|
" `"1'�;l•�•
<br /> � . y•�i
<br /> , `��t•J' • ? '. J��I�
<br /> �, a
<br /> . �a�
<br /> TOOETHBR WITH dl t4�o in�provement�now or hareARer erocted ort the property. dl auan�nte.�ppu�teauncr�,aM
<br /> ffxturca now or hercaftcr a put of the property. All �+eplecxrr�:nts md addidons �hall deo 60 ooverod by �hie Seadty
<br /> lo�tcumeat.Ali of the for+e�oin�is rrfrnad w in thia 3ocu�ity Inusumer�t ar tlw"Propnrty."
<br /> BORROWER COVENANTS th�t Horrower ia l�wfully seited of the est�te hercby canveyed wd hu the right to�rwit and
<br /> convoy the Property�nd that tho Property is unencumberod, eac�pt for cncumbrancea of ra�ord.Borrowcr warnnn and will
<br /> defad generAlly the tlde to the Propertyr against vl c1�3ms and demanls.wbject to any encumbranas of ra,ord.
<br /> THlS SECURITY INSTRUMENT combines unifnrm a►venants for mtiorud uce�rd aoa•uniform wverwua wi�6 linitod
<br /> '� variatIons by jurisdiction to constltute a uniform security instrument rnvering rcal prapetty.
<br /> UMFORM COVBNANTS.Borrower and I.ender covenant and agrec as followe:
<br /> l. P�yment ot Principai�ad lata�ati PreP�Y��+�od I.�te Char�a. Barrowor �h�ll P►���Y P�Y when duo the
<br /> ` � princlpal of and intereat on the debt evidc�xxd by the Note and eny prcpaymenl and latc cha�gca duo urtder the Note,
<br /> 2. F�und+� tor Tnzes and Inwnnc�.Subject ta applicabla IAw or ta p rv�itten wufvcr by Lcnder,Bornrwer slwll py to
<br /> I.�eMcr on the day moiuhly paymente we due undor�he Note,untU thc Note ic pwid in fldl.p awm('Funde'3 for. (a)yearly uuca
<br /> u�d essessmcnts which may attaln priorlty over this Secu�ity Inclnimcnt ag u(icn on tho Propetty: Ib►yeiuly Iw�elwid paymenb
<br /> or graund rcnts an the PropeAy.if any;(c)yearly hazard or property inrunnce premlumn:ld)ycarly D�xMI in�umnca prcmlutns,
<br /> if any; (e)ywrly mortQAge inrumnce prcmiums, if any;and(f)any Fumr payublc hy �►rtuwcr h�Lcndcr. in Ac�tird�e wllh
<br /> the proviaiun�of paroarnph e, in lieu nf the pnyment af mortg�Qe inaurAncc premium�.Thcnc itcma aro collad"F.RCn�w 11cros.'
<br /> Len�icr may,at any Nme. rnllect und hnld �unds in an w�xwM �x►t to exrcal U�r muaimum am��unt a Ir�dcr fi�r a fixi�a+ffy
<br /> rclatod mori�Agc liwn may rrquire for Born►war'x escruw account undcr�hc Palern) RcAI Rnlute 5culemcnt Procodurex w�t af
<br /> 1974 as Amende�d fr�xn time to limc. 12 U.S.C.Sectian 2601 et sey. ("RFSPA"),un1aF�uxwher luw thol appliex�o ihc Fund�
<br /> , ;��'' satR a ierser wm<wnt, li so, t.ender nwy, at any time, rnllect And hald Punda in un amount nc�t to exreed the IeRSer amount.
<br /> � f�:; � Lendar may eatimute the amount aP Funds due an the basis of current datu w�d rcACanable e�timates uf expendltures of Nturo
<br /> '' E6crowdt�ms or otherwise in accordance with�pplicabla law.
<br /> "� �� � �! Tha Funds shall bc hcld in an institution whose da�msits are insured by e Pederal agency, instruntentulity. or entity
<br /> ��k��R (inaluding L.end�r,if Lender ia such an institution)or in,any Federal Hame Lonn Bsink.l.ender shall apply thc Funds to pay the
<br /> i * �*• � •r� Escrow Itams.L.endor may not charge Borrower for holdMg and applying the Funds,unnuolly analyzin�the escrow account, ar
<br /> t " ,. �. ��•; •. veriPying tha Escrow Itams,unless L.ender paye Borrower intereat on the Funds ond applicable law permits Lender to malce such
<br /> , ��i��' . a charge.However. [.endar may require Borrower to pay a one-time cherge for en independent real estale tex reporting service
<br /> 1�r;�.
<br /> � ' �x" ue+ed by Ixnder in connection•with Ihis loan, unless applicable law providea otherwise. Unless on agreement is made or
<br /> JT ;,51'. '
<br /> � •Y� �ppiicablc law requires intBrest to be paid, Lender shuil na be required to puy Borrowcr any interest ar earnings on tBe Funds.
<br /> � ;�•�_;:;,.,r';•,;,;,,.
<br /> t;� Borrower and L.cndar may agree in writing,however, that interest shull be paid on the Funds. Lender shall give ta Borrower,
<br /> ,. . .,, . .�;a. •::. �
<br /> .�ishout charge. 8fl AiUfliAl ACCWiiiliig Of U�ir rUil�I�. ��wi�g cradits arrt debita to the Fu�hla mKi ti� purpu� fu� wtila:i�r�tci�
<br /> 'n-� `� �� rY� debit ro the Funde wag made.The Funds are pledged a.s addit:anal security for ull sums secured by this Securiry In�lniment.
<br /> ! �� " if the Funds held by Lend�r exceed the amounte permitted to be held by npplicable luw.Lender shull account to Borrower
<br /> . .d�;�k,+�r?.z�:..__.. _ .'.
<br /> r� • for ihe excess Funds in accordunce with thN requirements af applicubie luw. If the umount of Ihe Funds held by l.ender at any
<br /> �. . .
<br /> ;�- � time is not sufficient to pay the Escrow Items when due,L.ender may sn notify Borrower in writing,nnd,in such case Burrower
<br /> �r� � ..�, �. shall pey to L.�nd@r the amount necessary to make up tha defciency. Borrower Rhall mnke up the deficiency in no mo�e than
<br /> ' '�''�`�' ,' twelve monthly puymentK,ut Lender's sole discretion.
<br /> '��' ;� Upon puy�nent in full of all sums secural by thin Security Imtrument. L.endor shs�ll prumptly refund ta Borra�ver any
<br /> .,,
<br /> , '";'; .: . Funds held by Lender.lf,undar paragraph 21, Lender shnll acquirc or tiell thc Pro�xrty.Lcnder, prior to the acquisitian or sule
<br /> ' of the Properly. shall npply any Funds held by L.ender p�the time of ucquisition or sule as a crcxlit ugainu the yums secured by
<br /> .r:.;.n.: ., ...:.•.�,,,..
<br /> � _ �his Security Instrumen�.
<br /> ��„'�`�' - � • 3.Applkalbn of Payments. Unlcxs applicable I:�w providc.�xhorwine,all p•ryments rc.wcived by Lender undcr purag�aphs
<br /> ' I and 2 shull be upplied: first, to any prepuyment chur�es due undcr Ihe N�itc; recimd,�o unwunts pays�ble undcr paragraph 2;
<br /> '��� � Ihird,to intcreht duc:tiiurth,to r�nri rl du�; and lust,w an lutc chur ��due unJcr thc Niuc. rr�
<br /> ;� .: � p � p' Y R � .k
<br /> +:; 4. Chergrs;I.lenv. Bnrrower shull puy all taxes,a�.cstimentti,churgex, fines and impositionx uttributablc to tlie Pr��perty �.,,
<br /> t'" , which muy attain prinriry over ihis Security lntitrument, und IcuschnlJ payment�or�traund rents,if uny. Barcawer shull pay
<br /> " these obii�CUtionti in the nu��mcr provided in puragraph?,��r il'nol puiJ in tNnt munncr, Bnrr��wcr,hull pay thcm on tin�e directly ;,�
<br /> ' '• to the penon owed payment. &�rrowcr�hull promp�ly furnish a�Lender all no�ices uf ami�unts t�� tk:paid under this paragraph. ..�
<br /> '� ' "�� �' If Hurrower maketi the,e puyments direcdy,B��rmwer vhull prompUy furnirh tu l.cnder rereipt�rviJencin@ the payments. R,
<br /> +. �;�,.;�:..a;�.
<br /> `^*`. ''�'• •',• Brn�rower tihull pri►mp�ly Jisrhar�c any licn which hu.prii�rity ov�r►hiti Scrurity In.trument wilesti &irrowcr:lu)u�trees in �
<br /> � , writing to thc puymcnt nt'thc��bligutiun.ecureJ hy the lien in a mcumcr acrcpwblc a►Lcndcr;lb) ramrtit,in g�xxi fuith thc lien
<br /> , ,`""�, by, or defendx uguin+t cnli�rrrment of th� licn in. I�gol pnxcedin�s whirh in �hr Lcndrr'. orini�m uperate to prcvenl the ` ��
<br /> r.�T".iy � .c
<br /> C .��"r• enf�rcement��f thc licn:i�r Irl xcrureti frum the holJer i�f thc licn an agr.cmcnt,aii�l'artory to I.rnJcr cuhordinating thc I icn to :,t'�,
<br /> ��` � lhis Security Intitrunxm. If"L.rnJar drtermines th:n any part ol'the Pro�xhy is .uhjrrt t�,a licn w•hich rnay ultain priixity uv�r
<br /> s ' this Serurity In�:trunhnt. Iwndcr muy gicc �arr��wrr•r no[irr identifyinp�hc licn. R��rra��rr.h:ill .ati.l'� ihr lirn��r tukc��ne �ir
<br /> �C, : ,
<br /> � .� � ;,j;: morc of tho ac�iuns;set fnrth uhovc within 10 duyx nl�hc giving iil'n�Nicc.
<br /> i.� � .� .���
<br /> j� Form 3028 B180
<br /> ;�C�; - P�MI�7 uf 8
<br /> � d� " .
<br /> Z5 ,,�
<br /> ��"S �. �.. d;---"— . :iy:-_.: .- -,- - - . . _. _. _ . � .., .-.rII�'lJW�1=�`"*"".-. -- -- - ----- .. . .
<br /> � . '
<br /> .» .\. . . . . .
<br /> �' � v `,
<br /> 1 ''1� �'I:/l'' ':Y�.l. �%!: ..,+' . ... "
<br /> . ' ��`':.- �. 1:t�'�,�(:!,�1��.. .
<br /> ,t'.'� ":l.•.:` �{_•.'
<br /> 1' • :i�� ��ie. ��� . .
<br /> .ye: �I�l . . . •. i
<br /> � �....� .. � '
<br /> r �...,_ . u ��� � .
<br /> . . ��1 N� �•YTP/'�. ��� - � . . • � I
<br /> 1 ,1 �
<br /> , �i � , �
<br /> Y,.
<br />
|