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<br /> TOf3ETiifR WtTii el� tRe improvements now or t►ereafter erected on tha property. end ell easem�nts. appurtenances. and �;'u°'d�< �,
<br /> • .AO r acements an�addiUons shz3 elso be covered by thrs Seeunry Instrument. � � �;
<br /> f a t u re s n o��o r h e r e a ft e r a p az t o 4 t h 2 p ro p e R y e P � . ` --
<br /> RD o0 the toregaing is mterred ta in thfs�pcurity!inslntment as thr'Property.' � : . � �,. •_-
<br /> BORAOWER COVENANTS that @acrower !s IawtuUy se�zed ot the astate hereby conveyed and has the nght te grant and �°: ;�i= ;� `�:::::.
<br /> : �a�,:v��;� ,..
<br /> convsy the Prapar4y and that the Prope�ty �s unencum6ered. except for encumCrances o� record. Borrower warranis and rr11 � , _ _ _
<br /> � detertd ganeraty tfio title to the Prop2Ry agaUist ail daims and d�mands. subf°ct to any encumbrances of recard. . ��.�,,� `' -� _
<br /> 7H15 SEC�JRtTY INSTAtlMENT combtnes uniform eovenants for naUanal use and non-undorm cave;iants wRh Crtuted � - ,. ',f'=`
<br /> variations Dy ju�isdtetion to canstiwte a unitorm securfty instrument cavering reai Properly. 4. . ry. .y^.Y_��;•y, �`
<br /> UNIFORM COVEIVAMS• Bonovrer and Lersder covenant and agree as toL'ows. .
<br /> t. P�yrttent of PilPtcip2tl and lttteres�Pre�faptgteJlt atsd l.sYe Charges.eorrovser sna11 prompuy Day when ' ' : �'�� ..
<br /> due the prtndpa�ot end interest o�the deht evidenced by the Note and any prepayment and late charges due�nder the Noto � • �� .. `�,-.
<br />_ � 2. �unds for Texes and Insuranee. Subject to applicabte iav�or to e vmtten waiver Ey Lender.Bona+r�er shall pay ;�r��+�,,;��,..w
<br /> --� ! to Lender on the day monthly payments are due unde►the Note,unti the IYate is paid in tu0. a sum ('Funds') for (a� yearFj 'ri ° '-��'- _ ' ��_ �.
<br /> —''� mxes and esssssmzrRs which may attaln prtority over this Securiry Instrument as a Gen on the Frope�ty: (D) yesAy teusehotd � �, -------� ,
<br />, � � payments or gmund rents on 4he PropeRy, if any. (c)Yea►tY harard or propeRy�nsurance prer.�iums: ld) yeartY 4aod Nsurance •.- . �: ,:
<br /> � pr�ntums, if arry: (e)YeartY mongage msurance prem:ums. if eny:and (Q any sums payabte Oy Borrower to Lender in accordance ;��_,�;�: , , ..
<br /> .. , with ihe pmvisions ot pazagrapfi 8. In Qeu ot the p�yment af mortgage insurarice premiums. These drms are ca:esl 'Escrovr '`.. . •`. -.�'"`
<br /> - ftems.' La�der may, at any time. co�ect and haEd Funds in en emo�mt reot to exceed the meximum amam-�t a Iender far a. '���`_�: :�'
<br /> a
<br /> . fedetaBy relsted moRgage toan may require for Bormwe�s escrow acw:urt under the tedatal Reat Estato Sett!ement Frocedures ',-?,_y: .�--.- -,-:,,, • � -
<br /> Qd of 1874 as amended hom time to time, 12 U.S.C.�2601 et seq. ('RESPA'),untess another law that app!:es to the Funds � - ± ' -
<br /> �t,
<br /> seis a tesse►amaunt it so. Lender may. at any tisne,coUect anC hold funds in an amount noi to exceed the Iesser amou�L "�~=�
<br /> •. Lender may estimate the amourrt of Funds due on the basis of ament data and reasonabta esi�nates ot expendrtures of tu�rr �--=- - -�T- '�
<br /> . I�_3.� .-.
<br /> � : Esaow Items or othetwise m accardance with applicab:e lav�. �'�, •`'�_-_- .
<br /> ��•:� The Funds shaU 6e hdd'm an institution whose deposits aso insured by a federal agency,itis�um�hl'sLy.ot entiiy(inctud:n9 •.. r:;
<br /> l.ender. il Lender is such an instiNtian) or in any Ferteral Horrte Loan Bank. Lender shaU apply the Funds to pay Ihe Esaow �,t� �° '��:-.•
<br /> �i a `
<br /> •.. Rems. Lender may not charge Borrower for hofding and apptytng ttee Funds. annuaity anatyaing the esaow accaunt or verify6ig __
<br /> ,Lj.<, the Eserow ttems. untess Lender psys 8arrower mterest on t�e Funds and epplicabte faw permits lender to make such a ;_�
<br />'=,•� charge. Howe,rer. Lender may require Borrowa to pay a on�ttme charge tar an independent real estate tax reporting service � `�--
<br /> . used by Lender (n eonnedion with thEs loan. unless appQcahle law provides otheruvise. Untess an agreement is made or --
<br /> appGcab!e law requUes interest to be paid, Lender shall not be required to pay Borrawer any interest or eamfigs on the Funds. -,.�5�4rs_ .-
<br /> Boaower and Lender may agree in vrtitmg, however, that interesl shaD be paid orr Me Funds. �ender sha0 give to 8or►ower. , y ,� � `. _
<br /> - without charge, an annua! acaounting of the Funds. showing credt$ and debits ta the Funds and the purpose tor whicA each �.r.�,,,,,r:.,s .
<br /> - d e b ft t o t h e F u n d s w a s m ada The Funds are pled ged as addttIonal secu�i l y tor afl sums secured by the Seauity Instrumen� �,4,,,,,,,,,,,,,,,,;:'_ -
<br /> . It the Funds heid by Lender exceed the amounts pertnftted to he hetd by appfecable law.4e�der sha!! account to Borrower �'`��`�_
<br /> tor the excess Funds fn 2ecordance wfth the requ�..ments of app6cable law. If the amount of the Funds held by tendet af eny �� ==���'-�-��� _'�""
<br />° � titne is not sufficlent to pay the Esuow Items when dua Lender may so notiiy Bormv�er m viriting,and.(n sucfi case Borrower
<br /> • shall pay to Lender the amount�ecrsssary to make up the dei�dency. Barrower sha0 make up tha datden�y in no moro than r.� .
<br /> ' . ' tweNe monthty paymetits,at Lender'e cafe disuetion. '
<br />::�/��Y Upon payment fn full of nll sum:, s�cured by this Security Mstrument Lettder sha0 prompty r�efund to Borrowe►any Funds ..y __
<br /> } held by lender. If,under p�ag�iF�f. '�ender shaB acquVe or sd#:Ihe Property. Lender,pdor ta VTe acquls(tion or sale ot the ��•��:;�; ,�
<br />�S{'.�;1� � Praperry, sha0 eppty arty Fuads hi�►i.ty Lender at the time ot ecm�h�on or sale as a credit a�.�t the sums secured hy ihty •��••. � ; • .
<br /> Seairitytnstrummd. " ,_.: ��� b�.} . _;y}-
<br /> �
<br /> , • 3. ppp([C8�afi, R�.' Ct3y:igPits. Uptess appGcabte law provides othprrice, aU pa}m►ents received by Lendet under '. '.�', �; .?p�t''•�' � -_
<br /> para�aphs 1 and 2 u1ndP I�appf�d 6rst,to any prepayment charges due und¢tise Note:second.to amourRs pa)able under ., `�'• ; `' •' +i, "� `,
<br /> ' . ;:�:
<br /> ppragrapn�thlid,to L��st dua;foUrth,to princtpal due:and Iast,tu.+sry late d;�s due under the Note. , ' '�;•�;+' � ..
<br /> 4. Chazg9S;• Liei9s. Bozrower shall pay a(I taxes. ass�is. cl�arges, fines an� imposidons attri6utsbfe ta th° , ,?':.'�:,..: -.
<br />� — Praperiy whtch may aitafi prtor(ty over thi�Securiry Ins7�ment, end teasehold paymrarts or�ouad r�ts,i}any. Bortnwer sha0 � . .": • ^ :�i:_ `
<br /> ' pay these o6�gaUons fn tAe manner pravided In para�h 2, or if not paid in that manner, BorrmKer shaD pay them on �r+e
<br /> � directty to the p�son owed payment Bortower shatl promptty fumish to Lender e0 notices of amafmte to be paid undev Ws �+
<br /> paragtsph. 11 Bortowe► makes these payments direcUy, Borrower sha� prom�� !umisA to Lender recepts• cvi�encing tho ,-��'�
<br /> :,,,` Payments. ' '� I. = , �..,,
<br /> Borrower shaG pmmptty dischen(�+�.ny Uen which has prtority over thin 3ec�:�t Ins�4umenl unl�s Borrowe�: (a) agrees in °;�`���-r'�:�
<br /> �y,,,�. �:��T! ' .
<br /> � ¢'�;.'• writing to the peymerrt oi the a6tigvlftur sewred by tho Ilen i� e manner acceptable to lender. (b) contests in goad fai�h Ihn -.t %+f� ..•_ � •.- �
<br /> � Gen by, or detertda against entorceme�':01 the 6en in,tegal praceedrtgs whiel�in the Lender's opinfon operate to prerertit ilt�. . ----
<br /> enioreement ot the Iicrr;cr(c) sewres trom the holder of the I!en an a�eem�t�at(stactory to La�det sudordin�a.'r:�t,tie f:en to ,,.,:.=`.��;;.� _ �'._�'
<br /> this Searity IncUumc�t.IP Lender detem�ktes that eny pari of the Pmp�y is subjoct to a lien wAlch may attain g�ic«.y over tt�:s �,�,"'y�+. = °-,�
<br /> Securfry ln�tltt��c.fii.lJ�sd��r may give Borrower a notice identitying the fien.Bon�r+x shatl satisfy the tlen or take one or more aJ � •� '""'� �?
<br /> � the actitusu:Qt�!fcY1 anove w�hin td days o1 Ihe ghring of not3ce. . Si��''� •
<br /> S. li�ard or Property Insur.�nce. Borrovrer shatl keep the improvements now exisGng ar hereafter erected ort thr� •y�,,f.��'�',,, .�
<br /> Property insured against tos� Oy fire, hazards induded witAin the tertn'e�Qended coverage' and any other harards, tnctndng b•� �. ..
<br /> �, tloods or tlootLng,tor vfiich Lender requires Insurance. This insurance sha0 be maintafned in Ne amourrts and for the periods �� r� ,--'
<br /> that LenQer tequltes. The insurance canier provtding the Insuronce shaU be chosen by Bortowet suDJect to lender's approval �+�rrk�-��..�
<br /> which ahaD not be unreasonably withheid. I1 Bortower taits to malnta;n coverage described eDove.Lender may, at Ler�der's �� <<�F•.�M;, q,;,.
<br /> r.!,�.,, , option,obtaU�coverage to pmtect L.c�rtt.er's dghts in the Properry in accordanee wlth paragraph 7. .��t�f
<br /> L. ' '
<br /> �:+�in�t� Alt Insurance pnifcles and r�:cuais shal! be aeceptable to Lender end shnU in�ude e si�:d`ard mortgage dause. LEndnr� - �,�::�•�.: ��:•
<br />�+.`•:� shafl h�vo the rlght to hofd the pc�lcar�and renewals. It Lender requires, 8ortower shaU pro:ny�"f glve to lender aD receipts al ' ���`���'21�
<br /> ,�{��;?��. , .e�ri�'�..-.:; � i�i
<br /> pald premiums and rec�ewal notices. In the event of loss. Bormwer shall give prompt noUce to the tnsumnco cartler and LenQer. � —
<br /> ' Lender may meke pma!uP tass H not made promptfy by Bortowec ��*.�� . --
<br /> Unless Lender m�d An:rmer otherwfso agree In writing,insurance proceeds:��1 be appGed to restoraUon or repair o11hg "'� �e,"
<br />_;;�'.�.,. Property damaged.If Uc�cesta�atlon or tepair is etonomieullly teasibte end Lenders secun'ry is not tessened.ll the restoraiion ar },�,�'.. ,++•:.
<br />;,.,::t�( reptilr is rtot economiraRy teasibfe ar Lender's securiry woutd ba I�s.,erted,fhe InSUrefice proeeFd9 sha7 be epplied t0 the sum:t• 'rr'iis �
<br /> � '�` �ecuted by this Secu�fty InsWment, whether or no!then due,wiYh ac:/excess pa�d to �ortower. II Botrower abundons the ����'�,'.;��=•�
<br /> . Propetty, or does nat answer wrthin 30 days a notice from Lender th.�4 t�e Ir�arenoe careier has oifaed to setfle a elatm.ihEn '��, ��:... -' `
<br /> Lender may coEecl ths In�urance proceeds_ Lender may use the proceeda to cacpalr or n�store tho Property or to pay sums ' ,•,�!��`'.
<br /> �• sewred by th1s SecurKy InstrumerR,whether or not then due. The 30-da/p�aficd�atl!be�n when the natic�b ghen. ' �M�.,� �' �=_�_.
<br /> - Untess Lender and Barower otherwtse agree In writing. eny epp!`ca�lcn rst proceeds to pimapal aha� not extertd or �ti'"��'�� ��
<br /> postpone the due date o4 the monthly payments reterred to is�parrc�".,phs 1 ond 2 or ch�nge tha amount of the payments. it . : �.r' • �"�'�
<br /> under paragrapfi 21 the Froyerty is ecquired by Lender. BorroHeYc ii{;itt to eny insurance polides and pmceeds resuitfig from • °�,--���:-�+�--- -�-v.
<br /> damage to the Property Frior to the acquis;tlon shall pass to Lender to the e�dent oi the sums by this Secudty tnsVument `�'�* "`�"""""}`""� '�
<br /> un�..•��'ety prfiar to the e�quisition. �J�"�'`
<br /> �
<br /> 6. Occupancy. Preservation. Maintenar�ce and Prate�tion of tha Propmrty; 8onoweT'ts Loon � . ���,
<br /> Application; Leasehotds. Borrower shall occupy, estabfish. and use tho Pro e as Barto�veis rin al resldence ►vithin �`'"•`'�'`�'"`'��� �
<br /> ;.,. P rtY D dD t�___.:.� .�_.-..
<br /> sucry days aRer the executifln ot ihis Security Instrument and shall conlinue to occupy the Properiy as Barro�vers prmdpal ,�"�-�`•'
<br /> � residence tor at least one year after the date of oceuparncy. un:ess Lender othervvise agreas in vrriYvsg,whicA consent shail ncc • � • ;°"'.,
<br /> ':s bo unreasonabty withhe(d, ar untess extenuating dreumstances exist v+hlct�are Deyond 8orto�ver's conVol. Bortower sAali not . _-
<br /> destroy. d�tm3�e or irepair the PropeRy. altow the Property to deterinrate.or eommit vraste on the PropeRy.Battower shall be �n <:' �;�.:�..s�... _
<br /> �� detautt il any toAeitura ac4lon or proceeding, vfieth2r civil or criminal.is bec1un that in Lender s good tn;th judgment eould result
<br /> � in 1oAeiture oi the FroyeRy or othenrise matenaUy impa�r the lien created by this Sewriiy InsVUment or LEV►der's sewrity�rtterest �� ���''
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