|
� .. ....
<br /> ,
<br /> ,:a�..,,.:_.
<br /> • .. �. > .. . . - --
<br /> _ � --�- _— — ',�;;�k��.:��._
<br /> ..... �_.__� ---_..._. - -- - — -
<br /> ; _ _._... ��.... -.. _ _
<br /> ___. � .� '�
<br /> . . ���
<br /> , ._.. .. • � � - . . --- -
<br /> ..
<br /> . . �wn�h`+�•awiw��('�s .... .-. ...-
<br /> .,...,.: . :��.. .. ., .. �
<br />-- v . i ' w .nflMitivil� Wtu4r..rs..�.....�...........,..n�nN . .. . . _ . __^.. . _
<br /> =k�K.Qi-. ...L�r .
<br /> 1',ir�L• � ' —
<br /> .•r'�,�,�.74�'�',.;..l•
<br />_ M�..�'� � �y �7
<br /> �'� �'1.r
<br /> � � "' i1a�26 __
<br /> � . "� �onN No. 9769903 -Y'
<br /> �: , � _
<br />�' ' ' TO(3FTH�R W1T'H all thc Improvcmcnts now on c�reaftcr erectcd on thc propcny, and all cascmcnts, �.
<br /> �`� appurtenances, and fixtures naw on c�reaflcr n part o f t hc properry. A l l rep lacemcnts an d a d d itions s hn l l a lsa b c
<br /> .�� "' covered by tMs Security Instrument.All of the foregoing is referred ro in this Securiry Inscniment as�he "Propeny." �=-;�
<br /> - ' :. -� BORROWER COVENANTS thnt Borr�wcr is lAwfully scized of the estat� hcrcby convcyed nnd has thc right ta
<br /> grnnt and convey tho Propeny and thac the Property is unencumbercd,except for encumbranccs of record.Borrawer ����
<br /> , , ,_,r warrants und will defend gen¢rally tho title ta the Property against all claims and demands, subjcct to any �_:
<br /> ,, � ��Mp�� encumbra��cxs uf'record. �-
<br /> ,�J��'' ? THIS SECURITY 1NSTRUMENT combines unlform covenants for national use and non•unifocm covenants with
<br />` llmlted variations by jurisdiction to constiwte a uniform security instrument covering real propeny. -
<br /> z. � , UNIFORM COVBNANTS.Bonower and Lender covenant and agree as follows: —
<br />_ j 1.Payment af Principwl end Interest; �repayment and Late ChArges. Borrower shall promptly pay when due
<br /> � the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the _
<br /> Notc.
<br /> ' . 2,Funds tor'Taxes and Insurance. Subject to applicable law or to a wriuen watver Uy Lender,Borrower shall pay �-
<br />-. ' to Lender on the day manthly payments are due under the Note,untll the Note is pAid in full, a sum("Funds") for: (a)
<br />_^ � yearly taxes and assessments which may attain priority over this Security Instrument as a llen on the Property; (b)
<br />- � yeazly leasehold payments or ground rents on the Property,if any; (c)yearly hazacd or property insurance premiums;
<br /> � (d)yearly flood insurance premiums,If any; (e)yearly mortgage insurance premiums, if any;and(�any sums payable
<br /> : ' ' � by Bonower to I.ender, in accordance with the provisions of paragraph 8,in lieu of the payment of mortgage insurance
<br /> � .:'.�` prtmiums.These items are called"Escrow Items."Lendcr may,at any time,collect and hold Funds in an amount not to
<br /> - ' • excecd the maximam amount a lender for a ferlerally related mortgage loan may require for Bonowor's escrow
<br /> ' '��" account under the fedcral Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C.
<br /> N . `"•'�'. Section 2601 et seg. ("RESPA"), unless anothcr law[hat applics to the Funds sets a lesser amount. If so,Lendcr may,
<br />_� � � • at any time,collect and hold Funds in an ampunt not to exceed the lesser amount. Lender may estlmate the amount of
<br /> . Funds due on thc basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise
<br /> s' '' in accotdance with applicable law.
<br /> The Funds shall bc held in an institution whose deposits arc insured by a federal agcncy, instrumentality,or entity
<br /> � • (including L.ender,if I.ender is such an institution)or in any Federal Home Loan Bank.I.ender shall apply the Funds to
<br />,•�' pay the�scrow Items. Lender may not cl�arge Borrower for holding and applyi»g the Funds, annually analyzing the
<br /> • escrow account,or verifying the Hscrow Items,unless Lender pays Honower interest on the Funds and applicable law
<br /> `� pennits Lender co make such a charge. Hawever, Lender may require Borrower tu pay a one-time charge for an
<br />=:�"; t.�� "'~ independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law
<br /> � � provides otherwise. Un:ess an agreement is made or applicatble law requires interest to be paid, I.ender shall not be
<br />-.,.�- �- -- required io pay Burrowcr a�iy inteicsi��eai,iings�n ihc i'i;rtds.�arrawcr assd L.snd�r may agrc;,in wriiis�g,ha�:eier, •
<br /> • � that interest shall be paid on the Funds. Lender shall give to Borrower,without charge, an annual accounting of the
<br /> ��"' � � Funds, showing credlts and debits to the Funds and the purpose for which each debit to the Funds was made. The
<br />;'`°"'"�' � Funds are pledged as additional security for all sums secured by this Security Instrument.
<br />_.;. : • If the Funds held by Lender excxed the amouncs permitted to be held by appltcable law, Lender sliall accaunt to
<br /> •• Bonower for the exass Funds in accordance with the requirements of applicable law. If the wnount of the Funds held
<br /> y:,,�,'� by I.ender at any timc is not sufficicnt to pay the Escrow Items when due. Lender may so notify Borrower in writing,
<br />_=�_��:, ;�,� and,in such case Borrower shall pay to Lender the amount necessary to make up the deficiency.Borrower shall make
<br /> - , up the deficiency in no more than twelve monthly payments,at Lender s sole discretion.
<br />=�;;_�._y. ;;�,,� Upon payment in full of all sums sccured by this Securiry Instrumcnt, Lcnder shall promptly refund to Borrower
<br /> �-- ���- • any Funds held by Lender. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prlor to the
<br />"�'-''•''• • ' ac uisitlon or sale of[he Pro en , shall a l an Funds held b l.ender at the time of ac u�sttion or sale as a credic
<br />;�;;:'�:��.��,�
<br /> . ,,,w,,.;;. against the sums secured by this Secudty Insprumenc. Y �
<br />�'"�!c.°���,r4; 3. Application ot PAyments. Unless applicable law provides otherwise,all payments received by Lender under
<br />:=- • � • - �••, paragcaphs 1 and 2 shall be app![ed: first, to any prepayment charges due under the Note; second, to antounts - -
<br /> •;!. . paysbie unde*pu�agraph 2;third, to interest due; fourth,to principal due; and last, to any Iate chazges due under the
<br /> . Note.
<br />— 4.Charges; Llens. Bonower shall pay all taxes, asscssments,charges,fines and impositions attributable to the
<br /> � ��h.� ,�� Property which may attain priority over this Security Iastrumcnt, and leaschold payments or grqund rents, if any.
<br /> � •� Barrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that ma�er, Bonower _
<br /> '�' shall pay them on time directly to the person owed payment. Bonower shall promptly fumish to Lender all notices Qf
<br /> ,'�����ti
<br /> y�,>>��,�:a..,-:-, � amounts to be paid under this paragraph.If Borcower makes these paymcnts d{rectly, Bonower shall promptly furnish
<br /> _ . � � to Lender receipts evidencing the payments.
<br /> ._,.. .�
<br />'_ ; � ..
<br /> • .c. w..
<br /> � �:`.-
<br /> ,� Form 3028 9/90 ''
<br />_ ELF�6R(NE)iviiz�.u� ve8e 2�n i��u�,if:,�
<br /> '
<br /> _ �
<br /> • I
<br /> � �
<br /> . �
<br /> -, I
<br />
|