|
-
<br /> ;�_ ,. . .. .:;. - -
<br /> t�� .---r ,�. �:< �n c ;�: ::r.> :a• :'�. �i:S:`: _=s�, ••>r .•t•:>�. ' '� .
<br /> ,..; _: -�.. ;�.�.;;u�- �."°:,... :- , '',,, r,��` ^y.� -_ ,i:,.;.u. 3:.�s r. .,�.:si^'ti.y_:::�. : �::i...::r�i.�,��'-.Z, G°_<�:zCLt�'+r�a�i:im�se'��fdi",��L'?1;s-.�.--'�'"-- - -
<br /> , .,:c• '.. .�.,;;•: � •_ti_
<br /> , .
<br /> . K .
<br /> �.?:,�:L��. a��' � t� ''c r `i` ' '�" : ' '�";`G�i:k`i�`'.rla� �� � �tiSiY�i�31W*li •MaE?�'=
<br /> <s+.: • ..
<br /> =_.',��� N�'�'.��.f�`��`•�� ' :�,���R��� . �.
<br /> .., _. -
<br /> —�_—__ ��� -- _-__- - _- �- _
<br /> - .---_...� -- - - �- �
<br /> . �.
<br /> � �o°— ���1srJ
<br /> UNIFOR.tiI CQYENA:Y7S. Borrowrr and Lender covenant and agree as follaws:
<br /> . 1. Ppynteni of Principal u�d Ieteres�Prepayteent and x.ate Charges, Bonower shall prompily pay when duc
<br /> the principaJ of and interest oa the debt eeidence�by the Note and any prepayment and late charges due und�r the Note.
<br /> l. Funds for'd'ues and Yesurante. Subject to applicable lativ or to a wriaten w•aiver by Lender.�orrower shall pay
<br />-- to Lender on the day monYhly payments are due under the Note,until the Nate is paid in full,a sum("Funds")equai to
<br /> � one-twelfth of: ('a) yearly tax�s and asse.ssmentc which m�y ateain pnarity over this Seeurity Instrs,ement; (b)yea►ly
<br /> teasehold payments or grouad rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearty
<br /> martgage insurznce premiums,if any.These items are calfed"escrow items."Lender rr�ay estimate the Funds dne on the
<br /> basis af current data and reasonable estimates of future escrow items.
<br /> The Funds shall be hetd in an institutiari the deposits ar accounts of which are insured or guaranteed by a federal or
<br /> state agertcy(including Lender if Lender es such an institution}. Lender shall appiy the Funds to pay the escrow items.
<br /> �. Lender may aot charge for hotding and apptying the Funds,ar,alyzing the account or verifying the escrow items,unless
<br /> Lender pays Borrower interest on the Funds and apglicable law permits Lender to make such a charge. Barrotver and �
<br /> __ ' Lender may agree in writing that interest shaU be paid an th� Funds. Unless an agreement is made.or applicable Iaw
<br /> requires interest to be paid, Lender shall nai be required to pay Borrower any interest or eamings an the Funds.Lender
<br /> shall give to BorcoweF.without charge,an annual accounting of the Funds showing credits and debi�s to the Funds and the
<br /> purpose for which each debit to the Funds was made.The Funds dre pledged as additional security for the sums securcd by
<br /> , , this Security Instrument.
<br /> If'the amount of the Funds hetd by Lcnder,together with the fuhire montbIy payments of Funds payable prior to
<br /> the due dates of the escrow items,shall excee.d the amount required to pay the escrow items when due,the excess shall be,
<br /> at Borrower's option,either promptty repaid to Borrower or credited to Borrawer on monthly payments of Funds.lf the
<br /> amount of the Funds hetd by Lender is not sat8cient to pay the escrow items wh�n due,Borrower shall pay to Lender any
<br /> amount necsssary to make up the deficiency in one or more payments as required by Lender. '
<br /> ' Upan payment in full of aIl sums secwed by this Security Instrument,Lender shall promptJy refund to Borrower
<br /> �. any Funds held by Lender.If under paragraph 19 the Property is sold or acquired by Lender,Lender shal)apply,no later
<br /> than immediately prior to the sale of the Pragerty or its acquisition by Lender,any Funds heId by Lender at the time of �
<br /> application as a credit against the sums secur���Sy this Security Ir�strument. �
<br /> �. 3. Appl3cstIon of Psymecsts. Unless applicable law p*ovides otherwise,all payments received by Lender under
<br /> ' paragraphs 1 and 2 shap be app[i�:first.to late charges due under the Note;srcond,to prepayment charges due under the
<br /> Note;third,to amounts payable under p3ragraph 2;fou�th,to interest due;an�lasi,to principal due.
<br /> � � 4. C7wrges;Lnens. Borrower shall pay all ta.3c-s,assessments,charges,fines artd impositions attributable to the
<br /> Property which ma�+ attain Frioriry,over this Security frstrument, and leasehale� �ayments or ground rents, if any.
<br /> Borrower shall pay these ob�i�ions in the manner pro��ide3 in paragraph 2,or if rat�aid in that manner,Bonnwer shall
<br /> pay them on teme directly to the�erson owed payment.Sarrower sha1)promptly fnrnish to Lender aii notices of amounts �
<br /> to be paid under this paragrapb. If Borrower makes these payments directly,Bonower shali grarnptly furnish to Lender
<br /> receipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Securiry Instnr-��t��.^.l�s Borrawer:(a) ' �
<br /> �agrees in writing to the payment of the obligation secured h.;�the lien in a manner accepiable to Lender;�T s�r:tests in good �
<br /> faith the lien by,or defends against enforcement of the Iien in,legal praceedings which in the Lender's a�.�r:�n operate to �
<br /> prevent the enforcement of the 1'een or forfeiture of any part of'the Property;or(c)secures#'ro:�z the holder of the lien an y
<br /> agrament satisfactor�%to Lender subardinating the{ien to this Security Instrume�t.If Lender determines that any part of
<br /> the Property is suhle��to a lien which may attain priority over this Security Instrument, Lender may give Borruwer a ^
<br /> : notice identifyiag th�Fien.Borro�ver shal!satisfy thc licn or take one or more of the uctions set forth abave within 10 days � —
<br /> of the giving of notice. "'��
<br /> i 5. Ha�srd Iasurance. Botrower shall keep the improvements now eaisting or hereafter erected on the Propeny
<br /> insured against loss hr fire,hazards inciuded within the term'•extended coverage"and any other frzzards for which Lender
<br /> requires insurance. �:is insurance shall be c*�yintained in the amounts and for the periods that Lender requires. The
<br /> insurance carrier pr�viding the insurance shall be chosect�y Borrower subject to Lender's approva! which shaU not be '
<br /> unreasQCi;:bly withheld. �
<br /> ' A11 insurance^olicies a:�renewats si�all be acceptable to l.ender and shall include a standard mos�tgag�clause. ' •
<br /> Lertder shall have the csght to hold the policies and renewals.If LendEC r��uires,Borrower shall promptly give to Lender ��
<br /> all receipts oFpai�prcr:r.:ams and renewal notices.In the event of lass,l�C:�e-ower�hs�l give prompt notice to the insuraace ��
<br /> carrier and L,endtr.��der may make proof ot'loss ii'rtot made prompily oy Borrawer.
<br /> U�less Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair � �
<br /> of the Property dama;ed.iP the restoration or repair is economically feasible and Lender s security is not lessened. If the .
<br /> restoration or repair i.y not economically feasible or Lender's security would be lesserted.the insurance proreeds shall be
<br /> applied to the sums secured by this Security Instrument,whether or not then due,with any e�cess paid to 13orrowcr. lf
<br /> Eorroa•es abandons the Property,or dces not answcr within 30 days a notice from�„ender thae ihe insurance carrier has
<br /> offered c�settle a claim,then Lender may collect the insurance proceeds.Lender may asc the proceeds to repair or restore
<br /> the Property nr to pay sums secured by this Security Instrument.whether or not then due. The 30•day period will begin
<br /> when the notice is�iven.
<br /> Unless Leader�rtd Borrower otherwise agree in writing,any appli�:atian of proceeds to principal shall not extend or
<br /> postpone the duc date of the monthly payments referred to in paragra�r�;1 and 2 or change the amount of the payments. lf
<br /> ' under paragreph 19 the Property is acquired by Lender.Boerowei s right t�any insurance policies and praceeds resulting
<br /> from damage to the Propeny prior to theacquisition shall pass to Lender 3o the ehtent of the sums secured by this Security
<br /> � Instrument immediately prior to the acquisition.
<br /> 6. Preservation and Mtinten�nce of�roperty;Leas¢holds. �orrower shall not destroy.damage or substantially
<br /> changc the Prop:rty,altaw the Praperty to deteriorate or commit waste. If'this Security Instrument is on a leasehold.
<br /> Borrower shaU comply with the provisions oPthe lease.and if Borrowcr acyuires fee title to the Properry,!he leasehold and " �
<br /> fee title shall not mcrge unless Lender agrees to the merger in writing. '
<br />� '7. Protection of Lender's Rights in the Properry; Mortgage Insurance. !P Horrawer fails to perform the
<br /> covenants and agreements containcd in this Security,Tnstrument,ot there is a lega)prnceeding that may signific�ntly��'ect '
<br /> Lender's tights in the Yroperty(such as a proceedin� in bankruptcy. pr�bate, for condemnatian or tn enfnrce laws�r !
<br />- �eo�lai'st�nr3,slten Lersdrr m�y dcs ar�d pay for whatevrr is��eces�ary tv protect the vaiue of the Yrc�p�rty and Lender's rights �
<br /> in the Property. Lertder s actiuns m2y istclude paying any sums serured by a lien «•hich has privrity uver this Security �
<br /> I Instrument.appearing in court,paying reasunablc attorneys•'fees and entering on the Property tu make repairs. AlthouRh �
<br /> Lender may take actinu under this paragraph 7.Lender cfoes aat have to do so.
<br /> ` Any�rnountx disbursed hy Lendet u�ider this daragraph 7 ch�ll beconic additiun�l Jebt oP Horrow•cr rrcure�hy this r.
<br /> Security Instrument.Unk�ss�rrc�wer�nd Lender agree t�uther terms�f paymriu,these amuunfs�hall bear�nterest frum �j
<br /> � the clate t�f disbursement at 1he Note rate �t�d ti4tall be payable, wuh interest. up�m ne�hce frcmi Lender ta► �nrre�uer , !
<br /> rtyuestmg payment.
<br /> . r
<br /> r. �
<br /> -- - ,
<br /> a �,
<br /> i
<br /> �j �
<br /> ��� +!. .
<br /> ���j.•
<br /> �fE`t;�,
<br /> .E�j����f��
<br /> j��•��(r
<br /> f'L. ' I
<br />
|