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<br /> � TO�[THEH W[TH aY Iha Improve+nMttN now er hareettnr erected on the property, end nN eaeementd. �ppurten�noe�. *nd �
<br /> fi;�tures now or lieraafter o�sr�rt nt Ihe praparry.Atl replacernet�ts end edditions shatt at�u G�eo.��..d by thl4 °aca.�ity Inetrum��l.
<br /> A2 of thc�torepolnU I�ratenec!to In this 5ecufrty Innlrum�nt vs the� 'Property.'
<br /> 6n;1t�l1VV[:!1 COVF:PlhN'T3 th�:1 florra�ver Is I<nvtully er:lzeu ei tho e;�tato hereby convoyed nnd has the dnht t� Uranl and _
<br /> convay the Property end Ihat the Prcpetty Is unencumbaod, excapl for e��cumbrencas oi ror.or�l. k3o�ro�vev wairant� snd w��l --
<br /> dMa�d�ensTally tho Iltle lo Ihe Property ag�lnst rll cwtms nnd demends, aubJett to any encumbranc�s n1 record. �
<br /> TN�9 3�CUHI7`N IN9TRUMENT combin�� unHorm covenenta for netlonsl uee �nd non•unliorm covenante wlth Icnfted
<br /> varf�tlona by JurlsdictMn lo conatitute�unNortn eecurtty In�troment caverinp re�l propxty,
<br /> UNIF'ORM(:UVENANTB• Bortowa�nd Lsnd�r cown�nt and�qrae se tollows:
<br /> 1. P�ym�nt of PriRCipsl Mnd Int�rNSt; Pr�paym�nt �nd L.at� Ch�rp�s.Bonower ehaN promptly pay wh�n � -
<br /> duo tho princ!��I n!nnd Ntereet on the deht evld�nced by the Note and�ny prepAyment end late chnrges Aue under the IVote. �
<br /> 2. Funds for Tiuc��and Inaur�nc�. SubJ�ct to eppWc�ble I�w or to�wrttten w�iw+r by Lender, BoROwer ahrfl pry
<br /> to LendK on the day madhy prYm�nts �r�due under the Not�, antll ths Note Is pald In NN, • sum ('Funds")for (r) y�ady �
<br /> taxea and aaseeamenta whlch rrury �ttaln pdority over thla 3ecuriry Instrument es e Iien on Ihe Proparty: (b) yeetty Iea�4h�ld
<br /> p�ymente or g�ound renta on the Pr�pertyr, H�ny; (aZ ye+rry h�zard or propsrty Insurance premiums; (d)ye+�dy flood Insunnae
<br /> pranfums,If eny; (e)yeuy nnortqaga insurance premiumo,If any:and (Q �ny sums payebta by Borrower to Lender In accord�nce My
<br /> with the provis4nnt� ol pu�9r�ph 8, in Ileu of tho peyment of mortgage Insurence p�emiums. These itoms ere called "Escrow
<br /> Items." Lendnr.m�y. al any tkne, cadect end hold Funds In an emouid not to exceed the maxknum emount n lender for a
<br /> toder�ly relRted mortgage loan may require for Borrowa's esaow sccount under tha federsl Raal Estate Settlemsnt 1'roceduror
<br /> Act oi 1874�a emended horn tima to tknb, 12 U.S.C.�2601 et seq. ('Hr3PA"►, un[o3s Rnothar law that applles to the Funds
<br /> sets a lesser emount. II Eo,Lender may, at eny tkne. coNect and hokf FunQs M a�� art.o��ant not ta exceed the leaser �mount.
<br /> Lender may estkn+ite the�mount o} Funds dua on the basls ot curront dn;�rs!;d 1'SRa^�N'3JHR er,��;qa.iti q! expc�nditures ot future
<br /> Eccrow Itans or otherwise In accordance wfth epplicabfe law. `
<br /> lhe Funds shaN be heid In an I�aritutlon whose deposits ere In�ured py.rn t�ra�1 x�!n';�Y,inst'�i"x�'�'?�Y� nr entity (Includkip
<br /> 4.xnder, H Lender la such wn hstitutlan) or In �ny Federal Home Losn B�u�:c. Leseder aRm'11.e�,ppRy the�unds to pay the Escrow
<br /> it��ns� Lender may not cht�-ge L3airower for holding and a�;Z;�ing the Funds, annuslly ��n'L�:n� the eacrow �cco►:nt,or vexitying
<br /> ' iMo Cbcrow Items, u�fose •lenc�er pays Burtower Intera�C s��n 1he Hunds f►nd appqcab�e"�t�r.�ermiia l��d�; to ru�ke such a
<br /> chsirqe. Howevsr, Lender�n�y requiro Bortower to pax ���+nt�43me cnarge inr �n indepon�ertf re�l asitte tax report(ng aervice
<br /> used by Lertder..�p connectlon with lhia loar�. unlesa arr�ati.�+No isw �:�.�:r.'e� othetwise. Untass.,a�,}c�eement is madd or
<br /> appNcable law ra7uires Inlorest to be pafd, lonrYa7 hS�a'c.nu,q�i�b reGulred���p�y Borrower atny Intere.y;�.�•r flamings on tho Funds. .
<br /> Aorrower end lender m►y ayree In writing, how��n`�3;:rti�'t:tnierost shaW'Ae puld u;► 2IZr�x�ir��3+ La���:7ar�sh�1M yNe to dortower,
<br /> �vithout charga, an unnuU ecsounting of the Fundti, •�'h:tYling credfts un:�dc�liNs t� Cha'FunBs.a+1�lYa��u+pose for which eaoh
<br /> debit,'tu the Fupds�vas made. The Funds ere pledgecl'k�+�nddillonal ser.udty for u'A sana secutYd by';nn;�ecurfty Instrumant.
<br /> If the Funds•held hy l_ender exceed the nmounts permitted to be hdd by appNcabfe taw, Len�ior'shnp pacomit to Borrowa
<br /> tor the excess Funds In�ccordance with tha requlreme�ts o1 appAcabla luw. it the �mount ot the Fih•��T1s.held by Le�dar at eny
<br /> Ume Is nai sullicient to pay the Fsctow items wiien due, Lender may so noiNyr Borrower in wrftlng, anii, in such case Bottovrer
<br /> sfuiY pay tu Lcv�iler the unount necessuy to meke up the deficlency. Borrowx shaM make up the de'ficiency fn no more ih�n
<br /> tweNe monthy pnyme�te,at LenduPs sola diauetion. .
<br /> Upcm ptyment In M c�1 nl! cums secured by this Seaurity instrument, Lender ehaM promptly retund to Bortower�ny Funds
<br /> hN�1 py iendef:. if��ndar Fwwyri�y+i� 2i. La�� oit�:s:.Catt�.�r��:f!s°Qtop�T;.!«tQ!x.�+tl�r to ih•±+cnuWtkx� or sale ot ihe
<br /> property, sh�Y np.ply any Funds held by Lender at tho lime oi acqulsidpn or sale es a credil ageins!9Tio'suma secured by this
<br /> 3ecurity Inatnir�ent. : � , `' '' :
<br /> 3. ApplleeRion of P�yments. Unlaex �pp4cable,Ww ptavi�es•otherwlso, ell p�yments v�FFi�ft� wy Lendar unda' "..�.;
<br /> t,�ar�graphs t and 2 :,hd be appNed: &st,to any piepayment charges due under the Note;second,'t�����nxwnts puyable under
<br /> ,pnrugreph 2;thkd,to inlerest due;fourth,to pr(ncipa!duc: and last,to any Iste chergas due undx the'�ote.
<br /> ' 4. ChM'qsl; UMS. Bort'ov�er ahaM pay all taxes, xssessments, cherges, Iinas end Impas�ci�a attributeble to the .
<br /> Propaty whkt�ma�aitt�fn PrforitY over thie$ecuriry Instrument, and lessohold pnymants or ground raK/s,�Tt�ny. Botrow�r ahwq �
<br /> pay these d�Ny�tions h the mmner providec9 !n pereyroph 2, a N not peld In thst m�nner, Bcrcow�ds.;�'�aiN pay thern on tkne • .
<br /> dkectly to tho petson aved pRyrt�t. Bortower sheN promptly furt:lsh to Lendx W notices of�rt►ount�,to be pdd under thb
<br /> par�qr�ph. tl Bortawa rnalcea these pryments dkectiyr, Barower sh+N prompily iwnish to lsnd�r recalptc a+ridendny thn
<br /> Dayments,
<br /> Bomower shsY promptty disch�rge any Nen whlch h�s priorRy over thia Security InsUument unbss Borrow�r: (�) eqnss In
<br /> � writlng to tt�e pt�yment o1 the obYy�tbn sacured by the Nen in o ryunner eccept�ble to Lender; (b) cunt�uts in qood hkh iho
<br /> lien by, or d�tpr�ds agrnst enforcement at the llen M, legd proaeedN�gs which in the l.ender's opk�lon op�r�te to prownt the ,..
<br /> a�torcemxit o!.t1ia Ren;or (c) secures irom'rne hotder of the Nen an�gryoment saUsi�ctory to Lendsr sr�qprdinaUnp th�Ilm to •; �
<br /> ''�'�• �� ;,�1h Security#+ghtrnent If tMder deternanv�'that�ny pert of the Property'�i� aubJ�ct to a Wn which Awy`ett�in pdaity�over this ,�';�;�;:;�.
<br /> , ,: ,`� .-'.`,S"ewrity InaWm�nt, l.mder mey give B7.cC5'ix a notice k]e�nlitying tP►r 1`xi.8ortawer shaU satisty the Nen or ttke ora,�cnr:irt;are ot .
<br /> ?�+,� � �s ;;�b�aatlons,a►.1,4orth ebo�a x�ithin t0 dpyrt ti'tthe ghring of noUce. � : ;,.
<br /> � !f. Hai�f!r.t•i or ProplTty Ii1s�T�ft.h.Cr.Boeruwer shall 9tt+ep EAs hnprovements now existk►g a here�Rer ere..JO�•hh 1l�s�; � + } �,,
<br /> � �Arof,erty insu�:uw:rg4inc�loss by&e.:A�:i�t;le Mduded withh the teim 'extended coverage' �nd �ny oth�r tu�zyrcfa, fnduJn�;�:, . ,:�.
<br /> ; ,'Aoods or 11wi7iaq,(orwh{ch Lender requkds Ins�uancn. 'this fnsurAncc sl�i+ll be m�k�t�k►ed in the amounta and icx the parbd�;{; � � �
<br /> _that�I.ender repuiras. fie Insunnce certiar providing the Insur�nce shN�e tl�c;ann�by Borrowar aub}wt to L�ttder's apprord ',';�..:'
<br /> � whlch shaN not be unroasa�ebly wilhheld. Ii Borrower TaNs to mantain cor�ua��e.tfn;�dribed ahwe. Le�der mey,;.mt�i:�e!itl�x's
<br /> option.t�bS�h'xovarageto protect Lender's righta In the Property in accordmce witfi'pr.iLC�`uPh 7. '... ".•, , .
<br /> Ap ires�r:ii�r.s poWdes artd ronewals shaM 6e �cceptrble to Len�and shaN indude a stand�rd mortqage ciqt^.��•k.ln�lor ':
<br /> shaN hare 4"}=•Gli.�t to hold the poYcks and renewals. fl lender nr•�aire�..Bortower sh+�N promntly give to Lender aN rooaipts qt''..���,..
<br />— p8d premRpr,�•rj,�tl renewal noUces. In the event of lass, BorcaNer shnY gNe prompt notice in the ir+surrnce cartie►�nd�ender.'•`�-:� �
<br /> Lender may rix�ke proof at fosa N not made promPBY by Eiorrower. ' ,.', �
<br /> Unlass Llrsdsr afnd 6+�uowe� othmvise ac,pree in writing, Msurance proceeds shyll fae appWed to �estoratiun ar ae;n.+ir of th�
<br /> prope�ry d�rreg��:1,]f the �atoraUon or repsk Is economicaMy feeaible rnd 6ender's seu►dty Is not Ie.saened. H the ue:f;cr,�tbn or'
<br /> repatr i�not ecMiomicdy teasib{e or Lsmda'e securityr would 6e lessened,ihe fnaurence proceada st►aA be eppNed to the aunxs , .
<br /> secured Oy this Secuntyr InaWment, u4.M"ier or not then due, with a.71 excesa pald to Borrower. l4 Borrower nbandon� t�►e•',`.
<br /> Propaty, ar does not mswer within:x7 etays a noUce irom LendAr 97►ae t?�e Insurance canier has ottered to settle a d�kn,9her,
<br /> Lender may collect the i�rr��nce proceeds. Le�der may use the praceeds to �epek or restae the Property or to pay sum� '
<br /> securud by lh(s Secud/N�s'+umrtM.whoTher or not then due. The 30-day pedod w:iU hegki when tha noUae ia given.
<br /> Unless l.ende� a� 8onox�er otherwise egree In wdqng, any appiic:atbn 41' praceeds to p►indpal shaB rto4 e.�cnd or
<br /> poatpone tha due dalo ot the monthiy p�ymenta reterted to In para�tat:x,a 1 aR�9�ov change thm amount ot ihe peyments. H
<br /> under p�ny�ph �1 the!}toporlyr Is e:��u�rcd by Lender, 8orrowesa rigt7t to sny insurnnso poNctes and proceeds resuking irorro
<br /> dumoqe ta ths Prop«ty (xbr to the �cqulsHion shsl pass to Lend�r to the extnnt of the awa� b,r thts Security InaUUrneres
<br /> inxnedi�tey pricx to the acquiskbn.
<br /> 6. Occupancy, Arss�rvatlon, Maint�nanc� and Prut�ctton oT tt�s Proprorty; aorr�ers i,aam
<br /> AppllCitlon; l.Ra�NhOld�.�arower shaq occupy, esiabNsh. �nd usQ tho PropMy na Botrower's piktdp++t rps�:�ence vri�,t,,n
<br /> sixty days aflor the execuUon of this Saaurity Insirument and sh�p continue to occupy lhe Ptopeib,� as 8ocrower's pdncipa0
<br /> resWec�ce ior at loast on�yenr after tho dnin of occupancy, univss Lender othe+wise agrces In writiny,which consent shaB nvA
<br /> be unrr.asonnbiy withheld. or u�less extenuating cka�mstsnces exlst wh{ch are beyond Borrowa's controf. BoROwer sheM not
<br /> destroy, dynage or krQair lhA Propert�r, a8ow the Prop�ty to deteiiorate,or commit w�ste on thA Property. Borrower shaN be k�
<br /> def�uft ft eny toHdturoection or pracee�dng, wheth*r civil or aknlnal.Is bepun that In Lender's good IaNh Judgment could resuM
<br /> In torfeiture o1 the Proptriy or othe�wiso meterlaNy knpak tho Nen created by thls SecuriM Instrument or Lender's securrty interest.
<br /> F131G.LM3 l3/96; Pa4u 2 ot 5 (��...,_ //,J•
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