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<br /> llNlFtIRM CUV�N!1Nl s. Horrowcr i�nd Lcndcr ca�•cnant nnd ngtcc ii�ioll��t s. vO---� 10 419 9
<br /> 1. Payment at Nrinctpal�nd Interest; F�eps�•ment and IAte Ch�rges. [���rroH•er�h:��� r«�n���i> r�} «hcn dur
<br /> the principal c�f and intcrest an the drbt eridensed b�•the Nole nr�d nnS•prcpa�•mcnt u�yd lotc ritnrgc�due under t hr n��te.
<br /> :. Funds�ar'�'Axes and Insur�nce. Subjee!tu applir,�bte lu�v ur tn a��•riltcn w�aieer hy I.ender,Bc.rrou•er sh;ill pa��
<br /> � ta l.ender on the day rtionthl}payrt�eflts�re due ander the Note,until the Note is p;ud in full,a sun�i"F'imds'i egua!tn
<br /> c�ne•tw�elfth of: (s) gcarlv taxes and a��.cessments w•hieh may as�ain priority o��er this Seeunt�• InStru�ue�q; (h) }ea�ly
<br /> leaxhold payments �r grdurtd reots �n the Ptopert}�. if any; (c) }�early hazard insurancc prNmi�ms; and (d) y�ca�1l�
<br /> mort�age insurancc premiums,if any.Thece items src calle�"escrow�items.”L:nder may estimate thc Funds due on thc
<br /> ba�sis of current dRta a�d reasongble�timates of future escr�w items.
<br /> The Funds shsll be held in an institution the deposit�or accaunts oPHhich nre insured or guuranteed by�a fcdcral ar
<br /> state a�ency(including I.ender iP Lendt� is such an instit�itian). Lrnder shall ppply the Funds ta pay the rscraw itcros.
<br /> Lender may not charge for hotding and�pplying the�unds,analyzing the account or�•erifjing the escrax�itemc,unlesc
<br /> Lrnder psys 8orrower interest on the Funds and applicable law permits Lender to make such a charge.Aorrower and
<br /> Lender m�y ag�ee in writing that interest shall be paid on the Funds. Unless an ag�eement is made ar uppSicable law
<br /> ' tequires interest ta ba paid, l.e�der shall not be required ta pay Bc�nawer any interest c�r earnings an the Funds. Lender
<br /> shall give ta Borrawer.without charge,an annual accounting of'the Funds showing credits and debits to Ihr Funds and the
<br /> ' purpase for which each debit eo the Funds was made.The Funds are pledged as additiona)security for thc sums secured by
<br /> this 5ecurity Instrumcnt.
<br /> IPthe amount of the�unds held by Lender,t�gether with the future monthly pa�•ments of Funds payablr priar to
<br /> the due d�tes af the escraw items.shall exceed the amount required ta pay the escrow items when due.the excess shap be,
<br /> at Bonower's option,eithrr promptly repaid to Borrawer or credited to Borrower on manthly paymentc oP Funds. IP the
<br /> • amaun!oP the Funds held by Lender is not suflicient to pay the escraw items when due,Borrower shall pay ta Lender any
<br /> amnunt nectccae�to ma{c�up thr�i�ficien�y in c►*!t or••►_�.*e�ay!nents as ret;ttlret!�y�pnder.
<br /> Upan payment in full of al)sums secured by this Security Instrument.I.ender shall promptly refund to$orrower
<br /> � eny Funds held by Lender. If under paragraph 19 the Properiy is�old or acquired by Lender,Lender shall apply.no later
<br /> than immediately prior to thG sale of the Property or its acquisitian by Lender.any Funds held by Ixnder at the time af
<br /> application as a credit against the sums secured by this Security Inst�ument.
<br /> 3. Applkation of Psyments. Unless applicable law pravidcs atherv►ise,all payments received by Lender under
<br /> paragr�phs 1 and 2 shall be applied:flrst,to late charges due under the Note;second.ta prepayment charges due under the
<br /> Note;third.to aniounts payable under paragraph 2;fourth,to interest due;and last,to principa)due.
<br /> 4. Clurges;Litns. Banower shall pay uU taxes,sssessments,charges,finct and impositions attributabte to the
<br /> Property which may attain priority.over this Security lrastrument, and leasehold payments or ground rents, if any. .
<br /> Borrower shal)pay thtse abligations in the manner provided in paragraph 2,or if not paic!in that manner. Borrower shall ;
<br /> pay them on tim�directly to the'�erson owed payment. Borrower shall promptly Purnish to I.ender all natices of amounts
<br /> to be paid undzr this paragraph. If Borrower makes thesr payments directly, Borrower shall pramptly furnish to Lendcr �
<br /> receiptsevidencing the payments. .�
<br /> — -_= irorrvwer snaii prampt'ry discitar�e any Iien which has priority over this Security Instrument unless$c�rrawer.(n) t,.�°"°
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good .
<br /> faith the lien by.or defends against enforcement of the lien in, fegal proceedings which in the Lender's opinion operate to
<br /> prevent the enforcement of thc lien or forfeiture of an�• part af the Property;or(c)secures from the holder of the lien an �
<br /> agreement satisfactory to I,ender subardinating the lien to this Security Instrument. if Lender determines thac any pan of
<br /> the Propeny is subject to a lien which may attain priorit� rn�er this Security Instrument. Lender may gi�e &?rrower a ---
<br /> notice identifying the lien. Barrower shall satisfy the lien or take one or more of the actions set fbrth abc�ve withcn 10 days
<br /> of the giving of notice.
<br /> S. Huard I,nsunnee. Borrowtr shall keep the improvements now existing or hereafter erected an the Property
<br /> insured against loss by fire.hazards included within the ternr"extended covrrage"aad any other hazards for�hizh L,ender
<br /> requires insn�ancc. This insurance shall bc maintained �rt the amounts and for thc periods that Lender requires. The
<br /> ansurattce carriar providing the insurance shall be chosen by $orrower subject to I,ender's approval which xhall not be
<br /> unreasonably withheld.
<br /> A11 insurance polieies and renewals shall be acceptable to i.ender and shall include a standard mortgage clause.
<br /> Lender shall have the right to hold the policies snd renewats. If Lender requires, Borrower shalt promptly gire t�Lender
<br /> all receipts of paid premiums and renewal notices.In the etient of loss,Bc�rrow•er shall give prompt not�ce to the insurance •�
<br /> carrier and Lender.Lender may make proof of loss if not made promptly b}•Borroa•er.
<br /> Unless Lender and Barrow�er otherwi_ce agree in r,�•riting,incuranee proceeds shall be appLed ta rectoration nr repsir �
<br /> of the Property damaged,iP the restoration ur repair is economically feas�ble and Lender's se�carity is not lessened. If the ,
<br /> restoration or repair is not economically feasible or Lcnder's security would be lessened,the insurance prcxeeds shaU be
<br /> applied tp the sums secured by thia SecuntL Instrument,whether or not then due.with any exce.ss paid to Borrower. If
<br /> Borrower abandons the Propert�.cx does not answer a•ithi�o 30 days a notice frorti Lender that the insurance carr�cr ha�
<br /> oflered ta settle a claim.then Lender may colle�t the msurance rroceeds. Lender may u�e the prnceeds to repair or restore
<br /> the Propeny or ta pay sums secured by� th�s��•curity lnstrument. �+�hether nr nne th,n ciuc. 7hc?�-day perind s4i!!hegiis
<br /> whc�i#��notice is g;ien.
<br /> Unless lxnder and$orrow�er mherw•ise agree�n w rihng,any application��f'T+r�lcred�t�principa!shal l not extend�r
<br /> postpotte the due date of the monthly paymenK referred to in paragraph�1 and �c�r rt*.3nge the umi�unt c►f the pay ment�. If
<br /> under paragraph 19 the Property i9 acquired by Lender. Horrower's right to any�n�urance palicie�and prcxeed� retulting
<br /> from damage to the Property pnor ro the acqu�sition shall pass to Lender to the extent nf the�um�tiecurrd b.th�s Securit�•
<br /> Instrument immediately prior tc�the acquisitiuri. � '
<br /> 6. f'reservation and Maintenance ot Yroperty;Lcaseholds. 13�rruacr�ha11 r.��t de�tro}.dam�i�e�+r�ubtit�ant��ll��
<br /> chatlge the Property,allmv the Yro�rerty� to deten��rate �r cnrnm�t «a�tr If thi��ecunt}� fn�trun•�ent �t nn cs lea�rhnld,
<br /> r••,'=___--.
<br /> Borrowershall com{�l�•�ith the pm�isiantof the leace,and if H��rmtiver acywrr�fee�itle t�+the Pru�.crtt,Ihe lc�tirhuld and .
<br /> fee titie vhall not mcrgc unlc�s Lender agreec to the mcrgcr m�z nting.
<br /> 7. Protection af I.cnder's Ri�hfs in thc f'roperly; 11nrt�aae lnsurancc. If 3i„rri�«er I•ril� t�� perfncm the
<br /> covenantsand agreements r��ntained in this Serurit� In�tcumrnt.��r thrrc i�a IcEal pr��recdin�;that may ,igr�ifi�.:ntly eftert
<br /> Lendtr's nghts �n the Prnperty t�uch ac a prureeding �ti hankru�t��. �rnha�e, f��i :nndrrnn�t���ii ��r tc�enfur.r I.�w� ��r
<br /> regulatiuns),thc:�Lender may�do an.i p,.►y fi�r��h:�te�er�. nrreti�ar} tv prrtet t the talue��f thr Prs��.:sy�:,d 1 rn�trr'�nEht� {
<br /> in thc Properi} I,�ndCr'ti acltnn� m.�y n��•Iudc r.�}�n� ,�yi} �u�n�+r.-urr�! h� a licn uhi:h h:�, �n��rit� •��cr �ha•, Sc•:unt� �:�'
<br /> L intit�umcnl.appc�u�ng m r�urt. p�ying rea�c�nahlr.�ttrrnc•}.' fcr�.uui cntcrir�c�,n thc F'rrnrrty t��n�.,l,c 7�,•.ur� �lthnu�:h
<br /> Lender ma� :ake a�t�cm under�hi��:�t.�kr�ph'. Lender tlr�e�n�,t h:�«•t��ii�•��, ��
<br /> Any amount�di�hur.eJ hti t cndcr ,i�ider thi��,ir,s��r,��h-�h.ill hc•. •ni�..Jtliri��r�.�i ;'.rti*� t li. ����uu �.�,ur�•,f h� rli;, �jr�.
<br /> Sccutily In�truntent l'�tle�ti 1�rre����cr.�nt!I etuter .iy;rrr i��i�tt:rt Icrtn.��t r��nr.•i.t. tl•� ,:•.,��.. „���.,�. ,I' �,, �r �„r;•<<.� ;�„„� i���
<br /> the �1ale ��f c�t�hunc!ncnt .�t ;hr \��tr r.�tc ,�n�f .h.ill hr j�.i�:ihir. �.ith :�,t�r.�• .ir. :, �•, t.. , t�, �, lr;�;lrr t�� E;��r�,•�+�• �a..
<br /> requ�tit�n��.��iucnt
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