|
,_ r►; . . . ..
<br /> .,
<br /> , . ..
<br /> ,. . �. . 1. ' . _ ....,__�,-�. -
<br /> .,..4,.. _ •
<br /> • : ' -' ..: ' � _. . ...._._ _.-•-°- - - -.. . _ -- . �
<br /> :. ,. _ r__.�---�—.------- - _..�..__._.�__ ..__ _ _ �.� _ - - - � � '•x f. �`�?_
<br />.. : d �W/�� :.(.--'--'��'_' . '
<br /> 1( .
<br /> . -5 r:v.'-
<br /> . ToGk�NER WITH ail the improvements novr�oi�h;r`ePam�tG►�d addit ons sha Iealso be covere be this�curiry Instrument �� ����`�'��� .
<br /> ' ` fac[ures now or fiereafter a part of the property D �
<br /> All of the foregoing is referred to in th�s Secu+Try Instrument as the "PropeRy' • •
<br /> �; BORROWER COUENAN7S that Borrow s'unencu ber de e Cfe'teturStencumDra ces of reco dd BoROwernwarrant�3nd wd � �
<br /> onvey the Property and thai the Praperty P . � ^
<br /> r:etend generalty the UUe ta the Property against al►claims and demands.sub�ect to any encumbrances o1 record , i
<br /> THIS SECURITY INSTRUMENT comb:nes umtorm covenants Icr national use and non umform r.ovenants vrrth timited �
<br /> , 'c vanaUons by�uns6tcilon io consUtute a urrtortn securdy mstrume»t w,erng r�a:propeR; — -=:':�.�_=-�•--�,_?���-
<br /> UNIFQAM Cd1lEfVANTS Bortov�er and Lender covenant and agree as follows when
<br /> ? 1. Pay�r►ent o4 Principal and inieresd: Prepaymettt and La4e Charges. Bortawer shall prompiry pay ,,
<br /> � due the pnncipal nt end interest o� the debt a�idenced by the Note and any prepaymenl and late charges due under the Note � ; . ,
<br /> • 2. Funds for Yaxos and Insuranee. Suh�ect to apphcable law or to a wntte� wa�ver by Lender Horrower shail Qay ,
<br /> - to Lender on the day monthH payments are due under the Note untsl tne Note �s paid m lull_ a sum �'Funds'� lar (a) yeady �� ' ..
<br /> taxes and assessments wfiich may attsuo pnortiy ovc� ihfs Securtty �nstniment as a 6en on ihe Prope�4y (b► yearty �easeho�d I___ __ _____.=,_t__
<br /> ," payments or ground rents on the Property. i1 anY_ (c) yearly hazartl or property msurance premwms. (d) yeariy itood Insurance
<br /> • premwms. d any: (e)yeady mortgage msurance premwr+is. d any� ard (n any sums payable by Bonower to Ler�dEr m aCCOrdance
<br /> � '
<br /> ; w�t� the prorisfons o1 paragmph 8. m lieu o1 the payment of mortgaqe msurance prertuums These dems are called "Escrow
<br /> Items.' Lender may. at any Ume. collect and hoid Funds in an amount not to exceed the maximum amount a le�dsr tor a ' �
<br /> ; federally related mortgage loan may require for BoRCwer's esaow account under the tedertil Rnt Estate Settlement Procedures � _ �
<br /> Act of 1974 as amended irom tims to time. 12 U.S.0 �260t et seq. ('RESPA'y. uNess another taw that applies to th? Funds A :;�,K��
<br /> - j sets a lesser amount if so. Lender may,at any time. colled and hold funds in an amount no: to exceed the lesser amount __ __��
<br />- `� Lender may estimate the amount of Funds due on the bas�s of curtent data and r�sonable estlmates of experedihires of tuture �,�; �
<br /> . ;i Esaaw ttems or othemise in accordance with applicable law. - �"�'�"'`T
<br /> Y 9 ��m��� or en �nGudin `� i �.
<br /> The Funds shaU be held in an in s t i b:tlon w h o s e d e p o s i t s a r e i n s u r e d b a tederai a ers c y� �Y• �Y ( 9 !�!'�''"_
<br /> .. `�� Lender. d Lender is such an mstitu6on) or in any Federal Home Loan 8antc Lseder shail appty the Punds to pay the Escrow _ __ =- '_.
<br /> Items. Lender may not charge Borrawer for heiding and apprying the Furtds. annualy anatydng the escrow account, or verifying T_ �.���
<br /> � � the Escrow ttems. unless Lender Pays Borrowe► interest on the Funds and app'icabie lavi pertnits Lender to make such a , ��_ __
<br /> �,t;,
<br /> , � charge. However. Lender may requ've Bortower to pay a one-time charge for an mdependent real estatQ 1ax rGourtis�9 ge►hce - .
<br /> used by Lender in connecUon with this toan. untess apRlicabie law provides athe�wtse. Untess an acgc�r.errt is made or .-��
<br /> J�l,- .i "`r`�"'-,� --.:.6
<br /> ,- applica6le taw requtres interesc to be paid. Lender shali not be reqwred to pay Borrow2r any interest or eamngs on the funds. �•
<br /> "'�` Borrav�er and Lender msy agree in wdting, however. thai interest shaii be pa�d an the Funds. Ls�a:r sha(I give to Barowc3- :Y,_,_�:, a:�:•�r�'_
<br />;r��'. withaut charge, an annual accountinq of the Funds. sho�vm credi[s and debits to the Funds an�' iha purpose tor which each �„_, �` Q,_,
<br /> '•'s� debit to the Funds was made. The�unds are ptedged as addiIional securiryl tor a{sums secured by tfie Searity Instrumeat � -�y�'.�y , • �-
<br /> • Ii the Funds he'd hy Lender exceed the amounis pertnitted to be hetd by apA��ble law. Lender shall accoum to Borrower : :��?�.e� .,•
<br /> ` for tiie exc.�ss Fu�sds �n accordance with the requirements of appGcable law. If the amount of ttie Funds held by Lender at any � � ��' :�+1�_�,. • "
<br /> time is not sufficient Yu pay the Escrow Items when due. Lender may so notily 8o:rower in writing,and, in such case Bonawer ;5 ��f,,�.��..-..
<br /> ��., shall pay to Lender the amount necessary to make up the defiden Borrower shail make up 2he defiaency in no more than .. �, ..
<br /> cy. "^�
<br /> tweive rt�orrthty payments.at Lender's sale disaetion. j"''��?�;'"� �
<br /> Upon payment in full af a1I sum� secured by this Security Instrument. Lender shall promleth� refund to Bonower any Funds •,,,��., ��+� � � �.
<br /> . >:-
<br /> held by Lendar. It, unQer paragraph 21. Lendw shail acqwre or sell the PropErty. �E�der. pr.er to the acquisitio�or sale o1 the .��' �. � µ
<br /> prepeny, shall appty any Fu�ds held by Lender at the time of acquisition or saae as a credit against th� sums secured by this t;��,�" ���<:�;_�
<br /> Securiry Instrument �
<br /> es�ts received b lender under ��` �ti� �t
<br /> � 3. Appiication of Paymen4s. Unless applicabte law provides otherwise, all papn Y
<br /> ,ti7��• paragraphs 1 and 2 shall be appiied: first, to any prepayment charges due under the Note: sc+�nd, to amounts payabie under � - �j �'�'�E
<br /> �:�3` t paragraph 2:third.to interest due:tourth,to pdncipal due: and lasl.to any late charges due under the Note. . ' •.j�pa ` _
<br /> 4. Charges; Uens. Bortovrer shall pay all taxes, assessments, charges, fines and impasitions attrhwtahle to the ;� : _
<br /> Properly which may aCafn priority ove:this Security Instrumeni.and leaseholG payments or ground rerrts. 'rf any. Borrower shaD ` . Di" ''
<br />. pay these obligatiaas in the manner provided in paragraph 2. or'rf not pafd in that manner, Bortower shall pay them on time _ . ,::
<br /> • direcUy to the persan owed payment Borrower shall promptty fumish to Lw�der all notices of amounts to be paid under this £:� ' �Y:�:�.
<br /> ' paracp-�h. I t B e r r c w e i m a k e s t h�.s e p a y m e n t s d i r e c U y. 8orrovier shafl prompt l y tumish to lender receipts evidendng the �'.,�nsa�w ,f.,� ;.
<br /> . ,.; s'"+:x:t: -;r�v,_
<br /> payments;. � .
<br /> � Borrower sh;R p-c-+ptly disch�'-any lien which has priorfty over th�s Sec:rity InstrumEnt unless Borrower: (a) agrees in �'�f,H
<br /> � writtng to the payr.t�;:of the obi'ra'.cn sE+.vred by the lieo in a manner acch�+�le to Lender, (b) contests in good tsitb the .,..�.: '�����_ r'_
<br /> - r,,�,,,,�,,i r :.
<br /> ' lien by. �r detends against erdarc.�;•r3rf c1 fhe i:+�s in, tegal proceedings wh;d� �n the Leaders opinion operate to prevent the .' .'7��+,;�.;,;:
<br /> 4� e�{��r.rs.t of the 6en: or(c) �c�:re-s�r'ur.:t�e hoider of the lien an agrcr3n�1'sz.+s!actory to Lender subordinaling the flen to �°e�.:�
<br /> thls�,Ky Instrument. M Lender d�i.rrtnines that any paA of the PrcpeRy�s subject to a lien�nich may attafn pdority over thls ����y; ., -
<br />_'t���� ' Secu�s�inzt:�ument.Lender may give 8orrower a notice identity�q the lien. Barrower shall sat!<_`�the Ifen o►take one or more ai - � _
<br /> � the acticrs set`.ortlt irhove within 10 days oi the giving of notice. ' -��-.�'=`��
<br /> , �ae:.
<br /> � 5, FQaZEed �� �ro�serty I�suranae.Bortower shall keep the improvements now exlsting or hereafter erected on lhe :. •--r��, r.
<br /> . propelha ��::red .sa��r..st loss by fire. harards Induded wAhin the term 'extended coverege' and any other hamrds. inetuding ,__,:,...�.,,
<br /> flaods�x°oo�r.g.��:.•r w7�ich Lender requires Insurance. This inscrance shall be maintained in the amounts and for the perlo�s er�'x�°-�`y� a:•?- �
<br />_,;.�.� � that U�sdns se�u:^:s. The Insurance cartier providfig the insursrce shall be chosen by Bortower subject to Lenders soprova� �-- �.,.�
<br /> `:;� ' whid� ;d;z�; soc �� unreasonably withhefd. 11 Bortower fails to maintain coverage descxibed above. Lender may. at Lender's �-==R;yr,,�L
<br /> . optiaz,cbt2m ���c-ra�to protect Lender's dghts in ihe Properry in accordance with paragraph 7• ..-;-
<br /> .'� AII insurat.r.a {�a4:cies and renewals sha11 be acceptabte to Lender and sf-all include a standard moRgage clause. Lender � U•
<br />.,.'. .. .�'+'.,
<br /> sha0 have the rght to hotd the policies and renewals. It Lender requires. Hc�-�f+er shall promptty g;ve to Lender all recelpts of � �+�:
<br /> i3�;� . � - r*r�..k.-_'-
<br /> paid Gremlums an�renewal noUces. In the event ot loss, Bortower shall give prompt noUCe to the insurance cartler end Lender. ,_. : ,,:.,�
<br />;:��ti� .-' I.,EnGs��iay make proo!of loss it not made promptly by Bnrrav�er. ��`�Q~h6 ��
<br /> , Unle:s Lender and Bor►ower otherv+ise agree in writing. Insurance proceeds sha(I be np��°d to restoration or repalr ot the '•?"''s'�,��:�.
<br /> Propetiy C�tr.aned i!!he restoratlon or repalr is economlcally feasibie znd Lender's securit/is not lessened. If the restoratlon or � ' __
<br /> ,� s��:::a�-.ns,-�
<br /> repdt�s nat eeanr,rlralty teasibte or Lender's secu�iry would be IeseErtcd,the rnsuranee proceeds shall ba applied to the sums �'��'�!' _�, .
<br /> secure� b�� ihls 5ea:rtty Instrument, whether or not then due, with �ny er.c�s pald to 8ortovrer. If Borrw�er abandons the
<br /> Propeci-,�. or does not ansvrer within 30 days a notice hom Lender thal the insurance carrier has oftered to settle a clnim, then ��'��
<br /> Lender may col!ect ihe Insurance proceeds. Lender may use tho proceeds to repah or restore the Property or to pay sums ~�,���;,
<br /> secured by this Security Instrument.whether or not then due. The 30-day period will begin when the notice is given. _ �,:
<br /> UNess Lender end Borrower otherwlse agree in writing. any application ot proceeds to principal shall not extend or �,.���i;
<br /> poslpone the due date o1 the monthty payments referrad to in paragraphs 1 and 2 or change the amount of the paymants. If � . ..,,.,.,,�,,,.�;�
<br /> under paragraph 21 the Property is acquUed by Lender. Borrower's right to any Insurance policies and proceeds resulting trom ''"•''�?'"'_'
<br /> � �lamage to the Property pdor to the acqulsiUon shall pass to Lender to the extent ot the sums by ihis Securrty Instrument =. __ ,___
<br /> immediatetyr prior to the acqulsition. '"T '
<br /> 6. Oacupancy, PreservfYtlon. Malntenance and ProlecUon of tho Property: Boroower's Loan '� '`" �����: .
<br /> � Applieation: Leasoholds. Bonov�ar sAall occupy. estabFsh. and use tho Property as Borrov�er's prinCipal res�dence v�hhin .• ; .
<br /> s�xty days afte� tho executlon ot lhis Security Instrument and shall continue to occupy the PropeRy as Bonower's prtnapal .
<br /> � residenCe for at least one year atter the date of occupancy. unless Lender otherwise agrees in vmtmg, which tonsent shall net = , `
<br /> ' be unreasonably withheld.or unless extenuating circumstsnces exist which aro boyond Borrower's conlrol. BoROwer shatl nol ..
<br /> destroy. damage or impair the Property. allov� the Property to detenorate. or commit waste on the Property Bortov�er shall be m •
<br /> � default it any tortedure action or proceeding, whelher cn0 or cnmmal. is begun that in Lendei s good faith judgment could resu(t -
<br /> in torterture ot the Property or othervnse matenally impair the I�en created by this Secunty Instrument or Lender's seCUriiy interest .
<br /> ---. . . .., .... . . � ' {� -•----.�..---� ' ._
<br /> _ �� .. .... ..�. . ' - -
<br /> .. � i5t55 . ...
<br /> .
<br /> , s�.r-.:..-a��,;.�.�_-� - ------- -.
<br /> .... .. . . _ _ . - - ' , . . � � ,.. ' , • . ' � . .. � ' � i . � ,
<br /> . . . . . - � � ..F.. ` . . ... _ Lrr , . ' . _
<br /> .
<br /> . . •
<br /> . � . .. .
<br /> ..,:
<br /> �. :. . . . .. . : ..- . . . . . .. . .
<br /> • �...�
<br /> ,
<br /> . ._ . . ,-, . .. ,.. . � -,�' . . ��� . . .
<br />
|