|
, .... ..�,�.�,�.�.��-. . .
<br /> h•.,;�,c..��••,�
<br /> :._ - ---- --
<br /> ,�arrwti�rx►,�E�:�,r�r�r,, ,�. ._._ . 1a...�.....
<br /> - -_ 9g- x��x�
<br /> TaGETHER W[TH AI]�he inipmvcmenth naw nr htrcnRer oroctocl�n the property.urxl ail caumcnts�ap{x�Aen+►nceti,ind
<br /> �xwrr� tww or h�reARcr a part ��f tho prupeny. Atl rapl►�cen�e�us w►d uddiUo►iv tihail also t+c coverccl by thiy Sccurity
<br /> 6� YM..�-...-. ■
<br /> Ins�ntnxns.All of the fnregoing iY rcfomeo tn in this Securiiy f��ri�u�w��.N.t�w ����µ��y�
<br /> RORROW@R CO�1BNAtVTS that Som�wer ia l�wfully seiried af the extato hercby ci�mayai and has the right to grant rnd
<br /> convoy th�e Prespe�ty and tiun the ProPeny ic unencumberad, except far encumbrancns af rr.rnrd. �truwer warti►nta und will
<br /> defend gentr�liy tho title to the Property dg�f nst all sluims nnd dem�►rx1s.subject ta any es�cutnbrnmYS o�rc.:a»1.
<br /> THIS 5RCUR1'CY INSTRUM�ENT cambines unifonn cavenante Car nadonal uu arxi non-unlf�rm coveiwntx with limitai
<br /> v�riatians by judsdisUon to consututa a uniform srxuri►y inytiument cavcrb�g rcal pT�pcnY•
<br /> UN�FOItM COV�NANTS,il�irruwer and Lender covenu►t and�grce as follown:
<br /> i.P�yment nt 1Mnclpal �nd Interait; Prepaym�t and I.�te ChargeA. Bc►rrower shall promptly pny whcn due the
<br /> princiMl of�nd Intenst on dx debt evidenxd by thc Nutc and uny prcpayment snd lute chacgcs due under tlk Note.
<br /> 2.Funds for luces�nd Ineurance.St�bjxt to applicable taw ar ta a written wnivcr by I.tn�er,Botirower shsll p�y t�
<br /> Lcnd�r on thc d4y monthly paymants wre due under tha Note,until the Note ia pntd in tl�ll,s sum("Funds")far:(t) ycnrly tuxes
<br /> and a.ssessments which may attain pr�ority ov�r th►s Secnc�ty Instrument s►A a liem cr�:the Pmperiy:(b)yearly leaseh�ld pnyments
<br /> nr grounrl rcnty on the Property, If any;(c1 yeur�y E�az�►rd or.pmperty insuranoo g►remiums:(d)ycarly fload insurance premiums,
<br /> if any;(ea yex�Aly mortgage in�surance�p�nsmtcnrns, if an+Y:a�d(� anY s�n►�s paYa�b�e hY aorrower to Lender,in accordsnca v�rith
<br /> the pravisions of p.►ragraph 8, in lieu of!he�►ayment af nwrtgage iasurance prezniacros.Thace It�mR are called "Escrow icenna•"
<br /> L,�nci�r mmy, �,t any timo,eoll,ect xnd hold Funda in an amount nvt to exceedi tf�maximum amount a lendcr for a f.odexadlK
<br /> ' rcleted nwrtgs4Be Iwn�►►�y ro9uire for Batower's esemw �ccount �uwler the federal Real Estate Settlem�cnt Procodurcs Act o�f
<br /> 1974 as enxnded fromm time to time. 12 U.S.C.5octian 2601 et srq.("RESPA"),un�ess anotber law th�t�p�rpies to the Funds
<br /> scte a lesscr anaount.tf w, I.ender may. at s�ny time. collect a�xl hold Funds in an xmaum not to eaw�xi d+e lasscr�-rA:uit.
<br /> Lender m�y esdrt►ate the amount of Funds d�ue an the busis af cument data and reasonable estim�tes af expenditures af futurc
<br /> Fscraw Items or otherwisc in accordancv�xe16 appliralsle law.
<br /> �` � 'it� Funds sludl be E�Id in un institution whose deposits ara insurod by a faieral agtncy. insnvmex�t�li+ry, or s�tiky
<br /> ';c. (.i�xluding Lender. if i..en��;ir n:;Fuch un iruti�.,ti�,.}oc i7�,-�y P:,dcrat.iium:.i.van 19ank. Letxkr shnll�ly th!' 1f"lqwit M�a'�ihe
<br /> ' ..,f;acrow Itans. [.endsr may ni�t.�harge ac�ower for hoWing and applying the Func�r,,wnnually arwlyzing the��;��vi!wa.'�ttt„:c►r
<br /> verifying the Escnow Itemc,unl�s.91-etl.tfu:r.p�ys Horrowa imet�est ar�z e�r.�gunds and'�pplicable IAw permits lxsder t�nwkC�4x�b"
<br />'�',. a du�rBe. Fi�owever.Lender may nequlb��i,�trower to py a orie-dmr• charge for an indepenrfeat.a�r�l rsnte tu reportln��,•aice
<br /> •'' .,�ued by Lencier in conne�ti�� wtd� this loan, ualess�pplicable law provideS:�nherwlse. lInlsss nn agreement is mde'or
<br /> � '��,{.,�:� ipQlic.�b[e I�w roqui►es intott+it to be paid,Lender shall not be required to pay��pr.��wer any lnt�rcat or eamiae�a on the�w�ds•
<br /> ',,',,',:.".: ;Flotnower uid i.a�der ctu�y agroe in writing, tiowevex;iE;�t intenst shall be pai�l���n�he Funds. I.ender shall give to Borrowu.
<br /> ", ,'`; ��+itfiout el�e,�ut uu►wl aveatnting o6 fli��,N,unda�•aj�iwnng ercdiis:acxi�iwi�`;iu t;,e;u�c�a�i ilsa�.•r�fas:°hi��h
<br /> •'r�,�'{;:,�,'.,d�bit to tl�e Fatds waa mede.Tht FutKi$ure;�l'Zd�t�3.3��cidition�l�:s�tcuv�ty for ull sitms secure�d by thig Sxurity Imtnur�ent.
<br /> ;•`''?'.;� . •�,,�::If theFutrds held by�.ender cxae:�.nc�mipojue�i�''petp�ttod tc4�be teel'd by a�pli�ble law.i.cnder slull axouM to Haroaror
<br /> � ; ''Yor.;he exass Funds i�,a��,,,r�l w'it11�Z�e;a�cqi�ua��nents!af pppl��abia l�yJ.:�€:n'hc:Fimount of tt�e Funds.hGids<1�;i�.,eMfer�c aay
<br /> . .,,�ax�s noc ao�ieienc r�+;�+:y a�ee�sa�;��7zz�.i.�"�yiean i1ue,3�ender mtiy s��nutif}�`:l�o•rrower in writing,and, in.�iri,ch`c3�3a B���y°r
<br /> �,,...
<br /> ' ab�ll pay td�I>eqc�tr tbe unaurif'nea�san• ta`�talce up U�defickn.�l. �3srrower�}�li make t�P�tiri;deficiency in'rni hyt���e tthtYu ;`
<br /> twelvemontf#lY PiY��at I.adar'F eulc•diecretion. ,.., � .,,:.! :}:,.... •;r
<br /> ppon pwymetx in full of all sums exurod by this Socurity Instcument. Le�tdcr sball promptly refund to Borno��t�.:�y.
<br /> pu�ds held by Lender.If.unda�p�ragaph 21.I..ealer chall wcqui�+e or sell the Pqo}�e�ty.L,ender,prior to the acquiaition or a�le
<br /> of the Prdpecty,stWl apply�y Fu�ds held 6ry Laider R the�ime of�cquisitio�ar�swle n a crodit r�inst the w�m�ec+u�ai by
<br /> tbit Saue►Y Ia�uume»t.
<br /> 3.A�liatio�ot Paya�eets.UNeaa.itpplicable l�w provides otbecwiae.atl paymaR�rooeivod by Lerda under psryrap6t
<br /> 1 a�d 2 aWl be applied:first, W any prcps��+mes�t chartes due under dk N�tc: saord.to amounts payable under pangnph 2:
<br /> , �,;;�i�d.w i�a�nt dae:fourth.to princip�l due:u�d last,to any late�huga due un��the Note. J."• �,.
<br /> •, •;� �• • �1, Cl�e�e�; I.ien�.Horrow�er ishall pry sll 1ues,uf.�cments,charg fs.�ln�s,n�qd Ia�positlons attributq��f e.rcr the PropatY •
<br /> `',``• � a ri ovu thi� Seairity Instrumak. and laisehold �s:or'gnwnd renq. If u�y.Yiuirdwer 1 �y .
<br /> .'t��•;ttl�t,;�l►icl��ay�,�t�u Prio tY � �,. `''•,.
<br /> � t�e obli�Atx:�in Wc miuu�provided in puagnph 2,ar If cat ppicl�f�l�i��pd�r.8orrower st�all pay than on time �uET),
<br /> , . iA,
<br />_ '� �to the pet�b�:owed payrt�nnt.Borrower stuil promptly furnlafi to I.�y�cl��`�lfi f��at�{,af smfounts to be p�id w�der this parig�tr}�h.:;
<br /> ��;� r.�•,,If Borrowa m�kes tlKSe.pilg+ma�ts diratly. Bu[[�oWK ih�ll�Ifo[1lptly�i1tRt3b;44y��I.in.c�reoeipts evidencing the pyma�b• ' .�',,,�� ;;i
<br /> ��' � � Burrowec�hall pra�itly dischuge my lien whichhas priority Ova'thiS•:'�wc�Ir:i�N1.• unleas Barowa:(a)�reea in '.;;;t;:'.
<br /> ;):.
<br /> ,wricing iothe paYma�t uf the obligation secura!by the lien in a m�er�cb�tt�'�e•��)contests in good tLIth tlt�lien
<br />-- by, a�against enforcranau•of dhe lien in, legsl pr0000di.4a�QS which in tt►� L,e+�der�t��,odinion aperale to prevart'�be
<br /> � enforca�nC of the liea;oc(c)sxures•f�orn the holde.�of the lien:�n mgr�eemer�t sadafactory R�6�:tL�:r,r,�r subordimtina tEie IieiE to
<br /> ' •::Rhi: Security Inctrum�nt:��f I.ader d�temtina thu��y part of the Pe+operty is subject to a lien'which ma�!,,p�win pricxi�y ova
<br /> ,�mis Securiry lnstrumemt,�.�ender tnaY give 8orrower a notioe identifying the lirn.Horrower slu�ll aatiafy tht�Taks�or talce one or
<br /> • ' more of thg�tior�ardt�tairi�atwve withln 10 daya of the giving uf awtice. .���: .
<br /> '�� �� � , fa.m�02� �1l0
<br />� I � 'I'i �. '�
<br /> � �.�,�.� {�.1', _ ►prZ.of3i
<br /> - �I � �ey.�',...�.
<br /> � . � • .
<br />
|