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<br /> `�r .' ` ' • end a1! easements. aPPuRenances.8nd `' . - �`�.,� ,` ,• '
<br /> � TOCiEiH�i WtiH aU the impmvements now or hereafter erected on the propeAY. �i �,.= :
<br /> � ' ��t: {�res �ow or he�eafter a part of the property.AD relolacemems and add'ittons shan elso be covered by this Security Instrumerd. ` .
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<br /> � AD of the toregoing is referted tc in th(s SecuritY Instrumad as the 'Ptoperty.' - ,
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<br /> �-`�—`-- 80RROYY6i COYENAMTS thaf$a�avres is IawtuQY seized ot the es�e hereby conveyed and has the dght to grant and :�u _ _ - -
<br />_ ' ' ,;� `, corney ffie PrapeAy and tha! the PropeAy ts un�wmb�d.ex�eDt for eaamDtaaces oi record. Bonow�wanants and witl `: `.: _
<br />. detend gene�atiy the titte to tP�e Property agatnst aD r1stms and demm�ds.snbject to any encurtibrances of record. `�
<br /> ' • • � THtS SECURiTY IN97RUMENT eombines uniterm cavenanta tor natIonel use and non-unitortn cavenants witb L�nited� . ;:, °;.�.,�` .
<br /> � � " ` varfatians by J+uls�c@on to constiNte a uNfortn secvrity instrumw+t cov�tn9 real ProP�Y- . •
<br /> �` UNifORiN COVENANTS. Bortowec and Lender covenaM end egree as taQows: I �
<br /> ' �`� � 1.P a y ma� o f P r i a e c i p a l a nd[r�4eres� Pre payment and Late Charges.sorrower shaU promp•,y Rav wne� � .� �,�� ,
<br /> '` � due the pdndpal ot and trrterest on ffie debt evldenced by the Nate and arry prepaym e n t a n d t a t e c h az g e s d u e u n d e r the Nota .'; . .
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<br /> �. Funds tor Texes attd Insute1qCe.3uDJect to app11cab1e taw or to a wrRten wahrer by l.ettder.Borrower shaU pay � �.'� ;` -.
<br /> . m Lender an Itie day montAty Paymer►ts ere due under the IVate,until the Note is patd in tuU. a sum (`funds')tor. {a1 yearry ;�. - ,�r.h ' `
<br /> � -���r-^ , taxes and assessments which may attain prtority oYer this 3ecurity Instrumc�nt as a 4en on the PropertY• lb) YearN teasehoid � � . .• ,.� ,•
<br /> ' ``'� H any. (e)Yearh►hazard or property insurance premiums: �d)Y�Y ftood insurance � ; �, ,. n.
<br /> . c,.. �' payments or ground�rrts on the Properiy. �e b go�Wer to Lender in accordance �
<br /> :�.� premfums.ff ffi►y.(e)YearlY mortgaSe tnsurance prem#�S.�any: and(f�enY sums P� Y - —_-_. .
<br /> . with the prwisions of paragraph 8.in lieu of the payment of mo�tgage insurance premiums. These items sre calted 'Escxow �^':
<br />- • Items.' Lender may.at any Ume. ceUect and hotd Funds N an amourtt not to exceed the ma�dmum amou�rt a te�der far a � �.�F:',
<br /> - � � � tederatty related mortgage toan tney require tor Borrowa's esaow accourtt under the tederal Rea!Estate Settteme.nt Rrocedures � -✓1
<br />` � ;• Ad ot 15I4 es am�ded fram Ume to time.12 US.C.�2601 et seq. ('RESPA'). un[ess ancther iaw that app�es m the Funds �y��.--
<br /> , . . . sets a Iesser amoutti lf so. Lender may,at arry Hme,ooQect and hold Funds in an amaurrt nof to exceed ttra tess� amourrt. : -
<br />. . � Lender may esBmate the amauert ot Funds due on the basis of cucrent data and reasonabte esUmates of expendidres of fubrre .A. ��: _-,.
<br /> - . ' Esoow items or otherwise in accordance wiih ePPIIcabte�aw. � --° -
<br /> ' � , . _�', The funds sheD be hetd in an instiMion whose deposfts are insured by a tederal agency.irtstrumentafity ar entily(induding ., �
<br /> Lend�. H Lender is such en InsUtuUoo)ar in enY Federal Home Loan Bank Lender shall aPPN tha Funds to pay the Escrow ��:'.,-, -
<br />- Itetns.LenQer maY nat cfiarge Borrower tor holding snd apPIyN9 the Funds,annuatly enaly�9 the escrow eccount or veri[ymg � ` --—
<br /> • � '�� ` the Eecrow ftems, unless Lender pays Bor�ower irRerest an the Funds aad appficabfe taw permits lende* to make s�+ch a �` �' . -
<br /> - charge. However. Lender may recNtre Borrower to pay a oriefime charge far an independent real esffite 1ax rePoAtng service "
<br /> • �4 , used by Lender in conneeUon with this loan. unless appQcabte taw Provldes atherwfse. UnTess an a�eemeirt is made or ;�, �
<br /> . .. • . appQcabte Iaw requhas inte�est to be paid L�nder shall not be required to pay Borrower any fiterest or eamtngs on the Funds. �•: `:��::�r ..
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<br /> - Batrower and Lender may ayee in wt(tirt9. however, that Urterest shefl be peid on the Funds. trnder shaU give w Borrower. ��...�
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<br /> �..`f;� wfthaut charSe,an annuei accounUng of the Funds, showing cred'ds and debi4s to the Funds and the purpose tor which each ,.,,-: ,
<br /> � � � - - debk to ffie Ponds was mede. 7f►e Funds are pledged as addrttonal security for aD sums seated by the Serurdiy instruma►t :: _ __
<br />- � � � If the Funds held by Lendet exceed the amounts permitted to be held 6y appGcabie taw, Lender shaD account to Botrower ����:;--_
<br /> ' � tor the excess Funds in accordance with the requiremerts ot appQcable taw.H the amourrt of the Wnds held by Lender at any • .
<br /> . time(a not suffldent to pay the Esrrow Items when due, Lender may so noU(y Borrower rt�wrtdng,end� $u��ge Borrower _ _
<br /> . � shap pay to Lender the amouM necessary to malce up the de8deeey. Borrower shaU make up the de8dency in no more then ; °�.-.�__a-.--
<br />-, tv+tetve monthty paymertts.at I.ende�'s sole disaetlon. � � „�,,,,
<br /> � � Upon payment in tult of aA sums secured by this Securfty tnstrumert. Lertder shali promptly refund to 8arower any Funds - _ _
<br /> , - . held by Lender. H,under paragraph 21,Lender shall acqutre or se0 the Piroperly.Lender•Pdor to the acqulsNlon or sale W tfie - -
<br /> . propmty,shall appty any Funds held 6y Lender at the Ume of acqu(sitlon or sele as a credt against the sums seared by this _ �
<br /> � �a�Y��m� ts received by Lertde under � P----
<br /> , 3. A��IIC�QA Of �8}7�oi1t9. Untess app8cabte law provides otheryvise. e0 Payms� Ia nnder ,` � '. ` ---
<br /> � - _ _ oaragraphs 1 and 2 shaU be appUxd: ftrst.tu anY P�PaYment charges dua undet the[Vote;seeond, to amourtls payab -s
<br /> � , parnQ�aph 2:th�rd,to tnterest du�fouAh,to pdncipal due:and tast.to any iate charges ck+e uads:tha Nofe. :
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<br /> � � 4.PChargea; U8t19. Borrower shall pay aU texes. assessments. chaiges. fines and impasitlons atfibutable to the �,�;._-
<br /> � prope�qy which may atteln prtorily over this Security Instrument, and leasehold payments or ground rett3s,B any. Borrower shail .'._��
<br /> • �� � � � pay thesa oD1lgaUons in the manner proYtded in paragrapb& or ff not paid in that manner, Bortowet shall pay them on time .:� .R
<br /> dtceqry to the person owed paymen� 8arrower shatl prom���i s � �P� �m��o t�� ���idendng h+e '�"`'
<br /> ;. ., - - � - para�apri. H Barrawer•makes these paymerts direcUy P .. =.`�•==
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<br /> '� .. . Borrower sha0 promptly dlscherc3e anY lien whlch has pdorfty aver this Security tnshumerri unless 80��Sood faith the � � -:
<br /> � � �� writing to the payment of the obOgatton secured by the Iien fn a manner accepta6le ta Lender: (b� , . _
<br /> ;�„ , • lIen by, or detends against entarcement a!the Qen in, tegal praceedfigs whtch in the Lende�s opinion opeiste to preverA the -�
<br />- , .:� '� enforcemert of the Iten:ar te)secures from the hotder of the lien an agreement saUsfactory to Lender subord(nating the Uen to • „__�---
<br /> � this Secudty Inswment.If Lender Qetemdnes that any paA of the Property is subject to a Ilen which may attain pdority aver this '.�.��;;,,�;.T,__
<br /> ' � Sewtfty Instrument. Lende►may qive Bortawer a noUca identitytng the lien.BoROwer sha0 satisty the lien or taks ane or more af ,,��, �
<br /> .��, � . � � the acUons set torth above wtthin/0 days of the givfig of noUce. or hereafter erected on the _ --- -
<br /> S. Hazard or Property Insurance. BoROwer shaD keep the impravemerts now existing • . ; ,.,_
<br /> � ' propeRy insured agalnst loss by tue. hazards fnciuded within the tertn '�ctended coverage' and any other hazards.inc�udin9 , . �i=
<br /> � flaods or tlooding,for whieh Lender requUes fnsurance. This insurance shall be mainmined(n the amounts and ior the periatts „'.,.__---
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<br /> � � � that Lender requires. The insurance cartier providing the insurance shell be chosen by BoROwer subject to Lender's ap�roval �--��'
<br />- � which shal! not be unreasonabty wrihhefd. N Borrower faits to ma(ntah�coverage descnbed ebove,Lender may, at Lenders . � , -
<br /> � • opUon,obtehi coverage to protect Lender's rtghts in the Property in accordance wRh paragrapA 7. :�
<br /> • All insurance po�cies anC renewa�s shall be acceptable to Lender end shall Indude a standard mortgage c(ause. Lender ,. .
<br /> � shall have the dght to hotd the paRcies and renewats. N Lender requires,Borrower sha11 promptty gtve to Lender a11 receipts of , . .
<br /> �� pald premlums and renewal naUces. In the event o1 loss.8onower ahall give prompt noUce to ffie insurance c�rrler and Lender. . ,.�;
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<br /> � Lender may make praaf ot toss if not made prompU}r by Bortower.
<br /> ' � Unless Lender and Bortower othervvise agree in writing,insurance praceeds shall be applied to restaraUon or repaU ot the �
<br /> ' � � PropeRy damaged.H the restoraUon or repair Is economicaity teasible and Lender's security Is not lessened H the restoraUon or , .
<br /> �.�r��? • repair is no1 economically feasibie or Lender's secudty would be tessened,lhe insurance proceeds shali be applied to lhe sums ,
<br /> secured by thls Securriy Instn.�°nt, whetfier or not then due. wilh any excess paid to Borrower. If Bortower abandons the _
<br /> ' Propert}I, or does not answer wi'„r� 30 days a noUce irom Ler.der that the insuranee carrler has oftered to setUe a daim.then .
<br /> � ' Lender may eollect the insura.�ee proceeds. Lender may uss the proeeeds to repair or c�ore the Property or to pay :.ums
<br />_� secured by this Secudty Instrumer:t, whether or not then due. The 30-day pedod w10 begln�°en the noUce is given. .
<br /> � Uniess Lender and 8ortower otherwise agree in wdUng. any appfication o1 procee0s to pr(ndpaf shall not extend or �
<br /> . ' � postpone the due date of the monthy paymerts referced to in paragraphs 1 and 2 or change the emocr.t of the payments. If � ' �
<br /> under paragraDh 21 the Properry is acquired by Lender. Borrower's right to any insurance pollcies and proceeds resutting hom
<br /> ' � ' damage to the Properly pdor to the acquiskion shell pass to Lender to the �Rent o!the sums �y this Secudty Instrument
<br /> � ' immediatey pdor to the acqulsiUon. � •
<br /> � � � 6. Occupaacy, Preservation, Maintenance and Pratection of the Property; Borrower's L+oan � �
<br /> - , Applieation; Lea88itOtdS. Bortower she0 accupy. establisb, and use the PropeRy as Bortower's pdncipal residence within �
<br /> sixty days after the execuUon ot this Securiry InsWment end shall conUnue to occupy the Properly as Bortower's principal
<br /> - residence tor at teast one year aker the date ot occupancy. unless Lender otherwise agrees in writing.which consent sheil not
<br /> � ' � be unreasonabty wtthhetd.or untess extenuating cireumstances e�st whieh are beyond Borrower's control. 8ortower shali not •
<br /> destroy.damage or Impalr the PropeAy. altow the Property to deteriorete,or commit waste on the Properiy. Bortower shall be in .
<br /> � detautt N any torferture aetion or proceeding, whether c�rii or criminai, is begun that in Lender's good faith judgment eouid result .
<br /> ' in toAeiture ot the Property or otherwlse matedalry Impair the tien created by this Security Instrument or Lender's securiry interest. .
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