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<br /> . �� � .. Tp(iETHBt WiTli e0 the(mprovemc�rts novv or hereaR�eracted on ths prope�ty. end aD easements. ePPurtenances,and °- ._
<br /> '` '(' .' / , �H qp !ar.ements end additlon,shatt elso be covered by this 8ecurity Ins4ument : :s��r �V�, ;
<br /> ' . • 5�dures naw or hercafter a part at the prapaty. reP -�r. . .'.�: -
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<br /> � qp oi tAe tbregamg is refm►ed to fn this 3eamry Instrum st�of•U►e es9ete herehy coavayed end has the dqht to grart and ;''•�'. „ .
<br /> . BORROW�1 COYEIVA�NTS that Qortawer is Iaw(uIIy icr encumbrances ot record. Borrower wartants and w� °.`.<'. L .. _
<br /> comeY 1he Ptopetll J y�•` p� is unenaunseted. ex�eAt entatmtitances oE record. . .<
<br /> �a F•� ..` �IIY Ytaa Yte `.Yr� .. � .
<br /> ;.�. detend�ene►ellY the t�e to the PropQrt�l eS���end Eemands.subject to anY c ., �'
<br /> • �:. , . THIS 3ECURITY IP�StRUMENT combines unHorm covenanta fot nattonat use end nort�unHorm wvenants with Umited -�4 �, ,
<br /> •� . . vertattons by judsdiction to cans�tute a uniform s�iY 8�s6vms�t caveiing real pmDeA�+• � '
<br /> ` UNIFORM COVENANTS. Bormw�and L�der cavenant end s�ea es ta9aws: � �
<br /> 1.Payment of Princtpaf and E�er�s�PraP.aYR+ert�a�d!.�Chargea earmwer shaU prompily Pelf�! , ,
<br /> . ..: . ��the priAetpal of end krterest on the deht a+ddenced by the Nate and any PrepaYment and bte charS�s�e under the Nate. �
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<br /> . ' ; :£� 2. Funds far Ta�xes and Insurance.Subject to apAUcaAte taw or to a wr�ten waMer by lender.Borrower shaU pay ;.,:;i;,--
<br /> r •:��, to lender on the day mor�ihty Paymerds are due under the(Yote.urAil the tVote Is patd in fu�.a sum('Funds')� `�eYh�� . , , `
<br /> ..�• ��:r--•, � and assessme�b which msy atqln Pdcrit5►over this Sewrlty tnswment as a Den on the ProPerty: (b) Y 'M '� �:L`.;'
<br /> ;� e b c hamrd ar propeRy insurance premiums (a)Yeadf►Ru�C insuranee�
<br /> :•�--«r-� P�y m e�s m y ound tents on the Propert�l.H ar►y. ()Y�Y r�(��►5 t s u m s p a y a b l e b y B o r r o w e r to Lender in a�cordance� •
<br /> � . -. p�miums.B enY �ey Y��I►m��Se fnswar►ae R�n t�m�s• �
<br /> h 8,In Qeu of the paymeM ot mortgage insurance premiuma These ftems are�8ed `�'�O �.-�`'�.
<br /> .. with the pmvistans of paragrap � � --
<br /> ' 1t�ns' Lender may.at en11 Ume. co4ed and hatd Funds fn an emo�mt not to euceed the m�dmum emount a lender tor . � L�
<br /> , . fed�alty rel�ed mortgage toan maY requtre tor Borrowers esaow accaunt under tt�e tederal Rea!Estate Setttement P'rocedu ..^_ "�_
<br /> .. .-`,r` . , ot l974 as ameaded fmm Uma to t4ne.12 U.S.C.�26U1 et se� ('RESPA'), untess arcather !aw acceed the ttesser amflunt� - t' '�`'
<br /> � tun8,copect end hotd Eunds in en emouM aot
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<br /> ' •� ` sets.a tesser emaunt. li so. Latder may.at arry ' ` —_,�_
<br /> '• :t ��� �d��y�e the amourt of Funds due on the basis o1 current data mid reasonabte esUmates of expend'ihues of tuture .._-:�___
<br />_� , . ' Escrow ttems ar athernise in accordance witl►appllcable Iaw. _-=_T
<br /> . .. ',' .' 71ie Funds sha0 be hetd in an inst�ution whose deposIIs ere tnsured by a tederat ageney.� the Fu�nds�to pay the Escrow '' ��', f.�
<br /> . . �'�`'. �'•..` '� Lender,it Lender is such an instr'tuNon)or in erry Federa!Honse toan Bsnk Lender shaU apply
<br /> � Items.Lender may not charge Bortower tar hatding end epPtyin9 the Funds,annuafty enayz[n9 the Qscrow accouni,or veiifying ` ,,;.��=�:,
<br /> I � , the Esetow ftems. untess Lend� pays Bo[rower ir►terest on the Funds and appttcable law pem�ts Lender to make sucA a . _..
<br />...'.Y.'.�4 .` ''�.G�-n atUng senrice . • ^?.
<br /> . . �harge, Hawe+�er. Lenda may►reQ�ire Borrawer to pay a one-Ume charge tor an independ�►t real estate tax rep .,
<br /> used by lender in connedion wBh this loan. untess appDcabte law provides otherwise. Untess an acpeement Is made or =°�
<br /> �-`. ,, appUt�bte law re q u lres(nterest to be pald�Lender sh�at int rest sfielid bepp d on the Ftmds.�l.eie�d�slteU give t�Bomawer. - z..
<br /> , - . 8ortawer end Lender rt�y a�ee in wrdtn9. howaver,- —
<br /> wFthout c�ge.ar►annual accourtHng of the Fun d s. s ha w i ng c r e d'R s $"a d e e ft s t°t he Funds and the puryose tor which each : � ,�, _
<br /> ';�� debit to the funds was made. The Eurtds are pledged as add�tfonal securitK tor all sums secured by,the Security tnstrumerA.
<br /> , �; � I}the Funds heid by lender acce�the wnou�ts Permitted to ba haSd by app[icebte taw.Lender sfiaD aecourd to 8ortow�r _ —
<br /> for the excess Funds in aconrdanee with the requUemeMs af appUcebte faw.B the emourtt of the Fu�rds hefd by Lender at eny
<br /> ' `'�,:;� time Is not sufttdeM to pay tfie Escrow ttems when du� 4ender may so notity Barrower tn wrfting,ar►d,ta such case Bortower - --
<br /> . , , yhap pay to Lendet tfie amou�rt necassffi!I W make up the defldency. Bortower sha�matce up the deflGa►cy[n na more than
<br /> �..; .` ., tweNe morrthl5►Payn►erts.at Lander's sote discretion.
<br /> . � �pOn Paymerrt in tuf!ot aU sums secured by Mis Seairfry Instrument.Lender s►�a7 Qramptl�►�fund to Berrower erry Funds __
<br /> • hdd by LenQer. If.under para�aPn 21.l.ender sha0 acqutre or seA the Propedy. La►der.Prtor to the acquisi8on or safe o!the
<br /> � pro erty�ShaJ appy sny Funds heJd by Lender at the tlme oi acquisitton or sefe as a cred'd against the sums secured by this —
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<br /> � • � � ''. � SeaPirity tnstrumertt. ` -
<br /> � ' 3. A��I��Alton of FBymettt8. Unle.ss appQcabie law Pravtdes othernisa aB paymerrts received liy Lertder under ,-_-
<br /> paragraphs t and 2 sAa9 fos applied: 6rst.to aRY Vr�ayment charges due under the Note;second.to amounts payabte under F_ __
<br />- � " para g r a yh 2;third.to intewst due;fourth,to principat due:and tast,to any late charg�due under the Note. j-,..._
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<br /> � . ` . 4. ChaTgeei Lt9t1S. Borrawer shaU pay all taxes, assessmecds. c h a r 8es. fi n e s a n d f m p o siMons attribuffible tn the L`:._� �.y—
<br /> _ prppgRy whicJ►may at�aln pdority over this Securiry Instrument,and leasehold payments or gound rerrts,H eny. Bocrower shall s
<br /> � , pay these obagaUons In!he manner provided in paragraph 2. ar ff not paid in tfiat manner. Borta«-er sbaD PaY them on 4tme — _
<br /> , y- . directty to the person owed payment. Bortower shall promptly tumisfi to Lender sA rm�CCes ef aa►ou�sts to be pa[d under.this � �
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<br /> paragrapA. If Boaower makea these payments dlrectty, BoROwer shaU promptly turt►ish to Lender receipts evldendtaJ the = -_^
<br />: t,: '.. . r; : � p.ayments. _ -s
<br /> ' •P"' gorrower sha(I pmmpty discharge any Uen which has pdortly over this Security tnstrument unless 8onower: i�)a9rees�n �"�.
<br /> writing to the payment of tha obtigatlon secured by the Ilen in a manner acceptab�e to Lender; (b) contests in gaod tafth the •W'�-;'_. __
<br /> :..:.;,:�::
<br /> lfen by. or detenQs against enforcemerR of the Iten In, tegal Droceedings which In the Lerider's opfiion operate to prevent the � . .
<br /> erhorcement of the Ilen; or(c)secures irom the hotder of the Ilen an agreement saUsfactory to Lender subordfnaUng the Uen w �,;n�.:._�'�'
<br />-+ '„• .
<br /> this Serarity Instrument.It Lender detertnines that arry part of the Prop¢rty fs subject to a lien which may attain pdority over thts ��.:___.
<br /> � ' • Secu r i t y Instrument.Lender may ghre Borrower a rtoUce Identit�Ang the Iten.Bortowec sha8 saUsty the fien or take one or more of ���:_
<br /> ' � the acdons set foAh ebove wfthin 10 days of the givtng oi notice. �•_•_�--
<br /> - � .� +: ` ' S. Hazard or PropeRy�nsurance.Borrower�shell keep the improvements now existing or hereaR�r erected o�the �.,,�,��,
<br />- . pirepeRy�insured against toss by iire. hamrds induded with(n the tenn 'exteeded coverage' and any other hamrds, Includin9 �.-...,;.._--._.,.-
<br /> floods or Raoding,tor wbicti Lender requlres insurance. This insurance shall be mafitatned in the amounts.and tor the perlods �r:_ .t•=•.__
<br /> �� that Lender reqttires. The insurance cenler proviNng the fnsurance shafl be chosen by Borrower subJect taLenQer's epprovai _
<br /> which sha11 naf be unreasonabry wRhheid. If BoROwer fa1ls to mafntaln coverage descrmed above, Lender may. at lendefs �:� _
<br /> � opUon,obtain coverege to protect Lender's dghts in the Property in acconlance w(ttr P�9�P��• -•° .
<br /> All insuranee polides and renewals shail be acceptable to Lender end shail include a standar0 mortgage clause. LeAder � .
<br /> ' aha11 ha�re the dght to hotd the poqcles and�enewafs. If Lender requfres,Bortower shall promptly give to Lende�r all receipts o1
<br /> .. .� '� paid Fremiums and renewal noUces. In the event ot loss.Borrower shall give prompt noUce ta the Insurance cartler and Lender. . .. . • . ,�,,°�
<br /> - • � Lender may mafce proof of Ioss H not made promptry by Bortower. ; ��
<br /> � . Uniess lender and Bortower otherwlse agree in wdting, insurance proceeds shall be appiled to restoraUon or repatr of the
<br /> � �• ' Property damage0.H the restoraUon or repair is economlcaiy teasibte and Lender's security Is not lessened. if the restoraUon or
<br /> � . . � '� repair is not economlcalry feasibta or Lender's securdyr woutd be lessened,the insurance proceeds shall be applied to the sums
<br /> ' � • secured by this Security InstrumeM. whether or not then due, with any excess pald to Borrower. If Borrower abandona the
<br /> : . .�� ; ;t Property, ar does not answer with(n 30 days a noUce irom Lender that the insurance cartier has oHered to serile a ciaim,then
<br /> Lender may coltect the Insurance proceeds. Lender may use the proceeds to repalr or restore the Property or to pay sums ;
<br /> � secured by this Securfty InsWment,whether or not then due. The 30•day pedod wlll begin when the rtoUce is ghren. ,
<br /> Unleas Lender and 8onower olhervvlse agree in wrNng, any apP�lcatfon of proceeds to pdncipal shaD not e�Ren�o' ,.
<br /> � ' postpone the due dete of the monthiy payments reterred to in paragrapAs 1 end 2 or change the emount of the paym - � .
<br />' . under paracyaph 21 the Property is acquired by Lender, BoROwer's dght to erry insurence policies and proceeds resutting irom .
<br /> ' � damage to the Properly pdar to the acquisi8on shatl pass to Len�er to the extent o1 the sums by this Security fnsUument ,
<br /> � immediatey pdor to the acqu ls i Uon. •
<br />- � 6. Occupancy, Presenration, Malnteaance and Proiecticn o! ffie Property; Borrower's Loan .
<br /> � � ' � Appiteation; Leaseholda Boaower shail occupy. establish. and uso ihe Property as 9ortower's pdncipal residence wlthin . . . ,.
<br /> � � sixry days aiter the execuUon of this Security (nsVument and shall eontinue to occupy the Property as 8ortov�et's pdneipal
<br /> residence tor at least one year after the dete ot occupancy, untess Lender othenvise agrees in writing,which consent shall not
<br />- be unreasonabty wtthheld,or untbss extenuating circumstances enist which are beyond Bortower's control. Bortower sheil not
<br /> desVoy.Camage or impair the Property, ailow the Property to deteriorate,or commit waste on the Property. Bortower shall be In
<br />- . � netoAeiture of 1he�Property or otherwisedmaterlaly mpalr the flen�c eat d bythis Security Instrume t�ortlende s�securityutnterestn � _
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