|
.w. ;ie`� ..F;i, _ � _ _ _ _ __ . _ _ . <' . �'�-..
<br /> � At Y ' _ _`.Ni ���T�'.� . : . ' _ .:'� -_—
<br /> . L��_ [ __ _ ' . .
<br /> - �. . - ._C _ ' . . _ t- -
<br /> =- =w_�- --�-; � . � : - . - , . ` _ _ � : � � - . g..:�-fa�.�� ;� �-__ �-
<br /> . . -_T:Tbe`Fund3 d�a 6c e�m in an in�inuioo whose d�its arr.in�uoa ny► a feaaat��Cy. �w�1`�►•—�'.�-�-�---
<br /> . . C��a�•��ct�oaer is stich�m imdart�)or in�►y Feaaai Home I,o�smtc.taaiaer ahdl appir t�t Fo°ds to�y� : :
<br /> �civar ltems.l�e p�e r may aot�u ge B o n o w e r f o r 6 o W i n g�a d�p p i y i d g�W e F n n d s,a o r►u a l l y a m i y ri u 8 d�e e s c r n w aao5a�.a' `
<br /> -- - ,�,f!'�G--�.,L[aw�C.-sa:�� .....w....r�iafe�tl.xr.t^���''F�s� " ��L '
<br /> �—� '7tf-�If�1�ilAL��.i!llaE�iD
<br /> . ��.H�WCVCl._��Y��BOfIOWCT LO�Z UIIC-tI�G f:�BC fOT 8[1 1MCpC11dC�[p�
<br /> , , uscd by•Iti�der ia coo�ction•v�nth this [o�o, nntess ePPUrable taw pmvide.s utberarjse. Unlas an asroemeat u m�de� _
<br /> BaROweranYintu�core�nu oat[�Fands.
<br /> appf�6�e Iaw requiros intercst to be paid,Leuder shatl�wt be roguired to 1xiY �
<br /> 'Bamwu�uci l,eoder maY agnx in writiug.howcwu..diu iate�est s1�ll be paid off t6e Fdt�ds-���8�f whicb ach� �
<br /> withow cl�arge.an antw�l ac�►tin8 6f tDe F�nds,.showmg cred{ts and debits to tbe F�mds and tbe p�upost , `..
<br /> wa
<br /> - aebit ta t8e Fa�is was made. Fwids aze pledged as�dditiona!soc�i4YY fnr'all sums savred by this Security I�•
<br /> �� I€the Fwds he�d by l,eader e:ceed tIx amotmts pertiritted to bc b�eld by app[icabk Iaw,L.e�der sh�ll aoco�t to B�area�rar --= �.
<br /> fer tbG eaccess Fonds ia avcotd�oce with the requ�ments of applicable taw.I€the amounc•of d�e Fuuds 6d�by Lader ac auy .
<br /> time is nat sufficient to pay the Escmw Ite�when due,Lender may so notify Bormwec in wciting.�d,in wdt cat�e Borro�s '
<br /> shaU pay to i.eader tbe.amouat neassarY w malce ap tl�e defitienc.y. Bomnwer stwll anicc up the defie�eneY%n no a»te dm� -
<br /> � hvdvemonthlypaymeais.�utl.a�der'ssolediscratiaa. •:• --c�-�
<br />_ � UP�P�Y�ia fW1 of.�Il sums secund by tUis Sowrity I�pstcament. Lwder st�ai!P�tty�eefvad to Bor�owa mry
<br />� Fwds treld by Leodec.lf.uader par�h 21,I.eader shall accryite ar sell tha I.ender,pnor[o tha aoyois�itioa,a�aale : �.,
<br /> D 0
<br /> - _ of tbe geope�ty.shail app1Y aaY�unds�by i.ender at the tima of aoquisicion�e sc a crodit�We snm�seC��! -
<br /> thisSecvritY I�o�nc•---- -- --- --:�:.._._._. - --. - - •- .�...:�: •. ..,,,
<br />�Y=, --- -- -- 3.Appliaition of P�ja�aks.Unlcss a�,�e law providcs ot6erwise.aII paymei�s nai�by I.mder.�m�Cip�P�s:',.:::: ..
<br /> , 1�nd 2 shall be applied fust.to amr Ptt�Y�!�Ses dne nndcr tbe Nute:'seound,w amaants p�tyabit o�der p�Pb Z.''`:-`'':::;z� .
<br /> tfird.to itKe�est due•fottnh.to principal due:�sC�;m any late dtatges dae aoder the Note. :
<br /> . � , 4.Cla�ea:Li'aas.Borrower shall pay atl`�ses;as.sessments,ctwrges,fiaes uid impositions aun'6utabte to the P�opaty
<br /> . which may attain priarity over tbe�Searrity, Itt.�b ard.teasehotd paymeats or gmund t�eats. if aoy.Hortower sh�ll.pay
<br />�^�� .these o6lig�tions in tGe manner proi�ad ia�2.or if nbF�aid in tl�m�nner.Bomnwer shaU p�y them on time disectly
<br />�.:.;i'' � .ta the pe�n owedp ayment.Bocrower slsaft�Y fumish to Lender alt natices of amounts w 6e paid uider this paagr�ph. .
<br /> - If Hocr+nwer makes these payments dire¢tty,$orroiver sbaU proroptlY fumish to L�nder�+ecxiPts evidencin8�p4Y�- -° •
<br /> � Borrnwer shall promptiY d�scharge ary lien which has priority over this Socurity I�tn�ankss Bornnwer:{a)�t�ees ia
<br /> yvriting fo tise payment af the obligation socozod by the lien in a a�aaner aooeMable to Lendet;(b)coatests in goad faith t1�e lian .
<br /> • by, or defends against enforcemerrc uf tAe lien in, tegat pcooeedings which in the I.er�ier's opinion aperate ta p�erreot the�
<br /> �t�; enforoe�nent of the tien:or(c)secures from th�hotder of the lien an agceemen�satisfactorY to Lender subandinatmg tbe-tko to
<br /> - this Security i�trument. If LeMer decemunes tBat anY Part of the Pr°P�';is subject tv a lfien which may auain priarity over ,
<br /> ;:t � this Saurity Inswment.Lender may give Bomower a notice ideapfying ffie lien.Bormwer shall satisfy�fie�iai��ce one or
<br /> _ .. << more of the actions set forth above within 10 days of the giving of notice. � � '
<br /> - . , 5. }���prop�y Iasuranee, Borrower shall keep tbe improvements now �sting or her�after tic�3•on the
<br /> x :,�n��?f ..' Property insured against loss 6y fice,hazards inctuded within the term"extended wverage"and any othcr hazar�,;:f.u.duding
<br /> ,. � �;,:::: tloods or flaodin�.fo;which Lcnder requires insurance.'[T�is insnraace sha11 be araintained in the amoants and for�Fi�ge,riods
<br /> r:._ , , that Lender requues:.'F6e inswrance carrier proyiding the insvtance shalt�be chosen by Borrower sabja.t to Leakr`s`�pproval
<br />•�� �' • which sha11 not 6e nnreasonably wi�:,[jeld. If Barmwer fails to maintain oast.�rsge descn'ixd abave. Lender may,at Lender's
<br /> .. � ' `, `optian,abtain coverage to pratect Ler�der's rigiats in the Property in accariiance with pa�raPh 7.
<br /> ' �-.''?��". AD insurgnce policies and renewals shall 6e acceptable to Ixnder.aad shall inetude a standard mortgage clause. I.eader' .
<br /> �' � :�-``' Horrower shali promptly give to Lender afl receipts of -
<br />. ��,,,,� �,, s(�at1�u�z ehe ri�hht to hald the policies and renewals.If I.endec ieqaires, .
<br /> � �.:�:,-::=• =_,.;<`_. , paid prcmiums and renewal notices.In the event of toss,Bomua�er shall give prompt notice to the insurance carrier and Leoder.
<br /> �` ' •• �L,et►der may malce proof of tuss if not rnade pramptig By Borrower. - • �_0._
<br /> . �'�.. �.,_� ., . , --
<br /> ,,_ Unless Lender and Borrower otherwise agree s�s wnung. insurance proceeds shall be applied to restoration or reQair of the _�—__
<br /> , •�*;� . -_,�.�, , piraperty damaged.if the restoration or repair is ecanomically feasibte and Lender's security is not lessened.If the restoracton or � =r
<br /> '`���.�:':. repair�s not economically feasible or Lender's securiry would be lessened.the insurance proceeds shall be applied to the sums :�. ,
<br />' , ��.�.� �� securod by this Security lastrument. whGher or nat then due. with any excess paid to Borrower. if$orrower abandons the �:-',`r°`:. •'=F
<br /> �:� . , ,..,�..;•, x
<br /> �.t L Property. or does not answer within 30 days a notice from Lendet that the iasurance carrier has affered ta settle a claim,then ,.�:,;, _ ;µ�;
<br /> ,_:�e.:;.,.,,-,�i�i. . . . -
<br /> .� ��,_. Lendec may ¢ollect the insurance prace.eds. Len�ier may use the proce.eds r.0 repair or restore the Properly ar to pay sums •-;�.; •'-.
<br /> ��; secured by this Secunty instrument.whether or not then duc.The 30-day ,�ad will begin when the notice is given.
<br /> � ��:r;�= ;,�� Unless Lender and Borrower otbenvise agrcc in writing, any apptieation of praceeds to principal shall not extend or � � � ---
<br /> ��=�?�`-�; � . � postporte the due date af the monthly payments refcrred to in paragraphs l and 2 or change the amount of the paymen�s. If •
<br /> ' •�'-�r'.:�� '` " under�.*agraph 21 the Praperty is acqutred by Lcndcr.Bnrrower s nght ta any insurance policies and praceeds resulting from . `
<br /> -�ti..� ,. ,. . . .
<br /> • �: � dama,ge to the Praperty prior to�he acyu�s�tian shall pass ta l.ender ta the extent of the sums secured by this Secu�ty In.arumene
<br /> . '�-���'� ' immediat�ly prior to the acquisition. .. _
<br /> T ; ' 6.peqrpancy,pr�ervatbn,Maintenance and Prolection o!the Property;,&�rrower's I.oan Application;Lqseholds. ..
<br /> ��'�;�s Borrower shall occupy.establish.and use the Praperty as Barrower's principal residence within sixty days after the execution af �
<br /> 3* :'=..: ..
<br /> �--�'�i.; • this S�tity lnstrumem and shali continue to accupy thc Property as Rarrowcr's principa!residcncc for at least ane year after
<br /> '�;�;'':��;•::;. �' . the da�af occupancy.untess Lcnder athcrwisc agreea in writing,which consent shall not be unrea.wnably withheld.or unt�s ,' �t. .
<br /> ;_=<<y?-;''y• ' ; exten�iag circumstances exist which are beynnJ Borrower's control. Bonawer �hall not destray. damage or impair ttae „
<br /> ,� ,:�.�:�:.�,;�.: � Properry, allow th�3'taperty to deteriorate. nr mmmit wa.tite on the Property. Barrowcr+hall bc in default �f any farfeiture , ,
<br /> � action or proceed���;.whether civil or cnminal. is begun that in i.crxier`s g�ixl f�ith}udgment canld resuit in forfeiture of the � . �
<br /> ��� - • Property or oiherwsse materially impair the lien crcated by this Security Ir:.rument or l.ender's tiecu6.y ir.;erest.Bonower may f .
<br /> � � • cure s�leh a defauit and reinstate.as provided in parasruph 18.5y causing the actian or proceesfing ta be dismissed with a ruling �
<br />' ' � � that, ist Lendei s good faith detcrmination, prccludes forfeic+�re of thc $nrrawcr's interesi in the Praperty or athet matcria{
<br /> .•a;,• , . � impairment of the lien crcatcd by this Security Imtrument�Lcnder's securiry interest. Borrower shall alsc�be in defauU if :
<br /> ' - Borrower,during thc loan appliwliun procc�.c.gave materially false ar inaccuratc infom�ation nr statements to i,cndcr(or fa�led , . .
<br /> � � � ta pravidc Lendcr with any nwterial infum��tion)'tn r�nncc�ion with thc Icr,�n cvidenced by thc Note.i-::�uding,but not limited . ,
<br />' �, � to,representations concem�ng Bc�nower'r ncrupancy aP the ProprAy�.r a principal residenre.lf this S��:urity lnstrument is on a
<br /> .. �� leasehatd. Barrowcr sha}t cnmply with all the provisions��f the lease. lf Borrowcr acquires fee titte to the properly. the t
<br /> • leascttotd anA ehe fec title shall srot merge unlc�4 Lendrr n�,roc�t�thu mcrgcr in wdtin�.
<br />� - . 7.Prr►tedic►n of I.ender's R'v;hts in the Prn�M,r.Ii"Bortcrwcr fuils tu}xrfiirm thc cavenanty:utd agrecments c+�ntaincAl in
<br /> • • �this Security lnstrurr�snt.�ur ther� iti:�Iegul praccocfin�thut may�ignific�nfly aPfect Lender's right�in the Prnperty lsuch as a { •
<br /> � - . .' . procecding in banktuptcy.probute. fitir wndcm:rati�m or tivfciture��r tu eNE�rcc laws ur regu}utinnsf,then l.cndcr may d��and �
<br /> pa�y fot whatever is neczssary tn prntect the v��ue af the 1'n�peny �n� L.eader'ti rightc in the Yroperty. Lcnder'�uctians nwy I
<br /> • � , include paying any sums s��cured by a lien which h;�w prQotny �wer this 5ecurity lnsttument. upprarinr in rnun, paying ;
<br /> � --- - - --�. . rea�nnable attomeys'fce3 and entcring un Ihe i'roperty tu ntukc rcpain. Atthough l.ender�i►ay take actinn unJcr this paragr�ph ;
<br /> . � � 7.Lender does not havc tu�tv�v. '
<br /> ' � � Any amounts disNutscd hy Lender undcr this p�ragraph 7 shalt hccrnne addidnruif�ebt of Bna���ver seeured by ihi� ! �-:• - -„
<br /> ��. . � 5ecur1ly Instrument. Uale::s�rrnwcr�nd Lcndcr agrcc to��ther tcrmr af paymcnt,these amounts shall be�r interc�! fram thc -
<br /> • ' dnte nf disbutscment ut the Nnte ratc:utd shatl be payat+le. with interc��. upon notice from Lendcr to garrt��vtr requcsting �
<br /> . i
<br /> � � '. payment. � s
<br /> ' $.biort�ge Insuranre.tf l.�ndrr reyuired mori�ge in.tiursmner.as�conditinn nf m:ilcing the lo;u�ucured by this Security ; .
<br /> � � � lnstrument. &�rrower shall pay �he premiums rryuircd to maintain the mnrtgagc insurance in effert. If, i'or�ny rcawn, thc ;
<br /> mort�a�e insurance caverage reyuired by Lcndcr lupsr.r ar ceases to t►e in effert.Bnnower sh�ill pay Ihe premlums reyuimei to .
<br /> --_ _.-_� °== obtain crnrcrage subst3rtHaliy cqutw.�trnt tv tiie niurtg�@�iLStFf8ilfC}fiCt�iOtFS1Ji iA��ECL'�.:ct s oe�i+st��tretuia!!y ec�iwatent tc,the --_---._--_--
<br /> , '� • —_
<br /> � ' � ` ` cust ta ganower of thc murl�ge insuranre prcviuusly in cff�rt. fram:u�:iltetnate murtg;�e insurcr�pprovcd by lAndcr. (f
<br /> ' . ' . - . . � • . • •
<br /> � . .. -. _ .. . . _ 4•_ _, . .. _ . _ Eorm302� 919O ! ., -. .
<br /> . . . , � bago 3 0�d- . . - .
<br /> ' : ', • . _ • . . � . . " �, _.
<br />
|