|
_,.. ,. , .. . �,��n......�
<br /> , ,. � .
<br /> �� , . , _ __---...._.�.......,s_:. -,.,�..�,_�
<br /> w� - - -;yii�xreoaa+n=_�--�-__=—: -_
<br /> �y��a..r.'._�.-u�t�.�_.s..:...�_
<br /> __..__._ _. __._-... _
<br /> 98- 11os4o
<br /> TO(iETHER WITH �Il the improvemenu now or hercaher erected on the property. u�d a�l euementa,sppurton�ncea, and
<br /> flxtura now or her�fter � part of the property. All rcpl�cement� �nd �ddidons �h�ll xlt�o t,� covered by thl� Security
<br /> Irutrument.All of�he tore�oin�1�referrod ta in thi�Sn:u�ity Instn�ment aa thc"Propeny.'
<br /> BURROWER COV�NAIVTS th�t Borrower is I�wfutty saiud of the est�tc hereby conveyed and has �ho right �o gr�nt�nd
<br /> convey the Properry uid thu tho Property ia unencumberod, except far encumbruice� of record. Borrower wur�nta and wlll
<br /> doknd�enerally ttia title to the Property��In�t dl cl�lrtu end demu�di,�ubJect ta�ny rncumbru�ce�of rrrnrd,
<br /> THIS SECURITY 1NSTRlJMBNT cambine�unlform covenu�ts for n�tlon�l uk�nd non•uniform cc�venMto w(�h Ilmltod
<br /> v�rluloro by Juri�dictlon to conuitute a uniform xcurity iru�rument coverin�rcxl property.
<br /> UNIPORM COVP.NANTS.Borrower�nd Lender covenmc u�d�groe iu fallow�;
<br /> 1. Parment of Yrfuclp�l �nd Inta�at; C'rep�yment rnd I.wte Ciu�r¢e�. i3orrawcr st�all pron�ptly pay when due the
<br /> princip�l of and intenxt on the debt evidrncsd by tl�e Note and�ny prcpayment�nd I�te chuQes duc under the Notc.
<br /> 2, Fl�adr for T�xa wnd Iruursnce. Subject to�pplicable l�w or to a written waiver by L,ender, Burrower shall pay to
<br /> Lmder on tha d�y manthly payments ue due utxler t6e Note,unttl the Note is p�id in full,�sum("Funde")for:(A)yeArly taxe�
<br /> u�d a�aea�menta whtch may�ttdn priarity over thia Security Instrument as a lien on the Property;(b)yeuly le�ehold paymenta
<br /> or grow�d nnta on thc Pm{xny,if�uty;(o)yeatly huud or proporty incur�nce premiums;(d)yeuly flood InsurAnce premiums,
<br /> if aay; (e)yearly mongage fnsurance prcmiums, if�ny; �nd(�rny eums payable 6y B�rrowor ta Lendcr, in accordance with
<br /> the proviaiona of pira�raph g, in lieu of the payment of mortg�ge insuru�ce pramiums. These Items are called'Escrow Iterns."
<br /> Lender mny, at any dm�.collect and hold Funds in uo unount not to excad ths maximum unount a Irnder for a falerally
<br /> relued mnttgage lou►may require for Borrower'a escrow account undcr the federal Real Est�te Settlement Proculures Act of
<br /> 1974 aa unended trom time to time, 12 U.S.C. Sect(on 2G01 et seq. ("RESPA"),unless�nother ltw that applies to the Funds
<br /> sets a les�er �mount. If ao, l.ender may, u�ny time, collxt and hold Funds in an Amount not to excoed the leaser unou�[.
<br /> Lender m+�y estimue tLe unount of Fund�due on t�e basis of current data and rr.�wnable estlmaca of ezpenditu►es of Poture
<br /> Facrow Iterc►s or oU�erwise in accord�nce v►ith applic�ble law.
<br /> The F�u►ds shsll be beid in aa inttitution whose deposita au�e iasuted by a fodetii �gency, insuvment�lity, or entity
<br /> (iacluding Lender,if Lender ia auch an institution)or in any FederAl Home Loan Bu�lc. Lender shall apply the Funds to pay the
<br /> Facrow Item�. L,ender may not chuge Borrower for twldiag�nd�pplying ihe fiunde,uu►wlly u�alyzing the escrow account,or
<br /> verifying the Eacrow Itema,unles�Lender pqs Borrower interest on the Funds and�pplic�ble l�w permits Lerder to make such
<br /> a char�o.Howeva, I.rnder may require Borrawer to pay a one-time chuge for an independent real atue tu reportin�service
<br /> wed by Leader in oonnection with thia loan, unlaa agplicable law provides otherwlk. Unlesa an agroement i: made ar
<br /> applicable law requim intec�st to be paid, Lender dull not be required to pay Born►wer my interat or euninge oa the fiw�d�.
<br /> Brorrowa�nd I.ender a�ay�ra in writing,howeva,ttut intereat sha;l be paid on the Fwids. ll.ender sh�ll give to Borrower,
<br /> without charge, �n amual socounting of t!►e Fwjda,abowing credita u�d debits to the Fw�ds u�d the�x►cpoae for which each
<br /> debit to the F�was made. The Funda are pledgaf�u addltional security for all aum�aecured by this Secudty lnsteumeat.
<br /> � If the k�t�ds deld by La�da eaceed tLe amounts p�cmitteu to be heid by appiicable I�w, I.r,�iuce�iii�li iw:a:uuui tu�uiv�e�
<br /> � for the exoess Funds ia axa�dmce with the nequircma�p uf appllcable lxw. If the�mount of the Funds beid by I.eader•u�ny
<br /> time i:not su�cient w puy the Facrow Itema when due, I.ender msy ec�notify B�rrower in writing,s�nd, ia such c�e Boirower
<br /> .,�_,,��r«�s;, r r.,,rr �►� �,�mt necaia�ry to m�k�up the deficiency. Bom�wer shall m�ke up the deficiency in ao mocs thin
<br /> twelve monthly p�ymeats,u La�dcr's�ole diacretion. •
<br /> Upon paymeat in tiill of�II suma securad by ahis Securiry Inatrument, Lencier siull pro�npUy refund to Borrower�ny
<br /> Fuads held by I�eader,If,under paragr�.+h 21, I.ender s1W1 acquire or all t6e Property. l.a�der,prior to t6e acqui�ltiau o�sale
<br /> of the Property. ih�11�pply aay Faads heid by l.er�der u the time�of acquisitioa or�le a�a credit�ainst the sucni�urcd by
<br /> Wis Security insuumeat.
<br /> 3.Applkadon d R�nmeob.Unlas�pplicable.law provida otherwiu,al!payma�u reaived by I.ender wider puasrapiu
<br /> 1 ind 2 dhall be+�lial: first.to anY prepaYmeat chazgea due urrkr the Note; second. to unount�p�yd�ItaM�qr puyjr�ph 2;
<br /> third,to ittterat due:fourth. to princip�l due: md lau�[o any late c:h�rges due w�der ihe Note. .
<br /> 4.Clur�es;I.k�s. Borrower aha�l:WY all ta�w� assessments. c,hu�a, t►nea u�d impoaidons attributable to t6e Pioperty
<br /> whic� may attain priority ova th9a Securiry Inurutaent, aad Ie�sGbold paya�nts or growd rents, if any, Borrvwer :hall QaY
<br /> thae obli�atioos fn tbe�r pmvided in paa�raph 2,ar if not paid in thAt manner,Borrowa i6�ll pay tlkm on time directly
<br /> to tbe ppyon owed p�ynnast. Borrower shall prompdy f�uni�sh to i,ender�ll iwdas of�mounw to be paid unckr thi�puajrap6• .
<br /> If Borrower maka thae p�yma�ta diroctly,Borrower ahall ptomptly fumiah to I.rnder reaipv evideacing t6e ptyma�u.
<br /> Bota�.ower sh�lt promptly di�charge any lien which h�a priodry ov�r thia Securiry Instn�mrnt unleu Bomower:(a)agrea in
<br /> writin�to the paymeae of the obiiguion aocut+od by the lien in a raanner aocepcable to Lender:(b)ooateats in good futh tbe liea
<br /> by, or deknda uaimt enfocCement of the lien ta, legal procadivg� which in the L�a�dar's opinion 4perate to pnweat tbe
<br /> enforcentrnt of tLe lien; or(c)setures from the holder of the liea an�groemenc s+uistactory to Lender aubordiauing t6e lien to
<br /> thit Secudty Irsuument. if Leoder detetmines tlut�ay put of the Property te subject to�lirn which m�y atuin prindty over
<br /> th;s Security Iwtntma�t, Lender may:give Borrower a notia�dentifying the lien. Bomower sh�ll satisfy the lirn or txice one or
<br /> more of the�ctions set forth above withln 10 dafe of the giving of notia.
<br /> r•o.m aot� �No
<br /> �•6qINH1 r�ztzi.os rq�a oi e w,n�w:
<br /> . .
<br /> _ _. __
<br />
|