|
1 ;` . t� .:r„ ': . r 1. � . t
<br /> + �'sf.�.r:ini'1 i - �.i � ..I' — :.i :-���:vPVt��_ �ii� -��` i_r2�'i q,Ad''�,.r�'` . _ ..._... _ ,,s.' :Y�! yl �.��:;.
<br /> ?�,.5 ;:i�:- _ .t" i i! :f r , ,�f` �' .t�:�:"- i ?:�d - — ;� �� �i., ° .t'. .y•,
<br /> :+�
<br /> ,:'�. l- � �•ti n i.? „ 1 i t+ u 3 t r t .t•
<br /> .—.
<br /> iMC'tCr7i! �u.�1,i�.. P,'��., �- i � 1 > � �:; � 1 s.SI':fYr�:�:�._ ��.3�i �S�N�c�t`.t� y4� ti ��;v - .._ •'lf 1 q _ •�.,i:..5.: _ . -�4��ht�P��. � -
<br /> -.wa+.uiJL'tii�J;:S{v1..t�iu�.k •.f :��- �-���' i7?iLr",���` {�4�f.+�-tl�.. J+ LhF {,f ::1: -If +i'? '6 -r f'�� _ _ _ ��� ' - �t�1 Y� it (i�
<br /> _r^_ .«��i�3L�l'.�,�[y37�tY��.�{�{as�:���:�.}b r' �'�ji�t(�j��i��iYii:�,I�'�FN� �t�4��iti)L�.���Y� -_ {SC�� __ ��^ � �!t�µ ��lF i�'1t1cl�M+....:.a���.:r."�W ��.i�=��i'tdtS�J�rtx
<br /> z:��zh'.. .,f•�' •5 i.� i'�'�A uf: 1 a�,r�^��"'�'iy:'�, tY oi�- .�T�__!�"{F,.�'.' Cr��� ,Fd�+u .
<br /> r:, r n���.,!��,;�Gr�;`�k1S_»��k �l o l��(c� _y � — —.:,:_�--L"�i:-x.� _ �.��__ — ___
<br /> _.=.,.m�.�,�. . ...Q ...,u�...F.
<br /> � — -- ._„ . �_ -
<br /> ,� T -- - '*�i2�.e°.;,"�....:< ''N
<br />:%
<br /> � �
<br /> 1
<br /> r
<br /> l
<br /> � .,. �.0 3'7 9 8
<br /> . ` 90�"
<br /> UNIFpltM COVENAM'S. Borrawe�u�d LMducpvenant and�jrce�s Pallows:
<br /> � �• PU'�t ot P'�i�cj1�1 a�i I�t�rN�I'nM»swt w!4te Clnrp�. Bnr�t►wtt sha!!�+rnmptt=pay when due
<br /> thc princip�t M'�tnd interest on ths debt evidenced by the Noto artd any prepaymen�and I�te char�ca duc under the Note.
<br /> 2• F�1�or7'aicN�wAi�ee. Subjcct tatppllii�ICIa1L'Of ZPA Kfl�tttl WAIYlr I1)'�.tiltlC[,Eiar�ciwer�hali pay
<br /> to I.ender on the day ma>nthly p�yments arc due under the Note,until the Note is psid in full,�sum("Funds")equal90
<br /> °M'�*'d�b d: t��Y�r�Y uuRes and a�sessment� which may attain priarity over this Securily lns�rurnent; (b) yurly
<br /> 1a�eho�d p�yenent� or �round rents on the Property, if�ny; (c) yarly hizard insurance premiums; and (d) yearly
<br /> mcKt�e iesuance premiums,if any.These items are alle�'•escrc�w items."Lender may at�mate�he Funds due on Ihe
<br /> �ol'currmc c�ta and rp�on�bk atimata of luture acro�items.
<br /> The Fuuth sh�1i be hcld ia an institution the deposits or ucaunta ot which are�nsu�ed or�uawnteed by a federnl ar
<br /> st�te a=eney (ineludle=t.ender if Ltnder is wch an institution). Lender shall apply the Funds ta pay the escraw items.
<br /> Lendet truy aot chat�e f.x tiaklinj a�d spplyinj the Funds,analyting the account or�rerifyinj the escrow items,unless
<br /> L�nder p�ys 8orroMer ietaat on the Fund�and applicabk law permits l.ender to make such a char�e. Borrawer�nd
<br /> 1.en�kr trwy ssra in aritin� Ihat interest sA�ll be p�id on the Funds. Unless an aareement i:made or �pplicable law
<br /> ireqaita interat to tie paid,L.ender shal!no1 be requirsd to psy 8c�rrawer�ny interest or arnin�s un the Funds. l.ender
<br /> si�11 iive to Borro�►er.�rithout chsr�e.an annual aa;ountin�of the Funds showina credit�and debita t�the Funds and the
<br /> pur�ae for�rhich ach debit to the Fund�w��made.The Funds are pledRod u addiuon�l securi�y fur�he sums secured by
<br /> thh Security Instrument.
<br /> � if the amount of the Funds Aeld by Lendet,tojether with the future monthly p�yment3 af�unds�.+ayable priar to
<br /> tl�e due data oithe acr+ow�ltemt.shall ea�eed the unaunt roquired to pay the escraw items when due,�he excess sh�ll be,
<br /> at Burr�o�ver•s optlon,dther ptomplly repaid to Borrower or credited to 8onawe�on monthly p�yments of Funds. lf the
<br /> anxwnt of the FurWs held by Lender is not tulFcient to pny the acrow itcros when due,Honower shsll psy to L.ender any
<br /> amount necasary to make up the deAciency in ane or mnrc p�yments as reqwrt�t by Lender.
<br /> 11pon p�yn�t in ful)of�Il�ums�ecured by thia Security instrument.Lrnder sh�ll pramptly refund to 8orrawer
<br /> any�undt held by Lender.IPunder para�raph 19 the Property is sold or acqu��ed by l,ender.Lender shall apply,nq late►
<br /> �°�m��k�Y P�����s+1e of'the Property nr�ts�cquis�tion by Ltnder,any Funds held by Lender�� the►ime af
<br /> application as a credit�pin�t the sums secured by this Secu nty l�strument
<br /> 3• AM���P�y�q. Unlas applicable law provides otherwise, all payments received by i,ender under
<br /> O��Ph���d 2 shal�be�pplied:Arst.to utc ehuges due under the Note;second,�o prepayment chsr�es due under the
<br /> Notr,third,to atnounts payabk utder p�raar�ph 2;Pourth. to interat due;and last.ta pnneipa!due. �
<br /> ' 4• �M� 1�. 9orrower�hall pay all taxp, assessmrnts,char�a.fina and �mpositianY attribut�ble to the
<br /> - - Ow.�..�.w. .«L:�L
<br /> _._: ,..,�..� ...,,". ;�j; ;,iisin prioriiy wer tri= secun�y Instrumrnf. �nd ]eaxhold �+ayments or �r�und rersts, �f ony. --
<br /> 8amrver tludl p�y tApe obU�ations in the�ninner providad in pan�nph 2,or if not paid�n that m�nner.Barrow�rr shall �
<br /> P�Y�����me d�rectly to the peran owed p�yment. Bosrower fhall promptly furn�sh to Lender all not�ca of amounts
<br /> ta be pRid ut�der this para�raph.lf Borrower maka these��yments dirtctly, Barrower shall promptly ti�rnuh to Lender
<br /> reotipts evideacin�t�he p�ymenu.
<br /> 8orrowrer shall promptly dixhar�e�ny lien which ha�pnonty ove��h»Secun[y Instrument unless 8orrawer(s) `--
<br /> ajtea in writin�to the piyment of the obliption socured by the I�en�n a manner acceptabk ta Lender;{b)contat}m�cx�d �
<br /> faith the lien by,or defends taainst eeforcement of thc lim in, le�al prexced�nQs�vhich�n[he Lender's opin�an oprnte ta
<br /> ptevent the entorceenent of the lirn or furfe�ture of any p�r�ot the Propeny;or(c)secures from the holder of the I�en an '�
<br /> �re�tneat satisfs¢tory to Lrnder subordmatins the lien to this 5ecunty Instrument.If Lender deterrnines that,�ny pan af � �
<br /> the Property is subject to a lien which may attain prionty over this Secunty lnstrument, Lendrr may 6�ve Botrowcr a
<br /> eotice iddttifyins the lien. Borrower ahal!sstisPy the lieo or ttke one or mare c�f the actions sN farlh�bore with�n 10 dsys
<br /> � of the pvin j of notice.
<br /> s• Hsaard I�wrn�ce. 8orrov►et shall l:eep the improvements naw ea�st�na a�hereaftrr erected a�the Propeny
<br /> itttured aaainst lots by Arc,hazards included within the term"eaten�od covera�e"and any other har.ards for whuh l:ender
<br /> �equira insurance. This insunnce shall be ma�nt�med in the amounts and fnr the periods that Lender requires The
<br /> insursnce c�n�ier providin�the insurance shall Ix choseo by gorro�er sublect to Lendr�'s approval wh�ch shall nat be
<br /> unrtasonably withhetd.
<br /> All intunnee polieies and renns�sls shall be aceeptsbk to Lender and�hall tn¢lude a stanciard mortayae clAUSe �
<br /> t.ender shall have the ri�i►t to hold the palicies an�renew�ts.lf Lender requ�res. Borrnwer shall pramptly grve to Lender �
<br /> a1�receipts Mpaid premtums�nd renewal not�ces. 1rt tht evene of loss.Borrower shall g�ve prompt not�ct ta the insuranr.t
<br /> curier and Lender.Lender m�y make proof of loss if rtot made prumpt ly bv Borrawer.
<br /> Unlas Lender�nd 8orrdwer otherw�se agree in wnt�nE,�nsurancc proceeds shall be appl�ed to ra�ora�ion or repa�r
<br /> oP the Property damaged.if the restorauan ar rtpair ic economirally feasibk snd Ixn�sr'c srrunty is not te;senc� 1f thc
<br /> r+e�sotf►tit�ar iepsir i��s t;or.arr�scal{y f�.sibfe o� i,cnder's securny woutd t�e ies�eacd,the�nsuranr.r prucee+is sh�ll be
<br /> spplied to the sums securcd by this Secunty lnsccumcnt,whether or not then dt�e. w�th any excess paid �n Bcirrower !f
<br /> Eorrower�bAndons the Property,or dots not ar.swet w•�th�n 30 days�not�cc from Lender that the msurance�:arner he�
<br /> olFered to settle a claim.then Lender rraay collect the�nsurena pr�xads L,ender may use the praceeds to repair ur restore
<br /> !he Property or to pay sums secured by this Secunty In4trurnent, whcther ar na� then due The.+0-day penod will beg9n
<br /> when the noticx is given.
<br />, Unless Lender end Horrower otherwise agree ire wnUng,any ap�hcahon of proceed�tn pnnc�pal shatl not eRtend or
<br /> postpone thedur date ofthe monthly payments referreci toin paragraphs 1 and 2�r rhange the amount of the pa�ment� ff
<br /> under paragraph 19 the Property is acqwred by Lender. Borrower's nght t�any incurance pc�hc�es and prcx:ecdti rtsult�nR
<br /> from damage[o the Property pnor to tr�acquisition shall pass to i,ender to�he ex�cnt of�hc Sumti serared hy �hic Secun�� •
<br /> fnssrument immedi�tely prior to the ucquisit�on.
<br /> b. P�eser�atio�and 111ainten�nce o!Propert�;[,easeholds. Barrower shall nat destroy,damagc��r tiuhytantially
<br /> changt the Property, allaw tht Propeny to deteriorate or commat waste !f th�s 5ccurny tnstrument is c,n a fea�ehi►Id.
<br /> &frrower shall comply with the provisions of the lease.and if Borrower acquires fee t�t�e!o the Yropersy,thc ica�ch��ld and
<br /> fee title shall nat merge unless I,ender agre�c to the merger m wnang �
<br /> 7. Protettion of Leeder's Rights in the Property: :ltortq�ge Insunnce. li Borrauer faik t�s perf��rm ►t�e p�
<br /> eavenants and agtetments contamed in this 5t;cunty Inctrument,or there i�a legal�Sacueeding that may ��gruficantly a(fe�i �
<br /> � l.endet's nghts in Ihe {'roperty (such as a proceed�ng �n bankruptcy, prc,b��e. fnr cundemnat�on <�r t�� enfc�r�c IAK� ��r
<br /> regulations},then Ltnder may doared pay for whatever is necessarq to protect the�atuc of�Ae Pr�.�r�}�r�ci t Ande►'ti r,ght�. �1
<br /> in the Property. l.ender's actionsmay �nclude paying any sums secured hy ;i lirn which ha+ prinr�t� ��+er th�. tic�uni► � �
<br /> Instrument,appKanng in caurt, pay�ng rensonable attorneys' fees�nd entcr�ng�m the Pn�perry t��mnk�•ren�in �ilth,,,,�;h ��2�^.
<br /> Lender may take action under th�s��arngraph 7.l.ender dc�es not l�a�e�o d��tic� ••�
<br /> Any amounts disbursed hy[.ender under this paragra�h 7 5hall hr.•��mc add�ri�tir�,i!dcht��t H.�rr,�wrr tir. ,,rc,t h� it��� •
<br /> Secunty instrumrnt Unless Rorrowerand l.rnder agree tonzhcr term�<d�r;ltifTlcl�[. fhe;c dtn.•ui�t�.h,3U ht���t +ntrir+l t���n�
<br /> �tre clate of dish�rscment ac the Nc�tr rtate :end thall he �+���;iblc. uit�� u,irrc�i uE*�m n��r.,r tr,,rn i ri,�t,•r � � f< ri. ys.•�
<br /> rtqueshn�Raymcnt
<br /> _. 1
<br />
|