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<br /> LL,.�ti,;;�� ' TOOETHER WITH �M th� Mnprowrn�nb naw or h�nak�r �nct�d on th� prop�rty, �nd �II�c�t�, �ppurtm�naf, �nd
<br />�.� fbcturN now a h�raft�r�part of th�propKty. AN r�pl�c�ts�nd�ddRbn� ah�N �ko bo cowr�d by thla S�curNy Instrumint.
<br /> .�_ AM of th�lonpofnp h nhrt�d ta h thh S�curky In�trum�nt u tho'Prop�rty."
<br />_:���.-���w BOF�1C)WER COVENANTS th�t Bortow�r fs M►w1uMy r�lr�d ot th� �stat� h�nby conwy�d �nd hu th• ripht to p��nt �nd
<br />_ �-=y.��� Conwy lh� Prop�rty �nd th�t lh� Propwty b unmcumb�nd, �xC�pt for�ncumbranca of ncord, Borrow�r w�rr�nb �nd wlll
<br /> Whnd penK�ly th�tNl�to th�PropKty�y�h�t�N cklm�and d�nund�, subHot to�ny�ncumbranc�L ol reoord.
<br />-�.r�:f TH19 SECURITY INSTAUMENT combina unYorm cown�nts for nstbnal use ond non•unHorm cown�nt� wkh Nmked �
<br />-�°:• vukllon�by prkdbtbn lo comtkub�unBorm acurky Inttrum�nt r,owrhp rMl prop�rty. �
<br /> -���' � UNIFOFiM COVENANTS. Borrower and und�r cown�nt�nd�arM ae folbwe;
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<br /> . -_ ___ 1. P�ym�nt of Prinolp�l �nd Intere�t; Prep�ymant end Lete Charpes. Borrow�r eh�ll promptly p�y wh�n 0
<br />-,.e,�=y���y du�th� rinCip�l of�nd NtKNt on thY deht�vltHnC�d by th�NoU �nd �ny pnpaym�rd�nd yt�ohup��clu� und�r th�Nob. �
<br /> : ,,,,,���� 2. �und� for Tutea •nd Inwrance.SubJeCt to epplfcabb I�w or to � wrNtYn wANor by UndM, BorrowK eh�ll p�y �
<br /> � to Lond�r on Ih� �fay monthly p�ymenta �n du�undsr the Note,until Ihe Noie is pald h tul�a sum ('Funds') for: (n)yearry
<br /> tucp �nd asNUm�nb whbh rru�y att�h prbrky owr thls S�curky Instrummt �s � IMn on th� Prop�rty; (b) yMrly Iwt�hold
<br /> -��� paym�nt� or pround rsnt� on ths Propsrty, B sny; (o) ys�ry hwrd or propsrty Insur�na pnmiums; (d) yMry fbod In�ur�na
<br /> ��4�_��-�$� prwnbma, if my; (s)yauy moripap� insunnca prembms, M�ny; �nd (q any auma p�yabw by Bortow�r to L�ndar In aCCOrdana �
<br /> ' � wkh th� provhbne of pu�pnph 8, in Ifw of tho paymmt of mortp�p� fnsuranc� pr�miums. Th�s� NKns an calNd 'E�crow
<br /> .�_�-��� It�ns." L�nd1r may. �t any tlme, coN�ct �nd hold Funda In �n amount not to �ccNd th�mnxknum�mounf a I�ntNr for a
<br /> __:,,;,���� Nd�nly nfatwl mortpnp� ban rruiy nquk� for 8orroH�r's eRCrow eccount und�r th� Md�ral Rnl E�t�h S�ttMrn�nt Prx�dsins
<br /> --�---��� Act of 1974 af un�nded hom thw to thw, 12 U,S.C.8 2601 et seq. ("RESPA"), unbss enother law th�t �pp�Ns to ths Funds
<br /> - --' ��ts � Mtsw unount. II eo, Lsnder may, nt any tfrtN, colbct and hold Funds fn an �mount not to �xc»d th� Mts�r �mount.
<br /> ---=- L�nd�r may estYnab the amount of Funda due on ths basls of cunent tlat�and renson�bw eatYnebs of �xp�ndkuns o1 futun
<br /> -_=_�e� Eacrow Itsms or atherwfse h acoordance wRh applb�ble law.
<br /> The Funds shaA be hsld fn an hatRutbn whose dsposks are hsured by a luderal�qency,hetrument�lky, or rntRy (fncludinp
<br /> °� Landa, 8 Lender Is such an instkutbn) or fn any Federal Hame Loan B�nk. Lender sh�lt �ppy the Funds to p�y th�E�crow
<br /> � ItKn�.Under m�y not charpe Bortower for hofdinp and appyhp th� Fundt, annualYy antlyzhp th� �scrow �ccount, or wrMyinp
<br /> -� th� Etcrow Itwns, unkss Lendrr pRys Bortowar interest on the Funds end opplicabN I�w p�rmke L�nd�r to rrwk� woh �
<br /> -_�+�� char{�. Howwer, Londer may requke 8orrowsr to pay n one•tkne cherpe lor en Mdependent rwl �ft�l� tuc nportlnp utvk�
<br /> -'�� uasd by Lend�n c �onnxtbn wkh thfs ban, unlesa appNceble law provides othsrwkt. Unbsa �n �pr�rwnt Is rr�ds or
<br /> - applbabk I�w roqulns Intersst to bn paid, Lender shllll not bs required to pay BoROwa any hunst or Nminps on th�Fund�.
<br /> °•�-�--� Bortower and Lsnder rtwy apree In wrkinp, howsver, th�t Interest sh�ll be p�W on th�Funda. LsndM�h�M plvs to Borrow�r,
<br /> — wkhout oha►q, em m�uU accountlnp of the Funda, ahowhp credka ind debRa to the Funds�nd th�purpos� for whbh Mch
<br /> =�� d�bk to the funda w�a mado. 7he Funda ero pkdp�d aa addkbnal socurRy for aN suma s�cund by lh�S�curky In�trummt.
<br /> �--�-- II tho Funds hold by Lender exceed the nmount� permkted to be held by rpplicabM law,LancNr sh�N �cCOUnt to 5orrowar
<br /> }or th�acesl Funds in occord�nce wRh the rpukan�nts of appl�abk kw. If ih• amount of th� Fund� hNd by L�ncl�r�t �ny
<br /> tim� k not aufAobnt to pay th� Eactow Itans wh�n dus, Lend�r rru�y so notHy BortowK h writfnfl, and, in •uCh cu� Bortow�r
<br /> -__-_�� ah�N p�y to Lmdar the�mount necssa�ry to maks up ths defbbncy. Bortow�r shaM mak� up tti� dNbl�nCy fn no mon than
<br /> —!J twsNe monthy p+�ymsnts,at Lsndsr's sole dlscntbn.
<br /> - Upon p�yment h fuN of op sums secund by thls SecurRy Instrument, Londer shall prompty rofund to Bortow�r �ny Funds
<br /> --- held by Lender. If,under perapraph 21, Lendsr shall ecquke or sell the Property, LenWr, prbr to the�cquleRbn or saM of lhe
<br /> -"-- Prnn�rrv. ch■�eonlv anv Funds hekJ bv Lender at the tkne o} scqulsRbn or seb as a credk apainst the sums s�cund hy lhla
<br /> S�curky InstNmsnt.
<br /> 3. Appliaatlon of PeymenU. Unbss epplfcYble law provides otherwlsa, IlN paymMtts ret�NW by UndM undM
<br /> p�npnphs i�nd 2 sh�p b��pplUd: first, to �ny prep�yment charyas due under th�Nob; s�cond,to�mounts pay�bN unda
<br /> par�pr�ph 2;thkd, to Interest due;fourth,to princlpal dur �nd laat, to any yte ahRrpse dus und�r th�Not�.
<br /> 4. Ci1wQEi; LIl�s. Borrower sheN pty au texee, esseaamsnts, charpse, fin�s �nd knpotMbns attrbutabM to ths
<br /> Propety whkh rtu�y stutn prbrity over thla Securky Inatrument, �nd basehold paymsnte or pround nntt, M�ny. Borcowsr shaN
<br /> pay these obMp�tbns In the menner providsd In per�preph 2, or M not psld 'n that rrunner, Bonowsr shell pay them on tkn�
<br /> dincrty to tM person owsd paym�nt. Borrowar shall prompty (umlah to lender au not�C�s of smounta to b� pakJ und�r thfs
<br /> panartph. II Borrower makes these payments dlrectly, BoROwe► ehall prompty tumish to Lender rec�iptc evkionChp th�
<br /> pelym�nts.
<br /> Borroww shnll promptly dischrrpe any Ilen whfch hes priorfty over thls SecurRy Inslrument u�k�ta Borrow�r: (�)�qn�s fn
<br /> wrRlnQ to th�p�ymmt of th�oblip�tbn secur�d by the lien h a mannx acc�pt�bl� to Lsnd�r; (b) contosta in pood hkh th�
<br /> li�n by, or cMfends�painst enforcwnent of the Ilen In, lepal proceedlnps whbh In tha Lender's ophbn oper�ts to prw�nt th�
<br /> �nioresme�t ot ths Ilen;or (o)secures kom the holdsr ot the Ibn �n aprsement satkhctary to Lsnd�r subordln�tfnp tl»Iwn to
<br /> — thla Security Instrument.If Lendsr determines thet any part o}the Property �s subJect to e lien whbh rruy �ttah prbrky ovK thfs
<br /> SeCUrRy InstNment,Lendor mey pNs Bortower a notfce IdentMyinp the Ilen.Borcower shell setlsly the Ibn or tak�on� or mon of
<br />___.__ tha�ctbns sN forth abovo wNhh 10 days of the pHhy ot not�e,
<br /> 6. H�IZlf�1 or Property Inwrence. Borrowar shall keep the Improvament6 now exl5tinp or herNRer sr�Ct�d on th•
<br /> Prop�ty insurod ap�lnet bas by fke, ha:ards hcluded wkhh the term "extended cover4pe" and any other hmrds, Includlnq
<br /> fboda or fbodlnp, for whbh Lander requkss Inaurance. Thls Ineurence shall be maht�hed In the �mounts and lor ths p�rbdn
<br /> - that Under rpukse, The fnsurance carrfer provldinp the hsurence sh�tl be chosen by Bortower subJeat to Land�r'e �pproval
<br /> '°"�'— whfch shall not be unre�aon�by wkhheld. If Borcowsr falis to mohtaln coverape d�scrW�d abovs,Lendsr mey, at LandK'a
<br /> optbn,obt�ln covanys to protect Lenders rlphts In the Property h eccordanCe wkh panpraph 7.
<br /> --�_� AN Insuranc� pol{cks and renew4ls shall bs accepteble to Lender end ehell InClude a et�ndkrd m�rtp�es okusa. Lendsr
<br /> - -- -- ehall hova th�rfpht to hold the paibles and renewnls. Ii Lender requkes,Borrower shell prompty plw ro Lender all recepts of
<br />'� _-�a:�.,a pald promfums and renewal not�es. In the event of bss, Borcower shell pNe prompt not�e to the Insurance carrNr�nd Lender.
<br /> R�'=-°"'�'�d Lender may m4ka proot of bss M not mada promptty by Borrower.
<br /> � �;'� ' Unpss Londer and Bortower otherwlse epree In wrRhp, Insurance proceeds shell be applled to restoratbn or repnk of the
<br />=�r=r�;.A},���.' Property dam�psd,M ihe restaretbn or repak Is ecnnomlcalty feasible and Lender's securky Is not bssansd. If the rastoratbn or
<br />-;,;c•,-••Y-� rspalr y not economfcely feasfble or Lender's security would be lessened,the tnsurance proceeds shull be applMd to the sums
<br />�1� '�w,h seCUred by thfs SecurRy Instrument, whether or not then dud, wkh eny excess pnld to Borrower. If Bortower ebandons the
<br />:.rlS;:��::,
<br /> .�, Property, or does not answer wkhh 30 dnys a notk:e hom Lender that the Insurance carrler has otf�nd to s�ttk a cl�lm, th�n
<br /> '�•� ` ' Lender may colbct the insurence proceeds. Lender may use the proceeds lo repalr or restore the Property or to p�y sums
<br /> secured by thls Securky Instrument, whether or not then due. 7he 30�day perbd wlll beph when tha notbe Is pNen.
<br /> �i Untess Lander end Borcower otherw:se apree In wrklnp, any epplbatlon of proceeds to princlpal shell not extend or -
<br /> ' s� postpone tha dua date of the monthly payments referred to In pareprephs 1 and 2 or chanpe the amount of the p4yments, If =
<br /> �l� under paraqr�ph 2t the Prop�ty Is ecqulred by Lender, Bonower's rfpht to any Insurance polbles and proceads resukhp hom
<br /> r •�,,Q.�� damaqe to the Property prlor to tho acqulskbn shall pans to Lender to the extent of the sums by thls Securily Instrument -
<br /> I'�'A' knmedletety prbr to the acqulskbn.
<br /> �' � '4� 6. Occupency, Preaervatlon, Malntenence end Protectlon of the Property; Borrower'e Loan -
<br /> 1-L_ AhhllnNlnn• 1 u�whnlAa Rnnnwnr ehall nr.r.unv. aslahlLth. And 1158 th0 P�ODBfl4 fl5 Borcowers prfnclpal resldence wlthln -
<br /> � ^rr••--�"', - _
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<br /> s&ty days after the executbn of thls SecurRy Instrument anU shall contnue to occupy the Property as Borcowers pr�iclpal
<br /> resldance for at teast one year atter the dete of occupancy, unless Lender otherwlse eprees h wrnr+e,whbh consent shall not
<br /> � be unrea�onobly withhekl, or unbss extenuatfnp ckcumstances exlst whfch are beyond Borrower's control. Borcower shall not _
<br /> � destroy, dameye or knpqk tho Property, elbw the Property to detertorate, or commR weste on the Property. Borrower shall be In
<br /> defauR M any forfeRure ectlon or proceedtng, whether cfvll or crknfnal, Is beyun that In Lenders good lekh�udflment could resuR
<br /> In torteRure of the Property or otherwlse matarlaly knpafr the Ilen created by thls SeCUrRy Instrument or Lenders seCUrRy hterost.
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