|
`, ' -_ _:�—_.___�_..v.__..�. . . . �.. . . . . _. . . =f,.. __ _ ... ,. . .�I_�iV{���� . ' . .Si ' ... ._ _ti _.��` ry .� Y"—•.
<br /> � • Lender ma, ut eny ttrr�,eolbet and haid Funds in an amounY not to exce..°d tha m?xk+ium amount a Lander for a f6derally relatEd mortgago , "-
<br /> rt eg
<br /> Y ' .
<br /> " �pen may rpqyiie far Bonowttrs eserow eCCOUnt under the tBdBral t�31 Esffile S3ttk3ment FroCedutes Ac4 ot 1974 Ets amendsd irom time to _ _. __�
<br /> • tlme. t2 U.S.C.260t et seq. (°�SPA'),unless enothEx taw tnat appto�s ta the Funds sets a �ssr amoun�If sa.Lender m�y.at any thna� ,'. • ,f
<br /> cot;�st an d hatd Funds a� on 8mount not to e�cCe:�d the Issser amaunt Leade+ may esthnate the amaunt of tunds due ort the basis of , • _
<br /> � curteni data and�easonable esttmates of��nd;tuca3 of Nture Escrov,ttems m�si�srwna�a^.�.:rd�'.c�"'�.�°�C�'!�'a taw. :,--�--
<br /> -.__—._ �=r
<br /> The Funds shall b0 hetd tn an tnstRutlon alrtose depasRS ase insurad by e federal agsncy. �nstrumsntgL�Y. or entIIy (incNding Lender.rf i
<br /> . . Lender 19 sueh en instdut�on)or h any FeQersi Hom�Lan Bank. Lw�der sha��DD N��Fun ds t o p ay t h o E s c m w I t e m s. L e n d e r m a Y n o t . 5 -
<br /> eha�g Borrowar tar t�otdtn9 end eppry�y tho Funda,annually en�8 Me escrow account, er verityir.g th� Escrow Itoms,unless L.ender • .. . , .-
<br /> � psys Borrower IntBrost on the Funds end appL'cabl�taw p9smas Lender to mHke suah a charga However. LenBer maY requ5ia Bortower to �,�.
<br /> pay a on�ttrne charye(or 8n indepandsnt rea�estate t8x reDaKinO sflrr(ee ussd by Lender In conneCtiOn wfih this loen, untess app�:Cab��w : . -_
<br />__ pravldas otherw4e. Unisss an aQ�Brnent is mada or appG�cabi9 I�w r84��a�t�9t ho+�svert that�¢orest hau ba pat�on the Funds. , , ' ' ;
<br /> gprrp�vet eny intgrsst or eamin9s on tha Funds.BoaoMrer and Lendar may agree' �. • . ;�
<br /> Lender shall ylve to Bortovirer, w�hout charqa,en anaual eccounte�g of the Funds,shotivtng cred�s and Qebits to the�unds and the purpase - .;.-. ----.-•.--
<br /> �� for whiCh e8ch debit to the Funds was mada The Funds ere pladgad as add'dtonal secur�ty tor atl sums secured by this Security tnstrument , � � , -
<br /> It the Funds hetd by Lender exceed t►�s emounts penn�tad to bo ho!r! by app�xebta tav�. Lender shall account to Barrowsr for the
<br /> � e�ss Funds in accordanee wtth tha requ�ts et aADticabfe levu. It the emount of the Wnds he►d by Lender at any Uma is not sufflcient .°a � ' ��� -
<br /> aqu _�' • Q�-.
<br /> : .� i to ptiy the Esarow Items where due,Lender m3y so notily Barrower h vrriNng, an0. m such case Borrower sholl pay to I.ender Me amount ..__ .;:. '. :.,..,. -
<br /> , _ � necasserY to make up the deficiency. Borrower shail make up the deNctency � no more than tweMe monthry pnyments.at Lenders sofe :._ �-.Y��._�
<br /> - j discretlon. ,"f�`�n��-••�
<br /> '�a::�Kt%�!�
<br /> • Upon payment in fu0 of all swcs secured by thLs Secur�y insUVmsnt, Lender sha0 promptry rsiund to Borrower any Funds heid by _;` _.�� -'
<br /> . Lertder. It,under DaragrnPh 21.Lender sha0 acqute ot seG Me Pmperty.Lender.P�tor to tha acquis@ton or sale of the Property.sheD aDAN ,f ��� - `,„
<br /> eny Funds haid by l.ender et the tene ot scquis�iiton or sate es a cred�aga�nst the sums secured by Mis Securrty InsGument �r�,� ..,
<br /> to
<br /> . .�RE.�r•_:... .
<br /> 3. AppelCa��II O} Pllyllt!'Qis. Untess ePAUCable law proviQes otherwlse.all paymenls �ecehred by Lender under ParaQraPhs t ead ' �"'"'•-
<br /> 2 ShaD be a�pGed: firs�to any prepaYment charges due under the Nots; second,to amounts payabfe under paragraph x third to interest i--!'�_��i.-�
<br /> ". � ; I, �__�--
<br /> dus;Wurth,to pnc�yal due;and last,to enY►ate charges due under Me Note. � -
<br /> ��:
<br /> Q. CN�T9E8; UCJ{s. SOrtowet ShB�VeY eD t�t9s�8S58SSmEntS.chazges.ihes 8nd 'anAosulOn5 &tirtbutebfe to the PrapeRy whiCh mSy ..���:y.� -•t�.' -�<"`-°-::
<br /> :•'n':r?A' ��
<br />' i��._ � _._ _.
<br /> attetn prtor�y o��er thts 3ecurity �nsGument, and [easehofd paymanb or ground rents. h enY• Borrower shaU pay theso obllgaUans �the •�,�A�
<br /> • men�er prpv(ded in para�aph 2, or it not paid v� that manner, Borrower shaQ pay them on tkne d�ecth+ to the�ers�n owed payment � .•,{�. � `�1'���r�t,•^'
<br /> . h If Borrovrer makes Meso payments : .'�
<br /> � Borrower shall prompUy fumish to Lender a0 notk�ss of amounts to be patd under this parsarap • .: : � --��
<br /> t
<br /> dtrect(y.Borrower SheD promptty tumtsh to Lender receipts evtdenc�g the payments. '-�. ���
<br /> V �r.�= fln lien which has priart'ty over th(s Security MSUument unless Borrower: (a)aBreBS b wri�ng to the I...,:.I...i ..,��.:�.�"
<br /> Borrowar shall prompUy d � Y " �� " ' <<
<br /> F. r � .
<br /> payment at tha obi'igaL�on secusrd by the �en �n a manner acceptab►e to Lender,(b)contests tn good faRh the Oar►by, or detends aQalnst •. ; '.' �°�`:
<br /> en
<br /> �}a�t o!the Lr2n c�,I�al�rot:eedmgs whlc� in the Lendefs ophion operate to prevent the entorrsmant of the 1'ien;or(c)secures frc'n �x�"`� -
<br /> �� 2.
<br /> � tha hoider of the Iien en a�'-t saUsfactory to Lender subordhattng t�e Iien to this Secun'ty InsbumenL If Lsndsr determtnes that a.�p � t , :4 ,. ��:,
<br /> paR of the Property is subject ta�tn�which may attain prtor�y over this SecurftY Instrumsni.Lender may ghre BoROwer a aottce lderttllying ,��� ,,,.,:: y
<br /> i,�. .�'>,p."a.r`'r" .:,Sw,
<br /> ' the lien. BoROwer shall satistY L`.=t�er take one or moce a 4 Yt+�a c t ians s e t f a t t h a h e v e w d h t n 1 0 d a y s o f t h e g N i n g o f rt�. �. . _
<br /> 6. H�zard �r Property i;SS73dA11t.�. &.^rranBr s:�? �k2ep the 6nprovements now exfsthg or hereaftar erected on the PropeRy .'�'�a{�:`�, -
<br /> ,t;'',`; inauwd eyab�st toss by ffre, ha:arOs hcWded.cRri�Yha tar.:�'a�ctended coverage"and any other hatarQs,including fioods or ffood�a,for .�'...-����;'V,
<br /> '?'f wh�p Lender wquires hsurance. Thts insuranw�f,�D be ma��ed fi the amounts and tor the perlods that Lend�cequ�es• The Insuranca . ,.., ��.t��!;�
<br /> y `'r ,
<br />� Cart(et provtdtny tAe InsurenCe sh00 be Chost� Dy BoROVrer s�;ect to Lenders apPraval whtch sha0 not be unreasanabty wRhhefd. I} JP,,vi y�
<br /> Bosrower f�[[ts to matita� coverape dsscrmed above. Lender may, at Lenders opUon, obtain coveraSe to protact Lend�s rights in the •.3'.��,' ;__
<br /> . -���..
<br />, �', �, Prop6Ry in aCCOtdanCe witA pBrapreph 7.
<br /> =.��a.,:y;
<br /> AO hsurance poticias artd renewat3 ehall�e a^..ceptubie to lender and sha7 mctude a stendard mor6jaye clsuse. Lender shall haye ths •i�• _-<� _�,�,
<br /> rigf�t to hotd the po0cies end renewats. I}LEn�r raquires.Borrower shs0 promPtN 9tve to Lender afl receipts o!peld pserntums end�a�r� ,_�,;.,,-. --'_
<br /> noUcea In the event o!toss,Bont�r°r shatl�s prompt notirs to tho insurance�and Lender. Lendar may make D�of of loss H not ;R: ,.���_$_ :��••? � '
<br /> made prom¢UY by Borrower. s •� ` '. :,
<br /> �� _
<br /> Unfess Lend�and Bortower oU►erwise �^-�e � writh9.insuranae Proceeds shait be sppAed tn restoratton or rep^•'a c�3�e Property -,�::;-
<br /> ., ;� _s�-�a��
<br /> d�ayed, ff ths �:fon or �6pu is eccr:rr�L�� teasbie and Lenders securrty Is not tessened. tt tisr� wstoraUon or repaY is c�:¢t �.
<br /> . economically feas�e�Len6ers securdyr weLt1 t�s iessened,the insurance proceeds shall be app0ed to;i5�:�:rts secured by thb Sec�,a'Pg �'`•���,:
<br /> �� � Instrumen�whether or r.ot then due,wkh tury�ss Paid to Bortower. If Borrower abandons the Properry, or daes not answer within 30 -•
<br /> ' days a notice from Lender that tko a�sumnce csrrier has otferod to Fettie e claim,then Lender may co�ect the insurance prcceeds. Lend� �*.-""'�e"�'�'__
<br /> may use Me procnsds to repab cr sastore tne PropeRy or to pay sums socured by this Secu�l Instrumant,whether or not th�dua.The �y _
<br /> c �
<br /> - . 3 a Q aY Pe►(od wID b o y h when the not(ce is 8iven. �;�-v
<br /> Untess Lender and Borrowar otlfenvlse a�ee i n +e rt�hg,any epp f l c e t i o n o f p r o c e e d s t o p r i ns t p a l s h a U=.A Z e�d e n d o r p o s t p o n e t h e d t a� . .
<br /> data of tha monthry payments reY-r�n3 to in para9rePhs 1 and 2 or change the amaunt of the paymsnts. lt:;u-�ar parayaph 21 the Pro�:7l ,.,��.:.;;,,.�.,,,;`'�-
<br /> is acquired by Lender,Barrowefs c�-^;t to any insurance poilcles and proceeds resuRinp iror.¢drsr�s�re to tt�a Property prtcr�the acqu�kbn • . : �
<br /> de
<br /> shail pass to I.ender to the extert af��e sums secured by thLs Securiry Instrument Unmediate��c'.or ta ttsa ecquisRkn. ,.�1���i;,;-� � ' __
<br /> :. 1;::'._:...•• .
<br /> , ;. 8. Occupancy. Preservatton� R�s:::�nanee and Prot�etion of the Propert�t; �rs��,rerb �orn Appt�catten; •.�-:�•: :. ..,� --,
<br /> • �,. , � ..r�•,s::,
<br /> • LeasehOlde. �a�-ower she�f occuPY�OSi8bfS1�SI1G U59 th0 P�OpeRy HS BOROwerS pfYlClptil teSid9rlG9 wt+::T Sbdy QeyS eftei the 67C9Cl.2iCf1 :•�c�,::w•n,::::-�:.
<br /> Of QAls SeCUfSy lrstfumetlt end sh?A COntlnue to oCeupy the Pr0 as Bortowefe pri�cipal residence tor c2 lafl5t one year after the Qatg o! ''^"' � � i�5;:' 'f'
<br /> ect+�acy,uniess lsnder othenv�agrees h wrnin9.which con�shail not he unreasonnb�y withhafd,or untess e�Qenuatinp cincumstartces ���''�`5�.�����' �_
<br /> ° '' exist whlch ere Cayand Borrow.�5 canVOl. 8onower shall not destray.damflge or impai the Property,alow the PropeRy to detedoraW,or • '���:±�'• ''.,4;. .
<br /> comrn.y waste en the Property. Borrower shafl be in defautt H eny torfokure action or proceed�g,whotP9r c?l•1 or craninei, is b�qun th3t in . '• --
<br /> .�_�b�:::,,.�.:.�.k.
<br /> Lenders good fa'h juQgment coutd resuQ h� foAefture a! tno PropeRy or otherwlse materialry imp� the I�n created by this Secvs3.y ------
<br /> � Instrument or lenders secur�ty i�;xasG Bortower may cure suah n defauft end reinstate,as pro�:ded in pz�graph 18,by ceusinp tho action ` -:�..,�„�,�.���;,•..� �
<br /> or pracoed�g to Ce dismissed�n a ruling that, h lendac's�od tafth detertninatlon, prectudss torfeiture of the Borrow¢/s interest In the .
<br /> Property or other material impalrment of the Ilen crested by tnia Security Instrument or Lendafs security inforest. Bartov�er shaU elso b0 In
<br /> d9t8uR C BOrtowEx,durhg th0 loen appliCaiion proCes9, gave materlally fatse or inaccurete infortnation or statements to Lender (or failed ta � � ' ' • . �
<br /> � • provids Lender with any matartal infortnaUon)in Connectlon wfth the tofu►evldanced by the Note,inctud�g,but not Itrnited to.reprosentatlons . .—
<br /> conceming Borrowe�s occupancy of the PropeRy as a principal res�dence. tf this Security InsUument Is on a teasehold, Barrowor shall ' , � � •
<br /> compH with eD the prbvksbns of the Iease. If Borrower acquires fee tftte to the Property, the leasehold and ths fee t�tte shafl not metge �
<br /> _ • � untess t.ender agrees to the merger in wrrting. � ,
<br /> . • �
<br /> •- Form aoae eroo � - — �
<br /> �',, -
<br />------_ .'—
<br /> F400&LMO(t0/8B) Pape 2 ot 5 . -
<br /> . j - . ._ ._. . �---
<br /> _ �•
<br /> �. 08860020 . � , • --—
<br /> ' • . .. . . . . . • . �... .. .. . r' . . y? ' . � .,l� ...• . .... . . ' � . . .. � �. - .
<br /> ` . - ' • i�. . , . . ' ' .
<br /> � � - . _ . . . ..._ . . � . .. ;�A7.' , . • . . . . .r " . ,�
<br /> _ _ . .. . - .. .. . _ . , -. . . _ . . �r:. . . .. - ._
<br />
|