|
� �
<br /> c
<br /> �
<br /> i
<br /> �Hj � �• �---------- '�'__'- r- '--... ��—,1039'77
<br /> � �....:�. �.:�:'.;.t."�"'a. P�nTuwF�w�w a.ciwc�wscuaii wias�g���a w�tc�wa:
<br /> 1. !'��luiilt ot P►iMCl�11i�li t�t�t;�raMy■re�t�i I.�te C1��r�. Borrow�r sh�ll promptly psy w�en due
<br /> the princip�l oPs�d i�terat on 1he debt evidenced by the Note�nd�ay prepayment tnd latei h�rges due under the Nate.
<br /> 1 fl��ter T�uc�r aNi t�t. Subjoct to sppiicabtc law or ta a written waivcr by 4ender.8cirrower shali pay
<br /> to Lender on the day monthly p�ynknts are due under the Nate.until the Note is paid in tull,a sum(•'Funds")equ�l to
<br /> one-t�dflh ol: i��Y«rly taxa u�d assessments which ma� Att�in ptiority aver this Security lnstcument; (b) yariv
<br /> Ipwel�old t�ynKt►q or �trour�d rents oe the Proceny, if u►v; (c) yeirly haurd insus�nce premiurt��; rn� (d) ;taslS
<br /> nwrtpse i�esut�oe premiums.itany.Tl�ae items are c�lkd"acrow items."Lender may atimate t�r Funds due on the
<br /> b�ot'cumat dua and teaoeabk atimatea of futurc acmw items.
<br /> The Fue�sl�aall be held in sn institution the deposit�or sccounts of which are insured ar twr�nteed by a fede�al at
<br /> shte a�a�cy(iecludins Lender ii Lender is such�n instltution). Lender shsll�pply the Funds[o p�y the escrow items.
<br /> L�nder nNy not clwr�e tor haldi�and �pplyins the Fund�,analyr.ina the account or verifyina the escrow�items.unkss
<br /> l�e�der p►ys Borrower interat on the Fu��nd applicabk IaM permits L.eoder to make such a chu6e. Bonower and
<br /> l�etber awy apee in writinj that interat �h�ll be paid on the Funds. Unless an�sreement is made or applicablc law
<br /> raq�ira int�r+at to bt p�id.Leoder shall not be required to p�y Sonower any ir�terat or earninas on the Funds. Lender
<br /> �halt pve to Borro�rer.wet�ut char�e,an annual�coountin�of the Funds showin�ctedit��nd debits to the Funds and the
<br /> purpo�for Mhich ach debit ta the Funds wa�madt.7'he Funds ue pkd�od as additioosl security for the sums secu�ed by
<br /> , � tluis Security Inttrument.
<br /> If tAe�mount d'the Funds 6�e��by l.ender,to�ther w�ith the ruture monthly p�yment�of Funds payable prior ta
<br /> ' the due d�ta of the acrow items�rJaatF eaaed the amount roquirod to p�y the acrow item�when due.the Eacess sh�ll be.
<br /> at eorrowet's oQtion,either ptomptiy rep�id to Hortorver nr c�edited to Bonower on m�nthly p�ymmts oi Funds. lP the
<br /> amount of the Funds htW by Let�der is not suAkimt to pay the escrow items when due.Borcower shsll p�y to Lender sny
<br /> amount ne�sry to maice up the de�rirncy in one or mare p�ynnents as�oquired by Lender.
<br /> Upae pyment in fliq ot�11 sums secured by this Sec�c�t�lnstrument, Lerider shall promptly refund to Bonower
<br /> �ny Fu�held by Lender.If under para�raph i9 the Propeny�s sold or acqnired by Lender,Lander sh�l1 apply.no later
<br /> thrn immediateiy prior tv the n!e M the Property or us acqui�it�on by Lee�der,any fiunCs held by Lender at the time of
<br /> •ppli�ation at�c»dit��simt ohe sums securod b�thii Security Instrument
<br /> �. A�liatioe o!�y�b. �nlas sppiicabte taw providea otAerwise. all pa�mmts received by Lender under
<br /> parwa�la I u�d 2 thall be�p:rlied:iru.to late clasr�a due under the Natr,secnnd,to prepsymrnt char�a due vnder the
<br /> Nate;third.to amounts payabk undet para=raph Z:fourth,ta interat due;and lut,to princlpal due. '
<br /> �. CLr�i.i�e. 8orrower sha11 py sIl ta�a.asuasment�.char�es, Qna snd impositians sttribuuble ta the ��
<br /> Property which ena�r atuin priority.over thi� S�xnnty Instrument, and leuehold paymtnts or �t+aund rmt�, if sny. ,
<br /> - - - Anet�fl�rwe akall na�thwu nl+tiatinwa in�h���ww�e wrnviel�A iw�w„�����a�w,���nr�f weu�ael;!►tl�wt w��ww��itn�ena.�,e�b_,�11 - -=
<br /> piy thea�va time d�rectiy to the pers�n owed p�ymmt. Borrow�er shafl promptiy fum�sh to Lender all ndica af amounts �-
<br /> to be p�id uader this prs�ph. lf 8ortower maka thex p�yments directly.Bor�o+ver sh�tl promptly fumish to �ender � -
<br /> re�.eiptsevidmcin�they�yment� � :
<br /> 8orrowrer�ball pcomptiy diuhsr�e any tien which has pnority over tris Sacuney lnstrument unless Honower:(a)
<br /> �rep ia aritin�to the pryrnent ot the obliption secured by the lien in a maaner acaptabk to Lender;(b)contats in�aod
<br /> taeb tbe liea l�r.or defe�s ap�intt entorcement of the lirn m.k�al proceedinp w�i�kh in the Lender's apinion operate to -
<br /> prevent the tefotcement of the lirn qt forfeiture of�ny past of the ProR+erty;or(c)serum from the holder of the lien an �t
<br /> Kr�eanent wtisfactory to t.ender sulfoM�natind the lirn to th�s Serunty Instrument.If Lender determcrtes thst any pan or '
<br /> tlle PropeRy it subjeCt to a Ixn which may stui� pnonty over th�s Secunty Instrument, Lender may�we 8arrawer a —
<br /> notiee idd►tifjrin�the lien.Botrower shall stasfy the I�en or take one or more of the uttons set fonh above within 10 days
<br /> af tAe=ivinj aFnoticr.
<br /> S. Has�t/1�Mra�ee. Borrower shall ketp the improvemcnts now esist�na ar hertafte�eoected o�the Froperty
<br /> insur+ed apinst la�t by�re,husrds mcludod w�thin�he term"extendod eoti•era�e"and any other h�urds far whuh Lendcr
<br /> roqwra inwru�ce. Thh insurance �hall be mama�ncd m the amounts and for ehe periods that l.ender reqwres. The
<br /> intc�ranee cattier provtdin�the�nsurance shall bt chostn by Borrowrer suHject to l.ender's approv�l wAich sA�l1 not be �,,
<br /> unrayonsMy withheld. '�
<br /> Afl ituturat�a polkics tnd tenewals shall be uceptable to Lender and shall�rt^lude a stand�rd mangaEe claux.
<br /> l,end�r slWl have the ti�At to hold the poticies and rrnewals. If Lender requ�res, �orrov►sr�hall pramptly a�ve to l.e��dcr
<br /> �1i receipts of paid premiurttx�nd renewal not�ces. In the event d loss.Horrower shal{g�ve prompt not�ce to the insunnct
<br /> curier�nd Lender.l.ender may make pro6f'af loss�f not msde promptly by 6orrower.
<br />, Unkss l.ender snd Borrow�er aherR�se aase�e m wmttrtE,trtsurance ptoceeQs shtli be�pplteQ to restotatran ar repa�r
<br /> of the Property d�ma��d,if the ratoratinn or repa�r�s ecanom�cally fcas�ble and I.ende�'s secunty�s not tessened !f the
<br /> ratontan or rep��r is rtat economically feuiDte or Lender's secunRy wouid be lessened,the msurance pracecds shsll be
<br /> �pptiod��the sums s��r�d by thi�Saunt�+ tn�.e�x,ment,whti�ef Ot not t�iCn d�te,w�ttt �ny tacts��d tu Eiutruv►tr. if
<br /> botTOwer ab�ndons tht�'ropeny,or does not insw�er with�n 3tl d�ys s nfltv:e from Lender th�t the insur�nce c�rrier has
<br /> oll'ered to settk a cls�m,t3xn l.ender m�y caflect ehe�nsurance prc�rerds. l.ertder may use the prc►ceeds to rep�v or restore
<br /> the Ptope»y or to Qsy sums sec�erec!�y this Sccunty Instrumtnt.wfiethcr or not tt�m due 7he 3U-day pcnod +v�ll beg�n
<br /> when the notice is�iven.
<br /> Uniess Lender and Borrower otherv��seagree m wnt�ng,any appl�ranon of�+rixeeda�r>pnnc�pa!shalt not estend or
<br /> po�stpone the dut date of the monthly pa�rntnts refrrrcd to in parag�aphs 1 and 2 c�r char►€e�he amount c+f the payments If
<br /> undet psrs�nRh 14 thr.Qraj+eny u acquued by Lender. Ck�rtowcr's nght ta an� msutanec pol�c�es and proceeds resulhn
<br /> fra�m dama6e to�he F'roperty pnor to thr Acquisitcon tihall pas�to(.er�der to the r�te�i��f the�ums�ecur�d hy thu Secunty� %-----°°
<br /> Instrument�mmrd��tely preor to the acquis�t��n �
<br /> 6. P►tse�r�tioe�ed!�fainteutnce ot Pro�erty;I.tasehalds. f�orrowec shall nnt decamy,dama�,e nr substanually j
<br /> cAanae the Rr��xrty, allaw the f'rnpettv ta dtterit,ratr or commit v�aste Df thic 5ecunt� tnstrument �s on a lea�ehold, �- �
<br /> Barror�er shall compiy w�th the�roti�4ions uf thrlrau.and�f E3urr�a er acy��res fee utle tc�the{'roperty. the leasehc�ld anQ �i ^'
<br /> fte Uik s,h�ll not tnerge unless Leader Agree�t��the merRer ett►+n��ng �, � .�
<br /> 'f. Pwtetfias of i.eadtr's [tigl�ts in the Yrope»?; 1lortg,�tgc lnxur�cnrr. i[ R�rroc�er faiis [� perform che �- ;
<br /> cavrnants snd agreem�nts containc�in this tiecunty Intitrurr�ent.��r therc iti a legat �r�xee:fmb that ma� s�gnitir:►nt{y affcct .' e-i a �.
<br /> � l,tnder's nghts �n the f�roperty (SUCh a5 a procre��ng in t��nl.ru��t�y. ,t��hate. fnt ccmc9ema�al�am t�r te�tnfosie �aw� ��r ��� �- -� �
<br /> regutati�a;),then!_er�cfer may da and pay f.�r wh�ee�er 3�ne�e��ary t�+psutr�:the.a{ue��f the 1'n�pert�ancl!ender 5 nghrc �
<br />,. in ¢he Ptt�ptrt� IJd►dets actwns nta� m;fu�ie����ing c�ny 5um5 �r,ured hy � liesi uh��t� h�� �•r���r�t. :��er ths,4e.:urity
<br /> dnstr�::;�:.s�,;��r.r.�.�o:crc;. .;:�;:r.�,re..s :;sA!;m;;c�:� .'':;a:;:cr,t:r�ci°,:ss .'�. ����n�c -r r, ;f.:�.:.._h ��
<br /> .. . .. ,:. � �,.-.;�cr��, r. p.:� ,.� �...i
<br /> I.tnder may cai,e acuu»undet�his���wgr.i��h ".1<°�:.ter�l;�c�.nt�� h�•c t��J�,+
<br /> �rtiy an�nuntti.iiahurtir.i hw 1 ctc�er uri.ttz Iti�ti�+:�t.�gr.�rt� 'Sh.i?!hr..�r,��.�_1.:�:i��i...� �1ch. � �1. •r, a�•r�c�.�,red �� :hi�
<br /> SCaUtllb �t1tSfUtf::lit � Il�('��f�n(ft�ttPf Alie{�Ylll�Cl �SQlCC(U�+(tiCf �Ff1-•n.•�('.f'.>t•CI . 1f�!'�.^ 1(i'� .,."+ .fidi '�('.tt it�tCf('ti' �.'r�R:
<br /> thc d�te c�f diaE�ur�^t+ient at tiir '�,,t�,- �.titc• ::id �t,.�ll ��:• � .��.,ri: .i .�F .• �.•+r.• . , . • �. . �� ... � •. .1r� • !i. . �•,+cr
<br /> rr.�,u•rwl:n�;(•,s�nyrnl
<br /> 1
<br /> y._J
<br /> — -- - ^
<br /> -----�,.. � - -- — -- - —
<br /> �r�,a.:x, � . , � .. ,.....aFv,c;�rFtr..�i�
<br /> - . ' . .. ." � .. . .....4::�":._�.•�x .
<br /> . . ��- ( � _.. - . I- �_. ..:..� '�� -'� . .a 1.., ��r�� _.�r���.. — — ��... .
<br /> 3" �.
<br /> f f . . , C'� LL ' .1�, J . . ».!k-'tJ���°T � • 'ESq,�L .x�.�. ��..
<br /> - ' - - t'� ., . - � � � - . k.�. . �Y i c. �� �`T"�P.'�TC.:..
<br /> ,.,ir
<br />
|