|
�
<br /> ��
<br /> .�.o� - ... - --
<br /> �i111� «���_- - - . _s�::=��a-f _--- --_ _
<br /> � n,, .
<br /> _ �.r..v.,:,;.:dwid....:sr=, _v.i,f�Ytl�.:;d.w..n..� _'-- =_— — ----
<br /> s T.•. . . . {r.nJl-".i:ei��.?n-.7. �._....�...__..._.�. —- — —_
<br /> ' _ Yi��r " ..�._'_.
<br /> . __... . ...__....._ .... .. .._ _ .
<br /> 96- �.��►�' _
<br /> TUt3ETHcR WITN W the ?�ipravwnants now or hxNfter�r�:t�d on Ihv propatY. wnd �Y °�t�n�nt�. aPPurt�nsncaa, snd
<br /> ti+wtur�s naw a hr�aftw� Wu't ol tho prap�RY•AN nP1���»^u +���d��^� ���so bs covered by thh S�curity InsUumeni. —
<br /> A!1 Ot the lotega{n�!s rt�Mr�to h thf�S�c►tr;�ln�truman!aa the'Preph'ty' ! _
<br /> ' 80flROWER COVENANTS tlwt Bcrrower W law4uty s�ixod ot th• �sUts h�rrby oawoyuci a��d has tAe right to gr�nt Rnd
<br /> • Ct111V11)' li1@ Pf3�tY iild L�1t1 l}1R Pf0¢!Ay IY tM16�1CLLfl1D�f�, fXGPt � MCAJ111a1/111CO8 0l �+c�rd. dorrowK w�mn►� nnd wiN Y----
<br /> d�l�nd q�r��r�Ny Ih�tiW to lhw Propwty aflahct Yli cirima�nd dwnand+.sub��ct to�ny�ncu+nbr+inus af ncad
<br /> THIS SECURIN IN�TNWutGNT eombin�s unUam wvnantr for nalicnsl us� and non�lorm cov�n�nta with k��tad
<br /> varW�ona by ju�isdictlan to con�tAutO�undorm aYCUrity fnskwn�nt eovw{ny r�tJ P�oP�Y•
<br /> UNIFOAM C011ENANiS Horrowsr rnci L�ntt:r ca�:or►snt snd�Cree�s foMt+w�: .---
<br /> 1. Paym��t af Princl�at and Intorosl: ��apaymant �u�d t.st� Chil'QYY. Borrowir shail prompUy paY whM� _.
<br /> aw ih�pr++GPas ot and A�tar�st on the d�bf evidrnc�d by tha Nota�nd anY PropaYm�nt�exi lat°charq�s d++o under th�NGt� --_ -
<br /> 2. Funds for T�ucs• snd insuranc�.5ublect to aPP�a k►w or to �wrilt�n w�ivar by Londar. Borrow�r sha�pay _
<br /> to L�ttcicr on Ii�Q ciiy m8.-►ih�'y` Wymahts ete dUe unde►th� Not�.u�til th� Nat� b pakl in fuY, a sum l'Funda'1 Sa: (� � _
<br /> iax�s and ussssm�ntt which may �ltnin PN►ioritY ovw t� �d ��w�� �curanca pr,imiums: (drny�N� hsur�nce
<br /> paym�nts or {Wau+�d rants on tho Property, Y: (•� Y ry au��yy�by Bwrow�r to Lendw in a�corcl�n�e -
<br /> pre�r�luma,q any: (c) YartY ma1�y�Insur�nc�ptemiumi.if �ny: and l0+�Y
<br /> with th� provbiort� ot pxrapraPh 8, in Iiw oi the paym�nt ol nwrtpage insurpnce praniums. Those it«ns ue called 'Etcrow
<br /> ���ns,• Und�r may, �t pny Uma. collect��d hokl Funds in a� amouni not to oxc�ad the m�cirr�um arc►aunt a lendar ��r �
<br /> }edrNly ntat�d mortg�ye loan �rwy rpuirs tar Baroww's wuow account undw th� t�d�ral R�al EataU SotUem�nt F*oced++ras
<br /> A:.t oi 187�aa anknded trom ih� to Cme,12 U.S.C. �2601 et s�q• ('RESPA'), unlsss anolhsr kw that rppli�s to th� Funds
<br /> srta a lessK rnwunt. 11 so. Lenclor maY•ai anY t1me, colloct�nd hold Funds in an amounl not to wece�d th� losser arr+auM.
<br /> L�nde may asthuto the anwuM af Funds du�on tho ba�s of current dala and re�sonable estknates of expet�dih+rss ol tu4u�
<br /> Euxow Items or othorw'se In Acco►danca wilh�PP�'��W
<br /> Th��unds shW be hsW in an hsGtution whoa�daPcsits a�Insurad by a ted`r�l ayency,1nslrumo�taGty.or antity (includinp
<br /> :or.d�r. N LendK Is such �n institulion) or 4i any Fsd«sl Home Loan Bank. Lender shaY appy tht Funds lo pay th�Eauow
<br /> Itwns. Le�der may not ehupe BortowK tor holding and�pplyln9 th+e Funds. annualty� anal�riiny tha escrow accounl, or•rarityiny
<br /> tha Escrovr Itams, unbss Lender pays Borrowr intwasl on the Funds and applicable Isiw P�mits
<br /> Lenda to make such a
<br /> char9t. tiow�ver. Lender may requfre Bortoww to pay � one-tirrN charge tar an u►d�pe�dent �esl estaw tax reportw�g sarvict
<br /> us�d by Lender In connection with thts loan, untess +iPPiicubk kw provtdes otherv+ise. Untess an �graement Is ^vde or
<br /> appGcabN L�w r�quwea interosl to b�paid.�ender sh�Il not be rpuired to pay Borrower �.�y i�teresl or wminps on the Furids. _
<br /> Borrow�► snd Lander rt�sy�fKee in writin9, howevK, that tnterest shall ba pald on thv�F;:nds. Lender shaY giv�to Bortawor.
<br /> wdhoui charg�, an �nnual accou�iing ot tho Funds, showinp cr�dits and dabits to thr f���s and the purpose tor whlch �ach
<br /> datq to tho Fund�waa rnade. Tho Funds aro ptsdyod as additiona!security'bi'a3i s�:ms secausd by 1he Security Instrum�nl.
<br /> If the Funds held by Lencts► exce�d the arnounta p�mMt�d to be hda by a,"+�aca'�le law.Lenda sh�ll account to Baroww
<br /> ta the�xc�as Funds h accordance with tha requkanants o}appYcab�s a�• "4 2'�e anau+'t m the Funds heid by Lender at �ny
<br /> time ts not wfGdent to pay the Esuow Rems when due, Lander may so notily Bortowcr�in w�tin9•and�In s�uo�o�
<br /> shaY p�y ta LenrlK.the amow'E recessary to mak� up th�dMfickt►cY. Borrow�shsY cr+�3��uP tha d�clen�Y
<br /> twidy�rtaMhy payments,at La.der's soa discretlon• retund to Bortow�r any Funda
<br /> Upore payrt►.nt in A,N of al sums secured by this S�cu�ityt �suw►►ent. Under shaY pro+nPtA+
<br /> held by Landr. {f. undar psnyraPh 21. Lenda►sha9 acquin or seY the!�r.�tY� Lendar. prtor to the scqulsitlon or saN o1 th�
<br /> • Property, shaY oppty�ny Funds h�W by Lendr at ths ti�r»ot acqulsWore ac�ats u a credit ayakut tha sums secured by thla
<br /> S�curiry Insuument.
<br /> 3. AppliCatlotl of Parymonts. un�.s., .pp`ca�e iaw provldes otherwtss. �HH psyments rec�ived by Lend�r u�der
<br /> paragraphs / and 2 shaN bF �lied: frst. to any prepalm�t dwS'ia due under the�u�e: second to amouota pay�e under
<br /> ' puay�aph 2:tt�3rd to hterost due:fourth,to p�inclpa�due: an6 tas9•te u►Y{�te char9es �ue c:^der the Note.
<br /> 4. Ch�s; Uans. Barrowx stesL� WY aW taxes, aassssme*+ts. chuges. fvus and imPasaans atpibutabk to the
<br /> prop«ty whki+�aa�y atWn pciority over thes Se�nih► Insuutrw���nd fsaseFvad paYmdnts oi'9round rer.ts,if any. Bortar�rer shali
<br /> p.y:��::: -��,.,:y;,�:»`s.!!sa rr��•• ��«y�wf in n.narapit 2. or il noi p�i.i in that ma.v4r. Bortow�a shaY paY 1h�m on ti�►w -
<br /> dinctty to th� Pwsai ow�i I�y��rK+►t. [iwrawor sha!F�rFUY 1umlah to 4�nd�r al noti�ceo 01 ano[mts tc ios poo unwr i?r:----
<br /> partQniph. I! Borrowe� m�kes these payrtw�ts diroctN. BtKrowK shaY promPth Amah to Landr rec�ipb evtd�nan� tM
<br /> P�Kl1°�►u• Instrument unkss 8orrowK: Isa �CO�s h
<br /> Borrowu shNi PromPliY discharge any Ikn wh3ch hss ptiaityy over tNs��Y to Lmder. (b} cor�tests in good ti#h tha
<br /> w�itiny to tho p�ym�M of th�obHqatlo+►sewred by th� Ben in a rnuutier�captabte
<br /> �n by, or del�nds �qainst �ntoroan�nt of tha i�n In. ley�l Proceadinfls''�'h�ch In the Lsnder'a opin�a�uPwat�to P�went tha
<br /> entorcanent o!the i'un: a(c)securea tom the Aatdar o!the li�n an eflnernent awUs::�r.i�:►Y to L:���9er sa:ba�.stiny tha{ten to
<br /> tAis Secwiry tostrumant. N Lendw detocrnlnes that any part ot th�Propa�ty is subJeci:��n ien whlch may ottatn priotitY'uvar thls
<br /> S�cu�ty InsDtiu�xnt. Unr1K rr�y give Bortow�►a noSice idmtitylny the Sien. Bortower sha:s+tistY the li�or talcs ona or mora of
<br /> th�acUons s�t torth�bow vv�hk+10 days d.tM giving of�aticw.
<br /> 5. ifiarira� a Prop�rty Insursr�. Barower shaU keop ths irnprovanents now oxisting �Aareafta rectsd on ttw
<br /> proppty insiired s�hst bss by fr�. hazarda InciuderJ within ths twra "�xtend�i coveraye' and arn�olhu twzards. indudiny
<br /> tbods a Aoodtng.tor whlch lender requlres insurance. Thb inwnnce shaY b�mahtaMsid ln th�art�ou�b and ta tl+�pa�iods
<br /> that L�nd�r requ'ras. Ths inauranc� cartler provWin9 thQ Insluar►ce shaM be chosen�b 8o�ower subJect to I,and�ks approvd
<br /> which shaY not be unr�ssawbh�► withhefd. If BoROwer tails to m�tntain coveraqe c�v�ibed �Ioove.LendK maY. �R Rend�r's
<br /> - option.obtah cpveaq�to protect Lender's dyhts in tAe PropWty in acc�ce with Pu=9�Dh T. -
<br /> All hsurance Poicies ond ranewtls shall be �captable to Lender �td stuN indud� a standatd mort�ye Clause. Lendr
<br /> shsll havs the rl�ht W hdd the poUcles and renewalc. H Landr nquires. Barower sh�P��►�P1�Y 4��to landet�ll�ec�ipts of
<br /> P+� Pr�r�ms�nd reneweG ra�tices. 1�tha evant ot toss.9on'ow�r shaM yive P�omP!non�c+�to the irts:uanc�c�rri�r.w�lattd�r.
<br /> Lar►dr may make proof ot ilass it not mad�protnPUY bY f3crtown.
<br /> unNsa l�ndar�na Bcrtuwer otnrwlse apres h writing� insuranc�proc�eds shaN te appY�d so reatoratlon oe.�a�r ot the
<br /> te�sibM and Lender's security b no!I�ssaned. tt the resuraUon or
<br /> propMty d��,ed, d the reatoraUon or repair k econontic�Ay to the sums
<br /> repair is oot economlcaRy te�s(bW or Lendei s security would be kssw�ed.the insurance proceeds aCm;[t�e app1l�1
<br /> s�cured by this SoauetY kts�umeni, whether or not the�i due. with ony excass pakl to BoROwer. � Borrower abandons the
<br /> PropMty, or does not aCSxa wrthin 30 drya �noUu iro�landar tt�st the insurance cArrler hss of/ered te setW a dtim.then
<br /> �����yy ���he i�s�c,,�rre�proceeds, Lender rrA�usa the proee�ds to repaic w.•restore the PropeAy or to FaY sums
<br /> secund by thi�Sscurity Ins`ssu+'�ent.whethw a not th� c5�e. il�e 30�day paiod wiY tegjr�whon the noSice fs yiwn.
<br /> - Un:es.: l�c.� end Barowx otherwise agree tn writinp. any applieation of prccesds to (xinc�pa� shaN not wctand w
<br /> posipona 4i�ase u:ie o4 ihc :�crul:lY P='s'�-'� �t�' � ^'�"�=�Oys 1 and 2 u criot►9e the amount of tlu payrnents. tt
<br /> - under p�ragrapl►21 1he P�opeRy Is acqukod by Lender. Bortower's right to any insurance P� � P��S rew�ing irom
<br /> durrge to the Prope�ty p�ior to the acqulsdlon shaM pass to Lendtx to the actent m?� wms bY thk S�u+MY Mstrum�^t
<br /> �rtn�liat�ty prlor to Ih�acqulsitio�•
<br /> . 6. Occupau�ay, Pns�nration, Maint�nanc� and Prot�ction of t� Prop��tY+ Borrow�r's L°�^
<br /> - APP�ka�o�+ LYis�holdf. Borrower sha�l occupy. estabtish. �nd use the Property as Bortower'a principat rasidence wdhin
<br /> - siKty days..alter tFu execution ot this Sacurily I�swment and sh.a: o%ntinue to occup; the Wopedy as Fiarower's L'rinciAa!
<br /> residence f�rat least one ysar after the date ot occupancy. unless C•�der otherwise a�ees in writing, whlch consent shall not
<br /> be unreaso�ably vvilhhsid• or unless ext�nwt�^9�����t whkh�re beyond Bortower's control. Bortower shall not
<br /> desuoy, darnagg or impsir th� Property.aMow the Prope�ty to deteriorate, or commit waste on the Pcoperty. Borrower shak be in
<br /> dsf�uft if any toAeiture �cUon or proce�ding. whether civJ or uiminal.is beyun tt►at in Le�der's good faith�udgn'wr►1 could resuk
<br /> in foAeitwe ot the Property or o+he�wlae rr►ateri�lly irnpair the lien crested by this Securiry Mstrument or Lender's s�auiry intarast•
<br /> F131B.LM6(3/96) Wpe 2 ot 5 �\r�r`���
<br /> � V
<br /> -— -96715
<br />
|