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<br /> ' TQGETHER WITH aY tlw Nnprov�mwric now or hwwrir►a�clW on tA� propwty, snd sU eas�nonts. appuA�u+ncey, and c
<br /> Axtiva now or h�r�aftar a Wut ol th�propKty.AY��cwnwrio ��d ucWitions shaY also bs cov�r�d by Ihis S�cunty Inskum�nt
<br /> ,1ii nt Ih�forayo«lU LO fOIWTi1�10{(1 1h�i SiGYfi�l I(litN�7iI1t A:thv 'RapKty.• �
<br /> DOAROLti'ER COVENANTS llut Oa:o�� Is 4•.�?uyy s�+zW ot th• nWto hr.�by convsyed a�nd haa the nqh► to �rant �iid ..
<br /> convoy t�o Prupaty and ihat 1ho Prop�rty �a un�n:.umborod. r�c�t Iw «u:un+tuwiwa ot rw.ad 8aroww w�rrants and w:l � —
<br /> d�,tWid genw�lty the titl�Io ihs PropaAy aq�inaf W clauna�nd ci�n�uids. sub�aci tu�ny ancumbr+uicoa at rocord
<br /> THiS S�ClJRITV INSTiiUMENT combin�s undorm covwuuNa lar naUaw! use �nd nun•wulom� co�wwnts wdh Ynwtrni �
<br /> Y�r.aUons by Ju��c;icllw� lo wnutituto o wiilorm secunty Instrunwnt covoruig r�l property. �-
<br /> uNIFOAM CQVENANTS. 6orra•Ner und lendor cavwlanl�nd agrao�s follaws� � _
<br /> t. Pay+swn� of P►inclpa! and ►niar.st: Pta�saymon! a�t¢1 Laio Cttupal.Barrowe� shrU promPtry pay whon ` :
<br /> dua Iho inclpal ot wid i+iterost on tho ctobt avldwicod hy tha Nate and any prepayme�it Qnd I�te chuyes duQ under the Nole
<br /> 2. �und� for Tax�a and Insu��nc�.SubJoct to applic�ble law or to a writton waiver by Londe�. 8orrower slwl! pay � -
<br /> to lonctar on tho day monlhty paynwnls uQ dua unciar t�o Nota. unt�1 tha Note is paici in fuli. a sum ('Funds) for. (a) ye�iiy -�
<br /> W;es �nd Ascessments which may attain p�iry over thls Securiry Inskume�t as a lien ori the Property. (b) yearly teasahold
<br /> paymw►ts or growid ronts on the Property, if zny; (c)ywrry hazard or properiy inswance premiums: (d) yearly (bod 'uisuonce �
<br /> premiums.iE any: (e)yw�+mortgage Insuronce prerNums, if any: and (� any sums payabla 6y Bortowet to Lender i�accardance _
<br /> with the provlslons of puagraph 9, In lieu of lha payment ol mortgage Ins�nnce premlums These itenis �re called 'Escrow
<br /> Items' Lender :may, at any tlme. coNect and hotd Funds n an amo�nt r�c�i to wccaod the n�axinwm amount � lender lor a
<br /> ledwolly relate3 man�age loan may nquko tor Borrower's escrow acca�:nt .,naar •che fec:_r�! Real Estate SetUoment Rocedures
<br /> Aot ol 19T4 as arn2nqad kom Sine to time,12 U.S.C. §26C1 e� se�. k`iRES�'a'�, :,;�:ess 3r•otha law that applies to thQ Funds
<br /> se9s A �esa� a^x+u�f. 11 so, Lender may,ot any Ume, caltect a�d ha;a �ry+ras in an amount not ro exceed the lesser amou�t.
<br /> lendtr mav esiim.:te tho qmou�t ot Funds dua on the b�sts ot curtont daq and reasonable estinwtas ot expendiWres o)tuture
<br /> Ex.aow Items or otherwlse in accordance with appllcable{ow.
<br /> Tha funds shall ba hsid In an IntGtuUon whose daposlta are Insurad by a fedaral�yancy,instrum�ntality, or entity (inGudin9
<br /> Landw, H Lender :s such an InsUlutlon) or in any FederAl Home Loan Bank. Lender shall appy th� Funds to pay tho Escrow
<br /> Iterr�+. lendar rtwy not chup� Borrowlr tor holdiny and appyk�g th�Fu�ds, anrwdty snayzMip tha oscrow �ccaunt, or vrityMiy
<br /> tha Escrow Itwns, ut�lais L�nd�r payt BoROw�r k►tw�tt on th� Funds �nd �tppYcaWa Iaw p�mits L�nd�r to mak� wch •
<br /> charp�. Howw�r. L�nde rtny nquk�8ortow�r to pny n ot�tkrw chary� lor �n Ind�p�nd�ni nal �stat� lax npathy a�+vla
<br /> us�d by L�ndw In connoctlon wlth Ihl� ban. wd�a �ppNc�Wo 4w provlda othwvuis�. U�la� �n sprwrrw�t b mad� a
<br /> appYCabN I�w nquk�s lnt�nst to b�paid,l�nd�r sRaN not D�r�quk�d to pay 8ortoww any Int�rat ar�qa on th�Fundt
<br /> Bortow�r and L�ndK n►�y �qrN fn w�itki9. howw�r. tlu�t {ntr�sl shall b� pald o� th� Fundt. Lmd� shaY qIv to Borrow�r.
<br /> without cha►qo. an �nnwl �ccoununp ol th� Fw�dr. show+nq a�Wt� �r+d d�blta to tfa fundo w.�d tho purpos� ta whkh�ach
<br /> d�OM to Iha Funda was mad� TM Fund�an plody�d�s additlo�s�l s�curity ta W sums s�cur�d by th�S�uuity Inavumonl
<br /> II th�Fw�d� hMd by lu�du sxcaW 4h� �nwunl�p�rnwt�d fo b� hdd by�ppYcabl� 4tw. L�nt1w ahaN account la Barow�
<br /> lor IM �xc�t� Fund� In tcCOrdrnrw wlth Ih� rpuk�nHnta o1�ppYcablr law. It Ih� amount ol th� Fund�h�td by Lmder d suiy
<br /> Iwrw k no1 wfacl�nl to p�y th�Etcrow luma wh�n dw. L�nd�r may so nottty Borrow�r In wnWiy,rnd, in such caso Borrowe�
<br /> aha!paY to l�nd�►th��tnount n�ust�ryr to m�k� up lh• dNici�ncy. Bortow�r shaY mak�up lh�drbcf�ncy in no mor�than
<br /> twNr� mor►tNY WYn�^t�.�t L�ndu's�ol�disaMJon.
<br /> Upon paymM�t In tuY ol all suma srcur�d by thls S�curiyr Instrument. Lend�r shsl {xomptly rdund to Bortow�r a�y fu�da
<br /> h�ld by L�ndw. H,undw partty�ksh 21. L�nd�r shall�cquk�a soll the Prop�rly. Undw, prior Qo the acqulsitlo� a sal�ot th�
<br /> FhoMrty,s'rM appy v�y Funds h�ld by Undar at the time of acqulskion or sal�as a cndil aq�inat the swna sacuad by thls
<br /> S�quity Instrum�nt.
<br /> 3. I1�p11C�ltlOn of P�y1TlYltt�. Unbss applicAble law provides otherwise. aq paym«its recNvad by LmdK under
<br /> paroyn�phs t and 2 shaN be�ppY�d: firat, to my pr�payment ctwges due under the Note:secor:d, to urwunts payabk uncf�r
<br /> parapraph 2:third,to int�est due; tourth,to princlpa!due: and IssL to any kte charyes duo und�ths Note.
<br /> 4. Cltsr��s; U�tts. Borrowr :ha11 pay aN taxes, assasments. charges, fin�s �nd imposidona RtUibutabft to tM
<br /> Propaiy whkh may attain priority ov�thls S�auity tnalrumant.and basehold payments or grou�►d rants.H�ny. Bortowar sMJI
<br /> ' pily 111�i� oO11�LioRS irt ii�f nwx�er ptc��itieti it�wayiaj�it Z� w it i�iii � it ii�ii m'r�i�"w. vwi'v�i'w 'o=iwi jriij'u`�:n� v����'�o ... . - - -
<br /> din�iy to the parso� ow�d paymsnt. BoROw�r shall prompty tumish to Lende►aY noUcss ot amounta to b� pa{d undrr thls
<br /> WK+9RPh. H Bortowar m�ias thes� payments directty. Ba�owa shalt promptly fiunlsh to L�ndw nc�ipts evtdancins the
<br /> WYmsrtils.
<br /> Bortowa�sthaU promptty dkchargo �p 4Qn whicA hss p�iariiy ovor stia Security k►sVUment untess Bortower: (a) agrees In
<br /> writinp to the paym�nt o1 the oblisstbn ser..�t�ad by tM ba►In a mW►�er occeptabla to Lender, (b) contests in good failh the
<br /> tian by, or det�nds aq�inst e�torcanent of tAe ien in, legal proce�dinqs whiCh ln tht Lend�r's ophlon op�r�t�to prerrant the .
<br /> �ntacemant ot th�Wan; or(c? secures Tran tha hoWa d the lien an nyreernent satiskictory to Under wbordirwting ths Wen to
<br /> this S�curity tnsSrurtwnt If��n�dar detKmhes ttut any paat c�f the Property(s wbJed to a Ikn whkh may�ttain p�ioriry ovx thls
<br /> S�curiry InsOiarr�w�t.Lend�r rt�y ptvt Borrower�noUa identiyhy the lian.Borrowr shaY aatlsfy th�Y�n w tak�on�or more ot
<br /> th�wl�ons s�lorth above witAln 10 Gaya of the gNing of notke.
<br /> 5. Haxard or Prop�rty Iruunnc�.Bortower shaM keep the h�provanwits now sxlstY�y w hwatt�►sractad on th. .
<br /> Propxty hsured agalnst loss by fr�.ha�irdc Inrlud�d withln the tertn 'ext�r►dad wver�' �nd any other hu.uds, indudiny
<br /> IiooCs or AoodinQ.tor whlch Lander rpulns instuancQ. Thls insurance ahall ba mahtalned In th�amounts and tor tha peNods
<br /> tnat Londer roqukes. The insurar►ce cartb► proviCing tha insu�ncx shaY be chos�rf by Bortowa subjeci to Lendr's approval
<br /> whkh shaM not be uruMSOnably wilhh�id. H Bortower fwils to mnw►tatn cowrag� d�scribed abovt, Lender may, ai�.�ndar's
<br /> onUon, obWn�av�ray�ta prot�q Lendw's riyhts h th�Ptopaty in aocordance with pangrapl►7.
<br /> All insc�rance policioe .nd ronew�ls shall be acc�ptabte to Lender and shaN Include a standard moRyaqe Gause. Lender
<br /> shaY hav�t!��iyht to had tha pollcUs and renawals. It LQnder raqulres,Borrower shail prompUy yive to Lander aU�eceipts ot
<br /> pafd premiums and ran�wat notlas. In ths went ot bss Barrowa shaU¢ye prompt notic�to the hsurance cartiar a�d Undc►.
<br /> Lendx may m�ice proof of(oss i1 not made promptly by Bcxncwer.
<br /> Unloss Lender and Borrower othwwka agwe in writing,insurnnce proceeds shall be app'�ied to restoraUon or repair of Uw
<br /> f'rope�ty dz�naqad,N the restwatlon or repair is�conomically taasible and Lender's sacurity Is not lessened. If the res:ara�an cr
<br /> rep�Ir is not economkaYy t�asibN or lend�r's sacurity would ba less�ned,the Insuronce proceeds shaY be appGad to the sums
<br /> secured by thls S�curiry tnsVurrw�t, whMher or not then due, wRh any exeess pald to Borrowa. If Borrowar abar►dons the
<br /> P►op�rty, or do�c not answx w8hin 30 days a notic�trom Lender that tha insuranca cartiw F►as oif�red to s�tUe a claim. thon
<br /> Lender may collsct the inwrana procs�ds. Lender may us� th� procwds to rapalr or raston the PropeRy or to pay sums
<br /> seaxed by thls Securily InsWm�nt, wh�tha w not thm due. The 30-day period will bspk�wh�n ths noUce Is giv�n.
<br /> Un�acs Lender and Barrowar otharw�sa o9rae In wrii�p, any ap�catian af pracaods to prineipal s!u!f noi oxie:tid or -
<br /> pos�on�the due date af ths monthy payrt�anta raferr�d to 6� pua�aphs 1 and 'L or chanpe th��mount of th�paymants. N
<br /> undu p�raynph 21 tt►�Prop�ty is acqtArW by Undr. Bortower's Hyht W any Insutanc�poNci�s and proca�ds rowMk�g trom
<br /> danu9� to ths PropKty prbr to th�acquisiUon shaY psss to Lmdx to the �G�nt of th� sums by this S�curiry tnstrumant
<br /> irmrdtatNy prtor to tha acqutsiNon.
<br /> 6. Occupsncy, Pns�rvatlon, Matntenancs a�d Protectlon of tho Proparty; Bwrowar's Loan
<br /> Apptication; L.e�hOldt Bortow�t shaN occupy, sstabllsh,and uc�tha Wop�rty as Bor►ower's princlpal rssJdence withln
<br /> stxty days aRer the �xacution of thlt Sscurity InsVument and shall conUnue to occupy tM Property os BoROwer's prhdpal
<br /> resldenco tor at tanst ona yaar after the date of occupancy, unless Lender othawise agrees tn wridng,whlch consent shaY not
<br /> be wraasonably withheld, or untess extonwUng circumstances exkt whieh are beyond Bortower's corilroL BoROwer shall not ,
<br /> desUOy,damage or impalr tlw Property, allow tha Property to detariorato,a commit waste on the Property. Bortower shall be tn
<br /> �fwlt if any foAeitwe actia�or proceeding, whether civi or crirNnal, Is hegun that in Lender's good taith Judgment could resuR
<br />- in iwfQiWte o7 Uw Proywty as o2herwise r.+starially impair tt�e Ien aeated trr tl�ts Security Instrument or Lender's security interest
<br />.:� ft3'6.LM0�3/98) ?aqr.2 ot 5 _���� �
<br /> 96157
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