|
. a�� _ _ _ - "]- _i .t�`:��':�. .0 . _ � _.. .� . -�G �t: � •n•
<br /> _._�_ _' , . a'i, . - : ' .''L. . Y `
<br /> c.
<br /> �� � - .. ._ � _ ` C�
<br /> y .' � = Y� �. C •
<br /> X �' CZ.� . h.•� � �. c t 4 _ ,
<br /> ��_=V�z�'.�,c . ..,�•�_' __ _ : z:,y�.�_..;x"+-.:�`.... �t?�a.���_ "-�
<br /> '� ��1-^s�� __ 't ;�.
<br /> p.�:� • F �...__ .. �; � T �'�S
<br /> — �Qu • • f _ f . Q ' . - .. ' - '
<br /> ...-- . e -2 G' - +�'Y . F c �E .t..,� g
<br /> c � �_ �. _ ' � � �� _ i c. .� :Y�t. s .y — . .i •�S sfr,, � ,�E�' _, s c ,Y '
<br /> � ' - � . �et- -r ` . .� _..� -!` .� `ri ` ` - ° - 't*. : * _--�T � �
<br /> -_-4`F.��'�'i: . f - _ts s'r, .-P � t rt-G df "� c -�k 'S n'�� a `..f � �t`�r. � - !ct ti-�.`d �''
<br /> �" ..fr��".a f� i" .c_ <i,r � .t-�"_' h� ' •:-�.� 1 <.� r ..d -
<br /> �e_ ' r.a
<br /> .t'
<br /> � �3 � '�y
<br /> -'�._^:�,:'f: µ--
<br /> ::��, , ::��:-�- gg�,��� :li<
<br /> ; 'i_.4;r., � C ..:
<br /> �.?.�r;�� . .- _� The �unds sirall be held in an iustinuion wkose deposiis are insurad by a federal agency. in�ume�itY. or entity ,s,
<br /> a ._ t ;_c (inclnding Leader.if l�d�is such an iastidmianl or in amy Fede�al Home LAan Bank. Lenaer sha41 a�spty t13e Ftmds to p�ay the
<br /> `,'` . Escrow Uan.s.Len�may not charge Bo:mAer for t�tdiag a�d applying the Fa�uis.aan�rallY amalyzi�ttirr e.saaw a000uttt.afs � ',
<br /> - � -.-.,�`�',���� verifyiag the Es�mw iteus.unless txt�der pays Bo�er inten�on the Fands and appdicable iaw permiu Leader to nrake such -
<br /> `=';n �' �' �-,`, `: a d�ge.Raw�ever.l.ead�may�eqnire Bomaw��ta pey a one�t►me�e for an ind�dent neal c�ate taa r�e�oiting savice ;,,,;
<br /> �. <;�.�,�, t:�:-.� >
<br /> � �;. =:�;=.� nsed by Lender ia aonnection areth this I�a. ualess spptirable law providzs othenvise. i3ntess aa agnee�t is �ade or =;�..,:
<br /> .,°` `: .:`���.�:':: agptic�ble laa oeqnims int�est to be pcud.L�der st�all not be cequired to pay Bom�w•er any int�est or eaznings on the Funds. ;<�
<br /> -"��:� ->`'�� ��``.'.- Bormwer�d Lender ma�•agee in vvtiting.hau-e�eT.tt�t intxsest shall be paid on the F� Le�der�al!give to&�rrower. y,
<br /> -`= �``-`:`z'_�E-:" withoat chhazge. an azmual amountirig of the Fands. stenwiag cr�dits aad d�its to the Funds�d the parpose far which eacfi -i.:4-;
<br /> c ge
<br /> ` '':°:�.;;;��i.:c debit to the Ftttsds tvss m�e.l4te Funds aie pledgod as addirioua!seotuity for al!�se�ured by d�is Searity t�t. -
<br /> �' ='' If the F�eds held by i.�der exooed t�e an�pamiued to be held by ap�4icable hw.ixnder sdrail amomn tr Bom►a�er
<br /> " £�'J for the a�s Fmtds in aooarrdance wiih the tequiremueats of applicabie faw.If the amount of the Fuads he�d by I.ead�er at a:ry - _
<br /> ��=�:y� . .:,� : �
<br /> .-�.•,:.:,;:.,;�.: time�s mt sufficiem to pay thee Escmw Items ahea due.LaWer may so notify Bor�owu in writing.aad.in such case Bor�ower
<br /> `•°'� ,g . ,.,-. • shall pay te L�dcx the�omrt�ary to malce up the defiae�ncy. Borrawer�ail make ap the defaency ia na m�nre ttram `�`:.
<br /> x `.` � � �' lWC}YC IItii�lly��liS.ffi I�A��S SOIC d1SCfCItOA. �.'
<br />..� �c ;1} � ��r. '-
<br /> _:� 4-° $ :...._% �` �pOA QS�lIl f1lU O�8�� S�IIdS 5��i11LS$8QlllLy �II. �Q 5���y i�llA�[O �OftOA+fl iII�I t__
<br /> . z'-.
<br /> ��.5 :f r,; Famds 6eld by ixnder.ff.��paragraph Zi.Lea�er sba11 acqa�e oI sell the Pmgexty.LeAda.paor w the acgaisitinn oT sate -�-
<br /> ._k_,°-.� :,-.:,��._ o���a�+Fugds deld by Lender at the tmme of aoqussition or sale as a c�t agai�t t�e sums secarod by �'"
<br /> ` 1 r �' 3.�t�Ion��ea�.Untess applicable law pmvides ashe�e�ise.ailpayma�.ti raoeived by l.wder mtder p�s
<br /> t • � � �
<br /> ` •� `� 4'�.: 1 and 2 shall 6e appi�ed:fust. w an3'P�Y��es due a�cder the Note;seoonc4.to aznauuts payable anaer p�h 2: `_.
<br /> �' thiid.Oo ituaest dne:fomth.to principaf dne:and last.w at�r late�due�mder the Note.
<br /> -- --ry ° '-`?,` 4.C�arge�i3eas.Borrawer s h a U�ty a t l raues.�ts.c�a r g e s.f in e s a m d ia�c►si t ions a u n 3 m a l�l e t o d t e P m p e r t y °
<br />-^�`:4�`_�;`:-��t3:F%�'; whi�raay auania priority av�this Secaiity I�aad leasebold payments or g�vand net�s.if any�s+aaer shall pay . :`�`.
<br /> �w: �:�.:; ihese obligatiaus in the manaer providad'm pazag�aph 2.or if�t paid in that�.Bmmwer sh�eU pay t6�a on time dae�y , �
<br /> -•"`,s�'�'.. .. � -��- ' w the petsnD owed payment.Bomawer shall pmmptly fiimish to Leoder all aotioes of ama�rts w 6e paid anda t6is pa�agra�b.
<br /> ' -. J �a.� U Bor�wea makes drese�du�alY,Bormwer slreYl pmmgtty famisfi tn Ixuder ce�ts evideaaag d►e payme�s- '
<br /> � F ? �,� Bomawer sbali.P�A�Y�e�Y tim whidi has pnority ave�this Soauity Instr�n�t amles�Bomnwet:(a)ag�es in �.
<br /> v " .�...-� �� writurg w Ehe paym�t of the abligation seaued by die liea in a ar�mer acae�ahle m I�ader;Eb)ouat�ta ia gond fauh t6e tien
<br /> � � ; � by, or d�ds agaidst enforo�t of dte li� in. legal pmoeedings whicb in the Lead�'s apmion opuase to p�v�t the
<br /> `'' ".��' eafoivanem of tl�e lien:or(cy seattes fiam t�e holder of the tien an�eat sadsfadory to Lead��6ordi�ictg ihe�i�to
<br /> `` -� ""��`.�, this Se�iry Iasamme�.If Lee�der dete.�mme.s drat�yr p�t of the Piaperty is snbj�ct to a liw wfiicb may atsain pnarity aver �:
<br /> n •, f e�
<br /> s .. �,. � tLis S�curiry�.Leoder�5'gi�'e Bmiower a nonoe id�Mying dre liea.Bus�ower s6all sausfy the Cten or take one or �,.-
<br /> __-�-�>'.._,-�•.:�, mo�e of tLe aatiiau5 set fortb above withia 10 days of the giving of aouue. -
<br /> " `�`"'=` 5. Raas�d os Pta�r L�. Borrawer shall ice�p tLe impmvemeats aaw exi�ag ar �afrer erected on tLe --_-
<br /> i r j`, • �Y iT��I�[�OSS��IC.�S iDC��W1tZlIIl�16 tCti11°fJRf�QC�OOVQB�Pi��SIIy Ot�l�S�l�U�D$
<br /> � �:'�`•- ttoods or floodiAg.for wh�d�i.caider re�aises�e.This ias�uanee sdaU be mai�ined"m the aaueaats a�for the paiods
<br /> 5}'.-•
<br /> ;'�..�;:� •. :r"_�?' 1�I�+�C(TEQiltlp3.�l8 IOSUI3IIOC Cai[I�f�$[118 II�1'B�OC 5�181�b2 Ctid52A b}I�AI[OWCI SQ�)jEC«O�2f�S B�TOV31 �—�
<br /> = .:__r:.:_�::��.:: �s�p�ne�t��nd�a. s.�e��w�o�v�a�i�a a��. a��y.a�t�•s —
<br /> ,, 'f .- ,'':3 �.. -
<br /> . �.. optio�.obtain caverage to protect I.ender's rtghts in d�Pmpaty in a000nlance with pa�ag�apb?. --
<br /> :` < „F�;.�.'. All iasvranoe policies�d�eaeneavals shail be aooeptabte w Ixndu and shall inclade a standatd mottgage daase. trxtd�
<br /> `. iF.�,;-�',� -�' �. stiafl 6ave the right to 6old the poGcies and reiieuvals.If Leader r�qaites.Bormwer sha11 promptly give m Ieader aII reoeipts of �:_.
<br /> � '�� � P�P�and reaeaa{notices.In d�e eu�nt of toss.Barro�res shall grve prompt aatioe w the insa�anae wasi�er and L�.
<br /> `���_.,•.,�,:��.i', .. _ . i,mder.may ma�ee proaf of[oss if not made promptiy by Borrower.
<br /> �, -. ■
<br /> .,•-w,,.�.:�r: � Ualess Lender�d Bormwer otpeawise a�ee in wc�tm8.insuraaoe Pmoe�ds shall 6e applied to mstmatlon or r�epair of dne
<br /> ',.;�- . ;`�:;,. ��, : Pmperty da�d.if tLe resroradon or cepai:is ecos�micslly fess�le smd 3.tnder's seauity is uas lesg�nod.If the�or
<br /> -`���- ,.'` :, cepair is aot eoormraically feasi"bie or L�der's sacuriry wautd be tessened.We i�muanc�pino�eds shail6e spptlod to the.smas . .
<br /> �.�:t,�,;:.�-�ra: "' secared bY thi�Seauity Iasaomemt.wi��her or not then dne.witb aay excess paid w 8ormwer. If Bomow�ahandoa4 the
<br /> �'"` ,. .:•-:::v::. � Qmpcaty,or does not auswer arithia 30 days a natice fmm l.ender d�at the inauauee ran�er has offeied to settte a cla�m.then
<br /> :.°';`+'. ��,:' ; Leadea may oolloct the insa�ance pmoeeds. Lwdea may use the piooeads to re�air or mstoie the P�ope�ty os m pay sum� ,
<br /> "'`'";;::- ;.:;�'r. ' Sec�red b�r this Se�rity Instrameut.whether or nat diea due.l4ie 30�day period will 6egito whea tbe notice is giveo.
<br /> -:: „-,:�..:.. ::. , '�.
<br /> - ..� :`��:...�='.. Untess Le,ader a n d B omuwer o t 6 e t w�s e agree i n wri t i n g. anY aPP li c a t io n o f p r o o e a d s w p r�n�i p a l s t�a l l u a t e�e m�or
<br /> -.:�:`;'":�f_3°_. postpose the dae d8te of the montlilY l�Y�ts tefemed to fi hs 1 artd.�ot c�ttp�e the eatoau!of the�QeytpeAts. If �
<br /> ---;�'�'`=z�. .: : o a d e��2 1 t h�e P r o p e r t y i s a o q a i z e d b y IRadet.Bom�wer's ri w an y�insurrance p ol�des�ul p m o e a t s�Itirig froam
<br /> r _ *-e
<br /> � , - Q�age to the Properiy prior to the acqaLsition sbaU pass'to L�der to the exteue of the s�sec�sed by this SecarIty Ins�nt••
<br /> ;'..;;,_;;," : inun�d�ately psios w the soqui.sition. � —
<br /> __. �� 6 ,Ptrse�vatlan.Matatcaance and PtotecNan of the Pr�upe�ty:Bonowe�s Loaa�iy�Hcatton;�.�etroMg.
<br /> '_;-•'t,",,':::,.�. : �Y
<br /> -�� ;k4 Bomnwer shall oaapy.establish.aad use the PrapeKy as Borrower's princlpal resideau�e within sixty days after tha eaecarion of
<br /> ;-;``.��;�� ��' this Sec�ity Iasrmraent aad sBall oomtnae to ocwpy the Praperty+as Bormwer's principal reside�oe for at least one year aftea
<br /> ��J the date of oaupan�g►.anle�s Lendec othenvise agrees in wrIting.whicb oonsent shall nat 6e at�anably withheld.ar anless
<br /> ,;.=,1�`� extenaaUng circ�tnstances exist whtch ane beyond Botmwe�s oontrol. Boirowes shall not destroy. damage or impair the .
<br /> - � FroPeity+allow the Pmperty to deteriorate.or oommit aaste on the Property.Borrower sim11 be in.defanit if suy forCeiture
<br /> "'�.:�.``_;,"�'`:;�..;'� �� �� acxion vr ptneeeding,w5ether eivil or crimiaal.is begun tha�t in[ender's good faiW judgrnent ooald�e.cult in forfe�tune of the
<br /> —_` ',:�';_:_;:. : pmpeny ar otherwlse materially Impair tha i�en crestod by this Sewrity Imwmeru or Leader's sec�Ity inte�esc.Burrower may
<br /> : =- er
<br /> ",Y.�`�,_ ;�`.: �snch a defmilt and reinstate.as provided in paragrapb 18.bY causin$the action or pmoeeding to be�iamissed arltb a ruling
<br /> ��`-'+` '-�'''��.`'�� ' . that. ia Lender's good faith ddemunation. Qnectudes forfeiwte of the B,umoaer's interest in the Piroperty ox ot6er ms+�al
<br /> :�_;� .,:�"':�' : � ia�rment of t6o Ilen cceated by this Secunty lnshtunent or l�ender's s�urity inte�zst.Horrowea sl�all aiso bE ia defantt I!
<br /> ;.T. u
<br /> �. ��° .��:-:"r"�' ; Bosower,fiuin the toan llc�tton . e matetiatiy false or inaecu�ate informmiaa ar stateaoenta w lcnder(or falled
<br /> :�.„t.t�, , : � aPP �., P�g �
<br /> � . ; `� to pmvide 1�with aay matetrat Wom�ation)ln connectlon witb tde loan evldenced by the Narte.iaclnding,but nat tlmiced _
<br /> ;�,_�:. : ��..r : � to.re,ptesee�at�ons vo�eming Bormwer's oavpancy of the Property as a p�lnclpal restde�ae.tf this SeadtY Ins�unment Is on a
<br /> •'' :;;,';-!%;•`;:.�ty; lease�old. Borrawer shall wmply with all the provlslons of the lease. If Bomnwer aoqaires fee tide to�ke Property. the `
<br /> it .�,�' teasehold aad the fee dde shall not merge untess Lender agrees to the merger in wrlting.
<br /> 7.Yrotection of l.endcr's Ng6ts in the Pt�operty.If Bomower fails to perform the oovenants end Bn oantaiaed in
<br /> .,_�.,: �:,;_, � .��+,��. �' Wis Secutity Insuument.or the�e is a legal pmoeeding that may sigai8caatly af�'ect l.ender's dghts in8the P�ap�eny(sucb as a =
<br /> the e
<br /> � � ,'�.'�:.;:t.;. :� Pmoeed�ng in bankruptcy.p�bate.for ooudeninat3on or forfeiture or to enforce lawa or tegulations). then Lender ma�r do and =-__
<br /> • :, � • pay for whatever is necessaty►to ted the vaTne of the Peepe�ty and l.ender's righta in'thp.Pc�nperty.Lender's act�ons n�ay -
<br /> r'�`� a �,, inciude paqing any► sums �y a lien wlilch haa prtorhy wer this Security laatnunent. appearing in cow+�. paying � -
<br /> :��,.,.:,; s": ' ?,ri..�_ trasanableatt+omeys'fees and entering on the Propecty w waka repairs.Although Leader may take action tmder t6is paeapa}b E�;Y
<br /> � ��"�``''' 9.Leader does not have to do so.
<br /> ',,�.:_; :,.::.:,.�._-_�;,
<br /> :_�,�:_ -:_`!.t;s ' My a�naants disbuzsed by L�der under this pa�graph'I shall beoome additional debt of Borcawer seau+ed by thia �"i='
<br /> �; Seauity lnsttumc�t. Untess Bormwer and Leader agree w other tr,rms of paymenl.thcse amounts shall bear interest from Wo
<br /> � - date of disbuisetaent at the Note rate mad sbait be payabte. arit6 interat. upoa aodce fmm Lender to Bonower reqaestia8
<br /> : . _` <,r� ;.' . .
<br /> ,:;;_,.., ;;, :.:�., payment.
<br /> . .....� � S.Mortpge tusnrance.U Lender required mortgage inswanoe as a aondidon of maging the loaa secvred 6y tlils 5eairigr �,-
<br /> �.c.'``:-: :::'. Listtumenb Borrower shall pay the premiums�equired to mainmin tlte mortgage insuraace in effect. IG for any re�san. tho .r--
<br /> .:. .,�,;;..;;.: '
<br /> i',`�,. �,.. ._:_:. ^�., , ,_.�
<br /> . ..t:;;�. mortgage lnsusance aov e cequired by Leader Iapses or oe�ses to be in eftect.Borrower shall pay thep�em�wac reqnired to. k�.
<br /> . .,.,;� o6tain coverage substandal equivatetu to the mortga incuranse previously in effect.ai a cast substaadallyeq�ivaleat to We T�:�
<br /> u ge
<br /> ;i;_,. cost to Bonawer of the mortgage inswance p�viously in effect,fmm an altemate mortgage insurer appmved bgr Le�der. If
<br /> :. .
<br /> - -...'';:;�;`z' , � v,�oame Farm3018 9/80
<br /> ,:
<br /> ,���. .') .f,' ,1.. . ,
<br /> . . ". �1: ' L:_.
<br /> •
<br />
|