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<br /> ' � TO(3ETHER WI'�H all lho Improvcmcnta noL� on c�rclftcr crcctes9 on tho praper4y, end ell e�ocment�, cg�pu�tcncncc�, r.nd `' �-=�°
<br /> G�ures nol�or heresftct n pari o1 tt�o properiy.A7 rep!^cc�n�nto end ndu�tlono ahcill�I;o t�o covcrcd 6y thl�S�curiiy Inctnancnt. ��_,,.
<br /> ' NI o1 tho lorc�u:np lo rc;cr�cd to I�thla 3�cu�fy In�G�ui�t;at aa tP�o'f'raWniy." �
<br /> p0EiR0�"!�R GOV�NANY9 that F3o�zoe:cr I� lze/lrfy cc!xcd of Iho cata:o hcrcby aonvcycd end hna lha riphE to �!rcnt r.nd ��-
<br /> convoy tfie Properly and that thfl Properiy la unencumb�red, exceqt tor�mcumbrancea ot record. Borrower warranta �nd wiil " -
<br /> defend yaietwlry lha 1RIm to the PropeAy ap�lnat ril clilma end dernande,eubject to any encumbrance�04 record. „ ��
<br /> THt9 6fCURiTY IN9TAUMENT combinee unitorm cavenAnte tor n�tlond usa dnd non�unitortn coveninte with Ilmked .. �
<br /> .. varlatlana by Judedlctlon to conolltut�a unlPoRn aecudry Instrumernt coverinp rexl property.
<br /> UNIFORU COVENANT9. Bortower�nd Lende cov�nont and��ee�e toAowe: ,,..,;,.klr��� --
<br /> 1. P�ym�nt of Princlpal �nd int�raat; Prep�ym�nt end I�.at� ChargRS.Bortower ahaN prornpty pay whan � '�_°. _
<br /> du�the FdnGpsl ot end Intere�ft on the deb9 a�Id�7c�B by thu P:oto crd cny prcpaym�nt cnd I�ta chcrp=�duo un�!er thn R�ote. � ,, _.
<br /> " 2. Fund� tor 7�uc�s �nd Insur�nc�.3ubJc•ct to�ppYr�bte kw or to �wdtten waHu hy LendK, Borrowa ehW p�y .-�},.�:��.
<br /> , '•:':!tti ie.��.•
<br /> ta Landsr an the d+ry mcnthy p�ymente eee d�ie undar tl�e Note,until the Nate le pald In 1ufl, a eum ("Funda') for. (s)yearly _
<br /> tucee end eaaesemente whlch muy etteln pdo�iry over thls 9ecudty Inntrument ee e Qen on tho Properiy; (b)yo�dyr leasehold . �..- •�
<br /> •. paymente or ground rente on tha Proporty, If eny; (o) yearly haxerd or properly Inaurance prantums; (�yeary Aood Inaunnce • ��, ; _..—
<br /> e� mart e Inauranee remlums,H eny;end (Q eny eums peyablo by E�oiroww to Lender In eeeordance '- �'- --�
<br /> premluma,If any; (o) y rty 6afl P �
<br /> wlth the provlsfona ot parepraph B, In Ileu o1 the pryment of mortpage Inaurence premiuma. Tiiese Item� are caAed 'Escrow _
<br /> , " Iteme.' Lendar may, at nny time, coAect nnd ho!d Funds In en emount not to exceed the msximum amount e Ic��dH tor a .. '�, �.-,;__
<br /> � ' tederaly related rnoRgege lom may requlre tor Borrowe►'a eacrow nccount under the federal Real Entnte Settlement Pracaduroa �°
<br /> Act ot 1874 es amenderl from time to time, 12 U.S.C.�2801 et eeq. ("RE3PA'), unlesa anothar law that appues to the Funds �' `7 `,'r.`�`y,r':'�"�
<br />• oets e leaaer emount. It so, Lende►mny, at nny tlme, collect and hold Funds In an emount not to exceed the leaser amount :Y l .""f``�.' r
<br /> , Lender mey est►meto the emount oi Funds due on the besia of cur�ent date nnd reasoneble estimates af expendttures o1 tuluro � ; •
<br /> Hscrow Item� ar othtxwtse in accordanco with applieable Inw. - +1�'
<br /> The Funda shaH be hdd In an InetftuUon whoaa depoalta are InBUred 6y a tederal ager�cy,Instrumentdity, or entityr (Includ{ng _,_�_�:•s�.... -�•_
<br /> Lendor, II Lender Is euch en inetltutinn) or In eny Federal Home Loan Benk Lende► shaH eppy the Funds to pay the Eacrow " �� ;��;.;;,':�_
<br /> " items. La��d�r may not chargo Borrouar tor hold!ng snd eaplyfn�1hA Funds, annuaUy nnalyiing the escrow account or vafying , _;:,,y;7�;.'.�-�
<br /> " the Escrow Items, unlesa Lender pays Bortowor Interaat on the Funds and applicable taw pertnite Lender to meke auch a .:,:�;«����
<br /> cherfle. However, Lcr.der mey requtre Horrower to pay s one-time charge for an Independmt real estete tax reporting eervice �•+ " °�
<br /> usnd by Lender In connecUon with this loan, unlesa aRplicable Iaw providss otheiwise. Unlesa an agreement la made or °"`.il�`=�+ _
<br /> appHabte law req�!Ires interest to ba pald, Lender ehall not be requlred to pay Borto�ver any Interest or oem►ngs on tho Funds. ' ,.
<br /> � Borrower und Lender may agree In wdtlng, however, that Interest ahail ba paid on the Funds. Lender ahall give to Borrower, ..':�c;:t,i'jj�.74;:�
<br /> �� without charge, an annual accounting of the Funds, showing credits and debits to the Funds and tha purposo tor whlch ear.h � "�—
<br /> • debit to the Funds was made. The Funds are pledged aa eddiUonal �ecurfty for a0 sums aecured by the 3RCUrily Instrument. �::;, i��•• �-`
<br /> - If the Funds held by Lender wcceed the ttmounta permittt�d to be t�eld by applicable Iaw, Lender ahell account to Boaower •�•�=—
<br /> for the excess Funds In accordance wlth the roquinments of applicabio Inw. If the emaunt ot the Funds hotd by Lender et any �� ��-=�;,,�
<br /> time is not sutflclent to pay the Eacrow Items when due, Lende►may ao notity Bor►ower In writing, and,In such ceoe Barrowar �,_
<br /> ahell pey to Lender the amount necossery to mako up the defiGency. Bonower ehall make up the deflclency In no more than +
<br /> twelve monthly Faymenl8, nt Lender's sole dlscretlon. ;...�-- _
<br /> __,___, ,__ l��nn nayment In tuU o7 all sums seCUrod by thls Securiry Inetrument, Lender shall promptly refund to 8otro�ver eny Funds , �
<br /> hotJ by Lender. It, under parflgrnph 21, Lender shaU acqulre or oell the Properry,lender, pAOr to the acquisnlon or saio oi tne � ;�, � '
<br /> , Praperty,shall appy any Funds held by Lender et the Ume oi acquislNon or ealo as a crodlt agalnst tho sums secured by this F � ��i •
<br /> J
<br /> Security Instrument. ; •�. '
<br /> � 3. AppllRatlon of Psymente. Unlesa appllcable �aw provides otherwlso, all peyments recetved by Lender under {
<br /> paragrapha 1 end 2 shall he epplled: flrst, to any prepayment cherges due under the Note; second,to amounts payable under i ;�;. . •
<br /> paregraph 2; thlyd,to Interast duo;tourth,4o princl�tal due;and lest, to any late cherges due under the Nate.
<br /> • 4. Charges; U6tis. BoROwer shall pay ell texes, assossmenta, chnrges, lines end Imposltlons altrfbutable to the , �•i
<br /> Property whlch may ettaln prioriry ovc�r thls Seeuriry Instrument,end leasehold paymente o�ground rente,IT any. Borrower ehall �, , .,�
<br /> psy thesa obligsUons in tha manner providad in paragreph 2, or If nat paid In that manner, BoROwer ehall pay them on time I
<br /> directty to tho person owed payment, Borrower ahall promptly tumlah to Lender ell noticea of amounte to bo pald under thls �:,r;
<br /> peragreph. If Bo►rower makes these payments dlracUy, Borrower ahnll prompty fumish to Lender recefpts avidencing the , -
<br /> . Paymente. 1
<br /> Bortower shall prampUy disaharge any Ilen wh{ch has ptiodty over thls Secudty Instrument unlass Borrower. (e) agreos in -
<br /> • wtlting to the payment of the obllgnUon sooured by the Ilen in a manner acceptable to Lendor; (b) conteste in good tafth the ., �• .����.__
<br /> Ilen by, or defends againat entorcement ot 4he Ilen in, leguf procoedings which In tha Lender's opinlon ope�ate to prevent the , "'*� it• r
<br /> enlorcement ot the Ilen; or(o) secures lrom the holder of tho uen un agrer,ment saUstactory to Lender subordinating the Ilen to �• `
<br /> thls Sacurlty instrument. If Lender determinos thet any pnrt o1 tho Property Is subJect to e Ilen whioh may etteln p�lo�ity over this ' , �
<br /> � . 3ecu�ity Inetrument, Lender may glvo Borrower e notica Identifyrng the Ilen. Borrower aheil s�tisty tha Ilen or tako one or mnre of I ,�4�
<br /> • ihe actlons set torth above withln 10 days ot tho glving of notice. -. t� y,
<br /> �. Hazard ar Praperty Insurance. Bortower shap koep tho improvementa now exlating or hereafler erectou on the {� ;
<br /> � � Properry Inaured agalnst loss by fira, hazards included withln the tertn 'extended covarnpo' and nny othcr haznrds, Including
<br /> Aoods or flooding, tor whieh Lender roqulras Insumnce. Thls Insuranca ahall bo matntalnod In the nmounts �nd tor the perlods ! .
<br /> � that Londer requirea. The Insurance caMer provlding the Insuranco shnll bo chosen by Bortoweir subject to Lender's approvul � , `� �r=
<br /> whlch ehell not be unreasonabry withheld. If Borrower tails to malntaln covetngo doscribed abovo, Lender may, at Lender's ��"• �- a
<br /> � op�on,obteln covarege to protect Lendor's dghts In tho Property In accordanco with pnragroph 7. � �� ;
<br /> All Inaurnnce policloa end renewals shall be neceptebte to Lpnder and aheli Inciudo e atandurd mortgago clauso. Lender . �.
<br /> ehall havo the rlght to hold the policles and roncswals. I}Lender requlre�, Borrower ah¢II prompUy glvo to Lender eil rece�pts ot ��
<br /> pald premlums and ranewal noticos. In the ovent at los3, Borrowor shull give prompt notico to tho Insurance certier end Lender, ,
<br /> Lender mny mako proof of loas if not mado prompty by BoROwer.
<br /> Unleoo Lender and Borrower otharvvisa nflreo In writing, Insurance proceeds ahall bo applled to restoratlon or repalr of tha '�
<br /> Rroperty dnmaged, il the rostoretion or repalr Is aconomtcally leaslblo nnd Lender's socurfty Is not lossened. II the rostomtion or
<br /> rcpair Is not aconomlcaliy tesafblo or Le�der's eocuriry would be lo3eened,tho (nsumnco proceods 3haU bo applied to tho eums
<br /> ' occured by thls 3ecurity Instrument, whother or not thon dua, with any exceso pald to Borrower. I}Bonower abandana tho � "•
<br /> Property, or doos not anawor wlthln 30 dnya e noUca from Londer thnt tho insurenco cnrticr has oftered to se!tio a clalm,then �
<br /> Lendcx may collect the �nsuranca proceads, Lender may uso tho proceeds to repnlr or rostore tho Property or to pny sums ,
<br /> secured by thls Securfty Instrumcnt,whother or not then due. Tho 30•day period wlll be�in when tho notice is given.
<br /> Unloss Lender und Hortower otherwiso eproo In wriUnc�, any epplicatlon of proceeds to princlpal shnll not extend or ,
<br /> postpono tho duo dato ot tho munthty payment3 reterrad to In puregmphs 1 und 2 or chango tho nmoun4 of tho pnyments. II ,T
<br /> • .l undor paratiraph 21 tho PropoAy fs ctcqulrad by Lender, BoROwer's rlght to any Insumnco pollclas and procccda resulting trom +
<br /> _� dartwflo to tho Property prior ta t1�a ucqulaitlon shnll pass to Lender to tho oxtent of thn sums by this Sacurity instrument
<br /> .�_ _Y..L,u....
<br /> _. .. . .__.-- -------� immoirifii@ry Muvi iv u.o a..y............ �
<br /> 6. Occupancy, PrAServatlon, Matntenanco And Protectlon of thc� Proporty; Borrower's Loan �
<br /> Appllnatlen; Lve861101d8. Bortower 3hall occupy, estnbllsh, and uso tho Property os Borrower's princlpnl rosldence v�lthln
<br /> ' slxry dayo atter tha oxocuUon of thls Securfity Inatn,ment und shatl contlnuo to occupy tho Property ns Borrower'o princlpnl
<br /> • • ra3ldanco tor nt least ono yeae niter tho dato of occupancy, unles3 Lendor othawlsa ugroos In writlnq,whlch oonsent shull not
<br /> , � bo unreaeonabty wfthhcld, or unlos3 oxtef�uatlng clrcumstnnces e�st whlch aro boyond Borro�var'a control. Bortower ohall not
<br /> ' " dostroy, damsflo or Impnlr tho Property, nitow tho Property to dateriorete, or commlt wastu on tho Prnperty. Borrower shall be In
<br /> dtAault If any torf�lturo acUon or procaoding, whother clvil or almtnnl,Is begun thut In Lender'a good talth Judgment could rQSUtt
<br /> S In to�t�itun� ol tho Property or otherwlse matcrlalty Impnlr tho Iicn creatod by thls Socwtty InaWmont or Lendcrs secu�ity Intcrest.
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