|
� T . _ �.� -
<br /> . { ` - -i� �`��������,r- �--..---.-:,��
<br /> ...:��"r� "' _ -
<br /> � , _
<br /> . ..__ . _ ...., �... - . :;:.�.� �- � — ------
<br /> � . -��e .L. i��` +�
<br /> •Z .- - - _s„��s���.:�E��in��v��ni�.�f t� �r.�43�-�' o �,��—
<br /> .:Y:s �. __ _- _ - - - - -
<br />. . ._ . . .. ;- ._- , ' , ' . .-...
<br /> ' � " ' .. - _� . ��/4��� . _
<br /> . 'l�e Fu�cis s�al! be held in an instii�tian tiv�ase depas�ts sie in5ared tsy a fe�detat agencY• irr�tn�mentsiity ar caiity .
<br />� � Cittciuding I ender.if i�ea is suc�an ina'titti�io� ar�n aay Federal H,o��e Iaan Saak.Lendar sha1F aPPIY�Feands to pay tt�e .
<br /> n
<br /> �scrocv Items.Le�dQr c�ay nat charga Borrmvea oi 6nlding�nd applyin the Fnnds.unnuafly anaiyzing tlie es.�w tc�count.n� , -
<br /> verifyiag the Es�racv Items,niiless Ler�ter pays Boaowex iaYerest on the�utWs uns�np�iicat+le la�+_R�rmits Lender to snakQ sLV�b
<br /> a c,�arge.Eio�ever.Lender roayc�guite.8orrower ta ga�g or!�-time charge fisr ea i egeadent real estat�tax repattin�servic�e ,
<br /> y�i by LsndeE 3e� aonnerdiors wIth ttus toan. unless applicable.law ptavides oiheswise. Unlrss an agroeir�nt'is m�de.ur
<br /> 'appticabte law requicrs uuecest to he Qaid.Lender sh�ll not 6e rcq°ircd to pay B�ower any i�terest or eumings an ttcc E�tnsls.
<br /> garra�ver and i�det m�y a�rec�ia�nting;.however,that interest sha11 bc paud on the Eunds. Lendcr shal!�ive to Borrower.
<br /> _:_�uiiiin�.�. o�II 3i}�v�8^_.�..`eit"a°`.l��e FuItds,shuw�ina credits and debi�v tn th�Funds and Uhe putpose for wt�cb easA
<br /> - st�=3iciiid#��-�t'��— - '- _-
<br /> � debit to the Funds was rna e.'i`fielFdnds aie plcdg����'�9 I°r-�ii�� -
<br /> If the Funds held Dy LeaB�t exoeed the amo�utts�ra�ine�d=0 6e held by s�plicabig law,L�°ader si�lt accownt to Barrower
<br /> • for tfie ex�s Fands in accord�ce with tlie reqairzme�ts af agpticable taw. I€tl�a a�rsunt c►f ihe F�a$s�eE�-hy i�d�r.�r at smy ..
<br /> time is Rot sufficiem to�yr tYis�w Items when dae,Leader may so aorify Borrnwer in writin�,and.6n sach�e Borruwes
<br /> ' s�a14 pay to�krtdgr the amouat aecess�y w maice up the deficiency.Borrawer shall maka uP the d�ciensy in ufl more tban _
<br /> twsive mauthlY PdY�+at I�eader'3 sole dis�tian. • .
<br /> �Tpcm payment i�a full of alt smns 4erun�d bY this Secority Iasuumept. i,ea+der shall pmmptfy refund tv Rortowes any, -
<br /> Funds h�Id.by L�nder.If.undr�r p h 21,Lender st�al�acq�ure ar seil the Prugerty.Leader.DrLOr to the acqaisitIon or�e
<br /> of the�perty,sd�all apply any F�s i�eId by Lender at�c time�f aaqnisition or sale es a c�edit a�ainst the sums secured by
<br /> t11S.S SCNTttY Tnctni n .
<br /> � , 3. tian oi`Payc�tls.Unl�ss applicable taw�S�vides oth�rwise.a11 PaSrm�s re�iYed bY Lendcr andea gazagtaphs
<br /> 1 as�d 2�aPPlieil:fiiss. to anY P�3+���'ges due uader tiie Note;second,to amount3 payable undet paragragh 2;
<br /> tt�rd,to inten�t�;fourtb.to princiPal clne;aad 1ast,�to��r lase charges due auder the Natc..
<br /> q,Ci�rg��sis.B�oanwer s�aA pay aU taxes,Rcc�SSm_�,ch�r8es• Sncs and impnsitions aurcbutablc to tf�Property .
<br /> � wbish may atta�grioritY aver this SeauitY I�ument,and i�C"��ars or givwnd r+eats.if aay. Barro�ver shall pay
<br /> t.�c�o6lig�iions in ths manner provided;a paragca�lh 2,ar if aot p,Fc�n d�at ma�ra.Bor�ower shali pay thetn on ti�e da�iY
<br /> r�t�e�n ow�PaYm�nt•Borcowes s�}prom�q�w�'�aatic�s o�a�otults W be paid undea this(saragragh. ,
<br /> If Borromer m,►k�s these payments dit�tlp,�Bumower shalk ptvmgtty S'�ta�.e�ieceigts eoideaciag tfie PaYments.
<br /> . : Boarowet�.Prou�iiY����fl�t�trich has prio�itY��;..�t?is 3ecu�ity Instrument eu�ess Barmwer:(a)a8rees�a.. ,
<br /> . wrioing to tRe�Irn'-�i of the obligetio�s�ail d�y the iie�us a man�eu i�eeptable m Lender.(@�a��s ui goad.fait�the Tie#"�-';.
<br /> ,�'hici� in the Leddes's asn operatc to.prevem t�ea.::.:
<br /> hy. or defends against enfQ-�ment bf We.Sien in, ley�.�.,�rocee�in�s �. . .
<br /> et�forcement of the lien;ne i���:�fru�nu the hoId�r�N'_�e lieh an agre�ment sa�orY ta i�'..er svbar�sn�g fbe tiea t,v-�.� . .
<br /> • this Securlty Fnso�ume�t:�'��t��v'-r d�aes.tffat um}'�t of the Pmperty is su&M�st.:t,�a iien.N"nich may attaitt ps�ority ot�t .
<br /> tbis Se�urity Insuumen�.L��maY give 1�rrower a�catice ideatifyin�the lIen.IItu�s:j�s's�a!lt..�sfy the lien or take o�cs:.
<br /> ' more of the act�ons se�fnrtPi a�ove witbin�f3 days of the giviag of n��p..:, � ' : r:t.,�;,.. ..�,,,..,:Y.�,;,� .=,r. .
<br /> 5..Ha�d ar Ptrog�!.�nswsnce: Boaawef shal! keep s�s�i(�rovememts�;�ra��v�'���reaSer erec#al c���4� .
<br /> ' Fro�erty i�sw�d a�t�u�-��fue. h�rarda ineiude�%vit�:���t;.�"�exten�ci�'s�'�,�"sry�'-,a(dm,'f..fot�er���.���` � �
<br />- Aauds of fla�oGino for �r.tk�uder requires iasusaac�:'"w"�ds:�^..s�e•'sh�11 b�'r�z��t'i2�l;�.z��;'s�u�ts�s?i1f; .�.. �'�
<br /> tf�at Lendet rrquia�.�.'�is�.ii�x�ancecsrrier pmvidin�dl�'�.9a�:.��'.�,.�`c�'.b�c�asc�t;1G�,�:�ai3m���C�:�x�k�`$.�41�.`•.g. . .
<br /> wRich stiaU n�L"t����ly withl�e2d.Tf BOrrower��-�+'�;��vetage d�n'bed aba'���;����`;������'�� •
<br /> . ,� ,.��,{�:�...
<br /> optioa.obtaia�,u�:+�.age to pmiect I.ender'S riShts in the Pr�iperty:c�au�sm3ance with paiagraph 7.,::;;:�, �. ,. . ,..:�,
<br /> � All insu�cre Pni�nes aad renewals shali be acceptabte to Lzacie'r and shall inclnde�staa��mortgage claQSe. i.eacT�r::`:
<br /> s b a l!haave the ri g ht to.hold the�oliaes and renewals.ff I�Ier r�quires,Bvrtower shaU pmmptlY�ve w Lender alt receipts of
<br /> paid premiarr�s arxl r�newal aotices.�the event of toss,�amuwer shall g�ve proiupt n+ofic,�to 3he in..�urance cazrIer and tander.
<br /> l�er tuay make prnof of loss if not made Qmmptly by Borrower.
<br /> � Unfess Lender and Boirower othererise agee m a+riting.msaranca pmceeds stiall be apptied to restcmatton ur repair of the '
<br /> � p�opaty dam�ged,if ti�e restmntion ur.repair is econamic�►11y feau'bie and Lender's socurity is�t lessened.If the nst�aiatian or � �
<br /> • � re�air is aot eaonomically feasibie or I,euder's security would be lessened,the insurauoe procteds shali be appxiod.to tbe�sums .
<br /> . sac�ued by tt�is Security Instnun�ent, wi�ether or not then due; with any exaess paid to Bar,awer. if$ortowu�gw�
<br /> Prope�ti►.or does'�t'answer witY�in 30 days,a aotice fram I�,nder that the usurswae carrier has offered W settia a claim,eben _
<br /> � ' Lender may wIleCt 4he insiu-.uwe Praooeds. Iender may use thz pr�ceeds m nepair or restore tl�e Property.or w pip sums
<br /> secured by tbis Soauity Instmn�crt,whe4her or not th�n doe.The 30-day periad will begia wben thc noticc is 8iven.
<br /> ` Unless Lender aad Bot:vwer atherwise�agoe in writin�;, anY:�R.:���iaa of pmceeds ta ytinclpa!st�ll nat eatead as•: �
<br /> postpone the due date of the�monthlY PaYments mfe�od to in pam��fes 1 aud 2 or change tt�:zmouat of the payments.�'
<br /> unckt ParaB��21 the pc�aperry.is ecynir�d by lender.BOLC09v�C'���r't0 aily IDSIITdT1CC p0I1ClCS''SAT�117IOCCOd.S it5U1tIQ8 ft�t?
<br /> dantage ta.tAe Propertycpriar to the acqn�s�uan shall pass tQ G�d�c tt�2be extent of the sams�by tbis St+curity Insnvment
<br /> iaim�iately prior w th ecqmsitian. . � • �
<br /> ,. �, ,.. .� , Bnrro�s Lrwa AppikatZoa;La�eeboid4.
<br /> . . 6.aoaup�cy,rreservatlon.b'Is�tnt�nnd Pt+ct�f.tuQ,`r��'tf�pcopaty,� .
<br /> Borrov�er sball ooeupy,est361ish,and.ase the Property as Ladm�rt;�'�',s�tin¢ip;�1 resideaoe within si�i.y.i�ays a8tr the exewtion of_ � -
<br /> .this Security insuameat aad st�alY wntinne ao oceupy rhe Prupesiy as�crr8��r's��s!�i2.�n fo:et!�x o�,e�r��::
<br />__ , tbe date of.o�ancy.aniess I.c�der otherwise agrees in writing.wtuch oonsen2 sLall not be•unreasonably eritht:el��,ar��G
<br /> CICtEn173hD$ C1iCa1f15� C1L15[_'WIQCIi SiE �tmTdis t�fii-ifS�+::i�b G3Giisi7:. �. .r-1.�•!��' � �'L-�'4�..e�!�n�6a nr i�MtJRt�,''..�C- - '
<br /> propcn�+. altowr the properry tp deteriorate.or ooffimit waste on the Property. Bortawes shall be in defan[t i��any foifeir,u+e
<br /> . oct�ioa o:praoeedin�g, wfxther civil or crimin�l.is begun that an Lender's good faith jndgment oould t�tie io forfeimre of,tbe
<br /> � Property ar otherwise emterially im�air tt�lien crrated by tlus Seautlty Iastr�ent dr i,�let's socurity interest.Borcower qim,�
<br /> ' 'cure sueh a defaut�and rLinst:�te.as provided in.paragrapb 1�.by ca�using the a�ion or prooeodin8 to be dismissed.with a ntli�i�
<br /> thst. in Le�der's-good faith ckt�rmination. Pi�9udes forfeit�ue of IAo Boirawer's inttrest in the Propcity or oth+er mate�i�l .
<br /> im�aim�er►4 of t�e tien cre�od Dy�this Secruity Iastrument or l.�ndar's sec�r(ty intc.�st. Bormwer shaq aiso be in defi�ilt yf
<br /> ' � Soaower,doring thee.tou�appticztion proc�s.�ave materially false or inaocuride w£om�tIan or staternents to i.eadtr(ac fait6r
<br /> � to provide Lend�er with any a�at,•,ritat information)in oonneciion with the loan ev�ad by th�Nate,including,Mrt not Ilmited
<br /> ta.repr�senmfii��u oonce�ning Banower's ocxv�ancy of the Praperty�v a prcncipal nsidenee.If titta Seeurity Instrument is an a
<br /> � �eas�hotd. Bomower shall �apiy aritb all ttr�pTOVUions of tl�lease. If Barrower acquires fi:e 6tte ta the Prtrptrty. tbe _ •
<br /> leasehold and the fee tide shall not me�e untess l.eader age�s to the mer�rer in writisng.
<br /> 7.Protection ot 1.eade�'s 6ights in the Pmpei4y.If Borrawer faily to petfoim tbe eovenants and agr�ooniai�ned in
<br /> this Securiry inst�t,,or there is a�egal pmaxding tLas may significantlY affect Lendcr's rig?►ts ln tUe�ropeiry(sach as e
<br /> -� proceeding w bantcuptry.proba�e,for oo�.mnation or forteiture oc to en�ame laws or eegulatia�).ttcea t.�ad..^r maY da r.�! .
<br /> . pay far whatevet is ne�essary►to protect th�valuc of the Prapc►ry and L�Ier's rights in the Fivperty.l.euder's s�stions m7y .
<br /> include payir� any sums secured by a l�en whicb has�prion�r over thfs.Sec�uity Instr�ncnt, appeann� in �wrt, paying .
<br /> �� cea�onable uttmneys'fees and encering an the Prapert}r to m�Yc repairs.Aithnu�fi�,ender may take aciion u�er this para�rapD
<br /> 7,Len�er due�not have to do so. �
<br /> -- A$y amowtts disbursed by Leflder under this Qar.�graph ? shall become.addition�l debt of Sorm�er secured by this
<br /> Securityr IIIStrument_Untess Borrower and Lender apv�bn atiser teims nf payment.these a�mb-shafl 6cas inter�ss fram We �
<br /> date:oF disb�n�ni ai the Note rate�4 shall be payabiQ. wi3h interest. apon not�ce from L�enarr to Borcouet cnqv�ing �
<br /> pII�B.tbiartgage Im�trance.If Le�der requiced martgage ensuran�e�s n c�ndition of s.aZang ttse�oan secured_�y this S�trir.y � .
<br /> _ In:m�me.�t.Borra�er shall pay the�remiums reqaired w mavntain tt�mortg�e icsnrance m effe�ct,. If, for ady rt�son, the �
<br />_-.: � tnort�age.irrur�ce coveiage mquira�try Let�der lagses ur aeases to be it�effect.Bo�oaer sb.aD pay tAe premiums requir�d to
<br />- �obYain raverage su�stantiaily cqwva2em to the mortgage�nsur•utce previaasly in effect.at a coss substamially equiwa2eni to the�
<br />-- - -- -Cast tu�Fsonutver af�tiie mari���iusni��r',��.�ic�iz53;:a�ff:.�� .`'.��-°Si°�e�e�a,-'�°��"r"`'°'�E'1�i rriles. If .... .-: -
<br />$ . • ' ' �etct• � Feaa�3018 9190
<br />
|