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<br /> TOt3ETHER 'NtTH a!I the improvements now on c�rcaYEi er�cted on the properry• and al! easements, apAuResiances. and �-,���r.-,-�,��.- ` � -�.:
<br /> • t � ,_- 'y�
<br /> � fudures no�r ar hereafter a paA o1 the property.N rep!acerean•s er�d eddiUans sha11 also be covered by this Seeurity Insbwnent - • _•
<br /> , All oi the foregaing is reterred to in this Security Instn:mflnt a:>th3 'Property' ` .�c,� • < �
<br /> • BORROWER COVENANTS that Borrower is Iativht�Iy seixed o! th� estate hereby conveyed and has the dgfil to grant and ':( ��.. -
<br /> convey the Fropert� anA that tAe Ptoperiy �s unencumtren=.d. ��ce(�t tor encumb►anrxs ot reeord. Bartotiver watrants and wiil ' .. t:•4',:-��• -
<br /> st all ctaims ar:d darran�.subject to any enambrances ot rseord. �•::-: • � .•.^ _
<br /> defend generaUy the LUe to the PmDeM 8£� , ,• �
<br /> °� THIS SECiJR17Y INSTRUMENT cosnb�nes uni[arm cuyenar•'s for naflonal use and non�un�tortn covenants with limited .,`� ,�
<br /> variation��y j�sdiction to consUtute a unitortn security�ns�"sTT'£nt�v�ng�prop�m. .r�•. : � - ,f_=_-• '
<br /> UNlFOAM COYENAMS 8ortower and LertCer covenana and a�ee as fol�ows. _ _ _ --_�
<br /> •} � �''
<br /> 1. Payment o!Prinaipaf and In8eres4: Propayncont and l.a4e Che rg�s�•'Be���a��^��he No2e n �-�--_
<br /> due the pnnapal oi and�nterest on the deCt evideneed Dy th� No•��e�`Y Q rePaYm�n W��by lender.Bortower shall paY ' '
<br /> ' 2. Eunds for Taxes and tnsuranee.su�;ec�co a��, _ _y�,;__
<br /> to Lender on !he day monthty payments are dua undar tne N4te. unUl the Note�s pa�d in fu0. a sum ('Fun b")eor ial�eho d --- �. - v
<br /> ` na o�er t��s SeasnQ Instrument as a lien on the PropeRy: ( � fl�insurance (� } 'L ��`' �
<br /> taxes and assessments which tnay attam P mY f -. .-- -_
<br /> -.�-- paymenis ar graus'.d rents on the Property. � eny: l�) Y�►FY h��or property insurance Premwms. (d) 1+ea�Y _ ` _�
<br /> mort e insuranee premium3. if any. and tfl�Y S� Pa1�3 bY S°�Wer to Lender m accordance �
<br /> � prertuums. d anY: (e1 Y��N �9 an� o'rrcri�Se msurance pra�mums. These rtems are caifxd 'Escrow 1 ��• ,
<br /> • wdh the provisions of paragraPfi B. in lisu of the paym ' ."'
<br /> items' Lender may. at anY 8me• �°��and hetd Functs m en amount not to excaed the ma�mnum asnourt a iender for a � u..y
<br /> ` }��ly retated moRgage loan may reQuire for Borrovrsr s esaa�� zccount ur.der the federal Hea� Estate Setlt�e L6 ��n� � . �,��..t
<br /> Act ot t974 as amended from time to time.12 U-S.C�.m��;a��hold Furtds in an amounthnot t exceed thE�e�er amount � .. .; ` - _ _
<br /> sets a Iesser arnaunt If so. Lender may.at any ,�;"'"'3 ,
<br /> � Lender may est��te the amouM ot Funds d ue on u:e b a s i s o' c v-z e n�d a t a and reasonable estimates of expenditures o��e � :.�.• .
<br /> Escrow Items or otherwise in accordance with apDtFs�te law. er entiiy(inctuding � T"'^^` t---
<br /> s
<br />� The Funds shall 6e held in an institu�on whose dcRcsrta ere insured by a tederal agen�/.�n�e F��to pay the Es�xow '.'__ ���::
<br /> Lender. if Lender is such an instiUltion) or in any Fed'-rGt H�� the FB ds, ann�ua►lY analY[a�9 he es�x°w accourrt.or verifyin9 ;�_-=-T ' _-
<br /> • Items. Lender may nat charge Borrower for holding and a�y 9 - `_"" _ ��"±�'�`'�`
<br /> the Esuuw items. unless Lendzr pays 8orrower intEtest a� tRa Funds and appLcable law Petmits Lertder tO �e service "'""�""�-
<br /> ' for an independent reaf est�e tax repo�ting — �cj,=...,�,.
<br /> ' charge. Mowaver. Lender may require Bortower to pay a oae-tirt�� cfiarg° �d.,�„ ,; .
<br /> � .•. used by Lendet in connedion wi[h this loan. unless ap���+6'� �v� pf°�d�Bort�any nn��a���°n�Funds. �._..
<br /> .'_ . �te�fe=
<br /> i � appGcahle law requires interest to be paid. Lender sfia11 not ba reqvired to pay �� _—`-� _,
<br /> � Bortower and Lender may agree in vrrtt+n9• however. tAat inVreat shall be patd on the Funds. Lertder sha11 gh:e to 6orrower. '
<br /> t�-
<br /> " �out�harge,an annual aaouriting of the Fun�, shpatng aed:�ts and detirts to the Fands end the purpose t'n��� ���s�� ��-.
<br /> ti i__
<br /> debit to ihe Funds was mada. The Funds are ple�Sad as ad`�Ucnal SB��Y fDf�a��gse�W red��y����{Haicc�ount to Borfower -
<br /> It M�Futtds held 6y le+�dE�ex�eed�e�o�n�'p`�`d to be hetd by app �T..
<br /> the excess Funds in accordance with the rEquiremert.s of app:icable law.it Bo���rt �g�d m �h aase 9ortower �� ��
<br /> tor �
<br /> time is not sufl'ident to pay tlsa Escrow Itema whea �e. Lend_t�Y S Borrowe► shaU malm up the d.r�'.c�'�cy[n ao �are than p_�'�:_:�� -
<br /> � shall pay to Lender the art�nt necessa�7► to matce up the d_ficiency
<br />_ tweMe monthty payrt!ents, at Lenders sole�saetian �R�� Bortowe►eny Funds
<br /> , �., Upon payme�fn tull oi all sums secured by thia Se.eudiy �nstr�ment• 4ender shall p�mPIIY --. : • :.
<br /> . held by Lender. If,under para�aPh 2�•L�ndet shall ac�Citt+o:sell the FrnpeRy. Le�det.pr�or to th��A=�sition or safe ot the L
<br /> �J ..• .••\.•S.
<br /> • pro erty,shail appty anY Funds held by Lender at t�e tittte of acquisittun ar sale as a cred�t a9ainst ts''.e sums seared by this i��;Y•j
<br /> • p ,'.•.°��,•,�:G:
<br /> • Securiry Instrument. ents receaed by Lender under . '.�f�,�;;;::.
<br /> 3, AppolcailOtl of Payment� Uniess app�icabfe law provides oiherwise. ail pa}m�
<br /> ,, p¢rugrapHs 1 and 2 shall be appGed: fust.to any prepaym.en'charges due under the Nut�second.to amounts psy"`ble under ;_�- „
<br /> �m a q r a p ry 2;t hird,to interest due:fourth,to prineipal Cue: and las�to anY�tE ch�S��ye under ihe Note. � .-_
<br /> , 4. Ch�itges; Ldens. Bortower sha� P3Y all ta�, ass�sme rts. ��4 ents or �oun d rents�it anY�Bor.ower shall
<br /> . Property whEch mall attatn Pderi[Y over th(s Secudty in3tru�ren., end leas�held paym .,•�;,�:+:,_
<br /> 's 2, or H not�^�d in 4hat manner. Borrower sha0 pay them on ti[ne ;.�:,;�,--
<br /> � pay these obGgaUnns in the manner provided� para5r�� �m�h to Lender att noUces of amou�rts to be paid..��der this �; , •'? ..�'
<br /> ' • - c�rectiy to ihe person owed paymer►i Borrower shaA p:ocr,G'�/ �`'
<br />� paragraph. If Borrov�er makes these pallmenki duec�l• BaxoNer sheil promptiq &rr� to Lender reeeiPts evfdenc�tg tbe '�, !P��j; ::.
<br /> Gsr�.;, ;
<br /> • payments. Instrument untc�9orro w e r: (a)a g rees in �(r� ,;�+ �,,�,;.
<br /> • Borrower shall promptly discharge any fien whlch has prta'dY over this Seeurily i:r` ,, j ;�
<br /> caantests in gaod taith the ;,.lt,;•t�� �
<br /> �t�i s��
<br />. , � writing to the payment of the f�er�tiem Q'�edten in,¢legal proce dngs whieh�he�Lertder's pirtion operate to prevent the �
<br /> • Uen by. or detends agafnst en � �±-..-�Y=-
<br /> enforcement of the lien: m(c)sewres froro ihe hcld2r oS U�3 lieti en 8cye¢ment saUsfadory to L�tder suboTdfnatln9 the Qen to J��`,��
<br /> thts Secudry Insuument if Lender de eeoirra ver a otice den'tifyM9�lhe fien.Borrow e sha i'saUsty the Imien or take one o r o ehol �_: �.�.,��.���.'�'•_
<br /> • Security msuumen�Lender may g1v _ -
<br /> the acttons sel foRn above wtthin 10 days ol Ihe giv��n8 07°�'Uee•
<br /> 5. Hazard or Property Insura�es. Bcaower shall keey the improvements now existing or hereaftzr erected on tAe
<br /> Properly insured egainst loss by fire. ha�rQ� inoiud�d ►y�lhin the term 'actended eoverage' end eny other 4�ezards. inclu�n9 �,___
<br /> floods-or ftaodu�g,tor vihich Lender requires insurnnce. Thts tnsurance sha0 be mainmined in the amourrts and tor the petiods _
<br />, • . that Lender requUes•un��� °w��ld. P Borcower fatsocmalntan co erage d�g'bed abovejeLender manYeat Lender's ��='""L --
<br /> w h t c h s h a 1 1 n o t b e �Y 1n a c c o r d a n c e w H h p ar a c g a p h Y. � ��- '��=^�-"
<br /> ' optlon,obtafi coverage to proted Lender'�dghta in t t�e P ro Pe M
<br /> • AII in�urance poGdes and renewals shell be aceepLaEte to lender and shall incfude a standardemo�Ri�a'gderce0 reeeip t `
<br /> � shall have tho right to hold the poUctes and reno�vslo• If Leoder requires.Boaower shall promptly 9N j'ste,_-
<br /> __._��+��.j-;�=%"_
<br /> � . paid premiums end renew2S noUces. In the event o0:ass.Borrower shall ghre prompt noUce to the insurance canier and Lender. ,
<br /> Lender may ma{;e proof ot Ioss N not made prcmptfy by B�no•Ner. �'
<br /> � lJnless Lender and Bortower otherv�lse agree m wNl:ng, insurance proceeds shs;i ae e?s not tessened.14 the rrestoratton or
<br /> •• Properry damaged.H the restoraUon or repair is econamically teasible and Lenders sc�.�ity ��''`
<br /> . repar is nci economlqily feasible or Lender's secudly v+ould hs lessened.the insu2nce proceeds shall be appiied to the sums _�,�,�=
<br /> � sewred is'l this Securcy Insirument, whether or not then due, w�th an�f p.xcess pald to Borrower. I1 Borrower aDandons the ��<<
<br /> PropeAy, or does not answer within 30 dnys a notiaa frr.m Lender thrjr�ttv Insurzr:c�carrier has oNered to selUe a clalm,thEn ��k.;:-
<br /> or to pay sums -TM'n-"-'-."..'
<br /> � �endet may coUecl the insurance proceeds. LenQat fnAy use the proceeds to rept�lr cr restore the Property ��,»• ; ' .,r,�r;;,:.;
<br /> �k'f i�'���rr
<br /> :Lwrad by this Secudiy Instrument.whether or not then du�. The 30-day period w1,t luu,�n when the�otice is given. �, ^ ,
<br /> Ucl�s Lender and Borrower otherv�lse aqrne hi viriting. any applicaUon of proceeds to pdncipaf sha9 not extend or J �.��`,.:
<br /> hs 1 end 2 ar change th9 amount of the payments• 0 __
<br /> • ��' ;yt postpu,e ti�,�z due date o1 the monthtf �eymenta reterrsd to in paragreP -
<br /> ��;���� h 21 the Properiy is acr{u6ud by Lender, Bortowe�s right to any insurance po5cies nnr!proceeds resuiting from 1
<br /> -;h under pir.n�p
<br /> � . • damage to the Property pdor to the u�r.�.a�tid� shct�� P�g to Lender to the extent of the sums Ly this Security tnstrument _:_��
<br /> � immediatety pdor to the acqulsition. -`°"'�""�
<br /> BO►fOW07'9 �.08I1 �nN••-••:••"�:._,:•..
<br /> 6. Occupancy. Presorvati�n, Ill��intenaisce and P►otection oa the Properdy+ 4,�
<br /> . AppliCFltion; LeasehoidS. Borro�ver shaii occupy+, esiahl'�.h. and use the Properry as 8orrower's principal residence within �t�:.,�.
<br /> sody days after the execuUon of this �ecudty Inc+trument and shat �ontinue to occupy the Property as Bortower's prinapal � ;��.j'
<br /> residence for at least one year after�1��� date ot occupuncy. untes: 1_�a^der otherwise agrees in vrtiGng. which consent shaD not
<br />� ' be unreasonabiy wtthheld. or unie5s ex;anuaGng drevmstanees exist _�.�ich are beyond Bortower's conUol. Bonower shall not y
<br /> � destroy. damage or impair the PropeASl• aLow the Flvµ''nY to deteriorate,or eommit vraste on the PropeAy 8ortovrer shaii be in .. __
<br /> � � detauit if any torfeiture action or proceeding. w"athet dr,l or crimnal. is begun Ihat in Lenders good faith judgment could resul: y���,ti,.,,r,
<br /> p�.s•�Y:r�.;;...,
<br /> in toAeiture ot the Propeity or othenvse mnterif►(t�knp�tr the lien created by th�s Sewtity InsVument or Lender's security mteresl. ! � +'
<br />. , • ' ��,hr .
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