|
: . :�.i...: . T.�a�� . ..
<br /> ?� i�+::� .::� � �l�c. ..- ..
<br /> ._. .rr:.�ikl r.M�. . -
<br /> .�
<br /> � .. .
<br /> . �,w•
<br /> �j�.:... : ..
<br /> - �� —_ - - -- - - - --
<br /> - ':� " ---�`.l, - — —
<br /> ��� �.QSO'y5
<br /> - ---- 7hr Fu��l, sliall Ix• hdii iu :�n iurlitutinu whuk• d�cf��sitti ar� intiurc�l hy a ladr.iul a�tency, i�uuu�ucnratiry. ��+ .���+iy
<br /> �'�',�:�:�::.:;L� —
<br /> _ (ir�rludiuZt I:cu�l�,.�1 I..�ud4r Iti �u��l�:u�iutiiitutim�l ur ii:�iuy t���;l��;sf Ilui�r.� i.n:eu N:���k. i�_���Icr�•t�jiU:���l,ly�h,•I�«+ah t��p:r✓t�a
<br /> ,.: --_ l:Kruw 1►•a�c�. L_uilcr may unt rhar�;c liuirnw�r li,r h�dttii��;:uu!applyin�thc I��u�dti.aunuallv una4vtie;�;ihr,c,cn,w accuant.��r
<br /> — eeri[qing tlx:G�cruw Iterns. un9t„t.cr.:ier�r:r:�s��rre,��er intcrest i�n the t�undr .uxl applic�ihlu law �x;rn�i�n lznder t��mak�:�uch
<br /> a charFa. Hnwevcr. I.��xler may reyuirt Nurruwet U��y•r imc•iimr cliarkc fur au ii�lcpe�xluut re��l�:statu taw n:�xuting�ervice
<br /> used by l.ender i�� cunixctinn with thiti lua��. unle�r appli.•ahle law pruvideti uth��witie. Uulr.r.� un a�lr.ruinttit iti m:x1c �ir
<br /> upplicable Inw reyuires interest to be paid.Ir.ixtcr sball nut ix rey►:irrd tu pay Harr��w•er any lntc:rcu ur earsit»t,�an the f��u�J,�.
<br />— --- __— 6urruwrr and l.�uil��r may :�gr�c in writing. I�uwcvcr. tliat intrrctit shnll ts� p�id i,n thc rundi�. La�r�lr,r a1�nU ,iva to�anc�x�cr,
<br /> ..
<br /> --�-- -=— _ ,
<br /> withuut chargc, n�i umival acc.wnting oi the Fund,, showmg cr�tliiti�w�l�c�iiti tu thc C'u+i�la uw: iL•.: ��u�y+a:� fi�r t:�itic:�_ar =-
<br /> debit tu the�uixls wuc m�cie.The Funds are plMiged ati udditional security ti�r all samti secur�tii hy this S4�:nrity(n�lrunknt.
<br /> If thc Fwx1i itcld hy [a�ixler cxc�td tl�c aitiuunts�xrmittcil to bc hcld hy;►r�r�::,vi�law. lAndcr shall acrau�u tn R��rr��w•cr
<br />-..� fbr the exccss Fuixl�:iu accurdunce with the requiremcnts o1'applicablc law.!f thc amuunt of the 1'unds hald hy I.endcr at any ----
<br /> tin►c iti not�utficicnt to pay�hc Esrrow Itcmti whcn�luc, Ls�zdcr may so notify Bormwcr in writinlz,and.in such c.irc t3�m'owcr _
<br /> sh:Jl�ay tu lr.txlcr tbc amount ncressary t� makc up tltc dcGcicncy. Borrowcr�h:dl mukc up dTC dc.ficiGnwy in na mnr�: thaa __
<br /> twelve roonthly paytncnts,at Lendcr's sole diticretinn.
<br /> ' tl�wu payment in fult ot':dl sums secured by this Sccurity Iu,uu�u�N. L.ender tihull promptly rcfui�d lo [3ureo���ur a��y =__-
<br /> >;� �uixls iie1J by l.ender. If,under par,igraph 21,[,cndcr shall acyuire or scll thc Propr.ny, I.�nder,pnur w tha ucqui:�itiqn��r salc
<br />-� . af thc Property, shall a�ly any Funds held Uy L.endr.r ut the timc af acquisitiun ur sale us a credit against th�.�ut�i.��ecurcd by
<br /> ,� tl�ix Securny Instnunent. _
<br /> 3.Applicat6mti uf Payments.Unless applicable law provides othenvise,al l pay�uettts r��:eive<i by U:nder utidar pur:��sr�phs _
<br /> 1 a�xf 2 shall bc applicd: tirst, m.u�y prcpaym.nt chargcs duc undcr the Notc: �ccond, to anxou��cs payublc undcr par•��rr�pl�2; _-_
<br /> third,to interest due;fourth,ta principal duc:and last,to any latc ch;ugcs due under the Notc:.
<br /> 4.CharRts: I.fens. B�7owcr shall pay aU taxes.ahse,smcnts,chargrs,�nes anJ impositions attributabla tcr dtu PmpcAy _ _
<br /> _ which m3y att�in priority rn�er this Security instrument, and lwtiel►uld paymems or gruund ren��;,ii' uny. &neuu+pl' ahuii pay -"�Y
<br /> � thez;c obiiaations in the ma�mcr provided in p:►ragraph 2,ur if nut paid in that manner.Borruwer sfiull �uy tlicm un timu di�:�cUy ;�
<br /> ;•�_ �. �= �' to the p�:rso�owed payment.Borrower shall promptly furnish to Lencier ull nutices of amounts to be paid under tliiN pnri�r.�ph. ,'�''
<br /> ,-`; If E3ormwer tn:�kcs these psynl�nts direcdy,Borro�ver sliall pramptly furnitih ro Lender receipts evidenc:ing the p��yinanta.
<br /> �', Barmwcr shal!promptly dischsrge uny licn which has priority over this Security[nstrumcnt unlcss Burrou�er:(a)agtL�s in
<br /> ���� '' • " writinn to the paymcm of the obligation sccured by t1-c licn in a manncr acceptablc tu Lc�ndc�:(bl cnntcstx in �a��d Ctith thc lien •'
<br /> .f��`;.�';�t;< b:, or defends Ugainst en£orcement of the licn in. Ie�al proceedings which in the Lcnder's opinion uper:+t� to prever.t the
<br /> '"x-�� • ;��"' cnfi,rcement ot'the lien;o:(c) securez from thc holder af the lien an agrecment satisfactory to l.�ndcr suburd.inuti���the lien to ���",
<br /> ^'+"�"��`'��'���;���"��� [his Sec:uriry Instrument. lf Lender detcrmin��+th,�[liny part of the Property is ,ubject to a lien which muy atr�ii�anariry over ,
<br /> :,;��'�.;,�;, ;:��'�::;y� . this Securiry Insvumcnt, l.ender may givc Borrowcr a nuticc iJcntifying tlu licn. Borcowcr,hall ,atisty thc lien��r takc onc or �I
<br /> �•:r':,�:;g`�.��.::,.j.��-., morc of thc:�ctions sct forth abovc within 10 Javs of thc giving of noticc. �'.�,'
<br /> '"` �``i��' •.' ' � 5. Hazard or Yn� rty (nsun�nce. Borro�vcr shall kce thc im ruvrmcnts now exititin or herraft�r e�rected un thc _
<br /> Ex:� p P �
<br /> . .:�.•r,.,. °� �
<br /> Pronertv insureAi u�ainst Icss by fire, h;wirds included wrtl�in thr tcnn "rxlendcd covrr.�ge" anJ any athcr h��v�rds, incluJing ��., .,
<br /> '�ttt`?;` `� '"'��";'��} ilo�eids or tlooding, for which Lettder requires insuruncr. This m+urance snall e�e mamtaineci in tttv amuun►a iwd �u� ii�u�ru�io�3; • r;,,
<br /> � '��• �'�" ='`���•�"`' that L.enJer re uin�s.Thc insuisnce carrier rovidin*the insurancr sliall be rhnsen by Borrnwer sub.ject ro Lendcr•���nr�Y:��ui �
<br /> ��...::. :,. • q P, h �;';
<br /> " �: �'��`f�' �'•�� which shalt nut bc: unreusunably withhcld. It Borcowcr Liilti to muintuin rovcrag� Jcscribc�i abuvc, I..+:nJcr miiy. at Iarndpr's
<br /> .'• � y�r� .',ti..;i�! .
<br /> � option,obtain coverage to Frotect I.ender s rights in the Propeny in uccurduncc with paragraph 7. -
<br /> �= ;.. ,. .,�. , �. ,..
<br /> '��,':�'f�,:,; :-:4'`,; �°.`.. All insuranee policic�r.,�J rcnewals shall he acceptable to l.enJer und�hall incluJe:� titnn►Jnnc! murtgaee rlaur�e. I.cnder •�
<br /> ""'' �'�' "' " '" �[-:�l1 have thc right to hu!d tl•.�:policies and renewals. lf Lcndcr requir�s, Burrc���er .hall pr��mptly givr to t.er�_�r all receipts of ��'
<br /> :;'rrff�''��`�r �, . „ .: L'_ p .:j�:�Y.
<br /> ,`„r��'�' '. id remiums and renewal notices.In the event of'ic�r, Hurru�vcr tihull give Fmrrtrt�utice to the in>�uraacc c;.r-ier and Lender.
<br /> . �.,,•�;��.c�-�,,:�t;','�, Lender may make proof of lo.s if not madc prompNy by Bnrrower. `.
<br /> _ . �� _ Unlcss Lcnder und Borrrnti•cr otherwi�e agrec m wnunt;,insurancc prcxu:ds�hall bc..�pli�..i tu reraoration or rcpair of the
<br /> .- %.�.r.,�... „�,�,«��� PmpciYy dcunagul,if thc restor.ttian or rcp:ur i�ccunomically featiiblc anJ Lcn�lcr'z securny ts r.ut Icsseneil. If thc rctitoration ur
<br />` s+'%•�•�°� '��':'.••�:+•f:.: repair is not economically fc:isible or lsndcr's sccurity would hc IcsscneJ,the inst�ranc�pr�-r��eds shtdl�e applicd to the sums
<br /> � �.'� �'�'�� �'��F��` �• s�:cured b this Securit Instrument, whcther ur not then due, with any excc�paid to &�rrou�er. 1!13urrower ab:uidons the
<br /> tv, .,:,.,.. .._., 5,�, y y
<br /> , ., � ':�,^,i�;y�;�"• Pro}xrty,or dues not unswer within 30 dayti a notice from Lendcr thst thc inr:urance currier has affcred cu settle a claim, then
<br /> ,(A�cm_., ,. Lender m:ry cullcct the msurance pr�xceAis. l.cndc� m�y utic thc proccuis te� repair ��r rcrtim: thu Pivperty or to pay sums
<br /> •+�� *M%��?�s�a,�••�?�� securcxl by this Security Instrumen�,whcther or not then duc.Thc 30-day period will bcgin��•hen thu nntice is givrn.
<br /> •?�y►,�! , .�wY::�+�ti�.M Unless Lender attd Burrower otherwisc agree in writing. ym, applicatian of proccedr�tu principal shall not extcnJ or
<br /> �. ,., i ,
<br /> ; ,ti��..::;,,;;�tty.; postpone thc Jue datc ui' thc monthly paymentti rcf'crrcd tu in pur.�Fraphti I :snd 2 or ch;mbr the am��unt of thc paymcnts. If�
<br /> . ' %'�l'"•i�`'" '`:4;'.. a�dcr par�graph 2l th�Pr��pe��ty is acquired by l.cndrr, B��ttower's right to asiy insurancc pulicirs and prn:ee�fs resulting i'rom
<br /> ��'•"�:'��"' �''� ` damagc to thc Property prior to the acyuisition shall pati�ro Lender to thc cxtentu�:hc�ums���cured by this Suority instrument �
<br /> :ut'i�i r'. . . ., imm..diatcly prior ro thc acquitiition.
<br /> ���•';^�• •'� 6. Occupancy,Preservation, biuintenance und Protect[on of the Property; Borro�rer's�.nan Application;L��elwlds. �
<br /> '�r ��;' "' �°: Bottower shall cn:cupy,cstabl ish,m�d use 2h�:Fropcny as Banowcr's principal residcnce wit�-i�:>i xty day�aftcr thc executiun��f
<br /> � ��r�� � �•' ������ thiti Seeuriry insntiment as�d shall cuntinue tu occupy du Pri�perty as Burrovirr'� prineipal residenec ti�r ut Iea�t one year al'tcr (
<br /> - �.`��_ ` � the date of uccupancy, ci:tes+ Lender othenvise agrees in writing. which coie:cuc tihall not br unrcasonably withheld,or unless �•:,
<br /> ,,..,;��}l„
<br /> . cxtcnuating circumstanccs cxist which arc bcyonJ Borrowcr's c�mtrol. Borrowcr .hall not de�troy, damagc ur impair tlic
<br /> ��,.,�: Property. allow the Pruperty to detcrio»te. ��r commit �vastc un thr Prnperty. Burrowcr shall be in drfault if any ti�rfeiture
<br /> actian�;�iroxecling, whcthcr rivil��r criminal, is brgun that in Lcndcr's gond faith judgment caul� rctiult in ti�rfeiturc.�i thc �
<br /> i: �Slv>.� ��.,� Property or��tAerwisc materialiy impair thc licn creat��1 by this Sccurity In�trument or Li:nder's s�wurity interest. Borrower may
<br /> ' �• �F��• cure such a detault and reinstate,as provided in para�*.raph 18,hy ��ausing the aciion or pr��rrcJin�;to hc Jismitiscd with u ruling
<br /> � ';,;'',;,. ;. that, in L�:nder's g�xxf f..ith determinatiun, pr�clu�cti tiirfeiturc uf the Borro�ver'ti iiucrc�t in t he Propeny or othcr material �
<br /> � . imp�irmcnt of thc tien created hy this Securit�• in,trumcnt or L.cnder'ti s��curity intcrest. Borroovcr �hall ulsu bc in Jef'ault if
<br /> ;��%�•:'�, Borrower,during the loan application prcxetis,gave materiaUy false or inaccurate inlbrmation or titatements tu Lcnder(ur failcd
<br /> :r..,.,.; . .
<br /> - fl�F,:.: :.• .. to provide l.en�er with any matcri:d i:►formatinn)in connectiun with thc lo;u► evidenccd by thc I3utc, inrluJing, hut not limitcd �
<br /> . •� � . w,representatio7s runecrnm};Borrourr's occupancy uf thc Property ati a rrinrip:jl residenra If rhis Sccttrity Instrununt is�,n a
<br /> - ��f ` Ieusehold. Borrc�wrr xha}1 c��mply with all tlu provi,ions ut thc le:��a If Borrower acyeireti Ice tidc tu �he Property. tUe !
<br />= � '���� '� � lutsehn(d and die f��:ddc shall not mcrgc unlcss Lcndcr agrces n�thc mergcr in writing. �
<br /> ' 7.Pmtcction mf I.cndar's Ri�htti in tl�e PropeiKy.If Borrowcr fails to�.:rt�rm the covenanty and agr,:emen[s concained in
<br /> _ _ . . . this 5ccurity lnsuumcnt, ur therc is a Icgal prcxccding that may sit:niGcantl�• affcct I.cnder'�ii�hts xn thc Property c+uch a,a
<br /> prcxeedin� in banlcruptcy,probatc, tiir condcmn•ition ur ti�rfeiturc��r tu cnforce laws ar rc�*.ulatiuntil. dun LenJer muy du and
<br /> ., �......t...�,,.,,,�•:. ns+.a.���rv tn nrnlvrt tlt.+v:tlu•+ uf th� Proncrtv;uid Lcnd�r's ri�;hts in the Prniscrty. Isndrr'ti�CIIUItti Itllll'
<br /> -- v�., r.»� .... ......._'-- -- •-------+ .
<br /> • in�lu3e psyina any sumti sccurccl hy a licn whi�h hati prioriry ovrr this Sccurity In,trumcut, appcaring in court. paying °
<br /> _"'.�� .'�`�"' � rc:uonnblc attomcys' fces.md cntcring on thc Pro�ny tu makc repain. Altl►ough l.�ndcr m�y�:�c:truun undcr this paragraph
<br /> ,.,... � �
<br /> ,;, .: • .. 7,Lrndcr d�xs aot havc to do w. .
<br />`� , �"" ' ' �'r` Any an:ounts di+hurs�Yi by Lcndcr undcr this paragr.�ph 7 tihall ncrunx sdditiunat dcbt of Rormwcr �ccund by thi,
<br />-�: 1 � � . + :.
<br /> - ���� �' � 5�YUrity Instrumcnt. Unlcss Hu�n�wer:md IAndcr agrcc to u!licr tcrmti��f pa�m�nt,thcu amuunts �hall hrar�nten��t tr�Tm thr
<br /> �' � -*;,;.�:-�,,:- datc i►f Jisbur;cntcnt at thc Notc ratc and ,h:dl bc p:tyabla with intcrc�t, upm noticc fn�m �.cnJcr tu Burrowcr nyuc�ting
<br /> � , ;,, ,� :.- . q.y
<br /> �,f„�.. .....•�.. • .,,, � mcuY.
<br /> �..,�,...� :. 8.NiortRtt�c Insurance.It Lcndcr rryuircd mortgagc in,ur.mrc a.a c�mditian uf making thc luan.ccurcd by thi,Sccuriry
<br /> � `,;�;•j,,: . .••'t Intitrumcnt. Hurm�vcr ,h.dl pay thc pmmiums rryuired tu maintain ihc mortgagc in�.urancc in cltrct. lf. fur any rca�un, thc
<br /> ,?� �: ,F. murtgagc insur.inrc ruvrra�e nyuind hy Lcnurr lapus ar cw��ti to hr in cifict. Hnr�uwrr �hall pay thr prcmiu�m rryuir�d tu
<br /> �'.',�' �.;' ubtain wvcr�*c. �uNst.u�tiall tuvalcnt t��thc mo�1��a���nwr.mrc r�viousl m cflcct. at a cotit ,uhraantially ryuiv:dcut tn thc
<br /> y, �• . ycy ' � b' P ' Y
<br /> + co�t to &irn►acr uf thc mnrtuage imur.►nrr prcvioutily in rifcct. ti•�,m :m ahcin:►tc murtl:ag� inwrrr appr�wr�l h}• I.rn�lcr. it �
<br /> � � ' r, . ' • �•.�,;�t���a Form 307.0 9�9Q .
<br /> ��. . .
<br /> . .
<br /> -�.. � _ - - -- - i
<br />
|