|
• ' ' . . ' ;;:`:i,:::;;},'�
<br /> ; . ,r:;, ,.. � . " �<i�4t'•
<br /> � �3,,4,Yt .�. J,,a.�i4.�i,,"
<br /> .. �.,,;:
<br /> - .. , .. - , - �� , . n
<br /> , .. .. .. .. ..._._
<br /> - ^ .,, . " - "'
<br /> - ., ; •� .. .._.9._..r . . . . . . -'--'------'._.._ .._ '
<br /> " �. � ��� �o►�°�s .. _
<br /> � 'I'0(iSTFiER W1TH all the improvementa now or hereafter erected on the ptoperty, and all easements,appurtenances,and �
<br /> � fixtures no�v or hereafter u part of the property. All replucementa und additians shall also be covered by this Secudry . ,
<br /> � Instrument. All of the foregoing is referred to in this Secudty Instrument as thc"Propeny."
<br /> BORROW!?R COVENANTS that Bon�wer is lawfully setsed of the estate hereby convcyed and has the ri�ht to grant and
<br /> � � convey the Property and dtat the Property is unencumbeted,except for encumbrances of record. Borrower warrants and will
<br /> �. �• " defend generally the title to the Propeny ag�inat ull claims und demands, sub}ect to any encumbrances of record. � .
<br /> TH1S SECURITY INSTRUMENT combines uniform covenancs for nation�l use aud non-uniform cAvenants with limited
<br /> -� , variatlons by jurisdIction to constitute a uniform securlty instrument covering real property. ;r,�_::
<br /> - ��, UNIFORM COVENANTS. Borrower and I�nder covenant and agree as follows:
<br /> " � 1. Payment of Prinetpal and Interesh, Prepayment and Lnte Char�es. Bonower shul! promptiy pay when due thc
<br /> principal of and intercat on the debt evidenced by the Note and any prepayment and latc charges duc under thc Note.
<br /> •� 2.F�nds tor Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br /> � Lender on ihc day monthly payments are due under the Note.until ths Note is paid in fuil,a sum("Funds")for:(a)yearly taxes ; ,,
<br /> -• and assessmenta which may attain prioriry over this Securiry Instrument as a llen on the Property;(b)ycarly leasehold payments ':`,
<br /> ;'.�,. or ground rents on thc Property, if any;(c)ycarly hazard or property insurance premiums;(d)yearly flaod insurance prcmiums, ,,;:.+i4�'•
<br /> if any;(e)yearly mortgage insurance premiums. if any;and(�any aums payable by Borrower ta I.ender, in accordance with �i..
<br /> ''�`'� the provleions of paragraph 8, In fteu of the payment af mortgage Insuraace premiums.1'hese items are called"Escrow Items." `a.'
<br /> ,...«�., .
<br /> . � „ ��:tj�;� ,`�__,_.
<br /> „ � l.ender may, at any time, wllect and huld Funda in an amount not to exceed the ma�cimum amount a lender for a federally __
<br /> ' . related mortgase loan may requlre for Borrower's escrow account under the federal Real Estate Settlement Procedurea Act of �;��;-�
<br /> .. � 1974 as aznended itom tlme to time, 12 U.S.C. Secdon 2601 et seq. ("RESPA"),unless another law chat applies to the Fw�ds �,r;
<br /> � ount. If so I.ender ma , at an time. coltect and hold Funds in an amount not to exce�d the lesser amount. �E _�=-
<br /> � sets a lesser am . Y Y ��=-
<br /> { �:;,
<br /> ' f;u���� L.ender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future [ �c�:
<br /> "� x Escraw Items or otherwise!n accordance with applicabic law. C.�;;!��_
<br /> ; The Funds shall be held in an institution whose deposits are (nsured by a federal agency, instrumentality. or enttty .��,�,,.
<br /> �'� ° (including L.euder.if Lender is such an Institution)ar in any�ederal Home Loan Banlc.l.ender shall apply the Funds to pay►he �_�=��r,_
<br /> �'� Escrow Items.L.ender may not charge Bonower for holdin�and applying the Funds,annually analyzing the escraw account,or •�,�.--
<br /> ,�. verjfying the Escrow Items.unless Lender pays Borrower lnterest on the Funds and applicable law permlu l.ender to make such �:,,.,.�,,
<br /> a charge.However,Lender may reyuir�Borrower to pay a one-time charge for an independent real estate tax reportln�servlce '�;,;,;��
<br /> � ' " used by Lender tn corwecdon with this loan, untess epplicable law provides o[herwise. Unless an agreement is made or �;_�-•_�
<br /> � �� ' _ aDDlicable law requires Interest to t+e paid. Lender shall not be required to pay Bonower any incerrsc or earnings on the Funds. =�=
<br /> ;_ . _ _ �_�.
<br /> , ' 9onower and I.ender may agree in wriNn�,however.that tnterest shait'ne paid on chc Fundn. L.cuda�st��;i g�v�ta Sarmuer. w�`
<br /> � without charge, an annual accounting of the Funds, shaving credits and debits to the Funds and the purpose for which each ��
<br /> •;;n�;��: debit to the Funds was made.The Funds are pledged as addittonal security for all sums secured by this Secur�ry Instrument.
<br /> " '}'+` lf the Funds held by Lender exceed the amounts permitted to be held by applicable law,L,endar shall accoiutt to Bonower
<br /> �� for tlie eacess Funds In accordance with the rcquiremeats af applicable law. If the amount of the Funds held by Lender at any __ __
<br /> . � i t3me is not sufficient to pay the Escrow Itams wben due,Lender may so notify Borrower in writing,and,in such case Borrower ��-
<br /> „ #• ` shail pay to Lender the amount necessury to makc up the deficiency. Borrower shalt make up the deficicncy in no more than �,
<br /> - �� �+ twelve mand�ly payments.at Lender's sole discredon. °"�"`"�-
<br /> � � •���► Upoa payatent in full of all sums secured by thia Security Iastrument, Lender shall promptly trfund to Borrower any �
<br /> � Funds held b�� Lender. lf,under paragrnph 21, L.cader shall acquire or sell the Propercy.L.endcr,prior to ths acquisidon or rxile �- --
<br /> •, .,
<br /> of the Properry.shail apply any Funds held by T.ender at the time of acquisition or sale as a credit against the sums secured by
<br /> -: ; ,� this Security Instrument.
<br /> � , • � 3.Applicntion of Payments.Unless appltcable law pmvides otherwise.all payments rec�ived by l.ender under parAgraphs -
<br /> * •���� � � 1 and 2 shall be applied: flest. to any prepayment charges due under the Note;second. to amount�puyable under paragraph 2; ---
<br /> • "' third,to iaterest due;fourth,ta principal due;and last,to any late charges due under the Note. -----
<br /> 4.Chur�esi Uens. Borrower shall pay all taxes,assessments,charges. fines and impositions attdbutable to We Pmperty ��==-_-
<br /> °'". , which may attatn pdority over this Securiry Instcument, and leasehold payraents or ground rents, If any. Barrower shall pay --- --
<br />- •• these obligations in the manner provided in paragraph 2,or if not paid ia d�at manner,Borsower shall pay them on time direcdy ��-
<br /> " �` to the person ow�payment.Borrower shall promptly fumish to Lender ull noticea of arnounts to be patd under this paragraph. �_'�
<br /> '- '�� If Borcow�cr makes`RhPSe�+aymenta direcdy,&�rrowPr shall promptly tt�miah to Lender receipts evidencing the payments. ��.
<br />�-, �.•
<br /> _..: - . � �_-
<br /> Borcc�wer ahatt prompdy discharge any lien which hac priority over chis Security Instrument unless Borrowcr: (a)agcees m
<br /> • � wrjting to the payment of the obtigadon secured by the lien in a manaer ac:ceptable to Lender;(b)contests in good futth the lien 6_'�
<br /> ' `:.;':��� by. or defends against enforcement of the lien in. te al proceedings which in the L,ender's opinion operate to prevent the --
<br /> � �.-=.
<br /> ' '''y��: enforcement of the I{ea;or(c)secures from the holder of the Iten an agrcement satisfactory ro Lender subordinating the Ilen to ==._ .
<br /> '� this Securiry Insuvment. If Lender determines that an art of the Pro e ls sub ect to a lien which�ea attatn rtort over "``-
<br /> Y P P 1'�Y J Y P �Y t��.�:�
<br /> �'� � this Secur�ry Inatrument, Lender may give Bonowor a notice tdentitying the lteu. Borrower shall satisfy the Ilen or take one or � E t:��
<br /> � .;���Y . more of the actions set forth above within 10 daya of the giving of notice. ;�"'s';�
<br /> ''%>,' Form 3028 9/SO .
<br /> n� ;.�, �,.
<br /> .. ��y i ��BRlNE)194t41.G Pnge 2 018 Iniiiab: _
<br /> �
<br /> .
<br /> ,. .
<br /> . _.__� --��,za,r----...�_�—^--.---�rt,rs-t� —- - - - - a�"- --
<br /> �.x-�,.-.^r__.�r'—r°'-, :,.:, .'7""'-`
<br /> ..-- ����,�. . -•-•n�,�,S�-�— �.._ .. .�,,;_� ...� -- �. � --- -- � -
<br /> , ..
<br /> �';
<br /> -- - - - — - - - — -
<br /> -- ;.z� ,:�� -- --- - ___ - _ _ _ - --- -- -- _ - -- —— ..- -
<br /> - -- _ --
<br /> � : ... ' . ' . .
<br /> � • • qi.,.�
<br /> ' �::'� t::',' .. , .
<br /> . ��•�1� ,� .r, ' ., ' :' , ' • �` , � • .
<br /> . •i:;,l,.�}t;; ' `
<br /> , ..,, ,�
<br /> z , + . `cC��. �� . . .. � � „
<br /> . •, „ ,� ' � � .. . '
<br /> ,. •��°�';. ..
<br /> , �,,.;
<br /> , ���. . . r;;.,... � .. .,
<br /> ._, ..
<br /> . . . . .. , .
<br /> . . -,;:: . .. . . . ,
<br /> . ,
<br /> . .,.,. „ „ . .
<br /> .. , ., . .. „ � ..,;`�{�;,�• ;r;�. ,e ..
<br /> .. ',t
<br /> � � - - . .. .. ' ' . ��'�'TS:� � 1, , .. ..
<br /> .. - . . _. .. . ,
<br /> � ' .. .. .�'J - ; I ., .' . „ . . , ,. ,...�.�._,. �---.. . � .. � �••---�.
<br />
|