|
� . . . ;F�,• .��-.
<br /> . , �.. � �
<br /> . , s...,�,.�
<br /> .;�,:�•.t1N{tr
<br /> .�tf. L-� v .. �(
<br /> . . . . . .. ,�j ��4�iq'.'x'T 1F�- ,
<br /> ...� . . � ... . . " '^.v.�..�-�-. "_- .
<br /> ' . . . . .. � .Y . � r.. . .. ._ .: _..
<br /> . . . . . . . . �. . �. • �Cl'
<br /> ' � . ._ ....._ . - �+3..:_
<br /> • „r_'�c}�.,) i-.,.. . -
<br /> -�- -��+� . � and all easements, appuAenanaes,and
<br /> "-""�•• �^ ` TQ�ETHER WITH ell the Improvemente now or here�fter erected on the property, —
<br />? � • � .}Ixturea now or hereatter n part of the properly.All repl�cementa and addillons ahail also be covered by this 3ecudty Inst►ument. m�
<br /> All ot the toregoing le raferred to In thls Seaurity Inetrument se the 'Property." _..�...
<br /> �r � � BORR0INER COVENANTS that Borrower is lewlully sMzed of the estete heroby conveyed and has the rigM to grant and
<br />__ , ;��, • convey the Property and that the Property Is unencumberod, except for encumbrances of record. Borrower warrants and wlll �--_'�'
<br /> � datend generelly ihe tltle to the Property agalnet ell cl�lma end demanda,eubJect to eny encumbrances ot recad. �..��
<br /> THIS SECURIIY INSIAUMENT combinea unitorm covenmta lor n�tlonN use and non-unllorm aovenants with Nmlted �:`°_,.
<br /> ,,. �= -
<br /> � verlatlana by Jurladlution to canatitute a unfform aecurity Inetrument cove�tnp red praperty. v
<br /> UNIFORM COVENANT3. Bonower and Lander coven�nt end�gree�e follows: �
<br />�• .=.- �,. �, p�ym��t of prineip�l �nd Int�n�t; Pr�p�ym�nt and l.�t� Cl�ugee. Borrower shall promptly pay when
<br /> `' ,, due the principel ot end Interest on the deht evidenced by lhe Note�nd�ny prepsyment and late charges dua under the Note. Y
<br /> 2. Fund�fov Taxoa and Influranae. gubJeot to epplicwbla I�w or lo a written walver by Lender,Borrower shall pay c__.
<br />� to Lenda on the day monthly p�ymente �re due under►ha Note, untll Ihe Nole la pnld In tull, a sum ('Funds")e8�• �easehold �
<br />�""` texes and aesesemente whtoh may aridn priority over thin 3acurlty Inetrumenl A� s Ilen on the Property: (b) Y rN
<br />- paymenta or ground rents on the Property, il anY: (o) yeaty h�zerd or propaty Ineurnnce prerrdums: (d) yearly tlood Insurance �
<br /> _ premiuma, If nny(e� yearly mortpaqe Insur�nae premlums. II�ny; �nd (Q�ny euma p�yeble by Borrower to Lender In accordance �
<br />' ' wlth the provlalons of parenrap�e, collect and hold�yFunde Innen amount not to exceed the maximume amount a"lendersfore !
<br /> Items." Lender may. at e y Q'
<br /> tederally related mortgnge loen msy roqulre tor 8orrowar'a escrow eccaunt under the foderal Real Estate Serilement Procedures
<br />=.I.�,, . Act of 1874 as emended trom tlme to time,12 U.B.C.@ 2601 et neq. ('HESPA'). unlesa another law that epplies to the Funds Q�
<br /> :�7,; ., seta a lesser amount.he amountnol F nda due onllthe baslacol curtent deta md re�eon�tbleteatimetesxof eexpendRu ear ot futu e �
<br /> i,' Lender may astimate t �-1
<br /> � �� Eecrow Items or otherwlse in accordtnce with appllc+ibte lew.
<br /> Y •�` The Funds sheil be held In an Instltutlon whosu depoalta�re IneureA by e teda�l �gency, Inatrumentailry, or entity(Inciuding
<br />�=''t�•��;i� Lender, it Lender Ia suah an institutlon) or In any Federal Home Lo�n Bmk. Lender ehstl appty the Funds to pay the Escrow
<br /> i,;��"�'s�: Items. Lender may not cherg� Bortower tor holding �nd applying the Funde,mnu�Ny �n�lyz�ng the eacrow account,or veritying
<br />='"'•�°'�y�� the Escrow items. unteaa Londer paya Borrower Intereat on the Funda and •ppllable law pemits Lender to meke such a
<br /> -�-Y,y:r;:�;-":
<br /> ., �;e:r�,,...., charge. However, Lender m�y requke Bortower to pay a one•tlme ah�rps fa af� Indapendont reai aatete tax repo�ing servlce _ , _
<br />�.••t..��;�e„�: used by Lendx in conneaUon wflh thia loan, unlese �ppllcabl� law providu othsrwlss. Unieaa �n ayreement Is made or
<br /> ' • appilaable law requires Intereat to be paid, Lendet eh�ll not be raqulred to p�y Hortower�ny I�tx�at or euninga on the Funds.
<br /> r; ," Borrower and Lender may agree In writing, howeva, that Intereat sheh be pdd on tha Funda. Lender ahall gNe to Borrower, �
<br /> •�•J" without eherge,an annual aacounUng of the funda, ahowiny credita and dehHa to ths Funde �nd the pu�pose tor whlch each
<br /> debft to the Funds was mede. The Funds are pledged+�e addition�l securiYy lor �II suma eecurad by the Securiry Instrument.
<br />���,!�r•x�" It the Funds held by Lender exceed tho Amounte permitted to be held by appllable law, Lender ehaY eccount to Borrower ` �
<br />=�N`'w'`*� tor the excess Funds tn accordance wtth the requlremente of opplicable law.If th��mount of the Funda held by Lender at any m
<br />-�;,..,., .: Q �
<br /> �, ..:. time is not sufflcfent to pay the Eauow Items when due, Lender may eo nolly Bortower In w►Itlnp, �nd, In such case Borrower
<br />�"^�"�� shall pny to Lender the nmount neceas�ry to make up tho deflcienoy. Bartowe►ehall make up the deflcknay In no more than
<br />"`"-''��' ' tweNe monthy paymente,at Lender'a eole discrotlun. �i
<br />�"�'�. Upon peyment in tull of ell aums secured by thla SecuMty Inetrument, Lender ehsN prou.pty rotund to Bortowr.r any Funda � p
<br /> '•°;`'�� held by Lender. �t,under paragrnph 21, Lender ehell acqulro or aeil the Property.Lender.Prlor So the aequlslUon or sale of the
<br />�_�„;.L' properry, ehali appy any Funaa heid by Lender :i ina tliii8 D�.ZCGllI=�I.�OR ^!'u����s �credit �wlnst lhe euma secured by this �
<br />--'""`�'� Security instrument ^
<br />-•,'�•}��F;�,�.
<br />:�a►�;`,y+; 3. Applic�+tlon of Prym�llts. Unlesa appllc�ble kw provldea olhe�wlse. �II p�ymenta receNed by Lender under
<br /> - ��-�� paragrephs 1 end 2 sheN ba epplbd: flrot, to sny prepayment charge�due undK the Nots; secand,to �mounte p�yabia under
<br />-""'r�°'''��; paragreph 2; thlyd,to tntereat due;1ourth,tu pdncipnl due;end I�et,to eny ute ahapea due under tho Nole.
<br /> ;�,;,,,:,,��""'��,�+ 4. Ch�fg�s; U�ns. Bortower shall pay all taes, �eaeaaments, chRrpes, flnea and ImpotHlons �ridbut�ble to the
<br />-= ° Property which may attain prlorUy over this 8ecurity Instrument. �nd leteehold p�ymenta or qround rents,N�ny. Bor►owe► ehnll
<br />� pey these oblgaUons In the mnnner provided In peragraph 2, or if not ptld In that manntr, Bortowe sh�ll pay thom on tlme
<br />��.ev.�o dkectty to the peroon owed pnyment. Bor►ower ahsll promptty iumish to LendK�li noticas ol�tnounts to be pald under thls
<br /> -=�:s�r.�-� ps►agreph. If Bortower makea these peymente directy. Borrowar ah�ll prampty tumlah to Lender r�calpte evldencing the
<br /> -�-¢--- � payments,
<br /> ������ Bortower ehall promptly discherge any Ilen which haa prlority over thla 9ecudty Instrument unlsaa Borrower• (a) eg►eea in
<br />�''==°��'? writiny ta the payment of the obNpation aecured by the Ilen In � manner �ccepUbie to Lender. (b) conUats In pood i�fth the
<br /> �.; Iien by, or delends against entorcement ot the Iien In. lepei proceecflnpe whlah In th� LNtd�r'a opinlon op�nt� to prevent the
<br />��,.�.�,��.� entorcement of the Ilen;or(a) secures hcm the holder o1 the Aen �n apre�ment e�tl�faotory to I.end�r eubo�dlnatinp th� lien to
<br />----- _,i;,.-��w this Secudry Instrument,If Lender det Borrower a noUae Id ntitylny the Ilen.Borrower eh�H'e tlaty the Yeny�nt ke one o rmorehof
<br /> _ �_� 3eeurily Instrument,Lender mey giv
<br /> ---�_�-' the actiona eet torlh above wtthln 10 daya ot the yNlnq ot notica.
<br /> -^��� 5. Hazad or Propsrty Insurane�. Bortower ahall keep the Improvements now exleUnp or hKe�Re aeated on the
<br /> -=-=�-�,�ac'� Property hsured againat loss by flre, h�zards included wtthln the term 'extended covenqe" �nd �ny olhp hwrds,Including
<br /> a
<br /> floods or Aooding,for whlah Lender requ lrea Insurence. Thls Insurnnco ah�A be mdntalned In ths�mounts �nd tor the p o a
<br /> i=���• that Lender requlrea. The Insurance cartier providing the Insuroince shRll be ahoaen by Borruwer aubJect to Lender'e�pproval
<br /> � �_y whlah shall not be unreasonRbly withheld. Ii Bortower t�lla to m�intain cov�npe d�acrib�d�bow, Undu rrwy, �1 Lender'a
<br /> W i option, obtaln coverage to protect Lender's dghls In theP ropwiy�n accorduice wllh paraqaph 7• � �us�. Lander
<br />��� All Insurance polteles and renewels sheA be aace table to Lender and sh�N Inoiude • aund�rd mortp�q
<br /> �=�-.., :• shali have the right to hold the policles and renewals, It Lender requkea,BorroNer ehall promptly pive lo lend�r�II nceipts o1
<br />, ';��"�'}:
<br /> '_ ,,; . pald premlums and renewal notices. In the event of loss, Borrower ahall qNe prompt notice to the InaurNaa c�rtler and Lender.
<br /> �^ <'=••' Lender may make proof of losa If not made promptly by Borrower.
<br />_ . , Unless Lender and Bortower otherwlse agree In writing, Inaurance proceeds sh�ll be sppMed to reatoretlon or reptlr of the
<br /> Property damaged,if the restoratbn or repair is economlcally tenslble and Lender'e eer.urity la not leaeened. II the reatoratlon or
<br /> repak is not economicaliy feasfble or Lenders security would be lessenod,ihe Insurance proceede ehsll bo appll�d to Ihe auma
<br /> � � seoured by this Security lnatrument, whethor or not then due, with any exaeen p�ld to 8ortowsr. li Borrower eb�ndone th�
<br /> Property, or does not answer wtthin 30 days a notice irom Lender thet the Inaursnce carrtar h�a oflered to eettle n clnim.ihen
<br /> � ' Lender may cotlecl tho Insumnco procaods. Londur muy us� lhn p�ucwds to rupair ur �uoloro lhu Piu��uily ui lu pwy sums
<br /> secured by lhis Security Instrument,whether or not then due. The 30•day peMod wlll bepin when the nollce I�plvm, _
<br /> , Unless Lender and Bon•ower othervvlse agrea In writing, eny apNllcetfon oi proceecfs to pdnclpal shell not extend or _.
<br /> '; � postpone the due date of the monthiy payments referred to in paregraphs 1 and 2 or chanqe the+�mount o1 the p�ymsnte. II
<br /> �� ; � under paragraph 21 the Prope►iy Is ecquired by Lender, Bortower's right to any Insurance poYclea and procesde reauBlnq Irom
<br /> damage to the Property pdor to the acquisition ahall pass to Lender to tha extent of the eume by Ihle 8ecudly Inotn�ment
<br /> 'fi�� Immedietely prlor to the acqulsitlon.
<br /> � s. Occuaancv. Preservatlon� Maintenance and Proteatlon of th� Prcp�rly; Borrow�r's Lo�n
<br /> _ . . . . . ._.�_ .L___.... __ n........,..�.. „d.,�wl rsald�nc�wilhln
<br /> � r Appllcatlon; Leaseholds.eo►rower she�t occupy, escam�sn, e�� uoa��•Q���r��•r -- --°_..-•- •°••-,-
<br /> sixty days after the executlon of this Security Instrument and shau conllnuo to occupy the F'roperty a�s Borroweie pnnclpel
<br /> resldence tor at least one year after the date of oecupancy, unless Lender othorwlso ngroos In wrltlnq,which consonl sholl nol
<br /> � be unreasonably withheld, or unless extenuating circumsten iogd tarlorat 1eor&commlt es o�on ho Pr peAy. 90�owvrrol a'll�be Ir
<br /> dostroy,demage or Impalr the Property. allow the Properly
<br /> netorfeilu enofithe�Property or�otherwlae mato�ialy Impalrl therllen ci celt�d bythlstSe�:urity Inatrum nt ortlender��eacurlty Iraer�tl�
<br /> F131G.1MO 11/97) Po�q�•Y ot� �--�- _.
<br /> 97t6F
<br /> � --- ------- - _ . . . _. _ ..
<br />
|