|
��..' • . __ .
<br /> � F � .
<br /> t �� ��_SSZ
<br /> ��F r.. ;s.- — y v .: �� � __.�.a�_. �-
<br /> ",�'f,�� .. .. .� � .. _.
<br /> --•L:�—__?t _J
<br /> ��.�, -�_--� -.---- 91�-- 105�8'7
<br /> =' — TO(3BTNER WITH ull the improvcments naw or hereufter crecced on the propettY,ond�II ea�emen�r,appurtenancea,
<br /> and flxturer now or hereafter a part oi'Ihe property. All rcpiacementR and additiana xholl alao be cmcrod by thi� 3ecurity
<br /> ----- -- --------=-� Incwment. All of the foregoing is rcferted�o in this Seeudty Inadvment cw the"1'ropehY•"
<br /> ,,��, BpFtROWER COVBNAN7'S thst Borrawer is I�wfully xeised oP�he eslatc hcreby convcycd and has tho�iQht to Qrnnt
<br /> und convcy the Property and Ihat the Prapeny ia unencumbered,eacept for encumbrunecs of record. Borrower aorrantr and
<br /> �� — — wili defend generally�he�i11e to the Praperty ugainst nll claims and demonds.Rubjecl to any cncumbrw�ces oP record.
<br /> s�=
<br /> --'�---- -----�� THIS SBCURITY lNSTRUMENT comMines uniform covenunts for nutionul ur:c und non-unifom� covenarNa w►th
<br /> litnfted variations by jurladfction to consdtute u uniform secudry instrument cavering real property. -
<br /> — 11NIFORM COVENANTS. Botrawer and Lendcr cavenunt and agt+ee us+fallowe:
<br /> Y'� 1. P�yment o�Priacipal and Interesti Prepwyment aad Lwte Chprgea Bormwcr shall promptly puy when due the
<br /> �° principal of und intcreat on the debt evidenced by thc Notc und nny prepeyment and late chargea due unde�the Note.
<br /> -':� 2 Ftinda for 7t�xes aad Insurance. Subject to npplicable law ar to s wrltten waiver by L.ender,Borrower shall pay ta
<br /> = Lender on the day manthly pnyments are duc under the Natc.until tbc Note is paid in Fuil,a Kum("Funda") for.(a)yearly
<br /> � ��°�� tanes ond sissgessments which mny attain priority over this Secudty Instrument u.9 a 8en an the Piroperly: Ib1 yearly leucehald
<br /> p�ymenls or ground rents on the Prupeny, if any; (c) yearly hozard ar propeny in�urnnce premiums; (d) yearly flood
<br /> m --� Inaurance premiuma, if any: (e) yearly mongage insurance premiuma, if uny; annd (� uny suma pnyable by Borrower to
<br /> -- •• Lender,in accordancc with thc provisions of pnragraph R,in lieu of�he payment of'rtmortgngc insurance premiums. Thesc
<br /> LY��r� items are cnlled"Bscrow Items." I.ender may,ut any time,collect and hold Funds in an umount not to exceed the mauimum
<br /> amount u lender for n federally related morlgage laun may require for Borrower'� escrow accaunt under the federal Real
<br /> - Estate Sattlement Procedures Act of 197A as umended irom time to time. 12 U.S.C.�2601 et seg.("RESPA"),unless another
<br /> --_.�___ _. �u law that applies to the Fl�nds xets a lesser amount. If so.Lender may.at any Nme.collect and hald Funds in an amaunt not to _
<br /> ��;��`�� excecd the lesser amount Lender may estimatc the umount of Funds duc on lh� buslx of currcnt datu and ncasonablc
<br /> � estimates of expenditures of future Esemw Itemsc or o t herw i s e i n uccordance with n p plicable law.
<br /> =`"==�°._����'� The Funds shall be held in an institution whase deposits are insurcd by a federel s+gency, inatrumentality, or entity
<br /> ::�-.�,;-��; : (including i.ender,if Lender iA such an institution)or in any Federal Home Loun Bank. Lender shall apply the Funds to pay
<br /> ' the Escrow ltems. I.ender may not charge Borroaer for holding and upplying the Funds,ennually analyzing the escrow
<br /> ��;,..�� account, or verifying �he L�scrow Items, unless Lender pays BoROwer mterest on �he Funds and applicAble luw permils
<br /> - ---��� L.ender to make such a charge. However.Lender may require Borrower to puy u one-�ime charge for an independent renl
<br /> �=�'•51:�',.� estate lax reporting service used by Lender in connectiun with ihis loan,unless applicable law provjdes othenvise. Unless an
<br /> .�.�;�: . agreement is made or upplicable law requires interest to be paid,Lender shail not bc required to pay Borrowcr any interest or
<br /> `�y� �� earningR on thc Funds. Rorrower und Lender may agree in writing,however,thut interest shull be paid on the Funds. L.ender
<br /> — ��:��,�.�:� � shell give to Borrower,without charge,an annual uccounting of ihe Funds,showing ceedits und debits to the Funds and the
<br /> -- '�"'-'a se for which each debit to the Funds was mAde. The Funds nre pledged as additional security for all sums secured by
<br /> -- -_=:�M.ri.�3:: Pu�
<br /> -__=_�-;,�:�:-���-r�� this�ecurity{nstrument.
<br /> --°�h� .�:R r,, ,� If the Mlmds held by Lender exceed the umounts permitted to be heid by applicable law, l.ender shafl accoun[ to
<br /> ��;� Borrower for the excess hLnds in accordunce with the rcquirements of upplicuble Inw. [f the amount of the �unds held by
<br /> ���=;��.�•"' v'°�4�"' • Lender at any�ime is not sufficient to pay�he Escrow Items when due.l.ender may so notify Borrower in writing,and, in
<br /> �-,,,,=; ,,..� ,... such case Borrower shall pay to Lender the amount necessury �o make up �he deficiency. Bortower shall muke up che
<br /> _�:• �.,,1�i1,{.• � " deficiency in no more than twelve monthly payments,ut Lender e sale discretion.
<br /> �°•: '" � �•. Upon payment in full of all sums secured by this Security Inswment,Lender shull prompAy refund to Borcower uny
<br /> � r .• �
<br />_.�;,,.'� Funds held by Lendec If,under pars�graph 21. Lender shnll acquire or sell the Propeny,Lender, prior to the acquisit on or
<br /> sale of the Property,shall apply nny Funds held by Lender ut the time of ucquisition or sale us u credit against the sums
<br />- secured by this Security Inawment.
<br /> � ', ,�� .�,,... 3. Application ot PAyments. Unlcss applicuble luw provides otherwise, ull payments rcceived by l.ender under
<br /> • � `'�' paragraphs 1 und 2 shall be applied:first,to uny prepuyment churges due under the Note;second,to arnounts pay�ble under
<br /> " � - parngrnph 2;third,to intereat due;fourth,to principal due:and lusl,to any late churges due under the Note.
<br /> r' ' 4. Charges; Liens. Borrower shall pay ull �Axes, ussexsments, churges, �ines and impositions attributublc to the
<br /> ,rc,•i:�
<br /> �':
<br /> ,� . ,...,;".. . Property which muy nttuin priurity over thix Security Instrument,und leusehold paymenls or ground rents.if uny. Borrower
<br /> �;: ' shall pay these obligations in the manner providcd in parugruph 2,or if not p�iJ in that manner,Borrower shall pay them on
<br /> time directly to the person owed puyment. Barower shall promptly fumish to Lender All notices of umounts to be puid under
<br /> � � this p�uugraph. If Borrower mnkes these payments directly, BoROwer xhall promptly furnish to Lender receipts evidencing
<br /> ..�t��.
<br /> :*•• ., ,' . thepayments.
<br /> , . • ,:,;�;„;,- � .,_,� : Borrower shall promptly dischurge uny licn which has priority over this 5ecuriry Instrument unless Borrower:(a)ugrees
<br /> • in writing to the payment of�he obligation securcd by Ihe lien in u munner ucceptable ta Lender;lb)contest,in g«xi faith the
<br /> ,;�:: _ , lien by,or defends•rguinst enforcement of the licn in,Icgal prnccedings which in Ihe LenJcrti apinion operute to prevent the
<br /> • -�r„ enforcement of the lien;or(c)secures from thc holder of thc lien un agrecment satisfuctory to Lendcr subordinuting the lien
<br /> � to this Security Instrument. If Lendcr determines thut uny part of the Propeny is subject to u lien which may Atlain priority
<br /> " over Ihis Security Instrument,Lcnder may give Borrowcr u notirc identifying thc lien. Borrowcr shall satisfy the lien or take
<br /> � � one or more of the uctions set forth ubove within 10 duys of the giving of notice.
<br /> �„ ��. S. Hazard or Property lasurance. Borrowcr tihull kcep thc improvemcnt+now existing or hereaftcr erccted on tha
<br /> � . Properry insurcd aguinst losz I�y fire,hozards included wi�hin Ihe�crm"extended cuveruge"and any othcr hazanls,includin�
<br /> � . flood.g or flooding, for which Lender reyuires insurunce. This inxururx:e +hull br m�intaincd in Ihe amounts and for tlie
<br /> , r�
<br /> Form W2lt 9/90 f/uxe:�J A puX�s�
<br /> . . � . ., , � 'r�,.: , . ..
<br /> �
<br /> .s L �
<br /> .s ,.
<br />� •• � .. � � � ,f ' • _ .
<br /> � .
<br /> r'— . . ....�.....,�_. .. .
<br /> 'R ' .
<br /> - �_._ .. ____ .___._
<br />
|