|
�;^ . , '..+ tk{�:.iR��3►+�.�.",I
<br /> - - - - - �... _:i`!r��r!s+p!�ci�'.._.
<br /> �______.._.._41._._.1�u'l9YlR1'.uk�'� ,l�fiF�CC�iel»:�='�v.�.:__
<br /> ��- s��o10
<br /> TOaETHER W1TFi ull the impravements now ar hercaRer erected on the praperty,aud�dl eascr�ixnts,appurten:u�ces,und
<br /> fixtures now or hereaftcr u part of the property. All replacements und Additiunc shnll ulsa bc covcnd by this Security
<br /> lnstr�ment. All af the faregaing is referred ta in this Sec:urity Inste��nx�tt uh tiiC'Pj-upri-ty."
<br /> BORROWER COVENANTS that Borrower is lawfully selseci of the estatc hercby conveyed and hati the rlght to grant und
<br /> convey ttrc Prapem� and thnt the Property is unencumbered. except for encwnbrances of record. Horrower warrants nnd wil!
<br /> dcfend gcncrally the t�Ue to the Property ugainst all dalms and demands.subject ta any encumbrunas of record.
<br /> THIS SECURITY INSTRUMENT combines uniform rnvennnGc for o�tional use anci non-uniform covenants with limtted
<br /> varlations by Jurisdiction to canstitute a uniforn�security instrument covering real property.
<br /> U NIFORM COVENANTS.Borrower und Lender coverwnt and agree as follows:
<br /> 1. Peyment ot Principwl and Intercst; Pre{wyment and l.rte Clwrga. Bonower shali promptly p3y when due the
<br /> principal of enci interest on the debt evidenced by tho Note and uny prepayment and late chazges due ur�der the Note.
<br /> � 2. E��ds [or Taxes and Insurance. Subject to appllcable law or to a written waivcr by l.ender, Barrower shal! pay to
<br /> Lendcr on the day monthly payments are due under the Note. undl the Nate is pa{d in!'ull,a sum("Fuids")for:(a)yearly taxes
<br /> and usse�sments which may attain priority over this Secwiry Instrument es u lien on the Property;(b) yearly leasehold pay�nents
<br /> or ground eents on the Property,if any;(c)yeurly hazard or property insurance premiums;(d)yearly flaod insurancc Premiums•
<br /> if any: (e)yearly mortgage insurance premiums, if any;and (fl any sums payable by Borrower to l.end�r,in acconiance with
<br /> the prc�vistons of paragraph 8.in lieu of the payment af mortgage insurance premiums.These items wn callad "Escrow Itea�s."
<br /> Lender may,et wry time,collect und hold Funds in an amount not to exceed the maximum sinwunt a lender for n federally
<br /> nlated mortgAge loan may require far Borrower's escrow account undcr the federal Real Estate Settlement Prooedures Act of
<br /> 1974 s►s amended from tirna to time. 12 U.S.C.Sectian 2601 et seq. ("RESPA'). unless another lew r.hat epplies to the Funds
<br /> � sets a lesser emount. If so, Lender may. at any time. mllect and hold Funds in an amount not to exoecd the lesscr amount.
<br /> • Lender may estimate the amount of Funds due on the basis of current data and reawnable cstimares of expenditarea of future
<br /> . Escrow Itern9 or a.henvise in accordance with applicable law.
<br /> Tbe Fuuds shall be held In an insdtution whose deposits an iiisured by a foderal agency, �nstzwnentality. or entity
<br /> (including I.ender,if Ler�der;s sueh an insdtution)or in any Fcderal Home Loan Bank.i.ender shull apply the Funds to pay the
<br /> Escrow iterm. Lender may not cha�e&�rrow�er for holding and applying the Funds,annuully analyzing tlx�scrow account,or
<br /> - verifying the Escrow Items,unless Lender pays Borrower intenst on the Fw�ds and applicable Iaw permits Lender to make such
<br /> a charge.However, l.ender may reyuire Borrou•er to pay a one-time chsuge for an independent real esut�wc rcporting servior
<br /> �sed by Lender in eonnection with this loan, unless applicuble law pn,�edes otherwisa. Unless :�o sgroement is made or
<br /> applicable!aw requires interest to be paid,Lender shall not be requittd to puy Borrower any intercst or eemings on the Funds.
<br /> • . �orrower and i.ender muy agree an w�iting, however, that interest shall be paid ou the Funds. Lender stiell gtve to Bqrrower,
<br /> ' . without charge. an annual account�ng of the Funds,showing credits and debits to the Funds and the pucpose for wt►ich each
<br /> , debit to t�a Fw�dC w•as made.The Funds are plalged as additional security for all sums secured by this 5ecurity Instcument.
<br /> • If the Funds held by Lender exoxd the amavnts permitted to be held by applicablo law,I.ender shatl�ccount to Borrower
<br /> t for the excess Funds in accordance with the raluinments of applicable law. If the amount of the Fu�s ixld by Lender at any
<br /> '; time is not suf�cient to pay the Esemw Items when dus,Lender may so notify Borrower in writing,ai�d, in such case�orrower
<br /> .� shall pay to Lee�der the amount necessary to make up the deficiency. Borrower shall make up the deficiency in nc�mon than
<br /> . twelve rnonthly payments,at I.ender's sole discretion.
<br /> � Upon payment in full of all sums secured by this Sacurlry Insuument.I.ender shall prompdy refund to Borrower any
<br /> - Funds fxld by Lencier.If.under paragraph 21.Lender shall acquire or sell the Property.Lender.prior to�the acquisidon or sale
<br /> . of the Property.shall apply eny Funds held by Lender at the time of acquisitxon or sale es a crodit sgainst�he sums secund by
<br /> �. : this Secudty Insttument.
<br /> 3.Applkatton ut Payments.�Unless appltcable law provides otherwlse. all payruents received by Lender under paragtaphs
<br /> '• ' l�nd 2 shall be applied: first,to any prepayrnent charges due under the Kote;secoixi.to amounts psyable under paragraph 2;
<br /> .
<br /> thiiti.to Interest due;fourth.to princlpal due:and 1ast.to any late charges due un�.cr the Note.
<br /> A , i�Chargd;Litns. Borrower shali pay ull taaes. assessments,charges. fine�and impositions attributable to the Property
<br /> which �ney attain priority over this Sxurity Instrument, and leasehold payments or ground rents,if eny.Bvrrower shall pay
<br /> these oblig�tions in the manner provided in paragraph 2,or if not paid in thut manmr. Borrower shall pay thern on time directly
<br /> to the persan owed payment. Borrower shall promptly furnish to L.ender all notices of amounts to be prid under this paragreph.
<br /> If Bormw�r makes thex payments direcdy,Borrower shall promptly furnish to Lender receipts evidencing the payrrxnts.
<br /> , Borro�ver shall promptly dischazge any liai which has priority over this Securiry Instrument unless Borrower: (u)agroes in
<br /> writing to ttie payment of the obligation secu�ed by the lien in u manner acceptnble to Lender;(b)wntests in good faith tho lien
<br /> by. or defends against enfurcement of the lien in, legul proceedings which in the I.ender's opinien operate to prevent thc
<br /> enforcement of the lien; or(c)secures from the holder of the lien an agrcement satigfactory to L.ender subordinating the lien to
<br /> this Security in�stmment. Tf Lencler determines th�t any pArt of the Pmperty is subJect to u licn which m�y a:tain prtority over
<br /> tbis Sxurity[nstnunent, I.ender may give Borrower a notice identifying the licn. Borrower shull satisty thc I ien or take ane or
<br /> � moe�of the actions set forth above within 10 days of the giving of notice.
<br /> � Fam 3028 9/90
<br /> ' P�o.:ur e
<br /> .t� •�. . ..�°.r-^�ix.T,;n-°-:-:fAi- --
<br /> �-- ar..M���•.rr�'�:.i".;ti''.,,�:. '.i'• . �.'• •. '-.-'.,tlY'.'•i�il#�i �'f+"���r r::� ,+[��3 lw�ic�°�kv t W�:.. -. e9i u �`'�.
<br /> yn�A'itr. .a . t�' . :'._/'�.�,.i�y'�}FY".. .. +���... ,, I F� 4 •- ;�rt�Y. i's�r
<br /> ._ Y �, r `. ... •' . .. . �t. .'� ♦ i •1rJ� ' . � � . .�. �. �.kt"
<br /> �=s�r�� ��'4 d� �''��, y ;�. 1ti,i: � . ..';`��ti�...a�':l�:•;�.,� i� i �...��•'.�,.p��iq� •?7 r
<br /> •1'' .:i. . _ _ � +w. '
<br /> �'�' . _v a►i r�ai. � ,' - - 'T! r5•v+i��S�:; :,�� , 'r��„�„A :
<br /> �. .Ct `�; . � . . a~��fr" lV �ay • i d��i',.q. —
<br /> —" . ' ,J(.'. .. _ - _ —_
<br /> _ -=°�1••"rf. .. • � . . . . . " - . . �� . . . . -'�.' :"`q+y� .auj•�s-.ss.' ---.
<br /> — ' ..y�'t c - '. �, a:. � . . .r - _- . �Ft_- — --
<br /> `�`��;i.v�Kr� �Ft.+;?'L�.tr`�t�'`'.,�y,y�� ,�,z4�' "�.°°; , .'• .. .1. t z�k ���p� -
<br /> � ��.� A�� :?��� .�)�tiR'-�].�Rl 4 4 7.,t�'�`�',L� ):2�'�.�•' �t . �-{...�1. t y�-.,. _ _ ---� '_
<br />. .,:L�T ' . .. . . i . tL_'xi)i-_ iy.' _-
<br /> �� -.�'
<br /> '-.i�'�-. .. . •�.b �; . , . ' � . . �.���„w._'_':7�`.ii._ ..��..�_-
<br />, µ� . . . . . ...... . . . . _ - _-__ .
<br /> � Y�. . � . .1. . e . . � ��..��1��. �wxYtiar r._. . .�....��.�W. ..._ .....�__...�_.w.._aa, et:�..�
<br />
|