|
.:,sy3 . . . . . � . ' � '<,� s. �e_i. s `�
<br /> . . � ,
<br /> .—, . . .,- . . .r�. _ - � �,. ' '
<br /> __- --�-- -� --- - -- - � -�-`---- -—� -- - - - - — -- - -
<br /> . ..F..,�. ' . ,. -S ' c ..'. ._r_=�_ _' ,� — _.4 __. -i._,--"' ' _
<br /> '�G: • � . . . L`� . . . . . .. . - ..� , .. ` .
<br /> [ t. `i
<br /> ,�
<br /> .. . . . . ` lF. , 1 :'F_ � . .- — � �l •; l '•.�. C � .1•_S�r� -
<br /> � a
<br /> .. . . � .� .[ � , � 4
<br /> . _ "'G . �". __ � .�� =t ., . � . . . . _.. ���t '�, � [t � � .
<br />� . ` , �� <- k . S- ! .�......_.._ ` C . �.�t.. —t��__W�_�__ .,c_i�..,..._... G. .,� 'C'. .
<br /> ....� ` • , ;�� t``� `4[�� �� .
<br /> ' .. , • � '. Cti�c`.., .
<br /> ' � � � Lend$r may.at 8ny thne. coltact end doid amaunts tor Escrow items 4� an aggregats amoun! not 4o exceed the rtraximum .. ` :t-� . - � `
<br /> ` . °•�',. emount tRat may be reqult�ed tor Bortawer'8 escrow ecoouat under the Resi Estate Settfement Proeedures Act of 1974, 12 US.C. . ' : .
<br /> d ,, � ..
<br /> -:< <... .,. _ < - :
<br /> ` ' �2601 � es�q,end brtt0�menting re9ulation9.?A CFA Part 3500.as they may be smended from time to time('FiESPA).excePt ; _
<br /> � � ' '�` � that the cush[on ar reserve perm�ted �y.F�SPA (or unentic(�ated dLSbursem�►ts or disburs�nents betore tha Bormwets
<br /> .�� '�.. � "'�
<br /> � . ' ' payments are avatlab�in Me accourrt may not be based on amounts due Por Ne mortSaSe tnsurance Oremtum. • , `
<br /> , � {t t�ie amounts hatd by LenQer for Escrow Items exceed the amounts Dertn�d to he t�efd by RESPA,Lend�sha0�count f.�-<• � .��:'
<br /> ��c" • ' ,:<i to Borrowet fot the excess Wnds es required by RESPIi if the emounis of(unds held by lender at eny ti�era not suffdelent to ; �: ..:.•. •
<br /> - pay tne E'scxow Items when due.l.enOer may natify the Bonower artd requ6e Borravr�to make up ihe shortage as permffied by . _
<br /> • ( RESPA � . , -
<br /> ` . - .�.�-=',�. 4he Esuow Funds ere pteQgsd as aEddlonai secur�y for aD sums secured by this Secur�yt tnstrumenL H Bortower tender�� _ ,,
<br /> - tc Lender the tuU payment ot a0 sueh swns. 9omotm.�s estoun!sha0 Ge aedded w3h the t�lartee rematnfig tor a�tnstelanent� - —
<br /> ` < items (a), (b),and(c)and eny mortgage 6nsurenes premtum InstaUment that Lender has not become obl�gated to pay to the
<br /> . Secretary.ar�d LenQar sheU prort�iry retund eny excess funds to Borrower.lmmedtatary pdor to a toreCtosure sate of the ProAerty�
<br /> - • �• - or fts BCquisR[on by tender.Borrowefs accoun3 shall be credded vrith any balanee tamatning tor all instaldnents�or�ems(a�,(b�� • � • • .
<br /> t� ♦ , ( . ..Y...�. "
<br /> ;- �- and(C)• .�'_.'"
<br /> ,� , . ; .. �
<br /> � ��- ° .
<br /> . 3.AppliCBtlOi!Ot PSyrt12i1tS.iN paymenLS under Peragraphs 1 and 2 sha0 be apn0ed by Lender as foffows: � ..r,:
<br /> - _ ,,�`. , FiiSt,to the moRgage insuranee premium to 6e patd by Lender to the Seecetery or ta the manthly chargs by the S�cretaryr � . �- �-:_
<br /> •
<br /> . � instead af the morrthty mortgage(nsurance pre.rntum: .••�r`�"••.
<br /> � ` � S�rid, to any taxes. specfal assessments, leasehotd payments or ground rents. end Nre, f(ood end other ha�rd
<br /> �� _ z .
<br /> ` � - tnsurance premfums.as tequ(te� <•'�'"'—
<br /> • . : Third,to mtarest due under the Not� < ..
<br /> .. ,
<br /> � � , FOUr4Il,to emoNmtion of the prfnGlpat of the Note;and �, '
<br /> `,;`�� Fiflh,to late char8es due under the Not9. `!:. •��.,�.---
<br /> ' 4. Flre, Flood end �the� Ha=ard fnsuranae. Bartower shali tnsure aU improvements an the Property. wnemer '� .i-�$
<br /> - - �' now in existence or subsequenty erected,.ag�st enY Aa�ds. casua�es. and conUngenctes, mcNdfng tUe,for vfi(ch Lender �
<br /> .: ;. .,"
<br /> � • �� •� requires insu�ance.This insurance shaD be maintained a� the amourns and for the pedods that Lender raquUes. Bocrower shaU . . �r
<br /> � r�.' � a�so tnsure all Improvements on the Property.whethar naw in e�ctstence or suDSequently erected,against toss by floods to the �.�±7�:rt-:
<br /> '.�r.. ,�.;,-,:,:
<br /> ' • extent requtred by ttie SeCretary. AU insurence shall 6e certied wdh Compantes approved by Lender.The tnsurance popcles end ,-:;
<br /> � •• arry ranewals sha11 be held by Lender end shaR inctude loss payahte Cteuses(n favor of.end in e Porm ecceptebta to.Lender. .+;. .'�-r�'.~'��'
<br /> . ,L:'�'z:.
<br /> . In the event ot loss. 8orrower shall Blve Lender trnmediate notice by mail. Lender may make prooi of loss B rtot mede �; .t'�:•�
<br /> � . promptty by Bortower.Each msurance company concemed ts hereby authorhed and dfrecied to make payment Mr such loss - :��„�o.
<br /> �' � - directty to Lender,instead ot to Borrowar and to lenEer jointiy. A11 or eny pert of th0 tnsurance proceeds�Y �BPPQed bl' �'�
<br /> � Lender. a! fts opUon.eftder (a)to the reducUon o!the indebteQness under the Note artd this Securfty �nsCument.fGst to any : ��;
<br /> , . � delinquent amounts appited in the order fn Paragraph 3,and then to prepayment a!pfinc(pal.or(b)to the restoration ot tepaU of • __-
<br /> ,� � • the damaged P�operty. Any applicaUon ot the proceeds to the prtncipat shaU not extertd or pos�one Me due date of the , �T�,;-�f�
<br /> monthiy payments whkh are referred to 6n ParaSraph 2, or change the amount of sucA payments. My eoccess tnsurance '
<br /> � -� proceeds over an amount required to pay eU outstanding tndeb4edness under the Note and this S2�urfty Instrument sna0 be paid �.�'"�_
<br /> , . .�_
<br /> ,. r. ,.. �:
<br /> ' � to the entiry legaly entdled thereto. �
<br /> ...
<br /> ---:. ._....•_...: . :.,. ,.,... .. . :.i�
<br /> ' 'a: In the ev�nt of torectosure of this SecurRy Instrumant or other transfer of tiUe to the Property that wcHnguishes the . `±�'=.za
<br /> indebtedness,811 tight,titl9 8nd intefest Of BortOwer fn end t0 inSU�BnCe poliCies fn fOrCe Shall pass to the purCheser. � `x-;,�y
<br /> � . � 5. Occupancy, Preservation, Maintenance and P�rotectlon ot the Pro erty; Borrower's Loan ' �'� `' �^
<br /> ;:,: � . . .,�"%'�=�
<br /> • . AppliCeUon; Lee�sehold9. Borrower snan oecupy,estab��sh, e�a use ine Prooerty as eonowers p��no�a��s�dence Wsn�n . ;;�__
<br /> . • , satyr days after the execuUon of thfs Security Insuument(or within sbRy days ot a t8ter sate or bansfer at the Property)and ShaD -=n=-
<br /> � � • continue to occupy the Property as 8orrowers princtpal rastdence ior at least one year afte►the date of occupanay. un�ss • _ �.'+�
<br /> � � � � � � Lender detertnines that requKement w�l cause undue herdshlp tor 8oaowe,or untess e�enuating c�cumstances e�dst whbA ert7 ; �.- !�":_
<br /> ... • ,; beyond Boaowers contraL Borrower shall not0y Lender ot any extenuating ctreumstances. Bortower shell not commR waste or • .. "�;�•
<br />• desuoy, damage ar substanttauy change the Ptoperty or atlow the PropeAy to d8teri0rete. reasonabte wear and tear�ccepted. . . .,
<br /> ' � 1 ' Lender may inspect the Property if the Property is vacant or ebandoned or the loan IS In detault Lender may teke reasonable : '�T:�:°-�=�_`""
<br /> � action to protect and preserve such vacant or abandoned PropeRy.Borrower shait aiso be In defauft N 8orrovrer,QuMg the toan '�, . .
<br /> ' . �• applicaUon process, gave materiaily ta�se or Inaccurate Intormatton or statsments to Lender(or faifed to provlQe Lender with any ' .
<br /> -- material intormation) in connecqon with the loan evidence0 by the Note, IncNOing,but not Iimited to,representattons conceming • •
<br /> � � • � Borrowers accupancy of the Property es a principal�esldence. if thts Seeuray instrument Is on a teasehotd. BoROwer shaU • �.
<br /> . compty with the provislons of the lease.If Borcower acquUes fee tit►e to the Property,the IeaseholA and tee titte ShaU not be :
<br /> • merged untesa Lender agress to the merger in writing.
<br /> • � ' 6. Condemnatton. The proceeds of any award or Ctaim tor damages. direct or eonsequential, in connection with eny � � �, �
<br /> •,,.
<br /> • � "� condemnation or other taking of any paA ot the Praperty.or for comeyanCe in place ot conCemnaUon,ana hereby asstgned end �
<br /> '' • . . shall be patd to Lendar to the extent of the fuil amount of tha ind�bteQness that remalnc unpald under the Note and this .
<br /> � Security Instrument. Lender shail apply such proceeds to the reductton ot the IndebteQnes9 under the Nate end this Secun3y ,
<br /> �' ' InsUument, tGst to any Qeiinquent amounts appited in the order provided In Paragraph 3, end then to prepayment of princlpa6 . •
<br /> My appiicatlon of the proCeeds to thA principel shatl not extend or postpone the due date o}the monthty payments,whiCh gre
<br /> referrea to in Paragraph 2, or change the amount of such payments. My excess p�oceeds over en amount requtred to pay afl . " �
<br /> : . � . outstand�ng indebteQness under the Note and thls Security tnstrument shan be pald to the entity tegally entitfed thereto. � :
<br /> � � 7. Charges to Borrower and ProtecUon of Lender's Rights in the Property. Bortower shall pay 81t ' '�
<br /> �,: � govemmental or municlpal charges, fines 8nd �mposiNons thet eie not inCtuded in Peragraph 2. Bortower shall pay these
<br /> - obligatlons on tUne directty to tho entity vehtch is owe0 the payment. If faiture to pay woutd adversely aftect LenQefa interest In . .
<br /> ' . ' . , the Property.upon Lenders request 8orrower shatl promptly tumish to Lender receipts ev�de+►cing these paymsnts. ., .
<br /> . ''" II Borrower faits to make these payments or the payments requaed by Peragraph 2,or faits to perfortn any other covenants •
<br /> t.
<br /> -� � � and agreements contained in this Securlty InsWment,or there Is a legal proceeding that may signiticantty eNect Lender's rights in . .
<br /> , � �. ; the PropertY(suth as a proceeding In bankruptcy,for conQemnation or to enlorce laws or regutaUons),then Lender may Qo and ' .
<br /> ' ! pay whatevar i5 necessery to protect the vatue o1 the Propertyr end Lenders rlghts in the Property, inciuding payment o1 taxes, • �
<br /> � harard insurance and other items mentioned in Paragrsph 2. ( �
<br /> i. . -
<br /> ', j � ' '
<br />�. •''- .'. � " - : i59�3-1MQ 1��98) Pa7o?01 S ..
<br /> C:. :. .
<br /> _ . . . --.._.
<br /> --- �------= �
<br /> , ,
<br /> . � � �
<br />�;��:�: . G90 � .
<br /> • -r-�T =,.•.�6
<br /> � �x-i�
<br /> � � .. .,_"......... '?'_.. . .• ..._"S_ ""..... ... . _ .. .__.�....t....l�=B..l..]�,rr..�-+._-r, .`v ,. , . a.�-.,_-a.� . __., . . .����- i . . ._�. ... _ ._... .�..___..__...
<br />
|