|
� �'` � s, N _ � r. '" �Z �1 �w -
<br /> . S. _ � _ ___- . _ . __ �- S 1 y, C �,}tt•.: . _....�. -d" � _ .
<br /> . q � �_ -r� r ( . u r,ih y . ij �
<br /> � 1 � 1 y ���`. � . . t .;. r ' .
<br /> ._� , t� :? �. - � n';�; h ` ,� ; r . ���., �; r• ; [�: s!�r,�f._ _Q -�•. g i _
<br /> Y. "��
<br /> '' t�. n-_ ., . . �y .
<br /> . - :_,.; � - 98- � ��s�o
<br /> - - �-��.
<br /> ` ` . or entity :r�'�:
<br /> mstrumentali
<br /> ' �. �. :r`.< T% Fnnds shalf tre held in an iasdtution whose deposets a� inssared by a federai agen�Y• � n'•
<br /> i
<br /> '';�." -`. �� (i�ctuding Lender.if Lender is sucb an institutio�or in any Federat Hame i.oan Bank.L•ender shali apply the Funds to Qay.the
<br />-_ `�.`. �'•':- Escrow itetns.t.ender rrrsy aot cAarge BoTrower for hotdiag aad applying the F�nds.annualty anaiyzing[he escmw accoun�or °<;.. ..
<br /> � � .. verifyin�the Essraw Items,ualess l.ender pays Bomawer interiest on the Funds and appiicable law pemnts Lender to makc such
<br /> e. 1�l�weves.IRteder maYre�uirci�On°�to pny a one-time chatge for an inde}undent reat�atc tmc reportin�service
<br />_...•<< �,:.''.: ad�arB
<br /> � used b�r Leadec in oonnectian with this loan. untess a�pl[cabte !aw pmvid Barra er�any nte►r.et ar�gsnun the Funds.
<br />_ _` `' �, applicable law requires inte�cst to be paid.Lende�shall not be required to pay _
<br /> � Bprrowgr and Lertder maY 88'�ee in wnnng.however.that inteiese shall be pa�d on the Funds. L.ender sha11 Sive to 6orrower.
<br /> . _ _ ��t�E.���8{a�couni�ng of the Funds,sltowing cr�its and debits to the�unds and the purpase Eor which rdch
<br /> J� �t, , debit to the Funds hcv a ttb�ade.��e ex�t�he pmnunts pemuu�be held by aplpl�icabte�taw�.Lender h�acrnunt to Borruwer ` •' �
<br /> cv�s
<br /> if the Funds t Y ��"�
<br /> �—,�� far t6e exc�ss Funds ia atcordance with the requirements of applicabie(aw. [B����µndns attd.n such rase Borrower
<br /> ',., e _ �
<br /> --��� time is aot sufficieiet to pay the Escrow ttem+when dtte.txnder st�y so notify ----
<br />'. :"--�2; shall pay to Leader the amount neees�arY to malce up tde defeiency. Borrower shalt maEce up the deficiency in no more than
<br /> . twelve mvnthly Paymehts.at Lender's soie discretion. �,��=_-
<br /> � . - Qpon paymeut in ful!of all sums secured bY this Securiry lnsuumei►t• Lender shafl ptvmptty cefund to Bo�ower any
<br /> - . � F�mds he[d by Lender.If,under paragtapb Zl.I.ender shall arquire or sell the Property.lR�utcr.prior to the acquisition or sale �'.� ,.,
<br />_ �` ;,- •. :.::, �m ntit the sums secvred by =
<br /> .;G':'.':' ': of the Property.�a12 aPPIY anY Funds held by L.endes at the cime of acquisition ar seic su a credit agai
<br /> ; � •F'�, this Security Ins�ment• enu reoeived b l.ender under pacageapl�s L :�.=
<br /> •: ��;.� 3.�p�p��of pgy�nents.U n t c s s apgli c a b t e l a w p ro v i d e s o t h e i w ise.all p a y n► Y �_;;
<br /> ym
<br /> � 1 and 2 shall be appfied- fnst.to any prepaynnerrt charSes due under�he Note;se�nd.���u�s P�y�le vndes p�B�P�2:
<br /> t�ird.to interest due:fourth.co principal dne:and tass,to any late charges due under the Note. `_
<br /> .' ¢.CBarge�Lt�s.Borrower shall pay all taaes.assessmenu.charges.fines and impositions attributable to the PropertY • -_
<br /> . :: .
<br /> ,.��'<;;.���`<'�,;. Which may attain priority over this Secvriry Insufsment,and leasehold payments or gcouad rents.if any. Barrower shall pay `.. :
<br /> these obligations in the mannes pmvided in p�agraPh 2.or if uot paid in tlsat manner.Bormwer shall paY them on time directtY _- .-
<br />",���` � �� .' ,,-� t o t h e p e r s o n o w e d p a y m e t n.Borruwer shall pmmptty furnisb to Lender all notioes of amounts to be paid under this pa�aSraPh• �`�_
<br /> • : .:��, . ; ::.:• �.
<br />-,•�� -.-�. .. �
<br /> If Borrower maltes thes�payments direcNy.Borrower shalt pmmpdy f u m is h to L e n d e r r e o e i p t s e v iwdess Borrow e r(a agr�s in .
<br /> -- -� �•f• Borrower shall prompdy d�scharge any liea whic6 has prlonry over this S�o���ntests in gaad faith the lien -_
<br />-- - ��..;<� writing to the payment of tke obligation s e c u r e d by t he Ge n in�����m �e ��'s opinion aperate w prevera t h e -- -
<br />- � by,or defends against enfoscemeni vf the lien in. legal p m��ry�o Lender subordinanng tt�e lien to =
<br />- - enforcemeni of the kien;or(c)secums from the holder of rte f����s subject to a lien which maY attain priority over __
<br />' ` , � this Sea.uIty instrument.If Lender ddermines that any p. P �Y . __
<br /> . 4" '?::!�r-� this Security tvstrument.Lender may gi�e Bo*rower a nouce identifyiag the icen.Borrower shall satisfy tfie tien or take one or _
<br /> ' , '`�`�''�' ''` rovements now e�cisang or hereafter erected on the
<br /> ._ ,,.r�,,i more of the aarons set forth alwve within 10 days of the giving of norice.
<br /> �;.. f S. Hazard or Propecty inst�- �orrowes shall keep tite imP ---
<br /> �~,~�'`�'�''�'�'�`• ;':' insured against toss by fire:�a�ards inctadQd w�ttnn the term"exunded coverage" and any other flazards.including
<br /> . `� .....:; pmP�Y.
<br /> tloods or ttooding.for w�icfi.[endec ea�aires insurancx.This insuiance shali be maintained m the artwums and for the periods __
<br /> u an
<br /> � ; ��•",,'. ' that Lender requires.The�ur�noe�er providi�g the insurance shall 6e chosen by Borrower subject to Lender's approval
<br /> �''��.:� :� whicti shall not be uare���i[�:v�id�tt�ld. If Borrower fails to maintain coverage described above, Lender maY. at L.eader's
<br /> � ::•:,�k.`:� ; o rion,obtain coverage to�[.et��:er's rights in the Pmperty in accordance with paragragh
<br /> 4�, '.'�,<;.:;%�•�;� .-. ctause. I�ader
<br />_ �:� ;�:. P le to I�der and shall include a standard mortgage
<br />;.�,� � , ;';�;'s,:r� .,.-. Al1 insurance pol�rces and rer.e:�zts shall be acceptab ive to I.ender aU rece#�of
<br /> •�,��•� :. ,:
<br /> .':..;�`��. �. shall flave the right to 1�1d the policies and renewals.If Leader�ai�es,Borrower shall p►nc� Y g v
<br />-�' '• • .: :-.t. •. --
<br /> _ paid.premiums and re�es+'zI:IIouc�s•��e event of toss.Borrower shall give pcompe notice[o the insu*ance eamer arid i�'•
<br /> -:� ,' ' ' - I.eader may make proaf�4 qass if not made promptly by Borrower.
<br /> � ,� "�`��`�''�'�� ' Unless i.ender and Bozrower otherwise agsee�n wr►t�ng,insurance pruceada sha11 be applied to restoration or c$pair a�the
<br /> � ,�,..,�r•,.;.,.
<br />_ ::;����`,`,.':� Property damaSed.if the restorauoa ar reparc is eoonomically feasibte and Leuder's security is not lessened.if ihe r�t'son or
<br /> � :#:n�'� , r repair is not ec.onomiailly feasible ax B.�atder's security woutd be lessened.the in�urance Praceeds shatl be applied to t�sams
<br /> . .,'d�� • setured by this Security instcument,s�'�ether Qr not then due.with anY excess Pa�d to Borrower. If Borrower abandons tt►e
<br /> • property.or does not answer within 30 days a notice from Le�tder that the inswance carrier has offered to settp=`o���
<br /> � Lender may wltea the insurance prooeeds. i.ender may use the proceeds�w t+e�►air or restore the Property.
<br /> . . ,:;��.:' � ,.� secvrea by this Security Instrument.whether or not then due.The 30-day p���b�ceeds to ptincipat Ish�alle�t emend or
<br /> . ;, �� ::� Unless L�nder and Borrower otherwise agree in wri�ing. �Y � 1 and 2 or change the amount of the paym�cts. If
<br /> . �:.;�:r�, ,._,:.
<br /> �, pastpone ihe due date of the mo�thly payments refc*red to�n P�B�P
<br /> ' ' -`:;,�'{�"`�: under paragraPh 21 the PropertY is eaNn�ed by Lxnder.Borrower's nght to any insurance policies and proceeds resuttis,y fmm
<br /> '�'_'�'�""•�"� rior W the acquis�tion sbal!pass to Lender to the exte»f.of the sums secured by thts Secortty 1ns�c?�etit
<br />- .•:. ;S,•: �damaP,c to the PropertY P � � �
<br /> '• �' � ' ;mmediateIy prior to the acquisition. goy��r�'s Loan Application;Leasettolds.
<br /> � �,?::i�5,:i � 6.Oa;apaneY,Preservadon.Maiutenance and Protedlon of the Propw43;
<br /> {:: ..,' .�:Msti�;;, ,
<br /> � �� .'��;kt�;.r:'�j` Borrower shall occupY.establish.and use the Propertythe Property'as Borro er�stprinc pa1 reside��foyr at�ieasthone year�after
<br /> � • �''�'���'% '� this Securi Instn�ment and shali confinue to aceupy
<br /> • ';�;�};r_,:�. ty �n writin whic6 consent shall not be unreasonably withheld.or unless
<br /> �: �„�.�_ . , � ,� the date�of occupancy.unless Lender otherwise agrees' g• .
<br /> � . e���t��g cinumstanses exist which are beyond Borrower's control. Borrower shall not destroy. damaga or impair the
<br /> � • �'� � �- ., Property.altow the Property to dderiorate. or oommie waste on the Property. Buaowet shall be in default�f any forfeitnre
<br /> £=: ��r• .,•.��ti,..:.� . action or proceeding. whether civil or criminal,is begun thut in Lender's good faith judgment could result in forfe�ture of the _
<br /> � . ��. �, , •. .,_
<br /> •t::' ,:-'.{��;{���,� . : Propecty or otherwise materially impair the lien created h 18.by causing the act onpar proceeeding btye dismissed�'t!i ae0'�l�ng .
<br /> .:;};,,.�: ..,.�_, cure such a default and reinstate.as provided in paragcap
<br /> ��. . . � � . impai�rmem of the{ien careatedebyrtthis Sscunty lnstrumenteor Le der s Becuriry interesteBorrowerpsrhal�l a�lsa be�n 4L��t f .. _
<br /> .. . Borrower.during the!�an aP�1�na1�n�t.ormatio�in wtnnection a►ith the loan ev denced by the Notec nclading�butertat limited _
<br /> ".' �� ' to provide l.ender . t4� Y p p nci residence.if this Security lnstrument is on a �
<br /> :'::�";`>'>��� . �. to.rePres.�tations conceming Bo�cower's occu ancy of thc Pro erty as a pri pa1 _
<br /> ,, �" �::''��,s�":;,,. ��
<br /> ,�.��-.v�, leasehqtn, Borrower shall compty witJ� all the provisions of the lease. If Borsower acquir�es fee title to the Property. the
<br /> � ' `''°�"�'zt�' �_�; teasehoP�snd the fee titk shall noz m�ge unless Lender agree3 to the�merger in writing.
<br /> 7.Pmtectioo o?�endsr's Rig�is in the ProPert3'•If Borrower fails to perform the oati•�nants and agreements cor�iz�ed in
<br /> this Sesvrity lnsttt�a�z:u.ar rob elsfor a�indemna8annar fo eiture�or�ocenf rce laws orre�ul t�onsl1 then�Lenderymay do�a�►d
<br /> �.' . �,::,, roceedmg in ba�truptcY,p i.ender's actions cnay
<br /> �`• ,:�"� .',� pay for a�hatcver is necessary co proteci the value of the PropertY and Lender s rights in the Propeny. � �n �u�� p�ing
<br /> include paying anY Sums secured by u lien which has prioriry nver this Security Insttument, appeari g
<br /> � . ���. � reasonabFe attomeys' fees nnd entering on the Property to tnake tepairs• Althoush Lcnder may take action under this�ragraph
<br /> � ::� ; 7,L,ender does ttot have to do so. y� � 5}�J ��e additional dcbt of Borrower r,ecured by this
<br /> • � ,,:, . pny amounts disbursed by l.ender under this paragtap
<br /> ',.. � . 5ecuriry Instn�ment. Untess Borrower and Lcnder agree ta other terms of payment.these amounts shall bear interest from the
<br /> � � - date of disS�ursement at the Noie ratc and shal! be payable. with interest. upan nolice from Lender to Borrower reqaestin8
<br /> .. .• � payment.
<br /> � �•' �••� g.Mortgage insnrasce•if Lender required mortgage insurance as a�ndition of making the loan secuted by this 5ecurity
<br /> lnstrumeat. Borrower sliall pay the premiums required to maintain the mortgagc insurnnr.e in effect. If. for any reason. the
<br /> mortgage insurance�ce:�r=tP�uireJ by Lender lapses or ceases to be in effect.Borrower shall pay the premiums required to
<br /> . � obiain covera�e substantialiy equivulent to the mortga�e insurance previously in effect.at a�r�t substantially equivalent to the
<br /> �. , �.
<br /> � : �• rnst ta Borrower of the mortgage insurance previously in effect. from an altemate mortgage insurer approved by ixnder. If
<br /> ` _.__ _, � Paao�o�e • Fotm 3029 9190
<br /> �.1 . _ .
<br /> �•.
<br /> `••,'; .': ':�
<br /> �• .: , . . -. _ __ __ __.__ __ ��
<br /> . • _ --
<br /> �rc ,_ .. - - - - _= - —_ - ---
<br />
|