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<br />_ ProP�hl• d '•.��< -- _
<br />-�t�'��"` , • TOtiEiH�WfRi eU the fmprovements naw or hereafter a�ected on the and e0 ea&emertts,eDP�ces. an �..,<<: ��,�
<br /> , `• PaR ProAe1h►.AO tePlacene�►ts and ad�tlnns sfiaD eiso be cavered by thts Semrlly Instrumc�rt. `�.', �= .
<br /> � t • � naw ar Qereafter a of the : ;w ,
<br /> �. f.�oi the taregNng is reterted ta tn thts Sec�y Insnvment es the•�caverei►-' ' £:
<br /> ,r � • S�RitOWOi C011El�fANTS that Bortower ts IawiuQ3i seized of the eaffite her�by corneyed and has the dgM to �ant end c:, �
<br /> ' : ��„�`, ,.'�Yz c�mey�e FropeR]►end that the ProPer[}F Ts urt¢a c u m�ere d, �c c e p t t o r encu m b r a n e e.s o f c e c o r d. B o r r o w e r w a c r a n t s a n d w�� ,t.�.,, :.,.,� �ti ``�
<br /> ¢ , R . �
<br /> ° defend generaiiy the U"�a w the PtogeAy a�►st a1t daims and deman�.subjeit to mry enwrr�brenees ot record_ ,- .�
<br /> ay
<br /> THIS SECURITY INSiHUNtENT can}btnes unHorm eovenants tor natlonal use anQ nort�unKorm covenants wrth Qmited� �t � ' :.�<�r�'':
<br /> - variatfons by judsd[eUon ta cans�dste s unRorm sECUdty instrume�rt eaverfng reat property. . � .
<br /> ° UNIFCRM COVENANTS. Bnrrower and Lender cavenant qnd agree as toVows: � t, 4 � °� .
<br /> � 1.Pa39anent of Peincipas and tntores$ Prepaymeat and i,ata Chargea Bo�rower ahau vromavlr a���� r . � z;f _,.
<br /> due the rUsdpai oi and Inteiest on tfia debt ev,tdenced by the Ptote��d eny prepayment end fate charges due under the Note. �,.,� �
<br /> � 2. �un�s tor Taxes and tns�rance.SubJect to appQceble law or to 8 wri2ten wahrer Ey Let►det.eorrower snau pay 0°� � a;� �.�.;. _
<br /> . � m lendet on the Qay montAfy Dayments are dne under the l�ate.untU the Nate is paid in tull.a sna�f'wndg')t� teaseh�� - � � . ^
<br /> ' F ` • taxes end sese�ssments whlefi may attain pdo�fity anrer Uils 8ecuriry tnst�ument as e Qen on the FroPerry: (b) yeaAY `,:� 5`'.•-
<br /> '��^^�� paym:enis or ground rents on tt►e Property.N any. (c3 Y�t17I hazard or proper4y Insurance premfums; (� yearly ftood Insurance� , �`� -
<br /> r -- ' �.�sssy.{e)Yeadyl tnflRSHSe ittsu�8t�ee pteNums.B any.and(�any sums payahte by Borrower to Lender rt�aecordance�; •. , ..
<br /> , .. wllh the provisions ot para�apfi 8. tn lisu ot the payment af morigage i�suranoe prem�ums. These�ems are�ted "��ow ��. .
<br /> � t „ (�,' Le�d�r may. at any Ume, copeet and hoid FunHs in an amourn not to exeeed the ma�rtum amourrt a iender for a -,. �� �
<br /> . �� r
<br /> :`�� federaily retated martgage toan may require tor Bmrow�'s escrow account under the tederal Fteat Estate SetUement Pmcedures `",,�`� , _-
<br /> ` ., Act af 1874 as amended from tlme to&r[e.12.US.C.�2601 et seq. E'RESPA'}, unlr.�s anothe►taw that eAp�tes to the Funds � F=`' -
<br /> .' . , ' sets a tass�amoust If so.Lender may,at.�►y t6ne. coQect and hatd Funds in an amouM nat to exceed the(esser amount _ :�- -
<br /> . Lender ma�(esUmate the amaurtt of F�mds dua on the basis of curtent data and reasanebte sstlmates ot expend'itures ot tuUire --� ,:-
<br /> . .a r. •i • � Esaaw Itesns ar othenvEse in aa:ordan�wBh appticahte law. cittdu�g
<br /> ' ' �'' 'ihe Funds shall be hetd in an insh2uUon whose deposits are tnsured by a tederal agen�y.instrumenffiGyl.ar entidS►(fn ..-. _ ..
<br /> ,, `�5�� Lender.H Lender is such an Institution) or in eny Fedaal Home Loan 9ank l�der shall apDhl the Funds tn pay the Esuow � --- -• -
<br /> '� � ttems.Lender may not charge BoROwer tos had'ing artd apDIYInS th�Funds,annualty analydng the ear�nw►aceoun�or vert�ttng ; .��--=_-
<br /> - �� ,� .i. tAe Eaaaw Items. uniess Lender pays Bortower interest on ifie Funds and app6cable Iaw pPm�its Lender to make such a [� ' _�_:.-,--
<br /> - t°��` ��� cNarge. Nawever. lende► maY requirta Borrower to pay a one-time chaige for an tndependen! real estate ta�c reportmg serviee '
<br /> � � •.`�. , � used 6y Lender tn coanectlon wiih this (oen. untess appncabte faw pcovtQes atfien�isa Untess en egreement is made or
<br /> •;,., �.� : , . ; ' irrterest to be atd Lender shaD not 6e required to pa5►Borrower any hrterest or eamings on the Funds. �-,_y�
<br /> - ;,.' ,� aPA6cable faw cequires P
<br /> :�T Bortower and iend�maY ayee in wrtttn9.however, tltat ir►tereat sha0 be paid on the Funds. LendeJ shaU give to Bortower, _ _ -�_
<br /> . � wiUtout char}�en annuai accaunUng ot the Funds,showing credits end debtts to the Funds and tfie purpose tor whtch each .
<br /> ��_:'; deb�to the Funds was made. The Ftmds a�a P►edged as add�tonal security tor aD sums secured by the Securfry Instrumerrt. � -_
<br /> •, ft the Fumds field tsy Lender exc�d the amouMS pennitted to be hr�td by appticabte taw,Lender shaB aarount to Borrawer � `_ l �
<br /> " �'.i� tor ths excess Funds in acco r d e nee w ft h t he requ i r e m e n t s a Y�o:�a b l e(a w.H t b e a m a u n t o 9 t h e F u n d s h d d b y L e n d e r a t-e n y �: -._r_
<br /> , � '� � time ts nat snfHdent to pay the Esaow ftems when due,l.ender may so notity Borrower in wrRfig,and, in sucti case Borrower
<br /> • � she(1 pay tp Lender the ameunt necessary to tnalce up the deftdency. Borrower'sha0 tnake up the deficiency tn no more thsn �,�
<br /> .. • � , der's sote discre8on. ��`��-, ----
<br /> � , , ,•;�::., twetvo mmrthty payments.at Len r . �
<br /> . ..- ...:..:...... t�pon paymen!N tail of alt sums secured lry this Securit�l instrumer►1.Lendes shaU prom�tUy retund to BoRower erry�unds , €4.. ._____
<br /> '_�� ., ` � hetd by Lende►. lf,under para�apA 21. Lender shail eaquire or sed the Property,L�nder,pdor to the acqutsRton or�te,oi the -°°
<br /> � property,sha11 appry any Funds hetd by Lender at the time of acquisfVon or sate as s credit agatnst the sums secured by this ___
<br /> gecuriry InstnuneRt. � ---
<br /> 3. A�Plif�ton of PSymenL�t. Unless apPUcable taw provides otFierwise, ell payments recelved by lsnQer under ��
<br /> �. . ' para�gaphs t end 2 sha0 be appIled: Rrst.to an1►Preaayment char9es dae under the Note:second,to emounts payabta under �,;,�_ -
<br /> _ � .. •,'',�, '•. • � para�aph 2:third,to Grterest due;tourth,to pdndpal chce;and tast,to arry tate charges due under the Note. f-_
<br /> '•u,`. 4. C�targ0� U�n9. BoROwer she� pay atl texes. assessmerRs. charges. fines and tmPosttlons attrfbutabie to the • ':rf�, ,_,
<br /> ' � �•+• PropeRy which may attatr� pdorfty over this Security Instrument,and leasehotd payments or�aund rents,ff any. Barrower sha11 ; r.�..�-
<br /> �•�c.�...,_,..._,�
<br /> ,, , ' pay these obAgations (n the manne�provided�r►para�eph 2, or it nat paid (n thet manner. Bo�rower shall pay them on time . ;;,,��.__,�
<br /> � � directly to the person owed paymeM. Bortower sha11 promptiy fumish to Lender a1t noUces of emounts to be patd under this = �,,, :,a
<br /> ' ' • para�apb. If Bortower makea these payments dlrectiy. Borrower sha11 prompty tumish to Lender ceceipta evidenctng the __.x:3„�=> :._..___
<br /> .. � , paymerrts. ''.,;,�^'�`����' °
<br /> • 8orrower ahall promptty discharge any�en v�hich has pdoriry over this Secur(ty tnsqument untess Bormwer. (a)agrees(n ,.'��_
<br /> . � writing to the payment of the obtigaUon secured by the lien in a manner acceptabie to Lender; (b)contesis In good faith tha . -_
<br /> ` ` � Ifen by,or det�ends agafist entarcemeM ot the Qen lo, legal proceedings which In the Lender's opinion operate td preve�tAe �,•����; �
<br /> ,•.� enforcemertt of the 11en;or(c)secures trom the holder of the Ilen an agreement setisfactory to lender subordinatin�the Iten to . . __� --___-_
<br /> ` i.�` ` � this 3ecur(ty InatrumeRt.If Lender determtnes that any part oi the Property is subJect to a Uen whTch may attain pdoYy over thts , >�--=�-�- -
<br /> .� .,.s ,..`i5;�sz;.�=,
<br /> .f.. ` , . Sewrity Ins�ument,Lender may give Borrower a nottce identiiy(ng the Iien.Borrower shail saUsty the Iien or take one ot more ot : ---
<br /> . �•`�� the adlons stii torth above within 10 days of the gMng of rtoUce. � `'� � -
<br /> � 5.tlmZdfd or Property fns�aranca.BoRCwer shall keep the irr�rovements now e�dsting or hereafter erected on the �
<br /> s • ` P ro i nsure A ag a i n s t t a s a b ft re. h a z a r d s i n c t u d e d w i t h i n t h e t e r m 'e x t e n d e d c o v e r a g e' s n d an y other hazards, tnctudin g ,
<br /> n��• .!.." � ' '' flooE�r ftooding,forwhich Lender reqnires insurance. This insurence shall be melntained fn the amounts and for the pedods �_�: __ _.r_'�"_��
<br /> � � � : l that Lender requires. The insunance carrier providfng the Insurance shafi 6e cfiosen Dy Borrower subject to lenders approval ��.:. ••.�°;�::
<br /> �.; _ � � whtch shall not be unreasonabry wlnhhetd. 11 Borrower tafls to malntain coverage described above, Lender may.at Lender's __ __ -__ -_•
<br /> • � ' opUon,obtain coverage to protect lender's dghts in the Property(n accordance wRh paragreph 7. p .".:' -,
<br /> � •� Atl insutance polfcies end cenewafs sha11 be acceptabte to lender and shall Inctude a stendard moRgage ctause Lender - .
<br /> - � � , ; sfiall have the dght to hotd lhe policies and renewais. If Lender requfres,Bortower shall promptty give to Lender all receipts of .
<br /> � � � ;., paid premiums and renewel noUces. In the event ot Ioss.Borrower shall g(ve prompt noUce to the insurence cazAer and Lender. . •
<br /> Lender may meke pmof of tosa if not made prompUy by Bacrawer. �• . -
<br /> � � � , •.'' .�` � Unless Lender end Bartower othervutse agree in wc?:,"�g. insurance proceeds shall be appUed to restaraUon or repatr of the .•��'.�:• .� 1.
<br /> � •• • j Propedy dameged.H the restoration or rep�ir is eeonom�cairy feasibte and Lender's securfty is not Iessened. If the restoratlon or
<br /> ' '•`, repair is not eeonomlcaty feasibfe or Lenders security would be lesser�d,the insurance proceeda shall be epplled to the sums ,
<br /> � '•� aecured by this Security InstrumenL whether or not then due. wtt�2.'y excess Paid to BoROwer. If Bortower ebandons the � .
<br /> . . • . i� PropeAy, or does not answer withfi 30 days a notice hom Lender that the Insurance cartler has oNered to setUe a cialm,then � � '
<br />' • 1� tender may collect the insu►ance proceeds. Lender r�ay use the proceeCs to repalr or restore the Property ar to pay sums .�` � �
<br /> f� secured by this Secudty tnsWment,whether or not then due. The 30-day period wiii 6egin when the notice is gire�. �
<br /> . �;� Unless Lender and 8ortower otherwise agree in wdBng, any app►ication o1 proceeds to pdnclpal sha0 not extend or ,
<br /> postpone the due date of the monthty payments reterred to In paragraphs 1 and 2 or change the amount o1 the peyments. If
<br /> �.'�,;. } under paragraph 21 the Properiy Is acquired by Lender, Bortower's dght to any insurance polieies and proceeds resulUng iram .
<br /> .' j damage to the Properiy pdor to the aequisiUon shall pass to Lender to the extent ot the sums by this Security Instrument . . ...
<br /> ' . � Immedlatery pdor to the eequisftton. � .
<br /> � 8. Ocaupartoy, Presenratlon, Matntenance and Protectton at the Proporty; BorrowePs Loan
<br /> � � � . Appqcation; LeF]sehald8. Borrower shatl occupy,establlsh,and use the Properry as BoROwer's pdncipal residence within
<br /> . sixty days afte► the execullon ot this Security Instrument and shall continue to accupy the Properry as Bortower's p►ineipal ,
<br /> � . � • residence for at teast one year after the date of accupancy. untess Lender otherwise agrees in wr(ting, which consent shall not , .
<br /> ba unreasonabty wfthheld, or untess extenuating circumstances exist which are beyond Bortower's controi. Bortower shali not .
<br /> � • destroy. damac�e or impair the PropeRy, aitow the Property to detedorate. or commit waste on the Property. Borrower shall be in •
<br /> �. • datault it any toAeiture action oi proceeding, whether ct�D ar criminal,is begun that In Lenders good faith jadgment could resuit
<br /> • in toAeiture o1 the Property or oYhenvise materiaily impair the 11en created by thls Securily instrument or Lender's secudty interest. •
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