|
�� . ... _ . ..
<br /> , _-., ._...,� . ..
<br /> . . j�- _
<br /> ..' . .. _ y`� . ,� �u _ _ _.
<br /> il�. .. ..��.y .,�� a..�.•..,. � 'uron�i.�`- L'��. --'
<br /> ' ���,�,� .... . . - � . �_.. wlu,`,lSx_1vf���.'Y��m.?L^•_'.'s� — -- —
<br /> �" ��R17�.c�1•:,'�•'�}�!W�.:.�;i.'ytilti�tli'4 .•,s�.
<br /> . !4a�
<br /> . ._ • __ ._�,� �
<br /> ., �. :���ar.-= " -�-.�-_-
<br /> � � . .. . ... _ . _ ,..,..�.�..�.�*.-�•---•-^�'-�.......m......, ___-
<br /> .«...
<br />_'._ '�
<br />-�.:�.�� 9�- ��q��r
<br />=r:-�.�x� `i�iGEiriEe`�WI'FH all ti�e iva�r.avemeat�now or hereafter erested on tho property.and all easem ts. ppurtcnances. and _
<br /> """`: . fixtures aow or hereafter a part of the property. All replacements and additions sh:Jl aiso bc covcrcd by this Secndty =_
<br /> „�i�s" Iustrumcnt, All of the foregoing is referred to in ttils Securiry Instrument as the"Property.' E�
<br /> � t� BORkOWER COVENANTS that Borrower is lawfully seiscd of the estate hereby conveyed aad has the right to grnat and
<br />-���:� y �ny is unencumbered,except for encumbrances of record. Bonower warrants and will _
<br />..=��;.:, conve the Pro and that the PropGrty ._
<br />-y:;�; '' defend geaerally tde t[tle to the Froperty against ail claims and demands,subj�ct to any encumbrancrs af record. __
<br />�:�=:� THIS SECURITY INSTRUMBNT combines uniform covenants for aational use and non•uniform covenants with limited �
<br /> • variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />.°��'��'!_� UNIFORM WVBNANTS.Borrower and Lender covenant and agree as fallows: `
<br /> �,��� 1. Peyraent ot Principal and Interest; PrepAyment oad Late Charges. Banower shall promptly pay when due the
<br /> _��� principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> f � 2. F�nds for Taxes smd Insurance.Subject to applicable law or to a written waiver by L.ender,Bonow�r shall pay to
<br /> -;;y�: L,ender on the day monthly paymenu are due under the Note,until the Note is paid in full,a sum("Funds")for:(a)yearly taxes
<br /> a°�"� anA asses�ments which may attain priorIty over this Security Insmiment as a lien an the Properry; (b)Yearly leasehold paymeau
<br />_ , or ground renes on the Property.if aay;(a)Yeazly hazard or property insurance premiums;(d)Yearly tlood�accoc rdance witb
<br />--~:`"�;� if any; (e) yearly mortgage lnsurance premiums. if any; and(�any awns payable by Borrowcr ta Lender.
<br /> =_= the provieinns of paragrnph 8, in lieu of the paymeat of Aiortgage insurance premiums. These iterns ars called "Escrow Itams.'
<br /> �-_--� I.ei�ier may,at aay tiux, collect aad hold Fuada in an amount aot to excecd the raauimum umouat a leader for a fedcrally
<br /> -- related mortgagc loan may tequire for Borrower's cscrow account uadcr the federal Real Estate Settlement Proctdurca Act of _
<br /> 1974 as unandcd frum tima to time, 12 U.S.C. Sect{on 2b01 et srq. ("RESPA"),tuilesa another law that applies to the Funda _
<br /> -- � seta a lesser uaaunt. if ao, l.ender mny. at any Nme, collect and hold Funde fn en amount not to exceed the lesser ainouat. _
<br /> I.ender msy atlm�te the amnunt of Funds due on the basls of curcent data and reasonable estimates of eapenditures of future
<br /> Etcrow Itettu or atheiwit�in+�ocordance with applicable law.
<br /> Tho Fuads�hall bo hcld in un inatitution whose depoaite are insurcd by u fedcral agency, instrumentality. or enttry
<br /> (includtn� l.ender,if Lender ia auch na inetttution)or in any Federel Home Laaa Beak. Lender shatl apply the Funde to pay the
<br /> ---- Eecmw Ite�►u.l.ender may not chargo Borrower for holding and applying the Funde,anAUally analyzing the escrow a�:count.or
<br /> vcdfyinQ the Eacmw Items.unleas 1.ender pays Borrower intorest on the Funde and applicable law permlts Lender to make such
<br /> a chu�e.However, Leader may requlre Borrower to pay a ono-titne charge for an indapendeat neal estate tax reportu►8 servIce
<br /> uaed by Lead�r la connection with this loan, unless applicable law provides otherwlae. Ualess an agretsment is made or
<br /> �pplicabl�law requires interest ta be paid,I.ender sball not be required to pay Boaower any inurat or earaings on the Fund+.
<br /> Borrower and I.ender may agree ia wdtinB, however, that inurest shall be paid on thc Funds. Lender shall give to Bonower,
<br /> �,.��au=���� �g���rn�intinw of the Funds. showin2 cmdita and debits to the Funds and the purpose for whlch each
<br /> debit to the Funda was made.The Funds are pledged as addittonal secuclty for all suma saured by thIs Securiry insuument.
<br /> If the Funds held by Lender excad the amouats permttted to be held by appl{cable law,Lender shall account to Borrower
<br /> for the oxceas Funds in accordswce with the recluirements of applicable law. If the amouat of the F�nds held by I.ender at aay
<br /> time ia not suf£cient to pay the Escrow Items whea due, I.endcr may so nodfy Boaower in wrlting,and,in auch case Borrower
<br /> shaU pay to L�nder tho amount necessary to make up the cleficlency. Borrower shall make up the deflcieney in no more than
<br /> twelve mont6ly pryrnrnts,at L.ender's Role discredon.
<br /> Upon payment in li�U of all sums securod by this Security Insuument, Lender ahall proinpdy nfuad to Borrower any
<br /> Fuads held by Lender.If,under paragraph 21,I.en�er shaU acquire or sell the Property,Irender, pdor to the acquisltion or sale
<br /> of the Proge�ty,ahall apply any Fuads held by Lcn�er at the time of acquisition or aale es a credit against the sums socured by
<br /> ---
<br />
|