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<br /> TOQE7HER WI7H ell the Improvementa now or hereatter erected on tr►e prop�►rty, ana ali e�sements, appurtenances, pn
<br /> ' tixtures now or hereafter a part ot ihe properry. AI!repfacements nnd ndditinna sha0 a!so be covered by this Security Instrument.
<br /> All ot tho!orP�olnp la rEferred to In thls Secudly Inat��rnent as ths"Praparry."
<br /> pQRkOWCFl Cl7VCNANTS thnt Borrower I� lawtully aefzed ot tlio estata hereby canvoyod and hns th� r1�ht to qrnnt mid
<br /> convoy tNo PropeAy ancl thwt tha Property fs unencumbered, except lor cncumbranccs of rccard. Borrowcr vir.rranto and wlll �--:-
<br /> detend genara7iy the tltla to lhe Property aguinot all clalms and damands,subJect io nny encumbrances o1 record.
<br /> TH19 S�CURITY INSfFiUMchi7 combines unllorm coeenunts tor natlonef uae end non-uniform covenants with Ilmlted
<br /> vaiixtlana by Jurledlctlon to conatkute e unitorm aecurlty Inatrument covering real propcniy.
<br /> UNIFORkI COV�NANTB. Borrower and Lender covenant and agree ae follows: when
<br /> 1. P�ycn�nt of Princip�l �nd Int�r�at; Pr�pwyment �nd Let� Ch�rgea. Bortov�er shell promptly pay
<br /> due the pr(ncipel oi end Interest un the debt evidenced by the Note and any prepayment end late chs��ges due under the Note.
<br /> 2. FUftd��QI' `1'iXYd Gltd ID�U��I1C0. 9�ibJect ta eppilcaUle law or to u written wafvcr by Lcndcr, Dorrawcr shn!I pny ,-
<br /> to lendx on the d�y monlhiy payments�n dun under 1he Note, untN che Note I� pnld in tull, a sum ('Funds") tor: (e) yeariy
<br /> tnxes end eesesamnnte whlah may aria4i prfority over thls 3eaurity Inelrumer.•t aa e Ilen on the Properiy; (b) yearly leanehold
<br /> Nt►ymonta or ground rents on the Property, If any; (o) yearly hazard or property Insurance premlums; (d) yearly ilood Insurence
<br /> premlums, ff any;(e)yearly mortgaga Insurance premlums,N eny; end (�eny sums payab!e by Borrower to Lender tn eccordance
<br /> vrlth the provlslo��s of pwr�graph b, In Ileu o} tho payment of mortgage insuranco premlums, These ftems ere called "Escrow
<br /> ItPms." Lenden'rtwy, at any time, callect and hald Funda In an amount not to excoed iho maximum amount a lender for a
<br /> Ieda�aUy rekted mortpaqe luan mAy require tor porrowet's o�crorr nccount under the tedernl Real Esteto Settlemsnt Procadures
<br /> Aat�t 187A aa emended lrom tlme to tlme, 12 U.S.C. �2801 et seq. ('RGSPA'), unlesa nnothar law that epplies to the Funds
<br /> ssts a lesser nmount. If so, Lender may, at any lime. collect and hold Funds tn an amaunt not to oxceed the lesaer amount.
<br /> Lendw mwy estin�e�!e the arnount o}funds duo an tho baals of current deta and reaeonable estimates uf expendituros of tuture
<br /> Escrow ite+mg�r otlierwise In accordenco with nnpYcable Iaw.
<br /> The�undz shaU be held In a►s Institution whase deposits are Insured by fl toderal sgency, Instrumentality, or nntity(Including
<br /> Lender, If Lsnda is such an InatttuUon) or in any Federal Home Losn 6ank. Lendet ehsll eppfy the Funda to pay tho Esc��dw
<br /> Items. Lencler m�y not charye Borrowr.r for holdinp end epplying tha Funds, ennunii�snayting the oacrow accau�9,or vnrityk�g.�
<br /> the Escrow Items, unless Le�ider pays Cicttowsr Intcrost on the Funds and eppllo�ble Irnv pelmiis Lendx to'mako such e _
<br /> charge. Howover, Lender m�y requlre 9oaower to pay a one-time chsrge tor an Independent rcfll esiate tax rcynorting servico
<br /> usod by 4ender In �onnection with thls Ioen, unless eppYcable law provides otherwise. Unlexs. an itpteement Is mad� o'r
<br /> a�plicabte iaw requlrea Interest to be pafd, l.�nder shail not ba requlred to pay BoRawer an�interest nr eemings on the Funds.
<br /> Bort�wer and Lender may ngree fn wrlUn�, however; that InlerESt shall be pald an Ih� Funds. l.ender shall give to 9orrowar,
<br /> withQUt charge,en ennual.accounting of the Funds, ahowing credRe and de4Rs to the F'unds and the purpose for whlah e�ch —
<br /> debit to the Funds was mnde. The Funds ara pledged a� addlttonal security tor ell sums secured by thn IIecurfty Inatn�ment.
<br /> If the Funde held by Lender exceed the a.mounts permitted to be hdd by eppHcable kw, Leqdor ahaA account to Bormwnr
<br /> tor tha er.cess funds in accordence wkh the requlrements o1 applicable law. If the emount ot the Funds hdd by Lender at any
<br /> time 1:, not auHldent to pay the Escrow Itams when due, l.ender may ao notHy BonoWqr 1n wriW�g, und, In euch cese Borrower
<br /> sh�M pay to l.ender thp amount necesaary to m�ke up the deticlency. Bortower sha11�r�ke up the deflclanoy in no mnre than
<br /> twelve monthy payments,at Lender'a sole discretlon.
<br /> Upon payment In tuN o1 all sums aecured by this Securfty InstrumenL Lender sh�N prompiy telund to Bortower any Funda
<br /> h��b�l�n�. !t, �!n�!�;'ur�arwnh 21,Leinder shell acqu(re ov seN thn f�'operty.Lender,prior to the scqulsHlon or ealo of the
<br /> ' Property, shxN epply any Funds hdd by l.ender at the time ot scquleltldn or sale aa a crcdR agalnst the sum3 seourstl ny this
<br /> Security Insfiiment. •
<br /> 3. Applic�Elon of Paymsnte. Unlesa eppUoat+(e law provides othenvise, atl payments recelved by Lenda under
<br /> pua�apha 1 and 2 sh�H be apptied: fvat,to any prepA.yment cherpes due undar the Noto; secand, ta emaunts pey�bla under
<br /> puaigrnph 2; thkd,to inters�t due;iwrth, ta princip�f due;.and last,to any I�te oherges,:due undAr the•Note.
<br /> �. Ch�r��s; U�Itl. Bortower eshail pay al{ tpxes, assessmenta, charges, flnea and iropo�flions �ttrfbutable to the
<br /> PropeHyr whlch m�y�tteln priodry over th1t�Securiry Inetrument, �nd ietisehold paymente or ground rento, N any. BorrmN�r sh+dl
<br /> pay th�ss ot►IIp�Uona In the m�nnnr provlded in panpnph 2, or li not paid in that m�ner, Bortower ah�M pay than on tkne
<br /> , dkectly to the p�rsoo owad pryment. BoROwa shaU prompiy tumish to Lender aH.notices oi�mounta to be pald under ihla
<br /> puMgrnph. If Bormwer mukes these p�yments direclly, Bomower shaA promptly IurtUsh to Lender receipts evldendng the
<br /> . paymant�.
<br /> ' Bo�rovrer eh�ll pramptly dfach�rge any Nen which haa prioril�over thia Security Inatrument un!ess 8orrower. (s) eyrses In
<br /> writinp ta the p�yment ot the obily�don secured by the Ilen in �m�nner accepUbN ta Lenda; (b) conteats in gaod hfth th�
<br /> - Wen by, w delends Aydnst enforcemen! of the Ilen In, le�l proceedh�pe whfch M the Lendx'e opinbn oper�ta ta prev�t ths.
<br /> � en(orc�ment ot th�Il�n; or (cj oecures hom tho holder of lhe I'.en an spreement sntlsi�^.tnry to lender aubordinaUng ths Nen to
<br /> thls Srcurity InaWment If Ldnder determines that eny part of ihe Property Is 6ubJecl to e Ilen which may�ttsln p�futily over thle
<br /> Securtty Instrument, Lendnr rnay gNe Borrawer a notlao Identitying the Ifen. Bortower ahsfl aatfaty the Nen or take nne or moro of
<br /> the actions set torth above wfthin t0 d�ya of ths giving of noUce. " "
<br /> 5, }461AK1�Pd ar P�e►p�r4y Insuraoc�.Bwrower sh�ll keap'the improvements now e�natin8 Qt he�s�Rer dnct�d on the
<br /> � Prnp�rty Nisurad ag�{nst loss by fae, h�zarda Induded within the tefm 'extanded covenga" m�';any1 other hwrrls, Indudlnp
<br /> ffoods or iloodinq,tor whlch Lender tequkea fnsunnco. Thle Msurance ahNl be rtw4�tainad in the��ntounts mnd tor the pabds
<br /> tft�t Lander requkes. The insuance eartier provldk�g the Ineunnee ehell be chosan by Bonrnver aubJeet to lender's�rov�l
<br /> which sh�ll not be unrensoneby wilhheid. (t Borr4wer i�Na to m�fntaln coven��o•deac�ibed ebovs, L,ender rrKy, at Lende+r's ,
<br /> option,obd�M covong�tu protect Lender'a dght�In the Property in eccard�ncs wkh pU;aynph 7. .,.
<br /> AM Insunnce poAaea �nd rcnewala ah�ll be acceptabin to Lender nnd shall Include a standurd mortpape dsuse. Lender
<br /> ah�M have the dght to hold the pqllolop�end ronewala. It Lmder requkes, Borrower shaN prompUy� gMd tu Lender sil receipts �t,
<br /> p�ld premfume and renewal nnttce�. -M�lhe event of icss. Borcowar sh�q pke prompt notica ta tha inaunnce anier end Lendir.�
<br /> Lenda mey n�eke prAOf of loas H not made promptly��y Borrower.
<br /> Untess lender and (iorrower othenvise agree in wrltiqg�InauranCe p�oCeed� sh�il be epplled t¢testorxdan•or,repak ot the
<br /> f'roperty derr�yed,H lhe rc�torsUon or repslr Is econoroFcaMy fo�sible and Londer's sccurity la not leseenx).,If the restoration at
<br /> rep�k Is not economlcaly te�aible or Lender's security would be leaser►ed,the Insurence pmceeds�shali be app8ed to the sumA ,'
<br />- secured by thl� Security Instrument, wfu+thar or not thon due, wlfh any excess pold to f3oROwer. If 6orrowor�bendona tha
<br /> Properry, or daes not answer within 30 daya e notice irom Lendor t�at the fnauranad carrier has ottered 4o seriie a cteim,then '
<br /> Lender may coNnct th��lnsurance proceeds. Lender may use the proceeds to r�Ark or restore the Property or ta•puy oume
<br /> secured by thh Securtly:fiatrument,whether or not then duo. Tho 30•dny perlaJ adll�hagin wh�n tha notice fs qbah,
<br /> � Unleas Lender And Bortower otherwiae agree in wrriin9, any application o4 proceeda to pdncfpel shali not oxtund ur
<br />° postpone�ha due dute oi tho monthty paymente referted to fn pemc�raphs 1 end 2 or chengo tRe anount ot the paymonts. Ii
<br /> under.pt�r�ryt�ph 2i the Property Is acqufred by Lender. Bor►a�eer's rlc�ht to any Insurence policios �nd procoeda resufting hom
<br />_ damage to the Prope�ly pdw to tho acqulsRion shall pass to Lender to tho extsnt ot the sums by thf� Secuiity Instrument
<br /> ImmPdktely p�lor to tho ecqulsiUon.
<br /> __a n..�a� �t �1.� C �rrwviar�� 1 nin
<br /> �. vcaupancy, rreasriiii6n� It�ilfRftttttti� �IttY r1Va�t,►sv�• v� ��� •�rr����j
<br /> Applieation; L9e9Bh0lds. 6orrower shap occupy, estnbllsh, r►nd uso tho Property as Borcower's principel realdence within
<br /> sixly days after tho executlon ot this Socuriry Instrument nnd aha!I contlnua to occupy tho Prope�iy as Borcower's p�incipal
<br /> restdence tor at least ono yonr efter tho dato of accupancy, untess Lander othervvise agrr.es fn writing, whlah consent sh�ll not
<br /> be unreasonaby withheld, or unless extenuetinp circumstencos oxist whlch nre bnyand Borcower's control. Borrower BhaU not
<br /> destroy, damage or Impalr tho Property, ailow tho Properiy to deterlorete, or commit waate on tho Property. 8orrower shell be tn
<br /> dotauH H eny torteiture actton or proceeding, whether clvil or cdmtnei, is begun that{n Lender's good tafth Judgment could result
<br /> In foHellure ot ihe propertyr or othonalse mateHelly Impelr tha lien created by this Sacurity Instrument or Lender's security fnterest.
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