|
. -r. C . �� 4 - , .n r:���` s��� :.. atn.`�u.''� � �� _
<br /> i :c' � c
<br /> . _
<br /> a. �-
<br /> --�-s-z---- . -�c��c�...er.k - - -- � - - - - ,g� - -
<br /> . ;.' . k .
<br /> � r � + .
<br /> . .. - . . ' ��.�.<< ' _ .. .� .r. . _ . ' . . " � G •
<br /> .l '1`�fF. _ t.y .. _.� �..
<br /> . -r t. - �. ,�
<br /> _.. .,." _ _ ' . . - . . _`�yS . �c _y=.. . � .. _ t.� '� _ . _ 4_` . . . . . ,.Y � �a: Y ' f�S L._t.
<br /> " '`. ' . .+ •_ l.. .. �- ' . . . ' � . . ` . � �� . . . } < ,e..y'y..
<br /> • .s;� t ��.<.•4._
<br /> �...� _ . - • :� -r -V " , • .-��- . ' _ � �` { . � , . . • ' �.F's . .
<br /> •f' (-.' � . � . ; - . ,.. - . . �, . -. . �� , - . ' . . '' _ . . ... .. 4. � _ . . F . "
<br /> - -. .�` . . � _ . . . . ' . t
<br /> - . .. . 't _ . ' � - . . . .-. . _ . -Y' , -
<br /> . . [-e � ' � f. ` 1 . . ' l. ` � . . _ . .. . . . � , ' . .
<br /> . t . . � , k• . . _ . . . ` . . �'��. .�ti � . • . .
<br /> .' . ` � -,.1 �- ..c� - ... .'`__._ '"'_ti.._._'1.�. - �� .
<br />. , r._._'.�_.�.. •s� - -
<br />� ,. �, . . �V� �v���� • - � • I�
<br /> �_� .
<br /> � � .'���•`�". � If the amounts held by L�eader for Fscrow Itea�s exceed the amounts pemutted to be held by RESPA, Leader .`` . ,
<br /> �• shall ar.count to Borcower for the excess funds as required by RFSPA. If the amounu of fuads held by L.ender at any - • ��s -�
<br /> "_.—"_r '' 'i"r—. . _
<br /> � rime ate not.sufficient to pay the Escrow Items when due, l.ender may notify the$orrower and require Borrower to ` � ���
<br /> make up the shortage as permitted by RESPA. ` .,; F . . :
<br /> ` ,' ' The Escrow Funds are pledged as additional secvrity for aU�sums s� by this Security Insuument. If ., �"_.• ..
<br /> �' .• � . Bortower tenders to Lender the fWl paymen:of all such sums.Borrower's account shall be credited with the balaace . ' . '<.'=
<br /> � � , � cemaining for atl instalimeat itecns(a).tb).and tc)and a�r mortgage insuranse premium installment that L.ender has _ �; F,'�-,
<br /> . dat become obligated ro pay to the Secretary. aad Lender shall prompdy refuad any excess funds to Borrower. `�: ,' - =
<br /> , ' � Immediately prior to a forectosure sate of the Properry or its acquisition by L�nder. Borrower's account s6a13 be �.:��",:��_
<br /> � . . { credited with any balance remaining for all instaUments for items(a),(b).and(c). "��..;.���_�-
<br /> . . � . ° 3.Application of Pnymeuts.All payments under gazagiaphs 1 and 2 shaU be applied by Lender as follows: ------
<br /> • <'.;
<br /> .': �,to the mortgage insvrauce premiwn to 6e paid by I.ender to the Secretacy or to the monthly charge by the �, —
<br /> � � .. Secretary instead of the monWy mortgage insuiance p:emium; —
<br /> ,` � S n to any taxes,special assessments,teasehold paymenu or ground rents.and fue,IIood and other bazard , . __
<br /> ' � � ` insurance premiums.as required; ;�'_
<br /> � ' t.' `� Third•to intemst due under the Note; , .,4 ''�_--
<br /> . . � _ gqurth'to amortization of the priacipal of ttie Note;and .,�`"''�,` j�a
<br /> �.•
<br /> . "g�$�1,to late charges due under the Note. , '.�'����!+"
<br /> ` • 4.Ffre,F[ood snd Other�rd In.smance.Bonawer shall insure all im}srovements oa the Praperty,whether �'•�:¢`:
<br /> � ` ' now in existence or subsequendy erected,against any hazards,casualties,uW coatingencies,including fire,for wtrich •T- .�.;'����'^'_
<br /> s.
<br /> • ,.;4-•-
<br />- - - • Lender requires iagurance. This �++suranss shall be maiatained in the amonnts and for the periads that I.ender . s�:`:
<br /> .. .. ���:�-�t.�..,_-
<br /> ,. requices. Borrower shall also insare all impmvemeuu on the Property,whether now in existeace or snbsequendy ' .; �.----
<br /> _^��..
<br /> . . � : . e�,against toss by flaads w the extent required by the Secretary. All insurance shall be cazried with companies . `-��,-
<br /> ;: • ' . ' '' appmved by Lender.l7ie insurauce potIcies and a�yr renewals shaU be held by Lender aud shall inctude lass.payabte .. :f°:; �'
<br /> . . ciauses in favor of,and ia a form acceptable to,I.ender. ., ;_—�=•
<br /> � ' '' In the event of loss.Boaower shall give Lender immediate notice by mail.I.ender may make proof of lass if not ,�
<br /> - made promptly by Boirower.Each insurance company wnoemed is hereby authorized and directed co make PaYment � ,`,.:�,�;;�s.`
<br /> , . '; for such loss directly to Lender, instead of to Boaower aad to I.ender joindy. All or any part of the iasvrance � . "-����
<br /> � proceeds may be applied by Lender,at iu option,either(a)to the reducdon of the indebtedness under the Nose aad '�"_r ':`'-�`-�
<br /> � • '_ this Security lnsuument,fisst to any delinquent amounts applied in the order ia paragraph 3.and then to PreP��t :':�:e�•�
<br /> � of principal, or (b)to the restoration or repair of the damaged Property. Any applicatioa of the proceeds to the , � �� �N.
<br /> . . ' principal shall aot extend or postpoae the dn�date of the monthly payments wIucb arc referred to in�aragraph 2,or ' ,, � ���•:
<br /> r. •Y"._--:.:,.
<br /> - • cdange the amo�mt of such payme��ts.Any escess iasurance proceeds over an uaount required to p3y all outstanding ' • �!?,::
<br /> e
<br /> indebtedness under the Note and this Security Insavment shaU be paid to the enrity legally entitled thereto. � , : '���'�
<br /> � � � In the event of foreclosure of this Secarity Insaument or nther transfer of tide to the Property that eatinguisbes � � �=--
<br /> . ' . ... ` the indebtedness, all righe, tit�e and iaterest of Boaower in and to insvr�mce policies in force shall pass to the '� ��`.,:�:
<br /> '. . ' :F Punhaser. :- -��—
<br /> � . 5. Occapancy,Presesvatlon,A9e�te�ce and Pratectioa oY the pi o .. •.•,���
<br /> perty;Borrower's Loan A�pplicatloa; �
<br /> .: _ �• � I.easeholds. Borrower shall occnpy,estabtish,and nse the Prop e rt y as Horrower's principal msidense within sury �:-�'�'�=.�
<br /> � �: days after the execudon of this Secosity��*+��t(or within sucry days of a later sale or traasfer of the Property) � .
<br /> ' � and shall continue to occupy the Proper[y as Boaower's principal residence for at least one year after the date of : . ���:.:�
<br /> occupaacy,unless Ixnder detersnines that requirement will cause uadae hardship for Borrower,or unless extenuating ' '� �• , `�-�
<br /> •. � . , circumstances eaist which are beyoad Borrower's contml. Borrower shall notify Lender of any eatenuatiag _ � .
<br /> circnmstances.Borrower shall not commit waste or destroy.damage or substantial3y change the Praperty or allow the �• . . •
<br /> � Property to detedorate,reasonable wear and tear excepted. Leuder may fnspect the Property if the Property is vacant "''�° �
<br /> � or abandoned or the loan is in default. Lender may take reasonable aalon to protect and presenre such vacamt or - .
<br /> ! , .� • ,
<br /> . ' :,, •
<br /> ,.. ��4RINE1�ssoa�.o� �ep�3 of 8 i�mda�.�+ •
<br /> .
<br /> . ' � ' . . ' _
<br /> '., . ' • ' � • . ; . • �_ '
<br /> - ., � , . ' �^�`^,--,—. .—.�,-..�-------:' . .
<br /> � --
<br /> .1� .. . �..._.._ _. _. _._r—. .. ._ ._ '_—_ _._._'_'____�.—� �._—_ .iJ /i . .. _ ' _ _�. .� t' .. .r.. .._ . . �..._ . . _ _ .._ . ._ ..�l�.i• �5... .f.�__ �. . r �... .. ... . ... . ..
<br />
|