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<br /> ' TOGETHEN W�TH �Y th�Mnprov�nl� now w h�rsattK onctad on th� proNerty, �nd aN wswnonts, appurt�narica�, and
<br /> Ibctura: now ne AKe�her s part e}the property AM ropl��emente and aciddion� ah�11 s:ao b�covot�d hy th4+�acunry InsVumwil ,_
<br /> i�N GI ih�I�u�c��y ia�o(w�ru lu w�Ihis.^w�,Giiy tnsG�o��i �a ihi ��`ON"..�.' _
<br /> BOARO�AdtR CUYEN11NT9 lh�t BorrawK Is ywfuly s�it�d of th� Ntat� hKO6y convoyocl w�c3 has ►I�o ��ghl to gt�nl �r.d �
<br /> convRy th� Pro�rty �nd thal lA• RopMty Is unlncumbr�d. u�cpt Sor �nwmbrances of ncord. Bortower warr�nty antl w�! _
<br /> �..`��b�:C�th=t�ta th'f'�ca-rf;����t �I c+!��y�!!��nc�. +u�,,Iw:1 lo an��r►c�ufduancw o!r�cord. _
<br /> TNl9 SECURlTY I�tSTRUMENT conwlnw unNomi covrnants tor natinnal us� and non-ur►ifam covmants with I+riitW�; __
<br /> variaSions by;urt:dirtlor to r.anslMUte a unHorm securily M�trum�nl covsrk�p re�l propKly. -
<br /> !1NlfL�RMi COYENANT�. Barrower Rnd Landar covw�ant and�grw Ms toNows: `
<br /> 1. P�y�at�! a! Pf�nclpsl �rtd tntwas�: PnraVmsttt and Lst� Chardss.8arowe►ehaN P+'W^Pt�Y P+Y W�t�b _-
<br /> du�th�princip�l ot�nd k�terwt ori tha dabt evldanc�d by t�s Notr And any prcpayment s�nd late c�wryes du�under th�Nota.
<br /> �. Fu�do ia�T��� W►d Inaurat�c�.SuDhct to�pplicsbla law a to� writt�n w�lwr by L�ndar.Borrow�r shttl pay �' --
<br /> to Londar on tM day montf�ly paymenit �1r� du4 undu tho Nota, unUl th• Note la pald In tuA,a sum ('Funds") fw: (a)yoady � _
<br /> tax�a +�nd �sso�pnanis whlch may �tulri prlority ovw tnls Sacurity U►sWrn�nt as a Uan on tAe Property; lb) Yearty leasahold , C:
<br /> p�ym�nts a ground r�nts on th� Prop�rty. II�ny; (c)yetrty hazard or proputy insuranca prertaums: (d) yeuty flaod inwrance �
<br /> prerNums.N�ny;(a)ywrly m<utgaye Insuranoe pnmiums.N any:and(Q any sums payable by BoROwer to Londar in accordance � �
<br /> wiih th� provislons ol pa�ra�graph 9. In liw o1 th�payment of mortq�ge insurance premiuma. Thesa items are called "Esuow ;�_
<br /> Itams.' L�ndw may, �t any tlm�, coM�cl and hold Funds in �n �mount nol to exce�d the maxkrwm amount o la�der for a __
<br /> fedrally ralatod matpage loan may rpuk�tor 8orrower's esaow �ccount undar the fadenl Flea! Estate SetUemwit Procedures ="
<br /> Act o1 1974 aa�mw�d�d trom timQ to Ume,12 U.S.C. �2601 et seq. ("RESAA'), unless nnather law that applles to thQ Funds �
<br /> sets a kss�r amouat. N so, Lender may, at any tlme, co11aG and hold Funds tn an amount not to exceed lhe lesser amount. _
<br /> Lender may vstknate ths amount oi Funds dua on tho basla ot curtant data and reasoaabl�estknaWsti ot expenditures olluture r-'
<br /> Escrow Iterns a otherwl�e in accordance with appuC.�ble law. `
<br /> Tho Funds shaU he hotd In an institutlan whocp dr,��.osits suv insurod by a tedera!agenoy.instrumsntality, a•entity (including __
<br /> Lendar, il Lander is such an institutton) or In c�ny Federa!Homa Lwn Bank. Lender shal►epp,y t1e Funds to pay the Escrow :;�=�
<br /> Items. Lend� may not charye BoROwer for holdinp and a�lying the Funds. annuaNy anatyzing the eserew accaj;`. or verlM1/'wig -�
<br /> tha Escrow Items, unless Lender pays Borrowar Inte�ast on the Fu.�s z�d a�.�Lcabk law pesmits lender to n�siie such a
<br /> charge. However, Lender may roquka Borrower to p�y � one-time charge for an in3ependent re�1 ostate tax re�aRiny service
<br /> ussd by Lender ln connecUon with thts ban, unless a�plic�ble I�w provldes othentiise. Unless an agreenwnt is made or
<br /> applicabte{�w requkes htorest to be W�Id. Lende shyl �ot be requkad to ps►y BoROwx any Inlerest w eamk►ys on the Funds.
<br /> Barro::�� sn� Leade�r rr.sy� aQrr_ !n writkig, ho�!_wer.L�!! Mterest shrq �x �++�ki rx� the Fu�da. Landar shall giva to Bortowa.
<br /> wdhout chu��,�n annual accounUng of th�Funds, sAowing credita and debity to the Funds nnd the purpose tor whkh sach
<br /> d�Eit W tM Funds was made. Th�Funds u�pNdged as addiHOnal securiry tor all sums securod by the Secu�ty Instrument.
<br /> N tM fund�hetd by Lend�r �ccMd th�unounts permitted to be h�id by�pp4cabl� taw, LencNr shaW account to Borrow�r
<br /> for tM NccMS Fundf In accord�nc�wqh tM r�qulr�nNnts of appl3caW� law. t1 tha amount of th� Fu�d�h�td by Undet�t any
<br /> flrM b nc,t wlAcf�►t to paY tM ��ow It�+n� wMn du�. L�ndu may so notiy Bortow�r In writinQ.�nd,In wch cas� Barown
<br /> shall p�Y to ��th��nwunt n�sury to m�kr up the dMkJsncy. Borrow�r sMY mak�up 4h�dMkbn=y In no mon th�►
<br /> ��n►onthy p�ynNnp,at Lw►d�r's soM dischtbn-
<br /> Upon p�ynwnt In fuY ol dl surt►s t�cxu�d by thlt S�wwrqy Instrum�nt, Undr shall prompUy rM�d to Bortow�r any Funds
<br /> Mtd by Und�r. H, unGr panqnpl► 21, l�nd�r shall acquk� a sMl th� Prop�Ay. l�ndK, prto+to th�acqulsitlon or sal�ot th�
<br /> Proputy, shsli�pply�ny Funds hNd by I.�nd�r q th�time ot acqufsition or sal�as a cr�dil a�lnti th� sums s�cur�d by thls
<br /> S�Ctuity Instrum�nt.
<br /> 3. A�UC�t1011 O'f Piy111�11l�. Unksa appWeabtt law provlda othwwk�, a11 paym�nnta rsc�ivW by Lendw undK
<br /> parsqraphs/ and 2 ahW M�ppli�d: frst. to any prepayrt►snt charpes dw undsr ths Nots; second, to�mounts payabte undr
<br /> pu�pnph 2; thlyd, to intKest due;tourth,to p�indpsl du�:and last,to any kts eharges due undr the Nota.
<br /> 4. Chaf�s; W�1s. BortowK shall pay afi taxss. w�sunents. clwgea. finss and imposlHons atUibutable to the
<br /> Proo�rtv whfch nvY�dain wloritY ovar thts S�cwiry Inttrummt,and bas�hold paymants or pround renk, tf any. Borroww sh�ll
<br /> - - -pay theee obYp�tlons in the m�nner Provld�d i.i psnu�raph 2. or d not psid h that rtwnnar. Borroww shaY pay them on time -- -- _
<br /> dir�dty to th� pKSOn owed payrtwnt. Borrow�r chall prompty tumish to Lendet aM not)ces of a+rw�uits to b�paid unda thls
<br /> parayraph. If Botroww maka th�s� payn'wnta dirw�fy. Borrower shaY prompty tumish to Londx rsaipts evldanc9np the
<br /> Payrtnents.
<br /> BortowK shaM promptly dkcharye any kan whlch has ptiority over tlas Seaxity Instrument unkss Bortoww: (a) agrees in
<br /> wr�k►y to th0 p�yrtwnt of th�obYy�tlon sscured by tha lian in a nmrx�er accaptabte to lender; (b) contests in good qkh the
<br /> �ien by, or dehnds tydnst entorcerrnnt ot the Yen in. Mg�l proceedr►gs whkh in the 4end�►'s opinlon opxst� to prevw►t the
<br /> �ntorcarrunt of the Il�n:or (c) secu�es&otn the hotda ot tht lien an ayreement satistactory to Lender subordratin9 th�Ye�to
<br /> thk S�cwity Inswmw�t If L�nder dalartNnes that any paR of the Property is sul�jed Lo a Uen wt►ich may attairt�xpority ovr thk
<br /> S�auity It�stninwnt. L�nd�r mty gNe Barowar a noHa Identify{n�th�flen.8orrowa shaM saVsty tM iiwi or taia on�or ma�+of
<br /> the actions sM foRh�bove withln 10 daya o4 th�glv'v�of notkx.
<br /> 5. Har.ard or P�oparty tnsuranc�.Borrow«'shaM keop the knprovements now existir� w hereaRer oreded on tRe
<br /> Prop�rty insured a�hst bsa by fire. hazuds inducbd wiihln the term 'cxtended covenye' and any othar huards, includ'iny
<br /> tbads or tloodinp. for which lr�der rpu'ras insurana. Thk inuuance shall be mai�K�ined h the amounts and tor the periods
<br /> tlut L�ndK r�quires. 7h� insurance cartia provi6ng the Insumce shaA be ehasen by Barowar suDject to lende►'s opproval —
<br /> whlcA sha11 not be unreason�bty withhheid. ff Bwrower faBs to maintaki covenge described�bove, Lender may. at Lend�r's
<br /> opUon,obtain cov�ay�to prot�et Lend�r's rights In tM Property in�ccordance with paagraph 7.
<br /> A!I inswance policies and ranewals shaY b�acc�ptable to lender and shaY inciude a standud moRflaye clause.Lendir.
<br /> sf+all hav�tha tfpht to hold th� poiid�s and ren�wab. It Lend�r nquke�. Bartoww sMiN promptly qiw to L�ndr ar roafpts of
<br /> pald promi�uns md renwvaJ notle�s. In th�want of bss, Bonwver shaY plve prompt notics to the Inswanc�cani�►and Lender. •
<br /> LandK may m�ce prool uf bss d not made prompUy by Bortowa.
<br /> Un{ns l�ndar and Borrow�►otherwise ayre�in writiny, inwnnu procsads stwM be app0�d to roatoration or repalr ot the
<br /> ��P�Y�9b• q the restor�tlon or npak is�conank�aYy feasibie and Lender's securiry Is not {essaned. tt the restonUon a
<br /> np�k k not �conorNc�Ny ta:ibt�a La�dK's s�curiry would b�less�ned,the Insurance proceerls shaY be appYsd to the sums
<br /> sac�u�d by it�lc Soauity Insuuas�n� whathat or not then due. with any excess pa�d to Borrower. N Bortower ahandatis the
<br /> Prop«ty, or does not answa withk� 30 days a notic�t�om LendK that the hsurynce cartisr hu oftersd to settte a clalm. then
<br /> L�ndK m�y col�ct the inwnnc� proca�cls. L�nder may us�tha procMds to rep�k o►rcstore the Propaty a to pay sums
<br /> s�curad by thk Socurity Instrum�nt,wh�or not thw►due. The 30-day period wW beyin when the notice ls yNen.
<br />., IIfl{M! LNIfIM a11d �QROWM OtF{MSN�Ea a61M �fl MRII1110. Yfl�! Y�ICaYIWI Ot +1fOCNfIS t0 pI1fIC� iFNY IWf B�QIY{t� Of =_�
<br /> postpon�th� dw O�U of tM monthly paymenta ret�rr�d to in psraprapAs 1 md 2 cu chanye th� artaunt o}th� paynwnts. If
<br /> undr parapraph 21 th� Proprty Is acqulnd by UndK. Bwrower's right to any insunnu poicles and proceads resuMing kom
<br /> d�rnsy� to the Property pdor to the uqufsitlon sh�N pass to L� to th� wct�►t of th� sumt by this S�auiry Instnimcnt
<br /> inrrMdiatey ptior to the acquls�tion.
<br /> 6. Occupancy, Pns�rvallon, 1Ralntonanco and Prot�ction of th� Proparty; Borrowo�'a Lo�n
<br /> AppllCatlOtl; I.�as�hOlds. Bo.'rower shall accuPY• �tab{;sh. and use the Property as Batowx's principa!residence w'dhin
<br /> sbdy days �itK the �xecutlon ot tras secur�ey �svument and sna� conUcue co occupy the Property as eorrowe�s princ�ai
<br /> resldenc� lor al{s�st one yeu aft�r the date o1 occupancy, untess Lender otherwise agrees in writing.whkh consent shall not
<br /> W unrsasonably withheld. or unless extenuaUng dreumstances exist whkh are bayond BortowePs conVol. Bortower sha11 not
<br /> desVoy,dartuge or Impair the PropeRy, albw the Property to deteriorate, or conwr�t waste on the Property. Bortower sFuN be in
<br />- detaull if any taleiturc�ction a proceeding. whether civil or aiminal, is beyun that in Leader's good itith judgment could resuH
<br />-- in forleiture of the Property or otherwise materirRy ir�ipair the Ilen created by this Securiry InsWment w Lmoer's secu►ity nterest.
<br /> f1J16.LM0 13�6) Paqe 2 Ot 5 ' _���
<br />= 96036
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