|
� ' (
<br /> � � �
<br /> . .. � � •
<br /> ll � .. � "^_-.
<br /> . . . ..�_�.��l.f�� . � 7� - �. .. ... -._._..._'.�vlMilr_�ry.
<br /> .. . �
<br /> > _. •e::t..,n�v.iri.r:. .-. . ' . '-"
<br /> . , r� ...... .�..�."__..._..�...__....'"'__
<br /> ..._._...._ .. -----------
<br /> ._....._ _..__..,-•-----.....__....._ ..__......__.------... ►.
<br /> • `��
<br /> ,;. .. 99� �o�.��� . . �::_
<br /> �_
<br /> " �;' TODE THEftWITH aU the tmprovemeatsao�v or hereciftcrer�ctec�on the property��d all cascmcnts,appurtenanccs,und �°-_
<br /> ° FuR�►rea aaw ar hera u fter a p u r t af the pr�peat y. All re placFCneata nnd uddldons shall also be covered by this Security _
<br /> � lnstrument.All of the fureQoing is refereed to In t63s SecueIry Ir►strumeat ae the"Property" -
<br /> ' , BORROWERCOVENANTSthnt Bonovicr is lawfully aetsed of thc esWte hereby conveyed nud hua the tl�ht to grnnt nnd
<br /> " wnvey the Praperty and thst the Properry ia unencumbered,except for encumbrancesof record Borrower wunnntci and wiU ; _
<br /> defenJ generally ihcr titlo to tiic Property agaLut all cluims und c�emandS,snbject to uny eacumbrunccs of recotd. �_
<br /> "�•: THIS SECURITYINSTRUMENTcombines uaiforai covenaY►ts for aatlottnl usa and non•untfarm covenanta with l)united �,--
<br /> �.'=,,�';~ variudons by jurisdtction to consutute a uniform secwity instn�mont covering real property. G�=:
<br /> ,:�wer` � ..
<br /> UMFpRMCOVEIVANTS.Borrowerand l.endercovenaat aed agreeAS follows: �°
<br /> ���# 1. Pog�ment ot Pruicipul cwd lutereaK Preps►yment nnd Late Chnegrs. Borrower shail promptly pay when duo the �__
<br /> '= �, principal of and iaterest on the debt ovtdenced by the Note aad any ptepa}mient und late charQes due uader the Note. __ -
<br /> �• . �� 2. �ds Qo�Taxes mad Inuurance. Subject to applicablc law or to a v�rltten�valKer by l.ender,Honowcr s h u ll pay to
<br /> - Lender on tho day monthly payments are due under the 1Vote,untnl the Note is puid Lt fuU, a atun("�tnds") for:(a)yearly taxes
<br /> ' � and assessmentswbich may attaia pr�orlty over thic Securlty Instrumentas u Gen on the Properry;(b)yearly leasehold payments _
<br /> or ground rents on the Property�if any;(c)yearly hazardor property inaurance premtums;(d)yearly Qoad insurAace prcmlums,
<br /> . � if any; (e)Yearly mortgage ipsuraace preuiiucns,if any;and(�aay sums payable by Bonower ta I.endeq iu accoadancewith ,�
<br /> the provistous of Fara�saph8, in lieu of the payment of mortga�e iastirence premiwns.These items aro callcd"Esarow Items' �,�
<br /> I.ender may, at any time, collect and hold Fwtds in aa amouat aot to exceed the ma�dmum auiount a lender for a federally l,y�
<br /> related mortgage lon�enay require for Borrower's v�arow account under the federa!Real Es4ate Settleme�t 1PraceduresAct of —
<br /> -- � ;.� . I974 as ameadedirom 2ime to time,IZ U.S.C. Section 26U1 et seq. ("RESP.�►°), unless another law that nppUes to the Ftuids
<br /> sets a lesser amount.If so, I.cnder may� at any time,coltect���hold Funds in an emoun4 aot to excce�Wa lesser n�uount. _
<br /> {',.:-���-' Lendee way estimateY�he amnw►t of Funda due an the basiR of uu��rent data and reasonableestimutes of expendltures of fuhue
<br /> -- Fscrov�Items or otbenvise in accordance�vlth applicable law.
<br /> f ,or enti
<br /> ,�,�� , The Fhads slh� �be held in an institutIoa whose deposits nre insured�y a federal agency� inssctlmentaUty ty ,
<br /> (inciudtng Lender�if Leuc4eris such aa instih►don)or in aay PederalHomeLoan Bank.LenderRhall apF���he�Ptiu►ds��p n or
<br /> -'='''` �B PP�B
<br /> : ;�,::,
<br /> Escrow Items.l.enderma y noi chargs Borrownr for hol anda 1' the Funds,annuul�s,;a�+aiYdng
<br /> �._�•;;.�. verlfyi�g t6o Escrow Items�unless Leader pays Bonower interestoa tlne Pt�nds and applicabla law gerniits Lenderto maicesu
<br />-�•L�.' a charge.However,�.ender may require Borrower w pay a one-time charge fur an inde�eadentreul esttttt tax repo:Nng servicc
<br /> "-`Ra=.-"�: lleable law rovides otherwise. Unless an agreement is made or
<br /> ..;,.�� used by L.eader in �:onnecdon with thia loan, uniess app p
<br />��;:,`:;r . aPPlicabietaw requir�»intcicetic,bs gattl�Lcadu�?ss!!acibe rts�ttlt�lt4�►ay Bonowerany interestvr eatrrinS�on tboFunds. r
<br /> _;�;,�{4:�ti i� Bonower nnd l,ender may agree tn wdting, however�that intrareat shall be paid an the�stsda Lcnder shall give ta�aonower,
<br />�_-��,,4 withot�Y charge� an ennual accountiag of the Fnads� showing credits ai►d debits to the�ds and fhe pucposa far wlilc?�eash
<br /> __----�::^�; de b it to t he 1 G U U d s w a s m a d e.T h e P�n d s a r e p l e d g e d a s a d d I ti o n a l s e c u r i ty f o r a ll s u m s secured b y this Securl ty Insuuman�
<br />- -`�="�Pa� Yf tAe Fands b�9d�y l.enderexceed the aueounts permittedto be held by appucable law. I.ender shnll account to Horrower
<br /> j��mP��� for tha exsess Funds in accordencewith tlie rec�uirementsof ap,llcable law.•I�the amountof the Ftutds h►•.!d by Lender at any , .
<br /> ...;.;��
<br />-- -"='';���,'� time is�ot su�dcnt to pay the Escco�v Itemswhua due,Lendermay so notify Bonoweria writin8, end.in such casa Bonower
<br />-�:.�i��� s6ai1 pay to Lender the amouat necessary to maka up the deYiciancy. Bonower shall mn�c�up the deSeiency in ao mose t�s+su►
<br /> �=�'""`'zz�� twelve monthly payments,xt 1-ender's sole discretion.
<br /> "'"�"'��"�'�' Upon payment in full of all sums secured by this Securlty Instrument,Lender shall promptly�e�nd to Bonawer any
<br />-'—---�� �unds held by Leader.ff, under para�rapb2l, I.ender ahaA ac�uire or sell tho Property.l..ender�prlor tn the ucquisltloa or sula
<br />__— �— of the Proparty�she11 apply eny Ftiads held by 1Lenderat the time of acquisidon or sale as�credit egaiast tha sums securedby
<br /> t6Ls Security Instrumen�
<br />--- 3.Appllcatton of Paymente•LJnl.ess uPPlicable law pmvi,�Ics�eWenuise,all paymentareceived by Lenderundei par.pgrapl�a
<br /> -� - �-�-- 1 and 2 shall bo nppliec�:�rst, to aay prepayaneotchnrges due Uuilezthe Not�;second,to amountapayable under parag�aphZ;
<br /> --- third,to intcrest due;fourW,to priacipal due;and Dast,to nny late chargcsss duc vnder the Note.
<br /> ;���e 6nes aad im osldons attrlbutableto the Property
<br /> �.::.�,,��� 4. Cburgesi Idcns. Borrowersh�ll pay ull toxes,ass�sstnenta,charBes, P
<br /> - �;„;�;�� whIch may attein p�or�ty over this Secur�tY Instrument,aad]easehold payments or gROUnd�onts,it any. Bonower sball pay
<br /> ---_-� thase obl�gations in tlie mannerpmvlded�n paragrapL2, or if not paid in that muaner,Borra�vershaU pay them oa time dfrectly
<br /> - to the personowed payment.Bonowershzill pr4*ir,�lyfurnish to Lenderall nodces of amountato be patd underthis parag�aPh•
<br /> ,---",`-� II'Burrowe�mafccs thcae payment�direcity.tse�ower sh:�l promptly feti-„z;h to Lcnticr receigL°.evlsteteclno the�y„+enta
<br /> ��� Bosowersholl promptly discharge any IIen�vhich haspriority over thix Security Ynsmtmentunless�orrow�r:(a)e�eesln
<br />------
<br />
|