|
__._.�-_..�..�...��W.�.. �. .. W_ .--.,�..������_ .
<br /> .._._..�. . , .
<br /> ; ,,._.�.ya� .,��.. .�._..... __.. �,�__..
<br />'_e
<br />� � �
<br /> � E�ch moathty Inat�Mmer►1 Icu Kam� (�), {b),w�d(c)ehaM ec�ual a,�e�Mrelfth of tha ennun!emounta, ee tc�sonaby ealFna�ed��°�
<br /> by Lend�r, pRr�an�u►wunt�u1'Iklent to m�k�t�ln �n�dditton�l ba�nce di not more than onastxth of the aetknatetl�maunts.
<br /> Th�NN Mnwl amount ta saeh R�n�Mr n��eeumuatro by Lander wiinin� p�I�d�oin�oi.e aiwiti�bsiore�n itetn wauid
<br /> b�com�cfoAnqu�nt. lwttkr�haN hold the tmount�cc+Mected h tNat to p�y K�ms (�), (b),�nd (c�bNore ihey t►ecome daRnquent.
<br /> � It �t�ny dr»�th� tWN of th� payaant� hekt by L�ndK tor Nems(a), (bj, �nd (o), topNhK MrNh th�tutun monihy payma�ta
<br /> tor weA R�mo p�y�bN to l�nd�r pr4or to th�dta d�ta oT euch R�, �uca�d�by mor�lhan c�nts�th ih�atinxt�d emount
<br /> ai p�Y����� MY:ttch I�rtu when dus,�nd k p�yn�nta on tA�Noi�an cumnt.thsn l�ndrt sha��ittus �Nund
<br /> th�woKS ovr ont�ixth W th+�sNm�t�d paymants a cx�d4 th��ocass ov�e ons�abcth ol ihe asdrn�ted payments to wbeequent
<br /> payn�ts Dy Bo�rowr, al th� opl{on ol BarrnwK. 11 th�toUl at the paynMnta m�d�by BorrowK for Ic�m (�), (b),or (o)
<br /> Is fnw111cNnt to pay th� k�+n whm due,tha�BorrowK�haM psy 40 lender�ny�mount nec�sary to m�1ce up the dellelency
<br /> on or bMar�1h� d�t�tha��n becoma due.
<br /> As u�d In thN S�cuiily Inatnirt�ent. '8e�xetary'mans the 3ea�eUry ot Houatnp�nd Wb�n pevebpment or hla or her
<br /> d�sf�n�r. Mo�t 3�cwlty I�strum�rtts irtsuced by th�S�cretary an inaund undK proprams which nquin ad�rance payrtiari oi
<br /> tl» �nttn mortq��(ns�x�nc��!+rn• IC.�l:Yl�Sn�xity Instrumeot Is a wa hwnd undar�psoQ�n�rhich did not �aquke
<br /> �dwnc�pa�;t of Ih� �ndr�mortqr�a C�r��tanos prwnp�m,thsn acb ma►lhy p�ym�nt sIW�bo indud��ithw: m an hsLMntent
<br /> of th��rw�aM rtwrty�y� huxanc�prwe�Li:rn t4.Dt pdd by l.�nd�r to the SKraf�ryr.or(i�a monthy eharge tnatMd W a mort9�ys
<br /> hsueno�p�xre N thb S�curNyt Inatrur.tim:�b h�id by th�S�csehry. EacA monthy insaAnNnt d ti�e morty�hs�xance
<br /> prwrM�n ahaR 0� in�n amount w111ckat ta acxumui�te tAe tul�nnusl mort�Icu�u�anc�prrmium wilh Leedar on�monlh
<br /> prioo to th�d�tr tM tuN�nnual moR��a insu�nce praNum b du�to tt�a S�p�xyo,or ft thb S�axiry instrumMtt b heid
<br /> . b�r 1M S�awwy. Mch monthy chs�st►a� �h�amount pud to o�irra�uu��f1 ax�e-h�M p�rc�nt o!tAe outst�ndinp Principal '
<br /> . bshna dw ena tYhe N'ate. '. , ,
<br /> �fD�tk�rr9�era to Leer.der the taiN p,a�ment ot aM sura aecured 3sy t3ais Sacurlty lnnrument, eortowei'a eccount at►nM
<br /> : ��c�dlta w+�"►32�s ba�raa����Q�,x all InetaArnc�+te tar Rems(a};it,},utd(cy and�ufy moRy��e i�aurance premium
<br /> , : instaAme�M t!W��'dei 2�a�ai�at 6ecome obli�ted to pay to the Secxetay,+�nd lender ahaA prompty refund any excxss funds
<br /> to Borrower. lmrnec�atey p�bf to u loredosure sats of th� Property a its�c�ulsiUon by Lendar. Bortov�rer's account sh�M
<br /> bs aydihd wRh any b�nos rerrwk�tnp ta aN InstalNn�tt for ftems(a�, (b),�nd(ej.
<br /> 3. App1iC�Not1 of P�ym�nts. A!I payrme�ts under panyrapha t md 2 shaM b�appli�d by Lender a�toNows:
<br /> �,to th�rmrt�pe inaurana pre�nNim to be p�id by Leod�r to th� Se�xatary or to th�monthy chuy�by the S�a�ry
<br /> InstMd ol th�monthy mort�ya hsunnce p�eMum, unku BoROwr paid th� entin motty�9e hsurance prardum when thls
<br /> SeeurNy Inswm�nt w�s sipn�d; ,
<br /> �,to any Uuca, specJal assessments,NasMotd payrt�ts or pround�ents, �nd flre, tlood and other hazard hsurancs
<br /> preYr�lums.as nquinad; '
<br /> �,to bterest dw under the Nole: .
<br /> Fouhh.to amoNzation o1 the prk�dpal ol the Note;
<br /> �1,to late charye� due under the Note. ' _
<br /> �. F1n, Flood snd Oth�r Haz�t�r�d tnsuranc�. BoROw�ahaA(naure a�knprovements on the Property,wnetner _
<br /> - ._. _= n!`W If�M�1�tMM�►e��M �r�Nu r�r�..�-13:.�.5�. h���� • ��!N'}-�}i�r�� � .^d N....w.l..� M..1. t f .^.Al�!�} ��M�i ��� , ._...
<br /> !�' "!"" ) � �^^�M,v Cw�uyw ww/Mtv�V�tr�1 �W �^.r wv� iV�YMCi
<br /> bwanw. Thi�insuRnc�ahaY b� m�htalned h the amounta and for the p�riods that Lender nqutre�. Borrower aAali dso x
<br /> hsun�irnprovement� o�ths Property,whethx now in extstmes or aubaequenty arectsd,ayaN�st bss by 1loode to ihe extent .� -
<br /> nquind by th�S�atay. M inwnnce shaM be curiad wkh companies approved by Lenda. Th�hsuwnce policies �nd any `
<br /> renawUs atW b� heid by L�ndK and sh�M includ�bsa payabk dwses fn favor of,and in a fortn acceptabls to. L�nder.
<br /> In th�ev�t of bas.BoROwer sh�N �re Lender imnediate notke by mu7. Lender may melce prcof of lo�i!r�S made
<br /> prompty by B�rtnwer. Each insurance company concbmed b heroby�uthqtred and d'reded to rrrks p�yrrbnt tor auch bss
<br /> direcdy to Lertder. inate�d ot to BoROwer�nd to Lender Jointy, A1 or�ny put of the insur�noe proceeds may be�pp�ed
<br /> by Lendar.�t ks opti�on, either (a)to the roducUon of the indebtedneaa under the Note and this Security Instrument,fkst ta
<br /> �ny deNnquent�rnounts appNed in the order in Paragraph 3. �nd then to prepaymeat of principat, or(b) to the restoratton
<br /> or rep�k of ths damage�propeAy. Any appltc�tlon oi ths proceeds to the princpal shaY not extead or postpone the due date
<br /> of th�monthy payments vrhieh �rs reterred to in Paraqr�ph 2,or chanpe the amount ot such paymenta. My excesa insurance
<br /> proc:eeds over m amount required to pay sN outstandiny indebtednes�under the Note and this Secudty InsUument ahaN be
<br /> paid to the entiry {e�Ny entilie�thereto.
<br /> In the event of toradosure o1 thia Security InsUUme�t or other tranafer of titk to tha Property thad exUn�ulshes the
<br /> hdebtedness, d ri9ht,titte�nd intetest oi Borrower in and to kfsurance poWcles in torce shall pass to the purchaser. `
<br /> 5. Pnsorvrtion and M�tnter�anc• of tFu P�op�Hy, L�as�holds. eorrorver snaM not c«rxr�t waste or destroy,
<br /> d�mape a sub�tantl�lly ehu��e the Property or dbw the Property to deteriorate,re�aonable werv�nd teor excepted. Lender may Inspect
<br /> the prop�ty N tht prop�rty i� vacu�t or abandoned or the loin ia in delau�. Lender m�y Wce reaaon�ble actlon to protect
<br /> , �nd preservs auch wcant or abandoned property. It thia Searity InsUUmenl b on a te�aehold. Barower shaM compht with
<br /> the provisions ot ih�lease. If Borrower scqu�es tee tiUe to the PropeAy, the le�sehold and tea tiUe shaN not be mer�ed unless
<br /> lestda ayrsa to 4he meryer in writing.
<br /> B. Cha:�s to 8o:rawar a��! Pralaclio� o! leo�doc'=Rl�htt tr� th�Property. Qorrower si�all pay aR
<br /> q�vemmenW or munidpal charye�, fines end impositiona tnst�re not inciuded In r�arapraph 2. Sortower shafi pay these oWigaiions
<br /> on time dirsctly to th�entity whiCh is owed the paynxnt. tf f�iluro to p�y woufd adversey aftect Lender's interest in the PropeAy.
<br /> upon la�der's request Borrower shaN promptly tumish to Lender receipts evidencing these payrn�r►ts.
<br /> II Borrower taNa to meke lhese p�yrnents or the prayments requ(red tiy Part9ntph 2,or fails to perfortn any other covenants __ ______
<br /> md a�r�ne�ta eont�lned h this Sea,rity InsVument, or there Is a le�l proceedu�g that may significantty etfect Lender'a rights ; �
<br /> 1n th�Ptop�t;(�:ssh ra a p��..�e�Fn�in t�et±�n;ot�y,tor r,Qndeins►ation er to e�!_•ro�ws or s�+�se!�Uens).then iender rray
<br /> . da and pay whatever fa neoessuy to protect the value ot the Property and lerader's rights in ttaE Propesiy, induding payment
<br /> ol taxes, hwrd insunnce�rtd othes itroms men6oned+n Pangraph 2.
<br /> � ,
<br /> My amounts disbuned tay�enQer under this P�ragraph shaN beeome an addi2+onal debt of Borrower and be secured
<br /> Cy this Seauiry t�strument. These amounts shall �ear interest tram the date Q�6sbursement,aS the Note rat�, and at ihe �
<br /> � aption ot Lensier, shaq tLe immediatery due and payab�e. �
<br /> ��
<br /> �h
<br /> tD
<br /> ���
<br />. _ _ _.�_ ____._' rHA t�(C'OS�� L:r rJ. ..�. ���-. —'
<br /> �'O�C 1 nf S e•..,. i[�1��?['.. q��i
<br /> ���
<br /> _.... . .__ _._--,�-.r� _—�....__�.�--...
<br /> "__ . '11'-__`^^.i"'-�.""T""""T^�•. —._,�-..-._...-...__.. __._
<br /> `. . . � . .�.._._.J ,_. ". . `—_._ ._- — - '—.-.
<br /> . • _. : v 4�0[ .Ja ' �,: y , . . ,_ • ��"'r —
<br /> �un�:.� ..�. � . �- � �' � .'`�.'. ....-..t..,: .rv...,n.. • ,i� . . . - . i. . - . —
<br /> . . .. �, ' . � . , .. � .
<br /> , . � . . ' � ' .. �� . ' c
<br /> . .. . . - ,, . -�` _
<br /> —�_-�._._.—..--__�—'--'�=___- ' --�-�----- - ---- ------ ---- --- . .
<br /> r, - -- .. .. - .— - " '',`. - ----_------—----- — - - --
<br />
|