|
. '�`:�. 1;;;�.� . . t���a ....,�...:tr....._.�.�.:�: . _. _..?`.
<br /> ' ' 'r^,_-.r:tC_:-.
<br /> _. _
<br /> •`�� _ -r _ . .._—. _ . `L'_r=•_�_—•'.`_'_ .. ... -„Kt._ ._V_ _ _ .i_ C -
<br /> . ��t`_ .. � . �: } -
<br /> i r` _ ' .
<br /> ;-. . �rc � -� . �. t . _ . � ' .
<br /> .f 4
<br /> C G . � . } � 1
<br /> -'���� �t - G Ft �` t .. CF' ' - . 4 . � � � . <� _ �`�. < _ 1'� ,.
<br /> . , a . C.t- .}. _ .C;•�_s ..,.�..ti...
<br />. . ..Z'� "..
<br /> � � �a �
<br /> -_ -_ - `•):T• � ---
<br /> l
<br /> — —.,%�- • � •
<br /> ���` TOt3ETFlEFi VYtil�i atl the tmprovemeMs nmv or heeafter erected on the pmperty. end aD easemer►ts.aPPurt�ances. and `
<br /> , .� ::s°� ...� tbd�nes now or hereafter a part of the P�P�Y•���ments and addrtlons shan alsr be covered by tAis Seatrity Instrumeni. r.
<br /> .. � • AO of the toregoing is reTerred to in this Seauiry Instisnned as tRe'Pcop�ty."
<br /> .�,�,:.: .` ,� _:....r� BOtiROVY6i COVENAl�iS that Boirawer is tamr(uRY seized of the esmte hereEy cameyed and has the dght to�ant and - .
<br /> • �nvey tRe Frop�iy and that the Froperty Is unencumbered ex�ept fa encumDrances ol►emrd- Borrower warrants aad rv7i
<br /> ��, , ._ det�d geneeraDy the tiUe to the Properly agaUtst aU daim4 and demanEs,subject to any enatmhtances o!record. .:�,`��
<br /> ry
<br /> THlS SECUAITY INSiRUktEN1' comDines unitorm covenants tbr natlonel use arM nocwnHoan covmants wrth Gmited� •
<br /> . . verlatfor►s by jwts�etion to oonstidrte a eu�Hartn sewriry Nstrument eovecing teai P�A�Y. � �>.
<br /> ` ;t� .: UNiFOAM COVENAN'f3. Bartower end Lee�der covenar�t and agee as toQow� ._
<br /> .•`� <:` �' . 1.F 8 y f R 011t Ot P�ICI�181 8ild ht46P8� Pf8p8yin6�lt 8itd LSt9 Ch2Pg8s.Borrower sha0 P�PVY WaY when � •�,._ �.
<br /> ,. • � ��;' due the pilrsdpal 01 and 6t2�est on tAe de6t eirldenced by ths Note and enY PreRayment and late charges due under the Nata ` ' t
<br /> � 2. Funds ior Ymtes aazd tasurarsco.Subject to appUcabie Iaw or to a wrfti�waNer by L�der.Borrowe�shaD pay O
<br /> `: . . . : to Lender an the day mor�qdy paymcnts ere due under the(�ote.unLl the Rote is Pafd h►futi,a sum('Funds')for. (a)yearry �
<br /> .�-�"`�,�_ taxes and assessmems whfch may athain prtoTity aver this�eauity inshument as a��on the Prop�ty. (D1 Y�Y IessehoGd �
<br /> - ". ' ,� Fellmer�s ar ground rents on the Properly,ii any: ta)Y�1►Aa�rd or propety insurance pre�sn�td3 Y�Y BooQ insuranca J ;.
<br /> - � `.�..` 5" pte�Nvms.rt enY•(e)YeafiY mortgage Insurartse pre.nilums.�any,and(1}any sums payable by Borrow�to Lender in aa:ordance . :
<br /> � wfth the provisians ot parag�tb 8.(n @eu o1 the payment of martgage insuranee premh�ms. These ftems are raIIed 'Es�v � .
<br /> : � .�'• ': Rems.' Leid�may.at any ttme. co¢ect end hold Funds tn an amoutrt not to exaeed the ma�dmum amourt a Ie�Q�tor a .
<br />- � - - . tedera[ty�martgage toan may require tor BoROwds escmw aao�mt undv the tedea!R�i Esfaie Setttement Procedures �'�`
<br /> .-� r4 . . - Act o11974 as am�ded trom thne to time.12 U.S.C.�2fia1 d seq. ('HESPA'). �m►ess another taw th� applles m ihe F�mds .
<br /> .` sets a lesser amouM. H so,lende may.at any time.coQect and hold Eunds in an amout�t not to exceed ihe tesser amourt4 ,.
<br />.. " Lender may�e the amourR ot F�mds�te on tP:V basis of nurent defa snd reasonabla esUrt�ates oi e�aidfi��ms of tuLtre .�,
<br />' � ' ^;.��ti;, Escrow tDems ar otheiwtse in ecoordartce m'tA appGcabte Iaw. .
<br /> „ :��: r. .:?,r?�.� The Funds sha0 ba held in an�on whose deposrts are(nssued by a tedeal agen�7►.�+me�aln5►•ar enLly(mcf�dmg
<br /> ., �-, Lende,r,H Lender is sach an kistih�t��ar tn arry Fedgal Hame leae Bank. lender shaB spply the F�mds to pay the Esaaw _
<br /> ,. _ ��'`��`F ttans.Lender may nat e#tar9e BormPrv for ho(�ng and ePP�Y�9 tfte Funds.ennuaUY andyRfi9 the esaow acco�mt,or v�g
<br /> � ` � ' �f.;s the Esaow (tems. � Lender pays Borrowa t�t on the Fimds and ap�6r,able law permBs Lende to make suef� a
<br /> ,. . . ��:;,r chaB� Howev� Let�C�aY�Hortower W PaY a onetfirte charge for en inde�end�t resl estate tax �oNn9 servfee , ,
<br /> ; .•�J x. used by L.�da in �n.v�r.T�tflis toan. unless appOra6[e tffw provides athervvtse. Untess an a�nent is made ar � .
<br /> �`• : ,';��+`(�b"� apPHcabte Iaw requires�t to be patd Lender sha0 not 6e required to pay Bortower any tnt�rst or effintr�gs an the Funds. , '
<br /> req
<br /> Bp,mpyye�and Lertd�tv�e�ee fn w�ifutg, howev� that irte�at shaD 6e paid on the Funds. L.end�sha0�ve to Borrower, __-,i'
<br />- %:` ":,-=.`...-°`.:.- witHaut chatge,an amuiY axourNng af the Frmds.show§�g ae�its and debBs to the Funds artd the purpase for which eacb - -
<br /> �'c-�'�, deb3 to the Funds w�s•s+�da The Furtds are ptedged as ad�Uona1 securfty for ati svms secured by the Seae�fnswmem. -
<br /> ; ;�;�;,.. '...t%",.' 8 the Funds hetd t�y Lender exceed the amaurrts pemu'tted tn be hetd bY apPQcahfe taw.L.et�der sha�aa�r:!to Bortower
<br /> . :- ���..;`.;•,� (or the e.wess Funds in accord�ce witb the requlceti�ts of aggfiabte(aw.N the amawt ot tht3 E�ds h�d try i.eider�atry -
<br /> ..:..�.� ;.,.�..,�•-`�,i•;�•� time(s�sufBB2nt to pay tAe Esa�sv Items when c4�� LennCa�a so notHy Bortow+er in wri��-�ssd. in such case Borrow� �
<br /> su
<br /> � 5:: � `,Y sha11 G�ta Lender the amourtt necessary Lo make ap t4�e d��ta�. Bor�w� sha0 meks up�.o deftdenay tn no more than , '•
<br /> � � ` ���,,. tweHe manthy peymed�.at t,endera sote�sac�Ias,. �
<br />� .,�G.�_� • , z N,.e�',.: 8R 9`ti _::
<br /> :�::���n���, : Upon paymerrt ua rMi.of a0 sums secured by Ctf.�Securfry tnstrum�t,Lender shaB prompUy reiimd to Bortowe arry Funds ,-.-�
<br />:r`b!r .<<;°�u���.� +± hdd by Lend� H.a�paragreph 21.Lenda sha3 acquire or seD Ne PropeRy�.l�de►,Pdor to the acquisitlon ar sate o!the
<br /> n ,�� y3,�• prreperty, shall apply arr}funds h�f3 tt,y lender et the thne ot acq�cts�ion or s��a aetffi e�,est the stans seaued by th� �
<br /> ��'��`.�'��� " -
<br />_ ..�. ..:�t1���r�', ��m8�. . . : �_'
<br /> - �..:tt!'f� .(
<br /> - „ ..:�•,;r,'F �AppltC�Oif of Paymettf9. Unless app�t�hte taw �rrsr'rdes othezv+ris� aU pa�sma�s�ecefired by t�der �mder !_._.�:
<br /> • •,.4`' • � paragwphs 7 and 2 shaD Oe epp�ed: Srsi.to a�ry Pre�aY+nexit ck�due under tls� Note:s�:i.to emounts payabte under
<br /> - •�, .. ,�
<br />_ • paragraph 2:tryf7d,�u;i��est du�fourth,to prin�f:d:�and last,to any Iate cta�cs due under the Not�
<br /> � - 4. Chargea; lLfx�ns. Borrower shall pay ��ces. assessmenis, cha-g�s, fines end imyositlons �uffihte to the ['
<br /> `. �:Y:" � • � Prop2Ky whteh may attab�pdoriry over this Securityr k-istrumertt.artd leasehotd paymerrts or graun3 tenb.H arty. Bamwer sha11 l'`
<br /> .•..t [ _
<br /> pay tYt�a obQgatlons in the manrter psaNded tn para�aph 2.ae�aot patd in that manner.Ec��rer sha0 pay them on Ume �
<br /> - - �ecriy to the person owed payment Borrower shaU prompiiy t,cnisA to Lender aD noEces of�.nourtts to be paid urtdet this --__
<br /> ' para�aph. H Borrower makes these payments dUedy. Bortower shall promptty fumish to Lend� recelpts e�(dendng tfie
<br /> . PBlRnerrts•
<br /> er sryap m �sch Uen whlch has prloriry ov�this Securfly tnshument uniess Borrower: (a)e4Fee9 tn �-__:°-,
<br /> Borrow p mptly arga an1►
<br />��;.• � wrRing to the payma�l of ffie obOgaBon secured by tho Ben (n a manner aeceptabie to LendeG (b)contests in gooA faitl�the �:,,:�
<br /> , ' �en by, or defends against entarcement ot the Den in,te�l proceedings whiaA in the lender'�cpinion opaaie to prevet►t the � _
<br /> ' eMorc.�rtent ot the Qen; or(c)sec�res from tfie holda o1 the pen an a�eemait saUstadory to T�der subocdfiating the�en to ,_
<br /> • t�b Searfty InsWmerrt.tf t,ender deteimfies that eny part of the Property Is subject to e�en wtiiiy'��may attak�priodly over tAfs ��-_
<br /> ti
<br /> - � Secu�ty lnytrument.Lender may ghre Bortow�a np+3ce[dentitying the Qen.Bortower sha0 satisty t�'�e Qe�or take one os more o1 -___
<br /> � the actlons set forth�ve.within 10 days of the�vh�of notice.
<br /> . 5. Haaar�d a�t�operty tr�saranee.2�rcwer shati keep the trnproveme�rta now e�dsting ar t��'erected on the � '-
<br /> - , . Proper�insuced a�lr.st[oss by fca.[�mrds inciuCed withtn the term 'mQended eaveage'�cf anY other hazards. indadmg
<br /> t[oods cc Eooding,tor whleh Lend��atr�insurance. This tnsium:ce shaD be maintained in ttte emottrrts en0 ter the perbds '
<br /> �°. . � thai Lender requtres. The insuran�e canier pmviding lhe insurar:a�shail be chosen by Borraw�subjeet to Lend�'s approvai �. '
<br />�- . . wfthfietd. 8 Bortower teIIs to malnlain covera Qescribe0 ebwe. �enEer may.at LenQer's `?� ,'
<br /> whtch sha0 nOt be qtveasonebly S8
<br /> . - , opUon.oOtaU�cover�ts.ua protect Lender's rfghts tn the Ptoperty tn accordance►r.fUt paraq�aph 7. �,;,'•
<br /> �• M insu►ance pa� and reneviats aha0 be acceptabTe to L,ender and �mlt faelude a st�mdaM moRgage c�ause. L.ender .
<br /> � . � st�a(1 have the ttght to ratd the pa5des and renewata (f Lender requtres.Borrrx��she�promptty glva to lertder a0 receipb af
<br /> ' pald premtums end renewal notices. ih the evenl of loss.Bortoa�er shaU ghre prompt notice to ttee insurance car�ter end Lender. _
<br /> " ' Lender may make proof af tass H not made pramptly by Borrowei.
<br />-� �. �'� Untesa Lender r�.rd 8orrower othenMse a�ee In wrfting, insurance proceeds shafl ba appQed W restoraUon or repair of the ,
<br /> � � preperty damag¢d,A t1m�restora8on or repaU is economlea�y feasmie and LenQcr's sec�uily is not lessened p the resioraUon or
<br /> - � repair is not econo�ad�y►teasibfe or Lender's securiry wautd be lessened,the in»u:ance proceeds shall be ap�'ied to tha sums ,.�
<br /> �. � secured by thb Sec+rAt�/fnstrument,whether or no!then due, wlth any►exc�s F�d to Bortower. M Borrmer ebandans the .
<br /> � • • . Property.or does not answer wlthin 30 days a notice irom lender ihat the ins�.:ance cartter has attered to settte a dalm,tjvu► ..
<br /> — . ' . �' Lendet may co4ed the insu�anee proeeeds. Lender may use the proeeeds to repair or r��tfie Property or to pay �
<br /> ' ' sewred by this Sea.�rtty Instrumer�whether or not then due. The 30day pedaaL vfll be�n whes+ the noUee is ghren. �
<br /> =- • � Uniess Lendes �d Bortower othe�wise agree in wdting, any apyUca�c�s ci procee�ds to pdnctpal sha0 not mQend ar
<br /> ' postpone the due d�te of the monthty payments �red to in paragraphs 1 rre�2 or change the amouM of the payments. H
<br /> under para�apff 21 the PropeRy is aequtred by Lender, Borrower's dgM to anyr msuranee pouetes and proceeds resuhing tbm
<br /> ' �mage to the Property pdor to the aoqui,siUon shaU pass to Lender to the exterrt o1 the sums by ihis Securtty tnstrumenl ,
<br /> . immedlatety pdor to the acqulsitlon.
<br /> . ' 8. Occupaney, Preservation, Matr�tenancs end Protection o1' the Property; Borrawar'e Loan
<br /> • • � AppiiCation; L+B8591told9. Borrower she0 occupy.eslebUsh, and use the Property es Borrovrer's prindpal resldenca withtn
<br /> � • si�dy days after the execudon ot tAts Seeur(ty tnsUmnent and shaD candnue to occupy the Praperiy es Borrown's principal
<br /> residenee tor at teast one year afte►the dade ot aaeupaney, uniess Lender otherwise a�ees In writing,wfilch eonseM shaD not '
<br /> be unreasonaDy withheld, or untess aRenuating cireumstanees exist whfich are beyrond Bortower's eontrol. Borrowe� sha'I not :
<br /> - � " destray,damage or Impalr the Property.aBmr+the Property to deteHoratv.or commit vraste en the Frop�iy.Bo�owe shaU be in
<br /> l: ,- � : -. � 1 defauit N any toAeiture aedon or prooeed'mg, whether dvl or atmfnal.is begun lhat in lendePa goad faith�uQgmenl eould cestdt -
<br /> � In torteiwre o1 the Propetty or othenvise materiai[jtt impaU the Qen created by this Secu�ity Instrument or Lend2r's security hrterest.
<br /> �'� � ` . . .1�.��1t. �
<br />- . . f1316.tM3(1197) Peq>2 01 5
<br /> .,. .. , .
<br />-. _ .----- —.� _.
<br /> . • , l 97t84
<br /> : ' . : '_ ..
<br /> � ' •�•� — — .�. °--- -_- - - - -
<br />
|