|
, :.; _ _ ,. . . ,
<br /> � . _� ' i �i - ' . �ti+� . . '_ . . .. . . _
<br /> *` . _'_.- ._. - -- .'- �� - _ , _ _ . . . _
<br /> ._ _ ' . . ._. _ . _. .�_� t..� ;, L' . ' _ _ _. - -
<br /> _".. —� .:" __' .. � _` ' _ ".�t= . .. . _' " __i . . __.. ._ __._ __'- .. . - i - � __-� ,.
<br /> 1..-ti.. ..
<br /> .- : �-_ _ - , F. . ..- . . . . .
<br /> .: r , . • . .., . -
<br /> ._. .._ --..___ '< . . `t . � . - __ — _— :— _.� ,
<br /> . _..�_ . ' —_ - _ . _ '._ ' ' _'—_l' _ i .. L _ — '
<br /> . . . � . , ` , . . , , . ' . \ . . ., . ' � ' ..::�;
<br /> _._ � _ . i ( . ' ' . , ' • . � .'�'. ` . ' . < � 1 ' . ' i •c. .. ' '(.y i . . ���
<br /> � � ^ ' � . . ' . . � c ' � . " . _ - �
<br /> ., - - � . �v����. ����►������fo�a��: � �0--�iO4�9�. , � � .. . ; .
<br /> � . ` , 1. Pa�ie�it�at Psi�etMt�i Iateeq�Pr�4►a�t a�i Lw�e CLr�e�. 8onoa�er shatl promPUY P�Y Mhm due ° � : -
<br /> � � � tbe pria�at�and intar�st on the ddst.cvidanc,ed bythe Note and any prepaymept aad tate chatga dut t�tdet the Note. � . --
<br /> � , �� ` 2. `F�i#qrTi�s a�IsaonNre:�Subject to applicabte ta�or to a written waiver tiy Le�ndu,Borro�rer shall pay _
<br /> . ` � � < to tr.�der on tiie daY mulitbfy paymaits�aredue under t6e Note.uatit the�tote is paid in fnU.a sum("Funds")eqwl to � ,
<br /> �`'` ' � a�x-t�vdfth oi: (s} yq�rly tsxes ind issasmeats,xhich may attain priarity over this Security [nstrument,(b7 yGarty ' . . '
<br /> � t �` iaxboid � ts or' ' rtQts t1ic� if aa , (cj yearly haZSrd insurartee pt'emiums; and (d� Y��Y `
<br /> -- ---: � _ Wy� � � �Y+ Y' _.
<br /> :
<br /> maRipEe iasaiauc�Premi�s.if ang-�iten�s ue ca�lod"esc�o�v items."Len�er may estir�aiE t e Fui�ds dae an � °- - -
<br /> : � b�sofcuireatd�taandswoaabkesti�tad�ffiitaresssrawiiems, c. < . •. . .
<br /> . � -'fft�Fuads 5ha11 be i�dd in ut institntion the depasits flr accwnts of which are insvred or guaranteaa by a fcdea�}m' - �.
<br /> ` . � sRate a'mcy`(mclndins Lender if,I.e�er is auclt an instltution): Lender shall apply thr Funds to pay the escrow items. ` . , . �,
<br /> .. ,Iz�er maiy n6t cl�t�for.Lo�ifm�imd applyin6 the Ftr�ds.aaaIyzin��the secount or verifying t1�escrorv items,unless , , .
<br /> _ � � ��eoder pihrs Eorrowa iataYSt on the F�ads au�d sppticabte Ix�v permitx Lender to m��cb s�charse Borrow�r and .
<br /> -- - - . _ � -- �I�ea�det.maY.ar�?x ia�rritin�-iLst.=interr�.sh�1�p�id an rt�F'unda:Unle�a.��A�ernq��is�nac�Qr a�gli!y���r;. � , _.. _,_
<br /> raluira iritdrest.ta be paid�I.ender shstl not be requir+ed to paq Barrower anyinterest or eamin};s on tli�Funds.Gender ; , ` � ,
<br /> - � - si�Sire to Ha�rro�rer,�vitlsuut cl�frac.�an anuuat acxauntin�of tfit Funds shawing cred'ets and ddrits to the Fands and the �
<br /> � pr�t�c�ee for�vbich eabfl debit to the I�unds+wu msde.�'he Funds are pledged as addirionai security for the sums securcd 6y � .
<br /> . , � tbi�Savrity Instcumea� � • . -
<br /> , ` If the�n�uunt oi'tbe Funds held by Lender,targethei�vith tlie future monthly paymmts of Funds psyabk prior to . .'
<br /> . . - thF due d�tes of the escdow items,sbatl excad tlie amoaat reqt�zred t�pay the escraw items whrn'due,the eacrss sl�t!be, : . ,
<br /> � � _st Borta�ves'a apEion,eithar promptly repiid to Borrcr�ra ar creditcd to Borrower on monthly payments of'Fu�ds. If thc �
<br /> _ - _ . - amt�t e�'t�c�hsl��I.sfttlet is r.s�!!stt�eiatE set p:►y!ka e�io�etesns srt:�s��u,Barra�crshall gapto Y�ndes�ny - . . .
<br /> . , ,, • �a�ountneca�ary to mlace up the dekctiency ia one or more paymmts as required by Leader, _ - . :
<br /> � � . . Upon paymeat in fu11 of a!1 xums secured by this Sxurity Lnstrument,Lender sbzll pro�nptiy refund to Borrower , .
<br /> , �� , ' . any Funds held by I.eeder.If under patagraph Iq the Pr�perry is sold or acquirod hy I.ender,Lender shalb apply,na later , �
<br /> � ' thu�immediately prior.to the sale of the Property ar its acquisition lsy,Lender,any Funds held by Lender at the time oF , � `
<br /> . . . ` , spplic�tion sis a eredit against the sums secured by this Secusity instrument. •
<br /> 3. Aylic�dn�oi P�y�z�b. Untess applicable law.provides otheraise,all payments received by i.endet under . ,
<br /> � pangraphs 1 and 2 shatl be applied:6rst,to late charges due under the Not�second,to prepayment charges due under the
<br /> � � Not�third,to amounts psyabl�under paregraph 2;four�h,to interest due;and tast,ta princepai due. .
<br /> � . 4. Gtir�s;Lieas. Borrawer sha11 pay all taxes,assessments.charges,fines and impositions attributatite to the '
<br /> Property �rbich may attaita pr�ority,over this Security Instrument, and teasehold payments or ground rents, if any. ,
<br /> 8ormwer shall p�y these o6ligatians in the manner provided in paragraph 2.or iPnot paid in that manner.Borrower shall � • �
<br /> psy thai�on time directly io ihe person owcd payment.aorro�vcr shall promptly fuinish ta Lendcr a31 notices oPamounts � � �
<br /> •. to be psid under tbis paragra¢h.If Borrawet makes these paymcnis directty,Bnrrawer shatl promptly furnish to Lender • � '
<br /> tectiptsev'tdertciagtltepspmertts. � � � . _
<br /> Borrawes sha11 promptly discharge any lien which has priority over this Security lnstrument unless Barrower:(a) ' '�-
<br /> agras in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in gbod �`�-;
<br /> faith the tirn by,or defrnds against enfoscement oPthe lien in.tegal proceedings which in the Lender's opinion operate to '. _
<br /> prevent t6e enforcemrnt otthe lien or fcrfeiWre oPany part oP the Property;or(c)secures from the holder of the lien an
<br /> � � � sgreement satisfactory to Lender subordinating the lien to this Security Inssrument.If I.ender determin�s that any part of '
<br /> . the property is subject to a tien which may attain priority aver this Secvrity iostrument, L,ender may give Borrower a
<br /> notire itkrttifyin6 the lim.Borrower shaU satisfy the tien os take one or mare of the actions stt forth abova within 10 days
<br /> � oPthepvjnaoPnotice. � � —
<br /> � S, Hasud I�e." Borrower shalllceep the impra�erssents now eaisting or hereafter erected on the Propetty
<br /> , insu�rod against toss by flre,hazards included within thc term"eatc�nded coverage"and ariy other hazards for which Lender
<br /> requires insut�»a. This insur�oct ehall be maintained in the amounts and Far the periods that Lender requires. The
<br /> insurance caR+er providing tha inaursnce ahal!�e chasen by Borrower subject to Lender's approval whech shall nat be
<br /> � � unreasonably withhtid - .
<br /> : All insatance policies aaQ rentwafs aha11 bt acceptablr ta Lender and shall include a standard mortgage clause.
<br /> � Leader shali have the right tn hold tbe policies and renewafs.lf I.ender requires.Borrower shalt promptiy give ta Ltnder
<br /> all receipts of paid premiums and renewal notices.(n the event af't�ns.8onower ahall give prompt natice to the insurance . '
<br /> • csrrier�nd LenQer.Lender may maka proof oP ttns if not made promptly hy I3orrower. ;���
<br /> � � Untess l.ender and Bonower otherwise agree in writing,�nsurancc proceeds shaU be applied ta restaraEion ar repair
<br /> of tAe Pro�erty damaged,if the«storation or repair is ecanomically feasible and I.eader's�ecurity i�nai lescened. If the �
<br /> rator�tion cx repair is not economicalty fasible or I.ender's r,ecur�ty would be Icssened.the insyrance proceeds Shall be .
<br /> applied to the sums secured by ehis Secutity lnstrument.whether or not then due.with any excess paid to I�arrowtr. If
<br /> BarroMCr abyndons the Property,or does not answ�er within 3U day�a noticc fr�im l.ender�hat ths+nsurartce carrier has ;
<br /> • offered to settte a claim,then I.ender may cotttct the insurance prnreeds. lxnder m�y use the procetds to repair ot restore
<br /> . i the Property csr to�ssy sums secured by this S�curity Instrument,whcthsr or no!then due.7'he 3(T-day period wil!begin � - -�
<br /> �. . � when the notioe is given. �
<br /> � Urticss Lender and Borrawer otherwise�gree in writing,any applrcat�on of pr�xeed�to pnncipa�shall not eatend or
<br />� , postpone the due date of t d:s manthly paymcnts refcrted ta in paragraphs 1 and 2 c�r change t he amount nf the payments.If
<br /> . un+der paraaraph 19 the Praperty is ecyuirtd by l.ender.Borrawer's right t�y nny insurance pnlicies arrd prcx�eeds resulting
<br /> , � from damage to tht Property prior to the acquisitian shall pass tu I.ender to the e��ent uf the sums!�erured by this Serurity
<br /> � � ' Instrument immediatety priot t�the acyuisiticjn. �
<br /> . 6, Prestnstioe and Malntee�nceolProper�;Leaseholds. Norrower�hall n��t desirny,damagE ar Suh�tantially
<br /> � . change tha Nroperty,allc►w Ihe f'mperty to deteriorata�r wmmit v�nstc. tf thi9 Sscunty Instrument �s on a teasehold,
<br /> � Borru�+er shall comply with Ni�provisions oithe�tease.and�f Hatr�wer arqu�res fee tiNe tc�the vr�peny,�he teasehold and ;-- : -__
<br /> fce ti�k shall not merge untess Lende�agsees t�the merger in wnting. _ ,
<br /> • ' , 7. Protafton ot 1.enrkr'�s Aig�ts in the Pirooe�ey; 11�ort�ge Insut�ncc. If N�rraower iailv to �erform Ihe
<br /> covenants nnd agteements cantained in this 5ecurity Instrument,ar�he�e t�e lega)pr�xeeding that rnay sigmficantly af�ect ,
<br /> Lender's rights in the Proptrty(suth as a prcxceding in bankrupiry,.prc�b3te.fi�r condcmnati�n ur t�enf�rcc laws or , ,
<br /> __- -.-_ _ _. : _...._ .. _.-
<br /> reguiatioiis),then Lendtt may�n and pay for whate�er is necessary to prutrct tfic vatue i�i�ehe�ropersy anif t�:ndcr`s ri6ht� � '
<br /> � in the f'roper�y. l.endet's actic�ns mby mclude paying�ny sums sc�:ured by a I�cn whi�h ha��►rtur�ty�ves th�s�eeur�ty
<br /> .!n$ttument,appearing in court.Qaying reasonable vtt�rneys fees nnd entenng on the�'roperty ta make repa�r� Atthough �
<br /> L t.ender may take aciion onder�his paragraph?.Lender d�x�not have to dn sc..
<br /> Any amounts disbutsed by lxnefcr u�tder this paragraph 7 sNall hecome a�d:t�nna{deht of l�nrrourr�ecuted by Ihn
<br /> � Securiry Instrum:nt.llntess Hntrow�et Rnd Lensier agree tn W her terms��f p:+y ment,thc�e amour►sc�hall hcar mtcrest fn,m �
<br /> Ihe Qate uf disbutscment at the Nutc ratr nrsci shaU t�c pa}able. w�th iutcrest. upnn nc�tice.frum txnder tv fle�rr:�ucr �
<br /> rcyuestingpa,ymtnt. . ' µ- ,�-
<br /> , � �. - ..
<br /> _.. �. . . .
<br />: �
<br />
|