|
�. . .� 4 c
<br /> . ..dm s�., . . •- � . _ L �.; . S�.-W� - -� - t $+`° -
<br />- . ::�i.'�T' '. . .. _ ` . .. __ `-^ � _.-_— _- - "-_ _ - - .: ' i-_
<br /> „��:- . �. .. _ , � . �Y . ' .
<br /> , � t.. ', c , ' 4., . ' :. • '..k �'.-' . _ '
<br /> ..-... '" ' .
<br /> '. . .� '.�. _ ' _' .
<br /> .a�- C
<br /> : '
<br /> � . " : �< <c r ��`. � �... �! ' . f: `_r F `.. -�k � `
<br /> '. , _.-� .: _ . , . . . , .. . ._. . , . . _ _ � .,.� ' ` --' .
<br /> �.
<br /> . . .i. . ., . a;� _ �. �_ .
<br /> '-'
<br /> • � , ,� � . � . . . • ., : . . �.-._i.�- -
<br /> .
<br /> . ' . " . - . �a , �._ ` �� ,4 ' .
<br /> ' ���-� vc,`'� - W � now or hereafter erected on the prop�rtY.e�sd asi easemerns. eP9urten InsUument `..( F, `c
<br /> ` ` ,. i . TO(iE'fHB�WITH a0 Ne h+�Pro�� AO wDtacements And add�lons shaD atso t�e covered by this Secut�y .
<br /> ' • fodures nox ar hereaRer a paR of Ne ProPenY• 4• �< _
<br /> F �,` . ..�_� An ot Me tcregoing ts reteaed to tn thts Secur�l+Instnm�ertt as the�roD�!►� . , . . .
<br /> BORROW6i COYEt�h4t�R8 that Bortowet fs IawNRy seized of the estate hecebY �onveyed and hss the right to g�ant and
<br /> . _ comrey ffie Property an�tAat the ProPertf� is u�encumbeced.�tcBPt tor encumbrances af record. Borrower wanents and wiU ' c
<br />.�,�� .�` .. defend generaIly the b'tt�to the PrupertY againn atl ctalms and demands.subject to any encumhrances of recard.. . ,` .
<br /> � TIiIS SECLIFq71► iNSIFIUMEM combu+es unifom� covenants tbt natianai use end norwnUOrm covenams wRh tim�te6 ` .
<br /> � , � � variaUons by jurtsdktion to const�te a unHartn securdY fnsWment cover6a9�eai ProP�!►• ` .` 4.._
<br /> UNIFOaNI COVENANTS. BOtrowet end Lender Covenent en @fl 81td L8I@ C�18f$P.B.Borrower ShaU promP�Y PaY when •
<br /> . 1. Payment ot Principal and [Atereat;PreRallm `', i.. ,'
<br /> due the D�c�P�of and tnterest an the debt evideRCed by the Note and anY P�PaY�t�^d�����e under Me Note. '�'
<br /> ' �.,.: .� te Iaw or t0 a vm'tten waNer Cy Lender.BoROwer shaii pay • -
<br /> � . 2. FunrJs tor Taxes and tnsurance. srotecc m aov� .
<br /> - • , -�"� to Lender on the day monthty payments are due under ths Note,unUl ths Ntote ts paid in tu0.a surt►('Funds')tor. (�Yeho1C � � •
<br />,`k(. - ; -;�=-�-°,"" � mzes and assessments whtcA may a t t e t n P r i o ri h� over t�is SecurIIy tnstsument as a Gen oa the Properry: N1 fto�od 'msurance � . �
<br /> ,.-�.-;=� payme�ts or graund reats on ths Praperty. il eeY+ I�?Ye�l►hazerd or PtoPertY tnswance premvms: (�Yea�Y ` :
<br /> mo e insurance premiums.N enY:end(fl enY sums PaY��by Bocrower to tender itt&CCOtdBnCe
<br /> ' � premiums. i�any:(e)Y�rtY ►�Sa9 "� ,� - . -
<br /> withh the pruvis+ons ot para9BDh B� � �u ��e payrtreni of moriga8e a►9urance Prem�ums. Thase �� ��d��w �
<br /> '�� � " ��m�• ���may� at any ttmg,co�ect and ho[d FundS in en emotmt not tn exceed the cna�a�um emount a tenQer fm a
<br />-('.`, .
<br />�: ` - tedecauy cetated mort9aSe toan may requue tor Borrowers escrow account A�un�ss enothe��ePPGes to the Fund � . -.. .
<br /> � - A c t o f 1 9 7 4 a s a m a n d e d fr o m t f ine to Nm& 12 US.C.�2681 et Seq. ('� 9. �
<br /> �:, . . sets a lesser NmounL Ii so.Lender may. at any Ume.coflect and Ao[d Funds in an amoun t�o t t o e x c e a d t h e t e s s e r a mount ,
<br /> :,.:i. , '�*_.� Lender may estlmate the emoun t o f F u n d s d u e o n t h e b a s i s o f c n r r e n t d a t a�►d reasonabla est&nams ot e�end3ures of tuture � . .
<br /> x,�'•. . , ... , r' Escrow Items or otherwise in sccordancs wdh aPPlkeble Iaw. • =�---
<br /> ' �.� , The Funds shaU be held'u►an instduttcn v+hcse depos�ts ate insured by a f a d e r a l aSsnaY.insWmenffihty,or er�ity(tncG�dmg :
<br /> ' . . '�` Lender. �Lender Is such an instiNtion)or in any Fedsral Hame Loan Bank. L�nder sha0 eADN the Funds to PaY the Bscsow '�:.,�.-
<br /> , ' Items.Lender may not charge Borcower for hotding and ePAtying the Funds.annuslty enaty�9 th9 escruw accaunt,or veritytng �
<br /> ri; Qcabte law pem�fts Lettdet to make sucn a ,,'�:-
<br /> r... � tt+s Escraw Items. un[ess Lender pays Bartower interest an tfle Wads an�d �pindepenQant reat estate tax reporting servlCa "��•'�'.. --
<br /> " . " char�gg. Ftoxever, Lender may �eQutre Borrower to P8Y a onatlme charge ent fs made or -
<br />��y;- . . used by Lender rt� cennecUon w�Th thls laan, untess aPPI'�a.0te tav� pravldes othenwis� Untess an aSreem . L • --
<br />;_:r;J�:.�,. a pfr:abta law requrces interest to be paid. lender shaU not be requked to Vay Borrower arry irttetest or eamings on the Funds. _—_
<br /> " p ln w r i t i ng,howev e r. t h a t i n t e[e s t shatl be pald cn the Funds. I.ender sfia0 gtve to Barrawer.
<br /> ',;,,�, . . Borrovier and Lender may ag�ee , ,,:�_
<br /> ° � � %�l-: �•�.��° w3haut charge.an ennual accounNng of the Wnds,showing credns and deb�.s to the Funds and the purpose tor whtch each
<br /> � ' debd to the Funds was made. The funQs ere Pled9ed as sdd�onel secuni Y tor aft sums secured by Me Securt tyt Instrumen� �,.: .,:�� �
<br /> 1.,,.., ' _ �r
<br /> s:.r- �. . fl the Funds held by Lertder ezceed ffi0 emount5 pertndted to be he(d by Bpplkable Isw.Lender sha(1 account to Borrower ;��,
<br />"� ' • for the mrcess Funds tn accordence wdh tha reGu6ements of appQceble taw•��the amount ot the Furtds fietd by Lender at any �
<br />�.�,i' •_. � . . .. .. tune Is not sufHctent to pay the Esc%s '�to make p the deflclency.s Borrowar shaUemake�up�he deficiency in n�o more than --
<br /> ; �.., �'` shall paY to Lender tAe amount ec ar7l
<br /> ����_�
<br /> . �...�_.�: •, ?�?Ls��:
<br /> � ' tweNe monthty payments,at Lende�s sota diseretfan• �tund to 8orrower any FunQs .. •
<br /> . . . . Upao payment(n full of all sums secuced by this Secur�y Ins7ument,LenQer SheB promDUY
<br /> .� � hetd by Lender. If,under paragrepb 21. �-ender shall acqutre or se�the PropeRY.Le�der,p�or to the acquisdlon or Sale of the n,',...`..��`
<br /> °','� �� �`1 Property,shall apPN enY Funds heid by LenQer at the Ume of acquis�ion or sate es a cre0it agatr�st the sums secured by ffifs , �r �—
<br /> � ` 3ecurity Insuumen4 ` -_�
<br /> s`;:�:. � � 3. AppUcation of Payments. un►ess ecpncab�e raw pro�aes omerwke. an v$s�et1� ���� by �¢er under —
<br />�'." . paragraphs 1 and 2 shan 6e appQed: ftrsL to any prepayment charges due under the Note:second,to amounts payabto unQer �-_
<br /> parag�raph 2;thhd,to interest due;touRh,to princlpal due:and Iast,to any late charpes��e�d Impos o s atbibutable to the . � •� +�:
<br /> �•� � ' 4. Charges; Liena eorrower SASII pay 811 texes. assessments, charges, � !,-
<br /> ' � Frepert�t which may attafn prior�y over this Securiqr Instrument,and teasehold payments or ground tents. it anY• Bortower shall =...�,:�Y
<br /> - pay these obligatlons in the manner provlded tn Para9�Ph 2, or ff not pald tn that menner.Borrower sha11 pay them on tlme :�';�_
<br /> �'<`� � �� -' � � dtrecttyr to the person owed paymen� 6orrawer ShaA pcomptty fumish to Lender aIl notices ot emounts to be paid under this .-_
<br /> � paragraph. I! Bortower makes these payments dtrecty. Borrower shab promptry fumisb to Lender recelpts evldenaing the �,Y,�w'
<br /> , " � payments. �
<br /> 8orroµer shall prompty dLscharge any�ie+i wh[ch has prlorityr over this Security (nswment unless Borrower. (a)agrees� �. � `:r��_
<br /> writfig to tne payment ot the obttgatron secured by the Ii�n In a manner acceptable to Lender, (b) contests In 800d faith the „;.;�_:
<br /> � � ��. Iten by. or detenQs agalnst entorcement o1 the Ilan In. legal proceedings whtch In tne Lenders opinion operate to prevent the .:�
<br /> , �• ent satLSfactory to lender suborCinating the II�n to � _
<br /> " • enforcement ot the Iten;or(c)sec+ires trcm the hotder ot the Uen en agreem
<br /> ��f�; . this Securay Insuument If Lender determines that any Part of the Property is subject to a lien whlCh may attah�priofdyr over this _
<br /> �.-•; . . Security Instrumant.lenQer may give Bortower a notice ldentiiying the lien.8oaower sha0 satisty t1�e I'�en or talce one or mare ot -
<br /> � tt�e actions set foRh above withfn 10 0ays of tfie glv�n9 of notfce. -
<br /> �''��- ''' ° 5. 118Z8fd or Rroperty lasurance.Boaower shatl kaep the improvements naw exlstfng or hereafter erected on the
<br /> • - - Property insure0 against ioss by fire, he�ards i�cq�daC ::".':=^. !ne tetm "extended covaraqe°and any other hazards, inctuding
<br /> � floods or tloodtng,for which Lender requUes insurance. Thls Insurance shall be maintalned In ehe emounts and for the perlods
<br /> that Lender requtres. The Insurance carrler provlding the Insurance shatl b9 chosen by BoROwer subJect to Lendets apptoval
<br /> �� ' whlch shall not be unreasonaby v�ithhetd. It Borrower fal(s to maintain coverage descr�bed ebove, Lender may,at Lenders
<br /> option,obtein coverage to protect Landers Aghts 1n the Proysrty ln accordance witn P�9�Dfi�• •
<br />�: ,.',. ��� Atl Insurance paUCles and renewals shall be acceptabte to Lender anA shall Include a standard moRgage clause. LenQer
<br /> i`.�; . '' - shall have the right to hold the policles end renewats. If Lender requUes,8ortower shaU promptty gtve to LenQer a0 receipts o}
<br />�' pafd premiums and �enewal rtottces. In the event o1 loss,Bortower shall gNe prompt noUce to the Insurance eanier and LenQer.
<br /> ,�. � ` Lendar may make proot of loss H not mad9 pramptly Dy Boaower.
<br /> ' Unless �enOer and Borrower otherwlse agree In w+itln9� insurance proceedS Shall he applted to restaraUan or repafr o1 the .
<br /> .��.{. . � , Property damaged, R the restoretlon or repaU is economlcetry taas�te and Lenders securiry Is not lessened.I1 the res2oration or .
<br /> • • ' repair is not economtcatly teasmle or Lendefs security would C9 lessened,the insuranca procee0s shall be applied to the sums
<br /> � " secured by thi9 Securityr Instrument, v�hether or not then Cue, witfi eny e�aCess paid to Borrower. lf Borrower ebendons the
<br /> • Property,o� does not answer withln 30 days a nottce hom Lender that the Insurance Carrler has ofteree to settte a clahn,then .
<br /> Lender msy collect the insurance proceeds. Lender may use the proeeeds to repab or restore the Properiy or to pay sums
<br /> secured by thts Securftyr tnstrument,whether or not thea dus. The 30�day perlod will begin when the notice IS given.
<br /> • Untess Lender and Borrower otheryvlse agree ln wriNn9. anY ePA�katlon of proceeds to prinClpal shall not extend or
<br /> �'` postpone the due.date o1 the monthry paymerds reierred to in pa►agrephs 1 and 2 or change the amount ot the payments. If •
<br /> �`". .f� , � damage�to�hehPropertyPP�cr to�the ac4ulsition shaflr�p85s�t wlendetht0 the extent 01 t B�SU,ms by hlscS Curdy InsVument - �-
<br /> `�'� • � immedtately prlor to the acqulslUon. �
<br /> � 6. Occupancy, Preservat�on, Malntenance and ProtecUon of the Property; Borrower's Loan .
<br /> ��I� � Applleation; Leasehotda eorcower shan occuoy, esYahllsh,end u58 the PrOperty es BOrtOV�et'S prinCipSi tesidenCe within • .
<br /> ' � � scdy days after the execution of this Security Insirument and shall conNnue to occupy the PropeRy es Bortowers principel
<br /> ' ' � resldence for at teast one year after the date ot ocCUpBncy, untess Lender othernise agress In writing� wh�h consent shall not -
<br /> ' be unreasonabty withheld,or unless eutenuating circumstances exist wh�h are beyond Bortower's control. Borrower shall not .
<br /> destroy,damage or ImpaU the PropOrty,a�iow the PropeRy to deterlorate,or COmmri waste on the PropeRy.Bortower shatl be in .
<br /> � ne}orteitu erof t�e PrOperty or�ot�erwise meterlally impatr thertien c ea'ted by9hls Secu tyensUum nt orLendaPs SeCUrityulnterest �
<br /> �
<br /> .., ,
<br /> , �
<br /> -- - : i �/ > � ' .
<br /> � 'i F+316ltLa Iti97) PipO�01 S ' ..
<br /> -_: .. .____.... . . _._ �. ._ ----�-
<br /> tlr ' �
<br /> 98018
<br /> .
<br /> , . ' _ " - _ — ` .
<br /> �y. - . _; e. .y,�. y...,. �.,.`.qi�?�:L,: 2�i�'1�..d�
<br /> ..._., . .:n.. i..a]1.i�a.,��
<br /> .
<br /> . . . .
<br /> +�
<br /> .,�y�u..ti
<br /> ,..
<br /> ...,
<br /> '( .. ..__cr._..� __. �.- .. . . . • _ . -� .. .� :.. . � . .- .. . _ -. . ..� . . . .� ,_d '• . _.• . .. . . . . ... . .... .... • . . ,_ ... .. . . - �-s .
<br /> w� ;�T
<br />
|