|
:I1-'u. .. - , ���' i�l Y�;,:1�'�.'i;��•�k1i
<br /> . . ,
<br /> • ._.._.. . ..
<br /> _ _.
<br /> � ._. .
<br /> u..�t.. .�j..-:.:=a,:�..y._. _.�..____. _ _ — -- —
<br /> TO(IETNP.R WITH all�he itnpravem�nt�t�ow nr herexRer erected on tho pmperty,und u��� �e��p�ur�l'n�an�res. m�d
<br /> fixturey �n,w ar hercafter «Ya� ^f !!�. rs^MN;, �!! 't�!!MtmentK And udditlonc shull ulso bc cuvenil Uy thia Sccurity
<br /> Instrumcnt. All of thc f'oreg�fng ig rcfcrred ta in this Security Instrument ay the'Prc�pcny."
<br /> BORCtOWER CUVIiNANTS thot &�trowcr is lawfully sci5ed of thc cstutc hcrehy rnnvayai und I�a�thc rlght tn grnnt and
<br /> cUnvey tho Property a�xi that�ha Property is unencumt►cred, except for encumbrances nf record. Rorrowr:r warrants ;uxf will
<br /> defend generxlly the title ro the Pmperty against all ctaim9 and denwncir,subJect ta eny encumbra»ces of record.
<br /> TNIS SBCUItITY TNSTRUM�IvT camGtncs unifam�covenunts Cor national usc and nan-unifami covenmits with limi�ed
<br /> vari�tions by jwisdictian to constitute a uniform security instrument covering real property.
<br /> UNI�ORM COVBNANTS.Borrower and l.e�xter covenwnt and ugrcr.as fnitows:
<br /> l. i'��ment at I'�rincip�l wnd G►terest; Preppyment �nd l.ate Chnrptsc. Borrowc� sl�all promptly pay when due thc
<br /> principal of and interest on thc debt cvidenced by the Note end any prcpayment and late chargcs due under the Noto.
<br /> 2.Funde tor Taxe9 xnd ingurance. Suhject to applicable law or ta a written waiver by I.ender, Barrawer shull pay ta
<br /> Lender on thc duy monthly payments a»e due w�der the Note,until the Note iE pa�d In full,a sum("FundR")for:(u)yeluly tazes
<br /> and assessnxnts which may attain ptioriry over this Security Instrument ac a lien an the Property;(b)yeurly leasehold puyrnents
<br /> or ground renis an the 4'roya�cy,i�any;(c)ycarly hazard or pmperry insurnncc premiecr.ns;4d.)yeaaiy�lood insurance premiums.
<br /> if any; (e)year.ly�na�;gage iiuu�+me�?re�nEums, if nny;and(� nny cums�:Ayab�teby Bocr,oKer. r,o:l,r.rr3�r, in a�.�eordar�ce w�itb•
<br /> tk�e provisivr,ts v£�ar.a,��.8,i.R.lieu of.rhe�►a.pmcnt of mortgagc incuran�P�ei'rriu�.'�s?�tc�:�,s.ax�c�tivd"Escrow Ite�nc.°'
<br /> f;.en:ter mxy.�II any ten�e, crol�c�4 a�td' ttv[d: 1FunrJs in �n amuunt nat to excood r.h�rr•����um asnouni s le�xie�f.ae�gaYea:(�'
<br /> c�latvci mortguge loun may rcq�vi�rt for Borrow�ec's e5c►.raw accaunt under the fede►a9 �tny� Estate 5etttement Fr.cx,�c"�i;���s�'�.ct oY .
<br /> t.�7�as amcndcd from tim�tc�ct:�are. 12 U.S.C. Section 26(11 Pt seq. ("R�SPA").unless unather law that appfies�n�.hc�'Fw�ds
<br /> se�e a Icsser amount. lf so.Lender may, at any time. callcct and hold Funds in an amount not to exccai the les��r amcuat_
<br /> l.cndcr may estimate the amouat af Funds due on tho basis of cumnt data end nasonable estimates af expendttures of fuwre
<br /> Escr�,w Items or otherwlse in acenrdance with applicablo law.
<br /> 'The F�+nds shall 1x helri in an institudon whase depasits are insured by i fcderal agency, tnstrumentaliry, or entity
<br /> (fncluding Lender.if I.endea is sit�h an institutlon)ar in any�ulerel Horoe Loan Hani:.l.erxler shall appiy�hc Furxla cu pr�y�I►..: '
<br /> Escrow Items.L.ender r►u�y nut churgs Borrow�er for holding and applying du Funds, annually analyting the�crow account,or
<br /> vedfying the E.SCrow Items,unless Lender pays Borrower inttrest on the Funds and applicabfe Iaw p�m►it�Lender to make wch
<br /> a charge. However, LCnder may require Borrower to pay a one-time charge for an Independent real actate tex nporting iservice
<br /> uscd by Lender in connecpon widi thls loan, unless applicable Iaw provides o�h�rwise. Unless an agrecment is m�rde or
<br /> applicuble law requires interest to be pafd. I.ender shall not be requi�+ecl tp pay Bartower any intcrtst or earnings on the Funds.
<br /> ' gdrra;y.r su�L•�d•T m,►y �ynx In writi�lg;however,that interest shall be p�td on ttie Funds. Lender shali givc to Bomower.
<br /> without chuge,an xnnual �ccounting of the�unds, shnwing crcdits and deblts to the�unds and the purpose foc wbich ach
<br /> , �eb9t to the Fund��vas made.The FundF are pledged as eddidona!securiry Yor all sums socured by thts Socurity InswmenR. ;
<br /> ' ��if the Funds held by I.�ndar exooed the amounts permitted to be h�ld by a�pplicable law.[.eqder shall aac:ount to AorroWCr
<br /> for�he exass Fw�ds in accordsnca with che raluirements of appHcabte.lAw.If tlie amount of the Funds held by t;cnd4r at iny
<br /> time is not sufficient to pay the Sscrow Items wfien due,Lender may sc►noafy Horrowar in wrlting.ond.in such ci�s�8arrouer
<br /> ahall pay to L.erxler the amount noctssary ta mako up the deficiency. Borrowes shall make up the deficiency in no moi+e thait
<br /> twelve monthly payrrKncs. at L.ender's sala diaarction.
<br /> Upon pAyme�n in fisll of all sumy sqcurod by thls 5ocurity Insaament, Lender shall promptly refund to Rorrower u�y
<br /> Funda held by L,ender.If, under pa�egraph 21.Lee►cler shatl aequire or sell the Property,Lend�w'.Priar to ttie acquisition or ci�lt
<br /> of the Pmperty,sh�l� sAP�Y MY Funds held by T..ender at the dme of arqulsid�n or sale as�crodit ugsinst thc sums sceuTed by
<br /> � , thia Secur�ty Instn�ment.
<br /> 3.Applkation of Pa�natte.Unless appifcable law provides otheiwLse�all p�ymen�s reccivud by i.ender u�der pac�gnphA
<br /> •� �t and 2 slull be applial: tirst.ta any'prc�C(yment charges due under d►c Nou; sacond�to unounts puyable under paragraph 2t
<br /> ';ihi�r�;'to intcrest due;!'auth,w pi�i►eoip�tt due:and lost,w any latc chargos due wder tht Note. � •
<br /> '�� :�.;,.4.Clur�eai Udr. Bo►tifower ahall Ewy all tsues,assessments. chugaa, -�ines�nci impositions attribut�bte ta rhk Prnperty
<br /> whiCh mry atu�t�Pdon►Y ovcr'�t1►is�SRCt►iriry•Tnstmmcnt, wxl le,asd�old payme�xs o�groand �ents. if any. Harrolver shall PnY
<br /> t}xse obligetlo�'3n�the mannai ptbaided i»pzn'a8mPh 2.or if cwt p�id in that manner.Borrower sh�ll pay them on sime diroctly
<br /> try tho person oWed paYment:rHonower sttall prnmptly titrnish to I,e»dec all noeias af�rnounts to be patd under this persgnp�.
<br /> If Bomower m�fces these prymen�s dirxtly.Bomower st�all promply fumish to Lendu rxeipts evidencing the pt�yme»ts.
<br /> Dorrower aiwll prornptly�ei�rge any lien which has priority over this Seadty Insttament unless Horrower:�(a)ag�as in
<br /> writing to the pqyment of the obBgation e�c��rod by the lien in a rnanner aa�ept,abk to Lender.(b)opntests ia go(Ki PAith tho lien
<br />-"' by. or defends xgainst enforr.ement of the lien !n, legel proceodings•which in the Lender's op�t►+an oper�te'to preve,m�: .
<br /> eeforarteent of the lien;or(c)secures fc�om the holder of t6e lien an:ng�.,ement a�tisfoctory to I.ender subordicu►ling the liem to
<br /> � this Socurity Insuument. if�1..ender determicxs that any:�pin,of the�'roperty is wbject to a I�en which may attai��riority ovw
<br /> this Security Instcument. laia:��s�Y Sive Borrower a�zqccice ldent8fyidg the lien,Borrower shsll sstisfy the lien or taka one a
<br /> rtare of the actians set fwth utiove�w�ithim;t�Q(�Y5 Of lll�gfVIR$O�:dFL�dds.°,_ � .r'
<br /> � ' . • �, Form 302! R/��91H '
<br /> • ,, , '. . � .Pap�2 ot o . . .
<br /> - . ' � . , ': i , ,
<br />
|