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<br />_ , `��''. +:� . � TQ(iETHER WITH all Ih• Improvemsnta now or hereafter erected on the property, end all easements, eppurtenances, and =_
<br /> �� � Ihctursn now or hMMflsr �p�rl o}th� property. All rep4�csmnnta�nd addRbne shall also be covered by this SecurRy Inetrum�nl. ��
<br />-• • t!F All nf th�fnrpofnp It rohrnd to fn lhls SecurRy Inetrument rs the"Property." �j°
<br /> ' BORROWER COVENANTS that Borrcwer Is 4wfuly selzed ol the estate heraby conveyed and hes the rfpht to prant and �_.
<br /> � c�nvey th• Property uid thst th� Propsrty �S unsncumb�nd, exCSpt for encumbrances of rscord. 9ortower warrants and wiu (0 —_
<br /> .�t . dofMd p�nsr�NY th�tMM to the Property e0ahat��I c1aMa �nd Wmandtt, subJsat to eny encumbrences ol record. � �-�_
<br /> � THIS SECURITY INSTf�UMENT combin�s unNorm cownanls for national use end non-unMorm covenants with limked �__
<br /> ` varktbne by Jurlsdbtbn to conetRute� unMorm s�curRy Inatrument coverhp real property. � �;�;
<br /> . � UNIFORM COVENANTS. Bortow�r�nd L�nct�r covsn�nt and aflree�s folbws: =
<br /> ;� 1. Psyment of Principal end Intere�t; Prepayment end Lste Chsrye�. Borrower shnll promptly psy when
<br /> due the pr{nc�psl of and interesl on tha cfabt ovldonCOd by the Noto nnd sny prepayment end lete chflrges due under the Note. '�W' e_�
<br />�►. . 2. FUI1d• 10P TAXE� and Insu�ance. SubJsct to appHcebk law or to s written waNer by Lender, 9orrpwer shall pey �
<br /> � to Lender on ths day monthy pwymenta �rs dus under th� Note, untll the Note Is paid h full, a sum ("Funds")for: (e)yeary �
<br /> �°� taxes and ae6ea9ments whk:h mpy ntt�h prbrky over thh Securky Instrument BS a Ifen on the Property; (b) yearly basehoid _
<br />-,. - payments or pround ronts on the Properly, M any; (c) yeuy huard or property insurance premfums; (d)yearly flood insuranc�
<br /> -�� - premfums, M eny;(e)y6ery moApaOe Insurance premfums. H any;and (f)any sums payable by Borrower to Lender in accordance
<br /> �� It'ams�he plendernmay' atranytime, ollect andth oldayFunds inman amountsnot to exceedmhe maxknumeamount fll{endersC�row�
<br /> federely related mortqape ban msy requke for Borrower's escrow account under the federal Real Eatste Settlement Procedures
<br /> Act of 1974 as amended hom time ta tlme, 12 U.S.C.@ 2601 et seq. ("RESPA"), unfess anothx law thet applNfs to the Funds
<br /> sets a bsser smount. I} so,Lender may, at eny tkne, collect 1nd hold Funds in an emaunt not to exceed the lesser emounl.
<br /> Lender may estknate the amount ot Funds due on the besis ct current data and reasoneble esttmates uf ezpenditures ot future
<br /> �" Escrow Items or otherwise In occordance wlth appibable law.
<br />°� _ ' ''r The funds shall be hetd h en hstkutbn whose deposfls ere fnsured by e fedaral aqency, hstrumentelRy, or entky (hcludYp
<br />�,+� Lender, H Lender Is euch sn instkutbn)or In nny Federal Home Loan Bank, Lender shall apply the Funds tu pay the Escrow
<br />- ItOms. Londer may not Cherfle Bonower}or hokllnp snd appfylnp the Funds, annually enelyzfng the escrow account, or verifyiny
<br /> ^' the Escrow Items, unfess Lender pays Bonower Interest on the Funds and applbahle law permks Lender lo make such a
<br /> .~� � aherpe. Howaver, Lender may roqufre Bortower to pay e one�lime charge for an hdependont real estete tax reportlnp serv�ce
<br /> ' used by Lender In connectbn wRh ihis loan, unless appifcebl9 law provides otherwise. Unless an apreement fs m�de or
<br /> y• appl�able law requkes k�teresl to be paid, Lender shall not be requked to pay Borrower eny interest or eaminqs on the Funds.
<br />`� `:' '��� Borrower end Lender may spree In wrkinp, however. that Interest shell be paid an the Funds. Lender sh�ll pNe to BorcowK,
<br /> � ' wRhout chsrQe, an annusl accounthp of the Funds, showinp credRs and debits to the Funds and the purposs for whfch each
<br />=�'�"`:`4� , debR to the Funds was madn. The Funds ue pbdp�d as QddRbnal securRy for eN sums secured by the Securky Instrument.
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<br /> • If tho Funds held by Lender exceed the amounts permRted to be held by eppltcabfa 4�w,Lender sh�ll account to orcow�r
<br /> �'�� • }or the excess Funds In accordance wRh ths requkement3 of �ppllcable law• If the amount of the Funds hsld by Lend�r at my
<br /> ' tkne Is r�ot suttblent to pay the Escrow Items when due,Lender may so notMy 9orrower in wrRing, and, in euch cass Borrower
<br /> ., ' shell pay to Lendsr the amount necassary to make up the deficbnoy. Borrower shall make up the ckfbbncy In no mora tlun
<br /> � tweNe monthly payments,at Lender's sob discretbn.
<br /> Upon payment In full of ell sums secured by this Securky Instrument, Lender shall promptly rafund to Bortower eny Funds
<br /> ��`"'"`� '" held by Lender. It,under parayraph zt, LBf10Ef S�RII 9CquNef iN yir��tii8 ���M�~7� �w��'��^•rlVr tn �ha nriukkinn o�sal9 of�he
<br /> �F" Property, shall epply any Funds held by Lender at the tYne ot�cqulskbn or sele as a credR apainst the sums se�cured by this
<br /> f,:• .�:. SecurRy Instrument.
<br />= • ?-�' 3. AppllCat1011 of Peyments. Uniess applic�bb Yw provides othsrwVse, ell payments receNed by Lender under
<br />=:f�tf,��'• •~:^ peregraphs 1 and 2 shaH be applfed: fkst, to eny prepaymsnt charpes due under the Note; second,to amounts payeble under
<br /> ���'•'��`i�"��`' paraqreph 2;thPd, to {nterest due; lourlh,to pnc�lpal due;end�zt,to�ny late charpes due uader the Note.
<br />'µ;''��;�,j' 4. Che�yes; Liens. 8ortower shall pey all texes, �sasasmsnts, cherpes, ihes nnd knposRbns attributa6b to lhe
<br /> ' ',^. Property wh�h may attafn prbrky over thfs Securky Inatrume�t,and basshold payments or pround rents, M any. Bonower ahell
<br />�� `e"r pay these oblipatlons fn the manner provlded In pu�pnph 2,or M not pnid h thet manner, Borcow�r shall pay them on time
<br /> � �"� ��%� dkectry to the person owed payment. Bortower�hall prompty fumish to Lender all notfces ct amounts to be paid under Ihis
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<br /> , ,, parapreph. It Borrower makes these paymants dfrectty, Bortower shall prompty fumish to Lender receipte evidancinp lie
<br /> �.�°�•..,.rnr . psyment6,
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<br />_:�J, -, ,., Borrowar 6ha11 promptly discherpe any Ilen whbh has prbrRy over tf�is Securky Insirument unless Borrowx; (a)a9re�e
<br />--:.�r;�,� wrRiny to tho payment ot the oblipatbn secured by the Ibn B a manner scCeptsble to Lender; (b) contests in �aod feRh Ihe
<br />- - ` ' Ilen by, or detends apnh6t enforCement of the Ifen In, bpsl proCSedinps which h the Lender'6 opinbn opsrate to prewnS ths
<br />- �`��� entorcement o1 ihe Ibn; or (c) secures hom the holder ol the Ilen an aqreement satlstactory to Lender subordinetinp the lien to
<br /> .��i`�:.�'�'� this SecurRy Instrument.If Lender determines that any peR ot the Property Is subJect to a Ifen whfch mey attain prfority over lhis
<br />-3v ,�?(;i.`. SecurRy Instn�msnt,Lender may qNe Borrower a notfce IdentHyinp the Iien. Bortower shall saUsfy the Ifen or take one or more ot
<br /> ` �;t',•„Y, the ections set forth above within 10 days oi the qNinO af notke.
<br /> a'. 6. Hazsrd or Property Inwrance. Borrower shatl keep the knprovements now oxlstlnp or hersafter ereCted on the
<br /> ""• Property fnsured eqainst bss by Ike, hazords hcluded withh the term "extended coverage" and any other hazards, Includhp
<br />';,4•' �; .�,Y Iloods or flaodhp,tor whbh Lender requkes insurence. 7his hsurance shall be maintahed h the amounts and for the perbds
<br /> - that Lender requkes. The InSUrence carrier providfng tha Insurance shall be chosen by Borrower subJec:t to Lender's approval
<br />_l�`:�j,:. , whfch shall not be unreasonabty withheld. If Borrower feYs to mafntaln coverape described above, l.ender may� et Lender's
<br /> *��"'"`": optlon,obteh covereqe to protect Lenders riflhts fn the PropeRy In eccordance wfth pareflraph 7.
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<br /> : „ All insurance pol�les end renewals shell be ecceptab{e to Lender end shall Inr.lude a standerd mortpepe clause. Lan er
<br />,�.1.~"' " shall have the rpht to hold lhe polfcles and renbwals. It Lender requkes, Borrower shell promptly pFre to Lender all recoipls of
<br /> psld premlums end renewal notfces. In the event of loss, Bortower shall qNe prompt not�Ce to the fnsurance canier and Lender.
<br /> Lender may meke prool ot bss N not made prompt�y by Borrower.
<br /> " Un{ess Lender and Borrower otherwise egree in writing,Insurance proceads shall be applied to restoretbn or repek of the
<br /> � Property dameped,M ths restoration or repek Is economiCally leasible end Lender'S securRy I5 not�essened. If the restoration or
<br /> � repak is not econom�ally feasible or Lender's security would be lessened, the hsurance proCeeds shall be applfed to the sums
<br /> i secured by thls SecurRy Instrument, whether or not then due, with any exCess pald to Borrower. 11 Borrower ahandon5 the
<br /> Property, or does not answer wRhin 30 days e not�Ce Irom Londer that the fnsurance cerrfer has oNered to settle e ckkn,lhen
<br /> � Lender may collect the insurence procoeds. Lender may use the preceAds to repafr or restore the Property or to pay sums
<br /> ` � secured by this Security Instrument, whethar or not then due. The 30�day period wlll bepin when the notice is piven.
<br /> Unless Lendsr and Horrower olhenvise agree in writNp, any applicatbn ot proceeds to princlpel shall not extend or
<br /> postpone the due date of Ihe monthly payments reterred to h paragraphs 1 and 2 or change the emount of the paymenis. It
<br /> 5� undor paregraph 21 the Property is ecquked by Lender, Borrower's rlght to any Insurance polbles end proceeds resuRing Ir�m
<br /> , damage to the Property prlor to the ecquisition shall pass to Lo��der to the extent ot the sums by this Securky Instrument
<br /> __._.I Immediatelv prior to Lh0 e�cqi.isition. _ ..____..,... e.,.......�.�. i��n
<br /> 6. Occupency, Preservetlon, Meintenence and Yfoieciiori oi ii�� r�vr��y, ..•..�••-••••• - ----••
<br /> Appllcetion; Leaseholds. Borrowor Shell occupy,esteblish, flnd use the Property as Borrower's principal residenCe withln
<br /> sbcty days aftor the execution of this Security Instrument end shell continue to occupy the Property es Borrower's princlpel
<br /> resldence for at least one year eker the dflte of occupancy,unfess Lender otherwise a0rees k� wrking, whbh cansent Shell not
<br /> be unreasonably wfthheld,or unless extenuating circumstances ex(st whwh are beyond Borrower's Cantrol. Borrower sha�not
<br /> dostroy, damage or fmpair lhe Property, allow 1��6 Property to doteriorete, or commit waste on the Property. Borrower shall be in
<br /> defauR if any lorteiture nction or proceeding, whether cNil or criminal, is begun that in Lenders good fAith Judgment could resuit
<br />- I In lorleiture ol the Property or otherwise materially impak the lien created by this SeCUrity InstrumHnt or Lenders seCUrity interost.
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