HomeMy WebLinkAbout0983 !o the sale of the Property or ~ts acqu~srt~on by lender any Funds hetd by Lentler a~ ~ne i~me o~ aE~E, ~~d~~~~ ~ n~ ~ ~
surns secured by this Secur+ty Instrument
3. Application ot Payments. Un?ess ap~~!~cabie Iaw prov~des ucherwise. all payments rece~ved by Lender ur.der
4~aragraphs t and 2 shall be apphed f~rst. to late charges due under Ihe Note: second. to prepayment charges due unde~ thc Note.
th,rd. to amounts payable under paragiaph 2. fourih. to mteresl due. and IesL eo pnncipal due
4. Charges; Li~ns. Borrower shatl pay ail taxes. assessmenis. charges. tmes and ~rnF~os~t~orss attr~butab~e to the
Property which may alla+n prionty over ih~s Secunty Inshumenl. and leasehold paymerns or groundrents ~f any Borrc~w~r shall pay
these obliga!iens in !he manner F,rov~ded in ~aragraph 2, or ~f not paid+n ihat manne~. 8o~ro~l:er srall pay thern on t~me d~rectly tc!he
Gieison owed payment Borrower shall pramptfy furrnshfoLer~de~ all nol~ces of amounis tobe pa~d under this paragraph If Bor~oKer
makes these payments d~rectly_ Bonower shall ~xomptly iurrnsh to Lender receipis evidencmg the paymen!s
Borrower shall promptly discharge any I~en which has prfonty over this Security Instrument un!ess E3orro:~tier i, al agrees ~n
w~,rmg to the payment ot the obi~gahon secured by Ihe I~en m a manner acceptabletoLender. (b) contes!s ~r, good fa~th ine I~e~ by or
detends agamst entorcement ot the hen ~n legal E;roceed~ngs wh~rh m the Lender's oF:~rnrn operate to prevent ihe e~torcernent o!
the I~e~ or tor(eiture ot any pait ot the Property. or (cl secures trom ihe heldi~r oi the Aen an agrenment sahsfactory to L~nder
s~bord~natmg the fien ta th~s Secunty Instrument I( L~nder df~ierrrmes that any part ot the Property,s sub,ect to a i~c~n wh~ch rnay
atta+n pnoriry over th~s Security Instrument Lender rr~ay g~ve Borrovrer a notrc:e +denhfymg the I~en Borrorrer st;a!~ sat~sty thE? L'Ettt o~
take one or more o' fhe act~ons set forth above wrth~n 10 days of the q~vmg of not+Ce
5. Hazard insurence. Da~oK~er shall keep the ir7~provemerns no:ti~ ex~st~ng or hereafte? erected onihe Prope~ty :nswc>;
agamst !o;s by ffr~ hazards ~ncli~ded w~thm the te~m exter,ded coverage ~nd ar.y othe~ hazards !or ::~h~ch Lerder rct~wres
~nsurance Tr~~s ~nsurance shall Ue r:~amTamed m ihe arnounts and for ~he nenods lh~i Lende~ fecwres The ~nsii~ance carner
prov~d~ng th~. ~nsurance shall be chosen by Qono~~~er siibject ?o ! ende~ s apE,!ov~l~ wh~ch sha!! not he unreasonabty :~:~?hheid
AI~ ,nsurance pohc~es and rene~vals sha~~ be accentab!e to Lender and shal( ~nc(ude a standard moriUage c?ausr.• I_e~~c;er
s!?aii have the nght !o no!d the pohc~es and renewals It Lendei reqwrc~s. Bo~ro~.•rer shall;;romt~tiy 3~ve to Lender al; r~r.e~i~is cf ; a d
,~~em~ums and rene.val no?~ces In the event ot ~oss Borrotiver shall y~ve E~ron~f~! not~ce to the ~nsurar,ce carr~er ard Lc~nder Lende~
rnay make proo! of !oss if not rnade pramptly by Borro~~~~-r
Un~ess Lender and 8o't(YNE'~ CJ,hCrvrrse ay`CE' Y:liiing inSllfaflCt,' (i~UCf'Cl~~ sh~ll be apt~!~rd to res!ofat~;)n Or !F_~(i8i~ O+ tF,~~
Pro;~erty damaged the ~estorat~o~ or repa~r ~s ecc~nom~ca~iy teas~hie 2nd Lender s secur,ry ~s n,~t ~essered Ii the res~ora?,on ;~r
repa~r ~s not econom~ca~~y !eas~t~ie ~r ~~:nder s secunty •r~ould be lessened ?he ~nsurance ~~ro~eeds shai! t~ anc`~~ed tn the s~;ms
securec~ by th„ Secunty instrumenl whe?her or not then due ~.v~th any excess pa~d!~ B~rrower It B~~rowe+ aba^dons?+~:c• Prone~ty
or does not ar,sv:er w~th~n 30 da;s a no!~re from Lender that tY~e ~nsurance r,arr~er has o?fe~Cd IG S~?t<<C a cla~~r? ther LF:nder may
co~tect the ~nsurance proceF~ds Lender rnay use t~e proceeds ?o iepa~r or ~estore ihe Prot;erty a to ~~ay su~r~s sec~red by t~~.:s
Secunty Inst~ument v~hether or nar then due The 30-day {:er~od ~~.~~~t heg~n ,rhen the notice ~s g~ven
UNess Lender c~tld BOf~p:'~E3r C1hf'!~V!SE' 2!arCC t^ '~fJPihn'y' 8n~ 3F)p~!Ca1~0!7 Of !!~OCeC~~S ?p OI~f:~iOai Sh~3!! f1Ut Cx'Er',Cl f%~
~ Eios~R;ane the due dat~ of thc~ month~~ ~;ayrr,rnts r~tnrrcd t;> ~n r~aragr~,~hs 1 and 2 i;f Ch~n~C if`E' afTlUtl!?I vf the pay~rents I! ~.,nd~~,
G,aragraah i 9 the Prope+ty ~s a: 4wred by Lend~•r Borro.ver~s,,qh~,o any ms~_,r~nce po!~c~tr5 and,;r~iceeds rest,lt~nq,,r;m da«~a~ern
!he Property pr~or iolhe acqt~~s:?~or shali ~,a~s to Lender to ine extent o! ihe sur~~s secured b; th~s Secunty Intiirurr~:c:n• rrr..~=~:;~,c,'~,~;
pr~nr !o the acqu!s~t~on
6. Preservation and Maintenance ol Property; Leaseholds. E3c~rror:F~r sf,a'i no? ;;estroy ~farr,are c;~ s~„r;;ta~+:a~~~y
! ~:her;gc~ the Pro{~erty ai'of~ the Prr~~~~rrty'.o dEr1~~~o*ate rir cumm~t v:aste If rh~s Secunty fnstr~irr:F;nE;s :i^ ~ ~rra~:f•h:;!,: f'.;r~ur:er ~;r~a';
~ C;:f"!~;~'~l':li!~l ~hf` ~IfOV!5lOI;5 Clf 1hE' fn25f_~ 7(iC~ ~f ~l)(ff).V~'1 c7C,~:,ir~!S tf:F' ~~1'E'!131~'r~ f).,.t(JF;1~~~ !hr~C~3Si'h;iil(?B•~fjiF i,r e~F. ~h {"•!.,,-.r
~3(l~f'.'iS ~.f~!~~jf:( ilnle~'c~~ 1(~ 1n~, lelC:'(~`E'( If? :~:(!t!(1(7
~ Protection ot Lender's rights in tAe Property; Morigage Insurance. if E~;%~~~ ~:~:f'; ; f~rf~;~~~~ rh~~
, ~(~ri ~ ~rt,c.~.lF;!1!S C0~11~3!f1F'C~ tI? t~~i5 Sf,'!,!ilit,~ ~I]S~!U"'('.(?~ r~~~:~~, ~r,. ~3'F~(~~~~ ~ ~l)',~.'~.'i~~rl(~!~:i~• f~ i~~~i;f.L :t~~i~~ ;9tFt?~.~ ~ ~r~. S 1'~(J~l'~
ri, {~l ; ~Si~C!~ ~iti 'OrCf~t}llii~ :1~ f`kr ~ r~ . . ' ? ~ } - r• .t i' t . .
i . ~ / 8' . hi3 UI'','j i 71.t' )(~U(~llf f,( 3? ~~f ~~~f C:C.Y"1f~ I 3.~~ i' C,~l. ~.J1~-il ! ~"3~:
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..~r ,.'.j(• iti}'~~.n(3 <I'•~/ Sii~!'S S('i~_~fC:j fJi f1 _ . ..^'Ch ~;3-~, I,(t:3l~~'~!'iVf~f TF'~ , ~f'l ;~•y' ~l1S1(:I~"~.C'f'~ 8i)i'.('~l'IfiOI~~ j.~ly.f`;7'r•~3G~ ?;7:)'.
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Any am,G,;n?S d~5h~.:rSed hy Lend~,r ,ir,~;~r ih;5 uar~,~r ~;ih 7 sh~~~' bcc;~~~^~~dc~~tirlna! det~' E3orr;~~.vr_~~~ st~c.urec! by th~s S~~c.ur;I~~
lflStfUlT;8f1' UI?ff';~ (3~Irrrp;:(?I 8~?C; LF'f!t:F•; il j~t:f! ~t7 .`i~f1~•r 1•:~~,>; O~ (1~3y/1`~E'71 ifl(?SL' H'!i(i::f'~S Sflili': f`F'Sf !fl~F?ff'S~ ~IUin. thF' C~e~?E' Of
~i~Sbi:~SE:rT?r:r,t ~r (hi~ PJr~r~• •~rr, ~Ir„r S~,g~; ~i~r t`~y8h~rr ±h ~r;!f.E.~~ .,.;~r:, c, fr~,~r~ ~~.,~t1~~r t~~ E3~;rrn~,':e! requ~'S',ing ~,~yrnC~nt
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P~ouS M~t~c,n d J~.:~ B+~ m3y DC ~sPA GB92J9 Re+ SPD BI IT~II PC
s • ~
UNIFORM COVENANTS E3orrower and Lender covenanl and agree as wllows
t. Payment ot Prinelpal and Interesh Prepayment and LRie Chargas. Boriower shall Exc;mptty pay when ciue ~nc;
~Nmc~pal ot and interesl an Ihe debl ewdenced by the Nole and any prepayment and lale charyes d~e under thc Nute
~ 2. Fu~ds !or Taxes and Insurance. Sub~ect to applicable law or to a wntlen ~vaiver by Lender, Borrorner shaN pay to
Lender on thc day monihly payments are due unde~ the Note, un61 the Note is paid ~n full. a sum ( Funds"? equal to one-twelfih ot ( a)
~
~~a ,.,hirh aua~n nrior~ir• uver this Security Instrumenl: (b) yearly leasehold payments or ground