|
'"..f.......��.T"" .... ,�" .. . _ ..
<br /> . . . . ..�... .- -.._ __ ... .. _.
<br /> � " �W�Ln::�.-�..� -.�_ _'__
<br /> �'�'LF'.'IL:iM�i�r�- -__� -. _._. .� -
<br /> ►: 9�7 �,u�os
<br /> TQGBTHER WiTk!all ttro impravements now or hecr.�Rer eroctod on thc p�operty.arn1 ull ea.uxments,appurtc�umcec,and
<br /> fixturcs t�w ar hete�tRer � �trt of the propcny. All replacemcntR un�l additions shaU ulso he covcrcd 6y this Securlty
<br /> Insttument.All at tt�e tategtnng is refernd tti in[itis�acurity inscrumcnt u.r ii�r+���Ni:�.y.°
<br /> BORRnWER COVENANT5 thet Barrawor iti lawfully seir�d nf the e;tatc hereby canveycxl and hus the right t�grant and ;
<br /> cunv�y tf�t Pruperty and that thC Pmperty is unoncumbered, except for encumbrance+of rcccmi. Borrawer wurrants ar�d w�ill
<br /> dcferxf gerxrally tht title ro the i'mperty egainst all claims sncl demands, subjcet to any encumbrances of recard.
<br /> THl5 S�CURITY INS1'ItUMENT cambinea unifi�tm covenants far nAtionul usc and n�m•uniform covenentF with limited
<br /> variatians by.�urisdtcdon to rnnstitute a uniform security inswment covedng real property.
<br /> UNIFORM CUVENANI'S.Burrower wnd l.ender wvenunt anci wgra as loliaws:
<br /> 1. 1'�yment ot PriodpRl �nd Intercat; Prepnyment Rnd l.�te Char�. Borcnwer shall promptly pny when due the
<br /> princlpal af nnd intenest on tha debt evidcnoa!by the Notc und any prep�yment and lats charges duc undcr the Note.
<br /> 2. �unde for TAxes Rnd i�urance. Subject to applicabte taw or to a writtcn w�iver by Lendcr, 8armwer shall pay to
<br /> I.cnder on tl�o day nx►nthly payments arc due undcr the Note,until the Note is paid in full,a sum("Funds")for: (a)yearly quces ;
<br /> wncl as.cessmcnts wMch may attein priority over tl�i�;Socurity Instrument as a Ilen on tbc Property;(b)ycacly teas�hold payments
<br /> ar ground nnts on tho Proptrry.if any;(c)yearly h�urd or propert�t lnsurAr�ce premlums;(d)yeuly t�oai insuza�e premiw�u.
<br /> if�ny;(ea yearly mortg�g�itr,w.rucx�e pcentiums, tf aoy;and(f�a�.y�urns payable by Barrawer to Lendcr,in a�oc�rdancc with
<br /> the provR�iars of paragraplk 8.�n lieu o£the payment.a£mc►xt$age cnsalcance prcmtums.'fhcwe items au�e caUed"Escrow�ce�s."
<br /> I,eader cnay, at any tirne, mlloct and Iwid Funds '►.n a�ce amount not to excad the meximum amount a lendeQ fo��feder�tly
<br /> rc{atod m�o�tgage lo�n may ra�uire fQr Bomowec's�serow aa.�ount under tho foderal Real fistate Setdement R'�naeodures Act of
<br /> 1974 as xune�dod Irom time ta time, 12 U.S.C. Section 2601 rr snQ.�"RESPA").unless anotl�er faw tfu�t Y�;;T`bics_t�ifie F�u�is
<br /> sets a l:s:�r amount. If so, l.ender nn�av, at any time, ooUect aswi Iwld Punds in wo amount not to oxceod"'+he les.ur a�trRon�;�r;
<br /> Lerder m�y esti�natc the amount of�ands due on the b�sis of curre�nt dxta uid ocasonablc estimates of sxpenditures of ft�'wt�e
<br /> F.scrow Items ar athervi�n4r:.i•ri axo�dnna with�pplicable ls►w.
<br /> The Fund$ s4AE� �e hzld in an institutlon whose deposits are insurod by a foderal agenc,y, instrumcntality. or entity
<br /> (inciwliug W�c3e�;i��c��v;is�uch aa instItution)or!n any Fedet�!�lome Lealt Batek.Ltndes 9�t�11 A�ly yi�s�nncls tn�y the
<br /> Escrow Ytena�.]s�ricteY•iaaay.�it�c charga Borrower for holding a�npp[ying the F�nds.annually ste�atii!i�ing the escmw�nt,or
<br /> vedtying tho•�scti�w'Dh?msr,qn��ss L.enda Wys Borcowcr intec�st on the Funds and applicable�an.���ermits I.ender to make si�.h
<br /> a chuga However,'I.E���.r�mry roquire Borrower to pny a one-time charga for an independent rc.al estate t�}x,repo�ting sbcvfx
<br /> usaf by Lender in conf�ct�ion wlth this loan, unless applicable law provid� otherwise. Unless an agrpc�icnt is made or
<br /> applia►b1e la�e.�equires inteire5t to be paid. [.ender ahall not be requi�od ta p�y Aorrowa�ny inteoest ar wiiings on tho Fund.a.
<br /> Bocrowor a'�t?'�ender may agroe in wridng.however.that intecrst:th�ll be pafd on the Funds. L.ender sh�ll give to Horrower.
<br /> witt�w,t chaR•ry:an�ntwal acoonntinR of tf�e Fuods. stwwIng crodits Atd debits to the Funds and the purpose [or which act►
<br /> bebit to the Piu�ds wqs t�6irC:e:The Funds ac�e pledged pn�additianel r;�cu��y for all sums socured by thix Security Imhuma�t.
<br /> ,,�, If the Furds hel���?;�:cAder excad the anxwntr,.�crmlccod to be�h�ld�►y a�+,aplicable law.Lender stull account to Borrower . .
<br /> � •far tt�e exasa Funds n:wccurilana v}riti�{he requirements of npplicak)t�law'.IP�rt�;z qmount of the FLnds held by L�de��t iny ,!`�:
<br /> time is nat,s�if�icient to p7y,;�ie�scri,��a;Ei4mn when due.Lender mt�y sr'notify�dc'inwsr in w�S't�g.and.in such case&►r�±diab,r,' ..
<br /> ,... stqll pay tf�9..e]k�e�tlle,�nt pQCCS�ti`�j to m�ke up the deficlency.Bornower shall mslce��iF�he deficiency in no f�nano;an�y�
<br /> .,::�,•1
<br /> � � �;'' awelve montdal9 P�Yment�;�,nt y.cndcr'�%sa'l�discretion. .
<br /> ''`` � UP�P�Y� in f1b4i-of all sums sacu�d by this Sa:urity Instrumen�� I.eixfec stu�ll Prort�ptlY refund to Horrower ury .
<br /> �•, Furds heid by LeMer.If.under paragnph 2i.Lender siudl acquire or sell the Property.I�e�der.prior to tLe acqufaitian or ale
<br /> of the PropeKy,sh�l1 appty any Fund�'��ld by L,ender at the time of�oquisidon or aaie as a crodit sgainat the sumc�ea�red by
<br /> ehia SeCUtity,`Ila�rumeM. ,, � � .
<br /> 3.App�fadfon o�l��na�b.Unl��u applicable l�w provides othehvise,dl pa�yma►ts ceoelvod by Lendet under p�rrgnphs
<br /> • 1 md 2 Yh�ll be appliod: fitst. to v4Y P�'�PaY��+�duc under the Note: searnd.to unoutua payable unda p�ra�csQh 2:
<br /> third.to inot�t due;fuusth.to pcincipd due;and last,to any late ch�rges due u�da�t�c Note.
<br /> 4.C�id�r(�a;tJear.Borrower s�i4i11 twY all Wces.asaesaments.chu8es,tines and impositiona_attribut�ble to the P�nportY
<br /> which►nb�;=AtfAin priority ovrr this.��ciirity Instrumrnt. and leasehold paymants or gr�wnd,��nts, if nny. BorrowCr sii{�!k}�n� ;�`�;
<br /> t}ip�e obl�gq�{ionu in the m�nner provi'cihtl:in"paragraph,2.or if not�pad4 in that t}�xr.Burniiy�e;'�hNll p�y tl�m cxi time i�•'iiaat�fy . •,:��.��
<br /> ta tha petxfa.owod PaYmtnt,:HotroweC�hall prom�s:d•y fttmis6�to i:crKier all�Cwiictes nf un�wnts to be p�id►u�d�epibis pa'}��1'iqih. - �.,:.'•�; .
<br /> [f ifotmwrcr mokes 11�!��,;mxtus directly.Bo�roW.�r sb�ll pmmrplly furnis2�tui�L�nder reoeipts evidencin8 t1Me WYmenti• ' ,','ii!; _
<br /> Bosrowar st�alt pm�p?�y disch�rgp any fien w�d3i-�s Prlodty ovcr thia 5ecurity Insuutnent unleas Bonmiver:(a)i8roet ip �S;. ;.
<br /> writins W ttie paymeat o�tho obligation.secured by�lien in u ms�i�nRr�oa�table to Lender:(b)oontosts In gaod falth ti���er�r;:•�,i,`•;''`:�
<br /> ., b y. or d e f i x�d s a 8 e i n s t;�'t i 3�r a rt i e n t o#t h e l i e n i r�, l e g�l p ro c e e i 9 6�gs whi� in the Laider's o ptnion o p e r a t e w p t e v 4'�i et:a'l�t,,;�,.:�:.';`�;,
<br /> "�tfa+eana►t of the liento!a:r.(e)savtts�from the h'aft�t;r of the lien�n agroettkt�t:u+tisfi�ctory to i.ender subordimting the Iim'�i0oi.�' i�.,�
<br /> �?�, tbic SocuritY In�tiuma�to Utr�:.+tnrkr determines thalc,�nl'P+�of the Property i�.subjeet to a lien whic�may attain pciority over ` °^,ti,:
<br /> thia Security instrument,�I.Mdee may..��ve Borrow�r A�txxia identifying th�li�.Hocrower s14#!I s�tisfy the lien or take one ar • '
<br /> more of th�actians set fortl�abuve v►��thi�n 10 days of the giving uf notice.
<br /> • �'� fonn 302A 9/s0
<br /> ' � '� r.o.awe . . • .
<br /> �
<br /> • . ? ,
<br />
|