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<br /> . :,,.:.+,, , , TOGETNER WITH ell Iho Improvements now or heieaft�r wr�cle4 on tho propuily, und ull L`LSEfilC11I5, appwteuunc��. unQ �--
<br /> ' (octure;s now or hereattcr n part o1 lho propeAy. All replacements nnd odditlons�hall nlso do covered by thls SccurNy Insiniment. --
<br /> Ali of the tore9olnfl Is rofcrrod to In thi� Socurity Instrument es iho "Pronerty' r `.
<br /> E30RROWER COVENANTS Ihal Borrawcr is Inwlulfy scized ol Iho estiHO haeby cunvcycd rind hiis Ihc ughl lu qi,urt anr,
<br /> convey Ih�r Pioperly und thnl lhe Property is unencumbr.red, excepi for cneumbrancc:. ol reconl Upnuwrr wiur.int�, ,uul r,dl
<br /> dn,lanU 9encmlly Iho Ililo ta Ihe Property ugalnst nlf clalms and demands, sub�ecl lo ony cncwnbranc�s ol racoid
<br /> �, THIS SECURITY INSTflUMENT combines unllorm covenents lor nntionnl usu �uid narumlonn c:ovc�mnts wiih Imulci!
<br /> , vadations by jur::,dictlon to con:,U�ulo n uNform security instrumunl covcmn{� rc�d propcity
<br /> UNIFUFM GOVENANTS. Borrowcr nnd Lender covenant and Uyroo as lollow:,.
<br /> . :� 1. Puy�nent e�f PrOnclaal and Interest; Prepnymont and Late Charges. eotro�ve� •.n.,u p��mNUy u,�y wi,�•��
<br /> duo Iho pnr�cipal ol und interost on Ihe de�t awdenced by the Nolo.�nd any prepaymenl and Inte char�e; due undrr Ih�� Nu1e
<br /> ' 2. Fund� for Tar.o:� and In�U��tiCO. Sub�ect to applir.,�blc hw or In n vrntten w�rver by L�ndcr Darro;�c� :h,iu pa�
<br /> ,�,�,�,p�: to Lc�nder on Iho dny monthly payments aro dun under Qio Noto. until lho Notn is pa�d m hill, u sum ('Funds-1 lur ��q y�.,�iy
<br /> �'��` toxns end :�ssessmenls wi9lch may attaln pdority over Ihls Security Instrumenl ns a Ifen on the Property. (bl yemly luasehold
<br /> _ paymenis cr graund rents on Ihe PropeRy, II any; (c) yeady hazard or property Insurance premiums: (d) yeady Ilood msurance
<br /> premfums, if eny; (o) yearly mortgngo Insuranco premiums,il nny. nnd (t) uny sums pnynble by porrower to Lender m accordance
<br /> �•�: wilh tho provfsions o1 paragrnph B, In Ileu ol tho pnyment ol mortgage Insurance premiums. Those rterns are c;alled 'Escrow -
<br /> _ items." Len�er may, at nny time, collect nnd hold Funds m nn amount not to exceed the maximum amount +i lendei lor a -'
<br /> " � tederally retated mortgage loon may requirQ lor Borrower's escrow uccount undor the federul Real Estuta So111ement Procedums ��:-
<br /> • � �, Act of 1914 as amended Vom timo to timo, 12 U.S.C. �2601 et soq. ("RESPA'), uNess another law Ihat �pphes lo tho Funds -
<br /> , seis a lesser umount. II so. Lender may, at any timo, collect and ho!d Funds In nn amount nol to exceed Ihe lesser amount
<br /> Lender may estimato the amount ol Funds due on tho basls o1 cunent detu end reasonable estimates ot expenditures ol future
<br /> Escrow Ilem:or otherwlsn In uccordancu wfth npplicable luw. -
<br /> The Funds shull bo held in an mstitution�vhose deposits are Insurud by a federul agency, fnstrumentality,or enlily pncludmg
<br /> ,,r . Lender, ii Lender Is such nn fnstitution) or in any Federal Homo Loan Bnnic. Lender shall apply the Funds to pay the Escrow �
<br /> __;�,.•; Items. Lender mAy no!charge Borrower for hotding end apalying the Funds, annuolty enalyzing the escrow account, or veritying --
<br /> tho Escrow Ilema unless Lender pays Borrower Interest on the Funds and uppiicable luw pertntts Lender to maku such a —_
<br /> : - � ���•- chatge. Howeve�, Lender may requlre Borrower to pay a ono-time cfiargo tor an independent real estete tax reporting servlce
<br /> used by L�ndes In connectlon with this loan, unless applicabio law proviCes olherwlse. Untess an agreement is made or �. _
<br /> � ' ' • appticablo lav�requires interest to be pald, Lender shell noi bo required to pAy Bortower any Interost or eamings on tt�o Funds.
<br /> - Borcower a�d Lender may agree fn writing, howover. that Interest shall bo pnld on the Funds. Lender shali give to Borrower, =-
<br /> ��.;_`i.•`•'.4� without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose tor which each
<br /> �;`� dehit to Ihe fureds was madu. The Funds aro pledged es additlonal sscurity for nll sums secured by lhe Secunty Instrument. —
<br /> �':�vl���;� It the Funds held 6y Lender exceed the amounts pertnftted to be held by applicable law. Lender shall account to Borrower
<br /> for the excess Funds In accordance with the requirements ot applic�.blo law. It tha amount ot lhe Funds held by Lender at any —
<br /> ��^�:r.• funo is not sufficlent to pay the Escrow Items when due. Lender may so notiiy Eiorrower in writing, and, in such case Bo�rower
<br /> _- ' �:+y';� shall pay to Lender thn amount necossary to make up the deficiency- Borrower shall make up lhe doficiency m no more than
<br /> -�°�.�'�'"• •� twelve monthy paymenis. at LEnder's sole discretion.
<br /> —._= tr,:�
<br />='�_ti` • Upon paymenl in lull ot all sums secured by thls Security Instrument, Lender shap {�rompty �efund to Borrower any Funds
<br /> -"`="',3''� .. held by Lender. If, under paragraph 21, Lender shall ecqulre or seli ihe Property, Lender,prlor to the acquisiliore or sale ot the
<br /> 4;�,� Yroperty,st�au appry any runas he�tl by Lentler at thq tlme ot acqwsldon or sale es a creult against the sums secured by this
<br /> -"'';�+;.�� Securiry Instmment.
<br /> �.y ..t
<br /> -:�^.,�;��}.;� 3. Appllcotion of Paymernits. Unless appflcnbla !aw provides othr.rwiso, all payments received by Lender under
<br /> _--_"_?�:;:_ parngraphs t and 2 shall be epplied: first, to any prepaymenl char�es due under the Noto: seconci,to amounts payable under
<br />— --—`"'.,;� pamgraph 2;Ihird,to fntcrest duo:}ourth,to pdncipal due;end last,to any late charges due undar the Note.
<br /> --�="= 4. CI"18�ge8; Liett9. Bortower shall pay ail texes, essossments, charges, flnes end impositions ettributnble to the
<br /> °'"� Propertyr which may atteln pdority over this Secur�ty Instrument, and leasehold payments or ground rents. if sany. Borrower shall �
<br /> =_- pay fhese o611gaUons N the manner provided in pamgraph 2, or if not pald in thut manner, 8ortower shall pay them on tlme
<br /> ___�_ directty to !he pe:son otivad payment. BoROwer �hall promptly fumish to Lender all notices of emounts to be pald under this
<br /> _.___= paragraph. II Borrower mnkas ihese payments direCtly, Borrower shall promptly fumish to Lender recelpts evidencing thv
<br /> --- --- Paymenis.
<br /> — �--� Bonower shall promptty discharge eny Ilen whlch has p�iodry over this Securiry Instrument unless Borrower. (a) egrees in
<br /> wriling to the paymenl 01 tho obflgatlon secured by the Ilen in a manner acceptablo to Lender; (b) cantests In good faith the
<br /> '-- lien by, or delends against enforcement of ihe Iien In, legal proceedings whlch fn the Lender's opinl�n operete to prevent ihe
<br /> entorcement of the Ilen;or (c) securea irom the holder o(the Ilen an agreement satisfactory to Lender subordinuting the Iisn ta
<br /> _ thls Secudty InsUument.M Lender detarmines that any pt�rt ot the Properry Is subJect to e flen which may attnin priodty over this
<br /> `_� Security Instrument, I.end[r►mey gMe Botrower n notico Identitying the Ilen. Bortower shali satisty t'�e Ilen nr teke one or more oi
<br /> - - .�°' the actions set foAh above wfthin t0 days ot the gYlny of notice.
<br /> � 5. HazareJ ar Property Insuranee. 6onower shall keep the Improvements now exlsting or hereafler erected on the
<br /> � Properly Insured agafnst lo�s by fire, hazards included within ihv term 'extended coverage" and any other hezards. Inoluding
<br /> _ ...=-= tloods or flooding,to�which Lender requlres Insurence. This insurance shell be maintained in the amounts und tor tho periads
<br /> - --"� that Lander requlres. The Insurance eartler providing the insurance shall be chosen by Borrower subject to Lender's approval
<br /> _'"� which shall not bo unreasonnbly withheld. It Bortower tafis to mainteln coverege described ebove. Lender may, at Lender's
<br /> --- optlon, obtatn coverage to protect Lender's dghts In tho Property in accordance with paragreph 7.
<br /> _ �,_ .� All hisuranco pallsles and renowals shull be accepteble to Lender and shall Include a standard mortgapo clause. Lender
<br /> =_ shull have tha Hght to hcld the poiictes and renawais. If Lender requires, 8ortower shall promptly givo to Lender nll receipts ot
<br /> __- pald premittms and rennNai noUces. In the event o}loss, Bortower shall give prompt notice to the ins��rance carNer and Lender.
<br /> --" "-�'�� Lendc-r may make prool of loss ii not mado promptly by Borrower.
<br /> --_�;� : Unless lender and Bortowet othenvlse egree in wdting. insurance proceeds shall be applied to restoration or repafr ot the
<br /> =:a��=..� , Propertyr damaged,fi the restoratlon or repair Is ecanomlcaily teasiblo and Lender's cecudty is not lessened. II the restoration or
<br /> -��": ,�`-�,s ; repalr Is not economically teasible or Lender's socurtry would be lessened, the fnsurance proceeds shall be appiled to the sums
<br /> __.-_- �^= — secu�ed by Ihls 3ecurity Instn�ment, whether or nat then due, with any excess pald to Bortower. If Borrower nbandons the —
<br /> :,��:��;�'��. Propertyr,or does not nnswer within 30 days a notico trom Lender that the Insurnnce eartier has oitered to settle a claim, then —
<br /> _`�:��,':G,. - Lender mny coliect the Insumnce proaeeds. Lender mr+y use tho proceeds to repalr or restore the Property or to pay sums
<br /> -`+,�° f..` secured by ihls Securfty Instrument,whether or not then due. The 30•day perlod will bogin when the notice is gfven. --
<br /> �,' '� y Y Unless Lender and Borrower othenvise e ree in writin an n ucatlon oi roceeds to rincl al shall not extend or
<br /> -:s'u=5::'��� 9 9• Y PP� P P P --
<br /> -''.5"�'#�±� � postpone the duo date of the monthly payments refeRed to in paragraphs 1 and 2 or change ihe amount ol tha payments. If -�-
<br /> �'-''..'„``*'4' �r�
<br /> : • • - , under paragreph 21 the Property Is ncqufred by Lender. Borrower's dflht to any insuranco policles and pmceeds resulting from `-�•-
<br /> { '� "-` dnmago to the Properry prlor to the ecquisiUon shell pass to Lender to the e�dent of the sums by this Security Instrument � '-
<br /> ;�,t . Inunediatcly prior to tho ecquisition. � _-_
<br /> = - -.� 6. OccunanGV. Presen+a2Eon. Maintenanca and Prt�tortlnn �t tho a..�.�o.n.• a.,......,e.�.. �...... �_`��
<br /> 3��;:--`��- A lication; ------ -- •-�-••,• - _
<br /> �-;�. pp �Leasehoids. Bomower sholl ocr.upy, establish, and use the Property as Bortower's princfpal residence within
<br /> --••�x sixly days a(ler the executfon ot this Security Instrument and shall continue to occupy the Propeity t�s Borrower's principal
<br /> ' residence tor et least one year aiter the date of occupancy, unless Lender othenvlse agrees in wriUng, which consent shall not �
<br /> bo unreasonably withheld, or untess extenuating citcumstances exist which are beyond BoROwer's control. borcower shall not
<br /> , destroy,darnage or Impalr the Property, nllow tho Property to dete�lorate, or commit waste on lhe Property. Borrower shall be in
<br /> - detault ii any lorteiture actfon or procaeding, whether civd or criminal. fs begun that in Lender's yood faith judqment could result
<br /> , ° ., In Iorteiture ol ihe Property or otherwiso matedally Impalr the Ilen cre2ted by this Security Insirument or Lender's security interest
<br /> �, . . ,�n�� �.,,�� �.�.�. . • �
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<br /> ��`•wY_'tit
<br /> 9679:
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