|
�� .. ,�, ._ _
<br /> ,T. .,l•. _ ti t . ' .� •-_`TZT,__.
<br /> � r .�,�' �,_
<br /> � . __ _ .___ - .
<br /> . ,
<br /> ,_.
<br /> ' -----
<br /> � " — - — --------- .-,.----.-...,
<br /> q, ,
<br /> .�.._ �_ • ,,�;� „ � ' ,., • _
<br /> ;93- �o��z
<br /> Tac;E771�wrnt.0 tbe impro�ema�4 ooW a t�erc.ner erectea on the prop«ty,ana d�e�.emena,�ppurtea�ca.
<br /> aad fixtu�+a uow ar henatler�pat uf tbe pmpeety. Ali�eplacemrnu�ad�ddltlau ahall�la be oovered by 1bi�5ecurhy
<br /> Ic�pwn�t. Aq ot tbe fae�oio�b iefer�ed w in tlds aecu�iry Inmu�rienr iu the"ffinpaty."
<br /> BORROWBR C0IBNANTS Uut Bomowu Is lawfuUy Reised of the e�tate dereby convoyed�ad hu Ihe dQht W grot
<br /> and ooavey tbo �ad 1b�t the Propecty is unencumberod excapt for eacumbrances of rocord. Barmwcr wu�aou and
<br /> wiQ defeed gena�l�dtk w the PrnPonY a,�aiast dl claims�nd demanda�subJect w�y encumbrnnce�aP irocord.
<br /> THIS SECURITY INSTRUN�3NT combiaes w�iform coverunt� for nationa! use ond non•unifam coveaant� with
<br /> � �-��_ .� limited varipdons by jwi�diet(on to conwituta a uolfocm�ecurity inatrument caverfn�reAl ptarpeRy.
<br /> UNIFOItM COY6NANTS. Bortower swd Lender covenant and agnx as foUows:
<br /> i. P�yma�t ot Peindpd t+nd Interati Pnep�ymeat and I.�k C6�rge�. Bomowu shWl promPUY P�Y wha�due the
<br />-- prLrci of and intereat on t6ee debt evidenced by tbe Nate aud any prcpaya�ent and Isue chargea due ur�dcr the Nate.
<br /> �I�bads far 7lutea aod� 5ubject to�+Ifcabte law or to a written waiver by I.ender.Bartowcr ihall pay to
<br /> [.ender an tho day monthlY MY�p��d��r the Nate.undi the Note is p�id in fuli.a aum("E'iuxls")fcx:(a)yeazly _
<br /> - _ - - - 1a�ces aad Acsessp�ent�which may�ttaln piiocity over this Securiry Wawment as a iien on the Property:(b)Year1Y leasehold —
<br /> paymems ar ground r+a►ts on the Propeny. if any: (c) Yearly hazard or praperty insurancc p�emiums:(d) y�.arly ttex�d
<br /> -_ - = insurance promiuma�if wny:(o) Ye�uly matt�age insurenca premlwns. if au�y:xnd(�w►y sums payable by Barower to
<br /> Lender,in accotdanoo with�he prcwicions of parngraph 8,in lieu of thepnyment of mortgago insura�:o premiwns. Theso
<br /> itemc aro calied"8scrow Items." I.enckr may.at any timo.caUect su�d hald Punds in an amount not to o�vood tt�e ma�cimum
<br /> � aawum a lender for a federally related mortgage le�an mAy reguire for Borrower's escrow account undar tho ioderat Real
<br /> �, Estate Sattloment Procalures Act af 1974 as amended from time to dme. 12 U.S.C.�2601 et seq. ('R&SPA"),unless aootlKr
<br /> _:-::�, law that applles to tha Punds sets a loeser amotuU. !f so,l.endar may,at any timo,callect and hold Pt�ads in an amount not to
<br /> eaceed tho ksser umouat. Londor may estimate the amount of Funds due on tho basis of cument daln And rcA.so�wble
<br />:.-t'',' ` �stimates of expenditures of future Escrow Items or atherwise in accordance with applicable law. =
<br /> , *'. �� Tho Funds shall be held in an inslitutian whose deposits ere insurcd by a federa!agency.instrpme�telity, or.eatlty
<br /> :�?'•�s „ (including l.ender,if L.ender ia such an insd�ution)or in any Fedetal Home Loan Bank. [.ender shall apply tho Punds to pay
<br />�'�"'` � '`�^`�� thc Escrow Items. Lender may not charge Borrowcr for halding and applying the hLnds. annually analyzing the eacrow -
<br />..,,�,y�. ,�
<br />;:F::{�� �, account, or verifying tite Escmw Items, unless Lender pays Borrower interest on the F'bnds and applicable lew pennits
<br />' ;� �, �I I Lender to meke such a charge. However,L.ender mey mquir+e Borrawer to pay a ane-dme charge for an independent r�eal
<br /> ., ' estete tex rcporting servfce used by Lender in connecdon with this loan,unless applicable law provides otherwlse. Unless en
<br /> Y '�:, agreement ia made or applicuble law requires interest to be paid,Lender ahall not be required to pay HaROwer any interest or —
<br /> � tainings on 1he Punds. Borrower and I.ender may ag�cc in writing,however.that interest shall be paid on the Funds. Lender
<br /> • a'�all give to Borrower.without charge,an annual accounUng of the Funds,showing credits and debita to the Funds and the
<br /> "", purpase for which each debit to the Funds was mado. The FLndc are pledged as additional se�ur�ry for all aums secured by
<br /> � `s ;'.. •Ihis Security Inswmen4
<br /> __ _ If the Funds held by Lender exceed the umount� permiued ta be held by applicable law,Lendar shaq account to
<br /> , _'4q'p"#'�`:�:'�""_-
<br /> , , H�trower for the oxcess Funds in accordance with the requirements of npplicable luw. IF the amaunt of tho FLnds held by
<br /> ��„�'`` ''�", �^• l.ende�at any dme is not sufiicient to pay the Escrow items when due.T.ender may so notify Borrowor in writing,and,in
<br /> ,,.v,. . . . , ;
<br /> . ,:��;-s�.... �,::;r•e- s�h case Borrower shell pay aa Lender the amount necessnry to make up the deficiency. Borrower shall make up the
<br /> ,�:r :.': -.. ; • deficiency in no more tlian tw•eh-�momhly pnyments,at Lender's isole discretion. __
<br /> �;". �•' *,�•*'^ Upon payment in full oi ul�sum.�cured by this Security Instrumem,Lendei•shall prompdy r+efund to Borrower any
<br /> .:��..,:4,� ..
<br /> :;Y,r . Funds held by Lender. If.under�ra�rurh�1,Lender shnll acquire or sell the Property,l.ender.prior to�he acquisldnn or
<br /> •:. •°':� ..•^�A salc of 1he Property.shell appl}• un} Funda held by l.ender ut�he time of acquisition or sele as a credit against the sums
<br /> ,, "'�,.%�,LS'�•�•.:•-•;`;�: secured by this Securiry lnstrumem. �---
<br /> - � ° '. � : ' ;''' • 3. Applleatlon oP Pnyme�ly. Uale�+:; Applicable law provides c�iherwise, all paymems nx:eived by I.encier under c:;-
<br /> �M�r�+�: paregraphs 1 and 2 shaU be Applied:f3rs�,to any prepuymcnt churges due under the Nae;second�to amounts payable und�r e.;.,_
<br /> =�t,. ;�;:«:....__�.•• o•.,ti
<br /> �yr;� �, paragraph 2;third,to interest due;fourth,to prindpal due;and lact,to Any Inte chorges due under the Note. ��,_
<br /> `':�.`':,''k"�' " � 4. Cds�r�es; Uens. Borrowe� shall n}� n1� tazes, assessmen�.c, ch es, �nes and im sitioas amibutable to the
<br />,�" '••�. - . .: . 6 P �8 P� �,_; .
<br /> ���'��. �'" "' Property which mAy attai��priority over thi:Security Inst�ra�mem,wni leaschold puyments or ground rents,if sa�}. Borrower _ '
<br /> :.���".. ;;..�,.��,�. �-_...
<br /> , ! '> shull puy tliese obligationa in the manner provided in parngraph 2,or if not pnid in that manner,Borraw•e�sh�1i pay them on �„ -
<br /> � �f
<br /> " �: '��Y, Ume direcd ta Ihe rson owed uvment. tiorrower shal➢ rom U furteeah to Lender uN nulice.�i'as:�cHas,ts t,hr �iw undcr
<br /> _< <;,, ` �� ' , � , _ Y pe• P . F P Y P ��'r��
<br /> ` y�t�'•'s�,;;'�°.�"�'r;,�;''r"f this paragreph. If Borrower mukes�hese puyments directly,Borrower sS�al�promptly furni4h to Le�r aeceipts Nvidencing ET ;
<br /> , • ;;.�,�;����i thepayments. -=="
<br /> , ' Bomower sh�ll prampdy discharge any lien which hus priority over this 5ecurity In4trumcnt unl�ss Borrower.(a)ugrees p""
<br /> „ • in writing to the payment of the obligation secured by the lien in u manne�ucceptuble to Lender,(b)cuntests in�ond faitfi the
<br /> ';•'~w:K.. .• ' lien by,or defends against enforcement of thc licn in,Icgul prnccedings which in�hc Lendcr;apinion operate to�rrvem the R ;.,i.
<br /> \ ,r.'o;�,,,,. � � , enforcement af the lien;or(c)secures from the holder af'Ihe lien un ugrcement sutisfuctory to Lcnder subordinaung the lien �;��`
<br /> ` �--�' to this Secudty Instrument If Lender determinex Ihat any pun of the Propeny is subject to u lien wfiich moy uttain prioriry
<br /> ` over this Security lnstrument,Lender may gi�•e Borrower p notice identifying the lien. Borrowcr sh�ll satisfy Ihe lien or take �-..`
<br /> �r-=-- '��r . ' - -
<br /> ��• . �: . one or more of the uctions set forth above within 10 duys of the giving of notice. 4=
<br /> ° �'� �, �� • 5. Ha�rd or Property Insurpnce. Borrowcr shaA kecp the improvements nuw existing ar hereaUer erected an thc
<br /> � � `" -'�"�' ��t Property insured agninst loss by�rc,huzard�included within the tertn"extended coveruge"unJ any other hazards.including yy
<br /> �: � ���` floods or flooding, for which Lender requires in,urance. 'Chis incurance shull 6e mnintained in the umounts ond for the _
<br /> � •. �_-
<br />'-T *• , • ; ,, ,:.'•�;;y�, FKm3U28 9190 fpage2oj6pagtxl �:__:
<br />'.Y' j� � :it�!�l; 5! Y�
<br /> - �'� ��'' 'i�ie4f;1
<br /> Li':.. .�Qi'��� .;
<br /> " _
<br />__ 1,,:, '..�dr!(�.�a��'1�j) �
<br /> iX' 1
<br />- - . �t, :.,.
<br /> - t ..
<br /> �� _ •t_!'">�'_.v---ar- . -- --, -_•"' . . ' . .�i,�::.'s7T�.'%-�'��-. . . . � .. . ...nrk;:5:$sl�th�J���iv'7CSj,':�� �r.��7,'�I�Tt/75f N��1h�aT!t�` '�.1i;k,}•�,
<br /> O. , ' ':. . �� . . . ' 1 j�l::L {!l�_°jl R . 5 ';'r
<br /> - ' •'Jf„'Y=-��`�Kl�.:.i(n"!+ •� � . . _ ��;F '+i��.'��;�41:��;' ,�,i•,� .
<br /> .4� . . �, . ..... . .v,.• �:Yti'i �:t::;.,�; , .
<br /> . .
<br /> . . .�� ., . . . . i���. .
<br /> � ...,_ � � ... � „ , ;�,
<br /> .�, • �.�ira•�,�:_..� ,.,
<br /> .. ..•- .
<br /> — - ---- - - —._ ., .,.....
<br /> � �— ____ _ --- _ _ =_ ---�-- ---. .. ., , ... , _.. ...-__ ---.-.—�—_--- _ _--- -. -- :- _ „ --- -.. _
<br /> , . . . - -
<br /> .
<br /> — . , -.. ., . -. —.
<br /> �:.: . ,� , -, Y_ '� .�•
<br />-- ,f __,i -' J . � 1 . . ' .
<br /> — .,,': . . ''. "'1�,• .. . . ' .. •. . . . .
<br /> . .� � .
<br /> r. � .� . �. .�
<br /> " t.. .... ..
<br /> � i�l:' .. " �• ., '
<br /> r 1„` ; •.\, , . ,
<br /> ' . . � ' ,
<br /> v. - •• .. ,
<br />� '.. �%�:-;'��. `KSS.,i: .. 1.. � .. . .. ..
<br /> • t'. ''a' � 'd�'T�`:L� � • .. .. ' ' . ., • . • ' ' , . 1.1.w�cT r'. . '
<br /> ,'t."r � .. .. •1. .. . ..
<br /> . . i. .� ' . .' !' .
<br /> -__ �? _�'.. . .�. • .. � ., _ , .. . • . . , ' �
<br /> 1 � . .
<br /> {• � .
<br /> + � ,� •
<br />
|