|
�i:.. �` . ��` z_ i ��x:.�..-.:,.., _ {-�
<br /> -y.'t:` - - - �,-_-� �- x_ � �.
<br /> :�...�. .r',t« c.. ' ' -- - � `— _ �1,� ��r }`__ #_}_ -
<br /> � � � s , ; r �{ '� ` F �._ r- � : �` .
<br /> �
<br /> c .
<br /> •� .
<br /> r� . ''- - � _ " c - . c �, 2- _ ,��. ,�1. t,.� i r. � c c. .�t:
<br /> J"�/ -Y..W..� .. . . . i- _ .y; i-� t ld t��" ��.Y .is
<br /> ` __"• �i. . 1C� ' ..,-_ .' _ - — _ ..... .: .— _ _
<br /> �
<br /> � � _
<br /> �. _ , " :_'"_ ' v :,-
<br /> - '° 'c , ' ... ' T '- �-...., . �� . .. . ::,. J2-. ..�_[r..�.�___...�_._s'-
<br /> ` ( c �,. .{. 1' � �t_
<br />.. - _ '��:.i!•`;v. -.«-
<br /> .� h t� 9��
<br /> �. �;� The Furtds shaH be held in an institution whose deposits are insutrd by a fedeca! age�c}, init��tality.o�►aty
<br /> `• � (including L.ender,if Lender is such an insriwtion)or in any Federal Hamc Loun Bank.Lender sh.al!apply thQ Funds ro pay the r •`
<br /> ,`t�,..:` ,;
<br /> � Fscnaw Items_ Lender may not charge Borro�Yer tor holding and aQplyeug thc Funds.annwllty analyzing th:estzow account.or T
<br /> • � ` �'` �erifying the Escrow Items.unless Lender pays Borrower interest on the Funds smd appticabte faw perm'sts Lender to m�alce such
<br /> , . `" a chargt. Hotive�er, Lender may require Borro�ver to pay a one-time ctrerge for a»it[depeud,�t rcal eFtate tax reporting senite •
<br /> ` used by Lender in connection with this toan, unless appticable law pnuvides athcnvise. UnItss an a,�rcema►t is made or
<br /> ' �' apptiqb2e taw requires interest w be paid,i.eader s6a11 txot be requind•ht�pay Borrower any intersst nr eamings on the Fur�ds.
<br /> �si • " Borrower and [.ender may agree in writing,how•ever,that interest sEmll�hr paid on tiie Fuuds. 1.e�3u s�►alf give to Borrawer.
<br /> -. .�F ...� without charge,an aiu�uai accounring of the Fands,shawing credits.aad debits tn the Funds a�tht gvrpase for which each
<br />, =, ' '.` debit to the Funds�vas made.Th�Funds are pledged as additional sc�.vrity for aU sums securex�ba•this Securit}�Instrumeat.
<br /> ���;R.:., If the Funds hsld by I.ender exceed the amowit,pemritted to 6e hetd by applicabte laa.l.e�rr shall account w Borro�ticr
<br /> � , � '" for the excess fiunds in acwrdaace with the requirements of a�plicaitfe tuw.If the amount of thx Funds held hy L,ender at any
<br /> �4 ame is reo�s�,f�cie�ta pay che�w Icems ti�►1�due.[xnder�so nc�tifj Bornawer ia a�sisin,g,�xl.in such case Borrotves •
<br /> �',,`;,_, '<., shall pay to Leeder t�amount necessary to rpake up the deficiency.Borrawer shall make np tht detiricncy in na more than
<br /> � _�4�. �.
<br /> _:`::<Y�=' ; .i��. twetve monthty paym�nts.at Lender's sole discretion. �. '�._
<br /> '-. U�on p a yment in full of all sutnc secured b y this Securi t y [nstrument. I.ender sha11 pr,i m�►tl�refund to Borrower an y i`�°
<br /> _ Fwids held by Leader.If,under paragraph 21.Lender shall acquim or.sep the Property.[.ender,prit►r to the acquisipon or sale :` '�.
<br /> ' '`' ' of the Property.shatl apply any Funds 6eld by Lender at the time af acquisidon or sale as a creAit against the sums secured by ``�
<br /> ;i,", ' `., .�::',:��� this Seatriry Isistrument. ;' �'•�
<br /> ' 3.t� ration of Pa tneats.Unless li�ble!aw mvides othern�ia;e,a11 a mentti rcceivod Lender under iss � '
<br /> , `. s.,' ;` PP� S aPP� P p Y fi P�*�P C
<br /> - ��i,Kr•.�::;°.%; 1 and 2 shall be applied:first.to any prepaymem charges due under the Natc: second.to anu.xints�yable under paragraph 2: r '�
<br /> ' �y j�`�1 t:,tr;-; ;�..0
<br /> ..�, .:�f� third,tn interest due; fourth,m pria,.�pal due:and last,to ang Late ciwrg�due under the 1\ute. ,�
<br /> � `�'` !.'f��.'� 4.� es;Liens.Borroa•es sbap a all taxes.assessnmxti�,. rrepositi�na aiuibutable to the Property �
<br /> :�;��:`•>f:%'�< .�','.-.�.:`;' wluch nsay�atta�n priarity over t�is Se�vri�lnstrumem, and Ieas�dal�paymen�or gmund mnts. ll s�ny.Sormwer shall PaY
<br /> ,.�:;;�:,': � � .-•' these obligations ia dn:���grovided in par•agraph 2,or if aot paid in.that manner.Borro�ver sha11 p�y them on time directly t .A
<br /> E..f: •"'`•.`:
<br />•.;;x..:G4:r.. ,: to the person awed��-:�a�i3errnwer shall promptly fumish m L•ender all norices of azaounts to t�paid under this paragraph. �'
<br /> ��':'ttF��` � If Borrower makes,��e�y�x�directly.Borrower shall pr+�mptty fi�mish ro Lender reoripts evidepcing tfie payments. ; �
<br /> �'�•"'�'����'• ���•••' Borrower shall.•> , tl dis e an lien which has nority wer this Securi [nswm.°.nt un1Css Borrower:fa)a ees in ��%
<br /> :t }n;r•.-;� �, .F�mP Y �� Y P � ty S�'
<br /> �'_,s��'. . � ; writing to the payme:x:af the abligarion secured by the lien in a mam�eracceptable to Lender.(b)co�usts in gaod faith the lien ,:_';=
<br /> ,r`:�.;�;..,� �. �°• by, or defends a�'vex�enfor�ement af the lien in. legal proceedings wbich in ttte Ixnder s apiqion aperate to prevern the ;.: -•;
<br /> ' ` ` << . � enfarcement of the li�;or Ie)secuc�es from the holder of the lienan,agreement satisfactory to i.en��r subordinating the lien to
<br /> ; ��; this Security Instwnen[.tf Lender determines that any part of tha Property is subject to a li�a�I��•may anain prioriry over
<br /> ��',, this Sa�L^sy Insttum�nt,Lender may give Borro�ver a natice identifyins the lien. BorroK-es sh�)satisfy the lien or take ane or
<br /> : .,r r���;��:•�; •...�'r more eu t��actions set fprth abooe within iQ days of the gizi�af natfce. •
<br /> .,,�.yfili�,:`. . �;.���..��, ���, Borrower shall k�ep•the improvar►ents now ezroting or hereafter ereried an the 'r- .
<br /> ',:'+���`� :�'��°: Pro utsured- t loss 6 fire. barards inctuded within the t�m "extended cov re
<br /> `; �,���:. . PenY � S�� Y erage"and any oiher harerds.including `
<br />�.,,{y��f f;_°� .:�:-'.;, floods or floadin���which I.ender requires insurence.This iasuRance sft�ll be maintaiaed in the amaunu and for the periods ';
<br /> <<t'��; that Leader requ"s� �e insurance carrier providing We insur.u►ce shull i�chasea by t3ezower subject to I.ender's approval Y
<br /> r,;�; a ' . '. ; which shaU not be uqreasatmbl}r ��thheld. If Borrawer fails ta mainttun coti•e�age de�,.�i-�d above. Lender may. at Lendei s ` _
<br /> �„.�,,,.. . .. �
<br />__ �.,��.4;..� .. :�- : optian,obtain coverage to protect i.ettder s rights in the Prapestity in accordance with p�:ph 7. ?�:-
<br /> f;� . Ali insurance policies and renewals shall be acceptable to Leader and shall inc1�1�:a standard mortga�e clause. L.ender �T::
<br /> (�`i;,?�, � shall have the righc�3 hold the policies and renewals.If L.ender reqpires.Barrower sbail p�mptly gice to Lender all receipts of x .
<br /> �..:� paid premiums an���teewal notices.In the eveaz of loss.Barmwer shuti give Frompt notice to the inwraac.,carrier and Lender. ��� •
<br /> .;'' '`�';' l.ender may make Fr•�of of lass if�ot made pro��;iy by Borrower. ��
<br /> .., ,,.:. : .
<br /> •,;��" `'''�' f �L!uir�s I.ender and Borrower othenvise a ee in�vritia nivwance raceeds shall be l�ed ta restoratian or r af the -
<br /> . ,:,..;_.�.
<br />- ,.,; �. . � 8�' $- P �D� � ----
<br /> �',_�-.,,.�:,>,�•�;.;. ��` Rope�ery•�amaged.if the restoration ur repair is ecanomicall!{�fr.�.siBle and L.ender's security is noi tesse�rsd.if the rc�t�ion or �--
<br /> f`- repair is not economically feasible or L.ender's security woutd�be lessemed. the insurance praceeds sh�1)be applied to the sums "�' -•
<br /> �'`. secured by this Security Inatrument. whether or not then due, with any excess paid to Borrow•et. If Borra��•er abandons the ��'-`"'
<br /> ��• •f• . Propert�c,or does not answer within 30 days a notice fmm•Lendar that the insurance carrier teas offerod ta settle a claim, then !��°
<br /> � ., - Lender may mlteti the insurance praceeQs. Lender may•u�.0 ttte praceeds ro rep;ur or restare the Property or to pay sums !!�
<br />_ �.,•;:� secured by this Security Inctrument,whether or not then dua.7'ha 3Q�duy periad will begisc when the notice is given. i�
<br /> Unless Lender and Borrower athenvise agree in•wmfng, any applicatian of prooa� to principal shall not extend or
<br /> ��' ,`�,1 �ostpone the due date of the mo�zhly payments refarrad�ta•in pamgraphs 1 and 2 or d�.f,s��..ths amoant of the payments. If _
<br /> , � ; y, under paragraph 21 the Properry is acyuved by Lendt+ttt Bnrrowor's right to any insurance goticies a�r.l proceeds resulting from
<br /> ,•.' ,,:'� damage to the Pro�,;prior to the acyuisitiun�ahalUpass ta•I.endor to the extent of the sums s�by this Security Instrument !�' �
<br />- ��!':. . " *' immediately prior pa��,:acquisit�o�. t�=-`'
<br /> :-;�.
<br />_ ���;f. 6.Qocupar�cy,�?rieservatie�.39aintenaner and�Ptgitecttam oPlhe PropeRy;Borrourc''s Loan Appltca4ion;I.easehofds. : o,-
<br />. ,•:�!� ' � Borrc,�:�,:r shall occupy.establish,and use the Propeny,uf.Bnov<�wer'�principal residence«:t!:in sixty days after the execution of
<br /> . . � �� this Se�.vrity[nstnir,ent and shafl continue to occupy tho Praperty as Borrower's princ���u.l!rrsidenzc for at least one year after .
<br /> the date of occuparW�. unless Lender otherw)s,�t�tees in�writing.�vhich conaem shall r.ot be unrea.yn:xab3y withheld,or unless
<br /> .. � extenuating circ�r:�.:Ta:es exist which are beynn��8nmower's cantrol. �;nower shall nat d:suoy. damage or impair the �
<br /> . '` Property, allow tP�F+::;yerty to deteriorate, on cnmmiU wasto an thQ Pra�ty. Barrower shall be in default if any forfciture
<br />- t..i.;:::, acdon or proce.eding, wliether ci�:�l or criminal;is begun�that in Lender's goai faith jLtgmeni con1�result in fodeiture of the '
<br /> - '�:�!�"�;a-•.;:`: . Praperty or othenvise materiall�umpair the lien croatad�hy thi5 5ecurity instrument or Lender's security interest.Borrower may '
<br />_ ""` cure such a default arnl rcinstate.as provided in QamgropN 18, hy causin�the action or proceeding tn be dismissed with a ruling �
<br /> _;. . .c,,,
<br />�..; . ; - �� : that. in Lender's�.��d faith determination. precludt�s furfcituro uf the Borrower's interest in the Pro�rty or olher material
<br />-__ ` impairment of the ti��created by this Setarnty.�Ittsttuntent ur Lender's�:,srity interest. Bortower sha11 also be In detault if
<br /> . . Borrower,durir.g E��.loan application pmcess,.ga��a m�tariully.ful+e or inaccurate infomiation or staissnents to Lender(or failed
<br /> � to provide Lender with any matcrial information)in connertiomwith the t�z.�evidenced by the Note.ineluding.bat rtot limited
<br />� .� � to,re;�res�ntations ooncernmg Borrower's occupancyr af•tNts ptopeny as a principal res'r�-�x.lf this Security Iruttum+xit is o�a
<br /> _- ' • :�� leaseho7d, Borrotver shall comply with afl the pravisions af tho le�ase. If Berrawe� au.;uires fee eiilr to th� Propett�•. �he .
<br />
|