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<br /> 70GETHER WiTH aU Ne imGroveme�ts now or hei8after ereCted on the PropeRy. and aU easements. ePPurtenances. end ,
<br /> � ` foRUtes no,v or hereaftar e peR ot the property-AU repiacements anQ eddidons s1�all atso be covered by thLa Securdy Instrumsnt -- . __ . ,
<br /> . ` •AO ot the tcregoa�g�S relerted to in this Secur�y Instrument as the'Propertyr-'
<br /> ° - BORROW�i COVE[�FANTS that 8ortower is Iawfulh setzed ot the estate hereby corweyed end has the right to grant an� , ; , .
<br /> ` convey tne PropeRy and Mat the PropertY fs unen,�umbered,exceDt tor encumbrances of record. Bormwer waaants and w� f`
<br /> ' � ' deiend generairy MA tRte to the PropertY 39aa�st all claims and dsmsnHs,subject to any encumhrances of record `� ' -
<br /> . . � THIS SECURITY tNSTRUMENT combines unitprm covenents tor naUonel use and norwnitortn cov�ants w3h �im�ted� �� :,
<br /> • var(ation9 b�jurtsdiction to constitute a unJortn secu�tY instlum�'t co'reri�g reat property � . .
<br /> ' ' `. UNt�0aN1 COVEPlANTS. 6artower and Lend�covenant and agree as totlows: � : . E
<br /> ' 1. Payme�t of Princtpal and tntec¢s4; PrepaymeM and Late Charges.eorraWer shatl promptly PaY when , .
<br /> � due the rincipat of and Int�est on the Qebt avidenced by the Nof�a end eny prePaYmgnt and tate eharges due under the Note.
<br /> - � 2. �und8 4oi TexeB IIlld (nSUt811Ce.Subi�to app[i�able Iaw or w a written weiver by I.ender,eorrower shau oa .. .
<br /> to tender on tAe daY monthty payments are due under the Note,unt+l the Note i�psld in futl,a svm ('Fu�ds�)tor. (a)yearly � -� .
<br /> ��r ., h` te�ces and assessments whicN may attain priority over thfs 3ecuritY tnstrument as a Qen on the Propeny; (b) ftood 6isuran� , -- ;, . .
<br /> a g r o u rt 0 re n t s o n t h e P r o D e n Y. i f e n y; (c)Y e a r l Y hazard or proy�erty insurance premiums; (d)YeartY .,.-__:•-.•:.
<br /> ,�-.'-�.—_- D Yments or _ �
<br /> --- - . � premiums� �a�Y' (e)YesrN mortgage tr�suranco premiums,if any: and{�any sums payable by Borrawer to L e n d e r�acco r d a n c e - ,
<br /> ' with the prou�s(ons ot para�aph 8. M f�eu of ths payment of moRgage insurance premluma These tems are called'Escrow
<br /> ;' " items.' LanCer may, at arty time. COitect end hold Funds in an emourtt not to mcceed the maxtmum emount a f6nder tor a °
<br /> ' feQeralN re��ted martgaSe loan maY �eputre for Borrowers escrow account under the federal Reat Estate SeGlement Proc�du�es ",
<br /> ' ` Act ot t974 tis amenQed from Ume to ttme, 12 US.C.�2601 et seq. ('RESPA�, untess anothe�Iaw that applies to the FunQs �. �k ;. :
<br /> s
<br /> y sets a lesser amaunt If so. Lender may,at any time,cottect and hoid�unds tn en emount not to exceed the tesser amaunt ,
<br /> 'i_;.` � lender may estim8te the emauM ot WnQs due on the basts ot curtent daffi and reascneb�e est�"aias ot expend�tures of fuWre . �l
<br /> 6; Escrow Items or otherwise fn accordanCe vrith apA���aw.
<br /> '`�-• � The FundS s�eU be held in en institudon whose deposRS flre insured by a tederel agency.�nstrumentalily or ent3y(mcdtding
<br /> � �ender, il Lender is such en irtstitution�or in any Federal Home Loan Benk. Lender shall appiy the Funds W pay the Escrow , ;-';. ,
<br /> ' Items.Lender may not charge Bocrower tor holding and apprying the Funds.eimuaUy enelyztn8 the esc�oW 8c��"t,or veridying , V'
<br /> ', t�e Escrow Items. unisss Lender peys Barrower interest on the Funds and appQcabte Iaw petm�s Lend� to m&ke SuCh 8 ��'�i�x-
<br /> .j� _ __
<br /> � ,• charge. HoNe�er. I.ender may require Borrower to pay a onatime charge tor an indepandent real estate t�c reAorting service
<br /> �< used by Lendar tn connection w�h tAis toan, untess app6cabte fa+�► prov(des atherw(sa Uniess an agreement is made or .�
<br /> !<„ • &pppcabb taw requtres interest to be paid,LenQer shali net 6e requUed to pay Borrowar any fnterest or eamfigs on the Funds- ,
<br /> BoROwer end Lender may agres in �vrftfig� however, that �nterest sha0 be Paid an the Funds. Lender shall gtve to Borrower. • • : i,�
<br /> . � ` without charge, an anau a l accaun t t�g of the Funds,showing cred�ts and debib to tha Funds and the purpose tor which each ;'-�__
<br /> �" ' de6i1 to the Funds was made. The Funds ere Dted9ed as adEiUonel securfty tor all sums secured by the Secur�y Ins7umen4 � +`�.
<br /> �� � If the Funds heid by Lendsr exceed the 8mounts pertnitted to be hetC by appiicabie lav+.Lertder sha0 account ta Bor�ower __ .
<br /> ?;�� � far the exeess Funds fn accordance wRh the requirements of appGcable law•It the amaunt af the Funds held by Lender at any ��
<br />�`° ' time Is not sufficient to pay the Escrow Itams wfien due. Lender may so not�Tyr Borrower in wr�fig.end�such case Boaower :
<br /> �"�_.
<br /> �=, ahall pay to Lendar the amount necessary to make up the Eefrciency. Borrower shalt make up the deficiency tn no more than 5 ` �.
<br /> � tweNe mon►nty payments.et Lendefs sola discratlon. . ,_.�•��.•
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<br /> � Upon paymAnt fn tuU ot aU sums secured by this Secur�ty tnstrument,Lender sdatt prompUy refund w Bonowe►eny Funds -..�-
<br /> hetd by Lender. N,under paragrapA 21,Lender sha0 acqu�e or se0 the Property.Lender,prior to the acqulsitian ar saie of the � }....�—
<br /> •;;:, , � �[ Property, shali eppty any Funds held by Lender at the Ume of acquisRton or saie as a credn agatnst tlie sums secured by thts �y-.
<br /> . � Securiry instrumenL ` ' '"'_"
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<br /> - 3. AppiiceUon of Paymenta Un[ess appllcable Iaw provtQas otherwise, all payments reCetved by Lender under ..,_,_
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<br /> � paragraphs t and 2 shatl be applieQ first,to eny preAaYment charges due under the Note;secand,to amounts payabla undsr -_
<br /> � � paragrepb 2:thUd,to Interest dus:f�urth,to prmcipal due:and last,to anY late cha�ges due under the Note. • _
<br /> � 4. Ch8fg88; L18D8. BoROwer shall p3y 811 taxes, 8S58SSments, ChBtges, fh'ies end impositions Sttr�butebte t0 the � �:,z�'=
<br /> �<, � � � P�operty which mey Bttain prlority over thls Securityr Instrument, and Ieaseho►d payments or ground rents,ff any. Bortower shail •.:-r-
<br /> � ' ` ptty ihese obligatlons fn the manner provided tn paragraph 2. or H not pald 1n that menner, Barrower shaD Day them on Ume '?�t�;:
<br /> • ' diractty to the person owed paymen� Borrower shau Oromptty Nmtsh to Lender atf notices of amounts to be paid uadet this ..�"�_
<br /> • � ' paragraph. II Bortower makes these payments dUectty. Borrower ShaO promptly tumtsh to 4ender receipts evlQencing the , �_�-`
<br /> . � � p8ymonts. '..,�.�.
<br /> : , 8orrower sha0 promptfy Cischarge anY lien which has prio�ihr over this 3ecuriiy tnstrument unless Bortower. (a)agrees in , "�•_i-:..
<br /> writmg to tne paymeM ot the obt;gation secured by the lien tn a menner acceptable to Lendsr, (b)contests tn goo0 faith the • . �'
<br /> • lien Dy, or defends egalnst entorcemenl of the Ilen In. tegel Proceedings which in the Lenders apinion operate to prevent the .;,:�;
<br /> � en(orcemen►01 the Ilen;or(C)secures hom the holder ot the lien an agreement satistactory to Lender subordinating the Ilen to =
<br /> , thls Security InsUUmont.It Lender detartnines that any part of the Property is subject to e Ilen whtch may attain p�tor8y over thts • __
<br /> �r � � Sncurity tnstrument,Lender m8y give Borrowet a notice identity(ng the Iien.Borrower shatl satlstY the ften or take one or more of • �
<br /> �� � the ecdons set foAb ebovD wfthin 10 deyrs of the giv�8 ot not�e. � . '-�`�_
<br /> 6. Ho:ard or Property tnsu�enee. Bonower sna0 keep the tmprovements now existing or hereafter erected on the , . � •
<br /> � - . � PropeRy in�ured agamsi loss by fire, hazards incNdeO wfthln the term "e�Rended coverage'end any other hazards,ficiuding _ _ L
<br /> Qaods or ttr,odinp,tor wh�h lender requtres Insurance. This tnsutance shall be maintained in the amounts and tot the perWds .
<br /> • that LandEr requlres. The Insurance carrier providing the insu�anCe shail be chosen by Borrowet subject to Lendefs approval .. ,.
<br /> wh�h sheu not bo unreasonaby withnets. H Bortower fails to maintaln coverage descrbed above,lender may,at Lendefs . •
<br /> ' option,obtnin coverage to protect Lender's r�ghts�n the Property�accordance with peragreph 7. .
<br /> '.` � AU insumnce pol�lea end renewels shall bo eacept8ble to lender end shall inCtude a standard mortgage ciause. LenQer ,
<br /> ' ' � ' ahall hnve�ho ripht to hold!he poltc�es end renewals. If Lender requUes.8artower sha�l promptry give to Lender ail recelpts ot •
<br /> � potd pram�ums a�d ronevrol not�os. In the event ot toss,Borrower shatl gNe prompt notice to the b►surance cartier and Lender. _ . __
<br /> Lendar mny mako O�oa�ot toss H not made promptty by Borrower. ,� ��.
<br /> Unloss Londor and Bonowor otherwise egree in writing, insurence proceeds shall be applied to restoration or repaV ot the .
<br /> � ' Rroporty damag�d,�f tho rostorgtion or repalr Is economicalry teesibla end LendePs seCUrity Is not lessened. if the restoretion or , . .
<br /> � � ropav is n��oconomiralry foasble or Lendar's security would be te55ene0,the fnsurance proceeds ahall be applled to the sums
<br /> securod Oy Ihls Sar,wity Instrument, whot�or Ot nOt then due, with 8ny exCeSS peid t0 BorrOwet. It BOROwer abBnQOnB the . . ,
<br /> � � Proparty, o� daos not unswor witnin 30 days e rtotico hom Len08r that the insurance carrier has oftered to settte a ctaim,then _ �
<br /> Landar m�y coltact 1t�o 1n�urance proceads. Lender may use the praeeeds to repaU Or reStore the Ptoperty ot to p8y sums
<br /> � sncurotl b�ihi� Socurity Instrumanl,vrhot?�er or not then duv. The 36day period will beg�when the notiCe is gMen. , • � ' .
<br /> Unws� londor und Borrowe► otherwiso aSree In wrding, any appllCation of praceeds to principal shall not extenC or • ,
<br /> po;tpono u�o duo dsto of tho monthty payments rofeaed!o in paragtaphs i and 2 or change th0 amount of the payments. If .
<br /> � undar para!i�npn 21 tno Property Is aCquirod by Lartder, BoROwer's right to any insurance po��cies and proceeds resuiting ftam
<br /> tlamapo 1� �no Proporty prior to Iho 8cqulsit�on shatl pu59 to Lender to ihe extem of the sums by this SeCUrity InstNment
<br /> � �mmoa:ltoh�prior to fhp aCqu���UOn. .
<br /> ff. Ocaupan�y, Preservatlo�� Maintenanca and Protectton of the Property; Borrower's Lo�n
<br /> . . ' ApplieaUon; Leauehotda. 8onovier shell occupy. oslabush, and use tnA Property as 8orrower's principal residence within
<br /> ;utY d�ys aftar tho uxccut�on ot this SoCUrrty Instrumont and shall contlnue to occupy the Property as 8arcowers principel
<br /> ' ros�donCO �•�r nt W:fst ono y0at pftOt t�o 11�lv Of OCCUpenCy, un�ess�ander otherwise agrees in v,riting,�vhich consent sha11 not
<br /> co unroaso�abN v,dhhcid, or unless e�tonuaUng c�rcum�tenCes exist whlCh are beyond Bortower's control. 8otrovref shall not � .
<br /> � dosvoy. d.���s�7o or imp�v tho Proporty, nROV�Ihe Property to Qotanorate,or Commit waste on the PropBAy Borcower shall be in
<br /> dei�ult �1 u�� �G�1oluro nttion ot proCCOdinq, whOlhUr Ciwi Or Cnm�na�. �s begun theS in Lend�r'S g00d tsith judgment Could resuft
<br /> �n farfaturo n� Ihp Vroparty or othnrw�so m�torql;y �mpqv tno lien creatod bY this Securityr Instrument or LendePs securRy Inte�est.
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