|
:•.. 1 .�i+�sn"` ., ,I� �I L 'i�� t P!� ��^ � �.m -;. ��,'�+.� . . �_ �frytL .. "
<br /> " �. � ,• •... a • ..
<br /> ,_ . . .
<br /> ' i+: 1 _ � 0M eCl�iAllr.�!`h f4^'�1'd' � .c+�v �
<br /> �. s
<br /> �`. � 1 � iY.irr! � ���^ �� ywfl:tii.F..lir�..+�.rr+��- � ---� -----— ---
<br /> ,a4' 'Y''r" �. _Y:y�clr� ��i�8:��j�,�•I��,-� fY�i�
<br /> . a�e/af�.w _-1��
<br /> L tr rr�•'-• '_
<br /> • ,'.�,��t�l•�t.... 5 __-' _ `
<br /> -�..e,��.o-r..ni.:y,.r,..r�,A;i�_ .h r _ _ __
<br /> .�
<br /> ' � � �.;_, _ _ -_�-___.
<br /> "'y�Y�IYrA"psu°I`."_` - __ .. ...
<br /> . ..�...��. .�+.---.._...... .
<br /> �'
<br /> � ���- 102629 --
<br /> ; -
<br /> �;
<br /> � � UNIFbRM COY�NANTS. BoROWE�and Lender cavrn�nt and agr«�s followa:
<br /> `� ' x,,�� 1. Pay.e•e ot Pri�clp.l and laevau Prepa�ymene.ad[..ce Char�. Bonower ahall promptly pay when due ���
<br /> " �'!• � � the princi p a l of u�d interest on the debt evidenced by the Note�nd any prepayment and Iste charges due under the Note.
<br /> ...
<br /> . .'� .... 2. Fwids tor'fua wd lawnu�ce. Subjec�to applicablc law or to a wnuen waiver by l.en der,B o n o w e r a h a l l p s y �,__.,.,��,,�,�,�,�.
<br /> � ° to Lender on the day monehly p�yments�re due under Ihe Nate, unul the Note ix paid in full,a sum("Funds")equal to === �-•��-----= - - -
<br /> •'��� one•tweiRh of: (�)yarly tua and asse:sments which moy �tt�ia prionty �ver this Socurity Instrument; ib)yearly _
<br /> , laisahold p�ymenis or ground rcnts on the Propeny, if any; (c) yearly hazerd insurance premiums; and(d)yearly _
<br /> _ mort�e in:un�nce premiumt,if any.These i�ema�re c�lled"escrow items."lxnder may atimate the Funds due on the �__�,..m...�.=:...
<br /> T' bui�of aurrent dau+�nd rawnable estim�ta of flnurc esc�ow items. '`•-'�t{'�f��t.�-
<br /> �. �,,.�.
<br /> The Funds s}uill be held in an inttiwtion the deposits or accaunts af which are insured or guarentced by a federal or �-:-�..� �• � ^��
<br /> at�te��rncy(including Lender if Leoder is such an institution). L.ender shell apply the Funds to pay the escrow items. d��,'-�-=""`�"`""`�""
<br /> ,�;, I.ender m�y not charge for holdinQ and applying the Fuads,AnRlyzing the account or veriPying the escrow items,ueless 4�y�-,��s���;:_
<br /> • Lender psys 9orrower interat on the Funds and Applicable I�w permits Lender to msillce such a charge.Borcower and �• --
<br /> � .. I.ender may�gree in ariting that iaterest shall be paid on the Fuods. Unless an agrament is mAde or spplicable law '`��'`�`"'"'�"��.�
<br /> requira intenst to be paid,Leeder shall not be required to psy Bonower any iaterest or wrnings on the Funds.Lerider �y.�,�:Y �s"u:'
<br /> . . , slull gire to Borrower.without charge,pn anaual accounting of the Funds showing credits and debits to the Funds aad the � '�"�:_��:__
<br /> � � � purpose for which ach debit to the Fuads wn�nade.The Funds are pkdQcd as additionsl security far t6e sums secured by � . .�� ���
<br /> ttis 5ocunity Imtruma�t. ��� r;.:.,•,.•• ,.;:.
<br /> � ' h�}+.. .. .SY.p-._...
<br /> ,� If the arnount d'the Fands held by Lender,tagether with�A�e ta��ure mont�h�y paymencs oi�unds pAyable prior to ,,•f,,:;�J,.,.. ,,, ��,,�;�:,,',��T
<br /> ''"• + � ,: + , �• , �I `; tbe due daces of the escr�ow itsma,ahaD�eaceed the�unount requireta to pay the escrow items when due,the e�caa shall be. �.. � ,.�?��� ,.
<br /> it� r �' ` ai&irraaer's a�tion,either promptly rs�aadt�Bcrrr�nwer or credited to�orrower on manth9y paymen�s oi Funds.lf the '� ' � h'�,�fr��;.fs `
<br /> � `'`o'r , ';;,,,;,t�:�; amot�nt oT the Funds Ore�ld by l,ender is no1 su�'ax�ent t�o pay tQae esEraw items when due.8orrower shaN pAy to Lendsr any �i. � r i"`,t t�' a}� �
<br /> .,�;: _�,: . , �e' �'�'`;,�'�•�,,.;f:;:,..:'��
<br /> � .�:.�, � ` ..,..;,�, amount nec�ssary to m�ke up the aief�aiency in one or more pay�r►ents as requirred by Lender. , ��;�,,
<br /> � ��'•+�•� U n ayment in iull of all sums secured b ihis 5ecurit Instrument. Lendcr shaDD romptly reiund to Horrower ,�� .. ;r���;�•;.;;;�.,��-
<br /> • � `�'�� '` any fiunds held by I.ender.if under paragraph 19 the Property is sold or acquired by Lendor 1.ender shall apply,no iater i •. . �r.�;,;,g;};�ri^_
<br /> �,.�,��� " . �..,:t,t�::':` th�n immediately prior to the sale of the Property or its acquisilian by Lender,any Funds held by Lmder at the timc of � '':!'7���;"'=-
<br /> �• , . . . .. ., ,., --
<br /> �,��;•;'��r � •i' � � �pplication as a credit�gainst the sums secured by this Sccuriry lnstrummt. ,
<br /> '. .,�• ; � ..,.,;.:..s:�,:�.�:':.:;:,•,
<br /> �. •,,�}�.:<.'•,�• �••..•• , � 3. AppUdtloa of P�ymeob. Unles.ti applicabk laa provides otherwise,all payments rcceived by I.ender under ,.
<br /> .� .'_ ?.:r t;y�',r: ' .'. '. ...
<br /> �;, 5 pusgraphs I and 1 ah�ll be applied:flrst,to I�te charges due under the Note;second,to p�epayment chorges due under the � ^!'y�
<br /> Note;thiM,to amounts payable under patsgt�ph 2;fourth,to intercst due;and lact,to principal due. �,�'-,.-�d-��
<br /> —�-__- I.iens. Honower shall ail isxa,a�sessrnenie.�hoigE3,flnes and impositians altributable to the �-. ::_ . - =�'?- �'-
<br /> 1. C��r� PaY
<br /> � Prc►perty which m�y Attain priority.over tbis Secunty ln�trument, and leasehald p�yments ar ground rents, if any. ( : �
<br /> ' Horrowa stull pay thae obligations in the m�nner provided in paragraph 2,or if not paid in th�t manaer,Bonower sh�ll ! . �
<br /> • p�y them on time directly to the penon owed payment.Borrower shdl promptly furnish to Lender all notices of amounts �
<br /> ' to 6e paid under this p�ra�aph.If Borrower mdca thae payments dirxUy.Borrower shall promptly furnish�o Lender � ��;;:���•
<br /> recapttevidrncing the payment�.
<br /> " BorroMer shdl promptly diuharge ony lien which hta pnonty aver this Secunty Inatrumem unless Bor�ower:(a1 i . .
<br /> � + � � ��ea in writinQ to the payment af the c�blignio�saured by the lien m a manner accepwble to Lender;lb)contats�n good , • �
<br /> . fdth�!rc lien by.or defends�gainst enforcement of the Uen in,legai proceedingt which m the Lender's opinion operate to I � •�
<br /> " � . � prevent the rnfo�ament of the lien or Porfe��ure of a�y pan of the Propeny:or(c)secura from the holder of the lien an �
<br /> agramrnt s�tisfictory to Lender subordinatfng the lien to this Securily Instrument.IF Lender determines th�t�ny parl of �
<br /> 1 the Property is subject to a lim which may attain priority over this Secun�y Instrument, l.ender m�y give Botrower a _ ;,.•
<br /> notiee identifying the lien.Borrower shdl caiicfy the lien or take one or more of the ac[ions set forth abave within 10 days °�
<br /> ' of the giving of notice. ' `'"
<br /> S. Hwrd Inwraace. Borrower shrll kap the improvements now existing or hercafle�e�ected on the Property ; .. .
<br /> f � insured against loss by fire,hazards included within the term"extended coverage"and any other har�rds far which Lender � • •
<br /> • requires inaurance. This insurance shall be maimained in the amounts and for the periads that l.ender requira. The ,
<br /> � insurance carrier providing the insurance sfwll be chosen by Borcower suE;ect to Lender's approvAl which shall not be � :'�_ . .
<br /> •". , unreasonably withheld. � •
<br /> '� � ' All inaurance policies and renewals shall be acceptable to Lendar and shall include a standard mongoge clause. ;` ,
<br /> � ',,, •., Lender shall have the right to hold the policies and renewals.lf Lender reqwra,Borrower shall promptly give to Lender � .
<br /> . • .. all receipts of paid premiums and renewsl naices,ln the e�ent of loss,Borrower shall give prompt notice to the insurance � .. .
<br /> ;:.;.-���.,.
<br /> � cantier end Lender.Lender may make proof'of loss if nw made pramptly by Barrower. ; . .
<br /> � • Unlas Lender and Borrower othenvise agra in writing,insurance pr�►ceeds shell be applied to restoration ar repair �
<br /> "' oP the Property dnmaged,if the restoration or repair�s economically feasible and Lender's security is not lessened. If the � .
<br />� � ratoration or repair is not ceonomically feasible or Lender's security would be lessened,the insurance proceeds shall be
<br /> applied to the sums securod by this Security Instrument,whether or not�hen due,with any excess p�id to Borrower. IP
<br /> � , Horrower abandons the Property,or does not answer within 30 days a notice from Lender thet the insurAnce carrier has �
<br /> ' offercd to settle a claim,then Lender may collect the msurance proceeds.Lender may use the proceeds to repair or restore �
<br /> . � the Property or to pay sums secured by th�s Secunty Instrument, whether or not then due.The 30-doy penad will begin �
<br /> ( when the notice is given. �
<br /> i Unless Lender and Barrower otherwise agree m wnting,any appl�cation of pnx:ced��o principal shell not extend or
<br /> • I postpone the due date of the monthly payments referred to m paragraphs 1 and 2 ur change the amount of the payments.If
<br /> � . unde�paragraph 19 the Propeny�s acquired by Lender,Borrower's nght to uny mtiurance polic�es and proceeds resultmg
<br /> from damage to the Property pnor to the acqws�t�on shall pass lo Lender to ihe extent of the�ums secured by th�s Secun�y
<br /> , In:trument immediately pnor ta the ncquisiuon.
<br /> 6. Preserv�tion and Maintenonce otP�ope�;l.eateholds. Borrower chull no►destroy,dnmage or substantially
<br /> . 1 ..I....e.�6.D......NO ellnm rh�Drnrv.rtv en d���nnrat�nr cnmmtt waste. If thls SeCU�11� Instrument �s on a leasehold.
<br /> -. . .. . .�..p�..... ....�.�..��........ ...' '"r"'� •- .
<br /> � Horrower shvll comply wuh the provisions of the lease,and if Borrower acqwres fce title to 1he ProExrly,the leasehold and
<br />� � fa title shall not merge unless Lender agrees to the merger m wnt mg.
<br /> t,:.• , 7. Protection of Lende�'s Rights ia the Property: !�fon�Wee In�urance. If Borrower fails Io perform the
<br /> � cevenants�nd agreemer+ts comamed�n th�s Securny Instrument,nr there�s a IeKal proceedmg that may sign�ficantly aBect
<br /> '� � •'�t;'. . : Il,rnder's righ�s m the �'roperty/such as a prcxeed�ng in bankruptcy. probate. fnt condrmnat�on or to enforce laws or
<br /> , ';i: ,`.�`��.,: �
<br /> ,�, , •ti•..�, •�•,; ,: : �� regu1auons).then Lender may da and pay for whate�er�s necessary to protect t he�alue of the Propertp and Lender's nRhts
<br /> '�lt�';' � :�;� -'� in tP�e Pro�eny Ler►der's actions may �nclude Taya�ng anv sums secured by a I�en which has pnont} o�er this Security
<br /> '��' ��'! Inatra�mmt.appaeanng�n coun.pavirig reasonable ai�omeys'fees and emenng on the Prnperty to make repa�rs.Ahhough
<br /> . D.ender may fn�Ce action unrler th�s paragraph 7.Lender daes nst ha�e to do sr. .
<br /> ' Any amounts d�sbursed by Lender under this paragtapF 7 shall become add�uonai debf of Borrower secured by�h�s �
<br /> Secunty Instrument.Unlas Borrower and Lenderag�a to other terms of payment,these amounts shall bear mterest frnm
<br /> the date of disbursement at the Note rate and shall be payable, wnh mterat, upon notice from Lender �0 6orrower `
<br /> " requesting payment.
<br /> ' - �
<br /> . ,
<br /> . � _ _
<br />
|