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<br /> ,y.�.�t�-,v• , ' ' 70C3ETHER WITH �Y thr improvsme�its now or harsaftar encteJ on iha property, end �N easrments, �ppurtenmen.�nd _______
<br /> . 1Bclur�s now or hKMfter� put ol th�prop�rty.Aq npiacam�nts�nd�ddltlans�h�q alto b�cownd by ihls S�urity Utlrum�nt.
<br /> AM of the Ia�Qoinq It rolerr�d to In thit S�curiry Instrument at th�•Prop�rty..
<br /> � •�` �y BOHROWER COVENANTB lh�t Bonow�r Ia Iawlully selz�d ol th� �atat� hK�y conveyed �nd hsa th�rlght to 9nn1 and �
<br /> conv�y th�Proptrty�nd th�t th� Prap�rly is unencumb�red, sxcspt la �nnumbranas of��cord. BortowK wunnts�nd wiN
<br /> dMmd qrnKaly the UII�lo th� RopKty�p�inst�II cl�ims�nd d«n�nda,subJ�ct to any encumhnnc�s of ncord. �
<br /> - `:� `�:. •' ' THI9 SECURITV IN9TAUMENT combin�s unllorm cov�n�►nts for ndlonN us� �nd non•unilorm cownants with Cwnq�d �
<br /> s'.`-'. ''_
<br /> „ , ,, ' �.;. varl�tbns by Jurl�dlclion to constftut��unHorm seeudty instrumird wv«hy rwl propwty. �
<br /> '� . UNIFORM COVENANTS. Barrower++nd Lender covonant�nd aqr�e�s iollows: O
<br /> ;;�,,, .,: , ; 1. P�ym�nt ot Prl�olp�l snd Int�rsst; Pnpsymmt and LaN Chsrg�s. Borrowor shoW prompUy p�y whm �
<br /> , du�th�p�"cip�l ol and Intenst on ths d�bt wid�nc�d by ih�N�t�and any pr�ymmt and Iat�chupn du�und�r th�Not�.
<br /> ' • 2. Funde tor Taxss �nd Insun1110�. SubJ�et to appYcabis law or to a wdtt�n waiv�r by L�nder.Barow�r �h�N p�y � � ___ _
<br /> ���•���fi�-� to L�nd�r on tht diy monthy paymente ue dus under tht Not�, untA the Not�Is p�ld In(uA,a sum ('Funds')for: (q ye�rly �� _�_._-
<br /> : i'`�k.y...�.,a_��r
<br /> _��� ,, waa and�ss��sments wMch m�y att+�in pdodty over thls Security Instrumant�s a Hen on the Property: (b) ysarly Ie�a�hoid w �*,�Z�:-._-
<br /> .-.-.,� paym�nt�w qround renta on tho Property. it my; (c) ywdyr hu�rd or prop�rly insurana prNniuma; (d) yNriy Ilood insunnce
<br /> �--;,� prNNums,il�ny; (�)ywrly morty�p�inaunnce premlume,it any:�nd (Q�ny sums payabia by Bortower to Undw In accord�nc�
<br /> •�►•�� � wlth th� provt�lone ot puapraph 8, in Ileu ot ths p�yment of morty�qt Insunnc� premiuma. Thaae Items�r�caNed 'E�crow �_-.-,.3i...__
<br /> — Items.• Lendx m�y, at any ttme, collect �nd hoid Funda (n �n amount no1 to exeeed the meximum �mounl a lender for a c��`�,��
<br /> - -��►"�� '�• � ted�raNy rel�ted mortpay�lo�n may requ4e tor 9oROwar'e escrow account undK the tederd Re�i Eatate Sellleme�t P�x�durss - -�-
<br /> --- ����• Act of 1874�s�mended iram time to time,12 U.S.C.�2801 et seq. (`RESPA'), uniess another Iaw that eppHee to the Funds ��'''�-`°�T°
<br /> i�k eet� a teaser imount. If so.Lender m�y,at�ny ikne, coliect and hold Funds in an amount not to exceed th�Iesssr�mount. -
<br /> Lender m�y estknate lhe amount of Funds due on the bssis of current dat� and reasonable estimates of ��pendituns ot future
<br /> �� " � E�crow Itcros or oth�rwisa in accordance with applic�bie iaw, " T'•""'
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<br /> ` Thq fund�ahaA be hetd In an tnstltullon whose depositn are Insund by a lederal aqancy.Instrumontdlty,or ontiry (includlnp �,-.;_� _
<br /> ersar--
<br /> � Lende. 11 Lendar Is such an Inatitutlon) or in any Federal Home Loan Bank. Lender chaU apply the Funds to pay lh�Eacrow �i-_
<br /> , Items. Lend�r nuy not char9e Bnrrower tor holdinp and�pplyinq the Funds, annuaily arnlyzinq ihe escrow account,or v�rllyinp �.,�---
<br /> � the Escrow Items. uniess Undor pays 8orrower interest on the Funds and applic�ble law permits Lender to mak�sueh a _.. _
<br /> # . charye. Howaver, Under m�y nqulra Borrower to p�y s onwtimo chorye tor an Independent raai estate tnx repoAlnp eervks �-� �- _
<br /> + used by Lender in connecUon with thla loen, unless applicabla taw provides otherwise. Unless an agreerne�t Is made or
<br /> applicable Iaw requires interest to be paid. Lender shali not be requlred to pay Borrower any Interest or earnlnya on the Funds. �.,^"��-'
<br /> . Bartower ond Lender mey epree in writing, however, that Interest +shall be paid on Ihe Funds. Lender shall gHe to BoROwer. ",�
<br /> without clurge,an annuol accounting oi Ihe Funds, showing credits and deb(ts to ihe Funds and the purpose for which each �_
<br /> debit to tht Funds waa made. The Funds ar�ptedyed as additlonal security for all aums:ecured by the Securily Insirument.
<br /> If the Funds held by Lendor exceed Ihe amounts permitted to be hetd by epp�lcab�e Iaw. Lender shail aceount to Bortower s+�. ;'�:--
<br /> � tor the ezc�ss Funds In eccordance with the requlrements of appiicab�e law. ii ihe emount of the Funds held by Lender at�ny . . __��
<br /> ikne is not suMiclent to pay the Escrow Items when due. Lender may so notily Borrower In wdting,and, in such caae 8ortower ;� �• _
<br /> ' ahall pay to Under the�mount necessary to make up the doflclency. Borrower ah�ll make up the deticiency In no more th�n �� •
<br /> twNve monthty payments,at Lender's sole discretlon. �,�,-�-
<br /> Upon payment In tull of all sums secured by this Secunty Instrument, Lender shelt promptty relund to Bortower any Funds .'.• .
<br /> heid by Lender. It..under prrayraph 21.Lender shali acqulre or sell the Property, Lender,prior to the�cqult(tion or sde oi th� -
<br /> _.__,_ _.. _, . p�np�y,Rhw11�ppty any�unds held by Lender at the tfine of acquiaflbn or sale as a credit agalnst the suma securod by th(s er_.._. _
<br /> ' Security Instrument. — �Y.�
<br /> , 3. Application of Paymenta� Unless applicable law provides olherwise. all paymento recefved by Lender under � �°L
<br /> paragrapha 1 and 2 ahali be applled: first. to any prepayment charges due under the Note: second, to amounte payeble under
<br /> parayreph 2; thlyd,to interest due; fouAh,to pdncipai due; and iast,to any late charges due under the Note. ,.;r!`
<br /> 4. Cha�yes; Lfe119. BoROwer shaN pay ail taxes. assessments, cherges, fines and Impositions a8ributabie to ihe •�',","
<br /> Property which may attain prio�ity qver this Security instrument, and Ieasehoid payments or ground rents, it any. Borrower shall �� •
<br /> s pay these obliyatlons in the manner provided in paragraph 2, or if not pald In that manner. Borrower ahall pey them on time , _
<br /> � directly to the peraon owed payment. Borrower shall promptiy(urnish to lender aN notices of amounts to be poid under lhis J--.
<br /> paragraph. It Bortower makes ihese peyments directly, 8orcower shall promptly furnish to Lender receipts evideneinq the �
<br /> �'�. . Payments. -
<br /> �`• Bortower shail promptly discharge any Ifen which has priority over this Security Instrument unless Bortowa: (a) �grees in '
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<br /> . writing to ihe peyment ot the obligation seeured by the hen �n a manner acceplabin to Lender, (b) cantest� In good taith the
<br /> Ilen by, or delends against eniorcement ot Ihe iien in, legal proceed(ngs which in ihe Lender's opinion operate to prevent the --
<br /> � enforcement of the Ilen:or (c) secures irom ihe holder ot the lien an agreement satisfactory to Lender subordinatinp the Yen to •• ,+��
<br /> ' this Security Instrument.If Lender determmes that any part ot the Property Is sub�ect to a lien which may atlain priority ovx this
<br /> , RPr.urity Instrument.Lender may give Borrower a notice ideNifyfng lhe Iien. Borrower shall satisly the tien or teke one a more of _
<br /> � the actions sel toAh above wlthin 10 days oi lhe giving of nolice.
<br /> 5. Hazard or Property �nsurance. Borrower shall keep the improvemenis now existing or hereafter erected on the
<br /> Property insured agalnst loss by fire, hazards inciuded wilhin ihe term "extended coverage' and any other hezards,Inciuding .
<br /> 1loods or Ilooding.tor which Lender requires insurance. This insurance shall be maintained in the amou�ts and tor the perlods
<br /> that Lender requires. The insurance canier provfding Ihe insurance shail be chosen by Borrower subject to Lender's approvat
<br /> 1 which shell not be unreasonably withheld. II Borrower Iaiis to mnintain coverage described above. lender may, at Lender's
<br /> optlon, obiain coverage to protect Lender's rights m the PropeAy in accordance with paragraph 7.
<br /> � � Atl Insurance poticies and renewais shall be acceptable to lender and shali include a standard mohgage clauso. Lender
<br /> ' 'i shall havo ihe righl to hold the policies and renewals. II Lender requires. Borrower shaA promptiy give to Lende�aN recelpts of
<br /> y . � paid premiums and renewal notices. In Ihe event of toss Borrower shall give prompt�otice to the insurance carcier and Lender.
<br /> ` Le�der may make proo(oi loss if not made promptly by Borrower.
<br /> � Unless Lender and Borrower othenvise agree in writing, insurance proceeds shall be applied to restoration or repair of the
<br /> i Property damaged.il the restoration or repaU is economlcally feaslble and Lender's security Is not lessened. It Ihe restoration or
<br /> l . ! � repair is not economically leasible or Lender's security would be lessened,the Insuranca proceeds shall be appNed to Ihe sums
<br /> � secured by this Security Instrument, whether or not then due. with any excess paid to Borrower. It Bortower abandons the
<br /> , Property,or does not answer withln 30 days a notice trom Lender that the insurance carrier has oHered to settfe a clairn. then
<br /> Lender may cvllect the Insurance proceeds l enc+er may use the proceeds to repair or restore the Property or to pay sums
<br /> ` secured by this Security Inslrument. whelher or not then due. Tfie 30•day period wiq begin when ihe notite is given.
<br /> • Unless Lender and Borrower otherwfse agree in writing. any app��cation ot proceeds to principai shall not extend or
<br /> � postpone the due date ot Ihe monthly paymenis �elerred to in paragraphs 1 and 2 or change the amount ol the payments. If
<br /> ' under paragreph 21 the PropeAy Is acqmred by Lender. Borrower's right to any insurance poliCies and proceeds resulting Irom
<br /> � damage to the Property prior lo Ihe acquis�t�on shali pass to Lender to the extent oi ihe sums by thls Secu�ty Insirument
<br /> ; immediately prior to the aequis�Uon.
<br /> � 6. Occupancy, Preservation. Maintenance and Protection of the Prope�ty; Borrower's Loan
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<br /> . w.,..��....i,,.,. �., eeti..�.�e a.....,We. ��,eu .,����.,,, ac�ahuch and use the Pronertv as Borrower's prinCipal residence within
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<br /> � sixty days afler the execution of this Security Irstrument and shali continue to o�cupy the Property as Borrower's pdncipal
<br /> � residence for at Ieast ane year aHer the date of occupancy. unless Lender otherwise agrees in writi�g, which consent shail not
<br /> ' be unre�sonabty withheld, or uniess exlenuating circumstances exisl which are beyond Borrower's controt. Borrower shall not
<br /> j� desiroy.damaye or impair Ihe Properly.altow the Property to deleriorate. or commit waste on the Property. Borrower shall be in
<br /> � default it any IoKe��ure action or proceeang, whether ciril or crirninal,i� begun that in Lender's good (nith judgmenl could result
<br /> � ` in torteiiure ot the Property or otherv+ise materiaily impair the Ifen created by this Security Instrument or Lender's security interest.
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