|
, , _,, .. . ---.
<br /> . _
<br /> • . �__- -.. .,_.-,.._���:,ec�o�a�sr:�.�=_:-:-
<br /> -�-�---_.._�....._.�. ..__�.__._ - - .._
<br /> �� �sa�.sz
<br /> TO()ETHER WITH tll tbe itapmvrments nnw or he • her erectod on the praperty, aM dl wemente,wppurten�ncea, and
<br /> flxtura now or I�ere�fter � part o[ the propr.rty, All replsoements and additlon� shxll also be covered by thl� Sa;urity
<br /> Inu�umeet. All of tbe toro�oia�ii refened to In thia Sacuriry Inaruma�t�u the•Propercy •
<br /> BORROWER COVBNANTS�hat Borrower ie I�wfully�aixd of�he atue hereby con�cyed u�d has the rieht to gruit and
<br /> oonvey the Property �ad thu the property ii une�cuwbercd, except for encumbru�ce�of record. �orrower wuranu and will
<br /> defead�eoeNiy tbe dQe to tlfe P�+operty a��lnst�I�cldm��d dertunds,subJ�xt to�ny atcumbru�aa of rceord.
<br /> THIS SECiIRlTY 1NSTRUMENT oon►bina unilorm oovenanu for n�tiorul use�nd non-uniform covenanti wi�h Ilmited
<br /> vuiuiont b�+Juri�dictiun to oonqirote�uniform eecurity in�trnment coverin�real pmperty. -
<br /> UNIFORM COVENAN'i5.Bornower usd l.rnder coven�nt and�roe u tollowr
<br /> 1. Pf��hM ot Pri�dPV u�d Lta�at: Prep�ynemt �ad L�te Chr�a. Barrower shall promptlY paY whm due the
<br /> pricreip�l of and intereat oa the debt evidecxxd by�he Note wd mY P�MYmrnt�nd late yhar�a due under the Not�.
<br /> 2. Fbnd��ar Taxe4�nd Iun�ranee. Subject to�ppUcable law or ta a wdtten wdver k+y l.ender. Bomower �iull pay ta
<br /> I.aYkr on the day manthly payments are due under thc Note,untii the Note ie p�id in full.a:um('Fw�d�')for:(�t)yeuly tues
<br /> ud a�esaments whieh may utain priarity over this Socuriry instrumrnt aa�lian on the Property;(b)yearty loasehald payaoentc
<br /> or arc�und renu on the Prnperty,if iny:(a)Yearfy hu�rd or pmpetty lnatruue premlunu:(d)Yeuly flood insuruice premlum�,
<br /> if�ay; (o)yeuly tnort�age iiuuranae pmmlutns,lf aay; �pd (��ny aums payable by Borrower ro Lender, in�oAO�duwca with
<br /> the provlsionf of p�ragnph 8, in lieu of the pa,yment of mort��e iruuru�ce premiucns.'I'hese itertu are c�lled "Escrow Iteme."
<br /> l.eoder may, u aay time. ooAect u�d hold Fund� In an utwunt not to �xcaed the maxiruum unount a lender for�federally
<br /> relaoM mortg�ge lan mry roquire for Borrowet9 escrow account w�der tbe federel Real Estue Setdea�eat Procedura Aa of
<br /> 1A74�u.�ended from dme to time, 12[J.S,C. Section 2601 et sey. ("RESPA').unlas another law thu�pplia to the Fund:
<br /> ael�a lassa amaunt. IF so, L.eader ttuy, at u�y dme, coflect and hold Fut�ls In an unount not to excad the les.�a amauat.
<br /> L�endes m�y euinwG thg amount of Funds dua oa the basls of current data aud rcawruble atitn�ta of eupenditura of futu�
<br /> F.�crnw Ttttta or otha�wise ia a000td�noe with�pllcable l�w.
<br /> � 7'6C Fuads �lu�ll be held in m uudt�tion whoae depo:its ue iqsurod by � federal agaxy� instnimenulity,or eatity
<br /> (lacludin�Lender,if I�dor i�wch an institutioa)or in any Federal Home Lota Bank.Lender atWl�pply the Funds to pty tbe
<br /> Fxnrw itertu.L�a�der may not c h a r�e Borrnwer for ho ldi�u�applying thc Fwkle,annwlly analyzinQ the escrow aroount.or
<br /> �fY��$��� 1tem�,unku I,ender p�ya Bor�+ower iatecest on the FuniL�od apglicable law permits Lender to make wch
<br /> a diarse.Howeva.I�eader may require gorrower to pay x one•time chuge for m indepeadeat re�l adate tu nportin6 iervia
<br /> wed bY l.eader in ooanectian with thb lom. .uniq� applicablo law provida othecwiae. Un1aY an �neetaau ia made or
<br /> applkabk lsw�roquirc.�interest to be pald. Lendar eh�ll not be nquirod tu pzy Borrower any inte�est or r,arningt on tbe Funds.
<br /> Borrow�er aod L,eader maY�ree in writin8�howcvCr,that interat s[u�ll be paid on ttu Funds. L.a�der slull give to Borrower,
<br /> w�itbout chaile, an umtul aor_.tr�Mi�ti(t_l�_F.�t !hL�!:'!7!a ZlL�'sL•.:.5� �5:�2C i}S:.°i33Si�t::.3 i�:s yiLy3a.c�'v7 wniu�dau�
<br /> . debit to the PaMs�s msde.'I'Be F�u+e piedgaC ou addition�l aecurity for�II aime eocured by tlua Security lm�cumeat.
<br /> . If tAe Funds hatd•by I.axler exoeod tLe u�ounts pa�mitted ta.be held by applicable law, [.amer�hall�oc�ount to Bo�rrowu �
<br /> ' for tbe eaoess Fund�'•ia�000�daoa with the ceqj�ircmenta of applir.�ble law. If the amount of the Funds held by Leadcr u any '
<br /> ,• time i��sufficimt to pay the F.rcrow Iteaa wh�rt tive. I.eader 7n�y w notifjr Borrow�er in wdtin j��nd. in sunc�a+e Ba,�rower
<br /> tbdl pj}�'{a.I.eaider the unount neoes�cy to malce.up the deflci�nCy. Bornoa^er aball ron��llce up the deficieucy in ao moc+e tban
<br /> tw�dve moUtbly paymeptt�at I.ender'a iole dl�atitlon.
<br /> •`s Upon prymea"t in full of tll aura iecucal by thia Socuriry Imcivment, I.aider ahali pmmptiy refwid to Bonower any
<br /> , � Auah Leld by l.eader.I[, under p�ragt�ph 21, Y:c�uler sh�ll acquite or xll tLe Property,L.e�der.Prior to tbe wcquisitiop a tak
<br /> of tbc P�ope:ty, s6�U ipply any P�n�d�pdd by Leader at thc dtpe of acquisitioa or wle a�a crodit�gaimt the wms aocutpd by
<br /> thi�Seauity I�trummt.
<br /> 3.A�pYaRio�af la��e�ts.Udeu applic�ble law providec othcnvise,�II pxy�raxived by i.�anJer under pu� ::,;;-=
<br /> 1 �d 2 dWl be applied: firrt, to�nY P�P�dur6a due uader the Note;seoond.to�naunu payablc ucider puKraph 2; •
<br /> third,to�u due; 1�wM,to princip�l due;and last,u��ny 1ue chuga due ti�der the Note.
<br /> 4. ,r,�on�o,vec,hau p.y dl uus,�ts,chugp.�tlnes ana iropaitions�ta;b+,tabto w tbe Prc,perty
<br /> +MYV m��w�et thli Security lduumeat. �nd l�d paymmts a 6rottnd ients, if any.Bo�tol�er sh811 pay
<br /> thae abllgatioo�iu the m�ooix provlded in prasc�ph 2�or if not paid in that m�oner,Bomowa sh�il p�y tbam on,time:dt�e�xly
<br /> to the pei�on orr�d pyymeat.Hocreaer�hall P�'omptlY fY�rniih to Lender all notioa of amounW to be paid undtr this pira�r�p6,
<br /> lf BorroMer m�e�the�e paymenu direaly. Sorrower thW promptlY tumiah W�.L�eader teoeipq evideacing��ho:p�ymean.
<br /> BotYOwer thall PrnmptlY dijc2urge rwy lie�whicL has pr�ority ova thi�Security Inanwxat ude�t�iottower:(a)Agree�in
<br /> w�ricinj W the paymeat of tbe oWi6�sion�ec.wed by the liea in a mu�cner�oceQtable to Lendor;(b)ooateus in�ood lxith tbC 11ca
<br /> by, or deteadi.s�inat eaioroemrtii of d�e lka in� le�i procooding� which in tLe Leadcr's opinion opaate w prevax tbe
<br /> e�orxa�eat of�ttu 11cn;oe(c)�ecures fmm the holder of tbe liea w agroeaxnt s�tisfsdory to I.eader wbordtn�rins t6e liai to
<br /> this 5ecurity lmdeumcnt 1f L.eader daamina th�t auy part of the Propaty is wbjea tn�lieu svhich may+ttain prbrity over � ..
<br /> tha Secudry ynuruiriau,i.eader u�y�ive Bocrower a notia identityin�the liai.HO[t+owe!tball t�iffy t�e IICn o[takC one or
<br /> more di t}ie action��et torth�twve within 10 daya of the Yiving of notke. .
<br /> ., ��i1NMp I!l1b.Ot f�3025 lf10
<br /> nq.:oes
<br /> YUII�Y:
<br /> a
<br />
|