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<br /> .' •.'t. ' :.-{ . TOCtETH�I VYITH aD the Impravemer�b naw �r h�eafter etected on the RroP�Y•end aU easements. aDPurtenances. and � � �:
<br /> � fodures now or herQafter e paR of the propertY.AD rePiacaments and adddfons shaD etso bs covered by t4ds Seeuriry instrument � �•
<br /> �°,..=�.:::-.'::.�j ' AQ ci the toregotng is retwred to(n_thts S�udtY tnsWment as the'Froperty.' ti°;,�,:�_•
<br /> `,',r ', BORROW�i COVENANTS that Botrawer!s hawfag! seized ot the estate hereDy conveyed ared has the dgAt W grarrt and
<br /> :r� eanvey ths RapeAy tutd that the Property is w2ncumdet�ed. �ceFpt tar entxunbrartces of ret�rd. Bortower wartants and wi!! ,<
<br /> � . .�`°�'? detend genera6y Me Utle to the FroPert�/agafnst all datms end demands,subject to sny encumbranc�es ot record.
<br /> . �� . . . . { THl3 SECURITY IN5iRUMEM eomQines unHarm coven a n t s t ur n a Uon� usa end non-un�orm cauenantv wilti �'imited
<br /> ', �� variat[ons by jutLs�ction to wnstttute a unHom+sedtrity insUun►ent cavm(n9 real ProFeetY• .
<br /> ��.v 2 . } UN(FOFLM COVENAMS. Bajrower and Lender covenant and a�ea as toliaws: "`. �� .•,4
<br /> . � ' t.Paymeflt of Princtpsl and tnYere�PrepayMent and Lata Chargea 9orrower shaD PromD1Ai P�f►when
<br /> . .� ` � due the pris�dpal at end 6Retest on the debt eNdeneed by Ne Nate and anY V�D�Y+�eM end IaUa cfiarges due under the Ncte. � .
<br /> • � 2. Funds far Yaxea and Insarance. Sublect to aPP�c�te law or to a wr�ten waiver by Lender.Bortower shall paY
<br /> .�_;,��..:�_�'` ..:2 ta Leader on the day manthb PaYm� are due undv the Noie.until the Note is pafd in fu�.e sum('Funds"1 far: (a) Yea�l
<br />- - �_.,,�--=A texes and assessments whIch may aAafn P�!► over ifils Sect�ritY Inshu�e�t ns a Oan cn the ProPertY% (b) Y�N leasehald _�
<br /> '. .,. ;:� ; paymectts or cgound terrts on the Pmpert�l.if any: (o)Yea�1ll hazard or propet1Y insurance Premiums:(�Y�Y tlood insuranee
<br /> `- � sums payabte by Bortower to Lender In accordance (� °""
<br /> - � ' ` � pr�tams.H any.(8)yeartY moRgage tri..�rsl�ce premiums.it er►Y:and(i}a�►!I � .
<br /> ,- -``.�,.• .- ; ,�ith the provisEons ot para�aph 8.in Beu of the paymerrt ot mcrtgage insaranee premiums. These(tems are eaped 'Escrow ,
<br /> ` . .; g�,° �d�may. ffi sny time,coQed and hold funds in an emouni nat to exceed the ma�dmum an►ount a ler�der tor a � ` ^
<br /> federally retated moRgage toan may requiie tor Borrower's es�xow account undv the tederal Reat Estate SetHement Pmceduces ` ',_• .�
<br /> ' Act ot 1974 as am�ded irom Uma to Um�12 U.S.C.�2601 at se4. ('HESPA�. untess another taw that applles to the Funds � _
<br /> . seLs a less�amourtL H sa Lender may.at eny t6ne, eoQect and hotd Funds in an amount not to exceed tAe�of tuwre �
<br /> � Lend�may�e the amoimt of Wnds due on tAe dasis of curr�t data ertd reasonabte estlrnates ot e�en
<br /> • ��° Esaow ttems or otherwtse in accordance with epp6ca6te Iaw. a federa!agency.insUumentanty,or enttiy QnGuding � ..�+":•
<br /> . ' :.':.a�z• The Funds shai!6e hdd in an insrituUon vfiose d�osds are fnsured bY m�Funds to pay the Estxow �.
<br /> ` • lender, ff lend�is such en Ins�Uon) or In any Fedeial Home Laan Bank. La►der shali aDP�e��aaouat, or verifytng
<br /> � � � • Items, Lender may not charge 8onuwer tor holding and appryir.g the F�mds. annuaIIy anaty�n9 ,
<br /> . ' the Escrow itens. untess lend� pays Borrower fnteres!on the Funds and appl'icaDle taw permits Lender to make such a
<br /> fr� e:;.. ,. -���� ettarga Hawever. Lend�may retNire Bortawer to pay a one�ime char9e tor en tndependent real esF�e fax reporiing seMce
<br /> ' . � .�`� ased by Lend� in connedton witn thts to�, un►ess appllcable taw provides othervrise. Un[ess an egreemeM is made or
<br /> � 'i apPQcabte taw requires interest ta�e paid Lendes shaD not be requtred to pay Bortawer any�t or eamings or►the Funds. �' ��
<br /> - _ . . Borrower and Lender may a�ee in wrtUng. however,that Interest sha4 tse paid on the Funds. L�der sha0 glve to Borrower.
<br /> '�:' " ..'' withaut charge.an ennuai aeeovsdfig of the Funds.showtng eredits and debits to the Funds ated the purpose tor which�cft �. .�.•..,
<br />.'<� ;``�; debit to the Funds was mad� Tiha Funds are pledged as add'iUanal s¢curliyy tor a0 sums secured by the Secucity Instrument
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<br /> �"� ` If Uie Funds held by Lend�exceed the amourrts permr'tted to be hetd my appQcable taw.Lend�sfiall account fo Bar[awer
<br /> � for tha mmess Funds in accordanoe with the requiren°rts ot aDp�c�bte law. H the amount af the Funds hetd by Lender et arry
<br /> , . .-. ;q::; time Ls not sufltde,nt to pay*�.�Esraow Items when due.Lender�Y g Bocroweg sfia0 m aP the d dency In n�o ore tttan
<br /> • � . -:.3 shali pay to Lender the ert�ms.�.necessaty►to make up the defldency "-<
<br /> twetve monthiy payma�ta.ei�.i3er's sote dtsaetton.
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<br /> • • Upon Dayment in fu�ot a7 sums secured by thts 8ecuriry�ostrumenR Lender s.*�G�romptiy refund to Borcower ary Funds .::r„
<br /> �` ••' . 4.��`: heW by lender- !1.under paragraph 21. Lenda shaD acquire or sd!the PropertY. L�n�r.pdor to ffie acquisNIon or sefe af the .
<br /> ,:. '�F''� Funds hetd by l�r at 1he time ot acquisidon at sale as a creQ'it agafist the sums sewied by this :'�%
<br /> � Pirepaty. stt�71�N anY . .:'.•'`
<br /> , y};� S�.v,�^iy(nsht�ma+L •'-_,:
<br /> :,,`�,`:: 3. Applica4ton of Payme�s. un�ess aPPGcabts i$w provides•otherwise, eD Payme�s receIveB by Lend� under ;�,r.
<br /> '� � .� paragraphs 1 and 2 shaU be appIIed: first.to any prepaym�t charges due under the Nat�second to amowds pa�`�la under ,,n.
<br /> ..;. �:;;� ; .,'tt; P��D„�ffiird,to intEVest t�e:foutth.to pdrtdpal du��d last.ta atry Iate charges due unde►the Note. •j`:;"
<br /> :;`'/' ,� ;.;, 4. Ch�$e� L18�9. Borrower shad pay a0 taxes. assessments. char9es. flnes and Tmpositions attrlbuta�7a to tAe
<br /> k ' "�.��;�v; property wh;ah may attafi pdorHy over this Seauity Instrumen�and teasahotd payments or ground rents,it eny. 8om�wer sheU ,
<br /> ��-_--..'.�.�����_�. �say these d�Fsgatfons in the manner provhfed in Dara�aVh 2. or if nUt pa2d tn that menner. Barower ehaD pay them on ttme ,-____
<br />= -',<' r �rectiy to the person awect payme�rt. Bonower shall promptty TumfsA to lender ail notices oi amounts to�e pair!und�tlsts __
<br /> :;; ' : �: paragraph. Ii 6orrower ma.'ces these payments direatty. Borrower sha0 promptly fumish to Lender receipis evtdeneing the .
<br /> .,: ,;;,?�:' °:� :'`� P�p,I1ts. ':_:.
<br /> � • ���: Borrower shall promptlY discharga any Oen which has pdorily over t h ts Se a i r(t y Instrumcmt unless Borrower. (a)agrees in ,.;,,_,
<br />.�'; .� . , �`��''�;F.. wriUng to tha payment at the ob�gaUon secured by the nen in e mann�acceptable to Lender. (b) contests in good taith the
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<br /> �; ,';f_};y�;; Iten by. or d2lends egafist e�orcement of the Qen In, tegai proceedings which In the Lenders optnion operats to prevent the
<br /> :. f'• entoreement o1 the Uen;or(a)secures from the hotder ot the lien en e�es�e'3 satisiaetcrf►to Lendv svbordinating the lien to
<br /> .` `� 1'his Seeudty tnstrumen�It Lender determines that any part oi the Propeny is sv�;ect to a.Den which may attain pda�j over this � .-
<br /> � . . ' : '�'.':c.� Sscurity Instrumerrt.LenQer rnay gNe 8orrower a noUce Ideniitying the�En.8ortower st�satist�/the Ifen or tske araa�r more et �_ -�
<br /> �` . '•�_''� the acdons set foRh abova wfthin 10 days of ine gfvfig of noUce.
<br /> �'`• ` , „ �•.�'�; $..�d oI PrO�ev�,/Insu�a0ca.Bocrower shaU keep t`�a ia�provements now extsting�hereafter erected on the . . ��=�
<br /> � .•' , � '..��;;' prppetty N�,^�d againsl�oss by ftre. hazaMs induded within the ter.n'�xtended coverege' and�yr other hazards, tnrJu�llng •
<br /> � floods or flood'mg,tor which Lender requires insurance. This insurance shail be malntained In the amounts and tor the periods ��;_
<br /> � �;";';:�• � ' '•• that Lender requires. The ir►surance canler Providin9 the(nsurance shaH be chosen by Bortoweo subject W Lender's approval :-�
<br /> ���,�"
<br /> ��{�;';'�' � ' which sha0 not be unreas a n a b y w A h h e l d. f f B o r r o w e r f a i l s t o m e f n t a i n c o v e r a g e d e s c A b e d e b o v e, L e n d e r ma y. at LendePs —:T,-,,_„
<br /> `'��' optian,obtaIn coverage to pmteet Len d e t's d g h t s t n t he P�oae ft y i n a c c o r d e n c e w l t h p a r a g r a p n 7. „r�;1:
<br /> � � � q�1 Ins„ranca pot:des end rene+vafs shaA be acceptebte to Lender and shall Include a st�ndard moRqage ctause. Lender .
<br /> �•;''���� sha0 have t'he rtght to hotd the potici�ans renewals. I1 I.ender requUes.Borrower shal!pmmply c,,�'.ve to Lende►a0 receipta ot
<br /> :���_.: _ �-'.i:: pa(d prerri�rrs and renewal notices. tn tha tvent of toss,Botrower shali gSve prompt notice to tfie ir�s�^anee cartler and Lender.
<br /> r � Lender may make proof of tass N not made pramA6Y by Bonowe►.
<br /> ;,,;�.• � �� Untess Lender end Borrower othervutse agree in w-r8m� insurance proceeds sAail be appiled to restoratlon or repair of the
<br /> ••��. Property damaged,H the restoraUon or repaU is ewnomicalty teasibte and Lender's securtty ia not lessened.If the restoration or
<br /> � repalr Is no!economtealty feasib'.s or Lender's securiry would be lessened,the tnsu►ence proceeds shafl be appQed to tha sums
<br /> - �� secured by tAis Security InstrumeM, whether or not then due. with eny exceas paid to Borrower. If 8orrower ahandons the
<br /> • PiropoRy,or does not answer w(thln 90 days a noUce irom Lender that the insurance eenier has oftered to sa1Ue a ctaim,then
<br /> � � t Lender may coUect the Insurence proceeds. Lender may use the pruceeds to repair or restore the PropeRy or to pay sums ;
<br /> -^ `:: . '�:�'• � searced by this Security InsUument,whether or not then�:e. The 30�day pedod wN begln when the noUee ia gNen. ,,;;•:.
<br /> - Untesa 6ender anA BoRawer otfierw:se agree in wriiing, arry applicatlon of praceeds to pdndpel shell not extend or •,;:.-,+;.
<br /> � • • � postpone the due date of the monihty payments referred to in p�a�hs 1 and 2 or change the amount o1 the paymerrte. If •.'r•,���
<br /> - 1 under para�aph 21 the Properiy is acquUed by Lender, Bortower s dght to any Insuranoa pottcles and proeeeds�esuiting irom
<br /> � . damage to the PropeAy pdor to ihe acqubiUon shall pass to Lender to the extent ot tAe sums by this Security tnsVUmene
<br /> �� • ' = immedlately pdor to the ecquls(Uon.
<br /> ~ �_ . � ' � 8. Occupan�y, Preservattan, Matrtteraanee and P�utectlon of the Property; Borrowar's Lnan �
<br /> � � • , AppliCBt�on; Lea88hOt�e.Borrower shati oecupy.�s.'ab�ish, end use the Properly as Bortower's principal residence within �;.
<br /> � . , i sixry days aRv the execuUon of thia Secmity tnswment an d s h a 0 co n t lnue t o o c c u p y t h e P r o p e�t y a s 8 o r ro w e►'s pr(n c i pal
<br /> �-. �• • • f residence tor at teast one year after the date of occupancy. unless Lender otherwise agrees in wriNng.which eonsent sfia11 not �
<br /> �'�'�--� � " . �"' �-S be unreasonably wtthhetd.or antess extec:�adng circumstences e�dst whieb are beyond BotroweP�tontrol. Bortower shaU not
<br />��' � destroy.damage or impalr the Property.aUow the Praperly to deteriorate,or commit waste on the PropeAy. Bortower shaU be in
<br /> � � ' � _� detault H any todefture acNon or proeee�ng. whether av�ot atrninal,is begun that In Lender's good tattb judgment could resuit � .
<br /> in toRefiue o1 the Properiy or otherwise materialty impa'v the lien created by this Secudty InsWmertt or Lender's security irrteresl.
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