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<br /> •� •. T�F1� WI��H ��IIN Yf�OMMIMfIb IIOW fK hMMM1 M+�OI�d 01)fM pfO�IMI�I� Na �M�'��M. �Ild
<br /> � � now a hw�dlw�ppt d th�popwty.A npMorn�nb�nd�ddtloro�f W da b�aovw.d by tl�l.Y�aNNy InsonnMnt,
<br /> All al 1M lonwahq M t+hrt�d fo N this B�nrRy NtEmnw�t a tIN'PnopMty.'
<br /> BORRdWEE� COYENANfl tlW Sonnww N MwMily s�hnd d 1M �Wb hwby ao�w�y�d md hu th�dpM b p�nl �nd
<br /> ooevy th�PrapAy�nd th�t fh�P►op«y �i uMnarnb�nd� �xaM to►�noiwnbr�►oM ol noord. 8araw�r w�nrNs md w�
<br /> dMmd pMflriAy 111�lill�to 1M Propwly�prYu1 Y aMNM�nd dMrwitM,wbJ�nl b any�nawnb�noM ol noard.
<br /> ' �. rHIS eECURmr �N91AUMENr ooiw�in.. w�lrom, oo,un.na ro► �aonal uM .na non�unNonn ooi►wwnts wNn wnYa
<br /> � wrrllom b�r lu�kaalbn to oan�tiWt��unMann ua+dty Inswn�h oovwk�p►MI propMty.
<br /> � r UI�dFORM COVFNAMB. Bortoww md L�ndu aovwunt and�pro u fobwr.
<br /> • r...�`�:. i.Paym�nt of P�inolpal and Inl�ryt: P�p�nn��t �nd Lat�Char�. Bonoww.h�prompuy pay w��n
<br /> - . �.x14�r��. �'! dw th��t,,o�I ot md InUntt an Ih�drW�vldme�d by th�Nat��nd mY P►�P�Y���!I�U ohWpn dw undw th�Not�.
<br /> . ''�::�r . 2. uF nds 1'or Tax�s�nd Inwrana�.BubJ�ct w appto.bt.�.w or to■wdn.n w.lv.r by l�nds..6onowr sh�M p.y
<br /> �` :�;,,r,s,.,;; ? w �.ndw on u�.d.y momhN wr�+�a w du.una.►th�Not�,un1N th� Not�a pMd In fuM,�wm ('Funda•)lar: (�)Y�N
<br /> � :: .. .: . ..:,,, �: wa. �na .....m,rna whion nny .n.w� plodlr ovw this s.outMy In.wmmt .. . wo an th. Prov�r ro) rw+N bu.had
<br /> ' '' '�• � p�ym�nb or gound nnte on th�Pro�ty. If�ny; (c1 YwtY NmM a propwty bw�ca Pr�Yuns: (�Y�rN Aood Inwnina
<br /> �. ii�,:,'.. .,•,,:..� mo�t Nwrana�pmr�Wm�.N�n �nd(f)�n wrr�pay�bb by Barowr to Lmdw b�coad�nc�
<br /> .. prwniunn.M�nY:(�)y�N 9�� Y Y
<br /> .�+:�3:+�'`� �r, ��'`:. wMh tM provLlons d panpniph 8. in Aw� 01 tM p�yrtw�t ol matp�p�Inwmnc� prwnfums. Th�se H�ms �n a�N�d 'Escrow
<br /> �`�?�.�•:.�'�`'h". Itan�.' L�ndK nwiy. Rt�ny Nn�. aoN�at md ho{d Fund� In a� �mount not to uccMd iM nrxMiwim iunouM�Nndr tor�
<br /> i��y�I�t�d mortp���Iwn m�y nquin lor Honowr'� aaow�ecount undw th�t«Mal RMI Estat�SdU�nMnt Praud�x�s
<br /> �� ,-�"-;i- �' :-',i Aal oi 1974�s am�nd�ham ttm�to tMn�. 12 U.S.C.�2801 �t tp. ('RE8PA•). unlme �notha I�w th�t yrpY�a to th�Fund�
<br /> '7�r ,°_�;•_•., , _ - sal��IessK�t 11�o,Leeds rmy. d anyr Wns, coMd and hotd Funds In �n �nwunt not to excNd th�kew►�unounl.
<br /> ,. i�t'� ecr+�;�.�.eh� Lande►m�y aWa�te ths amount of Fuods du�on the b�sis W cumnt d�b and�ason�bt�atfrtwt�s of�a o1 futun
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<br /> . �i v':n-.r�-'•.'.'':��:���1'� Esaow Uems a othawis�in�aoordmc�wNh eppAeabN I�w.
<br />�I .:;' , .. �` '.:;�. . . .•. ...
<br /> �. •�, � ,, TM Funds sh�N Me hdd in �n instltutlon whw�d�posNs ue inwnd by�fsdwal�panay.Inehum�nWRy.a enUlY(M�dudinY
<br />�� ! ` h;;2�"5�;•�s:n�;�i��r� Lendar.N Undar Is suah�n InaUWtla�)or In any Fed�nU Homs Lo�n 8uik. Lender eh�il�p�ly ths Funds to pay th�Escrow
<br />�: +` �' �'&� � Itam�. L�ndK m�y not chu��Borrow�r br hoWNp and�pplyN�p the Funds,�nnuay m�y�inp ths escrow�acount,a v�p
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<br /> , . th� Escrow Ibnu, unl�ss Laid�r p�ys 8aroww intenst on ths Funds �nd appNaable I�w parmNs L�nder ta mako wch a
<br /> � ' oh�►qs. Howeva, L�nder m�y nquin Bortowa to p�y■ onatkne ahuys fa �n ind�p�nd�nt roN �stats Wc reporltnp s�rvbs
<br /> ; ,. > '�::,,,1;,;..;.,�j' .: us�d by Lende► In connaction wNh thb lan, uMess �ppYcable law provides othawise. Unkas �n �yr�smeM b m�ds a
<br /> ,i��tS �,:,. �ppGc+�bN I�w requka Inbreri to be pwid. lender sh+�l not be roquked to pay 8orroww�ny Nterr.�' or s�inps on ths Funda.
<br /> �I; .•" ��"'i,'1',�i� •', Bortower �nd Lender may�yres In writhg.howave►. th�t intaest ahaA bs pdd on th� Funds. Lender ahaA yive to 8ar►ower,
<br /> '�,��•�r't,��� ;�::..j����;' wqhout eharg�, an �nnud�eaountlng of the Fwids, ahowinp aedlts �nd debfts to ths Funds aad ihe purpoae ta which a�ah
<br /> �.tr��:�` '� , deblt to iM Fundt w�s m�de. Ths Funds an pNdgad as�ddfdonu a�tw�iry lor�N auma sew�ed by ihe 8ecudiy My4unwnt.
<br /> �• 'y�`� ' •• �. ' H the Funds held by Lende►axc�ed th�arnounts pa�Nttad to bs h�id by applicabla kw, �Efldlf Bh�N �CCOWI�t0 BOROWEf
<br /> . " lor 1he exeas Fund�in �caoMqnoe wilh th� rpukana�ta ol y►pAabls I�w.If ths Amounl of ihe Fundt hNd by L�nder�t any ,�
<br /> � • tlms is not sulfld�nt to qy ihs Escrow Itams wMn due, L�nder mny�o nodly Bortow�r in wrltinp, and,in suoh caa� 8orrow�r '
<br /> ,.. � ;•� sh�N p�y to Undx ths �mount nsc�saary M mdce up ih�d�Adency. BortowK�hdl mak� up the daRd�nay In no man thu� ` �
<br /> ,^�s,» ,;��:. � ',`. '• twdvs monihN MY����t L�ndx's sols dac�etlon. ,
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<br /> - .�`•i;:;'�— . �1P� P�Y�i in iuY of�ti tw�n a�cu�ni Ly tiiis Setuiliy Insbumani, Lers�er shaA prompbyr�nd!a 9orsower any Far�ld� �--
<br /> �ti�.;;;;�',r held by Lw►der. It,.unds pwpnph 21,Lender ehap acqui►e or aell the Property, Lender,p�lor to the�cqulsfllon or eak ol the
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<br /> ` +�•�` � • Rroperty, sh�ll�pply any Funds hdd by L�nd�r d th�tlm�of aaqulsitlon w sd��s �cndit aq�inst th� sums sawr�d by ihis
<br /> . . : ..3:';�'�:� S�curily Inatrument.
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<br /> ' !;�`'' 3. Applicttlon of Paymonts. Unl�n �ppAcable law provides Wherwise, ell paymenta rewived by Lende► undx
<br /> � ;i r'� P�y��s 1 and 2 nheN be�ppYed: flrst,to any prepayment ch�ges due under the Nole; aecond,to amounta pey�bb und�r
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<br /> j _��� � p�npnph 2; thkd, lo interest du�:fourth,to prineipal due; and I�at,to any late ch�rges due under ihe Note. �,r
<br /> S. 4. Charyoa; Uof1�. BoRawe► sh�ll p�y all t�ce=. �sseafinenta, chuyes, flnes end ImposNona attdbulable to the
<br /> ;' ' Property whleh m�y�ttaln ptbrity ovK ihis 8ecu�r Inatrumw►t, and leae�hatd paymenta or yround rente, H wny. Borrowv sh�Y
<br /> pay these obAp�tlons In tha manner provided b parayr�ph 2, or R nat paid in th�t manner, BoROwer ehap pey them on Ume
<br /> �3 dk�cty to 1he peroon owad p�yment. Bortowar eholl promptly fumish to Lender aU noticas ot amounis to be pald under ihla . "�`.
<br /> 'f � paayropl�. N 8or►owa m�ka thes� p�ymente dkectly, Borrower sh�q promptly tumieh to lender receipts evld�ndny the �••�;
<br /> �� � � WYments. �
<br /> �� Barowar aFwll p►omplly discharge any Ilen which has prioriry ovw lhis Security Instrument unless Bortower. (a) aprees in . ",„
<br /> ,,r l���. , wrqiny to 1he peyment ot the oblig�don seeured by th� Iien In • manner acoepLbte to Lender, (b) conteata In good I�ith the .
<br /> . " � Qen by. or defenda �gainet enforcement of the Ilen In, legal proeeedinya wMch in the I_endera opinlon operate to prevent ihe
<br /> ��•. :� enfoncement of the Nen: or(o) aecures hom the hold�r of the licy► en egreamenl aatislactory to Lende►aubordinating the Ilen to
<br /> ; . •��••;' � this 3ewrity Inatrument. II Lender detemdnee th�l any parl oi Ihe PropeAy is subJect to a Ilen wh�h may attain p�larity ove►ihis �
<br /> � 3ecurily InaWment, Lender may yNe 8onower a notice identi(yinp ihe Nen. Bonower siwll wli�fy Ihe Aen w Ioke one or mme of
<br /> ' ''"'�" tha acUona set forth ebove wNhin 10 days of the giving ot notice, �����+
<br /> � � � 5. H�sard or Proparty Inauranco.Bonower shall keep the Improvements now exlsling or he►esfler erected on the ' '�
<br /> ` F,
<br /> ' � PropeAy Inaured aydnst toas by Ike, hazards MGuded wUhln the term 'exlended coverege' and any olher haxarda, Includiny I�
<br /> ��; ` ' llooda a Aoodinp, ta wh�h Lender requiree fneunnce. 1 his msurance ahaN be meMUlned in ihe amounts and for the perloda �
<br /> ,Y�:'i�;;_� '�,,��.:: ' � that Lenda requkes. The Msurance caMer providing the Insurance shep be chosen by Bor►ower aub�ect to Lender'a approval
<br /> , ,�.. i wh�h �haA not be unre�aon�bly w8hheld. If Bortower lalls to maintain wvenge desulbed ahove, Lender may. �t Lend�r's �.
<br /> �'•;�•'�' , •' opUon,obUln eownge to protect Lender'a dphts in the PropeKy In eccord�nce wHh peragraph 7.
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<br /> '•'`+`� � Ap insurancs poNelea and renewda ahdl be acceptable to Lender and shdl include e atandard moAgege clause. Lender
<br /> ahatl h�re the�ight to hotd the poNcies and renewals. If Lender requlres. Bonower ahall promptty gNe to Lender aN receipte of ��
<br /> �. .;. p�id prcmiuma and renewol n�tices. In Ihe event of loss, Bortower ehall yive prompt notice to ihe inaurance cartler end Lender. �
<br /> ��Z • Lender may make proof ol toss H not nwde promptly by Borrower.
<br /> ' ,; � Unlass lender and 8ortewer otherwlse agnre in wriling. Insurance proceeds shall be eppNed lo reatoratlon or repair ol 1he �
<br /> ' Propeity d�rtWyed. H the restoratlon or repak is e�onomically fea�lble end Lendei s securfty is not lesaened. If ihe reatoration or
<br /> ', �i:� rep�k W not uconomicetly teaslble or Lender s aecu►ity would be lessened, the insurence proceeds shaN be applled to the aums �
<br /> � aeeured by this 3ecurity Inswment, whetha a not Ihen due, wNh any excess pald to Bortower. II Bortower abandane ihe
<br /> �'.G � • P-operty, ar doea not pnswa wllhin 90 daya a notice kom Lender thet the Insurance cartler has oifcred to setlle a clalm, then
<br /> ';•��;�, Lender may coliect the inaunnce proceeds. Lender may uae the proceeds to repak or restore ihe Property ar to pay sums
<br /> •• � secured by thls Secudty Inswment,whNher or not ihen due. The 30•day pedod will begin when the noUce i�given.
<br /> , '• ' Unlese Lende► �nd Bortower oth�nvfae �gree tn wrqing, any appllcatlon of proaeeda to p�incipal ahell not extend or
<br /> �! t posipone 1he due dde of the monlhiy paymenis reierted to in parayraphs 1 and 2 or ch�nge the amount of tha payments. II
<br /> "`' ' under puayr�ph 21 ihe PropMy le�cquked by Lender. Borrower'a dght to��y inaunnce polidea end proceeda resulting hom
<br /> . dam�pe to the Property prior to the aqulsition shaN pass to lander to the exlent of thQ sums by this Secudty In�Uument
<br /> -- ------� 1mtn�teiy prior io ine �c�uisnian.
<br /> � 8. Ocaupancy. P�es�w�tlon. Malntenanco and Protoctlon of tlw Proporty; Borrowar's Loan
<br /> �' , I Applteatlon; LYas�h0lda. Borrower ahall acupy. esl�bNsh, end uae the PropeAy as Bortowe►'s prinGpal resldence wqhin
<br /> : �� slxty d�ys oRer lh� ucecuUon ol th�s Security Instrument and sh�Y continue to occupy the PropeAy as 6ortower'a princlpal
<br /> � �' resW�nce tor�t Iwst ona yav dler Ihe date ol ocCUp�ncy, unless Lander otherwlse ayrees In writiny,whlch consent ehaU not
<br /> ' � � � b�unrMSOnabty rvNhheld,or uhleae exbnuNhg dreumatances e�Ist whlch are beyond Bonower's conUol. Bortower ahaU�ol
<br /> � destroy, dmvpa or Impak th�PropMy.�pow the Propwty to deteriorate.or commH w�ste on the Property. 8arower ahatl be fn
<br /> , d�huR q any tatelturo�etlon or proceerW�g. whelher dvil w crimfnd. Is be9un th�t in Lender'a good Ialth �udgment could result
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<br /> � t " J fn fo�t�ldu�of th�PropeAy or oth�rvMt�m�taiYy knp�lr tM lian aated Dy Ihfa S�wrily InaUument a Lender's eecurity mterest.
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