|
_.-. F�:: _. 3 --�-1 _ , . .� �x .._ _ ____ _ _ --- . . '" _ _� _,
<br /> iC 55 a' ".'S ti ..""_J. `._)� °_^.'�°R�C '�rn'w�'`'W'? <.�.�: _YX. _� �
<br /> F. ��.. �.,,-- +e_..' '�' - _-^�_- ..�..� ,. F F .' Y..
<br /> , i `�'��` ` •c 1 x r '. C-. , ny_�._..
<br /> "���a+ x �` .. i. � � �` ' {. _ � ��, �_.?�.'�.'T';%.'_
<br /> .�ti,"- ..�, '..�:,:' ' �
<br /> 7�_ 0 � �
<br /> �1`� k' � � ' 'I�e Fuuds shall he l�etd in an in�iwtion whase deposits are irsured by a federal a��gr,�Ins'�u�men�'styg�ar entity =..
<br /> �`'•�:�•''°< h;, (inciuding Lendeo,if Iander is sach sp1 institarioa)or in any Fedetal Home LQan�ank.L,ender shall apply the Funds to�ay tIie _
<br /> •`��'u ' '° � B4crow items.Lender muy not chat��orrower for hoiding se�d spPlyinB the Fcutds.mrowally anaiyzing the escrow a000vn�or —
<br /> �"�'��� verifyiag the Esc�!aw ioems.untess Leaster paya Bomnmrer Qat�aest on t6e Funds and applieabtc!ua peemits�s t�make such =
<br /> :�.. `-_� .: � a chatge Huwever.t�►da may re�i�Boimvrerta pay a one-time char�e for aa iudep�rea!estate tax repo�ng service =
<br /> .,,:;;` ,`;� r. '` used by Leader In wnaection arItb this ioan. unies.s appl�rable [aw pzovide.s otAeerwise. Unless an agr�ai�nt,ss made or a
<br /> �• ` applicable[acv raquires interest w be paNt.�Leader�Ual1 cwt 6s nquired to pay Eonrower suy interest oX gs on th�Funds. _
<br /> U gam�n
<br /> ,��F;;'�.`.:�, Bumowe��lxrtder.�y agree in wriang.hoa�vee.th3t interest shalt be�ud on tite Funds. Leader shall Stv�ta Bonawer. �
<br /> , ,. ,.,�;. �vithrnrt charge.an�nnaal a000unting of t�e F�nds.sl�r�cied�ts m�debits to the Funds aad the pwpose for wEueh�h . _
<br /> ,�;,,��.���,°�° debit ta the Fands was made.T6e Funds ure p2edged as�dditios�al secarity for all s�s secvred 6y this Security Insmutteat.
<br /> If tl�e�unds ketd by L�uder exc�ad the amouats petmitt�d m be hetd by upp�ie taw.Lend�r sh�ll account to Borrower
<br /> , ` for tbe e�coess Funds in aaordance witb the�equitemsnis of appUcabie law.If t6e mnount nf the Funds h.eid Dy Leader at nay � �
<br /> . ���:�.�� �.i time is noi saffcdeat to pay the Fsctiow IiQms when dae.Lender may so notify Borrower in writing.a�.in such case Batrower • _
<br /> �"'� shalt pay to Lender the amo!uit aeoessary to ma�ce up the deficiency.Bos�nwer shall make up the defcciency in no more than _
<br /> '•'= -- : `- twefve moatt�iY paYmm�ts•at Leader's sofe diseretlon. � �
<br /> ,;'�`.:.:.=�` Upon payment m full of ail sums seaued by this Securiry Tn�.�*+,�.,��. i.�der shal!p:o�dy retund to Boirower any -
<br /> � ` .`' Funds Retd by L�ertder.If,under paragrapb 21.Lender shatl aoquire or sell the Property.Lender.prior to tde acquisition ot sale -
<br /> �,�G:. � .�P� __
<br /> ; _ of the Pmgerty.shal!appiy any Fumis!t�ld by Lxnder at t6e time of acguisifion or sate as a credie against the sums serured by _
<br /> . =_,. - • this Securiry Ins�eni. -
<br /> 'v't :�, �.:``' 3.Ap�slict�ton of Ifiyruents.i3nless applicable law Qmvides otheiwise.a1!payments reoeived by I.ender under paragrag6s -
<br /> ` - 1 ar�d 2 shell be applied:fiist.to any p�payment ctrarges due wtder the Note: seooutl.to amaunts payabte under paragraph 2: -
<br /> . � �` �� � chitd,to interest dae:fourth.to ptincipal due:aad last.to ar►y late charges due under the Note.
<br /> 4.Cha�H.te�s.Borrower shall pay all taxes.assessments.cGatges,fines and impositions aun'buta6le w the Property
<br /> . - ;','; wiucL may attain priority over this Security t��+,�,�.+t. and tea�old payu�s ar gmund rerUs,if any. Homower shai!PaY
<br /> tHcse obligations in t6e manned provided.in paragiaph 2.or if aot paid in tl�at manuer,Borrowee s6ai1 pay them antfine.direNy .;
<br /> �:��.:_.;� "; .. tu tke person owed paymetu.Borrower sdall pmmptiy fumis6 to Leader al!tiopices of amounts to 6e paid undec tlii��arageapb.
<br /> °'` ;�.. ':� If Bnrroaoer makes th�e payments directty.Barrawer sldl prnmpdy fianish ro Le�derrecxipts evideaciag the.�ts. .
<br /> ..: . " Eorrn�erer shalt p�mptty d�scharge aay liea w�ich has priorlty over this Secu�rrty Instrumeai ualess Bortowelr•+(a)ag�in
<br />��'�_�-�°��.:••�i.:�;�` : writing to the QaymEnt of the obligadon secured hy Ute tien in a m�nec ac�:eptabl�'.ta:Leader:(b)oontests irt gaac��aith the tiea
<br /> ' ;���;�.�.. " -•'l:"�;. ' by..or defeads ag�inst enforcement of the liea in. tegal proceedings which in tiie Lender's opiniou operate E�i.prevent the
<br />_ �`'`�'' .�5aiceme�of th$Hen;or(c}secvres from the hoider of the lien an agreement sa�tory to Lender subonditraCFng the lien to _
<br /> , .- '""":� .r.�;�Seauiry Iasuumeiu.If I.eader�detemunes that aay part of the Property is sub}e'ci to a tien wh�ch may auain pnority uver ' _
<br /> ti�.Security Inswment,Lxnder may give Bmrrower a natice identifying the tien.Borrower shail satisfy the liea or tako ane,er
<br /> ��=:�-.;;'?:� ` more of the aciions set forth above within i0 days of the giving of notice. �
<br /> S. Haard or Frogerty i��R�- Borrower shall keep the unprovements now exiscing os hereafter eiected on the -
<br /> `,;�`:-:, ;'' " :>.', �'4F�Y insured$gainst loss 6y fire.hazards incfuded within the term°eatended coveiage"and arty other haiatds,inciudtng ,
<br /> .• �,.;, . ,.,, ---
<br /> - -- ..;�,;;;.-�� $t,�s or ftaodir►g,for afiids i.arter reqnires i�urance.'i'his insara�tve shal!be maintaiaed in Me amounts arat�fvrthe periods .:-.--
<br /> �: .. .: t�g.ender requires.The insurartce rarrier provid"usg the insurance shalt be chosen by Bomower subjecx w L�iie�'s appraval ,?.r:-;_
<br /> • >.,
<br /> V',�.rh!:_�., .�'., n��"sr�shal}ao�6e unreasostably withheld. If Borrower faits w mainta3rt ooverage descdbad above. Lender tite.��:ai Lender s � . ••--
<br /> • ��' option,o6tai�.c�ueraBe to pmtect Leader's rights in We Property in accordance with paiagrapb 7. .;:,•...
<br /> ; . � ��:'�� AU'insuias�policies and ceaewals sl�aU be acceptable to lxnder and shall inctude a standaN mortgage�c�tse. I.ender
<br />_'",�::.'•.,`,,.'.' ��.'��r� � s�ail�ave ttte�,�it to hold the polici�s aad renewals.If Lender Kquires.Borrower shall pmmpilY give w�:�1 reaetpts of :��•
<br /> �` � ' p��sremiums�r�renewal natices.Iu the event o�Ioss:Hanower s6a11 give promptaotice to ttie insuraace p��ad lxnder. � •-
<br /> `t� !� � ! : � �xai�may make pmof of loss if not made pmmptly by Ea�rowar. .•,. � ' '.
<br /> ,t�j,1,�;;, _ ..;r` :�.� .:;.;;+.�'�i�1es�[,reinlpt and Borrower othenvise agree ia writing.insuranc�P�sf�all be applled to restoration ot"iepais of the �
<br /> • ?,� •• ' ���ity darz��,if the restoration oF repai*is ecoaomically feasible amd Ltnder's semmty is nnt l�d.If the r�sw�ar
<br /> �� `��� ` .,,:�.11: ., repair is not eaotn�micany feasible or Leader's seauity wouid be lessened.the insurance pmoeeds shap be applied to the sutns
<br /> . ; •°�. secure�l by tltis Security Instnunent.whether or not then due.with any exoess paid to Borrower. If Borrower ab2rdons tAe
<br /> � '!' ' � Praperty,or daes nnt answer withjn 30 days a norice from Lender that the insurance carrier has offered to seW�.a claim,then
<br /> �" • Lender may coilect the instuance Raceeds. L�ender ma use the rooeeds w
<br /> p y p repuir or restore the Property.dC'+co pay sums
<br /> `°�''°'�`� socurerl by this Serurity Instrumen�whether or not Nen due.The 30-day period will begin when the notice is gi��a.
<br /> "' '. Unless I.e�t¢er and Barrower otherwise agrce in writing,arry appiu:ation of tfmoeals to principal shall net eatead or
<br /> ,, ' . ��'���; postpoae the d�e-�date of the monthty paymenu referred to in paragrap6s d and 2 or change the ammmt of the payments. If
<br /> �`�� ..� ''`.:`;� und�r.Fatagrah�t�1 the Froperty is acquireA by Lender,BorrawePs right to arry insurance poticies and pmcea�ls��esuldng frora
<br /> + �� r:�'. daxtm�W the Pl�operty prior td t�e acquisition shall pass�m,iender to the extert of tlr�;�ms secared by ehis Se�air.'r2y instnunent
<br /> ,,�rr ; � �-`3�,� ',m�tety ptiqi to the acquititJx.-n, � . :•�. =; '.: : .�,
<br /> ,.:,,<<:. .... b.., ..;t�i�, ,�reservatedn.Mainte�ace and Pr�,i�tion of the Pt�opeety�Biz�tower's Loan Aggllc�as�,�I:easeholds.
<br /> =:.-;�. ; � '�,. 8orrawer .�a�t
<br /> ��.;, ` py.establish,and use�51��raperty as Borrower's pr�ncipal residence witfuri sixty days stfter ttie execution of
<br /> A l51.�'; ��jt,� �this Security f�yfiument and shall ooaiinue ro ocaipy the Propecty as•$orrower's principal resideaoe for at teast ane year after
<br /> :.:;: ' � �..�;�;�1��: ; .rJ�.�'.�late of occupancy.unless Lender atherwise agrees in writing. which consent shatl not be unmasonably witl�,�eld.ar untess
<br /> � 3:' , ` ; '��uYtating circumstartces.eaist wliich are beyond Ban�ower's cunuol. Bormwer shall not desuoy, dama���tir impair_the
<br /> � � ��'�;-� ',�i.i7ic�ty.allow the Property�:ti�deteriorate.ot coaunit waste on the Pmperty. Borrower shall be in defuuit.)f:u�y forfetiure
<br /> t'•'�'"� � ; :",`', cu�t+or proaeeding.whetke4�v"svil or criminai.is begun that in Lendet's�ood faith judgment wnld resu{t iiF�fit�'eiture of ttte
<br /> :,:'.. ; �•' .' �
<br /> " �''"t'�- � 'r,�'.peny or qtltefcrise materialJy impair the lien created by this Security inswment or Lender's s�auzty imeres�.Borrower may
<br /> .•.;,•.�. ::;•c��� .. ;. u:i
<br /> . ��-'- �:rr sucb a det'aiAr'and reinstate.as provided in paragraph 18.by causing the action or proceedin�trl•be dism:ssed with p ruling
<br /> . :�:..::;r?� • • , �;.
<br /> . : �.�'r;. � '�t: in Lende�k k,�ooa faith determination. precludes forfeiture of the 8orrower s interest in ttte Property nr nther material
<br /> . . - • , .iitii�imtent of the lien created by this Security Instrumeni or Lendei s"serurity Im�. Borrower shall alsn L� in default if
<br /> • � B►�Cr�wer,during the toan application pracess,gave matenially false or inaccurate infntm�flon or statements to l'�cder(or failed
<br /> •.-;;,�;;�.. to provide Lend�r with any material infommt�on)in con.RSCtion witA tfte laan evidence6i by the Note.inciuding.�st not limited _
<br /> - ;j �I to,representallonz conceming Borrower's occvpancy of the Property a�a principal residence.if�hiv Secnriiy Intitrument is on a
<br /> �:;i��... leasehotd. Boqu�ver shall comply with al! the provisions of the teuse. lf Borrower acquires foe ti@e to the Property. ttre
<br /> � " teasehold and the fee titfe shali not merge unless Lender agrecs to the merger in writing. ,
<br /> ' 7.Prote�Han of i.ender.!a�tlg�4s in We PropPrty.if Borrower fails to perforni�Uae covenants and a menc�.oontained in
<br /> .� a gt� _
<br /> ,� tlit�•:Secvrity it�strument.or thure is a legat proceeding that tnay signifccAntly affed L�nder's ri�h�v in the Pm�erty(such as a _
<br /> • . ,df pioreeding in bankruptcy.pmbate,for oondemnution or forfeiture or to enfoma laws or regulat�ons).tAen l.ender may do and �
<br /> -"�• ` :;�;:���;:,�;�E pay for whatever is necessaryr to protett the valae of the Properry and Lender's tights in the Property. Lender's actions may
<br /> ,,.„ t include paying any sums,secured by a (itn�which has prioriry over tHis�Secvriry Instrument. appearing in rnurt. paying __
<br /> reasanable attomeys'fces and entering on the Property to makc rcpairs.Although l.ensier may take 3ction under this paragraph --
<br /> • -- ' 7,Lendet does not have to do so. � _-
<br /> � �• Any amounts disbursed by I.ender under this paragraph 7 shall beoome additional debt of Bonawer secured by this
<br /> � , Securiry iatttument. Untess Bomawer and Lender agre,e to other temis of payment,these amouMs shali bear iruerest from ihe -
<br /> . .: date of disbnrscment at the Note rate anA shali be payable. with interest,upon notice from Lender to Borrower requesting °
<br /> . .. mcnt.
<br /> -- � . � 8.hfortgage tnsurance.if L+ertder required morigage irccutartoe as a ooMiiion of making the toan secured by this Security ,:,
<br /> . ' .. Instntmcm. Borrower sha11 pay the pmmiams required to maintain the mortgage insurance.in effect. lf. for uny r�eason. the E ;
<br /> . �� trtortga�e insurattce eoverage rc�uired by Lender lapses or uraces to 6e in effect.$orrower sit�l!pay the ptrmiums reqnired to =-
<br /> " � � obtain coverage substantially equivalent ta the mortgage insurance previousty in eifect,at a.cv>st substantially equivalent to the �
<br /> � cost to Borrower of the raortgage insurance previnusly in effcct. from an altemate mortgage inwrer approved hy I.cnder. IP E:
<br /> - � �� r
<br /> =- -��-- • • r:r,::�: �acx� �r�a �
<br />_- �-. . . . �
<br />-.;�: .
<br />__�
<br />_; . � �� . . . .
<br /> . . . -
<br /> .. -- . .
<br /> ..
<br />_. : . .. �.�3�.�.s„�s,.�,v.�,,.�.�.�,.::. . ....._=—'-_-�
<br /> : :.�.
<br /> . , . . .. . . . �_��.��.�.�.�;..
<br />
|