|
r�C'%fb�` �# , , � , .� � _?it.��,S.} c i�':;.yu J
<br /> - -"'_,�i F�: . .� .. '�'�_- _ �^,��%. �Ci..Sf:�'?.
<br /> .'- •,�'�_.�t , . — __ _ .-. "r-1n-.....�.J . .
<br /> ...h . . .. � .
<br /> . � . • "�{.'t.:� .
<br /> ..-yC:.: . �. �
<br /> ' .. . ' i'5:�;�..C'_i. � . • , ' � .. __�_ __._�_-__.-__�._�_� . .. .
<br /> � . ---��--' _____i__' '---
<br /> • ' ' • . ,� a'Ml::t:t�• t�T Pn211V __—_
<br /> � __� The Funds shall be hetd in an in�titution whose de�nsits are insureci d} 1 feJ�r�i �E"«!• '•'�'t���rfund+to a ttie
<br /> � ': . `,
<br /> . linciu�ing ixnd�naeT m�zRO charge BorroK1er for holding d appl}ing th�F d,n�u;ilty an i)li nFthe r��n,��a«a u i.t�r -
<br /> E�cmw Items Y Ltab►c l��v em�its l.ender ta mal._,uch '.='�
<br /> � verifying the Escro�v Ite�ny.unle�5 L-ender pays E�or�o«�er intetrt un the Fund�anel app�� F
<br /> � � ' , a charge- Hauever.Lend�er ony`�u���Bloan unt�saappli�'�1�':i1h pr<nid��ttten�i e.�Unl�.�an tagnYm uin.n madc 1ur }'.'`t>
<br /> , used by Lender in co d (.,�nder sh:�lf not b:mr.��eirw!to pay Burruue�an}•interest or rarning.«n th�Fund.. '��"
<br /> re
<br /> • . . c � applicable la��requires intere5tto be pai • :
<br /> Borro«•ea and I.crtder rrtay agree in vmtjng. haw�ever. that inte���h�'f�b=Pa���n the Fund�. i.�:nder�hall Fe�fur��h�'tch�.ezh *�
<br /> �;.:.
<br /> without chacge.an annu:il aecounting of th� Funds,sha��i�nc�i�,n y t tt'all Sum+securd by�thi Secn iy In,trument. •�;
<br /> � � debit to the Funds�;as made.The Fnnds are pledSarJ a.� Iicable la��.L.ender tihall ac�runt tu Eurrower -
<br /> [f the Funds heid by Lettder exceed the:�r►�ani�.p�t:►'ttttx!tte b:held by app `��'.
<br /> -• Y� for the excess Funds in accordance ulth thz rzquirem:n��of cPp1�c'�yic!au•. IF the amount o!the Funds hcid by i..�titder at any � �.�
<br /> .` ,�, ' time is rtot sufficient to pay the Escruw Items when due.i.e�der may so nntiF}•Borrow•er in ariting,and,in such ca�e Burro�ser �Z:
<br /> shall pay to L en der t he a m o u n t necess a ry to make up the dc�ciency Hc�rrol3•er shall make up ihe deficiency in no more th:a► � _ -
<br /> � . 1 tvrelve tnont h ly paymen t s.a t L e n d e r's s o l e d i s c r e i i o n. �
<br /> Ugon payment m full of all sums s�cused by this.Svvnt;- i+��tcum°�t, Lender s h a l l prump t ly re f u a d t u B u r r o w e r a n y --_
<br /> v
<br /> Furcds heid by l.ender. Ii.,an�*FuParag*d e d b y L e n 3 E T�?ttnx i�ns�ut�.�nis ti n�oF sale as adcredu agam���che sums secured by � ---.
<br /> �€ of the Pmperty.slia!!a�P Y Y _
<br /> this Secunty[niwment. --
<br /> • .� • { • 3.A�pL�sation of Payments.�nl�ss applicabl�ts,��•prm�icl�s a1h�c+xis:.all payrttenu received bY bte underer p��'S � ---
<br /> 1 and Z ��rdi tre apglied•first.co any prepa Y m e n t c t�2 G a s duo un�ur rhe Nate:second.to amuu3u pay. P��
<br /> . �•f.� third.n�ec::e�est dae:fourth.to principal du�:an:i lwt.tn anp IctG c��arges due under the rIote. __ _
<br /> ,b, Char�es;L[ens.Borrower shall pay I ���2 ��eho d p y enu or�groundS1cenu.�f amu 'Lu�ma��er sharoll pay
<br /> ' wiuch a�y attain priority over this Security �1�,p�,if nsi paid in that manner.Borra�ver shall pay chem on ume direct1y
<br /> . �y�� ' t}:ese abli}�sions in the manner pmvidec!in p3ru�up ��m�s;�co I.ensler all notices of amounL to be paid under this gr:.�3�Ph.
<br /> � to the�c-n'�►oWed PaYment.Borrower s1ta11 Promp�1� ft��Promp�y�mish to Lender receipts evidencing the p-ay men��:. _
<br /> _. � . . �j ff Bor�v:v�r makes these paymencs directly.Bormc:e.s vT_
<br /> Borrower shall prompily discharge any t►en�tifiich has Pnonty aver this Securiry Instrument unle�s�arrower.la)agc�s in
<br /> • � '� writing to the payment of the obligation secur�b��ttie lien in a manner acceptable to Lereder,lb)�ntests�n Eaod fs�ith thc tien
<br /> '� . ,�•�� by, or defends against enfarcement of the lien in, legal prareedings whm�n�f�ery to L.ender subo�'ird nat ng the l�en ce
<br /> ' �`' eni'ara��nt of the lien:or(c>serures fron►the hoider of the���I pra r� is nib ett to a fi�n which may attai�Pn°n�s '�'"=�
<br /> �s gc��ui�y Inscrument.If I.ender d3.ermines[hat any part FPnI' J
<br /> • ,� i z.his Sciauity Inswment.Lender m3}•gire Borrawer a notice id�ntifying the lien.Borrcsr.-s�`lall sabsfy the lien or la�sz cr�:�r
<br /> E ` 1 ����;•�e actions set fortl�abave�vithin 10 da}•s��f.zhe giving of notice.
<br /> ' ' � g. Harard or PropertY lasurance. Bo��y�s' sliall keep thc impmt�Fr,.enu novs+�ezisting or cereafteh�sted�uding
<br /> p;���t�= insured against ioss by fire. hazards ir.:���ed wit4in the term "exter�ed coverabe" and any
<br /> ' .;:,;�• _ flaatils �3�:floaling.for whieh Lender requires i�dirar►�Th�s•��y�r h�l be chosen by����'N�5�J��da�s w�rp��
<br /> • thaz C.�3er tequires.The insurance carrier pro g
<br /> ' �vi►ich ��Hall r.ot be unreasonablY�vithheld. If Aortower failps to maintain coverage d�lroi�ove. Lender may. .� -t�
<br /> ` . T • � option,obtain coverage to protect Lender's righLS in the Pro ei'ry in aaordance wuh Faraa�r e clause. d.e�der
<br /> A14 insurance(�a�icies and renewals shall �n:,acceptable to Lender ani h1.a11 include a standard mortgag
<br /> . . ' ��1�i-eniums an t renewaltnoric�s fs+the event f loss.Borrowe�r shall gB e r3rompthnotjcero ottte,nsura:a:pt r+rrier����eTf
<br /> -- paid p
<br /> Lender may make proof of loss if►us�.znade promptly by Burrower.
<br /> � Unless Lender and Borrawer othenvise agcee�n wnung,insurance proc�ds shalf trc:�3�tied to restorarion or re�sr�f the
<br /> praperty damaged,if the restoration or repair is economµcalll�y�f b�b�s ned.the insurance proceeds h5a11 be app ed co thc sums
<br /> �� repair is noi economically feasible ar Lertder's security
<br /> _ ��,y secured by this Security lnst►umenn�0� sra notice fromdLender hzt the insurapnce trarrie h�s offered toe tt e a cla�am,then
<br /> . . property,or does rtot answer wnh y or to sums
<br /> `�•r` ' I.ender may collect the insurance praceeds. 1..ender may use the proc�eds to repair or restorz the Property !�Y
<br /> ` :._���-
<br /> s..-rr.•��� secured by this Securiry instrument,whether or not taen due.i'`ie 30-day period w�ll begin when the notice is given.
<br /> °�=;��„f"-*. Unless l.ender and Borro�ver otherwise agree in writin:�. any applicanon of proceecls to principal shall a�t�=�nu If
<br /> �'�s :==== - t ne the due dnte of the monthly paymea_�_^:ferred to in paragraphs ! and 2 or change the amount of the pay_ _
<br /> -�
<br />
|