|
$s-- 104160
<br />I'NIFtMMC:(WFNANT` Ii- ;rr,)wer.111+1lvIlJr : .!n, :,V, -tv is:,:)I,Ms
<br />1. Payment of principal and Interest; prepayment and Latc Charges. liorrowet shad! prrnnp "r pat, when duc the
<br />principal of and intrust tin rhr de.x evidenu•d to rile Yore and any prep avnll,nt IN rr
<br />2. Funds for Taxes and Insurance. Subjecr ro applicable. l Iw or ru a written wan.vr by [.ender, burr )suer ha !I pay to
<br />Lender on the day monthly payments are due under rile Niue, until the time Is paid in full, a su+ 1 Funds l equal to
<br />unc- twelfth of. (a) yearly taxes and assessmems which may sttsm l -runty over this Security Instrument (b teat ly leasehold
<br />payments orground rents on the Property, d any; act yearly hazard insurance premiums; and id- yearly mortgage insurance
<br />premiums, if any. These items are called • escrow irems' Ixnder may estimate the Funds due em the basis of current data and
<br />reasonable estimates lit future escrow items.
<br />The Funds shall be held in an institution the dep sirs or accounts of which are insured or guarancerd by a federal
<br />er
<br />state agency ( including Lender if lender is such an insciturionl. Lender shall appl y the Funds to pay the escrow' items. lender
<br />may not charge for holding and applying the Funds, analyzing the account ,n erdy ing the escrow, items, unless Lcnder pays
<br />&lrrower interest on the Funds and applicable law permits tender ill make such a charge. Burtim er and Lcnder may agree in
<br />writing that interest shall be paid tin the Funds. Unless an agreement is m,ide or applicable law requires interest tl) be paid,
<br />Lender shall not tx required lit pay Borrower any interest or earnings :,n the Funds. Lender shall give to Borrower, without
<br />charge, an annual accountingof the Funds showing credits and dcbas i l l the Funds and the purpose hir which each debit to the
<br />Funds was made. The Funds are pledged as additional security for the sums secured by this Security Insirtunent .
<br />future Ponds to the
<br />If the amount of the Funds held by Lender, together with the monthly payments tit payable prior
<br />due dares of the escrow i:e•m, shall exceed the amount required ill pay the escrow items when disc, the excess shall be, at
<br />Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is nor sufficient ail pay the escrow items wizen due, liormwer shall pay to lender any
<br />amount necessary to make up the deficient}' in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Lender. if under paragraph IQ the Property Is sold ur acquired by Lender, Lender shall apply, no later than
<br />immediately prior to the sale of the Property or its acquisition by !.ender, any Funds held by Lende r al the time of application
<br />as a credit against the sums secured by this Security Instrument.
<br />i. Application of Payments. Unless applicable law pruv'idr, other vise, all payments received by Lender under
<br />paragraphs I and _' shall be applied! first, to late charges due under =,he Non•: second, to prepayment charges due under ate
<br />Note. third, to amounts payable under paragraph , fourth. to interest due; and last. tit principal due.
<br />i. Charges; Liens. Borrower shall pay all taxes. assessments, 4harges, fines and impositions attributable ro rile
<br />Property which may attain priority liver this Security Instrunient,.ind leasehold payments orgr,und tents. if any. Burrower
<br />shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner. Burrower shall pay theta on
<br />time directly rn the person owed payment. Burrower shali promptly furnish to Lender all norices of amounts to be paid ender
<br />this paragraph. If Borrow'e•r makes these payments directly, Burrower ;hail pro 1ptly furnish to Lender receipts evidencing
<br />rile payments.
<br />Borr>w'rr shall promptly discharge any lien which has pnr.rity over this Security Instrument unless Burrower. ai
<br />agrees to writing fit the• payment lit the obligation secured by till, lien. in a nrenrte•r aoccpi able ill Lender, : hr contests in guo,i
<br />faith the lien by. or defends against enforcement of the lien in, legal prureedings which in the Lenders opinion operate to
<br />prrv'rni the enforcement of rile- lien or forfeiture of any part of the Property: or tci secures from the holder of the lien an
<br />agreement sarisfactury to Lender subordinanng the lien to this Security Instrunent If Lender detennuus that any part ni the
<br />Property is subject ul a lien which may attain priority over this Section instrument. lender m y give Burrower a notice
<br />identifying the lien. Burrower shall satisfy the lien or take• tine or more oI the actions set forth above within 10 days of the
<br />giving of nurse
<br />5, Hazard Insurance. Borr mar shall keep the improvcments now existing or hereafter c reeted tin the property
<br />insured against loss by fire, hazards Included w'itFiti the term exit, n,it'ot c()r -c ra t and ariN other hazards tor which Lender
<br />rcqulres insurance. phis InxllraoLf Shall be nhalmalned In the• amounts and tot the pertuds that Lender requires The
<br />'
<br />insurance carrier providing the insurance shall lie chosen f>y Borinwc'r ,object to lender , apprusal which shall not fi
<br />unreasollably withheld.
<br />A111nsuranee pill leiex allot le lie w'ais snail be ao cptabie t:) Letlder arl,l,h: 11 : lit ludc a s(aiWiard mi,rtgageelal i,t I.ende•1
<br />shall have the right to hold the policies and renew :ifs If Lender f qunes, lit, rtimc•r shall prontptiy give to Lender all receipts
<br />of paid premiums and renewal notices. In the event of lu,. <•, N)rrttwcr ,h.tll give prompt n,uicr ro cite mstuanee carrier and
<br />Lendt•i Lender may make proof of loss if not made promptly by' liorrr,wcr
<br />Unless Lender and Burrower tithrrw istt .agree in wrtnn•g, nsuraner pro,ceas ,hail he appiie,l to re,toratit-n (or repair
<br />of the Property damaged, If the- resu)raron or repair is ecorom—lik. tt,.0 ;l,!r .in,i Lender, filmy :, not Irs,enrd. It the
<br />restoration or repair is not etonomitally feasible or Lender , ,cetlnn •.+:•uld ht: icsscnri, the ulsuramt proceeds shall he
<br />applied ru file wins secured by this tiecurny Instrumem. whether of nut then due. with ally excess paid to Borrower It
<br />Burrower abandons the Prlperry, t)r hoes out ,ut,vser w'ulim �0 da,, ., nnut,c hum I en,ic•r that the :nsur,utce carrier has
<br />offered a> settle .(ilainl, then Lcnder ntav collier the to uUfMlce laoll,rds Lrttit•r niav use the proceeds to repair or rest—e• the
<br />Property or to pay sums,e,ured I,, thr,.4ti Insto,ment, w•Ilciher , ;r not titer. dut 1-Ile ;U -day period will brg;n when the
<br />rlurce is green.
<br />('flies, Lendrr an,i other,. i,e .igrcc In 'a -rang, sin ppivan,m :;i pr, :rre,i, to pinup a; ,h:ci! not rxrcnd „r
<br />postpone the cur datt. of the tnowilk pay inenls retvrrt!J to lit I ;! 11Icc 'it(! .unnunt ;,t cite payments It
<br />undo paragraph I`r the Pr,perty :, .leyulrc,f be 1.UlKicr. B,•rnnvn tight to eau pohue, ; nll prn)cecds resulting
<br />fr>na damage to rile Prop, it, i rout to the ..y•.nslu:)n ,hall ; ., ,,, 1.c1.Icr t, !h, extevr ::I ihC 11t, h, thi, svo,rlty
<br />Instrument tmmcobatcly pr:: to the- acquisition
<br />G. preservation and Maintenance of Prop i Leaschupds. ii :riowe'r ,h,li: clot :icstrn...i.unagc :n suh,rantaaily
<br />change the Pr>pertt. allow the prnpetn it, :itt,rioT, to „i ,.,:nmr w:,te I' :Ill, •r,rt tt: In.so unu'nt is ,in .l ie.l,cftol+.
<br />BorriI itr ,hallcomply wtlh the pie),I,t,)il„)f cite ic—C ..11l,i II li :lrt,,wet ."quilt, le'c'tll!e it, rite' f)1'::pertl. ail_ le.,,c' I t::ld.if!,!
<br />- ...
<br />fie (tile shall not n)c'rgr unless Lernper agrycs r•.I the ntetgrr m wiring
<br />'. Prmecuun,.ot txnders Rights in the Property; Mortgage Insurance. If li„n Lai, t,. herilnln ;i,r — -nant,
<br />and agrcralrnrs zontalna -d nt [ o, ti lr!r% I{letILIMCnt, ul (i etc- :, ,..__ ;i h:,:,a : • lit +, .r .,gr t,,.>ntic .ttie.r 1 ,ndt
<br />lights Ill ot(llrupvl(t.,ucha,• ;l.,r, +rt; ling if, hattkr, tpl, 1. i, r,(, arc.h.,t :n,.e:)il' ::.l.•:t - nf- + : :.c.w,, :t :eir�lt.r•lu�.thclt
<br />IeIIdC( Ina,, jl, ar11 -1 leay 1111 will ,",Ill :, ne't <'S S,1I'': t o pr�lt: v.( lilt, ,Aki tt. ' ••t, i>r :il-t -I t, .+II l t l.ie'r , !g lit, j;: .t. 1 >r "t`t :trl
<br />Lilt, irrsacttonsnlay, nvlu dcp ,il :nganv, ; :,in,nt.tr,ihv in r ,iil•it.:pl,cItn :gif-
<br />flit, i l tU. —If}a IIC Itl or Ue , .!'Ill 1 e• 4 ,.: f' ' . t, i,( :t
<br />:inff''till, pitag.aph I,l rt ,
<br />''\•
<br />Al., bl' I c.t,!a - tf_1t'r fr o 1 i .,.: r, .. ,, -t :.'ll :: I :.i , ... ., .. t -. C', '1 'Flo,
<br />�X "tall IC -r li)1t. :, rl lt'11 \:. fC „iS:.r f:�w c'r ilt tttl -. 4r' 1,. 1 t f ..,
<br />tltS,l lLe',rf 1 . tn'•, _ Illy �. tt cif .. •.f f:. j r ., c , .i. :,. ., . .... _..:.. .,: t •.f:
<br />..k1
<br />t
<br />a
<br />
|