|
— � ._�_,-� _ _
<br /> �-,��v.���, � �° -
<br /> e.r� � R�'������ ;,t r,?°z..���im� i..:'�ia+.ra�e.s.u.�---- --
<br /> ` �, -r�--s �i•j, �r r
<br /> _-.° � .;s:J.•� - ;�etin � � �::� ,s?-t .
<br /> . . . , ' . ..`� . ',<<'j. .
<br /> • , � t•�,' '- j
<br /> � ;� ' . . .. �i
<br /> '� . . "
<br /> ,:�ti�My..b..,,,
<br /> - .. . ,:a���puw•tv. . � , .. . . . .. � :;.:qp�.il�t.�:.
<br /> , _.!?!'�:_S�'-�'-._�'---'-�_.__.��.._.:.L.'�--- -`+�' �'�.,�s-'.rh��----�--- tl _ �rm4t_. � •
<br /> .�� 98- �1�193�� - ---__.--- - --=�:
<br /> , TQG�'1'1�$C�4yITH a1t the la�srovements now or hereafter erected on the property,and all easements,appurtenances,and �
<br /> '' • fixt�ues naw oc Aemafter a pait of the prapeety. All replaceraents and additions shall also be covered by Wis Seeurity �
<br /> , - - � Ihstr�ant.A!!of the fssegoing !s re±'erre.d ro Ia tdfs Se�urity lnstrum�ent as the"propeny.' =
<br /> , � BORROWER CQVENAN7S that Boaower is tawfully Eeised of the estate hereby conveyed aad has tbe r�sht to grant and �
<br /> , convey the Pronerty and t�ut the Property is unenewttbered.eacept for encumbrtinnces of record. Borrower warrants and will "�°
<br /> : r
<br /> � � �'.'•�. defend generully the title to the Pcoperty against all claims and demands,aubject to any encumbrances ot record. �
<br /> `'� THIS SBCURITY INSTRLIMENT combines uniform covenanu for national use and non-uniform covenants whh limited �
<br /> -- � variations by jurisstiction to consUwt�a uiuiforn�aecurity instrument covering real propeny. F
<br /> +: U1VIFORM COVENANTS.Borrower and Lender covenant and agree ag follows: _
<br /> , �"s : 1. Puyiptent oi Prtncipal ond Iaterest; Prepayment aad Late Charges, Borrower sha11 promptly pay when due the ��
<br /> �' .-��,:�.r princlpal q�,tmd iptenst on the debt evklenced by the Note and any prepayment and lace chargea due uader the Note. �
<br /> ��'"� � 2. Fu�rda t0r Tnxes and Insurance.Subject to applicablt law or to a wrltten waiver by L,ender,Borrower shall pay to
<br />:;<<'�'�'�""'� � I.ondar on.the day montlily paymeacs are due uader the Nate.uatil the Note ia paid in fuU.a sum('Funds")for:(a)yearly taxes -
<br /> •;.'�. as�d asse&snae�t►t�wbich may attain prioriry over this Ses�►rity Insavmeat as a lien on ttie Property:(b)Yearly leaseteold payments .
<br /> ' ,` �' � %� � or Sround rents anche Property. itaay;(c)Yearly hazard or Property iasurance premiums�(d)Yearly flood iaaureuce premiums.
<br /> , ':-•k;, � if aay: (c)•yestr�y mortgage iasurance premiums.if aay; and(�any swns payable by Borrower t�L,ender,in accordauce with
<br /> �,':,; :. �tte provislvns of paragraph 8,in lieu of the payment of morcgage insuzance prezniums.These items are called'Escraw Items."
<br />:.:�:,,� .: ; L,�ndBr may, at any time, coUecc aad hold Funds in aa amwunt noc to e�cceed the maximum amount a leader far a fedarally
<br /> >�� �,:;��.c.�-a. r�slatsd•mortgagB loan may requin for Borrower's escrow account uader the federat Real Estate Settlement Procedures Act of
<br />.=;i•'}'��,":�a:i, 11Si�4 as amended from time to time. 12 U.S.C.Sectioa 2601 et seq. ('RESPA").unless another law that applies to the Fuads
<br /> '"��"�" �'�'�� ; sctq a lesser amounc. If so, Lenda snay, at any dm�e.collect end hold Funds in an amount not to exceed the lesser amount. ,_
<br />.{�,•;����,(�;;t;;:; �, , , �ndar tnay estitpate the am�ouat of F1mds due on the basis of current data aad reasonable estimates of eapenditures of future -
<br /> '�;'.:F,;,;,� +• �SArow Icems or otherwise in aoc:ordanse with applicable law.
<br /> er
<br /> �'��?r�'•��� �` The Funds shell be held 'm an insdtuaon whose d siu are fnsured b a federal
<br /> :. �;•::;,�,,; �pO Y ageucY. inspumeatality. or entity
<br /> :�.�, �. ' (iacluding Lender.if Lender is such an imsritudon)or in any Federal Home Loan Bank.I,ender sbaU apply We Funds to pay the
<br /> ;�,:`... ';, •''` I
<br /><•:a'.::;;:•.h�? Escrow Items.Lender may not charge Borrower for holding and applying the FunclS,annually analyzing the escrow account,os
<br /> -�'` �`• � nnless Lender a s Borrower interest oa ihe Funds aad
<br /> ;:',>�,_.�y�;�•Y; verl�ng the fisct+ow Items, F Y applicable law permits Lender to make eruch
<br />..Yi•+;r;,.'.-, a charge.However. I.end� may aquiie Borrower to pay a one-ttme charge for an�pslependent real estate tax rqwrting seivIce
<br /> Lv,.E:� unrd b I.eader in conaectian with t6is loau, unless licable law rovldes othenvise. Ualess an a
<br /> _;;'.�;;' Y aPP P gnement is made or
<br /> --v applicable law requires interesC to be paid,Lender sball not be required to pay Borrower any tnterest or earniags on the Fuads.
<br /> _'sy;;�.. Borrower and L.e,adtr may agroe lu wriring,however,that interest shall he paid on the Funds. I.ender shall give to Borm�ver.
<br /> : - wltaout c�harge. nn annuai.ao¢ountiag of the Funds. showing cm,diu und.debits to the Funds aad the putpose for whirh each :
<br /> �""� debic to the Funds ivas ntade.74ie�nds are led ed as addidonal s for aU
<br /> T,� t ,� P $ ��Y s�s sec�red by this Securlry Insuvment. �
<br />'` '�%g If the Fuads held hy Lend�i e�ccecd the amouncs permitted to be held by appficable law,L,ender shall accc�uat to Borrower•.•-•.
<br />""`:�'�;',���' for the exoess Func�,c in accordana wlth the requireraents of applicable law.If the�atuoupt of the Fuads held by Leader az any., '
<br />°-"��;'•�.� � dme is not suff cieat to pay�the Eurow Items whw due,Ltnder may so.norify Borrower in writing;and,in such case Borrower � �
<br /> -:::R!oK�;
<br />-°_�-����::'-;� sha11 pay w l,euster ilie auiount naessary to malce up the deficiency.•Borrower ahalj tp�ce up the deficiency in no moie thau�
<br /> ----�=,��� twelve montlily�ayments.at I.ender•s aole discretion. �
<br /> �-=_YN�� UPea paym�ent ia full of ell sums se�a►red.by th9s.Securlty Insuument. Lender sbaU prompdy refund to Borrower mty
<br /> __.-��-� Fuads hetd by I.ender.If,under pvagraph Zl,Lander shaU�acquire or selt the Property,Lender,p�iur to the acquisitIoa or sele
<br /> - of the Pmgerry,sball apply any Funds held by Lender ai the time of acquisidon or sale as a crcdit tigainst the sums securcd Dy
<br /> ---__- — this Secutlty lastrumeat. ' ..
<br /> -_-- - 3.AppUeatlon of Pnymente.Unless applicable law providss otherarise�all payments rxeived l�y Leadcr uader paragrapha
<br /> - -"--= 1 arsd 2 sha11 be applied:first,to any prepayment c�harges due under the Note;secand.to amounts payable under paragraph 2;
<br /> - �d.,to interest due;fourth,to principal due;aad last,to aay lau cbarges due undcr the Note.
<br /> � �4.Chvtgts;Lieag.Bonowa sl�aU pay aU taxes.assess�nenu,c3�C8es.fiaes aad imposidons,atMbutable w the Propaty
<br /> _ which may alsraou�glFiariry over.this Sa�ity ilnsuumart, and IeasrIlald paymenu or ground reat9: if any. Borrower adall DaY
<br /> -- ___--_ thtse obltgatio�1�'the nianna ptovided'm paragraph 2.or if not paid,in thaz manaer,Bornower shall pay theat Qa time din�ctly
<br /> _.__� to tT►e pason owa!paymeat.Boriower shall promptly furnish to I.eader all notias of amouats to be paId unde�thi�paragraPh.
<br />
|