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<br /> BQRRQVVER GY)V�NAN'l�that Harrower is�Iswfully �cized of thc estat�liereby canveyed and has tt►e dghn a grant
<br /> iuid oanvey the Prc►perty end thAt tha Property is unr,�icumbercd,exeept for encumbrenoe�of record. Hois�o�uer wasrac►ts�ucd
<br /> wiil deicnd genernily the title co[he Property og�nst nll claims and demand.9.�ubject to any�ncu�nbrance.v of rxord.
<br /> UNtFGRM COVBNANTS.
<br /> _ , i. i�rtaeat o�1('einci�pnl,Yateresi r+wd II.atse�u� Borra��ucr sh•rit�ray wix;��duc�the p�iuzipa!of.uttd iat�an,
<br /> the debt evidrnoad by the Nota�nnd late charges duie unckr tAe Note.
<br /> � Z. Monthly P�yment o!'Tucrs,Im�ac�no�and ather Cluc�es. Boirower shaU incivdo in each monthl� ymen�
<br /> s,
<br /> together v►dtd the principW and inten�t as sat Port� in the Note end Any lata charges, a sum for (a) texes an epecial
<br /> us.ussments levIed or w bc levicd agaiast the H+op�rty,(b)leasehold paymenta or grnurtd rcrtts on the Prupetty. end
<br /> — (c)premfurr�s for iasuran��e requirat under Paragrapb�4. In any yeur in which tQe L.ender must pay u mortguge Insuranoe
<br /> = pnhnium to ttte Sxretary of Housing aad Uibau Dovelupmeat(^ x�a�+�").or ia nny year In which such pnmium woWd
<br /> _—_ ° have been required if Lender still held the Saue3ry Iastrument�s1►S mnnth►y payment shal�also includG either.(i)a sum for
<br /> the annual mortgaga insurance pnKnlum w be patd by I.ender w the Socnt�T��ar(ii)n iuonthly cl�aarge lu�ta►d of a mo�t�age
<br /> insurance premfum if this Securlty [nsuument is held by the Soaetnry, ui a rea�onable emount w be detam8nod by the
<br /> — Secretary. Bxcept for the monthly churge by the Secretary,these icems tue called"Escrnw[tems"and the sums paid to Leader
<br /> _ arc cutlod"Fscmw Funds."
<br /> ___ —.._ Leuder may.At cwy time,collect and hold amo�nts for Esccow Items in aa aggregau arrcount not to eacced the iaa�mum
<br /> nmount that may be required for Borrowe;'s escrow iuxouat uadet the Real Estate 5attlemeat Procadures Act of 1974. 12
<br /> _ U.S.C.$ 2601 �. and implemendng reguladons. 24 CFR PoR 3500. av they may be amended fcnm tinte to time
<br /> = ("RESPA°).excepi thnt thc cnshfan or tcservc pEnniued by EtESPA for uaaaddgaQed dlsbuisemente or diabt�rsement4 befaro ----
<br /> the Bomowe�e paymenta are nvailabie in the acsount may not 6e based oa amounts due for tl�e mortgage insuranoe ptemium.
<br /> If the araounts beld by Leader for Escrow Items exead tbe amounts pennitted to be he1c1 by WE3PA,I.end�r shall deal
<br /> ��•��? with the excess funds as rhquIred by RFSPA. if the amounts of fuads held by Lender at any tlYae an not sutl'icient w pay the
<br /> -- -= F,scrow Items when due,Lender may notify the Bomowet and requi�Bormwer to malce up t1�suortage or deRctency ea
<br /> pcmutted by RESPA.
<br /> �:� 'ILa Bscrow Fun�ds are pledged as addIdonal secudty for all suma secuved by thi�►Security Instrument If Bormwer _
<br /> -; tenders w Lender We fuA payment of uU such sums.Bomuwe�'s aaount shall be credited wid�the balance remaining for ail
<br /> -^^�—�=� Installment items(a).(b).aad(c)ead any mortgage insumnoe pnemiwa installment that Lender has aot became obllgated to
<br /> ;��,:� pay to the Socretery,and Lender ahall promptly refund any eaccess funds w Borrower. Immediately prior w a foreclosute sale
<br /> —_ of the Propeity or ita acquisidon by Lender. Bormwer's acxount shall be ct+edited w(th aay balance remainiag for eli
<br />�--=�s? insmllments for items(a) (Y),nnd(c). �
<br /> , ,�,��, 3. Applicatlon of Fuyeaenta All pflyaeents under Para$raphs 1 and 2 shall be applied by Lender ag foAows _
<br /> -�•_��.-=� FtR.ST.w the mort� e insurnnce Qremium ta be paid by f.ender W the Secretery or to We montWy chrage by
<br /> -���� tbe Se�,�retBry inst�d of the monthly mo�tgnge jnsuiance premium;
<br />_��� °� to any ta�ces, specIal a4sessments. leasehold payraents or grouad renb, ead fire,flood and ather
<br />�4��`_ Y n7acd insurance pretniwns.esrequtred:
<br />-:�et�'�'' �IZ.to interost due otcder the Not,e;
<br />�-°"��•, ,r. 'U�i g�,co amord�tIon of the principal of the Note;
<br /> ��;;�� ; �,to late charges due under the Note.
<br />='°-•'ry 4. F�r�Flood And Other Na�rd Iosuranoe. Boirower shell insure all improvements on the Property.whether now ----
<br /> ":�-. '.Y Iu existence or subsequendy ec+ected. against aay hazards,casualdes, and wntingenclea, Includiag fire. for which Lendcr ---
<br />'-=-��..' requines insurance. '[Ms insurnnce shall be mtuntwned In the amaunts and for the periods that Lender requires. Borrowe,r -
<br />• �`�'�.�..� shall also insure a1l�mpmvements on thep�operty.whether now in euistence or subsequendy erectad,against loss by tloods r..-
<br />::•,;K`� w dee extent requIre�6y the Secretaiy. All fnsurance shall be cartied with compunfes appmvod by I.ender. 'Ihe insurance �..--
<br /> ,:•�;,.;� :; poltctes and any renewals shell be held by Lender and:�hnll include lass payuble claur+es in fuvor of,and in a form aoceptable �-;`�
<br /> <'-',T.'s;x. -' W.Ixndet. �:_
<br /> _:.ti.�,�_.. Ia the event of loss.Bomower shall give Lender imraediate nodce by mail. Lender may make proof of loss if not made ,
<br />_:�.�:�:-�","'�` p�ompdy by Boirower. F.�ch iasurance mmpuny concemed is hereby authorized and dtrected to make payment for such loss F:v,_
<br /> .- .:se..�� duecdy to Ixnder.instead of to Bomower and to I.ender joindy. All or any part of the insuiance pn�ceeds may be applied by � >-
<br /> I.ender.at Iu opdon.either(a)to the re�ucdon of the indebtedness under the Note and this Secunty Instrumen� t'erst to any
<br /> ",��•�'���, deGnquent amounts applied in the order in Parngrnph 3.nnd then to prepayment of princ[pal.or�b)to the restorado�a�repair �.- ._
<br /> �°; of the damu�ed property. Anyspplicadon of the proceeds to the pdncipal shall not extend or postpone the due date of d►a =_
<br /> 3 monthly pAyments which are rc f eaed to in Parngraph 2,or change the umount of such paymeacs. Any excess insu�anee ;;
<br /> ` proceeds over en amountrequired to pay eit outstanding indebtedness under the Note and this Securlty Instrument shall be ,�`�
<br /> °�' '� paid to the endty(egaUy en6ded therew.
<br /> T''� -� In the event of foreclosure of this Serurity Instrument or other transfer of dde to the P�nperty thut extinguishes the
<br />_::�`,-;:-:_:�: indebte�ness.aU righ4���+��d Giterest of Borrower in�d to insur�nce�Iicies in force shal!pass to the purchaser. ,
<br />; ��-`-�:. • g, Oocupancy, Preserva@on, MKic�tenanoe and Pic+otection of the Property; Borrower's Loaa Appltcaflon;
<br /> j'--: a� : Leaseholds. Borrower shall occupy.establish.and use the Property as Borrower's pnnc9pal residence withIn sixty days after
<br />:�;;:.�, �'.' �he execution of this Security Inswment and shall condnue to occupy the Pro�erty as Borro�ver's principal residence for at :
<br />:"f�._ t,:� ,. least onc year eRer the dsue of occupancy.unless the Secretary determines th�s requimment will cnuse undue hnrdship for • �
<br /> s���� f Bomower.or untess extenuating circumstances exist which are beyond Borrower's conu+ol. Bomower shall notify i.enders of
<br /> :;R��,�.-A ` eny eatenuatiag circumstances. Borrower sha11 not commit waste or destmy,damage or substantially chanpe the Prope�ty or •
<br />`•;'"'�N'= allow the Property to deteriorate, reasonable wear and tear excepted. Lender may inspect the Property if the Property is
<br />`�'�`� '�`�' vac�nt or abandoned or the luan is in defaulG Lender may take raasonable ac6on to protect und preserve snch vacant or
<br />��'c: abandoned Praperty. Borrower shall�lso be in default if Bormwer,durin�the loan applicadon prooess.gave materially false
<br /> :;::`.�. or inaccurate informaHoa or statement�to Lender(os f�iled to provide I.ender with any material infarn�udon)in connecdon
<br /> �����,:�� with the luan evidenced by the Note. inclu�inp.bu.not limited to,representadons concerning Borrower's accapuncy of the
<br />''r'��`;3.�• Property as a princIpul tesidence. If this Secunty Instrument is an a leasehold.Borroaer shaU comply wIth the provisions of
<br /> S the l�se. If Banower acquirea fee dtle to thc Property.the leasehold and fee ride shall not bc merged unless Lender agrees to
<br /> the merger�n writing.
<br /> �' ' .-�'.�� 6. Chnrges to Bon�ower aad Pretection of I.ender's RfAhfs in the Property. Borrower shall pay all governmentnl
<br /> ^�'�"',�''"` or municipui churges,fines und impositions that at+e not inaluded in Para�taph 2. Borrower shall pay these obli�ndons on
<br /> M...e .1:.e..�t., e..�t.e a..►iw .uhL.1� :a n�uor! tho. nuvmwr�t if failnm tn nav wnuW suiv�rcrlv nffiMt I Rri[IP��A interiect in the
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<br /> , Property.upon Lender's request Bonower shntl promptly furnisl�to Lender receipts evidencing these payments.
<br /> .,. . ' If Borrower fails ro make these payment�ur the payment�requimd by Parugraph 2, or fuils to perForm any other
<br />.. . ' covenratts und agreEments contained in this Security InstcucRen� or there is u legal proceeding thnt may significnndy uffect
<br /> �� '!� l.ende�'s �ights in the Property(such as a proceeding in bankrupt�y.for condemnatton or to enforce laws or reguladons),
<br /> •- ' � then Lender muy do artd pny whntever is neoessary w�rotect the value of the Properry und Lender's d�hts in the Propecty,
<br /> '`r inclading payment of�txes.h�,nM insuronce and other irems mentioned in Parngraph 2. .
<br /> � Any nmounts disbursed by Lender under this Poragraph shall become un udd�tionnl debt of Bomower and be secured by
<br /> '" this Security Insuumen� 'Ihese amounts shull bear intemat from the dute of disbursemen�ut tl�e Note rate,and at the option
<br /> of Lender,shiill be immediately due and payable.
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