|
.� ._ - . � ' . � ., � ` . _ . . �
<br /> , �
<br /> � . � .. . � � . , '
<br /> �.V3O�U
<br /> 1 ' � . ' �vrliPORM Goavp���r�. ean+oNer aod Le�dercavmu►e aAe s�cee u rauo�rs:
<br /> � . � l.. P�t o�F�'�efrl r/L1et�Pnqy�at aoi Late C1r�n. Borrnw�a sltail promptlY WY whrn dat
<br /> ' � � t�epcit�cip�t of and interat on t6edebt tviQmoed tsy ttte Note and any pn�paymmt and late ciLVges due under ch�Note. . .
<br /> . L Fi�ibr'Fata aM Leea�ce. Subject to app�icable la�r orto a written waiver 6y Lender.BorrovYer shaU p�y �
<br /> � w LRader an the day masthly qymenis sre due undsr the NotG unti!the Noto is paid in�'ull,a sum(°Fuads")eqt�sl tu
<br /> uae-t�vetlth of: (s)7�rt9 taxes asd au�s�ts w�icb msy atiain priority aves this Sa.writy Iasttumrnt; tb) yearly.
<br /> i�otd psy�neats t�r�utd tent3 on Eht i'topetty,if anl,t�?Y�iY t�ausd instiram�premiums; and td} Y��Y . :: � . � �
<br /> . m�oripfe in�+ranoe p�miuma,Jsny.These itans ue caile�"escro�v items."Lertd;r may estimate the Fuads due o»tAe
<br /> . t�isafcurteatdataaadrea�oaabke�Uinntesoffutureescrowitems �
<br /> : � T!n Fun�s sit�If be Ue1d in��siitutioa the deposits or accounts of whicb ue iruured or guaranteed by a fe�deral or �
<br /> '. � ttite iieecy fincludias Lender J LeAder is aucb�a institutian).Leader shall apply ihe Funds to pay th+e escra�itaAS.
<br /> � I�eader�may not cliuse for bddins and app�y�s the Famds,ansiprina the accaunt or vaifying the tscrow itams.untess
<br /> Lmdet pays Borrotver iater+est on t�e Fund:and applip�6lc taM permiits t.rnder to makr such a cl�e.Bonowec and
<br /> � I�etidet tesy s�ree in w�titin�tbat interest,sl�all be paid on tfie Fuac�c. Unkss an aaraetnant is made or�ppticabEe law ,
<br /> reqpirrs iaterat W be pdd,I.ert�der shalt eot be requited W g�iy Bormwer aay interat or earnings on ihe Fnnds.l.ender
<br /> tt�alt p�+re to Borra+rer.+ritha�t cl�r�aa aanuat a�craondng of the Fwads skowing criedits a�d dd�ics to th+e Funds and the � -
<br /> purpote for Mrh�ch eacH debit to tbe Funds�ru made.The Funds artptodaed as a6ditional serurity for the sums secured by
<br /> t6isSxurityrtrutrumtnt . � ,
<br /> If the amount ot the Fw�da lidd by Lender,toaether wiih tbe fuhue montbiy payments of Funds payabte prior to , �
<br /> the due d�ta of the ae�oM itema.shall eacted the uaawit requirad to piy fhe sscraw isems when due,the exxss shall be. . `
<br /> ` at Ho�ru+rer's option,eitdes pro�ptiy rep�id to B�rpwrer or credited to Borro�rsr on montl�Iy payments of Funds.If the
<br /> amount of the fiunds hdd by I�ender is aot sutHrie�tt to qy the escm�r items wl�rn due,Barrower shaF�ps�y to�.ender any
<br /> an�ount nec�sary to make up thedef�ency in ont or rtiore p�ymsnts u roquired by I.ender. . �
<br /> Ifpon>payment in full of all sums aecured by this Sec�it�c Instmmrnt.Lender shal!promptly rtfund to Barrower �
<br /> �ny Funds�1 by�der.if under pusgraph 14 the PtopeRy is sold ar acquired by Lender.I.ender shaU appIy,rso later -
<br /> `�e6se immadritc3y prior to the aate�of the Propert�ur i�s acc{uisluon by�.cader.any Funds hdd 6y L.ender at ihe time of ' '
<br /> � �pplication ss a credit a�'inat the aums secutod by¢hi�Security lastrument. �
<br /> 3. ANli�sttoa ot Pa�b. Untess appliqbte ls�►ptnvides btheiwise,aU paSrments re,ccived by Lender under
<br /> p�uragrnphs t and 2 shall be applied:f�t�to tate charges due under the Note:second.to prepayment chatges dae under the
<br /> • Nate;third,to amutmts p�yable unde�z��ragapb 2;fourth,to interest due;aasi tsst,ta prirn�ipai due. ,
<br /> ', '' 1. �i�. Borrower shsll ps?.a3!taae�,asscs�ments:chacg�;fines usd impositiu-ri�:atttiAutabte to the
<br /> Propeny Mhich m�y �thin priority over this �urity instrument, and C,�s�c�d payments or gtound rents. if anp. .;'':
<br /> Borroker ahslt psy these obfigations in the manner provided in paragraph 2;cr.;f i-yat�id in�hat manner. 8arr�wc�shall
<br /> p�y lhels��rz��me dirc�tty tn thr person awed payment.Borrower ahtli prampt�y furnish to Lender ail noticts af;r,rrrounts `
<br /> to 6e ptid�rer thi�paroaraph.It H�csawer malces tbcse payment�dirtctty,Horrpwer shall promptly furnish t�:�.�ender
<br /> receipts evidencing the yxgments. ;
<br /> Borrower shall pwmptly dischatge any fitn which has priority avet this Security tnsarumsnt�mtesc Bc�rrower:ia) �
<br /> , :�t:�:vdss:rritsr�t:,.��y:�zcni vf the c�oiig�tton secured by the Ben in a manner ncccptable ta i,ender;(b)cantesss in goad "
<br /> faith the I.ien by.or defends against c�t'urcement of the lien in.tegal proceedings which in the[.ender's apinion opeTate to
<br /> , prevrnt the enfdreement oi the lien v��t'nrfeiture of any p�rt atf the Property;or(c)�ecores fram tha haldrr of the lien an
<br /> ,agrament satisfactory ta Lender subordins�ting the tien to this Security Instrument.If'Lender determines thai any pan of �
<br /> �te Ptoperty ia subject to a lien which may sttain priority over thi�Security Instrumrnt. Lcnder may give�►rrower a ��
<br /> �r�tia idendtying the lien.BurraMer shall satisfy the tien or taice ont or mote ai'Ihe acttans srt Pnnh above within 1�daya - -
<br /> oftAegivingafnotice. �
<br /> � .s�
<br /> S. �f�rarA I�rt�et. Bom:�:rr sha11 Iceep the imprcreraents rtow eaisting ot hereafter erected dn�he fc'?-�perty
<br /> insuted again�t loss by fire,hazards i n�cC�ded within the term•'eatended caverage"and any other hazarcls for which Lender � .
<br /> requirts itrsuranct. This iasurance s'�a1)be maintaiatd in the amounts gr�.fot the pencxlti that l.ender requirec. The
<br /> � insurance carrier providing the ins4ca�ce shall be 4hosen by Aorraaer suM,ra:t ta t.ender's approvnl wbich shalt not be � �
<br /> unrwsonably witbheld. '
<br /> Alt i�surance policies nnd r�st�ala shall be arcrptable to i.ender and shaU in.t�:d�a a standatd m�rtgage clsuse. ' '
<br /> l.ender shall have tde ri�z tr�hotd t�c�olicies and renewais. !f l.ender require�,ti��r�aber tihaU pror..�nUy give to t.ender
<br /> r�d reCeipss of paid premi�zs aad renewal natices.ln ehe event uf tosy,j3orrow•�r shal)grve pr�mpt n�ticc t�the insurance ,�
<br /> �rier end Lender.l.ertder may make proof of lass if not made ptomptty hy H��rn�wer. .
<br /> Unless Lender and Borrawer etherwige agree in writing,insurunce puwecd�sha11 tse apphcd to retitoration c�r rep�.ir � '
<br /> of tho Prap�rt�y damaged,ii the ast:-ation ur repair is cconomically Peas�ble and I.ender'�secur�ty is n��t leasene� If'the
<br /> restoraticxe�*�repsir is not econamicalty fwsible ar l�nder's secunty wuuld be lessened.Ifte inyuranct pr�xteQo�3�a1)he •
<br /> agptied to�tir sums secucsi by t.his Security Instrumem.whether ar nat then due. wi�h any eacesv�aid tc►Borrower. If
<br /> Bnrrower absndons the��roperty.c+r cioes not an�wer w�ihio z��da,ys a n�hce from t,ender�hst Ihe insurance camer ha� �
<br /> olfered tu sett9e a clpim,_tfien Let�der may.c.ollect.lhc in4vrance proceed�._l.ender may.utie the�+rcx;eed!:tc+repair.c�r.resture- � �- -�� - -�----�
<br /> � �� the Praperiy or tn pay sumy se�;ureci&� this Security lnsirument,whethcr nr a�t then duz "t he 3(T�day perind w,i3 heg�n
<br /> when the notice is givm.
<br />. Unless Lender and Barrnwer otherw�u agrce in writing.any�ppluat�c_n of prckeeJ.ta principw�s?�a11 nvt extercd Eir
<br /> pastpnne the due date of the manthly payments referred ta in paragraphs 1 and 2 ur rhange the am��ur t���.`thc paymen�� !f
<br /> under paragraph 19 the Proper�jr is ac4virtd by L.ettder.Rorrower's right to any insurance p�du�e�en�pur�ced�retiulhn� �
<br /> i'ram damage to the Property prtor to t�e aequisiti�n shall pa�s ra Lendst tn the extenE of the sum�yccured hy�h„Secunty
<br /> Instrument immediateiy prior to the acywsition.
<br /> 6. Pre�ewallon�d'�tatnheance ot Property;Lt�ehold�. E3acroY er shal)nut de�t ruy,den�a�te��r ruhr�anhally
<br /> ehange the Property,a�law the Prupetty to cletenorete or eammit w�tite. lf th�s Serunty Inctru►rie^t �c nn a leasehotd,
<br /> Borrower shall camply with the�tovisions�f the tease,nnd if&�rtawer arquires fce tisle to�he Pn►pett}•,the(eatiehnld and '""`�""
<br /> fee title sha1)not merge unless Lender agrees to the merger in writing. '
<br /> 7. ptotectfoA ot Lteder's Iti�ta �n thr Proyetty; �lonRagr Insuraece. lf �orruuer fad.� u� perfnrm �he
<br /> eavenants anQ agreementsrantained in this 5eeunty lnstruatent,ot there ist+leg�t prc,�eeYltng that may s�gn�ficanll}afFect .
<br /> - . ' Lrncfer's rigirts in tire r''ro�eny(su�h as a �roc�it�g in bankruptcy. �+roba(e,firr c��ndemnatinn or t�,enfnrce Ia�rs��r
<br /> regulations),then I.ender may 8o and pay fnr whatever is�cc�ary tU prc�tect the value of the.pa�per�y:�n�i I.ender'�nghc� ; '
<br /> in the Properly. Lertdes's ectivas may include paying a�y sums secured hv s� hen wh�ch ha�pnrnty ���cr thi5 Srrun!y �
<br /> � Instrument.apptaring iacourt.pnyinqreawnableaiturneys fees�ndentenng��n the PrsY�+erty a�n,ake rcpa�rs Atthuogh �
<br /> Lender may lake action under this paragraph 7.L.ender dnes nnt h��e tc�dn so.
<br /> � Any amauntcdisbutsev by Lender u�der tAis paragtaph 7shnll becnt�te addittc�nel clebt oi'HE�rrower�ecure�i hy th�� `t
<br /> �
<br /> Secunty Insttumcnt.lJnless Bntrower end Lender t�gree to cfther term���f payment,these am��unts�halt bcar intcrt�t farrn �p�
<br /> the d�te of di.�bursement a1 the Notc tate and sha)1 he p3y�hle. �lllt 1itlCtEtil, UF►VJI iTVhCC frnm t.cndrr t� tsnrrauer �
<br /> _ i�I]Ut511it�p3yfitCilf. - • --' a-
<br /> ' , �
<br /> � �
<br /> .- -'-- . .,,:: � � x ..:��ti-�c•�=�.._s =ris�:+i:_.=•vA:_,1 L s-_�-`sk- '.. .�_' . . . - -- -- ---_ -
<br /> - .� .-�
<br /> t .,t-��. +�ar? .T ::^ ,.y . %are,'a. ..a�,.'Y!!' � ti i �'� �.fi,7� 1#�s,3�4 �.' _.�._. _"'
<br /> ` • ' _ . . . f , Y y �+ , .1. ,� _i�� . �e..�as���,'�� .r"1.,...
<br /> .� . .- . .. : , � . ..
<br /> .
<br /> i . - .i'. ' . � 1 .� _ � - �.:la-!.. �k.�
<br /> . ,.. .�� .
<br /> ' . '1 �-
<br /> . :.. .
<br /> __ . . __-. _"-__ . . . __�-_ �""_ ' ..... -.�_'-_ -.-_.'
<br /> [ � "
<br /> - . _"- — . _ __-- - _" -_ _ __- _
<br /> "" ___ _ _._. .. .__ __••_ _-' "_ - ' . "� _ _ __ _ ___ __ '. _ __ __ _ _ — __ _ _
<br /> � _ '•
<br /> . . p . . . �. ; ' i. r • n � � �
<br /> - �� � , i . . '. _ _ . . _ .
<br /> . _ _ _ . ,' .. -�� .
<br /> .,
<br /> '..�� � _. . . " _ ' ' . ..' � ' ' � "" _ .. � . . . . ' . • _
<br /> r- •
<br /> r
<br /> .,_ .
<br /> :�_ �. :�. . - . . . .��: 1 .. • 1 ,.: .. .� " ., �. ' • . _nffn.' � �".. ... . . '�i' - .� . . . t • ., .
<br /> . . ^"s.y�°�^�f"`�"�'__`°' 1.
<br />
|