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<br /> - __ . TOGETHER WITH all th• Mprowm�nts now or hK�Rer �ect�d on the prop�rty, and dl e�sementa, �ppurt�n�ncss, and
<br />'�°"''9'�� fbclures now or hsrsalt�r e part of the propsrly.All rplac�W�nd�ddRb�s ehall alao be covered by this Securky Inatrumenl•
<br />---"�y`'�''• • AM of th� torpo�np is rofert�d to in lhfs S�curky InslnMr►�nl�a th1 "Proputy." ---
<br /> "' '• BORROWER COVENAN�'S that Borrow�r h N►wN�hl selzsd of the estate hereby conveyed and hes the rlght to prant and =_.
<br /> �' � ,:;.•' convey the Prop�ty nnd that the Property Is unencumbxed, except for encumbrencea of record. Esorrowx wnrcanle and wu �
<br />`"�5'4.;; delend p�na�lly chs tRM to the Property apehet all cYYnu�nd demands,subject to eny encumbrances o1 record. �
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<br />--. . TH13 SECURITY INSTRUMENT combhea unNam covenents tor natlonal use and non-unYarm covenants wRh Iknite '
<br /> !�` `� vuiatbns by Jurhdfctb� to constRute a unHorm aecudy i�slrument cove:fnp reel property.
<br />_:�'��:�;�•`;'• UNIFORM COVENANTS. Bortowsr�nd Lenclertoven�nt end ayree oa fallowa: I+
<br /> "' '' �.:z� 1. Payment o4 PNncipel end Intereat;Prepeyment end Lete Chergea. Bortower shall promptly pey Wne� � __
<br /> �'`='��r due the princlpsl o}and interest on ths debt evidenced t�y the Note end eny prepayment and late chnrpos ilue under tha Note. � r-
<br /> � 2� Funds far Texes end Insurence. 51k1eCt to applb�6le Inw or to a wrkten walver by Lender,Borrower shnll pey O
<br /> =�� to Lender on the dAy monthly payments are due under ihe Note, until the Note is paid in IuN, a sum ("Funds")tor: (a) yeary �
<br />::� tezes �nd essesaments whbh may attah prbrRy over this Securky Instrument es a Ilen on the Property; (b) yearly leasehold �
<br /> p�yments or pround rents on the Property, M eny; �c) yearly hnzard or property hsuranco premiums; (d) yearly flood hsurance
<br /> � j:°��;� premiums, tl any; (e) yearly mortgage �nsurence prembms,H any;and(n any sums payable by Bortower ta Lender In accordance
<br /> .•,� �� wNh the provisbns ot pareqreph 8, In Ileu ol the ayment of mortgage Insurence premiums. These kems are called "ESCrow
<br /> � Items' Lsnder mny, at any ►kne, collit�cct and hold Funds in an amount not to exceed the maxfmum amount a lender for a _
<br />,�`.-�4;:'�;,`' federaly rekted mortpage loan may roquke for Borrowar's escrow eccount under the federal Real Est�te Settlement Proceduros
<br /> ��s-�:;";;. Act of 1974 as amended hom tlme to tkne, 12 U.S.G� 2801 et seq. ("RESPA"), unless enother kw th�t applbs to the Funds
<br />-:_��>,,�„A s�ts a lesser amount. It so, Lender may, at�ny IYne, collect and hold Funds fn an amount not to excesd the les=er amount.
<br />:� x`��• ' Lender may estknate the emount of Funds due on Ne b�sis of curtent date end reasona6b estNnatas ot expendkures of luture
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<br />- •. ..�E_ Escrow Itema or otherwise In �ccordence wRh�ppNC�ble kw.
<br /> �=���• Tha Funds ah�ll b�hsld In en InatNutbn whos�d�pofRs u� fnsund by�fsd�nl�p�ncy, initn�mentalky, or entfty(bcludlnp
<br /> -`_=4;:� Un�r, H Und�r b wch �n hstkutbn)or fn�ny Frd�rU Horn� Lo�n Bank. L�nd�r ehaN�ppry th�Funde to p�y th� Escrow
<br /> -..•; ,: IlKns.Lond�r m�y nol oharpo Borroww for hold�p tnd appyhp the Fund�,ennu�ly �n�y:h9 th� �scrow occounL or vsrMyinp
<br />'�_�':,�,+•;k iM Htcrow I:�ms, unl�t� UndN pay� BonowK Nt�ral on th• Fund� �nd app!b�bk kw p«mk� L�ntNr t� rrwk� such a
<br /> ,:�t4�;; ch�rp. HowwK. L�nd�r rruy nquln BorrowK ta pay � ontlfrr� chup� Por �n hd��nd�nt rKl ��taf.� lax nporthp s�rvk�
<br /> ulad by Lmd�r In conn�ctbn wNh thls b�n, unMfs �pplb�bla yw provid�s oth�rwl��. UnMfs �n AprNrr�nt N mad� or
<br /> '_ti�;,�� �ppllc�bl� Mw rpuka IntKist to b� pdd, L�ndK�haU not b�r�quind to p�y 8orrow�r �ny IntM�st or Mminp� on th• Fund�,
<br />= �f','� Borrow�r �nd L�nd�r may �prN In wrkhp, how�vM, th�t Intor�st �hall bs p�ld on th� Funds. L�ncMr sh�N plw to BorrowK,
<br />='-:�.;�.�-� wMhout Chup�, an annu�l �ccountlnq of lh�FundL showlnp cr�dNe �nd d�bks to th• Funds �nd th�purpos� for whfch pch
<br /> ;� d�bk lo th�Funds w�s rr�ds. Th�Funds �n pl�dp�d u�ddAiond s�curky for aN wms s�cund by ths S�curky In�trums�t.
<br /> -p;�� If th�Funds h�ld by L�nd�r �xcMd lh��mounit pemRt�d to b� h�ld by �pplb�bk yw, L�nder ehall�coount to BoROwK
<br /> ;_?''�� lor th� excsas Fund� fn �ccordana wRh th�nqut�nents of�ppl�c�bk law.If the amount af th�Funds hNd by L�ndu �t my
<br /> �---,- :-' time h not suflblMt to p�y th� E�crow It�me wh�n due,Lsndu nuy so notMy Bortowsr in writkp. end, In such c�se Bonower
<br /> �-"_,_�ts: shall pay to Lend�r ths �mount n�c�at�ry to make up ths dd�lsncy. Borrower shall m�ke up Ihe d�fbMncy h no moro th�n
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<br /> tweN�monthly p�ymaits,at Lsndsr'e soM discretbn.
<br />---= r. ii��� naym�t In tull ot dl nums securad by Ihis SecurRy In�trument, Lendx ehall promptly refund to Bortowx any Funds
<br /> ���.� held by Lender. II, under persyraph 21, Lender sfu�� acquke or s�Y the Property�Lentle�,prlor lo tn�acquisicivn or suia oi t��a
<br /> -�'�'���� Propaty, shall appy any Funds held by Lender a11he time af acqulskbn or sale es a credR aq�hst the sums secursd by thfs
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<br /> -�-`'"�`� Sscurky Inetrumant.
<br /> -�=�++�� 3. Appllcation of Pe�ymenb. UnleSS Wpib�ble �w provides otherwlse, ell pl�ymmts nC�iwd by L�nder under
<br /> � ��! psrapraphs 1 and 2 shell be�pplted: first, ta any prap�yment chorpes due under tha Note; socond,to amounts payabb uader
<br /> �-�=,�,�p�� perapreph 2; third,to interest due;fourth,to principd due; and last,to any kte charpss dus under th�Note.
<br /> -;�;_;�„�,g� 4. ChA�QES; LIlf18� Bortowx shdl pay UI taxas, ossessments, charpes, fln+s and impoekbns attributabk to lhe
<br /> _lYy.������ PropertY whbh may attllfn prbrMy over this Securily Instrument,and leasehold payments or pround r�nts, H sny, Borrowsr ehall
<br /> pay these oblfpatbna In the manner provided In puapreph 2,or R not paW In that manner, Borrowx ahtM pay them on tkne
<br /> -'�'"-'��� directy to the person owsd paymsnt. Borrower shdl prompty fumish to Lender all noticea of�mounts to be p�ld under thls
<br /> -_`a"-�? paropraph. It Borrower makes these payments arecty, Bortower shall prompty tumish to Lsnder recsfpts evkkncinq Ihe
<br /> ---�=--°? paymMtts,
<br /> _---- � Borrowsr shall prompty discharpe any Ilen wh�ch has prbrRy over this Securky Instrument unbss Borroww: (�)aflraes in
<br /> -- ,�•�� wrkln0 to the payment ot ths oblipetlon secured bY the Ibn In a mannsr accspt�bk to Uncl�r; (b)Cont�sts h qood fakh Ihe
<br /> -_- -T -^��a Ign by, or defends apafnst entorcement of the If�n M, bpal proceedinqs whbh h the L«iders opinbn opsnts to prwsnt lhe
<br /> ---°"""�'- enforcement of the Iien; or (c) secures hom the holder o1 the lien an agreeme+nt saHsfactory ta Lender subordinatinq the Iien to
<br /> --- -- _-- this 5ecurRy Instrument.It Lender determfnes that my pnrt of the Property Is subJect to a Ikn whlCh may attaln prbrity over thia
<br /> -_--_���� Security Inatrument, Lander mey ptve Borrower e notice Wentlyinp the Ifen. Borrower shall satisry the iien or take one or more o}
<br /> -='-""- Ihe octlons set forth above wRhfn 1U days ol the p�iny of nolfce.
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<br />_;;-,��,,`r�� 6. Hezard or Property Inaurance.Borrower shell keep the knprovements now existinp or hereafter erected on Ihe
<br />-' =_=-r Property insured epehst loss by fire, hazards inchdod wRhln the term "extended coverege" and any other hazards, includhp
<br /> -"��� ibods or fbodhp. for wh�h Lender requkes insurmce. This hsurance shall be mehtalned fn lho amounts and for the periods
<br />�,b"�"�:�.-�»'r�� lhat Lendsr requkes. The hsunnce carrfer provid'ov the insurancs shell be chosen by Borrower suh�ct to Lenders approval
<br /> '- --�---`�� whfch shell not be unreasonnbiy wfthheld. If Borrower feYS to mahtain Coveraqe descrWed�bovs, Lender m�y, at Lendor's
<br />- � +i optbn, obtafn coverage to protect Lenders rphts h the Property h accordance wRh parapraph 7.
<br /> '��,-~` All hsurence pol�les end renewals sheli be�cceptable to.Lender and shall hclude a st�ndard mortpa{�e akuse. Lender
<br /> ���:' sha�have the rfpht to hold lhe polbbs and renenals. It Lender requkes, Bortower shall promptly pNe to Lender all rec8ipts of
<br /> -:•.�.c.�.�r:.. •
<br /> : �.�, . pald premlums end renewfll notbes. In the evenl of loss, Borcower shall qNe prompt not�e to Ihe hsurance cartlar end en r.
<br /> • • Lender may make proo}of bss H nat made promply by Bortower.
<br />'�'� •� �� Unless Lender and Bortower otherwise aflrer h writinp,hsurence proceeds ehell be applied to restoratbn or repak of the
<br /> Property damaqed, H the restoratlon or repalr Is xonom�Cally leasble and Lenders securky Is not lessened. If the reatoratbn or
<br />. rdpak Is not econom�ally feasihle or Lenders securfty would be lessened,the Insurer�ce proceeds shnll be appl{ed to the sums
<br /> � g' secured by thls Security Instrument, whether or nat then due, wRfi eny excess paid ta Borrower. If Borrower ebendons the
<br /> �r Property, nr does not answer wRhh 30 days a notlCe from Lender thet the insurance cBrrlBr hfls oHered to Settle a clakn,lhen
<br /> • Lender mey collect the fnsurance procoeds. Lender may use the proceeds to repaM or restore the Property or to pay sums -
<br /> � secured by this Securky Instrument, whether or not then due. The 30•day period will bepfn when the notlCe Is pNen. _.
<br /> �' . Unless Lender end Borrawer othervvise apee In writfnp, eny application ot proceeds lo pnc�ipal ehall not extend or
<br /> • �� pnstpone the due date ot the monthly peymentsreferted to in paraprephs 1 end 2 or chanpe the amount of the paymenis. II
<br /> . . under paragreph 21 the Proparty is ecquked by lender, Borrower's rfpht to any insurance pol�les end procesds resukinp Rom _
<br /> � � damage to the Propeny prior to the acqul5iilon shall pass to Lender to tho extent of the sums by thls Security Instrument
<br /> . ____•'_ . .
<br /> t.....�..dla�nlv nrinr fn fha ar.nulAklon.
<br /> ...__ _._"--_- - - .......__._"'. r_._. .' ' '
<br /> ' 6. Occupency, Preservatfon, Meintenence end Protection of the Property; Borrower`a �oen
<br /> ' Applicetion; Leeaeholds. Borro�ver shall aeupy, estebllsh,and use the Property es Borrower's pnc�ipal residenco withln
<br /> si�y dflys eRer the execution of this Secur{ty Instrument and shall cenlinue to oCCUpy the Property es Borrower's pnc�ipal
<br /> residence for nt least one yanr eker the date o1 xcupancy,unless lender otherwise egrees In wrRhg, whbh consent shail not
<br /> " be unreasonably withheld, or unless extenuat�ng tPcum,tancos exist which are beyond Borrowor's control. Borrower shall not
<br /> destroy, demage or Impair the Property, 611ow theProperty to deteriorete, or commft weste on Ihe Property. Borrower shall be in
<br /> delault if any fortekure action or proceedfng, whethar cNil or criminal, is begun thet In Lender's good fakn Judgment could resutt
<br /> in lorfeiture of the Property or otherwise meterlali�impair the Iien created by thi,Securfty Instrument or Lender's seCUrity Intarest.
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