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<br /> TO(iETHER 1h7TH aq ih� wrp�ovwn�ts naw a hwwRer �nct�� on Ih� p�iy, uid all oasemanls, appurtar►ancas. and �
<br /> . tixtwea now or h�xe�Rer �par:ol th�propaty. Alf repacw►wnta and addcflons shall �lso be caYered 6y lhia S�curity Instrumenl. _
<br /> AN o!ths for�qak+p i: rel�rtod !o in thla SYCU�iIy Instrumenl�s iM'Prop�+ty' _.
<br /> BOAR04VEH COYENAN7S iMt Narow�r is 1+►wAAy saiia0 of th��suta hweLy w+ic+yocl w�� has iho right to {,��nt a.�d =_
<br /> convey 1ha Property ■rd lh�t the Property i� unancumbarad, excapt for ancwnbr�ncu ol r�cord. BortowK warranla �nd wa =
<br /> dafand 9una'aky the titlo to tha Prop�rty aya:n:t aM cLlms and dern�nd�. aubJect to eny encumM�nc�s ol ncad ¢
<br /> THIS SECURITY INSTRUMENT combinas uatam cavenants Icx natbna! use and non•unitorm covenanls with knited �,
<br /> varictio�s by�u�isdktion to constilute�unNorm security instiumenl cavmng roal propKty. �
<br /> UNIFOflM CONENANTS. Borrawer und Lender coverwnt and egroe�s IoNows:
<br /> t. Paymant o4 Princip�l and Int�r�st; Pr�payment and Lsts� Ci�ary�s.Bortuwer shal!pranpSly pny whwi �
<br /> du�the p►indp�l ot and init�rast on tha deht evklenced by tha Nole xnd any papaytr�ent uu9 Wte charqes dua undor th+Noto.
<br /> 2. Funds ior Taucae and Ir.sLPSnca. SuD�ect to appGCable law or to� written warvsr by LendK. Barower shaM pay �
<br /> to lcnder on the day morithy pnyment& ue dua undx ths Note,unti lh�Not�la pald h tuY, a sum ('Fuods")for. (a)Wfarty
<br /> taxes and assessmmts which may ati�� priority over t11s Se:.urity Instrumxsi as a I:a�arti the Property� (D► yeatty leasehald r
<br /> puyments w g�ound rents on tho Property. if any; (c) ye�rty hazard or propaty tnsurance prwntums: (d)yea+iy fWod insurp�ce R�
<br /> promiums. ii any; (e) ywrty maA�app insuronce premlums,it ony:and(Q any sums pay��by Borroww to Lendar In aceardAnce t
<br /> with tho provisions of panyrwph B, in Ueu o1 lhe payrtnent of mortQage inwrance pre�»+.ims These items are called 'Escraw �;
<br /> Ituma.' Lender may, �t any time, collect and hold Fuiw�s in on ynounl no! to exc�.*zd the maxknum amount a lendar tar a =�
<br /> ledera�y retated mort�9e ioan may roqulte tor Eorroweis �:row acceLrt�ndet trie fe�.+e+-�t: Rea! Esta:e Settlement Procedurus �;
<br /> Aot o1/A74 as sr+widad from time to time, +�U.S.C.§2E�`t et saq. ('RkSPA'), unless onothtr 1aw !'+a� ��pGes lo tha Funds =
<br /> sats a lesser amount. 11 so, lende��may. s2 any tkne. co�'k�:! and �otd Funds in an anaunt not to ��:�reN tha bsser anount. ��-
<br /> Le+nder may octYnatt tM anw�nl ot Funds due on tho 4asi.� ai c�urant data and reasa�ab}a esfimates ol expen�;iUues ot A�ue �`
<br /> Esuow flems or otherwice in accordance wlth appGcable iaµ� R'
<br /> Tho FundF ahAl! ha hstd in an insGtution whose.depo9i7s are hsured by a federal agmcy,insSrutnenU�Gty. or u+Y�, (in�luding
<br /> Lender, i( lanciw..,r I� such an insliluUon) w in any Federal Home Loan Bank. Lender stwll �pply the Funds to pay tha Esc.�ow �
<br /> ttems. Lenda�ay not charge Bortower tor holdiny and applying the funds. annwly analyzinq the es._.nw account, or vwitying
<br /> the Escrow �:ams, untess Lender pays Bortoww interatl on the Funds and applkable law permits Lender to rn�ke wch a �,-.
<br /> chuge. However. Londa may require Bartower to pay a �n�tlme chuge tor an independwit real �sWte tax reportinfl sarvla =
<br /> used by lender in connecUon with this loan, w►less aapYcable taw provldes atharwlse. Untess an agreement is mad� or =
<br /> appllcabla law roqukes Interest to be paid, Lend�sh�l1 not be requwed to pay 8arowar tny tntarest ar eunings on the Funds. —
<br /> Bortowr and tander may a�ee tn vrriting, Aowever, that int�est shW be patd o� ths Fu�ds. lender sFwY ylve to Borrowu, -
<br /> wilAout charge, an snnual accounting ot t�e Funds, showinq cndits and debits to the Fu�ds�nd•rhe �urpose ta which aach
<br /> d�bil to ttw Funds wao r�de. The Funds are pledged as additional sewtity tor otl sums secund b1• Lie Sewrity{nctrwnont.
<br /> I1 the Funds hetd by Lender exceed lhe arnounts pernitted to be hdd by app{icabt�law, Lendar ahsl!account to Bortower
<br /> for the exc�ss Funds In sccordu�ce wkh the requlr�a�ts of applicahb law. It ths amount ot the Fu�ds hetd 6y Lender at any
<br /> time Is not sufflcient to pay tho Esuow Itwns N)�an c'�e,L�der may so notily Bortowar h wriUng,and, In such caso Borrowx
<br /> shaq pay to Lender the amount necessary:�r.►aKr up 3ha deficiw�cy. Borroww shall m�ko up tha deGclauy in no more than
<br /> tw�tve mor►thty payments.�t Lender's sole dis:na::on.
<br /> Upon paymant in full 01 a4 wma�oca:ed by thts Sacurity Instrumant, Lenda shall prompty rel�nd to Barower any Fund+
<br /> hetd by Lender. tl, under pa►agraph 21, Len�a shaY;c4uke a sall tha Ropety, Lender,prior to ihe acqulsiHon or saM of tM
<br /> Ropwty, shaY apply any funds h�id by Lendr at the tirnn ot acQuisiUon or sab as a�radit ayainst tha sums sacur�d by thls
<br /> Securib/Instrument.
<br /> 3. AppllCatiOtl Of Payttt�ltts. Unless appQcable law provides otherwlse, a1f payments rec�ived by le�dw under
<br /> paragraphs 1 and 2 shaY bs app8�d: firsG to any prepaytnent chargea due und�r the Note; sscond,to�rnow►ts pay+bl�undw
<br /> parayraph 2;thkd,to (ntereat due:fourth,ta pincipal due;and last, to ony late charqes dw und�r the�ibts.
<br /> �. Char��s; U�t1s. Barower shaA pay aA ta�ras, ass�ssments, charyes, &us and impositions atUitwtabte to tM
<br /> Proprty whlch may att�h prioriry ov�r thls Security Inslturmt.md hssN�ofd ptymaxs or groiu�d rants�d any. Sur.vw�r sf►�I
<br /> gay theu obli4aUons b tha rtwu►er provided in pamqrsy�h 2, or if noi paW in that m��nar. Borrower sha! pay tAa�n on Wne
<br />. .. iwii���iv�'w pwiwr iiwi�yij�i1vin. uwivnw ��w+F3.'IIiiYrj�.wT.wt3:II �w:..'�.«."r.Y -^••�!�»LMM1!1�!��h���4i ��n�ir�r t�!�! ... . . -
<br /> • paragaph. H Bortow�r m�k�s lhese payma�ts dir�ctiy, Borrower shaii prompUy tumhA lo Lender �oc�lpts wldwuiny tha -
<br /> Pallrt►ents• �
<br /> . 8arower shaY prompty discharge any lien whkh has prioriry ova thls S�axily MsUument unNss Borrow�►: (a� agrees in
<br /> writing to the payrt�t of the obligaUon secured by tha lien in a manner acceptaWo ta Lender: (b) contats in good faith tM
<br /> lien by, or de(�nda ayw�at entorcemant o1 th� INn fn, i�gal procea�iinys whlch in the.end�r'� opinbn opKat�to pnvmi th�
<br /> �nta•cernent of the lien; or(c) sacuros i�om tha ho1dK W the i�n an aynement saUsfa�ory to Undr wbordin�lM►y the lien to
<br /> thls Seatrky tnstrumant. B Lender ddamina that any part ot th�Property is �ubJoct to a Ren which may atiain priorily owr this
<br />" Security MsAument,Lender may yHe 8orro+��a noUcs Identifyiny the ien.�ortowa shal sa8aty the flan or tak�ot� a mor�01 �
<br /> ttw acdons set taRA abov�withh 10 daya o9 th� g1vNp o1 notice.
<br /> 5. Huud or Prop�rty Insuranc�. BarrowK shaN keap th�h�provernents now exlstin� or heroatt�r srsct�d o++ the
<br /> Property insured ap�inst bss by tire. hwvdt indud�d wRhh the tem� 'exiended cownye' and any othr ha:ards. indud'ng
<br /> Aoods or Aoodin9,tor whlch Lendar nqukez hs�uancs. ThIs inwrance shad be main�fined in ths amountt and for tM Periods
<br /> that Lander roqui�es. The insur�r►ca cartier providinp the insunnce sha4 be chosen by Barower subjed to Lendsr's approv�!
<br /> whieh shall not be uonasanably w8hhdd. M Bartower faits to m�kibiue coverage desaibed abov�, lenda rrwy. at Lendet's
<br /> , option.dstaln cov�ag�to prot�c!Lander's�#ghts in the Ropwty b accordor►�e withh pangra�h 7.
<br /> AY inwnnca poi'icbs and ronawats shal b� accapSabie to le�der and shaY Ert,trda a standard mortgaga dause. Le�der
<br /> 'shall have th� right to hold the poYcies v►d renewals. q�enda raqulres.Bortower shyl promptiy glve to Undx aY recaipts ot
<br /> pa{d pr�rdums anri renewd notices. In the event ot bu,BoROwer shnN r,ive prompt naticr to the k�su�►c�cartier and Lenda.
<br /> LandK moy m�ke proot oi bss d not mada QrompSy by Borrowa. �
<br /> Uriless Lender and Bortower othawis� egree in wriding. insurance�aeeds shaY be app0ad to restoration or repatr of the
<br /> Propwry damag�d,if the restoratfon a rapair(s econarOcaYy tais�le��dt Le�dor's security is not Isssensd.If the restoration or
<br /> reQ�ir ls noi sconort�c�Yy i�asible w Lende�'s security wei:ld be N�ssmed.the inwrance proceeds shall b�applisd to th�sums
<br /> secured by this Sscuriry InsUvme�tt, whether or noi the� dse, with ony wccess psld Go Bortowar. If Borrower aE�c�ons tM
<br /> ?roperty. or does not�nswer vdthin 30 days a notke irixsc�sdnder that the insurance�atier haa offerod to ssGie a doie�t, then
<br /> Lender may coled tM i�s�uance procesds. Lender mrf uss the pmcads to reFa�c oi restore tAe Roperty a to pay surtia .
<br /> saaued by this S�auiry Instrum�nt.whether or�ot then due. The 30-�a�pe�iod wif begin when the not(ce is givon.
<br /> Unbss L�nd�r and Borrow�r oth�e agree In writhy, �ny a�lication ot aocteds to princip�l shWl not exier►d a
<br /> past�wne thc a�,e�:e or�e�u,.y �y,�� relared to in paragrepfis 1 and 2 �-thangt the amount of the pnymasfs.![ --.
<br /> under pvayraph 2i fi�e Fragerty is acquired by i.ender, oarrowa's riynt to any in`au�^ce po�icies �r►G{xoceeGs resuilwiy kom
<br /> damage to SM Property prior to tfu acquisdion shalt pcsa to Und�r to th� �t of tha wms by lhis SKxuuity {nstrument
<br /> i�n�ediaiety prior to the acqWsitlon.
<br /> 6. Occupancy, Pnsarvstton, �Aaintenar►ce and P�otoction of tlw Proparty; Bonowv�'s L.o�n
<br /> A�fpllCitiOtl; LAi�hOldB.Barrower sh�ll ocixipy, establlsh, and use the Property as Bortowar's prinapal resldente wdhin
<br /> sixty days aiter the oxecutiot� ot this Security Insttun►ent and sF�a1 continue to occupy the Property as BoROwe`s principal
<br /> residenee tor at (�st one yeav ofter the date of occupancy,wdess Lender othenvise aqrees h writing, whlch consent sFul! not
<br /> be wueasonaby withhh�fd.or untess extanwting circaunst�nces erlst which are beyrond Borrower's conVol. BortaHer shaY not
<br /> desVoy. dsrn�ge or impair Uw Roperty. aYow the Properry w d�teriorats. or caixnit waste on the Propaty. Bortower shall be In -
<br /> a.lsun d iny ron.icur.ad;on a proceeaoy, wnecne�carr« cr;rrinal,ts b�un tnac in L.naer•s yooa raicn judgment ow,ld resuu _
<br /> in torf�i0u�ol tha Prop�rty or oUwrwis�rt�atorialty i�ripair Uw 6on tsa�it�d by Utis Snc�uiiy 4�.sttu�rwil or Landar's secu�iAy interesL _
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<br /> 96010
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