|
, , . _ , . _
<br /> i. .^. ..;�..,,;:.::. _ ,.-----
<br /> �rc - r. .. . . _.� .,. ���:�irl:P4s - ...
<br /> �'',�j dtl Y°� W� Y ay,.1.:s'•_. pn.++
<br />- _...a� �Ty�;���.���.,°�"if�l.:�ir.i.••F-A _�1'.,J�S��'-:�".'ti lj`_:c�..,_�eE?FFIq- __
<br /> '— ;. "'y{' .4�,E:,:r..
<br /> --_ - r��.'"'':,�'J.'"�io�seai�axe!°�_�,,.�--.:_
<br /> _ . 4.
<br /> _ .�ae�R��.��� _ = — .
<br /> �.,e,�a�:��,..;e,�=��::��,-,..-�� _--_ -_—_ _ _ _
<br /> �,.���.��.�•.-�...�
<br /> ;�r =�_""� .."
<br /> ----___ ., .-.., � +rm-r � ,a.�_r ..--..--.
<br /> .__... .__.-..:��.n� _-_--��.C�"^,+�yt"'T14T..5CR+1'iY _ ..��.-,. ' 91T'i9 .�}NY:�-3tie�.r.
<br /> . - ----_— __._s��..�— --
<br /> _" _— -___ ,aw�rrn7i(t�".�.'��_'.�
<br /> 9� v�r �
<br /> TOGETHF.R WI'TH ull the improvements now on c�reafter erccted or►the rt , n �T ci+sements,appurtenunres,u�xt
<br /> fixtures now or nercaRer u part of the property. All replucements nncl �dditions shall also be covercd by this Sccurity �
<br /> Instrument. All of the farcgoing ie rcferred to in this Securiry I�stniment as the"Property."
<br /> BORRUW�R COVENANTS that 8orrawcr Is lawfully selsed of the estate hereby convcycd tmd hus the right to grunt nncl
<br /> canvey the Property and thut the Propertp is unencumbered, except tor encumbrances of re�onl. Burruwer wun•us�t�and w��l =
<br /> dcfend gcnerally the tittc to the Property nguinst all cl�ims and demands,subject to any encumbrancc.r•of record.
<br /> THIS SECUAITY INSTRUMENT combines uniform covenan�s for natianal u�e und nan-uniforni cavenunts with limited
<br /> vnriations by jurisdiction ta constitute a uniform security instrument covering real property.
<br /> UNIFORM COVHNANTS.Borrower nnd I.endcr covenant and ngree as follows:
<br /> 1. Payment oi PrtncipAl And Interest; Prepayment and Late Chsu�es. Borrower shall promptly p�y whcn duc thc !
<br /> pdncipal of und interest an the debt evidenced by the Note and any prepayment and late chargos duo urxler the Nate. !
<br /> 2.Funds for Ts�xes and Insurance. Subject to applicable law or to a written waiver by I.endor, Borrower shall puy to
<br /> Lendar on tha day monthly paymenGs nrc dus under the Nate,until the Nate is p�id in full.a sum("Funds")for: (a)ycurly tuxes
<br /> and assessments which may uttain priority over this Security Instrument as A lten on the Property;(b)ycarly Icaschold payments
<br /> or ground rents on the Property.if any:(c)yearly hazard or property insurance premiums;(d)yeurly flood insurunce pmmlums.
<br /> if any; (e) yearly mortgage insurnnce premiums, if uny; and (�any sums payable by Battower to Ixnder. in accordance with
<br /> thc provisions of paragruph 8,in lieu of the payment of mnrtgage insumnce ptemiums.Thcse items are culled "�semw Items."
<br /> Lender may. at any time, collect ar�d hold Funds in an amount not to exceed ehe maximum amount u Icnder for u federally
<br /> reluted mortgage loan may rec{uire for Bonower's escrow accaunt under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as amended from time to time. 12 U.S.C. Section 26(11 et seq. ("RFSPA"),unlesa another luw that upplies to the Funds
<br /> sets a lesser amount. If so, l.ender may. at any time. cullect and hold Funds in un amount not to exceecl the lesser amount.
<br /> Lender muy estirnate the amount af Funds due on the basis of cuncnt duta and reasonable estimates of ex�+eenJitures af future
<br /> Bscrow Items or otherwise in accordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits ure insured by n federnl agency. instrumentality. or entity
<br /> (includins L,ender,if I.ender is such an institution)or in any Federul Home i.oan Bank.I.ender sh�ll upply thc Funds to pay the
<br /> Escrow Items.Lender may not charge Borrower for holding ancl applying the Punds. unnuaUy analyzing the escrow account,or
<br /> verifying the Escrow Items.unless L.ender pays�onower interest on the Funds and applicable luw permits Lender to make such
<br /> . s ch�rge. Howc���r. Lender mny require Borrower to pay a one-time charge for an independent m,al estnte tax mporting service
<br /> used by Lender in connection with this loan, unless applicable law pravides otherwise. Unless an agrcement is made or
<br /> applicable law re,quires intcrest to be paid,I..ender shall not bc required to pny Horrower iu�y interest or eamings on the Funds.
<br /> .,I� Borrower and Lender may ugree in writing, however. that interest shall be paid on the Funds. I.ender shall give to Borrowcr.
<br /> without charge. an anaual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> '` debit to the Funds was mude.The Funds are pledgal as addit�onal securiry for all sums secural by this 5ecuriry Instrumcnt.
<br /> � If the Funds held by L,ender exceod the amounts pemiltted to be held by appltcablo law,L,ender shall uccount to Borrower
<br /> for the excess Funds in accordance wtth the requlrements of applicable lnw. If the amount of the Funds held by Lender at any
<br /> time is not sufficient to pay the Escrow Items when due.I.ender may so notify 9onower in writing.and. in such cuse Barrower
<br /> shall puy to Ler.der the amount necessary to make up the deficiency. Borrower shall make up the deRciency in no more than
<br /> � twelve monthiy payments.at Lender's sole discretion.
<br /> � Upon payrnent in full of all sums securcd by this Securtty Instrument,Lender shell pmmptly refund to Borrower any
<br /> ,j Funds held by Lender.If. under paragraph 21.L.rnder shall acquire or sell the Property,Lender,prior to the acquisidon or sale
<br /> { of the Propeny, shall upply any Funds hcld by Lender at the time of acquisitfon or sale as u cralit aEalnst the sums secur�d by
<br /> ;.� this Securlty instmm�ent.
<br /> . 3.Applfcatbn o[Paymenta.Unless applicabla law provides otherwise,all payments received by Lender under paragraphs
<br /> {, 1 and 2 shall be applied: first. to any prepayment charges due under the Note;second,to umounts payable under puregraph 2;
<br /> �; third.to intercst due;founh,to principal due:a�id lust,to any]ate charges due under the Note.
<br /> �' 4.Charges;Lienq. Borro�ver shall pay n11 taxes.assessments. chn�ges,fines and impositions attributable ro the Pmperty
<br /> ' which may ettain priority over th(s Security Instrument, sind leasehold payments or ground rents. if uny. Borrower shall pay
<br /> these obtigations in the manner pmvided in paragraph 2,or if not paid in that manner,Borrower shall pay them on time directly
<br /> to the person owed payment.Borrower shall promptly fumish to L.ender ull notices oF amounts to be paid under this paragraph.
<br /> :� If Borrower makes these puyments directly,Bonower shull promptly fumish to L.ender receipts evidencing the payments.
<br /> Borrower shall promptly dtscharge any lien which has priority over this Security Instrument unless Borrower: (a)ug�ees in
<br /> � wriring to the payment of the obligation secured by the 1[en in a manner accepcable to Lender; (b)contests in good faith the lien
<br /> by, or defends against enforcement of the lien in, Ieg11 proceedings which in the Lender's opinion operate to prcvent the
<br /> ' enforccment of the lien;or(c)secures from thc holder of the Iten an agreement satisfACtory to Lender subordinating the licn to
<br /> this Securiry Instrument. If I.endcr determines that any part of the Property is subject to a lien which may attuin priority over
<br /> this Securiry Instrument, L,ender may give Bonower a notice identifying che lien.Borrower shall satisfy the lien or take one or
<br />— mom of the xtions set forth above within 10 dnys of the giving of notice.
<br /> Fo►m 3028 8/80
<br /> P�ye Y ol b
<br /> . r_.. _._ .^.^r�^v.r7�'C^�r-T-r.�-•--_---,��...-,�..,^...--y�.�-.--.- .-w""`"f.�. •.iV.. _t�'- '�^ -. .... ��,.i�.(�;Sao�-
<br /> .-t �41u�;: ^�. .� . - r•-0, 1 .� �. ,' �,1,`�✓ � ---
<br /> '.� 4 , ... . .. , , ..py+: '.. -i M i�r rS�t.�_''�. _ , � `1.�.•,-i' '
<br /> .i. • . . .x tl�..s� .�;,t:��� �•. ':�':;` i.�:c�n. •, - �•e1�.�:,��ia -
<br /> .. � .. . . �'`� � l�t`�'Ji DL�����; :,' ,'4.�.••, '�+ ,p1 �
<br /> � i.. - . � . . „ '��`.,,�� • �.5:, .a'�1}1 -:_-
<br /> -•.". y ' "�ti� � 4�� .�_At3,� .��'+� v, �i�s�.
<br /> :'t �I
<br /> ;. � . • , .- - �1� ��� t _--
<br />.14�ft �`�ti'� ' • . . • ., ' v ,L t .+ ��_� .
<br /> y4M: . . - - , . t�in '.,`��alrp �r ,.�.
<br /> �'�rt...c:.ti .�<..
<br />'__ .1 " �' . .� '�,.`51�7Y'.:..:�--
<br /> __ _ .... _ �� � � . .. • . .���e ' —_-- -.
<br /> _-�... . .. :� . ' . . :, .�� _ ����:::�--`_-
<br /> . -.,;,. ----6,n��..��,
<br />�.Y���T�;: ,• � i; . - � ._ :�r� _ _ - . . - ' ' `�'niY'�7' �{�{... --
<br /> � . � _
<br /> e . , .. . ,. ' �
<br /> , .. . � .-
<br /> �� ' �! ,� --��;.
<br /> • x�t
<br /> . �
<br /> . . . _ . . ' ,,:� ,:�:.:�.L �-
<br /> . ,
<br /> .� .".l'�.�WV�N�I�I.. ..•�_ . .:u�..h.i..v. - _.
<br />
|