|
� �� � ++r
<br /> ,
<br /> ' x,..r- ' { � r
<br /> , � . , M �I
<br /> . .
<br /> .�..�ri....w .. . . .__ --
<br /> . .�.L?r?L,_.-,.t!'�(i.'L�t —'-------- - � '�a:..-�==``_. __
<br /> �� ;tR� wati'y�.., . ... . «--✓„•�^���::�r%._�..-,�.-.._..n-.�.�.,--
<br /> � 98�- ��z���
<br /> TUGETHER W1TH all the lmprovenunts r�w or herufter erected on the property,and all euu�nents, nppurtcnanccs,and
<br /> fixtures now or heraafter ra part �F tlie property, All replacements and additions shall alu� he covercd by this Security
<br /> Inswrnent.All of the foregoing is refcrral to in this Securiry[nstrument us thc"Propeny."
<br /> BORROWt?R COV�NANTS that Bc�rrower is luwfully seisal of the estnte hereby convcycci und has the right to grant and
<br /> convey the Property und thut the Property is unencumbered, except for encumbrunces of record. Borrawer warrants and will
<br /> defend generally the eitle to the Propeny ugainst aU clwims uncf demunds, subject to uny encumbrances of record.
<br /> THIS 5EC'URITY INSTRUMBNT cambinrs uniforrn covenants for nntional use and nomunifonn covenunts with lindted
<br /> variations byjurisdiction ro cons�iwtc a uniform sccurity insirument covcring rcal property. _^
<br /> UNIFORM COVENANTS.Barrower and L.cndcr covenant and agree us fallows:
<br /> 1. Payment of Pr�ncipxl pnd Interest; Preps�yment and Late Chwrg�. Borrowcr shall pramptly pay whcn duc the
<br /> principal of and interest on the debt eviden:ed by the Note and �ny prepayment 1nd latc charges duc undcr the Note.
<br /> 2.Funds tor TAxes and Insurance. Subject to applicable luw or to a written waiver by Lendcr,Borrower shall pay to
<br /> Lendee on thc day monthly payments are duo under the Notc,until the Notc is paid in iull,a sum ("Funds")for: (a)yearly tuxes
<br /> and assessments which may attain priority over this Security Instniment as a lien on the Propeny: (b)yearly Ieaschold payments
<br /> or ground �tints on the Property,if any;(c)yearly hazard or praperty insurance premiums;(d)yearly fioal insurance premiums,
<br /> if any; (e) yearly mortgage insurance premium�, if any; and(�any sums payable by Borrower to Lender, in accordance with
<br /> the provisions of paragraph 8, in lieu of the payment of rnortgAge insurance premiums.These items are called "Bscrow 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 f�r Borrower's escraw account under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as arnended from timN to time, 12 U.S.C. Section 2601 et seq. ("RESPA"),unless another law that applies to the Funds
<br /> sets a lesser amount. If so, Lender may, at �ny time,collect and hold Funds in an amount not to exceed the Icsser amaunt.
<br /> L.ender may estimate the amount of Funds due on the basis of current data and reasonable estimAtcs of expenditures of future
<br /> Escrow Items or otherwise in accordnnce with npplicable law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumcntality, or entity
<br /> (including I.ender,if L.ender is such an institution)or in any Fedaral Home Loan Hank.Lender shnll apply the Funds to pay the
<br /> Escrow Items. Lender may not charge Borrower far holding and applying the Funds, annually analyzing the escrow account, or
<br /> verifying the Esctow Items,unless L.ender pays Borrower intcrest on the Funds and applicnble Inw permits I.ender to make such
<br /> a charge. However, Lender may require Borrower to puy a one-time charge for an independent re�11 estate tax reponing service
<br /> used by Lender in connection with this loan, unless applicable law provides othenvise. Unless an agreement is made or
<br /> applicable law requires interest to be paid, Lendtr shall not be required to pay Borrower uny inicrest or carnings on tl�c Funds.
<br /> Borrower and Lender may agra in writing, howcver,th�t inte��est shall bc pnid on thc Funds. Lcnder shall give to Borrower,
<br /> :vithc��t charga, p!i ann�!!�I necnuntin¢ of the Funds, shoK�ing credits und debits to the Funds und the purpi�se for which euch
<br /> debit to the Funds was made. The Punds are plcdged as additional scc:urity for nll sums s��caral by this Secunty �nstrumenc,
<br /> If the Funds held by I.ender exceed tho umuunts permittui to bc hcld by npplicable law,l.endcr shall account to Borrower
<br /> for the excess Funds in nccordunce with the rr,quirements of upplicuble law. !f the umount of the Funds held by I.ender at uny
<br /> time is not sufficient to pay the Escrow items when due, Lender may so notify Borrower in writing,and, in such cuse Borrower
<br /> shal! pay to Lender the amaunt nccessary to make up the defici�ncy. Borrower shall make up the deficiency in no more than
<br /> twelve monthly payments,at I.ender's sole discretion.
<br /> Upon payment in full of all sums secured by this 5ecurity Instrument, Lender shall pramptly refund to Borrower a�iy
<br /> Funds held by Lcndcr. If,under psragraph 21, Lender shall acyuire or sell the P•ruperty. Lender,prior to the acquisition or sale
<br /> of the Property,shall apply any Funds lield by Lendcr at the time of acquisition or sale as a credit against the sums securod by
<br /> this Security Instrument.
<br /> 3�.Applicatlon of Payments.Unless applicnble law provides otherwise,aU payments reccived by Lender under parAgrapiis
<br /> 1 and 2 shall be applicd: first, to any prepayment charges due under the Note; second, to anwunts payable under paragraph 2;
<br /> third,to interest due;fourth, to principal due;and last,to any late charges due under the Note.
<br /> 4. Charges; Liens. Borrower shall pay all taxes, assessments, chargcs, fines and impositions attributablc to the Property
<br /> which�nay attuin priority over this Security Instrumcnt,und Ieasehold payments or ground rents, if any. Borrower shall pay
<br /> thesc obligations in the manner provided in parngraph 2, or if not paid in that manner,Borrower shall pay thcm on time directly
<br /> to the person owed paymcnt. Borrower shall promptly furnish to Lender all notices of amounts to be paid under tliis paragraph.
<br /> If Borrower makes these payments directly,Borrower shall prmnptly furnish to Lender receipts evidencing the payments,
<br /> Borrower shall promptly discharge any lien which has priority over this Security lnstrument unless Borrower: (a)agrees in
<br /> writing to the payment of the obligation secured by the lien in n manner acceptable to Lender;(b)contests in good faith the lien
<br /> by, or defcnds against enforcemcnt of the lien in, le�al proccedings which in the Lcndcr's opinion operate to prevent tlie
<br /> cnforcement of the lien; or(c)secures from thc holdcr of tht lien an agrec:ment satisfactory ro L.endcr subordinating thc lien to
<br /> this Security Instrumcnt. If L,cndcr detcrmincs that any part of the Property is subject to a licn wl�icli►nay attain priority ovcr
<br /> this Securiry Instrumcnt, L.endcr may givc$orrowcr a noticc identifying the lien. Borrower shall satisfy the licn or takc onc or
<br /> more of thc actions set forth abovc within 10 duys of the giving of noticc.
<br /> Form 3028 9/90
<br /> Pa{p 7 0l 6
<br /> �_,.._.T_._..,_.-.-.-. .�..=. -___^",,.,,�'�.•�'�_'PRT'v'.r..a+e+.�e''a�.. _.cnal�u[a. � — _ �_'-..
<br /> - • ., .� -.� ..' e r .:.�A tt �.2 1 �•i"!.�y ° C ,__ ___
<br /> �. .. �. -. -�r.�._ s a 'ri- .' ��t5..�'iY��_ . ��_
<br /> --- -----� -�---- .._--- --- _ -"t__ `_�.. _w---- ------
<br /> _.--- ---- --. __..- _...----.__ �_. _-. _--'--- - - -- -
<br /> . -_ - ,,,t,,. - - - - -- - � -r.�r�.t�.ey �
<br /> .�..iC � . . -ai � "
<br /> r� • � � � • . - t A�,. � Rj-V F�Y1H Y i Y.♦ � ^' �. .-
<br /> � . . :�syr:Q•�.�y�,•...T- �y' r� . `y � - j.. � -�"�"_:-
<br />.jf � ., .i. , - .t''� -j�t�r•iik{ e '••T�! . - .,kri�,x� ..�_.
<br />. .� - , - . . . " : '��i �4+ «lo;�* tJ"�. � -::`ti'..;;y,IT,4��.wr.rs
<br />- � .. :.t: � r � �:. �x?.'�. �'r -.;
<br /> . ' ' . ' • 7 C'•`'�R�.:(r
<br /> - ' ' . '. � . .. ' �.�,� �v. z;�
<br /> ., . . .. , '.� . �a.f^. .a,�s`
<br /> . . " :S�w����:� 4• .. . : .-..�.A�.� ' ��._
<br /> �,r• �.� � .- .,'c .1.\`.'.
<br /> .. � � , '
<br /> . .: ,r,t. �i`' 1 � ",' ' _ .
<br /> +�A }j. �. 1Q4.,� �' }i � , i�.h �;
<br /> ...tf�*35• �.�� nriM���v.l`:1"�7..��.i „» '��. .
<br /> .. . ..�� � f i� r i`a+�o,r'.-� � .+t.�•.'� .`.
<br /> .� � ;, . .��.'�;-...='���:i�i�;- '
<br /> � ,;,, . ��:..
<br /> �'.S ��,.,i�;i�rr '����,
<br /> 3. 'l�..�M.
<br /> ' .. � . •l. , ...
<br /> • .. . . t... "«�.`�o. .� t'- '
<br /> { . -., t '..•��:�'tc. .�nb. �t��:�."�
<br /> � _ _ _e_ '.,. . _--�- ____ _.._ _...._— . , r��
<br />
|