|
� ;;i , . , , ,
<br /> '�I �. :.�,.,-�.. � •�+:�`...�>.crr;;S,{fK�ul,�9Y,� __ -- -- .,.��
<br /> ,y. :,.�,rF�4c�...�u-..�i� _,:r 1:..� . �ry'i-* ..-.��-_ __
<br /> � ���� — �i�J"�rI'y 1{w.i:f:�4f.., . ..nNn . . . . . .. . r .. .. . _ ' �`—.
<br /> .�- ..�t 97-1n63Zi3 -
<br /> :�=.e�'�'",' � • rtcn�ncea� wna -
<br /> ,.,; '�-pp6Tr(BR W17H dl tho improvomeata now or hereafter erocted oa the property��nd a���eQ�,�pP� _ _
<br /> `' fixtures now or hereafLer R p�rt of the property. All nplwcemenb and additian� eh�ll �leo be coverod by thb Securlty __
<br /> Instrument. All of the foarogoing ie roferred to in thie Securiry lnatn►ment�tho"Praperty"
<br /> BaRROW6R COV ENANTS tt►�t Borrower i�lawfully sei�ed of tha estata horeby convoy�rnd��We'�8�'A �d will �''
<br /> convey the Property�nd�t the Proporty ie uneacumbared, except for encumbrances of roc •,
<br /> defend genenlly the tida to the Propetty�Bain�t d1 elaima�nd demRnAe, eubject to any eacumbru�ce�of rocord. ,y..
<br /> : �,
<br /> .; TH1S SECURITY 1NS'IRUMENT combinas unifc�rm covenRnu for nRtional usa �nd non-uniform coven�nta with limltrd
<br /> � vxristione by ju�iedictlon to constitute�uniform�ecudty inetrument covering real properry• •,_�
<br /> UNIFORM COVENANTS. Barrower�nd Lender covenant and agree w followe: ��-,
<br /> ..¢�1� 1, F'ayment ot PrincipAl nnd Interest; Prepayment and Late Char�es. Borrower si�wll promptly psy �vhen due the =_
<br /> principAl of uid interost on the dabt evidenced by the Noto u►d�ny pttp�ymant u�d late chWQu�duo under the Note. _�_
<br /> 2.Fttntb for Twxe�and Insurt�nce. Subject to apNlicable law or to R writtea waivor by Loudat, Borrower shall pxy to �k;;
<br /> Lender on the diy mont�ly paymeate aro due undor tha Note,until the Note ia paid ia full, a sum("Fua'd�s")i°���YI��Ym � _
<br /> `�T r• end ussessmenta which ciuy atuin prioriry over thle Security In�tn�ment�a a lion on the Pmpert,�(h)Y Y p Y __
<br /> ' or ground nnte on the Pcoperty, if aay;(c)Y�+►rly haurd ar praportJr inaurnace promiumy;(d)yrarly flaod insumnce premiwnH, `
<br /> #; if u►y;(e) Yeuly man8�ge insuranca pmmiumv, if�ny: and (�any suav p1yablo by Borrowarr ta I.endes, in n�corclpnca with `.
<br /> the provisioas of puagraph 8,ia Aeu of tha p�ymaat af mortgsge insurance procniums.ThWO 1t0A19�TA C1I�Cd'Escrow Items." -
<br /> � ,. ��. Leader may, at any timo,collact �nd hald Funds fn an amount not to oxc�ed tha aux[mum amouat a I�ndrr for a feder�lly
<br /> �elated martgagQ loAn my roquire for Borrower's escrnw nccount uador tho fetidocnl I(eal Eatate Settlameat Praccdut^es Act of
<br /> n
<br /> 197A �s��ded from time to tlmo, 12 U.S.C. Sectioa 2601 ct seq. ("RE3PA."),unloss aap�har Isw th�t Rpp�les�o tho Fua s _
<br /> sete a losser unount.If'w, Loadar mty, at wy dmo, collxt wd 6ald Fuad9 In aa unount not to oxcoed the la�er anount-
<br /> � Lendar ms►y estimato tkae uuount of FundWi�;°�ic,�able 1�tW of curnnt d�U+and m�sonRble esdmate�of eapead'►turcs of Poture
<br /> �, .•� Escrc�w Iteme or otberwiso in�ccorduice PP
<br /> ` 'I'ho Funds sh�ll be hold in na instltutioa whose depotite an insutr�d by a fodarnl agoncy, instntmeatulity+ ar eaGty
<br /> (includl�g T�.eader,if Leader is suc1�an institution)or in unp Fadnral Home Loan Bank•LoAd�7 6h�11�pply tha Fw�d� tp PAY�a
<br />- >.•::�' pscrc�w Iooms. Leader my not ehu�o Barrowar for holdin�und�pplying the Funda. uu►a*Ily w�lyzi°g�e �row aocount,or
<br /> vcrifyiag the Escrow Itams, un1°g9�°der p�ys Borrowex intemst oa the Funds wd applfcable luw permite Lender to m�ice such
<br /> h
<br /> �'''?"�rf � �chargo. However,Lender u�y require Barrowor to pay a one-time ch�rge for an indepeadent real estata cax cepcRinB sen'►�°
<br /> f}`:��. u�ed by Lender ia connoction with thie loan, unlesie applicable law provldcs othenvi�e. Unlcss an 43rum�nt�iathmid�dar
<br /> ��'�'' ` applicable law ra(uires iaterest to be pald,Lcnder ehell aot be roquir�ed to pay Burmwor iwY intorost or wning
<br /> ��",''".� -� Bocrower wd I.ender my agrco in writing,however, thst intetest ehall be paid oa the Funde. Lender shdl give to Borrower,
<br />._�l F: 3...:!.
<br /> tu� +; wtthout ch e, an�nniul accouating of the Funde, ahowing credlts utd debite to the Funda and tho putpose for which each
<br /> _,:�r,'��'?u �B
<br /> =.��,,p ' — d;,bi:w the Fua�w� m+�e.'Ihn Funds are g►iadgod�s additional sxurity for all sums socwnd by this Sccuriry Insltument.
<br /> ti�;,,i,;��,` lf the Funds held 6y Lwder excad the�mounts Parmitted to be held by ap�+licsble iaw,I.cader��a1i r.:.�.otsnt ta Parre`•"='!
<br /> A
<br />""'r'_'�" :: for the excess Ftiwde in�ccarduico with the n9uirements of�pplicablo Iaw.If the unount of the Fuads held by Leador at�ay
<br /> -•-..
<br />_�'s,�'' ' timc is aat sufficient to p�y che Fscrow Items when due.Lenda mry so notiPy Borrower in writtng.�nd,la euch ca9e rrower
<br /> r s6�11 pry to Len det t l�a unoun t n e c e s s a r y t o m i l c e u p t h e d e fl c i e n c y. B o r�o:v e r ehall make u p the deficieacy ia no more than
<br /> �"°`��� twaavo monthly payments, at Lender's eolo diocretion. p � ��d� go�wrer iwy
<br /> -�=��--� uP�P+�Yu�ut ir�ftdl af«!! sttms s�un�by this S�r.nrity instntmeat. Lender ehxll ro nor to ehe� uieition or'saie
<br />_�tf� Fuads held by Leador_If, under pung�nph 21, 1.ender shall acquiro or sell the Property.1�endor.p' �9
<br />-_=�� of the Property, etult apply�ay Funds held by i.ender at the time of acquieition or s�lo�s a credit against the suros sxured by
<br />`--_�-�� this Security Insttwnent,
<br />—� �^+��� 3.Appliextlon of Pwyments.Unless applicable law providea otherwise,ttU paymeate received by Leador ua�der puaBnpl�a
<br /> _°-=� 1 and 2 shaU bo applied:first, w�aY PnWY�nt chages due undor tho Nota; second, to amounts p�}rabie undet par�graph 2;
<br /> _,,,�� t]�Ilyd,to interest due; fourth,co prinoiWl due;and l�st,to any late chargea due under the Note.
<br /> - �� 4. Char�es;LI�.Borrowa sbn11 WY all t+uc�s� ���°�'°b��' ���d�°sitions attributable to the Property
<br /> ------- which may attain priority over ttile Securlcy Instrument,and leasehold paymente or ground nnts, if any. Borrower ahsll pay
<br /> these obligxdons in the mannor provided in pu'agraph 2,or if not pud in tis�t manner,Borrower s6all pAy tliem oa cimo diroctly
<br /> ----.- — to the pereon owed payment.Borrowcr ehdl promptiy fumiAh to Len���t�nd�recelpt�e evidencing R�he p�►menfs. �ph.
<br /> � If Hotrower mxkea these payment�directly�Borrower shall prompdy
<br /> - -.�'•�a��■ Borrowor s6t11 pmmptly diseharge�ny lien which hes pdority ovor thie SecuritY lnstrument unless Bc�rrowar: (a)agras in
<br /> —°—= writing to We piyment of tbe obligation secured by the 1{en in a w�nner ncceptable to Lender;(b)cuntest+in 800d faith the lien
<br /> ����.a_�� by. or defends again�►enforcemcnt of the lien ia, legal pcoceedin8n m'hich in the Irender'a opurion opente ro pmvent the
<br /> --�-'3s?'��11 eaforcemwt of the lien;or(c)secures from the holder of the lien an agtbement entiefactory to Lcnder subordinating the lien to
<br /> �--"�`��� this Security Instrumeat. If Lender detnrminas thst any parc of the Property is eubjxt to a licn wSuch may ittain priority ovec
<br />-y;��;;�� this Security Inet�meat, Lendcr cnay givo Borrower a notice identifying the lion. Sorrower shall satisfy the lien or uke ono or
<br /> -'��:7; �+�. mon of the actions set forth above within 10 daye of tha giving vf notice.
<br /> -_-_ =�. . Farn 90�a�lso
<br />— .�"x�`" �.6RINE)iozts�.os r.o.s oi e n`iw":�_
<br /> - •
<br /> - �t •':i�f ,
<br /> ,�
<br />.:,;. ,.'•�::
<br /> ... �"��` . i
<br />_ '�`t�r�; 1
<br /> _ �I.,`
<br /> , :'��2.
<br /> , ..
<br /> -',�i-_--_-.
<br />.-_ ..'-_,-�;g�-.�,`
<br /> : �
<br /> , , >
<br /> � - 902EJJrm t2lB8
<br /> - .. I .. . . . i.lv'q1,A,.v�cy. ._._ -
<br /> _ .. _ � _ . .�_ " _ _�_'__�,....�_ . __ ._...u..��_. _ _ ._ _. .. .�'e'_.a1.:4!.'q�M_
<br />
|