|
. .���-� �.. e: _F �n . 5. . _cF{ c -c � . �� t'T �' n f�£r'r� .�.:n � .._: - -----
<br /> �,,.a.Yt `�..7 t"`1 '�- �4 - i ��j�*•r,£f+'�c"�aEr�a�".n� k 4't .. �, "�'p .�w�•-�a•xc�^ ��_-: . .._ ..
<br />� _� _ L � . � P � ' 4 .-`�- - -__ . _ _.
<br /> ` ; ��K!�}r � T � j � �C �:i`a`YR Y.�.,�.i.yi��Y..S����vbSXY
<br />_�� . ' 9 �� ..J':]. =. -�-+L«. �! N:.Sd—L i�__ , . � . , ' Z� �.'_'._ '. -_- .--_'-____ -
<br /> s � t. S;rs F s r 1�-�:' `� �'•
<br /> .� >
<br /> -�c#� �--�ir. �s � . . . � - - . . .- _- --- --
<br /> :�. �
<br /> - '--•__=�T�AAA �_ - —=--_ . .
<br /> �, s '�.1 �_�. .__ ; . _ __ � � .
<br /> .;*,
<br /> _ � '�`` `�k.:.:� � t:` � � •The Fuitds sha!! bs he�� in an ins4itutian vrhae depasits afe imvre�t+Y a f�etnt agency. instrus�eneality. op eniit�� , ,r. ��;� - -_
<br /> n
<br />`� T•�:r.:�_.�'�. �Y., .+' (iucl�tdiag Ixader,if L�tidea is surl�an institntian)or in any FedCra!Hante ia.m$�.Leader�tall agply the Fucads ta pay t6,e " �_ __�
<br /> . . • :Escrow It�,s..�ender�y nat rharge Borroi�er for ha�tding aad aPP�4�the fnnds.anmraliy�nalyzin�the e.scroiv�uat.or � ��-= __-
<br /> _, �`•�.�,�� :.Q." irerifyin�che�scrow Items.untess I.e�er pays Somower interest on ihe�uads an�agplccable law gemQits I.e¢det to ainke svcit — _ --
<br /> >;;�•,, ,`. '.4.:r..�`�: `�`' ' a charge.Yiovrever,�nde�'m��r�quire Borrower to pay.a oae-time ctiarge for.nn independent real estate tax teportin;servic� . �� , ,�-:_ �
<br /> - � use� Oy [.eader in oannactioa �vitli this toari. u�ess applicable ta�v pzovides otherw�s�e. Uniess aa agroemeat is at�'os � -��x . = -_
<br /> ;: '_ �_�li�4 . appticable iaw�-iai�:23E ta w�sid.�sh�il nnt 6e.tegui�d t�Ita�r Barrawer any intecest or eaming on the Funds. . .u-��.�,.. - -_ .
<br /> =�;:•..� .::•� ,� °<; Bor�ower and LRader may�in writin�.hawever.tl�at inierest st�ll be paid on th,e Funds.L�ender•s�ait giv�to.Sar••ra�, �:�.--�.:
<br /> �- �vidiuut�e. ase aanual as�coanting of tbt Fuqds.shawing credits aad debits to tt►e Fuad�aad the putgosz fOr�vhic�� ' �--�= �:� �;_
<br /> ;�, L `- ;x ,`.L„, debit to the Fvi�s was made.'Fhe Funds are.pledgei!as additioaa!sesunty for all sums sQCU��yr tDi�5eaarity Instrnment. � `.`;�:•.�i :���a;��'-`:..
<br /> . ':,.�`�. � .. � . Yf the�esnds hetd By Lender exoe�the amamtts gerrnitt�d w be hetd by agpli,c�ie law.L.�det slmll aoonunt to Bomotver .� . _
<br /> for the excess Fan�s in acnurdanoe with the requiiemeats of applicable iaEV.[f tt�e am�unt of the�unds keid by Leader at any ` ���� _
<br /> --' -- -��; . time is nnt suf�cient to pay rhe L�scmw Ites�os when due.I.ender may so notify Borrowei in�c�it�g.a�.iu�s�Bosan�r -- .�t �y S,_.
<br /> t os
<br /> —r.-r-'�, .. sb.ait pay to Lender the amoimt ao�o�ssarSr to malce ep the defciency.BorrovYer s6a11 make up tiie defiaenc,y ia aa tnore th�e
<br /> tweIve mantWY PaYmeuLS�ai Lender's sote disc�on. .` , ` " r��`':`.
<br /> ' ', ' - Upan Payment jn fnli of all sums secured b3r this SecuritY Iastramrnt, Lender shall prompdy refuad to Boirotiver anY ��; :�,,,r ,*� ��-
<br /> Leader shall acquire or sell the Praperty.Lender.Prn�r to t�e acquisition or sale . r'.;..
<br /> _ � •.`' Fuads heid by IBUder.If,undet patagraph 21. --• � °=��:'�}�'°'-
<br /> ._ .; . . ,
<br /> �. ' of the PcopertY.�aPPilt�Y F�mds held by Lwder at the ti�of acc�uisition or saIe as a credit agains�t the sums s�red by �`���- -
<br /> . : ?r�� �;.rr h
<br /> ' '. , ; tlus Security Instramen� nts reoeived by I�ender under paiagraphs ' '�
<br /> .z . 3.Appllcatton�f Paym�ts.Unless agplicable laar provides orhernise,all payme • ��`�._
<br /> � ' 1 attd 2 shall[se applied:first,to anY P�Y�����e�nde,r t�Note• second,to amn�mrs payable nnder paragraph 2: ��,�x'�°_
<br /> . ...�, , thir8,W interestdue;fau�th,to principal due:and last.tv any!ar¢�!�s due under the Note. s'S� 'f`
<br /> � �..`-
<br /> �. � ,� �"�s,'-=� 4,CBarge�Lieas.Borrower s2�ll ail tazes.ass�ms,�fia�Ses•fines and impositions ata�'b�alsle to t6e Prapercy
<br /> �����`'', �y � _
<br /> -• wluch may attain priority over this�.vrity Institimen�.and le�old payments or ground�iems.if any.Bomower st�all pay �
<br /> � ;,<.,,� f'•::<<' these obligatiens in the ma�er provicteii in paTagragfi z,or if not paid in t6at ma�er.Boriower sball pay tflem on time directsy ^��_
<br /> .? � r •:';�'J�:•}.-` . to the peison awed payment.Borrower shall prom�edsr fumish to L.ender all aotices of amounu tu be paid uader this paragtap4�- � .. �-
<br /> �;,.,•,���„�
<br /> . '��' '`` �.��•;a}�;«, If Forrower makes these pay�ents directly.Borrac��shall prompt[y fiunish tu Lender receigts evidencing the payments. • .�: .r�..,�:
<br /> r� - :
<br /> � ,�."';:' �'�»%��`; � : Borrower shall promptly discharge anY lien w�icb has prcority over this Securiry Iasuument unless Bortawer:(a)aSrees in ;:. �`�,,r U: ..r�.r
<br /> �.� •. .�: . , writm8 to the PaYm�nt Pf the obligadon secµied by the lien in a�rmer a��b Ze to I.e n de r(b)c o mests in g ood Eaittf tiae liea , �.,. ,�
<br /> _ ... ._..: ' , p,y,-or��defeuds-agaiasr-enfonxment-of-the-lien-in:-legai.prao�.-'`gs-w ' .insh�Ixnder's_s�Rinioa_.aperate w.prc��t the .--.-..-.- .{ ' ,� `
<br /> .�.. ,, ---— -- enforcement of the 1ie�.:ar(c)secures from t he t i o l der-�Y t he 1�u�n.agreeme n t s a d s f a c t o ry t o L.e n d e r s u 6 o c d inadn g t�s Z:een to � .,:1.*�
<br /> - ttus Security rnnm�n�:�If Lender.detem�ines that any part of pz�Piopert}F is sub�ect co a lien which may,,attain prioriry over . . ;�.
<br /> �`'�,
<br /> :. ;.;� • this Security Instrnr�;LQxider may give Borrower a nodce ide�ifying the Paa�Borrower shall satisfy at�e lien or take orte or .. ,_..E:;"-`.�
<br /> ...
<br /> -,••
<br /> ' , . �`.:.. . more of the�ions s�forth a11ove within 10 days of the giving af notice. . . - ?�. ,�
<br /> � ---- -5• �aaard or Pcop�ty Inst�iranea_Borrowez�shall.kee�?tfie_imPmyeme�rts rcow_eusting'or her�after ed �;. _.
<br /> - - � erect on the .�,.
<br /> '. ,. Properry iasured aoa�loss by fcre:hazards inclnded withia dae tecm "extended covera��".aud any other haiards: including �. �.�..:`�4��'_���.
<br /> � . floods or flaodin . for athich Leader res ins�:.�ce.T7�is insnrance shall 6e maintaine�Yu the amoun.is.aitd for the periods ' ,• � �� �, �
<br /> YII
<br /> ' ` :. that Leaider reqa'ira.'I7�e insntance cam�'er pro+n�;the insurance shall be'chosen by Bomawer suble�.e�Lender's approval � � �t —
<br /> ` which sha11 not be unreasonablv wnthheld.,If Fiscn;ve;.fails to maiivain caveiage described above, E.�may. at 1-ender's � � • S
<br /> , . ... .
<br /> sf���:
<br /> � .� _ , option.obtain ooverage to p;ezect I1ender's rights�ri'[he Prnperty in accordaa�e:�itA paragragh 7. � ' . . . . .. �
<br /> All insurance polic�es�:r,�=wals shall be acceptable ao�,�nder and s?ta11 inciude a sta�cdard murtgage claasr�_f.�nder •-,A +` , �,_
<br /> ' ' . ' shall have the right to hold the geLu.-i�s and renewals.If Lender i�r�ri�res.B�rrawer shal!pr�t�y give to I.ender all rooeipts of , ,,,�.
<br /> ..:�; : ..., � paid premiums and reaewal notices.In the event of loss..Borrow�3.�a11 gi�a_�ea�npt notice m che insurance carrier and I.ender. • , . �, --_=�
<br /> u`:':'. '• - Leader u�ay make pro�2��toss if not made ro tl b Borrower. ,..... .
<br /> F,.a: . P �A Y Y._ ' f;,.,.�: .: � `•
<br /> - �K,:; - -- .. - Unless Lender z�r�Buaower othemise agree in wndng,insuranc�pmcr�3�•sha11 be applied to restoration or repair of the ';',�=�
<br /> ' • : property damaged.if the restoratioa�or repair is economicallp feasi6le and L'e�',i:r's securiry is not lessened.If We iestoration or •:•,��
<br /> -. . � repair is r�ot�canomically feasible.os Leader s security would be lessened,the insurance proce�ds shall be applied to the sums ': � �:�� � ��
<br /> � sccvred tiy this Security Instrumcr,�..whether or not Wen due, with any excess paid to Borrower. If Borrower abandons the . `,. •�``��`..�; ''''�
<br /> � ' �� �t 1� •' PcopeRy.or dr�es nut answer aithiz'a0 days a nptice from Lender that the insurance carrier has offered to settle a claim.then ' :�.�: .;,��_
<br /> � � � ' Lender may collect the insarance proceeds. E�msiy use the proceeds to repair or restore the Pro�erty or to pay sums . .'.,'4:,.,:. ;.,_`u�-,
<br /> • � ' secured by this Security Instrument.wheiher a�.�='rt��.-en due.The 3Qday pex�od will begin wfien the nna�;Fs given. , ,,: ,: ���.:��.�':_'
<br /> • •� • � Unless Lender and Borrower otherwise ��in writing. any ap�la�ion of proce2ds to princ�l.shall not extend or . , `j�,�:
<br /> .��.�� `; ' postpona the due date of the monthly paymeats rtferced to i�Aaragra}*�;s 1 and 2 or change tfie amor�:Y of the pay�. If ,;:
<br /> x' .� , under parngraph 2i the Proparty is acqu�red by Lcnder.Bor_��'s ri�,fit to any insurm�ce policies and proceeds resu�#�;fx+xn .: � � :.t;;:y:..::•.: '�
<br /> .�i,,,;;.., .:
<br /> ' � damage to the Propert�+prior to ttte acqwsiuon s3�pass to L�sirs to the e.siQnt of the sums secvred by this Security.fi�u'n�ai�:.. ., •.., ,., . •
<br /> �•( • , � . •..' .: . . iinmediately prlor ta tise acquisirion. � , . . � -;s�`��. '
<br /> e • � ,
<br /> � . . ,,,,� . � 6.OaaP��34�seavatfon;Maintena��e u�d Protectiort of the Pro�3y�Borco�ver's Loan Appllcadon.Leasei�oids. ._ .
<br /> .
<br /> � Bosrower shall occupy,establish.aad use the�Y as BaTrower's principal residenoe within sixry days afterthe execurion uf ' ; �,; ;
<br /> " � ' this Security Instrument and shalb r.►:i�"tnne to occupy 1he Property as Borrower s principa�,�esidence for at least one y�ar after ' " ' • �� .l.r.��°'
<br />"::.� ,�, ..
<br /> . • the date of occupancy.unless I.��:!�therwise agrees in writing. whtch consent shall nur l�:unmasonably withhetd.ot unless • ,�;:,, •
<br /> ` � � ' � � extenuating cirauastanoes exist_��ch are beYo� Borrower's oontrol. Borrower shailr'�at destroy, damage or i�air the • ��.'!';t;' , �
<br /> - • l;��s'�:�� � -'-�-
<br /> 3 - Properry.allow the Property to deteriorate, ot.�ommit waste on the Property. Borrower shall'be in default if any fcrfeiture _ .
<br /> . . � , action or proceeding. whether rivil or criminaT;'is begun that in Lender's good faith jndgment could st.,�1t in'forfe�ture of the �� . ;. . �
<br /> ��,,"���' ' � _ '. Property or otherwise materialJy irapair the lien'c�eated by this Security Instrument or I.encler's securit�•i�'�errst.Bo�uwer may
<br /> � � ct►ne s6ch a defauSt artd reinstate,as provided in paragraph 18.by causing the action ar pr�eding to be dismissed�xtis�i a niling . • • .
<br /> � • . that.in Lender's good faith determination. precludes forfeiture of the Borrower's intec�c.en the Property or adi_r.rnaterial
<br /> " � impaiment of the lien created by this Security Instrument or Lender s security interest.��umnwer shall also be in�default if .
<br /> +�', Borrower.durin thx loan a plicapon rooess. ve materialt false or inaocv;sate inform�tion ar statements to l.ender(or failed ... _., � . .
<br />_.�y;,�: „�. .. : . E P P �, y � � . .
<br /> �,.. to provide Lender�i�any material infortnauon)m connection with the loan evidenced by the Note.including,but not limited
<br /> � � � to.representations concern�ng Boaower's occupancy of the Property as a principal reside►�ee.[f this Security Instrument is on a ; .
<br /> t�� `'��:.,t��;'�� leasehold, Borrower shall com 1 with al! the rovisions of the lease. lf Borrower :s:yaures fce title to the Property, the •�:a,: '�'• •
<br /> PY P � ; ;r;;,',;�;t;.,.
<br /> .a ' , :� s;.::hi:. leasehold and the fee title sha11 not merge unless Lxnder agn:es to the merger in writing. ., .,,r,j7;�;�ty;A;
<br /> � � ' 7.Pt+ntection oY l.endea's Rigtits tn the Property.If Barrower fails to perform the�ooven�ncs and agceemenu contained in !�•, ,,,:x�.,.,
<br /> t , � ..:1�.`� that may si fic�ntt affect Lender's rights in.the PropertY (sucA as a s� ;,�`�,`��:
<br /> . this Security Insavment. or there is a le�al Draoeediag SN Y l� •'� � ' _
<br /> � _ ���� . prnoeeding in banfauptcy.pt+obaia.for condemaai•inn or forfeiture or to enfarce laws or regulations},then Lender may do and
<br /> �, . a
<br /> ' :.�:;, Qay for whatever is necesstvy to pmted the va�rie of the Property aad Lender's rights in the Propect�. Leader s actions may �} .,
<br /> . �;. „ u
<br /> � - � • �:�-'• �aclude po yin g a�ry sums seysured by a liea wE�.ich has grEd�ty over this Seeurity Insm�ment. agpeating in oourt. payin; .
<br /> :=,•��.,,;�,�,��.:�.: .
<br /> . ,,�,;v:: rensocu�ble attomeys fces and entering on the Property to m313�repairs.Althou g h L.en der may t a ke ac t�on u n der t his p a r a g r a p h
<br />_ • ,:..:.� . �;,;:.. . . .
<br /> � .. .s, .7.Leadcr does not Itave to do so. . . . ..
<br />- � � � Any amounts disbursed hy Leader under this paragraph 7 shall becomu additional debt of Borrower secuied tiy fhis
<br /> ' �� ' Se¢urity insmm►eiu• Unless Borrower and Lender ag�ee to other tertns of payment. these amounts shall bear interest from the i� . . . ,
<br /> - ' - . � date of disbursement at the Note �ate and shail be payabte. witb interest. upon notice from Lender to Borrower requesting ( .
<br /> _. _ . '. , . . payment. . ! ..
<br /> ' S.Mortgag�e insurance.If Lende;required mortgage insurance as a condition of making the loan secured by this Security � •
<br /> � " Insttument. Borrower shaU pay thc premiums requ�red to maintain the mort�ge insnrance in effect. If, for any mason, the � .
<br /> � ' � ��, ; . mortgage insumnce�eoverage required by l.eader lapses or ceases to be in effect.Borrower shall pay the premiums required to j .
<br /> . obtaln covetage substantially equ�valent to the mortgage insurance previously in effect,at a cost substantially equivatent to the
<br /> •.� � . � cost tu Borrower of the mongage insuraaoe previously in effect, from an altemate mortgage insurer approved by Lender. if � •
<br /> _- ' :_'.;::�_ _ _ .,�_�.
<br /> - - ' �-�— — -- -- -
<br />- . �� - , — � . . . . . �--- . .---_
<br /> ,►.'� � . - �. - � vo�oso�� � Farm 3028 9;so" , , •
<br /> - . . . ��' . • ���� .
<br /> . ,. '.,ti, � , - � , ..' .. . .
<br /> . ,.
<br /> . .
<br /> . . .... . ..
<br /> .. 3�• -..
<br />
|