|
T .
<br /> . , .
<br /> . .:. ._
<br /> .�;�:wF.n.- �.,r , .. .-.r::i . ��_(-.;a:� • .. �:r ::n�.'n.r• ����{,���,.� 'w� '-.s:•. .r.[ �it-.�..� ..,a
<br /> :
<br /> .
<br /> _�;,: - _.—__Zur;�.a+.t,CE£�R�..�.Sit ' '.':• ,.�..C.. }�•�.�``-�- � —_ �"i>:S:.' ' .i7:,:... �Y,3��-�.���-w.,•��d��.fk3L�gF���:"sS��:�z.�x�=3i.c .-��._�l_r..
<br /> . � . � ��.-.�...^.w.�
<br />- . _ .zLtcfnW�Ri� _ _t��-�.a.s_%�u'��+IiiQE61�ti.��IIE�S"yi_ ''1.��+•-'"'.`_-'�'t 1C: ' ' _- —
<br /> — _. ' _'_— _----"__�.��� —_R 1� :GLF:2�' __ .
<br /> _—.____ . � -- i �
<br /> � �o.=s.00��� �
<br /> U!�t6oRM CovElatwt�tis. 8onower and Lender covenant and agree as follows:
<br /> l. Paymtat o!Principsl an�Intues�Prepayment and�I.ate Charges. Borrowet shall promptly p2y whe�due
<br /> she principal ofand interest on the debt evidenced by the Note and any prepaym�nt and late charges due unda tke Note.
<br /> 2, Fnnds tor T�es�d Iesutaace. Subject to applieable Iaw or to a written w aiver b}L.ender,Borrower shatl pay .
<br /> to Lender on the day monthly paymenu are due undet the Note,until the Note is paid iri full,a sum("Funds")equal to
<br /> r one-tweUih of:(a� yearly taaes ancl assessments which may attain priority over this Securit} �nstnument; (b� yearly
<br /> - teasehold payments or groursd rea�ts on the Property, if any; (c) yearly hazard insusance pre.miums;and (d) yeazly
<br /> moitgage insurance premiams.if any.'fhese iteins anc called"escraw items."Leader may esiimate t�e Funds due on the
<br /> bas'ss of current data aad reawnabte estimates of future escrow items.
<br /> 'I'hs Funds shall be held in�n institution the deposi[s or accounts of,�fiich are insured or guaranteed by a fedcral or
<br /> statc agency(including Lender if Lender is such an institution).,I.ender shall agpIy the Funds to pay the escrou� ite�ns.
<br /> _�: . Lender may aot charge for holding and applyiag the Funds,analyzing the aceount or verifying the escrow item�, uniess
<br /> Lender pays Horrower interest on the Funds and applicable law permits Lender to make such a�harge. Bosrower and
<br /> � Lender asay a$roe in writin8�hax intuest shall be paid on the Funds. Unte�an agreeraent is made ar applicable la+�r . ,
<br /> ' sequires interest to bc paid,Lender shall not be required to pay 8orrower any intere�t or eamings on the Funds.Lender � ..
<br /> shall give ta Burrowcr.wilZtouE chaa'ge,an annua!accounting of the Funds showing credits and debits to the Funds and the . . . , ��','�.
<br /> putpose for which cach debii to the Funds was made.The Funds are pledged s�,s additianat sec.vrity for the sums secured by ; � _ �,� :���
<br /> . this Security Tnstrument. � �'�
<br /> If the amount of the Funds held by Lender,tagether with the future monthly�L�r�.nts of�Funds payable prior to ` , .
<br /> the due dates of the escrow items.shall exceed the amount requirad to pay the escrow it:�s when d�:.�.the exeess st�all be, : .
<br /> at Borrawer's aption,either promptiy repaid to Borrower or credi:ed to Borrawer on monLhly��:��:ts of Funds.If tha �
<br /> ' amount of the Funds heId by Lender is not sufficient to pay tt-��row items when due,Bonower::T•:f.`t.pay to I.ender any . . , � �
<br /> amonnt r.�cessary to make up the deficiency in one or more pa.yrU.�ts as required by Lettder_ .
<br /> U�;�ayment ist ful!of all sums secured by this Se�uri:y Instrument,I.ender shall promptly refund to Bonower . . ,
<br /> �. any Funds held by�.e,^..t..i�..r.Jf under paragraph 19 the Property is sold or acquired by Lender,Len�e*shall apply,no later . � �;�, �
<br /> than immediateiy psiar tn the sate of the Property or its acquisition by Lender,any Funds held b�i.eader at the time of �
<br /> application as a credit against tl�e snms secured by this Security Instiruraent. .
<br /> ; 3. Appliearion af Payments. Unless applicable law p*ovides otherwis�all payments recei��ed by Ti.ender under
<br /> paragraphs 1 and 2 shall be applied:first.to late charges due under the Note;second,ta prepayment charges due under the
<br /> Nnte;third,to amounts r.,ayable under paragraph 2;fourth�to interest due;and last,to principal due. .
<br /> l 4, Ch9rges;Ir�s. Borrower shall pay�taxes,assessments,charges,fines and impositic�-s attributabte to the
<br /> �roperty wh.�;.h may �`r..�R..T� priamty,over this Se:nrity Instrnment, and leasehold paymenu or �und rents, if any.
<br /> Borrower sha:L�pay 4hese obligations in the manner provided ir�aragraph 2.or if not paid in that manaer.Borrower shall � ,
<br /> pay them on ssme directly to the pers�:r owed payment.Borrower shall prornpdy furnish to Lender all notices a`�'nounts
<br /> to be paid under this pa�a3taph.If»arrower makes these payments directly.Bonower shall pror��tly furnish to Lende� ,
<br /> � receipts evidencing the payments. .
<br /> Bonower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a) ;
<br /> agrees in writing to the payment af the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good
<br /> faith the lien by,or defends against enforcement af the lien in,legal proceedings which in the Lendet's opinion operate to � �_
<br /> g�revent the enforcement of the lien or forfeiture of any part of'the Property;or(c)secures from the holdes of the lien an
<br /> agreement satisfactory to Lendet subordinating tl:r�ien ta this 5ecurity Instrument.If Lender deteeaines that any part of
<br /> ; the Property is subject to a lien which may atta'sR priority over this 5ecurity Instrument, Lendc�nay give Borrower a _ `
<br /> notict identi£ying the lien.Borrower shall satisfy the lien ar talce one or rrtore of the actions set forth abave within 10 da�s __
<br /> � : of the givir�W 4notice. , —
<br /> 5. Harud Insur�nce. Bonower shal)keep the improvements now eaissing ar t�Preaftet erected on t��Properiy t��
<br /> .:�ured against Ioss by fire,haza�ds included virithin the term"extended coverage"and any other ha.�;;�r�3s for which Lender
<br /> reauires insurance. This insurance shall be maintained in the amounts and for the periods thar:F,ender requires. The
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Ler.�:r's approval whiclh shall not be !
<br /> ,
<br /> � unreasonaEly withheld. ' �.
<br /> � All insurance policies and renewals shall be acceptable to Lender and shall i:::Cw�e a standard mortgage clause.
<br /> G:nder shall hnve the r��.5t to hold the policies an�renewals.If Lender reeuires,Borro�:er s!�all Fromptly give to Lender �.
<br /> alI recaeipts of paid pre���ms and renewal noticc�.r�the event of loss,Bou r�wer shall g�ti��:rea�Ft.r�tice to the insurpnce ;..; .
<br /> ca�rier and i..ender.Lender may make prooPof lasi:�^ot rnade N romptly by Borrower. `��;
<br /> Ur�?.�s l�nder and Borrower otherwise agree in�ricir.�.,lnsurance proceeds sI�al L Le applied to restoration�r repair � �
<br /> of'the Property damaged,if the restoration or reF�i�:s ecc::c:nically feasibte and Lc�:ds:*'s security is not lessened. If the
<br /> restoration or repair is not economically feasi�ie cr Lender s security wau.(d be.c-��_��:_d,the insur�nce proceeds shall be
<br /> aRplied to the sums secured by Ihis Security Ir.�trLLmcnt,whether or ne!tit-en dL:, w�ith any eac�5 paid ta$arrower. lf
<br /> Borrower abandons the Propeny,or does not ar.�wer within 30 days a nei�ce from I.ender that the insurance carrier has
<br /> ot�ered ta sElsle a claim,ihen Lender may coltect the insur2r.ce;:oceeds.l.ender may us�ahe proceeds to repair or restore
<br /> � the Propesty ar to pay sums�eecured by this Security lnstrun�n�,whether or not�ht�i du,e.The 30•day period wil)begin
<br /> - when the notice is given.
<br /> Unless Lender and Borrower otherwise a5c�in writing,any applicat+on af proceeds to principal shall not extend�r
<br /> postpone the due date of the monthly payments referred to in�aragraphs 1 and 2 or change the amount of the payments. lf
<br /> under paragraph 19 the Property is acquired by Lender,Bcrrr���ver's right ta any insutsr�:e policies and proceeds resulting
<br /> from dam�ge t�the Propeny prior to the acquisition shall Fass to Lender 10 the extent c�f 4he sums secured by this Security
<br /> lnstrument immediatety prior to the acyuisitian. �
<br /> 6. Preservation aed Mainteeance of P�o��riy;L.easehnlds. Borrower shall not destroy.damage or substantiully
<br /> � change the Property,altow the Property to deteriorate or commit wuste. ]f'this Security Insirument is�n a leasehold,
<br /> — �orrower shall comply with the provisians of the lease.and ii'Bnrrower acquires fee title to the Property.the leasehold and :-� --_
<br /> fee Iitle shall not merge unless Lender agrees to the merger ir.K riting.
<br /> 7. Protectioe ot Lender'a Rights in t6e Property; Mortg�ge insuronce. If Uorruwer faits ti� perForn� the
<br /> � coven�nts and agreements contained in this Security lnstrument.or there is s legal prucecdinfi that may significantly afFert
<br /> l,zas3er�ri�3tts'sss sl�.e Qso�..ri; 4��=� ���'f��eti�n� 'tn hs+nkruptey, probate.for cundemnatwn c�r to enfi�rce laws or
<br /> � regulatinns).thcn Lender may d�and pay for whatever is necessary to protect the value c►f the Property and Lender�5 il(�IItS ,
<br /> in Ihe Properly. Lcnder's actinns may include paying any sums secured by u Iten �vhich has pr�r�rity ovcr thi� tieruv�ty �
<br /> — � lnstrument.appeating in court,payin�reasonable aitorneys'fees and entering on the F'���perty to rt�ake re�a�rs..�ithc�ugh ��
<br /> I,ender may take uctian under th�s paragraph 7,txnder does not h�ve tc•da s�i. �
<br /> Any amounts d�sbursed hy Lcneier undcr this paro�r�ph 7 shali bca+nte add�tu�nal deht of A�rTnwer ticcuted hy�h�5 �
<br /> Security Insttumenl.t'nless Narre��ser a�id Lrnder agree ti�vthcr tetmc�,f pay�ment.thc�c ame�uutv shall hear tntere�t f'rc�m �`'
<br /> the d�te uf dichutcetnent at �he Nute r.ite .uid �hall he {+ayable. �tiith intrrs:ct. u��oi► ru�ttce fmni Lcndcr h+ Ni�rn�acr N�
<br /> '. reyuest�ng�+ayEnet►�. •
<br /> r- •
<br /> �. .
<br /> I.'.'
<br /> t��' �
<br /> ,
<br /> -��� l,,..,
<br /> ���J�',
<br /> ,
<br /> .k��a�
<br /> i �
<br /> ( � ' �
<br /> f:
<br /> �• s
<br />
|