|
-_.c�h^4ii4Y�.".___ :.�Y�sG �".k� ..�.� � . � ' � � �� _.,y.:.c..s:tt_^'anS��ifLVtIM1Cti;.lc'i=.'�. � .:r . r�.. ` .. .. �. _
<br /> — -7^e%"��i4l�_' -1tiw�.4tr'���_'.eiE'�a�` dSYfi 6r�G6 �s� ..z _'v[F�a���rctk� `�-°-�`--
<br /> -- �------ - —=-
<br /> ._ _ 1 �
<br /> i ..
<br /> 9o-��i4s�
<br /> UNIFaRtK Cvvetv�!�ts. Bonowcr and Lender covenant and agree as follows:
<br /> � t. Payeseni of Prindpal and Inttrest;Pr�ayment aad Lt�Charges. Borracver shall pramptly pay.when due
<br /> the principal of and interest an the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> 2. Funds[os Tues and Ins�rance. Subject to applicable law or to a wntten waiver b}Lender.Bonower shall ga}
<br /> to L,�rtd�on tht day rn4nthly pxyments are due under the I�1nte.until the Note is paid in full,a sum i"Funds")equal to
<br /> one-twdfih of (a�.yeariy taaces aad assessments which ma} attain priorit} over this Securety lnstrument; (b) yearly
<br /> lezsehold paf�ments or ground rents on the Property, if any; (c)_yeariy hazard insurance premiums; and (d) yearly
<br /> inortgage insn�rance premiums,if any.These items are called"escrow items."Lender may esti�ate the Funds due on the
<br /> basis of curreAt d.ata and reasona�le estimates of future escrow items_
<br /> The Funds shall be fseid in an insiitution the deposits or accounts of which are insured or guaranteed by a federal or .
<br /> , state agency tincluding Lender if Ixndez is such an institution). Lender shall apply che Funds to pay the escrow items.
<br /> Lenda may not charge far holditig and applying the Funds.analyzing the account or verifying the scrow items,unlas
<br /> I.enda pays Borrower iatesest on the Funds and applicable law permits Lender to make such a charge. Bonower and
<br /> Lender may agree in writing thpi int�rest shall bc paid on the Funds. Unless an agrecment is made or appticabte law
<br /> requires interest to be paid. Lender shall not be require�to pay Borroaer any interest or earnings on the Funds.Lender
<br /> ' shal)gsve to Boaower,without charge,an annnal accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which essh debit to the Fund�a as made.The Funds are plfdg�as additional security for the sums seeured by,
<br /> this Security Instcument.
<br /> If tho amount of the Fund�h�ld by L.�der.together with the future monthly payments of Funds payable prior ta
<br /> the due dates of'the escrow itema,sh�ll es.c�ed ihe amount required to pay the escraw items evhen dnt.the excess shall be,
<br /> at Boaawer s option,either promptiv repaid to Borrawer or credited to Bonower aar::nanshly payments of Funds.If the
<br /> amount oi'tlee Funds hetd by Lender is not�vt&cient to pay the escrow items when.dee,Barrower shall pay to Lender any
<br /> amflunt n.cessary to make up the de&ciencp tn�ne or more payments as required 7�y L.ender.
<br /> Upon payment in`ull of all ssms s�cifec!by this Security Instroment,Lender shalt pramptly refi�nd to Borrower
<br /> any Funds heid by Lender. If unde�p:ragrapS� 19 the Property is sold or acgu�red by I.ender.Lender shall apply,no later
<br /> thgn itr,mediately pnor to the sale of the Fropersy or itG a�auisition by Lender,any Funds hetd by I.ender a4 the time of
<br /> application as a credit against the semns secured�}•[his Secusity Instrument.
<br /> 3. ApplicYtton oi Payments. Unles=��glicable law provides atherwise. a!1 payments received by Lender un�r.
<br /> paragraghs'and 2 shall be applTed:ficst,to late charges due under the Note;sccond,to prepayment charges due undes th� ,
<br /> Not�t�cd,to amounts payable c2nr�pr paragraph 2;fo�rth.ca interest due;and last,to principal due. ,
<br /> � C6arges:I.iens. H�m:�'r�.r shall pag all tar=�,assessments,charges, f�c�es and impositions attrib�ta8le to th�
<br /> PrQ�t,� w�ic� ��y attain prit��,over thi� �ecc:nty gnstrument. and leasehafa payments or ground rents, if any.
<br /> Boa�ru��si�'.1�y tl�rst obligations in the m�.c�r provided is�paragraph 2.or if not paid in tisat a;snner.Borrower sh�l.
<br /> pay the*a��tirne d�rectly to the person owed payment. Borrower shall promptly furnish to Le�,d:r all notices of amounts ,
<br /> to be�s.i��nder this paragraph.If Bonower makes these fayments directly,Borrower sD�all prompily furnisla to Len�er
<br /> receipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instr�ment unless B�zrower:(a)
<br /> agras in writing to the payment of the obligation secured hy the lien in a manaer seceptable to Lender;(b)contests in good
<br /> faith the lien by,or defends against enforcement of the lien in.legal prceeedings 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 frum the holder o£the lien an ,
<br /> agroement satisfactory to Lender Gubordinating the lien to this Security Instrument.lf Lender determines that any part of ��-s
<br /> the Property is subject to a lie:z�::zich may attain pri�rity over this Secunty Instrument, Lender may give Botrower a ''
<br /> notic�identifying the lien.Borroa�e-shal!sausfy ttte lien or take one or more of the actions sei forth above within 10 days `
<br /> :=�'
<br /> of the giving of notice. �
<br /> 5. Hazard Insurance. B.�rro��er shaif�C�ep the improvements now existing or hereafeere�.caed Q1 the Property , ��
<br /> insured against loss by fire,hazards included within the ce-�-"extendad cc�verage"�d any other hazards fa r ai-ich Lender
<br /> requires insurancs. This insurance shall be maintained:-� the amounts and for t:�e periads that a.er.�:r r�,;:�ites. The ,
<br /> insurance carrier prct�:ding the insurance st�..^_tl b:chosen by Bosrawer subject to Lender's apgro��a!w5icb s;�all not be
<br /> unreasonably withhet�.
<br /> All insuranet polic�es and renewais s�ali be acceptable to L.e?:w'er and shall include a standard mortgage claus�- .
<br /> Lender shall have ihe right to hold the policies and rene+�als. lf]xr.der requires, @orrower shall promptly give to Lender
<br /> all receipts of paid premiums an+3 cenewal notices.ln the event of loss,Borrower shaU give prompt natice to the insurance
<br /> carrier and l.ender.Lender may make prooSef:oss ii'not made prompily by Borrower.
<br /> Unless Lender and Borrower otherw��a3ree in writing,insurance proceeds shall be applied to restoration or repair
<br /> of tht Ptoperty damaged,if'the r�taration or repair is economieally feasible and Lender's secunty is not lessened. If'the
<br /> restor�t�on ar repair is not ecor�r.-.c.a!2y feasible or Lender�c secunty would be lesse�ed.the insurana proceeds shall be
<br /> applied to the sums secured by.�I?.y G.�.^.ur,*y Instrument�u:t�ether or not then due,with any excess paid to Borrower. lf
<br /> I3orrower abandon�ehe Property,c:does n�t answer witF:::� 30 days z notice fram l,ender that the insurance camer has
<br /> offered to settle a ctr.i�n,then Lender may ca?lect the insurance pra�:�ra;..y l,ender may use the prrxeeds to repair or restorc
<br /> thz YroEr.rty or to pay sums secused by this 5ecunty Instrument,wt.etner or not then due.TI_e 30-day period wiU beg��
<br /> when the notice is given.
<br /> Unttss l,ender and�orra�.�er otherwise�gree in writing,any applicetion of prflceeds to principa{shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.lf
<br /> under paragraph i9 the Property is acquired by lxrtder,Borrower's right to any insurance pahc�es and proceeds resulting
<br /> from d�mage ta the Prapeny prior to the acyuisiuon shall pass to Lender to the extent of the sums secured by�his Security
<br /> ,�_.______-,
<br /> instrumtnt immediately pnor to the acqu�sit�on. .
<br /> 6. Preservption md Maintenanee of!'ropert�:[.easehotds. Borrower shap not destroy.damage or substantially •
<br />' change the Proptny, alluw the Property to detetiorate or commu a�aste If th�s 5ecunty lnstrument is on a teasehnld.
<br /> 8orrower shall comply with the provisinns of the lease,and if gorrower acqu�res fee utle to the Property,the leasehold and
<br /> fee Utlt shall not merge unless Lender agrees to the merger m w�ntmF. •
<br /> 7. Protectian of tenQer's [ti�hts in the Praperty: :�fortt�rRe in5nrenre. i� Bv�rower fa�ls t�z �xr£c1rs� the �"!�- -
<br /> cuvenants and agreements containtd in th�s Secunty instrument.or there is a legal pt��ceed�ng that may s�gmfican�ly aRect �Ni
<br /> � Lrnder's nghts in the Pruperty (such as a pr��ceedmg �n bankruptcy. prohate, fnr condemnati�n c•r t�� enforre taws��r ��:
<br /> regutatinns),thtn 1_en�ier may dv and pay fc�r whatever ts necessary to protec�the tialue oi the Propeny end Lender'ti rights �
<br /> tn Ihe Prt��erty I.enciee'c act�nni mey mclude payitig an� surns�ecured by� a hen whrcS� ha� pnnnly u�er tht�5ecunty h„
<br /> iristrumeti�t.appear�nK�n cc�urt,pa�mg reatinnahle a[tnrneyc'fees nnd entenng c�n the Prc�rerty titi rr�ake repaits Althnugh �f
<br /> l,endtr m;�y take uci�a�f usider th►c�arsgrc�rh'. I ender d<�riot h��e ti�d���n �,�i
<br />- 1�ti�dI�3(1t1FiS41�i4I1[1fSC'f�h� 1 c►�eiet i�i.itr�tln�E�nta�raph 7�h:.ell hett-tr�.°a�d�tte�n,�t;ieht�•f H��rrntitict�c�ured b► tl�i�
<br /> ����ril1� It1CTf�5ft�P��� t'niesc iinsr��er�ntf i cntt:r�igrrr cc.+�t►str te.sn3��f rar mert.thc�c�rn.�e�:::E�h,�l!i+c:�r eretere�! lrnm
<br />- tt�e e1�te uf dtchur�emeut tit thC '�!�tc s.tte .u�tt �is;�li tr� T±s�.�hte. uith �n?ete�t. �E�*��i n•�it,r tirnn t en�ter r;• Il��rr�ntiel
<br /> rryurstinK ra�sn�,;r
<br /> �
<br /> .— '.— �R " ai}�3Mi15i �_. _ _. _ —_� _ f - ���. . .� -...-�.00.. � _ _� �e _ _
<br /> ..-_._ .�. - m""if�K-i t] 2'�{)M.�lOi 'Y �S �?T} - �t..IVY �i _ " ._ _ " _ .. -. .
<br /> �
<br /> y�� �4 +� 3 `"v�"�t°,"����T.s . 'sa.^�" ... �. . .._ y.v � �.'� _=?y°y�^a� Fr � �y ti --�� ;+�:,
<br /> �
<br /> w
<br /> ^
<br /> i,� . . � ] . . _. _ r_ _ . ,rl ti �.. �'' ., �' . ��,.���'I�Y`Y� . =1.����4� �'�'f.!��. .�!` 1"9.i '�'�'�. I _
<br /> . . . . "_ : ` . i�-� . _ N�"� . . ' . . ... -
<br /> . . . . ` .�` __ i, ' v c-.
<br /> ..,._._.�._ ......_..�. ._'- '"""_ '_.. _ _'___'__—_' ' _ ' ' '_ ' _ '__' '_.._ - _
<br /> .."" ' '___'—' —'_'._..._. ..
<br /> .__.__ _.' _ ... ___.,. _.. — _'-.—•--_ _ . ' " . '._ ' __.___ " . ._ . — u, _ _'.__ _ . _ .. __-___ . .
<br /> . � ' . . ' , ' r " . _ ' " .. . . 1_ . . , � . .. i � . .
<br />
|