|
. :� .
<br /> ""'�e _.,R,a.
<br /> ....
<br /> , .:�'a�'!t1t;� _ _ .. . ..... .. . ,. _. -- - - ..__ =-...__._.:.:° -
<br /> >•.:
<br /> . _ ...��ti's,:y ., t Ly..
<br /> __ .. .. .., . ., .+. - - - -
<br /> . . .. -,f.2'.
<br /> ' . ' - • �.yGGilpl'n"_
<br /> . ' ' . . , .. � ... y,ns�
<br /> . , i .
<br /> . .. .. i . . . �-
<br /> 'POGETHGR WPfH all thc improvcmcnts now on c�rcaftcr crcctcd on thc property. �snd all cascments, appuncnlnccs, and ,� �,__
<br /> fixtures naw on c�rcnftcr a part of thc property. All rcplacements and additions shnll i1I50 bc covcrcd by d�is Sccurity I , ,--
<br /> lnsmimcnt. All of the foregoing ia refcrred to in this Sccuriry Instrumcnt as thc"Property." .'_
<br /> ..� AORROWER COVENANTS that Borrowcr is lawfully sciscd of thc estatc hcreby canvcycd and has the nght tu grant�ui�l _N_�
<br /> ..,,..,-�' convey thc Property and that the Propeny Is unencumbered, except far encumbrances of rccord. Horrowerwarrnnts and will ; _-.
<br /> ••^�� defend generally the title ro[he Property against all claims and demands,subject to nny encumbr�nces of record. � ___
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national usr,and non•unifoi•m covenants with limited '!
<br /> � variations by jurisdiction to canstitute a uniform security instrument covering rcal property.
<br /> UNiFORM COVENANTS. Borrower and i.ender covenant and agree as follows: � .
<br /> � 1. Payment of Principal and Interest; Prepayment pnd Late Charges. Borrower shall promptly pay when due ther ,�,..-
<br /> . �,,..
<br /> i principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Nate. Q :;:A___
<br /> ' 2. Funds for Tuxes and Ie�surance. Subject to applicable law or to a written waiver by Lender, Bonower shall pay to� -
<br /> Lender on the day monthly payments are duc under the Note,until the Note is paid in full, a sum("Funds") foe (a)yeazly taxes� ___
<br /> and nssessments which may attain priority over this Security Instrument as a lien on the Propercy; (b)yearly Icasehold payments� __
<br /> «.; or ground rents on the Propeny, if any; (c)yearly hazar d or propeny insurance premiums; (d)yeazly flaod insurance premiums,
<br /> if any; (e)yearly mo�tgage insurance premiums, if any; and(� any sums payable by Bonower to I.ender, in accordance with _
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called"Escrow Items." _
<br /> Lender may, at any time,collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> �; 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ('RESPA"),unless another law[hat applies to the Funds
<br /> � t sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not [o exceed�he lesser amount. �
<br /> L,ender may estimate the amount of Funds due on the basis of cuttent data and reasonable estiniates of expenditures of future .`
<br /> • � Escrow Items or othetwise in accordance with applicable law.
<br /> T h e F u n d s s h a l l b e h e l d i n an instirution whosc de posits are insured by a federal agency, instrumcntality, or entity _
<br /> " �, (including L,ender, if L,ender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Fun ds to pay t he -
<br /> Escrow Items. Lender may no[chazge Borrower for holding and applying the Funds, ann�i�lly analyzing the escrow account,or ___
<br />- = �crifyir�g thc Fs;,ro�:I:cr.:s, unless LPnder gay�R�n�wer imeresc on the Funds and applicable law permits Lender to make such _
<br /> � a chazge. However, Lender may require Borrower to pay a one-time charge for an independent real estnte tax reporting service __
<br /> used by Lender in coruiection with this loan, unl:ss applicable law provides othenvise. Unless an agreement is made or �i•;
<br /> � applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. �;`
<br /> . Bonower and Lender may agree in writing, however, that interest shall be paid on the Funds. I.ender shall give to Borrower, __��_ .
<br /> without charge, an annual accounting of the Funds, showing credits and debits ro the Funds and the purpose for which each �,_
<br /> debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Security Instrument. _
<br /> ' If the Funds hcld by Lender exceed the amounts permitted to be held by applicable law, Lcnder shall accou�u to Bonower -
<br /> for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any �
<br /> time is not sufficient to pay the 6scrow Items when due,Lender may so notify Bonower in writing, and, in such case Borrower _
<br /> shall pay to Lender the a��iount necessary to make up the deficiency. Bonower shall make up the deficiency in na more than
<br /> • twelve monthly payments,at Lender's solc discretion. —
<br />= Upon payment tn full of all sums secured by this Security Ins;rument, L.ender shall promptly refund to Bonower any _�
<br /> Funds lield by Lender. If,under paragraph 21, L.ender shall acquire or scll the Praperty, Lender,prior to the acquisition or sale
<br />_ of the Property,shall apply any Punds held by L.ender at the time of acquisition or salc as a credit against the sums secured by _
<br /> this Security Instrument. __
<br /> 3.AppUcatton of Payments.Unless applicable law provides utherwise,all payments received by l.ender under parugraphs F„� _
<br />� 1 and 2 shall be applied:first, to any prepayment charges due under the Note; second, to amounts payablc under pazagraph Z; :•µ��-_
<br /> 2 third,to interest due;fourth,[o principal duc;and last,to any late chuges due under the Note. -
<br /> 4. Churges; Liens.Bonowcr shall pny all taxes, assessments. charges, fines and impositions attributablc ro thc Properry _-
<br /> ,� which may attain priority ovcr this Security Instrument, and leasehold payments or ground rents, if any.Borrower shall pay ..k.""'�°"
<br /> � thesc obligations in thc manner provided in paragraph 2,or if not paid in that muuier,�3orrower shall pay thcm on time directly '����}��,-„�
<br /> � to the person owed payment. Borrower shall prompdy fumish to Lcnder all notices of amounts to be aid under this ara ra h. � �•-
<br /> p P 8 P �",�:r�`_�,`
<br /> If Bonower makes these payments directly,Borrower shall promptly(urnish to Lender receipts evidencing the payments. ��Y�.,.�'�!��:�__:,
<br /> Borrower shall promptly discharge any licn which has priority over this Securiry Instrument unless Borrower: (a)agrees in : ,:�:';�r
<br /> i writing to thc payment of the obligation secured by thc licn in a manner acceptable to Lender;(b)contests in good faith the lien _ �
<br /> � by, or defends against cnforcement of the lien in, Ie�al proceedings which in the Lendcr's opinion operate to prevent the , .'�� .
<br /> enforeement of the lien;or (c)secures from the holder of the lien an agreement satisfactory to Lender suhordinating the lien to '"•,::•'
<br /> , tl�is Securiry Instntment. If Lender determines that any part of the Property is subjecc to a lien which may attain priority over
<br /> this Sccurity Instrument,Lender may give Borrower a noticc idcntifying the lien. Borrower shall satisfy thc lien or take one or ,
<br /> morc of thc actions sct fonh abovc within 10 days of thc giving of notice. �
<br /> � Form 302 9/90
<br /> - � �•6V(NEl iez+2�-o+ Pngo 2 ul 6 �n�ueU:��°
<br /> Io
<br /> � r---,—_.—.._
<br /> _ .. �
<br /> a
<br /> �
<br /> i I
<br /> �1 _ __- _
<br />
|