|
_^'°",i.a_":.::��.s _ ' ,_�; ` :i._ U _r_��I,_:
<br /> :_ .__ _ __
<br /> .��h - . __ --_ <. ___ - — _ . _ ___ _ — __— _ _ — _ .__ . —�-._.
<br /> R
<br /> .._ (� -. - 4� . . � .� ' � ' � . — __
<br /> , , t
<br /> , ..
<br /> . . ... . . _, _ . r . _ ' . ._.
<br /> _ �
<br /> . . R S .
<br /> ,
<br /> . . , �, , r. _ . -
<br /> . �
<br /> r c
<br /> .
<br /> � -� ' F�F �-.A� `_n
<br /> . .� . .\ - �=."1 ___'"_i._ .. 6 .-.i-,.�.+.aw.—.�. . ___"---"___ ..�. ..m_�,�w.�.�.� �' :
<br /> � c .
<br /> ' • ��:
<br /> . �``�. •. � Bortvrl8rs eserow account under the ted�el Rsal Esffite Settlement ProCeOures Act o1 197<Bs emended hnm time to tlmB. 12 US.C. . ,
<br /> ` • •3 ?�6p1 et seq-l'RESPA•�.untess another�aw thai 8ppuas to the Funds sets a tesser emourr� If so.I.�der may.at any tlm9.coII�t and - `
<br /> � ' � ` Aold Funds 6n an amount not t0 excsed the lesser amount Lender enay esWnato Ma amount of tunQS due on the basis of current data (� . �y • _
<br /> .. .., �� an0 reasonabte estlmates ot espenQaures ot tuh�re Escrow It�ms or otherwtse tn accotdance wnA 8pp�ab�law. �" .'::.:'`�:,.�`
<br /> ? � �. � the Fu�sds shatl be held In an UufHuUan whose deDasits ere bisursd hy a federal e8eney. instromenffi1rtY. nr ent�y (hulud�A � �'' '�� �'.^, . ,. :
<br /> ' ' •`:� � LenQer. d Lender ts suCh an insb'tutton) or in any Federat Ftoms Lcan Bank. Lendar shaU aPPN!he Wnds to pay the�saraw Items.�:. �,' °•'
<br /> - � Lender may not eharge Borrower tor holdmg end apptying the Funds, annua6y anatyzing i�e escrow aceount,or veraying the Escrow� . .
<br /> - . � .+'. ,
<br /> ' ��:-" � Items,untess Lender pays 8oreawer interesi on the Funds and applieah�lavi permRs Lender t� make sucA a cnarge. However.L�d�r� � �
<br /> < � ' may requaa Bcrtow¢r to pay a on�time charge Por en irsQepenQent cesl estate tmc repoRing sarvke used by Lender(n aannecHcn w@t►� ' . .. . ,
<br /> � � ..;
<br /> , �.• , ' , " tRis toan.anlass app�iCaD[e taw provides otherveise. Un�ss en a�eement ls made or appEeeb►e Faw requtres tnterest to be paid.Lender� :•. 'i...�°
<br /> � .;.�,.: <��'
<br /> "� s��� sha�not bs requ8ad to pay 8orrower eny interest or eamings on the Wrtds. Bortower and Lender may egree In writhfQ, hawevs�,t�at� •
<br /> .. �.-:="�•1'-�. - interest sha11 0e patd on tAe Funds. Lender sAaO give to Borrower, w3hout cltarge, en ennuat eccauntbfg of the Funds, showtng }-r.-�--
<br /> __�- ,f`� credds and debds to tha Funds and the putpose fot whkh eSCh debi!to ths Funds�+ras made. The Funds 8re ple0ged as aQd�lonal ��z' _ '_'
<br /> . � gecurity for aU sums secured Dy this Securdy InsVumenL .
<br /> _ If the Furtds held by Lender�cceed the amounts pem�@ted to be held by applieahla faw,Lender shaU aeeouni to Bocrower for the ' <
<br /> ,t.
<br /> - exeess Funds tn eccordance with the requir�emments of appGcab�law. if the amount ot the Funds hetd by i.ender et eny tims is nat '
<br /> -- ._._ " SuHict�t W pay the EsCrow Ilems when due.Lender m3y so aot�yt Bortouv�6�wr3irtg.BnQ.6t SuCh eese Borrow8r shell R8y to lender . `.�.-=�.-`
<br /> �•-
<br /> � � the amount neeessery to make up the deftciency.8ortower shaU meke up the deftciency in no more than twefve monthry payments.at �� •
<br /> . , < . .±<
<br />_.r Lenders Soie discretlon. �_„�:
<br />;';.. -� Upon payment�tu0 of all sums secured by this Secur�ty lnstrument,Lende�shall pmmptty refund to Borrower any Funds hetd by .::��--
<br />` ,` � Lender. If.under par�qraph 21, Lender shall ecqurte or seU tha Property,lander,p�iar to the acquis�Tion or sale of the Property,shall �`� . . � .-
<br />_ ' . � , = appty any Funds hetQ by Lender at the time oi acquis�ton or sate as a credB against the sums secured by this Secucfly InsUument ; _ '��
<br /> `�� 3. Application of Payments. Uniess appGcable taw provldes aths�wise.aU payments recehred by Lende►under paragraphs , —
<br />=i� . : 1 8nd 2 shell be a lied:fast,to en a t Ch ! '�.=
<br /> pp' y prep ymen arges due under the Note;second,to amounts payabte urtder para�fi�thhd
<br />- � . � to fiterest due;taurth.to principal due;and last.to any late charges due under tPie Note. � `�
<br /> .r`: �. -� 4. Cft�gE� U@tIS. Borrower shall pay ail mYes, assessments, charges, fines and fmpos�tons atmbutabfe to tha Proparty ..�
<br /> which may att�r► prtor�y over ttits SecurRy Instrument, and feasenofd payments or ground rents. A any. Borcowet sfial►pay these - --
<br /> r-.=. '-- � .- ob.�ns tn tAe manner providad si paragreph 2.or if not paid tn that manner,Borrower shaD OaY them on time dUeCtry to fl�e person �., ��
<br /> . '•: owe0 paymanA Borrower shall promptly fumish to Lender ail notices o}amoun�to be patd under this paragraph. If Borrower makes • �'`` �� _.
<br /> �`''' r these payments dt�ectiy.Borrower sha0 promptry tumtsh to Lender receipts evtt�cirtg the payrrtents. ` �z=--
<br /> ....Ni_ _ ' . .J�', . ' �_,_-.
<br />., . , • ';< Borrower shatt prompUy discharge any lien wAich has prtority over this Securityr Inswment untess Bortower.(a)a�tn writing to �' ;� � �=
<br /> '` the payment of the abUgatlon secured by the Ifen In a manner acceptable to Lender; (by contests In good faith the I'�en by,or defends _ . .r.__�_
<br /> .•�r.:_ .. - - -- -- �-
<br /> --`•``,%', • agatnst enforcemen!af the�en(n,tegal proceedings wAtch in the Lendsrs optnTOn oparate to preveM ths entasoement of the I�n;or(c) -
<br /> '. . secures from the he3det of the Iten an 8greement satfslactory to tender subo�attng the fien to Mis Secu-�yr lnstrum�nL If Lender . ,.�y;:. _
<br /> .' • Qetermines that any part ot the PcapeRy ts subject to a I�en whtch may attatn prtor�y aver this Security InsuumenL Lender may glu9 � ` �� ' ;
<br /> � � . �, Borrower a notice iQenticymg the Iten. Borrower shan sattsy the Oen or take one or more of the acttons set brth abovs wr'thin 10 days �� '"•�
<br /> . � .. �� at the giving of notice. Y �
<br /> ';•••�
<br /> r.-�±�
<br />, , � �. • . 5. Hazard or Property Insurar+ce. Borrower Shall keep the irttprovements nOw exlsttng or heresfter BteCted o0 tl10 • -
<br /> • � , � Property insured against lOSS by fue, hazards inCtuQed wfthin the tertn extendeC coverage'end any other ha�rds.6►CNding flonds ot . , -_
<br /> ;� , � . flaoAing, for whfcn CenCer requUes �nsurance. This insurance shall be mai�ffiined in th6 emounts and(or the p8ttods that Lender � ` . °_
<br /> � -- , -��� - requtres. Tha Insurence cairfer providing the insurence sha0 be chosen by Borrov�ei subjed to Len�e�s approvai whfch sh80 not be :=�=-
<br /> . ,��•�.�
<br /> , . `��_ �� unreasonaby withAetd. N Borrower taits to mainffiin coverage descfibed above.Lender may. at Lenders optfon. obtain cavareg0 to . :�r--
<br />. • � �. protect Lenders rights In the Property in accordartce wftA paragraph 7.
<br /> .�Y,�
<br /> ' � All insuranee poiicies and renewa►s shau be acceptaEle to lAnQer and s�ell InCtude fl standard mortgaga cfause. Lendet Shall heve . r ' ' =
<br /> �..
<br /> tha right to hold the policies and renewats. If Lender �equtres. 8oaower ahau promptry gNe to Lendar all�ecelpis ot pat�premNms � � . '. �
<br /> . . � �°f and renewal notices. in the event oi tass,Botsower ss�ali ghr8 prampt rsotL^a t0 the Insutence catrier and lender.Lender mAy meke - - -- _ =_
<br /> � i proof of toss if not made prompriy by 8orrower. ' `-_
<br /> �� .-� Untess Lender ared 8onower otheiwise agree in wrttfng,insuranee proeeeds shall be app0ed to restoration ot repaU of the Property
<br /> �:. • � ' damaged, if the restoration or repab is economfCalty feasibfe and LenQers securftyr ts not lessened if the�estoration or rBpaU i9 not ' ,, _
<br /> ;'..`. .• . . �'� economtceity feasmte or Lende�s securiry would be tessened, the insuranca proceeds shaU be applled to the sums secured by this --
<br /> , Securityr InsVUment, whether or not then due. w8h eny excess paid to Bortower. If Borrovrer abendons the Property, or Eaes not . ..
<br /> � �� 8nswer within 30 days a notiCe from Lender that the insurance car►ler has ottered to se;tte a claim, then LenQer may coilect the :�� �
<br /> � . , insuranee proeeeds. Lender may use the proceeds to reAsir or restore the Property or to pay sum9 secured by thls Security .. �� .
<br /> InsUument,whether 0�not then due.The 3ad8y pBrioA will begin when th0 notice is given. �� � • '
<br /> � . �� Untass Lender and Bonower otherwise agres in writng, any eppltcation of proCeeds to prtnCipB�shali not extend or postpone thA •
<br /> ' � due date of the monthy payment9 referred to fn peragraphs 1 and 2 or chenge the amount of the payments. If unQer paragreph 21 � . ' '
<br /> , the Property is ecqutred by Lender,Bortowers rtght to any insurance poncies anA proceeQs resufting hom damage to tfie FrcDerry pdor _ '
<br /> �t • to the acqutsittan shall pass to Lender to the extent of the sums secured by this Security Instn,ment Immediatety prlor to Me '
<br /> ecquisftion. ,
<br /> � 6. Occupancy. Preservatlon, Maintenance and Protectlon oi th� Proper�; BorrowePs Loan �
<br /> � Applica9ion; Leaseholda Bortower shall occupy.estsb8sh,end use the PropeRy e9 Bonov�et's prhCipel residenCe within S6Ry
<br /> � . days after the executton ot thts Security InsWmeM and sAatl continue to occupy the Property as Borrowers prmcipal residence tor at •
<br /> • � Ieast one yeat aRer the tlete ot oCCUpancy, uniass Lender otherwlse agrees in wriltng, whiCh consent shetl not be unreasoneby •
<br /> - • withhetd,or untess extenuating ctrcumstances exist which ara beyond Bonovrer's conUOl. BOrrowe►Shall not desvoy,damage or Impair �
<br /> the Property,a�bw the Property to deteriorete,or commit waste on thg PropeRy. Bortower sha0 be in defeuit il any forteiture acUon or � .
<br /> � • praceedirtg,whelher civil or criminal, is begun that in Lender's good faith judgment couid resuR in toAeiNre ot the Property or otherv�lse .. . �
<br /> � materially onpav the lien created by this Security InsVumenf or Lender's security interest. Borrower may cure Such a defauit and ' �
<br /> � � � reinstate,as provlded in paragraph 18, by causing the action or proceeding to be Eismissed wRh e ruling that,in Lendels good faith �
<br /> . , determinetlon, prectudes torfeiture of the Borrower's interest in the Property or other materal impairment of the lien created by this �
<br /> ., Security tnstrument or Lender's seCUrdy intetest. 8ortower SheB e�so be in del8uit if Borrower, duting the loen eppliCatlon proCess. � .
<br /> . : ': gave materialry lalse or inaccurete informatlon or statements to Lender (or teiled to provide Lender w$h eny meterlal lntortnalion) in . ,
<br /> ' .�
<br /> connection with the loan evidenced by the Note, mcluding,but not limited to, representatlo�s ConCeming Bonovrer's occupancy of the �
<br /> ' , i ProOerty as e princlpal resldence. If this Securiry Instrumeni :s on e teesehotd, Boaower shall comply with aU the provl91on9 of the :
<br />: . ' �ease. H 8onow•er acquues fee tdte to the Property,the Ieasehold and the fee tftle shall not merge urtiess t48 Lender agrees to the
<br /> , merger in wrRing. .
<br /> , Fo�m 30?9 C/90 .
<br /> � , F�OY9LMG(�0/�T) �age 2 0l 5
<br /> _... . _
<br />. .r.��° " � � ....._. _.
<br /> - � .._.. . _.
<br /> . f---_.—_ _-___
<br />., ' . _ 6� � . '
<br /> .-.r ...�—�.+�. , . . . .. . � . . �. �� . f�. , r--"�'---- � ._ . . . .. . ... • !�_ . � . .. . . [i�. -. t:. . ��..Y:' .
<br /> I�"�"�:Z"�^'
<br />
|