|
:':� . . . .::::'�:.:�._-'�-.-"= ,-. ..., ! ., �.,.:..: � - -_-____-
<br /> ...,- �`. _r.:;=:
<br /> �s .,�Mnw��t � y� ,�,::. ,;c,s�s��.�ilri�.i:�.s
<br /> — - '�— _ - - - `'��-���l��a'-"` -
<br /> �=�..�.`e...m;.�=
<br />,. �.. r!:!l.Y4��Ot:IT±�+r . � _.,.-
<br /> - -- - -- - __ _ _
<br /> - -------
<br /> -- ---
<br /> .__ � ....wrlw
<br /> yi'- 1u7:s-..� -
<br /> • BorroNw� ��crow�ccount und�r thi f�d�ral Ral Ettat�S�HNm�nt Proc�dur�s Act ol t974 as am�nd�d hom tNn�lo lhf�, 12 U.S.C.
<br /> �6p1 N�p,(•FiESPA"),unl���noln�r f�w ih�l�ppM��!o lho Fund�t�ts�Nscu�mount. 11 so,LendK may.�t�ny tkn�,colNct rnd
<br /> hotd Funds h Itn amaunl not lo�uccNtl Ih�NnM emount. L�nd�r m�y�atim�t�lh��mou�U of tunAs duM on th�ba�k ol cumnt cMta
<br /> �nd rMtonabf��slhutla o}ucp�ndilur�f of tutun�tcrow It�rria or oth�rwis�In accord�ncs wph�pplic�bw Mw.
<br /> ih� Fund� sMN b� Mld h �n InttRutian who=� d�po�R� u� htur�d by � hC�ral �g�ncy, hshum�nt�lity, or �ntRy (InCktdinp
<br /> L�nd11r, M I.�ndM N tu0h �n h�tRutbn) or In �ny F�dM�I HortN Lom B�nk. Land�r sA�N �RPy th�Funds to pay ►h�EsCrow IIMns.
<br /> L�ndK may not ohup�8orrowM for hOldinp �nd �pplylnp ih�fundt, �nnualy an�ysfnq th��acrow �ccount, or vKirylnp Ihs Etcrow
<br /> It11m�,unlN�LMtd1r p�ly� 8orrow�h1�n11 on th�Funds�nd�ppfic�bM bw p�rmits Landtr lo m�tko euch �ch�rpe. HowwK,LondM
<br /> may rsqufn Borrov+« to pay� on�llm�ch�rp�lor�n Indrp�ndK►1 rul�stalo ta■r�portlnq a�rvlC� ua�d by LYndM h Conn�ctbn wAh
<br /> lAk bin,unM�s �ppMCabM Mw provki�� olliwwlwc. Unl:::an aprc:m�nt I; m�do o►APP��ab��"' requkas htorsst to ba pAld,undx
<br /> ahaN not b�nquir�d to p�y Burow�r�ny htK�sl or Nminps on the Funds. Bonowu�nd L�nWr maY aOrN h w�il�np�howw�t� lhN
<br /> ht�wt ih11N D� ptfd on t11� Fundf. UnWr shaN qlw to 8orrowK, wkhout chup�, m �nnwl accounthp ot ths Funds, showhp
<br /> andNs�nd d�bRs to tM Funds and th�purpoN la whbh Nch d�bk to th�Fundi was mad�• Tho Funds aro pwdpad as�dditbnal
<br /> s�aurRy tor�M aumt s�cund by thk&�cwiy Inttrumsnt.
<br /> li tM Funds Mld by L�ndw �xCNd Ih��naunts pKmMbd to Ee hNd by appiicabte I�w. L�nder ehaN acaount to Bonowa for lh�
<br /> �otcKS Funda in �ecord�nc�wRh lM roquk�tit�of �ppNCabk ww, If th� amouni ol Ih� Funds hdd by l�ndx at any tim� b not
<br /> suMbNnt to pay tM Escrow Inms wMn dus,L�dK m�Y to notiy BonowK In wrdhp,tnd,h such cass Borrow�r sh�tll pay tu L�nd�r
<br /> thr�mount n�cnury to m�k�up Ih� O�HcWncy. BorrowK shaM rtuko up th� cMfiCNncy h na more than tw�tw monthly payments,�t
<br /> L�ndw�sow dlscntbn.
<br /> UpOn paym�nt Ir1 fuM of�Y SumS S�CUrod by thfs S�curity InstrurtNnt,Lerider shall prompty refund to BortowM any Funds hdd by
<br /> ��, ��, ���p�qqr�ph 21, L�ndK ShaN acquY� or sall tho PropMy, L�nder,prbr to the acqulsRbn or sak ol th�Prop�rty, ShaM
<br /> �ppy any Funds hNd by L�ndK�t th�tMn� ol acqutsitbn or saw as y cndit ayainat th�sums s�cund by this S�curity InsWm�►t.
<br /> 3.Apptic�tio� ot P�ytments. UnNSS ipP��bM kw prOvWes Gthorwiso. atl payrtCrtts recehred by I.�ncMr unWr p�ripraphs
<br /> 1 �nd 2 ahaN b��ppM�d: tint,to my pnpaym�nt charqas dw unde th� Noto;s�cond,to amounts payabN und�r pwnq,raPh 2;third
<br /> to MtK�st d��; tourth,to princtpal dur, rnd last,to�ny yt�aharq�s du�under the Nob.
<br /> 4. CENfQQi; LI011�. BorrowK shaN pay �M tuus, asa�ssma�ts, chup�s, fines and imposkbns �ttrauubk to th� Prop�ty
<br /> wAlch may �ttain prlorkY ovK thb S�curlty In�trom�r►t, md M�s�hold paYmw►te or pround r�nts, M �ny. BortowK sAaN pay tA�
<br /> obNp�tions h tM manr►�►provl0�d h panpnPh 2,or M not pa{d in lh�t manner,BoROw�r sAall pay Ihsm on tirtN dtrocty to th�parson
<br /> pMwd paymmt. BOROwK shaM prompty lumish to l�nd�r�M notic�s of�meunts to he pald under this panpraph. If Hortow�r mak�s
<br /> th�ss paymmts dt�cty,Bortowe�Bh+iM prompty tumish to LendK r�celpts evidenchq the paymx+ts. y�WriUn to
<br /> BortowM shal prompty dlschupe�ny IAn wh�h has prbrily over thls Security InstrurtNnt unless Bonowar.(s)a9ross 9
<br /> tM paym�nt of th�obYpatfon securW by tha li�n in a rtwnnar acC�ptabW to Lender; (b)contests in qood faith tha Nw► by, or d�Mnds
<br /> �Inst�ntote�rtNnt of tM li�n in,Iopa�proewdhGs Which h lhe Londws opinbn oparats t0 prwant th�entorc�nt Of tM IIM�; Or(C)
<br /> facufa fiom tM no�wr of tiw iw�an:j�rw�d s:iqrrics; �a l�SS� `-'-'hnr�itnwrtno the Uan to thls S�CUrity Inspum�►t. If Lendar
<br /> d�brtnh�s that my part of th� PropeAy fs subject to a lien wh�h may attak► prior'Ry ove� this Security Instrumer►t, Lender rru�y 0%vs
<br /> Barowsr a notiC�Id�nNyfny lha liin• 8orrowK shall utkty the Ilw'i or take one or mors ol the Rctbns sat tort�abovo wkhtn 10 days
<br /> of tM 0►v1rW of notics.
<br /> 5. H�d or P�operly Inwronae. Bortowar shaN kaap ths knprovert�ents now ex�sthg a h�nattar snct�d on th�
<br /> ' PropKty Inaursd ap�tnst bst by Hn, huude Includ�d withh the tarm 'extended coverape"nnd any otMr hwrds, tncludinp floods or
<br /> tloodinp, tor whleh L�nd�r requins Insunac�. Thfa Insuranca ShaN ba mahtalnad In the amounts and tor th� perbds that L�ndM
<br /> nquins. Th� Insurancs cattbr providhy th� Insu►anc�shaN b� chosan by Borcower subjeCt ta Lendet's epprova� whbh sh�N not b�
<br /> unnason�by wNhAald. If 8ortowar fails tu maht�in eoverags described above, Lender rtwy�at Lendars option, obtafn covMap�to
<br /> prolict l�ndar's rlphts In tha Propwty h accordance with parayraph 7.
<br /> A1 inEUrance poucies and re�owals shaN bs acceptable to Lentler and shall tnclude a standerd mertqa�cleuse. LsndK sh�a haw
<br /> th�riqht to hold th� poliobs and ronswahs. It lendar requ'res, Bonower shell prompty pHe to Lender �N ncepts of paid pnmiums
<br /> and rorwwal notb�s. In th�wait of bss, Bortower shall qNa prompt nottce to the hsurance certler and Lender. Lw�da►rt�Y rrNko
<br /> , proof ot bas If not mad�prompty by Borrow�r.
<br /> Unbss I.�nda snd Bortower otherwiso�pro�In wrichp,hsunnca proceeds shall bs applNd to restontion or rep�fr of th�Propxty
<br /> d�m�p�d, M tM nstontbn or npuY is eaonomlcaly fs�abN and Lender's seouray Is not Nssensd. lt tM natonti�n or npalr fa not
<br /> �conomlcaNy lsasbN or Lentlsr's securtry would be lessoned, the Insurance proceeds sfia11 be apptied to th� sums secured by thfs
<br /> Socur4y Instrummt, wMtMr or not then due, wph any axCess paW to BoROwer. lf Bortower abandons ttw P�op�rty, ot dws not
<br /> � �nsw�r wkhln 30 daya • notfcs from Lsndx th�t th� hsuronce cartfer has oHerod to settle a cltkn, than Lend�r maY colNCt th�
<br /> � inaunnc� proCNds. Lendar may use tha proceeds to repair ar ►astare the Property or to pay sums secured by this S�eurity
<br /> Instrument,whothK or not th�n due.The 30-0ay perbd wI0 beyin when the not�e Is pNen.
<br /> ; UnrSx Lrnd�r and Bortower otharvvlsa apqa k+ writing,any eppllcatlon af proceeds to pnc�ipa�shaN not extend or postpon�th�
<br /> f dus d�t� oT th�manthy p�yment5 referted to h parayrephs t and 2 or change the amount of the payments. It under paraOnPh 21
<br /> th�Proppty Is aaquWd by lendx,Borroww's rqht to any hsurance policleS and proceeds resuhinp from demape to tha Proporty prbr
<br /> to the acquiskbn ah�� ptss to Lctnder to tha extent of the sums seourod by thls SeCUrity Instrumen4 Mnmedfatsly prior to th�
<br /> lCquf6RlOn.
<br /> 6. Occup�ncy� Preservatlon� Mafntenance end Protection of the Property; Borrower's Loan
<br /> Appllcatlon; LCa�Eh01d6. Bortower shall occupy, establtsh, and use the Property ac Bonower's principel res►dence wkhtn sbcty
<br /> dnys aRer ths euecutlon of thls Security Instrument and shnll continue to occupy the Property as Borrower's princlpat resldw�ce tor at
<br /> � bast on0 year tftsr the dute ot oeCUpanCy, unless Lender otherwlse agrees In writing, wh�h consent shall not b9 unrea6onnbly
<br /> wNhheld,or unbss extenuethp oPcumslances exlst whbh are beyond Bortower's contro�• BoROwAr Sha11 not destroy,dema9e or YnpaY
<br /> the Property, aNOw the Property to deterbrate, or commlt waste on the Property. Borrower shall be tn defauh if any foAefture aCtbn or
<br /> proceedinp,whetAer CNII or criminal, fs begun that In Lender's good falth judgment could resuft in forfeiture ot the Property or othorwlsa
<br />- materinlN MDak the li6n creatad by thts Security Instrument or Lenders securlty Interest. 9orcower may cure such a detauh and
<br /> ��J� � �J 4:Jh
<br /> �ehstate, as provided In paragraph 18,by caushg the BCdon or proCeeGhg to be Dism�ssed wan a ruing inai, �i �m��.o�o r.'.....�...••
<br /> determinetbn, procludes (arteiture ot the Bortower's Interest in the Property or other mate�la� impalrment of the lien creeted by thts
<br /> Securky Instrumint or Lender's security interest. Bortower shall also be In defauk if Borcower, durhg the ban applicatbn process,
<br /> ptw matKitNy (afso or h�CCUrab htortnatbn or statements to Lende► (or falled to provlde Lender with any materlal hiormatbn) h
<br /> conmctbn wkh tA�ban wfdenced by the Note, fnCludfnp,but not Iknried to,repre58ntetbns concemhg Borrower's xcupanoy of the
<br /> - PrOperty as a prhCipal resldence. If thls Security InsWment IS on a IeaSehold, Borrower shall compy wkh all tha provlsbn5 of the
<br /> qas�. !f Bottower�CqutreS tee litle to the Property, tha Ieasehold and fhe �ee title shall not merge unless the Lender aprees to the
<br /> _ ��h yyry�(n0, Form 90YD 9/GO
<br /> F102�.LM0(6l07) Pa9�7 0l S
<br />---
<br />•--.� S/O �e.�: "-'..__......_._--- -
<br /> .
<br /> � - ---------�- ---__
<br /> ....... ...,_:�x!�--�`--- ---
<br /> -- .. . _. .___..._...... --..:...�.....�.,.,...,..._�.,_�._..._......._ ...........:.-.,..,. ... �aww�wv_�?.^^..�.
<br />
|