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<br /> TO(iETHER WITH sll the Im rovQrnenis now or hereafte�efer.:ted on tha proporiy. and all easemants, appurtennncos, and
<br /> i fixtures rtaw or hereaftor a part ot lhe propeiry. All replacomenls and additlons shall also bo covcred by thla Security Instrument.
<br /> j All of the toragoing is ralerred to In Ihl:> Securiry Inslrumenl ns Iho "Property.'
<br /> � BORROWER COVENANTS thel Borrower is Inwfully soized ot thc es�oto hareby convoyed nnd hns tho rlgM W grmm �nd I • �, �
<br /> convey the Property and thet tho PropcAy la unencumbered. excapt lor oncumbrancos ol racord. Borrowor w�rrnnts and wfll � r'
<br /> idafend genernlly Iho tltle to tho f'rapoRy eqnlnst ull claime nnd domands. subJoct to any �ncumbrnncos�I record. � � .
<br /> � THIS SECUflITY INS'TFiUMENT aan�binos unilarm covenanta lor natlonnl uoo and nonunitorm covonants with Ihnitod ''
<br /> + ��rintlons by Jurlsdictlon to ennctitula a unAorm coaulty Instrumenl coverin� roal propehy
<br /> � UNIFORM COVENANYS Bortowor end Lendor covonnnt and anrao aa lallows.
<br /> 1. Payment of Pr{ncipal and Interest; Prepayment and LAte Cherges. ea�owor shnll promptly pey wno�
<br /> duo Iho ruiciNol ul end mterasl on Ihc..� dcbt evldenced by the Note nn�i nny prFwnymonl end lato chnrgos duo undor the Noto. i
<br /> . � 2, �unde for Tax�a and Ineuranae. SubJect to npplicablo law or to a written wafvcr by Lendnr. 8orrower shell pny
<br /> I to L�nder on !he doy monlhty paymonts are due under the Noln, untll the Nato Is peid In lutl,e sum ("Funds') far: (n) yeariy I
<br /> taxos end nssossmonte whlch may atteln pdority over Ihis Security Instrument as a Iien on tho Property: (b) yearly lensehold �
<br /> � peyments or ground rents on the PropeAy. II any: (c) yeurly hazerd or property fnouronce premlums: (d) yearly Ilood insurnnco
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<br /> ' premiums, il any: (e) yearly mortgage Insuranr,e premfums, fl any: and (Q eny sums payable by Borrower to Lender In accordance
<br /> with the provlsions oi puragraph 8,in feu of ihe payment ol mortgage Insurance premlums. These items nre called 'Escrow
<br /> ' Items." Lender may,et any time,collect and hold Funds in an amount not to excoed the maxlmum amount a lender tor a �•
<br /> ' federally related mortgege loan mey requlre for Borrower's escrow er.count under the tederal Real Estate Settlement Procedures
<br /> Act o1 1974 as amended from time lo time. 12 U.S.C. �2601 et seq. ("RESPA'), u�less another law that applies to the Funds
<br /> sets a lesser amount. Ii so. Lender vnay, at any lime. coliect and hold Funds in an amount not to exceed the lesser amount. �
<br /> Lender may estimate the amount ol Funds due on the basis of current data nnd reasonable esilmates o1 expenditures of future �
<br /> � Escrow Itema or othetwlse In accadance with applicahle Isw. �•��`�''`�
<br /> The Funda shall be held In an InstiNlion whose deposits ere insured by a federal agency, Instrumentality, or entity (Including .
<br /> Lender, Ii Lender is such en Instilutlon)or in eny Federel Home Loan Bank. Lender shell appy the Funds to pay the Escrow _-
<br /> i Items. Lend�r may not charfle Bortower lor holding and applying the Funds, ennually analyiing Ihe escrow account, or ve�Itying ' ._""' '�—
<br /> •� the Escrow Items, unlesr� Lender pays Borrower Interest on the Punds and appllcable law permlts Lender to make such e ;�;,,�.�,�,
<br /> charge. However, Lender may requlre Borrower to pay a one-time charge tor an Independent real estate tex reporting service �*���c.•:�,.;,
<br /> •� used by Lender In connection wilh thls toan, unless appllcable law provides otherwise. Unless an agreement Is made or ` g�.` : ���;
<br /> epplicable law requlres interest to be p�d. Lender shall not he requlred to pay Borrower any interest or eamings on the Funds. •
<br /> Borrower and Lender may agree N writng, however, that Interest shall be pald on the Funds. Lender shall glve to Borrower. •` ��,"Y+u. �
<br /> without cherge,an annual eccountng ol the Funds, showing credits and debit3 to the Funds end the purpose tor which each '����� ---�
<br /> debit to the Funds was made. The Funds are pledged as additlonal security for all sums secured by the Securfty Instrument. ` �
<br /> If the Funds held by Lender exceed the amounts permitted to be held by appllcable law. Lender shell account to Borrower ��.�-
<br /> � � for the excess Funds In accordance wNh the requlrements of applicabfe law. It the amount of the Funds held by Lender at any
<br /> • time Is not sut�clent to pay the Escrow Items when due, Lender may so notify Bortower in wriline�, and, in such case Borrower
<br /> shall pay to Lender the 4mount necessazy to make up the deflclency. Bortower shell meke up the deficlency In no more than
<br /> � twelve monthfy payments, at Lender's sde discretlon. y
<br /> Upon payment In full ol all sums aecured by this �ecuriry Instrument, Lender shall prompty re(und to Borrower any Funds
<br /> held by Lender. N, under paragraph 21,Lentler snau acquire or seii ine rropa�iy, Le���ar, pr�cr ta 2�� �wul�.t.�r a.��.� a'.�� — � -
<br /> Properly, shnll apply eny Funds held by Lender at tho time ot acqulsitlon or sale as a credit against the sums secured by this .';� �.l'
<br /> " Security Instrument. •'���`
<br /> • � 3. Applicatlon o} Paym9nte. Uniess applicable law provides otherwise, all payments received by Lender under ,�, -�,,. i
<br /> � paragraphs 1 end 2 shall be appGed: irst,to any prepayment chaiges due under the Note; second,to emounts payable under . � '
<br /> paragreph 2: third,to Interest due;fourlh,to principal due; and last,to any late charges due under the Note. '* ;; •
<br /> 4. Charges; Llens. Barower shnll pay all texes, assessments. charges, fines and fmpnsitlons attributable to the ;
<br /> Property whlch may aftaln pdoriTy over thls Security Instrument, and leasehold payments or ground rents,Ii any. Borrower shell ��;
<br /> � pay these obllgatlons In the mamer provided In paregraph 2, or B not paid In that manner, Borrower ahall pay them on time
<br /> ? directly to the person owed payment. Bo�TOwer shali promptly fumish to Lender all notices of amounts to be paid under this t�
<br /> , paragraph. If Bortower mekes ihese payments directly, Bortower shail promptiy fumish to Lender recelpts evldencing the
<br /> payments. :
<br /> � Borcower shall promptly dtscherge any Ilen whlch hes pdority over thls Security Instrument unless Borrower. (a) agrees In ,
<br /> �, writing to the payment oi ihe oWgation secured by the Ilen In a manner accepteble to Lender, (b) contests In good faith the
<br /> Iien by, or defends egainst enforcement of ihe lien in, legal proceedings which In the Lenders opinlon operate to prevent the ����
<br /> � entorcement oi the Ilen; or(c) secures hom the holder o} the Ilen en agreement satisfactory to Lender subordlnating the Ilen to •�' - `-
<br /> this Secudty Instrument. 11 Lender dete:mines thnt nny part of the Property Is subJect to a Ilen which may attaln p�lodry over this E',�''�`�""
<br /> � Secudry Instrument, Lender msy ghe Borrower a noilce Identilying the Ilen. Borrower shull satisry the Ilen or take one�r more o} E::-��---
<br /> the actlons set forth ebove within 10 deys of the glving ot notice. �-�
<br /> ,�. - 5. Haxerd or Property Inaurance. Bortower shall keep the improvements now existin4 or hereaker erected on the �.__-
<br /> - Properry Insured agalnst loss by fire, hecards Included withln the tertn 'extended coverage"and eny other he�ards, Inciuding �'�i-�_ ___
<br />' '� floods or Cooding, for whlch Lender �equires Insurance. Thls Insurance shall be malntelned in lho amounts and for tho perfoda
<br />_ • Z. that Lender requlres. The Insurence certler providing tho insurance shall be chosen by Borrower sutsJeCt to Lender's epproval
<br /> 2 which shall not be unreasonabry withheld. If Borrower fails to maintaln coversge descdbed above. Lender may, et Lender's ___ _,�-�
<br /> L optfon, obtaln coverage to protecl Lender's dghts In the Properiy tn accordance with paragreph 7. ;,. ,,;t��--
<br />- All inaurence po�cies snd rmewals shall be acceptable to Lender and shall Include a standard mortgage clause. Lensier ' �
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<br /> - ' shali have the rtght to hold the policles and renewals, If Lender requlres, Bortower shali promptiy glve to Lender ell recelpts of ,.�„ ,��,• .�;
<br />-_ • • paid premlums and renewel notices. In tlie event of loss, Borrower shall give prompt notice to the Insurance carrier and LendRr. �'�'�"`� =:^•.���P��
<br /> ,..�u+,C�S�'i�=' ..n'c�.
<br /> Lender may make proot of loss ifnot mede promptly by Bortower. •;,r�,;;,;���_ _ •;�;;.
<br /> - Unless Lender and Borrower othmvise agree In writing,Insurance proceeds shall be appGed to restoratlon or repalr of the •,_ : ,
<br /> Property dameged, it the restoratbn or repalr is economlcally feasible and Lender's security Is not lessened. If the restoretion or
<br /> repalr Is not aconomlcally(easible or lmder's security would be lessened, the Insurance proceeds shall be epplied to the sums
<br /> . secured by thls Security Instrument, whether or not then due, with any excess paid to Borrower. If Bortower abandons the �
<br />- Property.or does not answer whhin 30 days a notico from Lender thet the Insurance cartier has o(fered to senle a clalm, then
<br /> Lender may colloct iho Insurance praceeds. Lender mey use the proceeds to repair or restare the Property or to pay sums
<br /> secured by this Sucudty Instrument, whether or not then due. 7he 30•day porlod wlli begin when the notice Is glven.
<br /> Unless Lender and Borrower otherwise egreo In wriiing, eny eppllcation of proceeds to principal shall not oxtend or
<br /> postpone the dua date of the monthly payments referted to In paragrephs t end 2 or change the amount ot the payments. If '
<br /> under paragiaph 21 the Propertyls acquired by Lender, Bortowers rlght to any Insurance policies and proceeds resulting from
<br /> _ demagQ to the Property prlor to the ecqulsitlon shall pass to Lender to the extent ot the sums by thls Secur,ty Insteument � __
<br /> ._— �� Immedia'tN odor to ihe ac4Wsftlon.
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<br />- 6. Occupancy� Preservatlon. Meintenance and Protectlon of the Property; Borrower's Loan
<br /> AppUcatfon; Le089Ut01ds.Borrorrer shnil occupy, establish. nnd use the Property as Borrower's principal residence wlthin
<br /> ' sixty days efter the executlon ol thf�Security Instrument and sheli continuu to occupy tha F�roporly as 9ortower's principnl
<br />— residence for at least una yeur eller IAe date o1 occupancy,unless Lender otherwise agrees In writing,which consent shall not
<br /> be unreaoonably withheld,ar unless ezle�ueting circumslances exist whlch are beyond Borrower's control. Borrower shnll not
<br />� destroy, damngo or Impalr the Propetty. allow the Property to datcrlorate. or commil waste on the Property. Borrower sheli be in
<br /> detault if uny fotfeiture action or proceeding, whether civil or criminal. Is begun that in Lender's good fafth Judgment could result
<br /> in forleiture ol the Property or otherwise rnaterially imFulr the Il�n created by this Securily Instrume�t or Lender's security interest.
<br /> ° Ft31G-lM6 (1N7) Nogi� 2 0l 5 ,_
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