|
:. . __
<br /> � I�' . ^ : � - , =
<br /> * r ° �� _ __ .
<br /> ,.....,
<br /> _'� _ _ -- - - - -
<br /> = -.. �,.��....��, . -�
<br /> �. - .
<br /> - � --__
<br /> _. 9��. _ - ,
<br /> _ � � �l"'�.U5921 -
<br /> '�I 't�JdE7'HER WITH all the improvemenl�now ar hereafta eroctcd an thc propchy,and ull casemcntx,appurtenw�cr��
<br /> _ - __ __ and flzturcr now ar hercaf'tcr A part of�he pmperty. Ail replaccmcnts and udditions rihall ul�a bc wvercd by this Sccurity
<br /> _ .�._.,_--=-=--�_
<br /> "i'� ln�trument. All af the forcgoin�iR refcrrcd to in thiR 3ecurity In�pument ar Ihe"Pimperly." - "�
<br /> :�,�,. BORROWBR COV�NANTS that Bortower ia lawPully s3ciKCd af'the e�l�te hereby conveycd und hos Ihe�ight to grant - --
<br /> and convey Ihe Property und that the Propeny ia unenrumbered,excrpt Par encumbrances vf record. Bonower warr�nt�And
<br /> will defend generally�he title to the Property ogoinet all claim�und demand.r,subJec�to uny encumbran:ex uf rocord.
<br /> I ` THIS SECURITY INSTRUMBNT cambines uniform covenants t'or national une and non-unifom� ��uvenwNx with
<br /> I �. limited vurialions by ju�isdic�ion ta conrtitute a uniform,secudty ins►rument coverfng rcal propeny.
<br /> �', �,,
<br /> UNIFORM COVENANTS. Barrower und Lender cavenwtt s�nd ugrcc na follaws:
<br /> �'-�_ �,� 1. Ppyment of Princlpal aad Interest;Prepayment nnd Lwte ChprQw. Borrower shull promptly pay when duc the
<br /> v i�;r princi�al of and interest on the debt evidenced by the Note and uny prepayment und late churges due under the Nate.
<br /> n-� 2. F�unds tor'11�xes and Insurpnce. Subject to applkable law or to a writtcn waiver by I.ender.Barrowcr 9hull pay to
<br /> �"�� I.ender on the da manthl ments nrc due under thc Note.until the Note is ufd in full,u sum("Funds"1 for.(a)yearl
<br /> ���_ --�.��,." � Y Y PaY p Y �_
<br /> `;4;;���� �. ' �a�ces and ussessments which may anuin prioriry over�hix Secu�ity Instrument as u lien on the 1'ropeny;(b)yearly leasehold
<br /> —:�.� ❑.,�, puymenta or ground rents on the Proporty, If any: (c) yeurly hazArd ar property insurance premiuma; (d) yeurly flood
<br /> r=�:��;� inaurance premiums, if any; (e) yearly mortgagc fnsurancc prcmiuma, if uny; und (�uny sums pnyable by 9orrower to
<br /> `�°`g= '� Lender.io accordence with Ihe provisiuns of pwagraph 8.in lieu of the puyment of mortgage inxurance premiums. 7'hese
<br /> �``''°�'�'�� items nrc called"E�crow Items." Lender may.ut uny time.collect aad hold FLnds in an nmount not to exceed the maximum
<br /> �- -�,',�" ,, amount a lender for a federally related mortgage loun m�y require for Borrowerk escrow account under Ihe federal [teal
<br /> �'�,f. ` Estate Settlement Procedures Act of 1974 as amended fram time to time, 12 U.S.C.�2601 er seq,("RESPA"),unless another
<br /> _�--��±:._�
<br /> _-rti;�_ - - �.:;:,j,,,: ,; law that applfes to the FLnds sets a lesser amount. If so,Lendermay.at uny time.collect And hold Funds in un amount�ot to �
<br /> :�•�� � ;H,;,�, exceed the lesser umount. Lender may estimute the amount of Funda due on �he basis of current datA and reasonable
<br /> :��•=• i=isrc:�Nr„� estimates of expenditures of future Escrow ItemR or otherwise in accordance with applicable law.
<br /> _ ^� � � � ' The Fl�nds shall bc held m an institution whosc deposits are insured by a federal ugency, instrumentality, ar emity
<br /> �,;��'�+: .. „' (including Lender.if L.ender is such an institution)or in any Federal Home Loan Bank. L.ender shall upply the Funds to pay =
<br />., . r the Escrow Items. Lender may not charge Borrower for holding and applying the F1�nds,unnually anulyzing the escrow
<br /> • nccount, or verifyfng the Escrow Items, unless L.ender pays Borrower interest on the Funds and applicabie law pern�its
<br />• • ''� , i.ender to mske such a charge. However, Lender may require Borrower to pay u one-lime charge for an independent real
<br /> � S • estate tax reporting servke used by Lender in connection with thig loan,unless applicubla law provides otherwise. Unless an
<br /> . �f• .,, ngreement ia made or applicublc law requires interest to be paid,Lender�chall not be required to pay Borruwer uny interesl or
<br /> ,n• .s � eamings on the Flmds. Bormwer and l.ender msy agree in writing,howevcr,that intcres�shull be pnid on the Funds. Lender
<br /> �� shall give to Horrower,without charge.an annuul accounting of the Funds,showing credits and deWt�to ihe Funds und the
<br />� ' :''��`', purpose for which esch debit to the FLnds was made. The Funds ure pledged us additional xecurity for all sums secured by -
<br /> . ��3� ` -- Ihis Secunry inanument.
<br /> If the Funds held by Lender exceed the amounls permilted to be held by upplicuble law. Lender shnll uccount to
<br /> :' Borrower for Ihe excess Funds in accordance wi�h the reyuirementti of upplicuble Inw. If the amount of�he Funds held by
<br /> . ° Lender at any time is not sufficicnt to pay the Escrow Items when due,l.ender muy so notify Iiurrower in writing,und,in F
<br /> � ��'� 1; � such cuse Bortower shell pay to Lender the umount necessury to muke up �he deticiency. Borrower shall muke up the F�`-
<br /> .��,, deficiency in no more Ihan�welve monthly payments,at Lender�s tiole discretion.
<br /> '�,s,�. Upon puyment in full of all xuma secured by this Security Instrument, Lender shall promptly refund ta Borrower uny
<br /> ..,.v � Funds held by Lender. If. under paragrnph 21,Lender tihull ncquire or xell �he Property, Lender, prior to the ucyuisition or
<br /> . • ,�,� ,.�� , • sule of the Property. shall upply uny Funds held by Lender a�ihe iime of acyuisition or sale us a credit aguinst the sums �`�'
<br /> , ' . secured by this Security Instrumenl. ---
<br /> ' ^ ' 3. Applicallon of Payments. Unlesx npplicuble luw providex athcrwisc.all puymenls received by Lender undcr
<br /> '' paragraphs I �nd 3 shnll bc upplied:finl,to any prepayment charges due under thc Notc; xccond,to umounts puyuble undcr
<br /> ,. . .�. paragruph 2;third,to interctit due;fourlh.to principul duc;und lu�t,to uny lute chnrges due undcr�he Note. �"�
<br /> . ,,n 4. Charges; Liens. Borcower shull pvy nll taxe�, a�sczsments, churgex, finex und imposi�ions uttributAble to the ---
<br /> � ' Property which mpy ultuin priorily over Ihis Seruriry Insuvment,and leu,chold pvymems or ground rents,if uny. Borrower �'�
<br /> • �m�� � shaN pay�hese obligationa in�hc munner pruvided in parugraph 2,or if not paid in thut munner,Borrowcr shull puy them on �°
<br /> ° �' dme directly to the person owed payment. Borrower xhull pr��mptly fumish to Lcnder all nutice�uf umounls tu be paid under
<br /> � �;i• .. this parngraph. If Borrower mukex these puymentx directly, Barrower shAll promptly fumish to Lender receipts evidencing
<br /> �he puyments. -"
<br /> ���, , C:�;-
<br /> . Bormwer ghull pmmptly dischurge any lien which hus priurity ovcr this Sccurity Instrumrnt unless Borrower:lA►agrees
<br /> �.: "' ' in writing to the puyment of the obligution rccurcd by Ihe licn in u munner acceptuble to Lrnder;lb>contcsts in gual faith the �°'' �
<br /> '•�x�- �. lien by,or defendc ugainst enforccmcnt of the lien in,Iegal pri►ceeJings which in►he Lendcr's opinion opernte to prevent the E'-�
<br /> � � enforcement of the lien;or(c)secures fmm thc holder of the lien nn ugreement sa�isfactory ro Lender subordinating Ihe lien ���-
<br /> . ; �o this Securiry Inswtnent. If Lender determines�hnt uny purt of the Property is,ubjcc�to a lien which muy a�win priority �'�`.;
<br /> . •. '. over this Security Instrument,Lender mny give Borrowcr t�notkr idcntifying the lien. Borrower shall sutisty the lien or take �'
<br /> ° one or more of the uctionx set forth ubovc wi�hin 10 days of thc giving uf noticc. �'�
<br /> ' S. Hazard or Property Insurance. Borrower�hull kccp Ihc impmvemcnl.now existing cx hercaftcr crected on the
<br /> ' • Property insured aguin�t loss by firc,har.ards in�luded within tlx tcmi"cxtrndcJ rovrruEc"und any uther huzards, including
<br />. floods or flooding, for which Lender rcyuirex insurwxc. Thix in+urunre shull ik muintaincd in thc umountti und for the
<br /> ., � �.
<br /> � F'urm JY21{ 9/90 ipu.pr�„��puXrsl �
<br /> . � .
<br /> .. ' F.
<br /> I
<br /> . �
<br /> �"
<br /> � •' ,
<br /> 1 , , ' �
<br /> " d . � _ _ — - —. �
<br />
|