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<br /> � tlhlFt�R�t Co�•FVnyTs A�rrow�cr�►�d L��ndrr rc��•enant aud agrrr ati 1'ollu��ti 90--�10 24 5� .
<br /> ' 1, Paymcnt nf Principxl and Interest;l'`epayment and t.ate Chseges. B��rr��ti�rr .l�ail ��rurnptly pay al�cn�lur
<br /> the princi;�al iiPt���ci i���ert ct ca�ilte�ebt e�idee�ced by!!ie Note at��ans prr��a}�tnrtu ane!late�har�eti due undrr the!�:c�tr.
<br /> t. F�nds far TAZes ond Insu�anse, Subject to applicnbir law�or to ii���ntten��a��rr b��I r��der,Harro��rr�hall pay
<br /> � to;.ender an the day manthly paymcnts iire due under the Notc, until thc Note is�,:eid in Pall,a�um("Pund�')rqual t��
<br /> ane-twelith oP: (al yearly taxes and nssessments w�hich m:�y attaiii priorit}� o��er this Sec�rit�� lntitrument; (h) �carl��
<br /> ' leasehold payments or graund r�nis on the Fraperty, if An}; (c) y�early� haiard insurunce premiums; und (d) }�ear!}
<br /> mtKtgage insuratfce�remiums,iP any.Thtse itenrs are��alled"rscro��•itcrnr."Lender mn}•estim3te the fiunds due on the
<br /> basis af cu�rent data and reasonable estimates of future escraw�tems.
<br /> The Funds shall be htld in an instituti�n the deposits or accountc of uhich arc insurcd or gtFarantecd hy a fcdera{or
<br /> statc agency(including l.ender if Lender is such an institution). I.ender shall apply the Fundc to pay the escroH items.
<br /> Lender may nat charge far halding and applying the Funds,anatyzing the account ar cerifyitiig the escroH�items, unless
<br /> I.ender pays Borrower interest on the Funds and applicable law permits Lender to make such t� charge. Barrower a�d
<br /> Lcnder may agree in writing thal interest shall Ue paid on the Funds. Unles.� pn agrcement is made or applicable law
<br /> ' requires interest to be paid, Lendcr shall no1 be required to pay Borro«•er any interest or earnings on the Funds. Lender
<br /> shall give to Borrower,without charge,an annunl accounting oP the Funds shoa�ing credit�and debits to the Funds and the
<br /> purpose Por which each debit to the Funds was made.�'he Funds are pledged as additional security for the sums secured by
<br /> this Security Instrument.
<br /> If'the amount of the Funds held by I.ender.together with the future monthly payme�its of Funds payable prior to
<br /> the due dates of the escrow items,shal)exceed the amount required to pay the escrow•items when due,the excess shall be,
<br /> at Hottov►er's option,either promptly repaid to Borrotver or credited to Bonower on monthly payment�oP Funds. If the
<br /> amount of the Funds held by Lender is not sufficient to pay the esrrow•items when due,Borrower shall pay to I.ender any
<br /> amount rtecessary to make up the deficiency in one or more payments as requ�red by Lender.
<br /> Upvn payment in full of all sums secured by this Security lnstrument, Lender shall pramptly refund to Borrower
<br /> : any Funds held by Lender.If under paragraph 19 the Property is�old ar acquired by Lender.Lender shall apply,no later
<br /> : than immediately prior to the sale of the Propeny or its acquisition by Lender,any Funds hctd bv Lender at Ihe time of
<br /> application as a credit against the sums secured by this Security Instrume�t.
<br /> 3. Applicatioa of Payments. Unlcsa applicable!nw providec othenrice, all payments rec�ived by Lender under
<br /> paragraphs 1 and 2�hall be applied:first.to late charges due under the Nate;secort�,r.�Frepayment charges due under the
<br /> Note;third,to amounts payable under paragraph 2;fourth,tc�intee�est d�ce;a6d last,to���incipal due.
<br /> 4. Charges;Liens. Bonawer shall pay aU taxes,asse�crnents.,cFZarges, fines and impositions Attributable to the .
<br /> Property which may attain priority,over this Security Instrument, aad teasehold payments vr ground rents, if any. �
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall
<br /> � , puy them on time directly to the person owed payment. Honow•er shall promptly furnish to Lender a11 notices of amounts '
<br /> to be paid under this paragraph. If Borrower makes these pa}�ments directly, Borrower shall pramptly furnish to Lender
<br /> receipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien whieh has priority o�er this Security Instrument unless Borrower:(a) .
<br /> _ . �g*ees ia writing tQ the�aysaent of tke o�t�gatson s�curc:by it�e Ziei►in a mann.:r a�,c�tabic to Le�der.(�j COliitSi�ii)�lxxj = _-
<br /> _ faith the lien by,pr defends ajtainst enforcement of the lien in.legal nr�dinas which in rhP 1 PnriPr c nrin��n��rarP r� -
<br /> prevent the enforeement�f the]icn ar forfeiture of any part of the Property;�r(c)acz;ares frum the hotder of che lien an " ..
<br /> agrcement satisfactory ta�.ender subordinating the lien to this Security Instrument. I€�..ender determines that any part of ,�
<br /> the Property is subject to a lien which may attain priority over this Security lnstrument, Lender ritay give Borrower a �
<br /> natice identifying the tier�. Borrower shall satisfy the lien or take one or more of the artions set fottfl atwre within 10 days
<br /> of the giving of notice. �:
<br /> S. Huud Insurance. Borrower shal)keep the impru��ements n��w existing or hereafter erected on the Propetty
<br /> insured ag,a►9.:�st loss b�-fire,hazards ir��luded within the term"extended roverage"and any other hazards for w�h:rh Lender
<br /> requires insurance. TEx�s insurance s2ia11 be maintained in the amounts and for the periiids that Lender requtres. Thc
<br /> insurance carrier proti•i�ing the insurance shall be chosen by Bo.*rower subject ta Lender's approval which shatl not be �
<br /> unreasanably withheld.
<br /> ' All insurance policies and rer,euals chal)be acceptable to Lender and shall include a standard mortgage clause.
<br /> Lender shail have the right to hold t�:e policies and renewals. If Lender requires.Borrower shall pr�mptly give to�ender
<br /> aU receipts of paid premiums and renewal notices.In the event of loss, Borrower Sha1D gi�e prompi not�ce to the insurance �'�
<br /> carrier and Lender.Lender may make prcxsf of loss if not made promptl�•by Dorrower.
<br /> Unless Lender and 8orrower otherwise agree in writing,insurance procreds.hall be applied to restoration or repair �
<br /> � of the Property damaged, if the restoration or repair is econ��micaUy feasible and Lender'c security it not lcssened. If the
<br /> restaration or repair is not economically feasible or Lender'��ecurity would be les�ened,the insurance proceeds sha11 be
<br /> applied ta the sums secured by this S�curity Instrument. ahether or nat then due,with any excess paid to Barrower. If
<br /> Borrower abandons the Property.or does not ansu•er within 30 da)•s a notice from Lender that the insurance carrier has
<br /> offered to settle a c6aicn,then Lender may coltect the insurance prcxeeds.Lender may use the proceeds to repair or restore
<br /> the Propeny or to pay sums secured by this Security lnstrument, ahether or not then due. The?0-day period will begin
<br /> when the notice is given.
<br /> • L'ntess Ler.der and Borroa er otherwise agree in w•riting,any application��f pns�reds t��pnncipal shall not extend or
<br /> post�ne the dae dstr�sf the monthiy paymencs reiesred ta in par�gr:�phs I nnd 2 ur chan_c ihe amnant nf the paymentc If
<br /> under paragraph 19 thr Ptoperty is acquired bk�Lender, Barrower's rfght t.�any imurance poiic.rs and proceeds resultinR
<br /> �— ironi da�tiage to the Fruperiy Prior to the acq�sisition shall�+a�s to Lender to t he extent��1'the�ums�ecured�+y this Securit}•
<br /> lnstrument immediately prior to the acyuisiti��a.
<br /> 6. Preservation and ltaintenance of P�operty;I.easeholds. Iiorroa•cr tihaU nc��deltrrn�.damagc�•r�uh,tantially
<br /> ehange the Propett}'. allow the Proyerty to d�tNnorate or commit waste if this Security ln�trcment �� �n a leasehold. .= -
<br /> - Borrower shaU comply a•ith the pmvis�ons of t'r_e iea�,and if IIormwer acouucs fec utie to the Pm�+erty,the lea.ehold and •
<br /> _ __ fee t'ttle shall not mereP�inl�cc ZQtider 3gre�rn:h_.�:��es!n u•*�i;.^.^,
<br /> 7. Protection of i..ender's RiRhts in the Property; t�ortRage insurance. 1f fiormuer failti tc� r�rf�rm t{�c
<br /> covenants and agreernents rnntained in th�s Se�u*sty Instrument.��r there i�s Icgal�ri�reedin�that ma} �ign�ficantly afti•ct
<br /> Lender's rights in the Pro�+ert}• {such ac a pr���eding �n bankruptc}•, pr��bate. (�r rondcmnat:nr. c�r t<�enforce I�+w� i�r
<br /> regulations),then Lcnder may do and p�+y for w�ate�cr iti nrccssar� toprotrct thr�alur��f lhe Ptopert} and Lender'�nghts Nti
<br /> in the Properi}�. Lender'�artiims mag�inchide �ay�ng any wms tiecurc•d hy v lien ahirh ha� �n��nt} ���rr th�� Secur�t} �
<br /> � Instrument,appeanng in cnurt,pa�in�reasona�+leattnrncyti' fee.c�ndentrnnE�tn tt�r Yrn�crty t��rnal.c rr�atr� :111hc�ugh �
<br /> Lender may dakr aciic�ti undcr this par:�grs�h 7. I.rnctcr di�r,�c�t ha�c tn dc�cc� �
<br /> An}•amount�dis�unc�d h} l.en�ier under thi� paragraph'�h.+ll he:�m�r.+.�dit�i�n.il drht ��t N��r�re•�µrr��,i,re�h� sh�� �
<br /> ` Secur�tyin�trumeut l'nlr��Hc�rn�ucrans3le�uiera�reet�•rthrrtcrnn,�f�.i}m�•nt. thr,t .�n�r.unt.,hallhe.�ru�trre�tfr��m y�
<br /> Ihe date of d�sburtirmrnl at the ti„te raFc an:J �h.�ll hc r�e�ahlc. ��ith i��trrr��. u����i� u�ti��� tn�rn l cn�irt t� li�,rr����cr �
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