|
,• ,;,,;.,,: .�;:, �_ _. ., . ._ . , ._--- --
<br /> t�?,..
<br /> ' ' . ' ;.t`. . .. . .. � :';:1�:. _ . n- //,-
<br /> . ��• . . . . iI . �� " �. „ ,
<br /> l. 1 lJ�+t , r. '- ..
<br /> � M .. . .. . . . ��
<br /> • " _0 (
<br /> ' r..� .J . -� ' � r... r. w1�i..:. ..
<br /> "� .��.tx ' .. �i.twt _.al�..�_•--
<br /> _.....�iila'i�^.ls•'�i..�'i ^A
<br /> :.i' �•..�:. . ... �.�.. - .�.... . �'���.�'�1/ iti{� l.
<br /> i�.L'.w....i.�..A�[L� ':...n[.` _' . . , a, . . .. _6. : , ,.�. .. W�; -
<br /> �..iiSMri�;�zT,idid: ' -- �(tlilnkr�w.,...-�.••.w.v`_�.�'r`� -:
<br /> �_ �.,,:°.3��.. �c�
<br />'jt.;'ti,--
<br /> , C� /4��. �y� �.,-
<br /> •, �� . c ��llY�av�l�.�
<br /> .. 'lli�• 1'wtd4 4liall hi� i�cld in nt� In�;tftntlun whn�c dc��utiil�, nrc im,urcd liy a fcdcs�id ;ii;cnry. intiuununt:�lity. ur rnllty
<br /> � o (incle�dln,e IAndcr, if Lcndc�•iti such isn i�istitutirni)ur in any 1'cdrral f lumc I��an{i,ml<. Lcndcr tihull�ipply dtc I'unds!u p:ry thc
<br />� � . � f?scrc►w Itcros. lAn�lcr inny iiot chz�rgc:llnrrowcr f��r halding and upplyin�, thc f'unds, unnualty unnlyzin�; thc c�cruw uccount,or :::
<br /> � � veril'yiu�; tlie Nscn��v Items, unl�ss l.c�ndee pays UUrrowtr intcrest un the l�unds and applicablc Inw perniits l.cnder to make such •,:; :rn_
<br />-_aw,. , ,� y 41•y i
<br /> .�chu�ae. However, l.ender mu require 8c�rrower to .� �one-time chnr�te fur un independent rci�l esn►te tux rc�orting service 4���_
<br />��� '' u,eJ by l.c»der in connectiim witli Oiis loun, unless .ipplicable Inw provides otherw�se. Unless un Agrcement Is madc or __.
<br />�.� , k�pplecalile luw requires intu•ctic w ue pald.I.cndcr sludl not F�c rcquired to pay Aorrcwcr any intcrest or a�mings on tlic f unds.
<br /> s+ �_
<br /> __: ..,: • � '.;��;
<br /> Borrower and I,cndcr may agrcc in writing, ha�v�vcr, that intcrest shalf bc paid on thc Funds. Lcndcr shall givC tu Ho�rowcr. �:__
<br />- � ° without chargc, un nnnunl acc�unting of thc Funcis, showing crcdits and debits to thc Funds and the purposc for which cach �-M__
<br /> 1',; dcbit to die Funds was made.The Funds arc pledge.d i+s additional security for nll sums secured by this Secur9ey lnstrument. ��w
<br /> If tlie runds hcld by I.ender exceed the amounts permitted to be held by applicable lativ, I.,ender shall nccount ta Borrower
<br /> � �� for thc excess Funds in nccardance writh the rcquircments of applicablc law. if the amount of the�'unds hcld by Lcndcr ut 1ny �-
<br /> time is not sufficient ta pay thc Escrow Items when due, I..ender mny so notify Borrawcr in writing.and, in such cusr.Rorrowcr v�__
<br /> • shaU pay to Lender the amount necessnxy to mak�up the deficiency. Horcower shall mukc up the deficiency in no more dmn `_
<br />- °; t�velve monthly payments,at i.cnder's:ole discretion. -_---
<br /> .,�� Upon payment in fuli of ull sums secured by this Security Instn�ment, Lender shall promptly refund to Borrower any
<br /> � • ;� uf he PropertyLshall apply any�unds held by lt„nder at�the nme of ucqu,isiti nTOr sale�as a crcdliragainst the sums securcd by
<br />_,::` .
<br />;;���; this Securiry Instrament.
<br /> � 3.Appltcut[on of PaVmenGs.Unless applicablc law provides othenvise,ull payments rec:eived by I...ender under PAragraphs
<br /> ' 1 and 2 shall be npplicd: first, to any prepayment charges due undcr the Note: second, to amounts payable under parngraph 2;
<br /> �� thircl,to intcresc due;founh,tu principut due:and last,to any late cl�argPS due undcr the Note.
<br />;;•.� -� 4. Churges; Llens.Horrower shall pay all taxes, assessments, charges, fines and impositions attributPble ta the Property `
<br /> -• �vhich may attain priority over this Security Instrument, and leasehold paymenGS or ground rents, if 1ny. Bon•ower shall pay
<br /> these obligations in tlic manner provided in paragraph 2,or if not paid in that manner,Borrower shall p�ry th�m on time directly
<br /> , '': [o the person owed payment. Borro�ver shall proinptly fumish to Lender all notices of umaunts to be paid undcr this paragrapli.
<br /> ;"'��' If Borrawer makes these payments c3imctly,Barrower shall promptly furnish to Lendcr reccipts evidencing tne payments.
<br /> .,r:;:,, S �br:::
<br /> � ::;;;i;,`.;- Barro�ver shsill promptly discharge any lien which has pnority over this Security Instrumcnt unless Borrower:(:�)� recs�n �� ,
<br /> " ':��t�.��� writing ta the payment of the obligation secured by the lien in a manner accepta b le to[.ender, (b)contests in good itti'th the lien ��,�_;
<br />'•'•� • .. by. or defends u�;ainst enforcement of the lien in, (egal proceedings which in the [.ender's opinion operate to prevent the
<br />,.:. ' �` enforcement of the lien;or(c)secures from the liolder of the licn an agreement satisfuctory ta I.ender subordinatin�the licn ta
<br /> ';�;;;, • this Sccurity Instrument. If Lender dctermines that uny part of the Proper�y is subject to a licn which may attain priarity ouer
<br /> ...���,� � ' this Security Instrument,Lender may give Borrower a notice identifying the lien.Borrower shall sutisfy the lien or tuke one ur
<br /> • ,,,,. more of che actions set forth above within 10 days of the giving of notice. �
<br /> r
<br /> ''r'"'� �—:- 5, HLi7.�TU OI' �i'OPt'Ciy iuii6fdTa�c. uv��G3'::�i �hwtl 4npn thP �mnrovements now existing or hereafter Ef60tCd OD 1 C
<br /> i :'�;,,, :. �'S� ,� Property insurcd against loss by fire, hazards included within thc term "extendecl covernge" and any other haxards, inciuding
<br /> tloods or tiood[ng,for which I.ende�requires insurnnce.This insurance shnll be maintnined in the amannts and for th�perioc�s
<br /> .: +.:;,..rr.;:;�:2';it:,�.. _
<br /> �• '`;'1"•�"��:�,'- that Lender r uires. The insurance can�er providing the insuranee shall be ehosen by Borrower subject to Lender's approvat
<br /> ' •�<,;��..�., �1
<br /> which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above, Lender may, ut L.ender s
<br /> option, obtain coverage to protect L..ender's ri�hts in the Property in accordance with paragraph 7.
<br /> •• All insurance policies and rcne�vals shall be acceptable to Lender and shall include a standa��l martgage clause. L.ende.r
<br /> shall have thc right to hold the policies and renewals. if Lcndcr rcquires,Borrower shall promptly�ive to L.cnder all receipts of _
<br /> �� paid premiums and renewal noticcs.In thc event of loss,Borrower shall give prompt notice to the insurancc cai-ricr and I.ender.
<br /> Lender may muke proof of loss if not made promptly by Barrower.
<br /> „ Unless l.cndcr and Borrowcr othcraisc agrce in �vr�t�ng, insurancc proceeds shall he aFplicd to restoratlon or repair of the
<br /> Pmpeity damagcd,if thc restoration or rcpair is economically fc,�sible and I..cnder's sccurity is not lcssened. If the restoration ur
<br /> , repnir is not economically fcasible or Lender's security N•ould be Iessened, the insurance procculs shull be�ipplial to Ihe sums
<br /> � sccurcJ by this Sccuriry Instrunicnt. �vhcthcr��r not thcn duc, with iiny cxccss paid to Borrowcr. lf Borrowcr��bandons thc
<br /> Property,or docs not answcr witl�in 30 days a noticc from Lcndcr thut thc rosurancc r:uricr has offcrcci to sctd�u cluim,tlicn
<br /> �� � Lender may collect the insurance procteds. I.ender may use the proceais to repair or restore ttie Propeny or to pay swns
<br /> secured by this Security Instrument.�vhether or not then due.The 30-day period will begin when the notice is given. -
<br /> � Unless Lcndcr and Borrower othenvisc agree in writins, any application of proceeds to principal shall not cxtend or �__
<br /> postponc the due datc of the monthly paymr.nts rcferred to in par:�graphs 1 and 2 or change thc amount of the payments. If —
<br /> under para�raph 21 the Property is acquiruf by [.ender. Borrower's nght to uny insurancc policies and proceeds resulting from
<br />- damage to the Property prior to the acyuisiuun shall pass to Lender to the extent of the sums secured by this Security Instrument �_
<br /> immediatcly prior to thc acquisition. ���-
<br /> 6. Qccupuncy,Preservation, 6laintenance und Protectton af the Property; Borro�ver's Loan ApplErntion;Leaseholds. R___�
<br /> Borrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days aRer the execution of W_. ,w.
<br /> � - ehis Security Instrument and shall continue to occupy the Propeny as Borrower's principal rcsidence for at least one year after
<br /> the date of occupancy.unless Lender otherwise agrees in writing. which consent shall not ne unreasan�bly withheld,or unless �;�r.
<br /> =�� extenuating circumstances cxist which am beyond Borrrnver's control. Borro�ver shall not destroy, damnge or impair the
<br /> Property, allow thc Property to dleteriorate,or commit waste on thc Property. Borrower shall Ne in default if any forfeiture
<br />- action or proceeding, whether civil or cri►ninal, is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> Property or othenvise mxterially irnpair the lien crwted by this 5ccurity Instrument or L.ender's securiry interest.Borm�++er may . ,
<br /> � cum such a default and reinstate.:ns pmvided in paragraph 18. by rausing the action or proc��eding to be dismissed with a ruling
<br /> - that, in Lendcr's good faith determinatian, precludes forfeiture of the Bonowcr's intcrest in dte Property or othcr matcrial
<br /> ' � impainnent of the lien c:reated by this Security Instrument or L.rnder's security interest. Borcower shall also tx: in default iF
<br /> Bottower,durin�the loan application process, gave ntaterially falsc or inaccurute inforniation or stutements tu Lender(or failed
<br /> . •- to pr�vidc Lendcr with any material infurmati��n)in connection with the loan cvidcnced by thc Notc. including,hut not limitcd
<br /> � , to,n:pmsentations concerning Born�w•er'y uccupaimy��f the Property as a principal rcsidence. If chis Securiry Instrument iti un a
<br />- ' ,,, leasehold, Borrower shall comply with all the provisions of the Iease. lf Borroaer a�quires tcc title w the Property, thc
<br /> leasehold and the fcc title shall not mergc unless Lender agrees co thc mcrger in writing.
<br /> ° • 7.Protectton of Lender's Rigl�ts in the Property. if Borro�ver fa�ls to perfornt the covcnants and agmements contained in
<br /> � �______,- __,.,_-.,___- _ this Securiry Instrument, ur there is a legal proceeding that may significan`ly uffect Lende�r S'n�^nc����hen Lend r nu�v do►nd
<br /> _ - --- -- . .
<br /> proceeding in b:�ikruptcy,probate.ror rnnaemnacwn ur tut�cuwc v� av....... ...•••• --• --o-•--- • � -
<br /> i.. � , • Qay fbr�cltatcver is neccssary tc� protcct thc value of th�: Property and L�:uder s rights in the Property. L.�nder's activnPs y�aF
<br /> - + ►nclude paying any swns secured by a lien whirli has priority over this See:urity Instrument, appearing in coun, a in
<br /> �. � , reasonablc attorneys' fces and cntcring on thc Property to makc repain.Although Lendcr may takc ac:nun under this paragraph
<br /> ; � '7,L��ndcr docs not havc tu do su. j
<br /> �� '� Any .mtounts disbursed by l.rnder undcr this par:tgiaph 7 shall become additional Jrbt of Burruwcr sccured by thi.
<br /> � date of ci sb nen cntUnl hc Norte�r.uc an sh II bek�tc iblc�thv'the ntcrc�tP u�x�n n t'ircefr�m Lcndcr'SoNBc rr merymyueneing
<br /> P�Y�
<br /> i� �
<br /> � payment,
<br /> �. 8.M1tort�age I�uurancc. If l.cndrr nryuin.�i mongagc insur.mcc as a cundit�on uf making thc Ivan.��urcS by t us crurm
<br /> Insttuntent. Borrowcr shall pay the pn'miums rcyuircd tu maintain thc n�ortgage insurancc in cffect. If, fe�r any rea:+un. the
<br /> mort�age insuntnce��veragc rcquired by L-endcr I.�pscti ur rea�e. w be in ctlect• Burro�ver sliall pay Aic prctniums rcyuirexl li�
<br /> � • obtain rovcragc:substantially cyuivalcnt ta thc mortgagc iiuuran��c pn:vious[y iii cff�tit,at a cust sub�tanti:dly cquivalcnt tu thr
<br /> cost tu Born�wer of thc mortga�c insuran��e previously in cFf��:t. from an altcrnatc mortgngc insurcr uppmvtd b}� Lcndcr. It� i
<br /> .1 ,
<br /> P.,�c` �a• Form 30'28 9190 .
<br /> �;; . .
<br />
|