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<br /> UNIFaRM COVEiY�►!�1'S Borrowerand Lender covenant and agree as faUows: 9Q---101510
<br /> � 1. PaYmeat o!Priardpal and Interest;prepayraESt and I,ate Cliarg�s. Borrawer shall pro7nptts•pay whe�due
<br /> the prencipal of and enterest on tht debt evidenced by the Note and any prepayznent and late chuges due unds=the Ivut�. � �
<br /> Z. Fusds for 7axrs and Insurartce. Subject ta applicabte 1aw ar to a written waiver by iknder,Borrower si�11�g
<br /> ta E.ender�n th:day mon,hly paym=nts are due under the Note, until the Note is paid "ue full,a sum(•'Funds")equ.�l to
<br /> one•twdith of (a).yearly taxes and assessments which may attain priority flver this Srcurity Instrument; (b) yearly
<br /> te9sehold paymrnts or ground rents on the Yropeny, if any; {c) yeart} t��xard insufance premiums; and (d) yeariy
<br /> mortgagt insurance premiums.if any.Thae items are called••escrow iterns."Lender rnay estimate the Funds dat oa th:
<br /> basis of current dzta and reasonable estimates of future escrow items.
<br /> The Fun�s sh�ll be hsld in an irtstitation the deposits or accounts of w�hi:h are ins�sred or guasanteed by a federa!or.
<br /> state agency(incl��ing Lead�r if Lender is such an institution). Lende�shslf apply the Fuads to pay thp escrow itans.
<br /> Lender may not charge for holding and applying the Funds,analyzing the account ar verifying the escrow items,unl:ss
<br /> 1.en�er pays Borrower intezest on the Funds and appiicabit law permits Len�a to make such a charge. Borravicet anci
<br /> Lender may agrce in writing that interesE shall be paid an the Fun�s. Unl�ss an agreement is made or appii�ab°c�Ia.i„r•
<br /> requires interest to be paid, Lender shal}not be required to pay Borrower any;nterest or earnings orc th�Funds.L:r,�:r
<br /> shall give to Borrower�without charge,an annual acc�nunting of th.Fan�s sha:.z�g credits and debits to tt4:.Fnnsts aa�!the
<br /> purpose for which each debi;to the Funds Ras m2de. Tk�Funds ate pttdged a,addationa!security for th;.'S14S715 SQCtIP�1sy7
<br /> this Sesurity Instrument.
<br /> If the amo�nt of th:Funds he2d by Lender.toge*,h�r w�th th:future monthly paya�ts of Funds payablt pai4r ca �
<br /> the due dates of the escrow ettms,sha�!txceed thc amount require�io pay the eszrow itar,s when due,the excess s}ratt F•�,
<br /> at Bonower's option,eithsr promptly repaid to Borrnwer or credi[ed to Borruwer on monthly payments of Funds.If t�ie
<br /> amount of the Funds held by Lend_r is not suf�'rt:ient tp pay the escrow items wF�sn due,Borro�ver shall pay to Lender any
<br /> amount necessary to make up th�defrciency in or.:or t�are paymen3s as reqL'arcr}�Sy t,ender.
<br /> Upon payment in ful!af a1)sums securer!tap th'ss Security Instrumen�,Lender shaU promptly�efut�d to Borro�cer
<br /> any Funds hel�by Lender.if un�er p3ra�rupt; Iq;h.ptaperiy�s sold or acqnired by Lender,I,ender shall apply,no L•�t�
<br /> than immadiatety ptior.to thr sale of ths Property or its acqci;iriaz�y Len�er,any Funds held by I,ender at the tirr.�c!%
<br /> appl�cation as a credii ag,aia+st th:sums sec4red by this Sesurity lastrurr.pne,
<br /> 3, AynliQaEloia caf pay.�p�, Uni�s appl'ncable!aw prnvides othera�se.all payments rereived by Lender a;�ct�
<br /> Paragiaphs 1 ar�13 sha11 fiz a;�:+?;,r�:firss,tt�iate charges due under th�Note;second,to prepaymeni charges due under the
<br /> Nctr,third,to a;r.n_�r:s psyab.'e ur.��r�e�graph 2;fourth,to intecest due;and last,to principal due.
<br /> 4. C6uges;L�tns. Bozrower shall pay all taxes,assessments,charges, fines and impasitions attributable to the
<br /> Property ahich may att$in•QrioriEy.ovec this Security tnstrument, and leas�eld payments ar ground rents, if any.
<br /> Borrower shall pay these otr�i�ti0�ns in 4�:�:rnartner provided in paragraph 2,or if�ot paid in that manner,Barrower sha11
<br /> pay them on time directly to th�person a�ed payment.Bonower shall promptly furnisb to Lender all notices of amaunts
<br /> to be paid under this paragraph:If Borrou er makes these payments direetly.Borrower shall promptly furnish to Lender
<br /> rcceipts evidencing the payments.
<br /> Borrower shall�romptly discharge any lien which has priority oves ttus 5ecurity Instrument unless Borrower:(a)
<br /> agras in writing to the paym�nt of the obligation securod by the lien in a manrer table to Lender, .
<br /> faith the lien by,or defends ag.-•.i.:�st enforcement of the lien in,legal proceedings�in the l.ender's o,nion o��n g�
<br /> prevent the rnforcement of'the t:�os forfeiture of an P perate ta ; {
<br /> y part of the Praperty;or(c)secures from the holder of the lien an
<br /> agreemmt satisfactory to Lender s��..-��L�,;,z:sz�the lien to this Secunty Instrument.If Lender determines that�ny part of ` � y�
<br /> the Property is subject to a lien which r.:ay attain priority �ver this Security Instrument. Lender may give Borrower a
<br /> notice i�entifying the lien.Barroa•er shall satisfy the lien or take one ar rreore oP the actions set forth abave w:thin 10 days
<br /> of the�i.�ing of notice.
<br /> S. Haurd�Ensurance, Borrower shall keep thr improvements now eaisting or hereafter erected on the Property .�.
<br /> insurod against Ia�:Isy fire,hazards includ�within the term•'ezter.dod coverage"and any other hazards far which Lender ,G .
<br /> requires insurar:r.. �his in5t;rance shall 6e maintainet! in the am3�nts and Por the periods that l.ender reyuires. 7'he
<br /> insurartce carrier providing thc cnsurance shall be chasen hy Barrawer subje��t to Lender's approval whicS� shall not be
<br /> unreasonably withheld.
<br /> All insurance po)icies and renewals shall be acceptable to Lender and shal)include a standard mongage elause. '
<br /> Lender shall have the rigi�t to hold the policies and renewals. lf Lender requires,Borrower�!�i`.1 promptly give to Lender
<br /> all receipts os paid premiums and renewal notices,ln the event af foss.Borrower shal)give prompt notice to the insurance
<br /> carrier and Lender.Lender may make proof of'loss if not made promptly by Borrower.
<br /> Untess Lender and Borrower otherwise agree in writing,insurance proceeds shall be apptied to resr�racion or repair
<br /> of the Property damaged,iP the restoration or repair is ecanomically feasible and L.ender's s�;;�rity is not lessened. If the
<br /> restoration ot repa�c is not economically feasible or Lender's securttr would be lessened,t}e�asurance proceeds sha!! 1s�
<br /> applied to the s;:m.s secured by th�s Secur.c�. �nstrument,wheet�.er or not then due. with ar.;. �zcess paid ro Borrower. �f
<br /> Borrawer abando:�s the Property,or does not answer u�2�in 30 days a notice from �.ender that the inscrar.�carrier has
<br /> offerod to settte a c�aim.then Le:r.der may coliect t}:e cnc�,rsnee prx�e�s,;,endt.«<�.J u;e tl,e prnceeds to repair or restore
<br />, the�'r��r•:�v�r rc�ay sums s�,�red by this�;c�rzrt t-,s:rument,whether or not then due. The 34day penod wil)begin
<br /> wher t?:a R«cice as��ven.
<br /> Unless Lertder and iiorrower otherwi:�:agree in writing,arey application of proceeds to principal shall not eatend or
<br /> post;�n:se the due date oPthe monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.!f
<br /> undes�aragraph 19 the Property is acqu�red by l,ender. Borrower's right tc►any msurancr poLc�es and prvreeds rewul�ing
<br /> from damage to the Property prinr to the acy�isition shall pass ta Lender tn the extent af the tium�secured hy th�s 5ecunty �~ `
<br /> Instrument�mmediately pnor to the acquisitian. �
<br /> 6. Preserration aed M�inteeance olProperty;Leasehotds, Botr�wer shall not destrc�y,damage�r substantially
<br /> change ihe Prqpeny. altow the Property tv deteriorate ot comm�t waste. li this Security Instrument is on a leasehold.
<br /> Borrower shall camply w�th the provts�ons of the lease,and if Horrower arywres fee tille to the Ptoperly,the leasehold and
<br /> fee title shaU not merge unless l.ertder aorees ts�the stsrrger�n K ritir�g.
<br /> 7. Prottcfion of IRnder'a Rip,hts in the Proptrrty; ,yo�tgage Insurance. If borr�wer fa�ls tn �rfnrm the ;`7
<br /> ( c�venants and agrrements contained�n th�.5ecunty Instrument,or there i�a lega!proceedmg that may s�gn�firantly aflect ��
<br /> Lender's rights in the Prnperty (such as a pr<rceeding�n bankruptcy, ptubate, fnr condemnaUon ar te�en.°7rce laws ar ���
<br /> regutat�ons).then I.ender may do and pay fur whntevpr fs necessary tu pre�tect the�alue uf the Prnprr�y and Le:�der's rights n•j
<br /> in the Pmy�erty Lender's actions may ihctucic a •in ���
<br /> InstrutnenE,appeanng m c�,utt.pay�rr�;rea�cmahte attnrneyt fercw;�nd er tenng nr the I'mpp�� t�,��ake repa�n�Ahh�+uRh
<br /> Lender may take actmr�uncter tlns par�graph 7, i er�det d��es not have Iv dn sv '
<br /> Any amr,zmtc d��hurScd Frr Lender under rt�rs p�ra�r�pte 7�h���he«,n,e,tdJrtt�mai deht ��f N:�rtnwe►tecurrd hy th�� �
<br /> 5ecurdy(ncuuenent !'nlese N��trr�tivrt and 1 etrticr aRree te►nttier term�uf��e�ment, tirr�r amc�unts�ft.il!hear interc�r fr��n�
<br /> the �ate ��! d�chur�crncno a� the '`ntc r;�te ,u�c3 �hall he �r,�y,�n�c, uitF� ����rtetit. u�+f•n n��ti,r lnmz Lcniler tn Ha�rrn��ct
<br /> rtytceihnR p�rmei�t
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