|
-=-- -- - -
<br /> ,f�. - -
<br /> -�- -- -�. �.;,
<br /> _ :,f -..�„
<br /> fi �E ,c � � .a ��..�,�r'� �N, �,� j�{��t+,� ,1�.. . � F �,-r` � '' , -•-•� _. .... ,
<br /> , ,� r. >. ; ,�f, ,{��,�,;��, . .. � i
<br /> , , ... . .
<br /> � . --�..b..fQt! . ' , . ' � s
<br /> ) -x,� l - - .. �
<br /> ��' ,a� - ! . . , ._ } r . .
<br /> � • . '
<br /> , ,. :
<br /> . . -N>� .. . .. .. . . . . �s..aJ���,_.
<br /> , . . .
<br />. ' , .�i.yr.::.� I ,�,x�r . ...- . � . _.- ..�.r� --.�.... .. .-- -
<br /> �.� '
<br /> � ... �� .�. •:
<br /> . .il�l � - . ...... ._.
<br /> , .wn.._...,.«.,-..-..__ .._'"'_'..._._._._..._�...,._...._.......'"'"'__."�_..."_._..__...._.--____,. �'_� ,.
<br /> ...- F-
<br /> . .i S, __
<br />.;:;{,��: , • .... 98� ������►e =
<br /> ,�.�� -
<br /> ���,y�j; 90RROWER COVBNANTS Wat Borcower is lawtWly�eised of the eswte hcrehy convcyesl ond has the right to ��
<br /> .. gtant and canvey tiie �roperty anB t6ut tha �-riy is na�csun�retl. except fc+r enc►�mbrnrt�€s► of record. Borrower --
<br /> . .:.��"�� wnrrents aad witl defend generaUy the title to the Propeny agaiast alt clnims nnd Qernands�sub�ect to nny encumbrances �
<br /> of rccord.
<br /> _>:�;^�� TH[S SECUiti'fY INSTRUMENT combines unlform covenanta for aatlonal use and non-unifona covenanta with �--
<br /> Y:�,
<br /> . +. Ilmiccd vtuiatlons by JurlsdIctlon to wnstitute a uNfo� sacurity lnatrument covering reat pmperty. �_
<br /> �•�►�� UNIFORM COVENAN'CS. Borrower and Lender covcu�ant aud agres as follows:
<br />__�, i. Payment of PrIncipal.I�tenat �I�te Chuga 9orrower shell pay when due the princtpal of.nad interest
<br /> �,� on.the debi evideaced by the Note and late charges due uader the Note.
<br />--`:�'�� x. MoatLly Pt�yiment of Taxea.[ns�rame. and Other t�arga• B4rrower shall inslude in each monthly payanent,
<br /> wgether with the principal and fnterest as set forth in the Note and any late charges�a sum for(a) taxea and speclal
<br /> '"`r` ass�smente levied or to be levted against the Property. (b)leasehold payme�►ts or ground cents on the Property. end
<br />` ..,
<br />:; r� (c) premiums for lnsurance required uader paragraph 4. ln m►y year In whIch the I.euder must gay a mortgage
<br /> �'�� insucanoe premium to the Secretary of Housing and Urban Development ("Secretaiy"),or in auy year ia which such
<br />:_��.�;��� premium wo�ld have been required if Leuder still held the S�ecurity Iasmunent. each montblp payment shall also
<br /> - iaclude efther: (i)a swn for the annual martgage insurance premlum•w be paid by Lender w tha Secretary.or(ii) a
<br />��R� monthly charge iastead of a mortgage insuraace p�mium If tbis Security Insuument is hrid by the Secretary. 1n a
<br />-'s'',�� trasonable amovnt to be deteimiaed by the Secretary. Except for the moatWy charge by the 5ecretary. these items .
<br />�•t��ns,�
<br /> -�� are celled "Escrow items"and tIta suws pa�d to I.eader are cailed •Escrow Fuads."
<br />;,=„�, Lender may.at any time.collect end hold aa�ounts for F.scmw Ioems in an aggrega4e anwunt aot to exceed tha
<br />`-"_^_�� maximum amount that way be�+equired for Borrower's escmw axount uadea the Real Bstate �ttlar�t Procedures
<br /> Act of 1974.12 U.S.C.§2601�s�.and implement[ng regWauons. 24 CFR Part 3500.as they may be amended from
<br />;';'A� t�ae to Wne ('RBSPA°).exoept that the cashion or reserve permitted by RESPA for unanticipated disburse�emts or
<br />_;�::'\� disbiusements before the Borrower's paycaeuts are avuilable ia the accouai may aot be based on amounus dne f�r the
<br /> --'�*�— mnrtgagc Insurance prewiune; �
<br />-- If the aa�ounts held by Le�cder for Fscrow Iteans exoeetl 8he amuunts perm[tted w be held by RESPA, I.ea�ei shall
<br /> eccronnt w Bomac�� goz the exoess fiiads as required by RESPA. if ehe amounts of funds held by Lender at any time .
<br /> ":� are not sufficient to'g.ay it�e �sC�w Items whett due.I.eustra ua8y notify the Boiroaer and require Bonower to make � : ,..
<br />_,,%�� ,
<br /> _---- s*s�th� �+aY?;e ac�ercnit[� hy RESPA. '' ' .
<br />'":��� . 'thc Bscrotiv Feads as�e��a7ged as ad�itional secucity�far a11 sums sesured bythis Security Instrument. If Borrower . .
<br /> tenders to L�der the fu11 paya�ent of all suc1�sums.Borrower's account shall be eredited with the balance reiaaiaing ;.
<br /> � � for aU installmeat it�ans(a),tD),and(c)at��any mortgage insucance premium installa�ent that Lender has not beoome ._,::� ,
<br /> obllgatod to pay t4 the 5�g►.and Ixnder�shall prom?tly re�nd any excess funds to Horrower..[mmediatelq.prlor .
<br /> - to a fomlosure sale of the$ra��ty or its acquisition by�nder.Bomnwer's account sball be credited�with any b�uauce
<br />-_,,:;�� remaiaing for al1 insmllments.�or items (a).N)��(��, .„''�
<br /> 3. Applic�tion of Paymea�e. All payments under paragraphs 1 and 2 shali be applied by Leader a9 fNYt�sys:
<br /> � ,rS . to tlie mortgage 3nsuraaae pr�ivat w be paid by Ixndex ta the Secretary or to the monthly chargd by the , � .
<br /> Secretary instead of the monthIy mortgage insurance premium; �,;� �. . •
<br /> - 'S�C __ND__, to any taxes,apecIel a�nts. leasehold payments or gc�ound ren.ts,aad fire.Aood aad othex�tie�trd
<br /> _ insunnco premiums. as requirod; • .�
<br /> TH[�U� w iaurest due under the Notc; �
<br /> OUR , to suwrtizatioa of the prirzclpal of the Note:and • . °� � '•
<br /> . p Ff ,to lau c4�arges due under the Note. � �. . ' ','.
<br />`�� �b. F'm,Flood aod Otber Nsacd Inmc�ooe. Borrower shaU iasore all improveaaent�':bn,tT�e'propecty, wheticer
<br /> non iti existarce or subscquently erectod. against any hAZatds� �s�alties� and oontia��tcles...iucludiag tire.foi wIlich
<br /> I�enAer rcquires insurauce. T6i.4 insurance shall be mainteined in the amounts 7and.fi�;We.perlods that L�ender
<br /> �quines, Bomower shall also insure all iwpmvementa on the Pcoperty. whether now la�xiste�e or subsequently
<br /> erected. aSaiast loss by flooda to tha excent required by the Secretary. AII insvraace shall be.ixmfed with conopanies :,�..
<br /> - - apprQved by Lender. The insurance pollcies and aay renewals shall be held by L�ead� aad'shali include 2oss payable .
<br />_� clausC's in favor of,and ia a foim eaxptable to.I.eade3. �f of loss if aoi ��
<br /> .;-�� '',',Id the ev�t�of loss.Bavrower shall give Leader �►ediete notit7� by mail. I.ender maY�P .
<br /> made pnomgtl�a..?ry�Ronowei�'�ach insuraace companY eance�ued is he�eby authorized and di�cted w mak�paymenc ;
<br /> _— , ' fqt.�uch los9�affli�cclY to Lender. instead of to Borcvwer and w I�eeder joindy. Ail or aay Qact of t�e inauranee . .
<br />'�,';:.� :�exoc�ds maY be aPPUed�g I.ender, at its option,eieh�'(a) to the ceduction of the indebtedness �mder the Note snd
<br /> _ � ��Securitp i"�+��^t, fc�t ro eny deHnquent a�� apPll�d ia the order ia para�raph 3.and thea w P�Y��
<br /> _= — •• �o��principal,or (b) w the restorddoa or m�air of t��,clamaged PropertY. MY aPPlication of the pnooeeds to the
<br /> -
<br />
|