|
; . . ::I' ',f. . . ., � . �.i - . ,'�`.!r;°':.t;;..���;, ���ir'��"7'f'�l �+�Y r�fcf�5���' .._+..
<br /> . , .
<br /> :. . : . . , - -- � . ' - �
<br /> . . _ . . . ..� . ,� � . , _
<br /> .
<br /> ' .w,: r.�1riK�• x,. •
<br /> ,
<br /> .
<br /> . . _ _ _.. ... � . '5:.4 r.,..�.... ..
<br /> . .� .__�. owi
<br /> ..
<br /> 1 �
<br /> - J . .- .�o ... -��wY,�MNtr.+/1�yKR ������'1'„Si...-•��'�i�+�bIVM'IY�O�M"1�^'�'i � ?�3P'-+''%M��•�-� i _�-. ___. "."_._____-"____.. _ .
<br /> t � --c c
<br /> . .� �. ' �{�r-Y�.�r , . "1, � . � .
<br /> ..
<br /> . .. ..� . . . t+� _
<br /> � y�� �. ,
<br /> ��q� e �
<br /> fi��7f.FM��I'a ".�j#I. - - . __ - —
<br /> .. - y.n�ti.�.���\..._.P.•i.. ..i�J= . . . , .....
<br /> ' � •.:�..._ _._ _._. __� ___ _�_ .,• . .._.
<br /> . . .
<br /> � � °�_'�'�+ - , ! ..
<br /> �_. . . ..w..m.�-..... _. . . � - _ — .. _ .. .
<br /> Yti-
<br /> � —.__- —
<br /> �� � . - �
<br /> �'{�_�i. ___
<br /> �' � 91- 10208�7
<br /> "•� .' •� � � UNIFORM COVENANTS Borrawer�nd Lender covrn�nt�ed aaree�s Pollaws:
<br /> , . ° • 1. P�y�l�1 Ot PNN�I�I�IAftfl��j P►f�ypllA�YII I�1!CIIKRlS. Borrc►wer shall promptly My when due
<br /> ^, ' ' the principal of and interat on the debt evidenced by�he Note rnd any prepsyment and la�e charQa due under the Note. �-� —
<br /> i� � , " _. Fwdi tor Tua�ad I�uanuc�. Subject to�pplicable I�w or�o�wntlen wwive�by Lender.Barrower shall p�y --
<br /> �^ � to Lender on Ihe d�y monthly payments�re due imder the Note, until the N�te is pa�d in full.a sum("Funds"1 aqwl ta �.�=�-1�----��
<br /> , •. � onatwelRh of: (�}yarly axes �nd assessmeots which may Attain pnonly over �his Securny instromeot; (b) yarly ��-�,,,'-- _ .��T�_
<br /> '+ Iasehold payments or ground rcnts on the Propeny, if any; (c) yeArly hazard insuraoce prem�ums; and (d) yarly __
<br /> � moM�a�e insurance premiums,if any.These i�ems are called"escrow nems."Lender may anmate the Funds due on Ihe �=-�= -
<br /> � buis af cureent data and re�san�ble alim�ta af Puwre escraw items. � ��^`�:�-�-
<br /> The Funds shdl be held in�n msuwtian the depositc o�accounts of wh�ch are insured or guw�unteed by a federal or ___ • -- � •'
<br /> at�te a�ency(including l.ender if Le�der is such an mstitutian). Lender shall apply the Funds ta ps►y�he escrow itemc. �r:��;=
<br /> La�der mRy not charge for holding and Applying the Funds,anplyzing the accaum or verify�ng the escrow items,unlas r•�.`';"=;�.:_� �_---
<br /> I I.ender pays Borrower interat on the Fu�ds a�d applic�ble law permits I.eader to make such a charge. Borrower�nd �" ' �'-�� - --�-��_
<br /> l.ende�m�y�g�ee ia writing that interat shall be paid on the Funds. Unless an agreement is madc ar applicable law � � ���' -
<br /> roquira iote�at to be paid,Lender shdl not be requircd�o psy Borcower any�nterest ar earnings on the Funds. l.ender � � . ~'�.�'�'�=-
<br /> :lull Rive to Bortower,without charge,an annual accauming of'the Funds showiag credits and debits to ihe Fureds and the '•� .'"��
<br /> ° • p�upoee for which ach debit to the Fund:was made."f'1�e Fwids ue pled�ed ati addiuonel secunty for t he sums secured by ' '" --"���
<br /> � thi�Sxunitylnstrumrnt. • •';`•.���
<br /> i 1" • ��T,
<br /> }, � � I�the a��ovnt of th�Funds held by Lender,togeelier arith the i'u�ure m�n�hly p�yments of Funds pavabk prior to _ -_
<br /> the due dstes o�the�scrow,:-ms,shall exceed the amount required to pay the escrow items when due,the eacess shall be. .
<br /> i at Borrower's option,either promptly repaid to Borrower or crcdited to 8orrower on mon�hlM paymen�s af Funds. If the • ����
<br /> amount of'the Funds held b Lender ia not suflicient to the escraw•items when dur,Borrc���er shall a to Lender a� i��"�""
<br /> Y PaY P Y Y '��:,�.:..�-...__
<br /> � � aaount necasary to mske up the deficiency in one or more payments as required b}Lender. , �.; ���.•
<br /> Upon payment in WIl oPall sums secured by�his Security Instrument,l.�nder shall promptly refund�o Borrower y;;:"�� R�
<br /> � . � any Funds held by L.ended.lf undcr paragraph IQ the Propeny is sold or acquirec�by i.endcr,Lrnder�hall apply,no latu ,' `R_...�
<br /> than immodiately pnor to the sak of the Propeny or its acquisitivn by Lender,ar,y Funds held by Lendcr at the time of `�� ar..� __
<br /> � ' application as a credil against the sums secured by lhis Secunty Instrument. -
<br /> � 3. Appliatloa af Psymeaq. Unlas applicable law provides otherwise,all paymenta rececved by Lender under ��� .
<br /> para8taphs 1 and 2 shs�0 be appliod:8rst,to late charges due under the Note;secand,to prepayment charges due under the � '
<br /> � ' Notr,third,to amaunts payable under paragraph 2;founh,ta imerest due;and last,to principal due. � � ,'.��';
<br /> 1. C6arQa;Liens. Borrnwer shall pay nll taaa,assessment�,charges,fines and impositions Attributable to the _„ ,, ti .;
<br /> � �toperty which msy attain priority.over this Secunty Instrument, and leasehold paymen�s.��r ground rents, if any. •''°l,+�, ;jF;i.�
<br /> t ,,;�`, Botrower shnJl pay theso obligations in the manner provided in pnragraph 2,or iP not paid in thAt manner.Hortower shap ` 1;;';; ,�;-_
<br /> ?�....
<br /> , � ,; . � ryy them on time directly to the person owed paymem.Barrnwer shaU promptly furn�sh�o Lendcr aU notices oPamounts •,,��;,..:,
<br /> '�'•'�:+,� to be paid under this pAtagraph,IP Borrower mokes these payments directly,Bnrrower shaU pmmptly furn�sh tn I.ender : �`�
<br /> � �::'. :•,'• � �eceiptsevidencing ehr PAymrnts. �
<br /> �,. .: , .
<br /> :, �,;,,.;.,; •,•'�� Hotrower shall promptly discharge uny lien which hs�s prionty over this Secunry Instrument unlrss Horrower.(a) -
<br /> ! •���;:' � ;°;. �, �ea in wr+ung to the payment of the obligation se�ured by the lien�n a manner aeceptuble�o Lender,lbl contests�n gond
<br /> faith the lien by,or defends ags►insl enforcement of the lien m,legal proceedings which m �he Lender's op�nion oExra�e to
<br /> �! '.�j�;:,, I prcvent the mforcement of the lien or forfe�ture of any pert of the Propeny:or(c)secarc�from the hulder of the I�en an �
<br /> � �� ,. ' agreement satisFactory to Lcnder subordmating the lien to this Security Instrument.If Lender determmcs that any pan of �;
<br /> "'„ ;;;' i the Property +s subject to n lien which may uttain prionty over this Secunty Instrument, Lender mny g��e Barrow�er n
<br /> ' '"�' , •. .� notice idantifying the lien.Borrower shall satisfy the lien or t�ke one or more af ehe acuons set fonh abave withm IO days '-
<br /> �- �� , oPthe�iving of notice. °���`
<br /> .,��,�,;..;� ,. .,:�j•, S. t➢aztrd Inwnnce. Barrowcr shall keep the�mprovements now existing nr hereafler erected on�he Property , ���.-
<br /> ��,. • 1 insured ag�inst loss by tire,hazards included with�ro ti�e�erm"extended coverAge"and nny other hawrds for which Lender '��:� � ,
<br /> '���. ' ;;; ' ,i requires insurance. This insurance shall b�mainiained in the amounts vnd for the penods Ibut Lrnder requ�res. The
<br /> �` irouraoee earrier prav�ding the�nsurance shall he chosen hy BOrrower sub�ect to Lrnder'a appmval wh�ch yhall nat be � =
<br /> �':;:�;•,�;�,�:' .
<br /> unreawnably withheld. .'�
<br /> ; I A�➢insurance palicies and renewals�hall be accep�able so Lendet and shall include a�tandard mongage clause. � _
<br /> ,. � Lender shaN have the right to hold the policies und renewala ]f LenQer requves,Borrower shall promptly give to Lender �,-
<br /> '���':�;.t� � a11 reaiPts of paid premiums and renewal notices.in the event of loss,dc�rrower shaU grve prompt noace to the insurance '. �
<br /> . ".,.. � catrier and Lender,Lender may make proof oP loss if not made prompl ly by Burrower.
<br /> .. �ti ;'��.,���� Unless Lender and Aarrawer otherw�se agree in wnt�ng,msurance proceeds shall tx applied to ratarution or repair �'
<br /> .� �' - ��''c o4'the P�opehy damaged,if the restorautin or repair�s econom�cally fensible and Lender's secunty is not lessened. If 1he �'
<br /> � �,' � �'� � rator�tion or repau is not economically feasible or l.ender's secunry wuuld be lessened, the msurance proceeds shall!+e , 1°
<br /> h• ''��'� � appliat to the sums secured by this Secunty Instrument,whether or not then due,with an�. ea:rss paid to Borrower. If -
<br /> ,, ,�
<br /> ,` ;'. • ' Borrower abandons the Ero�+erty,or does not answer wnhm 30 dnys a nouce fr�m Lender tha� the�nsurance camer hes , . _`
<br /> • ��;. �, off'ered to setde a claim.ifi�n Lender may callert t he msurance prcxeeds.Lender map use the procteds to repa�r nr rarore f:.
<br /> '.' � '' � the Property or to pay sums secured b�th�s Secur�tti�lns�rument,whether or n�t then due.Tfie a0�day�nod will begin • •;''
<br /> , when the rwtice is given. ' � ' � � '�
<br /> � . Ura�ss Lender and Borrow�er o�iharwist agree m wnang.an)�appl��aui•n�f pnxeed5 t��Tr�r,cipal sha�:not extend c�r �
<br /> (�� , postpone the due date of the monthly ray mrn•!s r�eftrrr�to�n paragraphs I antl:��r rhange the arnnurn of Nht rayments.!ff
<br /> : � • � under ra �a h 19 the pro n is ac uired b� Lzn�':r.Borrower'c n ht ta an� rocurance I�cies ana *nce�ds resulhn • !�r�
<br /> ,.�(;. Pa B P P� Y q B ►'�' C ' B
<br /> from damage to the Propeny pnor to the acqu:s�einr.+hall pass�o Lender t�thr rR�ent o(tht sums secured 2+y ehis Secunty ��..
<br /> ':��4�' ' ;ti��t�
<br /> , �: ,;, lnstrumem immedi�tely pnor t�th�a;�u�sucor..
<br /> „��,
<br /> , 6. Presenallon aod:11aio�ewance ot Prope�;Leaseholds. Hnrr�v►er tiha7;n^� �tstrnc,damage ur wbstanually ,;
<br /> chsnge the Propeny, allow�hc Prc^,trrty to de�en��nte c�r cammrt wa•r�c Id t���4�a;r;�� l��rrument iti un a leauhold,
<br /> � ' ..a. a.----'"'_--_tC��,::CD:C _..�.f h�....�... .. .+.�...�el�1i�rl�a prnn..rr�� �1��I�acrhnld and
<br /> � nVriVirci anaii�anojril���q Inc Y�vna�vna•n .uu . __�_". . .' ' 'r"":...__
<br /> { fa ude shall not merge untess l.ender agrees t��the mergcr�n w�nung �
<br /> � 7. ProtecNon of Lender's RlRhts in the Property; lfortaaRe Insuranre. If Horrower fads io 4xrform the �
<br /> icovenants and agraments contmned in ih�s Secunt�In.trumrm.ur t here n a legal pnxeedmg that may�ignthcanNy aflect �,
<br /> � Lmder'a nghts�n Ihe Property Isuch xti a pr�kecdmg m bankruplcy,pr��batr, f��r�ondemnanun�r to enforce laws ur
<br /> I regulanons),then Lendcr may do and pay for w�hate�a�s nere+wr�•t�+pralc.l t he�olue��f the Pm�xrt y and Lender'ti nRhts �
<br /> , in the Propert>•. Lender's ncuans ma>• include�a�ing am wms �rrureJ h� :+hen which ha�prionn o�er 1hi�Secunty
<br /> • InstrumrnL appeannR m rourt,pa}•mg reaumable attorney.'(ee,and entenng��n the Pn.pert�ta make re�in Although
<br /> l.ender may take acuon under this paragraph 7.I rnder due�nut ha.e to du.o �
<br /> Any amouMs d�sbursed by Lender under th��paroRraph'.hall hec��me addmunal deht af Rrrrower�ecured by��his
<br /> Socunty Instrument Unless Borroaer and Lender agree w��ther term���f pa�mcnt,these amount..hall{�ear mterrst from
<br /> the date of disbutsement a� the !rote r.�tc and �hall he rayahle, with �mere��, u�m nuure Uom l ender ti� Fi��rrower
<br /> � , requapng payment
<br /> i
<br />. � � -
<br />
|