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<br /> � ` t� ' � wm-�ao me rovomertts now or he�eafter erecteC on the property. and all easements, apPurtenances. aed � '; , .
<br /> - - _ �` � TO(iE'TH�i b�P ' . s .
<br /> -.— -- �d�aes now or hereafter a Pert of the ProPeAY•�reDlacements and addiNons shatl atso be cove�ed by thts Security Instrument _ -�e:`.-
<br /> ` ..-� M of tA9 taragoing is wterred to m thts Seeurrtll instrument as the"PropertY"
<br /> :: � � ��<- BOAROYYER CO�ANTS that Bortower ts tawtuUy seixed of the estate herebY conveYed end has the�ght to gra�t end _ _ ;. .
<br /> convey the ProDerty and that the PrapeRY Is uneneumbared�exrsPf for encum6t8nCes of record. Bottower warrants and wiu .-
<br /> ' .•, t deiend generaRy lhe t�t►e to the ProPe�'!eSa�n�claims and demands.subjoct to any eneumbrances ot�ecord. ` ',
<br /> � F � THlS SECUNTY INS�AUMENT eombines unUorm eovenartts for nattonal use and non�undortn eovenants with �mited� ' . `- •,..
<br /> vartationa by judsdictlan to eonsti0ute a urtifom►seun�f► instrument cwering Ra1 DroPenY• � < `
<br /> UNIFORM COYED1pNTS. BoROwer and Lendat covenst�t rtdQ��d t�egCh�g�8ortower shaU promptry P8Y when � `' .�,.. ,`
<br /> � .. , 1. Payment ot Principal and I�txrest; Prepay � a�gnt 8nd��0�►�S��undet the Not9. � ; � . z � . �.
<br />; i;_ due the Erbctpffi of an01nt6rest on t�e debt evidenc�t Qy tAe HOte and anY P.P Y �}..� •:�`.'�<� �
<br /> �t • 2. Funda 4or Texes and Insuranee.Subject to appticabte law or to a written walver by LenQet.earrawer sn�u var Q
<br /> ' ' " to LenEer on tfle t�y monthy peycments are du9 under the NoUe. un n���� a�n on'Me Prope•rty:n(b) YearM `�easen°� � , � `
<br /> taxes snd essessmants which may atlatn Pdcr�Y over this Sec�or proD�11 insurance pramfums: (d)Ye�Y flood insurance � .
<br /> s - .� - - payments or ground rents on tha PraGerlY• Q any; fc)Yea�tlf ,-�_
<br /> , . - �- premmms.d enY(e) YeartY mortgaSo haurance premiums.d enY:and(fl enY sums payabie by Borrawer to Lend�in acxordence � _
<br /> � w3h the provlsions of paragraph 8. in fi�u ot the paymsnt of mortgags insurence P►emn�ms. These items are caited "Esc�°W
<br /> , Items.' Les►der maY�et arry time. �°�ect a►�d hoid Funds in an emount not to exceed the ma�mn�m amount a lender for a .
<br /> , `� t�da� rgtgtBd moRgage Ioan maY ��tar Borrowels esaow account under the fedarel Rea�Estate Sett�mer►!Procedures ., i
<br /> - • � ,? Act of t974 as amended from t�ne to ihne. 12 US.C.�2b8t et se9. (°��A'�. untess anather faw that ePAi�es to�e Funds . ' 1 -
<br /> � , ' �. sets a tasser emount If so,Lendsr may. at enY ttme�cot�ect and hotd Wnds in en amount noi to e�cceed the►esser emount
<br />.`.�� � Lender may est6naUa tha amo�snt oT Funds due on the basis o�current dafa end reasanabta estUnates a}expe^d�'�s°f��
<br /> <. E s crow Items ar otfserwise in accordance wnh aPplicable�aw. -
<br />"`_y � - The Funds sha(�be�etd in an t n s L t u t i an w h o 5 e d e p o s i t s a r a i n s u r e d b y a t e d e r a l a g e n C y.��8 Fu�ds�orpay the�Escrow • y�' ,
<br /> ' ' Lender. d LenQer is sucA 8n institution)or in any Federel Ho� Loen Bank. Lender shail aPP tt19 escrow aCCOUnt.or vefihl�9 `'�:��=
<br /> ' ` items.Lender may not chatge Borcower for hold�ng and apPty 9 the wnds, annuaty anaty�9 ,
<br /> � ` • the Escrow ltems, unless Lender PaYs Bortower inmrest on Me Funds anG aARG�bie law perm�Ts tsnder to make sucA e . •e ��.8�•-
<br /> `: . ( `.;�
<br /> , rc-� charga However. L.ender may requUe 8a�'ower to RaY e on�e char9e tar an fndependent reai esiate t�cm�ePi��a oe
<br /> ' used by Lender in conneetlo� with thts toan, unless apDi�cabt�i (3w provldes othervvise. Uniess an agree 4.:''`.'j.�
<br /> '. gpp�gp►e Iav,i requtreg�ntgtest W be pald,Lender sha0 not b9 requtred to pay 8ortawer any inmrest or eamin9s on the Funds.
<br /> t � Bortower and lender may agree tn writfng.however. that arterast shail be paid on the Fuads. Lender shall give to 8ortower. �r r�-
<br /> _':. .. _ t �a���� annuat accaunting pt the FunGs, showing cced'as and Qeb�s to the Funds and the purpose for which eacA _:__
<br /> .�z �� �� Qeb�t to the Funds was maQe- The Funds are pted9ed es edC�lonal security for alt sums secured by the Securdy�nsffumenL , :.;; -�
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<br /> 'f, � If the Funds held by Lender exceed the amounts permitted to be heid by app�cable taw+�ender shall account to Borrower
<br /> ;�: �
<br /> for the�rcess Funds in accordance with the requtremer►is of appOCabte taw•M the amount of the Funds held by LenCer at any ` r� •��z
<br /> tima ts not sul6cient to paY tAe Escrow ttems when due. Lender may so notHy 8orrower in wriUng,anG.in sucA case Borrower .��';�
<br /> ' shall pay to Lender the emount nec.essary to make uy the deflaiency. Borrower shall make up the dePaiency in no more than � .� .�-
<br /> .. . .. . t, -,:c`.
<br /> �• � ' twetve monMry payments,at Lenders soFa dLscreUon.
<br /> {°. ' ,. ,, , - Upen paymertit in ful!o!e1!sums secured by this SecurRy hiswment,Lender shall promptty reTund to 9arrower any Funds a.�,
<br /> held by Lender. it,undet pSrs9tE�ph 2�. Lender shatl acquire or sell the Property.Lender,prior to the acquLs�tan or sate of the - � _
<br /> .r�' Property,shaU epDh��Y Funas held by I.ender at the time af acquis�ion or sets as a cred�against the sums secured Dy this ` w =_
<br />,�,`� Secur�y Inswment. `-� ;-�,-='_
<br /> � 3. Appltca4ton O} Paj(it18Dt8. Untess aPDGcabte Iaw provides otherwls� ail payments recefired by Lender under =—
<br /> . . paragraphs 1 anA 2 sha0 be apP�eQ ��to anY P�eDaYment charges due undsr the Note;second,to aa�nounts paYebte undet �. �.�t.j�
<br /> � � paragraph 2;third. to interest due:fourth.to princtpal due;end last.to eny tate ahaBes due under the Note.
<br /> .;::� � 4. Charges� Uen�. eonower shall pay au taxes. essessments. charges. Nnes end trnPosidons attnbutabte to the �,'`�--,
<br /> ��t,. � property whtch ts�ay attatn priorfty over 4i-"s SecutitY Instrument, and IeaseholA Payments or ground rents.it any- BoROVrer shari �—
<br /> pay these ebfgations tn the manner provided in paragraPh 2, or it not patd(n that manner,8ortower shaD pay them on ttrne • _
<br /> ` dUecty to the person owed paymenG Borrower straU promptly furt►1sh tu Lender ail notkes of amounts to be patd under thls __
<br /> �•�; � para�aph. H Borrower makes these payments directlY. Borrower shall prompUy tumish to Lender ceceipts ev�dencing the . `�.`.__
<br /> � payments. . �_ 1�rF_
<br /> Bortower shail p►ompt►y discharge any Gen whtch has priorily over this Security Insbcument untess Borrower. (a)agrGes in . ,- ,�,_
<br /> � � � writfig to the payment of the obllgaUon secured by the Qen m a manner acceptable to Lender, (b)contests in good fanh the
<br /> . �; , � ,. tien by,o� detends against enbrcement ol the Iien in, tega1 proceedings wh�h in the Lenders opfiton operate to prevent the __
<br /> ' enforCement of the�en;or(c)secures from the holder ot the Ilen an agreement satisfactory to LenEer subordinar og th��en�� ;' •4
<br /> '•� this SeCUrity Instrument.lf Lender determines that any Oart oi the Property is subjeCt to a lien which may ettain p rtY -
<br /> S¢cur;ty Instrumer+t.l.ender may glw Barrowet a no U ce i den t i t y i n g t h e I l e n.B o R O w e r s h e l l s e t i s f y the I(en or take one or more ot � � ,;?�`=_=_
<br /> '��.�� �� . ' the acttons set forth above within 10 d�ys of the givm9 of notice. :-.-
<br /> 5. Hazard or Property Insurance.8ortower sfiall keep the improvements now existtng or hereafter erected on the •� ;-P
<br /> ti'-: Property insured against loss by flre, hamrds included wfthin the tertn"extended coverage" and any other hazards, inatudln9 . ;
<br /> � ` � floods or ftooding.tor whbh Lender requirea insurance. This insurance shali be maintalned in the amounts and tor the petlods :
<br /> that I.ender requires. Ttie insurance carrier providing the insurance shaii be chosen by Borrower subJect to Lender's approval
<br /> ' whbh ahall not be unreasonably wfthheW. B Borcower fafis to maintain coverage descrbed abova,LenQer may. at Lenders
<br /> � �� '„�. optlon,obtain coverege to protect lsndets rights in ihe PropeRy In BCCU�dEnCe wAh pet8gtflph 7• '.
<br /> • � All InsuranCe poRCles and renew8[s shail be acceptabte to Lendar and shall inClude a standar���nder all ecetpts ot '
<br /> - � � • shall have the right to hold the policfies and renewals. H Lender requUes.Borrower shall promptty g •
<br /> ' � � pa1C premiums and renewal nottcea In the svent olloss,Borrower shall gNe promp!not�e to the insurance carrier end�ender. ,
<br /> � Lender may make proof of loss if not made prompt�y by Bortower. `
<br /> Untess lender end 8ortower otherwise agree fi�writing, b�surence proceeds shall be epptied to restoretion ar repaU of the
<br /> : ,•1 Property damaged,N the restoratton or repaU Is economicaly teas�te and Lender's seCUrity Is not lessened.If tha restoratlon or •
<br /> repaU Is not economicalty feasibie or Lenders secufity would be lassened,the insurance D�oceeds shall be applled to the sums
<br /> � y securea by this Securtty InsWmea�R whether or not then due.with any excess paid to Bonower. If Borco�ver ebandons the .
<br /> . . , 1 Property. or does noi answer witnin 30 days a notiCe trom LsnQer that the insurance cartier has otfered to settie a ctaim,then ,
<br /> ( Lender may coltecl the tnsuranCO D�oaeeQs. Lender mey use the proceeds to repah or restore the Ptoperty or to pay suma
<br /> . 4� i
<br /> secured by this Secur�!y Inswment,w�ether or not ti�en Que. The 3aday perio0 w�11 begin when the notice 1s given.
<br /> Unless Lender and 8ortower othervvise agree ire writing, any eppllCation ot praceeds to prtncipal ShaU no! extend or .
<br /> � postpone the due date ol the monthly payments referred to in paragrephs 1 and 2 or change the amount o*the payments. It
<br /> � damag0aro�ehPropertyPpr oe to�thec acquisfionL sha/t�pass�t w enderhto the extentof the�s�ms by hiscS curiry InnsVam2m �
<br /> ' ' immedlately prlor to the acqulsition. �
<br /> � 6. Occupancy, Preseruation, Maintenance and Protection of the Property; Bo�ower's Loan . ,
<br /> � Application; Leasehold�. 6orrower shall occupy,establish, and use the Property as Bortowets principal residenee within
<br /> � sbRy days aftar the execution ol this Securicy InsWment and shall continue to occupy the Property as Bortowers prrt�cipal
<br /> residence for at least one year efler the date o1 occupanay, untess Lender otherwisa agrees U wriNng,which consent shall not
<br /> ; be unreasonably withheld, or unl95s extenuating Circumstflnces exist whiCh ere b9yond 8ortow9/s Control. Borrowor shetl not ,
<br /> �' destfoy, damage ot impair tne Ptoperty,ellow the PropeAy to Ceteriorete, Or cammit weste on the Property. BorrOwar Shall be in
<br /> '`,��' � ' in0 oAeitu e off he Property or otherwise Raterially impa i r t her l ien c e a t e d b y9histSec r i t y renstume t�or�LendePs secu�uinte estn : �
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