|
-s_ _ i ; .) . t[.
<br /> t -� � � _ •' � tl� s"�`-
<br /> t� " .;L:. / . "< - . .�., ..' '{y . . .y . _,� +�?'� .3 _ _.
<br /> 't . � �. � � k;.R r"'� �[ �1 y'• 'c„x�
<br /> '� ` -{.t ' f . - . �c ��� � � - - ���x(�:t. ..c i o �{ � � ����.� , iy y ." SL �jyy'��� '— —
<br /> ., .�� .. c�1' - ` ' <- �{ � _ :r� a.- � a ,w�� _'-i_ M �� p 'S = —
<br /> � �t�.�.o4Lt� 3. �"�'":'G.r"3�� � �`3 hy� � � . ��F � ��q �� iJ,fj�.if'L t � 313-�4.� . _ —
<br /> ..a. . —. _ _ � "�' ...� � .i: .f t•t-.� H • , � �� S�`,�,���� "�c-�yti.-
<br /> : --,J ti ', c." zc . - . _'+ :..�. .Y•!r?_�ti 4Ra4.�'.ti; `C_ x. a� _.r-' 1 e�y �.��
<br /> � �a+ _ cY"- `K1T' ..�� -�� — _--
<br /> '
<br /> _�-'�, ra.+: G __-.. -,".�ifci�SlS.`-'i'a=.tsr_t��---•=_-^qe-�—,i�iQ�_.+��..T�6+7YY.`�- °_ � .- ,. - - � - -- --
<br /> _.,� -.� � ._
<br /> .-•-°° _ � ""_
<br /> .�� �� . � �,�5.• 1t)�:�l.��6 - Y , a --- -
<br /> e ,� - -
<br /> ,�,���_
<br /> �,F��� ... . . . _ _ �--
<br /> 'Ch�Fund� shaii 6,� h�td.in aninsYitution c;ho�depnsits �ue �asurcd by u fedc,ml ugeacy. instrtmte�sality, or�entity , �,_ �
<br /> � . = ---
<br /> -- xp=�� (mctuding LEnder.jf Leader is such aa institution)o�in any Fcdcra!Home Laan Bank.Lender shall apgly�Funds to yay.tite —
<br /> — Escr�asr itea;s,i.eit�maY not char�e�orrower far hotdiag and agplying the FunQs.annually anaiyz�rr�t�escrow aswv�,ur �'°�=-
<br /> �-�� verifying th�Escrotiv dtems,untess Leuder pays Sorcawer interest on the Funds and applicabte la�v permits ixnd.r ro make such . '' � _ _.
<br /> s�:�� � � a c�C;r�e:tYa�evcr.Lender[nay rcquire�arro�ver to pay a one-[ime charge Car un mdepen�ent real estate tax rzgorting�eitvic� ��;�� __ _—
<br /> 3��- , usscl by Lender in eonn�cttoa an'th ttus taan. unle� applicable 1�1 provides ot�erwise. [Jnless an a�xnt,Is made ar __
<br /> � �i applic�bte lasv requires interest to�c paid.Les�der sha0 ttot be requir�to pay Borrawer aay urterest or eamings on�e Faads. �' � -- __
<br /> �_��'_ . Boaroi��r and Leuder a�ay agree in wntina.howeeer,that interest shal!6e paid on the FunGs.Lender shall givz to oratrwer. �.�
<br /> ��a�:+},�` withnui chmge. at�annual sccouatin�of tke Funds.showing credits and debiu to the Funds aad the purpose for whici�eas� -'�` I'�_'�"�=-
<br /> :'�'_=�^. . � , �-c 3r� - .
<br /> r debii t�the Funds was made.The Funds are plat�ed as additional searrity for al�sums secured by this Seruriry Ynst�ument. `����,
<br /> �� ���� �f If the Funds heid by[.ertder eaceed the amounts petmitced to be hetd by appli�able law,L.ender shall axount to Bosower � +x � _=
<br /> �.� �' for the ex�s Fmids in aacordance with tfte req�siremer�ts af a�pl�€e law.if tke amou�t of the�u��s h�by��e�'az�Y • ' ''�`�y-°--�'_
<br /> titne is not sufficient to pay the Fscrovi Items�vhen due.i.�nder may so nottfy Borrower in cvriting,and,in su,cA case Borrower �#S �F -_
<br /> ��__• shal!�Say to Le�der tke atnount necessary to wake up the deFciency. Borruwer shall make up tha deficier.cy in no more than
<br /> �,,.,_��"�.V bvelve monthlY P�Y��,at i,eader's sole discretion �..�n ���,�" _
<br /> _ _ Upon puym�nt in fnll of all sums secured by this Securiry Instrument, Leuder shall prompdy iefund to Bornower an} �a �'r :� -
<br /> .�•--�-�� Funds held by Lender.If.under paragr�h 21,Lender sha[l acquir�or sell the Praperty.I.emder.Priar to i,`�a acquisition or sale �- .� t:,�...�-,
<br /> ,�� �� fi' of the Progerty. shall apply cury Ftrads d�2d by Lender at the time of acquisition or sale as a credit against the sums seaitec!by . . << � �, -_
<br /> F.�`��, �: this 5ecurity IusuumenL ' . ''�����"�`.� �-—
<br /> 3.ApgUcation of Payments.Unless applicabie law providss oihenyise.ali payments received by Lender under paragraphs �,� t._�
<br /> %•F��' '�r 1 aad�s1�F1 be�p pfied:first,to an y p n e pa y meut c h a r ges rlue nuder the Not$• secand,to amounts payabJe under paragraph 2; '��� {�.�u} _---
<br /> :;-` � thi�d,Q�in¢�sx due;fowtti,to prisicfipat Qae;a�ed last,to any late c6arges dne u n der t h e Note. ':' .. , :u�� ,, � --
<br /> ,�-: 4-�Ua�^sgr�;LS¢u�.�armc�er�iaD pay alt tar.es,ass��►�enr� sharges.fu►es and imgositions amibutable to tbe��aqr . ,, r � d�z:t=
<br /> - ,��`��'�-�_
<br /> L -,�� vr�Cic6 may auain prios�over this 3ecnrity In�avment,aad(easehold paymsnts or ground rents,if any. Borcowet s�.p� ': �„�,,��3 --
<br /> vr '
<br /> �� Y '"R e�obligaqons in�m�rler provided in par�g¢ap�2.or if aac gaid in that�er,Boaower shall pay them on tune d."�iy� : ��� -
<br /> ` .r• em the u+t�p� �'";�arr4►g� ro fmnish w.�nder a�l notices af amoir�s w be a�d nndea this :, .'�'�P�� _
<br /> . " �¢ts�e �'�tn..W �P �Y P P�'�P� :�,� ��tr' '
<br /> '��'1� � � lf 8o:rou�c�'���ye�3sdu�CfX.Borrower shall prom��fu3vish to Lender rece:��:.3dencmg thepayme�nts. -`� ,� -
<br /> �;��f��Yt� .a,;;::.:E'��c��f+^..;.,1�-�7 dis-.`=m+„.r..�Y lien which I�as prior�t over tlus Security iastrur:rrz�:unless Borrawer.la)ag�ees in ,F�� �----=-
<br /> r,t�}�,�'��,"''�' : �:wnn�t�r�r.�Y��,".::r z5�ebliga�o�secared i�u;�s�a in a manaer acceptable w Lender;@)contests�in goo�.faitb tbe lien r rr_
<br /> ��-*�:5_�orcemern of the lien ,jzr�►e�-�al proceedings wbich in the Lender's apinion o W prevem the `'� "
<br /> �by, or ce;• pecate �� -
<br /> �,�r.��; ' � enforoementof the lien;or(c)seeures from We holder of th�a lien an agreement satisfactnry to Lender subotdiaating the lien to • ��a�-v�����
<br /> ;��'<�;;,: this Sc�uit3r•Instrument.If Leader determines that any part of the Property is sabject to a lien whicL may aitain priority over . •''.°�`""--�---
<br />'':�'t�'f�':����_ this Security Instrnment,Lender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or take ane or ` ���'•-__
<br /> � - more of the actiot�set forth above within 10 days of the giving of noticr. - �.-�'?'�'.= �.-
<br /> �,. ��;� 5. Na7artl or Propert� Insurance. Borrower shall keep the improvements now existing or hereafter erected on the , .
<br /> ��`.-�, Property insured against loss 6y Gre. hazards included within the term"extended covera�e"and any uther haiaids. inctading '.;' ��-! �'
<br /> ' ''� floods ar ftonding,for which Lertder requires insurance.This insurance shall be maintained in the amounts and for the periods • ; �
<br /> �` that Lendes requires. The insurance carrier providing the insurance shall 6e chosen by Borrower subject to l.ender's approval -!��'.::'
<br /> • , �� which shaft not be uraeasonably withheld. If Bonov�er fails to maiutain coverage desrribed above. Lender may. at Lender's � �.� , "
<br /> , • ,,•.;�•, opuon.obtain coverags to pratect Lender's ri�hts in the Praperty in accordance with paragraph 7. . • '
<br /> _,..•,�..,,. ..
<br /> p►11 insurance polieies and rettawals shall be acceptable to Lender and shali include a standard mortgage clayse. i.ertder . �.�-: , ,
<br />-�r�-"'"''�i` shall have the right to hold the poticies and renewals.If Lender requires,Barrower shall prompdy give to Lender all receipts of �� �. .:.'
<br />-.:—"t��•i�=w�.' .
<br /> �: �- r aid remiums and renewai notices.In the event of toss.Borrower shall give prompt notice to the msurattce carrier and Lender. , ::,•. : �,
<br />:�u ..� .�.� P R . ` ..
<br /> -,.�t_'�.�!! l.eader may roake proof of loss if not made promptly by Borrower. :<c� r' �
<br />;r�-��'� � Utiless Lender and Borrower otheiwise agree m wnnn .insurance roceeds shall be a Ited to restoratian ot air of che ; ;
<br /> .,,..�,�,.�� S P PA � ..:.�,
<br /> � � y Property damaged.if the restoration or rep�ir is economically feasible and I.ender's security is not lesseaed.If the restorarion or • 'X'.,'."
<br />'_k;`�':-'.'�,y�.�. repair is not economically feasible or Lender's security would be lessened.the insurarece pmceeds shall be applied to the sums . .��;,�;�
<br /> "'•``•r.�''`-"�'" secured by this Security Instrument. whether or not then due. with any excess psud to Borrower. If Borrawer abandons the ' :;�� ;�-
<br /> _�.�-�.-<y:-.
<br /> .x�..,-,� Property,or does nat answer within 30 days a notice from Lender that the insurance carrier has offered to sente a claim.then �''p��;���
<br />..�- ...�,.,'�.'f Y P A i'�Y, P Y � ..:�„Y.f
<br /> •�,�-._„r. ,. ., Lender may collect the insurance proceeds. Lender ma use the roceeds to repair or restore the Pro e or to a sums �: �y ' �-
<br /> aR���`r•''<;•� secvred by this Security Tnstrument,wheiher or not then due.The 30-day period will begin when the notice is g�ven. :..:.;:��?,,�'s'��:,=
<br /> ,,.,_:� _�,- ";>,..�..��. , t• �Y. ��
<br /> Unless Lender and Borrower.aYhenvise agree in writing..any app lication o f pr o c e e d s to principal shall not extertd or tt�'•, .�,�,;-.-n
<br /> ��� postpone the dne date of ths monthiy payments referred to in paregraphs 1 and 2 or change the amount of the paymeats. If ; �`f��,u� � :;�,.�
<br /> I ,�� under pazagraph 21 tT���'ss�,perty is�acquired by[.ender,Borrow�'s nght to any insurance policies and proceed.s resultifig fram , ,,
<br /> �' damage tq tfle Proper�r priot ta the acquisidan shall pass to I.�e:to the extent of the sums secured by this Securlty Listrument t �.
<br /> ��� immed'e�,�1y prior to the acquisitian.. .' ` .�''` '`
<br /> �'` Preservatiorr.;LE�inienance and Protecttc��c�3 the Pro ' PPltcation:I.easehnlds. .-�,�i;�'�f`''f`
<br /> �` .,.:.. r, ,:,
<br />- . ;,,�;,.,; a 6.�r+cupancy, PertY._BorroRer s I.oan A . •r���i�±��. > --._
<br />�_i, �.,�y`,.�r� -.�;�..�i'�;'•� -
<br /> Borrower shalt occupX,establish,a�d use the Property as Borrow�'s principal residence wizhin sixty days afrer the exocuts`on of ,.r�� �:`�;��.
<br /> - ~ �•;``-1 , this Security Instrutr:r,.and shall continue to occupy the Property as Borro�ver s principal residence for at least one year after . .. . �
<br /> �;{'��`�;';;:'�" the date of otcupancy,unless Lender othenvise agrees in writing. which co�s�t st►all not be unreasonably withheld,or un1CSS . , .
<br /> �:��:f�;' �` extenuating circnmstances exist w�ich are beyond Borrower's control. $orro�ver shall not destroy. damage or impair the ' • . � .
<br /> - -::: �a.;," Property, allow the Property to deteriorate. or commit waste on the Property. Bonower sltall be in default if any�forfeiture , . • � '€
<br /> `J��� �"�,"''' acuon or praceeding.whether civil or criminal, is begun that in I.ender s good faith judgment wutd result in forfeiture of the ,
<br /> �,�.: � .
<br />;',''�,;,;�:a.;.;= Property or othenvise mater�ally impair the lien created by this Security Instn►ment or Lender's security interest.Botrower may -• °
<br /> =r"�'r'?`3�>j` . cure such a default and reinstate,as provided in paragraph 18,by causing tho action or praceeding to be dismissed with a rulin� •
<br /> ;�-_;__.
<br /> ��'��`` that.in Lender's good faIth determination, prectudes forfeiture of the Borrowcr's Interest in the Property or ather material ' . .
<br /> ..�.L�i_;.r�;.:
<br /> ;��H�?, impairment of the lien created by this 5ecunty Insttument or Lender's securiry interest. $orrower shall also be in default if . �
<br /> n:.,�_.,,-
<br /> -_�=��,�: Bormwer,during the loan applicatinn process.gave macerially false or inaccurate information or statements to l.ender(or failed
<br /> t�- to ptovide Lender witb any matcrial information)in connection with the loan evidenced by the Notc.includin�.but not timited • .
<br /> 7 '}�'r'*:• to.representations concenung Borrower's occupancy of the Properiy as a principal residence.If this 5ecariry Instrument is on a . .
<br /> ,,��•,:���; Ieasehold. Borrowe�r shall comply with all the provisions of the leasc. lf Borrower ucquires fer title ro the Property, the . ,� .
<br /> :Y'=:��-�c���.. leasehotd and the fee title shall not merge unless Lender agrees to the merger in writing. � . . � . .
<br />_ " �
<br /> - -"�'''`°?�.._ 7.Pmiection oY Y.ender's Rlghts In the Property.lf Bonower fails ta perform the covenants and agreements contained in "
<br />.�:���~L=",��;. � thie Security Instntment,or there is a Icgal proceeding that may significantly affect Lender's rights in the Property(such as a • ,� �
<br />_=:��`�;��'!�", pracceding in banktuptcy.prabate.for condemnaiton or forfeiture or to enforcc laws or regulations), then Lender may do and .
<br /> •'����y�"'-` Qay for whatever is necessary to protect the value of�he Property and Lender's rights in the Property. Lender's actions may ° " � �
<br />-====°i' :=.:`�': mclude parying any sucn9 secured by a lien whtch has priority over thls Security lnstrument. appearing in coun, paying � �
<br /> '='�R'���'�"� rcasonable attomeys'fees and entering on the Property to make repairs.Although Lcndcr may ta�ce sction under this paiagraph .
<br />_::w'�a;,_�t�:.;,�;.!. 7.Lender does not have to do so. � � . .
<br /> ., Any amounts disbursed by Lender under this paragrnph 7 shall become additional debt of 8orrower sccured by this . .. _
<br /> �-;��,�;�::r� Secnrity Irrstrument. Linless Borr4w�:r und I.ender agree to other terms of payment,thesc amaunts shall bcar interest from the .
<br />- �"""`"'"`' • date of disbur�.�n:en�.se't4:e :�'ca: a�:e nnd shall be payable, with interest, upon notice from Lender to Bonower requestin� �. .
<br /> . . . ;. • . .
<br /> �����'•'• • pay S Mor��Lit��:�ay.t�'r.r.�c�er req�irec4 mort�ge insuzance as u uondlddn nf mnking the lonn secured by this Security • �
<br /> a ` ';,�. Insu.::�-,e..zt,$�i^ra�:;.v*;i.�;l �y?hs �remiarns required to maintain the mnrtgage insurat�c�in effect. lf, far any reason. the �
<br /> >, ;; ma:���.'�°:.�.�r�».�'�:a�vera e r .:.:r•:�by Lender la ses or teasc�tn 6�in eft'ect� gurtnwer shall a the remiums vired to .
<br /> .� �- � �" P P Y P �"s ,, .
<br /> � '�,'� o8tai.�:�,�ru�rzz:.�.�'.r�`t�atially equi�atent to the mortga e insurance prev�ously in eft'ect,at a cost substantially equivalens ro the � .
<br /> � - cc^�L s;4..'°.:r�x�c�w�a:mott�ss�e insaranse��i�y 3n effeti.fram`at!2ltCnLte tttortg?.��incttter a�nmvect by l.ender. If - -- ,- ,_-
<br /> � ' . ° '. . ' r^. ' • . •
<br /> �+''', • . . . .. Pag32of4 Fomf3�Z$ 9/80 � , • : �. .
<br /> . � . . F.
<br /> . ��
<br /> .�:�. ,._ � � .
<br /> :
<br /> . ..d� .�t .. . .. ___ . _ •
<br />
|