|
'� ' � � �• ' .t. ' . ' F� s ' 0 �f �. v c �.�;+ .. . . . . ..., ..
<br /> _ > � K _ .\ , �+ i cs � �--i
<br /> TOpETHER 4Yi7M sD tlti Im�roveintnts nor� or here3ftpr t�rec2ed on tha Frv,�ertY, atrel a{f easements, apPuRennnces. artd �:
<br /> ' •fumues now or hareifter s par2 af the p:oparty.All reptacemEnts and edd'sdoas s��i s�so.bs covered 4y this Sewriry tnstrume�t ==
<br /> � All ot tbe toregaing t�ratatrnd to�thio 3acudy inoVument as the'Property.° g�
<br /> • BORROWeR CAllEE1RtJ13 thot �onower is tswtu..�y seized ot ths esiaYe he+e�y ceaveyed and►s�s i3e d9ht to g� and �-
<br /> • convay the Rroperty and thet tit0 Fropct�ty t� un�cumbared, e�wept for ertcum3uan�as aY remrd. �iaawer wamints and wil ��
<br />� detend genera�y the L't�a to the Properiy age�st�1l c�ams and demands,subjer.t ta.any encambrap►ces:+.':ecorA. �
<br /> . Tt113 SECURIN IH9TRUMeNY cc+mbtnss unftartn coven3nts for na8cn�t use and �nwwnHorm covenarrts vrRh Omf4e� _
<br /> ' vadatidns by jurtsdiotion fo e�sittute a unkam aecurfry tnstrument cover'sg real prap�Ey. =
<br /> UN1f0AfVl COIJStVANT9. Barrow�and Landrr eov�ant and ages es fo�oursc =-
<br />, 1. Prym�n!a4 Prdrt�ipal an� lrta��s� Pe�p�yr+�gn�s�ss� Ls� ��ee�w�shsn proma�+i aav�►� �.
<br /> due ths p�trts.Zpal 01 ond(nt�rost ae th�debi avidaneed by the Note and erry p�ayr+re�3 a�d#ne rfi1'x�due under 4he f�ot� � [
<br /> �
<br /> 2. Funth 4nr T�uc�s �� Insuranc�.Subj2�i tn eppaeabte law ar to a wr3ten wa'ver�y��u. Bortower sheU pay� ;-,
<br /> � to Lendcr on tho day monthty pQyrncnt�ere duo under the No2e. antD the Naia is�Cs.'3�ii+�,a su^� 4 funds')fw: (a)y ;'=
<br />-- ...- L8X83 atlG flS888bfiiSlLi LYIiEG�i FfS.�f �C;Jt �AlI� OYES tlls.9 S�li�( I119VI11AE7iT 8S 3 IIBff Oii�FtB PiCy-�CY� �D� Y@d(Ij► I2d88IlOId �C
<br /> paymEnts or ground rents on tha Propetty.a�,r. (o)YenAll harard or prope:�ty fisuranca..�uma f�'Yeady Rood insurance �
<br /> premiums.M eny, (e)yearly mortgage fnsu�anca p�om!ums.if eny;and m arry sums paya�la by Bartowa�to Lender in accordance _
<br /> an
<br /> with the provistons of puayraph B, in Ueu of the payrt:erA of moRgaga tnsur.a��p�=mfums. Thess it�rr are ca�ad 'Esaow� _
<br /> items.' Lender may, at eny t[tne, so'dacl ettd hotd Fundg in an emouett not ta exr,�e8 ihe ma�d.itum amaunt a IenQe tor e _
<br /> ` tederaCy reiatad�nort�ga laan may requke'or 8ormvreYs asaow aceourti under�ths Tat4azal Real EsKate S�itle��e�Precedur�zs �
<br /> Act of 1974 as em�ded hom tfma to tGne.12 U.3.C.�2801 et seq. ('RFSPA'). un�ss �?atNer iaw tAaL eppC� ta 4.4o Funds =
<br /> • aets a lasser emct�s�t. If so. L�nder rtuy��t any ttma wYect and hold Funds tn xn nmount not to�ccaad L'�a 9�ssar ramount •
<br /> Lender mry eatlm+tte tha artwunt ot Funds due on ttte Oasis ot ciurertt dam end►easar+ab7a esttma�tit�Wna�oi tuhtre _
<br /> Escrow ttems ar otheow:so tn accorQance wfth app@c�t�te�+rr.
<br /> The Funds stu9 be haid in an(�stiAAtan whose depaa;te ere fnsured by e tederal agsnLy,ins4umaniaE[q. er�s 4inctuding �.
<br /> Lend�N Lender ts auch an fnstliution)ot In any Federal Mome Loan Bank Lend��h�11.�rp�'�Yna funds to Pa�F���v =.
<br /> ' kens.Lender may not ch�rqs Borrowi►tor hot8n�and apyty4ig the Funda,ennu�y aaa�Sha�s�r accourt.�r verdy[ng
<br /> � the Eacrow ftecns. unTmas Lendar pays Borrawa fnt�st on the Funds and appt�ca31�Ys� parmSts L��to maSce sucA a
<br /> � chacpe Ho�ev� latder mry raquire �orrowev to psy o one�ttme charge tar en inda�en�ta�i rrai esla7e ta�c reyort(ng swica �
<br /> used bY Lendv tn connoc4lon w�h thta taan, un'r-�s app4cab'e tav� pmvldes oth�a i�ntass en�ec�rRrtt Es made cr
<br /> appQcabte(�w reqakas Entemst to bs pafd L�dar shvl not be aquUed to pay Bortow�r�ny int�resi ar g+sm3ngs on ffie WnGs. _.
<br /> • Bcrrowv and Lendw may a�es in wrUlt�p. hotiravsr.that IntEres! shaU be p�fd on ti�e �isaid.>. Len�Et shali g'�e m Bocmwer,
<br /> - wfthout ohfrge,an annust accountln�at ths Fun�, efiow{np cxedite and debfts to tho Fimds and 4ha ptupwa=�►ac�easfi
<br /> � Qebit to the�Funds wra mtde. The Funda are Dkdqed as atfditlanal aecurity tor aD suma s�8cu:ed Dy tha Sar�snT�U^�wa.ra�L -
<br /> If the Funds hoid by LenQ�r axeaM ths amowts parmiited to ba held bY BPDQcabta�ari.Lsndsr shalf$�,.-R�8orrawe
<br /> tar tha exs:eas Funda(n accorC�nca wl4h the�equWnunts of applieable{sw.If ths amo�mi a1 l3ss FratiBs 9�t�d�y lert�et en}f __
<br /> time ta not sufttclmt to P:Y th�Fsvaw fteins wh9n drs. Lender mry eo no�A►Borrower to am'�s+p,sra�6,�n saa'h rz,.ae�rrawer °
<br /> . ahas paY to I.endx th�artwunt rtscsas�ry V�meSce up the doticleney. Borrawv sh�l mdka n�th�dsflcianaY in sro morP than �
<br /> ;, . twelve monthly WYments.at LenQ�s eot�dtenUon. .
<br /> Upon payrttes►t In!4A of�'I eums secured by thia Securiry tnatrument Lanc�er ahatl pr�at�ffij c�hmd?a Sorrawer a7ry fundt
<br /> • '� hCe.wtdw by Lendar. II.und�psra�h 21.Lend�r shE'!acqutro or sea ths Fmperty. Lender,p;�rr�e,�a a�quEstUaa ar anta o14ha
<br />.;`.,tYr,.{ . ••W��Y atu➢appy�ny funQs hetd by!e►dnr at the Uma of aWutsfttan or s,afe as a cre�8t s�ri�i 3,h,$��ns secUne4 b�,��;'f8
<br />:i:p'n. . �.. .
<br /> ��;�;`:t�; 3 Instrumgrft. , �
<br />;!.:.��<:"�� �3 AppllCa41G19 Of �L�y�YCt�4�. llnless apyitccable law pravlCes otherwisa. aG payments reaahre�! by tandsr �.nsdet
<br /> r:>,.�;�: ar� �.ti OqYe s�nder
<br /> ::.,..,f�� peragraphs 1 end 2 ah�7 be app8ed: tirst.ta any prepayment ch es du�undx the Note:Eecand to�cnaunta
<br /> �::;�:�;; pua�apb 2:thlyd.to hteroat due:burth,to pdndpd dus;and ket,to any f�4e charges due uudar tt►a UfYata .
<br />�",°.:F�,., 4. Cllarges: Li�ns. Bnrrower ahal pay �ll tax�s. aaaam�� charge�. fies �nd impci�fjmrr� a'1S��a7�'w tfie
<br /> ;:.. . � . P�operty whtcb may attau►pdority ova tht�3a�rtty tnsUUm�n�md tats�efiotd payments or pround re�strs:iR r�:y. �;.ri�rrer str�I.
<br /> . , , pey thesa o4R�ttono In the manner provfda0&� pata�yA 2. or M nflt p�id In 4htt m�nner,Bortotiwrr,r-�r�iR asy tt��an ttme�
<br /> � �rectly to the peraon owed paymr,nL Borron+a ahall pfomptty tumWh to Londer�notice�of emoun�4ti re pa}CS-tir+r�thte �
<br /> p�rsgs9h. If Borrower m�ka� theae payments dUecfty, Borrower eAtll promptly km!tsh to Lender �ts �tkitrr¢h+g 'the
<br /> ' P�'ments• '
<br /> � Bonowe►shai!P�ortpt�►dt��'i�arps�nll Yen wA�ch F�ts P�Y ov�r tM�S�curtry Instrutswnt unleso.�7�s;warr: Tdl�+�4i�e i.�
<br /> :, ..�i +w,•�?�.c9 to the payment of the abtl�t�an eacured by the een tr��mmn�r acc�ptabt�to Lenda: (b) a�nitt�in S�Aa�;�t�is..�. ..
<br /> .,;' �Fe:��J,cr rteS�ds a�Inst enforcement of the Wn tn. t�ga►proc�nps whlch fn the Lend�'s opin4vr.z�p�uato.ta�'ararc�an. �.: �
<br /> .. �,( . �4rrv�cr�2.ae7 btie Ibn:or(a)eeares trom tbe hofd.r o4 the Can an a9r�n`nt aatttlactery to Lender.rs�lt«�a�r+r��kri 4tsri ae _
<br /> �1 L�Sacvlity RnsLumen�11 I.ender detwmtna9 that any psrt ot tho Pra�Ry(s subj�ct to�Wen whkh mejr��a.+�Rl�en�+e.r 2�is _
<br /> :: �` Sepn,'!y InaOrumertt.Lender rr�y givs Berrower a notice ida�ti�tn➢th�Ym.8arrowM ah+li.aa9sty tNe Yen.¢+u'talca an�;arrreGro.�s est • .�
<br /> tfie acUais ael tortt►�bove wilhin 10 days oi ths a'viny ot notlw.
<br />:•uit:�:'�,.��;� 5. Hrr�d nr Prop�rty fnsuranc�. eorrowa stul icMp th•unarovem«ne now exisKng or l�at.e�'ttar�xa�te,��a*_s i��
<br />'+'���::��`.'�'� � Properiy tnsurad Q�inst losa by flre. hazards Atcfudad wEth�n th�tmn •�Q�nQ�d cownqe' and�ny dRr�r��.fi�.r�-�r
<br /> '`;it,-.;-;. Roods or tloodtng,for wAlch Lender�equkea Inautmca. 'fAis IMUranc� �h�Y b�m�;nt�in�d(n ths amourtYa�d O�+r ifi4¢►�in�c
<br /> "'��f that lendar�quL+e�. The Insurence curta provldinp th�Inaur�ncs shN!bo chas�n by Bortvwar aubject to txn�f'���p�tc�.� . .
<br /> t which ehaY not be unreraonab{y wfthhetd. H Bo�mwor foifa to ma:nL(n cov�ray�d�sor�wd above, I.ender mtn3>u�t.��eri�v`a
<br /> �, ':J� optton�obtetn coverage to protect Lends'a dgMs In the Prop�rty In�caard�rtco wRh pu�Qaph� ,
<br /> �.°� A�tnaur�nae poBcies �nd renewals shaA bs acuptab{�to l�nda ane sM11(ndiuN a eRand�rd mortgeya cleuaon. Lsnjv
<br /> �. ` �� shao h�ve Me�gM to hold the policlea ond renawal�. It l�nd�r nau(n�.BoROwr ttwfi promptty►yNe to d,endcv an cecotp�rE.
<br /> . �`:°' patd premlums�nd rennwu noUces. tn the event ot loas.Borroww ehaY q1v�prompt no9es to the insurance curter s►nt►U�r�ar_
<br /> '� :� '''� G,ender mry m�ke proot of tose if ndt m�6e DromPtly►by Borrowir.
<br />:�'��'�:'r;;� Unfe9s Lender ond BoROwer otherwlse Q��h wrNnp, hwnrtc�procNds ah�Y be app�d to reatorsUon or c�mh c?�hn
<br /> ;,,.�.. �a�aly duneged,H the rostoraUon ar rep�ir t�ecanort�caYy twib{��nd I.�nd��acutity b nat I�saened. I1 the rezrtu�iran or
<br /> :-�•� repair Is not eeonort�icaly teaa@�te or Lender's sacur'fly woutd ba Wss�n�d,th�tnsanr�a procMds shaY bq app8ed to�tre sut�v
<br /> .,. ":t se�ured�y thla Securtty Instn�ment. whether or nol then du�, wkb �r►y occ�as pdd to Bortawa. H 8or�ower a6a.�r9anc tha
<br /> '.�?�;:
<br /> • j± Propary, or doea not enawer withln SO doys a no:tcu iram Londo that tho lnwnnc�curiw has oN�rad to aelUe� c�lm.9:��n
<br /> . • lendar may coftect the Insurancs procaeda. Lender may us�th�procNdi to tpair or �Nton trts Property or tc �av+��:i.�n9
<br /> . � �ecured 0y tAts Security tnsWment,whather or not then duc� 1f�e 90�y pMfod w1W bepin when the noUee ts fltvcn.
<br /> �.! lh�ksa Lender and Borrowar othec�se a�ae h wrlttnQ, �ny appNc�Uan of procMd� to princJptt sheD not ada�fs or
<br /> •. '+'� postpone the due dsto of tho montAy payments r�tened to In pua�pha 1 Rnd 2 or ch�np�ths amoun't ot the payr.�"t�..1f
<br /> :1:� und�paragra�h 21 th�Property Is acqulred by I.�nder, BoRawN°s dpht to trty Inauronce poNcies�nd proceeds resutting�rom _
<br /> :s�; dnmage to ths�operty prlor to t4�e aequtsttlon s�ell pn3o to Lcndcr to the axt4rt3 of the aume by this 8e�ur(ty Instrum�nt -
<br /> ,�.,;;,��;'r', L^una�aterj�9a�to the acqulslUon. �
<br />_�j.,}j'k°'t 6. l3��upancy. Pre�rvo4lon, Malntmauec� �n9 Prot�etton of ths Rrop�rty: �orrmw�r'A I.a� ;
<br /> ;...; �
<br /> !.,.s`�;;. .:L�3�e; L,oasahalda eorrmier ehaft oca,py.cat�bffsh.nnd uss Ih�iRaDKh►as BoRnwar'e pdnetpal�esldance w�itil�
<br /> •.r �"'��
<br /> . s'wy �.ys e'C�r the execWon o1 thla Secufity tn�Vument �nd sh�{I conUnw to occupy lh� Ptopnty as Bortower's pdnapof
<br /> � res:den:e!�r et teast one year efter the Qata of acCUp�ncy, unl�i� Lrnda otherwlse oprees In wrft�g,whteh consent shaU not �
<br /> ,;� be unreasonabty withhetd,or uNess exter�uaUny ckcumsUnce��wat whlah us b�yand Eforra;rw'e control. Borrowe► shail noi
<br /> • B�stroy,damage or Impak tha Property,eltow the Proparty to d�t�stotato,or a�mmtl wa�2e an the Propa�ly. Boaower sha9 bo In _.
<br /> �_ �ri N any toReiture actlon or proceedtng, wheiher cMl or GNnlnd,Io ti�m Ihd In Lmd�t's qood f�Sth jud�rtent could resuR -
<br /> � an 8od�ture af the PropeRy or othenvlse matc�.'ty Impalr tho Ilen ereatod by th;s SacuAty fnntrumant or LanCer's seeudty intcrost. -
<br /> _- ��,��«��,�a oag���y �� c,� �
<br /> � 96040
<br /> . •.5,
<br /> •a
<br />- �47�:�'r, . - . . , . . . � .- � � i... � . _ ' � . . ' . . . - - .- � •. {��`�n �
<br /> �1� .t<, .. � . .. . r� U�y .
<br /> , .(Yl�..���i .� . . � • ..:t ' . '. . - . . . � .. . " _ ' ib��`��. .. _ - ' , . . .. . _ _ . . �'t l��t.ir,.
<br />
|