|
,�'''� .'_
<br /> i .�: .
<br /> ...�R�i � .'�5�'ii��•-:,.
<br /> '�¢' �'f f�.
<br /> '��i Li3 .���i�. � '----
<br /> :,.r.a�.: ►+�w•� . .r•:.i,%_-s=:.:
<br /> . . ,a..,.� �:;._�—
<br /> ' :�.'�,_.��:t��__
<br /> '� :.e�=.:,�..F�.�
<br /> . .at •`+T��__..
<br /> �..r �y�(p..,r^/�,ys i rti.)'i�}}.�iria.:
<br /> • . .. .. � . . � ::7, _�/"'ky'�?�r'fll'�/Y�^t'����•�:�s:e,'�fj�4G...
<br /> � 97- i06F7'� .
<br /> I '1'UCi�:7�lI�'sR �ti'ITI1 al; the imprnvomenta ncnv or herea(tcr erected on the property, and all eae,ements,
<br /> � appurtenances� and fixture.9 now or hvreaftcr a pan c�[tho pro�rty. All r�placements and addit�ons shall nlsa be c�vered �•
<br /> bs�this Security Instrument. All of thc:4oregoing i5 referred to m thie Security lnstrument as th6"Property."
<br /> HORRO�'4'}:R CO�'li�?�\1'S that liorro�scr is la�vfully sr.isrd��f the eFtate hereby convey�ed and has thn right tc�
<br /> grant and wnvey the 1'ro{x:rty end thut the Pro�erty is unoncumbered, except tor nncumbrances of record. Bnrro�ver j . ,,;. ._
<br /> �C
<br /> warrants and will defend generelly the title to tha Property againet all claims and demands,subject to any encumbrances ��•'- ��_
<br /> ��"""W of record. . -- �.:,:
<br /> '"' ' "TEiIS SIsCURI'1'Y I;VS'I'RU�11iV'f combine.�uniform covenant�for nntionsl use and non-uniform covenan�s with _'�'.„•:S;ir�.-;
<br /> lir��ited variations by jurisdiction to constitute a uniform security instrument covering real property. l ,;_:=-
<br /> i UNIt'ON�!CO�'F:N�NTS.Borrowdr and I.ender ccrvenant and egree as follo�vs: � :�,•�
<br /> 1.I'ayment of Principaland Interest;!'repsyment and I.atc Charges.13orrot+•er shall promptly pay«�hen due :..•xr��%?��_
<br /> the principal of and interest on the debt evidenced by the Note and any prepayrnent and late charges due under the Note. ,__.�
<br /> 2. Funds tor "T�xes and Insurance. Subject to applicable law or to a written waiver by l.ender, Borrower shall �. .,.,,,_
<br /> pay to I.ender on the day monthl y payments are due under the Notc,until the Note is paid in full,a sum ("Funds")for. �;.„_.�--
<br /> e--
<br /> (a) pearly taxes end assessments �vhich may attain priority over this Security Instrument as a lien on the Property;(b) .��,.,_�-
<br /> � yearly leasehold paymentg or ground renta on tha Property,if any;(c) yearly hazard or property insurance premiums;
<br /> Ta"-.
<br /> � (d) yearly flood insurance premiums,if eny;(e)yearly mortgage insuranca premiums,if any;and (f)any sums payable �p�t'-
<br /> by Aorrouer to Lender,in acwrdance�vith the provisivas of paragraph 8,in lieu of the payment of mnrtgbge inaurance i��-_ _
<br /> 4 premiums."I'hese items are celled"Fsscrow Items."Lender may,at any time.collect and hold t�unds in an amount not �°,`�;�t,�.
<br /> to exceed the maximum amount a lender tor a federally related mortgage loan may require tor Borrower's escrow �;••
<br /> ; account under the federal Real I�state Setdement Procedures Act of 1974 as amended from time to time, 12 U.S.C. r+:'•-
<br /> � Section 2601 et seq.�"RESPA"�,unles�another law that applies to the Funds seta a lesser amount.If co,Lender may, �
<br /> at any time,collect and hold Funds in an amount not to exceed tho lesser am.ounc.Lender may estimate tha amount of
<br /> � Funds dua on the basis of cunent data and reasonable estimates of expenditures af future Escrow Items or otherwise in �_
<br /> accordancc with applicable law,
<br /> � • The Funda shaU be held in an institution whose deposite are insured by a tederal agancy,inatrumenulity,or entity
<br /> � (including Lendar,ii L.ender ie such an inetitution)or in any Federal Home Loan Bank.Lendar shall epply the Punds to _
<br /> pay thu Fscro�v Items. I.ender may not cherge Borrower for holdin�and applying the f'unds, annually analyzing tha �
<br /> • �� escrow account,or verifying the Nscrow Items,unless I.ender pays Borro�ver mterest on tha Funda and applicable law �_
<br /> - - � permits I.,ender to maKe sucn a chargo. IIaz�eyer, ;.�.adcr rr.a� :egsi^e 13onower *^ rAy n one-time chnrge for an =
<br /> � independent real estete tax reportin�servica used by I.endor in connection with this laan,unless applicable law provide.q _
<br /> otherwise.Unless an agreement is made or applicable lew requires interest to be paid,I.ender shall not be required to
<br /> � pay Borrower any interest or earnings on tha Funds. Borrower and I.ender may agree in writing,however, that inttce.�t
<br /> shall be paid on the Funds. Lender shall give to Borrower,without charge,an ennual accounting of the Fundo,showin�
<br /> ' . credits and debits to the Furida and tha purpose for���hich each debit to the Funda was made.The Funds are pledged as
<br />,"'� additional security for all surna secured by this Security Inetrument.
<br /> �''. � • If the Funda hald by Lender exceed the amounts permitted to ba hald by applicable latv,(,ender shall account to
<br /> �` I3orrower for the excess Funds in accordance�vith tha requiremenrs of applicable la�v. If the�amount of th�s Funds held
<br /> '" ' i by I.ender at any time ia nQt sufficient to pay tha Fscrc�w Itcme when due, I.ender may so notify Bonower in writing,
<br />� • and,in such case Borro�ver shall pay to Lender tho amount necessary to make up the deficiency. Borrower shall make
<br />-'" up the deficiency�in no more than twelve monthly payments,at I.ender's sole discretian.
<br />_''�� �" ' ' Upon payment in full otall sums securod by this Security Instrument, I,ender ehall promptly refund to Borcower
<br />_;�:,_ _� ,.....•
<br />__;.,..• any Funds held by Lender. !f, under pAragraph 21, I.ender shall acquire or sell thc Property, Lendcr, prior to the
<br /> �•••�- . , acquisition or sale of tha Property,ahall apply any Funds held by I,ender at the time of acqnisition or sale ea a credit
<br />_ against the sums secured by this Security Inatrument.
<br /> ' 3. Appiication of Payments. Unless applicable law provides otherwise,all payments received by I,ender under
<br />_• � paragraphe 1 and 2 ehall be epplied: first,to any prepayment charges due under the Note;second,to amounta payable _
<br /> - under paragraph 2;third,to interest due;fourth,to pnncipal due;and last,to ang late charges due under the Note.
<br /> 4. CharYes; Liens. Borrower shall pay all taxes, assessments, chargzs,fines and impositions attribvtable to the
<br />��:.:.: : Property which may attain priority over thi�Security Instrument, and leasehold paymenu or ground rents, if any.
<br /> ,.-��..,;;�.� , Borrower ehall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner, Borrower
<br />_- . � shall pay th�m on time directly to the person o�ved payment.Borrower shall promptly furnish to Lender all notices of �
<br />- �, ' �'�' . amounts to be paid under tnis paregraph. If Borrower makes these payments directly,Borrower shall promptly furnish _
<br /> _ ' �� ' to L.ender receipts evidencing the payments.
<br /> � Borrower shall promptly discharge any lien which has priority over this Security Insttument unless Borrower: (a) —
<br />_. agrees in tyriting to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in ;_
<br /> : � good faith the lien by,or detends against enforcoment of the lien in, legal proceedings which in the L.ender's opinion :�___
<br /> s operate to prevent th�:enforcement of the lien;or(c) secures from the holder of the lien an agreement satisfactory to _
<br />_ I,ender Subordinating the lien to this Security Instrument.If Lender determines that any part of the Yroperty is subject
<br /> ' to a lien �vhich may� attain priority over this Security� Instrument,I,ender may give I3c�rrower a notice identifying thc -=�=__-
<br /> -;�s:n_.�..
<br /> lien. Iiorrower shell satisf}• the lien or takc onc or more of the actions set forth above within 10 days of the giving of :u�:��,
<br /> �ri.�+r_=,
<br /> - notice. -._--�
<br /> . �:;:;�-ti-
<br /> . G�� :���.;
<br /> F�rm 3 / •'
<br /> �—BHIN�Ico�o9�.0� e.�.� o�e ime� ��.•".
<br /> `! �
<br /> "...__— —'..._.� __ ' y +�_�h14M� .. .__: - ._,
<br /> � '
<br /> . . ... .. . . . .. . . , �eN <+a ..�.w.w � -
<br /> . .,n.�,� ' •. , .. . .•t.c�.-. � -:i . . .. . . -','+J.h'vt'1'4;iAFi�� . . ..7. � .
<br /> j •
<br /> � _. . . . . . ..
<br />
|