|
_.."-. ,� . .:< . . _ . _ ; �.<.crz..
<br /> , . - � �---,-- - -,-— - -- - - - - ---. .. . - ------ -°----� � ,._` _- �-..
<br /> , . . . . . . , . . . � - 'c ..
<br /> .. . • . . .._ . ..__'..._.� �� -..3...i-... i_ ._ ..('.. � - _ ._. . - ' .. ' ' ' , - • - _ ' `f \� .. . A . , . _._._._,..�` 4 • '
<br /> _ � : . : tt��coRr��8°1�,1�3� 9��° 1041.�? . : �
<br /> ' � - BORROWFR COVENANTS:.,:l�is tawfully a�ised of the eatatc he�mrs.yed aad has tite right to grant � _ ': � ' :-
<br /> .. ` and convey the Properry aad that the Froperty i�unencnmbere4�Pt for encumbrances of reonrd. Bormwer warrants and < . . ,`,;,� ' ..
<br /> �i wiil defcad geneially the titte w the Property agatnst ell ciaims and d$mands.subje�t to aay encumbianaes of reaord. .. . . ,r.
<br /> , 1 THIS SECURIT1l INSTRUMEI�iTaombines uaifarm aavenants for nattonal use and no�uniform aoveasnts wlth Iimited �
<br /> . � � v8t3atiOns by ju�lon to W�tiWte a un3fDiID sec�tuity� �me-"-►opyeii�l$Iee1 P�P�Y `
<br /> �
<br /> UNIIaORM COVENAN�S. Bormwer aad Y�endes oovenant and a�ree as follows: • .
<br /> . • L Pa�ea3 oi Priad�Inte�staa��I�tei'�a3gs. Barmwer shall paywhea due We�o�aad laterest on,We ! < . '�
<br /> ' debt eviQenced by the Notc and tate charges due under We Note. ' � . ' � '
<br /> � � . . � 3. MoatLt�l pegm�t of Tez�.lasnrna�,t3sW Othrr Chaigea Bonoaaer shall include ia each manthh'Pal+men�. � . . � : . .
<br /> , _ wgether with tPie priasipal and interest as set finrtls ia the Note and any late charges.a sum for (a)taaes and spedal ' _ ,
<br /> : <•y��� as�,sments levied or to be levied a�t the ProP�Y�N)t�asehotd paymeats or ground rents on the Property,aud (c) ,
<br /> =�- ----• --� p�for insura�oe required u�para�spb 4 Ia aay year in which che Leader musc pay a mort�ge ins�uance _ _ '- .° y�_
<br /> . ' -c pr�ium to tiu Se�+etaz5►af Hnusing and Urban Development('Secretaty").or ia a�►year in which such ptemium would .. .`��` ' `�` _
<br /> � b9VC b@CII ICQl11i'ed lf T.CG�C!Stl�l hC�LtIC SCQITIIS► +ment�C8C21 I�OIIth1Si PS}IIDEIIL SZ18118LR0$]CZ1IdC C!t$Bl:(1�8 511III fDI '•': •
<br /> ' ' the annuat morcgAge iaauraace premium m be paid iry I.ender to the Seaetary.or(ii?a mronthl�'c1�8e instead of a mortg�ge . 4 �s `, � s
<br /> -. _�f,
<br /> � insuiaace premium if tHis S�t Insvumeni is held by the Serreiary.ia a reasonable amouat to be deterimined by tl�e . '
<br /> ` Secretary. Fsoept foz the monthlY c�rBe hY the Secretaty.these irems aze ralled'�sorow Items°and the su�paid to Lender .. ,. .
<br /> : ,, a�caIIect"Escaow Funds.° � .` _ �
<br /> . . . Iender inay,at any time.�oil�ct and ttotd amounts 5or Fsaow Items in an ag�gate amount not tn eaceed ths mmtimum � . . •�'.'�. ,:,
<br /> nay
<br /> ' � amotmi tLat mrry be required for Eormwer's esacw aaoount under il�e Real Fstate Settlemeat Praoedures Act of 1974,12 , 4 :��" .''z,;,,-_•.
<br /> - U.S.G §26t11 et s�e and implemenung reSutatioAS, TA CFR Part 35Q0.as thc.y maY be�ntended from time w tune ,`..�;`i�✓
<br /> � (°RESPA'}.excePt tbat the cuslrion or reser+e permitted by RESPA bor uaanticipated dishw�sements or dt�butsements be5ore .
<br /> � the Bormwer's payments are ava�able ia the aocoumt may aat 6e bas�d onamounts duz 5or the mort�ins�uance premium- . `� c
<br /> ' . If the amouats held by I�ender for Fssaow Irems exoeed the amounts peratitted w be heW by RESPA,I�nder si�all . ___--
<br /> acoount w Borrowet for the�ess fuads as required by RESPA IP tlse ama�ts of fimdg lssld by Lender at aay time are aut
<br /> � �� su�aeui w pay shc Fscmw Items when due,LendEr maY antifj+the Borrawer aad require Boaower to mak�up the shortsge � ;',��'`; .""`
<br /> _ •�—_
<br /> . � • = as permittesl hy RESPA. `- � ��=•�
<br /> • -.` Tbe Fscraw Funds are pledged as addidonal aecu:iry for att sums scsured by tMs Security�nsuument.lf Baaower teaQets .._ g°�
<br /> . w I�eader the fiilt payment of all such sums.Bormwer's at�oount shall be credited wittt the balance reataiaiag forait insm�mcat � ^ � '�'-�
<br /> • t L e r.d e r h a s ao t beca m e ob ted w a y ta ths . `, ''�,':;�',:��
<br /> �� items(a),(b),and(c)and a�mongage iasuraace premium installment tha as lip P ti�_
<br /> ' � Secretary,and I�cader sbail promptly refund a�r e�ress Punds to Borrower. Immediately prior to a fo�ectosure sale nf thc : •' ��;;;!;,_:.
<br /> , ;�i prpgertq ar its aoquisitioa by Leader.Borrowe,z's acmunt avatl be credited with aay 6alanae rema�g for atl�ents for _._ . �;��_.k�•.��`u_
<br /> a
<br /> nem4(a),(b),and(c)• ''..��'.:�,`:
<br /> , . {1 3. Appllcatlon oi Payments. AIl paymeltta under paragraphs 1 and 2 shari be applied by Lender as follows: `�. „`"
<br /> '" �
<br /> " . .'£ � '.r� �.
<br /> FIIiST.to the�ortgage iasuTauce premium w 6e paid lry Lender to the Secretery oz to the montt�ty cd�arge by the .���.'�'`{.-
<br /> �,�.._ ..
<br /> . ,j Secretary Instead of the monthty mortgaSe insurence P��: '�'�=
<br /> f SECOND. w a�►t�es,speclal assessmenu,leasehoW payments or ground rents.and fiie, flnod a�other I�azard ��' ��%"�:'�:�;,
<br /> . :`� insivance Frem�umg.as required; `��:�;";
<br /> Tf�tD to interest duc wuler the Not� ; :::`� *�'r"'Y
<br /> � � FOU w amort'vatioa of ths prindpal of the Not�and .; � -�i;-
<br /> w late charges due under tt�Nota .�,-�+� ti.
<br /> � ; :�::
<br /> 4. FIr�FLoas aad Othe�F18mrb insuiance� Bortoares shall Ias�ue aU improvemenu an the Pmperty,�vhether naw
<br /> �II Cl(1.4t2II0L' O?St1bSCQUCIIt1}I CICCtCd.B�AiflS1 BII�/�I�C'dSU81t�S.8IId OOIItm$CIIC1C5►�C�ID$ QiC.fOf W�l a.C�C! . . . ,�;l��-*-,
<br /> requires Insurancc. 'Il�i4 iasuraace shall be maintained ia t4e amounts aad for the perinds that I�eader requires. Banawer , . '°::;`��..
<br /> �_ . ' st�aU also iusure a!1 improvemeats on the Propeny.whethet naw ia extsteacc oz subsequently erecte4 agains�loss vY fl��ds � '•=-"�rr"
<br /> `, ta the extent requlred by the Secretary. All�uraaoe shell be cazried wttb oompanies approved lry IRader. Zite insuraaoe , , .;�;�,;�.::
<br /> � . polictes and a�r reaewals shall be heW by Lender and shall include losg payable clausea ia favor o�and in a forai aa�eptahle : '�'"'"�'`�
<br /> . � to.Lender. . �'�-''
<br /> :.�r-- _
<br /> � � ' In We event uf losa.Bonawer sbell give I.ender Immediate noti�e by mafl. Lender may make groof of los4 if not made ;�,�,r-.
<br /> PmmPUY bN Bonower. Each fusuraaoe company conoerned is hereby authorbed and dirested to make paymeat for such Iass . . . �: '
<br /> ... �. � .� directly w I�en,der,IaM1tead uf to Bonower and to LenC..°r Jointty. All or a�►part o#the inswanoe prooeeds may be applieed :
<br /> . i by l.cnder,at ita option,either(a)to the reduaton of tbe lndebtedneas uader the Note and this SecurIry Insttument,&st w ,
<br />-;. . auy delinquent amounts applled in tbe order in parag�aph 3,and thea w pzepayment of prlt�cipal.or(b)w the restoradoa . •
<br /> os repair of the damaged Progerty. Arry aPPlicadnn of the proaeeds w tbe prInctpal shaU not extend or pastpoae the due ... . ��� ;�.
<br /> ',,� date of the mnnthty paymenta which are referred to in paragraph Z,or change the amount of such payments. Any escesg " . � •
<br /> � Inswance prooeedg rner an amount required w pay all outstaadiag indebtedaess uadcr the Note and thia Secutity laqtrument - .
<br /> ahaU be�sid to the entity tegauy entitled tbereto. . .
<br /> In the event of forecloswe of tht4 Security Instrument or ot�uaasfer of title to the Property thaat e�cdagiilshes the . ••�•.,.�: "
<br /> �y � � indebiedae.ss,all right.titte and interest of Borrower in aad to insu�ce policies ln force shall pass to the purchaser. • �, . .
<br /> 5. Occopaa�r,Pcese�vation,Mntnienaace aad P�oiectton oi the Pe+apzrtp;Bonawe�a Loaa Ayyllcutioa;Leeseholda
<br /> •� Boaawer shall occupy.establhb.and use the Property as Bosrower's princIpal residenoe witLin sDCty days after the execution . : .
<br /> of this Security]nstrument(or withia sixry days of a Iater sate or uaaafer at the Property)aad shall wntinue to occupy the
<br /> • Property as Bonower's princlpa1 resideaoe for at teast ane year aRer the Qate oi occupancy,uNess the Lendcr detemilnes Wat
<br /> � requlrement wW cause undue 4ardship Por Bnrrawer,or unicss estenuating ctrwmstances e�dst which are beyond Botrowet's .
<br /> i wnuoL Borrower sba11 notify Lender of any extenuat�ng ctrcumatancea Borrawer ahall not commit waste or desaoy,damage �
<br /> � or substant�ally change the Property or altow the Property to deterlorate,reasoaable wear and tear excepted. l.cnder may ,
<br /> inspect ths Property if the Property is varant or abandnned or the Ioan is in defaul� Lender may take re,�sonable action to
<br /> , , protect aad presetve auch vacant or abandoned Properry. Borrower ahall aLso be In default ii Borrrnver,during the lnan
<br /> � '. ! appllcatlon process,gave materlally false or lnaavrate lnformadnn o:statements to Lender(or failed to provide Lender with �
<br /> . � airy material information)ln oonncction adth the lnan evIdenced by the Note,including,but not limited to,repsesentations .
<br /> '� I concernlag Borrower's occupanry of the Property as a prlaclpal residence.lf this Securtty Instrument is on a learehold, .
<br /> . Bonower shall comply ar1W the provisions of the teasc. It Bonower aoquires fee title to the Praperty,the leasehold and fee
<br /> title shall not be merged uNess l.cndcr agrees to the merger in wrlting. ' �
<br /> .. . � 6. Coademnstlon. The proceeds of a�award or cleim for damages,direct or consequentlal,in co�ection with any �
<br /> candemnation or other taking of any part ot the Propeny,or for comey�ance in place oi caademnation,aze hereby assigned � = '
<br /> and shall be paid to Lender to the ex[ent of the fuU amount of the indebtedness that remains unpaid uadcr the Note and this .
<br /> - � I .
<br /> �
<br /> _ �
<br /> � .
<br /> IiQ��SASKA-PlU►D�D OF 7RiJST(fd�
<br /> :- s�m.s,,.�.���rm,�.c;�.: P:tgc �ot 4 �_ ..- -.— �----�-
<br /> i ' ' .
<br /> ' ��•-_ - -____
<br /> :... . . . . ,. . ,. , .. . - - .
<br /> .'� ... :'� . ... �?I:. �...�. .a� .�. , _ .�.h�.w- 1. ..�:.:..a;-�:.r-.�:..�.,:7�:..ry�. :e]�:.:;.i?�,�''. . -wti�-iF.-i=x'�2i`7+2��.�-.i.t.j�j:�!.+� a.:.yzr.;�d�.r�y � �-��" _ _ :
<br /> . . .. . . . - - - - -- - - - - - -- ' - - - - - -' -- �''v a--
<br />
|