|
- '_ -. �. .i' .;p
<br /> - .�� i_.. ' . • _ _ -
<br /> . - .-�-.. ,- . _ . . __..._
<br /> , , -. , . •
<br /> -° °._. , .. , _-; °_ _ - .
<br /> ��
<br /> _ .. .:......:-.. �,- i _.__�. . __�..---•- -- -— _ _
<br /> � • ' --=—' - . .
<br /> — �e�—e..�cac____ -°. .�..-_. ..._.__.._.... __...._..,_-_-.. ._.__ .. - �
<br /> �.`Jr'°' A►warws� .
<br /> ' �.j'��s °� :l�.W�'�x.��
<br /> � '1'lw f�uu�iv SIIiIU (�C A�•IA lu uu lu,�ltutl��n tvhusc dr.puvits nn: fuvn�.yl hy a� Icdcral n��rn.�y, In.�umu'nt�dily. ur cutily
<br /> - (Inrtt�din;t f.r�F�tcr,il�t r�►dcr i�tiuct�nn intitfuui�»>1 ur fn uny i�cd4i.d Huui�I,�ti,u�it7�tik. I.cnd�•� ,I�.dt.���p1y tt�c:'t�nci^.!n�+:iy ti�c
<br /> _ !?�ctr�►�v I��rnt5. I.enilcr may n��t cl�n�ge 13�,rn►tivcr ti►r Ruldiitz�an�i npplyl�►H lhr Nu�tdti,u►utts►Ily un�tlyiinf; (I1C Ctil'PUI��n«<�unt.��r
<br /> vorifyin�Ihc tsrr�nv ilrmti,unics, I�crtticr payg N��rn►�vcr intrirst��u thr I�uu�l,�o�tal api�Ilr:�hlc ln�v permits Lcudcr la�u;�Rb 4u�:h
<br /> n chm•rc. llu�vrvcr. I.cndcr n;i�y rcqulr.:Uurruwer tc�pay n unc-dmo chntgc t��r un fn�tcpc�idcnt rci�) c�tntc 1ux rc�x►rNn1;ncrvlru
<br /> u�cd hy l.c��acr In runiicrUun wi�h ►i�i9 luan. unlrrh :�pplir.il►I�� Inw providcv atlirnvisc, linlws� �in c��;r�cntent I.r m�ulc ��r
<br /> nppllcaGlc 1n�v rcqiii�cs intcrctit t�►Nc pnid. I.rnd�r tihull nut hc rr.c�uircd t�►p,�y Nnrru�vcr.my intcr�st ur r:n��iln�;s un ti�c i'un�lc.
<br /> Du�r��a•er un�i [Andcr m,►y n�ecc in wridn�,hou�c�er,th7t intrrast �hnU t�e pald un�hr I�und�. LriFdee�hall�!i�t; tu ll��rro�ser. �
<br /> witttuui ctu�rkc, un iu��wul ua:iuttw�ltni;+it t�e I'un�. sho�ein� crcdits nn�l �tr4,it� tu Ilte Nuudr tind tl�e��r�H►r� li►r whluh�urli
<br /> -� �i�i+i�a►�n�r�����.�:�q«�+t�. �The l�unds ure ptccigecl uc nd►�itiu��u!4�curi►y' �LI'11II 5U1115`ul'411f41�I�� 1�1�5 SCl'UI'IIV II1S11111111'1!�•
<br /> If Ihv i�unds hcld hy I.cndcr excccyi�hc nnwunt�prr�uiucYl tn bc hcid by i�p�licahlc luw, Lendrr�h�dl urr�,unt t�+flurruwcr
<br /> a fur�Qc rxress t�unctti{n�:c�urdunrc�viti��t►o i�c�ui�cmcnts of nppiicahlc iu�v. if titu tnti�i�iRi t1�t�iZ �`tiRti� ttick!hy t.rs;:ler a�t usiy
<br /> tlmc is not suf`ciciit lo pay thc(3scrmv items w��cn duc, l.cndcr may+u nutlt'y Hn�rc�wrr in�vrltfng, imd. in��uch ca�c Oun�uw�r
<br /> shnll pi�y ta [.�ndcr thc umount nccessary to mnkc up tho cloli�ic�tcy. Aorrci�vcr shult miil�c up t{to dcGrienc�� in no n�nn: dr.n►
<br /> twclvc monthly p:►yments,i�t I.cndcr'�aulc dlscrclion.
<br /> _ Upuu povm�nt in foll af nll sums sccurcd hy Ihis Sccurlty Instnimun�, l.cndcr slu►II prumptly rcllu�d tu llnrrowrr ��ny .
<br /> runds hcld by Lendcr. li',�indcr parn�raph 21, I�:ndcr shull i�cqu�re i�r seii�he Nniprny,i.cndcr, priur tu dic u�qui+ltiuu ur s�dc
<br /> nf the Property, slinll iipply��ny Funi�ti hcld by Lrndcr ut the dme oP iicquisiti„n ar snle nti u creclit n�ninst the suui.r securcd hy
<br /> tl�is Sccurily Instruiucnt.
<br /> a.Applicutlun of Puyn�ents. Uulcsr npplicuhlc I�Iw provldes uthcnvisr,.►11 paymcnts rcccived hy I.cndcr imdcr pnra�raphs
<br /> — 1 iutd 2 shall bc npplicd: Crst, to nny prcpaymcnt chargcr duc undcr�hc N�ue;sccond, to mm�unt�paynblc undcr pu:ugn►ph 2:
<br /> � tM�d,to intcrest due;foanh. to principal dao;nnd last,to nny Intc chnrges duc under�hc N��te.
<br /> � 4.Chnr�rs=I.lcns. florr<�a'er slk�ll pay all taxcs,nssetismcnts, churgcs, flnes nnd im��itimis nttri6iunblc to the Fmpert}�
<br /> �vhich nuiy uttuin priori�y over this Security Instrunlcnt. and Icaschald paymcnts or ground rents, if nny, Bnrr�►wcr shnll pay
<br /> thcse obllgntiims in thc manncr procidcd in pBYa�'1'il�lll Z.Or IP I101�1�dd in that rnamicr, Rorrowcr shall piry thcm on Umo dircctly
<br /> to tho person owcd payment. fiorn��vcr shall promptly furnish ta l.cndcr nll naUccs of amaunts to bc paid undcr this parz�g�tip��.
<br /> If Dotrc�wcr ntakcs tlicsc pnymcnls dircctly.6orrowcr shnll pram�tly fumish to L.�ndcr rcccipts cvidcncfng Ihe paymcnts.
<br /> Borrawcr shnll prompdy dischargc nny licn which hns prior�ty avcr this Sccurlty lnsltumcnt unlcss tlorro�vcr: (a)ugrccs in
<br /> .� �vrhing ta thc paymcnt of thc ohli�adon sccurcd by thc licn in��manncr ucccpt�blc ta I.a:ndcr; (b)cantcats in goal fuith thc licn
<br /> i by, ar defends ugninst enfarremerst of tho lien in. Icsnl pmceedings which in �iho l.ender's opinian opemte to prevent the
<br />_� cnforcemcnt af�hc licn;or(c)sccures from thc h�ldcr��f tho licn an i►grecmcnt sutlsfi�ctory ta Le;ndcr subardinnt�ng thc licn tu
<br /> = this Security ln�tn�ment. If l.ettder determines that nny part af Ihc Prnperty is subJect to t�lien which may attnin pnority over
<br /> = this Security Insttumcnt. l..cnder mny give Bona�ver t�no�icc iclentifying thc Ucn. Elarroacr shall tiatisfy the flen or ti►kc nne or
<br /> �'+ morc of the nctions sct forth nbovc witMn IR days of thc glving of noticc.
<br /> � 5. Hniurd or Pro�xiKy I��.su��n�tce. Bnrra��•cr shall kcep thc impravemen[s no�v existing ar horcattcr erectcd an the
<br /> '__ Froperty insurccl agniast loss by fire, hnzards include�i wlthio the term "extendut ravcrAge" cm�i nny other hia.�rds, includin�
<br />- flcx�ds nr Acxxiing. fi,r wtdrh l.cuder a�;�i�ices insurtincc. 'fhis insurnncc shal!be maintnined in thc sntounts and for�i�c peri�xis
<br /> = tliat Lendcr requires. The insurnncc c;irner providing thc insurnnce shail be chascn by Ilorrowcr subJcct to I.,cndcr's approvul
<br /> _ which sh�dl n�t be unrCasonably wlthhcld. If Borrawc�• fciils to maintain covcragc dcscribcd t�b��vc. ►.cndcr miry, ert l..cndcr's
<br /> option.ohudn covcrngc to protect Lendcr's rights en thc Praperty in iiccordancc with pnrusroph 7.
<br /> = All insurnnce pulicies nnd renewal5 shall bc accept�hle ta l.encicr und shall include n ctimc�a��l mortgage clausa. Lendcr
<br /> inaii tisv�t�e;�ght ta�:sld t��sl4ci.;.,as�!res�:�.lP. It'l..esxt�r r�yutr�.Aerr����r ihr►1!�nni�tly e►ve m ILnticr ull rcc�:IQ[s of
<br /> - pnid prc.�uums nnd renc�viil noticcs.l»,hc evem�f loss, Florrm��re shall give prompt notice tc�tho insurancc carrier and Lendcr.
<br /> l.,endcr R.an}�n�nkv y�rcx�f of loss if net r.,.a;��c promNtly by Borro��•e:•,
<br /> Unless l..cnder and Harrowcr ot`.ir.nvise agree u�wrulns. insur,�ncc procceds shall bc appllcd to restoratlan ar repair of the
<br /> I�lO�IC1TY QAI[ia$f7�1. li[I1P iC5[OTittt011 Oi'iC[Jail'ts ecm:tvtnicuj�7 ie.ui`vId'aiwi i.'vi�:v�'o�.'v:s:�.y:o:..^.i�:..w.:.,�.:�:.t.�:w:e.�_�.aeim�nr
<br />^�' ��pair is not cconamirally falsiiWle ar Lender'n�x:ucity �vould be fessened,thc insumncc proeccds shuli bu apNlic,i ta ti�a su�+ts
<br /> securcd by thiq Security Instrument. ���hcther ar not then duc, ��'ith any excess paid to �,rrrowcr. If Borrower �banclons the
<br /> Propeny,or dces not auswer within���ays a noNco fcom l.en�::c�that the insumnee earrics P�ns of'fcrecl ta settie a clena�►, then
<br /> Lcndor may collcct U►c insurtincc pru��,fxis. Lcnctcr may usc thc procccd; ta rcpalr•ar ��estore thc Property or to pay sums
<br /> sccumd by thic Sccurity instniment,whcthcr or nat then duc.Titc 3q•doy peric�d wiU bcgin whcn tho notico is givcn.
<br /> Unless l.cndcr nnd Dorrowcr othcr�vlsc �Srcc in �vrltin�, :►ny npplir►tian of procccds to princip�l shidl not oxtcnd or
<br /> pastpanc the duc date of the manthly p�yments rcfcrccd to �n parngrnphs 1 and 2 or ch.mge Uic um�unt af thc paymcntF. If
<br /> un:ler pn�agraph 21 the Property iy ncquired by I..endcr. l�arrower's rlght to aay+ insurunee pc�llcies and proceeds cesuldng from
<br /> danu�e ta the Praperty prior to the��Y�uisition shnll p��.ss ta l.cnder ta the oxtent of tt►e sums secu�cd by this Security liisr.r�xmcnt
<br /> innnKdlutcly prlor to thc ncqidsidan,
<br /> 6.Occupancy,Preservs�dnn,A?aintenancc pnd P�ntectlon af lhe P�'o�erty; Bormwee's LoAn Ap��llcaUon;I.eav�oltl.v�
<br /> [iortUwcr shall c�ccupy,cstablish.und uso thc Pro}�crty ns Bar�uwcr's principll�esidcnw witldn sixty Ai�ys aftcr tho cxccution of
<br /> tlils Sc,�urity Instrumcnt and shall continuo to accupy tho Praperty as Har�a�vcr's princlpnl racidcncc far ut Icast anc yeAr aQcr
<br /> thc datc ut c►�:cupancy, unlc>s Lcndcr othenvisa ngrccs in evrlling, �vhich canscnt shull not l�c unrcasautbly withhcld,or unlasy
<br /> -- cxtenunUng circumstanccs exist whic:� nre bcyond Horrowcr's cuuteul. Barrawer shnll not dcstroy. damagc ar Impair the
<br /> Property, Allow thc !'�npertN ta dctcr5urntc, ar cammit wiistc c�n thc Praperty. Borrotivcr shu11 bc in dcfault if any fo,rfeituro
<br /> ac�ion or proccecling, whcther civil or criminal, is bcgun thut in l.cnder's gc��d f:iith jud�mcnt could result in forfeiturc oi tha
<br /> — Peo�rty ar otl►crwiso matcriaUy impnir thc Ur.n creatccl by this Secudty Inst�ziment or Lcnder's securiry intcrest. Borrowor tnny
<br /> cure such i�defnult unci reinst:►te,ns provided in pnrngraph IR,by causing tlie actian ar prcuceding to bo dismissecl with n ruling
<br /> that, in Lende�'x good falth detcr�uinaUan, precludcs fiufeiture of the IInrrower's interact in the Pr�pe�ty ar other mutcriul
<br /> impainnent af the licn crcat«l by iEa:s Securlty Instnimcnt ar l.ender's �ccu�lty interest. Hnrrower shal� also be i�ct:��ult lf
<br /> Aorrower. du�9n�the loan applicfltat*t�ptacess,gnvc mruerinlly fi�lse or innccurnte informadon ur stutcmcnts to I.ender(�s fnilecl
<br /> — to proviAc I.ci�dcr with any mztcrinl infonnntion)in conncction wlth thc toan ovldcnccd by.thc N�tc,including,but nai limitaf
<br /> — t�,representations co�cerninE Aarrower's occup:►ncy oE the Property as a pri�xipal resictence. If thls Security Instrumcnt is an u
<br /> Icasc;hald, Barrowcr shaU r.omply with all thc provisians of thc lc�se. If Bnrrowcr ncquires feu titlo to th� Propc��ty, tho
<br /> Ieasehold nnd tho fee titic shall nat merge unless l.ender agrccs to tl�e mergcr in writing.
<br /> 7.Protectlon of Lender's Rl�hts In the Property.If Aorra���cr fuils to perform the cavenants und a�reements contalncd in
<br /> __ this Sccuriiy insin�nicni, �j'r titer� is s tega3 �t�.��iitg ihai tn:�y �iQnitican!!y af!'ect l.�su9tr's re�ltts in �c Pro�+ecty (s!�rh+!g n
<br /> prc�eeeding in bankruptcy,probflte,far condemnation or farfeiture or to enfnree Inws or regulntions), then Lender may do:md
<br /> �uy� for whatcver is�ccessnry to protcct the vnlue of thc Property nnd Lcndcr's rlghts in the Praperty. [..endcr's nclions may
<br /> - mcludc paying uny sums sc�curcd by n licn which hc�s priuriry rncr this Sccurity Inst�ument, :+ppcaring in wurt, payin�
<br /> � rensonAble flttorncys' fccs und entering on the Pr�peny to mnko repai�:�. AUhough L.cnder mny takc nctian undcr this par.�grup
<br /> � 7,l.endcr daes not hnvc to da so.
<br /> Any amounts disbursed by Lcndcr ander this parngrnph ? shtdl bccomc ndditionnl dcht of Uar�awer secured by this
<br /> Seci�rity instrumcnt, Unlcss Borrmvcr and I.endcr agrcc ta nlhce tcrms of payment, thcse amounts shall bcar intcrest from thc
<br /> dutc of dishurscn�cnt at the Nntc rntc nnd shnll bc p:iyt�nlc, �vilh intcrest, lqxm nnllcc fmm t..cndcr tn t3orrn�vcr rcquc�ting
<br /> p�yment.
<br /> ,f 8.Moiigqqc Insuranrc.if'Lcndcr rcquircd ntortgngc insurancc us a�condition of makin�thc luun.ccurcd by this Sccurity
<br /> Instrument. (3orr�+vcr shull pny the premiums re�uire�l to nr,dntain Ihe manguge insur�nce in cffect. IF, fm•uny reason, the
<br /> — mortgago insurm�ce covcra�e ri:quired by Lcnder lapses ur ccases to tx:in effcct. Bnrrowsr shall pay the promiums required to
<br /> �`�I obtnin covcrc�gc substnndnlly cquiv�dcnt to thc mnngn�c insurancc prcvi�►usly in effcct,ut i�cost substa�ti�lly cquivalcnt to thc
<br />�;:� cnst to p�►rrnwcr af thc mort�agc Insuruncc prcviausly in cffcct. fro�u im ultcmatc a�ortgi�gc insurct appr��vcd by lAndcr. If
<br /> _ ' . . .. v�oo 2 or e Form 3028 9190
<br /> ;'� "
<br /> --�
<br />
|