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<br /> 1 TO(�ETHEP! Y�ITH sN the hnprove�nente now or here�f!nr erscted on the proptarty. �nd sN eAaanent�, �irt4tsanr,n�, �nd �
<br /> � tixlurea now or hereafter a parl o}the property.NI r�placam�nis and sddiUons sh�H also be covererl R�y thls Ser.udt}r lnntr+Iment.
<br /> AN of She forepoing Is re(ened to In ihl�Sesurity Instrummt ss the'Property.'
<br /> (30:iFl0Y1FR GOVCNA�JT9 thst �lorrawer Is lawtuty setzed o1 fha estnto hINed�y canv�ycd nncD haa ihn rl�ht t� Umnt anr)
<br /> convey the Prope�ty �nd thd lha Nroper'ly Is untvicumUered, exceat foP encur��q�:.nc2� of rccarA. E3or�a:•�cr ��r.irant�ciid rr��7;(.� F�-
<br /> da{end yenernVy the C�le to the Properry rgrinot s8 clalms and demands,oub�sct ta nny encum�rencas at rer,arr�. Q��
<br /> 1"NI3 �CUR17Y INSIAUM�NT comWneo unHorm cov�n�nts lor n�Uon�l. u�a �nd non-uMform couenant� wffi► lirnitttd �
<br /> vr�tiana by jurlsdl�Non to ean�dtute�unMorm exurHy Insvument covtriny rs�!�xaperty.
<br /> UNIFQRM COYEMANT9. BOROWM�Ild LM1�C COYefl9f,1�71(I NQY@8 fl�tOIIQ�ds: �
<br /> 1. P�ym�M of PrinalpN and Intohat; Pr�paym�M��d L.rt� Cltiurp�s. Bortowa ehnN prrsmpty pey whnn d
<br /> due the pdndp�l ot and Intereat on the deht evlde�cced by the Note�nd any prk�ym�nt nnd late ch��rpea du9 unc}e►tha Nnte,
<br /> 2. �unds tar"i�x�a u�d insuranc�. sub�ct co �pplicabla I�w or to w woiitc,n w�itver by lc��cwt,Carcws�s�u:��a..y �
<br /> to Lender cx�tho d�y mnnthy paytnents us du�tmder the Nots, until tha Nor�le pNd fn fuY, e eum("Funda")tor: (e) yotit�l
<br /> taxes �nd asassam�nta whkN m�y �ttak� prk►rky over thla Secu►tty Inatnimen5 as t 8en on the Praperty; (b) yeady knaoh�ticl
<br /> pay►nsn4s or pround rents on the Fkopxty.H�ny; (c)yerly h�xrua or propttt}r inaruance premlums; (d} yenrty Bood Inaurnnr.n
<br /> Qr«r�fums,M�ny: (�) y�►mort9�ge tnsunr�ce premiuma,N esny;and(q any s�xns paynble by Bortowa to Londar k►+�ccnr�mr,rt
<br /> vrMh the prov7slona oi parRynph B, ln qeu ot the pRyment of mortgage insw;r�nrs pretnNims. These Itqms er�cnlleid"Escrc�+M
<br /> ftems,• Lender tn�y,st uty tNrM, coM�ct�nd hold funds In on unount ma�t to exceed the maxlmum �mount� lenda►far s
<br /> t�Ny t011�ted f1101"iyiQB (Q811 Illay f6qukB fOr I36�ffiW6►�S fiSC70Yi cICCOU�t ufY.:tC th� fCd�G! RC31 E9tetG SNUCt11C(1t PI'OCtNlllf?;�
<br /> Att of 1974�a am�nded from Urne to dme,12 U.S.C.�2801 et eeq. ('RESPa"), unk:ss onothor law lhat applins ta thA Funda
<br /> aeta a leaser�unoun� if ao, Londx rn�y,at any tkr►e, coNect and ho{d Funats tn nn emount not to exceed thn IeRSar ammmt.
<br /> Lende►m�y estim�te the emount of Funds due or�the basis of cuRmt data nn�1 reasone�bb e�stknatea of expr,ndicur�a ot 4uhtpr
<br /> Eaaow Nsm+�or otherwtae N�accordu�ce wkh eppYcabfe I�w.
<br /> The Funds sh�N be held In�n institutkn whose deposkn �ua fnsured by n fe�e��l nqency, instn�mentnlity, or ent.ity(inciuriniQ
<br /> Lender, N Lender fs auch Bn Inatih�tMx�) or(n rny Federal Hpme Loan Bank Lencier shpN opf►ly lhg Funda to pny the EsctonN
<br /> ftems. Lender rr�ay not charpe Borrower tor hok�ng and appiying the Funds, pnnts�My an+�lydrtc�lhe escrirw aacmunt, or vmi(yinQ
<br /> th� Escmw ifems, unks� Le�iie�' Ex.y3 Bon�wa k�tc,re�i c� tha Fursds :m�1 :�F9assi:'� �.r1 p�ct�ts L�rtder to maka eur,h•e -
<br /> clurpo. Howaver. Landa m�y requAn Bo�rower ca Way a onellme charge tt�r an inc{npendent renl estsio tax rcrorHnp �uMcn
<br /> used by Lender In connectdon wkh thls la�n, u»'rrat applk�.able I�w provid�a othxrwte�s. Unless m agrnnment fs mnrk► w
<br /> appRcal�Is law requfros k►terest to bc paW,Lender shaN not ho raquked to�qy Borrmver vny tnterest or onminQ�on tho Fundn�
<br /> 8amx�r and L�nder may aproa b wridng, howwer, that Mrt�to.� shaN be gNld on tbe Funds. Lender sfu�N gNa to Bflnownr..
<br /> vrlthan chargs, �n �nnwf accountlnp of the Funde, showin� crodits Rnd delalts to tha FundE and the purpr�3p tor whlah en�ch
<br /> debR to the Funda was mada. The Funds aro pte�ed es addtlonel eecurity,[4r nq aurns Recureid by the Secudty fnafif+nemt
<br /> tt the Funda held by Lender exceed ths �nwunta p�mitted to be held�r,�J opQticnbSe law, La�der ehaN�r.caint to Bcxrauaor
<br /> for ihe exc.�se Funda in acr.ordanoo with the requirernenta of eppYcable Iew, It f.he amount o1 the Funds hofd 4�y UmrMr et my�
<br /> ih�e 6s not auMlcknt to pay the Es�ow kems when due, Lenda may so natiy Bom�we:r in writbB. snd, in suoh casa BarrmMOr•
<br /> aha� pry to Lon�Mr the �rt�aunt r�ssary to m�ke up the�Ilcieney. Baw,nwet sh�il m�ke up the def{cfet►cy (n no mar+�th�►rt. ,
<br /> tweMe moathy pr�menta,at Lender's sole discxetion.
<br /> Upon p�yment [n fuM o}aM sums secured b�+thla Searity Instrument,E,�acler shaN �xompty relUnd to Bcxrowur sny FiMrfsi
<br /> wr�, ��..,,�.�. �f, ��R�r n.ra�ranh 2t: len�er ehall acuufre or seN the PrannN.Leecie�•.prbr to the ar,q��ImiUnn or wtln of th�i
<br /> pirepqty,sha!eppy�ny Fun�ls hMd by Lender.�►t the tkne of ncqulsitlon ox qaAe as e aedt �g�fnst thr�aums secufad b/thln� ,
<br /> Saaxfly In�na�tt.
<br /> 9, App�lCaHpn pf pa�111�►Ms. Unieas �ppWc�bf�a law provides othenrrhrn, �N payrr�a�ts rac:eivecl 6y L�x�dnr.xt:r:r21'
<br /> pr�gr�ha 1 �nd 2 ahtN be�ppi'rod: ikst,to�ny propayn�t chugea due•unda•the Nnta; second,to amounta pnyuhln•#tc�'.f�r
<br /> p�praph 2;thlcd,4o fnterest dus;touRh,to princfpd due;�nd I�at,to ury latw ch�r9ea duo undx the Nota. �, " ,: • .
<br /> 4. Clw�t�; Ulns. Borrower shatl pay dl taxea. �ssesaments..chorqers, fines and krfposltiana afbibutahla.!a it+9, . ,,;..
<br /> p�op�ty which m�y Mtah prbrlty ovx this Securiry Inatrument,snd lesaehoic}p+r/rrvmts or graund renta, H any. Bqrrowc�r sM1���� ,
<br /> p�y th� obtpatb�s in ths�r�rmer provided h Fwagraph 2.a H nM p�kl�tn ih�t m�nner. Bamwx shuN pa.y thum nn,.tknn,,. �� �
<br /> drocly tp tM pwson owed p�yrt�ent. Borrower ah�N pro�r�pty tumlah to LAnder�If noUues of amaunta lo ba pald unnk►r Mtn�•
<br /> pw,�pnph. fl gqrowa m�kes these paymer�ts d'irxtly,;6ortower shaM pry ,Ny tumiah to Lender �ece{pts evMJrmcinp�-th�t,••:
<br /> � w shaM prompty diaclwpe�ny Nen x�3�iah,}ia�a�Prialty over thb :3eur�y ln:�trument unieas Bc�r�ra�v.�: (a)a�qno�fni„
<br /> w�linp to the p�yrnent of the obtlgrtion aecured by the Wen in� m�nner�a�lwble to l�ncM�r; (b) cont�q:a�:in pood lalttl��thq..� �
<br />- im by, ar d�nds �y�inst entorcemad d ths Ken b, kpd ptucaadf�ps wh+r,h In thn Lentier'e opinbn op'4nte trn preva►t:th�y� ,
<br /> antorr.wn��t uf tM lien; or(c)seaues irom the hohler ot tho iian an epreanr.nl i;alhfactory ta lender aub�rcllnaHnQ Qh�:�_ITi���.to. ' ,
<br /> ihis S�awily Instrurriait.N Lender detetrr�in�s that Mny pott oi thn Aropaty Is nub}a;t to n Nen wl�lch mny attnin pi�rfty,�c;.+irih�ln
<br /> 5�wity Instrun�ent, Lender m�y phre Bortov�a►a notice�dentjfyY�p the ite�.B�rr,wd•sh�dl�tMty tho Yen or tako ono u�r�+i�ro..at
<br /> the acNa�s s�t fatfi above wkhin 10 d�ya ot the plvY�p oi noHce. � • � •
<br /> 6. Hazard � PropN�ty Inwe�fG�.Sarowe►sMl ksep the h�rnvaexnts now exfntinp or hereeRur ereatal an.th��. ., �.':.;�:.
<br /> Pro�ty ins�rsd�st bas byTn, hmrda induded rvithin the term 'exGxtcfai wvarngs• �nd any othor tu►zuck+,fnelu�ina��,
<br /> 10oods ar 1loodiny�For wMeh LenAe,r�requiras haumae. Thb Insurx�ce ahalF dw metnL�irted in Ihe amounla�r►�!Wr thd y��i�� .
<br /> tFwt tadK requirns. Th�inwnqice cwri+x providng the inaunna ehall b�,chara�by 8ixrowx aub�act to lund+�»'o aWy}tvvmT••
<br /> whkh eh� nat bs unre�sau►b!�' withhaid. B Borcower TaNa to m�inO�M c4veiaQe descdbed aM�va I.e�ndor m�y� at L��niNrr'at'
<br /> cptlon,obtein ooven�s to prote�t Lander'a rigMa b the Propaty in�ocadr�ao wittt�nyraph 7. '
<br /> � !4� hsur�nce poidea and ronawds shaM Oe �ace{�tatrie to Lender and ish�ll fncJucFs• si�nderd mortgoga dauao. L��ndot . � .
<br /> � shaN hars tha riyM to hold the poYcks�nd ron'e►vala. ii Lender royuirs�, Bcn7mrn�ehaN promptly gke to lunder aN readpote�of�� • � ,
<br /> p�fd prerrikxns�nd rene+�ra!n�tiaa. In the sven4 of bss,Borrower shaN�ive�xompt notice to tho insuranco cantor�nd•�e�ndar.
<br /> Larder may m�ke proot of bss k�ot made pranpUy by Bor�ower.
<br /> Unbss Lendct u�d 8ort�wer othcN+rlse�gree tn wdtlng, invuance proceer� sht�N bo eppiai to rcuto►atinn ar npnfr.ot'thi}.
<br /> ptppe�iy dyn�ped il the¢eatontlon w rep�fr ts econornlcaqy teas;tta and L�ne�M°�sea�rRy!s not tesaened. IR thn reotaratinn.�sr
<br /> � rop�k is not ownanfc�lly feaaibb a Lender's aeouriry woukf bs lassened,the•hx�xance proceeds shaB be applNKl to fhn.sm�in
<br /> secured by this Secutity Mstruma►t, whether or not thm due, with any exce:rs Wdd to Bcxmwer. II Borrayer sb�mdonm 4f:u
<br /> • property, or rbes not enswer wilht�30 deys a notke from Lender that the inuurlmc.o calrter has attered ta soltlo a cqkn,�RhUn
<br /> Lender may coNect the In3umcs{xocewf�. Londa rtwy usm�he praceeds ta rq�ofr or roFR�ro tha Prop@ry or to p��y�sumn
<br /> . aecurod tiy this SeaKity Instrument,whether or not then duet 7i'�e 94��ay perlc���vill begin 1�,.*.�en tho notico fs givm.
<br /> Unless Lendir �nd darov�er uthetwfse �gree !n wriUng, any appbcat3as ot proceed�s ro principal ahall not e�1And.�or
<br /> postpone the d�e rt�ta of the monthry payrtKr�ts roferred to In paragr�+hs f ��ntl 2 or cheng�the ar:a:e:+�t af tho prym�min, H
<br /> under pvayr�ph 2� the Ftop�rty is acquked by ILender, Borcower's right to eny induranae p�Edes ar.cf G+���ceede reouNtl�•irum
<br /> danage to !he Pta{ie�ty prbr ta the ecquisitian shaM pass to Lender to tRe extent of ti7no �sams by ihla Secu�iyi Innintmant
<br /> . �rmecYr.tey pdor to the acqu3si6ion.
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<br /> 6. tJCCUpanc�r. r�ss�JVaiion, iwaitit�n�nse anv Rviieiion oi iiii s-ivpirif oorrd:ri+i'a .w�a
<br /> Application; L.��NhOlds. Bortuwrx sheN occupy, esldbish, and use the Propaly as BorroHrer�B PIGICIFIqI Y8l11�1QhC0 W4?IIA
<br /> sfxly d�ys aRa tha execuUon of tAfs Securiry InsUvment and shap continue io occupy iha Property os Botruu�kr'o ptinu�litl
<br /> res{dence 1or at lemst one yev aRer the date of occupency. unkss Lertder othaeHiso agrees in weNi�g, which conuent atmN uo�•
<br /> be unre�son�bly wkhheki,or unless extenuating dreutnstances exist whlch�re ba�tond 8otrower'a cor�irol. @ortu�„t�r 6fIGY�nnf
<br /> destroy,dem�ga or impa'r the Propedy, eqow the Rraperiy to dateriarate,or commR wASte on tho Prop�rty.8orro��ar shst11:15u tn
<br /> clefault H any tateituro acUon or proseedfng, whetAx sAri or crYnhtl, Is begun tha:i In Len�et'a pood teith�udgrncx�t �ou1d rer�fl
<br />— fn toH�turo ot ihe Property or othenrfse mrterislty knp�ir the tien aeated by thi�SecurHy InsVUment or Londes'u secutSn�intorenl.
<br /> F1316.LM0(3/961 P�ge 2 of 5 ��� �•��.
<br /> 96U76
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