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<br /> UNIFORM COYENA:VTS. Borrowerand Lender covenant and agree as follaus: s�---a 1�0 g9 5
<br /> 1. Payatsnt of Principaf artd Interes�Prepayment and I�te Charges. Bonower shall ptomptly pay when due
<br /> .the principal of and interest on th�debt�videnced by the Noteand any prepayment and late charges due under the Note.
<br /> 2. Funds for Ttu�es aed Iasursnce Subject to appticable law ar to a written waiver by Lendes,�3orrower shall pay
<br /> to 1'i..ender on the day monthiy payments are due under the Note,until the Note is paid in full,a sum("Fun�s')equal to
<br /> r nne-twelftb of (a) yeaxly taxes and assessments which may attain priority o�•er this Security Instrumer�t; (b� yearly
<br /> ! �easehold paym�nts or greund rents on tihe Pro�rty, if any; (c) yearly hazard ir�surance ptemiums; attd (d) yeariy
<br /> mortgage insarancc premiums�if any.These i;ems are called"escraw items."Lender�nay estimate the Funds due on the �
<br /> bases ofcurrent data and reasanaGle estimates of future eserow items. '
<br /> Thz Funds shall be held in an institutioa the deposits or accounts of which are insured or guaranteed by a federal or •
<br /> state ag�ncy(including Lendcr if Lender is such an insiitution). Lender shall apply the Funds to pay the escrow items. �
<br /> � Lendu may not clzarge for hol�ing and applying the Funds,analyzing the aceount or verifying the escrew items.unless
<br /> Lenda pays Borrower interest on the Funds and appficable law permits Lender to make such a charge.Borrawer and
<br /> _ Leader may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> requires interest to be paid,Lender sball nat be required to pay Borrower any interest or earnings on the Funds.Lender
<br /> sha�l give to Borrower,without charge,an annual a�counting af the Funds showing credits and debits to the Funds and the '
<br /> purpa�.�e for which each debit to the Funds was made.The Funds are pledged as additional security for the sums secured by -
<br /> tlus Security Instrument.
<br /> If the amount of the Funds held by Lencler,together with the future monthly payments of Funds pay��le prior to
<br /> the due ddtr�of the escrow items,shall exceed the amount required to pay the escraw items when due,ihe e.:a�s shall Tae, �
<br /> at Borrcrac�'�option,either pramptly repaid to Borrower or credited to Borrower on monthlp payments of Funds.If the -
<br /> amount o;:�e Funds held by Leader is not suff cieni to pay the escrow items when due,Borrow:;s°a11 pay to Lender any �
<br /> amount necessary to make up the deficiency in one or more paymenu asYequired by Lender.
<br /> Upon payment in full o;all sums secured by this Se^„urity Inst�ument,Lender shall prdr�rly refun�.*.o Borrower
<br /> � any Funds hetd by I.ender.If under paragraph 19 the Prci�e�y is sold or acquired by Lender,Leader shall a;.�-�%y,no later
<br /> than immediateiy prior to the sale of the Property or its a:.��isition by Lender,any Funds hetd by Lender at�the time of
<br /> application as a credit against tke sums secured by this Security Instrument.
<br /> 3. Applfcatie�flf Payments. [Jnless applicable laa provides otherwise,all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:6rst.to late charges due under the Note;second,to pr2payment charges due under the
<br /> Note;thin�.,ta amounts payable u::der paragraph 2;fourth,to interest due;and last,to pris�cipa)due.
<br /> � �. Zharges;Liens. Bor.��,er shall pay aU taxes,assessments,cnarges,fines aad impositions at�ri�W,t<<�te to the
<br /> Propeny which may attain prior:v.over t�;, .Security Instrument, and leasehold payments or ground r�r:�, if any.
<br /> 8orrower shall pay t?^�e obligations in the tr.ar.,:e;�rovided in garagraph 2,or if not paid in that manner,&:rrower shall "
<br /> pay ther.s a�time d"a:�::z�y to the person owed pa?��r�ent.�ar.ower shall promptly furnish to Lender all notice��f amounts �
<br /> to be pa.Fd�nder ti�is paragrapb.d�IDonower makes thes.,payments directly,Borrowrr shfll!p��nir-ri�y fi::r,is�G�Lender �
<br /> rerxipts evir�sn�ing the payments.
<br /> Borratver sralt�SSOmptly discharge any tien which has priority over this Sec4rit� �nstna.0 ent unless Banower:(E?� `
<br /> agrees in writing ta t'�e payment of the obGgation secured by the lien in a mAnner acceptable ta Lender;(b)contes3s in goQ�l �
<br /> faith the lien by,or de:ends against enforcement of the lien in,legal proceedings whncfi in the Leader's opinion operate to � �
<br /> prevent the�nfarcemeni of the liezs mr forPeiture of any parc mf the Praperty;ar(c)s�cures from the holder oF the lien an
<br /> ageemen�satisfactory to Lender snb��dinating the lien to t'hi§Security Instrument. 1f Lender dstermines that any part of .�'�
<br /> the Property is subject to a lien w�hi:,:�may a2?ain priority aver this 5ec�rty Instrumenb Lender may give Bnrrower a � ��►
<br /> natice identiPying the tien.Borrower shall sars.`�:t'�e lien os�ake one or�sa ar2 af the actions set forth above within 10 days 'E
<br /> �f the giving of notice. • ---
<br /> 5. d3azard lnsurance. Bo�^ower shall keep the irr�-�vements naw existin�or heteaPter erected on the Propeny
<br /> insured��.e;nst lass by fire,hazards incIuded within the term"extended coverage"and any other hazards for which I.ender
<br /> requires insurance. This insurance shall be maintained in the amounts and for the periods that l,ender requires. The �'
<br /> . insurance carrier providing the insurance shall be chosen by Borrawer<..�9ject to L,ender's approval wf�ich shall not be
<br /> unreasonably withheld. �
<br /> AIS insurance policies and�:zewals shall be acceptable to Lend�r and shalj ir..lude a standard mortgage cJause. � �. ,—
<br /> Lender sTMall have the right to ha:���e policies and renewals. If Lender:;quites,Bc:r�:;:-er shall promptly give to I.ender ,`-.�°
<br /> all reccipts of Paid premiums and renewa!noi.ices.In the event uf'loss,Z�brt,rower shall give prnmgt notice to the insurance �'
<br /> catrier and Lender.Lender may make proof c*l�ss if not made promptty�y Borrower.
<br /> , Unless Lender and 8orrower otherwise agree in writing,in�urance procecds stiall be applied.a restorat'���or repai: � .'
<br /> of the Property damaged,ii'the restoration or repair is economically feasible and Lender's security is not le�+r��ed. If the
<br /> restoraticrc�pr repair is not ecanomically feasible or L.ender`3 security would be lessened,the irrsurance procea�s shall be
<br /> applied La ti�e sums secured by this Security Instrument.whether ar not then due, with any excess paid to Borrower. tf
<br /> 13orrower abandans ttre Property,or does not a�>wer within 30 days a cotice Prom I.ender that tha irsuranee carrier ha�
<br /> offered to settte a cia:�.rr..¢hen l.ender mt�y collec�3he insurance procee��.. �L�nder may use the proceeds to repoir or restore
<br /> the Prope�ty or to pay sums securP.�by this Security Instrument,whet;:�r or not then due.The 30-day period will begin
<br /> when the rs o 3ice is given.
<br /> _ Unless Lender nnd BorroH,.,ctherwase s�ree in writing,any appl�c�Eion af pr���:eds tn principul shall not extend or
<br /> postpone the due date of the monthly paymemf�,rcfcrred tn in paragrap?�r�.!:.�nd 2 or rhange the�.�����ant oFthe payments.df
<br /> under paragraph 19 the Property is aeyuired tiy�.rs!�der,Aorrower's rig!c�c r.o any insurance polcc��>�ad proc;eeds resultin�
<br /> from damage ta the Property prior to the acquisition shall pass to Lender ta the extent oi'the se�rtas secured by this 5ecurity
<br /> lnsirument immediately prior to the acquisition.
<br /> 6. Preservstian and Maletenance oF Property;Leaseholds. Borrower shall r.oi destroy.d�mage�r substantially
<br /> '4 � change the Praperty.allow the Property to deteriarate or commit was:4. lf this Security Instrument is cm a leasehold.
<br /> Borrower shall comply w ith the provisions of the leasc.and if Borrower acquires Pee tide to the Frcpeny,the leasehold and - - -
<br /> � fee litle shall not merge unless Lender agrees to the merger in writing. �
<br /> 7. Protection of Lender's Rights en the Prnperty; Mortg,age lnsuraace. If Borrowcr fails to perform the
<br /> �. cavenants and agreements rantained in this 5ecurity instrument,ar there is a(egal proceeding that may signifirantly aflect '
<br /> — , Lender's righis in the Property(such as a proceeding in bankruptcy, probate, for ewidrmn�tion or tn enforcc laws ar
<br />__ t�tgulatian;),ihcn 3,ender rivy�fu���J�ray fvr wnatever Qs necessary to prtc�tect the value aFtfie Pr�iperty and Lender'c rights "
<br /> in Ihe Pmperty. Leuder's artinns may inelude paying any sums secure�l by a lien which has priunt}over this Secarity �
<br /> � � Ii�siru�nenl.appearing in caurt,peyi�ig reasonableattameys fees and entering�m the Pr�perty to makc rcp:ii�s. Ahhough
<br /> L,ender may Iake action under ihis pnr.�graph 7.Lender dnes n�t have to do s��. ��'
<br /> A»y nMnunts di4hursr�hy Lender under this�►ar�g�;�ph 7 shall hec��me addiuem,ii deM of Horcoa•cr secured hy th�� `i't
<br /> "� 5eeur�ty Inetrornrnt. Unle�c Norruwer and l.ender agree tn c�ther terms uP raymenl,thcse amourUs shi�ll he,+r uitrre�t Pr�nn �
<br /> � the datc c�f dicburoemcnt .�t ihe Nutr ratc and �h:ill he pnyahlr. t�uh mlcrc�t, upe+t� ne�ucr Prc�m Lcmlcr tn Nnrr��«cr . �it�'s�
<br /> _ r�yuc�iwg rayri�e��l.
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