|
;�7 •_•�r`tM`���1. .. �Rri ^ti � ��:1 . . . . _-
<br /> r ��'1: � r • „�� � ._.
<br /> „ ,.... .�.,
<br /> .,, � . ,
<br /> �. � �i� ' ,. � . .. ,
<br /> . , . . . _ . . .. � � � -:,. - -� - ---
<br /> . .. . :.,�_ �� - -
<br /> �.�.,..: _� ._._- -- W..._�w�..,�.,.,..�—.���_�_�_._�- -.:. � ,�.�„�, —
<br /> .�.:::.:.. � — --- --- ---- —
<br /> - ,
<br /> :��:�..�:-.�` . �Eg��.•r �,�f�rd�� _-_
<br /> .. .���
<br />- - -�:�:_:�;:,�;a ,
<br /> „ „ . -� ;s:, �a:� L�.u�,��l tij� ri fc����:l .:,�•�.��y, i�i=�n;��:,:�v.d�tv, <<, rn��,} .__
<br /> , , . ,
<br /> � AEf`.; ��l:li.�S L�I''�� {:.: {Cil� li; �q 11i.1'itlllU�i l'i��{i"' (�-:�'` . . '. . :'1 j���_'1�(Sia�..51 � - . ..
<br /> ^�A
<br />. -.,.,--'_�_-T-�� (IfiL'TU1�111L U.:i1Clii.1� Xl�rii�i:l" IS hltLilDii li�".F3�CllUi!}Ua lli i4fy��i i� i t��i13c�!::�!':-+4 I�.�d�:. �`.i•'T-�:.� �� :�,���'� ('' "-_._ .
<br /> ----_�� Cscrrnv It2�ns. l.cudr.r m:ty Rot churge t3orrowcr Sor izo°.Jir�F a.nct applyiizn dic C�!�uis, an�wally ur►aly�ing tit�r•.i.i���t+:�CiO�;,..�f. ,^._
<br /> - veriCying thc�scrow Itcros,e�nlesti I.ender p�ys Horrawer i�uertst on tE�c E�u►xls utK1 u�7E1�1CatLC�AW pen»it5 C.cit�3�r t�i nwkc+uch
<br /> u ch:uge. Howevcr, l.�ridcr rnayt�quire Bt+rro���r tu�ay a ane-timc chxrge f'ar au irxlepelxl�ne reul e+tute la�x re.�ning Servi��c
<br /> u5ed by l.eudcr in conrx�:tian with this (G�il, unless applicable law g,rnvides athctwisc. Unless tu� agrcemcnt is msde nr
<br /> -- applicabte Ixw requires i+ncrest to be paid, Lertde►shali�wt bc requiro�io pay�orrow�r any interest ar e�rnin$s un thc Irwxis.
<br /> . Burrower and l.endcr may agn�e �n writin�, howcvcr, that inYCrest shall be paic�on the �unds. I.erxfer shxll give to�.�rrowcr.
<br /> ` without charge. �n annuut accounting ot'the Hu��is. SIIUWIiig �i.;;lits a��A 3::�its to tk:� l=t�e�F�^+�the pt!r;Tnse fnr which ea�:l� �—
<br /> -- debit to ihe Funcis was madc_The Funcls ars pledgai as additional securiry for alt sums securat by this Secw•ity Instrument.
<br /> If thc.Funcls held by I.ender exc�ed the amnunts pcnnitted to b�hcld by applfcable law.Lcrwer sha11 account to�ormwer
<br /> � for the excess Funds in accordance with IhG requirements af applicablo law. lf the nmount of thr.Furxls held by Lend�r at any
<br /> time is�wt suffictent to pay the Escrow Items when due,[.enc:er rnay so notify Borrower in wrlung,anci,in such case Bore'c�wer
<br /> shall pay to Lender the amount necessary to make up the deficiency. Borruwer shall mal:c up the deficicncy in no mare tha» __
<br /> __ nvelvc munthly payments,nt Lender's solc discretion.
<br /> Upon paymcnt in futl of all sums suured Uy tliis 5ecurity lastrument, Leudcr sh:�l pmmptly ref�u�d to Horrower any __ _
<br /> --- Funds held by I..ender.If,under paragraph 21.Lender shall acquire ar selt the I'cope�ty.Lender,prior to the ocyuisition ar sale
<br /> _� of the Pruperty,shall upply :►ny Funds hcld by L,ender at the time of acquisition oE sale as a credit ag�insE the sums secured by
<br /> th3s Security Insuument.
<br /> 3.Applicadon of PAyrnen�s.Unless applicable law provides othenvise,al!payments reccivod by I.ender undcr paragraphs
<br /> 1 und 2 shall be appliod: first,to any prcpayment charges due uRdcr the Nate; second, to amounts payable under paragrapli 2;
<br /> third,tu intertst due•foutth.to p�inc�pal due;and last,to any late charges due under thc Note.
<br /> __ _ __ A.Ch�rges:Gien�.Borrawcr shall pay afl tvices.ussessments, charges,fines and impasitions attributable ta the Property
<br /> --_—� which m:sy attain priority over this Security lnstrument, and leas�hald payinents oi�g:ound rt:nts, if anY• Borro+.ver sl�al! pay
<br /> these obligations in the manner provideA i�paragraph 2,or if nat plid in that manner,Borrower shall pay them on time directly
<br />_,__,,,�,;,�;,�,� to the�r'ott o��e1 paymenF. R�rrower shall promptly furnish to l.ender ull notices of amounts to be paid undcr�his parsgrapb. �,,,,- •
<br /> - tf unrrnwrr makec thccc navments directiv.Bonowcr shall promptly fumish to I..ender re�ripts cvidencin�i3iC��ayi'uc►�is. .�:-,-_�
<br /> ' �---^-.__...__. ,_. _.._.....a- -
<br /> --- --�� Borro�vcr sliall promptly dischargc any licn which has pr�or�ty ovcr tnis�r.�uri�y in�«u���«�.��:••.��w••����•.��,�b•�••• °
<br />-_�;��ti.�?i�",�1
<br /> __....,,,,�_r,,.,�� writing to the payment of the obligntion securecl by the lien m a mrtnner acceptable to L.ender,(b)contests in good inith the lisn
<br /> ---- -- by, or defends against enforcement of thc lien in. Icgal procccdi�igs which in the Lender's opinion operate to prcvcnt the
<br /> --" - enforccment of the lien; or (c)secures 4'rom the holder of the lien an agreement satisfactory to I.cnder sulrordinatir.g thc liei�to
<br />_.__.,;�;,� this Security Instrument. If[.ender detemtines that any part of the Property is subject to a lien which m1y attain priority over �
<br /> °—���-- this Security Inst[ument.Lendcr may give Borrowcr a notice iden4ifying►he lien. Borrower shull sutisfy the licn or take one or
<br /> "-"��1��� more of the actions set torth above within l0 days of the giving of notice.
<br /> _..,.,�,•_
<br /> r:��+� 5. Huzurd or I'xoperty [ttsurance. Dunower,shali kecp the improvemenGS now existing or hereafter erectcd �:n t e
<br /> - - �' �b ��- Pronem• insured against loss by fire, ha�ards included within the tcrm "extended coverage" a,�d any other hazards, including
<br /> ���i-"'�a'�" floods or Flooding, for which I.ender requires insuranee. �ihis insurance+hali uc�iia�r�i;ir�:r.t�`;;,amouni°.st�F�i�h°�."'''!"�`
<br /> ' #
<br /> �,�::�_ that Len3er requires.The insumnce carrier pruviding the insurance shall be chosen by Borrower subject tc� Lender's approvat
<br /> � -�-!• �vhich shall not be unr�asonably �vithhcld. If Borro�vsr fails ta maintain covcrage described above. Lende�may, at l.endcr's
<br />_ '� ''t'"t�. ` option,obtain coverage to protect Lender's rights in t9��Property in accordunce with puragroph 7.
<br /> .`'„=r, �+'?•';'k• All insurance policies and renewals shull be acceptable to Lender und shall include a sta�idard mortgage clause. Lender
<br /> -:..'+?;,:t,`.;.M` shall have die right to hold the policies and renewals. If Lendcr requires,Sorrower shall pramp:ly give to Lender all receipts af
<br />_,.�,�,v;�,�z=• •
<br /> ;•�,��_�.,;�,�* . paid premiums and renewal notices,In the event of loss,Borrowcr shall give prompt notice to 4'he msumnce carrier and L.en er. —
<br /> .;;r,,:T�...:,�.� Lender may make proof of loss if not made promptly b;�Bonower.
<br />:�'r�j•���.��*•��'�^�� Unless Lender and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoration ar repa3r af the =__
<br />`.�:=�P--•:•+ar.r:�11:' property damaged.if the restoration or repair is economically feasible and Lender's security�s not lessened.If thc restoration or _
<br />=`;�?t. ';;;`.'""�� • repair is nat economicaUy feasible or l..ender's security would be Iessened, the insurance proce:eds shall be upplied to the sums �__.
<br /> s�-. � ,�j��•b,� - secured by this Security Instrument. whethcr or not thcn due, with a�y excess paid to Borrower. If Borrower abandons the _
<br /> ._ .•:••�e.: Nropeny, or does nat answer within 30 days a notice from L.ender that the insurance carrier l�as offered to settl�a claim. then ru_�
<br /> •-• �� '�•' ''-�° Lender may collect the insuren�e proceeds. L.ender may usc the procceds to repair ar re.crore the Property or to pay sums �`_.
<br />�-.}`•�`.,"•., �. 'i` sccured by this Security Instrument, whether or not then duc. The 30-day period will bcgi�when the notice�s given. �t:;_:
<br /> •^.••�•'°��°�-^�•�- Unless Lender and Borrower othenvise agree in writing, any application of proceeds to priucipal shall not extend or �T•..
<br /> .� , �`°�,;;.,� postponc thc due date of�hc monthly paymcnts refcrrcd to in paragraphs 1 und 2 or changc the amount of the payments. If �zv;
<br /> under paragraph 21 the Property is acquired by Lender, Rorrower's right to any insurance policies and proceeds resultin�from
<br /> �� daimagc to thc Property prior to thc acyuisition shall pass to Lendcr to the cxtent of thc sums secured by this Security InstPUment ��'
<br /> ., �, �°�`�`.
<br />- - '� ; immediarely prior to thc acyuisition. �"�`�-
<br /> 6. Occupancy.Preservation,Muintenance and Protectton of tite Property;Borrower's Luun Appl(cation;�.c�ase'holcl.�. �
<br /> � Borrower shall occupy,establish,and use the Property as Barrower's principal residence within sixty duys after the execution of ;� `
<br /> " � ;.•,'� this Security Instrument and shall continus to occupy the Property as Borrower's principal residenee for at least one year after
<br /> ,:;�.� �. the date of occupancy, unless L.ender othenvise agrees in writing, which consent shall not be unreasonably wi[hheld, or unless
<br /> •. extenuatin�; circumstances exist which are beyond Bonower's control. Borrower shall not destroy, damuge ur impair the
<br /> Property, allow thc Pmpeny to Jeicrioratc, or commit wastc on thc Property. Borcower shall be in default if any forfciturc
<br /> action or proceeding. whether civil or criminal, is begun that in L.ender's good faith judgment could result in forfeiture of thc
<br /> ' Property or othenvise materially impair the lien createci by this Security Instrument or Lender's security interest. 8orrower may
<br /> • cure such a default and reinstate,as provided in paragraph 18,by causing the action or proceeding to be dismissr.d with a rulin�
<br /> � �� .. • that, in Lender's good Faith dctermination, prccludcs forfciturc of the Sottowcr's intcrest in thc Property or other r�nterinl
<br /> � ' impairmcnt of thc licn crc;ited by ihis Security instrumcnt ur Lendcr's security interest. Borrowcr shall also bc in detlult if
<br /> " Borruwer,during the loan application process, gave materially false or inaccurate information or statements to Lender(or failed �,
<br /> _ to provide L.ender with any matcrial information) in cnnncction with the loan evidenccd by thc Notc, including.but not limited .
<br /> to,representations contecning[iorrc�wer's ucrupancy of the Property as a principal residence. [f this Securiry Instrument is on a
<br /> � Icaschold. Borrowcr shall cmnply with all thc provisions of the leasc. If Borrowcr acquires fec tidc ro thc Property, the
<br /> �"��_;;,:; Icasehold and thc fec title shall not mcrgc unlcss Lcnder agrces to thc nu�gcr in writing.
<br /> 7.ProtcctEon of Lender's RI�!hts in the Property. If Borrowcr fails to perform che covenants and agreements cont:iined in
<br /> this Securiry Instrument, or there is a Icgal proceecling that mxy significuntly uffect Lender's rights in the Property (such xs u
<br /> � ' � procculiog in banlcruptcy, probatc, for condemnation or Forfciturc or to enforre laws or rcgulations), then L.�ndcr may do and
<br /> ----�— . . �__...�_._..__ :. ..d..,_..-..... ..,��„�.�,.� et,�. v:�lue�,f�he Proncrtv :ind Lcnder's ri�hts in thc Property. Lcndcr's actiuns may
<br /> N�.y �.,, w��a..,.... .�
<br /> � •� mcludc paying any �sums sccured by a licn w�hich has priority ovcr this Sccuriry Instrumcnt, appcarmg �n coun, paying �-
<br /> " rcasonab;c attomeys' tecs and entcring on thc Properry w make repairs. Although I..c:n�cr may takc action undcr this paragraph l.
<br /> f
<br /> 7, Lendcr docs not havc to do so.
<br /> Anv amounts disbursai by L.cndcr undcr this paragraph 7 shull bccome additional debt of Borrowcr ,ecurcd by this
<br /> ' _ . " Security�Instrument. Unless Borrowcr and l.endcr agrce to othcr tenns of payment, thesc umountti tihall bcar intcrest from thc
<br /> -� date of disbursemcnt at thc Notc ratc and shall bc payablc. with i►uerest, upon noticc from Lcndcr to Burruwcr rcqucsting
<br /> ' payntcnt. I
<br /> „ , 8.Mort�n�e Insureanee. If Lender req�ireci mortgage insur:mce as a cundition oi making the luan secureei by this Securiry
<br /> Instrument. Borro�ser shall pay ihr. premiums required ro maintain thc mortgage insurance in eff'ect. If, fur any rexsun, the
<br /> � � mortgagc insuranrc cover�ge rcquired by Lcndcr lapses or cu�ses to 6c in cffcct, Borrowcr shall pay thc premiums rcquired to
<br /> obtain covcr�gc substantRally cyuivalent tu thc mortgage insurancc previously in effect, ut a c�st substantially cyuivalcnt to thc �
<br /> � _. cost to B^rro�ver of the mortgage insurance previously in cFfect, from an altcrnate murtga�e insurer approved by 1.enJer. If
<br /> v,yo z oi a Form 3028 9190
<br /> �
<br />' � - —_....i --
<br /> __
<br />
|