|
• ,.e._�.--..�.,._,,.�_•
<br /> n. . ..;��. ���+:S�w,�.:s1.�d=• . •�`*`�;`:r'i,-`_�r-. _ ..--__— .
<br /> :.ara.._
<br /> . r ..c�.w . --
<br />. __......�i{� _--___-- £97SI�'''—�'
<br /> _rr,r« . . __ - `�n..M�m�r1Y:�o,�i'S1 •"'�fl�n•.,
<br /> . :ae�eti__'-�..•^•.,:..1:.i.�:Z'v" — «:�SS.."t..—.._
<br /> '�IXiETHEFI WI'�H aU ih� knprov�mtnt� now or hsrwflw er4s:led on the prapeRy, and aN �assm�nte. �ppurtenance�, �nd
<br /> flMur�s ncw or hKe�kK�p�rt of ihe prop�rty.All npl�c«n�nta and�ddfilone sh�q dso b�cova�d by thls 3ecurity Inswment.
<br /> 7111 ot th�farpolny la referted to In 4hle Sacurity Instrumsnt��th� 'PropeHy.'
<br /> • BOARQNfER COYENANTB th�t Bortower I� I�wlully alzod �1 iho atats hareby conveyed and lias the rlght to pnnt nnd
<br /> conv�y Ihe Rop�rty �nd ih�t the Property le unen�wmhK�d, ucc�pt tor an�umbr�ncas of record. Borrower w�rtante md wIN
<br /> d�imd p�nK�My!he litN to th�PropMty�y�fn�t W clakna�nd denwnda,eubJ�ct to�ny encumbr�ncaa o1 re�ord.
<br /> THNJ SECURITV INSTRUMENT combk��� unifortn cownant� for natlonal uae �nd non•unliorm cownant� wlth Umited �
<br /> varAticn� by w�itdicllon to cpn�tituta�unflorm a�curky Indrum�nt covArinp raN prapaty. .J
<br /> UNFORM COVENANTB. Borrower and Und�r cav�runt�nd aprN�t foNowe; I
<br /> 7,Pa�ym�n*. af Princlp�l and Int�nst; Pr�p�ymant �nd Lat� Chara��. DoROww shall promptly pey when
<br /> dw th�principal of and Int�rest on ihe d�bt cvldenad by the Not�and�ny prsp�yment rud ate charges due undsr tho Nota.
<br /> 2.Fund�tor Taxf� �nd In�U�1��C�. Sub)act to�ppNc�ble ww or to a writtm waNer by Lundsr, Dortower ah�ll puy �
<br /> to Lender on the d�►y monthty peymente ers due under the Note, until the Note Is p�ld In tull, s eum ('Funda'y for: (�)ye�rly O
<br /> Uxas �nd es�esemenie whlch rtuy ettain prorky over thla Securfly Inatrument aa a Ilan on the Property; (b) yenrty laaehold �
<br /> paymant� or pround rents on the Property, li my; (n) yeuty hezard or property Inaurence premlums; (d) yearly Aoad Inau�nce
<br /> prem[ums, II�ny; (e)yeary morty�pe Insurence prernlum�,B�ny; end(Q eny eums p�yabie by Bortower to Lender In accordartce �
<br /> wlth the provlelons ot p�npnph B. In Neu o}the pe�nnsnt o1 mortgape Inaurenca prernlums. These Items ere caCed 'Esorow �
<br /> Items.' Lender may, et �ny tkns, coilact and hold Funds In an amount not to exceed the mnxlmum nmuunt a lenda for� _
<br /> fedKaH rel�ted mortgaga Iwn may require for BoROwa'e eauow account under the todenl Ral Estate Settiement Praceduree
<br /> Acl of 18.A�s amended from time to tima,12 U.S.C.�2601 et aeq, ("RESPA'), unless tnothar kw that epp8es to the Funde
<br /> sals a Nssor amount. II so, Lender rnay,at any tkns, collect�nd hold Funds In an amount not to nxceed the lesax+mount.
<br /> Londer may estkixte the emount of Funda due on the banla of current dittei and rasontbie estimates of expenditurea ot future
<br /> Escrow Items or otfierwise In accord�nce with�ppilabla law.
<br /> The Funda shaN be held In an tnatNutlon whoso deposfta are Insured by�tedenl apency.Instrumentality, or entily(indudlnp
<br /> Lender,If Lender!s euch an InaGtution) or In�ny Federel Home Lan Bank. Lender sh�N �pply the Funda to pay the Escrow
<br /> itams.lender m�y not charpe Bomowx 1or holding end oppty'�ng the Funds,annually anatyrzk�p the eecrow nccount. or veriiykig _
<br /> Ith� Etaow It�me, unlasa Lender p�ye BoROwer interest on the Funds and epplicable law pamfte Lender to make eu�h a
<br /> oh�rge.Howsver� Lander may requlre Bortower to pay s onatlme chorpe tor an indapendent red estate tt�a roportinp eervice
<br /> used by Lender In connectlon with this loan, unfess appilable law providea otherwlse. Unleas en eg��ernent is m�de or
<br /> �pppc�ble Mw requlraa Interest to be p�id, Lender ahell not be requked to pay Borrower�ny htereat or e�minga on the Fimda.
<br /> Barower �nd lender rtuy egrse in writing, however, th�t inte►est eh�ll be pald on the Funds. Lende► ah�ll give to Borrowa,
<br /> wfthoul chuae, m annutt accountiny ot the Funds, ahrnving aerr�iite end debfls to the Funds and 1he purpose lor whlch each
<br /> debft to tha Funds was tn�de, The Funda are plsdyed�e additiond eecurity ta aA aum�secured by the Security Inntrumont.
<br /> tl the Funde heid by lendx exceed ihe u�wunte pertnitted t4 bs heid by�ppflcabte kw, Lende►ehaN account to Borrawx
<br /> tor th�axcess Funds In accorder!ce wrih the requkemente of�ppWc�ble I�w.If the amount ot ths Funds hdd by Lender at �ny
<br /> time (e not euflld�nt to p�y tha Esaow Itema when dua.Lender m�y eo notffy Bortowx in w�itk►p. �nd, In such eees BoROwx
<br /> eh�li pty to LendK the�mount neceaasry to nxke up tha dNidaney. Borrower ehall mdte up the dellckncy fn no mae then
<br /> twdve monthiy payments,�t Lendee's aole dlaaetion.
<br /> ��,az��•n•�ti !�t•�x.,t�k R��r�a ancurwd by thls Securlry InsUument. Lendar ehall promptry refund to Bortower eny Funda
<br /> �teld by Lende�. If, under paaqnph 21, Lender ah�l acquke or aeN the Property, Lender, pria to the aequlsHbn or sab of tha
<br /> propety, aMiN �ppFy any Funds held by Lender at ths tkne of Rcquiskion or sale ae •cre.dit�y�inat the suma securad by thls
<br /> �wdry[st�trumznt.
<br /> 3� I�ppiieaiion of Paym�nK. Cl�lid95 appllcabf� I�w provid�s othenvise, a9 Feyment� receiv�d 6y Lender under
<br /> p�ragr�pF�a 1 and 2 shaM be�pplied: 11rot, to�ny prepayment aharpea due under the Note: a�cond,to amounta p+iyabb under
<br /> pra9nph 2;thkd,to Intsreat due; touAh,ta prk�cipal dus;�nd laet,to�ny{ate aha�pea due und�r ths Note.
<br /> 4, CI1���; Ll�nl. Borcawa nhaN p�y �q t�xes, easeaan�nta, charpes, Anes �nd irr�wsfdona aridbutabk to the
<br /> prop«y wh�Ch rn�y�ttaki prlority avx thls Sau�ity Instrumant, and le�eehotd�ayrnants or qround ronts, B any. Bortowbr ah�N
<br /> p�y ihesa obYp�tlona In ths m�nnar provlded in pu��aph 2, or M not paid In that m�nner, Borrower eh�M pry them on tlme
<br /> �ikecty tn Ihe �son owai paymsn� 8orrower shaM prompty fumish to Lendx aM noticaa oi amounta to t�s paid under this
<br /> pva�ph. II Borrower rrwkes theae pay�nente direcUy, Barrower shaN prompttyr fumish to Lender receipta uvkiendny the
<br /> p�yrnmts.
<br /> gcrr,nwK eh�N promptly diacharpe �ny Ilen whfch haa prbrtty over thla S�curity Inatrument unlesa Borrower. (�) �p�aea In
<br /> wrkinq lo fh� p�ym�nt ot ih�obUg�Uo+i sacund Ey the Y�n In e rt►mna �co�pt�ble to Lendsr; (b) contests In yood hith the
<br /> Ilen by, a detmds �y�k�at �niorcertiait o1 the Ilen In, lepal proceedinpa wh�h In the Lender's opinbn op'nt�to prevent the
<br /> enlorcan�nt of th� Wn; or(c) eecures hom the holder of the Ilen�n a�eem�nt saUal��tury to Ldnder subordlnaUny th�Nan to
<br /> thln Seauity tnaWment. ft Lenda daterrtdnaa that eny p�rt ot the fRoperty Is subJect to a Nen wh�h m�y att+dn pdority ove►this
<br /> 3�a�tly Inatrument, Lender may pive 8orrowK a noQc�Identflying the Ilen. Borrower shafl eaUsly the Nen or take ons or moro of
<br /> the adbna set torth�bov�wilhin 10 days of the gNk�g ot notica.
<br /> 5. Hwrd or PrOp�1'ty InsuranC�. 8orcoww shall keep the improvernente now exlsUnp or he�eaRer eractad on the
<br /> , Prossaly insurod��fnst losa by tire, haz�nia induded wkhfn the tertn °NRMI�!(I COY!(�Q8' and any other h�zarda, hdudinp
<br /> fluocU or lbodinp, ta wh�h L�nder requires Inaurance. Thla Insunnca shall be rru�inUin�d in ths�mounts and for the pedoda
<br /> thet lenc�Yr roqukee. The inaunnc�c�rtfnr providfny ths tnwrnnw shaN be chosen by Bortowa aubjsct to Lander'a�pprovd
<br /> whbh�hal not bs unro�eon�bly vrllhhetd. II Bortower t�ils to m�kitdn covenp� d�acrided �bove, Lender rn�y, �t Lender'e
<br /> opdan,obWn covenps to protect Lmder'e Nphts Irt ths RopKty h�ccordance wkh p�apaph 7.
<br /> N{naunncs poNdes �nd rer�ewole shd be accepUbla to Le�dar end shaM Indude � �tand�rd morty�p� cl�uae. Lender
<br /> �h�li h�ve the rfpht to hold the poAdea and rencw�la. It Lender rcqukea. Borrower sM�N prompHlr ylve to Lender aM receipts of
<br /> puld prernluma md renewal noticea. In the event ot losa,Borrower eh�tl qhre prompt notice to the Insurance c�rtier and Lender.
<br /> Lenckr rrwy m�ke prool oi bse R not msde promp�yr by Bortower.
<br /> Udeae Lender�nd Barower otherwlse ��ree In vr�itinp,Insunnce proceeds shaN be appNed to restorndon o� reprJr a1'Ifie
<br />_ prop�ty durNged, N the natontbn or rep�k la econorr�ky fs�sibb ind Landar's securiry is not lesaen�d. I}the restor�:ton or
<br /> repak b not economlceMy teneibie a Lender's sncudry Nouid be lessened, the Insurance proceeds sh�U be appNed to the sums
<br /> ser.c.md by thls Securiry InsUument,whether or not then due, whh �ny excesa patd to Borcower. It 8orrower ab�ndoc�s the
<br /> PrcpeAy, a doea not �newa within SO d�ya o noUce trom Lender that the Inaurance cartkr haa ottered to selHe ■ ekhn, then
<br /> lendr�y coN�ct iho insunnce procoeda. Lender rrwy uao the proceads to rep�k or rostoro the Prop�xty ar tn p�y sums
<br /> aeccx�d by this 3ecurity Instrument,whether or not tAen due. The 30�day period wIM beqin whm the notk;e Is gMen.
<br /> IMleee Lender �nd Berrower otherwis� ayrrae M wriHnp, any �ppNc�tion ot prxeede to prindpd shaN not �xtend a
<br /> postpme the dus d�te of ths monthy paymenta relerrad to in ptnpnphs 1 and 2 or chmQe the�mount o}the payrnents. I}
<br /> undar pan�ph 21 the Propaty is�cquksd by Lander, Borrower's rlyht to�ny inaunna�polidea and proceeda resulUng hom
<br /> duny� to the A'opeity prior to the ncquis0ion ahall paso to Lender to the extent of the sums by thls Securfty Instrument
<br /> •'--- —.'-"'--
<br /> : �7.i.:a'.i:�j p:riri.`v.na..,y,uvu...... �
<br /> 8. Occupancy� Pr�s�rv�tlon, Mtint�nanca and P�ot�ctlon uf th� Prop��ty; Borrowor'e Lwn
<br /> AppllCatlW1; L��ho[ds. Bartower sh�q occupy, esteblish,and use the Pruperty as BoROwer'e principat residence wHhin
<br /> sixty daya �her the executlon ot ihls Securiry Instrumenl �nd sheN continue to occupy the Property aa 8ortower's pNnclp�l
<br /> res6�ence lor �t leest one ye�r�fter the date o} occupuicy,unl�s Lender otheiwlse �prnea {n writMg, which consent shall not
<br /> be unreasonYbly withheld,or unless extenuatinq ckcumstancez exist whlch are beyond Borrower's co�itroi. Borrowar shall not
<br /> ckstroy, d�ma9e or Imp�lr the Property, aAow the Roperty to deterlorate, or cortrnR waste on the Propaty. Borrower ehell be In
<br /> detaW it �ny todekuro acUon or proceeding, whethu civA or cNmhial,is beyun that in Lender'n pood falth Judpment cauld resuR
<br />- in ta+hiture of the Roperly or othe+wlse materl�ky impsk the Iien cre�ted by th19''3ecurity InsUument or Lenderb securNy Intereat.
<br /> F1318.LM0(1I9� Papc 2 oT 5 "`��+� �
<br />= 312
<br />
|