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89105504
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Last modified
10/20/2011 2:32:00 PM
Creation date
10/20/2005 10:08:00 PM
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DEEDS
Inst Number
89105504
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I <br />Lim <br />UNMRMCOVIENAWM Bate oweradLeadereovamtudagrftnfolfows:- 105504 <br />1. Pwatant o(AftWO "d to PWIMM"sari It" charm 1*.%Ww Shall promptly pay when due <br />tilt pia*W ofaind is erwou the debt evidwo by the Note ands y priepsymat andlotecibarla due under the Note. <br />1. Valk hirTasoo-Willums"s, Sabod to a-p-phambrelaw or tos. wrkW. ".ver by-LOW". Borrowel "VEY <br />so LmWwjm the day onoaddy payments an due under the Noon; iintit " MI. a sum CTun&")*qvW to <br />W- - "�e " is 0�4 1! — 0% <br />OP(11)--- ;- - - - winstooncou-i bid -a" 1103111Fwax-My OWTU, Saw-MMUFFLY 111"W" I -;- Y-YOUSY <br />PSYM=t$ Or round rents 011 the Property, if any; (C) YOVAY P=iMM and (d) yearly <br />anortgyt 810. <br />instmance premitions. if any. Tbac item are cdWd 44oacm kems.'r Lies4eirmay estimate the Fu na due on the <br />book n- daimand- <br />Mw Funds" be held in ou institution tbedep*ftor scmatso(Maire insured or guaranteed by a federal or <br />sate asoaq (iiackwing Leader if I is such an institution), I the Funds to pay the escrow items <br />Leader my no charge for holft and awlyin the Flads saislyxing the *=Wsior verifying the escrow item unless <br />Loodeir pop Borrower interest on the Fwn& and applicable kw I Pr lib, Lender to make such a charge. Borrower and <br />Leader my agree in writing that interest shall be paid an the Fos& Udm -an agreement is nude or appbcabk law <br />ragoires a —, i to be paid. Lender shall no be required to pay Borrower any interest or earrualp on the Funds. Lender <br />amtsgiveto without chargeais annual accountinsofthe FUO&OWWjnj Credits iUA d bits to the Fund ;ard the <br />propose for which eaclsdebit to the Funds wn made. The Funds are~ as additionalsecurity for the hum sewrO by <br />If tie amount of the Funds held by Lender, together with the hetm monthly payments of Funds payableprior to <br />the doe dogs 0(tbe escrow items, " ex the smotint required topay,CU escrow items when due, the cum sMU be; <br />At BW1tOWW.$.OPdM either Promptly repaid to ON Lower cc cfeditied ta- Sormwer Oft monthly Payments of Funds. If the <br />moomt otdk-. Foods held by Leader is not sidWeat to pay the ewmw isms when due, Borrower shall pay to Lender any <br />AMOOI$i nompmy to make up the dddmcy in one or more payawats as required by Leader. <br />' . .... Qpsattapni�i tin full daII stttas secured by this 5ectrrity Ianitintnsent. bender shall promptly refnnnd to Borrower <br />ally Nhl by Leader. If under paragrapis. 19 the Property is sold or acquired by Lender. Lender shall apply. no later <br />theses prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of <br />appiicatioa :!W-�—Y <br />osacreditagainst <br />the sums secured by this Security Instrument. <br />3. AwkWn of iPs,:atsatls. Unless "plicoble Law provides otherwise, all payments received by Lender under <br />paragraph I and 2 shall. be applied: Am to We cWSa'Otw under the Note; second, to prepayment charges doe under the <br />Note; third, to amounts payable under pu&Mb 2r fourtht. to interest due; and Wt, to principal due. <br />d. Ch P;UML Borrow"PSY49 earsQ anessments, charges, Am and impositions attriibistoble to the <br />FMWq which may attain pdarity'ow dis Security Instrument, and lessebold payments or ground reiL% if any. <br />Doerower" pay theorobfigisdoiss 6 theniatinar provided in paragraph 2. oriftat paid ui that manner. Borrower" <br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Laukir all notices of amounts <br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender <br />receipts evidencingtise paymenui. <br />Borrower shall promptly diaclsarge nay lies which has priority over this Security Instrument unless Borrower: (a) <br />agrees in vnfilng tothe payment of the abligat1ios secured by the Ike in a manner acceptable to Lender, (b) contests In good <br />&M the fia by, or dittos aping ahmement of the hen in. legal proceedinp which in the Lenders opinion operate to <br />pewen die enforcement of the lien or forfeiture of any pan of the Property; or (q) secures from the holder of the lien an <br />. wWwtory to Lerida subordinating the lien to this Security IsMirument. Mender determines dot any pan of <br />tide rwo".,is butt to a bw which usay aiWn ptioirigy ~ ".%maay Immsomit. Law" may give Bouuwer a <br />notice ident** the lien. Borrower dun satisfy the lien or take one or inme of the actions set forth above within 10 days <br />of the giving otnotice <br />Hazard Invirsom Borrower shall Lap the improvements now existing or hereafter erected on the Property <br />-inured opium lose by Am hazards included wrtkin the term "extended wveroo" and any other hazards for which Lender <br />requires Instwatim This Insurance " be maintained in the amounts and for the periods that Lender requires. The <br />wwaMrr comer providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be <br />W4 withheld.. <br />AN insurance policies and renewals %W be acceptable to Lender and shall include a VaumUrd mortgage clause. <br />Leader" have the r*t to hold the pdkwa red renewals. If Larder rewires, Borrower shall peomptly give to Lender <br />all encipid, laid premiums and resewsl notices. In the event of low Sonvwer shou Sitve prompt notice to the insurance <br />carrier aodLmder. LaWer may moU protilof loss ifnot made promptly by Borrow <br />Unitas Lenderand Borrowerotberwiw Wee in wntia& iruurancx procaedsslaiulbe applied to restoration or repair <br />of the Property d-moad if the restoration or tnWr is economically (epoWe and Lendees secww-f is not lessened. If the <br />nowrodoo or repair is, not economically fesaftit or Lender's security woWd be lementif, the ittoratce proceeds doll be <br />applied t* flie sum secured by this Security InscrumeoL indbether or not the doe, vkh any exom paid to Borrower. If <br />BWnWW slowdons the Property. or does not answer wkhm- 30 days a notice from L40a that the insurancre.arrier has <br />Offered to *Oka oMm, then Lender may co&wWw insurance Proceeds. Lender may we the proceeds to Cepir 4 restore <br />the P! openI or br, pay sums sftvmd by this Sewrity Instrument, whether or not then due. The period will begin <br />wines the ruttttice is gi+raa: <br />lUA160 Lender and Borrower 0(berwin spa in writing, any app ian of =eeds to principal shall not extend or <br />poupooeUm doe date of the montlily: payments refirred to in paragraphs - I and 2 of chher the amount of the payments. If <br />under paragraph 19 the Property i , a acquired by Lender. Borrower's rigkt p any insurance policies and proceeds resulting <br />from dwage to the Pmperty prior to the acquisition " pass to Lender, to the extent of the sums secured by this Security <br />Instrament, mm to the acquisition. <br />14L. LasoOddL mower shall not destroy, damage or substantially <br />chow 4i. property. allow the Property to deteriorate or commit waste. If this Security Instrument is an a knehold. <br />U <br />Borrower 1w com-Ply with the pro-viskmis dthe leaae, and if Bomow.c.-sequires, fee title to the Property, the lawhold and <br />fa tkk shall so awgipwileo; Landeragrees to the merger in writing. <br />7. Fe at IaWW* SWU in the Plepigy Mortgage Imarson. If Wvrowt-T fails to perform the <br />cov"Mused WeerAnts contained in this security Instrument. orther;iss legal proceeding that may significantly affect <br />Loodres rights in the Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laws or <br />. , g-1 -11 then Lender may doand pay forwhauvirr is necessary to protect the value of the Progeny and Lender's rights <br />in the Property. lender's actions may include paying any sum secured by a lien which has priority over this Security <br />Instrument. appearing in court, paying reasonable Attorneys! fees and entering on the Property to make repairs. Although <br />leader may take action under this paragraph 7. Leader don not have to do so. <br />Any amounts disbursed by Lerxler unki this porsgnph 7 shall become additional debt of Borrower secured by this <br />Sautityinstrument Unless Borrower and Itnder agree to other terms of payment. them amounts shall bear interest from <br />the date of disbunement at the Note rate and shall be payable. with interest, upon notice from Under to Borrower <br />-J-- <br />
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