|
i-:' ".5 c -�,...� —^ �± M1
<br /> _ � �".
<br /> � • T03�TH8't WRH aJ the Improvemettts naw ar herEaftet er2�ed an tha pmpsRy. and alt et�m¢:t4s. ff�.gc�t�nees. attd �„��,:
<br /> , '��`'' fi�ares now cr he�ter a Rart of the property.RJ' repiacemente and addidens shaD also h3 coverod b�r tt�� .i1y tns4u��nt.
<br /> A4 0!the taregofng Is refe+red to in thls Sacuztiy Instrumant as the'Prcperty.' �Y�'`�
<br /> ' . BpAR4WEii COVENAM3 that Borro�ver Is tawtuity selze� ut ttta estate heteby canv�}red and has thfl rf;f.'�t ta yrer►t emd �
<br /> " cor.vey tha Praperty and that tAe Prap�rty Is unencambzresl. except tor encumbrances o9 �ortl. Bam��¢� ���renis end ►s� � _`_�-
<br /> -_w i def-a�d gateraLy the fitte to t4t9 Prop�i a�ittst et!�'a?ms and tt�.mBnQs,sun�ac!co any�ncur�nrar;ces of�d. —
<br /> ' 7HiS SECUAtTY INSTRU�tEtJT eamb!nes un�orm cavenasris for nnUon�i use end nort-unitorm wtizr►bnts w:u'► ��•':ad �"" �'
<br /> var[3Uons by ju�isdleSon ta consUMe e underm securi�y tnswmQnt c�+e►InS� P�R�Y• � �
<br /> '� '":�: UNfFOAM COYENAD!lT3. Botrower urtd tender a.rrensnt and a({tae 4¢Susa�►va: � ; r
<br /> 1.F�ym��4 of P�rtup�l ar+� tntsrs�t; f�ra�p�a�mor� and La�at+Citurgea.eor�aw�s�►tin�ra�ptt�+pay v,ncT �
<br /> . � due thep�ct�l ot�nd irtarsst on ihe de6t evidenced by tbe t�pie and enY P�FaY+��t eirtd t�te eh�rc,��"r.re undr�the tlota
<br /> rt
<br />' - 2. Funds tar Taxas attd tnstivanee.5ubjeet to apptm5L4s taeu m tn a wrftten waiver by L��F.�.Barrower shnS1 pay �
<br /> `� to Lendsr on the day morrthty paym�nte are due under ths IVoiti,unt9 the Note(s R�Id in tuU,a sum('fun6s')for. (a)yrariy „l�,
<br />�`', taxes end a..srssmErits whtcb may att�n prtodiy aver thls 3c��dry in�trumerrt ao a�en en Ute Pro��'tK (t►� ys�rtY lc�.•ehad � � ..
<br /> ' � . payrnertts or ground�ents on tha Prap�ty. N ar►Y� (a)Y�z�tY hir�rd ur prop�rty insumnce Rrendums: (�y`¢�r ifanfl tnsur�nce ,
<br />. , = pre�hsms.�anyr. (ey Y��Y��Ss 6�su�p�ur�s.�t m�y:acM (fl any�ums�euyat:�a by Bem�3va ta L�tss►Cto�i e�ccwdanca
<br /> wlh the prauisiens ot paragraad 6. in Iteu ot the paymEnt ot mortgage insutance prem:um�. 'fhesa [t�ans ero �Ced 'Essro�v
<br /> �t�ts,• Lend�may, e3 any time, ca4ect end hold Funds M an amaunt not to excead the maxtma�rn sm�mt p lendw tor a
<br /> � . fede�![y�ed mor�age Eoat�may requ?ro tot Borrowet's esarn�v accaunt urtder tha tertemf Rea!Estate 3�c16Wnw►t Proce�m3 ?::�-
<br /> Act at 1974 es amended t�n Ume to ttme,12 US.C.9 2801 et �eq. (•RESPA'). unless ana4hEr law th�2 a,pg�ss to the Fun6s ����.:
<br /> ��p�;' sets a lessa atnawL B so. Lmdcs may.ea eny ttma. ceCeat r�nd hokl Funds in an emaunt nat to excEad thfl 6esEer amaurt. ;�;-
<br /> %���'�: Lender trtay esttmate the emount of funds�e on 1hu bns3s nt current dIIte ss�d c�artala[o estmates o!es3►ss+�'tives oi tututo �r
<br />, �>� £�i Esaow(tems or othe�xise in accordanae with app�b.9 IttN. -
<br /> Tfta t'-urtds shafl be heJd 1n an[ns6tutiae whose d�►a�its aie Insured by a f�4�1 agermy.irc�umentu�rtY.or e�fiy(mdud.'ng E�=a=-
<br /> , `,:y�� Lender, it I.r�der ts sueh en tnstitutlon) or in any Featosnf Home Laan Bank L���shaU aAFN ttte Femfc3 to p�y tiiE Esaow _---
<br /> ,. Itsns.Lender may nai charge 8ocrower far hotdnp.and epp4-iria9 the Funds,871111k_"�(8it81yT17i9 L�tB ESCTGN 800DI1J11. P!YPIf�JIa -
<br /> . the Escraw ttems. ��36ss Ler.der pays Borrowm interos1 on tha Funds and apgE�te taw pecrnRs Ler►$e� to m�ice such e :,.", ,_-
<br /> `� charga Haweu�. Lenatg may require SormKer ta �ay a osio-�ne cfituge far an Ind�endent reat esteta tax repwt�g s�v3oe �i
<br /> �a' �' used ixy i�der fn conneetion evRh thts taan� unlsss appEoa�6s I�v provides othenvisa Ur.�ess an a�c-smr.nt is m3dn or _'�-.
<br /> 6�.,�.._,..-
<br /> eP��@�lr�taw►�equ4es intere.sL to�a�d l�ide�shaC noi 6e re�.-ed to pay Betrower any a��est ar a�m�nF}s on tho F�ends. r�;_•_
<br /> , .k�. .. Bec�c�nsr�d Lender may a�ea in�tr'��, hoxvrrs, thst(ritere53 s3�a8 6e pafd on the F�,�s. Cen�sh8f1 gira to Banow� ,
<br /> . w�,-s chazga an snnual ac�wurttD�g ar4 ths F��.shavrx�g�aed'!s end debr£�t�w*.8 r�..^��th8 purpcnse toa��hich eacfi
<br /> � �. de�it to the Wnds wes made. Tha F+urds�e r�ie�Oged as add�ionaf seca�rity far at!su:.s s�3 by ths S:�arrQty lnsiromant '��.
<br /> . �l;'.he Funds hek!tiy Lendet excz��tha flrnma�ts pesmated to be h�d tiy�qp'li�s8��.f�der sts�atxaamt to 8nrrower �;',"--;
<br /> ` � tor thre�occes3 FunQs in accordanc�vv�th the�qu3rEmanit+01 uPR�OaLI�iaw• Ef Me emoa�rtt z:�tS:aa Funds htkd by t.�a►der at any "_"'
<br /> U�rto Frs�rat sufRdeM to pay the Escrow tierns vyhen dua Lenda�r�y so notity Borrower in v�k.�and.f��urfi t�Borrmver �'--,_
<br /> shaD�ay to Lender the emount necessaryr to m91ca up tha dob;.i��ay. Borrawer shaU meke�e"e d��e3ma�r 6n no rnore th�n --�-�-
<br /> . NveNe montt�ty paym�ts.at Lstder's soie d`�eotl�►. ,�-,�..
<br /> ` Upon payment in NY o!aN sums seoinud.by th'ss 8eauiiiY InsVumerd,Ler►der shaD pmmptty rdund to Eforravlc��ury Funds
<br /> `' hetQ bt!Lender. if,�mder qaragaph 21. Luatd�a sha11 aayu're oT s�l tha Pra�erry, lender,pdur to the acqais�tfan or saSe a1 the
<br /> � ' Pro�:�S.sAaD aP9ty eny Funds held hy LendPS aR lha i:no ot acquEsiUon or sale as a credci ,�st U�n snms s�s�re0 by this �:.•:�<
<br /> 3evstiL�if�stnart�nL --
<br /> �.. �ippli�a4ian �f Paymen'k�. ue�sn app�t►�a ti`�sc �uvJdes otfiemvwe. ali pz�s retetPasl by Lender u��: . r,
<br /> �4�r : Daraga�tis 1 and 2 shaB be appied: tlr�f.tG•an1 W%aR�1m5�dz7s�,�es duo undar the Nat��u�ti.to nm��►ts p�yabSB tLie�� ' , ' ��Ae3at,
<br /> V�9�P��thk�d�to inte��s.si du�tourth.ta p:l.tit�l�dli�and lasl,to erry late dwrges due�✓S�sr t`ne N�a „�'`
<br /> 4. Ct�arge� 1.i¢na. eorrower shoa ps�y � texes. ass�emmds. eharges, ti�es a.;� �yos.�ans.attr�vtabte to �ne --_
<br /> , Pr+npoly which may aifain pr�orRy a�+Ex tfi's H�.�r➢iy.InsVumcmt.and Iaasehaid puymento or gr��rEnts.@i a�ry. Bnnoyvcr o'hmU _
<br /> pay thcse oDigaUans h ths msnn�pr�vY.to�t tn pamflmph 2. or it ao1 p�[d in that mannec�wer sh�(u+Y tt►am an tfisa
<br /> _ . 6re�tlyr to the peraon owed paysf�,M. 8m:towaQ ohaU Prorr+PU!'tumtsfi to Lender e0 notices�amourrts En bn psid undv thts � -•°--
<br /> . paragaph. B 6oaower malces these pxyVnre�t5 d�reotdy, Banonrsr shaU prampity Nmtsb to Lend�r rctts�s �iriw��g the =----
<br /> psyments.
<br /> - - . Bwrower shaB promptly disci�arga eny,�a►�whY�h htts prlority av�this�u�ity IstsHum�ni uniess Burrnr�a: (a)�aroes M •—
<br /> wrib►g to the psyment of the oD1ig�Yos�sr�aa:osl�hy tho Ee�n in a rt�nner eaceptohte to Lender, @) coes:ts��p�fl taitQ�tha
<br /> . La�bx a defc��ds ag�inst enbrcem:�i•al�thv 6mn.�. Iifgal prot�tlhps whtCh tn the Lende's bpr.br�o�iuDlo to pravard tise
<br /> �.�'f,'t . ado�►t M the Oen:a(c)sca.mes from�tt�o hOkifv o1 tGo P�r�8�eemmit sattttiictory 4z ft�der si4sDedU►cL'�g tho€RA�1�3
<br /> �Jt�4,,��d��, tRis�a�stny InsV�nnenL fl L.eader<t�tams�ltm th�4 e�y.pmrt o1 thw 1?t�:�reRy i�ctubjeat to a Q�c+fstidr,mry�tidn prEa�y oY�'Utlrn ,�
<br /> � �;.,�.., Seq.�i�r'`�s�una��4enQer may g9w �oTO',wr e not�cso Idaiti:�.n�::se U�n.8orrow�stwfl acttlsty aT.e!�°,n os.t6��Q�e or rt���i�� ,
<br /> ,•;
<br /> .;';i;�:';<, �.. the�s set tortts above wMh�'D�ays alftha�g�r;n��M notk� ' � .:. . . ,• . , tt�,- .
<br /> i:'r�r ' •.� :d�i.,,N�a or Propat�..l�rsul7�ltuo. Borrowr�sh�kee�tho Improv�nerrts naw ex�tin9 a E,rrr►�a�ixt:��Ed�x�(frca �,�
<br /> .;�3 F' : �. Pro�ius�:naurod a�hst bss b�j:#rp, [sx�dt tna�udnd�v�:h� �.�e tam 'wct�Ced coverage'aad nny art}�rh•�ds,�ic!(B�IYt�p:..
<br /> ;oV �?, : " llcC�'��u'flooBng,tor whkh Lerd�rr�r,quaes•t'�su!onca. fiES trr�.�a,�..rr.a ahefi be mai�ted(n tho amovnfs an4 tor the p�rfi�l� _
<br /> ,. lh�t�er�ar requYes. 'fhe�sunnc,e earriit•prmrisPitiQ.tho irrsura^.rm ahafD be chosen by 8arrower sub3eCi. ta•I.endeYO eGA�ci�u0
<br /> . . W�i.�'��;�U not be unreasanahfy wkhAttrJi Ni Borrow�m tnAa to�c�arage dascr8ied abaie. Laturkcr m�y, ed i.�ri6�'�
<br /> �:1s.rh��eovern�e W protect Lendar'E d�its in tho Proporiy In acaord�:.�+riii�.Pcua�aAh 7. . --
<br /> . � n(ill�►r�urance pa�tes and ren:waj9 o�u8�ho aaaeQtabf� to I.en� t�d� :�mll'.irtcutde a stondard rmKr�zQr3:.cJawse- Rpt4� —
<br /> :t��.lrrncs��the�ght to hotd the puScles�u�d roc9v�a. Ii Ismdca r.�,7xc�s.�yc:+r.cer sheY prot�zy g?ro to l4t�t�s�A►eer�=�i ot
<br /> . p�Sd,J�ttntrWms Q.tid renewa!no�c-�ss. In�ttlp W�,M 01[059.BOJi�c�r uh�aY glY9 ptCrmpt ttOUCe t�tin2 hlstital��7)2t�end�iF.�rdrzr. �r__
<br /> . Lendf�!may mdae pro�f of toss H ndt�trrtdb pror�t?/by Borrawa. � •
<br /> � � U�skss Lender tt(id Borrawet olhacltiur a�roo tn,w�itl�g.insurance proca�s shaU 6e ap�',+ad to restot�ttz�ar tr,sah ct it+e
<br /> Prappty dam�g¢d tf tde restoretlon or rq�ai�•is 000nam'e�4y taasY��and I.encfes'o securfty is na!lessm�d.,f�1tr,�restor�tfFOn or
<br /> repeir ts not econo�NcaY�l f+eas�ie or L.�ndu's saoufdy wau7d bo los�enod,tho insuranca pmoeeQs shtT b�te o�d#a tt�e surr�
<br /> ' ae�ued by thEs Sewriry tnstrwnenl�whl�hv o�•nul�thm du0.wRfi arry mccess paid to Borrowei P7 B�sro�nrer 'aa.to�an�.tise _- -
<br /> •• Pn�perty, or does rtot answa wi►��3U�dtt�x e notl�,trorn L�de that tho�sumnao crurier has ot!grod to st2tEa r�c4,tG9+, ttu��a = --,
<br /> � �. LenQet nry coY�ct the�auranw proareda. I,�indte rtury uso tho proceed� to rep�ir or restoro the Pro�nnrty o:in��Y.�m� ��
<br /> seaued by thts Seea�lty Instrummt,whetber o:nM�thm.duo. Tf�o 30-dey period wB be�n when tAe natioe t��{�(trarr. ' � -
<br /> � Un(ess LQtdlf tQt'O BOROi407 6Ut2N�ISQ ti�OD in wflt3�g, arry eppEtcation o1 proccseds to pr��.rlpJ bly�lt�nrsi md�d ot __
<br /> pa�Sgona the Q�e dt4e of tha monthy paymarn9 raR2aoc1 to iti parac,yAphs 1 end 2 0►cASnga tft�r.moa.'►t a1 ths paymt�ta. t1 ---
<br /> under Oata�sAb 21 the ProP�Y ts acqu�ed by Leeidt�� 8orror�EO's dght to any Insurunce pe@cTes e.�pcoaeod3�vT.�tg Bom � .
<br /> damage tn Ne Prapen�r prfar to the sc�u'.sftton shn�t psss to Lmdfs to tho extent af the sucns aj tA� Sma�vity tnsbvav�o►t —
<br /> Immc�➢►tety pdor to the aequisiNon. ___ _.
<br /> � 8. Occupancy, Pr�saroa3ton� AAalMontu�oo and Ptmiac�Pan �4 4b�e PPO�o�'ty, �airozvor's Loan
<br /> ApPllcitlmn; ls�tl��.Borrower ch3A oasa,�y.�-mbSah.end use the Proparty ass Bortov�Er's pta�t�n7�t�3dtmq rfithfn �",--
<br /> � s6cRy days aRrr the exocutton of tA1s Sea�niy It�t3tmnml cmd stt�Y contfnuo to occupy the FYoperty as Eianrv�roY9 p�c�nt __
<br /> resfdrnce tor sl teast one year sYnr tho Qato o!oe��riny, un�v.s� Lcndp othenv}so agrees in wr"�3t�.vA►L^h ceu�stn!shs�nol
<br /> u�
<br /> be unreason�b.y witAhetd.or un!ess e�anua�Jng c4o��m4lau�aa�mdat tvhlCh tuu bQfand Bortower's con'JaL Bar.ronreP str�na] ��_�
<br /> Q_sVVo}I.dsmtga or knpaN the Propuly.til!ow tho Propmty ta d�a9omt�.or oomm:3 wasto on tAo FropctF�.Bomoram sht�!>a 6n
<br /> . Qe�t U any tot4eiture adlon or proca�g. vfielher ci�r0 or o�rtYct,i.i5 bc�un thnt in Lendar's goad t�h�a�,�q�t ooerSd rCSfP1 �'
<br /> ' In tortehure of tho Properiy ar otlrerwisa mstertaiy hnpak tho I�en orocitod by thb�curity Irtrtrumert�ar Lendm's sar�viCy i,itcresi �
<br /> °=-
<br /> - IEl<t
<br /> C��,
<br /> v� 2 ot 5 �_ �� 1=-�9�(_
<br /> F1316.l1.!O(3J981 �+ r
<br /> -•_ �_n�:•
<br /> . _, ;j
<br /> , i, .
<br /> 557D3
<br /> • - . • .. . , - . '�' , - ' � l i � r��-{l� 'o :r• , . ,{ -
<br /> .. �� , . <_« .,' -�J 1 L � S d' _
<br /> _ ' . . . I ,, . • - - -_� , �{�lnf��i`�� �� � 5� .(f.i ' . . ' �i. .
<br /> • • rp ' �f�fF t��� „�.� .. , �f� � �.� , t � .
<br />- - • � • - , . .. . . •' `� .. . . . _ .� �• .i. :+�1.�.�_. . ..:1 'tf�.'. . ,•��ar�.. - ..-:{`i� �. �.t, , . t .
<br /> a.�
<br />
|