at any t6ns, coilsct ond hoid Funds In an amount not to exceed the maxfrnum amount a lender for a �.'�
<br /> tederaly related mortgaga toan may require for Borrowera escrow account under the tedera�Rea�Esffite SOttiement Procedures —�
<br /> " Aot of 1974 as amended irom tima ta tMia,42 U.S.C.�2601 et seq. ('RESPA'), uniess enotAer la�v that ��f�
<br /> ,�`;::.j:;; ; apglies to the Funds �-;,;-
<br /> <;a.r���'��:��!,�:;�:; geta a�sser amounG if SG,tender may,a4 any tim�.col6eot and hold Funda in 8n amaunt not tO.mccead tAe iessor amount. '�"x'
<br />-�!Y",�;.r;i�t���.�;�i�.t�r,;} Lender may estimAta the amaunt of Funda�ue ot►tha basis ot auRent data and roasanabie estfmatms 04 expendlnires at tuture ��"�+
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<br /> �-�::•� Escrow Itema or otherwise U►aCCOrdanoe wR7�appllcebie law• -�"°'=
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<br /> ��,;:•, .:;`.,;,,1�, The Funds shall be hetd in an InstiWtbn whose deposit&are tnsured by a federat agenoy,inswmentalityr, or entity(inntuding ___ _.
<br /> . �' ?�' '.' � Lender,if Lender Is suoh an tnsttiutbn)or in any Federel Hame loan 8ank. Lender shali apply the Funds to pey the Esorow r
<br /> items.Lender may not oharpe 8ortower for holding and epplying !he Funds,annual►y anaryzhg the escrow acaount, or verNytng
<br /> � the Escrow Iterr�s,unleas Lender pays Borrox� Intarest on the Funds and appllcabte lew permks Lender to make suoh a --•
<br /> i. chnrye. However. Lender may requlre Borrow�r to pey a onathte oharpe for an Independent real estate tex repoRinp servicw
<br /> used by Lender In Conneotton wfth this loan, unbss epplbabie I�w provides otherwlse. Unleas an epreement is mcde or --
<br /> applieabie law requlros htareat to ba pald,Lender ehap nOt be requYed to pay BoROwer any htirost or�tminpa on tha Fundd. �
<br /> { Borrow�r and Lsedor may aprs� h wiAhO� howeva, tlut Int�reat�hau b� paid on th� Funda.L�nd�r �haN Qiw to 8orrow�r,
<br /> ;,+ wRhout oharp�, an annual aceountinp at Ih�f Funde,ehowhp cretlRd nnd dabfts to tht Funds and th�parpo�fOr whbh oaoh
<br /> �� •�, d�bk to th�Funds wu mad�. Ths Fundi aro pMdO�d u�ddkbnd saourky for all wmt�i�cund by th�S�CUrky In�trurtwnt. �"
<br /> � If tA� Funds hetd by L�ndK�xotaA Iha amount� pKmRbd to b�hNd by�pplbabl��w,l.�nd�r th�p scoount to BonowK
<br /> �; tor th�uca�s�Fund� h taoord�nct wRh tMtt nqukNn�nt� of appllr�ibN Isw. If th��mount ot th�Funde h�id by Lend�r at!ny
<br /> tlme N not OuMblent to pny the Enorow Itu�rlt when dus,L6nfNt mty e0 nOtfty BOrtOw�r N wtRlnp, �ntl, b euoh ols�8onowN
<br /> ehall p�y to lsndsr th�amount neoesa�ry ta mnke up the detbbnoy. 8ortow�r shall m�k�up ths d�fbMnoy fn no mon th�n `__
<br /> � Nr�tw monthy payrtwna,at l�nd�e soN dN�rotipn.
<br /> ' . '�' Upon p�yrteant In NII of a�t sum� e�curod by thls 81ourMy Insdument,Lender shall promptry relun�to 8ortowK nny Funds
<br /> . - r n�io by i.�ntl�r. tf,un0�r paragrapn k�,i,�nder she8 aaquire or ae6 the?ro�r,Ln.i�ir�F,riue tu t�,i�syuisqkns ot' e+b vi#te °
<br /> ;,. PropeRy, sAaA appy eny Fund9 hetd by Lender at tho tlme ot acquiskbn or sai9 as a credR agahst the eums seaured by thfs
<br /> Seourtty Inswment.
<br /> � �• �. Appitcattan ot Payments. un�ss epplSCebie law provldes otherwiss, all psymenta reCeNed by Lender under
<br /> parQprephs 1 and 2 shaii be applled: first, tn any prepayment oharpes due under the Note;seoond,to amounls payable under
<br /> •• � pareyraph 2;thi►d,to hterest duoi fouRh,ro pdnatpet tiue;and Iast,to any Iate charges due un�er the Note.
<br />`. 4. ChErgCB; UC�. Borrower ehatl pay aU ta�ces, aesessments, oharpes, fhes end Ynposkbns attr�utabb to the
<br /> Properry whbh may attein p�tority over tflls SewrFry Instrument,and Ieasehotd payments or ground rente, M any. Borrower shall
<br /> � pay those oDitgationa In the manner provkied h paragraph 2,or N not paid h that msnner, Borrower shail pay them on time
<br /> •° direety to the peraon owod paymsmG Bomower shau prompty tumish to lender eIi not�es ot amounts to be pafd undar thts
<br /> • A paragraph. if Borrower makes these paymems dlgcty, Sorrower shell prompty fumlah to Lender recetpts evidenahg the
<br /> payments.
<br /> • 8omower$OeAA promptly disOha�ge eny Ilen wh�b has prbrity over thts Seourity Instrument uniess Borrower. (a)agrees h
<br /> _� . -• writkip to the,payment of the abligatton eecured by the�en h a manner aoceptable to lender. (b)contasts h pood faith the
<br />_��.���'���,'.r.. U�i.by.or defAnds aqaln5t entoroemern of the Oen h. IBgal prooeedfnpe whtCh h the Lenders opinlon operete to pfevent the
<br /> ^'.:'!'; enforcemar►t of the Iten;or(c)seoures ham the hotdar of the llea en egreement satisfaatory fo Lender subordNathg the Iten to
<br /> ` `''' this Security InEtrument,N L,ender dgDgrmhes Mat any peR of the Property Is subject to e Iten whbh nv►y attatn pdority over thfa
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<br /> ;�"•��� Securtty InsCUrteemt,Lander mpy.qive Borcorerer a notbe IdentHying the Iien.Borrower shall setisly the lien or take ane or more of --�-
<br /> ;,�51`l _• the eotbna set loAh above wfthin 10 days ot Ure givh8 of notiCe. _
<br /> �. �„� 6. MIl�AI'ib or Property insurence. Borcower shap keep the improvemente now ewsNng or h�e8fter ereCted on the --
<br /> ..:�';:{'1;;,�..� ' Property tnsured agahst bss Dy tke, hamrda holuded wfthin the term "extended coverege'and any other he�rds, Inaludhg �t
<br /> '�'�� ' �•�=� - ftoods or floodirtg,for whieh Lender requlres hsurence. This hsurence shail be msintntnod In the amounls and(or the pe�lods =°-
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<br /> "�":�}4�{��,� thst Lender requltes. The ifsu�ance cetrier provtdhg the tnsut&nC9 shaU be ohosen by 8orrower suDJeot to t.enders approval _
<br />�++• ••,•7•� whi�h shalt not ba un�easongbty wRhheld. N Borrower taUS to maintetn coverage descrbed ebove,Lender may, at Lendere �
<br /> r- . ;��'•��- • Optbn,Obteh GOVe�ge to pMt6ot Lender'b rlghls kt the PropeRy in BCOOrdenCe wkh per6greph 7. _
<br /> '°°' Ap Insurance pottcies and renev�als shaY be acceptabte to Lender and shalt hcade a stendard mortpape c�ause.Lender =.
<br />_ °' J;��;, ,t`.� aha4i havo thB ri�ht to hoid the poUOies and renewals. N Lender requUes,8orrower shali prompty gNe to Lender eil receipts of
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<br /> � �,N�• C paW premirtnia and renewal noUces. In the eve�►t ot loss,Bottower sheil ake prompt not�e to the insurartce cartiar and lander. L�.==;
<br /> ��°�" ' # , lender rts�y make proot of loss�not made prompty by Bomwer.
<br /> �� Uniess Lender and BorroMror otherwise apree b wr�hg, hsurence proceeds Shait be applfe0 to resto�atfon or repair of the -
<br />' � . � PropeRy damaged,if the restoraUon or repak b economkaQy feastbie end Lenders security�S not tessened. it the resioration or -
<br />' °• % ropaY la not economk,aly feaslbie or Lendar's secun'ty wauld be �essened,the hsurertce proaeeds shall be applied to the suma
<br />; ' � � sBCUted by this Seaurily Instrument, whethet ar eot then due, wkh any excess patd to Bortovrer. If Borrower abandon8 tho � •',.;
<br /> Properly, or does not enswer wRhtn 30 days a notiea from Lender that the hsurance earrier has ottered to settte a ctetm� then ,,
<br /> � • lender may colieot the tnsurance proceeds. Lende� may use the proceeds to repat or restore the Property or to pay sums ��'"
<br />_" seoured by this Saeurity Inatrument,whether a not then due. Tl�e 30�day perlod wili begin when the notiee is elven. �;?_
<br /> ' Unless Lender and Borrower olherv+lse agr�ee in wrking, any applbation ot procec�ds to prinopai shaU not extend or -`
<br /> ' •� postpone the due d�te ot the monthty paymunts reterred to h psragraphs 1 end 2 or change the amount ot the payments. It ,`
<br /> - undor parageph 21 the Property is aoquted by Lender, Bortowefs right to eny insurance potbies and proceeda resultinp hom
<br /> � damage to the Property pdor to Me acquiskbn shap pass to Lender to the e�ent of the sums by this 3ecurUy InaWment
<br />- dnmedktely pdor to the aoquisttion.
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<br /> - -- 6. vacupnney, Pf08ENlIUOn, IYiGin[enance ana rroiccuon or me i-rdpercy; o6irower6 a.o5ii
<br /> � . ApplicaUon; Leeseholds.Borrowvt BhsE oCCUpy,estebibh.end use the Property fl8 Botrowefs ptlnCipsi residenCe wRhin
<br />-_ � ebdy days aRer the eueaution of this Securiy Inshument end ahall contNue to ocoupy the Property ae BorrowePe pr�otpal
<br /> _ •� restdence fa at Ieast one yeat after the date of occupenoy,untose Lender otherwBe flgrees in wriiing,wh�h consent shall not
<br /> -� be unreasonebty wfthheld.or untess extenuating ckaimstences exfst wh(ch are beyond 6orrower's controi. Botrower shaU not
<br /> _ destroy,damege a impair the Praperty,aAow Ihe Properiy to deterbrate, or commY,waste on the Properiy.Borrower shap be tn •
<br />-. • defauR R any torteAure ecUon or proceedk�g. whether olvp or crlmNai,is begun that in lender's good taith judgment couid resuft
<br />- ' in torteiture of the Propertyr at othernlse mat�rially Impatr the Isn created by th�SecuNty instrument or Lenders security interast.
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