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<br /> � TO(iETHER WfTF► el� the improvements now or hereaftm erected on the propwry. and aU easements. appurtenunces, and _ �'h,-�l.�r �' ,�' .;'
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<br /> �. � fixWres now or hereafter a paR ot tAe property Atl reD�acemerYts and add�.icns shalt atsa be covered by tRis Secuniy�nstrument. � ` �Y . < <' .,
<br /> All oi the toregoing is reteaed to in thts Seturity Instru�ent as the'ProAerty' _ . • :-: �•--•.��F.r
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<br />°.;�u BORROWER CUUENANTS Utat Bortorver is lawfuliy seized af the e�tate hereby convcyed and has the hght to grant nnd `�..��,.,,,,;_,. _ _
<br /> convey the Prope�ty and that the Property is unencumDered. �ceAt tor ancumhtances ot reeord. 8artorrer wnnants an� w+t� � •�•- . -t�--;;`.` �;�
<br />' dafend gerteraLy the tll(o to the Property agaG�sY aU c�ims and demsnds,subjaet to any encumbrc�nnces o1 record. �<i .,;�;`_��ry c-�
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<br /> 'THl3 SECURiTY INSIRUPAENT camb[nes unAorm covenants Por nuUonal ase and ne��unilorm covenants w�th 6mited � �_
<br /> variations by juiisd�'�ion to canstitute a unitortn security instrument eovering reai propcsty. ` .,:,:� s«=��
<br /> • UNIFOAM COVEfSANTS- Borrower and Lend�r cavenant and agree as toltows: a ��n < < `.' .� '
<br /> t.Payrs�e�3 a4 P�incipa! aad lnteresY. Rrepaym�e�t ead l.at� Chaeges. eorrawer snan promPUy a y . _
<br /> due the principal 01 and tnterest on the debt evfdfneed by tho Note and any prepayment and lata charges due under the Noto. '.. ` .
<br /> 2. Fuods 4ar Ye�es and In�uraneo.Su4ject So applicable la►v or to a written wai�cer by Lender. 9ortower shs11 p�1y !� ' `.
<br /> to Lender on the day manthly payments are due under the Note. unti the Note Is pald in iuil. a sum ('Funds') lor (a) ycaAy • ,��.�� _�,•, ,,.
<br /> taxes end assessments which may attatn pdordy over tnis Securiiy �nswment as a I�en on the Properry. (b) yearty leasehold _ __, -_;
<br /> payments or ground rents on the Property.ii anY: Ic)yearty h�zartl ar properiy insurance prc-�ums: !� y�S+Rflfl��n��"� � -- �'_ --�
<br /> �s-
<br /> premiums. if anY: (e)YezKll moRgage msurance prem�ums.�t any:and(q any sums payable by BortoNe►to Lender�n accordance � �' _ _ _• i�_
<br /> with the provisians at�cuagrtiDh 8. in iiea o1 the payment ot moRgage msurance prem:ams These Rems are calted 'Esaow u•�.t ;• .; _;;�i,
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<br /> ' ttsms.• Lendar ma�r. at any lime, coltect and ha!d Funds in an cunount nat to exceed tt�e ma�dnium am�unl a lender tor a ,. �; :ti�� _ :,
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<br /> ,- f�de�atty,reiated martgngQ�oan may requ i re for Bo r r ow u's e s c ro w a c c o u n t u n d e r t h e t e d eral Real EstUte Settttment Proaedures �.Y:�c.���^ j,
<br /> Act of t974 as amendad from time to time, t2 U.S.C. �2oU1 et seq. �'RESPA'�, untess enother Itnv thnt appaes to the Funds .,
<br /> � sets a lesser amount. ii so. Lender may,at any time. w�lect and ho!d Funds m an amount not ta exceed tAe lesser amouat. °4:;�.:�ws�•,y
<br /> Lender may estimate the amount oi Funds due on the basis o1 current date and reasonable eshmstes oi e�enditures ot tuture ��,_ �� .a�,;z_
<br /> Escrow Items ar athenrrise in accordance with appGcahie law. , � -"
<br /> The Funds sha0 be heid in an institution whose deposits are insured 6y a federal agency. instrumeatality. or enMy Unctuding ,� � .
<br /> ` l.end,at,if Lenda is sach an iristitution) or in any Federal Flome Loan Bank Lender sfiail appiy the Funds to pay the Escrow y :•�-
<br />: � Items.Lender may not charqe Bartower for holding and apptyh�g the Funds.ennuaDyl anatydrt9 11ie escrow accautri,or verifytng _ - '`�" .�
<br /> tAe Espow ftama untess Lender pays Bortower interest on the Funds end appfieabte law pemiits Lende►to m91ce such a _ ���i _ -==
<br /> . charge. Hmvevar. Lender rr�ay require Borrower to pay a on�time charge tor an independent real estate tax reparrttnng servtce _ _-
<br /> used by Lender in connedton with tfiis loan. unless applica6te law provides othenvtse Unless an acgeement is made or � ._
<br />, . appiicable law�Qu(res urtErest to be pafd Lender shall not be required to pay Bortower eny interest or eamtngs an the Funds. ; �--i=�i:=_-._.
<br /> :.�.•` 8orrower and Len@er may agres in v+ritin9. howefer• ihat 9nterest shall be patd on the Funda Lender shsU gfire to Barrower,
<br /> vrithout chatge, an annual accounting ot the Funds, sfiowing credits end debits to the Ftmds and the puryose tar which eacl� r ;-�,- ,y.'°y�4'r`_
<br /> deb'st to tfie Futtds was made. The Funds ate pledged as add'itlonal setwrlty tor ali sums secuted by the Security Instrument �s���� ,
<br /> If the Funds hetd by Lender ezcr�� ii�a smaunts permitted tn be he{d by ap¢ficable 1'-�. tca�der sfiaA accounl to Bortower �`,: , ;_
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<br /> for the excess Funds in accord2cT°��•'r�,�e ce�irements of appRcable iaw_If the amount at�te Funds hdd by lender at eny :u���
<br /> time is not sufficient to pay the Escrow Items vihen due. Lender may so notidy Bortower(n wriUng,and,ia s.scb case Borrower • � .�: -
<br /> shait pay to Lectder the amount necessary to mace up the defidency. Bortnwer shall make up the deftaeticy in no more than ,:..
<br />'� �• 1 b�."
<br /> tweh�monthly paymelts.ut Lender s sole d�scxe6on. refund to Bortower any Funds {� � � ` �
<br /> ltpon paymerrt in tuti of all sums secured 6y this Securiry Instrumerrt. Lender shall pmrs�Uy
<br /> h�!d�by Lender. If,under paragraph 21. Lender shal{acquire or s�l the Property. Lender.Prior to the acquisNon or sate of the • y i:� �. -..
<br /> property, shail e�¢{rty any Funds he l d by Len dar at the tims of a c quisition ar sale as a credit agafnst Me sums secured by this _
<br /> Security lnshumeask �, --
<br /> ' 3, q��[j�p� of payments, uz� appiicatite law provides a'�awise. a0 PallmEnts received by Lender under . .
<br /> " p�-2agraphs 1 �,d Z-'all be appBed: fu�sl.to�� prepayment charges due u��zr the Note; second,to amounts payable under �.� '��
<br /> h 2:thircF.��-`_�rest� `aurth.to prmapal due: and IasK.to any late c�arges�:__unde�the Noie. ::i;.�';�..
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<br /> �i�. CheT�e� L'¢o^7S- �s:r�•�e► shall pay all taYes, essessments. charges. fur_;� �d tmpositions attributahie to•tha i,:
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<br /> � P.,�s:ny vrhich may attaln prfoti',.• cver this Securfry Instrumeot..and leasQhotd paymerts=rr�`aund rentz.it e�y. Borravrs:sNull • sy 3�^�'�'" o.,i,. ,.
<br /> „�., paY these ab4ga*'sns in the manner provfded m paragraph 2. or it not p�E�in that ma-'�rg�.�9orrovrer shaD pay them mn�rune � .�� ::,,..�---
<br /> direotty to ihe person owed payment 8orrower shall prompUy fumish to L�sder all noticas oi amaunts ta be paid under thls �;I.�,�.. ._-
<br /> paragcaph. 8 Borrowsr makes these payments �recUy. Borrower shall promptiy fumish to Let►der recelpts evidencing the . _,�•<
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<br /> p�-rnenta. , ,,�•�';
<br /> • Bomswer shail prompUy discharge any lien which has prtr.�-r aver this Security Instrur.'r:s�t unless Borrower. (a)a�as in ��' •'�ii�A
<br /> writing to the payment oi the ob�gaUon secured by the lien c�r r�manner aeceptabte to Lender, (b)contests in good imciCh the , .,��
<br /> '. lien by. or datends agalnst enforcement of the 8en in, tegaf proceed�ngs which in the Lender's opinion aperate to prevent tha ��
<br /> entorcemant of the Gen:or(c) secures irom the hoider ot the Iisn en acge�ern�t satlstactory to Lender Ft��;rdinat(ng the lien to .�,��,�-..
<br /> this Security Insirument N lender detertnUies th.�-t r��y part oi the Property!a�q,bjecl to a fien which ma��C�.n Driority over this - � t'.�.,.
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<br /> . � 3ecurriy tnt�hument,Lender mey 9ive BorroHe�r�rt��3ice identit�Mg the llen.Borrower shaD sA9sfy the fien.0�t�1ce one or mare o1 • • ''�, '.�'��;,:
<br /> tha acliono set tortfi atiove v�ithin t0 days ot thq�Frii�g of nr.rlr.e. �^' °''
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<br /> � 5. H�d or Property Insu�anc�. Bortower 15r1F t<eep the improvements rcr,o��xisUn9 or hereafter ereeted:�:r.:.the rr�' ,�:,�r,`:
<br /> ' '" " progerty inautesi egainst toss by fite. hamrds in,chsdeA wi1>!sc the term 'extended covetage' and any o2her hamcds. L^:rdl�+sing , E.. : ,� •
<br /> .. .�'•._
<br /> � 4ao6s a►flnoding,for which Lender requUes insurance. TAis insurance shatf be malntalned in the amounts end for the perinds � �_,_
<br /> �`� ��ai Lendar requires. The insurance cartfe► provi�sng the insurance shaD tre chosen by Borrower sub Ject to Lender's approval � � ,_
<br /> ��3si� sha0 not be unrEasonably withheld. It Bortower ffiils to maintain c�verags described ebove. Lender may, at Lender's �y�a�+n, �
<br /> c�zffr.n,obtaln eoverage to protect Lenders rights fn the Property in accordance witb paragrePh 7• . ,=_--��
<br /> � AU inEUrunce pollcles end renewals shall be acceptable to Lender and shall include a standard mortgage ciau:a ��+c�der -�
<br /> s1;aU huva the rtgbt to hold the po t i c t e s and renewtils. U Lender requires.R_artower shaU prompUy giue to Lender ail:•r��a(�ts o1 `+�_-,-«-$;'
<br /> paid premWmo sts�i renewal noUa:a In the event o1 loss. Bortower shall g1�u�,;rompl noUce to the insurance carrler en�iende�. a
<br /> • Lender m[ry rtwk�prool 01 loss il not made pccm,�tly by Bortower. z��
<br /> Untes�Lender and Borrower otherwlse a;t�e in vafUng, insurance proceeds sha0 be applied to restaration or repair of tha - �___
<br /> nt�nperty damaged,11 the reswreNon or repai►Is economicaly feasible and Lender's securi�r is aot Iessened 8 4he restoraUon or �_--_;-- -
<br /> ir�nhtr��oot economial.y feasWte or lender's securiry would Oe lessened.the insurance n�ceeds shail be applied to;ha sums ,�,�,A�z
<br /> � qr:r.utad 6y thts Security tnsUument. v+hether or not then due, with any excess paid tv 3ortower. It Bonower ab�^.3ons the _.�:_;;
<br /> P�a��v.�ty..or does not ensvier within 30 days e nst:oe trom Lender that the insurance cartter Aas oftered to seltt�a claim,then . i�a
<br /> Ler,dar mtty antln�ot the insumnce proceeds. L�ncla may use the proceEw� tn repaY or restore the!J+.':�erty or lo pay sums + . :41�u��t�`.
<br /> ' sc�red by tlis Security Instrument,whether w rtat then due. The 30-dsy Wa:ra9 wi9 beg?n when tfie notice is g�ven. :•:Z,i'=
<br /> Ifnlass Lender and Bortower otherw(se agree in wr(Ung. any app9lcattr.c� ot pra^.�a2s to pdncipal shaD not extend or _�
<br /> ,�:=
<br /> postpono the d�eo date ot the monthty payments reterted to tn paragraphs 1 aRd 2 or:lncirge the emount of the p�!,Tn.srAS. It . • � : __
<br /> - under p�ragreph 21 the Properry�s acqu'aed by Lender. Borrowers dgAt to a~��r•s-.u<r��e?o➢cies and proeeeds renxfd�g hom �'���*:_:•
<br /> � .� - � c .�••,
<br /> �;}t����,,,�' d�ga to tha Property pdor to the acquisRion shall pass to Lender to :hr extent o1 the sums by this Secudry l:�suument — _.�
<br /> immad�ta`f p�or to tha acquisiUon. �"�"""T .
<br /> '�`'��� ' 6. Occupancy. Preservation, lAair�tenance and Pratection of the P►operiy: Borrower's Loan ,_. .�:__. _
<br /> ' . Application; LeaSeholds.Bortower sAall oceupy. establ�sh, and uss the Property as Bortowers principal residence within
<br /> • sixry days after tAe execuUon of this Securiry InsVument and shall continue to occupy the Property as Bortowers principal �-�-��'.`��:;:-�•�;..
<br /> residenee fa a1 least one year after the date of occupancy. untess Lender otherwise agrees in writing.�Nhich eonsent shall not ?- � •. �: .. _
<br /> 6e unteasonabfy wrthheid. or untess extenuating circumstances exist which are beyond Bonowet's control 8ortovrer shall not ..;?��.dv.:7�S,,'�,�,;.:
<br /> destroy. damago or impait the Property.a7ow ihe Properiy to detenorate. or comm'st vraste on the Properiy. Borrower shaVl be in :,�;��;
<br /> ' rleYauri if eny todeRure action or proceed�ng, whether civi!or cnminal is begun that in Lender's good failh judgment could result :iec.�-���.-"�� --
<br /> ._?..�:a:.i'i' �.
<br /> • �n foAeiture ot the Propetry or othenvise materiaBy�mpau the lien created by this Security InsVUment or Lendeis secunry mterest. .
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