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<br /> p�-12-�99s FNMA/FHLMC O�ED O� TRUST Page�ot 5
<br /> Loan Na 45879 �CY i��r~7a�o0 (Continuec�
<br /> and that the Property is unencumberad,except for encumbrenoas oi record. Borrower warrar�s and v�AI detend generally ihe tlde to ihe Properry
<br /> agairrst ali Galms and riernands,subject to nny encumbrarxes of reowd.
<br /> THIS SECUF4ITY INS'fRUMENT comqinas unffotm covenenfs!ar na8ond uae end nan-urdfortn covenants with Brt�itad vtufatWns by
<br /> jurisdiction to constlMe a uNtortn security irsstrument coverirx�red property. . .
<br /> UNIFdRM COVENANTS. Borrower nnd Lender oovenxrR and eigrae eis foAow9:
<br /> �. Paymmnt oT Pr9ne�a1 and I�t;Prepaym�nt and�,Y+Charyas. Borrower sheN promptly pay when due the prindpal of and interest
<br /> . on the debt evldericed py the Nota and arry prepaymerft and late chargas due undsr the_Notx.
<br /> 2. Funds 1or Ta�ces and Inaur�nca. Sut�ject to apppce�lE law or to a written waiver py lender,Borrpwsr shap pay to Lender on the day
<br /> moncny payrrxents are due under iha Note,unpl the Note is peld 1,�tuq,a sum("Funds'y lar. (a)yeerly taxes and a�asmenb whkh may nnain
<br /> priority over this Security Instrument es a Iisn on tha Property; (b)yewry{easehold peyrr�rtts or ground tenU on the Property,it arry; (c)yasrfy
<br /> hazard ar properry insurence prertmiuums; {c�yearty flood irnurar�prerr�ms,11 eny; (e)yearty mortgage ir�sura�nce premlurr�v,if arry;and (�arry
<br /> sums payable by 8orcower to Lender,in aocorderxe with tha provisiore of paragraph s,in 6au of the payrnent oi mortgaga ir�surance premiurtrt.
<br /> Thase items ara cslted"Exrow Itert�s." Lender may, at nny thne,copea and hold Funds in en errourrt not m excead the me�dmum amourii a
<br /> lender tor a faderally raiated mortgage ban rtsayr r�quire tor Borrowers esaow saccurrt under the tederal Real Estate Semernant Procedures Act o!
<br /> 1974 as amonded trom time ta tirna,12 U.S.C.SeCUon 26Q1�9Bq.("RESPA'�,unles3 Afwiher laW th82 Apppa914 the Funds sets a less6r ert+^�unt
<br /> 11 so,Lender may,at any time,coqect and hold Funda fn an srtwunt not to exceed tl+a la+ser ernount. tsnder msy estfmmst�the arnount of Funds "
<br /> due on the hasis ot wrrent data and rea9onabls estknettes ot expenc$Nres o1 tuture Esaow Iterr�or oiherwiaa In axordanca with appNcable taw. �
<br /> The Funds shap be hetd in an insriurlWn whose deposiis aire(nsured by a federai agency.IrrArwmerAal'ity.or entlty(indu�ing Lender.i1 Lender
<br /> Es such en instiw0on) or in arty Federal Home Lonn Bitnic. Lentfer st►eA a�pply ihe FutMs 4o pay ihe Eanpw Iterre. Lender msy not charge
<br /> 8orrower for ho►ding end aPPM�9 the Funds.ennueAY+u�alyzin9 die eoaow axount a verityirg the Escmw th�rr�s.urYess Lender pays Borrower
<br /> interest on the�unds and aApBcabla law permi�Lender�r make such a charge. However,Lender may require Borrower to pay e one-time
<br /> charge for an independertt re�estate tax reporting service used by Lender in connecfion with tl�is ban,urAasS app6cabla lew provides otherwise.
<br /> Unless an agreernarn is made or qppUcable law requires iniarest to 6e paid,Lander shaY not be repuFed w pay Borrower nny in�rest or eamirgs
<br /> an the Funds. 8orrower and Lender may agree in writlng, howev�er,that irrterest shaq be paid on the Funds. Lender shaA give lo Barrower,
<br /> without charga,an annual accourrting 0t the Funds,showing are�ts and dehits 10�e Funds and the purposa fbr which eath debit to the Funds
<br /> was made. The Funds are p�edgad es addnional securtty iar e9 sums aecured by tl�is Security Ir�strumant.
<br /> If the Funds held by Lender e�cc&ed the erriourrts permitfled to ba held by appficaWe Inw,l�nnder�MM accourrt to Borrower tor the exoess
<br /> Funds in accardance wfth the requiraments ot appGce6la law. If the artXwrrt at tha Funds held b�r Lendet'at any dma la not suTficient to pey the
<br /> Escrow Itema when dua,Lender may so notliy 8ortower in wrtdng.and.in such casa Borrower shaM pay to Lend�'ihe arnourri necessery io malce
<br /> up the deficiancy, Borrower shed make up the daficciency in no more than twelve mnrnFdy peyrnants,at Lenders sole�SCretbn.
<br /> Upon payment in fuU of a!!sums secured by thfs:aecurtry Irrstrum9r�6ender ahap prompdy reNnd w 8arrower arry Funds held by Lender. If,
<br /> under paragraph 21,L.ender shaY ecquire or seA the Property�Lender,Pria lo tha ecc�isitlon or s�e of tha F�roperty,ahap+ipPly anY Funds held by
<br /> Lender at the tlme of acquislbon or saie as a credit against the sums secured by V�is Security Instrun�ent.
<br /> 3. Appticatlon of Paymenta. Unleas eppNcabla law prnvides otherwlse,aA payments received by Landar under peregraphs t and 2 shaN be
<br /> appiled:first,to any prepayment charges due under the Note;second,to arnourrts payable under paragraph 2;thlyd,to interest due;tourth,to
<br /> principsl dua;and lest,to arry late charges due under the Nate.
<br /> 4. Charges;Llana. Barrower shap pay aA tnxes,as�ments.charges.flnes end krpoaitlom attributabie W the Proparty wNch m�y attaln
<br /> priariry over this Securiry Instrument,end leasehold payments w ground rents,Ii any. Borrower shaA pey these obMgatbns In tha menner providvd
<br /> in paragraph 2, or It not peid in that menner, Borrower shaA pay them on tlme d"vectly to the person owed payrrient 8orrow�ar ahaM prampty
<br /> tumish tq Lender a1i notices of amounts to be pNd under this paragroph. It Borrower makes these peyrr�ams direcdy, Bortower ahaN pramptly
<br /> fumish to Lender recsipts evidencing the pavrnents.
<br /> 6orrower shell promptly discharge arty lien which has priority over tlus Security Inshumerrt unless Borrowar (e) tgreaa in wridng 1p th�
<br /> payment ol the obllgatlon secured by the Iien in a msnner accepteble to Lender; (b}contusts in gaod latth the l{an by, or deienda �palnst
<br /> , enlprcemont ot the lien in,legal proceedings which in Vie l.anders opinbn operata to prevenl the eetbrcement al the lien;or (c)securea Irom tM
<br /> holder of the lisn an agrsemant saL�sfactary to Lender subord'inafing tlie Yen to tl�is SeturKy(t�strumertt. li Lender deterrt+ines thet ury pxt of tha
<br /> Property ts subject to a Aen which may attein priorfry over tl�is Sewrfty Iristrurt�m,lsnder mAy gi�e Bortc�wer a notice identitying the Aen. 8orcowar
<br /> shNl satlsfy the Gen or teke one or more oi the actions set torth above within 10 days af the gMng of notice.
<br /> 6. H:zard or Property k�°auranra. Borrower shaq keep the irrprovemams now exisdng ar heree(ter erected on the Properry irowred apdrp�t
<br /> bas by fire,hazards incJuded withln the t�m"extended coverage'end any other hazards,induding flaods or fboding,for wttich Lender requkes
<br /> fnsurance. This Insurance shall be maintalnad in the amour� end for the periods that Lender requires. 7ha ir�suranca cartier provi�ng the
<br /> Insurance ehap be chasan by Borrower sub)ect W Lenders approvel whfch ahal not be unreasoru�bly whhheld. M Borrower Tdb to mdntdn
<br /> coveraga descrlbed above, Lender may, at Lender's optbn, obtain coverage to protect lender's rights in tha Property in eccardence with
<br /> . paregreph 7.
<br /> All insurance polic►es and renewels shap be ncceptnbfe to l:ender end ahap indude a stendard mongage dausa. lender shaq have tha right
<br /> to hold tha polic�es snd renewa�ls. IT Lendor requires,Borrower ahaU prcimpny give to Lsnder aY re�eipts ot pnlr!prernlurr�and eanewal not�es. In
<br /> � the event of bss,8ortoww ahaJ give prompt notioe W the Inaurance carrier end Land�r. Lander tnay mtke proof ot losa If not rn�da promptly by
<br /> &�rrower.
<br /> Unles�Lender and Sorrower uu�erwlse ngree In wtfling,ir�surence proceeds shaq be epplied to re�LOraticm or repair of the Propeny demegad,
<br /> R the restoratlon ar repair Is economicalry feasible nnd Lenders aecurity is not lessoned. It the restoratian or repeir is not eGOnomicelly teasible or
<br /> Lender's securtly wouid be leosened.the ir.surance proceeds ahell be eppNad w the sum9�ecured by thta 5ecurity Instrumsnt,whether or not then
<br /> due,with arty excess pdd ta Borrower. If Borrower abnncbrre tha Praparty,or does not�nswer wld�in 30 daya�notica hom Lender that the
<br /> insurance carrter hea otterod to se!Ue e deim,Then Lender msy coqect che ir�aurence proceeda. Lender mAy usa tha proceads to repNr or roeMre
<br /> the Prnpe�ry or to pay sums secured by thia 3ecurtry Inatrumem,whether or rwt then due. 'I'he 3a-day perbd wlp be�n when the notice{e gNen.
<br /> Unless Lender and Bonower otherwfea agree In writlng,a�ry�ppliccadon o1�roceada to prindpel ahap rwt e�ctend or poatpone tha dua data o}
<br /> the rrbnthry aaymonts relerred to in para0nphs 1 and.2 of chnr�ge the auriourri of the paymanb. II under parapraph 21 tha Property Is acqulrad by
<br /> Lender,9orcower'a rlght to any insurance paliqao nnd proceede resultlP�g Ttorrl d�maya to tha Properiy prl0f to the�cquhitlqn ahNl paas to Lender
<br /> to the exter.t nf ttw auma�cured by tfdr Sacurfry Irw�U�umant Irm�edleoaly prbr io the�cqufaitlon.
<br /> 6. Oceuprncy,FreservaUon,Malr►t�nanw rlid Prot�atlon ot 1M Prop�rty;Borrowws Lwn AppUcrtlon�L.wMholdr. 9artawar shaq
<br /> occupy,establinh,end uee the Property�e Borrowar'e prindpeJ reaidenca wltMn eixly deyy efter the arcacutlon of this Securlty Inatrument snd ahap
<br /> conunue io occupy the Property ae BoROwer'a princlp�l raeldence iar�t lo�at one yeef after the dwle ol�:..Jpsncy, unleas Lendar otherwfee
<br /> aqrees In wridng, wh{ch consent shdl not be unre�son�bly wRhheld, or unlees extenuWn4 dreurrl�rt�ncae axiet wh�h nra beyond Bortvwer's
<br /> control. 8orrower shaY not deetray,dunega or Imp�r the proparty,�Ibw lhe Praparty lo rJerorbnta,or corm�it westa on the Properry. Borrower
<br /> shdl be In c,fefsutt H erry torletture actlon or procaedlnp,wlwther dvN or crlminal,b begun th�t In Landar'�pood tal►h Judgnwnt could re�ult In
<br /> fortetture of the Property or otherwlse mate►I�Ny Imprk tha Nen crea�sd by thla 5ecurtly InoRument or lsnders�ecurhy IntaeeG 8orrower m�y cure
<br /> •uch e detauR�nd telnetaUa,.s provlded In pwpc�ph�e,by cwalnp the Mctlofl a pro�ae�ng to be dlarniseed wlth�ruNng Ihrt,in Lendars good
<br /> 1e�th dolerminatlqn.Predudae IoAeflure of tha�orrpwt''s Int�rset In qw F'ropsrty ar other rfMt4rIM krpslrmrnt ol the Aen crealad by We Securfly
<br /> Inatrumont or Lender's sacurHy InlereaL 8orrower shap Nso be In delaull(1 Borrowar,durinq ths b�n�ppllccatbn prooeaa.9eva meterlapy frlea or
<br /> Inexurate IntomuUon or statemenW W lander(nr ftlled w provide Lendar wlth�ny metarlel Inlom�utlon)In connxiMn wlth the'losn evidancad by
<br /> tha Note,IrtGuding,but rat Ilmited W,repreeentetk�ne conceming BoRAwer'e acwpency ol the Properry�s�p�lndpal raeldanr.e. H thks Sacurlty
<br /> Inswment I�on a leasehold,Borrower ehap comply wRh�tha provlelona ol ths lesee. If Borrower�cqukea fee tltle to tha Property,the leaeehcld
<br /> and the tae tlde ahell r,ot merpe unlaee Lendar sgroee�the merpar In writlng.
<br /> 7. Pr'atectlan of Londsr's Rlphb In thr Pro{�ty. (t l�arroever ldM to perlonm ths cavanents�nd sgreernar�ta mntdnad in thb Secur{ty
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