|
._ _ . . •.. Y.cl�l��. .�n•. :� u. ,� ri� ''•���;.i:. ;i)74f ,. rww.�i�w- r w,.* . . ;� {.�tw�oy.r F�' C �
<br /> I . � �, _ I � � b'k- '4.l � ' q J: �t t rl,`1� �. r`.•��i��`�� i • .«':fi .. .� _
<br /> ' IL� c��p p�,�. ' :ti�,+�;j.';,�.9 r,,• q1 b :, ^.� �17;L� i���'Y�i�{,;a�l�� ��... � Y , . . . .. � ='��'. ,� �-
<br /> !� ��t,�7j�1, - '++�4'�r.+;r•>: r �i''�'� '���, ..� rw�nr.Mi6i��, �rAl�iMgi�i�� li..'�:-
<br /> :r+ �.''*j ��j''!�i`f!*�" ��, ,�, �.R'i�PErf .x.?.:.�'�. L• I�i'•-�
<br /> �i .t;.�� 5,�.` �..:."..' . : . . . _ _.
<br /> � i� � � .�1w�i1� . i u. . L:� -�
<br /> .... -_.�� , � . . ._ ._ •, .'.. _` ., f•��1��/+u.__._..
<br /> .� _
<br /> � �.._...._.__._ "'—' ..�..
<br /> . . _. ... . ,�.. '- �
<br /> "♦ o .W�r+W+a+�.^_- . . . —_'_. '_'
<br /> , E:' ti.� �,.�—�
<br /> .. iu�rre--
<br /> . . � 92— 1o�is� ��--.�
<br /> .... ., � f - �
<br /> - --_ - . �:. :.
<br /> • UNIFORM COVBNANTS. Borrower onJ I.crider covctwnt and a�ree a�folluwR: ______—
<br /> � , � �• l. P�yment ot Principol and latere�ti Prep�yment and I.+ite CharQa. Barrower rt►�ll prompUy pay when due
<br /> , .. „ Ihe principal of and intercst on the debt evidenced by�he Note and any prcp�ymrnt And late ch�rQcs due under the Nata. _
<br /> 2. Fuad�tor Tpxa and ln�unnce. Subject to opplicable law or ta a wntten waivcr by Lender,Baaower siu�ll
<br /> - p�y to Lender on ttw day monthly payments are due uader the Nae,until the N�Ke i.r paid in full, a cum("Fundr") for: „_,___�__
<br /> .. � (A)Yeuly wxes nnd as�e�ments which n�y attain p�iorfry over this Secu�lty Instrument as a lien on the Propertyt(b)YesulY
<br /> n
<br /> teatehold payments or g�aund rent�on the Property. if any;(c)yearly hazard or praperty insurancc prcmiums;(d)yearly
<br /> ��aod insurwice premiwns.if any:(e)yeerly martgage insurwtce premlums,if s+ny: and(� rny sums payable by Bon4wer _
<br /> � '� ro l.ender,in uxordance with the provisions of paragr�ph S,i�lieu of the payment of mortgage insurancc premiums.These
<br /> itenu are called"Escrow Items." Lender may,at any time.collect and hold Funde in an amount na to exceed the mRximum
<br /> ' • unant a lender for A federaUy rcl�ted mortgage loan may require for Borrower's exrow Accouat uader the faler�l ReAI ___
<br /> i;• . ` Estate Settlement Procedures Act of 1974 es amended from pme to ume. 12 U.S.C. $2601 et acq. ("RESPA"), unles� °�--- ---
<br /> • '�;�,%._:� another aw Uwt opplies to the Funds sets a lesser amount.If eo, L.ender may,at any time, collect and hold Fundx in an _. .�.,,..__.
<br /> � ' ` �nount not to eacoed the lesser amount. i.ender may eat�mate the anwunt of Funda due on the basis of cuRent daw rnd
<br /> „ ,! rwwnable estimatea af expenditures of future Es�row Items or otherwlsa in accordonca wlth applicable law. ="'� "
<br /> • ,, , Ttie Funds sh�ll be held in an institution whose deposita aro insured by a federal a8ency.Instrumentality, or endty
<br /> • (including Lender. if Lender is such an i�stitution)or in any Federal Home i..oan Aank- Lander shall apply the Funds w �}°��m _
<br /> pay�he Escrow Itcros.Lender msy not charge Borrower for halding end applying the Funds,annuaUy analyzing the escrow
<br /> � � i; "`� ..� accaunt,or veriiying the Escrow items,unless Lender pays Borrower interest on the Funds and applkabk law rmits Lender ---— �T_�__
<br /> Pe s.::.:.�
<br /> to moke cuch a chuge. However, I.ender may requlre Borrower to pay a one-dme chuge for an independent real est�te __._.�
<br /> • • ta�oeportin�servioe ucod by l.ender in comiecdon with lhis loan�unkcs nPPlicable law provldes dhenvise.Unless an�greeme�n "
<br /> m
<br /> is m4de or appliceble law rcquires interest to be pald.I.ender shall na be required ta pay Borrnwer enY interest or eaminge ���'�► ���
<br /> � oa�he Fund9. Borrower and Lender may agra in writing.however,that inurest stwU be paid on the Funds. L.ender shaU �'`"��
<br /> glve to Borrowar,without chArge,an ennual occounting of the Funda,showing credits and debi��to the Funds end the purpose ����`���`' _ _
<br /> . for which eaeh debit to the Funds was made.TNe Funds are pled�ed as Additional seiuriry for all sumc secured by this Security F r:•_•:;-_-4 ��
<br /> � � Insmnment. �� �;•�;*�
<br /> � If the Funds held by I.ender exceed the amounts pemtitt�ed to be held by applicable law. Lender shall accaunt to Horrower �'
<br /> d .���,:,.�°.''��
<br /> for�he excess Funds!n acrnrdaace with the rcquirements of applicable law.If the amounc of the Funda held by Lender at .. !�
<br /> , any time i�twt sufficient to pay the Escrow Items when due, Lendcr may so notify Borrower in w�it�ng, and. in such cwse �
<br /> . y
<br /> �..
<br /> Bonower shoU pay to Lender the amount necessary to make up the deficiency.Borrower sholl make up the deficiency in �����=
<br /> __.......__T na mox shan twelve monthly gayment�. at L4nder's aole diccralon. ' `
<br /> .,..� :
<br /> • ;��....., : :;:
<br /> .. .:,�,-_
<br /> � ��.?��:,; '.^' ;: � U p on p a yment in fuq of all sums secured by this Security Instrument, Lender shall prom p t ly re f u n d to B onower �''`��•�•` `•� �
<br /> any Funda held by I.ender.If.under paragraph 21,Lender shall acquire or sell the Properry.Lender,prior to the acquisition S'�;' � r
<br /> ,' :. . � or sale of the Pro p e r t y,shall apply any Funds held by Lender at tt�ame of acquisition or sale as a credit against the sums ;,: ,
<br /> ,. cecured by U�Is Security Inswment. � �
<br /> ' 3. AppllepUon o[Ps�yments. Unless applicable Iaw provide�otherwise, aU payrnents received by[.ender under
<br /> . pprrgraphc 1 and 2 shall be applied:first,to any prcpayment cherges due under the Nae;second,to amounts payobl8 under � , �..�
<br /> paragraph 2;third, to interest due;fourth, to principal due; and last, to any late charges due under the Notc.
<br /> 4. Char�es;Liena. Borrower shall pay all taxes,assessments,charges, fines and impositjons atuibuabl8 to the i
<br /> Property which may attain priority over tliis Securiry Instrument.and leesehold payments or ground rents,if any.Borrower :
<br /> . � '`:. ,;�
<br /> ,.�1.;�• shAll pay thece obligations in the manner provided in paragraph 2, or if not paid in that m�nner,Borrower shall pay them ' "":`"��
<br /> ••. on Wnc dirciely to the person owed payment. Borrower shall prompdy furnish to[.ender aU notices of amounta to be paid ,
<br /> ' under this puagraph.If Borrower rt�kes these payments direcUy.Borrower shaU promptly furnish to 1,ender receipts evidencing ; �
<br /> '' ' the P�Ymenta. � •
<br /> , Bonower shell prompdy discharge any lien which has priariry over this Security Instrument unless Bonower:(a)
<br /> ' � � •� agrees in writing to the payment of�he obligetion secured by the lian in a manner accepteble to Lender;(b)contosts in�ood
<br /> • � faith the Ilea by,or defends againat enforcement of the lien in,legal proceedings which in the Lender's opinian operate to ,
<br /> ' � prevant the enforcement of the lien;or(c)secures from the holder of the lien an agreemenc satiafactory to Lender subor- ;
<br /> dit�dng the lien to this Security Insuument. If L.ender determines that any part of the Property is subject to a lien which ..
<br /> may attain priority over this Securiry Instrument,l�:nder may give Borrower a notice identifying the lien.Borrower shal!
<br /> eatl�fy the lfen or take one or more of thc actions set forth abovc within 10 days of the giving of notice.
<br /> S. Hwzrrd or Property Ltsurance. Borrower shell keep the improvements now existing or hereafter erected on G
<br /> the Property insured against loss by fire, hazanls included within the tecm"extended coveroge" and any other hazards,
<br /> i induding floods or flooding, for which L,ender requires insurance. This insurance shall be rnainlained in the amounts end ;
<br /> for 1he periads that I.ender requires. The insurance carrier providing the insurance shall be chosen by Burrower subject to
<br /> j Lender's approval which shall no[be unreasonably withheld.lf Borrower fails to maintaio coverage described alwve,Lender
<br /> may, at Lender's option.obtain coverage to praect l.ender's rights in the Propeny in accordAnce with paragraph 7.
<br /> All insurance policies and renewals shall be accepwble to Lender and shall include a standard mortgage clause.l.ender
<br /> shall have the right to hold the policies and renewals. If L�:nJer requircs,Borrower shall pr�mptly give to I.ender all receipts
<br /> of paid premiums and renewal notices. In the event uf loss,Borrower shall give prompt notice to the insurance carrier�nd
<br /> ' Lender. l.enaer may make proof af loss if not madc prompdy by Borrower. '
<br /> Unless I.ender and Borrower othcrwisc ugrec in writing, in:�urance proreeda shall bc ap��heJ ta reswration or repair
<br /> , of the Property damaged,if the restoration or repair is econumicully feasible and I.ender'S security is not lessened. If the
<br /> restoration or repair is nat economically feasiblo or Lender's security would be lessened,the insurance proceeds,hall be
<br /> applied to the sums secured by this Securiry Invtrumant,whclher oc not�t►en due,with any excess paid to Borrower.lf Borcower
<br /> abandons the Propeny, or does not answer within 30 days c►n�xicr frum Lencier that the insurance carcier has offered ta
<br /> settle a claim,then L.ender may ec�llect the ingurance pnxeeds.Lender mav use the proceeds to repair ur retitore che Prupeny
<br /> .,.��.,�v R��m�e crrured bv�his Securitv Instrument. whether or not then due.The 30-dav aerinci will beQin when the n�nire
<br /> � � _' " r_• -� . . �
<br /> is given.
<br /> Unless Lender and Borcower otherwi�e agree in writing,uny •rpplication of proceeds to princ�pul shall mit extend
<br /> Iur pustponc thc duc datc of thc monthly paymcnts ref'erred to in paragraphs I and 2 or cRange the umcwnt uf thc paymen[s.
<br /> i If under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurunc:e policies and pnxeeds resul�ing
<br /> � • fmm dnmaQe to the Propertv pric�r to the acyuisiUon sh•rll pass w L.endcr tu thc exeent of tlx sums�crured by thi�5rrurily
<br /> insuument immddiately prior to the acyuisition.
<br /> rorm�o2� 9190 IpaR�=�,��vax�•��
<br /> �
<br /> I
<br /> �'�T • . '
<br />
|