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<br /> ' TQOETHER WITH eli the Improvemeats now or heroaftor ereated on Iho property, and afl oasoments, apRnRenancas, nnd �..
<br /> fbRuros eow ot hore6ftar a p8R ot lhe p�opertY.AII�eDl�aements and AQditbns shnli nlao bo aovamd by thls&�curity inatrumcnt. Y,
<br /> A4 ot lhe torepolnp 19�etetred to In thl�S�urity In84rutrK3nt aa iha°PrapsAy."
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<br /> • BORROWER C01fBNANTB tRnt Bonowcr N�13wNlty eeluid of tho estato horeby oonvoyad nnd hpa the rlght to grant and ..,_
<br /> . oonvey tho Propariy nnd that the Propnaty Is unenaum0erad, oxcopt br enaumbmncoa of reoord. eorrovuor wartante and w;n :,_
<br /> � • dotr�nd gc�namiy tho titb to tho PropeAy eQnh�t ea ctatrt►s and demunda, auD�act to nny cneumbrnnco� of roaord. �
<br /> THIS S�CURITY INSTRUMBN? eombino� unlform oovcnantu lor naponat uao ned nomunllorm covennnts with Iimltod � ��"�.
<br /> � vnrfationa by Jurlsdlatton to aonstiwte a unitoim seauriry inahument ooverinp roul property.
<br /> �� UNIFARM COVENANTB. Borcowor and Lendcr aovennnt nnd a�roo ae IAtlown: �
<br /> 1. Peyment o4�rinalpat e�d t�te�es4;PPOp�y�oc�t oc�d La4o CRerqea.�tenewcr ehntl,promptty pay whcn 1 �:_
<br /> due tha ►bolAsl of end btorost on tha dobt evidonaed by the Note end en�prepaymant and�ate oharges duo undor the Noto.
<br /> -� 2. �undo tor TaxQa end Insu�ranee�Subjeot to eppifcubb taw or to a wtitten wnMor by Londor,Dortowor oha��pny � ___
<br /> ;.:--��J:i• to Lc�nnder on th0 dsy monthy pnymants aro duo under tho Note, untA the Noto is patd tn NII, a aum("Funda")tav: (a) yenry f� _-
<br /> ����''"` tanos and assesaments whkh may attah pdor�/ over this Soourtty InsMiment as a tlen on the Properiy: (b) yaudy baseho►d
<br /> � •� :`'�' paymunta or ground renta on tho Proparty.H anr (o�Ye�►►{Y has�ard or propony insurance promlums; (d)yoarly tlood HSurenco
<br /> • premtums,H any;(e)yonrly mort�sg3 insurenea prambms�B nnY:n►►C(f) any aums payabW by BoROwor to Lendor In accordunco
<br /> • wtth tho prpvlsiona of paragrepb 8, tn I�u ot tAe payment of mortg�gs hsumnca pram�ms. Those ttems aro oatiad "Eserow �
<br /> � Items' Ler�dar may, at eny ttrto. colbot and hotd Funds In an emount not to exceed the mexknum arrtount a lender tor a
<br /> • tedaralry reintod rrtoRgugo Ioen rtwy roqutro br 8or�rowe�s oscrow uxount under tAe todaral Roat Estnte Setttement Prxeduras
<br /> � ;»,,, • Aot of 1974 as amonded trom t6mi to tYno, 12 U.8.C.@ 2501 ot scsq.("AESPA�)� untess artothet 19w that applfes to the Funds -
<br /> ""'•-' +i eota e bsser amount. It 80,LEnder muy.et any tVns, coCoot and hotd Funds h en amount�ot to exceod the bsser nmount. _
<br /> � '��``.`' k Londer moy est�nato the amount of Funds duo on the basb of current data and reasonuble estimates ot oxpondfturos of future _:
<br /> ��• �� Eaerow Items or otherwiae b acaordanco wAh apptleable taw.
<br /> •'�.� Tho Funds shuq be held h an institutlan whose doposNs era inaursd by e tederal egertoy,instrumenffiIfry,or endty Mok�d�+8
<br /> , �� � Lencior, It Ldnder ts suoh ars InatRuNon)or In eny Fedoml Homa Loan Benk. Lc3nEer ehali appty tha Funds to pay the Esorow
<br /> ltems.Lendor mny not ahargo BoROwer for hoidhg and appyh8 tha Funds. annualy snatyshg the escrow acoount, or veriiyhg
<br />-- , � Ihe Esorow Itoms, uni9sa Lender PaYs BorPOwar intorest on the funds and tspplicnble law permits Lendar to make suoh a
<br /> ohargo. Hovrover, LAnder may requtro Bonower to pay �on�ttreo oharge for an hdapandent real estate tox �apoRinB 6enrfco 6.
<br /> t, � uaed by Lendor {n oonneotbn wNN thb ban,unteas eppibabb Iaw provldes othanxiso. l7niess an agreement is mudn oi ___
<br /> npplkabte law requlres hterosst to bo pald,l,onder shaU aat be requlred to pay Bomcwe►any Interest or eaminps on the Funds. ---
<br /> �� Qorrower and Lender mey aqree In writhH� hottoYer, that bterest shali ba paid on the Funds. Lender shnii gNo to Borrower,
<br /> '. � wkhaut chnrge,an nnnuat eoaounthp of the Funds,showhg credHa and debits to tho Funds end tha purpose tor v�hloh oaoh -
<br /> AaHU to the Funds waa made. The Fundr�aro ple09ed as additbnai aeaurBf► tor atl aums seaured by the Seeu�tty InsWment. �
<br /> It tho Funda he►d by Lendor exceed tAe amounta p9rmitted to bu held by applicahle law,lender shap acaount ta 8orraurer
<br />��. �'� 1or the�ca�sa Funds h ncoordence with the requvemante of 4Qplicable law.It the amount ot tho�unds he:d by LOnder at any -
<br /> time is not suftfoient to gay the Escrow Items when due,Lender may so notiry Barower in wr(ing,and,In suoh aase BoROwer
<br /> r•,'Y,.";' ' shall pay to lsnder the smount rtecessary to make up the dansienoy BoROwer ehatl make up the d6flolenay h no more than
<br />-:-. `; w�tua mcnthty QaYments.at Lenders aob dfscreUon. ,
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<br />�;;;t; ��. URon payment h tuil of alt aums secured by thls SecurRy InsUUment,Zender snaA piim'�'ii$r ss�nd io Sassa�s an;�ts�°
<br />-�,,• r " " " held py Lender. If,undar paragreph 21� I.ende►shail acqutre ar sen the Property,Lendor.prbr to tho saqutsftion or sata ot lhe
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<br />�%_••�.-• ° � Propeity,shaii appy eny Funds heid by I.a�de►nt the tM�e ot eaquis[tbn or sale as a oredk agahst the sums seavrad by thl�
<br />%ii•..�.;:�t•jp `
<br />��_:. a, Securaty Instrumen�
<br /> -�,r•{?��;��•i 3. 1lpp11eMion of Raymenta. u��ss aaau�� �aw prov�aes othsrnise, all paymixtts �ac9'Ned bY � �under
<br />�:,�:ti•.f; ?^' ha 1 and 2 shelf ba epptled: ttst,to eny prePaYment oh�pes due under the Note;sacond,to nmauots payab
<br /> "�''���'�^•Y p�� rhs t duo;end last,to any tate chargos duo under the Note.
<br />�•�;Ar�n•. paragreph 2;third,to interest due;tourth.to p Ipa -
<br />'"`';'M.�„�1' ' 4. Cit�ges; LIERS. Bomower 8het1 poy ail te�xs. e�sesements. aharpes, fin�s and tmposki0ns fltMbutnbb to the __
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<br /> J��=�tir�;��,��� Property wh1eA may atmh priorlty over this SeeurEty Instru�ent,c�nd basehold paYrt�enta or pround rents,N any. Bortower shall
<br />=�.=;i:•'±�.,�'ib3� pay tttose ob:l�aUons fn the manner provbed In OareS►eAh 2, or M not patd b that menner. Bortower 3hatt pay them on thw
<br /> ;.�-.,—._.;� dtreotb to tho p3rson owod PsYmon4 Borrowar �g�oN'8arowot�ahaU proi►�AtNa'fumisih to Lender rece'qts evidertc�ttho
<br />�,i=�ta,.75�� par6grftph. It 8orrower makes these p3�nn[Nits
<br />�ti�►� Pt►Yments.
<br /> 8ortower ehall prompty disohargy any tien whbh has prbriSy over this Securdy tnsuumont unb5a Borrower: (�}agrees in
<br />=-� wrRhp to the payment ot thn ob7fyatbn aecured by tha�liEm b e mnnner eecepteble to Lender, (b)oontests b qOaO tdkh tho
<br /> --�aw�sra�i Uen by, ot d6bsnds egaNst entOrCflment of the IEen b. Isgtl proCeedhps whiCh b th8 t�t0ere oAhb»operatt►ti� p;avsnt tAe
<br /> ---- � onforc�wnent M Me ii0n;or(0)9ecu�s 4rom the hot�et of the Ilen are�nent 8a41�4aatory to Lsnder subordlnnthy tl�a tbn to
<br />----_--_---' N(s Secu�y instrument It l+entl0�detc�'�fnos ihat eny pert ot tho Propo�ly is 8uD�4 lo a Ilen whlah may attah prGorft�r over thts
<br /> �_��-- �cui;ty�nstrument,lends�may phre Bortower a notico►dentirytnp tho Iim. 8orrowEx ehaQ eatisy the llen or take one or more ot
<br />-��.�,z��° tho actkns set toRh abmve withh 10 days of tAa 9H��01 notioa.
<br />--^ `��� 6. H�m r d o r P e�p e r ry I n a u ro R C e. B o m o»�v s h a l t I c e e p t h e I m p ro v o m s n t s n ov�e�th�or heroaRer oreated on tho
<br /> _--�A-"4� ProP�Y „5ured a8alnst bss by :ire� Ite�Td9 BROIIdBd W1thM Lh0 te(111"6%t9�lded COYCi!'fl90�9TId eflY Ot118f hYIAtd9� hQp)dhQ _
<br /> �;��_�,�; t(oods or tlr���hp,tor whbh Lender requi�s Inauranee. Thts htturence ahatl be mahtained in tha emount�and tor Ma p�+toda -
<br />_-_-_- _:�°� tt�at ta�i��oru os. T�s:s:.�sr..s�cs� 0����^S!Me haurenae shiA be ehosen by 0omowet sub�eot to tandere eaprova�
<br /> - -___-- - wHf�b st►a0 rtat tra unr�asonaDy wROheld. N eomo�wer fails to ma4iW�i wvtrcSa dwc�3r.;s1 el►ova.�c�cs�may.m i.cn�r a .
<br />-_�--��� optton,obtah aoveraya to pr�tact Lende�'s�ca h tha Praport�r in uacad�tnce wih para9raAh 7. `
<br /> ��-,�� AII hsuranee poNofos en4 renewals shao bo acct��a'bb to lsnder end ahaq hctude a etandrud rnaRg�II�ctuun►. Lendor
<br /> shaU hev0 Me dght to hob Me poCCies and renewa�s. it t.endEx ro�utes. 8orrorra ohaU prompNy Otve to t�ender a8 recefpts of
<br />`-�-`-r<�� p a i d promi�ms and�nawat notices. tn tho ovent ot ioss.Borrowa sl�aG gNa prompt notfco to tho hsurance car►iar and t.ander.
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<br /> �;;*.:',-�..--�.. Land�x rtutY meke proof of bss it rtot ma0o p►omPttp bY Borrower.
<br />=`;"r^�;;.`�:,;� Unbsa Lendor snd Borrower othawt�e eg�e tr►art@hp,hsumnce proceeds ohaU tre aPPlied to resto�tion ot repatr of the
<br />,.,.;:,;��;, . " ProP�Y�9�.k the�sDOr�Hon or repatr Is eeonomionRp icm3bia end landers socuaUY ts rtot lossensd.If the rostoradon or
<br />=;��;�,y',, ''��°��� �epaM M nat economiaally taos�lo or Londers cc�cur@y would!to bsr�ned.Ne hsur�tnCO Psoc6ods ehaN be aPalin�!M ths aums -
<br /> �'.;.,'°;�•.;';,.:� socured by tfits Secur�y MsAumonL who.har or not then duo. wRh any a�ass pald to Bo�rowe�. t} Borrovra absrs9an�tha
<br /> .` .. . Propc+4i�or doos not ae►awcr vrUhtn�Qays o aotice irom I.ernda�Mst tho t►surcue�e cerrie►haa ofOa�od to seab a clnrn.M9n
<br /> -�:;� � I .�. Lcw�6ar m.�Y cctloot the 6�aure�cao P^��. Londar muy uso No procffads to reRak or rostoro thm ProD�Y or to Palr s� -
<br /> -- - • . �. aocurod by thES SecurRy Instrurttnrtt�wRatAc3s ar rtot then d¢�. Tho 30�Ear Parbd wBl be8ri whan the noitca is p!ren. --
<br />�: ' . � Unbsa Londer cnd Bmrower o t haw�o a g� h w�t►n g. eny eD9llcatlon o! proeoeds to pdnc�pal chtl no1 c�octsnd (f =
<br />_ : �- postRono tho �e date of the monthy paymente�etert�d to h 08re�re0hs 1 and �ot CAanpo tNe omount of ttm pa�
<br /> - �i, andor pa�ay�h 21 the Propert�l b acquYod Dy Lender. Borrowors dpht to any hsurence Oolktes and procoeds�netrument -
<br />- -.�"'' � domaaa to tP�e Promnv Drbr to the acqulstbn ahatt pasa to tsr4da to the ext�nt of the aums by this Securfiy
<br /> _ --s_ immadlaYey PAo►to the flcqufs�ion. BOtfOlKei'd L03Q -
<br /> siti
<br /> . _ ° .:*, �. Occupe�ney. �roservetton. Malnteflanc� aad Pro�ctton sf 1fie R��tf►: =
<br /> _ . qppilcatEon; Leas�lwlde. oorrower snnn oca�ay,es�eesn,and uso th�Pmpert�►ea Barrowere Prhafpat rma�tcc+r+khh _
<br /> " oDAy days atter Mo e�aeoutlon of lnis SocuA�r insL�anmt and sha8 corethue to ocCttpy tho P+rope�ty as 8ortowere Prinepal _-
<br /> ` � y �wr1lMp�whiah conaent oPuB not =°
<br /> � � residenco tor nt ieust ono yoar atta the dat�04 xcupancy.unksa l�ender otRenrtse eyrees w 1n =
<br /> be unma:.onabry wRhheld.or unlass exte�+uallne ctcamatancas e�ist whlch a�b¢yond 8ar►oa�e�'e co�rol. Borror�r ehail noi _
<br /> dogtroy,damepe or Mpatr tha Frope�ry.aUow tho Propeit�r to Qexrbrete. or commtl waste on tha Propat�r•t3ortowe�BhW Ce h _
<br /> - • .. �oRoRure o!the Rroi�ar otherurLsedrttataria�h'RPalr tho Nn�croated b thL•�Secu►kY insWmant ortlnndere�e�curit�►Intore tR
<br /> ' � Ptp�0 ot 6 � � _.
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