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<br /> r�.. ., �r� �.. ' , • TOOETFIEH W17H all ih� Li�provKn�nts �ow a h�R�r �nct�d on ih� propKty,and all wtm'Nnt�� �ppwt�nca. �nd
<br /> w,�:.�: ..,•.;:• . 1GAwss now a hnMlbr�part ol th�prop�ly.AM npMcan�nts�nd�dditlons �Md�ho b cowr�d by thh S�oiuky InWnx�nM.
<br /> /1N ol th�toreqoN�p b tN�rt�d to b thk 3�curMy In�ttum�nt a th�•Prop«ty•
<br /> BORROWER COVENANTB that Bo►rown k wwluMy�Nz�d ot th�atat� h�rrby conv�y�d �nd h�s th� ripht to qrant �ndCtS
<br /> '• eonv�y th� t�roprty and that th� rrop«ty fs urnna��d, oxr.rpt lor �naHnb�na..ut rw;i,rd. Br,rrawe w�t�r�d�'-3 - -
<br /> a�,.�.ti•,;.i.�:i:��:,:.'_ drMnd an�raNy th�tNM to th�RopMty ay�k�st M d�km and d�rw�d�.aubJ�ct to any�naMnbnnc�s of r�cord
<br /> THIS 3ECUkITY iN9TRlIMENT cambin� unMotm covKt�nts fa n�Uotat wa �nd non-w�lo�m cov�nrnts wfth Mmlt��
<br /> �••�� v�uMtions by J�xitdlatbn to constkut��unMcxm s�eurky instrum�nt cov�inp rMt prop�rty G
<br /> '�� UNIFORM COYENANTS. 8ortnwr and Und�t eov�nt and�prN Rs toMowa: r'
<br /> ` � 1. P�ym�nt of P�incipal �nd Int�n�t; Pnp�yte�at �nd L�t� Ch�N. ew►ow.r sn.r prompay p.y wh.n
<br /> � ' , dw th��rr�cipd ot�nd IntK�at on lh�d�bt ivldwrcAd by ttw NoU and wiy pr�paynnanl�tnd lata charpes dus under the Nota �
<br /> � r ��� 2. Funds for Tax�s ��d Insuranes.SubJat to appWcabk iaw or to �wtNl�n w�lv�r by Und�r, BoROwa•h.r P.y
<br /> ,j. � to L�ndar on th�d�y tnonthly paymmts an du�undK th�Not�, untY th�Nob i�Wid in IuM. a sum ('Funda') for. lU Y�Y _- -
<br /> '`__�1;1�_ � ta�a and �ss�s�m�nts whkh m�y �tWn qiatty ovK this S�curNy Inahum�nt a�a Mn on tb� Proprty: (b) yMry Mas�hdd
<br /> P�Y�u o►qramd nnts on th�Prop�rty, I( iw►y: (a)YMrN h�wd o►ProP�'�Y Nwmc�pnrtQums; (dI YMr1Y Aood inwn�
<br /> ��: �.,:'� . pr«rMums.if snY�(�)Y�Y�4��„suranc�prwnluma.H�ny:and (Q anY sums p�y�W�by Bortowu to UndM h eocord�nc�
<br />-_� wflh th� provisions of p�rapraph 8. b Bsu of lh�p�yrt�►t ot mortq�pa insuranc�pr�niuRa• Th�so kwns ue eaNd 'Esaow
<br /> - - Itams.' Under may, at�ny Ume, collect Rnd hold Funds In an amount not to�xcNd the m�cinwim amount a lend�r tor a _i _
<br /> . -r.` � 3 •� i�d�nNy rNat�d mo+tyay�Ioan m�y nqWn ta Bortow�r'a escrow�ccount undK ihe trdani RMI Estatt 3�tU�m�nt Roadix�s
<br /> �i;�' -, Act of 1974 as a�nsad�d from tYne to timt,12 U.S,C.�2801 at seq. ('HESPA'), unlei�+�nothe► t�w that appN�s to th� Funds �
<br /> � � • � s e t a a l e s s K a m o u n t i f s o. L e n d e r m a�y,a t an y time. eollat �nd hdd Funda h u�maxit not to ex000d th�Mss�r amount.
<br /> .�=
<br />,_�,r�,.;; l.�nder may�stirr�te the amount of Funda du�on the b�sla of aunnt data and rMSOn�l�M�sWnata oi �xp�nd'Am'es ol future
<br /> Eiaow Items or otfiarvvis�in aceordmce wHh�ppYcable law.
<br /> Th�Funds shaN bs hMd in an insttwUon whoee depoafts an insund by a 1�dKal�pency. (nswm�►taNty. or entiH fndudinp
<br /> Lendar, it Lsnder ia such an inatkuGon) a In any Fedard Home lan Bank. Lander�haN�ppy the Funds to p�y th�Escrow
<br /> Itans. Lendar may not chaqa Borrower tor hoidinp�nd npplying lhe Funds, annwNy�nalythy th� �saow rccount, u wtityinp �"
<br /> the Escrow Items, unless Lenda pays BoROwer interaat on the Funda and appiic�bls 4w pwrnits Lendsr to m�k� such �t y�,.
<br /> cherge. Howov�r. L�ndK may rpuk� Borrowa to pay a one-t(mt chuye ior �n Indqsndmt rwt �aUt�tax nportinp servic� ��
<br /> ueed by Lender In connectian with tnis ban, unlesa applkable law provides dheiwlse. Unless an aynem�nt is mid� or �.�
<br /> ., appifcabto Iaw requires interost to be paid, Lender ahail not be requk�d to pay BarowK any Intweat or s�minqs on the Funds.
<br /> , Bortow�r and Lender may ayre� in wrtting, howevar, that inter�at sFuN be pald on ih� Funds. Lender sh�M yive to Borrow�r.
<br /> ; wBhout cherge, en annua►accountlng of the Funda, ahowing credits �nd debita to tht Funda and ths purpose ta whkh e�ch —
<br /> .� • d�bit to the Funds wan rtrde. The Funds are pledped as+�dditiond a�curtty tor aN sumt srcured by the Stcurity instrument.
<br /> " � If ths Funda heid by Lander ezeeed the amounts pertnittQd to be h�id by applicabie low. Lender shsll account to Borrower
<br /> for the exc�ss Funda in aeeordmce wtth lhe requlrements of applicabia t�w. If lht�mou�t of the Funds hdd by Under�t v►y
<br /> ' tkne is not sufftdent to p�y the Esc►ow Itema when du�, L�nder m�y so notHy Barowr in wr(tinp, and, in such case Borrower
<br /> slwA pay to L�nder the amount neceasery to maks up th�ddici�ncy. Borrowr�haY mak�up th�dNfdmcy in no mon th�n --
<br /> � twdve monthy payments,at Lender's sote disc►etion. _
<br /> Upon paym�nt In fuA of�A sums secured by thia Seeurity Inatrument, Lender sh�l prampGy rNund to BoROwer any Funds
<br /> held by Lender. It, under paragraph 21. Lende� ahall acquke w aell ths Propsrty.Lender,prior to the acqWStuon or aai�of the `�'��
<br /> • F�operty, ahal! �pply eny Funds held by Lmde�t the tlme of �equisidon or sale�s �cr�Qt +�y�inst the sums s�cured by this ;
<br /> Security lnstn�ment. - _._
<br /> 3. Appticallon of Paymonts. Unless appilcabie law provldes otherwlse,all pnyments recefved by Lender under �'
<br /> peragraphs 1 and 2 ahall be appiled: first, to any prepeyment cherges due under the Note; aecond,to amounts payabie under �"'-
<br /> p�ragraph 2;third,to Interest du�:fourth,to princlpai due; and tast,to any tate cherges due under the Note. _ _
<br /> 4. Char�as; LiY�s. Borrower shall pay all texes, assessmenta, aharges, tnes end knpositiona attributable to the �
<br /> * Properly whiah may attain p�iorlty over this Securily Instn�ment, and leasehold paymeMs or qround rents, it any. BoROwer ahail �,tP
<br /> ' pey these obUyetions in the manner provided in paregreph 2. or ft not peld in that manner, Borrower ahell pay them on time
<br /> + ' dlrectty to the peraon owed peyment. Barrower shali promptly tumish to Lender all notices of amounts to be paid under this �±'.�,_
<br /> , . i poragraph. If Borrower makes these payments dkactly, Borrower shoU promptiy fumish to Lmdet rocHpts evldenclny the `s�t
<br /> !,� , Paymente. F ..
<br /> , Bortower ahall prompily discharge any lien which hos prfority over thls Securlty Instrument unleas Botrower. (a) ayrees In
<br /> � wdling to the peyment of the obUgation aecured by the ilen in a manner acceptaWe b l.ender: (b) contests in good lakh the k. .°
<br /> Ilen by, or defends egainat entorcement ot the Aen in. iegal proceedings which in the Lender'a opinion operate to prevent the ` �
<br /> enforcement ot the Ilen; or(c) secures tram the hoider of the ilen an agreement satislectory to Lender subordk�ating the ilen to t�, -_
<br /> � this Security Instrument. If Lender detertnines that ony part of the Property is subJect to a Nen which may�ttatn prlorfly over this !
<br /> Security Instrument, Lender may gNe Bortower a notice Identffying the Qen.Bortower slwll aatisfy the Nen a take one or mora of i�
<br /> the actlons set torth above within 10 days of the giving of notice. � .�.
<br /> 5. Hazard or Proporty inauranco. BoROwer shaU keep the knproveme�is now existiny a hereafter erected on the F• -•
<br /> � Properry insured ayainst toss by fire, hazards included withln the term 'extended coverape" and any other hazarda, includk�g .
<br /> floods or flooding, iw whlch Lender requires (nsurance. This insurance sh�ll be maintalned in the amounts and for the periods i
<br /> � th�t lender requkes, The insurance caRier provlding the Insunnce shel{ be chosen by Borrower subJect to Lender'a approvai
<br /> which sh�A not be unreasonably withheid. I( 8orrower falis to malntaln coveroge described above. Lender may, at Lenders
<br /> opilon,oht�in coverage to protect Lender's rights�the Property in accordance with p�ngr�ph 7. �I�`���
<br /> 5 AJI (nsuronce policies and renewais shau be acceptable to Lendet and shaM indude� stendard mortssge ciauae. Lender ,
<br /> • � shdl have the rlyht to hold the poUclea end renewals. If Lender requlres. Bortower sheli promptly give to Lander ali recNpts of
<br /> • p�id premlums�nd renewal notices. In the event ot Ioas. BoROwer shaA yive prompt notice to the inauranee aMer And Lender. ;1`
<br /> , Under rrwy make proof ot loss if not made promptly by Bortower. E�',:(
<br /> . � Unioss Lender and Bartower othetwise ayree(n wrtling, insurance proceeds sheY be tpplled to restoration or repak of the ,
<br /> Property damayed. (t the restoration ar repatr is econombaUy feasibie and Lenders security Is not lessened. If tha restoration or
<br /> ` • repa(r is not economleaNy feasible or Lender's security would be Iessened,the insurance proceeda shall be appNed to the sums , �
<br /> , . secured by this Security Instrument. whethe►or not then due, wfth any excess paid to Bortower. It BoROwer abandons the
<br /> • Property, or does not answer within 30 deys a notice irom Lender that the insuranee eartkr has ottered to sHUe a cialm, tha�
<br /> ± ! Lender may eollect the insurance procoeds. Lender may use the pro�eeds to repak or restore the PropMy or to pey sums �
<br /> q�. i
<br /> � secured by this Sacurity Instrument,whether or not then due. The 30•day perlod wili bepin when the notice is given. t '�
<br /> ,. , Uniess Lender and BoROwer otherwise aqren in writing, �ny application of proceeds to principa� shaA not extmd or ;
<br /> . � poatpone the due dete of the monthly paymenta reterted to in perayraphs 1 �nd 2 a�lunge the amount of the payments. if
<br /> under p�nyr�ph 21 the PropMy fs aequked by Lender, Borrower's dght to any Insunnce policies and proceeds rcsuMhy from �' �
<br /> dunape to the FropMy prior to the acquislUon ehall pasa to Lander to the wAaht of ths sums by this S�wrfly instrum�nt }�
<br /> � ' e�-�. ='>_. Imm�YatNv pria to the�cquisftfon.
<br /> 1: s.
<br /> � 6. Occupancy, Pns�rvatlon, Maintonsnc� and Prdection of tha Prop�rty: Bo�row�r's Loan � ��
<br /> � ^ AppllCatlOtl; l.�as�holds. Bortowef ahal occupy.establish,and use the Property ai Borrownr'a pnc�ipN reaidanee wRhin ? • •
<br /> � ' sixty daya �fter the �xewtion ot this Securiry Instrument and shall conUnue to ocwpy th� Property as Bortower's prindpd
<br /> `-•�' �! nsidenc�for �t Isaat on�yMr after the date of occupancy,uniess Lnnder othwwise�prea in writinp,wh�h content shaN not
<br /> { be unro�aonaby wkhheid,or uMess extonuatiny dreumstances exlat whbh aro bqond Barower's conVd. Borrower sh�ll not
<br /> �
<br /> � � destroy, d�m�pe or Nr�pak th�Propeity. �Now the RopeAy to deterlowte, or commit w�ste an the Property. Bortower shaM be in
<br /> � dd�uR H sny fateituro�cUon a proceedfnp, whelher cNG or crknfna�,fs beyun th�t in Lander's yood faith Judyment eou�d retuft
<br /> •_ "�,�, . . In fottNtun ot th�Property or oth«wise materyYy Ynp�k ths Yen ae�t�d by thfs Seeuriry inahument or Lender'a s rily int�nat. � .
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