|
{ � s . ,'� .. . rr j �
<br /> �! -. . . :. . � _. _. , .. , - ' : s`S .:g.. - .
<br /> .i �
<br /> . _ �_ .
<br /> . � :
<br /> � S.� r- . .� -�`•'� `�
<br /> i:._ __.�� �_..� _`�.�.. a,.-ty..-av� . . ._? � .�--t,z-
<br /> ,
<br /> . .
<br /> ���
<br /> ..��__t_.i _ _ .. ��'_ � ...,.._
<br /> • _-- . ..." '�.....' �_'..�..��._-.� . . "" "_' ' �±y�+�R�"t�Y3w��'__
<br /> • . . . . '7f`__�:a`:S.'___
<br /> � � r �,�� � tequirea interest to be Qaid,Leader shall aos be required to pay�orrotver aay�iatcs�st or eaiaingg on th+e Fhn�.8oirower ead: .�. ----
<br /> t .~ Lender mag agree in wiiti�however,that inte�st s6a11 be paW oa tIIs i�l�ads.Lendss sLallg�ve to Borrutver,wi4haut�� ��`� �.,��
<br /> ��:�:�� an annua!avcoua�of We F�nds,showing credits and debits to the Fltatis aad the puspose for�eh eacB debit to the�nas _�� � �,�_�°= --__
<br /> . . . � aras mad�.Tha Funds are pledged as additeoaal security for all aums secured by this&eauitx Insa�umenL .; � - -
<br /> . �_ , � _
<br /> - . `° � U tha FUads hetd by Lender eaceed the amounte permitted to tie held by ap�l�caDle�w l.en�er�aU�oount to Horro�+ie for �r � �,� w
<br /> `.•� �°,:° � � the excess Fundg ia s000rdanae witb the requ'ucmeats of applicabte la�v If tT►e amouat o�the Ftmds heW by I.�ades at aay�e� � -. . �'• � rhx �
<br /> � . ' � . . is nut su�13deat to gay the Fscraw Ttems when du�Leaties may sv aotify Sorronrcr inarittn�,aad,iri suc$case Bonawer ebu�ll , `�: �R �''?�'�."W`�.:.
<br /> , . ; � • ' � pay to 1.cudec the amouat uecesatuy to make�up e ztefideacy.Boiroarer ehall ma�e up the defic[eacS►Ia ao more fhen d�velvo ',� s`': h::;�7 `""'°°'
<br /> ea r
<br /> monthtypayate ati.eades'ssoledi�o�. � , - •,=': -�_
<br /> � �s` s.��.�
<br /> • .a . ct- .��
<br /> .. : � � lT oa payn�nt in fidl of all sums secured ythis Security instrument,Lcadcr s6alt � 3ty refuud ta 8ormw�an F1�ada: � ��4-: �_
<br /> "r;\, ``:' � p y �� <,�+ .ti'��..°'
<br /> � � he�d by i.euder.If�tnnder ara�a 6 2!,Lsa�sr sdaltn�quue or sell the Progsrty l�ender�prtar to tl:e aoquisilioa ur sa[e of the� ��. �
<br /> � � ° � �P��aPPjY�Y�da�etd 6y tebder at t�e tiiae of ecquisiHoa or safe as a a:ed'it a�iast the sum4 secured by tl�is �r;;;,�<:..-.:...n: - ...���
<br /> ' � Secunty ia5tn�eai. _.. ,
<br /> � 3. AppllcAtion oi Paym�ta Udess applicabie taw�traovides othesa�ise,all Pal+meWs received by Leader uaiter para�ap fis i aad_ � - =
<br /> � ;�' � • � 2 s6al1 be apglied:Srst,to any�repayment chatgss due tmder the Note;seooad ta em.ounts payab2e under garagtapL�tLird, . _ t� <,• :
<br /> � ' . to iaterest du�fonrt6,to principal due;audlast;tdeny late cbarges due undertLe Note. �:-� � ��: ;
<br /> . ' � 4. Ct�ge�,ldeaw Borcower sball pay all taues.astessraents►c&ar�,fiaes aad impoutioas attn�utable to the Pr po erty which ' ,': �,. -2�y'.'_+?�;
<br /> �_- � � - -�--�
<br /> r� . � ma�r attain.�tiority over this Secuniy Instrutasat,;and teaseho2dpayments or grouad rent�,if any.Bnrrotver st�allpap these ��..� . �. `�;�•'`.;
<br /> .. obl�tians m the manner pmvided in garagrapic2,or if aot paid m drat manaet,Bomower sLa11 pay them on fane dir w `E;-��`�:: :::;�;�;s.,,-
<br /> ' ' the persua owed payment.Boimwer shall pmmptt�f�rnisL to Lender all notices of amounts to 6e paid under this Fa�ragi�.If . �. : :�,
<br /> " ' Bomower makes these a eats Borruwer shali fumi56 to Leades re the a . `
<br /> ;' ' � . P Y� �9� P�mP�Y ��� F Y�� ... ,,�: �`'�
<br /> Botraater shall promp8y discLarge a�ry lien whict►Las priority over this Secun'iy �ag�rees _ .::.._ :
<br /> - y ` , Ins�i.tmlessHorrocver. (a g�r ia ';��'-`���_','�:�'='.::.;•_.�.--';.
<br /> ', _,�.:. �. ,a'?"�:°,��'.•
<br /> arriting to the payment of the ob�gation secared by the lien in a ma�ner sooeptable to i.eattes;{bjoontests in good fa�th the tiea K>;::;,>."�`,�:�;_..: -..r,:.r
<br /> .si ,: � by,or defends�a�t enforceme�at of tHe lieu�Iegal proeeediags wtucb in the Le�s aginion op erate ta preveni the � �-'���-----
<br /> ;; .= enforceme�of tfie liea;or(c)secures from the holder of the liea an agreement satis�ctory to L�eudsr sobord'matiug th��ea to .: -- --=
<br /> . ; , this Secaiity Instrument.If l.euder deterrmiues that atry part of the Pcoperiy is sa6jed to a�aa wbich naay attain prim�r aver ` ,; { - -
<br /> � • --
<br /> ;�:. ;; this Security Instsnment,Lender may Horrower a aotioe identiEy"mg the liea.�aaower s�1 saEisfy the tien ar tage ane flr - �, ���
<br />_ �� more of the adioas set fortt�above�iQ days o€the giviog of aotice. �',",.�=�-�--.-',��-__-_�-
<br /> :,?� �; �;:�:-:;;•--�:-• -
<br /> ° }' S �ad or Piroperty gnsme-,c��Bar�ow�r s�alt�i the im$rovements now�g ar�.erectedE c�the Prope�ty �'� : 2 _.
<br /> ,� ; iaswed loss by fir�bardrds induc3ed witL�t�e tenn eateaded covera�e and aap adt�a hazardS,i�ading$ood5 ot ; � -
<br /> - �.- . ttooding, or which Lender reqaices.�ce 17ris insucaace s6all 6e mainta�d ia We am�aitnts and far the periods that �`, _`:,
<br /> ,,. .-�: . l:;�� -
<br /> � : � ��'': Lender�rcguires. The ce�ia� viding the insurance shalt 1re ehosea bq Boao�a'subject to Lender's approval _
<br /> imm�an '.
<br /> �' i . Y:, • which sball aot be unreasoaabIy a�k�if Borcower fa�to maintain coverage descdbed a�e,Leader may,at Lend�s .' -
<br /> � � . ��•� ' option,obtain covecage to ge�oted t.eader's rights ia the Property in accoidance with paragrapb 7. � �
<br /> r'"� All ia�uance poliaes aad reaewaLs shall be acce 2e to Lender and s6aU iaclude a standard mortg,age danse.I.eader shall ��-
<br /> t � ,,_�,, .
<br /> �.t.,;� � . �
<br /> t�'�k � hava the right to hold the poliaes and renewala If Leader requires,Bo.tro�ver sball promptly g'�v.ey to Lendef a11 receipts of pt�id �� ��"
<br /> �;�..�: � �
<br /> c : . .:,;,•, prem�ums and renewal uotices.In the event of�loss,Borrower shall gae prompt.notice to tL�u�s�aaaee carrier aad.L�eader. `:°;..,�_� __
<br /> - I.eader may matce proof of loss if not made promPtl!►bS+Boaower. ' � ° —
<br /> .. j , •��,`� . . ; �t .K�;
<br /> �; ; . . Unless Lcnder and Borrower othecwise agree.in writing,iaswaace psoceeds sLall be appliat'td restas�a�i or sepair of the �;.�._-:«,;
<br /> �< , Ptoperty damaged,if the restoration or re�a�r is economicalty feasi'ble and Lender's secunty is not tes�es�:�r the tsstoratioa '>:' --
<br /> �� ar repav is not ewnomicalty feasi'b2e or Lendet's security would be lesseaed.t�e insuraace pmceeds�PraIl�applied to the ��;,,�'a:�-�
<br /> � •° ' '�'<:� � ;, s u m s s e c u r e d b y t h i s S e e a u i ty I n s t r u m e a t,w 6 e t A e r o r n o t t h e n d u e,w i t L a a y a c c e s s p a i d t o B o u m v R r.II€��r o z r o w c r a b a a d o a s �r`�u��
<br /> . Ihe Property,or does not aa�wer withvs 30 days a notice from Lender tLat the iasuraace carrier has offered to seitie a daim, '�� �._..
<br /> then Leader may collect the insuraace praceeda.l.ender may use the praceeds to r au or restare tLe Property os to pay sums °-
<br /> se¢uted by this 5epuity inccrnme�+3,w5e.�ixcr or not then due.The 30-day period e - ' wlsea tha notice Is�vea. _-�
<br /> . ::;�;r ti,= -
<br /> . • Untess Leader and Borrouer otHeraisr agree.in wr3ting,aay ap lication of p:aceeds to principal shaU aot extend or po�stpoae " '�";• �-
<br /> l5'°
<br /> � Ute dae date of the raontlmly payments sefen°.d ta m �saragrap�s 1 and 2 or change ttte amount of the payments. 7f undee `�"z"��
<br /> �� ' � � h 21 the Pto e u a °�" 'h �.ender Boaower's ri g i rt ta an y insnrance potides amd praceeds r e s W t�n g fram `��:-��"`
<br /> '.� Pa�P P �Y. � 9�.. .. � `� -:,.
<br /> ;,. � • damage to¢I�e �'roperty prior to t�e z�uoa s�pass to txndas to the extent of tIIae st�os secnred by thls Seceraity �;.�'?�t''_
<br /> � t
<br /> ��•=li Instntment immediately psQOr to the acquis�tcon. `'�'•�*•"�^�
<br /> ' � 1►'daSntenance aa� Paot�iaa aZ �e Pro ��rrawer's II.�s� Ag�tSm�ioaZ Leaseholds. .r�::..��.SC�'---
<br /> .; • - 6. Occupamcy. Pceservuuou. PeK9+
<br /> ? ,' • Sonotver shaU occupy,cs€ablisL,.and use th�..Propertg as Bonower's prmc�pat resideace witt�sixty da�3 aTier the exeeution '�=.;�• • '"'
<br /> ;� �:;;; ��, of this Security IAStrument and shall couiinuct to occupy the Property as Borrowea's pricagai residence S�at least one :�'.;���-::;�_
<br /> attor the date of occupancy,untess L.eIIder othenvise agrees in writiag,which conseat sh2ll not be unreasonably wiWhe2 os '���"::';:;;.
<br /> � uale�s exlenuaGng circumstaaces er.isc wTeich are beyond Horrower's wntrol.Borrmwer shall not destroy,daaea�e or impair the . '
<br /> '��:�:1:;`=
<br /> ' ; Property,allow the Property tv detcriucate,or commit wasto aa the Property.Borrower shall be in default�t au�r forfeituce ,,�;,:;:�::_-
<br /> � actioa or praceeding,whether ci�il or criminal,is beguu that in l.ender's good fa.*cfi jud�ent could result in forfeihue of the ': .."
<br /> • Property or otherwise mazerialty imgair thC Gen created by this 5ccuriry Instrt�meat or Lender's security interest.Borrower may �' '�' ����
<br /> � curo such a deiatilt and reimstate, as provided in paragraph 18,by causing the action or proceedin$to 6e dismi.csed arith a : -Y-
<br /> _ •,5 ;. , ruling that, in Lender's good faith determinalion,precludes forferture oi the Borracver's iaterest m the Proper��ty or other - ��,___,_
<br /> ;� �� m a t e n a t i m p a i r m e n t o f t h e li e n c r e.�t e�by t h i s S e c u r i ty l n s t r u m e n t o r L e n d e r's s e c u r i t y�t e r e s t.B o r r o w e r s h a ll a l w b e i a '��`�, .,:.,.,�,�,,��,�
<br /> t � : . �� default if Bonower,durinp the laaa agpUcation proccss,gavc matcrialty falsc or inacwaae�e informatioa or statements to � � :�::}����.,,.
<br /> ' ,� .,.�
<br /> ' Lender (or failed to provede Lender anth any material information) in cnanectioa witb the loan evidenced 6y the Note, '� ,,,_. , �. ,f
<br /> ' inclutl'ing,but not limited to.represcntations coaceming Borrotiver's occupanc�r of the Progerty as a priacagal tesideace.If tLis ' �" �4�'�- �
<br /> ' t ' .' Secutity lnstrument is on a tcase6old,Ba rrower shall comply with all the provisioas of the lease. If Bor�►gr acquiras fee titte : � � �`=+.`'�
<br /> ;. to the Property,the leaschatd and t2ie f�e tittc shall not merge ualess Lendcr agcees to the merger in writiag. ' . ' �'�,;�;.�
<br /> �. Peotectioa o!Leade�'s ts nn Gke @t� e If BOffOWCT�81L4 l0 perform the covenants aad a eemenis contained in Wis �`%��''��
<br /> � 0 �3! � � �:`
<br /> , Security lnstrument,or t�ere is a legai proceeding that may sigaiRcantly atf'ect LeadePs rig6ts ia the Property(such as a '`'�°
<br /> pruceeding in bankruptcy,probate,for condemnation or fotfe�ture or to enforce laws or regWat�ons),then Lender may do and
<br /> pay for whateves is necessary to protect tho value of the Properiy and Lender's rights in the Froperty.Lender's adions may
<br /> � iaclade paying any sums securcd by a Gen which 6as priority over this Security Iastruiaent, appearing in eourt, payiug
<br /> �'t ' rcasoaabie attorneys' fees and eaterl�g•on the Pruperiy to make repairs. Althou�Lender may take action under this .
<br /> ; �. pare�rap6 7,Lender daes aot have to�io so. '
<br /> . '�� � My amounts disbursed by I.endor undor this paragraph 7 shall became additioaa!debt of Bonower secured by this Se� . �
<br /> ;�. lnstrumcat.Unlcss Borrowcr and Lendor agrec to ulher tcrms of paymcnt,thcse amouats shall beaz iaterest from the date o
<br /> ,,' , . digbursement at the Nutc rate and shnll bc payablc.�vith intcrest,upon nodce Gom Leader to Borrower requesting paymen� .
<br /> i ' 8�. MaN$age Insurance. IE I.eadcr requieed mortgage insurance as a conditioa of making the loan secured by tLis Security '
<br /> 1�., � � InsUUmcn t, Borrower sLall pa y the premium�s re quired to maintain the mort g a ge iasuraace in effect. 1�fos an y r c a s o n�the � � ,
<br /> , ��� , mortgage insuraace cover�age required by Lender lapses or ceases to be in effed,Borcower sLalt pay the�remit�s required to
<br /> �"- obtain coverage substantially equivalent to tfle murt�a e inswaace previo�y m etYed,at a cost substant�aUyr uivalent to ttie �
<br /> ec�st to Borrowes of We mortgage insurance previo�y in effect,from an alternate mortga�e insurer appr�by Lender.If
<br /> e;� � . substantially cquivalent mortgage insuraace coverage is not available,Bonower shall pay to Lender each month a sum equal to
<br /> � �' � onc-twelflh of the yearly raortgage insurance premium bciag pa3d by Honower whea the insuraace coverage lapsed or eeased �
<br /> 1:� �-� to be in egec�Leader wiU accept�use aad retain thesc paymeats as a toss reserve�n lieu of murtgdge iasvraace.Loss resecve �
<br /> � payiaents tnay uo longer 6se tequued,at the option of Leader,if mortgage iati�usance coverage(in ttte amount aad for the f �
<br /> � � ��' � "' . perlod Wat Leader requires)provided by an iasnrer approved by Leader again bewmcs availablc and is oBtained.Bonower �
<br /> ' ����-----°° ' � ' sizal!pay the#rremiums to maiatda mastgags iastmaax ia effcct,ar ta psotiidc a Ioss resestc, ` i�C cnt
<br /> - - ^.-----•--;-•,-- ' `
<br /> �.:.....-..-__-__-_-:-.. .-
<br /> - �.�, :. . • [or mort�agc roswance ea in accordantce with any written agreemeai between Bonower and I.ender or '�e w
<br /> ; � .. �
<br /> KAT446U�0893
<br /> ? ` � .; �n:i f
<br /> . .
<br /> •. .� , ;, . �
<br /> ..�. . . r�,.
<br /> ..
<br /> ;�.
<br /> : : -��,: � - - __ _-----��_ _
<br />
|