|
_..... .....�.... ...
<br /> .
<br /> � , . ��� _ .
<br /> ,
<br /> . , --
<br /> ,._..��. .,.. . . '. -- - ..,�._�,..,.....,..,�� •- --- - -- ---_
<br /> . � ...... —_..�.Y
<br /> ..,.., �- �.___._.,,_....���. r :..
<br /> "� _�:�...,.. _:,r-- -- - -
<br /> 96- �asz� -
<br /> !f the unounts ixld 'uy I»ender tar Escrow Itr,ina ox�i the anwuna pormitted w t►e held by RESPA, Lendtr
<br /> sh�11�ecaunt to Born�wer fnr tho exeeas funds u requinci I�y RFiSPh. IP�he wnounts oi fundc held by I.,ender at any
<br /> dme ue na suftictcnt to p�y tho Escrow Items w�en duc, Lender rruiy nodfy the Ilormwer uid require�rnower to
<br /> maice up the shanagc�a pe►mittat by ItESPA.
<br /> 'The kscmw Funds ue pledged � addiQorul securicy far ell sum�s securod hy this Secudty lnstrument. If
<br /> Bormwer tenders to Lenr,iac rbc full paymm[of�ll such surns,Homower.'��ccoun,c shall be crcdited with the b�lance
<br /> rert►�ining fos at[+a.3Wiraxnr. i.t�ems(a). (b),�nd(c)u�d�ny mortg�g�ins��.canre pramium inst�llment that Lec�cier.1�ss
<br /> �wt becon�e vCrL'[g�.¢d c.r p�� k� cha SecntuY� aitkl L.endar shall pr.»m}�ly r.e6irnd. amy excc�ss funds to Borrower..
<br /> Immodi�cely R�ipr to� foroclosuro c�le of the Propeny or Its �ec�;usitiarzi ay Lera,cB�r. Bo+rr.ower's arc�unt s!al1�be
<br /> cr;::::�i::�.%���v:•t��.,,r�:.:i��;u�fc�,qd4lnstdlmcnts for:te:rs Q�r�EC?� �!r?�.
<br /> 3.Ap�tion of Pay�aaNs.A�t�a.yrr.�c�ts ur�c�s:.;.$c�hs E an!2�.aIP.tre�T.itd Dy fl�n�cr as follows:
<br /> �,ta t�e►�ot�gage insurance pcemiu.en ta be paid Pax Lendea to t[ne Svcretary rar to the monthly ch�rge h�r the
<br /> Secretarf dGSCead�rf�he monthly mon�tal[e E►bsuru�cx Pnemi�en;
<br /> �,�Q, e���►y tuee,special�ssessmenr.s�Idase�►crW p�yments ar 6round nnts�uxl fire,flood wd wher ba�ud
<br /> inauru�cG p�e�zzuns.u=+equired; � .
<br /> �,to iaterest due undec the�iote;
<br /> p�,co�moqization of the princip�l of the Note;And •
<br /> �,to late ct�uge�due unda the Note.
<br /> �.�Irc,F7ood�Ot6er H�xard I�su�nce.Bo�rowa stuJl insure dl improvements on the Property.whetber
<br /> now in eaiste�ur substquendy ccected,�gainst any h�zards.cuualtia. v►d oontingencks.ipcluding fire.for wfiich
<br /> I.enckr rsqutra insur�ace. This insurance sh�ll be m�inuined in tbe �mouncs +wd for the �pe►aods tuat I�enda
<br /> ,�9uiiia. S��iai�%c� �5:3:'.D:��ii:iut «P :.m�r�y��wnRC tKf the Pro�emr, whethe��w in exisz�,:�GZ 0� SubSEql�tly
<br /> ,�rc�ed,a6�inst loss by tloods to ttie extent mquiraC 1��7kse Santary.All insunu.�n:r >'tf�11 be cauried with�Nin:ntiaiea
<br /> u�'P�oved DY.�..eader.Tt�e inrurma policia and any',s�.r�s:utls slull be hNd by d..e.nr.h;�.r�d siu�ll include lo��uywblC
<br /> clwses ia�uvar of. md in�focm x�pt�9e t0,I.endtr,
<br /> In tt�e event of loss,Bormvva sha40�a��e Letxier immodiue notia by mail.L�ender uu�y m#ke prrr�f of loss if uot .
<br /> �pro�y by ��wer.�ach insuru�ce comp�un�mncemed is herGby autharinod u�d dicocted to m:ke payment
<br /> , for such lou direcily co Lender. instead of to Born���er �nd to L,aider joiatd:�. All or any put of tbe inuu�noe
<br /> proc�ds m�,y y��pp►�d yy I,endix,at it�option,�ithet(s)to t6e r�duc.�t'an of,2.�c indebtednas uader th�N�te�nd
<br /> �ais Securiry iauttumrnt,first to aay del�nquent uiwunu applied in tbe order in p�ira�r�ph 3,rad tbm co Pceaymene
<br /> � uf principil. or(b)w the ratoruion or repiir of the dam�ged F[ope=ty. Any +�pplicuion of the pt�ocsrds to the
<br /> ��rincipai ah�l!not extead or postpooe the due date af tlue inonthly p�ymente whith•ure refecrod w ia par+�raph 2,or
<br /> +� c�`;iuy�e tbe�mouat of suc6 p�ymaits. Any euaas iaswn�ce Proceeda ova an x�►?un:requirod to pay all outstadin�
<br /> '`• an�iebtodness ander tLe Nae aod this Sa.us�ty Inutun�ent slWl be paid ta the eatirc��ile_r,ally entitkd thereto.
<br /> �� In ihe event of toralosure ot this S�cy Inu�ir�,vt�t ar aher tr+nster of-rt�t�l���a tUe Prop�sty tlurt oxtinauiihes �,:,
<br />� tbe'indeb�iln�s� all ri�ht, tide �nd ircd�u_ra�;at of 8ni�oJ�er iu�nd tu iYUUrmce policia in.t'i�rce :hall pw to t6e i . 'j,
<br /> ��,,o�cy,rraer��tioo,l►�IafacaaMSCe��t�di�raectioa ot u.e Prope.�i.g•:;Socro�r•.[.o.. ApplicNios; .r, �, .
<br /> �.e�eholdA.. Borrowr,r�h:tll occupy.a R s t►l i s h. ��n�sc.i�t e E't o p e rt y L s B o r r o W U'�p c i n c i p�l r a i c i e a o e w t t h i n s i�t ty
<br /> dtys�fter t#pt exe+�udom.oF .this Secuci4�i�l�auu��t�(u►within sifisy dxy�of�later s�le or tr�wsfer of the Propetty)
<br /> and shalf coiian�e to oavpy the��ra;;��n B o rn ower's princi p�+9.tesid�ace for ac leist oae yar atta tbe date of
<br /> • ,,,qxupmcy.iunless I,eocia deterir�inea ull�n�c-�c�uirero�nt•NiU cwsc tnrcn�o� huda6ip for Burrower.a ualeu eatmu�tla� %''� .
<br /> ,: �,7rcumst�ces exist wh(ch ue be�loi�i3�f$arrowcr's eontrol. &itmwet sh�yl?�:��tetify i�eader of u�y extm�atios �
<br /> •• �ircumct�ooes.Borrowa shall not com�nit�%aste a=:��.i►�y,��e or subst�iu��nl'1;�.ch�nRe the P�pa'cY a al3•rnv tbe
<br /> Propeity to deuriorxe.rcasonsble weac and teu ecceptai.[.,eoder mry iaspeci tht Prapercy if the Pc+npeity is�Jx�at
<br /> or ab�ndonzd or [he lan is in defau�l. ;.�nder may uke reawna��l�:a�ction to protott ud pnse►ve sucb v�c�at or
<br /> ' , ; } .
<br /> � .. � �C9�0�1.01 , hq�0 d� ' krLL�Y:�
<br />
|