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<br /> ` . �� 1'OGE7H6i WITN aU ffie tmProvements no AO�eplacements�additlans shafl ais be eovered by this Seeur�Y tnstrument . `�
<br /> � exNtes naw or hereaftar a pert af the property '`` . :
<br /> . .' + All o}Me toreflotng Is referred to in this SeCUr3Y Instrument as Me"P mP m t Y•� f` ,� . .• •
<br /> . . , . � 'BORROWEH COVENANTS that 8ocrower is FawfuRy seizad Ot ths estate Aereby Comreyed and has the rtght to grant and . , , .
<br /> � convey the Property end that the PropeRy ts unencumbered. ezcept tor encumhrences ot rscord. Borrawer waaants an d w m -
<br /> , - _ � � dsfend gsnereUY the ttti�t�th0 ProPer►Y agafnst aU elaBms and demends.subject to any encumbrances of reCOrQ .. . . . .
<br /> THIS SEC11FU7Y INSiRUMENT combb�es unGOrm covenants fm naitanal use and norwndorm �ovenartts wdD Gm�ed
<br /> � variations by jurisdiction to constRute a un�ortn se�curiQy tnsttument covertng reaf propertY-
<br /> � UNIFpHM COVEMANiS. Bortower end Lender covenent an��a�e ChBf @8.Borrower sh80 prmnpUy Pey'Ntte� '
<br /> ,..� 1. PnymeM o!Prir�cipai end tnterest; Prepaym S r ` t `�
<br /> Que the rincipal of end Interest on the debt e+rtQenced by ths Note and any pwDaYme�t ertd tate cherges due under the Note.
<br /> 2. �unds tor Taxes artd Insuranee.SubjeCt to aRpGCebfa(aw or to a wrrtten w8iver by Lender,Borroxrer SheU pSY � a <
<br /> � -�`� to Lend�r an the day monthy payments are due undet the Nate,until the Note Cs patd In tu4 a sum('Funds')tor. {a)yearh � � ,
<br /> ' : , ,=` � texas and assessments which may atffiU� pdorny aver this SeeunlY tnsuu!nent es a fien on the Proparty; (by YearN leasehotd ;
<br /> • , � paymenis or gronnd rents on ths Property.d snY. (a) Yee�Y harard or propeAy rt�surance D�emvms: (d) Y?arh ttaod Ensurance
<br /> -- . - ; premiums. a enY:(e)Yeer1Y�sartga88�t�ua�pr�m$•B eny:flnd(�8ny sums pay8bi9 by Borrowar to Lsnder in eCCOrdenCe � —. -- .--- -
<br /> � '� wPtli the provistons of paragraph 8. tn 6eu o! Me payment ot maRgage insurance premh�ms. These ftems ar�c�ad '�s�w .� -
<br /> . . ��• ��d�t may�at any time. cpllect and hotd Funds tn an amount not to exceed the ma�mrnum amount a tender for a
<br /> . `� y federaUy related mortgape loan may re4utce for Bortowers escrow accourn under the tedera!Real Estate Se�rnent Procedures � .
<br /> Act of 1974 as am�ded trom t6ne to t6ne,12 US.C.�2601 et seq. ('RESPA"� unbss ertother iaw that eppEes to the Funds p
<br /> ,�'; sets a lesser amount If so.Lender may.at any Ume.coltect and hotd Wnds(n an amount not to�cceed the lesser an'taurn. � '
<br /> • . Lender rnay est�mate the amount o�Funds due on the basi� of current dala end reasonabte estimates of�cpertd�ces at fuwre :: r ' .
<br /> � IEscrow Items or offiervrlse in eccordance w3h appGCabte hsxr. ,` ,u
<br /> ` The Funds sAaO 60 heid in an instdutton whose depos�s sre msured by a federal agency.insCUmentafitY�or ent�yr(inch,dbng '� ��., ,,�;�r��.°�-r
<br /> Lende. � Leeder ts such an �stnuHon) or in any Federal Home Laen Bank. lsnder shaU apAly the Wnds to pay the Escmw __
<br /> . itsms.Lsnder may not charge Borrower tor hotding and apAlyfiB the Wnds.ennualtyy anaydng the esetov+►axount, or veritybi8 , �.—-
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<br /> - the Escrow Items. unless Lend�r pays Boaawer interast on the Funds and appGcabls taw permits lender to make such a , ,. — -
<br /> ' � charge. However. Lertd�maY re4�� 8orrower te Day a onatime cherge tor an fideDandent real esiate t� repoRing servke �" --
<br /> ' used by Lender in connection wdh thts ban, uniess appQcabie Iaw proviQes otherwise. Unt�ss an agreement is made or , , �,,,�
<br /> s ' gppQc�fB t3w requtres(nterest to 6e petd,Lertdsr shall not be requtred W AaY Boaawer any interest or eamings on the FunOs: " ;�=��---
<br /> Borrower end Lender may agres in wrfin9. however, tnat tnterest shaU be paid on Me Funds. Lender shaU give to Borrower. ' <.-,�;,�-,
<br /> without charge, an annua!accourrt6ig of the Funds,showing credds and debits to the Funds and the purpose tor whfct� each , ,:','��:-
<br />- � • debk to the Funds was made- 'Rie Funds are p�dged as add�ional security tor atl sums secured by the Securfiy i.istrumen� . '�:+��.,
<br /> - It the Wnds heid by Lender eocceed ihe smounts perm�ted to be held by app�iCabte taw, lsnder sha0 eccount W Borrower ____;���:.�_�._
<br /> for the excess Funds m accordance with the rdquirements of appucable taw.If the amount of Me Funds heid by Lender at eny ,. ,.�-.,�__-..
<br /> �� tlme is not sutt�lent to pay the Escrow Items when due.tBnder maY so noi�y Borrower tn wrning,and. in such cese Bormwer ,';�-. ::?�:�
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<br /> sAaU pay to Lender the amaunt necessary to make up the deftciency. Borrower shail make up the deftclency in no more than r:. ,�
<br /> ' • twetue monlhN payments.at Lendets sote discceUon. � �� �`-�
<br />� � tfpon payment in fuU of a0 sums secured by thts SecufitY Insbument.Lender shall prorr�Uy retund to Borrower aaY Eunds -��;.`�'-��
<br /> hetd by Lender. If,und�r paragraph 21.Lender sAaA acqulre or se0 the Property.Lende,prior to the acquisftion or saie ot the . - `''���
<br /> ' �� Property, sfiatl appty anY PonQs heta by Ler►der et the t6ne of acquts�ian or sata as e Cred�8gainst the sums secured by th(s : , �°• +—'
<br /> � ' SecurftY Instrument '.�� . . a� 7;.R'.'`�
<br /> ` • � •_ 3. G1�piicetlon ot Payments. un�ess e�ar�an�e raw oro�r►des otherwise, ail payments receNed b Lertder under � �'.� �
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<br /> paragraphs 1 and 2 sha0 be appAerk first,to any prepayment cherges du9 under the Note;secartd,to amounta payabte under -.�.Y.,_
<br /> • .� paragrapA Z thirA.to N4erest due;fourtt►,to prtncipal due;and last,to any Iate charges Que undet the Note. ;;`�� ,:�,��},�,',;
<br /> ' ` 4. Cha�'ges; Uena sorrower shau pay an te�ces, assessments, charges, t�es and unAos�lons attrmutabte to me ��� -
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<br /> Property whbA may atfeln pAor�Y over this Security Instrument,and leasehotd payrs�rts or gcound rents. if any. Borrower sha0 �;
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<br /> - .. ' pay these obi�SUans in tt�e manner provided in paragraph 2 or ff not paid in that manner, Borrower sfie0 pay them on time .,,,�_
<br /> dtrecthr to the person owed payment Bortower shaU Dromptty fumish to Lender a0 noUces of amounts to be paid under ffi� '. ,��.�_
<br /> ` . . �,�; paragraph. N Borrower makes these payments dhectty. Bortower sha(► promptiy iumish to Lender recaiAts evfdenctng the �.-y;,�„,
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<br /> 8orrower sha0 promptly Cischarge 8ny tlen which has p�ority over this SeCUrnyr InsWment untess BotrowOr. (e)agrees in . "�� '% -?c�
<br /> � wrftfng to the payment ot me obtiga8on secured by the lien in a manner acceDtable to Lendar, (b)contests ln Sood fafth the :'��f:''.
<br /> � � lien by, or QefenQs agatnst enforcement of the Ifen tn,legal proceedings which Gn the LenCars opinion operate to prevent the �'�-:�;,�
<br /> • entorcement of the lien;or(a)secures irom the holder of the I�n an agreemani setfsiactory to Lsnder subordlnating the Ilen to �.=`""
<br /> �'• this Securily tnstnrment If Lender Cetennines that any part of the Property Is subJect to a lien which may attain prlority ovar this " �.:'.:�z
<br /> � ,... � Securlty tnstrument,Lender may glve Bartower a notice IdenWying the Iien.8ortower sha0 satisfy the lien or take one or more oi :.' : .:::a ��' .
<br /> the actions set forth ebare w�hin 10 days Ot tde gMing Ot not(c�. ��"�
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<br /> � �� S S. H�d or Rroperty tnsurance.Borrawer shali keep the bnprovemar.ts now existing or hareafter ereated on the :;�; ��-.
<br /> � ' ' PropeRy insureA egainst toss Dy ftre, harards InCiuded within the term"e�Rended couerage"end any other harards,�ch�ding . � -
<br /> � floods or flooding,for which I.ender requires tnsurence. This insurance sha0 6e maintained in tha amounts and for the pedoQs o. , ,-,.,.
<br /> �'; that Lender requUes• The Insurance cartier providing tha insurence shap be chosen by Borrower subJect to Lenders approvai •
<br /> � t whkb sha�not be unreasonaby wrthhetd. If Ba�ower teits to matnta�n coverage descfibed above,Lender mey. 8t Lende/s � : � .
<br /> _ � � optlon,obtaln coverage to protect Lenders rights tn the Property in accordance wfth paregraAh 7.
<br /> a All insuranca po�ici�s end renewais shall be ac�eDtabte to Lender and ahail incluQe e stenQard mortgage cisuse. LanQer �s
<br /> ' sha0 have the rlght to ratd the poltcies and renewais. I!Lender requtres,Borrowar shall promptly giue to Lender a0 receipts of �`��
<br /> . pald premyms and renewal nopces. tre the event of toss. Borrower shall give O�o�►Wt notice to the insutance cartler an0 LenQ2r- .
<br /> LenQer c.ay make proot o}loss if not rzade promptly by Borrower. " � • •
<br /> Unless Lender and Bortower oinerwise agre9 tn wrfttng, tnsutance proceeQs shail be epp11e0 to restoratlon or rep&tr of the ,
<br /> Property 0emaged, H th0 restoration or repatr is economicalty feesib�e and LenCers securiry is not tsssened. If tt�a restoratlon or � .
<br /> •'• repah b not ecanomka�y feas�le or Lender's secufrty wouid be tessened.the insurance proceeds shall be ap�ie'J to the sums
<br /> secured by this Secur�yr tnsuumeni, whether or not then due, with any excess pald to Bortower. It Borrov�er abandona the '
<br /> t Propefty,or does not answer within 30 days e notice from lender that the lnsurence caRler has oNered to SetUe a ctatrn,then . .'
<br /> ;� LenQer may collect the fisurance proceeds. Lender may use the proceeds to repaU or restore the Properiy or to pay sums � '
<br /> secured by this Securilyr InsWmanb whether or not then due. The 34day perlod wiil begin when the notice is given. ,
<br /> Untess Lender and Bottower othen�rlse agrea in writfig, any application o1 proceeQs to prir.cipal shell not sxtend or . - .
<br /> • postpone the due da:s of !he monthry paymenb re`.•arted to in paragraphs t and 2 or change the emount ot the paymenb. It ,
<br /> � � under paragraph 21 the Property Is acqutred by Lender, Bortowers rlght to sny insurance pollclas and proceeds resulNng hom .
<br /> demage to tne Property prlor to the acquisriion Shall pass to Lender to the extent o1 lhe sums by this SeCUrity Instrument : .
<br /> immediatery pNot to the aCquisRlon. '
<br /> 6. Occupancy, Preseroatlon, Malntenance and Protection o! the Property; Borrower's Loan : .
<br /> .. . � ApplicaUon; Lee89hOld9. eortower shait occupy,esteblish.and usa the Property es 8ortowefs prmcipal rasidence within
<br /> sbAy days after the execution of this Security Instrument and sha►1 continue to occupy the Property as 8ortowefe principal
<br /> .� resldence for at Ieast one yesr after the date ot oceupancy,unless Lender othervvise agrees in writing, whkh consent shall not
<br /> � be unreasona4ry wHhheld,or untess extenuating cUcumstances exlst whlch ere beyond BortowePs conttol. Bortower shall not
<br /> � desuoy,damage or trnpair the Property,allow the PropeRy to deterlorate, or commit weste on the Property. Bortower sheil he in
<br /> :+ defBUH i1 eny tortetture action or proeeeding. v,holhet c�vil ar criminal, Is begun that In Lenders good faith judgment Could result ;.
<br /> in forfeiture ot the ProDeRy or otherwise materiai(y impeh the I'�en created by thls Security ingtrument or Lenders Security lnteres� � :
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