|
�
<br /> i -°
<br /> .:_y , �, „.,.� � • --
<br /> �—- - � . � _ ____• �F....___ _ �st��s��
<br /> ..._. .._.
<br /> :��� . . , . _,._. _ � ... — - - �:�eW,.:�.
<br /> —_. .,� .i . � ,`r . . - -
<br /> y �
<br /> ��`, . _.� � �_....... ` •
<br /> _--,�,:r:-�-_�:--,�.� 91-�os�u r
<br /> -- -- Uwr+�nR►r CoveN�ro'rs. Bormwer�nd Lenda cov�t���o�loB�orrower thall promptlY WY when due
<br /> -' i• ���°t������� cnt�nd late ah�r4es due under tho Note.
<br /> =;: t6e priacipd af�nd interat on the debt evldenced by the Note�nd anY P�Ym
<br /> -- 2. Fn�ds for Tax�s pOI�. Subject to spplic�bk I�w ot to R w�itten wdver by La�dar,Borrower�b�ll paY
<br /> - -� p�ts are dne umler 1he Note.until thc Note ta paid in full.e anm("Funel+")eqwd�Q
<br /> -----` - w I.eader m tAa d�y monthlY WY� N1 Y�'�Y
<br /> -Y�:� one-twelfth oi: (�)Y�ly �a And asse�ments wbich may att�in priority over thi�Security Inetrument;
<br /> � leaiehold psyments or�round rents on the Property, if any� (c) yar�Y haz�M in:urancc prcmiums; u►d (d) yarly
<br /> --.� _ mortp�e in:ur�nce praniume,if any.Thae items iue cal�cd"e�crow itans."I.ertder�ru►Y atinute the Funds due on tha
<br /> --
<br /> � ----------_______� beYis dcurrcnt dab u�d r�o�wble atimates of future escrow tems.
<br /> �� � Tbe Funda shAll be held in an institution the deposits or accounts of which�re insurcd or guaranteed by a fedmd er __
<br /> �tate��rncy(including I.ender if Lender�such an institntion).Lender ahal�app�Y the Funds to pay the escrow items.
<br /> � __�;1 Lender m�y not ch�rge for holding aad applying the Funds,analYzing the account or verifying the escraw items.unless
<br /> �� Lender pays Horrower interat oa the Funds and sppl�cable IAa permits Ltnder to mAke such a charge. Borrower and
<br /> -,.,..k,
<br /> -- :,�. Lender m�y agree in writiug thet interat shall be paid on the���.e��ntere.g4t�or earnings n the Funds�.I.ender
<br /> ----�'``��-�-.• requirea interest to be�wid,Lender shall not be required to pAy
<br /> ___, o
<br /> "__' '�T`� �dl give to Borrower,wlthout charge,an annusl accounting of the Funds showing credits and debits to the Funds and t e
<br /> ---���. .
<br /> _ -- pury�ose for which each debit to the Funds aas mada The Funds are pledged as add�tional sxu�ity for the sums secnrai Y
<br /> -"-:'"i..'�'�:; �' tbi�9ecurlly]nstrument.
<br /> `=-�''y�Yry�'�• If the amaunt of the Funds held by L.ender.together with the future monthly payments of Funds payable prior to
<br /> �� �-v�` � the due dates of the escrow items,shall excad the amount required to pay the eicrow items when due,the excess shall be,
<br /> -----_��-.-•:
<br /> __—.. at Borrower's option,either promptlY repaid to Borrower or credited to Horrower on monthly payments of Funds.!P the _
<br /> �;,��-��}t� �� amount of the Funds held by Lender is not suflicient to pay the escrow items when due,Horrower shall pay to Lender any -
<br /> �—_..,���V�-���M amount necessarY to make up the de8ciency in one ormore payments ns required by Lender.
<br /> -;�:�:.�';�w,; . Upon payment in full of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower �
<br /> � l.ender shall a I no later -
<br /> pny Funds held by Lender.lf under paragraph 19 the PropeRy is sold or acquired by Lender, pP Y�
<br /> � than immediately prior to the sale of the Property or its acquisition by i.ender,any Funds held by I.ender at the time of'
<br /> - -�. ����. a plication as a credit against the sums secured by this Security Instrument.
<br /> �--''�'� � P 3. A liddon of Payments. Unless applicable law provldes otherwise�al�Payments received by Lender under
<br />- ' "�'°': _, , pRragraphs l a d 2 shall be applied:first,to late charges due under the Note;second,to prepayment charges due under the
<br /> - _,.��:...:
<br /> — Note;third,to amounts payable under paragrnph 2;fourth.to interest due;and last,to principal due.
<br /> - � ..s���,�,.. 4, C6arQea;Liens. Borrower s h a l l pAy a l l taxa, a s s e ssments,char ges,flnes and impositions attributable to the
<br />- '-.—:���`� �•� ,:, Property which may attain priority uver this Security Instrument, and leasehold payments or ground rents, if any.
<br /> �'"""' ' Borrower shall pay these obligations in the manner provided in paragraph 2.or iP not paid in that manner,Borrower shafl _
<br /> � �u�x��=�-� ' pay them on time dircctly to the person owed payment.Borrower shall promptly furnish to L.ender all notices of amounts -
<br /> ��-�� 'a_'__ to be paid undcr this paregraph.If Borrower maka these payments dircctly,Aorrower shall promptly furnish to Lendcr
<br /> .r°�—,;�°' �'` `�-'`. � � receipts evidencing the paymenta.
<br /> ,... �.�: Borrawer shall promptly discharge any licn which hns priurity over chis Security lnatrument u�less Borrower:(a)
<br /> '��.�� �:,y' ' � egrees in writing to the payment ot'the obligation secured by the lien in u manner acceptable to Lxnder,(b)contests in good
<br /> `;
<br /> : � '�'` faith the lien by.or defends egainst enforcement of'the lien in,legal praceedings which in the Lender's opinion operate to
<br /> .,� prevent the enforcement of the lien or forFeiture of any pan of the Property;or(c)secures from the holder of the lien an
<br />-^��'�=�(-, -' � `~ ` • agrcement satisfactory to Lender subordinating the lien to this Securiry Instrument.If Lender determines that any part of
<br />'��`,�a'�''' • the Propeny is subject to a lien which may attain priority over this Security Instrument, Lender may give Horrower a
<br /> ""� `'`'�` '!Y'{ notice identifying the lien.Borrower shall satisfy the lien or take one or more oP the actions set fbrth above within 10 days
<br /> ' � t ''�� ' oithe giving of notice.
<br /> ' S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br /> `-;.�.�w ��° •' insured agains�loss by flre,hazards included within the term"extended coverage"and any other haxards for which Lender
<br /> ����� �•-� . roquires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br /> '-�,r�� Mi�.` �`� insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shell not be
<br />-- •• unreasonably withheld.
<br /> ��.. . All insurance policies and renewals shall be acceptable to Lender c►nd shall include a standard mongege clausr.. �
<br />.'i5T Lender shall have the right to hold the policies and renewpls.If Lender rcquires,Borrower shall promptly give lo Lender
<br /> --_ - :� ' '�' all receipts of paid premiums nnd renewal notices.ln the event of loss,Borrower shall give prompt notice ro the insurance
<br /> - - ° carrier and Lender.Lender may make proof of loss if not made promptly by Borrower. �
<br /> R a'� ��- `'"� Unless Lender and Borrower otherwise agra in writing.insurance proceeds shall be applied to resto�•ation or repr.ir
<br /> <<s4�=:. —
<br /> �^,,,,� :��+� of'the Property damaged,�f the restoration ar repair is economicelly feasible and Lender's security is not lessened.lf the _
<br /> .:;.:' restoration or repair is not economically feasible or I.ender's security would be lessened,the insurance proceeds shall be
<br /> � f '� n lied ta the sums secured by this Security lnstrument, whether or not then due,with any eacess paid to Borrower. If F
<br />__,��.,;. �i. . . . pP•
<br />-.;;;. • _.,� , • - ° Borrower abandans the Propeny,or does not answer within 30 deys a notice from i.ender that the insurunce carrier has
<br /> • oflered to scttle a claim,then Lender may collect the insurunce praceeds.Lender may usc the praceeds to repair or restorc
<br /> • . the Propeny or to pay sums secured by this Security Instrument.whether or not then due.The 30�day period will be8in -_
<br /> when the notice is given. '�'
<br /> ' "' Unless Lender und Borrower otherwise agree in writing.uny application aPpraceeds to principal shall not extend or �,
<br /> n postpone the due date of the monthly payments referred to in parag�uphs I nnd 2 or changc the amount nf the payments.IP ;
<br /> ' ° - under paragraph 19 the Property is ucqwred by Lender,BorrowePs nght to any insurance policies nnd prcxeeds resulting f'�
<br /> from damage to the Property prior to the acquisition�hall pass to Lcnder to the extent of the�ums secured by this Secunty �
<br /> . .' . Instrument immediatcly prior to�he ucyuisition.
<br /> ' •. ' ^ 6. Preservallon and Maintenence of Property;Leaceholds. Borrower tihall not destruy,damage or substantiully (
<br /> change thc Propeny,allow the Properiy to detenorare��r commit waste. If this Securiry lnstrument is on a leaseh�ld, �
<br /> � 8orrower shall comply with the provisions of the lease,and if Borrawer acquires fee title to the Properq•,the leusehold and �
<br /> fee title shall not merge unless Lender agrees to the merger in wnting.
<br /> . 7. Protection ot Lender's Rights in the Property; MortgaRe InsurAnce. If Borrower fails to perfarm the `
<br /> '�� � covenants and agreements contained in this Security Instrument,or thrre is a legul prcxeeding Ihat muy significnntly affi�t
<br /> .._ n_____...i......A .. ...�.wlino in tiAhl�rumcv. orobate, for condemnatiun or �o enforce lawti or �
<br />"`-- LCIIUC��fl�l�ia �ii u�c a n.Fn.n� ��...... ..::S Y:'•.'-'_"'o-�- -- i
<br /> ` regulations),then Lender may do and pay for whs�tever is necess•rry ta protect the value��f the Pruperty and Lender's nghts '
<br /> in the Properly.Lender's a�tians may include paying any sums scrured by a licn whirh ha.priorit�� i�ver this 5ecunly
<br /> . ' Instrument,appearing in court,paying reasunable attorneys'fees•rnd entering an thr Property tc�m•rke repa�rs.Although
<br /> ' � Lender may take actian under this parpgraph 7,Lender dcxs not have to do ro. �
<br /> , Any amounts disbursed by Lender under this paragraph 7 shall become addiuonal debt of Bormwer serured by this
<br /> ,, ' � „ Security Instrument.Unless Bormwer and Lender agree to other rerms of paymenl,these amounts�hall luar�ntcrest from
<br /> the date of disbursemenl at Ihe Note rate and shall bc payable, u•ith intcrest, upun nonre fmm LrnJer to Rarr�wcr
<br /> •� requcsting payment.
<br /> �
<br />
|