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<br /> . .. .... __�.�.. �. . . ._ yh� �„ ��(�ti(�ts. a(Wu11ifl�11GS. Md
<br /> 70ti[TFiER tiVITH W th� impravwn�nts now o► hararttir ractnci an1fiT proPwtY.
<br /> � lirl�ua now a h+rM�ltw s pa+1 ot tho proP�tV-All nplacwnw�tt artd �i:'r.Uons thall alao b�cowt�d by tt�S�cw'Ay k►sUUmxst.
<br /> � Aii ol ih�fwayoL�Q t�titarrad lo In thls S�curity MittumM�l ws thR�'�r�w�iy.' `_.
<br /> BOHAO��tA COVENAN►5 that B�rtaw« f� I.wiuqY ci:�t.:�ot tl;a atat� Ax�by convtryod and hss th� riqht to yru►t and
<br /> conv�y th• Rrop�rty and that th• Propwty is unancumhuo�, �x�ePt tar �^cu^'�+a"�+ ot r�cord. Bwrow�► w�r�nts�nd w�l _
<br /> clM�nd gsn�r�lly th�GUa ta iho PropaAy againoi W clainw and d1mt�M�,subjeet lo any�ncwr��nc�s of roccxd.
<br /> THIS SECURI7Y INSTRUMENT combir�vs unllorm cov�n�.�tt ka natiorul ue� wnd nai�unNa-m co�er�anW wiih lintiied _
<br /> varlsw�ns Dy{�ut�cllctlon to coneUtute�undcum security insuumK+t co�m�y r�sl property `
<br /> UNlFOAM COYENANTS. 8orrower u�d Ltnder cotienu�t��d�SYi9�x��W�� -
<br /> 1. Paymant o!Principst �nd Intse�sl: Pr�(�A�fiRQAf �nd Li�� Ch�'OY�. 9���sha4 ptomptM Wy whMi
<br /> dw th�e�cIpAI of �nd intx�st on the d�bt wldoncad Dy tA�Nc�ta a�d�nY P�Y�����d�EQ c�����the Note
<br /> 2. unda for Twas snd Insun�nca. sub�.ct�a a�,�w;a.��i�IAW O(�0 i WftKY1 WilYa by Lenda. Elatrowar shaM PAY
<br /> to Lond�r on th� day nwnthty payrn�nt� uo ciue unckr the Nota unti•thc hote b pald h 1uG.� �u+» ('Funds')la� 1�) Y�++N _
<br /> Saxss snd assasmants wldch may attain prSodty ov�r this S�auftl' L:ittrwnant as a M�n on the PropKty: (b1 Year1Y Iws�hold
<br /> WYm�nts or yround nnts on tha Prupwty, it sny� (c) Yaa�tY Mss�^d at P�aP�Y Insunnc�prAmfums: (d)Yaat1Y tbod Inwranr,e
<br /> promkima.G�nY� h�Y�Y�9�9e inwrance pnn�iums,tt any, a�ti �)�ny sums payabts by Bortower to Lander in acwrdanu
<br /> with the provkbna of parapraph 6, in Iteu o} tha pay�r�ent of mori�l�Ja Inwrance promiums. Tl��sa k�ns an caUed'Escrow
<br /> ft�nu.' L�nder rtwy, at anY tlnw. �oWct and hold Funds in an a�1auM not to �xcNd tha maxfnwm amount a iander tor a
<br /> I�dar�lty retatod maly�90 loan may roqui�� ta eorrowor's esuow �:r„�u.�t w�dx tha icdar�! R�al Estat�Settiemw►t Procaduras
<br /> Act ol 19T4 11a arr'�end�d hom tin� to tkne, 12 U.S.C. �2641 el sp• ('R�SE'I1�1• unlass �+►atMr I+w that �ppli�4 to tM Fund�
<br /> s�ts a iessr amount. If so. Under m�y. �1 �ny tir». coYMC1�und hpW Funda In on �mount not to oxcNd tAa Nssar amount.
<br /> Land�r may asthxt�the �mount ot Fundv du� on the Dssra o!wmr�t d�ta and roasa►+�ble astlmates o1 �xpenditures of fuwa
<br /> Escrow Items a othawtsa in accordanca with�pplicab►e law.
<br /> Th�Funds sltiall he Mld {n�n k►stiWUtu►whose dapasits un ins�tncl by a Ud�ral agency,hsUumonl�litY, or�ntity(lnck+din9
<br /> lend�r. H Lender Is such �n insCdutio�)or In sny FedK+J Hane Loa.�Bank. LandK sAW+�ppt!/ Ihe Funds to pay th�Escxew
<br /> ttemt. L�nder may not cAuye Bortow�r fot holdlnp and�pyhp tha��nds. annwYy �9 tM estxow I�ccount. or vaitY'�W
<br /> tha Escrow tt�ns, w�kss L�ndar PaYS &+rtoww hteresi on tha F:+nds and �ppycable law pamits Londer to mak� wch a
<br /> cfwpe. Howw�r. Undor m�y rpuin Borrower to pay • ono-w�ne aturye tor an ind�pendenl reo! �state tax roportinp savia
<br /> us�d by L�nd�r In connation with th�.s loan, unNss +Pplicob{a u,a provides olh«wke. Unl�s �n �grwment is made a
<br /> op;�icapl�I�w nquires iniwst to b� pald, L6f►dif SAiY ROt d0 fOqblffld t0 F/iy B01i'OWl�W1y IRtK�SI W W�1����F���.
<br /> Bortow�r �nd L�ndw m�y ayr� in writing� howeva. that htwost s:uiM be p�Mi on the Funds. lender shaM 9ive to Borrowr.
<br /> wfthout chwyo,an uu►uar�ccountin� of th�Funds, shov��ir�fl creci�.:and debqa to the Funda u�d the{xxpose Sor wNch euh
<br /> d�bil to tAs Funds wu rtuds. The Funda ar�r pkd9ed�s adzldiansJ r�cu^�Y for ap sums s�curod by the aecurity�nstrument.
<br /> If ths Fu�ds hdd by Londer a�ccacf 1h�amwnts pmrit'.od ta ba held by applicabb Is+K.La►der shaY aa�ount to Bartower
<br /> tor tha excess Funds In �ccordance wAh thQ requir�tt of appii+.-�obk Itw. d tlw amount of the Funds haid by LendK at any
<br /> tYne is nat sutfk',ient to pay the Escrow ttems when due. L�nd�r m:r��so natdy Borrow�r in writ7ng, ar+d.in su �� ���
<br /> shal pay to Unda the amount nsc�ssAry to maks up the de6dtnny. Borrower shall mak° up the d�C'iw�t''Y
<br /> tw�tus manthty paymants,at Lender's mie disuetion.
<br /> �P� WY�^�t in tuY of a1 suma sacurod by this Sac4u�j InsitumeM. Lander shar prort�WlY nfund to 8arovr�any Funds
<br /> hNd by L�nder. 11.undar parayrsph 21, Landa►shall acquirn w stdF tha Property. Lon�x. Drior to th�acqutsRlon or sY�i ot th�
<br /> PropMty, shaN�pply�ny Fw►ds hNd by Lender at the time o1�cqtlisltion or sale as �u�d'R a�hst thr sums s�curd by tNs
<br /> S�pxity Instnxn�nt. � ��� by Lendr under
<br /> 3. AppUcatloil of Paym�tlQ,�. Unkss app�cabk law provid�s othawise, a1 payirian •
<br /> P�+Or� 1 r�d 2 sRaM bs app8ed: firs� to anY P1eWY�1�3'Oa �+e unda the Note: s�cond.W�n►o�nts paY�bN under
<br /> panQraph 2; third.to tntarost due;fourth,to ptindpal due: and(ast,tc�}'tat�ohar9�s�����_ � to the
<br /> 4. Char�s; U�ns. eoROwK st,ar wy �tl wc.z. acsar�.ras. c�a�• �ar yrouna nna,if.ny. Bortowr snal
<br /> propwty wNch mry atttin priaiN over thlc Sscurily 4►stnus�ni. und l�asahoid P+y�nen
<br /> -- - p�y t� cci�OOOS in ii�.m.���j�to�'.d:3 .: w=s-�-w.� r..�r.a r.:.�iR t►�.t mwNr.Brnow�r shar WY tlti�ta on tlm� .---
<br /> drectly to th�pe+rson owad eayrna►i. Borrowx shafi p�oripU!furnisri to Ewuix �mR�o flendx ne�ipts avidenany yN -
<br /> ���h. 1� BOROMIlf ItHj(E3 Lf1ES� PI�RI'IBf1t9 d1f6C�/. BOtTOViOf' LAi� pfOtT1�1UY
<br /> ��a� ��;�,••� «•!�?�;�t�� •af;�j aY.^,�Z�1(: $.^..'j »'S�SSL'T«�.iS {iR�^+S BOROWEf. (L�t�!!S�fl
<br /> DOffOWW aiNi{�iiwiq+Nj uiawwy'a��ji .
<br /> writiny to the payma�t ot the oblig�tion secured by th�lien In a m�nner+coePtahio to Lendr. (b) cont�sta�t���
<br /> iien by, or d�tee�ds aq�inst enforc�r�nt of the INn In. 1�1 Pmczt�s whkh fn ths LM►dr's opinbn opua
<br /> enforc�rtwnt o!tAe Y�►: a(c) sacures kom the hold�r of the fia�n.an agree+nM►t satistatiory lo lencb►wbo�natin9 ths ii�n to
<br /> tl►if�InsVwn�n� fl Lander det�tmine�that any prA ot the Ptoperty is subJsct to a lien wNcl�m�y attain prio�iH ovr thls
<br /> S�auity k►sinxn�nt.Lender m�y give BOffQWK�ftOtlC!kkflt�JYl4:th0 lilfl. BOffOWK Sh�Y S�Y U1e IMfI 01 Lk0 O(1E Of flWr�of
<br /> ths�ctlons set forth�bovs withln 10 days of th�givfng of notica
<br /> 5. �IasArd or Prop��tjl lnwranC�.B«rower sh�ll 1op�P the irt+Prown+enu now uusthy or hK�ersd�d on th�
<br /> Propaty Ins�u.a ay�hst bss by firo,hazardc inck,d.d wiUi+ the eam •a�a«,d.d cov«a9.• ana any wna.�,wrd.�indu�ir►9 ,
<br /> Aootls or 1loodng.ta wAlch L�ndx roqukea insuranc�. Yh+s inuarance shal W m�k�tain�+d In tAe anwursLs and tor the p�rlods
<br /> ttut l�nder nquins. The inwranc�c�rrier provlding the hsuarnw shal b�chosen by Boaowa subjsct to Land�r's approval
<br /> whlch shaN not be wuaconably withhhatd. M Borrowr f�fts ti� rt�tin cov�rags dacribrd �bov�. landr may. �t L�nd�r'a
<br /> opfion.obL(n cov�aye to prot�ci Lende►'s rlphts in the PropartY:in accardsnc�with P+�+9�Ph 7.
<br /> p�t hsuranc� polict�o and renawats ahall be acc�ptabla ta Lendor anC shaY indud� a standWd morty�9e cl�ut�. L�ndar
<br /> shaY haw th�riyht to hold tha poYclas and renewals. H Lendis requires. BarowK shall prunpty 91v�to Lendr a1 nc«pts ot
<br /> pald prerr�iums and rrnaval notices. In the��Qnt of bss. Borran5x shafl yive prompt no6ee to the inwrar►ce carti�r md L.enda.
<br /> �mde*iw+y m�ks proof o1 bss N not made pcnmptly by Bortov�ac,
<br /> Unkss Lender and Bortowet oth�nvlse aqrce 3n writin9.ir,r.urance Proce�ds shap bo aPP�+� to rcstoration or ropair of th�
<br /> pmparty darn�yed'd tAe resioration or repair is ecawmic+IlY¢tasible and Lender�a seauay ts noe tessened. n u�. nuora�on a
<br /> repair ts not ecwiarifcally feas+bJe w Lender'a sxuity warid be lessaned, the k�w�r�cs proceecls sh�J be appli�d to the suma
<br /> seau�d by this Sacuriry 4nstt:cn�nt, whethet ar nol the�► d�e. with any exass pald to Barowr. It BorrowM abondona th�
<br /> property, w da�s not answa wdhin 90 days a notie�iroen Lender that the ins�ranc�c�niwr haa otf�d to s�ttM a ci�im.ttun
<br /> tena.r m.y ai�Cr w.hs�rnce proceeds. lsndu rt+ay �u.u,e prucaads w r.p.ir or rwwr. tha Prop.rty or to P.y sums
<br /> aecwced by L"ia Ser:riry Mstnrment,whether or nat th�n d�:e. Ths 3ad�y Fetiod wiil beyln whan Tha nodce is qven.
<br />_ UnSess !.fa�:er ar�d Bc+rewar othor►vlse ngree irr ws'Aitg. any a�Qfleatbn of Proc�sds to Prindpal shal not exbnd a
<br /> ' �tY.e�t:s Qate af the-nonthlY PeY�^ts ��reu ia ir. ���k:1 ;nd 2 a c'.�anQe ths a�nount of tM pay�ents. I[
<br /> tta�fWi�s�tt 21 the PropertY is�cQUi�ed by Lender. BoROwer's ri4ht to anY hsutacsCe polide6 Ilnd proCeeds resc�ding trom
<br /> dartuya te the Ptoperty p�ior to the a�utsiHon slull��asa W L�rtdu tct SAe adent of ths sums by ttis S�auily tns�s
<br /> inmadiatat�Ft,cx'to the acQulsition. '
<br /> 6. Occupancy, Proservatioc�, M�f�t�nanco and Prot+oction of tho Propo*tSf: Bo��w�'s �a� .
<br /> ,q�Pl���p�; l.oazYholds. Barowar shall oecupy. est�blish, and use the Proparty as @ortower's prindpal rasklence withfn
<br /> stxty days after the axecutivn o1 thls Se�wrily Instru�eni and s1uY contYwe to occupy the Properhr as Borrower's prY�dpal
<br /> roskiance tor at least one ya�r after the date ot aacupancy,unkss Lender othetwisa asreas in wrdin9,whkh conse^t shaM not
<br /> - �uM��y w�hheki. or unless extpr�atiny d�umstanpes udsl whlch ue bv�/ond Bortower's contro7. Borrowa stwl not •
<br /> dasVoy, darnage or impt�ir the Property. a1�ow tha Proparty to deterbrate, or conunit waste on tAe Property.Borrowx shaN ba h
<br /> d�twrt it any torteituure action a procecding, whetMr civ�l a crin�kul� Is begun that in Lender's good taiih Judgrt►ent coutd�esult
<br /> in forfaWre ot tha Property or otherwise materially in�xi�'1he Yen crnSod by this Securiry InsWment or Lender's security intorest.
<br /> F1316.I.J�AG(3/96) �W 2 d 5 �i.—.• �.4—
<br />__- 96117 . �
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