|
_ . �- .. _
<br /> . : .. �.
<br /> . . v:.u?'r �._._��. ----�= :.._�_-:- �. ._: -��_s�i.-y v�a;:�K. �'na'ti _.�. �4. ';rT: _.c_.:.. -
<br /> '--.-. _�._..__ '.� � ,E'. ,.�. �-,-�-t� . "'. � � +
<br /> - .c . t -- -- F . � —, �- - -g�-- � r =- r - — ..�." -`A .
<br /> - • y � �•y+.I a y , o ' __a' �..�- � .. . t t .. --c. �� �al, i �t i- ^j,
<br /> � � t- Y"'�_.. _, t ..� ,•s f r . �..:.. "t� i
<br /> ' _,,,r..% .�.;'i n.. � '����x� r."'� . v� s �' .� .� "�..-. � ..
<br /> . ."gr,`t._�.� ' ' r ';' 's ��$a-G.. 1 �. _ ' _ —_ c F,_„ .
<br /> � °`d°�`)<_��`,� r•{.-.
<br /> � :�b1�•':�����1!. ' ' �O ���- �
<br />_ v 4 ��. �
<br />- � " 3`� .` st�ail be fleld in an iustintuon whose deposits at� insured by a federal agestry.�stsumentali , or entity :`
<br />:�:>�.:��'. �,.,:, The Fpnds <�'
<br /> � (including�ender.if Lender is sach an instiwtion)oY in siny Fedesal Home laan Bank.Lender st�al!appiy tho� so pay the
<br /> �: ,i� Escmta Items.Lender may aot c6arge Honowec for hotd�8�IIPPiying the Funds.unnnatty anaiyting the ess�v�v uc�count,or �
<br /> u' ,��[:.`:�.� verifj�ing the Escmw Items.untess I.ender pays Borrower interest on the Funds nnd applicatite tawr�emuts L�nder to make such .;
<br /> s►ch�e.t�owev€r.Lender may require$romawer to pay a ou�time ct�utge for an iadependent real estate tan rcpon(ng setvioe �,
<br /> � � ' used by Lender in ronnectiaa�rith this loan. unIess epplicttbte law provides athenvise. [Inte�s nn agreement �s mnde or �.
<br /> � . ������.
<br /> .� ; upPlicable!aw c�quires interest to be Qa{d.lender shall nat be required to pay Borrower any inierest or�mings o�t ths Ru�.
<br /> ' lenl
<br /> ' goao�ver and t.ender may agree in writing.Ruwever.th3t i�erest shatl be paid on the Funds. L.endet shall�l f�*h�ch each .
<br /> `��`° , � •°` Fu showin credits and debits m ths Funds and the purpuse ��
<br /> S ` ` without charge.an annual n000trating of the nds. 8 ,
<br /> . '�� debit to the Fands wa4 made.'T6�Funds are pledgecl as additional 3ecvrity for nit sums sesured 6y this Stxuriry Instnunent- �'�.
<br /> ...��. ..:.,u �-;��.-.
<br /> ' ti�` : . If the Funds hetd lsy LenQer eaceeG the amouats permitted to be hcIsl b��licable law.txndcr sEiall acmunt to Borrower _
<br /> � � � °'� foi tht eAaess Funds ia accordaaoe with the requuements of applicubte law.If the amount of the Fuads he2d by Lendet tst a�r `p
<br /> '��.� tiuse is not suffccient to pay the Fscrow items when due.Lender may so notify Borrower in cvriting.and.in such case 6orrower
<br /> ,-- sha41 PaY to lxnder the umonnt necessarl+to make up the deficiency. Burmwer shall make up the defte�ensy in no mPre�han � `
<br /> � twelve monthly PaYme�►ts•�I x n d.°.r's sQ I e d i s c m x i o n. `
<br /> • � • Upon paymeM tn fulf of all sums secured bl►this Security.instrumeat, Fxttder shalE prompdy cefund to Borro�ver any
<br /> ' Fuads held b y Lettder.If,under L 21.Lender shalt aaNite or seU the ti°r°Pe •Lender.prior to the acquisition or sale ��;�T`
<br />. [�� V�.,. ".
<br />` . . _ of d�e P%perty,si�al!apQly aay��ld bx l.ea�'er at the wne of acq�ils�tion or as a credit against the sums s e i v r e d by
<br /> S Insuument. ' �A�
<br /> • ' `;ttfis ecunty re�ived b Lendet under para�
<br />.`� ��` , ". . . . 3.ApplIt�tton of Pa�a�ts.Unl�s applica6te taw provides otherwise.all paYments Y � �_`,
<br /> .. !I es due under tae Note:seooad.w amoESnts payabte nnder pareg�aph 2; .
<br /> 't..� . l.and 2 shatt,be applie�:6zst,to anY P�Y�� .
<br /> � � � third.io inte�st due:fonrtL.to princip a l dae:a n d t a s t.to any t a t e d�a r g e s d u e u a d e r t h e N o t e. ' `
<br />� � 4.C�arges;Lieas.Borrower shall pay at!taxes,a�ms c4arges•fures aad imP°siaans attributable to the Propeny --
<br /> '�n. ' which are attain over this Securi Iasuumeat.and teasdiotd payments or gmund rents.if any. Borrpwer sbaU paY
<br /> :�;.:.�� Y P�'i�Y ty Borrower shall pay ihem on ame directlY -
<br /> •�`-� - these obligations um ttte manner provIde��'m paragraPh 2.or if not paid•in du�t marmer, —
<br /> ` .�� to the pe�sori owed paymeat Borrower ll promptty.famish to Lender all natices of amounu to be paid uuder shis paragraph.
<br /> } ( ;.( .
<br /> , .," ; '�:� If Bormwer makes these payments direcxly.Horrowet shall pmarptly firraish oo Lender r�ceigts evidencing the pay�eats•
<br /> • ?; � : e lien wluch has an over thi4 Seiurity Ios�ea�na2ess.Borrower:(a)egrees in
<br /> Borrower.�6a11 PmmPdY disc�ac� �►Y P*� tY
<br /> . � - -`:;4;'' wriang to the payraent of the o6G�tloa secni+ed bY the liea in a manner accepiabte tn[xnd�;(b)contests in good faiteveat the
<br /> ,�•..�,_:�-', by, or defends against enforcement of the lien in. legal pmceedings whicb ia the t.ender's opinl�on ogerate W p
<br /> . enforcemera af the lien:or(c)secnres from the hold�of the lien an agreeme�satisfactn�r to Leader subordinatiitg the lieu m
<br /> . � � this Security fnsuument.If I.endes determines t6at any Part of We P�ope�ty is subject to a heo wiuch may attait►prinrity+o�►er '
<br /> • ;:._"�; . dus Securiry InsttumeTu.Lender may give Barraw�r a notice identifying the lien.Bormwer siiaU satisfy the liea or take one or
<br /> � � moce of the actions sei forth above wIthin 14 days of the giving of aotice.
<br /> � 5. Kaxard or Pcape�ty Imw�aaee. Borrower shall keeP the imProvemenu now existing or 6erzafter eiected on tha .
<br /> .�, ;"::_-. ,, _. P
<br />���•_..;.:..�.`:.�-�:=.'� . Property insured aga�st loss by fire,ha7ards inciuded within the teria°extended coverage°and anY other f�azaids,incioding
<br /> ::,`� ,, floods or floa�ing,for whish Lender requires�n�ce.Ttns insutance sbalt De maintamed'm the amoants and�for the periods
<br /> tl�at Lender reqaires.'The insura�tce carrier pmvcdmg the insuraa4oe shall 6e c6oseu by Borrower sabject to I.ender's appmval -
<br /> :�.'.,,�,..;;.sr�•.s �` • which shalt not be umeawuably withheld. If Borrawer fails to maintain coverage described ahove.Leader may. at Lender's
<br /> ,_ ��;.'r.�;¢�. :•,�. aption,obtain ooverage w protect Leader's rights in the Properiy ia ascoidaace with patagi'dFh?. _
<br /> ':- . ;-`,,�s:�, . All iflsurance policies and�enewals shatl be accEptabie w Lender and shall include e s9�dard mortgage clause. I.ender
<br /> ,: � `•����.�`" shall have the right ta hold tLe policies and renewais.If Lender cequir�s.Bormwer shap pro�tSY gn►e w Lender ali receipts of
<br /> .. . p�id gremiwns and renewal notices.In the event of toss,Bormwer sMafl grve prompt notice to the insurance rdrrier and Lender.
<br />.` ''' ''.� • • • f.ender may malse pcaof of loss if not made promptiy by BomPwer.
<br /> ;� •. ` ,_ • ;�,s:;: Unless I.ender aa4�rrower othernise agree m wn6ng.insurance prooeeds shall be applied to res�ar�i�ar repair of the
<br /> �;� . ,�.:�'��;r�'>= �� P�Pe�Y d�maged;if d1�.i�`���°r�P�',is ecoaomic�lly f�le and Lender's sewrity is aot lessenecf-t�¢he s+estoration or
<br /> �` °-- ' ;.�f�}z�;:%t';• repa�r is noi eco�omica(1��feasible or Lender s securit3+�vould�e t�sened.the insuiaIIOe Prooeeds shal!6e,�li�ed to tFr�sums
<br /> �.� '�s;t°��" secur�Iry.ttus Serurit}'.�nstrument, whether or not then due, �ith any exoess paid to Bomow�er. if Bo�v�er�:�
<br /> ..�..,,;<.:,
<br /> `�r:�'='.'T�: wer within 30 days a notice from Lender tbat the insuranc�e carrier has bffered to settle 3 d�it�;then
<br /> .�. �: ..,:.:.,,< , {��y propertyr�or does nflt� �
<br />�, . .:�>�,, .� . ` Lender may oollect titr�`sus�rance procee�. Lender mtiy use the praceEds w repair or resrore the Property or to'gny sums _
<br /> _ ..�;.f� ; �...:...�./j ..
<br /> ,.•!.,j;._: '� secured�y thi�Securi ius�ument.whether or aot thea due.'The 30-day periad will beg'in when ihe not�ce is giveo.
<br />. � " � '� Unless I.ender��8acrower otherwise agree in writing. anY appiication of praceeds to principat shall not extend or
<br /> y�f;:.,.;.; '
<br /> � �''' -�. :G �t;':�?;",'� postpone the due date of the monthly.payments referred to in paragraPhs 1 and 2 or c�ange the amount o�the gayarents. If
<br /> °f � ��� ,�'�;•�':;� wider paragraph 21 the Property is scquired by Lender.Borrowcr's right to any insurdnce policies and pmceeds�esultitig&om
<br />� ,-�`'� :.:�:.°. .�:-.;: damage to the Property prior to the acquisttion shall pass to Lender tQ the extent of We sums s�by tfiis S�unty Ins�ument
<br /> ��... .. .•• : ::;.t; immediately psior to th.e acquisit�on. •Borrowe�'s Loan Ag�rt�CStion;Lease�tolds.•
<br /> ,, 6.OccvPan�i`+��nA��II�nance end Pratectton of the Pro�SaRy,
<br /> • 7'• Borrower shall occupy,establish.and use the Property as Borrower's p�incipal residenoe within sixty days a�r the ea�ecndon of
<br />� .:.:. ': .,:'�:...'," and shall wTrtinue to occupy the Praperty as Borruwer's primipal resideace for at Ieast one yeat after •_
<br /> :;;. . .,.. j� . thls Security Irtstn�ment �n
<br /> the date of occupancy,unless Lemd�:a�henvise agrees in writin�:w h i c h oonsen t s h a l l n o t b e u n r e a s o n a b l y w l c h h e l d.o r u n t e s s
<br /> th
<br /> • '� �'� eatennatin� c3raimst�oes exist ��hich are beyond Bnaower's mnuol. Borrower shall noi destroy. damage or impair the =
<br /> • .. �`.F� �Property,allow the�erty to deteriowte. or couunit waste on the Progert�-Borrower shall be in defauIt if any forfeitnre �
<br /> :� .. . ` �:' �; acdon ar proceediag,.' er civil ar criminal,is begun that in Lender's g�,��judgment could msult in forfeiwre of the .
<br /> � � �� .�:�,` '` '•` �r Property or otherwisu2 materially impair the tiert created by this Sec.urlty Instr�nent or Lender's security interest:Borrower ttmy ,_
<br /> ���s,s;, ����`.� cure such a default and reinstate.as provided in paragtaph 18.by cansing the�aron or proee�ding to be dismissad wltb a tuting _
<br /> � ;.•..:'�;;,:` `,, ot other material
<br /> $: `r;;�� �� that, ie Y.ender's good faith determination. prec iu des fodeiture of the Borrower's interesi in the Propc.rty _
<br /> � ' impairrnent oF the lien cr�eated by this Secarity Instrument or I.ender's sec�uity interest-Borrower shall e�so be in default if _
<br /> � � �„�. . � .�;;�h ,; Borrower.during the loan application process.gave materially false or inaccurate infomnation or statementa to Lender(or faited
<br /> �'�' . � �. to provide Leader witb any materisi information)in connection with the loan evidenced try�the Note.iaciuding,but aot limitect
<br /> �� �. : � ''� to.representatlons wnceming Borrower's oocupancy of the PropertY as a priacipal resideaoe.lf tAia Sacz�ai:ty Insui�mmens is an a
<br /> uu
<br /> ` v:'ts' � � leasehold, Borrower shall compty with all the pmvisions nF tfle lease. If Borrower acquires fee tit��'to the Property. the �
<br />�i�. .,.::;�;•.,.:.,;, . .'�
<br /> .:t�,��;;..- ..,; leasehold and the fee tltle shall not rnerge unless L.ender agrees to.zhe merger in writin�.
<br /> �:;��,,`:. t 7.Pr+otedion oY I.ender's Itig6ts in the Property.If Bonou�r fails to perform the covenants and ageements ocr�ined in -
<br /> �' .: �.,` :':'�:: �this Securiry Instrumept,or there is a legal proceeding chat may significantly affect I,endei s ri�hts in�e i'raperty(such as a
<br /> �"'' � �` '' ' `��� p r o o e e d i n g i n b a n[w p t c y,probate.for condemnation or forfeitare as to enfom�Iaws or regulaaonsl,then Lender may do and _
<br /> :�:�'x:��i�:�� :;:}: • pay fo.r whatever is nocessary to p�nteW the value of the Prop�ty snd L�n t J,E r's ri g hts in t he P r ope rt y; L e n d e r's a c t i o n s m a y _
<br /> � ';�i'`?�3.��:�� '�� include pa ng any sums securod by a lien wivch has privmy over thia SecuntY Instr�ment, appearing in court, paying _
<br /> ;,r�;t,�;. � a� � • Althou Lea�er may tuke action unQer this F�B�Pb -
<br /> �� ,E�•��._.:__ i. reasonable attomeys fces and entering on the Property to make repaits. gb Le
<br /> • ' 7.Lender does not have to do so. -
<br /> �':.�... .��._�:. ��.' - ' Any amounts disbursed by Lender under this paragreph 7 shall become sdditional Bebt of Borrower sec�ued by this _
<br /> Security Instrument.IIntess Borrower and Lertdes$gree to other terms of{saymeat,these a�ouats shall be�Interest fmm the _
<br />� .:.`�-,,:;��'- ;. '. date of disbursement at the Note cate and shall be payable, wlth interess:upon nouce from I.ender to Sorrower reyuesting
<br /> �..'.�',;:`e�.�� .. ' PaY 8.Ndortgage Iasurance.If Lender re9u3red mortgage insu�ance as a condition of�iag the loan secured by this Security
<br /> ' Instrument, Eorrowes shall pay the premiumsrequued ro mamtein th�mortgage insura�ce in effect. If.�for any reasan, the �
<br /> �y�,'' �.�,.•..��''• � mort�age insurance aoverage require8 by Lende r Iapses or ceases to be in effect.Barcower shall pay the p��s re9uired�o
<br /> � � �•.:.� .� abtain coverage substantially equivalent to the mortgage insurance previo�sly in effect.at a cost substaatially equivelent to the
<br /> � � cost to Borrower of the mortgage insurance previously in efftct. from an altemate mortgage insurer approved by Lender. If
<br /> ��-`'` ,�1.. . Form 3d28 9190
<br /> :- _------- • aago2ots . .
<br />�7.'v � . , ;� .
<br /> ��,.� : . �, . . • r _ - _.
<br /> � � � - --
<br /> - .. . .. . a- -- __ --- _ - - - ------ -_
<br />
|