|
.
<br /> - - �. ' . . T • . , .. .
<br /> -�i.._�..»...�..... ° � ' ti � 11 •..__"" ...�.""__... ._...t.. ._.....'_"'_'""'_"_'__'
<br /> __.._ _.....- '"'._ .. �. . �. . n. . . ..,
<br /> �., . �. 99� �c����� .
<br /> {30RRt)�VER COV�NAN't'S that Barrow'�� is IawNlly seised af the estate hcrcby conveyr.d nnd ht�the dQht to � �:•�
<br /> a�unt nnd canvey Qie Pr�aperty c�nd that thc PrapcRy ls unen�vmbered, except for encumbrances of record. Borrowez ;,._
<br /> warn►nts tutd�villdefend gencrnlly tlic tttle to thc Property ugelnst nll clnims and demunds, subject to nny cacumbrnnces .n,`:�=
<br /> _ . of ncord.
<br /> � THIS SECURITY INSTRUM UNc n�`�►�n��orm secudty insf�tnunent�cod rin8 retil Pro�pefrt� �venonta with -.
<br /> lim�itec! varintiona by)urisdiction . .
<br /> u`4:T:.:
<br /> �, f;, ; UNI!'ORM COVENANTS. Bomower��d��o A��er sh�l1 payl yhen due the principal of,and intoeest �-
<br /> __- ' 1. P�+u r.a t of Pria�ct�. 1nte�si �' "";_
<br /> � ',��.,,. ; on.thc; debt evideac.ed by the Note nnd lete cherges due uu der�e��Wer sb�ll include in euch ntoathly paymcnt. --
<br /> :� 2. Mant�ly P�aWsa= of Taxes.In4aasaoe.esd OlLer i�arg �'":
<br /> together with ttte principal aad interest as set fortti in the Note and any late charges.a sum gor(a)taxes and special ` �;,-�
<br /> �sssasments levied or to be levied agaiast the Property�(b)�easehold payaseats or gxound ►�cnau on the Pcoperty, and -
<br /> s -
<br /> (c) prem�usns for iruuranAe required under peragraPh 4. ln any year in which the Leader aaust pay a cuartgt�e .
<br /> � mi
<br /> _ } insutaAOe premium to We Secretary of Mousing aad Urb�nn Development (°Secmtary").or fa any ae�r in Wshnll al o
<br /> if Hxnder stlll l�eld the Secuciry Insuument, each monililY P Y� �r::.-
<br /> ; psemiwn woWd luive ueen re9vlred e in5urauuce p�aium to be paid by L,ender to the SecretarY, or(fi)a ,-
<br /> ° � ittclude etth�r. (i) a sum for the uanual �°rt��8 remium if this Security Instniment is held by the Seccetary. in A �°
<br /> ., monttily cher6e inst�+d of a mortgage insuracce p _
<br /> � E t for the moatWy charge by th�Secretary. these items `_
<br /> ,-:, � reasanablc amfluat to be determiued by tde Sxretary. acep ="a.
<br /> are called "Escrow Items" an� the sums paid w Lender are called "Escrow Fuads." ate amount not to exceed the 3"�`�'
<br /> :� � .�' L.e n d er m a y.a t e a Y t l�. c o U e c t a a d 6 o l d a a a n u n t a for Esarow Items ia an uggre8 �!;;�.:._
<br /> � maxiinwn a�nount that may be raluired tor Homnwer's escm�v aecount under the Real E s t a t e Se n lems n t 1 P r x e d u r e s �;r-`�,:
<br /> in �
<br />��• . . r Act of 1974.12 U.S.C.$2601 et aen.end Implea�endng �Auons. 24 CFA Part 3500.as they may be eatendt�d faoma
<br /> .�,, p time to time("IiFSPA").except that the cushioa or reserve peraaitted by RESPA for uaaaticipated dlsbutseiuents ar i;:��'
<br />-� '"�` disbut�e�nte befone the Borrower's paymeats are available in the account may not be based on aaiaunts dua for the
<br /> :�, ,�
<br />-;; ca�ortgage insurance premiwn. tted to be held by RESPA. I.endar shnU ._. _
<br /> �:� . if the nmoaasa held by Lendsr for Escmw ltemq exc�d the nmounts prrml , -
<br /> 6 RESPA. If the amounts of fuutis beld by Lender at any tim� ,.,�_
<br /> ,`� : , awouat to Borrower for t he eacess ti�ads as �e q u i r e d Y �:_--
<br />_>>
<br /> ., .,...:� �re noi sufficlent to pay t he F scrnw I t e s�w b e� d u e.L e n d e r t a a y nou f y the Borrower �md require�orrower to
<br /> .; u�y� AQP. flll Qermitted by RPSPA. _—
<br /> <r � .r,�-` '1he Escrnw Funds are plodg�ll as aa9didoaal secur�ry for ali swas secu,oct�y ttzts�cxurlty Ias�u�nt- [f Boerower
<br /> � ' tende�s w Lender the tWl paymEn'c of aU such sums.Bornower's accouat shall be credttal with tho bsilnace remnining
<br /> +. m
<br /> '�' .. � ` � for sU installaaeut items(a).(b).and(c)end any mortgage insureax premium installmrnt that L.ender hos aot br.come
<br /> '� cefiutd any excess ft�nds to Bomo�ver. Ima�ediately pdor
<br />:� .� � obli�ated w pny to thr Secretary. and Lender shall pmmptty .
<br /> '�'". �, ;; or ita uc itlon by Lender.Borrower s account sha11 be croditerl with any b�taace
<br /> ��,..:.. _ . ... to a for�clasure sa1�of the PiapertY q��
<br />}4 ,.. remaining for aU instaUments for itans(a). (b). �n.d(°)• hs I and 2 shall be appUea by I.��ir� us follo�t�s:
<br /> �..: ; . or pry�. AU pay�saents under pan►S�nP
<br />�c•.:•:�•;�� _.
<br />=�;�,K:���.. �+I fS .t�a�rtp,age insurance preaaium w bepaid by Lender to We Secretfuy ar w the montEly charga by e
<br /> _. SecreteuS+ inst��t4 of the montLly �artgage insurance prrmiiun;
<br />_,..�,.. :.
<br />;: S�C�ND w any taxes.special ass�nts. leasehold payan�ts or grouad rents.and tiye�Aou�and othor
<br /> , , , :�
<br />�+:�,t��:;,_.�' � uired:
<br /> —._._.._ Inswrauoo preaniums. es re9 . ,
<br />__�i.e�;r,��;,,� THiRD� m iaterest due nnder the Noto; of the Note: aad
<br /> "o-'�"""���'� .�,p RTH� to amortizatton of the priacfpal
<br />����
<br />=r=.no_� �� co late char8es due under the Note. �mower shull iasure ull improvemen[s oa the Property. whethcr
<br /> ��r;�:�;:' 4. �,g�i and Otbet I�aau�Ia4utmce. -
<br />'•.�`'' erected. a�nlnst any hazatds, cnsualtIes. and coatingeactea. iaduding flre,for which .
<br />� ."� :.;' n�w in exicteaoe or subsequentlY
<br />�z=..1��,:.�:�. . • Laadcr requires insuraIIOe. 11�a inswanca sl�all be n�aintaiued in the amouuw and for tke Resiods that Leader --
<br /> y�,..�:.�`�. whether notv in existencc or subaDqLeatly
<br /> t;a�.:.. cequires. Bonower shatl alsa i�nsure ail i�nprnvementa on the Pmperty.
<br />_�;�;wr��f�,���`�a loss by tioods to t�►e ext�.t re9uired by the Secretar�. AU iasurr�ace shEll bo canied with coa�.'►nies
<br />-�r,�„_,�-� e�� �� ucie�aad any renewals Shall be held by Lender ead sha�1 i�clude loos payable
<br />� appmv�rl by Lea�de�. 'the insuru�cce pu -
<br />__�"?�"�`*'�` c1�::;r ia fmvQr ef.�..+� ;r a fnrm acce.pv►ble Uo.T.ender. rrrnf of 1a�:if aat
<br />_� -�� .. �__.... • s»°.n,.:.,a�Pr immYtiate etotice by maii. Lkilde� insy� i� --
<br /> _�;�i'�..�.��' lII tQB evwi w tVaS•„v.....1=: p-••
<br /> _;°.1,�JF;p, made pmmptty by Bomower. Each insuraince aompany concemed is hereb} authoritied and dir�cted froalce��� -
<br /> for surL losa d�rectly to Lender. instad ot to Borrower and to Lendec Jolndy. All or anY P
<br /> . . .' ' �..::� p liod by Leader, at ita opt�on. etther ta) to the roductlan of the indebt�edaess annder thu Note and -
<br /> . ...'�; roceoda cuay be aPP h 3.and uE�en to prepaymes►t
<br />- . � a� this Securin+Ias�u�nt, first to any ddlnqueat amouat� applied ia the order���on of�e pr�ads to the
<br /> � , ,� � of printi p x l. or N) to We ratoration or repair of th� dam�ed ProPertY• _4
<br /> .�"�'':,. priadpmi shalt not eA[�d or pos�on�ths due date of Qhe tuontlily paya�ents whiris ure referred to in pnra�It 2�or _
<br /> ,�;,,�,:��,<<� ts_ An e�cc�ss iasurnaoe Proceeds over an umow►t cequired to pay all outt��dng -
<br />- : .,,;>�� , change the nnwant of such pAymeu Y _-
<br /> . � iudebtedness uadtr the Note aad this Saaulry Insnument shnll be pafd to the endty te�ily endtie�l�t����
<br /> -. in the evenu of foreclosure of this Sec�titY Instc�at or other uanafer of tide to the PropertY �,._
<br /> th� imdebt�duess� all right. dtle aacD interest of Bornower in aad eo iasurance policies ia forve shntl pass to the ��µ�
<br /> _ . . purch�.aea. ��y� ond �adactton of ihe P�opatY: Borrow�'s Loan App�ian: �°',�
<br /> - `� e Q'9 uam]L`{t_ �V�Ol1. __._ t .eosdn.w+ uriehtn si=tvd3vs
<br /> _--_- ,�____� �oh Bor[nwer ahall occuPY.establish. and use tne e�ropeccy as nom�:o. o N�.•�ep- • ••------
<br /> ufter the exeaation of ttas Secudty Iasuu�eat (or wichin aixty days of n luter stile or trnnsfer of ths Property) and sbe�1
<br /> coatiaue to occupy the PropertY es Boao�ver's principal cesidence for at lea.st oae year aRer the dato of occupaney. :
<br /> ualess Leader detemiines tha� recNir��t ��� �� �due hardshtp for Borrower. or unlcsss eatenuating �_
<br /> - � ��rcumstances e�e(at whicb are beyoad Borrower's oontrol• Borrower sha11 notify Lender of any eatenuutin8
<br />_ ' �
<br /> j„ N�1tA�ll�+fiA Dffi��F'RtU3P p�ge 2 of 6
<br />-= aoa�r. snuna.�T �eam mvisat
<br /> - .. ' �, ,.
<br />
|