|
- '�^ ' . .�.1•, . � .;5'. . .
<br /> 1�•� . . . . � • - r • �lr''_�..-J.�i"._
<br /> .
<br /> . . ... ... _. _.:.t'F�'i nirlu�.. _ . ' >. .. ....,'�.-�- �� � .
<br /> � r +�;k!!G•A�.1N1.�+4,1 i.���-.ru►blA rN ����.�,�_ .�._._,.. ...
<br /> ��.�«�n. �„. - -- . �-, .,._�.�------
<br /> i,. .:,.,�•;,� �p� .._ - . .
<br /> .a ,-�f� .. .,
<br /> —���
<br />_—.o��N
<br /> -°�' ' ' TOQEfHER WIT11 tll th� knprowrt►�nt� now or h�r�Rsr sract�d on the prop�rty, �nd �II asemsnlE, wPP�rt�onc�s,and
<br /> ,_.��'''�-' AM r I�cMn�nt� and�ddNbna�hRN also bs cawrsd by thb S�curky InstrumsnL
<br /> �```"" fbctuns now or hwwRK�p�rt of th�propMty. �P
<br />-:���.::��--- .
<br /> -�,;�:,�� All of th�forpofnfl Is nf�md to fn thb S�curRy intlrument u th� 'Prop�rty."
<br /> BORROWER COVENANTS lhat Borrow�r le kwluly �slzsd ot ths �et�t� h�reby conveysd �nd has Ihe r{pht to pranl and
<br /> ��`�:�•'�- conwy th� PropaAy Rnd th�t th� PropMty h un�ncumb�nd, �zc�pt for �ncumbronces of record. Barrower werc�nts and wUl
<br /> = =:''�'� d�hnd pm�nAy th�tRN to th�PropWty eq�hsl atl oN�lm��nd dam�nds,eubJ�cl to eny �ncumbnnc��of ncord,
<br /> '�`'° TH13 S�CURITY INSTRUMEN7 combins unNOrm covsnants for nl�tbnd ue� end non•unNorm covantnta wRh NmHsd
<br />' ¢�'' � � vsrytbn�by Jurisd�tbn ta conelNut�a unYortn s�curNy InstrurtNnt covsrhp rswl pro,�erty
<br />="-af41 UNIFOFMA COVENANTS. Bortow�r�nd L�nd�r cownoM�nd�9re�ae follows:
<br /> ;t����"`�— 1. Peyment of Princip�l md IntereN; Prepayment end Lats Ghar�es. Borrow�r ehdl promptN PaY Who^ �p
<br /> due tha rfnc�fnl o�end Inlereet on th� dWt widmc�d by ths Nob�nd any prepayment and lata ohorpes due undar tfis Nots. �
<br /> -�;� 2. �unds for Texes �nd Insurw11C6.SubJ�ct to �pplbabk 41w or lo a wr�tlen wallor by Lender, Borrower shU peY R
<br /> ' .`i�'-�' to Lend�r on th� dRy monthy p�ymenta�re du�und�r►h• Not�� untll lh� Nol� Is peid h full,,a aum ("Funds')lor: (w)ysarN
<br /> "'`" � texes �nd assssam�nte whbh may ittaln p�iorky ovor thls S�curRy Inetrumsnt as � Ibn on ths Property; (b) ysary Is�s�hold �
<br /> - •=.+� p�ymenta or pround rents on lh� Properiy� M ir+Y� (Q) Y�rb hesard or propeAy hsurance premiums; (d)yeery fbod k�aurance �
<br /> °- prNnlums, k lny; (s) yairy mortyape ineur�nce premlums,M any; and (t)any sums pnyable by Borrower to Lender in�ccordance
<br /> ' ^�� , wNh tho provlabns of parapraph 9, h Ileu of the payment ot mortpape Insunnco premiums. Those ftems are calbd "Eccrow �
<br /> ���'"`���� Items." Lender may, at eny time, Collect end ho�d Funds in nn emount not to exceed the maxMum amount a knder for e
<br />''`'�. ,is: f a d�r a l ty n k l o d m o rt p�p e b�n m a y re qulrs for Bortower's escrow account under the iederal Real Estate Sedkment Procedures
<br /> �'.�"z�T� Ac1 of 1974�s Rmsnded hom tNn�to tlme, 12 U.S.C. @ 2601 et ssq. ("RESPA'), un l eas ano t h e r I s w t h e t a p p l b s t o t h e F u n d s �
<br />_;,.,�,���` sMS 4 Nes�r amount. If eo, Lendsr may, at Rny tkne, collect snd hold Funds In�n amount not to exaed lhe baser emount.
<br />_'�'`- L�nder may �stlmate iho amount of Funds dus on the basis ot cunent tkt� end reasoneble estknates of expendRuros ol luturo
<br />��:����� Escrow It�ma or otherwise h accordencs wRh�ppl�nbk hw.
<br /> �����d The Funds ahall bs hsld in an InstRutbn whose deposR6 ere Insured by e feden.!rqency, hstrumentalRy, or sntfry (Includinq
<br /> _;�;�y� L�nder, M LencNr Is such �n hetkutbn)or in �ny Fedenl Ho„ �h�F ods, �nnu�y an�ly„0►e osc ow account,to�vwNY„G
<br /> ��-_« It�ns. Lsnd�r rruy not charpe Borrow�r for hoWhp and �ppy Q
<br /> ih� Escrow Itwns, unksa Lender p�ya Borrower Inter�zt on the �unde and epplicable kw ps►mRs Lmdsr to r►uke such �
<br />••�a N�"� ohup�. Haww�r, L�nd�r maY roquks Borrow�r to pay a ons-tkn� chupe for an htNpendan� real estlh Wc npoRfng��o�
<br />_°-�,'�i us�d by Lend�n c �onnectbn wkh this b�n, unbss �ppNc�bM law provld�s oth�rwise. Unlesa an aflreKn�nt is
<br /> -e�;�� applb�bfe 4w requkes Intxsat to be paid� La�der shall not be requked to pay Bonower any Intsro�t or�aminpe on the Funds.
<br /> _�,��� Borcov+K �nd Und�r may aflrM In wrNh9, how�ve►� that Intenst shall bo p�ld on th� Funds. Lender ch�N pNs to Borrower,
<br /> ,�, wthout Charys, an �nnunl�ccountlno of the Funda, showlny credks and debks to the Funds �nd lhe purpot�� !or whbh each
<br /> � -"" d�bk to ths Funds waa rrNdo. The Funds ere pbd0ed as addRbnal seCUrity lor aY sums seCUred by the SecurRy In6lrument.
<br /> ---��� It th� Funda h�ld by Lender excssd the amounts p�mNtsd to b�held by nppllc�bk law, Lendor sh�ll account to BorrowK
<br /> . la th��xc�ss Fur�ds h �ccordance wNh the nquksnxnts of �pplbabb law.It th�amount o}the Funds hsld by Undar�t any
<br /> a-+F'� tYne is not auBfcMnt to p�y th� Escrow Itxns when due, L�ntier rn�y so notily BorrowK In wrkfno��nd,h euch c�ss Barower
<br /> ahtll p�y to L�nd�r th• amount nscsas�ry to rruke up ths cNfbMncy. Bonower ehaW mak� up th� d�lbioncy In no ma� th�n
<br />•'`�,���� hvelvi monthly plymmte,at Lendsre aole disarMbn.
<br /> Upon paymmt in fuN of aN sums a�cursd b/ thls S�curRy In�trumsnt, Under sh�Y pro�f�o the�cquhRlon or saM af ths
<br /> ---- n�id 'oy Lw�i+iR• ��� ��d�F�T���=Fh -"•� �""`-{'-"Rhsu acquire or aell tha PropeRy,Lender, p a� 'ti�
<br /> _ - Prop�rty, ahaM I�ppry�ny Funds h�ld by Lendsr at the time of �CUulaNbn or aaN as e crstlK apansi tnn sw��: aa.��o��,
<br /> �'� S�curity Inalrum�nt.
<br /> 3. AppllCat1011 of Peyments. Unlass npplfcable kw provldes otherwfse, ail paymentc nahMd by l�nda undK
<br /> pua�rlphe 1 and 2 shaN be�pplf�d: first,to any prapsyrnrnt charq�a due und�r the Not�; wcond, ta amount� p�yabN under
<br /> puapnph 2; thfrd, to ht�nat dur,lourth, to princlpal du�;�nd kct,to�ny kts chup�s du�undor ths Not�.
<br /> 4. Chafqei; Lieni. Borrower sh�N p�y �H nxse, aas�asments, charp�s, fha �nd Impo�kbns attributabN to th�
<br /> Prop�rty whbh may�tt�M prbrity ovar thls S�curity Instrument, �nd Mu�hakl p�ymsnte or yround ronte, N�ny. Bor.owK ehall
<br /> p�y th�s� obNp�tlnns In tho mannx provld+d � Fu�OnPh 2, or M not paid fn lh�t ma^�K� Bo�ow�r sh�N pay �hem on tYna
<br /> dt�cty to th� p�rson ow�d paymmt. Borrow�r shnA prompty fumlah to Le�du �N not�ss of unounts to b� p�id uedK lhk
<br /> p��ynph. If BoROw�r maka th�ss p�ymants directy, Borrower sh�ll prompty fumish to Lmd�r rec�tpri evld�nch0 �hs
<br /> p�ymmt5.
<br /> BoROV+K shaq prompty dlschu�any Ifen whbh hae prbrky owr thls SoCUrky Instrummt unl�as 8orrow�r: (R) Wr�N �
<br /> wrkk�p to th� pRymmt of th� obNpatbn a�cund by th� If�n In a mann�r acceptabb lo L�ndK: (b) eontKts In pood hkh th�
<br /> Y�n by, or d�hnd� �p�lnst �nlorcKrnnt of th�IMn In� MW� P����^fls WhVch h th� Und�s opinbn op�rat� to prnwnt th�
<br /> mfarcKn�nt of th�Wn; or (o) socur�s hom th� holder of the Ibn en �pre�ment satishctory to Und�r�ubordlnatfn0 Ih� IMn to
<br /> thia S�curky InstnirtNnt.��L.�ndw de�erm�►�s that any part of the PropKty b suh�sct►o a IMn whbh rtwy alt�fn p►britY ovsr Ihls
<br /> - - - -- Sscuriiy Instrument,tand�r m�y pNs Bortower e not�c� fd�ntMylnp the INn.Bonower nhaN atlsfy th� Nm or tak� on� a mon of
<br /> Ihs�ctbna s�t forth abow wkhh 10 d�ys of th�pfvinp o1 nottC�.
<br /> 6. HeZA�d or Prop�rty Inwrance. BoROwer 6heN kNp ths fmprowments now�oc�sthp or h�rsaRer N�Ct1d an th�
<br /> PropKty fnsurad apdnst bss by fka, hanrds hcludad wRhln th• txm "axlandod covera9a" and any oth�r haxuds,hcludin�
<br /> Ibods or Ibodinp,for whfch Lendsr requkes Insurancs. Thfs Insurance shdl be mahtaln�d h th� 4maunt3 snd kr tM p�rbds
<br /> �-- that L�ndor nqulns. Th� Insuranca carrMr provklinp tha InEUnnCa th1�11 bY choc�n by Borrowir subJ�Ct to Le�dsr'��PPro�a�
<br /> whbh eh�N not b� unroasonaby wNhheld. II Bortowsr ftlls to malntaln covKap�d�scrb�d �bow,LendK rrNy, �l L�ndws
<br /> optbn, obtah coven9s to p�ot�ct L�ndar'e riphte In th�Property in �ccordu+c�wkh pu�yraph 7. claus�. L�nder
<br /> �—��� All Inaurancs polbbs and renew�b shall be acceptobk to Lender nnd sh�Il includ� � sl�ndard mortpaps
<br /> -.�,�� shall haw th�rfpht to hold the polkws �nd nnewals. If Lande roqulros,Borrower eh�H prompty q�w te l.�^dK r��nc��Pts of
<br />�� pald premlums end renewal notfcee. In the ewnt of bss, Bortower shell pNe prompt notfce to the insursnCe cerrbr and Londsr.
<br /> -�r1hRSL�� ����y make proot of loss M not mad�promptly by Borrow�r.
<br /> c1•..t,:'
<br />�-°t;��,�� Unisss Lend�r and Borcower otherwfse �p�ee In wrN„0� Insurnnc�procwids sh�N be applied to rostoratbn or repi o t o
<br /> -"�������•• PropKty dama0�d�N th�rostoratbn or rep�k Is economfcally lea�fbb and LK:dx's security Is not Ines�nad. II th�rwtlaatbn or
<br /> �t>"�"""t" r �Y b not t,conom{caly leaefbk or Lender's oecurNy would be leassned,lhe insunnce proCeeds ah�N W�pp�kd to the eums
<br /> °_..,�,•-.�-,. sP
<br /> ��� �- secunc! by thls S�curity tnstrumw�t, whelhar or not thsn due, wkh any excess pakl to Borrowsr. II Borcower ab�ndon� t o
<br />`u:�,��-�*�" PropKty,or do�s not answar wkhin 30 deys � notbe from l.ender th�t the fneurance certNr hse ofla�d ro s�ttY a ckfm,lhsri
<br /> � L�ndsr may collect tho fn5ur�nca prxaads. Lsnder may use the procaeds to raplY' or restore the Prope�ty or to p�y sums
<br /> � sscured by thls Securily Instrument,whethx or not then due. The 30-day pe►bd wiN begh when ths notice Is ph�en•
<br />- • ? Ikatbn ot proc�eds to principal shail not e�ctend or
<br /> _ � Unbss Lendir end Borrower otherwise eprge h w�nr+o� any epp
<br /> postpone the du� date of the monthy p�yments raterred to In pareflraphe 1 �nd 2 or chenpe the emount of th� p�ym�nts. It
<br /> �•� under peraflraph 21 the Property Is acquYed by Lender, Bortower'9 rfpht to eny fnsurance polfcbs ond procaeds resuRfnp kom
<br /> "�� � dam�0e to the PropertY prbr to th• acqulsRbn shall pass to Lendu to the exbnt of the suma by thfs Securky Instrument
<br /> �r>>¢~ ' knmedl4tely prbr to the acqufskbn. • B01't'OWCf'8 Loan
<br /> �_�_
<br /> � .._______.�__ .,_�.,•�.,...�.. .�� protection of the Property,
<br /> __.- -�- - - -�--�--- 6. Uccupen�y, rfCSC�swuv�q ..�......�......�_ -'-- - -
<br /> ., �• . Applicetlon; Ll�SEh01d�. Bortower sh�ll occupy, establish, end use the Property es Borrowor's prinC�pat res�uence wiinin
<br /> �� sixty deYs after the execulbn o( thls Security Instn;ment end shall conthue to occupy the Property es 8ortower's prinCfpal
<br /> reskience tor at least one year aher the date of occupancy, unless Lender otherwise aqrees fn wrkinp, whbh consent shaN not
<br /> be unreasonably withheld, or�nless oxtenuatinp ckcumstonces exfst whfch are beyond Borrower's control. Borcower shetl not
<br /> destroy,damaAu or impek the Propsrty, albw lhe Property to deterbrete,or commR waste oi� tho Property. Borrp+ver ahall be In
<br /> fn forfeHu enottthe�Property or�otherwl edmaterialy tknpsk therlienkcreat d by�thlstSecu��ty�et�►umont ortLend�s securiryufnt�st�
<br /> �� Pop� 2 0l 6 ��� ��
<br />� ' Ft��E.LMOl�O/4!I
<br /> cezs,
<br /> • I _
<br /> __...__
<br />
|