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<br /> � TQaET!{EA YrTiH aII the Emprovem�ts nativ or hYeafter eree?ed on tt�e psaparry. and a(I easeme�. aApurt�rtances.end !-
<br /> - � ' f{xtures naw or herersftcP a psrt a1 the property. /t0 rep3cenents, end edd�tlons ahn�atso be eavered Ey this Seeurity Instrument �;
<br /> ` AB o1 the tor�gci�g i9 r•ianed tei in th's Secmity Instrum:wt a9 tha'Pro�erty.' �•
<br /> BCRROWEii CQYENlANT9 sit'il E"rrov+er t� 1ati�'Y aElzed o4 the estate h2reDy conv6yed end hns thfl right to grant and i--
<br /> convey the Pr4qerQy en� tPiat 4Pe�FRag:rty I9 �enanaur�bered, e.�cccgt for encumbrances of reeo►d. 8omower wereants ana wiD _,_
<br />.-- dEfcnd gcm�r�.�y tha 4,�i�Ne �aqcYy a�s!¢7�hia end dn*r��.ss�jec!to r�rsy es►cumf�rances ot cetord. 4
<br /> < TFli3 S�CURlTY IN:Yff�UMENf comDnes unGom ea�rFnants tar nat2onal use and norwnBortn aovenanis wtM Qdcr�ted � _
<br /> . raTfat:o�s by(wfsffieilon to constlNte e unitarm s¢cvriy instrumsnt covering re�l Gm9EnY. . � -_
<br /> UNIFORM COYENANITB. Bortovrer and Lend:r ecvert�nt ond¢gree as toDaws: -
<br /> - 1. Poymsnt o!�rinei�ai and tnt�»� �apayrrea�4 and L�te Charsea eoRawer snan arompuy oay wnen —_
<br /> � due the prtnel�I o!and IntHest on tha de�bi evfdtnced by the Note en�any prePayment and tate chsrgas duu und°r the�tate. p _.
<br /> . 2. Fundn 4��T�c�� ar�d tnauraneQ.Sub;eet to apa8cah:a laev ar ta o varitten vraNet by lendxr.Borrower ahaU pay —
<br />-=`y to Lender on tho dsy msnUSy payr�nts ar�d'ua unrte�4he Not�. unu7 tho Noto l�peid tn tull, a sum('�ramds') tor. (a) yeady � �=
<br /> taxes artd asuesarr.�nts whtch m�y att�sIn pdariy aver this Socurtry tn�meat as a li�n on ths Propetiy: (b) yearty feasehald __
<br /> p�yme�Rs or grourtd rcnts cn ffie Frap�rty�N anK i�)Y�Y h�°t D�P�Y��R�m9:(� Y�Y Rsod Insurancc� `
<br /> � premlums.it ar►y.(e)year4y mort�g3 lnswance premivms. 11 any, end ffl anY sums payah.e by Barrotiver to Leader in accasd�nec3 �
<br /> , with the p[ovlsians o1 parega�h 8, 4� Qau of tha payment of mortgago tnsurance premium9. Theso items ara called 'Esao�1 � r=_
<br /> 1tem�,• LendFr rnay,at eny ttme, eo�ed and hotd Funds ln an umourR noi to exceed ths maxlmum amount a fender icr a --
<br /> • federaRy r�ated mcet�ge �oan maY re4uire for Borrawer's escrox account undsr the tederal Res1 @state S�ert�ent Froe�ues _._
<br /> Act of 1074 as amendzd froro t(me ta ttme.12 U.9.C. �2EOt Et seq. ('flESPA•). untess another 4zw that ayD,es to th� Fwds -
<br /> sEis e lesser amount !f so. Lender may,et erry ttma ceUect and hatd Funds tn an amount not to exceed the(esser emounL -_
<br /> .�•� .. Lend.�r may esvmaie ihs emow►1 of Funds due on tha basi�o! cun�nt datfa end ressonabie esttrnates of e�end"sture�of futu.�► r;-
<br /> `� . Escrow Items or othenvlse In a,�xordanca wfthh apD�cabla 1aw. F
<br /> The Fartds shaU be t�eld in ru�tnstr't�tton�vRose deposfts are Ins�ued by a fed�ml agency.inst�ume�i .or ent�ly Qndudng -
<br /> Lender, Ff t.�ndar ts such en(nst�ullonj or in eny Fede�1 Home Loan Bank Lender shall appSy the F�mds to pay tAe Esaow .-:-
<br /> Itens. Lender aray noi eharge Bortawer tor haidtng end apptyfng tha Funds,annuaUy analyd�g the estxow accoun�or verttyhtg -
<br /> the Eacrow Items. untes3 Lender psys Borraw�interest on the FunQ3 and appIIcabte law pxrmits Lenda to maltt� such a
<br />-�;a., " charge. Howe+rer. 1.end� may requira Borrower to pay a onetime charge for en tndeAendert9 rer+l estate tax tepaAmg senice =
<br /> usad by Lender in connectlon �vith this toan. un'.eas apPHcabie law provides o4heiwisa Untess en a�eernerrt Is rt�de ar -
<br /> eppHcMts taw reqnires i.ht�est to 6e patd I.ender shai aot be�equfred to pay Borrawer wry Mterest or eaminga on the Funds.
<br /> . . Bomower and lender rtzey a�ee in writing, hawerer,ihat interest ahaU ba patd on tho Wnds. LenQ� stts➢g�tie to Borrower
<br /> � wfthout d�arge.an anrtr�l accou�ing af the Funds. ehowing rsedits end deL.Rs to the Funds end the puryasa Sur whtch each
<br /> • Qebtt to the Funds woa e�s+de. The Eunds are pledged�s adQ�iaeal secuTtty tor e8 sum9 secured by the Sceu3fty tnstru►�n1.
<br /> . It the Eunds Re(d�p lenc2er axcead U:e umoun4s pemltted to bs held hy apa6cebta Iaw.Lender sha0 accowzt to Hotrower �
<br /> ��•••> tor the oxcess Furtds in eccaretancr�Wfth Ne�ui�nmts of apFUcabla{aw.It the amoutrt ot the Fund., held by leqdzr at arry
<br /> ra n
<br />.; r_� tUne is not suNfci�r►t to pay the Eserow items when due. Lender may so noti[y Borrower In wrftlng,and. fn sucfi case Bnirower _
<br /> shaU pay to Lender 1he amoard necessary to meke up the dtffGency. Barrower sAaU make up tha detfelency in no mare than
<br />.;„�" MreNe mnnthN P37R��.at Leada's so:o dscreUon.
<br /> f r'r- lJpon payment In tuA ot sI1 aurrs sewred by this Secinfty [nstrument, lendu shail promptty refund to Bomaw�any Fuitds
<br /> •=r,H;.:, held try Lend�ar. H.�der pu�grayH 2t.Lender siuill acqufre ar seil the Property.Lend�prtor to tha acegl��s or sale ol the -
<br /> �- Propedy. sha9 apQSy�r►y Fun�h��y leider at tha ttrne of�.ds�tlon or sate as e ctedtt sQdnst 1ho s.r�secure4 by this
<br /> '""' ', Sec�uF7t�fi�shument
<br /> ;:�i�' ' �S. Appticatlon O! PAyrl�atte. Uniess appGca6la t�.x� �Srld�zs athenvise, e1� P�g� rec�++ea by Lcinde�r under
<br /> paragraphs 1 and 2 eh�ll be apa�ed: t�t,to any prepayment e��ges dua und�ttra Nate�s�.-�,to a�as�ta payabte wder 4.
<br /> �4 p�granh 2;tMrB. ta I�::aest due;fourth.to prtndpef duo:and fast,to any late�s due�.:�°r the Na:a _
<br /> 4..��A7g��6�GF�Y18. Barrawar sha9 pay ai taues, assessments. chsrgea, fines er� finAosfHona �7�utabte to tRct
<br /> , p�,�oct�g.��'�.ich M,t�y gaaiit Ddotity aver thls 3ecu►Ity InsVUmert, �:4 taasehofd paymer�or g.�,cJ tor�ts. H ar►y. Botrower st�IF
<br /> ,� pay tt�s obYgattons in the rtsannec provided b►paragrnph 2, cr�not patd L� that manner� B�rawer she11 pay them an fine
<br /> '` � d'urectly ta the pe�son av,red payment Bocrow�ahaU pmmpUy tumtsh to lender aD naUces o!amourrts to be pald und�t thfa
<br /> para�aph. if Barower rtmfces thesa payments drectty. Borrov�er shaD promptly tumish to I.�ndes recctpts ev[denctng tho
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<br /> BaTmNer ahaU p�.a�rspVy d�scherge any tlsn wai�'s Aas pdority avet thts Security InsWment unteas Borrovrer. (a)ayeea G� .
<br /> � wtitUtg to the paym�li at the o�7gation secured by tha lien In a menner acceptabie ta Lendar, (b)corrL�sats tn good faith thu3
<br />-^r,�•..�f, Qen by►. or detends egaMsl enfacernent of the Id� in, tegel pr,aa��n9s wNch In the lea�t'�calniort aperate to pravent.ttio
<br /> ' entorea�nt ot the Get►; or(e) secures trom the hotder of U:�➢e�an agreanent aetlstactory 5u�ei�de►subordirwUng tho fwn to
<br /> � thl�Security instrument. N tsnde►dete�min2s that ar.y per!of 17�a Propetty la su6jec!to a f1��►whicb may att�tn priorfry aver thts _
<br /> Security tnapurt�ent�Innder may yAre Borrower s ci�ida�sfihl�9�e Qen. Bo�ower sheA satf?ly tha Uen or fake one dr mae ot -
<br /> the�cHans s�t tot4h obove within 10 dsys of the gfv��tsf nmlc� •
<br />� � � � 5. Harard a Propsrly[nauranco.Boriower st�A:�2p the tmprovemmffi naw efltisth9 ar here�ter ereeteA an ths
<br /> � � Properry tnsured aq�inst Wss by fira. h�rds lnci¢ded w�hln ti!ra tem� 'e�Gended cavaaga�`ar.id my other hazerds, YtirJu�n _
<br /> • 1loodo or 1looBnQ, fa whicb LenGer requbras tnsuranca This 6:s»ttce sheA be m�4iLtned�i Atag amourrts and ta the per►ods
<br />� th�t Latde►requVe�. The insurance catHer psovldi�tg the Insurance shtU bo ehosen by Borro�var subject to LenQePa epproval .
<br /> wAkh ahY�at be unreasonabty wrihhaiQ. It Bo�rower taVs to makiWn cav¢�ge de.sc+�ea ebove, L.e�►der may.af Lendgt'� _
<br /> ' epyon.otyWn cevenpe to protect lendefa dghts tn�Ae Prope�tY�aecardance with paragnph 7.
<br /> ' .� M Inaaranca poYdes and r�ewai9 ahaY be acceptaCte t�a tbnder and ohal inctudo a �dud martgi9a ciwse. LenQ� �
<br /> "��;;' � at�W have ttie dghl to hoid the RtLIn'.fls end renewa(s. H Lendo�r n.QuVes.8orrower shalt prcc�'w�y gNe to Lender eA roceip�mf °
<br />'?:�'��.: paid pterdume And rertew�l naUcea. u�the eirent ot loss.8em�sisv�haU gNo prompt noUce t�RHa tnsurence card�and Lender.
<br /> lender m�y mtice pcoot ol bas U na9 made prompttY by Bortow�
<br /> � UnTess L�ndat enw Borte►wer otheiwlse agree tn wrtitnQ,Insurance proceeds slwS be appRed to mstoratlon or repa(�ol the
<br /> • PropaRy damapad. if t�i!a restara8an o►rep�ir is economica.Ryr teasibte and Le�E�r's security is�ae feaaened.'ff the testora�on or
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<br /> • repalr 19 not ecoac+r�a�y teasmle or L�der's securiry wouid be tessened,the mrsarance{xoceeda slwY be rppfled to the sumo
<br /> secpred by tAta 6lsuRty Instrument, whether ar nat then�e. K� any excess pald to B�reswer. if Borrower ab�ndona�
<br />. .. Prop�sy. r,�do� cat answer vldhin SD daya a notice irom 1�:�:a rhat tha Insurance csrtks t�,�s ofiered to settJe a ctalm,ttum
<br /> � " L.�dar may cc�'�c�ti�e insivanee proceeds. I.ender may use ths proeaeds to repaU or ros3,.-�ce the Rmperty or to pay aums _
<br /> � secured by UUs�aa��irj tnstrumen�whelher or not then due. "Phe 34day pedod wIIl begJ►wh�the nWL�CO b giv�n. `
<br /> • Un{esc Lardcr an� Borrower otherwlse aryoo In wridng. erry epPNcetlon o1 procesda t� pdncipsl stoaJ not extend or _.
<br /> posysone tho dl�� of tRe monthy paymenb cefctred to in patageph�1 end 2 0�eh�nge the emo��tU Ct the paymenb. If r
<br /> ' under pa�a�h c1 t�e Propetiy is e^,.quked by Lender, BorravrePa dgAt to any trtsuranco poG�.�end proceeQs resuRFng t��:n
<br /> .":��, .• demer,�tn the�rcperty pdor to r,��e acqui,tilon sheJ pass to Lander to tAe aRen! 01 tha euc�d by this 3ecurity fnsbt�nl ::
<br /> ., � immeC�atN!►Pttot ta L`e acquFsiUon.
<br /> �� 6. Occupsutey, Pres�rvation, Maintananee and Pratection oi ths P�oper�y; Barrawa�'s loan
<br /> Applieation; L.��,teh0ld�.Borrower sha8 occupy. eslabQsh,and use the Properry as Borrower's princlpal 4esidence vlrthin
<br /> �'. sbRy days after tho exeallon of this Security Instrument cnd shall car�tinus to occupy the Property a� Borrower's pfnc�al
<br /> raslQenes tor at teast one year efter the date at acwpancyr,unta� Len6er olherwise a�ees in writing, whleh consent she0 arot
<br /> � . . be unreaconaby wilhhetd,or untess extenuaUng cl�cumstances exist whieh ete bo}rand Borrower's corttrol. Borrawer sh�0 not
<br /> destroy.damago or Impair tho Properly, eflow the Property to detetlo►ato, or comrtttt waste on the Property.Borrower sh�B b0(n
<br /> • detauft H eny foAeiture acUon or procee�Fng, whether chr�or eriminal.Is begun that In LendePs flaod fafith}udgment eould resuit
<br /> � in totfefture of tha Roperiy or otherwiso materl�Ly Impalr tho Iien ueated by this Security Instrument or LendePs sauuity tntere�t
<br /> � Ft315:'';frl9S) Pago�ol 5 �.t�
<br /> 96�04
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