|
`.r.+l.�,1ki4 _ _ . ... . ..v...�........,r'.cr, ...�.� . �W.e---°...-...L:1.Si7;.;T�1...'�'��Lx?.�i_:�L„vkelMlYFia .i .. ° --�-. ---- .
<br /> :if�,i�'r�
<br /> �y-�
<br /> —�
<br /> _���
<br /> i��i =
<br /> .—_. _' � � -..
<br /> � 90-- 10�32`�
<br /> � UNIFOItM CavENANTS. Borrower�nd Lender covenant and agree as follows: ...,..,.+»
<br /> 1. Pap�t ot Piriacl�a!u�d Iaterat;prep�ymeet and I.ate CAu�, Borrower shall promptly pay when due
<br /> thc psincipal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> Z. F'eet�far T�tes�nd Iazuneee. Sub}ect to�pplicablo law or to a written wa��+tr by Lcndrr.Horrower shall pay
<br /> to Lendcr on the dAy monthly payments sre due under the Nate,until tha Note is paid in full�a sum(•'Funds")equal to
<br /> oaatrvelRh of (a�yeuly t�es and assessments which m�y �tt�in priority over this Security Instrument; (b) ye�rty
<br /> taxhold payments or 6round rents on tDu Property, if�y; (c) yearly hazard insurance premiums; and (d) yearly
<br /> mortpge insurance premiums,if any.'I'hae items nre called•'escrow itoms."Lender may estimxte the Funds due on the
<br /> b�sis of current d�ts an3 rasonsble atim:tes of fl�ture escrow items.
<br /> The Funds shall be held in an institution the deposits or accounts of which are insuted or guaranteed by a federul or '
<br /> state�a�cy(includina L.ender if Lender is such an instltution).I.ender shall apply the Funds to pay the escrow items.
<br /> I.ender may not chu�e f�r holding and applying the Funds,sn�lyzing the account or veritying thr escrow items. unless
<br /> La�der p�ys Borrowar interat on the Funds and�pplicable law permits Lender to m�lcc such a charge. Borrower and
<br /> lrrnder may ttara in �vriting that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> requira interest to be paid,Lender shall aot be required to p�y Borrower any interat or arnings on the Funds.Lender
<br /> sball give to Horrorver,without chugc,an snnua!accounting af tht Funds showing credits and debits to the Funds and the
<br /> purpose for which esch debit to the Funds was made.The Funds ue pledgad as additional security for the sums secured by
<br /> I this Sacurity Instrument.
<br /> ; If the amuunt of the Funds held by Lender,together with tho future monthly payments of Funds payable prior to
<br /> ; the due dates of the escrow items,shall exceed the amount required to pay the escrow items when due�the excess shall be,
<br /> � at Borroxer's option,either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br /> �mouat of t�Fnnds held by Lender is not suf6cient to psy the escrow items when due,Borrower shaU puy to Lender any
<br /> ' a�nount necxswy�o make up the defici�ncy in one or more p�ymeats as required by Leader.
<br /> Upoa pnyment in full of all sums secured by this Security Instrument,I.ender shall promptly refund to Borrowtr
<br /> any Funds�d by Lender. If under parugraph 19 the Propetty is sald or acquirod by Lender.Lender shall apply�no later
<br /> , than immed'aatefy prior to the sale of the Property or its acquisition by Lender, any Funds held by Lendcr at the time of
<br /> . appGcation u a aredit Against the sums secured by tbis Security Instrument.
<br /> ' 3. AMlkado�o!Payseab. Unless applicable lsw provides otherwise,all payments received by Lender under
<br /> paragnphs 1 and 2 shall be applied:first.to l�tc charges due under the Notr,second,to prepayment charges due under the
<br /> Note;third�ta aunounts payabls under paragraph 2;fourth,to inurat due;and ls�st,to principal due.
<br /> 4• �I.iest. Honower shall pay aU ta�ces,assessments.charges, flnes and impositions attributabte to the �
<br /> Property which may attain priority.over thia Seeurity Jnstrummt, and leasehold psyments or ground rents. if any.
<br /> _ , Bomo�ver ahall pay these obligations in the manner prorided in pars�gaph 2.or if not paid in that manner.Bortower shall
<br /> pay them on time directty to the person owed paymtnt,Bort�owrer ahaU promptly fumish to Lender all notices of amounts ;
<br /> w be paid under this panaraph. If Bonower makrs these papments directly�Borrower shall prompily fumish to l.ender -
<br /> - ic�iipi's c�i-ia'aw,ina ii�e psymrnls. - . . -
<br /> i Homo�ver shall pmmptly dixharge any lien which hu priority over this Security Instrument unless Borrower:(a) -
<br /> ajras in MritinE to the payment of the abli tion secured b the lien in a manner a (b)contests in good
<br /> i 8= Y cceptable to Lender; _
<br /> faith the lien by.or defrnds against enforamrnt of the licn in,legal proceedings which in the Lender's opiniorr operate to
<br /> � preva�t the enforcement of the lien or forfeiture of any put of the Property;or(c)secures from the holder of the lien an ��—
<br /> � aarxment satisfactory to Lender subordinating the lien to this Sceurity Instrument.lf I.ender determines that any gart of ;
<br /> the Property is subject to a lien which may attain priority over this Security lnstrnment. Lender may give Boe�r�wer a �
<br /> notice identifyina the lien.Borrower shall satisfy the lien or uke one or more of the actions set forth above within 9f!days '
<br /> of the pvina of noticc. ,
<br /> �• Hasard Iasuraaca Borrvwer shall kap the improvemenu now existing or hereafter erected on the Property � �
<br /> insw+ed s�ainst loss by fire,hazards included within the term"eatended coverage"and any other hazards for which Lender '
<br /> requira insurance. This insurance shill be maintained in the amounts and for the periods that Lender�equira. The
<br /> � insucance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shsll not be .,�t
<br /> ; unreasonably withheld. �
<br /> , All insutxnx policies and renewals shall be acceptable to Lendtr and shall include a standard mongage clause.
<br /> I.ender shall iiave the�ight to hold the policies and renowals.If Lender requires, Borrower shall promptly give to Lender �
<br /> ill roceipts of paid prcmiums and renewal notices. In the event af loss,Borrower shall gite prompt notice to the insurance
<br /> carrier and Lender.Lender may make proof of loss if not made promptly by Borrower.
<br /> . Unless Lender and Borrower otherwise agree�in writing,insurance proceeds shalt be applied ta restoration or repair
<br /> of the Property damaged,if the restoration or cepair is economically feasible and Lender's security is noi lessened. If the
<br /> reatontion or repair is not economically feasible or Lender's security would be lasecssd, the insurana psoceeds shall be
<br /> applied to the sums sccured hy this Serurity lnstrument, whether or not then due,with any eacess paid to Bonvwer. If
<br /> , Borroaer abandons the Aropeny,or das no3 answer within 3C1 days a notice from Lender that the insurance carrier has
<br /> oAbred to settle a claim.then Lender msy collect[t�s snsnraacr Fsoceeds.Les;3rr may use the proceeds to repair or restore
<br /> t!x Pro�Ry as ta pay sums secureei by this Socurity Instrnma�t.whether or not then due. The 30�day period will begin
<br /> rv+►en ii�e noiice ia giver�.
<br /> ilnkss Lender and Borrflwe�otherwise agree in arriting,a,�y application of proceeds to principal shall not extend or
<br /> postpone the due date of tht monthly payments referred to in p�ragraphs 1 and 2 or changa the amount of'the payments.lf
<br /> uader paragrYph 19 the Propeny is acquired by Lender,Borrower's right to any insurance policia and proceeds resulting
<br /> T from damage to the Property prior to the acquisition shall pass to I.ender to the extent of the sums secured by this Secunty ;
<br /> .nstrutsiztii imme�iai�,y pti�r t�ihe acyuisition.
<br /> 6. Presen�tton and Mainteeaece o!Prope�;Leasehutds, Borrower shall not destroy,damag�or substantislly
<br /> change the Property, allow the Propeny to deteriorate or cQC�arnit wasce. If this Security Instrument is on a le,asehold,
<br /> Borrower shall cdmply with the pravisions of the lease,and if Borrawcr�cquires fee title to thc Property,the leasehold and '
<br /> fa titl�shall not merge unless Lcnder agrees to the merger in writing.
<br /> 7. Protection of I.�nder's Rig6ta in the Property; Mortgsge Insunnce. If 8orrower fails t� perform the N�
<br /> � covenaa�ts and agreements cflntained�n this 5ecunty Instrument, or there ts a legal proceeding that may significantly affect �`�
<br /> Ltnder's rights in the Property (such as a pror.reding in bankruptcy, probate, f�r condernnatwn or to erforce laws or
<br /> regulations),then Lender rnay do and pay for whatever�s aecessary to pratect the value of the Property and Lcnder's nghts n
<br /> __ in the Property. l.ender's act:ons may include paying any sums secured by a lten which has pnonty over �hi� Sec�,r��y �
<br /> tnsttument,appearing�n court,paying rcasonable attorneys'fees and entenng on the Property to mal�e repairs Although �,
<br /> Lender may take action under th�s paragraph 7.Lender dexs not have to do so '
<br /> Any amounts d�sbursed by Lender under th�s paragraph 7 shall become add�t�onal deh��,f Ft�,rrnw�r�rcurcd hy t��is ��
<br /> � -�, Secunty instrumem U nless Hormwer and Lender agrre to other terms of pa�ment. thece amc�unca�hall hear�r,tere5�from
<br /> -��: the date nf�isbursement at the Note rate and shall be payable, w�th �nternt, upon nohce frnm l.ender i� Rc�rn�wcr
<br /> � requect�ng payment
<br /> --=rl!
<br /> �1I'� n's . .. �
<br /> .,I►���
<br /> �{_���a
<br /> :��+,`•r
<br /> i ;� ,�t
<br /> ._�__•_.--'--
<br /> . .___ ... ..__ . ___.�___ ..__ ---
<br /> ���- --- -- �_.._.. .�� .__..._„__.. ._ -- - ---- — -
<br /> y-+a _ - ��� ---
<br /> - ----" , -. . .,���..,..�� -
<br /> �,':d:i. ---- - — --
<br /> ,_ ::K:
<br /> _ _ f,�i"""" ""'r .1' � � � =.s.,:�-r-;���`"-,� : • -- - , �� ' `�^�`4�"'?`xv' � �.�t^ �r - _�-r,�.'
<br /> � _ _�:�. . _
<br /> Y .,. .. .---
<br /> � �m�.�
<br /> .; ..• , . -.:--�.��n
<br /> _ � . � `,
<br /> �� �.. . . . . .. . . , ' . ` i" � . � � �
<br /> . . - � - � � � ' -
<br /> � � ,� - -- -— �ats_.� •
<br /> .. ,
<br />---- � -
<br /> .
<br /> __ ' ::——_ ' — � --. ..
<br /> • - - -.. . ,.
<br /> . „
<br />
|