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<br /> UNIFORM CovENat�t'ts. Bnrrower and Lender covcnant and agree as follows:
<br /> , 1. P�ymeet af Prfacipal�and Interes�Frepaymeat and I.�te Ctiarges. Bonower shall p�omptly pay when due '
<br /> the principal of ana interest on the debt evidenced by the Note snd any prepayment and late charges due under the P3ote-;
<br /> Z. Funds for Ta:es and Iesirt�nce. Subject to applicable taw or tQ a wsitten W+aiver by Lender,Borrower shall pay
<br /> r to Lendsr on the day monthly paymen¢s are d.ue under the tiote,until the Nt�te is paid in fult,a sum("Funds")equal to .
<br /> i Gi�-�iniczsit�i vi {8j jii�i� ii�iic:s S�i ��e33iricitis i'vr'3iGn m:sq nii�it3 �iicc3iii} tikci tii15 �£iiiiiQj� iii5ii'tIi'"i.cc3i; �bi �c3F�y
<br /> � teasehold pagrments ar ground rents on th� Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> mortgage insurance premiums.if any.These items are calted"escrow items."Lender may estimate the Funds due on the
<br /> basis ofcterrent data and reasonable estimates of future escrow items.
<br /> The Funds shall be held in an institutian t�e depasits or accounts of which are insured or guaranteed by a federal or
<br /> sfate agency(including Lender if Lender is such an ins4etuteon). Lercder shalE apply the Funds to pay the escrow items.
<br /> Lender msy not chazge for holding and applying the Funds,analyung the account ar verifying the escrow items,unlcss
<br /> Lender pays Borrowcr interest on the Funds and epplicable law permits Lender to make such a charge. Bonower and
<br /> Lender may agre�in writing that interest shall be paid on che Funds. Unless an agreement is made or appticabie taw
<br /> requires interest to be paid,Leader shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br /> shalt give to Borrower,without charge,an annual accounting of the Funds sha�ving credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was made.The Funds are pledged as addirional secwity for the sums secured bv
<br /> this Security Instrument.
<br /> lf the amount of the Funds held by Lender.together with the future mo�thlv�a��:nts of Funds payable prior to
<br /> Ehe due dates of the escrow items,shall exzeed the amount tequired to pay the escraR;te�s�rhen due�tTae excess shall be,
<br /> � at Borrower's oprion,either promptly repaid to Borrower Qr credited to Bonawer on raonthly payr�e�:cs of Funds.If the
<br /> amount of the Funtis held hy Lender is not sufficient to pay the escrow ite.ms w dten d�.�l�.srower shai&pay to Lender any
<br /> amount n�esr�.�-v to make up the de&ciency in one or more payments as required bv Len���.
<br /> Upon�}ment in full of a11 sums secured by this Secwity Instrument,�,euder sr�E�romptly refund to Ba�La-er
<br /> arsy F�utds�E���Lerrder.If under paragraph 19 the Property:s sold or acqv,�ed bu Lea�:r,Lender shall apply.na�iater ,
<br /> th�a ia�m�.r�g prior 3o the saie of the Property or its acquisition by Lendeu,��S Fer_ds hetd by Lender at the time of
<br /> appi:cation�.:���reclit against the sums secured by this Security Instrument. .
<br /> . 3, ��;�tion of P�yments. Unless applicable!aw p*ovides otherwise,all pa«nts received by Lender under
<br /> paragraphs i��2 sha11 b�applied:first,ta.late charges due�ender the Note;second,to pa r;�yment charges due under the
<br /> Not�third.to amounts payable under paragraph 2;faurth,to interest due;and last,to prir.::Yal due.
<br /> 4. C6srges;Lisns. Banower shall pay all taxes,asse�sments,charges.fines and'smpositions attribu.abte to the
<br /> Pr�perty whia� may attain priority,over this 5eca�r.��� Instrument, and leaseh�ld payments or ground rents, if any.
<br /> Bonower sha��.,�rs�y these obligations in t14e manner provided in paragraph 2,or if not paid in that manner,Borrower shall '
<br /> pay them on ti�tr�e�irecQy to the person owed payment.Sorra���rshall promptly fornish to Lender all nn:ices of ac�:�,�nts �
<br /> to be paid und�r?�.s:as paraeraph. If Bonower makes these pay�..��s directly.Bonower shall prompu�#'ur.:isl�to�nder
<br /> rern.zpts evidene�u�g the g�:y�ts.
<br /> Bonow�s s�all gr���e1y discharge any lien a:�ich has priority over this Security Instrument unless Borrower.(a) �
<br />: . agrces in writl�����the pay�ent of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good �
<br /> Paith the lien by,or defends against enforcement of the licm in,legal proceedings which in the Lender's opinion operate to
<br /> prevent the�enforcement nf the lien or forfeiture of any part of the Property;or(c)secures from the holdet of the lien an ���
<br /> agx�ement satissactory to Ir�der subordinating the lien to lhis Security Instrument.If Lender determin�that any part of � � .
<br /> tl��IPreperty is subject to sa C�•n which may attain priarity over this Security lnstrument, Lender may gi�e Bonower a --
<br /> notice identifying the lien.Pr3ottower shall satisfy the lien or take one or more of the actions set forth abave within IO days -
<br /> of the giving of�otice. ',`�
<br /> S. H�t�t�l Insurance. Borrower shall keep the improvements now existing ar l:�reafter erected an the Pr�.�xrty ' —
<br /> i�f��red againsi Fass by fir�:,hazards included within the term"extended covera�e"and any�ther hazards for which��der
<br /> ree,•ujres insurance. This un�r�rance shall be maintained in the amounts ana �T�r the peri�ds that I.e.^.uWr rec{uir:s. 1'he
<br /> insarance carrier providsng the insurance shall be chosen by Berrower subject to Lend�-�approvai��r�rh sha?� �n.ct be
<br /> ur�reasonably+�ri�J�=::ld. ;
<br /> All ins::c,�.,�policies and renew a1s shall be acceptable to Lender and shall include a standard mortgti�e c3ause. '
<br /> fi.ender sha11 have the right to hold the policies and renewats. lf Lender requires.Borrower shall prompily give tc :ender ,�:,
<br /> a11 receipts of paid premiums and renewal notices.ln the event of loss,Horrower shall give prampt neti.ce to tt:e'.�r yLrance � _�•�
<br /> carrier and Ler.:;tr.Lender may make�.-aof of loss if not made promptly by Borrower. •
<br /> Unless;,,�er.der and$orrower ate� :�7se agree in writing,�_.��rance procexds shall L•e:��plied to restoratioa o*�epair ;:���
<br /> of the Propenv,Jamaged,if the restor�::��:�or repair is economic::Ify feasible and Lender's security is not lessened. lf the
<br /> restoration or repair is not economical,�•.°�sible or Lender's security wouid f�e lessened, the insurance�roceeds shall be
<br /> applied to the sums securer��ay this Seru�cy Instru,ment.whether or not tti�.;��ue,with any eacess paid to Borrower. If
<br /> Borrower abandons the Property,or do��r�t answer within 30 d3ys a notice from l.ender that the insurance carrier has
<br /> � offered to setste.��lsim,then Lender may:.ollect the insurance,�,.-z.eeds. Lender may usc eh�e proceeds to repair ar restore
<br /> the Property c�r c�,:pay sums secured by this Security Instre�me.�c�ta�hether or not then auw.. "�he 30•day period wi;l begin
<br /> whtn the natiu:c�s given.
<br /> Unitws�.e^3es 2,:,.3 Borrower otherwise agree in writing,any application of'proceeds to princi�al,�:1;,a11 not extend or
<br /> � postpone the�'u��ate oi'the monthly payments referred to in paragraphs 1 and 2 or change the amou^c.,C r.t-.e gayments.!f
<br /> under paragr�,1�S9 the Property is acquired by Lender,Borro��er's right to nny insuranc�c•�;�licies and r�o�°�s r4��lting
<br /> from damage a�r:t_�;:Property prior to the acquisition shall pass t���.cnder to the extent of t?i��sums secn��c:by:=:s�,ecurity
<br /> Instrument immediately prior to the ucquisition.
<br /> 6. Preservatlon and Maintenance otProperty;Leaseholds. Borrau�es shall nut destroy.dac::age or substantially '
<br /> :r��-nge the Propeny,allow the Property to deteriotate or commit�vaste. 3.`�:I�is Secarity Instrument is a�a leasehold.
<br /> Borrower shaU cumply with thc provisions of the lease.and if Borrawer arquires fee title to the Property,the leasehold and �
<br />: fee Iidr shall not merge unless i,ender agrees to the merger in writing. '
<br /> 7. Protection of Le�der•s Rights in the Property; MortF,age Insurnnce. lf Borrotiver Pails ta perf'orm the �
<br /> covenants and agreernents contairted in Ihis Security lnstrument.or there is a legal pr�cecding th7t may signifir�nlly afTert ;
<br /> Lender's rights in the Pr�periy(such as a proceeding in bankruptcy.prabate. fe�r rondcmnation or to enforc,laws or �
<br /> � r�ulationsj.tf��si i.eii�Frt�uiay�iv and pay f�r whatever is neressary to�rotect the vaiue of the Property and i,en�er's righcc `
<br /> in the Pr�petty. l,�nder's actions may includr p�ying any sums secured by a lien which has priority c�ver this Se�unty �
<br /> instrument.appearing in court,paying reasonabte attorneys'fees.iad entering�n the Property to m�ke repairs. Although
<br /> � l.ender may take uctian under this paragraph�.L.ender docs not have ta dc�so.
<br /> Any amnunts disbursed by Lender unc�er this paragr�ph 7 shall becornc�eddi�iuual debt uf Hc�rrower ucured by this h
<br /> Secutity Instrument.Unless H�rrower and Lendca agree to other terms oi'raymcnt,thrsc.irnnunl�tihal)hcar interc�t f'rum tp
<br /> the date uf disbursetnent at the N�te ratr and �hal) he pay�ble. a•�th interest. upon nat�ce from 1 ender t�� 1i��rr�.�rer �(1
<br /> rtquesting paymcnt •
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