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<br /> 97- i�73'�8
<br /> TO(#El'HER W1TH aB the knprovamente now or hertMer erected on the properry, enA ell easements, eppurtes�ancea, and
<br /> flxturea naw or herewfler� p�rt of the property.All repincemente and�dditlona sh�p aleo be r,overed by this Securlty Instrumertt.
<br /> Afl o1 1he foreqaing la reforred to In thle Secudty Instrument es the'Property.'
<br /> HORROWER COVENANT9 ihat Borrower Is lewluliy aelzed of the estate hereby conveyed and has the right to grant end
<br /> canvey tha Proporty �nd ihat ihe Property la unmcumbered, encept for mcumbunces o1 record. 8ortower werranis and will
<br /> detond gene��Hy the t01a to the Property apdnat ail clalms and demands. subJect to eny oncumbrences o1 r�cord.
<br /> THIS SEGURITY ItVBTiiUMENT combines unflorm covenenta tor natlonsl uae t�d non•unlform covenants with Iimited
<br /> vadetione by Jurindlcli�n to conatitule�unHortn necuriry instrumenl covering real properry.
<br /> UNIFORM COVENAN78. Bortower nnd Lmder covenent nnd agree as toYOwa:
<br /> 1. Paym�nt of P�Inclpal and Int�r�at; Pr�paymsnt�nd L.�ta Ch�rgs�,Borrower ehuA promptly pay when
<br /> duu the rinciprl oi rnd Interost on the debt evldenced by tho Note and any prepayment and late charges due under tho Note.
<br /> 2. �unde for Tax�s and I��aurane�.SubJect to sppYcable law or to�wr�en wUver by Lender,Bortower shall pay
<br /> to Lender on the d�y monthly payments ere due under the Note, uniN the Note Is p�d !n full, e sum ('Funds") for. (a) yearly
<br /> tsxes and �ssessmenta which may atteln priorfty over this Securlty Instrument ae a Fen on the P►opeRy: @) yearty ieasehold
<br /> peymenta or graund rmts on the Property, II any: (c) ye+uly haterd or property Nsunnce prevNums; (� yearty flood Insurance
<br /> premiuma. II�ny: (e) yearfy moRgage Insurance premiums.It any;and(� eny auma paya6le by Bonower to Lender In eccordance
<br /> wkh the provislane o} paragraph 6, In Ilou oi the payment oi mortgege Insurence premiums. These iterns are calied "Escrow
<br /> Items.' Lender may, et any time, collect end hold Funds In nn nmount not to caxceed the maximum amount a lender for e
<br /> federaYy related mortgage Ioan may require tor 8orrowe►'s escrow account under the tederal Real Estate Settlement Proceduros
<br /> Act of 1974 ds amanded irom time to time.12 U.S.C.�2801 et seq. ('RESPA'), unless anolher Iaw thet epplies to the Funds
<br /> seta a lesser amount. if so, Lendet may,et eny Ume, coMect and hold Funds (n a�emount not to exceed the lesser umount.
<br /> Lender may estknate the amount of Funds due on the basfs of cutrent data and reasonable estYnates of expendituros oi tuture
<br /> Escrow Items or othenvise In accordance with epplicable law.
<br /> The Funds shaN be held in nn institution whose deposite are Insured by e federai ngency, instrumente�ity,or entity(inciuding
<br /> Lender, if Lender Is such un Institution) or(n any Federal Home Loan B�nk. Lender shall�ppty the Funds to pay the Escrow
<br /> Items. Lender may not charge Borrower for holding and appiying the Funds,ennually enatythg ihe escrow account, or veritying
<br /> lhe Escraw Items, unless Lender peya Honuwer Interest on the Funds and appllcabie law permits LenQer to make such a
<br /> charge. However, Lender may requke Borrower to pay a one-tYne cl�arge ta an Independmt roal estata tax reporting serviee
<br /> ua�ed by Lender in connection wfth this loan, unless applicable law provides othen�ise. Unless an agreement Is made or
<br /> appNcahle law requlres Interest to be paid, Lender shafl not be required to pay Borrower any interest or eamings on the Funds.
<br /> Bot►ower end le�der may agree In wriUng, however, that hterest sh�A be paid on ihe Funds.Lender shaY gNe to Borrower,
<br /> without charge, an annual accounting of tha Funds, showing credits and debits to 4he Funds end the purpose for whlch each
<br /> debit to tha Funds waa made. The Funds are pledged es addidonel secutily for al sums secured by the Security Instrument
<br /> If the Funds hetd by Lender exceed the smounts pertnitted to be held by epplicable law. Lmder shall account to Borrower
<br /> iw the excesa Funds In accordanae with the requkements of appNcable law.It the amount ot the Funds held by Lendar at nny
<br /> tkne is not sufficlent to psy the Escrow Items when due. Lender may so noUy Borrowe► in writing, and,in such case Borrower
<br /> shaq pay to Lender the amount necessary to m�ke up the deflder►cy. Boirowec ahel make up the deAclency In no more than
<br /> tweNe monthy payments,at Lender's sole dlscrotion.
<br /> Upon payment In tuH oi aA sums secured by this Secvrity Instrument. Lender sh�t p�omptty retund to BoROwe►eny Funds
<br /> ���id br La��sr. It, und��^rsgr.ph 2t, i�dcY�h�acc�sxc ar cN!tha t'rop..^st,r,L��r. ��:ta !!sc a�ufr.tlmss ar;:la o!ltsa
<br /> Prppwry, shaH apply any Funds heid by Lender at the time of acquisftion or sale es o credt ag�inst the sums sec�rrcd by this
<br /> seoudry Instrument.
<br /> 3. Appliertion of P�ynv�Ms. Unless appWcable taw provldes otherwlse.all paymmts recelved by Lender under
<br /> paragraphs 1 and 2 sheN be eppNed: first,to any prepayment charges due under the Note;6econd,to amounts payable unde►
<br /> paragn�ph 2;thkd,to hterest due;touRh,to pdncipal due;and last, to any late chvges due under tho Note.
<br /> 4. Ch�l'�f; Ll�nl. Borrower shap pey atl taxes, assessments, charges, fines �nd ImposiUons attributebte to tha
<br /> Property wh�h may�tt�in priority over this Secur(ty Instrummt, and leasehold paymenls or ground rents,If any. Borrower shaN
<br /> p�y these obWg�tlons in the mmner provided in puagraph 2, or H not paid in that manner, Barower ahal pay them on tkne
<br /> directly to the peraon owed p�yment. Bortower sheA promptly fumish ta Lender aN notica of�mounts to be paid under thts
<br /> peragrnph. If Bortower makes these prymenta dlrecUy, Borrower shall promptly fumish to Lendcr recefpts ev(denctng the
<br /> p�ymaits.
<br /> Borrower shaM promptly discharge eny lien which has prlorfry ova this Security Inslrument unless Bortower: (a)egrees in
<br /> writing to the payment oi the obligedon secured by the lien In a manner acceptable to L�nder, (b) contesta k► good hNh the
<br /> Ben by, or detends agalnst enforceme�t o1 the Nen in, legal{�roceed'ngs which In the�ende►'s opfnion operate to provent the
<br /> enforeement of the Nen; or (a)secures hom the holder ot the Ilen an agreement s�tisl�otory to Let�der subordinatMg the Nen to
<br /> thls Securily Instrument. it Lender det�es th�t any part of the Properiy is subJect ta a Nen wh�h.may att�in priority over thts
<br /> , Securiry Instrument, Lender may ghre Borrawer a notice(dentiTying the Ile�.Borrower shatl soUsiy the pen or take one or more oi
<br /> the actions aet iorth sbove wkhM 10 days uf the giv(ng of notice.
<br /> 5. Hazard or Property Insur�nce. Bortower shall kcep tho improvements now existing or hereafter erected on the
<br /> Property (naured against loas by flre, haznrds fncluded wRhin the term 'extendad coverage' and any other hazartis, Mduding
<br /> }loods or Aooding,for which Lender requires insurance. Thls tnsurence shep be maMtolned In the amounts and for the Ferloda
<br /> thet Lender requkes. The Insurance csrtier provlding the insurance ahall bo chosen by Barower subJect to Lende►'s approv�fl
<br /> whlch shaN not be unreasonaby wfthheid. It Bortower taNs to maintaln coveraga described ebove, Lertder may, et lender's
<br /> optlon,obtaki coverage to protect L�ende►'s rights in the Properiy fn accordance wdh paregraph 7,
<br /> AM Msurance policles and rcnewals shaM be acceptehle to Lender and shaN indude a otandard mortgage clause. Lender
<br /> shaN hsve the dght to hold the polfcles and ronewals. It Lender requkes. Borrower sha11 promptly ghra to Lende►aq rec�ipts ot
<br /> p�id premiums end renewel noUces. In the event of loss,Borrower shall ghre prompt notice to ihe tnsurence caMer and Lender.
<br /> Lender may make proof of loss(t not made promptty by Borrower.
<br /> Untess Lender snd Bortower otherwise ngree in writing, Insuranoe�roceeds shat be appiied to restoraUon or repatr oi the
<br /> Property damaged�ff tho restoration or repuir Is economtcaqy fess(blo and Ler+der's sewrity b �ot lessened. I}the restoratfon or
<br /> repalr Is �ot eeonomicaly feasible or Lender's securityr would be lessened,the insurance proceeds shall be eppiled to the sums
<br /> secured by this Security In�trument, whelher or not then due, wlth any excess paid to Barower. If Borrower abandons the
<br /> Property. �r does not answcsr within 30 days a notice hom Lender thet the Msuran�e carritt hes oNered to settle e clafm,then
<br /> Lender may coMect the tnsurance proceeds. Lender may use the proceeds to repaY o� ratore the Property or to pay sums
<br /> secured by this 3ecurity Inshument, whether or not then due, The 30�day pafod will begin when the notice is given.
<br /> Unless Lender and f3ortower othenvise agree in writing, any appllcetion ol proceeds to principal shell not extend or
<br /> postpone ihe due dato ot the mon4hiy payments reterrQd to fn paragraphs 1 and 2 or chmge the amount oi the payments. fl
<br /> under paregraph 21 the Property Is acquired by Lender, Bormwer's dght to any Insunnce poiides und pmceeds resuRing from
<br /> damage to tha Property prior to tho acqulsition shall pass to Lender to the extestit of the sums by this Sacurity Instrument
<br />' Immediately pdor to the aoquisklon.
<br /> s. uccupancy, rrossrvaiion, inaintsnance ana Protectton ot the Property; Borrowe�'s Loan
<br /> Appltcation; Lsaaeholda. Borrower shnil occupy, estnbflsfi, end use the Properly as Bortoxer's prfnclpal residence within
<br /> sixly days efter the execution o1 thls Security Instrument and shall contlnue to occupy ihe Properiy as Borrower's principal
<br /> resldence tor at least one year efter the date of occupancy, unless Lender othe�wise agrees in writing,which consent shall not
<br /> be unrcasonabry withheld.or unless e�enuattng clrcumstances exist whlch are beyond Bonower's control. Bortower shuli not
<br /> destroy, damage or impafr the Prope+ty, ellow the Property to deieriorato, or commit waste on tho P�opeity. Borrower shall be In
<br /> defeuft it any torleilure action or proeeeding, whether clvil or cdminnl.Is begun that in Lender's good falth judgment coutd result
<br /> in torteilure ot ihe Property or otherwisa materlaNy impalr the iic-n created by this Securiry Inswment or Lender's securily interest.
<br /> F1]16.1�!6(1l9�) p.�q�•2^�5 ��/\� �� -���� .
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