|
. . . .
<br /> �eGr -�.:�wt¢ ' .:.., o.a���:�•..w�.S�.�,�,e.w�...:, . ,'sct.��'��___ �r. � .; _ i icttl. ,mai�c �� N�c:.:b.,..:t�a - ' _ ).cn_r:ns:,�._�vti�..._..-°
<br /> __ �' �l>ti.� AS�u•��i�kfl.•:t.
<br /> �sr•;:r_. - .,.Sn�x•-;.y`�} _ � _ �F�3i':. "�=ZSL:2.��_�"-�--•'-��_- ___��"__:'`�m��.�.ti:'dii7.-.�i�t�tii.er:�S�i'-2 �� .�.fs� � __.
<br /> � � . __�. _ ' �
<br /> 90— iao5o7 � �
<br /> Ut��FO�tM COvEN,►NTS. �Borrowcraad Lender covenant a,nd agra as follows:
<br /> 1. Ry�taf o/Prt�cl�l aed Liter�a�pre�ayt�eat aad Y.�te Ch�rg�es. Borrower shafl promptly pay vvb�rs due . ,
<br /> t1�prinripal af�d interest�n the debt evidcnced by th�Nott and ainy prepayment and tate chazges due under th�1Vote.
<br /> _. Fsnds tot Tiaes ud Insaruee. Snbjert tQ applfrable law or to a written waiver by�.ender.Borrnwer shall pay
<br /> so d.ender on the day monthly�yments are due under the Note,untif the Noi=is paid in fu11,a surr►( fun�ds")ec�ual to
<br /> ("' onatMdftb of {a) yarly t�xes and a�sessments whish may attain priority over this Securety tastrumept; (b) yeartp
<br /> R teasekold paymerts or grounrl ronu on th.e Praperty. if any; (c) yrady hazard insurance premiurrss; and (d)yrarly
<br /> — martasBe insuraace praniums,if ar�y.T�hese items are�Ied'esciow items."�.tnder may essisnate the Fesnds�ese on tlir
<br /> 6�is of currmt data ar�a rea�oa:ble estimates of future escrow items.
<br /> The Funds shall be�eld ia an institution the depa�sits or accounts of whicb are insured or guarantad b�a fedtral or
<br /> , stat�a�ency(iasluding Lender if I.ender is such an iastitution). Lender shall apply the Funds W pay the escrow items.
<br /> Leader may not charge for hofding and appfying the Funds.aaalyaing the account or verifying the escrow items„unYess
<br /> . I.ender pays Bormwer interest an the Funds and applicable taw permits Lender to make such a charga Horroaet and . '
<br /> Lender tnay agree in writinE that interest shall be paid on the Funds. Unless an agrament is made os applicable Iaw
<br /> — roquires intaest to be paid.Lender shall not be required to pay Burrower any interesi or eami�gs on the Fnnds.Lender
<br /> , shall give to Borrawer,without ef�arge,an annual accounting of tne Funds showing crcdits and debits to the Funds and the
<br /> - , purpose for which each debit to tde Fnnds was made.The Funds are ptedged as additional security for the sums secured by
<br /> • this Se�curity Instrutnent.
<br /> . If the amount of the Funds held by Lender.together with the future monthly payments of Funds payable prior ta
<br /> _ the dus dntts of thr escrow jtems,shall excad the amount required 4o pay the escrow items when due,the excess shall be, .
<br /> at Borro�ver's option,eitber promptiy repaiti to Borrower or credited to Bonower on rn4�ithly paymenis of Funds.If the
<br /> araount of du Fands hetd by I.ender is not snfficient to pay the escrow items when dne,Borra�v�r�i�all pay to Lender any � .
<br /> aq�ount nocessary to make up tbe defic�ency in cra,e or more payments as required by Lender.
<br /> Upan payment ira full of all sums secure��y this Security instrummt,Lender sball pram�ii reEund ta Borrower •
<br /> a�p Fu�s held by i.ender.If undea paragraph 19 the Property is sold or acquired 6y Leader,Lender shal!a�'�;no later
<br /> �i��xdiately prior to the sale of the Propert,�or its acquisirion by Lender,any Funds held by Leader at�.;ze time of
<br /> appfication as a credit against the sumssocured tty tS�is Security Instrumer_�.
<br /> 3, Ap�liprtEos ot Psya�etr. Unless�r ticabte law provides�tC�xrise,aA payments rea���.�by Lender undcr
<br /> paragraphs 1 and 2 shall 4x applied:first,to late charges due under the I��;�cond,to prepa}rmen�cfiarges due uader the .
<br /> NotC third,to amounts payable undsr paragraph 2;fourth,to unterest dn�and 2ast,to�:��cipal du�.
<br /> J 4. �tr�e�:Liea�. �orra��sha11 pay all taxes.�sments.charges,fin�.�u�-aposieion�attribur�i'sl'e to the
<br /> Praperty wl�icb may attain priorit� over this Secwity Instrument, and leasehold payments c.-,�QUnd rents. if any.
<br /> �ocro�ver shall psy thae obligations in the man..�:r provided in paragraph 2,or it'not paid in th�a rca�*�er,Borrower shall �
<br /> �ay them on time directly to the person owed ga,v��mt.Borr�wer sha11 promptly fumish to Lendr��[aatices of amouats - �
<br /> - tp be pa�3 cindtr this paragraph.If Borrower�*.�Tic�these���rs�:�nts direetly.Borrowcr shaU prom�?:�feirr�;.�h r,o L.ender � �
<br /> receipts evi�fencing the payments. �
<br /> Borrowe�r shall pramptly discharge any U�avhich has priority oti��this Security Instrument unless Borrower:(a) . i, ,.'�
<br /> agrus in writing to the payment osthe obGga�r��„�red by the tien in a�r;3srner acceptable to Lender;(b)Contests in good
<br /> faith the lien by,or ddertds against enforcr���e,l the lisn in,legal prace�ings which in the Lender's opinion operatc to • ��- �
<br /> prevrnt ihe=nfarcement of the 1ie Amr. .f��''c�:��of any part of the Property;or(c)secures ffom the holder of the lien an � -
<br /> agrament satisfactory to I.ender s¢E�,.-�'�z:i��!he tien to this Security Instrument.tf:ender d�termines that any part of ' �-_
<br /> the Property is subject ta a lien which may a^a;a priority over this Security Instrument, Lender may give Borrawer a -
<br /> notdce identifying the 1;�!.Borrower shalt satisC���f:e lien or take one or more of the actions set forr.h�tzove within 10 days �.;-
<br /> qf the giving of notice. _
<br /> , S. Hvar�Iaa�aace. Borrower shall keep the improvements now existing or hereafter et�Y 2d on the Property � '- ���?�
<br /> � insured a��ut tass hy fire,hazards included within the term"eztend�d coverage"and any othar hazards for��:ich I,ender i
<br /> , roquires i�:::anca �'��rs insuran�e shall be maintained in the amounts and for the periods that �,eader rs�c��ires. The
<br /> • insursnce carrier pr��°r�;ng the insurance shal!ir.chosen by Horrower sT��ject to Lender's appra,�;�C whi�h shall not be
<br /> unreasonablywithht�.�.�- �
<br /> All insurance policies and renawals sha„ae acceptable to Lender and shal!include a standard mortgage clause.
<br /> Lender shal!have the rigrit to hold the policies and renewa(s.If Lender requires,Borr¢�rer shall promptly give to Lender �
<br /> all roceipts of paid premiums and renewal notices.In the event of 1oss.Borrower shail give prompt notice to the insurance :�:
<br /> carrier and Lender.L4r�!er may make proof of[rrss iPnot made promptly by Bo�rower. ---
<br /> Untess Lender a.n�),Sorrower othenvise agree in writing.insurance proceeds shall be applied to restoration or repair '':?�;
<br /> of the Property damaged:,iPthe resioration or repair�s economically feasible and Lender's security is noi lesserted. If the
<br /> _ restoration or repair is not econans.ica]Iy feasible ar Lender s sccuriiy woutd be tessened�the insurance proceeds shall be � �
<br /> applied to the sums secured by this Security Instrumont,w�:ether or not then due,with any eacess paid to H�trower.lf
<br /> Borrower abandons the Property,or does not answer within 30 days a notice f'rom Lender that the insurance carrirr has
<br /> offered to settte a ctaim,ihen Lender may collect she insurance proceeds.Lender may use the proc�ed�so repair or restore
<br /> the Pruperiy or to pay sums secured by this Secnrity Instrument,whether or not then due.Ths 34�lay period will begin
<br /> when the not'tee is givtn.
<br /> Unless Lendtr and Borrower atherwise agree in writing,any application of prace�ds to pr�ncipal shall not extend or
<br /> -- postpone the due date oithe monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.lf
<br /> under paragnph 19 the Ptoperty is acquired by Lender.Sorrower's right to any insurance policies and proceeds resulting
<br /> trom damaae to the Properiy prior to the acquisition shall pass to I.ender to t he extent of the sums secured by this Security
<br /> instrument immediately priar ta the acquisitian.
<br /> 6. PraerrYtion and Maintenance of Property;l.easeholds. Harrower sha11 not destroy.damage or substUnti�lly
<br /> � � change the�"roperty.allow the Property to deterioratt or cammit waste. if this 5ecurity Instrument is on a leasehold.
<br /> � Borcower ahall comply wilh the pravisions oPthe lease,and if Borrowcr acquires fee title to the property,the Ieaschold and __.- - ---
<br /> �a titk shall not merae unkss Lender agrces to the merger in writing. ' �
<br /> �. Protectioe of Lender's Rjgbts in t6e �'rooerty; Mortg�ge lesurance. If Rorrawer fails to perform the
<br /> �� ctrvenants and agrtements contained in this 5tcurity Instrument.or there is a legal proceeding that may significantly affect �
<br /> Lender's�iahta in the Property (such as a proceeding in bankruptcy. probate, for condemnation or to enforct laws�r ' �
<br /> � a=ulxtinns�F the�!�n�!r mag d��p3y.�t��h;.te�ltFts sszressary ta FFOte�i ii�r�uEur��fi lirc f'rop�riy and I:ertdcr s rights �
<br /> in the Property. Lender's aclions may include paying any sums secured by a lien which ha��+rior�ty uver Ihis Secunty •
<br />—�� insuumer►t,aprr,asing ia�o��_*t,�+A��ne�rrcf�j��f�l;,s=turr.�ys fces and eniering an t he Yraperty to inake rep�irs. �thc�ugh �
<br /> L LenAer may take action under�his paragrsph f.Lender�toes n��ha�e to do so. ���;
<br /> Aoy�mounts disbursed by Lende�under this paragtaph 7 shall 6ecam:aJd�tional debt�f t3orr��wer secure�hy this
<br /> 5ecurity lnstrumrnt.Unless 13nrr�wec c�nd I,endcr agm tn other terms nf p�ymcnt,ehcse amvunts shaU be�r intcies4 frorn N
<br />�,� tht clate of d'isbursement nt the Nt►te rate and Shall be payable. wiih intcrest. up��n nuttre fr��m l.cnder ti• Hur�uti�er
<br /> reqaestina psymenl.
<br /> � �� � ,
<br /> .� �
<br /> ��t
<br /> --.
<br /> J.
<br /> �Fi j
<br /> �_���:�
<br /> rr�.• c
<br /> i4" :.f
<br /> 4=`T.;' i
<br /> ,�'} .�
<br /> �,,
<br /> �
<br /> _ �.... � . . . .
<br />
|