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<br /> TO�ETHER WITH all lhe Improvemente now or hereatta erdcted on the property, and all eaeamants, appurtenances, nnd �� _- _____..
<br /> flxtures now or hereefter s pert of the property.NI reptacements and addltlons shall alao be covaed by thls Secudry Inetrument. ___�_
<br /> All of the fo;egoinp Is referted to In this Securfty Instrument es the"Property.° ' ;'�.°''-_-_
<br /> BORROVYER COVENANTS thst Bonower Is lawfully selied o1 the eatete hereby conveyed end has the rlght to grant end �.: ,�.W.-
<br /> convey the Property und that the Properly Is unencumbered, except for encumbrnnces of record. Borrower werrants and wlll .y'�+;,__,_
<br /> defend generally ihe title to tho Property agalnst ell clelms and demends, subject to any encumbrances o} recard.
<br /> .V;y.
<br /> THiS 3EC.URITY INSTRUMENT combines unllorm covenants tor natlonnl uae end non•unftorm covenanta wuh Ilmltod , ,•"?ff.
<br /> veriatlona by Judsdlctlon to conatllute a uniform eecunly Instrument covering rxal property. ��.;�
<br /> UNIFORM GOVENANTS. Borrower and Lender covenant and agroe ns tollowa: �'��•
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<br /> 1, Payment of Principal und Interost; Prepayment and Lete Charges. Borrower shall promptly pay when - ,,�.;yr�
<br /> duo the principel of and interest on the debt evldenced by the Note and any prepayment and late chargeY due undor the Ncte. ; ;�}�'
<br /> � 2. Funde for Taxoa end Insunne�. SubJect to applicable law or t� e written walver by Lender, Borrower shel! pay _
<br /> to Lender on ihe day moNhly pnyments are due under the Note. untll the Note I� pald in full, e sum ('Funds")earl les ehold r,_�.��✓
<br /> � taxes and assessments whlch mey attaln prlodry over this Secudty Instrument as e Ilen on the Property; (b) y y -
<br /> ri+�"M"�� payments or ground rents on the Property, If eny; (c) yeady hazerd or propoRy Insurance premlums; (d) yearty Ilood Insursnce � _ _
<br /> "."°'"� premlums,it eny; (e) yearly mortgago Insurance premlums,It any; end (� any sums payable by Bortower to Lender In accordance
<br /> with the provislons of paragraph 8, In Ilou of the payment of mortgage Insurance premlums. These items ere called "Escrow ,�
<br /> Items.' Lender mey, at eny tlme, coflect and hold Funds in an amount not to exceed the maxlmum amount a lender tor a � ,T_
<br /> federally related mortgage loan muy requlre tor Bortower's escrow account under the federal Real Estate 3ettlement Procedures � _
<br /> ' Act of 1974 as emonded from time to time,12 U.S.C.�280t et seq. ('HESPA"), unless another law that epplies to the Funds
<br /> sets e lesser emount. If so, Lender mey,at eny time, collect and hold Funds in an amount not to exceed tha losser amount. __-
<br /> Lender may estimate the emount of Funds due on the besla nf curtent date and reasonable estimates ot expenditures ot tuture __
<br /> Escrow Items or othervvlse In accor danae w i t h app l l c a b l e l a w. _-
<br /> Tho Funds shall be heid In an Institution whose deposlts are Insured by a tederal agency, Instrumentallty, or entlty(Including �.�
<br /> � Lender, If Lender Is such an Institutlon) or in any Federal Home Loan Bank. Lender shell apply the Fund3 to pay the Escrow `_
<br /> Items. Lendor may not charge Borrower for hdding and epplying the Funds, annualty analyzing the escrow account, or vedlying _
<br /> �' the Escrow Items, unless Lender pays Borrower Interest on tha Funds and appllcable law pertntts Lender to make such a —
<br /> charga. However. Lendar may requlre Bortower to pay a one-time cherge tor an Independent real estate tax reporting service __ -
<br /> '� used by t.ender in connectlon wlth thia loan, unless appllcable law provides otherwise. Unless an agreamcnt Ia made or __
<br /> �. eppllcable law requlres Interest to be pald, Lender shell not be required to pay Borcower any Interest or eamings on the Funds.
<br /> ? Bonower and Lender may agree In wrlting, however, thet Intersst uhafl be pald on the Funda. Lender shell give to Bonower,
<br /> wfthout charge,an annual accounting of the Funds, showing credits and debits to the Funds and the purpose tor whlch each
<br /> ��. debft to the Funds was made. The Funda are pledged as edditionel security for all aums oecurnd by the Securily Instrum�nt.
<br /> ' If the Funds held by Lender exceed ihe amounts pertnitted to be held by appllcable law, Lender shall account to Borrower
<br /> for the excess Funds in eccordance wtth the requlrements oi appllcable law. If the amount of the Funds heid by Lender at any
<br /> �• time Is no?o ender the amo nt nece Balry to make p theedeticlency.s Bort wer shallemakeWUpn heedaficie cy In�o o�e than
<br /> shall pay
<br /> twelve monthly payments.at Lender's sole dtsuetion.
<br /> �� Upon payment In tull of ell sums secured by this 3ecurlty Instrument, Lender ahell promptly refund to Bortower any Funds
<br /> ',.� held by Lender. If, under paragreph 21,Lender shell ncqulre or sell the Property, Lender, prior to the acqulsltf�n or eale of the
<br /> _._ _. .�. Property,shell epply any Funds held by Lender at the tlme ot acqulsition or sale as e credit agalnst the sums secured by thls
<br /> � Secudty Instrument.
<br /> 3. Application Of Pey111e11t8. Unless applicable luw provides otherwlse, sll paymenta recoived by Lender under
<br /> �' paregraphs 1 and 2 ahall be applled: flrst, to nny prepayment charges due under the Noto: second, to amounte payable under
<br /> parsgreph 2;thlyd,to Interest due; fourth,tn prNclpd due;end last,to any late charges due under the Note.
<br /> 4. ChargOS; Llene. Borrower shail pay all taxes, esaessments, charges, flnes and Impositions ettdbuteble to the
<br /> Property which may attain prlority over thls Secu►ity Instrument, and leasahold payments or ground rents, it nny. Bortower sheii
<br />- psy thase obllgatlons In the manner provided In peragrsph 2. or II not pald In that manner, Horrower sheil pay them on time
<br /> pa egraph.thi BortowerWmakea these peyments dlrec ry B tryrowerl shall promptty81fumislh�to f Lendern recelpta evid nc ng he
<br /> ,. payments.
<br /> Bortower shall promptly discharge any Ilen which has prio�ity over thls Security Instrument unloss Borrower: (a) egrees In
<br /> wrlting to the payment of tho obligatlon secured by the Ilen In a manner accepteble to Lender; (b) contests In good talth the
<br /> Ilen by, or de(ends againet eniorcement of the Ilen In, 1eg91 proceedings whlch In the Lender's opinlon op�rate to prevent the
<br /> . . ,� eniorcement of the Ifen; ar(c) secures frcm the holder�f the Ilen an agroement satlsiactory to Lende�•subordlnating the Ilen to
<br /> this Secudty instrument. It Lender detertnines that eny pert ot the Property Is subJect to a Ilen which may ettain priority over thls -
<br /> Securlty Instrument, Lender may glve Bortower a notice Identifyinc�the Iten. Bortower shali satlsfy the Ilen or take one or more oi
<br /> � the actions set torth above wRhin 10 days ot the ghring of notice.
<br /> 5. Hazard or Property Insurancs. Borrower shall keep the.Improvements now existing or hereafter erected on the
<br /> Property Insured agalnst loss by fire, hezards Included wlthin ihe tertri "extended coverage' end any other hezards. Including
<br /> floods or flooding, for whlch Lender requlres Insurence. This Insuranco shall be maintsined In the emounts and for the periods _
<br /> - �- that Lender requlres. The Insuranca ca�ler provlding the Insurance shall be chosen by Bortower subjsat to Lender's epprovel __ ___
<br /> y whlch shall not be unreasonably wlthheld. It Borrower falis to malntaln coveraga descrl�ed ebove, Lender may, at Lender's
<br /> ,�, option, obtaln coverege to protect Lender's �tghts In the Property In accordence wfth paragraph 7. __
<br /> All Insurence policlas and renewals she!be ecceptable to Lender and shall Include a atandard mortgege clause. Lender _
<br /> st�all have the�ight to hold tho policles and renewels. If Lender requlres, Borcower shell promptly give to Lender all rocelpts of _
<br /> pald premiums and renewal notices. In the event of loss, Bortower shall give prompt notice to the Insurance cartler and Lender.
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<br /> - Lender may meke proof of loss II not made prompty by Borrower. ,�__
<br /> Unless Lender and Bortower otherwlse agree In writing, Insurance proceeds shall be epplled to restoretlon or repalr of the �-_..,r,
<br /> Property damaged, if the restoratlon or repaUls economlcully fesslbie and Lender's security Is not lassened. If the restoraUon or a�_:;;_
<br /> repalr Is not economlcaliy feaslble or Lender's security would be lessened,the Insurance proceeds shall be appGed to the sums ,�,��:
<br /> secured by this Securlty Instrument, whether or not then due, with any excess pnid to Borrower. N Bortower ebandons the � ;._
<br /> Property, or does not answer wlthln 30 days a notice from Lender thet tho Insurence cartfer has oNered to sorile a clalm, then �r'.'',�:
<br /> Lender may collect the Insurance proceeds. Lender may use the preceeds to repalr or restore the PrapeKy or to pey suma ..
<br /> secured by this Security Instrument,whelher or not then due. The 30-day perlod wili begin when the notice Is given.
<br /> Unloss Lender and 8orrower otherwise egree In wrlting, ony a�pllcatlon oi proceeds to princlpol shall not extend or
<br /> postpone the due date of the monthly payments reterted to In paragraphs 1 end Z or change the smount of the payments. N ,
<br /> under paragraph 21 the Property Is acqulred by Lender. Borrower's right to any Insurence policles and procoeds resulting from
<br />' damage to the Property prior to the acqulsllion shull pess to Lender to the extent oi the sums by thls Securiry instrument
<br /> � Immedlalely prior tu the Acqulsitlon.
<br /> i 6. Occupancy, Preservation. Maintenance and Protectlon of the Property; Borrower's Loan
<br /> _. J onnlication: Leeseholds. Borrower shall occupy, establfsh. and use the Property as Borrower's pdncipul resldence withln
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<br /> � sixly days afler the e:;ecutlon of this Seeurity Instrument and shell continuQ to occupy tne rroperiy aa o�ao�e.'s r���...rw, � -' =-
<br /> • residence for nt least one year eiter the date ot occupency, unless Lender othenvise egrees in writing, whlch consent shall not I
<br /> ' be unreasonebly wkhheld, or unless extenuating cUcumstences exist vvhich nre beyond Borrower's control. Borrower shall not
<br /> destroy,damage or impalr the Property,allow the Property to deleriorete, or commit weste on tho Property. Borrower shAll be In
<br /> � defnult il nny forfeiture actlon or proceeding, whelher civil or criminal, is begun that in Lender's goad feith Judgment could result i
<br /> in forfeiture o(the Properly or otherwise maleri;�lly impair the Ilen creatad by this Security Instrument or Lender's security interesl.
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