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<br /> • TOGIETtIER IhA'111 �II tM Mn�ovwriwib naw'o►hewArr ra�hd on dN aopwty� and�M�nts, �ppahn�na�.�nd
<br /> • ARunnt naw a hicwR��pqrt ot CM p�opNly.�1 nphoMnsnts and�d�lions�FW aNP E�cn+nnd by tMt 3wtrMy Inthwn�M.
<br /> Iw of ttts torqoinp b rNMr�d to in tht�8raxity M�r�+�nt u Mo•Ptop�Ay.•
<br /> : BORROWER COYENAtdYB tha4 BarowK�S kwluy aNt�d�t th�wtat� heraby caiv�eyad ead hae th�dpht to gnnt�cd
<br /> —' ., convy iho PmpMy and tiut tA� Prop�rty b uet�toumtnt��, �cc�pt tor encumbr�nus at racord. Qamawer vrarrartia�nd Nli��
<br /> - dKetnd Q�rtsnqy the tRl�W ih�Prop�Ay ap�dn=t�ll deSms�nd demand�,au�jsct to rTfy 6nws71btaRG��o}roCOrd.
<br /> - - 'Mi9 SECURRV iNgiRUMENY ootnbfner unNortn cov�mnU /or natiortN �s� �rtd noewnNorm covenrnte wUh Ymk�d�►
<br /> - -- varMtloos by JwNdaUoo to conatllut��unifam saurity ba4urn�nt cowrN��naf prcpMrty. 1
<br /> UNIFOFiM COVENANT9. BorrawK md Landu cw�arwit end��as toNpw�s
<br /> - 1. Parn�n! d Pr�ecip�i end Inbrs�ti Pnp�ryrn�nt aod L�t� Gh�r�a. Baroww�h�A prompty p�y wh
<br /> due!h��dp�l ot end Interat on th�d�bt evidmad by th�Note and�ury p»p�►yment and kte ohvpee due undor th�Not�.
<br /> -� -- �. undts�vr Y'�ni and Inwninc�.aub�sra to�pppNc�w�aw or to a wrnt�n w�trs by LendK,Bortowor snu `
<br /> �'�_ to 4�td�►on th�doy monthy p�yrtwnt,�an du�under thr Note,umli th�Not�is pald In NI,a sum('Fun�b') tor: (�)
<br />_. � taxa�nd asaeeements whkA rtKy atWn ptiatty avr thh 9ecurity trtsUumen!aa a Nen on the ProP�f►: N) Y�Y leaseh
<br /> paynwnts or yround ►arte on th�Propaty.B anY+ (a) YwN hwrd or propeity inauru�c�prwNums: Id) Ye�►N Aood Inauwn
<br /> premluma�it�nY(e)Y�Y�PDe haur�nes pr�ns�N�ny;and(t��np eums payable by Barowa►to Lender In acaord�rtes
<br /> ,,. ��„t with the prodslans ot paagraph e. In Neu o1 the p�yment af moKgaga Inaurance premiuma. Theae ftema are ceN�d `Eaaaw --
<br />- • ' � Itara.' Lender may, d any tlms, coNset md �otd Funrle in an �rwunt not to exceed the rtwdnwm am�wrt a kxide► ta e �
<br /> � �",., tedler�y reiated mart�ye toen nxy aquka far Bortawar'a escrow acoaount undar the feda�J ReN Es4ate Setit�t�ocadures °
<br />_. Aat ot 1874 ts ametlded 1rom tkne ta tlme, 12 U.9.0.@ 2801 et seq. ('RE3PA'), untess anotha kw th�t appNes to the Funds
<br /> 1 � �� aets a lesser amourd. It so,Lertder may, �t any ttne, coinct and hoki Funds In�n anourn not to axceed tho leeser�moun&
<br />� ��`�_������" . Lender mey estN►xte the amount ot Funde due on the baais ot curcent dats and reaeoneMe astimates of expendfNres of tuturo
<br /> ,��. •ty....:..�•.
<br />. ., �,�s...�:.M,�. Esaow ttema or othenrtse in accordmee with ap�bte I�w.
<br /> "���:���;:._��:;i�', The Funda ahd De hetd In m inatltutlon whoae deposita are inaurod by a fede�al egency.Instrumenta�ity.or enUty(lndua9rtg =—
<br /> a•' �••��7��' : Leeder. M Lender h� eueh an inat[tuUon)or h any Federal Home Loan Bmk Lender ehaY�ppy the funda to
<br /> ;;n.:�.;,:..,,�: pay the Eserow _
<br /> -, +�'•.�-:;,�T�r. Itena.Lender nuy not cha�ge Bomowet tor hdding end apDyk�9 u►e Funds.annuay analythg the esaow aacouM,or ve�Nying _
<br /> ' ."`:�- - . - � the Eserow item�, uniesa Lender Bortawet intereat on the Funda snd �cabie faw -
<br /> . � ptya app part�ibs Le�tda to rtwke au�h n :.-
<br /> . ... . :a. chuge. However,Lendar m�y ►equiro Bomcwer to pty a ono-tirna chuge tnr an hdependent�eat esfate ta�c rcpoNnp aa�vtce `"�'T•
<br /> • � .. . uaed by Lenden c �onneelton with thb lo�n, unieae appiioable kw ravidea othenvisa Unlass an a =`'
<br /> P �aane�rt la ma�e or �.�:._.
<br /> , ; � . applical�te luw requires(nte►est to ba patd, Lender ahe� not be requhed to pay Borrower any interest or eamhgs on the Funda.
<br /> Bom�wer�nd �ander m�y apree In wtidng, hawever,that 4�tereat ehaY be paW on the Func4a. Lender ehoY glve to Borrower, ��'`"
<br /> ' . � '' �� w(thout charg0.an annuei aaoundng oi the Funda,showMg aedite and debfts to the Funds and the purpose tor whioh each �-.„
<br /> �� . debn to the Funda was mada The Funds aro pledged as addiUonal sewr[ty for aN suma secured by tNe S�eewtq!Inatrument �°-'
<br /> r�� fl the Fund�hetd by Lenda exceed the amounta permitted to be held by appGeabte Inw. Lender ahan account to Bortower �--•
<br /> ..., . for tAe exceas Funds tn accotdence wtth the requtn.ments of app8cabla taw. If the amoum ot the Funds held by Lenda at atry °s��'
<br /> � time 19 not suifldent to pay the F�crow items when due, Lender may so notNy Botrower fn wriUng,and fn such case Bottnwer
<br /> ^ „ ., " shaN pay to Lender the amount aecessary to make up the defl�ency. Bomower shaY make up the deflciency in no moro than �4i�
<br /> " tweNe monthiy payme,nts,at(.ender's sole diac►eNon. ''
<br /> „ ' �i Upon paymmt in fuY of ail sama eecurad by this 3ecurity tnstrumer►t,tender shal prompty tetund to Borrower eny Funds � ��
<br /> , .:�:
<br /> -- --,------- _ h!M!!+;!xl�x. lf..emd•s��..�h?!.l�rfde! 9h8N 8c�or s�!!!he�� lestder.i�es!o!he�os�ale a!2'ta , .,
<br /> .� ° , PropeAy.ahaq appy any Funda held by Lender at the Ume ot aequfsitlon or saie as a cxedit againat the sums secured by thta �
<br /> � ' Seeurlly Insttument. �'`
<br /> • � -� 3. Applic�tlon Of Peyrt10M8. Unless applieable law providea othe�wise, aU paymeMs �ecelved by Lende► under �,"`.,,
<br /> , ^ „ paragephs 1 and 2 shnU be appCed: Rrat,to arry prepayment ehargos due under the Note; second, to amouMs peyable unde►
<br /> ' ` parngaph 2;third,to Intuest dua fouRh,to prindpal due;and last,to eny late eharges due under the Note.
<br /> 4. �hugYS; Uen9. Ba�ower shaq pay at texes, assessmente, chargea, flnes end imposftlons attributable to the
<br /> •.�' , Property which mey attain prioitly over thls Security Instrument,end leasehold paymenta or ground renta, H any. Borrower shsp
<br />_ pay these obilgeNo�s in the menner proWdad in parngraph 2, or B not petd in that manner, 8orrower ahali pay them on tlme �
<br /> - . . ' dlreeUy to tha peraon owed paymerrt. Bortower ehell prompUy fumish to Lender a0 ootices ot amounts to be pald under thta °
<br /> . ., . paregreph. It 8ortawe� makes these payments directly, 9otrower ahaU prompUy tumish to Lender recelpts evidendng the
<br /> eMa.
<br />��1, � 8orrower shali promptly discharge any qen which has pdodty over this 3ecurity InsUument untesa Borrower: (a) agreea in
<br /> j • . wrfUng to the payment ot the obligatlon secumd by the Aen in a manner acceptab►e to Lender; (b) contesta in good laith the :
<br />- „ ' ,,- Uen by, or detenda ag3tnst enforeement of the pen in, legai proceedinga whtch In the Lender's op�nton operate to prerent the
<br /> . . , �. entorcement of the Uen; or (o) securea hom the holder ot the Aen an ag►eement saUsiactory to Lender subordlnaUng the Ifen to
<br /> � thls 3erxutly Inatrumen�It Lertder detertnines that any part of the Property is subJeat to a�en which may attain pdorfty over this
<br /> ' Secwity Inatrument, lende►may gtve Bortower a notlee ideMifyfng the Aen.Borrower ahall saUsiy the�ien or teke one or more ot
<br /> „ • the actlons eet talA above wilhln 10 days ot the giving of nottce.
<br /> � • S. Hi�rd or P�opsrly Insuranae. Bortower shail keep the improvementa now exisdng or hernsfter ereated on tP�e
<br />- . PropeAy insured agatnst lasa by ftre,hezerds (nduded wNhtn the term 'extended coverage' and eny other hezards, inctuding
<br /> y; 1loods or Aoodtng,fo�whiah Lender requires insurence. This inaurance shaq be matntained tn the amounta and tor the perlods
<br /> �•:� ,;��.-, � that Lender requbes. The Fnsurance cartler prefviding the insurence shall be choaen by 8otrower subJect to Lender's approval '� .
<br /> ;• .` • - �• which ahait not be unreasonably withheid. B Borrower iFills to meintain coverage desalbed above,Lender may,at Lender's
<br /> -, , '. � _ ' ,' optlon,obtaln covera9e to protdct Lender's dghts in the Property in accordance wfth parugraph 7.
<br /> �; , �;,% ����.;., , All insuranco poUcies and ►enewels sheU be eecepteble to Lender and ahaU indude a atenderd mortgago dauae. Lender
<br /> "�"`' g Polldes and tenewois. If Lender requires,8onower shatt promptty gfve to Lender ell recetpts ot I,
<br /> � �: �',•,,,.�; shall have the d ht to hold the
<br /> I � paid premlums and renewal noUces. In the event of loss,8ortower sheil gNa prompt noUce to the insurence carAer and Lender.
<br /> Lender may maka proof oi toss N not made promptly by Borrower.
<br /> ;� Untesa lender and Borrower olherwise agree M wriUng, inaurance proceeds shaJi be applied W restoreUon or repair ot the
<br /> pa
<br /> + � Property dameged H the restorarion or repak is economlcaily tcesible and Lender's security ia not Iesaened.If the restoraUan or
<br /> � .. �epair ls not ciconondoaly feesibte or Lender's securtty wouid be Iessened,the insuranee proceeds ehult be eppited to the aurns �
<br /> ,-r �, Qecuted by thts 3eourity instrument,whetAer or not then due, wtth arry excesa pald to Borrower. It Bortower abandons the
<br /> , ' Property, or does noi enswer wkhin 90 days n no8ce trom Lender that the insurence cartier hao offered to seltie a daM, then
<br /> -'' ,'a ' lender may collect the Insurence proeeeds. Lendw rtusy use the proceads to repair oT restare the Property or to pey suma �
<br /> -'= �;�: secured by Nis 3eavrity Instrument,whgtNer or not then due. The 30�day peiiod wiY begtn when the no8ce is gNen. �
<br /> _ �t Unlesa lender end Bortower othe�wise agree in wrNing, any appUoaUon ot proeeeds to prindpat shaU not extend or �
<br /> ` postpone the due date af the monthty payments reteRed to iri peragraphs 1 end 2 ar ehenge tho amount ot the paymenta. It � '
<br /> - ' � � u�►der patagraph 2t the Property is eoquired by lender, Borrowar's�igfit to arry tnsurance pollelas and proceeds resulUng Irom '
<br /> r . + , damtige to the PropMy prior to tho ecqulsMloe aheA pass to Lender to the extent of the sums by thts Securily InsUUment �
<br /> . Imme�atey prfor to the acquisf�on.
<br /> - 4 ' .. Iieallon;pLea�so�hold&�Bonow�e�r�shal oca,py, esmbllsh�d u�se�the Proof the Property; B�9P�rer's Loan ` -
<br /> •- APP p�iy as Bortower's pdncdpal resldence wkhin ,
<br /> �� ,, sixly days after the execution of this 3ecurity InsWment artd shaU conUnue to ocwpy the Properiy as Bomower's prfncipal '
<br /> � residence tor at Ieast one ear after the date ot o '
<br /> y aupan�y,wless Lender otheiwfae agrees In writlng,which consent ahatt not ,
<br /> - . be unreasoflebly withheid,or uniess mdenuathg ehwmstanoes exist which are beyond BortowePs coMrol. Borrower aheil not
<br /> deaVoy,demege or impair tho Prope►ty,aqow the Property to detertotete,or comrt►tt waste an the Property. 8orrower shaU ba in
<br /> ., datault H any torfdture adton or proceeding, wbether cMfl or alminat,is begun Mat in Lender's good teitA�udgmc�nt couid resuk �
<br /> In toAekure ot the Properry or othervrise materta�iy ImpaU Ue Iten c.�eated by this SecurAy InsWment or lender's security Ntenst.
<br /> �� ., ., ,
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