|
1 J w'... w ,� . .. . . .
<br /> ni .._..,__.. . -_
<br /> �.��ir.Qi�'.��- .......--
<br /> _._L..._.._ ...�...r:.a�,:�+si,-'-�__,i.!!:.#�t,:r�.e.+::�AY✓i�' :L[C,/::?.ti'at.r,'..YIl;.n�r=.a.�. —
<br /> _ ___
<br /> __. _ _
<br /> _ � 1a�"15�
<br /> Thc Funds sUull be hcid in an institut
<br /> ion whose dcposits urc insured by a foderui ngeney'. In5'�he�utlds to p y the
<br /> (including l.cndcr,if Lendcr i�such an institutlon)or in uny Federal Home l.aan Bank• l.cnder shc pP Y
<br /> Es�_ro�s {tem4. [,c:nder maY �unlchsrl.endcr P Y+r�uaawdinnterest on'th���and�and4applicable law'pcmgthl.cruler toAtnake�such L—--
<br /> vcrifying thc F,ticmw Itcmti,
<br /> u churge.Huwevcr, I..�:ndcr muy rcquire Ac�rrowcr to paY u nne-time�:hnrge far an indepen�knt rr.��cstutc tux �y p�n i�h8 F �x15
<br /> u+ed by l.ctider in conncction t��� ���id'1����`shull nopltx: reyuirod e�i�paY sorroweriany nter�t�or ea ningent is mad�e ar
<br /> applicable luw re�ufres interest p �far which euch
<br /> Barrowcr and l.c�xlcr nuul As�uuntinbrof hc F�d5 rshowing crcdits unci d h'tts to thc Funds zndnthe pueP�'givc to BormwCr.
<br /> withnut churgc. :►n ann
<br /> debi�tu thc ru'ds I eld b�l.e�er excecd the an�iuurts�permiu�a�lx h td by applic�hle inw I-encier sha I ucc�'unt to Bnrrowcr -- -
<br /> iF thc Fun Y
<br /> co notif Borrower in writing.and,in such ca+e B�rrower
<br /> far the cxcess Funds in uccordance with therequirements of applicablc law. If the amaunt of the Funds hcld by l,en ei u ui
<br /> tinu is nat sufGcient to pay the Escn�w Items tivhen duc,L.ender may• y
<br /> shull pay to Lender the anwunt neceasary to make up the deficlency. Borrower shall make up the deficiency in no mare than
<br /> twcivc manthly payments,at L.eadcr's sole dlscrctio�i.
<br /> Upon p'y pe Lender, nor to the acquisi►inn or sa�a
<br /> a mcnt in full of all sums sec:ured bv this Security Instrumcnt,L.ender shall prmnptly rcfund to 8orr�►ve: a
<br /> FunJs 1�eld by L.ender.If,uncier paragniph 21,l.endcr shall acquire or sell the Pro rty. p
<br /> oi the Property, shall upply any Funds held by Lender at the timr of acquisition or sale�.ti u cred�t against the sunu secunsd bY
<br /> this Security Intitrument. h 2;
<br /> 3.Applicaiion ot Ps►ymenis•Unlese a pmjentchurgeP due under t e Note:s�nd nta amauns pa,yabineundvr p�rngraP p S
<br /> l and 2 shall be appliaii ftrst, ta anY P P Y
<br /> third.co interest due;fourth,to principal due;und Iast,to any late charges due under the oto. Bo�w�r shnll•pny
<br /> 4.Charges�I.tens• a°n�K��S1�Y�� Pay all taxes,assessments,charges.fincs and impasitians attributable to tho Prope►�y
<br /> which may uttain priority over this 5ecurity instru h 21•or if not patd aa ih�t mt�n�r Sanrrower shall payythem on tim�directly
<br /> thesc obligutions in Uie manncr provided in paragrap thc avments.
<br /> to the person awed payment.Borraw+cr shall promptly furnish to L.ender alt notices of amounts to he patd under this parngraP�•
<br /> lien which has priariry over this Securiry Instrument unless Born►wer:(al agrees iii
<br /> If Borrower makes these payments directly.Bonawer sh�ll prom tly furnish to I.ender neccipts evidencing p .
<br /> gonower shall p�mPtly discharge any
<br /> writin�to the payment of f fcement�of the lic nbin�hlegal��proceedlnSs µli ch n�the Lender'sbop nnontopera e�tdi�f}�revcnt'the
<br /> by, or defends aga�nst en
<br /> enforcement uf ihe lien:or(c)secures from the holder o�� of the P o�ny istsubject to a Iten whichSmay attaan�prioritye°e�
<br /> this Security Instrument. If I.ender determines that any p�
<br /> this Security Instrument, l.ender may give Be�rrower u noticc[dentifying thc lien.Borrower shall satisfy the lien or e one or
<br /> more of the uctions set forth abovc within 10 days of the giving of notice. other hazards. includtng
<br /> 5. Haznrd ur PropertY Insurance. Bortower shall kcep the impravements now existing or hereaRcr erected on a
<br /> Properry fnsured against loss by fire, hararda inc�uded wichin the term"extended coverage" and any
<br /> tloods or flooding.for whtchuLe�d�c�2�9��Qrovid nfi the 'tn urnnce shall txl hosen by�BorroW� u�ndermaeras Ip ders
<br /> that i.enaer requ►rc�. Ti�� j�� � h 7.
<br /> whieh shall not be unreasonably wlthhetd.If Bonower fails ta maia�tain curcap�c dcocrt e-
<br /> option,obtain covernge to protect Lender's rights in the Properiy in accordance wrth ParaS p
<br /> All insurance poliriesthe�ol cics•�and rentewals. If tLende r qu re.c.Sorrowelr shalldpromptly g��� ���T All rece p�°f
<br /> sBall have the right to hold p
<br /> paid premiums tm�l ren f oftlnss if nat m de pronmpUy by Borrower.shall give prompt notice to the u�surance carrier 1nd i..ea er.
<br /> Lender may make proo
<br /> Unless Lender and Bonower otherwise agree►n writing,insurance proceeds shall be applteci to restorationlor�[��he su�ms
<br /> Property damaSed��f th i r f�h�e o°CLcride�s secur iy�would bei el sened�tbe in.curance procecds shall be app e;eswration or
<br /> repa�r is nut economical y excess aid to Borcower. If Bonower abandons the
<br /> �u� by this Sccurity Instrument, whether or not then due, with anY p rt or tu r sums
<br /> Property,or dces not answcr within 30 days a notice fromul.enhe p�a��s to repui or restore the Prope yt�le a clP�,then
<br /> I.ender may collect the insurance proceeds• l.ender may
<br /> a licution of proceeds to principnl shull not cxtcnd or
<br /> secured by thts Security Instrument,whether or not then due.The 30-dny period wi��beS�n when the notice s g ven.
<br /> hs 1 and 2 or change the amount of the payments. If
<br /> Unless I.ender and Borrower othenvise agrec in writing. �►Y pP �nsurance licies and prceeeds result�ng f'rom
<br /> postpone the due datc of the mo�s ale uired by 1..�n er.Borrowcr'�s s ght to any' P°
<br /> undcr paragraPh 21 the Property � 9 . ..
<br /> dsmage to the PropertY Prior to the acquisaion shall pass to I.ender to the extent of the sums secured by this Security Instrumen
<br /> imnxdtately prior to the acquisition. Borrower's Loan�RpP����on;Le9sc'ho�d�•
<br /> 6,p�u�n�y�preservatton,MAinten�nce and Protection of t6e Property:
<br /> Borrower shaU occupy,e.stablish,and usethe Property as Bottower�3PBorrower�sipnncipaltresidence fnrs ifie�hone ye:ir a er
<br /> this Security Instrument and shall continue to occupy the Propercy ' �
<br /> the date of occupancy,unless Le►xler otherwise agrees in writing, which consent shall not be unreasonably withheld,fo�;ture
<br /> Borrower shall he in default if any
<br /> extcnuating circumstanocesrt X�`o dMCr o�e,or c mm ttta ste on the Prope�ty w�r shail not destroy, dutnage or impair t e
<br /> Pruperty. allow the P pe Y
<br /> action or pcoceedinS• n ater all��impair the lien c t d byhhis Secantyrin.t�nt or�Lender'�securty interest�Sorrawer may
<br /> Propeny or otlierw�+e Y
<br /> cure such a defuult und reinstate.as provided 1°eCludcsaf rf eture of thesBorrower s in e est�n the Property ore o heh mat r agl
<br /> that, in Lender's good faith determination, p
<br /> impairment of the lien cre�ted,C�i n�p�`������Ve�n aternally fai eda naccurote information or tatements to Lender(or fa led
<br /> gorro�vcr,during the loan pp
<br /> to providc Lender wot�h e�;msBo�owcr'mexeupancy�of hctProperty a�c Iprinc pal re denLCh IfNhis S curity�lnstrument ismon u
<br /> •-- t.�,representationy c. E
<br /> _j lea.sehold. Borro�f����i�t shalmn t me ec unless L•r,dectas eea ro the merger in�ni ns a�quims fce titic to the Property. t e
<br /> leaseho1J 3ud the �_ If Borrower fails to perform the covenants und agrecments con ch�in�
<br /> -- 7,Frotoction of l.ender s Rights in the 1'rope.�'tY• y ,g y,
<br />`�� this Securiry instrument, or there is a le�a1 PT�ceed�°s�hut mu tii nifcantl affect Lender's ri�hts in tUe Properry (
<br /> "" procealins in bankrupecy,probate. for mndemnation or forfciture and Lender s�bhtsrin heaPrupereY•eLe"d�eti m�lons may
<br /> - ' p�y far whutever il nece�sary to protect the value of the Property � rin in coun, paying
<br /> � mclude paY�nb 1nY �um� �ccured by a��i�iq p hN nv to pm�►kc�reDa��•Alth ughr�Lendertm•ayct ke��c�t under this pariSraph
<br /> :� rcasonable attorncys' tces nnu c��«�����.�•• ••.- -•-�- • this
<br /> 7,L.endcr docs not havc tu do sa.
<br /> == Any anwuent�Unlc s Bom��e J��u�nJ�r sg p`��°ruphcr tclrma o�Paymcnt��thc��un aunt�stBia�lrbc�r�ntemst fr m thc
<br /> --� Security Instrw n notice from L.endcr t�� �cro�ver reyuesting
<br /> ` date uf dihburscment at the Notc ratc and�haU 6c psyablc. with intcrc�t.upu
<br /> �",`�a paymcnt.
<br /> �:.'� S.Mort�u�c In.tiucancc. If Lcnd�eni u n, renuir�•bci�u�m:untain thc�tmort�.�+gc n urance�in cffcct �l�ufor bnytlreasanu I c
<br />-;o.'r.�
<br /> Instrumen t, B o n o w cr sh:ill pa y thc p 9
<br />,�;;�� monEugc intiurdn th��nt ul c cqu�l nt tu h�m�mEugc�insur•snce p r�i.'�'iuuslv in ct�'fcct��at a c�nt abtit��u Ily �yuivalcnt�to t hc
<br /> ;y^T°� ubtain cuvcr.t�.c. Y �
<br /> --__� co,t to Burrowcr of thc mvrtgagc intiurancc prcvi�w,ly in cifcrt,frcim an altcrnatc murtgagr insurcr uppnwcd by l.endcr. 1
<br /> -= Form 3028 9190
<br /> Pnpo 2 0��
<br /> ► �
<br />�.�:�-� _ . .-
<br /> •'-------..
<br /> � .. .... - --':—`____—,�„�„-.��---�
<br />
|