|
-�E- RectrF?z)F-o87 ---- 100811 87-- 100649
<br />L'attORMC0,vFN;AN75 Snrrowrr and Lender covenant and agree asfoliow•s: ,
<br />ri+ I. Pa>ment of Prin dial and Interest; Prepayment and.Lste Charges: Borrower shaltprompti� Fati u „er .;s €e
<br />'he .principal of and interest on the debt evidenced by the 'vole and any prepab meat and late charges due under the Note -
<br />2.
<br />Funds for Taxes and Insurance. Subject to applicabic law Or to a written waiver by Lender: Borrower shall pa}; _
<br />Q Lender
<br />to on the day- monthly payments are due under the ?vote, until the Note is paid rn full, a sum ( "Funds") equal to
<br />one - twelfth of (a) yearly taxes and assessments which may attain Security Instrument.
<br />priory over this (b) yearly
<br />leasehold payments Or ground rents on the Property, if any: (c) yearly hazard insurance premiums; and id) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items ”' Lender may tmimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow items
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed bya federal or:
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow, items_
<br />Lender may not charge for holding and applying the Fonds, analyzing the aces unt or verifying the escrow items unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge - Borrower and
<br />- Lender may agree in writing that interest shall be paid on the Funds Unless an agreement is made Or applicable law
<br />'
<br />requires interest to he paid, Lender shall not be required to pay Brxrawe- any interest ear earnings on the Funds_. Lender, "
<br />'hall give to &irrower, without r_harge, an
<br />annual accounting of the Funcs showing credits and debits to the Funds and rite
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security fiyr the stems sersred ixc
<br />this Security instrument.
<br />If the amount of the Funds field by Lender. together with the fu =ture monthly" pacment5 of Funds Payable r—.or to
<br />the due dates of the escrow sitins. shall exceed the annum required to pay the escranc items when dice: the excess "11, e.
<br />ar Borrower's opt €on, either promptly repaid to BOrroveer or credited to Bovrofwer cite monthly pay °merits cif Funds. If idle
<br />Amount of the Funds held by iendevis not sufficient To iray the tscrow aterm when duc. Borrower shall pay of tender any,
<br />amcisint necessary to make up the deficiency in line or more payments as rerluired'by, Under-
<br />Upon payinent in full of all sums stE urcd by this Security Instrument., herder shall promptly, refund to Borrower
<br />any Farads held by Lender If under paragraph 14 the property is scold it aaoilu red by Lender, Lender shall apply, no later
<br />than immediately prior to the sate of the Property or its acquisition by Ltns1 any Feuds held by Leader at the time of
<br />applitatit€n as a credit against the sums secured by this Security- It strument-
<br />3. Applicatitm of Pa, r> nits Unless applicahk Taw prides cuherwtse. all payments received by Lender under,
<br />paragraphs t 'and 'shall be applied: lust, to late Charges due under the tiote-, seL -aid- tnTerep%p}mot charges elite tcatder the
<br />Note, Third. tip atricunts payable under paragraph) 2- fourth. totnterest duet and Iasi. to principal dire.
<br />4- ChArNM Lion Borrower shah pay` 311 - Taxes, asscssttleuts a:hwr!s. foes and irtipos tx5tls a :+,hoLlc c To tl -"
<br />Property which may attain priority over this Security Instrumcmn leaselialld
<br />{=
<br />and ITay'itfcuis or ground rents, if any-,
<br />T'6Y'K shalt pay. these iilrlrgatJiins in the tizannrr provided is paragr. mh or if rtm pod in that rnarF3tZ. Borrower Shall
<br />_
<br />pay thtai on time directiy to the person Owed paymm, Borrower shalt prompith, finrmish to L:endar all notices of amounts,
<br />no be gall under this paragraph. If Borrower trakes these' pay n= i rrtth $tin txcer shall Wit} ftirsasli to isomer
<br />reCeMi s irvidencing the payments
<br />Borrower shall promptly discharge any lien which has priority Omer this Semori, Irzstruslte>tt crate's Borrower- t$t
<br />agTi!CS in RT7Itng to the payment of the obligati;ln lei tired by the ISr:n :ii 8 rnarirner ac atilt to Lrntkr_ (b) ,contests ��
<br />fault the lice by, ca tidenids against etift€rce<rient s The I <x in #rgal
<br />'� .
<br />pracrt4tCM acittrh the I endtr S 4prnttai ate tai
<br />p eytnt The cial €icemen of the lien or forfeiture of any �f the P r �r cc1 secures frl2in the hc*Ider � time -ales
<br />art < prop
<br />"
<br />Tr
<br />. at.,
<br />agreement satisfactory To Lender subordinating the licit to 11115 Stc€trity histrument_ t. Lenderdete mines that any pan of
<br />r
<br />- the Property is subject to a hen which may attain Irmmty tay,ej thin �Ccmity.Ment, Leader ma Bormwer
<br />_g1y"e
<br />notice identifying the tier€. Borrower shall satisfy the Tien Or takeovic crtr �r of flit actitivissict itirtii abcvyt.vithlt 30 leas
<br />+s
<br />of the giving of notice.
<br />S. Hazartd France_ Borrower shall K #p the intpro%entrurs now r sl.rg �f[er erected the pr -Tcr;y
<br />insured agacns. k-ss by fire, hazards included wi;h/n the term `estencia! ' `ate
<br />� at y other pia carte tern€ diwh Lender
<br />requires insurance,. Thif insurance shall be maintained in the Antoams and few the pmt °ids that Lender rrclurz: The
<br />VISTA, rYt carrier providing the insurance shad' t+a hosen by 8mr uer suklect to, LeriiferF approva; which vf•alt mot tie
<br />anreasorably withheld-
<br />All All insurance policies and renewals shall be aa`Y stn le to
<br />Let¢der And shall €riilude $ statuiaiti ittt r-gage u Lender shall have the right to hold the Whoes and renewals If L r relglm'M BOMLIsscer'trail
<br />promptly gtye To Lender
<br />all receipts of paid premiums and renewal motives_ In the eyeea of loss. BOrr err
<br />aii.giyt prsarrpt toiler tt tIr €r spa aTtye
<br />earner atwt L,enSe'lri, l.ettder ma make prrtof of kxs d rltx
<br />ttxatlic prt`�'tI? fib Borrai►a.
<br />l nlcys Lender and Bo---e wer c Sts st agree €a ; « tpE trsattatrc i+rmcze small be ag±Iicyd st restttaatxai f r ,cam tar
<br />of the ,Property damaged- if the restoration cr repair is ecsxttilr€n lI- fcasibLe "s
<br />and Lendic security is not lessened: if -hr
<br />restoration or repair is not ecor-orrucally feasrbie or Lender $ s,Mfftty weald be lessscood. the iusitrancc oriveed, shall be
<br />dp�fll' to 'i.:>w'!.uni� secured -bv This secur"ti Instrument, whether AN not then -dne. ,A-nb an}' t1cess paad to Borrm -tr. If
<br />Borrower ab3rui --r s, the Property. or does no, aniser within ±0 days
<br />a nieince from Lee dr that I� lit5,t r3iac £ grrX, {za,
<br />offimed .a senlee 'latm. then Lender may collect the Hisurarrce proceeds- Eerier may use the proceeds to rcpatre ".r
<br />- ecteirs
<br />The P-�--irt. ;'rr to 3y- iiim5 sei ured by this SeLunti, Instrument, whether i r - '2= '4tay. Aertod iy F5 -
<br />Cher€ due The c�
<br />lt[n � "`�'`'�'
<br />-
<br />M t!'e` n =.: ia..�P. ts Qiben -
<br />- -
<br />t n e<c Lender and Borrower otherwise a €,-e-- in writing. an); applicat on of proceeds to pnnapai stead n .t'-Xtest i
<br />5tpone tits due date of the monthly rakments to in 2
<br />referred paragraphs and Or change-the amc unt of the as te*n =v If
<br />'. undef N agrap}P `-Q the P 4 per!\ F'= acquired by Lender- Borrower's right t any ins ranee pooch% and - rccets e
<br />r r.
<br />ftc ni daii€dQe t:_ +one liZCir'eF 1 prior 1o, ;he acgln al n cC:3:l ^35C tc Linder t -? The tiltfTi of $ "fe'SiSFSt}. 4ttiiife'is't`i ,i_ ! 4'u..,. _ -
<br />Ir-!•tt'ameiit'._'P'?^?edi$ielM1
<br />-
<br />ri,ar it, the ai,quislnw^.- - - - - - -
<br />fi i'reser?uiva and NIM- tenante of Property; Le2sehoWs. Borrower shaa not destroy. damage c r sutntantialsy
<br />' change the pi"C perry'- allow' the property TO deteriorate
<br />r C: Qttaiit. waste- f ? sect- mit; -I;, ill iii z}
<br />Borrower CtidiI Comply with "he provisroi_ik i'yf Ar, lease at-- if A"�.��ix A"t�'. m-- , : j' z�j the V,`iyti l'ty', tiY i2»rttl'iT3
<br />fee Halt shall merge unless Lender
<br />„sit agrees to the merger in writing
<br />'_ Protection of Lerider's Rights in the Property: %fertgage Insurance, If Borrower fails t= pert: -rm Elie
<br />ccavenaiiis and agreezncnis onmined in this Security Instrument. or'herr iv a iegal procredin, g that may sib lncaritSy atTt t,
<br />- Le'mi_�r 1 rTthts in, the Property (such
<br />as a' proceed €rig in bankruptcy, prci2taate. for - condertrriation or it, cntnrce '3w:5 c'r.
<br />zcltt€ ratio€ sS. tlte€ illendermaydoandpaayforKhateverisnecesssu�y 'toprntcix_ ItcyalsvecfthelF� {rtbanuL dtr �g..s'.
<br />kr the }�T7XF S Linder t actions ma! include Paying any Sums by a been which has pr1+ p;v -ver 1b. , ', znl
<br />in}lrumen
<br />.
<br />appcd E-ig in ,: uri paling eAs?nab a dtioi, ebS reef and eTtCF'inC', ri lie' P LMpC t; tti> dJ.e Fep i "'4 } - -p, `�., tg. -
<br />I"der €'1111 take d non under' this '1,ar 11 (aplf' f e ;eF dS '; Itayt
<br />eS g t sl.
<br />- Any tutt unis disbursed by Lender under !his par3g ap}i
<br />`aei. iiruv Insiri, e^trze L.`nl"s K,rT-,1wcf 3rd Lender r sg =':^i._,'�i thrr,te -r�s i i e£ + c. . r._ i
<br />:,i t t7" ' S. Lt�e €it 3 ..,c
<br />{
<br />j
<br />
|