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<br /> - L''�ii Znni L�'J�r`ivA�v l i Borrower end 4cn�er covensnt nnd ugree u.P��II��«'!•�
<br /> 1. P�yr.�tntof Prfncipal�nd Interat;Pstp�lyment�nd I.�t�Chargcs. Hnrra��rr shntl promptl�� pa�� ���hen du�
<br /> the principal of und intercst on the dcbt evidenctd by ihe N�te�md any prennyment and late chargzs due under the Note.
<br /> 2. Funds fotTaxes�nd In�urance, Subject to applicubir luw�or tn a a�r�ltrn wni�rr hy Lendcr,Norrow�cr shnl)pay
<br />� t��SS�;,i�st ilt:�fl}�t�;s4i2�}i�+ajiti�i�t�di2�Uc a����i2:th=�:vi2.iii'iiii i�tc itii�ic►i p�iit in fuii.a�u����••cu��it�')rNi��il ii�
<br /> � oae-twelllh aP: (�) yearly tat� and asses�sments w�hich may attai� pric�rit} m�er thiti SecueiE}� Instrumenl; (b> }�enrl��
<br /> feaxhoid payments or ground rent� an the Pr��►ert�, if any; (c) yearlp harArd insurance premiums; aud (d1 yrarly
<br /> , mort�a�e insuta�ce premiums.if any.'fhese items arc cAlled"cscrow items." I.ender mAy estimatc the Funds due on thc
<br /> basis ofcurrcnt data xnd reasa�table estimates af futurc escraw items.
<br /> � 1'he Funds shail be held in an institution the deposits ar acc�unls nf which i��e ir�sured or guaranteed by a federal or
<br /> ' state s�ency(including Lender if Lender is such an institution). Lender shall apply the Funds to pay thc��c�ow items.
<br /> Leniier may not ch�rge for holding a�nd applying the Funds,analyzing the Accaunt or veriPying the escrow items,unless
<br /> { Lender p�y�Borrower intcrest on the Funds�nd appllceble law permits Lender to make such a charge. Horrawer and
<br /> ; Lender may agree in writing that interest shall be paid on the Funds. Ualess un agreement es madr ar appli�able law
<br /> { requires interest to be paid,Lender shall not be requlred to pay Barrawer any interest ar earniags an thc Funds. �ender
<br /> shall give to Bo�'rawer.without charge.An annual accounting o!'the Funds shawing credits and debits to thc Funds and the
<br /> purpase for which each debit to the Funds was made.The Funds are pledged as additianal security for the sums secured by
<br /> � this Security Instrument. .
<br /> � If the amount of the Funds hetd by LendPr.togrther with the future monthly payments of Funds payable priar to
<br /> � the due dxtes of the escrow items,shall exceed the amount required to pay the escrow items when due,the cxcess shall be,
<br /> , ' xt Aorrower's option,either pramptly repaid to Borrower or credited to Harrowcr on monthly payments oP Funds. lP the
<br /> , � amount oi the Funds held by Lender is not sufticient to pay the escrow items when due,Borrow�er shall puy ta Lender any
<br /> � smount necessary ta make up the deficiency in one or more payrnents as rcquired by Lender.
<br /> � Upon psyment in fufl of all sums srcured by ihis Security lnstrument. l.ender shall promptly refund to Borrower
<br /> � any Funds held by Lendei. lf unde��aragraph 19 thc Propeny is sotd ar acquired by Lender,l.ender shall apply.no later
<br /> than immedi�tely priar to the sal�of the Property ar its acquisition by Lender,any Funds held by Lender at the time of
<br /> ; appliration as a credit against the sums secured by this Security Iostrument.
<br /> � 3. Application of Psyments. Unless applicable law�provides otherwise,ull payments received by Lender under
<br /> ° paragraphs 1 and 2 shall be applied:flrst,to late charges due under the Note;second.to prepayment charges due under the
<br /> ' Note;third.to amounts payable under paragraph 2;fourth,to interest due;and tast,to principal due.
<br /> � 4. G1�arges;Liens. Borrower shall pay �11 taxes,assessments,charges,fines a�d impositions attributable to the
<br /> Propert}� which may attain priority.aver this Security lnctrument. and leasehold payments or ground reacs, if any.
<br /> Borrower shall pay th�e obligatians in the manner provideEf i� paragraph 2.or if not paid in that manner,Hctrcc,�wer shall . ,
<br /> � psy them on time directly to the person owed pay ment. Brrrower shall promptly furnish ta Lender all notices oFamounts
<br /> ; to be paid under this pa�ragraph. If Borrower makcs these payments directly, Hc�rrnwer shall promptly furnish to Lender '
<br /> ' �cceipts cvidencing the payments. . _ "
<br /> Bonawer shall promptly dischurge any lien which has priority over this Security lnstrument unless 8orrawer.(a) i ;_
<br /> = a'�a:.��iTi w�iali��ii•i,ir�yi�icni vi inC upliga[ton SCCOTe[I prirt�IiCil ln e t118ili1tT BCC�piaOIC IO LCi1Qli:(b)cdniesis in goad ���
<br /> fiith the lien by,or defends against enforcement of the lien :n,legal praceedings which in the Lender's opinion operate to . �
<br /> prevent the enforcement of'the lien or forfeiture of any part of the Properry;or(c) secures fram the holder of the lien an -
<br /> agreement satisfactory to Lender subordinating the lien to this Security Inslrument. If Lender determines that any part of --
<br /> � the Propeny is subject to a lun which may attain prioritr ati�er this Security lnstrument, Lender may give Borrower a
<br /> : notice identifying thr lien.Borrower shall satisfy the lie�or take one or more of the actions set fonh above within 10 days `.
<br /> of the giving of notice.
<br /> ; S. Haurd In�urnnce. Borrowet shall keep the improvements now ex�snng or hereafter erected on the Propert�
<br /> insured against lo�.s b}ficc,haza�ds included within the term"extended cud erage"and any ather hazards for w•fnich Lender
<br /> requires insurancc. This insuranee shall be maintained in the amounts and for the �+ericxis tha� Lender requires. 7'he
<br /> insurance carrier praviding t(ie insurance shall be cho�en ts���rrower subject to I.ender's appro�at ���hich shall nat be
<br /> unreasonxbly withheld. .
<br /> . Af!�nsurancc pvlicies and renewals shall be acceptable to Lender and shall includc a standard mortgage clause. `�
<br /> Lender shall have the right to hold the polictcs and renewals. If�.ender requires,Borrawer shall promptly give to Lender '
<br /> - all receipts af paid premiums and renewa)notices. In�he evem of'loss, Borrow•er shall gi�•e prompt notice to the insurance
<br /> carrier and Lender.Lender m3y make proof of lass if not made promptly by Bor�ower. ,�,--
<br /> Unless Lenderand Barrou•er otherwise agree in wnung,insurance proceeds shall be appl�ed ta restoration or repair
<br /> of ihe Property d�maRed.if the rc�storation or repai�is economically feasible and Lender's security is not lessened. if the �
<br /> restoration or repair�s not ecanamically feasible or Lerider's security xnuld he lescened, the inwrance prviceeds shall be
<br /> . applied to the sums secuted by this Security Instrument,whether or not then due. µ•ith a�y erress paid to liorrc�wer. IF
<br /> Borrower abandons the Property. or dces not answer within ?C1 days a not�ce from Lender that the msurance car�icr has �
<br /> ' offered ta cattle a elaim. then Lender may eallect the insurance proceeds. Lender may use the proceedc to repair or rettore
<br /> the Prope�ty or to �3y sums secuccYi by this Seeurity Instrument, whether or not then due. 7'he 30-day per�vd w�U begin
<br /> when the notice is given.
<br /> !�nlecs Lenclerand 8orroweroiherwi;e Agr�e in wr�tsng,un}•aFtpiicn��un��fprcxced�to pnncipat shail n��t extend or
<br /> }wstponc the due dateof the monthly nayment�referced to in paragraphs 1 and 2 or change the emaunt of�he�+a�mcnts. 1f
<br /> under par3grnph 19 the Properly �s acyuired by I.endzr, i3armwrr's nght ti�uny insurarice pol�cieti snd�rocecds retiulhng
<br /> from damage to the Praperty pnor so the acquisiuc�n shaE 1 pa.s ta Lender u�the ettent nf the tium.�erured hy thi�Secur�ty
<br /> Instrument immediatel� pnor to the acyuis�tion.
<br /> 6. Preserv�tion and�laintenynce of Properts�;l.e�sehotds. Borrueerr�hal!n��t dcKtra�y,ciamagc c�r�ub�tanh.ill�•
<br /> change the Property,allo�c the Yroperty to deten�rate c�r c�mmil ti�3.Ic. If th�r 4ecunty Instrumcnt i��m a Ic„chc�ld.
<br /> 8orrower shall comply with the pr���isions of the le�i�e,and zs I�orrnw�er acquire�fce t�tlr t��thc Prn�crt�,the lea��hnld and
<br /> fee title shall not mt rge unle��Lenderagrcr�ta the merger m «r�cing. " �
<br /> 7. 1'rotection of L.ender's Rights in the Property; �fort�;s�e Insurance. if (i�ur����ee fail� t<< �erfcum thc
<br /> covenantsand�greementsrc�nta�ned in IhicSecurrty Inst:umrnt.<�r�herr i�a Ie��lprorec�iing that m.�} �igrirfi�.intly atTect
<br /> ler�der's rig�is in the Property� Isuch at a pmcceduig�n bankruptr)•. prt+hatc•, f�v ���ndrr�inen��n rr t��cnf���cc law� ��r
<br /> regulauc�ns),then 1_ender may�do:�nd pa}�f�r whate�•eri� �iece�tiar} tr�rcaect the Laluc c�f thr 1'r<��+.rn.:iid l.ender'ti ri�;t�t�
<br /> �n the Pra�+erty�. Leuder's actionti may inrlude p�y�t�[an} �um��:rurrd h� a ��rn ��.hi�h h.iti �n„nl� c+�rr tt�n tirrurit} �
<br /> h►s¢rutnent,appcaring m raurt. p��ing rca�nntihlc.itts�ntc���' fcc�anJ ratc:�n���ii the 1'r�+rrrt} n��iril,c rcr.,in -llth��u�;n !'�
<br /> L Lender may takeaction under Ihi:,�+�ragr:iph �,Lenderdc�c�r�rt h��e tu�f��.r ��'
<br /> Any�amount�tli5burrcd h} I cndcr u�cicr�hi��;it.�gr�ph��h.�ll hr���n�r.:�tdrt��,n,el cirht��t !t�•rr���►rr��•�,�:i'cl hti �}m
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<br /> Ihr datc ��f dr.hur�cntcnt ,tI 1hr <<,tc r.rtc .ind �h.+l! h; 4�.t�,,n,�•. .�iih �rilrrr�t. u�•:�ii n,�t�.c tr��n� 1�n�lrr r�� li.,rr�,.�ci ��
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