|
�� " ' :--
<br /> .��� , . „ " ��'��v ` �. :-.�..
<br /> .
<br /> .
<br /> � . . ..
<br /> . ..,. ,
<br /> „��. . ---- — --
<br /> ....... ----__. --___-- —
<br /> --- --- ----...._..__...___.__.....___-------------------------.... —�------ _._.---------._ . . ��- - ---- _�.
<br /> p�. .
<br /> ,—.�_—�...... .
<br /> __._ ""— .......__ ' yT -_
<br /> ., �� � - .. .. __. . - - `_' _ _ . � .'L�.. ., ..
<br /> ,. ,� .. . . - "`_ q:�:---
<br /> �� .. , .. ^ o .. �:.r!-.
<br />_ _ .. ' �.t:..s.'=-!'
<br /> . . ' ' . . ' fY�'
<br /> .. � , . ti `:'{;���
<br /> . .. � ' � .., N'q�jV_:
<br /> . . I . . . _, u - ,. �.. �. . .... .... . . .. .. . _ ... . 1 ,`(*`
<br /> �
<br /> - I �7-� ��i44�� � _,ti���
<br /> • _ I TOGETH&R WITH all the improvcments now on c�rcaftcr crcctcd on thc property,and ell cuscmcnt.y, appurtcnences, and ,��T=
<br /> ..;,�,:�--
<br /> fixtures now on c�rcaftcr n part of the propeny.All rcpl�ccrnentv and ndditions shuU also bc covcrcd by ihis Sccurity Insirumcnt.
<br /> " ` � , All of tt�a foregoing is rcferred to in�'�•s 5ecurlty Instrumcnt a9 the"Property." _"`'�`
<br /> �'"'�� BORROWER CUVENANTS that Borrowcr is lawfully sciscd of the csta�tc hcrcby wnvcycd and hus thc right to grant and --
<br /> convey the Property and that the Property is unencumbered,except for encumbrances of recard. Bonawer warrants und wi11
<br /> ` defend gene.rally the title to the Property agninst alt claims and demands,subject to any encumbrances of record. :;,._
<br /> ` TFiIS SECU1tITY INS1RUIvIEIV'f combines uniform covcnants for national usc pnd non-uniform covenants with limitcd �:�_=-
<br /> ►i variations by jurlsdIcdon to constitutc a uniform sccurity instrument covering rca]property. ;l__ _
<br /> � UhTIFORM COVHNAIV'T�.Borrowcr and Lender covenant and agrce as follows: '"°`
<br /> ' ,,� 1.PAy m e n t o f P r i n c i p A l a n d I n t e r e s t i P r e p s t y m e n t A n a i L A t e C h p r g e s. B o r r o w c r s h a l l p r o m p d y p a y w h c n d u c t h c -_
<br /> principal of and interest on the debt evideneccl by the Note and any prepayment end late cherges due under the Note. _
<br /> 2.F'unda tor Taxes and Insurance. Subject to applicable law or w a wriuen waiver by Lender, Borrower shaU pay to
<br /> L.cnder on thc day monthly paymcnts arc duc undcr thc Note,until thc Note is paid in fuU,a sum("Funds")foe(a)ycarly texes �
<br /> � and assessmenis which may auain priority over this Security Insm►mcnt as a licn on thc Ptoperly;(b)ycady Icaschold paymcnts �;:
<br /> a or g�ound rents on the Properly,if a��y;(c)ycarly hazard or property insurance premiums;(d)yearly floal insarnncc premiums,if �;:
<br /> �, any;(e)yearly mortgage insurance premiums,If any;and(�any sums payable by Horrower w I.ender,in ar,cordancc with thc
<br /> provisions of paragraph S, in lieu of the payment of mortgage insurance prcmlums. These items arc called"Escrow Items." �.
<br /> Lender may,et any time,coAect and hold Funds in an amowit not to exceed thc maximum amount a Icndcr for a fcderally rclated
<br /> �� mongage losn may require for Bonower's escrow account under the federal Reai Estate Settlement Procedures Act of 1974 as
<br /> amended from time to time, 12 U.5.C.Secdon 2b01 et seq. ("RESPA").unless another law that applies to the Funds scts a lesser
<br /> �_ amounG If sa,Lendcr may, at any time, collect and hold Funds in an amount not to cxcced lhe Iesser amaun� Lender may _
<br /> , esumate the amount of Funds duc on the basis of current data and reasonable estimates af expcnditwcs of futurc Escrow Items or
<br /> otherwisc in uccordancc with bppllcablc law.
<br /> ��� The Funds shall be held in an insdtudon whose deposits are insuced by a federal agency,instrumentality,or entitv(including —
<br /> • Lender,if Lender is such an institudon) or in any Federal Home Loan Banlc.Lender shall apply the Funds to pay the Escraw �
<br /> - � I�ii�s.:.w��er may not charga�orraa�r far:�olding and appl�sssg s�e Funds.enn�lly an_aly?�ng ehe e.cerow accoun�or�verifying
<br /> � the Escmw Items,unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge.
<br /> �, However,L.ender may require Borrower to pay a one-time charge for an independent rcal estate tex reporting sen�ice used by
<br /> �. C.ender in connecdon with this loan,unless applicable luw provides otherwise.Unless an agreemer+t is made or applicable law
<br /> requtres interest tn be ps►id,Lender shell not be required to pay Borrower any interest or earnin�s on thc Funds. Borrower and
<br /> Lender may agree in writing,however,that intcrest shall lx:paid on ihc Funds.Lender shaU give to Borrowcr.without charge,an
<br /> annual accoundng of the Funds,showing credlts and debits to the Funds end the purpase for which each debit to the Funds wes
<br /> made.'Ihe Runds are pledged as additional security for all sums secured by this 5ecurity InstrumenG
<br /> If the Fwds held by I.ender exceed the amounts permiued to bc held by applicable law,L.cnder shell account to Bocrower for
<br /> the excess Funds In accordence with the requirements of applicable Inw.If the amount of the Funds held by Lender at any dme is
<br /> not sufficient to pay the fiscrow It�ms when due,L.cnder may so notify Borrowcr in writing,and,in such case Borrower shall pay -¢
<br /> f to Lendu the amount necessary to make up the deficicncy, Borrower shall make up the deficiency in no more than twelve
<br />_ monthly paymcnts,ut Lender's sole discrction. .
<br /> . . � Upon payment in full of all sums secured by this Security Instrmnent,Lender shall prompdy refund to Borrower any Funds �.
<br /> r hcld by Lcnda. If,undcr purngraph 21,Lcnder shell acquirc or sell the Property,L,ender,prior w thc acquisidon or salc of thc ��_.,._
<br /> 4' PropeRy,shall apply nny Funds held by Lender at the time of acquisition or sale as a credit against the sums securec!by this ��-
<br />:' �� Sccurity inswmenG �
<br /> 3. Appliatton of PAyments. Unless applicable law provides otherwise,all payments recr.ived by Lender under paragraphs �;°
<br /> • � �
<br /> • � 1 and 2 shall be applied: first,to any prepaymcnt chargc;s duc under the Notc;sccond, to a�nounts payable under paragraph 2;
<br />_ , third,to intcrest duc;fourth,to principal duc;and last,to any late charges duc under the Note. f'^=.
<br /> � � 4. Charg�v; L(ens. Borrowcr shnil pay all wxes, assessments,chnrgcs. Cines and impositions attr�butstblc to ihe Property --
<br /> . which may atlain priority ovcr this Security Instrumcnt,end Icasehold payments oe ground rents,if any. Borrower shtill pay�hese -
<br /> obligations in the manner provided in paragraph 2,or if not paid in thut manner,Borrower shall pay them on time directly t�thc _
<br /> person owed paymenG 8onower shall promptly furnish to Lender all noucts of amounts to be paid under this paragraph. If _--
<br /> Bonowcr makes thcse a ments direcd ,Borrowcr shall rom d fumish to I.cnder rccei ts evidencin the a ments. "`s��--
<br /> P Y Y P P Y p E P Y =�,:�,�,,
<br /> � Borrower shall prompdy dischargc any lien which has priority ovcr this Security Instrument unless Borrowcr: (a) agrees in . -
<br /> writing to the payment of ihe obligation sec�ucci by U�c lien in a manner xceptable to L.ender;(b)contests in good faith the lien
<br /> by, or defcnds against enforcement of thc lien in, �egal prceeedings which in the Lender's opinion operote to prevent thc
<br /> enforcement of the lien; or(c) secures from the holder of the lien an agrecment sausfactory to Lender subordinaang the lien ro
<br /> this Sccurity Instr�ment.If Lcnder dctermincs that any part of thc Property is subject i.o a licn which may uttain priority ovcr this ,
<br /> ' Security Inswment, Lender may give Bonower a notice identifying the lien. Borrower shall satisfy the lien or take one or more
<br />- of thc acuonssct forth abovc wiU�in 10 days of the giving of nodcc.
<br /> Form 3026 9l90
<br /> ' �-6R(NE)192t 21�01 Pape 2 010 Inlllalt: .,
<br /> 0
<br /> • �
<br /> ' _ _ - -
<br /> _ _
<br /> �.�L_ _
<br />
|