|
.�..,.-�.�:•-.,.,...�-,:� ,,, - •��. �...� - __- -- F_
<br /> . . A�w f�t'Z���y1'�'fN�RA"TC�S�'.��i.~Yy�s{.�`"'-,.. .t-�� ��{ 7S�G; ���.'�.i���..�a. 'rih .���i�!"`iv}f-� _ ...
<br /> �Yi �5 j .�. � r,f ��F' . li. / F'tt, .i::y }7``T<,��.'� �•!: �'-�..: '_fy., J .- . 'l .
<br /> <� ; � .� � `' `',i'' f"�;�.', *�� •a. �..,_.ti. � }
<br /> � •t.1st .;:: � :�`'••l::c;'.,� Sk� °"`'` ��rY•r, y��.�x4;x�•t}�.�},, ,�r. tt
<br /> ,A_ 1 , �, '�' Hy � 4'v.i :1\' ^'S.•.J�'r�♦ ti i�yy��Yr) _ . � - � /� . .:��
<br /> ��� �F:�tS� �� � � r l�t�'' (r('�..� , ir?H�'TiJI � ;!�� : r . f . ,i
<br /> S�. . . . : 4�".^ � �j 1 ! � ': ' .'(;, � .5
<br /> y � �t :.�.;+��` ' h '•i��'�r�gN��;.;tt�� �. . ,,��'���t;'s��;� .� ` � ;�'{U��� . , .�+i�,.:
<br /> �
<br /> � l• � . ..d ' :s�r. . .� . ��}�`-•Si{�}� .. . .i .� • _- }til.? . • . . . .'r '.'.i%�;.�,'.}.'.'' �,.� .
<br /> ..:_... . � . - ,
<br /> . .
<br /> . • ..."'nt .. . � - -
<br /> --- -'----.._._ .... �. .._.t.'...___-- - ---�-� .. . _ . - . . .. , ,
<br /> �F
<br /> - _ _ . , �.�•., �E.
<br /> . � //. �.YM� .. � � i_f _—
<br /> �' � t ..,���. ..� . '_
<br /> i � �...�_._w. _"-.
<br /> 1 . • _
<br /> �1. �` -_ . . ...:. .... . .........:..._'.._'..n._'..__�L::S:.� �.
<br /> . . .. --
<br /> -----__._—_...... . _ ..... . . ..... . .. .
<br /> ._ ..._._-'--...�.... .... . . . w�:ur.0
<br /> �
<br /> .�, ;-
<br /> • TOGETHER WITH elt the Improvemcnta now on c�rcafter orected on tho proporiy. and uli onuementa, appuRenancea, and . --
<br /> ' • • tisRtures now or hareafter a paR af tha propctty. NI ropincmn�nW and additlono shnll aioo bo covorod by thia Security Inswment. ' �
<br /> Wi of tho torepoing ia rcAcrrod to tn th{a Socudty Inotnimcnt na tho'RropBrry.' y•:_-
<br /> BORROWER COVENANTB thut Borrowor Ia Iuwtuty sotted ol the oatato horoby convoyed and hes the �ight to grant end I _
<br /> � tho Pro a end thut tho Froperty ia unoneumbarod, uxcopt tor oneumb►nncos at record. 8onower warmnts end witl I ;, �;��
<br /> . conv�+ P M
<br /> ' ' deiond flannnli�r tho UUo to tAo Properiy egalnot all elatmn and damanda, eubjeot to any oneumbrancos of record. -•�
<br /> •' � TH18 8ECURITV Itd9TRUMENT combtnon unitorm eovonanta ta nntlonal uso and non•uniiotm covenanta wkh IimNed
<br /> �.n.::.-
<br /> varlsUona by JudadlaUon to eonaUtute e unitomi eacurity Inntrumont covodnQ reat properiy. �� , ��T
<br /> • UNIfOAM COVENANTS. Bortowar ond Lencicr covonnnt and Aproo as loltows: ''��.:
<br /> - 9. Pc�tmont o4�eir�alpal and in4ovos4: Propay�on4 un�A I.ato Cht�rgoa.9ortowe►shall promP�N PeY when I
<br /> due the pdndpai oi and intorost on tho dobt avtdonccd by tho Noto and any prepayment and lato charges due under the Note. � :°--
<br /> • 2. Funda for Tazos aad Ineuranee.SubJoet to appilcab�o Inw or to a wdtten wahrer by Lender,Bortower ahali pay I �„�r
<br /> to Lender on the dey monthly payments aro duu undor tho Noto, unU1 the Nnte la pa{d in full, a sum('Funde')for. (e) yeady e'
<br /> texes nnd asaessments whkch mny �irialn pdorlty ovor this 3ecurity InsUument as a Ilen on the Property; (b) yeady Ieasehoid , .
<br /> payments or ground ronta on thv PropaRy. it uny; (e)ytsutly hazard or propeAy fnaurance premiums; (d) yearfy fiood inauwnce
<br /> premiums,fl any: (a)yearly mortgago inaurance pramfums,R nny;ond (�any sums payabie by Borrower to Lender in accordance ��_
<br /> wfth the provlsions ot paragmph e, in Ueu ot the pnymer�t of mortgage ineurance premluma. These ftems are caQed 'Esaow I
<br /> items.' Lender mny, at any dme, collart and hold funds tn un umount not to exceed the maximum amount a lender tor a .
<br /> tederaftiy reitited mortgage loan may require tor Bortower's escrow account under the federai Rea�Estete Settlam�nt IRroc�clures
<br /> AcR o41974 as amended hom Ume to time. 12 U.S.C.�2801 et seq. ('RESPA'). untess another Iaw that ap�'�es to tQ�e �unds I
<br /> �' seYs a tesse�r amount. tl so, Lender may, at any tfine, coAect und hdd Funds in an amount not to exce�d the tesser amant. ; ,, �
<br /> � L�rnd`r may¢st�mate the amount of funda due on the basis of cuRent deta and �easonab►e estlmates o4 exQendiWres ot tulure
<br /> � Escqo�+r Rems a�otherwise in accordance wilh appUaabie taw. 4 �� ,. •
<br /> The Furtds shail be held in an Instltudon whose deposita are insured by a federal agency.instntm¢nqality. or enUty(Includng
<br /> ' . � Lender, ii lend.�r is such nn tnstkuUon)or in any Fedoral Nome Loan Benk. Lender sha!I ag�ty tPeo Fuods to pay the Esaow ..','r� --
<br /> •• . � ftems. lender mray �ot charge 9orrower tor holding and appyfng the Funds, annualiy Anaty�ng the es�ow accounG or verilyfn9 �
<br /> the Escrow ttrms. unless Lender pay8 Bortower intereat on the Funds and app!icab'a tar� pertns2s Lender to make such a �' ' „
<br /> charge. However, Lender may requhe 8ortower to pay a one-time charge fer an independent real estate tax repoRing service � �
<br /> � used by Lender in connecdon rAth this toan, uniess appiicable law prorides otherv+iae. Unless an agreement is made or j � '
<br /> � �'`�'� '�' aRgicable law requires IMereat to be pald. Lender shaq noi ba required to pay Borrower any interest or eamings on the Funds. �` t=
<br /> ,. . ��;, � 8orrower and L�det may agtee in w�1Ung, however. that Interest shell be peid on the Funds. Lender shali give to B�rrower. ( . �=
<br /> r�ithout cherge, an annuai accounUng of the Funds, showing credits end debita to the Funds and the purpose for�cvhicP� each ' —
<br /> ' � � debft to the Funds was made. The funds are pledged as addiUonai security tor ati sums secured by the Securfty instrument � ��
<br /> If tha Funds heid by Lendet exceed the amounts pertnitted to be heid by applleabie Iaw. Lender shatl account to Borrower
<br /> ( tor the excess Funds in accordance wfth the ►equhements of applieabie tew. II the amount of the Funds held by Lender at any � .�'�
<br /> �•�`•'�'�'�' tim2 is oot suNident to pay the Estxow ttetns when due, Lender ma so not Bortower in wridng, and, in such case Bortower I _
<br /> ;.�_.:_�� Y HY . ,S"..'" a,
<br /> ��1��,�:`•'f � shall pay to Lender the amount necessary to make up the defldency. BoROwer sha0 ma0co up the detidency in no more ihan I ���,�,
<br /> twelve monthN aavments.at Lenders sole distxetlon. , ,":�, 1 �`
<br /> Upon paymen4 in futl ot ell sums secured by this Seeumy Insuument,lender si�an prompiiy�esiur�� io Dottovres an� funds , '�-__
<br /> � held by Lender. It,under paragrepA 21. Lender shatl acquire or selt the �ro�erty. Lender, prior to Ehe acquisiUon or seie d the ,`"�;;,���i., „�`,h,;'
<br /> Property, sha0 apply any Funds he�d by lender at the tlme o}acauisldon or sale as a credit against the sums secured by this , "�f•a -. �
<br /> 3ecurity�nstrument . _',�q
<br /> 3. Appllcallon Of Pey171@flt8. Untess applicabie law pmvides otherwise. aU payments received by Lendu under .Fz
<br /> anarsgraphs 1 and 2 shatl be applied: first to any prepaymant charges due unde�the Note:second,to amounts pai:a�'e wder i
<br /> ' i paragraph 2:third,to Interest due:fourth,to pdndpal due; end iast, to any late charges due under the Note. i , ! ,
<br /> ;�� 4. Cho�P�ms; Uef18. Bortower shatl pey all taxes, assessmPats, charges, fines and impositions att�ibutable to the � �� : .
<br /> Property which may attafn ptiority over tfiis Security InsWment, and leas�hotd payments or ground rents,if any. Borrower shall � s�� .
<br /> pay these obBgaiions in the manner provtded in paragraph 2. or H not paid in that manner. 8orrower shall pay them on tlme ;
<br /> •: r•;�, direcUy to the person owed payment. Bortower shali promptly iumish to Lender all noUces ot amounts to be pefd under this ,
<br /> ,�<,i.�'•• ! . paragraph. �f Borrower makes these payments directy. Bortower sha�i promptly fumisP� to Lender receipts evidencing the ,�,
<br /> �?� � peyments. �'`
<br /> � '��'��`� ' Bortower shali promptly discharge any Ilen which has priority over this Security I�sUument uniess Bortower. (a)agrees in �
<br /> .�i-"_`.':
<br /> � writing to the payment of the oblfgaUon sewred by the tien in a manner acceptabte to lender. (b)contests In good fafth the � �• , }--
<br /> lien by. or defends against entorcement ot the Nen in, Iegai proceedings which in the Lender's opinion operate to prevent the E�,
<br /> :.�t'� entorcement of the li�: or(c) secures from the hoider of the lien an agreement seUstactory to Lender subordinating the lien to �
<br /> '�;,j�:,:' t'�is Securfty InsWment.It Lender detertnines that any part of the Property is subject to a Iien which may attein priority over this .fc"ti
<br /> • Sgcurtty Instrument,Lender may give Borrower a notice Identifyfng the lien.Borrower shaA setisty the lien or take one or mae of ,
<br /> -•� tne actions set torth above withfn 10 days ot the giving of noUce. .
<br /> 5. Haza�cE or Property Insurance. Bortower shall keep the improvements nbw existing or hereafter erected on the y 7
<br /> " Property insured against loss by fire, hazards inGuded wfthin the term 'extended coverage' and any other ha2ards,induding �-�<,},
<br /> floods or flooding, for which Lender requires insurance. This insurance shall be mainlained in ihe amounts and tor the perlods F �
<br /> � �`� ' that Lendet requlres. The insurance cartier providing the insurance shall be chosen by '�orrower subJect to Lender's approval �';
<br /> �_��_:. . I
<br /> ':- ,��• ..+' `i which shalt not be unreasonabty wAhheid. If Bortower fails to malntain coverage desc�:bed above. Lender may, at Lender's �
<br /> ��'�<'.`'° � opUon,obtain coverage to protect Lender s dghts in the Property in accordance wah parag:aph 7.
<br /> � • All Insurance poiides and renewats shail be acceptable to Lender and shall include a standa;tl mortgage ciause. Lender %"_
<br /> "�•` �� : shall have the rfght to hold the po�iaes and renewals. If Lender requires.8orrower shall promptly Qve to Lender ail receipts of ,•
<br /> ; ,,., '''
<br /> pafd premiums and renewai�oUces. in the event of loss. BoROwer shail gNe prompt notice to the ins�rance carrier and Lender. , -
<br /> �_ender may make proot of Ioss M not made promptiy by BoROwec �.'•�
<br /> � �'' Unless Lender and BoROwer otherwlse agree In wct:r.a. insurance proceeds shall be applied to restoration or �eoair of the !',�..
<br /> • prpperty damaged,H the restoratlon or repair is economica:.y feasibie and Lender's security is not lessened. If the?�storaiion or • "�'_;'
<br /> '�� repair is not�c�aomically feasibie or Lender's security wouid be Iessen�d the+nsurance proceeds shal:be appiied :v ti�e sums
<br /> , secured by t[1�s Sewrity instrument, whether or �ot then due. with a:�g encess paid to Borrower. I� 8on•ower a�bandans the
<br /> .t Property. ot does �ot answer wfthin 30 days a notice from Lender that the msurance carrier has ottered to settie a tJa�m.ih¢n
<br /> , ,;,', Lendet may collect the irrsurance proceeds. Le�der n�ay use the proceeds to repa: cr restore the Property or te pa}r sums -�
<br /> secured by this Sewriry tasfirument.whether or not then due. The 30•day penod �.�!• beg��when the eotice is given. ,��4
<br /> •��r;:<<, , Uniess Lendet and Bartower otherwise agree in writing. any application of �-a:.Peds to principai shall not extend or '
<br /> � � • ;-'� postpone the due date of the monthly �ayments refened to in pawgraphs t artd 2 or change the amount ot the payments. �� •'�
<br /> under paragraph 21 the Property is acquired by Lender. Bortower's right to any insurance poticies and proceeds resulti�g trom
<br /> , ���,t;1 damage to the Properiy prtor to the acquisrt�on shali pass to LenCer to the eztent ot the sums by this Security Instrument
<br /> ��i•'�'� immediatety prior to the acquisition �
<br /> .� 6. Occupan�. �P�servatiorv. Rlfaiuo4@wa,uc�e an� PP�t��4io�co �U 4Do� Properly: Borr�+ers i.o�an
<br /> e►pp�ica46�ey; L.0�0PCalt68. Bortower ShaII oCCUpy. establish. and use the Property as 8orrower's principal residovice wrth�n
<br /> sbdy days et4a the exec�tion ot thfs Secu�y �nstrument and shan connnue to occupy the P►operty as Bonowers pnnugal t.
<br /> r�idence far at�east one year after the date of occupancy. unless Lender othervrise agrees in wrrMg. which consent shall not .
<br /> '' , be unreasonaDly wRhheld.or unless extenuating crrcumstantes exist wh�ch are beyond Borrower's conlrol. Bottower shall not
<br /> ' destroy. dama9e or impair the Property. allow the Properiy to deterlorete.or commit waste on the Property- Borrower shall be in
<br /> • detauft H any torteitute action or proceeding. whether dvil or crimcnal. is begun that in Lender's good faAh judgment could result
<br /> ' in torteiture of the Property or otherwise matenally impa�r the lien created by this Securily Instrument or �ertder's secuMy iMerest
<br /> � � L�,� .
<br /> • � ' F'3�5�N3(�Y9?i ��r r � " .
<br /> 9&�+
<br /> 1 �
<br />
|