|
>.• .. :. _ _ _ _
<br /> . ._ . ., , e� ,�,._ .�=s�€� � '' ► ,-
<br /> 9.�>s. d (? u�3-w �.4i^.�f'�;.4ii s�t�q�:'-�J'.fl�auaLK:•l.t - � � t i •.i� , c+' n
<br /> _ '�►�A�t���aS�r�Cuviara,«�ss.,w�t`�sf„�•� �m��s��:.i��t<�N`...•��,2��'rtf7r.�5�c�R�,�°,��.&.1^°..� `�.Y_ •:a�:�3�s�...F<.s., �-•,.--- — ---
<br /> - \s.i t�i:�t��='+�-.��`£1��"S`S`A��ek�ts
<br /> i
<br /> r
<br /> - — . i . . . __ . .. � ._
<br /> ��� ioo�a�
<br /> UlVIFORM CAVEPtANf5. Bor[+aRer ax►S Lehdes covenant su2d agree as follows:
<br /> l. Paysedt of�i�Ci�e!a�W Lte�es�Prepayme�t and�Ste CTi�cges. B°1TOwer shall promptly pay when d�e �
<br /> the principal of and interest on the debt evidenced by the Note and any Qrcpayment and late charges due�nder the lvote.
<br /> 2. Funds[oe Ta�ces aad Iasaraace. Sublect Yo apgficable law or ta a written waiver by Lender.Borrower shall pay
<br /> — to Lendu on the stay monthly payme�ts art due under the Note,unti�the Note is paid in fuU,a sum C'Fur�ds"j equa!ta
<br /> r onatwelfth o1s (a) yearly taxes and asssssments which may attain priority over this Security lnstrument; (b) yeariy
<br /> leuehold paytaents or gsn�nd rents on the Praperty, if any; (c} Y�arIY hazard insurance prert:iums; and (d1 yearty
<br /> m�g��e j�rance pr�iums,if any.T��se itsms are calied"es�raw items."Lender may estimate the Funds due on the
<br /> basis af curreflt data and rsas+�nabfe esiimaies of future escrow items.
<br /> The Funds shali be hdd in aa usstitutioa the deposits ar accounu of which are insnred or guaranteed by a federal or
<br /> state agency(inctuding Lender if Lendu is sacb an institurion). I.ender shall appiy the F�:ndS to pay the escrow items. .
<br /> ' Lender may not eharge far holdang and applying the Funds,analyzing the account or verifying the escrow items,unless
<br /> Lender pays Borrower interest on the Funds and applicable law permits Lender to make sucb a charge. BonoWer artd
<br /> Lender may agrte in 9vriting that interest shaU be paid aa the Fund�Unless an agteement is made or applicable!aw
<br /> requires interest to be paid,Lender shall not be required to pay Borrower any interest or earnings on the Funds.Lend�r ,
<br /> � . sha11 give to Borrower,without charge.an annual accounang of the Funds showing crediu and debits to the Funds and the
<br /> pttrpose for whi¢h each debit to the Funds was made.The Faads aze pledged as additianal security for the sums secured by
<br /> thisSoCttiiEY iastttl[nent. � •
<br /> . � If*'�p amcunt af the Funds held by Ixctder,together aith the future montbIy payments of Fards payaJ*'�z prior to �
<br /> ttu d�e d3t�of t�e�w items,shall exceed t��amount re�uired to pay the escrow items when�:�e,the exa�shall be,
<br /> at 8oaav`�z's optiort,�iher promptly tepaid to Barrower�r credited to Borrower an raanthly pa4rsents of Fc��if t�.e
<br /> amaunt af cL�Funds��Id by Leuder:�not sufficient to pay t3J.��scrow items when due,.I�onower shall pay to -�..—�.er any
<br /> amount aexssary to make up the'd��rr�cy in one or more g�yrents as required by Lc��:r- _
<br /> Upoa payment in full of all s».-ns secured by this Secc�rity Instrument,Lende:-�hhatl promFtly refund to Bortower -
<br /> � any Funds held by Lerzder.If under paragragh��the Property is sold ac:�.,uired by Lender,Ler�r_r,shali apply,no later ,
<br /> than immediately pric�io the sa!e.of the Pro�rty or its acquisit��n h�.L.�1.'.er.any Funds held�?�b.ender at the time af
<br /> _ applicatir_w:as a credit against tke:�;s�secured by this Secuaity Instrucne:.w-
<br /> 3...A�qlication of Psya[ezs. Unless applicabte l��r provides otk:�rn�se.�Qayments received by Lender under .
<br /> paragraF��t aact 2 s�.:.`4be appli�:first,to late charges due under the Ncz�,second,to prepayment charges d�:under the
<br /> Note;ths�3,ta am�uc�;�ayable under paragraFLL:;fourth,to interest d�-.sr►d last,to principal dee.
<br />� 4. Clsarges;1�:+'as: Borrower shall pa:�3]taxes,assessments,charges,�nes and ifnposi��ns attdbutable to the
<br /> Property w:aich tnay,�'c�ain prie:^'..ry over this Security Instrument, and leasehold payments or grocnd rents, if any.
<br /> Borrowershall pay thess obligatir_rs in the manner provide���paragraph 2,or if nor,::Vd in that manner,Borrower shalf ���.';
<br /> ,: ;
<br /> pay them on time direetfy to the gz.son owed pavcaent.Bcrrsa+er shall promptly fur�;._1�to Lender all notiees of amounts �>
<br /> to be paid under this paragtaph. If Borrower mai�s these payments directly,Bonower shall promptly fumish to Lender �'�`''
<br /> receipts evidencing thc payments. , ..
<br /> Borrower shaU pramptly dissharge any lien which has priority over this Security Instrument untess$orrower:(a) ; �;
<br /> agrees in writing to the payment of the obligateon secured bv�.he lien in a manner acceptable to Lender;(b)cantests in good
<br /> faith the tien by.or defends agairest enforc�ement af the lien i!�,tegal proceedings wlhich in the Lender's opinion operate to , .
<br /> prevent the enforcement of the lien or forfeiture of any part of the ProFerty;or(c)secures from the hnlder of the lien an � ' --
<br /> � agreement satisfactory to Lender subordinating the lien to this Security FcTstrument_If Lender determines that any part of , _
<br /> the Property is subject to a lien which may attain priority over this Secu�ity Instrument. Lendzr may giv�Borrower a
<br /> notice identifying the tien.Bflcrower shall satisfy the tien ar take one or more of the actions set forth above within 10 days
<br /> of the giving of notice. �
<br /> S. Hazard Insurance. Borrower shall keep the improvements now eaisting or hereafter erected on the Propeny ��
<br /> — insarod against loss by fire,hazards included within the term"extended r,a-�erage"And anyother ha•cards far which I.ender
<br /> cequires insurance.This insurance shall be maintained in the amounts and for the periods that I.ender requires. The .
<br /> . insurance carrier providing the insurance shaq be chosen by $arro�ver subject to Lender's approval which shal! not be �
<br /> unreasc;xably withheld. �
<br /> A1l insurance policies and renewals shall be accepiable to l.ender and sha11 include a standard mortgage clau.e. �:
<br /> I.ender shall have ihe right to hold the policies and rencwals.If I.eader requires,Borr�wer shali promptly give to Lender .
<br /> al!receipts of paid premiums and renewal notices.In the event of loss.Borrower shall give prompt notice to the insurar.ce .
<br /> carrier and Lender.Lender may make praaf of loss if noi made promptly by Borrower.
<br /> Unless Lender and Borrnwer otherwise agree in writing,insurance proceeds sl�af.!be applied to restoration ar rep�ir
<br /> of the Property damaged,iP the restoration ar repair is ecanomically feasible and L4��::er's security is not lessenecl.lf the •
<br />— restoratian or repair is�at economically Peasible or Lender's security would be lessened,the insurartce proceeds shall be
<br /> applied to the sums secured by this Security Instrument,whether or nat then due, with any excess paid to Borrower. If
<br /> BorroK•cr abandons the Praperty.or docs not answer within 30 days a natice from Lender that the insurance carrier has
<br /> offered t.o s�:itle a claim,then l.ender may collect the insurance proceeds.Lender rray uae the proceeds to repair ur restare
<br /> the Proger'ty or to pay sums secured by this Security lnstn�m�_nt.whether or�ot the�due.Thc 30•day peria�will begin
<br /> when the natice is gi4 en.
<br /> — Unless l,endr.r ynd Borrawer otherwise 4gree in writing,�ny application of praceeds to principal shaU nar extend cr
<br /> � postpone the due datc of thc monthly payments referred to in paragraphs l and 2 or change the amount of'the pAyments.If
<br /> under paragraph 14 the Property is acquired by Le�ider.l3orrower's right to any insurance policies and proceeds resuiting
<br /> from damage to the Praperty prior co the acquisition shall pass to Lender to the extent aP the sums secured by this 5ecurity
<br /> Instrumer►t immediately prior ta Ihe acyuisition. `
<br /> 6. Preservation and M9intenance of Property;Leastholds. Barrawer sh�ll not destroy,damabe or substantialiy
<br /> change the Proper�y. a11ow the Froperty to deteriorate or commit waste. DP this Security tnstrumcnt is��n a teasehatd,
<br />,- Bonower shall r�mply with the provisions of the lease,and if Borrower acquircw fee tidc to the Properly.thr le�set�ulel and ______
<br /> fee titie sfiall m�t rtterge unless Lcnder agrees to the merger�n writing.
<br /> Y. Pratection ot 1.ender's Rights in the Property: '.Norty,s►Re lnsurance. IP Borrower fails tc� perform the
<br /> � coven�nts and a�reements contained in ihis S:eurity Instrument.or there is a legal pvc�cceding that may significantly affect
<br /> � Lender's rights in the Property (such as a proceeding in bankrupiey. prnbate. for candemnation ar to enforce laws ��r
<br /> -� regulaiions).{hen L.�fidCr tflay c�o an�pay farwitatever is neeessary t�pruteri ihr 4aiuc c�f ihe Pres�rt�a�c3�,enc�es's ri�his '•_ _
<br /> in thc I'roperty. Lender's artians may inclu$e paying any sums scrurcd hy a lien whtch ha�pri��rity �cer thit Securuy ��
<br />� Instrument,appearing in coutt.paying reasunable attorneys fees and enterin�un the 1'roperty tn make repairs. AUhough
<br /> � Lender m�y take actia»undet this paragraph 7,Lcnder does m�t ha��e tc�dc�s�+. �
<br /> Any�maunts d�sburse8 by Ltnder undrr this paragoaph 7 shall be::omc add�tsunal deM of Nctirtawcr stcured hy t6u�
<br /> Secur�ty lnstrument. Unl��s���rruwer and Lendcr agree to other terms of paymcnt,these z+m��untti�hali bear mterc�t lr��in r.
<br /> thC date r�f dishursernent a! thc Nutc rate and �hall be �+ayahle, ti►�th inleresl. upun ni�Utie fmcn 1 cnder t�. Hc+tri+«cr ��
<br />� reyuestmg paymenl. t
<br /> �
<br /> �► � ,
<br /> � {�t' �
<br /> ,.�_.
<br /> —=.+.
<br /> =�.f-�� ,
<br /> =�`�.
<br /> � �:';
<br /> 1 � .
<br /> ., ,
<br /> , , �.-.
<br /> . ' i.:
<br /> ._..._�..._..._ . .
<br /> -....� __i. '.�, }.. a.a� ..,� +��t. n:_.9.'w�u _ �;._..,. ._ . ....._ - -_.. ._ .. "'_ . ..
<br /> --_-. . •:•l C�/T.•���t�.�1�..,1.Lb)� ,y t Y��t'LY.�L . , •• •
<br /> - ,,.u..._ . , tin.. , , _, a.-,: 3ia�Jnb �rJy,c:�Na . . . ,
<br /> �-.._. ,. ... _ .
<br /> : -=
<br /> _____.._.� v-_x._. ' . . . . . _
<br /> - - , _ «�.' .
<br /> __ -_- - _ _ _ _- ---- — — - - —— --- ---._ __
<br /> - -.-..-- -- --- - -_ --� —_ --. �_-� � , • � -
<br /> : U . _
<br /> - . • . _. .�__ . . .
<br />
|