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<br /> ` UNIFORM COVENANTS. Borrower and Lender cOveuant and agree as follo�s: �o� �����O
<br /> 1. Payment o!Prlecipsl and Interes�Prepayment and I.at�L�arges. Borrower shaU promptly pay when due
<br /> the pr�ncipal of and interest on the debt evidenced by the Nate and any prepaymenY and iate charges due under the Notc.
<br /> Z. Fnnds for�'ues and Insurance. Subject to appficable Iaw vr to a K ritten a�aiver by Lender,Barrower sha11 pay .
<br /> _ � Eo Lendet on the day monthly�ayments a�e due nnder thc h'ot�.until ehe I�Iote is paid in fuii,a sum("Fnnds"�equal to
<br /> oartwetfth of: (a) yearly taaes and assessmcnts which rnay attain nriority over this Securitg Instrument; (b) yearly
<br /> ltasehold payments or ground rents on the Property, if any; (c) yeariy hazard insurance premiums; and (d) yearly
<br /> a�ortgagt insurance premiums;i4'any.Th�e iteins are calleci"esc�row ite:ns."Lender may estimate the Fun�s dae on tlee
<br /> basis ofcurrent dats and cPasonable estimates of future escrow eiems.
<br /> The Fvnds shaD be held in an institution the deposits or account�of which ar�insure�or�naranteed hy a federal or
<br />_ � " atate agency(including Lender if Ixnder is such an institution). Lender shall apply the Funds to pay ihe escrow items.
<br /> Leader may net charge for holding and applying the Fund,S,analyzing the account os veritying the escroar items.unleu
<br /> . I.et:der pays Honower interest on the Funds and applicable law permits I.ender to make such a charge. Borrawer and .
<br /> – Lend+er may agree in writing that interest shall be paid on the Funds. Untess an agreement is made or appli�able!aw
<br /> requires interest to be paid, Lender shaU not be required to pay Borrower any interest or earnings on the Funds. I.ender
<br /> ,� shaU give to Borrower,without charge,an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> porposefor which each debit to the Funds was made.The Funds are ptedg�3 as additional secvrity for the sums secured by
<br /> this 5ocurity Inrnument. •
<br /> � . If the amount of the Funds held by Lender.together wi4h tk;,�.rr�:�monthly payrttents of Funds payable prior to
<br /> t'�a due dates of the escrow items,shall eaceed the amaunt re�::�c.;���i•t�-��escrow items when due,the excess shal!be,
<br /> � �.*_Borrower's option.e�tt�:r promptly repaid to Borrower er c��t�i ru�.rrower on monthty payments of Funds.If the
<br /> � s�ount of ttte Funds hct��y Lender is not sufficie�tn pay�e�row i��s when due,Banower shall pay ta I.eader aay
<br /> . amount Rec��ary to make up the deficiency in one or mare�:.���enis as required by Lender.
<br /> � � ,.. �I,�^wa�ayment in full of all sums secured by this.S�ar"_:j;Instrument,Lender shail promptly refund tc�Barrower
<br /> � � �����s L�1d by Lender.If under paragraph 19 the Prope��':�s�ld or acquired by Lender,Ler_der shall appfy,no later
<br /> r:::a�immediately prior to the sale of the Property or its acq�.:s•:ion b�:L��der,any Funds held by Lertder at the time af
<br /> " • , �pplication as a eredit�=nst the sums secnred by this Securits ir:stre_*r:a:�
<br /> 3. Appli¢atFon��k'ayments. Uniess applicable law prCV1`J`L'S Ofi?C�tWiSe�all payments received by I.ender under
<br /> paregraph�2 and 2 sha�be applied:first,ta late charges due und�r�"r.��.Tate;second,t��::�payment charges due under the
<br /> � Note;t�ir�,�^rmaunt�eayable under paragraph 2;fourth,to interest cf��;a�sd last.to�..�cipal d�*�.
<br /> 4. C�arges;L:.�s. Borrower shall pay a11 taxes,assessment�,c��:�,�s,fines and 'a_ngosi�ians attri5utable to the
<br /> Property whieh may attain priority over this Security Instrument, an�r %easehold pa}zne:<U or��and rec.ts. if any. � ,
<br /> Bottower sh,s�.pay these obligations in the manner provided in paragraph Z,ar if not p�:�irc tWS�e:�.s:�s,�ur���r shall .
<br /> � pay them s�A��.rne directly to the person owed payment. Borrow•er shall prorr►ptly fumi;�ur}�r-r:�=.a:?r.��c.es ef�:,�ounts
<br /> to be paid u�;�er this paragraph. If Borrower makes these payments directly,Borros:����a;��r�;�:E�'y fumisl_�s Lender �
<br /> receipts eviden�-�ng the payments. � .
<br /> Borrower shall promptly discharge any lien which has priority o��er this Security Instrument unless Borrower:(a) � �
<br /> agtas in writing to the payment of the obtigation secured by the lien in u manner acceptable to Lender;(b)contcsts in good
<br /> faith the lien by,or defends against enforcement of the lien in,legal praceedings which in the Lender's opinion operate to ..
<br /> prevent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of'the lien an �. ��`-
<br /> agrament satisfactory to Lender subordinating the lien ta this Security Insccument.If Lender decrrr_;ines that any part of -
<br /> ': , _
<br /> the Pro rt zs sub"ect ta a lien which ma attain riorit over this Secucit lnstrument, I.end�T na :r`"
<br /> pe y ' � y p y y y give Bonower a
<br /> - - notice ide�tifying thc lien.�orrc�wer shal!satisfy the lien ar take oree or mare of the actions set fc,:..��.:S�ove witbin 10 days —
<br /> � ofthegivingafnotace. ; —
<br /> 5. k��d Insur�ttce. Borra�+er shall keep the impr�z�.:�ents now existing cs L-:�ez�Ter c:eCted on tt?c��COperty ,
<br /> � ��sured against Ioss by fire,hazards incl�.�ded within the term"eater.ded co:erage'and�zy�ther F,;.�:.rds for which Lender
<br /> r�uires insurance. This insurance shall be ma'sr,;.ained in the amounts �.:.d fot the periods tI_wt�..ender requires. The '
<br /> insurance carrier p:oviding the insurance shali t�e chosen by Borrower s�:nject ta E.e��er's apF=�va1 wi�ieh sha11 not be :
<br /> unreasonably withhe�d. � ,
<br /> AI! insurattce policies and rer.ewals shall be accepta�te to Lender aad shall irc's�.:�e a standard mortgage clause. ;�:
<br /> Lender shal!have the right to hold the policies ar,c€renewals.F�II..er.der reK�ires,Aorrower shall Ft`�mptly give to Lender
<br /> �.��receipts of paid pre�iums and renewal nolices.CTT the event af lo�s,E�ac��a+er shall give promFt nesice to the insurance �!
<br /> carrier and Lender.Lender may make proof of loss if not made promptly by Borrower. : iC�
<br /> Unless Lender and Horrower otherwise agree in writing,insurance proceeds shall be applie�co restora�i�c�or repair '
<br /> of the Property damaged,iPthe restoration or repair is economically feasibte and Lender's security is not le�s��ed. lf t.he
<br /> restoration or repair is not eronomically feasible or l.ender's security woald be lessened,the insurar.cs prcca.�:ds shall be
<br /> aaplied to the sums secured by this Security lnstrument,whether or aot r�r.�n due,with any excess�s�:�:aa Borrower.If
<br /> 13�nower abandons the Property.or does not answer within 30 days a no�tiw:from Lender that the ir:s�.:sr,;7:carrier has
<br /> cfl'ered to settte a claim,then Lender may collect the insurance proceeds.i,�nder may�5G the proceecis to repair�r restore
<br /> t1�e Property or to pay sums secured by this Security Instrument.�vhet��er ot n�t then due.The 30-day pe,icd cwi1)begin
<br /> ' when the notice is given.
<br /> Unless Lertder and Borrower otherwise agree in writing,any application of proceeds to prirrci�al shall not extend or
<br /> postpone the due date of ihe manthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Property is acquired by Lender.Borrower's right to any insurance policies and proceeds resulting
<br /> fiom damage to the Property prior to the nrquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> lnstrument immodiatefy prior to thr acquisitian.
<br /> 6, Preservatdon and Maintenance ot Pruperty;Le�seholds. Borrower shall not destray,damage nr substantially
<br /> change the Pmperty,allow thc E'roperty to cieteriorate ar cammit waste. li'this Security lnstrument is on a leasehold, ,-_ ______
<br /> Borrower shall comply with the provisions oithe leuse,�nd if Norrower acquires fee�itic to the Yroperty,the Jeasehold and .
<br />. fx titl�shall nat merge unless Lender agrees tn the merger in writing.
<br /> 7. Protection of Lcnder's Rights in the Property; :�fbngage Insnrance. If Borrawer fails to perform the '
<br /> covenants and agteements contnined in this Serurity Instrument,or there is a Icgal pr��ceeding that may sign:ficantly nB'ect
<br /> Lender's rights in the Pr�perry (such as a prnceeding in bankruptcy, probate, fi,r condemnatic,n nr to enforce laws or :,.....
<br /> rtgulations),t�tn Lender may do and pay Por whatever is necessary to protect t he v�lue�f'the Property,ar�c�I�endet's,�ghts �t
<br /> in the Property. Lender s artions may include paying any sutns secured by a lien which has prie�rity Aver this'Sc rity y
<br /> _ � � Insttument,appearinb in coart,paying reasonable attorncys-'fces and entering��n the Praper�y tn makc�repa�rs.Although �t�
<br /> — Lender msy takc act�on under this p�ra�raph 7,Lende.*docti m�t hare to dn tic�. 'y�
<br /> Any ntnUUnts disbursed by Lender uudrr this rar.�graph�sh�ill bec�m;:sddwnnal deht��t'N��rmuer�crured f�y this ti
<br /> 5ecurity Instrumcnt.Unless Borro�ver�nd l.endcr agrec te���ther tc�rrtn F�f payinciit,tlietic.��ns�u�it�tihaH hcar�ntcre�t fr��m f
<br /> ' tht date nf dishursemrnt at thc Natc tat�� aneE tihall h� pa�abte, nith intt•rc�t, u�u�n n��Uie fr��m t cudcr to H��rrutL•cr ���
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