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<br /> . TOGETliER WfTH W th�h�ovwnmta now a AKw�ft�r arct�d on th� proputy, and aY Marnrnts, �ppurt�nanct�, and
<br /> �ctuns now a h�r�altK a part of thR propwry. AN nF+lac�nts rnd�ddlbnc sh�N�Iso bs covK�d by tAis Socurity InsWm�nt
<br /> • 1W o!th�foreqafnp ks rerasre�to in this Se:.urtty l�sWment a.tha 'Pt�pKty'
<br /> BORROYVER c:OYENAPlTS ttat Barow�r la iawMNy s«zW of th� �state t�w+by convoy�d�nn has Ih� np�t ta gi�nt and
<br /> com�y tha Propwty and tMt tha Rroparty is unaKUmb�r�d. �xc�pt lor �ncumErancas nt rscorc! Borrowr warrants and wiil
<br /> dd+nd g�MraYyr th�tiU�to iha Prop�rty��lnq uM tlain�a�nd d�mands, subJact to any �ncumbranc�s ol racord �
<br /> THiS SECURISY INSTRUMENT con�t+lnu undarm covwuintc for natl.x+ai us� and non•u.-iitam wvwwnls w+th 4mit�d �
<br /> wriatiant bk kuicdiclbn to c.on4titut�a wiltom►cocwity wuvwnwit cn�xnfl roal pro�wty. 1
<br /> UA!lFORM COVEl�ANTS. Barsoµar snd Lt�nrar co�ansnt sn�agruo as ta:ows
<br /> 1. Ps►ym�nt of P�inclpa►1 u�d Int�r�mt; P�apaymen! and Lat� Char��a. Bwrower shaL prwt�+Uy pay when �
<br /> duo tha princ:pal of an�int�raat on the d:tt ovltiancad dy tho NoJo and any pr�ymant and Wo char�a d�w und.x thQ Note. w�
<br /> 2. Fund� far T�xo� �nd Insurru�ca. Sw;ocl to�IicaW�law or to w writt�n ww'vw Dy ltnder. Baroww shW p�y W
<br /> ta l�ndar on tAa d�y mpnthiy paym�nti ar�due unda th� Not�, until th� Not�Is psid h tuY, � sum ('Funds'► fpr: (a)yaady
<br /> ta�:�s and �sa�ssm�nta which may�twi prlority owr thic S�curity InsLwnsnt �s • f'Nn on th• Prop�rty: (h) yeady leaschold �
<br /> WYm�nia or ground mts on tM Prop«ty. H�nY� I�? Y�Y�+�►d or propKiy insuranc�pr•wrlumi; (d? Y�Y� inwrana+
<br /> pr«niums, if+uiY� ��I YM►tY mcxtqsq�kistuanc�pr�rtaums,if any: and(Q�ny sums payaWQ by Borrowar to L�ndar In RccordancQ
<br /> with lha provitloris ot parayraph B, In Yw o1 the paymant ot mortgage insurance pramiums. Thasa itwns are cauod 'Escrow
<br /> It�.• Lend�r may, at any tirw, cotl�ct and hold Funds in an artwunt not to axceed tha maxk�wm amount a lendor lor a
<br /> tedra!!y rWai�d mortpsqe loan may raguk� tar Borrow�'s escrow account undw tha tadvral Roal EstatQ Sattlament ProcxMuos
<br /> Act ot 19T4 as�rr�snd�d�rom Ume to tlm�, 12 U.S.C. �2601 M ssq. ('RESPA•), un:�ss anotMr law that a�{�Iles to tM Fu�ds
<br /> sots a iessar amcur.t H so, l�d�r rtwy, tl�ny tims, coYad and hotd Funds In an amouni not to�xcsad tha kss�r amount.
<br /> L�ndr m�y �sfsrsat�th�amount ot Fundc dw or�tha baslc of curt�nl data and�wsa�bt� athtiatos ot w�panditur�s of lutua
<br /> Escrow Itwns w oih�nv4� in accord�nca with applicabta I�w.
<br /> Tho Funds shall b�hek!in an Instilution whose doposits are insurod by a todera!agency, inskumentaGty, or entiry ('w�cluding
<br /> Lendv, If londer is such an Institutlon) or in nny Fodual Hane Loan Banlc. Lender shaY appy the Funds to pay the Escrow
<br /> Itwns. Landar may not charye Borrower tor haldir�p and apptyln9 the Fu�ds, �ualty anatyzinp the escxow accowit,or vwitylny
<br /> th� Escrow ttm�s, unfvss Londer pays BarowK Intx�st on the Furids �nd applicabts kw permits Lender to makQ such a
<br /> charfl�. Howava�r, L�nder may r�quk� Barrewar t�pay a on�tkn� chufl�for rn Indspendent rea! �stats tax reporUnfl service
<br /> usad dy LondK in connectbn with thla loan, uN�ss ��bb I�w provldw otharwiss. Unbss an ayreenwnt is mtde or
<br /> appOcabli tow nquk�s fntar�st to b�pald, londer shaN nct De nquind to psry Bortow�t any int�c�st or�untnys on the Funds.
<br /> Bortawr u►cl l«►d�► m�y wx�e in writ�ns. howrver. 1!�!�ntKeet ehaM he pald on the Funda. la�du sha!! g:vc ;c 9artowcr.
<br /> wkha►1 charga,an annwl ar.counU'►y o1 the Funda, ShowinQ credits ar►�i debits to the Funds and the purpose for whkh eaCh
<br /> d�bit to the Funds waa made. The FunrJs uo plesiged as addditttana!socurity Tor al!sunu securad by the Soc�uiiy InsVumenl.
<br /> I!tha Fur.ds hqd by La►d�r �xcsed the amounts permitt�d to be t+�Fd Dy applicabta law. Lendar shall account to Borrowx
<br /> for tha exc�a Fur�ds In accordu�a with the raqulre�nor�ts ot applicaWe a�++. I1 the anwunt of the Funds hald by Lenrfsr at any
<br /> tMne ia not wificie�i to pay t!»Escrow It�rns when due.le�der may so notity Borrower in w►iting.and.in such case Borrower
<br /> shall pay to Londar the amoeu�t nec�ssary to m41a up ttie d�Gttlen�y. Borrowar shafl mafu up th�da4clet►cy in no rtwre tlw�
<br /> tw�lw monthy payirwnts, at landar's sola dlacreiion.
<br /> !)pon p�ym�nt in tuY of a9 sums s�cund by thla S�curiry lnskumant. Landre shall prompUy ��tund to Bortower any Fu�ds
<br /> held by Lender. If. undr pan9raph 21. :erncb�r sfuW acqulr�or sW th� Proprty. L�ndu. prior to tAe acquislUon a sa{a of the
<br /> ProP�rtY,shafl�ppy any Fw�d�hald by Lw�dr at tM thtc of soqulsitlot� or sal�as � cr�d'R ap�inst th�suma seaued by tl�ls
<br /> S�curity InsUutn�nt.
<br /> 3. Applicatlon of f�aym��. Unbss �ppqcal�e 4►w provid�s oth�wisa, alt payrtNnts rec�Iv�d by lendx under
<br /> paraqraphs t .nd 2 s►aw ba.ppY.d: uise,to.nv pnp+�,,,.M ct,aryss dw und..tn.kata: sacond.w.maunts Payabl.under
<br /> parayraph 2;thid,to interost due: tourth,to pr(ncipal due;and{ast,to any Iate charg�s du�undar the Not�.
<br /> 4. Clt�rQ�s; Ll�ns. B�awar shall pay aY taxas, usessm�nts, chuy�s, Ana and imposNlona att�ibutaWo to the
<br /> Proprry w.'oK:fi may attaln pBoriy ovK tl�is SuwRy Instrwrwmt, and Mas�hold payrtwnts a ground �b,d any. Borroww shaN
<br /> MY tMs� obli0�tions in tM mw�r CraieMd in Dvaaraoh 2, u if nd wld in th�t wan+w. Borrowr shaY �v th�m on tirn�
<br /> dksct�r to Na pv�aon owsd �aaymenl.� Ece�cwu ahsll prom�ty tumfsh to Lendu eN no@ces ot amounb to ae psld under thls
<br /> par�graph. U Borrow�r m�lua th� pay+�+ents dir�ly, Barrow�r shall prampty TwNsh to Lwidr rac�tpte Mrid�ncin9 the
<br /> payntents.
<br /> Bortower shall prnmptty dischuge �np Len whkh has ptiority owr thls Securily Instrument unbss Borrowsr. {a) a�sas In
<br />� wridny to the paynNnt of th�obiiy�tlon s0c�r�d by ths Ibn In a rtwu�er accaptab{s to Lor►da; (b) contests In good taith th�
<br /> Yan by. or ddands ag�hs! onforcan�nt of tlw ii�n In, ly�l ProcMdinQs whkh In the UndK's opkdon operat� to prevmt tM
<br /> entorcement of the Ibn:or (c)e�curos irom the ho{dr of U:�fien an apreanent sa�oryr to Lander wbordinattng tAe li�n to
<br /> tNis S�axdy Instrurtw�t H L�ndr d�minea Uut any parl ot the Ropw�ty b wbj�c!to�Wn whlch m�y attatn p�iorlry ov�thlc
<br /> Sscurity Instrument, L�ndr rrwy qive Bortowr� noUc�Id�ntiyk►p the!'Mn.Bortowa ahail satisty the Ym or tak�ona or mon of
<br /> the�ctions sd tath�bov�wlthin 10 days ot th�ylvhy of natice.
<br /> 5. Hazird or P�op�rty (nsurawC�. Borrowu sh�l keep ths improverr�ents now�xkNng or hsrsatbr erectad on the
<br /> PropNty Msund apahst bss by firQ. haxar�'s int�idsd withln ths tatm 'e�cta►ded wvenQa' and any othar hazards. indutliny
<br /> Aoods or Aooding.tor wh�h Lendw requlrss insurance. This hsurance shall be mtintained in the amounts and for the periods
<br /> that Landar nquiras. The insuanp cartiK providing thc+nsurartce sttaM be chosen by BwTOwa sl1bjeC1 to L�nd�r's �pproval
<br /> whbh shall not be unrusanably withl►Md li Borraw�r tsils W nvintin covenge datcribsd�bov�. L�nd�may, ct 4ender's
<br /> . opNon, obtak►cov�raQp to prot�ct tandw's r'r,�►ts in tha Proparty h accordanc�wkh parngaph 7.
<br /> A!i lnsurance po�icl�s and r�waFs sR�1 be acceptable to Le�da and shall k►dud� • standarc8 eartyage clause. Lenda
<br /> stEaM hav�th�rl�ht to hold th� polici�s�rsd ranwv�ls. If Lenda►requires. Bortower shap promptly 9ive to L�nder a8 raceipts of
<br /> �ald Pr�rtrums�rar►avat nctias. ki tM went ot bss,Bortower shalt yive prompt notice to U�e insurance carti�r�nd Lendr.
<br /> 4.ond�r m�y m�ko proof of bss Q not rrwde promptly by Borcowe►.
<br /> IN�Mss L�ndK�nd Borrowx otherwise agree in writing, inwanc�procseds ahall be appfied to restoration or repalr ot the
<br /> PropNty d�s�ayKf,H the restor�Uon a rapa3r ls aconornk�Yy 1wsiWe and Lender's securityr is not lessened. H ihe restaatlon or
<br /> rapalr is not economlcatly feasible a Len�er's sacwity woutd b� lesaensd�the inwrance proceeds shaR be applied to the sums
<br /> seau�d tiy thls S�auiry Instrument, wheti�er or not thon dw. wlth any axc�ss paid to Borrow�r. If Borrowx �bandons tlw
<br /> R'W�arty. or doos not answr withk�30 daya a rwtica irom land�►that tha Insuronc�cartisr has ot(ered to s�tle e ci�1m. then
<br /> Lendsr rt►ay colMct the(nsu�r�ce procaeds. Lendx may usa th� {xocaods to repair or restore the Property or to pay sums
<br /> socured by thls Secwity Ins�:rt�ent,whather or not then due. The 30�day period wiY begin wh�n the nottce is give�.
<br />' Unless Lander and Borrower otha►visa aflree ln writinp, any applicatlon o1 proceeds to principal ahall not extend or
<br /> ' poatpon.ths du� d.ta of tna mo�Jv oav�w►ts r��d ta h p�r�ghR 1 a!►d 2 or chsr�tt!s�!!�r1rt! ef the�s;ma�ta.!t
<br /> una.r para�apn 2� u�e Properry is.cquin:�a Dy Laeaer, earrower•s dytri to.ny Insuranca{x�liaes and proceeas resuulny nom
<br /> dartwys to ths Propaty prlor to th� acquisitlon shatl ptss W I.ond�r to tha �ctant o!the swns by this Secutirj tnsUwiwnt
<br /> hune�atey prior to ttw�cqutsition.
<br /> . 6. Occupancy, Pr�nratlon, �Aalntananca and Protoctlon of th� Prop�rty; Borrowsr's Loan
<br /> AppliCatlOn; LYi�hOlds.Bortower shaY occupy, establish,and use the Property as Bortower's prGicipsl residence within
<br /> sixty days aft�r th� exsaitto� o} thls Securiry InsUumeni and shall wnthwe to occupy the Property as Borrower's prineipal
<br /> resldenc�tor at Iwst one yev�fter the date ot occupancy, un{ess Lendar otherwisa ayrees in writing, which consent shall not
<br /> be unreasonably withhdd, or unbss extawating eirqunstancos exlst whlch are beyond Borrowar's control. Borrower shall not
<br /> desVoy, damaqe or imp�lr;he Properry, aYow the Property to deteriarxte, or camirt waste on the Ruperty. 8ortower shall be in
<br /> dafauR H any tor(�Que action or proceeding, whather civil or uimkul, is bepun that 1n Lender's good taith judgment could resWt
<br /> in foA�ituts of th�Property or otherv+ise matetiaYyr impair the lien crealod by this Security Insirument or lender's secu►dy iniarest.
<br /> F7316.LMG(3/96) Paqe 2 ot S
<br /> 960°A
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