|
�=- -- -�: �.:_
<br /> - -- ��j"� - ' ��i*liF�S(:,,::�l�':-'�
<br /> . :� - _ .. . _....- - -_ -- ...
<br />_ ,
<br /> ____.____—..:�=_J
<br /> _ _ s.____ ,.
<br /> - � 91— ios35�
<br /> TOCiETH6R WITH all the improvcment�now or hercafler ercxtod on thc propertY.and wll e�cements,pp�wncnun.-�.. _
<br />'� wnd 8xwran�ow or hereufter a part of the pt+c�aerty. All repl�cemer��s and ndditions�hall�I�o be coverod by thi�Saurity
<br /> Ineaument. All of tho farogoing is reiemed to in thiR Secu�ity Inatrument�.+the"PropertY•
<br /> BORROWER COVENAIVTS that Borrower is lawfully sei�od of 1he estate heaby canveyed and has the ri�ht t4�rant
<br /> and convey the Property and thsu the P�uperty ia unencumbared. except for encumbrances of record. Bamower wutrnn�r and
<br /> -= will defend generally the dde ta Ihe Propeny against all claims and denwnds,�ubject ro ony encumlxuncxa of«xord.
<br /> -- THIS SECURiTY 1NSTRUMENT combines unifotm cavenanls for nadonol use and non-unfiorm cove.�►9nts with
<br /> -----�r= ��.� limita!variadan�by jutisdtctfon tn conx�iw�e a unifam sxuriry in9trument coverin�roal property _
<br /> --__— ;� UNIFORM COVENANTS. Bortower nnd Lender covennnt end agree as followa: p P y�y � _
<br /> "'— 1. Payrpent o�Princlpal Aud Interesti�PoY�pt a°d Lwte C6r�eo. Bomower shall rom tl when due Ihe
<br /> �y T principal of and intenest on�he debt evidenced by the Note and any preW►yment and late cherges due under the Note.
<br /> � �=�' 2. Ftinds tor 7�aces nnd Inaurance. Subject to applicable law or to a written waiver by Lender,Borrower shall pay to �
<br /> ----- i.ender an the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds")for.(a)yeady
<br /> __ -�` � taxes and assessmenta which may ettaio prioriry over this Securiry Instrument as a Uen on the Property:(b)yearly leacehald
<br /> — _ _--�_:.�-� payments or ground rents on 1he Property, if any: (c)Yea��Y hazard °r ProPerty inautance premiums: (d) Yew'ly tlaod
<br /> �.. insurance premiums, if any: (e)yearly mortguge inaurance premium�, if any; and(� any suma ppyable by Borrower to
<br />---- --- - �'� Lender.in uccordance with the prc�visi�ns�if paragmph 8. in lieu of the payment of mortgage insurnnce premiums. These
<br /> �.-��.�
<br /> • °•� items are called"Fscrow Items." l.ender may,at any time,cdlect apd hold Funds in an amount not to exceod[he mau mum - -
<br /> —�--y;�;.� emount a lender for a federeliy related mortgage lonn may requirc for Borrower`s escrow Account under Ihe federel ReAI
<br /> - Bstate Settlement Procedures Act of 1974 as amended from time lo time. 12 U.S.C.$2601 et seq.("RFSPA"),unless anothcr
<br /> ---��`_-' law that applies to the Punds sets a lesser amcwnt. If so.Lender may,at any time,collect and hoid Funds in an amount nat to
<br /> __°�";,� exceed the iesser amount. l.ender may estimate 1he amount of Funds due an the basis of cuirent dat�and reasonabte _
<br /> "� est�mates of expenditures uf future Escrow Items or othenvisc in accordancc with applicable law.
<br />- — J� �'"� The PUnds shali be held in an institutian whose deposiG� arc Uisured by a fcdcral ogency,insuumentality, or e�tiry �
<br /> — —��;�ia.2..
<br /> _ ,__���.� (including Lender,if I.cnder is such an institution)or in any Federal Home l.oan Bank. l.ender shall apply the Funds ta pay
<br /> -- the Escrow Items. l.ender may not charge Borrower for holding and applying the Pbnds, annually annly�ing the escrow
<br />--=t1_y��:�. nccount,or verifying the Escrow Items.unless l.ender pnya Borrower interest on the Funds and applicable law permits __
<br /> Lender to make such a charge. Howevcr,I.cnder may require Borrower to pay a one-time charge for an independent real
<br /> �-'�i.PT���� estate tau reporting service used by Lender in connection with this loan,unless appiicable law provldes othenvise. Unless an —
<br /> - - �,;,..',q��`� s agrecment is made or applicable law reyuires interest to bc paid.Lendcr shall not be required to pay Borrower any Mterest or
<br /> -�°` •� � • ' eamings on 1he Funds. Borrower und Lende�may pgree in wdting,however,that interest shall be paid on the FUnds. Lender
<br /> ��''. shall give to Borrower,without charge.an annual accounting of the FLndc,showing credits and debits to the Funds and�he
<br />;�'� �'�..; • purpose for which each debit to the Funds was made. The Punds are pledged ae additional security for all sums secured by
<br />��''_�w„: •�� - this Security[nsuument.
<br /> _,�N.�'; if the Funds held by Lender exceed the amounts permitled to be held by uppiicable law. Lender shall account to
<br /> -- BorroiYer for tht excesa Funda in accordence with the reyuirements of applicable Iaw. if the amount of the Funds held by
<br /> -----����°�._; -� Lender at any time is not sufficient to pay the Escrow Items when due,I.ender may so notiiy Bmruwer +n wrii{ng.and,in _
<br /> ;s-�- -- - -}• � such case Bortower shall pay�o Lender the amount necessary ro make up the deficiency. Horrower chall make up�he
<br /> ,�, '�,o deficiency in no more than twelve monthly paymentR.at Lender 4 sole discretian.
<br /> �_�, • Upon pnyment in full of all sums secured by this Security Instrument.Lender shall prompdy refund to Borrowe�any
<br /> umiu�.,� Funds held by Lender. If,under paragrnph 21,Lender shall acquire or scll�he Property.Lender,prior to the acquisition or
<br /> -y�•. • :` sale of the Properry. shall apply any Funds held by Lender ae the time of acquisition or sale as a credit against the sums
<br /> Yot'Ya7t'l_n. :J-
<br /> _-- ��',a� � secured by this Security Inswment.
<br />'T""=3"""•' � 3. Appllcatlon oi Pnyments. Unless applicnble law provides aherwise,all puyments received by Lender under �
<br /> �•�'"•:;�"•"�`" paragraphs 1 nnd 2 shall be npplied:first,to any prepuytnent cl�arges due under the Note;second,to nmounts payable under
<br /> �' ''`*`�• paragraph 2;third,to interest due;fourth,to principal due;and lust,to any Iste charges due undcr the Note.
<br /> .,^`���� h 4. CharQes; Liens. Borrower shall pny all tnxes, assessments,charges, fines and impositions uttributable to the
<br /> ;�;_n;:;.iF: propeny which may uttnin prioriry over this Security Instrumen�,+u�d leasehold paymcnts or ground rents,if any. eorr�wer �
<br /> •,;�.�;: "�r"' ' . shall pay these obligations in thc manner provided in pamgraph 2.or if not paid in that manner.Borrower shvll pay them on _
<br /> ,'�'=�; .
<br /> --�L__.;�,,;,a.�,,,. � time directly to tha per�on owcd payment. Borrower shall promptly furnish to Lender�11 notices of amounts ta be paid under
<br /> ,s;;' this paragraph. If Borrower makes these payments directly,Borrower shall promptly fumish to Lender receipts evidencing
<br /> _=y':�T'`� : ',1�'• thepayments. �
<br /> "'x"'"� ." Borrower shull promptly discharge uny lien which has priority over�his Secu�ity Instrument unless Borrower:lu)agrees _
<br /> -��-..��.,�i-.v.� • in writing to the payrnent af the obligation secured by the lien i�a munner ucceptuble ro Lender:(b)contests in gaad fuith the __
<br />- "' � �� � lien b ur defends u ainst enfnrcement of the lien in,legnl proceedings which in the Lender's opinion opernte to prevent�he
<br />=:..;�..:.�-y".'�;' y� 8 �
<br /> j enforcement of the lien;or(c)secures from the holder of the lien an agreement�ntisfnctory to Lender subordinuting�he lien
<br /> '`�`-`�'° � ta this Security Inatrument. li Lender detertnines that any part of the Properry is subject to a lien which may attain priority �
<br /> ,����-__, :. :�.
<br /> -=�.°...... °„ over this Security Instrument,Lender may give Borrawer a notice ideneifying the lien. Borrower shall satisfy the lien or wke
<br /> �:.. ' � S:;"- ' one or more of the uctions set forth ubove within IU duys of�he giving of notice. -
<br /> � . ' S. H�rd or Property InsurAnce. Borrower shull kecp the improvements now cxisting or herenfter erected on the _
<br /> • � • Property insured against IoQS by�re,hazards included within thc Icrm"extended wvcrage"and any other hazurds.including `
<br /> floods ur tlooding, lor which Lender requires insurance. This insurunce shull be maintained in the amounts and for the
<br /> h. .
<br /> . Fi�ra�J628 9/9D fPaR�=�6 papes! —
<br /> o.
<br /> � � , _ .,:. . ..r.;.;...r.:.FriwW»t�+.�qt
<br /> , �..���^u^
<br /> . ,
<br /> 'ii" ... _ . .---�--------
<br /> ,:..��r��_`--_ --...
<br /> ,r ' � ,
<br /> J'� •
<br /> . • d'� .• \ � .
<br /> - . - - . �- ' , . �
<br /> �U . . -� - - -_,
<br /> ., �
<br />
|