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<br /> ; and iN NsN»�nt�. �ppurt�ruuuw, and
<br /> .R W11H W the �itn�nts now or hrwRw +netsd on th� P�oF� -
<br /> YOQETF1t
<br /> .i�clur,w �w„v pr ha;a:li�r a ptR ot the prc+�+uty. AM rap�acacant��nd addAkx►s s!►�I alao W covrod by lhia S�curity Instrwrwit.
<br /> A!10!th�foregc�A r�f�rt�d to fn thtr S�curiry InsGum�nt r�tn�"Pra�'ry• �
<br /> HpRROY�'EN COVEWINTS tt►�1 Bortoww Is IawluYy s��d ol tha aUts hreby convey�d�nd h+�� th� riyht to grsnt and� c
<br /> cot�v�y th� R'�p�rt1+�nd that th� Proputy la w+�ncwnCor�d �c;,�pt tor�ncumbi�nca� 01 f�CBfd. BOROWK warttnte and vriY� _
<br /> tiww�u yiw�w::�i t`.6"»`C tC Ih� �M!�f;�Ma4ta1 aY a4n� and dlm�1►da,wbJ�c!to any�ncumbnnc�a ot ncord. _
<br /> THIS .°,ECUR1IV INSlAUi1AENT combJn�a unNam aovw►ants for natlonal us� und nan•wutortn covena��t� w�.7 t:�`c3�
<br /> vari+i�ona by jiuts�t..�M?--�ta consGtute a unNc+rm s�cu�ity fr.avumont coverN�q na!propa�ty. -
<br /> UNIELHM CQ�ENANTS. Ba+rowet and Undar cownanl«nd�yne as foliow�: ��yy p�Y _
<br /> �. p��t o�r Prtnclpa! and int���t: Pr�payr.�ant and Ls�te Chnraas.9aROw.r shau w�'a^ --
<br /> 1� �,��hw ruinc�oal ol�nd IniKxt on the dabt avk3�nGd hy th�Not�ano�ny Wop++Ymwii w�d la;a ch::rqcs u9i�unde.►tl�e Nntw �
<br /> ? C...wia fnr Ta�c�! and (i1SY�'lA7CO. SubJxt to apprescle iaw w iv:�:�a'� :::•:•�b, -"i'�••, a�,rr^wa►shaY wy �
<br />� � � ts an dua unde�thY Nat�, unti) tna NotY IL pzici W� iu'r'. : oa��� �F��Si'.�•)��'� (•� ;..�1;. C� _.
<br /> to La►d�r on tna d+y mo�thN MY� p loasehotd � -
<br />� taxes �nd au�ssmmta whkh may �ttaln PrloritY ovr thls S�cudty I�sin+m�nt �a a H�n o� the Rropeity; ( ) Y�Y _
<br /> � paytnants or qround rmta on ths Propwty. H�ny: (o)Y�dY hata+d or propaRY Insunnca prm�3uma: (d) Y�artY Aoad Inwnu�ce �-
<br /> � prerNuma. if�ny: (�l Y�N�4a9s k�surance��ms. H�ny;�nd (�any sums pay�ble by Borrowor to landar In accordu�:.e � _
<br /> wRh th�provlslona of paragnpA 8, in lisu o1 i'w� �almsnt of mortsage Insurancs pr�nlums• These awna ua caMed 'EA�aw a
<br /> Itwna' Lendor miy. at any tkne, co�Ct and hN3 Fund�in uti �mount not to wccMd tha maulrtwm am,unt A lai�.v far a
<br /> � tod�raAy r�tat�d morlpsqe loan may nquiro tor Barowx's Kcrow account undr tha taderal Rwil Estate S�ttlenwnt Procw�ras�
<br /> (� Act of 197a w amandod trom tYrw to thn�.92 U.S.�.g 2601 eR�ad hotd Funds In �n �uttount not to taxc�d�s t����O��
<br /> � aK.s a loss��mounG H to, Lender m�y, at any SYn�, coY�ci ddurp ot lutun� -
<br /> Und�r m�y atirr�t�th�amouru ot Funds dw on tM basL o1 curt�n!data and re�son�bN athtitss ot ��+ .
<br /> Eeuow ftems a othwwu�In accordrnc�wfth appBcabt� taw.
<br /> Th�Fur�dt shW ba hald in an (natiWtlon whose daposlta an Inw��d by �tadeal�g�ncy,hstr�rt►entality, or entitY(4►cludin9
<br /> tm,i�r. � UndK 4 such an 4istitutlon) or In any F�+� Hom�Loan &nk. Und�r shall appiy th� Funda to paY tha Escrow
<br /> It�ss. L�nWr may not ch�rq� Bortoww tor holdln��nd 4pPNinp tM Funda. �r►nwMy�nalyzin9 th� �scxow account. or vsriyk►4
<br /> th� Etaow It«ns,w�tqs UndK pays Barow�r Intw�st on tM Fundi and appAc�bM law P�mYts Undar to malco wch •
<br /> charp�. Howw�r. lnd�r m�y nquk� Bo�owar to pay • on�tlm� charp� Uor sn Indpa.�d�nt nal Ystats Wc nQortln4 sKV{c�
<br /> uad by L�ndK N con�affon wMh thla bu►, untus uPP�� �w DrovldN oth�wit�. tfnNu Iu� �4�+��t Is m�d� or
<br /> �pplk,�pM I�w hqulr»htr�at to bs pald. Und�r aNM nal�nquk�d io pay Eiortow�►�ny IntrKt ar wt►�r►p� on th�Fw+da.
<br /> BOROW�f �L�fli� Ii1�Y �1i�w w� w�'�.':y. h::'-:�. tl�•s .yt�r.�t ahaY b� Dild Orl tM Fund�. L�nd�t {haK qN� to Bolrov�n►,
<br /> wNhout�har9�, an u►r►ua!�ocountln�W th�Fw►d�. thowYp cndRS �nd d�bit�to tM Fu��nd th�W+rFo�tot wt+ICh Mct�
<br /> d�blt to tM Fund�wa�nwd�. TM Fundr w P����ddiWxwl s�curilY tor dl swru s�ax�d by ttw S�cu�y lespurtw�t.
<br /> 11 th� Fwids Mld by Und�r uccMd tt►�sn+auots PKmNt�d to b� Mtd by appl�c�bl� t�w,L�ndr thaN account to BottowK
<br /> 1or the ato�t�Fwbs In �ccord�nu wRh th�nquinn��ts of appY�'abM Vw. It tho�'wnt ot th�Fur�da Mid by L�nci�r�t any
<br /> Wrw k not wP�ci�nl to pay tM Escrow Iwna wh�n du�. I.mdK n►�y to notity 6ortowK in w�itinp,and, � w In no mon than
<br /> �h�fl WY to i�nd�r tM anwunt n�casar�► to m�k�up th�d�IdancY. Borrow�t shaN mak�uP tM dM{d�ttoY
<br /> MtiM�n►ot►tMt�aym�►ts.at L�nd�r's soM disaWon. ��tund to Bortowr�ny Funds
<br /> �P� WKn�t In tuY o1 aN surta sscur�d by thls SoaultY InsUurtwtt, Und�t shaN Pro+nPUY
<br /> h�id by L�ndK. N,und�r Psn9ADh 21. l�nd� shaN acquln a saN the Prop�rty. Undr, prlor to th�acqulcWon ar saM of th�
<br /> PropMty, sMll apply any Funds hdd by La►d�r at the tim�o�u�ulsitlon or aaf�u a aedit a�hst th�sumr s�au�d by thts
<br /> S�cutily IosUun+�►l kW provfdes othMVVis�, dl PaN'r�►ts nc�N�d by L�nti�r und�r
<br /> 3. Appllc�tton af Paym�trts. unwss +PP�tcabM
<br /> P+�+9�P�►s 1 �nd 2 shall b� �ppi�d: Rrst,W any pnp+ryment clwy�a dw undK th�Notr,s�cond to atr�oix►t=Paltabt�undK
<br /> parapnph 2�third,to IMenat dw:touRh.to principal dua:md kst,to�ny I�t�ch+uya du�und�r tris Nots.
<br /> 4. Char��; U�n�. BarowK shar pay dl taxM. ass�ssmrnts. ch.r�� 1f�►�s .nd Mnpo�Mion. s�ributabh m tn.
<br /> Pemrtv whleh m�Y �� D��Y ovr this S�a�eitY Instn�nw�R uid Nat�hoid P�Y�^��9r���Y arry. Botrow�r thall
<br /> a.....�.�...�.r ti.. thwne nn �
<br /> pay L�e obYpatbn� In tht nWU1K ptOVidW i� D�ORA�C.a a na{r�wi :� :,�:. .��.:.��......... �. _._-.�-,
<br /> dirocty to th� p«son ow�d payrt�t Bortowr ahaN PromPtlY tumish to UndK dl notica of�►ww►ts to be pald undoe tt�
<br /> P�9�Ph. N Bnrtower m�kp th�ss PaYnw^u d�ro�N• Boaower sh�Y prompUY tumish W Lec►dar roceipb avid�ndnp the
<br /> WY�^u• Inslrument unNss Barrov+�r: (a) ayrs�c in
<br /> Barow�t shal prornPtlY disctwye any ien wf�lch has p�ior�y over ttils Sew►ity
<br /> w�tln9 to tR�paNn�nt ot th� obW4ation secu�sd_bY tha ti�► in� rtwuier W�ta�b{��ol�nd�r's %pinbn op�rat�to p�c►v�t th�
<br /> lien by, or d�f�nd� �air►st �nforo�tnmt of tlu Mn in. {�I Proc�d�^�+ t to Lande�9 th�61�n to
<br /> ` �nfaqment of tM fl�n: or(c) s�cuns irom th� hoki�r o1 tha ien �n aprMnw► satlst�Ctc+Y
<br /> tlws S�cw1tY InsVUnwnt. N L«xl�r d�rtnha tAat any part of tl�Proprty b wbJsct to• Wn whtch m�y�m�n p�iority o��r tt�is
<br /> S�quity tnst�um�nt. Undr may yke BorrawK a noUc� idr►tityinp th�tlm. 6oaower ah�M satlsb th�Wn a taks or►�a n�a+�oi
<br /> th��ctbns a�t fath �bov�wkhln 10 d�ys of th�gklnp ot naAics.
<br /> 5. H� �+ P���II Insuranc�. eorrow«stur k.ep th.imp�avemants now e� or h.�dtK uact.d on th�
<br /> prop�ty inwnd y�lr►st bss by Sro, hazards Inciuded wkttk� tt►� t�rtn 'aid«+dsd cov�raa' �nd at�y other hazards. k�+din9
<br /> Aoods or tbodinq,tar whkA Un�'rr nqulres{nsu�ce- This hsurar►a shar bs m�intain�d In th�amounts and for tha p�iods
<br />_ that L�nd�r�WuY�s. �t no�swres�csu�ie; p�:,��:�y.ha::.:�«r.�_"•-•�••'-*^,«�5y Re,nv+wM.aubl�d ta L��d�r's ap(xoval
<br /> whkh shaY not b� uru�aso�wb�Y withheid. H Barowa iwib to m�kdak� cov�raq� dsscribsd �bav�, L.ender may. at Landet'a
<br /> opUon,obt�n cov�ay�to p�ot�d Lander's riqhts In th� F►oP�►in accordanc�with parayraph 7.
<br /> A1 inwranc�policiK and nnrwals s1uY be �cc�pt�bl�to Lender and shall ku�ud� � st�nd�rd �at�a4� dws�. La�id�r
<br /> stu�hav�ths �jht to ho{d th� poW'bs�nd nn�rals. N Lendsr nqulrss. Bortow�r shaY P��+PtiY �e to O.�nder aM naipts o1
<br /> paid prankuns and nnawal notlas. tn tha event ot los��Bortow�►shW pive prompt oo13a to ths inwrar.cs curNr and LandK.
<br /> LendK may m�ia proof o1 toss B not m�d�prompUY bY Bomower.
<br /> Unless Landr and Borrow�r oth�wise apree In wnUnQ. inwranca procMQs shal be �ppfi�d to roatowtia� or ►epalr of ths
<br /> propa�tY C�y�d, d the�tor�tlon a np�lr ls eoaion�kr+1Y fes�blo md lend�►'s s�curiry b not f�st�L B th�raeioratlo� or
<br /> repatr b not econo+�1Y fa�slbM a L�ndds s�auiry wa�ld De less�n�d.the bsuranc� procNds sIW bs�ppli�d to ths sums
<br /> . s�au�d by this SscuritY Instrument, wh�thr nr �wt than dw� with �ny �xass p�ki to Barawr. M B�oROwK �b�ndons tt►�
<br /> prop«ty, a doN not antww wqhin 90 d�ys� notic�irom UndK th�t th�hwrar►a canMr has ctpnd to sNl��oWm,th�n
<br /> L�►dv may coYut th� {nwrana proc�ads. Lendar may us�tha proca�ds to �apalr � whai the n Sic�ls en. �y s�
<br /> socured by this SecuritY Instrument,whether or not then dus. Th�30day p�rlod wiM b�in 9�
<br /> Unt�ss Lw�Qor and Borrowar otharwisa aQroe {n w+►t3n9� �Y �PP�� ot P��: to ptk+dP+� shaM not �cnnd ar
<br /> pottpone the dw d�te o1 tTw mo+�thly PaYrtwnts reterrad to fn paragaphs i uid 2 or c��nye tha srr�aus�t ot tha�.;�ts. 1!
<br /> und�r paraqraph 21 the P:op�ty is�cquind by UndK. Bortow�r s tlqht to any insursnce policlss �nd procssds resuqY�y hort:
<br /> dam�y� to tM Rop�rty P�to ihe +c4uls�lon sh� Pus So 1.,�►d�r to th� extant ot the wms by tlds Socurlry Insfnmw►t
<br /> �r�diatdyr Di'iw to th�acqukriioo•
<br /> 6. Occupancy. Pn�rvstion. �Aalnt�nanca u�d Prot�ction af t1w Prop�rty; Borrow��'� Losn
<br /> _ AppOcaUon: L�holds. Bortower shaN occupy. Ki�b�sh, and uss tlu Property as Barower's princ�pal reafcl�u�vrkhln
<br /> sixty days a1Ler th� �x�cuflon o� t�rs sec�x�r �nsVUmem and s►ww conww. to occuav � ��v as e«rowK�s pr�nc�
<br /> resldenc�fa at bast one yeu after the d�te of occupanay. unNss Lender otherwke aprees in writln9.which cons�r►t ahW not
<br />— be unraasonabN withheki,w unlsss extenwting ctraimatanca extst whlch an bayond Borrowr's canVd. Borroww sh�Y not
<br />= destroy. d+ms9e or in►P+Y the Property. aYow the Propedy to dat�rionte. or corrxr�t wasie on tne Property. Bortower sh�N be h
<br /> � dMauft if�ny forleiture actlon or procaedinp, whMh�r clvl or aiminal.ls bepun thst in Under's good faiih Jud�ment couki�uk
<br />-c;� (n totfeiuus ot th�Prop�Ry or otharwlso m�tatialiy impaw 1he Iion created by thk S�curiry Instrument or L�ndK's s�csuity intKesi.
<br /> Ff316.L.Mfl(3/96) C�ye 2 of 9 5�1�
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