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<br /> TOtiETHER YYfFH ell U►o�rt�rovements now or hereafter erocted on the property, and `e.�:,:��
<br /> �fsxtures nnw ar heresRer a part o4 ti�e properry.All neplacements and a�ditlorss shall etso be coverad by thi�Securiry lnsUUment. �;;1`��'-
<br /> Ati of the toregang Is�afeRed to in this Secunhr�nsuument as the"Propetty' �`�'�i;T
<br /> � BQARDV1tFR COVENAN'TS that Bortewcr fs tawtulty seized a1 the estate hereby conveyed and has the right to grani and .=,
<br /> convay the Property and thai the Prapes4y is uneacumbered. except tor encumbrances o1 record. BoRawer rianants m:d will '•A��,�_.
<br /> defend general�y the tiUe to tfie Property aga:nst uIl clams and demands.subject to any encum�rances o1 record. �•t::,��`4
<br /> TFiiS &ECUAITY fN37RUME�+1T combtt�es unitorm covenants far naUonal usQ and nan-uo[tartn covenar:ts with lbnited _
<br /> variations by�unsdicaon to censbtute a unitortn security insUument covering real proAeRll� —
<br /> UtVIFORM C01(ENANTS. Barrower and Lender covennnt and agree as tol:ows. „ ,
<br /> i. Payment of Prirect�aal and Interesx Prepaye�sant and Late CBtargas. sonower sha�PromaW vav wnen __ __ '�
<br /> due the princtpal of and interest on the debt evidenced by the Note ana any prepay�nent and tate charges due urtder the Note ;_-`�
<br /> 2. Funds far T2xe9 and tnsueanee. Sub�ect to app�cab�e�aw or to a wrmen waiver by Lender. Bortower shall pay ,,.1�
<br /> �-s, ro Lerrdsr on the day monthry payments are due under the Note. until the Note is paid in full.e sum('Fundc') tor (a) yeafly _ �, :_ .
<br /> - te�ces and assessments which rs►3y ati� pstodt'; ovet thls SeCUritq Instrument as a lien o� the Property. (b) YeaAy leasehold ��_�_:,_.
<br /> PaYments or graund tents on the Properly. if any; (s) Yeat�Y ha¢ard or property insuranae premlums: (d) yearlY tiaod insurance 4:�'
<br /> ptemiums,d any: (e� yeariy mortgage insurance prem!ums.H any,and(�eny sums paydble by Bottower to Lender m accordance s�--.'•=`�
<br /> .. ,,..�.
<br /> :,.,.r.�_.:
<br /> vrtth the provislons of pamgiaph 8, In 4'su of the payment of mortgaga Insarance premums. Thesa it�ms are c�L'ed 'Esccow - -.___�,,,,
<br /> items.' Lender may. at any time. co6ect and i�old runds �. �s ar.saun! noi tn exceed the maximum amount a tender for a `�:T:r_.�*_
<br /> tederalIy reta4ed moRgaga Ioan may requse tor Bortovr¢rs esaow aceount under the tederal Rea! Estate Sattiement Procedures ��=.��i�'-
<br /> Ad of 1874 as amended from Ume to time.12 U.S.C.�2601 et seq. (°RESPA'), unless anoU�er taw that appfies to the Funds n.��_-
<br /> sets a lesser amount It so.Lendet may. at any 1ime. coitect and hotd Funds in an amount not to exceed the Iesser amount �`F�=•,.
<br /> LeJ►Cer may esflmate the amount of Funds due e�n the basis of curtent data and reasonabfe esdmates of e�endiures of tuwre �,�,�--•—
<br /> Escrow items or otherwlse[n accordance�vfth applicable law. ����-_-
<br /> The Funds shaD be Aeid In an insUtution whose deposib are insured by a tederal agency.instrumental�y.or�Siiy{mdudng �—r___
<br /> ' � Lend�. il Lender is such an mstiiuution) or in any Federal ttome Loan Bank. Lender shail appy the funds to pay the Escrow �_�__
<br /> s
<br /> }- tt�ns. Lender may not di2ige 8acroweg for hatding end applying the Fimds,annualty enalyun9 the esuow acoaunt,or veatying �
<br />� the Escmw Items, unless Lender pays Borrower interest on the Funds and eppficable law pe�mits Lender to mahe such a F,.�
<br /> . charge_ However. LPnder may requira Borrower to Fay a onatime charge fot an independent�eal estate tax repoRing senrtce = _ _
<br />• used by LQnder in eonnecUon with thls toan, unless app�cable tarv providas otherwise. UNess an agreement is rt►3de or �—L�
<br /> � appltphie law cequlres interest to De pald L.e�der shaU not be requtred to pay Bortower any irtterest or eamings on the Funds.
<br /> Bortawer end Lender may a�ee in writing, however. tha4 inf�est sha0 be pald an the Funds. Lender sfia'1 �sre to Boaov�er, •�;,
<br /> - rritt�out charge.an annual acxounting ot the Funds,showin�aed'ds and debits to the Funds antl the purpose for which e3eh ���-°�
<br /> debft ta the Fwds was made. The Funds are pledged as stlrJtt�snal security for eil sums secured 6y the Security Instrument � _ •�--�
<br /> !f the Funds heid by lender exceed the amourrts permitted to be held by appiicabie Iaw.LenQer sha11 account to Borrower �`
<br /> for ths Pxcess Funds in accorGance wtth the requtrements a!appGcable law.If the emount oi the Funds held by Lender at any
<br /> time Is not sufficterrt to pay the Escrow Iiems when due. Letider may so notity Bortower in wrttJ►g.and, in such case Borrower �`��
<br /> shalf pay to tender the amouni necessary to maks up tAe dettdency. Bonmve►shail make up the defrciency in no more than �.;�-.-
<br /> twelve mon�y paymEnts.at L.enders sote discretton. `�
<br /> llpon �ryr.S�t in full of a7 sums secured by this Secudty Instrument Lender shaU promptly refund w Borrower any Funds �� -
<br /> r.:�.�=.r��-.
<br /> ` held by Lctrdec:. f3, under peragraDh 21• L��e► shail acquire or seU the l��f;eriy, Lender,prior to the acqutsiUon or sale ot the =�.�_
<br /> prepertp,�r,�i u�ty any Funds hdd by �arr:F�at the time of aaGutsiUa^..v sale as a credit agatnst�_sums secured by this . =�,,.,.,�-.
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<br /> • �riip�r.��':t ------
<br /> 3, 1.{p�'JG�tion of Payme�4s. ur:ress aPPUcabla �aw provides othenvise, aJl payments reae�sed by Lender under �,,,p�,
<br /> ` �r�.�aphs 1 end 2 shall be epplied first,to any pre'tzt.r.sr�^t.afiar{{as dus under the Note; second to eniounts paysf�!�under . _
<br /> . ���raph 2:third.to irrterest due;fourth,to F.'�c��i� �ct:ic�t.to any late charges due under the Nota
<br /> � 4. Chaf�ges; Idens. 8orrowcr shai��rag a: �u-� a�sessmente• charges, fines and imposittans atUibutabte to the
<br /> , prop�ty ril:Ich may attain pdotity over this 9acu:::y tr:strumenL, and leasahotd payments or grourtd re��any. Bartrnver shaD ----
<br /> pay tAese ob9gation� N the manner provtded in paragraph 2, or il not pafd tn that marmer.Bmm�wer�h�.9 pay them on time
<br /> Girectlyr to 4he person owed payment Bortower shall promptty tumish to Lender e0 noflcas of amourrts to be paid under this �'�
<br /> �, paragrayh. It Bonower makes th�e payments direcC�. BArrawer shall promstty fum3sh to l.ender recelpts evtdenung the --�
<br /> psymento. �
<br /> �'f Bortowcr shaJ promptly dischary�arry fien �vh6ch h��.e�urily over thts Secudry tns;.umsnt untess 8arra�ver. (a)agree:.In
<br />'. :�}� writing to th�[��rnent of the obflgaUan secure� by the fien in a manntt acceptab►e to Lender: (b)mk'.ests in good tatth the .
<br /> .�� lien by,or �eAm3s agalnst enforcemerd ot tflo fien In,tegaf proceadings whtch In Yne Lenders opL-iac operate to pre�rent the . .. . �•'
<br /> . �r entorcement o1 the lirn;or(c)sec�res trom th� holde�r at the lien an agreemerrt satis(aetory to Lend.vr subordlnaVng the Qen to � ;
<br /> . ;{ tt�s Seauiry(nstrumen�If Lender detecmtnes tfiat any�.°rt nt the Properiy is subject to��whiCh inay atfaln�dority over thls F_ ;-•
<br /> � • �. �urity IasUumenl, Lender may gtve Borrower a no5ce��."fasl;Eytng the Uen.BoROwer sh�ll'�lF�'y the Qen or trikke one ar rnore of
<br /> ' ��. .. tM3 asUons set fortb aDove wlthfn 10 days oi the givk�g cY:�snce. ' c
<br /> : .;bf: . • �' S.Fi�ud or Property Insuranae. Borrower shall keep the Improvements now extsCa3 r�7 lti�reafter erected on tha _,� : ` ,
<br /> �. �:?" Properry insured agalnst Ioss by fire. hazar6s Included vlithln the term '�ctended covetsge'anrJ ar�r�ifier hazards, tncluding G _
<br /> �;,.; ftaods or ftooding,for whieh Lender requfres tnsurance. Thls tnsurance sha11 be malntalned N 4t�e m^�urrts and tor the perlods
<br /> � tAat lende�r requlres. The Insurance carrier providing the insurance shall be chosen by Borro+xe.•subject to L.ender's epprovat � �:r�
<br /> � whieh sha11 not 6e unreasoeably withhetd. If Bortower ta7s to main�ain coverage described above. Lender may. at lender'o
<br /> optlon,ahtah�coverage to protect Lender's dghts In the Property in accordance wtth par.a.�seph 7.
<br /> •,.�� NI tn�urEnr,e polides and r�ewal� shs11 be acceptable to Lender and shsill lnclade a standerd mortgaga ctause. Lender
<br /> .,4. shaU have t9an�t{�ht to hold the policies and renewals. It lender requi;�s. 13oaower shall promptty gs�,�.to Lender aIt recetpts o1
<br /> S: paid prerr:u�s and renevral notices. In the event ot loss. Borrower shgt yae prompt notice to the�:.:eu.�zce cartler and Lendd. �=y'°
<br /> Lender rtwy make proot of loss if not made prort�ty by Borrower.
<br /> Unless Lender and Borrower atAerwlse agree in wri�n� insurance proceeds sha�be applled to restoraUon ar rc�ar ot the �._-•:
<br /> ..,;, . .GPapeAy dart�aged,N the restoraUon ot repsdt ts econorr.w�ily ceasibte and Lender's securfty ia rtot lessencd.It the rc�'JmaUon or
<br /> �-•�
<br /> ::j, repair is not econoMcaly feasibte or lee►d�s secuAty wx'x be lessened,the insuranco proceeds sh2;!tis applied to the sums
<br /> ��i�� secured by thls SecurHy fnstrument, whc�har�r not then due, with any excess Da}d to Bortovrer. �i Barrawer ebandons the
<br /> . . .� PropeAy, or does no1 answer wlthln 30 da��s��sctice bcm Lender that the Insurence cartter has oftered to settta a claim,then
<br /> 5 .I�ndsr may coEect tAe insurance preceeds. Ler.3v r,,�y, use the praceeds to repalr or rostore the Ptaperty or to pay oums __
<br /> �` 3e:ured by llil9 Securityr tnstrum°n�whether or not tf�n clue:• Tha 30-day period w�6e�hf when tha noUee(a given. �,�.�j;;`�
<br /> Unzss Lender and Bonov�er otheewise agree in w�il(nr�. any appltrattan o1 proceeda to princlpal shaD not extend or I�S01'��
<br /> pos�one the due d�ta of the monthty pa•��r.ts'���5 tu in paragraphs 1 and 2 or change the amount of the payments. 11
<br /> r under para�h 21 the PropeRy is acquirEd ti� Lettder. Bortower's rtgts3 to any insurance pofteies and proceeds resWtYig trom
<br /> �j dartsago to the Property prior to tha aequfs(tfan shal pass to Lender to tho extent ot the sums by thts Seeudry Insbument -,�__
<br /> t immediately pdor to the ecquislUon. -
<br /> � ' 6. Occupanay� Pees�rvation, Maintee�ance and Protectton of 8ho Property: Borrower's Luan �,;y�:
<br /> _ . Appllcation; 1.�838hO1d9. Bortower shall ocwpy.establlsh, an8 use the PropeRy as BoRawers principal resldenca within e_ �;•-.
<br /> sbdy Qays after the execWon o1 this Secudry Instrument and shal wntinue to oecupy the PrapeAy as Bortower's principal
<br /> �:�,.-,_
<br /> resldence tor at ieast one year after the date of nccupartey, untess Lender otherv+Ise ac,pees In vrriting. which cflnsent sha�not • _
<br /> Da unreasonabty withhetd,or unless extenuating circumstances exist which ere beyond Bortower's control. 8ortower shall nnl
<br /> destroy.damage or impair the PropeAy. aflow the Properry to deteriorate,ar commit waste on the Roperty.Borrower shaSl be in ��°'��- �
<br /> defaull H sny tortei�re aetlon or proceed'mg. whether ctvil or aiminal.Is begun that in Lenders good fafth judgmeM cautd resutl t � .
<br /> � In foAefture o1 ihe PropeRy or otherv�Ise materialt�l Impalr tAe Ilen created by thls Sewrity InsUument or Lenders securiry intetest. _ _
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