|
�� }r , ; . ..�:,�„=,;ss•.����;aa_�:,.e�+�:!�� `��2� f:...� i �..;,xe..-x�r��.k�.�...�r,st- :.t�� �.��u;�"Fn`�"�/ ' a
<br /> -�f.� -- ---6�� �y.4, ?�-r'e:�,.�`��a:�• %i�" � - -�e� .�, _
<br /> �� -
<br /> — --_- - - - -
<br /> -
<br /> ---- -- -—— - ----__------_ - -- - — --- -_-- _
<br /> -
<br /> --- — — ---- __ - ---- — --- -----=_
<br /> -.
<br /> ' ` , � i � ° , � • � - �
<br /> . , <• - -
<br /> � � � � _ `u���o�M�,��s. R���°�� 9°-�tal��. � - �o-=�.QO�ri� � � . �� , .
<br /> � t.payment of Rrtncipa!and tRtKSS� Prepsyment and lats Charges. � Bor►ower shaD promptiy Ray when duc t5e •
<br /> - pr�dpal of and hterost an tAe QeDt evide�teed by the Note and any prepayrnen!aad late charges due under the Not� � •
<br /> Z. Funds tor Tax�s and tnsuranCe. Subjeei ta appW�b(e taw,or to a written waiver�by Lender,Barravrer sheA pay ta Lender _ �
<br /> � bn the d�y monthty payn�ents are due�ti�Nate.un�7 the Note.fs pafd in tuN.a sum r'Funds'� equai to onetwelM ot (aj yeuty �
<br /> ` � `taxes and assessments whkA mty aSah p�ofiy over thts Securiry tnsUurt� (Dk yeedy feaseho(d'payments or ground reists on the �
<br /> �P�Y.�and: •(c)YearN ha=ard i�surance Pre�um�and(d�Yeeri�I mort9a3�insurance premiums.d erry.The it�ns are caYeB "escrow
<br /> • ndns." Lender may estirnate the Funds due on t:�e basis ot current dau•and reasonabte estimates ot hnure escrow ftems., . .
<br /> The Furuls shall be held in are instiWiion Me deposits ar accounts�ot whkh are tnsured ar quaranteed by a federas a staie sgaicS► . '
<br /> (tn�dtcdng l.ender�Lender Ls audr an hat�uGnnj. Lender shat eppty the Funds to pay!he,esao�ne items.. I,ertder may not charge for hofd-
<br /> ing and appying the F�, anatyzfng the accourtt ar ver9tyirig the ea�sow items. untess Lendcx payS Bo►rower(nteresE on the Funds and ,
<br /> � , appGeabfe taw pam7s Lander to m�tcs sueh a charye."Bc�1�rb8artd Lender may acjee in wrking that tnterest shaA 6�•p�td on the Funda. .
<br /> • ` Unlesa an agreernent fs mtde at appicabte taw requires hterest to be pa10. Lender sha9 nat be required to pay BpirOwer any intero�f or . ' '
<br /> '_ eamirtgs on the Funds. Lender atW ghre to Bo��enthout charge.an annuat accounting of the Funds show(ng cre�ts and debifs to . �
<br /> • the Furtds an�!the purpose fa whkh ach debit`��.`,��.°FurtQs was made Th¢ Funds are pfedged as addrtional securiry for fhe anms
<br /> , seeured 6y tt�:s SewrRy�(nswmerst. . - .
<br /> If the amouni ot tAs WstCs hdd Dy Lendef. to�.*dces wfth the future monthiy payments ot.Funds payab�g pdor to`the due dafea of the �
<br /> escrow i[ems, shaA excse0 the amount�equked to�pay the escraw items when due. the excess shaQ 6e. at Barrawer's apU6n. eitfier .
<br /> . pmmpUy nepaid to Borrr�wer or c�ed�[ec!t�Bortovber on merrthly payments of Funds. H the amaunt oi the Funds held by Lender `fs not .
<br /> suffidertt to pap the escrow items whec�d�e. Borrevrer shaA pay to tender arry amouni..��_ssary to make up the d�aienay in one a .
<br />_ _'--`_-_,---- :. .iitOiG i'la�fli6di�.4 83 fBQfji�{S��.KK��aE�F.• �-- ' .. _.
<br /> ` Upon paynKnt in fuM of d aums seaued by this Security Insbumeat, L�der shall pmmpth/refiend to 8om�qer any FuRds heW by •
<br /> Lender. If w�TQer pawgrapb 18 the Property ia sold a�'�!'ued by lender, Lender ShaO appty.no later thase bmned'iately prfar to ttrs s�te
<br /> ot the Pra�or its at�uisition by Lender. any f-�,:r�hefd by l�3er at the time of appfcation as a credrt against the sums se�u�ed'by '
<br /> . this Secur�y arsstrume�tt. . .
<br /> � 3. App?ic3�Fon Of$aymYMs. Untess epp�le'Iaw provldes otherwlse. all payments received by Lender under �tara�fis t � , ` '
<br /> and 2 shail be appped:€�,.ta 4rte charges due un��the Nole; second, to prepayment charges due under the Note; third,to_ama�n'�s
<br />. payabfe urtder paragra�h�touRh,to k►teres!due: and last.to pdncipal dua � • .
<br /> , 4. ChBU'g6S; LY@tt8. BoROwer s'h�A pay ep taxes. assessments. charges. fines.anst a�ositions amibutabte to the Property whid►
<br /> . t�1ay&ttaiss�°n��-it�OVeP titi5 oeG'iiiny iris�ucatenk end teaseitoioi paymertis vr�ouraf.�atis. P anY• Borrawer siraii PaI►fite.se obifgeCiorts�n - -
<br /> ' the manner provided h paragrspb 2, or N not peid a�fhat manner.6oROwer shaw pay them on ttme directly to the person owed payrtien� " `
<br /> Borrewer sha9 prompt[y fumiah to the Le�der a1 noUa�Cs of amounts to be paid under tflis paraqraph. ff Borrower makes these paymenb � ' �.
<br /> � ' direcity,.8orrawer ahap prompt�y lumisb to tende►receipts evidendng the paymertts. � � `
<br /> f
<br /> � 8ortower sfiaQ promptly dscfurge any pen whtct� has priarlty ovar this Secu Instrument untess @oaower. (a)agrees in writinp to!he , ,
<br /> , � f ,_
<br /> payment of the obllgaUon secured by the Aen in a manner acceptaf�te to Lender; (b) contests In good faith the Oen by.or detends agatnst
<br /> , � enforcement of the Iten in. leq�l proceedktgs whfch tn the Lender's opinian operate to prevent the enforcement of the lien or forfeiWte. af
<br />- � . any part of the PropeRy;as(c)aecures hom tha hotder o1 the 11en an agreement satisfactory to I.ender subordinattng the lien to thls Secu�iiy . ; -
<br /> tnstrumen4 tf Lender deterrnhes that�y part oi ibe Property is subjed to a Iten whtch may altain prtoriry over thls Security Instrument�
<br /> Lender may glve Botrower a notice Ide��inp the Iten. Bortower shatl saNsty the lien ot take cc:e or more o!the acllons set fodh a6ove � _
<br /> within 10�days o1 the gh►inp of notice . , —
<br /> , 5. Hazard Insuranc�. Borrower shall keep the improvements�ow exlsting or hereafter erected oz�t���a PropeAy lnsured agak�st :y;
<br /> ; loss by tlre, G�azarda included within the term "exte:,�Sc�caverage" and any other h.�zards for whlch lertder requtres insurance. This �T'
<br /> insurance st��'�be mak►tained b the amounta and tor the pedods that Lender requires.The tnsurance carrier providing the irtsurance ahs0
<br /> be ct�osen by Borrower subject to Lendera spproval whicfi sfiall not be unreasonably withhefd.
<br /> All lnsu►ance poQctes ae�s�en�nrats ahall be acceptable to the Lender and sha6:�.�dude a stendard moRgage clause. lender shall have �
<br /> r
<br /> tfie riyht to hofd the po�dies and renewal�. It Lender requires. Borrower shaH pr�mptty give to Lender all receipts of patd premiuma and
<br /> renewal noUce�, tn the a+ient ol bss. Borrower shall glve prompt notice to the insurance caRler and Lender. Lender may make proot oi �+.:
<br /> foss tf aof made prompty by Boaower,
<br /> , ' Untess Lande►and BoROwer otherwtse ayree in writing.insurance proceeds shaU be applied eo restoration ar repalr o! the Prepeity , .�-s�:`
<br /> damaged� H the restoratlon a repair is ecanomicalty teasibfe and Lertder's sedudry is not tessened. If the restoratlon or repalr is not econ• � �
<br /> omlcally feasibte or lender'a aecurity would ba tessened, the(nsurance proceeds shall be apptted to the sums secured by this Secwdry ' �
<br /> tnstrument, whether or not lhen due,wlth a�excess paid to Borrcwer.I1 Bonower ebandons the Propnrty, or does not ancwer within 30 �
<br /> ' ` days a notice irom LenQer that ths tnsutance carrler has oHered to settle a.cfaim,then Lender may collect the insurance proceede. Lender
<br /> may use the proceeds to�ep�ir or restore the Property or to pay sums secured by this Securlty Instrument,whether or nof then due.The
<br /> 30•day perlod.will begin when tfie notice Is glven.
<br /> � � -- ���- Untess Lender and Borrower otherwise agree in wrrting,-any appllcatton of prcezeds to-principat shaN not extend or postpone the due�-- --�-- ----���- -� -- �
<br /> dafe ot the monthfy paymenta reterred to In parag►aph 1 and 2 or rfiange the amount ot the payments. It under perag�aph 19 the Property �
<br /> is acquired by Lender, Bortower's rlgt�t to any insurance poticles and proceeds resulting irom eamage to the Property p-iaa to the acquls-
<br /> ition shalt pass to lender to the exler:t�9 the sums by this 3ecurity fnsirument immediatety prlor to the acqutsition. �
<br /> � 6. P�eservation acrd Maint�nanaa of P'roperty; LeaSehAlds.Borrower sha�l not desiroy,damage or subs:a:�'�IIy c4�a�rge
<br /> �ne P�ay�rt+,i, altow the Pt�perty to detedonte er cammi!wasie. I}this Securityl Instrument ls on a leasehotd, 8orrower shall comply with
<br /> !he pea�r:��.ns of the(ease.and H Ba.zcwer acquires tee title to the P�roperty,ihe leasehotd and tee•titte shall not merge uniess the Lender
<br /> agrees to the merger tn wriftnq.
<br /> � 7. Protection o! I.,and�Ps Ri�hts in thq Property; Mortgage fnsurance. N 8orrower faits to penorm the covenants ; ---�`
<br />. an0 agreements contalne4 In thls Security fnstrumerst. or ihere is a tegal proceeding'that may slgniflcantty aftect the Lender's dght ln the
<br /> , f►roperty (such as a proceedinp in b�nlwptcy,probate.tor conderanation or to entorce Iavrs or ragutations), then Lender may do and pay , �
<br /> tor whatever ls necessary to protect th�.value of the Ptoperty and Lender's rlghts 1n the properiy. Lender's`actions may include payirtg eny �
<br /> . sums secured by a tien whlch hae prlbrlEy aver thfg SecUrltSt tn�tatmeM. sPP�S��uel.Payku3 r�s:,�c�abte atterr�ys'iccs and cntcr�sg ,
<br /> on the PropeRy to make repalrs.Atthougb Lender may take action unde►pareg�aph 7. Lender does not have to do so. �
<br /> � My amaunts disbursed by Lender urtQer paragraph 7 shall become edditional debt ot Boriower secured by this Securiry Instrument. �r
<br /> Untass Bonower and Lertder e�qree tc cttj�t terms of paymaM, these amuunts shall bear interest trom date of disbursemeN at the tVote ��
<br /> rate art9 shap be payabte,upan notice�ram Lender to Bonower requesting paymenl. �
<br /> * d1S43 A charg� a�ass�d by Lond�� in aonnection witM Bor�ower's entering into thls Securtty �
<br /> Instrument to pay the eost of an independenf tax reparting sewice shall not be a ch�rge tar purpose F �.�� .
<br /> , . � r
<br /> :,:� 7 •0 's
<br />° � tv,,�,tr .+tz.y t•;y,n.,� ��„S/.�:vvE . t1�7vo7!� • . ._--- ---�----- .
<br /> � ' �
<br />
|