|
''%�(i::� .._
<br /> , - -------
<br /> .+K..��. -.,•.i..,,
<br /> ._.._�..• --- ---
<br /> . a;.:�-,;..��..,.__� -- -= -....._
<br /> -- -
<br /> --- --- __ .,_
<br /> -_ __ _
<br /> — _ _
<br /> —1(�5��'o
<br /> TOrETHBR WITH all the improvements now or herezfttr crcctod on the propercy,and a1�easements, appurtenances,and
<br /> fixtures now or hereafter u part of the properiy. All replacements and sdditions shall also be covered by �his Secudty
<br /> Iagtrwnent.All of the foregoing is refcrrod to in this Security Instrument as thc"Property."
<br /> BORROWBR COVBNANTS that Borrower is lawfully seisai of the estate hereby wnveyed and has the right to grant and
<br /> �nvey the Froperty and that the Property is unencumbered, except for encumbrances of record. Borrow�r warrents and will
<br /> dc�end general►y tha title tn the AropeKy against alt claims and demands,subject ta any encumbrances of rceard.
<br /> THIS SECURII'1'IN53'�tUMENT combine9 uniform covenants for national use�nd nan-uniform covenants with limitcd
<br /> variations by jurisdiction to eonstitute a uniform security instrument covering re:il prop�rty.
<br /> UNIFORM COYHNANTS. Borrower a�xl L.ender covenunt and aBrec as follows: w�n due the
<br /> 1. yyyment o[ principal and Intertst; Prep�yment aad Latt ChnBa. Borrowcr stwl! promptiY P�Y
<br /> principal nf and intercst on thc debt evidenced by the Note and any prepayment and late charges duc under thc Note.
<br /> 2. Funde for Taxes�iad�tr�urancY. Subject [o a�iYflc.:b:c !aw or to a+:rritten 4+aiver�y Lcndc:, &irrawcr s�all pay to
<br /> Lendtr on the day monthly pryments an due under thc Nota, until the Note i9 paid in full.a�sum("Funds")fnr: (a)yearly tuces
<br /> �nd asses�ments which may atuin priority over this Securiry Instnim�nt re e lien on the Property:(b)Yearl�lexsehold p�ymenu
<br /> or anwnd renta on the Property. if�ny:(c)Yeariy haz�rd or propeny insunnce promiums:(d)Ycurty ila�d insurance p►emtums,
<br />' �f�ny; (e)yearly tnortg�ge insurnnee prcmiums, if eny; uxi (�anY sums pAyable by Bocrowcr ta l.c:nder, in accordaece with
<br /> the pmvi:ion�of paagrrph 8, in Ileu of the p�yrnent of rrwrtgage insurance prcmiums.7'hese item.9 w'e caUod "Eacraw Itemc."
<br /> l,endnr may, at any time. coltxt nnd hold Funds in an amount not to excad the mnximum amount a lender for a fodtrxlly
<br /> �+e�ued mortgy�e lou� n1�y rcquire for Borrower's escrow acccwnt under the faleral Rcal Evwte Settlement Pwcedures AM of
<br /> 1974�.g amendcd fro►n time to time, 12 IJ.S.C. Section 2b01 n seq. ("RESPA"), unless another luw thet appli�to the Funde
<br />' sets a lesscr rmcwnt. If so, Lcndcr may, at any time, collect ond hold Funde in an amount not to exceed thc lesser Amount.
<br />_ [.endcr may estiuutc the amount of Funds due on the basis of current duta and reasonable wtimates of expeMitures of futuoe
<br /> Escrow Items or otherwise in accardance with epplicable law.
<br /> ` 'fhe Funds shall be held in an institution whose deposits arc insurcd by a faien+l sgency, instrumentelitY• or entity
<br /> t (including i.,ender,if Lender is such an institution)or in any �oderal Home IAan Bank•Leoder shell apply tltie Funds tu pay the
<br />� Fscrow Items.Lender may not charge&�rrower for holding and applying tho Funds,annually analyzing the escmw account�or
<br /> � verifying the Fscrow Items,,unless L.ender pays 13orrower ince�esc on ihc Fu��Ss aau appfirabl:.la�:�rmits i...�.^.dcs to�k�!u!�`9+
<br />� a chuge. However, I.ende�a�uiy requine Bomower to pay a one-time charge for,an 9ndependent real estate tax repocting servia
<br /> � u.aed by Lender in conne.ctian with this loan, unless applicablo law providat atherwisa Unless an ageeement is made or
<br /> spplica6la law requinac interest m be paid, I.encicr shall not be requircd ta pay Bdrnawer any iuterest or eamings on the Fund�.
<br /> 8ormwer and L,cndor may agree in writing, howevcr,that interest shall bc paid on thc�un�i�. ixixie�sS-•:t��:���u ����wu,
<br /> without churga, an annual accounting of thc Punds, showing craNts and debiTa t��tku Funds and tha pu�po+se.for which es�ch
<br /> � debit to tho Funcis was ma�ie.1'he Funds pre plodgaf as eddttionAl security far all sums securod by[his Secuxity Insnvment.
<br /> - If the Funds held by Lendor excecd the am�unts pemuttcd to he held by applicable law. [,ender shali siccount to Borrowa
<br /> � for the excess Funds in aocordana widi the�txiuircn�nis uf uppiicauie iaw. if the amount af thu•Funds held by i.e:�:at aay
<br /> ' time is not sufficient to pay tha Escrow Items when due,I.ender may so notify�ormwer in•wrl�+ng,and, in such case Aorro.�er
<br /> ' shall pay to Lender the amount nacessary to make up►he deficiency. Bormwer stt�►Il make bp the deficiency in no m�re thm
<br /> j twelve monthlY p+iYments,s►41.ender's Sofe discredon.
<br /> � Upon p�ymrnt ltr fult of all suins socured by this Sccurity I�stnrment, L.endcr shali promptly refund to ibrrower any �
<br /> Funds held by I.er►der,If,under pAr'agraph 21,Lender shalt acquite or sell the Property,Lendcr.prior to ihe acquisition or s�le
<br /> '� of tho Properry. shxll.spP�y any Funds hald by L.ender at the tin�e of acyuisitSon or sale as a crodit agatnst the sumx securod by
<br /> � d�is Securiry Instrument, ..
<br /> � 3.ApplicAtion ut Puymenta.Unless applicable law pcnvides otherwise,all payments receivod by Lender under poragrapha .
<br /> � 1 and 2 shull bc applied: first. to enY PKI�Y�nt charges duo under the Note;second,to�unts payable u�xkr paragr�(►h 2:
<br /> .�' third,to inlerost due;fourth,to pdncipal due;and I�st.to any IAto chuges due under the Noto. ' .
<br /> � 4.C}�rgea;LM�ns. $orrower shall pay sll tex�s. assessn►onts. charges, fines and impositions attributable to the Prupcny .
<br /> � which may attain prioritY over thls Security Instniment, and leasehold puyments or ground rents, if any. Borrower shali pry
<br /> t these obligatfons in thc mnnner provided in pgrngraph 2.or if not pxid in thAt munnes.Bortower shall pwy them on time diroctly `.,
<br /> to the per�on owcd payment. F3orrower shall promptly fumish to Lender all notice.,s of an�ounis to be paid under Ihia paregraph.
<br /> � If Borrower makes theso}wyments diroctly,Borrower shall promptly furnish m L.ender receipts evidcncing th�paymcnts.
<br /> � Borrower shall pro�nptly dischargo any lien which has priority over this Security Instrument unless Bo�rowa: (a)agroes in
<br /> ' writing to t1►c payment a�f tt�e obligation sacurod by tha licn in a manner acceptt�ble tu�Lcnder;(b)oont�sts in good faith che Ilu�
<br /> � by, or dtfends against enforcomcnt of the lien in, Icgal proc�,�ings which jn the t.er�ier's opinion opa'sce to prcvtnt the ,,
<br /> •� enforeement of the lien;or(c)secures fmm the holder of tho lien an agroemmc satisfectory•to Lender subnrditwing tho lien tn
<br /> � this Security[nstmment. If Lcndcr dacrmines that any part of the Property is subjoct to a [ivn which m�y attedn prioriEy over
<br /> ; this Security Inst�umrnt. Ltnder may give Borrower a nocice idrntifying the lirn. Borrow�r shall satisfy the lien or tabe a�o or
<br /> moee of the actions set fonh above within 10 days of ttu:giving of notice.
<br /> Fan:30?! 91l0
<br /> ' r,o.:m e
<br /> .�
<br />
|