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<br /> ' 700ETHHA WRH all th� YnprowrtNnts �ow or hasatta�r�ot�d on ths property, snd aii� �, �ppurt�n+�na�,�nd
<br />� ,�,.,,,f,,,,:: •:, � • Ibduroa aow ar hwaftw�pmrt of thm prop�rt�r.AO repkcementa uid tdtlUtons eheil�Iso be oovered by th�e 8�ourNy U�uument. .i _ _
<br /> . �,,.,� ,• „ ." ' All of the torapotnp Is retorcod to i�thta&eaurity IneWment aa the'P�oportyt �.,-�-=a4..--_:=__-_::___
<br /> � �� SOAROWER COVEMANTB thnt Oottowsr�s I�wh+ly ad�d ot th�satate heroby oonveyed end hae th��I�M to pr�nt�nd wv — �
<br /> r ':.'..:�r..•�::g�°.� oonv�y th� Prop�Ay tnd tha!th�Prop�ty la un�noumbsrod,�xapt tor tnoumbrancei oi naord. 8orrowm wu�ant� and wiU
<br /> �•=��=��� -�• e�r.nd qenmtry�n�tkt�to th�Prap�ty rpahst aA owMnt tnd Wmtnda,wbj�ot to any�noumbnnc�s of rroord. �„�.„ _
<br /> - � a'�, �•' ;� THIB BECUFiITY INBTRUMENT aombine� un8orm oovmanri far natbn�t uu and eon�unNorm oovenant� wkh IYnkM _
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<br /> ���,��,..�;�?� vuytlons by JurNdbtbn to aonrtttuU�unNorm Nowky h�trum�nt oovK l np na l pro p rt y. - - --- -
<br /> �r- � UNIFOf�A COVENANTB. 8onowK irtd i.md�r oownint and�0�as toiWw4:
<br /> ",, 1. Paymont ot �Incipal and fnt�areet; Prep�yment and Lste Chargea eor►owar an�u promptry Fay wn�n �`.,_h � -_
<br /> :��' dus tM prinopal o}and ht�nst on th�d�bt�vid�no�d by th�NoU and tny pnpaymmt and�b oharp�dut undK th�Not�. �?u_.__ � �—
<br /> �� �. Fueda b�Tiutei�nd inwrr�nae.BubJ�at to tpplbtbte 4►w or to a wrUt�n w�tNet by I.ondK,Botrower shaB psy s..;, _;,,,�_�_
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<br /> � � to L�nder on tlw day monthy paymmts nro due under the Noa,unlY the Note Is pab b tull,o sum('Funda")br. (a)yeuN •N+•••�f�-:_-�---
<br /> tAxsa ind as�ssnwnte whbh may athh prbtfty Ovar this 8eourAy Indttuir�ent a6 • tien on tht PrOperty; (b) ye�rh► leteehold %:�,<__`�•K�.—.
<br /> puyrrtents or around rmri on the PropeAy. H any: (o)yearry hwrd or properiy Ineuana�premtums;(d)yefr�►tbod bsunncs " '% •. ' t--___-
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<br /> premtuma, H a�y;(o)yeary mortpaQe Insurance premiuma.M iny;and t�any eum8 p�yable by BoROwer to Lendar In aaaord�ncs
<br /> '� " • wRh the ptOVI810e8 Ot pitegtaph 9, h ueu of the payment oi mort�ape Ineuranop premiuma. These koma are ontled 'Eeerow ��'='�"--
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<br /> Iteme' Lender rtwy, at tny tkne,oolteot and hoW Funds in �n amount not to exceed the maxbnum amount a lander tor a . ., .. .�;,, : _
<br /> ' tederaly reteted moRgage loan may ntqutre tor Borrowers esorow ccoount under tho tederal Reat Eeute Setttement Procedures •^a'':�=-�-`*�
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<br /> Act ot 1974 as amended irom tNne to t4ne, 12 U.S.C.�2801 et eeQ. ("RESi'A•), unless another I�w that appties to the Funds ^ •���r.�,,,�� � �'�
<br /> ,i� seta a iesser amount. If ao,lender may, at any tlme,colieot end hotd Funds in an amount not to exceed the lasser amount. � .,.`4t� c-,,,��s����
<br /> � Lender may estimate the amount ot Funds due on the basis of aurr�nt data and reasonabte estimates ot expendiwrea ot future ,__�_-j,�_�
<br /> Esorow Items or othenvise in accordance wtth applbabie law. �-=•-
<br /> � The Funds shali be hetd In an InatfWtion whose depasits are hsured by a fedenl a�onoy,If18tNt110t1t81f�y,or entity(haludh8 �:�,--.
<br /> Lender, tf lender Is euuh sn Inst(Wtton)or In any Federal Home Loan 8ank. Lender shaq appy the Funds to pay the Esorow : _-
<br /> � " • " Itema.Lender may not oharge Borrower for holdMg end appytng the Funds,annualy anaysing the esorow acaount,or verifyhg '`"
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<br /> � =``- '" - -- �`- the Escrow IEema, uni�ss Lender pays 8arrower t�iaresi an Me Funds and appl�abb ktvi potmke l.ondsx to make such e �•- �--=-- -
<br /> ' charge. Howenrer, Lender may requlre Borrower to pay e one-tune oharge tor an hdependent real estate tex reporting servlce ��"�
<br /> used by Lender In aonneotion wkh this toan, unlese appllr,able Iaw provldea otherwise. Untesa an agreement is made or � '�: ��,�,�.
<br /> ' applicabte lew requires Interest to be pefd, Lender shall�ot be tequlwd to pay Bonower any Interest or eamhga on the Funds. +�.�-
<br /> • BoROwer and lender msy agree N wrfting, however, that intereat shatl be pa�d on the funds. Lender ahep glve to 8onower, j.�;�'��;
<br /> wfthout oherpe,an annual 8coounting af the Funds, showinp credks and debfta to the Funds and the purpose for whbh eaoh . ,,,�,�-���:
<br /> ' debit to the Funds was made. The Funds are ptedged as addltionel seaurfty tor ati sums seaured by the 8eourfty Inotrument. - - � +� ��-
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<br /> If the Funde heW by Lender exceed the emounts pertnAted to be hetd by app�babte law,Lender shsll a000unt to Borrower • ., :Y,�:--
<br /> � for the excess funds in acaordance with the requkements of appl�able law. If the amount of the Funds he�d by Lender at any � ,. w.. F.!—_
<br /> time Is not 6uftblent to pay the F_scrow Items when due.Lender may so notHy 8ortower M wrtthg,and, In suah oase Bortower rAl—
<br /> shail pay to Lender the amount necessary to make up the defiolenoy. Borrower shat�make up the defblenoy In no more than ,��A `•r
<br /> tweAre monlhty payments,et Lenders sole dlscretion. °,� „�
<br /> . � - Upon pAyment in tuN ot aA suma 88aured by this$eaurity ineirurtte►fit,Lender shatt pmrnptiy retnnd to 9onarrer eny Fun�le _ ,,._._.
<br /> heW by Lender. If,under paragraph 21,Lender shall acquire or sali the Property, Lender,prbr to t he aCqu i s tt ion or s a i 9 of the . �_
<br /> property, shall appy any Funds hetd by Lender at the time of acquisRion or sste as a credft against the sums secured by this �
<br /> Securky inswment. �� ��i
<br /> 3. Application of Paymente. Unless appucabte taw pravides otherwise, att payments recelved by Lender unde�
<br /> • paragraphs 1 end 2 shaN be appiied: fUSt,to any prepayment chergea due under the Note;second,to amounts payabte under , F'''�" f
<br /> paragr8ph P; thtrd,to interest due;fourth,to prinolpal due;and last,to any late oharges due under the Note. � �:��(
<br /> .. . . �. Giiargner; ��CIIO. pOROW@f 8f1811 pay aii (HItH�, tl00tlbDI11C111b. {.tW�dCa� �ni6a d�iY iYiyvaiiivi�o a\NMY{AYiO iv �t10 I �.�t
<br /> , Property wA�h may attaN prlorky over thts Security Instrument, and IeasehoW psyments or ground rents,B any. 8ortower ahall i fi �
<br />- � pay these obllgatbns In the mannar provlded In paragraph 2, or H not pa�d h thet manner, BoROwer shall pay them on tlme , , f��
<br /> dlrectty to the person owed payment. 8orrower shall promptly fumish to Lander all not�es of amounts to be pald under this ��
<br /> �, paragraph. It Bortower makes these payments dlrectly, Bonoxrer ahall promptly fumish to Lender reeelpts evldeneing the , '•,F
<br /> - payments. •• . �`-
<br /> "� Borrower shall prompty dlsoharge any Ilen whbh hae priorlty over this Securlty Inetrument unbsa Bortower: (a)agreas In • . ���r.
<br /> wrfting to tha payment of the oblgellon secured by the Uen In a manner eeceptable to Lender; (b)eontests tn good fafth the � . �
<br /> Ilen by, or defende 8g8Nat enforcement of the Ilen In, tegel proceedhgs whbh In the Lender's opinlon operate to prevent the �i , ,
<br /> entorcement oi the Ilen; or(c)secures hom the holder of tha tlen an agreemont setlsfactory to Lender subordtnating the Ilen to I
<br /> thls Security tnstrument. If Lender determines thet any paR af the Property Is SubJect to a Ilen whfch may attaln prlorlty over thls
<br /> Seourlty InWrument,Lender may gNe Oonower a notke Identlty:ra tfia Ilen.Bortov+ar shpfl satlsty tho Ilon or take one or more of • -
<br /> ' the acttons set forth above wllh(n ±0 days of the gNing o}notfce. �
<br /> � 6. Hezard or Property Insurance. Borrower Shell keBp the Improvements nOw 6xl8ting or hereflfter erBCted on the
<br /> PropeRy Insured agehst Ioss by tke, hezards inCluded wRhln the term "extended coverage' and any other harards, Including , ��
<br /> • tboda or tbodtig,for wh�Ch Lender requlres Insurance. Thls insurance shall be malntalned In the amounts and for!he petbds
<br /> that Lender requkes. The In8uranCe carcler provlding the insurenCe shall be chosen by Borrower subjeCt to Lender's epprova�
<br /> whkh shal not be unressonabty wfthheld. If Borrower felts to maintaln coverage descrlbed above, Lender may, at lender's
<br /> optton,obtaln coverage to protect Lender's rlghts h the Property h eccordance wlth paragreph 7.
<br /> All Insurance pollCles and renewals shelt be accepteble to Lender and shall hclude a standard mortgage clause. lender
<br /> shall have the rlght to hotd the pol�Ies and renewats, tf Lender requires,Borrower shall promptly gNe to Lender aIl recelpts of
<br /> pald premlums end renewal nottces. In the event of loss,8orcower shell gHe prompt not�e to the Insurance carrler and Lender.
<br /> Lender may meke prooi of bss ►i not made promply by Bonower.
<br /> � Untess Lender end Borrower othenvfse agree h wrking,Insurence proceeds sh81I be applled to restoratbn or repalr ot the
<br /> , •• Property demaged, H the restoratl0n or repalr Is economicaly teasbte and Lender's securfty Is not tessened. If the restoratlon or
<br /> repatr Is not econom�aly feaslbte or Lender's securlty would be tessened,the Insurance proceeds shalt be appNed to the sums
<br /> seCUred by thls Security Instrument, whether or not then due, wdh any excess pald to Borcower. It Bortower abandons the
<br /> Property, or does �ot enswer wkhh 30 d8ys a notice from Lender that the Insurance cartler h8S okered to setlle e Clekn, then
<br /> • •. lender may coAect the bsurance proceeds. Lender may use the proCeeds to repek or restore the Praperty or to pay sums
<br /> seCUred by thls Securfty Instrument,whether or not then due. The 34day perbd wfN begln when the notbe IS gben.
<br /> Unless lender and Bortower otherwlse agree h writhg, eny eppllCatbn ot proceeds to princlpal shall not extend or
<br /> � postpone the due date of the monthly peyments reterred to fn peragraphs t and 2 or change the amount ot the peyments. If
<br /> ' under peragreph 21 the Property Is acqulred by lender, 8orrower's rlght to eny insurance polbles and proceeds resulting from
<br /> L damage to the Property prlor to the acqulsNlon shall pass to Lender to the eMent ot the sums by thls Securfty Instrument
<br /> ' • knmgdlately prbr to the acqulSftlon.
<br /> 8. Occupancy� Preeervatlon, Maintenance and Protectlon of the Property; Bo�rower's Loan
<br /> ' � Appllcatfon; L@d6@h01d8. 8ortower shalt occupy, establish,and use the Property as Borrowers princlpat residence wilhln
<br /> . , ebcty d8ys after the executlon of thls SeCUrlty Insttument end shall cOntlnue to oCCUpy the Property es Borrower'S princ�pal
<br /> resldence tor at lea8t one year after tho date ot occupanCy,unless Lender otherwlse 8grees In wrRing, whbh consent shall not
<br /> ' � be unreasonaby wRhheld,or unle8s extenu8ling ClrCUmstBnces exkt whlCh are beyond BOrtOwO�'S controt. 8orrower Shall�ot
<br /> ' � �' destroy, dmnage or Impea the Property,allow the Pruperty to delerlorate, u commlt waste on the Property.8onower shall be In
<br /> defeuft H any torl0kure Actlon or proceeding, whether cfvn or crlmnal, Is begun that In Lender'S good ffiRh judgment Could result
<br /> In tortefture of the Property or otherwise meteri&Ily ImpaP the lien created by thls SeCUrity Inst�ument Or Lender's SeCUrity interest.
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