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89104574
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Last modified
10/20/2011 9:27:00 AM
Creation date
10/20/2005 9:55:54 PM
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DEEDS
Inst Number
89104574
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UNBMRMCDVMANM Borrower and L4endereavenant anti agree asfollows: 89-ow 104574 <br />L PsymstofprWpd tai lgkr"4pr"ym net and Leta CbaMm Borrower shall promptly pay when due <br />the principal ofand interest on the debt evidenced by the Note and Simi prepayment and late charges due under the Note. <br />2. Fusaftfor1stainsaidlasuramm Subject itoapplicablelawortas , written waiver by Lender. Borrower shall pay <br />to Leader on the day Morift payments are due under the Note, until the. Niqu is paid in full, a sum ( "Funds ') equal to <br />ow4wdft of- (a) yearly .taxes said assessments which may attain p6arfty over this Security Instrument: (b) yarly <br />bM6dd poiyMftt& of I <br />JF�QWPMW rents an the Property. if any; (c).yarh(- lazard insurance premiunw. and (d) yearly <br />Morippinsunisix MV. <br />`5 <br />AJ TIMC item are called -ewmw EAMder may estimate the Fundit due on the <br />buis o(cuffmt data <br />The Fundi shall bebeidinaninstitutim the i-. iortscwuntsa .*itb*wcinsumdorguamteedbyafedador <br />J_I*'L4'%*' SWf *T4theftafttopayt it <br />$We 90WA7. (iDCkWiRg I if Lender: i"ach he escrow ems. <br />Landis my not charge for <br />O.WL- the Mcbmt or vedr-ft the escrow items. unk" <br />A—* WWI& a 7,AA4 <br />Leader oars <br />Borrower ift-e-Fp OEM the R-Ow- SM sppbcable law permits Leadwow make s "- a- chaW, <br />and <br />Leander may awn M Writ '00 interest shall be paid an the Fun& VnIess an'agreement is in*& or, applitaw I&W <br />MQUirell imuffm 110 be paid: LOIder shall not be required to pay Borrower any interest or estmings on the FuWL Ueda <br />doll give to Sonewer, wi;;Zt ch&qW, in anneal accounting ofthe Fundr. showing creMteand debits to the Funds and the <br />..r •,. purpafie for which each debit to the: Fuv.&sees made The Funds are pledged as additional security forthr sums secured lay <br />tbbSiCWity,bWgU—L <br />IT the amowit of the L ender. together with the fiture monthly payments of Funds: payable prior to <br />the amount required to-pay the escrow items when due, iiii excess shall be, <br />X'W H11 Ma'sq*at. either piumptly rc to Borrower or craditIsdio Borrower on mmihW payments of FundS. If the <br />aipetaslt of d%-.ftw& held by I is; aerataralilcient to M the aw:iwitern when due. Bomwer shall pay to LaWarim <br />46,10111alike upthedgkicim*--in one or.raore paymenta assirequired by Lendeu,. <br />."Upoe paymbeffit in W60811 sums; secured by this Swunty Instrument. EmWer shall promptly refund to Borrower <br />my-R;O& bead by lender. 'ffti%iapg,wao 19 the Properly in sold or acqWiFi4, by Lender, Lender shall apply, no UW <br />th" immediate Prior to ik!&W C;lw'-Property or its acquisitiviT. by Loendm any Funds by Lender at the tiwa of <br />Appr" a a afth AlPiM ikums:*wed by this Security 14s; , tr-ta=1. <br />& A891110111*11111 of PAYNOW Unless applicable law (rte. W*OkS, Otbef *WC.L.&II paymetatS received �' Lender =4er <br />Frio$& I Md 2 "be SHOW- firm to late chwfcsdutuidtTd} Naft NOai d. to pftpaynacnt chwWdue under the <br />Now. rbirit to 0 W Mts payw Kt 1� isder, P initraph L- faw)% W intaw, f a2e; A3 OW., to prWipsal d ut <br />4. Chmr&W'LiimL Starroweir shii[f pry all taxes mem"Ws, dufflIPM !fists NO impositions attributable to the <br />Property which may attain priority over dus Security lnsftmcgat ad kmbWd payments or ground rents, if any. <br />likarrowes skaH pay dme obliptim in the manner provided in paragraph 2. or it not paid in that manner. Borrower shall <br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts <br />to be paid wader this pwWq*. V Borrower makes these payments directly. Borrower shall promptly furnish to Larder <br />reacipts evidencing the payments. <br />Borrower WWI promptly discharge any lien which has priority Over this Security Instrument unless Borrower: (a) <br />agrees in writing to the Payment Of the Obligation secured by the lien in a manner socept" to Leader, (b) contests in good <br />faith the lien by. or defiends against cnf0tceamt of die lien in, legal proceedings which in the Lender's opinion operate to <br />prevesit the esaforcomessit or the Jim or forfeit= army p" of ON Property. of (c) secures from the holder of the lien an <br />agreement satisfactory to Leader sabordwatinJI the k to this Security Irdtfurneiii. if Lender determines that any part of <br />At PMP"tY is stab M to a lien which may attain priority over this Security Instrument, Ltrider may give Borrower a <br />notice identifying the hen. Borrower shall utWy the lien or take one or more of the actions set forth above within 10 days <br />of the giving of notice. <br />& HmwdlMwmw. Borrower shall keep the improvements now existing or hereafter erected on the Property <br />insured against bas by ire. hazards included within the term -extended coverage, and any other hazards for which Lender <br />requires ir"131111ce This insurance "I be maintained in the amounts and for the periods that Lender requires. The <br />ifturlsaft carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be <br />unreasonably withheld. <br />Leerier AM uwufmm POISCOM And rvwwsb shall be acceptable to Lender and sMI include a standard mortgage clause. <br />shall have The right to hold the policies and rmwah. If Lender requires, Borrower shall promptly give to Under <br />SH receipts Of Paid premium and fCftwS1 DOWN. in the event of low Borrower shall give prompt notice to the insurance <br />carrier and Lender. Leader may maw P100rof 10114 if not Made promptly by Borrower. <br />Unless Leader assil Borrower otherwise agree in writing, insurance procceiks shall be applied to restoration of repair <br />of the Property des u*A if the restoration or repair is economically fessible wd Lender's security is not lessened. If the <br />Monition Of FC*r is not economically feasible or Under's security would be lessened, the insurance proceeds shall be <br />applied to the sums secuted by 1W Security/ hastrument, whether or M then due. with any excess paid to Borrower. If <br />RWVOWO gbmxkm the PtOPUtY. Or (10911 W answer within 30 days a notice from Lender that the insurance carrier his <br />Al to settle isclaim. then Lender may collett the Insurance proceeds. Lender may use the proceeds to repair or restore <br />the PMPMY Of to pay sums oftand by tbis Security Instrument. whether or not then due. The 30-day period will begin <br />who the notice is Sim. <br />Unks Lender said Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or. <br />postpone The due due of the monthly psymmlareferred to in paragraphs I and 2 or change the amount of the payments. if <br />under pw#$Wb 19 the VWWW"Y is 1104mind by Lmoder. Borrower's right to any insurance policies and proceeds resulting <br />fmw (UmW 10 The PMVMY prior to the 1104911ilion shall pass to Lender to the of the sums secured by this Security <br />Iffiffilmot immediately priortit the acquisition; <br />PrssaatratiM ass -OfFt8pssrW-.JL*wWW& Borrower shall not destroy. damage or substantially <br />chow Me Property, allow dear ,Property. to-docnorate or commit! waste. If this Security Instrument is on a leasehold. <br />aft-ftes shall Comply with thetwovisims ortbe lease, and if Borrower w4•wretret title to the Property, il �e leasehold and <br />fat tilriball not merge unkm' a Weft to the meWin, wfilitilp t . <br />" 1 7. of Lae iisra MWO IN 11e proft1r. Mwvw f"Waisee. If Borrower fails to Perform the <br />COV96MUMOdaMOMWnUCong#4WA -Q-1. !y that tnaysignificantlyawmi <br />. in thL_ <br />Ift6we rights -In the Properly ("Wh as 0 VOCCOlift in bankruptcy, probiste, for condemnation or to enforce laws (�r <br />nodUKM). then Lender my do sad pay for whatever as necessary to Protect the value of the Property and Lender's rights <br />is tk PtOPMy- Lender's actms May Includi! P111*8 any sums secured by a lien which his priority over this Security <br />law , 1. appearing in court. paying reasonable NIWMj• fees and entering on the Property to make repairs Although <br />Lender MAY I&C action Under this paragraph 7. Lender does not have to doso <br />Any ammirtis disbursed by Lender under this paragraph 7 611111 become additional debt of Borrower secured by ibis <br />Swunlyinstrurnent Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from <br />the date of dabummerit at the N04e rate and shall he payable. with interest. upon nemce from Linder to hummer <br />te"Mgnspsymnll , <br />7 <br />I <br />
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