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<br /> . 92 RE• CORDEQ l�.-"_
<br /> -��Y, ._ �,,�,_..o�.-_—
<br /> UNIF�%RMCOVENANTS Hc�rre...erandLendercovenantendogrecu+fi►Uuw,� 92-- '� �. 7 �-;:'.�:•:' r��":L'�
<br /> � H - ---
<br /> , :. ,�,,.,�,,,*I: 1. Paymeat oP Prlaeipal pnd Interest;Prcpwyment and l.nte Chorgec. I�nrrow•er tihall pr��mp�ly uy u�hrn duc �,���--.. _
<br /> _; �..;., , Ihe principal i�f and interes�c►n the deb�evidenced by the Note and uny prrp��yment und lu�e rhur�c.clue unJer tl�c No�r. �s�_-,r��;?__
<br /> � ��: �t•� 2. Fundo tor TAxes�nd Insunnce. Subject tei opplicoble luw ur t��u wriuen wurvcr by l.cndcr.Nurraw�r rhrdl puy �=-
<br /> �r..r2•n=:_;;,�-�
<br /> � „ to l.ender on thc day monthly pAymcnts ure duc w�drr�he Nrnc,uniil thc N��te i,paid in full.:�+um 1"i�und�'1 cyu;�l a� ��.,�.�,:,_
<br /> •� n� �� one•twelf'th ��f� (u) yrarly taxr�and usse�sments which muy auuin priurity o�•cr thi. Scruruy In+Irumrnl. Ih► yrurly �''"'=-----
<br /> . °�r-Z-+�►�
<br /> � � leasehuld puymcntti�►r ground rent� on �hc Pro�xrty, if uny: (c) yca�ly liaiurd in,u�uncr premium.: anJ Id) ycarly 6%:-:,,J.,.�:,z-,,.�_
<br /> "«::��-•�P^^��t "�-' mort o e invur�nce remium.r,�f an .These item�are callcd"exmw item�."Lcndcr m•ry rtinma�c thr 1'undti Juc ao lhc �"�--
<br /> � R P Y �;�:=.�
<br /> hs�ir oPcurren�dutu and rrawnahle e�limul��oPfulurc eccmw item�. ��+y�'Y'° - _ -
<br /> The Funds shull be held in an intititutiim the deposits or accauntti of which ure�o.ur.K1 ur guur,uuccJ by u frdrrul ur •ta��,�..° - -
<br /> � � atate�gency(including I.ender if l.ender iti such An institution). Lender�hull apply thc i�und+�o pay thr��craw•ucm+. ir--��°.
<br /> ./�.i r Y.r�c_�-��.---
<br /> Y 8 B PPY 8 Y B 5 8 �r-•;�'
<br /> L.ender ma nat char e fi�r haldin and a I in the Funds,onal �in the acrnun� or�cril'•in thr c.r���w•i�em+,unl��� �.°�-�°.-
<br />�" � , l.ender pAyw Borrower intcrrst on thc Funds und applicnble law permits Lcndcr t��mukc wrh u churgr Nnrruw•cr nnJ ."''';`:""":"^
<br /> �,..� ---
<br /> '� � . Lender mny ugree in wnting that interest sholl be paid on the Funds. Unlc�c un a rccmrnt i.mude ur u IicuMr law ���'""""``��'�
<br /> R pp � �;�' _��':��,;>,•?�SO.��,_'
<br /> � requireti iaterest to be puid,Lender shall not b�:required to pay Fi��rrowcr uny intcr��st or carnmg�un the Fund+. I.rndcr js,ti�ir��,!ih*�-�-._
<br /> '' shull give lu�krcruwer.without chArge,an unnual accounting oP the Fu�id..howing rredit�aud debil.ta the Fund�and the ••�`:°:�:=�s�=:..�.��.
<br /> , . . ,�f.�.�:
<br /> �_,;_ purposc for which each debit�o the Funda wu�mode.The Funds Are pledged og uddiliunul,rcuri�y fi�r thr sum��urrcl by
<br /> -'- - _- ---- il�iaSa:u�ily L�+I�wurili. • ..,••�• -.-+�t;tt.:-,
<br /> � If the amaunt c+f Ihe Fundg held by Lender,togethcr with the Puture mi►nthly puymcntti nf I�und+payublc priur t� 'n+ ' .�.��4_
<br /> the due dates of thc escrow items,sholl ezceed the Amount required to pay the escrow itemti when dur,thc exc��ss.hull lx, � •�. ' �';:'�-,{�,,,�,
<br /> at Barrower.r option,either promptly repuid to Borrower or credited t�Bor�ower on momhly payments of Fund�.If thr �' ,r��4�� ,��w•--
<br /> amount of the Funds held by Lender is not aufficienl ta pay the escrow itemg when due,Bormwer xhall pay to I.endar uny F�'�a:�:�;���
<br /> . .-" amount neces.u+ry tn make up the deflcicncy in one ar more pnyments ati required by Lendcr. ' ,
<br /> Upon payment in full af uQ sums secured by thig Securiry Instrument,Lendcr chnll prompU)refund to Aorrower .� .;.':;: '��*�R.s�f
<br /> , ��� any Funds held by l.ender.lf under paragraph 1'1 the Property is sold or acquired by Lender,Lender�hull apply,no later �,, r,• �,: ;,,-:.`•—
<br /> � than immedialel rior�o the gale of'the Pro rt or its ac uisitivn b Lender.An Fundx held b Lender ut�he time of ,�;.'•-�'''�;�'.,'�,°���•�,.-�
<br /> � Y P p� Y q Y Y Y ,�. . , , ,U..;•-„�;
<br /> �' opplication a�a credit againsl the cums secured by thia Security Ingt rument. • � � '�;����•�,:;�y�,
<br /> ' � 3. Appllcatlon of Paymeatt. Unless applicAble law provides otherwise.ull payments received by l,ender under ' � '�
<br /> . � parngruphs 1 nnd 2 shull be applied:fint.ta late charges due under the Note;second,to prepAyment charges due under the '�'�??:�-•�L==
<br /> • � , Nate;third,to am4untti pa�able under paragraph 2;fourth.to interest due;And last,ta pnncipul due. ,�``''�
<br /> ..,� ._
<br /> ' 4. CborRes;L.iens. Borcower shall pay nll taues,assessments,ch�rges, 8nes And impositions uttributable ta the �.>4,., .w,<..�ty��
<br /> Property which may attain priarity over this Security Instrument, and leasehold puymcnts ar g�ound rents, if uny. �� •�.�`� • —
<br /> ' . Borrower shall pny thvse:►bligutions in the manner provided in paragrAph 2,or if not p�id in IhAt mannrr,8orn�wer shall - •" ••w-
<br /> , hem on time direcU to the rson owed a ment.Borrower shal) rampdy furnish ta Lender all notices oP amounls �`�,`
<br /> pay t Y 1� P Y p
<br /> to be paid unde�thia paragraph.!f Borrower malces these{wyments dirtctly,Borrower shull promptly furnish to Lender ,_��;�
<br /> - �i:�,��4.�.1i.�:�.
<br /> _ receipts evidencing the payments. �``�5?kx?`�•'
<br /> �� ' ' Borrower shnll prompNy dischs►rge pny lien which has priority aver tbis Security Instrument unl�s Borrower:lu) ,��:.,-.��:,��Y'�
<br /> . � ag�ees in wriling to the puyment of the obligution s�ecured by the lien in a mnnner acceptuble to Lender;(b)conlests in gcx►d ','
<br /> ° faith the lien by,or defends against enforcement of the lien in,IegAI proceedings which in the Lender'g opinion o�►erate to .. „•,'`�.{'
<br /> ' prevent the enPorcemcnt of thc lien or forPeiture of nny pAn of the Proparl�:ar(c)secures Prom the holder of the lien an :•;,-;?;;�p.°;:;;a
<br /> agreement wtisPuctory to Lends�aubordinuting the lien to this Security Inxtrument. IPLender determines thut ony part of _ •:� `-; ;j
<br /> .:,,:,•:
<br /> the Proparty is subjcct to u lien which mny at�ain priarity over this Security Ingtrument. Lender ms�y give Borrow•er a �ft•.ti:_%+�.•� .
<br /> notice identifying the lien.Borrower ghall satisPy the lien or tnku ona or more of the artions set Porth obove within 10 days ��� �'�"
<br /> of the giving of notise. " `i���
<br /> S. Ha�.ard lnsuranco. Borrower shall k��p�hr improvrmentti now rxititing or hercafter ernted on the Proprrt�• � -
<br /> a
<br /> inAUred aguinst losg by fire,hazurd!�included within Ihc tcrm"ex�e�idad coveruge"und any other haxurds fix which Lendcr
<br /> requires insurance. This inKUranc�shull be muinuined in Ih�t amount,und for thr period� thut Lender requir�s. The __±'=`=�
<br /> inaurance carrier providing the insurance shull be chonen by Borrower subject �o Lender's npproval which shull not be � •
<br /> � unrtasonably withhcld.
<br /> ' . All insurance policies und renewuls shnll be acceptable to Lendcr und shnll inrlude a s�undurd martguge clause.
<br /> • Lender shull havc the right to hold the policies And renewuls. If Lxnder requires.Bnrruwcr shull pmmptly give to Lender �
<br /> • pll receipts oP paid premiums and renewal notices.In the event of loss,H��rmwer shAll give pmmpt notice to the insurAnce � , • ��'"-
<br /> � carrier and Lender.Lender may make pnwf of loss iP nut mude pmmpt ly by HorraNer. ' �';'�'a"°°`
<br /> ''�':s�-.�"
<br /> � Unlex�Lender and Borrower otherwise ugree in writing,insurance pr�xeeds shall br applied to rc�to�atinn or repair � ' -��,.�-
<br /> , • uf the Property damaged,if the reslorution or repnir is economically fratiible And Lender's security is nat lessened. If the � `"' `
<br /> � ' � rcstorntion or repnir is not economically fensible or Lender's sccurity would be lesvened,�he insurunre prc�ceeds sh�ll be � ••c�,;.:;
<br /> �''�' Applied to the sums secured by this Securiry Inslrument,whethcr i�r not then due,with uny eacess paid to Horrower. if f
<br />' � Horrower ubandans the Prnperty,or does not answcr within 30 duys a notice from Lender�hat the insur�nce cnmer has � ,
<br /> offered to xetNe u claim,then Lendcr may collect the insurance prexeeds.Lender muy use the proc��eds to repuir or restore
<br /> the Property or to puy sums�ecured by this Scrurity Inxtrument, a•hrthcr or not then due.The 30-dny periai will begin
<br /> when the noticc ix given.
<br />� Unless Lender und Borrower utherwise agrec in writing,any applicatian of prckceds lu princ�pal�hsdl m�t extend ix
<br /> I ,, ;�,., „ pc�stpone the due Jutc of�hc m�mthly puymcnt�rePerr�d tu in paraFra�+h.l und 2 or rhunge�hc:�maunt of thc paymrnu.If ;
<br /> under paragroph Ip the Proper�y is acquircd by l.ender,Burmµrr',righl Io unp imuranrr�x�lirie�und pr�eeds rrrulting
<br /> .` , , from dumage tn the Pro�xrry pnor to thr aryw�ition tihull pa�.t��Lcndrr�o�hc c�t�nt nf�h��umx�crured b} �ht.Serurit�
<br /> '' � Instrumenl immediatrl}•priiir tu thearyuiuti�m
<br />� , � . � :,• 6. Prescrvation and�taintenance of Property;l.caseholds. Barrawer xhull not d�wtruy,dam�ge or sub.tunti�lly
<br /> • chunge thc Property, allow the Propeny to deteriorate or rommit wa+tr. If�hi�Scrurity� Instrument i� �m a Ira.chald, ,
<br /> • ' ,`� Borrower shull comply with the prn��icions of thc leasa und if Hurro��•rr nryuirc�ler tille to the Pm�xrty,the IeASehold�nd
<br /> �'' . � Pee titk�hall not mergc unlcss Lender agree.tu thr mcrgrr in��nung.
<br /> 7. Protection of I.ender•g RiRhts in thc P�uperty; lfortany�e IasurAncr. If Hi�rraa�cr fail� tu prrform thc
<br /> covenants nnd ugreement�cuntuincJ�n Ihi�Se�unly In�trutnrnt..,r th�rr i.a IrF:d pnkredmN that mn� .igmfi.antl� atTe.t
<br /> ■ __�_•_ .._6... : .A..U�. . n....l. . ....1:.... :. 6....4.•....�..•� rnM•�t.. Inr rnn.lrmn��tl�in nP til Ctl�tl��'C �:IIN Of
<br /> .- . a.cuu�. .��.�y��.., .: .. ...y�::j ........�:� �.7:�'.......p . . ..».......�.._.. �.... ..
<br /> regulutionr).thcn�Lcnder muy di�and par•fi�r w•hatcvcr ix�nrre.wr�lu pr�arct thr�aluc of thr I'roprr�� and LcnJrr'.r�Eh�.
<br /> in thc l'ro�xrty. Lcndcr'�urtium may inrludr pa}•ing am �um, �erurrd by a Iren a�hirh ha. pri�,rit� �,�•�r thi.yc.ur�t�
<br /> Instrument.appcurinR in riiurl.p•r�•�ng rr���m•rhlc ulti�rnr�•.'frc.and entrnnF�m Ihi F'rrprrt� 1„makc r�pu�r.. Althi�utih
<br /> � Lender muy�ukr uctiun under thi�parugruph 7.Lendci d�k+nat ha�r ta da.u.
<br /> Any umount.Ji�burscd by Lendrr undrr thi�puragr�ph 7.h•rl)t+«<nn�uddihon�l drM of Harci�wcr���.ured b� thi�
<br /> 5ecurity Instrumcnt.Unl��s Burru�err and Lendcr agrer to��thcr tcnn,uf pa��mrnt.th��r amount„ha11 hear mtrrr•►fr�,m
<br /> the dute of di+burscment •rt Ihe Tiatc r�te and .hull tk p:i�aMr. Nnh uurre.t. upun n��ticr frum l.en�rr tn li�,�r����.r
<br /> requ��sting payment.
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