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<br /> :-: • ' Te�FTHER WITH o11 ihe impravementn now or herteRar�reated �n tha pronorty, anA a11 a�namante, uppuRon�nooa, and
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<br /> �-�`�� fl�lu�ea naw or hare�fter a pirl af t1►e properry. AN�epl�cemente snd�ddlttona oNatl alao ba covered by thld ascudty h�uinim�nt.
<br /> '��, Aii of tho forcpolnp!a r�lnnad tA in this SAaurity Inetrument en the'Pror�aiyr.' �,____.._
<br /> •`�''"' � ��` BORRAUV�R COVENANT�thet Barrowa�In lewtufy eet�ed o}tho oat�to haraby nonvayed end h�e INe dpht to prent en�
<br /> ---" '"'"'""'"„� aonv6y the Rraperty and that tho Properiy la uornarmb¢red, mcc�t fot enaumbrenees of�eaorA. E3onowm w�m�nte end v� �_"�°�__,
<br /> ,:,' datand gonerelly the dpo to tho Propariy a4ainot ull elalmo and demands,subJoct lo any ancumbmnaos ot rocord, �:d=--=--
<br /> �� ___.,_,�,�;�' TMIB BECURtTY INti'�AUMENT cambinoa un{form corenents tor nationat uoe and non�unttorm covenanto wlih Ilmlte� ��
<br /> • ' vnrlatlona by Ju�lsdtctlon to eaflotituto a uniform socudty instrument covering reel propflrty. � � ;c��,��-__ -
<br /> ,.��r UNIFORM COVENANT9. BoROwer and Lender covenant and agree as foltowo: _
<br /> t. Paymer�t of Peinofpnl �andl Intsroa� Propsym�nt and Lats Chavg�s.eorrower ohnu prompt�y pay when •ti
<br /> � due the dncipat ot nnd Interost on the debt evidenced by the Noto and any prepayment and lace aharpes due under tho Noto. •3 � � -� ` s_
<br /> 2. �unds for Taxo� and O��aorr�neo.Subjoet to apptitabla law or to a written waiver by Lender, Borrower shnU pay �;" �'-;r'•"' � ,,.
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<br /> to Londer on tho day monthly Rnyrte¢a4s euo dua under the Noto, unUl the Nofe fs paid In tu11,a sum('Funds') for. le)ye�rly � •� '° y�•��`��,-;-
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<br /> tnxes and assesaments tvhtcP� ensy Aua..'^► g,tc�Ey over this 3eeurtty Inat�ument as a pen on the Propenyr; (b)yeary leasehold , _,.:` °�;•'��+{`•-
<br /> '_. - - t1AYt►�an4s or 4vou7td rents on tfto Paope�¢y.E7 ae�y: (o)yeatty hazard cu proPeM insurance premtums; (d)Yearly Aoad Inauranee _.> ,.. -- �;�'�^�,'.'.
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<br /> �� ' prEyniuma,i1 any;(e)yeady rtea�tgaga Ensueanco�ryn�ums,tt sny;ae�d(�i any sums payable by Borrowor to Lender in aeeordanae - �
<br /> �vith the proWstons of pAmor�h 6, in tleu ot 4he paymant of mo�Qa$a Elsurance premiums. Theae ftema ere ealled 'Escrow -
<br /> ft¢ms.' Lender may, ctt Fuiy time, coilect and hofd Fuads in an umcunt�ot to exceed the meximum emount e Iender for a „ � _
<br /> _—__ o�o�eu.mintn.l�nnrt.wna tr+a�.mav rau�trw tnr Rerruwnr'n eaerow accoue�t under tAe toderal Real EstBte Setdement Procedurea �__ __ __ t
<br /> �;''"s'3<<;;��,�•:y. � Aat ot 1974 ea amended irom time�to time, 12 U.S.C.@ 2801 et svq. ('FigSPA°), untcss another law that appAes to the Funds
<br /> " ��;;.,,. , seta a tesser amount. tl so, lender may, et any Ume, coNeat and hotd Funds (n an amount not Ro meceed the lesaer amount -
<br /> „ "�c�•'Y Lender may esEimate the amount of Funds due on the basls of current data and reasonabte estimates ot exPendiWres of luturo '��
<br /> �� ���-:= Escrow ttems or othervvise In aceordanee�ith app9cabie Iaw. •
<br /> ' The Funds shail be heid in an inatitution whose deposfts ere insured by a federel agency,instrumenta9ty,or entity(inoludin8 �
<br /> Lender, it lender is such an fnaUtuUon) or N any Federal Home Loan 6ank Lender shaM appy the Funds to pay th0 Escrmv -
<br /> ftems. Lender mey not charge Bortower for holding end apptykig the Funds,annually anaiyzing the escrow acxount,or veTitying _ �""""
<br /> � „ the Escrow Items, unieas Lender pays 8ortower interest on the Fuads end appticabie law pertnits lender to malce such a . .-_ _
<br /> • eharge. Fir�wever, Lender may requi�e BoROwer to Qay a oneUme charye for an independent rea0 estate tax reportEng service .;,,. �._-
<br /> ' used by Lender in connectioi wfth this toan, unless appllcable law ra�ruvides otherwise. Un�ess an agreement is made or ?.:-��;f-.�
<br /> .,.,:,.1 applicabte Iaw requires interest to be pald, Lender shali n�t be requlrod ia pay Borrowca any interest or eamings on the Funds. �. .,;;;;�'�:;��;},;y
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<br /> ,y�V::.;_,_ .• �ottower end Lender mey agree In writing, however, th�t interest sha!1 @e paid o�e the funds. Lender shali give 9a 0onower, .•.•;t;'. ''+,:;;E;;;",;;���:,'.
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<br /> ;'"/'`;:;��,�„ ,',' debtt to theTFunds wasumadoc�Thel�Furtrls ere ptedged asuadditlonal s�curity t�r aA aumsFSecured�y hhe Securiry f inst,rumen�ch !�;:(�;;�a';;�'s'�ti;:,''y�1�;'�:�'
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<br /> ' '}`�'Q`�'�''�'�'`�%'���'�� Ii the Fands hetd b Lender exceec?9�e arnounts ertn(tted to 6e haid b app(icabi�law, lensfer sheli aecount to 8ortawe� ��,���'•�• " r��;: F���
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<br /> for the excess Funds in aecordance wilfi 7he�e�uirements of appBcaQ�le Paw. fl the ar.�ount ot ihe Funds held by Lender at an�? � , r r��-;��;�•••<:;:�
<br /> �;�,;':: ����•}:.�';;;�.•�� Ume is not sutfident to ptxy the�scrow ft�ms when due, 4ender may ao notity Boaawrer in wdtlng, and, b such case 9ortawer � �S���i<��,�<<F:t,.�•.:;�;,-;ti�.•
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<br /> ',i'�.� �};('��4,. �fi sha0 pay to tEnder the amount nexessany to meke up 4hQ deficlsncg. �oaow�sha11 make up the de8dency in no more than o��f � ,:�f k �,���r f � ��
<br /> � ,,.. �<�J j r-'t ,? twefve ma�3h,y PaYments.at lender's aote dlscreUon. h�s h,`,:��ti� �! �4�51(eJ����,
<br /> .?,fytl�'.:'4:J;�(�S"n;��•:;�::•3 Upon�ayment in tuA of atl sums secured by this Secutily Instcumaret,Lender shall promplly r�Yu��to 6orrower any funds ( a;..,;,.!',;t.�.,
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<br /> `• ;�;•i;.,.,.;:,,;�;�;:`:��, i�eid by ianckrr. it._undar paragraph 2i. ���dar shalt acquira c:scC t.... ....perrt.Lender.Ddor!.. .,n..^�.i_�_.. _. �ab o.++.!±� �`,-
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<br /> `+��'; RopeAy, shall apply any Funds heid by Lender at the time of acquisiUon or sale as a credit against the aums sec�cred by this �';t
<br /> Security Instrument.
<br /> 3. Appitcation of Peyments. Unless applicabie law providea otherwlse. ail payments receNed by lender under r
<br /> paragraphs 1 and 2 shatl be applied: tirst,to any prepayment charges due under the Note; second, to amounts peyable under �� �: q�j.
<br /> ' paragreph 2:third,to intereat due:tourth,to prindpai due;and last,to any late charges due under the Note. , ,b� i
<br /> , � •� 4. Chargeg; Uet18. Borrower shall pay all texes, assessments. charges, flnes end knposiGons arirfbutabie to the r ;
<br /> Property which may attain priorBy over this Security Instrument,and Ieasehdd payments or ground renls.Y any. Borrower shail ., 3 ���'
<br /> pay thettie obligatlons in the menner provided in paregraph 2. or if not pald in that manner, Bonower shali pay them on time I � ,;�
<br /> dkectty to the person owed payment. t3ortawer sha8 prompty tumish to lender all notices ot amounts to be pald under this � � �
<br /> paragraph. It Borrower makes these payments directi�. Borrower shati promptly fumish to Lender receipts evidendng the
<br /> payments. j i'.
<br /> . Bortower shalt promptly discharge any Iien which hae p�iority ovet this Security Instrument untess Borrower. (a) agrees in f .
<br /> wdUng to the payment ot the obligaUon secured by the lien in a mahner acceptable t� lender, (b) contests In good fafth the • • � -��
<br /> Ilen by, or detends agalnst enforcement ot the lien in. Iegai proceedings which In the Lender's opinfon operate to prevent the � ...:°i�`
<br /> � entoreement of the Ilen;or(o) secures hom the hoider of the Nen en agreement satisfactory to Le�der subordinating the lien to '�� • '.
<br /> this Security InsWment.It Lender detertnines that any part of the Property is subJect to a iien whlch mey attaln priority over thfs �
<br /> 3ecurity instrument.lender may gHe BoROwer a noUce identilying the lien.Bortower shall saUsry the lien or take one or more of � .
<br /> the actfons set torth above wfthfn 10 days of the gNing ot�otice. � ' .
<br /> 5. Hazard or P�operty Insurance.Bortower shali keep the improvements now exisUng or hereatter erected on the � , � �}�`"�;/
<br /> Property insured against loss by fire, hazards lncluded wRhin the tertn 'ex[ended coverage" end any olher hazarda, including � •, �:•�,;'�`�;f
<br /> floods or flooding, tor which Lender requires Insurance. This Insurance sheit be maintafned In the amounts and tor the periods �ti,�'.. '
<br /> that Lender requlres. The Insurance cevier providing the insurance shall be ehosen by Borrower subJect to Lender's approvai j ,'�. :, . �1�,
<br /> which shall iot be unreasonably wllhheld. if Bortower faNs to maintain coverage desafbed above.Lender may, at Lender's � .!;t;y;
<br /> ' i optfon,obtain covernge to protect Lender's rights in the Property in accordance wtth paragraph 7. ` "` `'
<br /> ' Alt insurance poUdes and renewa�s shall be accepteble to Lender and shatl Include a standard mortgage Gause. Lender �
<br /> shati have the right to ho�d the polides and renewals. If Lender requires.Bortower shali prompty give to lender aY rece(pts of �
<br /> ' paid premiums and renewal notices. In the event of loss.Bottower shall give prompt notice to the insurance carrier and Lender. .
<br /> ', Lender may make proof ot loss if not made promptly by Borrower. ,
<br /> .,`;�� Untess Lender and BoROwer olherwise agree in wdting. Insurence proceeds shaN be applied to restoration or repair of the
<br /> prpperty damaged. tt the restoration or repair is economicaiy teasible and Lender's security is not lessened. If the restoration or
<br /> • `•:'.�' repafr Is not economicalty feasible or Lendeis security wouid 6e lessened,Ihe insurence proceeds shaA 6e applied to the sums
<br /> seCUred by this Securiry Instrument. whe2her or not then due. with any excess pald to Borrower. If 8orrower abandons the ,
<br /> Property. or does �ot answer wilhin 30 days a notice from Lender that the insurance carrier has oitered to settle a claim, then ,
<br /> � Lender may collect the insurence proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by this Security instrument. whether or not then due. The 30•day period will begin when the notice is gfven.
<br /> Unless Lendet and BoROwer otherwise agree in writing. any applicalion of proceeds to p�incipal shall not exlend or
<br /> + postpone the due date of the mortthiy payments referred to in paregraphs 1 and 2 or change the amount of the payments. K
<br /> ` � under paragraph 21 the Property Is acquired by Lender. BoROwer's right to any insurance poiides a�d proceeds resufting hom
<br /> damage to the Property prior to the acquisitfon shall pass to Le�der to the extent of the 3ums by this Security Instrument
<br /> Immediately prior to the acquisition.
<br /> � � 6. occupancy. rreservaiion. iviainienance anu r�vieciivn vi ine rroperiy; ooROwe�s i.oan
<br /> � Applieation; L@88@hO1d8. Bortower shaii occupy. establish, and use the Property as Bortower's principai residence within
<br /> • � sixry days after the execution oi this Security Insirume�t and shali continue to occupy the Properry as Borcower's principai
<br /> , ;�'� resfde�ce tor at teast one year after the date oi occupancy, uniess Lender othervvise agrees in writing, which consent shall not
<br /> � ""' �; }'i be unrcaasonahly withhc�d. or uniess extenualing Grcumstances exist which are bcyond BoROwer's contrd. Borrower shall not
<br /> ,`�;;�:�' ,`• ::'.�.•,�,1� desG�ay. damage or im�aair fHe PropeAy. aliow the Property to deteriorate,or commt waste on the Property. Borrower sheil be in
<br /> , �;��;�:ti;,`•;t Qe�u1t i4 any forfeiture ace�oo or proceeding. whether civil or cdminai. is begun that in lender's good taith judgment could resuft
<br /> � �.•;:�:• :T in 4or�o^ra o?the Property or othenwse materially impair the ilen created by this Securiry Instrument or Lender's secunty interest.
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