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<br /> • ' � r and all easements. appurtenances. and I
<br /> � TOQETHER WITH all the Improvements now or hereafter,erected on the p operty, ,
<br /> ; flxtures now or hereafter a pert ot the property.AII replacements and aPdilml,ons shali also be coveretl by thta Securtty Instrument. •:. �
<br /> i ' All of the foregoing is reterted to In thfs Securfty Instrument as the "Pro e :��
<br /> BORROWER COVENANTS that Borrower Ia lawfully solzed of the estate hereby conveyed and has the rlght to grant and � �
<br /> coirvey the Property end thet the Property Is unencumbered, except for encumbrances of rocord. Borrower warrants and wlll � � _
<br /> � •e
<br /> defend generally the ptle to th� Property age�nst all cleims and demands, subJecl la any encumbrences oi record. � R_
<br /> THIS SECURI'fY IN3TRUMENT combines unlform covonants lor natlonal uso and non•unllorm covenents with Ilmlted� _
<br /> vanatlons by Juriadictlon to constitute a unitorm security Ins�rument coverfnq real property. r 1 a�
<br /> UNIFORM COVENANTS. Bor►ower and Lender covenent and agree as follows: Whe�� �
<br /> 1. Payment of Principel and Intereat; Prepayment and Late Charges. Borrower shall promptly pay
<br /> due the princlpel of and interest on the debt evldenced by the Note and any prepayment end lete charges dua under the Note. (�
<br /> 2. Funds for Taxea and Inauranee. 3ubJect to appllcaWe law or to a written waiver by Lender. 8orrower sheil pey� _
<br /> tu Lender on ihe day monthly payments are due under the Note, until tho Notc Is pald in full, u su P(�inds') for� (a) yearly� �
<br /> texes and assessmenta whlch may attaln priorlly over thls SeCUrity Instrument as e Ilen on lhe Pro e (b) yearly leasehold I �
<br /> payments or ground rents on the Proporty,if any; (c) yearly hazard or propehy insurance prnmlums; (d) yeady flood Insurance
<br /> premlums. If eny; (e�yearly mortgage insurence premiums,II eny;and(� any sums payable by Borrower to I.ender In accordence `
<br /> wilh the provisions o1 paragraph 8. In Ileu of the payment of mortgage Insurance premlums. These Ilems are cailed 'Escrow ,��.�_
<br /> ' Items.' Lender may. at any time, collect end hold Funds In an amount not to exceed the maxlmum amount a lender for a � ;�,.
<br /> "�Yr3`:47._
<br /> tederally related martgage loan may require for Borrower's eacrow account under the federa� Real Estate Settlement Procedures . �-_`_�
<br /> Act of 1874 as emended from time to time,12 U.S.C.� 2601 et seq. ("RESPA"), unless another law that appNes to the Funds ;';=�-__��,
<br /> sets e leaser amount. If �o, Lender may,at any time, cdlect and hold Funda In an amount not to exceed the lesaer amount. ..���
<br /> Lender mey estimr�te the amount of Funds due on the besls of curtent dete and reasonable estimates of expenditures of future
<br /> ' Escrow Items or otherwisn in accordance with uppllcable law.
<br /> The Funds shall be held In an mstttutfon whose deposits are insured by a(ederal agency,instrumentailty.or entity (Inciuding
<br /> Lender, it Lender is such an Institutlon) or in any Federal Home Loan 8ank. Lender shell apply the funds to pay the Escrow v
<br /> Items. Lender may not charge Bortower for holding and applying the Funds, annualy analyzing the escrow account, or verilying
<br /> � the Escrow Items, unless Lender pays Borrower Interest on the Funds and appllcable law permtts Lender to make such a _
<br /> charge. However, Lender may requlre Borrowor to pay a one-time charfle for an Independent real estate tex reporting servlce
<br /> � used by Lender In cunnectlon wilh this ban, unless applicable law provides otherwlse. Unless an agreement ia made or
<br /> applicable Iaw requlres Interest to be pald,Lender shall not be requked to pay Bortower any Interest or eamings on the Funds. � :
<br /> Borrower and Londer may egree In wdting, however, that Interest shall bo peld on the Funds. Lender shall givo to Borrower.
<br /> without charge,an annuel accounting of the Funds, showing cradNs and debRs to the Funds and the purpose for whlch each .
<br /> debit to the Funds was made. The Funds are pledged as additlonel secudty iw all sums secured by the Secudty Instniment. . ,
<br /> If the funds held by Lender exceed the amounts pertnitted to be held by applicable law, Lender shall account to Bonower
<br /> � lor the excesa Funds m accordance with ihe requlrements oi eppllcable law. If the amount of the Funds held by Lender at any
<br /> time Is not sulficient to pey the Escrow Items when due,Lender may so notNy Bortower In wrlting,and, In such ces�Borrower -,�.
<br /> shall pay to Lender the amount necessary to make up the de0ciency. Borrower shall make up the deficfency In no more than
<br /> twelve monthly payments,at Lender's sole dlscretlon. ""`-.�
<br /> Upon payment m full of all sums secured by this Security Inslrument, Lender shall promptly retund to Brrrower any Funds :���
<br /> held by Lender. It,under paragraph 21, Lender shall acqulre or seY the Properly, Lender, prlor to the aoqulaftlon or sale of the �•�rvi,:
<br /> Prapesh;, shs!!a¢F!y A^Y F��nds held by Lender at the tNne of acqulsitlon or sale as a credit agalnat the suma secured by this —_ - _
<br /> Security Instrument. `"� � �
<br /> 3. AppllCatlon of PayMents. Unless applfcable Isw provides otherwlae, all payments received by Lender under �;,.:;-. ��;�
<br /> peragraphs 7 end 2 shall be applled• flrst, to any prepayment charges due under the Note; second, to amounts payabie under �..-r- :•�
<br /> paragreph 2;third,to interest due:fourth,to pdncipal due;and last,to any late charges due under the Note. y,L;;•
<br /> 4. Cha�ges; Lians. Borrower shali pay al{ taxes, assessments, charges, flnes and Imposlllons att�ibutable to the
<br /> Property which may attaln prlorlty over thls Security Instrument, and Ieasehold payments or ground rents, if any. Borrower shail '�;�� �
<br /> pay these obNgatlons in the manner provided In paragreph 2, or q not peid In that manner, Bortower ahaA pay them on time •,,:i
<br /> directly to the person owed payment. Borrower shali promptly tumish tu Lender all notlaos ot am�unts to be peid under thls , ;
<br /> paragreph. If Bortower makes these peymerts dkectty. Borrower shaB promptly fumish to Lender receipts evidencing the T��r
<br /> payments. '
<br /> Bonower shaN prompUy discharge any Ilen which hes prlority over this Security Instrument unlesa Borrower: (a)agrees In :��.y+,lw.�
<br /> writing to the payment of the obAgation secured by the Ilen in a manner acceptable to Lender, (b) contests In good tafth the '`"�-'*� —.---
<br /> Iien by, or defends agalnst enforcement oi the Ilen In, legal proceedings whlch in tho Lender's opinlon operete to prevent the :�;�;1e�. —
<br /> entorcement of the Ilen: or(c) secures from the holder ot the lien an agreement setistactory to Lender subordlnating the flen to ,,.�y,;.
<br /> thls Securiry Instrumont. If Lender determMies that any part of the Properry Is subJect to a Ilen whkh may attaln priority over th�s z�� --
<br /> Security InstrumenL Lender may give Borrower a notice Identifying the Ilen. Borrower shall satisfy thcr Uen or take one ar more of =-„_��`
<br /> the actlons set forth above withln 10 days ot iho giving oi notice. _, __
<br /> 5. HaZard or Property Ineur8nc8. Borrower shell keep the improvoments now exispng or hereafter erected on the ,_;'�� �
<br /> Property insured agalnst loss by fire, hazards Included wlthin the term 'extended coverage' and any other hazurds, Including .��?•,.�•
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<br /> Iloods or flooding,tor which Lender requires insurance. This Insurence shel be malntained In the amounts and for the perlods •. ,:,,;,��.r
<br /> that Lender requlres. The insurance carder provlding the Insurance shall be chosen by Bortower subJect to Lender's approval . �,-,_�-�--:_�_�_
<br /> � vihlch shall not be unreasonably withheld. If Borrower talls to ma(ntaln coveraga described ebove, Lender may, at Lender's _. �
<br /> option, obtaln coverage to pratect Lenders rlghts In the Property In accordance wlth paragraph 7. `��'r:r;:��+��
<br /> � All Insurence pollGes and renewais shaU be acceptable to Lender and shall ktclude a stenda�d mortgage clause. Lender �.,:F`-�,�.
<br /> shell have the right lo hold the pollcles and renewals. If Lender requlres, Borrower shall promplly glve to Lender alI recelpts of " �
<br /> pald premlums and renewal notices. In the event of Ioss, Borrower sheN glvr,prompt notice to the Insurance cartler and Lender. ,
<br /> Lender may make proot of loss ff not made promptly by Borrower.
<br /> Unless Lender and Borrower otherv+ise ngree in wdting. insurance proceeds shall be applied to reatoratlon or repair of the
<br />- Property dameged,H the restoratlon or repalr Is economicaily foasWle and Lender's securiry Is not lessened. If the restoretion or
<br /> repafr Is not economically feasible or Lender's security would be lessenad, the Insurance proceeds shall be applled to the sums
<br />_ ,I secured by thts Security Instrument, whelher or not thon due, w�h any excess pald to Borrower. If Bortower abandons the
<br /> , Property, or does not a�swer wlthin 30 days u notice hom Lender that tho Insurance carrier has oftered to settle a claim, then
<br /> ' l rn�1n� m�Y rnllrrt iFir ir'ur.�n��• ��mrr���h 1�.n���•i m.ry •r.�: We Nio..cu.l:. W icN..:u w �c:,W�c l:lc I'luptl�ly u� W pdy �Un�s
<br /> secured by this Security Instrument,whether or not then due. The 30-day pedod wlll begin when the notice is given. I
<br />- Unless Lender and Borrower othenvise agree In writing, nny eppllcatlon ol proceeds to principal shall not extend ur
<br /> postpone the due dete of the monthly payments referred to In paragraphs 1 and 2 or change ihe amount of the payments. If •
<br /> under peragraph 21 the Property is acquked by Lender, Bortower's riflht to eny Insurence policfes and proceeds resulting from ',
<br /> damage to ihe Property prior to the acqufsitlon shall pass to Lender to ihe exlent ot the sums by thls Security Instrument ,
<br /> � immedietel rior lo the acquisitlon. '
<br />. ' 6. O cupancy, Presarvatinn, Malntenanco and Protection of the Property; 8orrower's Loan ��
<br /> - _��__.�__. �........M..I.Id a.........�. �i�nll nrr��nv oclahlich antl�3@ ihC Pronerlv as Borcower's principal resldence within
<br /> ' „NN�waawn. ..voo............ .._.._.._. _
<br />= sixty days afler the executfon oi ihis Securily Instrument and shall continue to occupy ihe Property as Borrower's princlpal r
<br />' residence lor at least one year after the date oi occupancy, unless Lender otherwise agrees in writing, whlch consent shall not I
<br /> be unreasonably wdhheld.or unless extenualing ckcumslances exist which aro beyond Bottower's control. Borrower shall not I
<br />: deslroy. damage or impalr the Property.allow the Property to deleriorate, or commit waste on ihn Pruperty. Borrower shall be In I
<br />- default d any toNeiture action or proceeding. whether civil or crxnnal. �s begun that m Lender's yood farth�udgment could resull I
<br /> m luriedure ol the Nroperty or otherwise materially impafr the Fen created by ihfs Security Instrument or Lender's secunty interest. ,
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