|
.,h� . . .z�a_ �� v '/ . .+�-rc;-:
<br /> � _ .� '. . � . :
<br /> , _.-. a. . . . . _ . ._. .. .
<br /> _ � .
<br /> _ - .'� .. � ..., ......,�:.� . .. ' -__._s+..:: �:�.L::�. -_,b. 1� � 'L�, _.
<br /> ..
<br /> �. _ _ _ � ' _
<br /> --..t _ . _ __ _ _ _ "__ _ ... - _ - _ ."_._ _ -. - . . _ _
<br /> a '
<br /> .. Q -�'; ` - �.-...' -_ . .. V" . �,; `
<br /> �
<br /> a.�
<br /> . a-� .t< '. .' cl -.J: . t -' . � .. , . } _
<br /> . .. .. �. . •� .` ` ``
<br /> _ _ _ _ _ ' . .,, _...,_ - y A
<br /> L k 4 �_G^ �� f
<br /> "' '—_____''—. _ —�_:�_�T� _a.�_ ~ _" ' '.�.—��_...�i._.._�_.....,,,_�.--�--_.'+=? _ .-` ° .
<br /> .�y r^r C• ' - —� _ ' '_. „— _....-� � -f k J � .
<br /> . , >-L��.t • _. .
<br /> . ..<� TO(iEfHER WITH a0 the Unprove�nents naw or here�ter erected on the properly. and ail �sements, apPurtenances, end ��`a `.��-��, ;`,�
<br /> ' �"` ; fatures now or hereafter a part of the prope�ly.AU replacements and additions shail also be covered by this Secur�ly Instrument `.� r: ,` � `; ',
<br /> � AU of the foregcing is retened to tn this SECUrity Instrument as the'PropeRy.' ��i
<br /> — - BORR04NER COVENANT5 that Bortower is tawfu8y seaed af the esffite herehy ca►veyed and has the rigttt to grani and . .- � f
<br /> ` <<: convey the Pmperty and that the PropsAy is unencumbered. except tor encumbrances oi�ecord. Bortower wartants and wi� _ , � t.:''.�.`.
<br /> . � ° ; detend generaUy Ne title to the Froperly against all ctaims and.delnands,subJe�to erty encumbranees of record , . . . - .. ..
<br /> ' THI3 SECURIIV INSTRUMENT combines unitortn covenants for national use and non-unifoan �.OVE�18I�13 with GI11R@d� ' :�.� 4'�
<br /> - ' ���� variations by jurisd�ction fo constitute a unifo[m searity insUUment eover+ng real property. "�`h�•
<br /> ' ' UNIFORM COVENANTS. Bortower and Lender covenant and agree as fotlows. � • •
<br /> ` � 1.Payment af Prtnctpa! and Interes� Prepayment and Late Charges.eorrower snau prompiry oay when ' '' � , ` ` `��`
<br /> ' - due the principa!ot end Interest on the debt euidenced by the Note and anyl prepaymertt and late eharges due under the Note. �~ � ,� � , .; _
<br /> � 2. Funds for Taxes and I�suranee.Subject fi app'�iCabte law or to a written waiver by Lender,Borrower shaU pay O • •���°``; -��,���
<br /> ' � � :,,,:: to Lender on the day monthty payments are d�ce under the Note,unLl the Note ts pald in Tu�, a sum('Fwds')for. (a)yeEU1y ' �. �- •.
<br /> °1 � `• :
<br /> ��..,,.,,.;�s� taxes and assessmenis which may attain prtorif�/ over this Securiiy InsOvment as a Iien on the PropeRy, (b) yeatly leasehotd , ��"� �`.
<br /> � - payments or ground rents on the Properry, il any: (c) yeady hazard or property tnsura�ce premiums:(c� yearty flood insurartce �f; `°�`':•�
<br />-.-------.-�.:,� D���.d�Y•(g?Y�Y martgage insurance premiums,if any,end l�arry sums payabte by Bomower to Lender in accordance� . _ _
<br /> ' ' with the provisions of par�graph 8, [n lieu of the paymeM o! mortgage irrsurance prerNums. These items are cailed 'Esaow ._
<br /> •; ftems.' Lender may, at any time, collect and hold Funds tn an amount not ta e�cceed the maximum amou�a lender tor a , �.L{��_
<br /> � n (edereity reiated mortgage toan may requQe for 8orrowe�s escrow aceauM under the tederal Real Esfate Seitiement Procedures • . �� _�__
<br />_ � � .� � ` -- .
<br /> -� Act of 1974 es amended from tlme to time.12 U.S.C.�2607 et seq_ ('RESPA'), uniess anather law that appPes to the Funds ti:; :"
<br />, . �4 sets e lesser amount If so,Lender may, at arry tlme, coDect and hoid F4nds in an amaunt not to e�cceed the tessPr emavr�t. ; - � _ _ _
<br /> � Lender may esdmate the amount of Funds due on the basis of curtent data and �easonabfe es6mates of expendttures of tuture _ _..
<br /> � ` , Escrow Items or othenvise in accordarsce with appGeaD►e taw. . - --�
<br /> • � The Funds shatl 6e heid'm an instiNdon whose de{�osits are insured by a tederal agency.inswmetrtat'dy,or�tity(httduding - -
<br /> Lender.H Lender is such an insliNUan)or In any Federal Hame Laan Bank Lende►shatl appty the Funds to pay the Escraw . .�`�
<br />��`�� �.: ., s Items. lender may not charge Bortower for holding and apptying the Funds,annuaUyr analyzirtg the esd�ow accaunt,or verifyring •. • . _
<br /> � • ��.� ' the Esaow ttems, un►ess Lender pays Borrower inierest on the Funds and appGcabte Iaw permits Lender to make such a - _
<br /> � � ; charga However, L�der may require Borrower to pay a oneilme eharge for an independertt real estate tax reporUng service -
<br /> _ � '3 used by Lender in cortnecdon with this loan, ualess appiicable'Iaw provldes othervvise. Untess an egreement is made or �: -
<br /> �;i appficable law requires tnterest to be paid Lender shaU not be required to pay Bortower any interest or eamings on the Funds.
<br /> Bo�rtower and Lender may agree in w�iUng, however, that(nterest sha0 be paid on the Funds. Lender shaD give to 8onaw�,
<br /> ;�.� withoul charge, an annual accounUng of the Funds,showing uedi[s and debits to the Funds and the purpose for which each
<br /> _. �� debit tu tbe Funds was made. The Funds are ptedged as addittonat securriy tar atl sums secured by the Security InstrumeM.
<br /> -- ���' It the Funds hetd by Lender exceed the artwunts permitted to be held by appifcable law. Lender sheil account to Borrower -
<br /> ' , . ,:,::�, for the excess Funds in accordance wfth the requirements of appiicable law.li the amount of the Funds held by Lender at any �::;':� ,'�_
<br /> time ts not suffident to pay the Escrow Items when due.Lender may so notity Borrow�in writfig.and, in such case Boaower -�-�.
<br /> . f shall pay to Lender the amaunt necessary to make up the defidency. 8orrower shalt make up the deftdenay in no more than � —
<br /> twelve morrthly paymerrts,at Lender's soie discretion. ' � h �
<br /> �' � .� Upan paymert in fuli of atl sums seeured by this Security Instrument, Lender ahall prompthr refund to Boaower eny Funds -- �-=.�
<br /> � � • • hetd by Lender. H, under paragraph 21,Lender shali acquire or seil the Property, Lende►, pdor to the acquisidon or sala of the ____
<br /> . Property,shall appy any Funds hetd by Lender at the time of acquisition or sale as a aed'rt against the sams secured by this ' _- --
<br />' �' ., � Securiry tnstrum�t. ' .:�':��� '_---=�=�
<br /> ' , 3. AppliCBtion of PSym6nts. Uniess appticable Iaw provtdes otherwise, all paymeRts received tsy lender under ':.�,',,.___
<br /> " - ' paragraphs 1 and 2 shail be applied flrst,to any prepayment charges ds�e under the Nota second,to amounta payable under '_---
<br /> ��.,......_:..... � '
<br /> ' • . paragraph 2;tnud,to mterest tlue;fourth.to prirtcipai due;snd tast, to arry tate charges rSue urtder the Noie. ° = °°°°-
<br /> . 4. Chaig89; LIen9. Borrower shall pay ali taxes, assessments, cfiarges, ftnes and impositlons attributable to the � �-�_-
<br /> . Praperty whicfi may atfain prforiry over this Security InsUume�t,end teasehold payments or ground rents, if any. Borrower shall ��'�
<br /> pay these obitgalions in the manner provided in paragrapb 2, or if not paid in ffiat manner, BoROwer shaU pay them on Ume <: . '. � .�:�
<br /> ' , ' , direcUy to the person owed payment Borrower shail promptry tumisA to Lender all notices of emourrts to be paid undw this . ,,
<br /> .-- - . • . paragraph. If Borrower makes these payments directly, BaROwer shall promptty fumish to Lender receipts evfdencfng the '��`'��'�'
<br /> � payments. ' ��°-
<br /> �. . � 8ortower shall prompUy discharge any Oea which has pdority over this Securiry Instrument untess Bonower: (a)agrees in ,�r:. ,• �..;:,--_
<br /> writing to the payment ot the o6ligation secured by the lien in a manner acceptabie to Lender, (by contests in good faftb tha • . ,.��:.�
<br /> � ,, �en by. or de(ends against enforcement oi the lien In, legal proce�ngs whlch in the Lender's opinion operate to prevent the , ' • R-�:
<br /> , . enforcement of the ilen; or(c) secures from the holder of the Ilen an agreement saUs(actory to Lender subordfnettng the Qen to � � -
<br />�, � � � this Secudry tnstrument If Lender detertnines that any part ot Hie Property is subjed to a lien whieh may attain pdorfty over this , � � "•.:,���
<br /> . ' - Secudry Instrumeni, lender may give 8orrower a notice identityfig the lien. Borrower sha0 saUsty the Ilen or take one or more of „ •, �_
<br /> S:� . -
<br /> • . • the actions set toRh above wfthin 10 days ot the giving o1 notice. �°
<br /> � ; S. Hzaard or Property Insu�ance. Borrower sha0 keep the improvementa now e�JsUng or hereafter erected on the � •���'.:.T:_.,
<br /> � � Property insured against loss by fire, hazards inctuded wfthin the tetm 'extended coverage° and eny othe►hazerds, tncfuding •• ' -:�:,t''.
<br /> . tloads or tiooding,for which Lender requires insurance. This insurance shatl be maintained in the amounts and tor the pedods � �" : ��
<br /> � that Lender requires. The inaurence cartier providing the insurance shail be chosen by 8onower subject to Lender's approval �� ��'•'' .,"•_�•c"-
<br /> .. � whicfi shall not ba unreasonabty withhetd. I( Bortower fa(Is to malnfain coverage described above Lender may,at Lender's '"�°°'_� --T
<br /> ' . option,obtain coverage to proteat Lenders dghts in the Properry in acwrdance with paragraph 7. . ' . '`'
<br /> ' " ' M insurence pollcies and renewals shail be acceptabte to Lender and shall include a startdard mortgage cfause. Lender • • ••
<br /> � shall have the tlght to hold the policies and renewals. If Lender requires, BoROwer shall promptly glve to Lender all receipts ot . • � �
<br /> • , paid premiums and renewal notices. In the event of Ioss,Bonower shall gNe prompt noQce to the insurance cart�er and Lender. . ..
<br /> •� '' � Lender may make proof of loss if not made prompUy by Borrower. . • �
<br /> ' Untess Lender and BoROwer othenvise agree In writing, insurance proceeds shall be appiled to resteraUon or repair o1 the ' . _
<br /> � �`- • , Property damaged. H the restoraUon ar repair is eeonomlcaly feasibte end Lender's aecurity is not Iecsened. H the�estoration or • . �
<br /> '� ti� � repair is not economicaiy teas(bte or Lender's security would be lessened,lhe insurance proceeds ahall be appfled to the sums .• �
<br /> ,� secured by this Secudly Instrument, whether or not then due, wfth eny excess paid to 8onower. H 8orrower abandons the . . '
<br /> � Property, or daes not enswer wrihin 30 days a notice hom Lender that the insuranco carrier has oflered to settte a claim,then , � :
<br /> Lender may coltee! Ihe insurance proceeds. Lender may use the proceeds to repair or restore the PropeRy or to pay sums .
<br /> � secured by this Secudry Instrumeot,whether or r.ot then due. The 30•day period wili begin when the notice is glven. . .�, .
<br /> Unless Lender and Bortower othenvise ��.ee In writing, any applicatlon ol praceeds to pdncipal shall not extend or � . .
<br /> . ' postpone the due date o1 the monthly payments reterted to in paragraphs 1 and 2 or change the amount ot the payments. (t . � �.
<br /> � under paragraph Zt ihe Property Is acquired by Lender, Bon�wer's dght to any insurance poUcles end proceeds resutUng from � , .
<br /> , � damage to the Property prlor to the acquisition shaii pass :o Lender to the extent of the sums by this Security tnstrument �
<br /> • • immediately prioi to the acquisftion. . ' .
<br /> � 6. Oecupancy, Proservation, Maintenance and Protection of the Property; Borrower'e Loan � •.
<br /> Application; L08SBholde. Bortawer shall occupy, estabiish. and use the Property as Bortower's pdncipal residence wfthin ��
<br /> �`� � sixty days after the execution o1 this Security Instrument and shall continue to occupy the PropeRy as Bortower's principal
<br /> =:�•:': . � residence tor at least one year after the date a! accupancy, unless Lender otherwise agrees in wriUng, which consent shall not :
<br /> be unreasonably withheld. or unless extenuating cireumstances exist whlch are beyond Borrower's control. Bortower shall not
<br /> �'�• destroy. damage or impafr the Property.allow the Property to detedorate, or commA waste on the Properly. 8ortower shail be in ' •
<br /> . y defauit i1 any torlefture ncHon or proceeding, whether civil or criminel,is begun that in Lender's good failh judgment could result . '
<br /> ! in torfeiture of the Property or otherwise materially Impair the lien created by this Seeurity Instrument or Lender's security interest.
<br /> :�•:. ' Y
<br /> , ' : i Fi���,. � ;,�;, v,a�z r.r 5 � ,
<br /> i ��:i�� { „
<br /> ' � f � �
<br /> '-` ._.. _. . _-r� . --.:.-._.-::-._.�.
<br /> - . -- ------
<br />, I • '
<br />�� :..:` � � � 9�zei � • ' , - ,
<br /> .. t -
<br /> ' � . h::'1�-�'_---- —
<br /> ' . .. , -
<br /> . .
<br /> . .. ..: . . ... . ,._ , .. . . . � , ., �
<br /> . ... _ . . _ . .. _ _ . ... . ._. ._. , ... .. . _ ..... _ ... . ... .. _:.'��'-
<br />
|