|
. , _ _ _ _
<br /> _ _ � _
<br /> _— -- — - -- -r—
<br /> . . c.-.: - - ,� �- -� - � �..— --- ---.. � - _.
<br /> ;K - _r : + - - . r 2F _ �'.. r. _ . _ _. _ ' . .:. .-,��6_ _'
<br /> _ .� . .. ' . ;�`:' -c' _ _ --_ __. - -• - - -- �
<br /> � `< - ��F . . . . . ' . � i � , , 6. :_ _ . . _ .
<br /> ` < -
<br /> � - � t _ � . . . ' _ . . - .
<br /> �. . -.�: . � � , �. � - _ . . - . � � � � 92- �aa�,�v � � .
<br /> � T6e Fu�ds st�li be 4dd in ari in�titution whost d�ts�e c�c+eQ by a fedtrai a3p�Y�iasuumeat�titjt.tx aotY
<br /> (indudin��er.if tender is s�ich art i�itutioe?or in a�yr Federal Honx taan Banh.txnder�ul{appiy ehe Funds to pay tf�t
<br /> Esc�+aw It�.�der m+Y not�u�e Bo�er for Etolding'and aPP�Ying the Fwids.annually an�(yrit�g�the xs�crow aornuot.ar .
<br /> - v 'a�fy�i�the'Escto�r Itenas.unksg I.endar prys Bocrowa interes�on the�uadc a�?PPIica6le taw peimits Lend�r to m�ice sud� • �
<br /> a rhar .Horrcver,l.etder`rt�y ro4aire Borro�rer to pay a one-time charge for an�odependert aal esiatc tax rCpnrting strvio4
<br /> used by l.eider in oo�uxction with,this tan. unless applicable faw provides atfrcrwise. Unless an ag�ernent is made or
<br /> , � appticabk[aw�eces intecest to be paid,I.ender si�a11 r�at be roquind to pay,Barrawu any interest ur eamings on the Fwds.
<br /> Boriowa and L�mder taay�in writing,howcver.tl�aat incerest.sl�ll be paid on the Funds.. Leoder st�all givr to Borrower.
<br /> ` . wid�t�harg�. aa annu�l aocount�ng of tlie Fu�s,showing credits and debits Eo[he Fuads aad the puspose for wfd�fi.each
<br /> --- �� debit ta ttie Fundswa��xte.'llse Funls are plodsa!as addidoaal security for all sums s�etvred by this S�urity Instrument. .
<br /> `' If the Funds detd�y leadet excead the amounts permitted to be held by ap�licabte law.Lender shall a000unt to Borrower.:
<br /> ga�=xc�s Funds in y�cd�noe witb tUe nquirements of applipbte law.If the amount of the Fwidc held by l.edler at any
<br /> — pa�e is no�t sufficient to pay the Escnnw Items when due.Leider may so notify Borrower in writiag.�d.in sueh rasc Botrowes - ,
<br /> - �P�Y to Lendes ttse u�aurk necessary to make np tGe deficieocy.Bomawer sGall mzke up the defic�sncy in m more than .
<br /> tweiv�monthfY P�Y�ts.a[I�oder's sole�scmion. inctn�menl. I.ender shatl ro refuod w Bormwec an
<br /> Upon�yment m fnll af ap sums secur4A bY this Sea�riey P �Y Y
<br /> a�
<br /> - Funds held ltnder.if,under paragraph 2l.I.ender sba11 a�iro or se!!the Pe�ape�ty.Lender.pnar to the acquisition or sale
<br /> � of tbe Prope�ty,sh�tt apply aay Funds held by Lender az the time of acquisition or sale as a cred�t against the snms�ured bY
<br /> this Security I�nna��.. '
<br /> 3.�AppUwtlou ot Pry�s.Untess apQlicable Jaw provides ot6erwise.all payments received by LeodeF under�ragrupl�s
<br />- - t and 2 shall be applied:�est.to anY P'�Yment chazges dne under t6e Nae:secnad:to arnounts p�y�ble under pa�agrap6 2: _
<br /> ' tiurd:to in[e�est dne-fanith,to PrinciPat due:and tast,to auy late charges dae nader tl�e Note. �..�_-_
<br /> 4.C6�r�es;l�ens.Barnnwer shaU pay all taxes.assessments.charSes.fiaes and impositions attn'buta6le.to the Property ��-��--,-_=
<br /> �� .
<br />-. _-- -ahich may�ttain Priortty o«r tfiis S�rity Insaament, and Irasetwld payments or gmund rents,if any.Boitower sJ�al{pay �:
<br /> �=� ` these obligatio�in tlx mans�er.prov�ded in paragraph 2.or if not paid in thac manner,Borrawer sdall p�y them oa time directty �r �
<br /> - "':,,��� to tbe persoa o�vod Ir�Ymen�Borrower si+a�promptly fiunish to Lender alt notices of art�nis to be paid wder tbis paragraph. -: � �`-
<br /> ��
<br /> �' . '•:r:., y:.-.
<br /> .:�C.n` if Borrower makes these payt�xnts direct�,Bomnwer shafl promptiy fumish to Lender tra�ipts evida�cing die paYmn►ts• ..
<br /> � -r". ; Bormwer shall promptty dischuge any lien which has pnonry over this Security Insdument unless Borrower. (a)agree�in _
<br /> , �,� ;. ' . writing to the paymecu of the obGgation secured Try tF�e liea in a manner acceptabte te Lender:(b1 contests in good fattb the tien ;; _
<br /> ,��,�� ,lr � �,�. 6y, or defends against enf�rcement of the lien in. R�proceedings whicfi in the i.ender s opinion aperate to pnevent the �i��.•-.` � - _
<br /> ;,;.,f ,'���,� `- enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordiaatrog the lien ta _
<br />`?-:�,� J••��:�='=-�. this Savrity lnstmmem. if ixnder determines.triu-any pact of tt�ee Pmperty is.subiect to a lien which may attain pnority over __ - .�,`��_-
<br /> p:a;i4• :•,i,�rl., t._i.... : .
<br /> �"'�' tlus Security InStrument.Lender may give Bormwer a noqce tdentify-ing the t�en.Borrower sball satisfy ihe lien ar take one os �
<br /> �`'�'"
<br /> .'�=->-'�. `..:. ' more of the actions set forth abuve within 10 days of the giving of�tic�e. � _i��
<br /> e
<br /> .: �'-��•`��.� ° S. �rd or P►operty lnsaran�e. Borrawer shall keep the improvemetrts now existing or hereafter erected on the
<br /> • '� • �,� P�perty insured against loss.by fire, hazards included within the term"extended covetage"and any other ha7ards. including , �
<br /> .��'
<br /> ' .;.`�;,>:_,:,:�;.•�� � '•:flnads or flaoding.far which l.ender requins insurance.This insurance shali he maintaine�in the amo�tus and for the periads • , ;���
<br /> ��,;�•-.,�:r��. �. q�at l,ender requires.The insurance camer providing the insurance shali be chosen by Boaoyvec subject w Lender s approval • +. i;�
<br /> �,..�. � w`�: r ,�'' t�k�':°. which shall not be unreasonably withheld_If Borrower fails to maintain wverage descr�bed ab4Ye. 1.ender tnaY.at Lender's .
<br /> • ��;a-�:.:�',' ::�YT � option,obtain caverage to pratect l.ender s rights in the Property in accordance with p�a�raph�. :.� '.. . :,. ,
<br /> . :�i�F:�f�,.,€�`'_�-:• ' .� � All inwrancc policies a��+enewals shall be�aax�r.�61e to Lender ard shaCC u.r.elade a standard mortgage ctay�-��r - � ',, "" ' -
<br /> ' i.�s� � f.�� q "t3 "
<br /> �j;'��;.;�;;}�1:;; ,`� "; sY�ai!have the ri t to hol��.. licies and mnewals_.��r:."'der re uites.Borro�•�:s'hall prompQy give co I,en�eF a t t t�oeipis of +��:. � ,_t ,
<br /> ;;'t,,�,�.:-_ . . , �paid prrnunms and renewa�.�otices.In the event of tcs� �:rower shall give prompt notice to the msurance caiiier and t.eni��: �. �'' ,. : ��,< -
<br /> �,d =
<br /> � � . . • Lende�may make proof of lass if not made promptly by Barrower. . " ��,
<br /> , '' �` � Unless l.ender and Barrower otherwise agrec in wnt�ng.ins�zarr..'procecds shaU be applied to sestoration or repaii of t'ne �
<br /> : F:� . -.4
<br /> � � • • � properly damaged.if the restaration or repair is economica l ly f e a s�:��:a n d L e n d e r's 5 e c a ri ty u n o[t c s s e n e d.I f t I 1 C i C S t O T 8 l I 0 A Q t _ �
<br /> � � repair�s not economically feasible ar I.ender e security would be tessened,the insurance proceeQs shaU be a�iied to the sums ,. . :�.
<br /> secured by this S e c urity Instrument, w he t her ar no t t h e n d u e, w i t h a n y excess paid to Borrower. If Borrawer abandons the . _
<br /> property.or dces not answer within 30 days a notice fram l.ender that the insurance carrier has offered ta seale a ciaim,then -
<br /> � � Ler�der may collect the insurance proceeds, l.ender may use the proceeds ta repair or restare the Propeay or to pay sums �
<br /> �'-�- -- � r�ecuned by this Securiry lnstrument.wt��er or not then due.The 3(Way period will be�in when thc notice is�wen. _ _ ._ .�
<br /> .. �ir�.-;c. , - �l': -,-�
<br /> ��:� Untess I.ender and Borrawer o4i'��-«:ise agree in writing, any appha�stian of praceeds to principal shall not extend or , ,�,�:,'.
<br /> � � • ;. °
<br /> ; ,� - ' postpane thc due date of the'*.�onthly payments referred to in paragraphs 1 and 2 ar changc the amount of the payments. If E.. ,•.,: , ,-,i�szt� :. .
<br /> �:��;�'�' ' under ra h 21 the F�� -ty is ac uaed b l.endr::Borrowcr's n ht ta an ic�surance hcies and roce0ds resultin from ,� � rr -
<br /> x y,. -� .� . P�8 P "G� 9 . .. y 8 Y P� P g �
<br /> ' <.'��' • damage to the I'ro prr3r•ta the acqu�sitton�halt{sa�s ta Lender to the extent of the sun�.s secured by this.Seeurity Instcumem '�" 'Ej;7. .-,�
<br /> � . • _ ,` lmmediately�scor to t e acquis�tian. ' �::'t`:+"`�=-.�`�'`
<br /> � �-�_.:--.' • � 6.p�c�opr��,;y,Preservatian;Maintenance and Protedlon oi the Properly;Borrower`s i.oan AQpllcatlon;l.e A S e 6 o t d s. ,` `!��'�!�~__
<br /> `�"'� ���� D u establish.and use the Pro rty as Borrawer.s principal residence withm s�xtq days after the eaecutian af �=:�=-'',� �,,���;� =` "'
<br /> .�,f�ti.. . B c�r r a w e r s h a� c x c p y. P e .{r."�--.
<br /> . -°':4���r� " (Ilis Security instrument and sfiall continue to accupy the Praperly a�&�rrower's prineipa l resi dence fo r a t t e a s t a n e y e a r a f t e r � .��:.�=-_,
<br /> ` ��=� �� � thz date of�occupancy.uniess l.ender otherwise agrees in writing. wbecb cansent tihaU nat be unreascmably witltheld,ar untess G . -� -
<br />'�.• � . - � eztenuatiog rircumstances exist which are beyond Borrower's cantrol. Barrnwer yhall not destray, damace or impair the -
<br /> . ,-;.. . . �
<br /> -r;. . _ = :{�'� Property, a l taw t he P rape rt y to de t c r ia r a t e. o r c o m m i t w a,�t e o n t h e P r o p e n y. g��n��v e r s h a t l[x i n d e f a u l t i P a n y f o r f ei t ure �. . .
<br /> • . ..,::�%:,.�.
<br /> • „.;.; , action or�ra.^�.ed�ng.whether civil or criminal.is begun that �n l.ender's g�x�d faith judgmeas a�rtd resnh in fcssfciture of�he � y .
<br /> '' � property orcr�.:lerwise materi a l l y impair t he l ien crea t e d by t his Secu r i t y I nstrument ar l.cadcr s.ecurit y intetest. Borrawer�ay .,,
<br /> , ,•„,: :_. . �re such a default and reinvtate,a�+provided in paragraph I8,by rau�ing the a�ni.m or proceeding'to be dismi.sed with a ruling �.. .
<br /> ,i;:? that. in l.ender a gcx�d feith determinatie�n, precludes forfciturc��P the Bntto�aer's interest in 1hc Property ar other matcrial , �
<br /> � • • impairment ot`the Iten crcatcd lry this Security Instrumcn4 ur Lcndcr's sccurity iaterest. 8��rrowcr �hall altio be in dcfault ii :
<br /> Bonawer,during the loan applicaticm pracc�r,�avc matcrially fal,c or inaccurate mfi�rmation or statementv to l.ender(or failed . ,
<br /> � .. tv provide Leixter with any material informatinn)in cu�mcction wi�b thc I��an cvidcnrcd by thc Nute, inrluding,but n��t limitai � ,� ...• .
<br /> +'�' ' ta.rcpresrnt�iiuns mnceming Burrowcr's a:cuprency nf�he Pu�perty as a princip�at rcyi�lenrc. 11 this 5crurity lnstrumcnt i.r a�a � .. �.,,�,',
<br /> � les�sehold. Bnnower shall camp{y with :ilt the provision�+ �t' the Ic�se. lf t3orr��wer ucyuires fee Ude w the Property, she . , .
<br /> • _.-= teasehold and the fee litte shaU not merge anlc�s Lendcr ugrccs w 1he mergcr in writing. �' • � .
<br /> � ?.PrMection ot l.ender'g RiRhts in the Property.lf Q�►ru�wer f:�its to perform tbC cavcnants;md ugmements cuntained ie �
<br /> '� ' this Security Instn�mem.or thcre i.y:�lcg�l prviceeding that m�y significanUy afiect Lcnder's ri�hts in ihc Pr�perty(�ucb ac A ; .
<br /> � � proceeding in bankruptcy.ptu[rate. fi�r cc�ndcmnatian ar fi�rfcitum ur t��enfi�rcc la�vs or regulut�uits),then Lender may da and f, •
<br /> - �'=-� pay for whacev_cr is necc�.wry tu protcct thc valuc af d�c Property,u�d Lcndcr'w tlghtw in Ihc Property. Lcnder'��tctions may y_. _
<br /> � � . . ��',��. 1nclude payins any sums scrurcd Ny a licn which h:iy prioriiy avcr this Sccuriry tmtrument. appcari�iR-cnurt. puyiu b* ;
<br /> - • %'� reasonable attomcys'fees anA entcring an thc!'rn�rt�•to n�tc�npair.. Ahhuugh l.�:ndcr nusy takc uction utsder this paragraph •
<br /> � ' � � 7,L,endcr dncs not have ta do�r�. }
<br /> , ' Any anwunts disburscd by Lettdrr undcr this para�a�ph 7 shatt hccnmc adJitietinat debt of Barrowcr srrurc�!by titiw . ,
<br /> ��`i�' - Security inctrnment. Unlcs�.&muwer und l.ender agrce t�.athct tem�s uf paymcnl, thcar umaunts slu7ll bcar interes! irom thc
<br /> • ,� , '�,"� date of disbursemcnt ut thr Nute ratr aud.rhull he p:�yahlr. wi�h intcrc�4 up�n notire fa�m i.cnder to Banower.rcquc�ling , .
<br /> . payrt�enL . .
<br /> " " • 8.Modp�ge itt�ue�ulCC.lf 1.rnder reyuired mortgage imuran�r uv a cr�uditi�m»i u�aking the IUan secured by this 5e��urity
<br /> . • . lnstrumenl.Bnmzwer sh�ll.{r,sy the prrmiumv nv�uircd tv maint�in the murl�!a�:e in�uranc� �n rffect. lf. far an�• reason, thr
<br /> . : � .� � . ranrt�agc.insurance covcmgc reyuircJ by l.r�Wrr t:,prc�or cca�cs t��hc.in rffcct. Burri��vcr sh�11 p�ay thc prcmiums rcyuircd a•
<br /> -__--`--_---_—_-_-- - - oYif:�iti rni�e�'age stlti�t�ft�iatty�qttrvatent tn the mrnfga�ec msurmnr yr�c ivthiy��t e€f��ci.at a e�s�t su�ssla�i:�t}:ra�ui�aicn!Rt!he - i—..=--, --
<br /> .. •.�. .. . _ �:: .
<br /> . - _ . • mst tu Barrawrr�f the mcut�age insurnncr prcvi�iusly in�ffec�. fu�m a»�lterrwte uH�rt�ge insurcr sppro��vf hy I.encicr. If .
<br /> - � . :. - -- - . , - na�s�+a - - farm 3028-9t90 � . .
<br /> .
<br /> ' . ' � �. ..
<br /> ,. . .
<br /> , - , _ _
<br />
|