|
�+� �.}, �r , .. •'�',`-;�:��Sj�l�t�j��,:�,i�7:3
<br /> . :� f ,w•,_., . . �,. �.i ��.t� ..4 --°'-A ,.1�.
<br /> _ . - �. . : _ .
<br /> .JU 'Y_�r.`•....�1 !ti`..:cr'�! ...- ... �I'J���r�i� ' . . .. . _. _ '_ ' ... --,_—_
<br /> 'TOG�THEsR WITH wli thc impn�vcn�anlK n��w��r henwlicr rrectod nn the proJ�e�ny, IIild 3II C$s�m`ents,ap�n�3nd
<br /> iixturc4 trow �tir I�orc�itrr u pwrt nf Ihe+ ptiq►rrl)�• 1111 re?!rcementM and nddEtions :�l�all also br covcral by this Security
<br /> Inyuuuxmt.AII(1��(IIS{��II'B�lilll�I�i��tii►ya 10 Jtl(III:.kYlliliy Iliwlfpliklil illi(IlC"L'eo�;�e��!y.,'
<br /> BORROWE:tt CAV�NANTS�hr� q�mowet i�1wwlUlly wefwxl�if the erclate herebp ax�veyal a�xi has�hc rlght to grant and
<br /> convey the Propr.rty und th�t Ihr. Pmptrey i� une�xumMrrcrl, ex��t far t�kumbrances of n.�r�orcl. Hnrro�•er warrants and wlll
<br /> defend generwlty the[iNe to the Pmperly r�trin�t rll cl�hnr rrwl drr►w�xlx,�uhJc�:t to aizy encurn'�ranccs of record.
<br /> THIS 58CURlTY 1NS'TRUMNNT curnhii� unifi�nu an�rnwnt�+f�►r nad�mal u;tie a�.no:�n-uniform covenants with limitod
<br /> vari�tions hy judsdiclion to ccmrlituta p unifurnt�:urhy i�ttilrutnen!roverin�real pm�rty. '
<br /> I UNT�URM CUVL�IVANTS, Ik,rrower unci laixtar rn��aiu�nt ancl u�rc.ati follows: .
<br />� 1. Myment et IMnci�l�ad IMereMi 1'rep�!'mNtl Mnd I.ate Clui�a. Horrawer shall �rvmptly pay when:due the
<br />' princlpal of and interc.et c�n tha dobi cvide�xed by�hn Ni►fp�md uny prrtpnyn►ent��x1 I�te chArges due under the Note. .
<br /> 2. Hunda f�r Taxai�nd 1�wun�Y. Sublcv;t lu xpplic�blo INw��r to a wriiten waiver by l.ender, Borrow•er shail pay to
<br /> Lcnde�on tra dny manthly paymentx are due uncler tl�e Nuta,unlll tha N�Nn fr p�id In fLll,a sum("Funds")for:(a)yearly tnxes
<br />� �nd�ssessmenlF whlch n�ay utuin prioNty avdr thiR�iocurity Inalnmxnl+u�a Ilen nn�he Pmperty;(b)Yearly leauhold payments
<br /> ur gruund rents c►n tfw Property.if any:(c)ycrrly t�ytcNni ur pro�►ciiy iii►iiiM�wv Niei�iiai�M;��j ycuily i►u�.ii;Saiiiiiica�kcci�iltlilu, -
<br /> if any; (G)yoarly nx►hguge inwrance prcmiumx,if rnys aixl(q uny ►umM pwyrble by Born�we�to [zn�P.rr,3•n�ecordance with
<br /> the provisions of pwragraph 8,In lieu of tho puyment��f.mnqg��a huunixY premfum�.'Che�o�tems ace cp!'.ed 'Escrow Items."
<br />- l.ender may, nt any time, collert an,1 4�old Fuixls in an umount r�►t la exrcal Ihe nu�ximum anwunr r� fi�iier for a federally
<br /> rclated mong�e.lan mry requfre for dorruwer'a acmw acccx�nt undor th�federnl Real Ertate Setdcrsh��t Fraeaduros Act of
<br /> 1974 as amenclal from tinx to Ilme, 12 U.5,C. 5ectian «��lll c1.�rq, 1"RESpA"), unle��a�xxher law r�9i;i1 apniks ro the Funds
<br /> sets a lesser wncwnt. If so, i.ender m�y, il Ally llttlC, culloct aiki hcild �undr ln nn ru�xwnt nat to ex�k�4zd�he lesser amount.
<br /> Lender may eadmate the ait�ount�f Funde duG on thc tu►sir���f curncM d�t� ur�1 re�n�blc cstimat�s o1F�'��penditures of futu�e
<br /> Sscrow Ittms or otherwise in accordu�ce with ppplic�ble law, •
<br /> The (�unds sha{ be held in �n inatitutinn who�e depnsilR xre incurod by � fedonl a�ency. irtstntrr��;ntatity, ur antity
<br /> (including Lender,if L.ender is wch�n inarltutian)or in et>>�;3�alo�al,N��mo l.wm B�nk.L.enJer ehalt apply iT;�:x�tnds to pay the
<br /> �scrow ltems. Lendar mey not cherge Borrc►wer for holdin�,A►id upplyln�the Pund�,wnnwdly uWyzing th��t�:raw�ccount,or
<br /> verirying the�ecrow items, unie:s Lencier poys bomower intmvst o►t ihe Funds uKi�ppiicabie iRw persni�s I.er�der to mai�e auch
<br /> a chuge. However,Lend�r»uy noquirc Bnrmwer to pny a aao�Nmo rhargo fnr wn i�xk�pe�xlent rail atate ux reporting servia
<br /> usod by Lender ln canri�cti»n with thit fan, unless rppfic�lile I�w pmviduR �Mhorwi.a. Unlas an a;roement is m�de or
<br /> appliceble law roqulrcs intercat ro be poid, l.cnder stud�nc�t tie r�ulrod W p�y&�rmwer wny intercst ar eunings on the Funds,
<br /> Bormwer and [.endcr n�sy agt�x in wrlting, however, th�t intercst xtudl be{+�Id on tFk f�und�, l,ender s�uli.give to Aorrower,
<br /> without chergo, an annu�l accrounting of the Funde, xhowing cnedita p�d Jehfl� to the KunJy Rnd the puipose for w�e�h each
<br /> debit to tlu�unds wu m�de. Thc Funds�re plad�od ne rdcllii�l Kecurity for dl Munu�ecurod by►bi�Socudty Instrwr�jrnt.
<br /> If the Funds held by Lender sxoeed►he amouuta pernuttal to be hold Uy upplkrbl�I�w, l.aide��hall�ccount w'Ls:iarrower
<br /> ' Por the exoeu��unds in�ccordux�with the roquit�ement� at�ppHc,�ble 1nw. lf the Nnxwnt af the Pwtd� lield by E.��i'�r,�t�uy
<br /> tlme is not sufficient to p�y tfx Escrow Item,�when due,Lei;der rn�y x�ntxlfy W►rn�wor in writin�. �nd, in auch case�omuwer
<br /> studl p�y w Lender the wnount neassary to m�ce up the deflciency. &xmwor xiWl m�ke wp the deflcirncy in no more than
<br /> twelve monthly p�ymenta,�t L�ender's sol�dl�cretion.
<br /> Upon payment in fuU of ull sumc socurod by thls Securlly Inurument, l.etlder�hall pwmptly rtfund tu Barro�yer rny
<br /> Fu�held by l,ender. If,undu parognph 21.T.ender shal!noquiro or seU the i'nipetiy,l,en�ior,prior w t4e acqui�ihbn�or�le
<br /> -. of the Property,shalt apply any Fundx held by Leixier�t the tlme uf�cyuiri�km c�r wde Na M cralft �d��he sunii�s::currtl by
<br /> ,;�. this Securiry Irutrument. • �:,;;
<br /> 3.Applkatioa at PNymeatr. Unless�ppficabla I�w provfdeA otherwi�e.all p�ymeiN�rxeived by Lc�der uMcr paragrap�'e,,
<br /> .-1�-, �• 1 and 2 shall be applied: first�to anY P�9meru ctwrges due wxler Ihe Nwa; yac»�l,lu rnKwnt�pey�ble under WreBraph.=;. '..
<br /> r'�'r;���.`. third.to interest due;fourth. to princip�l due;ar►d I�st.to�ny I�to ch�e�due uncler Ihe NcNO. `':.l:'';,
<br /> - , � 4.Clu�a; I.kne.Bcarrower shadl pny all taxes,asseacmentR, eiur�e�, flna wnd impaUla►r aN�iL-uublr ro the PcoputY ;•. .;.'.
<br /> _ ''•� which may �ttun priority over this Se�urity Instrument, at�d Icxtehold prymentr ur�round rerNr, if�ny.Borrower'ahrll pap <<� .,r
<br /> - these obliguipns in the mrnner providoci in prragraph 2,or if not p�W in th�t m�ruxr.He�rrower du�11 p�y Ilam on time diroctly �'; . :'t`,
<br /> � to the person owod p�yment.. Borrawer sh�ll promptly fumish ta l,etxkr qll noticew uC utKwnts�o be pdd wdor thi�pwa�raph. ';
<br /> If Horcower makes these p�yments dlrocdy.Ilorrower st►�11 promqly fLmir.h t�►Lendar ro��elpi�evkbnclr�ihe prmrnts. '
<br /> � Bkrrrowcr shall promptly dlsc:tterge any Ilen which has priority over thls 5ecurity InKlrum�ent uniee Harc�wer: (q a�ras in •.
<br /> writing co the payment of tl�o ubligatfon securod by the Uen 1n a manner�ccept�bie lo l.onder; �h)c�u�ta1�In�uod fdth the iien ��;'.;,
<br /> � by, <►r d�ef�nds against cnforament of thc licn in, legal proceedin�ts whfch in the l.eexbr'� �minNm �ipensa�a prevrnt tho ���5'�`
<br /> i enf�rccrnent of the licn;nr(c)aecur�,c from thc holder of tho lien an r�reerr�ent�1i■frq��ry tn l.e�xkr�uMnMinNin�the lien to . �
<br /> � this 5aeuany Instrument. If I.ender dMermii�tlwt any Mrt of Ihc i'mpsrty IK KuhJay li►N Ikn whirh may Nudn ptbrity over ��.�
<br /> 't;:.•.' ., this Soruxxtity Instrunxnt, Let�der nwy give&►rrowcr a nWice ideoUfyln�the Ikn. Qorn►war�II w�iKfy Ihe 1lvn n�Wce nne or �•�,
<br />�;�:.�
<br /> 'more��Ciyt�ctions set forth above within 10 days uf'tha glvfng af iwtice.
<br /> • � � . 1«n�io2t N�o �,i'
<br /> ` Pap��Oi 0 �
<br />;,� .
<br />.i
<br />
|