|
: . "_ __
<br /> ='n�, ' . - •• ------- �
<br /> •.�. , � _,� ..�.�...�.r
<br /> � __---_ ,+- ��_�.: - ------- - - - -
<br /> ......_.._.... .._.�_ ._,_ .
<br /> a----aas^.. - - - -- -- - --- -_
<br /> G"
<br />. - ..__. +� _ - �__ j� /�(� I� �
<br />. . __ . . . _... V��M► �YY��I �
<br /> \/ C
<br /> , TtXi�TF1fFt WITH W Ih�k�ov�nwnts now �r 1►�naft�r K�ct�d or�Ih� Pr�tY, and dl �tsrnwnt�. �ppuAona�ces.�nd —
<br /> futw�y rtc�r ar hwWllK�pan ol th�W'oP«'1Y. Ail ripl�oN►�wnt���c?W.id�ns s1uY also ba co�arad by lhb 5ecutity InstrumwH
<br /> IJI of tM tapo+ny b rrl�mfd to fn Ihls S�curiry Msuummt ss tM 'P,aGw�Y' ��
<br /> BOHA(�R CO�'£NANTS ihrt 9arowar Ic {�wtully R�i�z�d ol tM�sl+t� h�nDy c<���y�d and M� 1M nqht to grsnl�nd
<br /> conr�y iM Nro�wty �r�d ltwl ltw Ropraty is un�nwmbwd, �r.c�t br Mcw»branc�s ol iw:�xd OOtTJi1'M HifTifl(1 �Rd Ml� .
<br /> d�Mr►d 9w'�'+'j'Y Iha W�+to t1w f'ro,.aty ap�Snst sy cl�xn�+u�d cM�nwr►d�, wb)+�t to wny�C�r+bnnc�s o1 r�cord
<br /> THIS SEGUAITV INS'iR111�1kNT combina urui�+�i cov�runts b► nuio^al use cnd na�++nAorn► cor•wnta w�tA MnW�d �
<br /> �ari�t�ons by�uAsdkt�ro constitut��unAorm srcwitY h�trumm!ca;�rinp raal prop�rtY. —
<br /> UNIFOHM COYtNl1N7S Baroww�nd L+�ciw ca+�nant u�a e��a a�Ic�llows -
<br /> 1. F'ayniw��i �f P-rirticl�:! an�! !:elar�sl; P»paym�at�nd Lst�Char��s. Borroww snw a+�t+►N a+►v wn.n E-
<br /> �th�prine�Qst el+u�d fntKMt o� th�doDt �wldanud by iM Not� �ntl anY�xvW1R+�t snd 1+1�ct►arp�s cAia undeo Ih� Nol�e. �-
<br /> taw or to r wr►ttan waivar by l�nda.BorrnwK shsY WY
<br /> 2. �undr�Iw Yaxaa �+r! Msurancr. subi�+ �n•t�t�ca� �
<br /> to Lortdor an th�d�Y mantNM WW�^ts u� du� und�r Ih� Noto. unW th�Nata Is p:►a h IuY. �awn ('Fund�►') for: (a? y�+'�Y �
<br /> tax�a �nd �iswssm�nts whlch may attafn prb�itY ovw Ihis S1cu'ity InsWm�t �s a liw� o� ths Propwty: (b1 Ye+u�! Iwsohoid F;
<br /> WYmcnts a ground nnts on th� Prap�rt�, it�ny: (��5'�Y hatud a pr�a'IY ictisur.^�ca p.•emWms: (d� Y�Y�inuxaice F
<br /> pr�miums.d any, (�) Y�Y►��a9�hsu axe p:�nw�m+. it �ny: ar�d(4 �Y ¢�P+Y�by Bortowar to lM►dar in accard�nce =
<br /> wi�h tM prov�sion� of P+ua9nPh �. in fNU ot tha paym�nt o1 mortq�pQ hwr�� F�. These drns +�re cW�d 'Eurow
<br /> It�ns' Lcnd�rt�y. �t any timp. coY�ct Aad hdd funda in an un�auM not to oxcwd the maximum amount � lendar lor s ::
<br /> faclwaiy nkt�d mottgaye lou� may rpukt tor Bortoweis etcrow aaounl ur�du the ted�rs! Rrl Eslate Sstttenwnt ProcedurQs
<br /> Ac1 a1 197�as airwnd�d t�wn Wru to Wn�. 12 U.S.C. �Z60/ M sQq.('RF�A'),�� �+�o1Mr law lhat appfi�s to the Funds =
<br /> sNs a Isssv smoum. Ii so. Lendw r�wy, :t«�y MT�,cr°�a nnd ho�1 F�'^�+ h �^amou^t nol to excead the kssw amount. -
<br /> Lendor may estf�n�t�e th� amourt of Funds diw on the basia o1 cu�r�nt dtta and reasona�la eslimata�ot exP�^d�W�es os tuwro _
<br /> Encrow It�nu or cNh«wts�in accordance wiih appicabN I�w. rsstrunMntality, o+anUh'(��+�^g -
<br /> 7A�Fw�ds shafl be hald in an fnstiwUon whau d�posiu uo inwred by a I�denl�Sency.' _
<br /> Lend�, it l�nda►k such +ui insGtutioo} or in sny Fedaal Hane Lwn Binic• la►rier slwll �PP�Y t�F�^�to pay ths Escrow �
<br /> Items. Landu m�y not ch�rpe Borroww lor hoidirq and aPptyin9 th�Funds. a+uwaYy anayzin�lAe esaow acccwnt, a vaityiny =
<br /> tha Escrow tt�ns, w�Mss Undw pays Bortower hterat on the Fund.i�nd applicabW Iaw P�mtits Le^dx to nwlce such a
<br />- charge. Howww. l�nd�r m�y rpuke Bortower to pay• cx�atl+►tie ctwge tar m ind+Psnd�nt r�►+ �staU tax nPa+tinp serviu _
<br />- us�d by lmtl� In connectlon w8h thls loan. unlass ap�Yc+ble yw provldw oiherw(sn. Unbss an agnem�nt ia mad� a
<br /> epplic�bl�uw nqufros k►tunct to be pald. Lenda shaY not b�nt�ulnd to pay Bo+rowar any int�nst or eunin9s c,n U►e funds
<br /> 8wrowo► and L�ndw may apre� in writinQ, howavw�. that intx�st shW be pald on tha Fursds. l�dw sha11 phr� to Bortowor.
<br />- wNhout cRu�e, an uuwal accounUng o1 the Funds, showing credit�a�d dbif�to the Funds�nd th�pwPosa 1or whic�Mch
<br />- dohil to the Funck was made. The Funds are pl�jed�s add�Uo+tial sacu+itY ie►W sums secwed by the Seauity tnstrument.
<br />- H the Fu�ds heid Dy LmdK excaed the artvounts pemwtted to be h�ld 6y�pAlic+blQ law• Under shaN acc°unt to Bortowe►
<br />` tor ths exass funds in accordanca with the requt�ts ol�ppGubte 4w. It the amouat o1 lhe Funds h�ld by Ler:der d any
<br />! time Is not wtfldent to pay the Esuow Rents wtw� due. lender m+y so notity BortowK in writin9. and, in wch casa Eiortowst
<br />'- shall pay lo Landx tha unount necsssary to make up lhe de�rr►�Y• Borrowa sh�l rt�ke uP the debcia�cy in no rtwa tha�
<br /> = py�ty�monthly payments.at Lender's sote discrWon.
<br />� �P�PiY�'+�^t in tutl ot al!sums s�cxued by this SeciuitY k�stNn�n1. LendK shall pru'+iP1A' ��tund to BortowK u►y Fu�ds
<br /> heid by Under. N, undar pari4raPh 21.Lender shaY�cquiro or sei tho Properly. L�ntbr. Prla+to tha acqulsitlon or sal�ol thn
<br />- Prc�peRy. shaM apply anY Funds held by LendK tl tlne Urttie ot acqu�ition or s�b as a vad'R+4�ins1 ths su�ns sac�xW EY thk
<br /> Secwiry Mstrument. ts receiwd by Lender under
<br /> 3. A�llcAtion of R�nents. unksa a�plicabM ww provwNs oth�wisa. au I�Y�
<br /> par�►graphs 1 and 2 shW bc appli�d: frst, to any prepaymml char9es due u�de� the Ncie; s�cond,to �mouols PaY+���
<br /> puaqnph 2: thkd.to interost dur,fourth,to princqsl dua: and Iast.to arry�tts char�es d�o undr the Not�.
<br /> 4. Ch�rgas: U�ns. Borrower shall pay all taxos, assess�nonts. chuyes, fines and irnpoaitia+s auributabl� to th�
<br /> property whlet+rt�ay attain prio+iry over thls Securiry Instrum�nt,and leasaR�td payments or yra:nd rents,d any. Bo+roww shal
<br /> PaY those obtiaatioes ln the man�er pravkfad t�para¢aph 2. or i noi p�ki in that rrwu�r. 8at.ow�r sh�Y pay them on tYne
<br /> dincty to the person ow�d p�ym�nt. Bwrower shall promPUY tumlah W �endK aN notic�s ol anwunts to bs pald undr thlc
<br /> - P�9�Ph. H Bortower m�ic�i tl►sse DtY� ��Y• uouuwd a:.:: �..in��.i !'.:•�R !4 !��lde� ��!�;Ne evidrw3�w Ut�
<br /> WY��u.
<br /> Bortowar shall promPbY ��9e any lien whieh has priority ov�this Security lnstrument untess Bortowx (�) ��MS in
<br /> writing to the payrtknt of tha oblig�tbn sc-cw�d by th� Iwn h a mvtne�acceptabb to Lender, (b) eontasts in 9ood f�ith th�
<br /> 4e� by. or da4�nds aq�ins!e�toroanwu Ct tf;e fwn in, leg�l Proa�9s which in the Lenda's oQinbn oPerate to pravmt th�
<br /> et�forcanait of the Oen: or(c) secures horn 1he hotdor of tM iien�n a9reen�nt sa�aGaY to Lender suho�dinit�th°�^to
<br /> thia Secwity lestrument. If l�dar detamin�s tAat any part o1 tAe RoIa�AY is subl�d to a Han whkh muy aWh p�iority ovu thls
<br /> Secudty Instruma►t. Lendr may give Borrower a natia idanUfyhSl the kn. 6ortow�r sh�N sallsy the Ifen or tafw one or morc of
<br /> th�adions sel toRh above withk�10 days cf tha plvinp of notice.
<br /> 5. Hszard or Prop�rty 111sur�oetca.Eiorrower sha11 k«p tYie�tr.�prov�n�nta now axlsung oc hanaRer erectsd o� the
<br /> Properry fnsured ayahst bss by fin. hazards indud�d within th1 tcxm'axtendod coverag�' and any othx hazardt, indudin9
<br /> Aoods or toodng. tar whkts Lander raquiree insurana. Tds inau�nce shaY be maintained h the amouota and ta tF»p�iods
<br /> tlwt L�nd�r raqu'res. The�i.r�nca curier ProYidin9 th¢hs+uana sh�l be chosen by Baroww wbject to Lend�is approvai
<br /> wh'.ch sh�N not ba unre�sc�.`�a�iY wwithheid. If Bortower�b ta maint�in coveraye described above. Lr�dr may.s3 Lnda's
<br /> option, obtain covaaye to protect Lender's�iqt�ta h the Pro�ty in accuda+ice with paragaph 7.
<br /> All ins�uance po6ci�s and ronewals sht11 bo acaptabb to Lender and shall hdudr a st�nd�rd moRyaye clausa.Lendx
<br /> shaY have tho right to hdd the poYcla and renewab. N LendK requ�'es. Bort°�"i�►shall PfO^�Pth/9^ie to Ltnder al ree«Pts W
<br /> ' pa;d p�p�ums and renaw�(,rtoticas. (n the event ot bss, Borrow�ah�l pive prompt noUca to the Inuranc�carrier�nd lende�•
<br /> L�nd�r rtry m�ke proof cG twss d not made Pra+�DnY bY B�ar.
<br /> Unless L�nder and Barcwer othetwiae a�rM in wril�ig.insurnce Proc�eds shalL b� 4PP� to rastora8on or repair of the
<br /> = prapaty damag�d. il the resioratlon w repaY is oconort►�ca7Y teasbk and Lender's security ts not lesse�ed. tl the res9cnibn or
<br /> repalr is not QconortacaYy feasible o+ Lender's s�curiry wa�ld ba Iessc.neG. t1►s Insurance Proce�ds s1�aY b°aPPNed to ihe swns
<br /> . seaued by�• t�+is Seauity InsVUmer►t. whethx or not then dua. w�A a^1v exuss Paid to Bortow�r. H Borrower abandons the
<br /> i�rop�ty,or does not ans�r wiihhh 30 days a notlq irom Lenda tfrtit tlee nsu+�nce cartier has ot(Ked to seUle a cWm. then
<br /> Lander tnty coYac! the rsi.r+�nce proceeda. Lender ma�use the procee�s to repiic or restore the PropeRy w to pay sums
<br /> - secured Dy thls Secwity ksGvnent.whdher or not then �ce. The 9�-dry Qeriod v+�4'6eyi�when the noUoe is giwrt.
<br /> (�n{scs I.ende� and 6c�c«4r otherwise agree In w�iting. any apR�aUa� 01 proceeds to prinelpal shaY rtac ealend or
<br /> _ pos�on+e the due date of the marsthly�payntenla referted to In p�rt�Fhs 7 and 2 0+ chan9� �he amount of the payma�ts. IT
<br /> � under P�+6�+i� 21 the�,.perty is ac�f+�f 3y Lend�. Borrowas r�.3hr io eny insuranx PdiGea x�! Praceeds rowlting ham
<br />'-�a darnage t� the Property pr�w to the ac�.;lsision sha� pau to lenci4 to the exiail oi tiw suc�ss tp'Gu% SxuritY Insl�menf
<br /> irrr►�tey pr{or to the acquisition.
<br /> = 6. Occupancy, Presarvstton, MalMon�sca and Protsction of tha P►opoKy; Borrowe►'9 Loan
<br /> � APPIiCatiO�; l.��holdf. Bortowa st�M occupY. estabksh.and use the Property as Barower's principal reskienca within
<br />= sixty days sf'.er the execWon of thls Searity InsUwnent and shaU continue to occuPY ttw Property as Baroww's Drincipa�
<br />-� residence for at least one yev after the date o1 oecupaney, unlese Lender otherwise a9rees h writin9•Wh�h �°^sent sha11 not
<br /> � be unreisonabty wRhhetd,or unlas extenu�tiny crcumstances e�dst whtch �ro beyrond Borrower's control. Bortowir shail not
<br /> = destroy,dart�age or impaY the PrcPartp• aYow the Propertyr to det�rate, w comntit waste on the PropeAy. 8o�ower sh�il be in
<br /> detauft il any lorteiture actbri or proceedin9, whet:ter civil or trirrinal.b bepun that in Le�der�s good wcn j�a�nent co�a res+,a
<br /> in tortq0ua ot the Property w othawise materlaly irriWK the tien ae�ted by ttas Security Instnmenl or Lender's sacurity intarest.
<br /> � �
<br />._` F7316.LMG(7/95) PyQ 2 0}S `
<br /> �
<br /> � � 96017 . _ _ . . ...
<br />
|