|
:St�i
<br /> . _'tF"Ar
<br /> ,���.� r ,..:.�
<br /> � � _., ..
<br /> 4 . . . ' n..'�
<br /> ' 1
<br /> �[����W���1f10�RI�VCRICQIf IIOW Of�ICIlBRq'C(OCIld OII tflC pflD�kfty��I��Ir��/�1�11�,��I�pU1kR�110EV�
<br /> and BatuRS now a I�after�put of the pmperty. All roplaoe�and�litiam eluill dso be ooverod by tMis Secwity .
<br /> la�pumant. All of the fom�oin�i�referrod w in th1�Socurity In�trumau a�the"ProQerty."
<br /> BORROWPA COVBNAM'S thu Bomower i�lawfully�eised oP the estate hercby oonveyed�nd h�Ihe d�ht w�nt
<br /> and convay tho P�ropaty�nd ihat Ihe Piropaty fa unencumberod,exaq far a�umbr�ncea af recond. 8arowar warraaa and ,
<br /> wlll defenA generaliy 11ie Htk w the Propetty�in�t dl claiau�nd denund�.wbJorx W�ny alcum6rmoei of ncad.
<br /> T7-pS SBCIJRITY INS7'RUMEAIT wmbines uniform covenanta for natlonnl use and noa-uniform covetunta Mth
<br /> WN�ed vaJiadaoa by juri:dicdan w conuituoe a uniform cocurity i�swment wvedn�n�l property.
<br /> •.,' UN�iDRM COVBNAN7'S. Barnwer�nd Lender covenant and�a�folbwa:
<br /> l. Playa�ent o�Prleclpal aad Wter+ati 1'�'�W3'�t and Late C4ar�es. Bonower shdl P�M�Y P�y�a�dua the
<br /> princi of and intercst on the deM evidenced by the Note and anY prepnyment and late ch�due uoder the Nata.
<br /> �Fb�ds for 7Yxa aad Insuraace. Subjact to applicablo I�w or to A written waiver by Lender.Borrower sludt pay w
<br /> Lct�der on the day manthly paymaus are due under the Note.until tho Noto is paid in full,�sum("Fiuids")for:(a)yeariy
<br /> taxes and ossesmxnta whtch may atipin priority over this Security Insqumpnt as A lien on the Pr�erty:lb)Yeady Icasehold
<br /> PeYmenta or ground �ts on the Property. ii any: (c) Ywrly hazeM or„property Insurance p�emiuma: (d)Yeariy flood
<br /> insur�ncs p�emiums. if any; (e) yeuly mortgage insurana p�emiums. iE any: end(� Any sums payable by Bamw¢r to
<br /> t.ender,in accordance with�he provisions of puagrapd 8,in lieu of tho payment of mortgage insu�:e praniums. These
<br /> items arc called"Escrow Items." L.ender moy.et any time.collxt and hold Fl�nds in an arnou�t not to exceed the mauimum
<br /> amount a lender for a federally rclated mortgnge loan m�y nequine for Borrawerl�escrow Account w�der�ha fodera) ReaJ
<br /> !• Fstaoe Seutement Procedwies Act of 1974 as amended from time to dma, 12 U.S.C.+�2601 et seq.("RESPA").unless�
<br /> ��;=:: '_6 �-.> law Ihat applies to 1he Rands sets a lesser amcwnt. If iea,[.eoder may.su any t�me,�ollact and hold Ru�ds in an emount not to
<br /> eaceed the IeRSer amoun� Lender may estimate the anount of Funds due on tha bASis of curtent d�ta and t�eacaw�ble
<br /> �"� ., � „�;;� ectimates of axpenditurcs of futu�+a Escrow Items or otherwise in xcordane8 with applioable Iaw.
<br /> `•ar�-.' ' The Flmds shall be held in an institution whose deposits a�insured by a iadernl agency.instrumentnilty.or endry
<br /> ��� ••-* � (Including Lender.if Lender is such an institution)or in any Federal Home Loan Bsu�k. l.endcr shall apply the R�r�ds w pay
<br /> � su
<br /> �w''�:�..��:`::��::�• the Escrow Items. L.ender may not charge Borrower for holding and applYing thA�unds.annually annlyzing the escrow
<br /> � r : ....:-. �
<br /> •.��`.••: • • account,or vedfying Ihe Escrow Items. unless I.cnder pays Bomower interest on the Funds and applicablc law pertnits
<br /> '�� '���?��;�;;. •�` # � L.ender to rnelce suc6 a c6erge. However,l.ender may requi�Borrowar ta pHy a onp•tlme chargc for an indapendent real
<br /> ;• '��=����� •� '� ����°c estate tax reporting service used by l.ender in connection witt�this lonn,unless ap lio�ble law provides othervvlse. Unless an
<br /> :.-.r.,{•... _. , .r
<br /> • agraement is made or applicable law requires interest to be paid,Lender shall not required to pay Bwrowor any intc�st or
<br /> � �;:��`:`` � �. •� eamings on tt�e FUads. Borrower and L.ender may agree in wr�Ung,however,thet interrest sh�ll ba paid on tha FLnds. I.ender
<br /> " � � shall give to Borrower.wlthout charge,an annual uccounting of tha Funds.shawing credita and debits to the Flu�ds and the
<br /> �� :�;�:�N�'.��•. ;..�•.•`.�.,,� purpose for which each debit W the Funds was mada. 71�e Funds are pledged ns�eddillonsd cecuriry for afl cume secured by
<br /> , . . , iiiis�curity insirusnant.
<br /> �� •; lf 1he Flmda held by l.ender exceed 1he amounls permined to be haW by appliCxble luw.Lender sbull account to
<br /> ;• �``�'`•`" .� Borrawer for ihe excess Plinds in accordance with the requirements of applicable law: If the amount of the FLnds held by
<br /> � � . Lender at siny time is not sufficient to pay the Escrow Items when due,l.ender may sa naify Bomnwer in writ�ng,and,in
<br /> ; .. , such case Borrower shall pay to Lender the amaunt necessary to mxke up tha defioimrcy. Borrower siwll make up tha
<br /> deficie�cy in no more 1Aan twelve monthly payments,at Lenderk sole dir.crerio�.
<br /> Upon payment in full of all sums secured by this Securiry Inswmant,Lender shall�pmmpdy refund ro Borrower eny
<br /> ; . Funds held by Lender. If,under pamgmph 21,Lender shall aoquir�e or sell 1he Property,L.ender.prior to the acquisition or
<br /> �, � ' sale of the Property, shall upply uny Funds held by Lender at tha time of aaquisitian or sale as a credit against the sums
<br /> � �� " � secured by this Security Instrumem.
<br /> � � ���;`� 3. Application oi Paymenta Unless Applicable law providas otht��ire, all payments received by l.ender under
<br /> ` ' , � � paragrapha I and 2 shall be applied:fin;t.to nny prepaymenl chnrges due under tha Note;second.to emounis payable under
<br /> , �, �. „�,.•. . pnragraph 2;third,to interest due:fourth,to principal due;and last,to any lato charges duo under the Note.
<br /> ' � �� �� ` '��� 4. Charges; Liens. Bornower shall pay all taxes, as��smenls, charges, fines And imposiHons attribup►ble to the
<br /> .,,., .
<br /> r!•
<br /> i " ,ti;':ei. �.. �
<br /> . ,„r�, property which may anain prioriry aver this Securiry Instrumeml,and leasehold payments or ground rente,if nny. Borrower
<br /> '��� '"'''` �••• '"'` shall pay Ihese obligatians in Ihe manner provided in pnrogn�ph 2,or if not paid in thnt munner,Bortower shali pay them on
<br /> • : � .:;.�+t,,..,:,��. .
<br /> ' '�'?'•�•• �`�'' time directly to the persan owed ppyment. BoROwer sholl promptly fumish to l.ender all notices of amounta to be paid under
<br /> •' •.:,... __.. __--�.--
<br /> , ����'� • this paragr►ph. !t Harrower mAkes these payments directly.Borrower shnli prompdy fumish to l.endar receipte evidenemg
<br /> ' , the paytnents.
<br /> . Bonower shall promptly discharge uny lien which ht�x priority over this Security Instrument unless Bo�rower.(x)agrees
<br /> �, in writing to the payment of the obligation secured by the lien in a munner ucceptable to Lender,(b)contestw in good faith the
<br /> • lien by.or defends against enforcemenl of the lien in,legul proceedings which in the Lender�opinion aperate to prevent the
<br /> • . enforcement of the lien;or(c)secures From the holder of the lien an ugreemem satisfactory to Lender subordinuting the lien
<br /> "�� to lhis Security Insuument. If Lender detertnines that nny part of the R+openy i��ubject to n lien which may atwin priority ., ;
<br /> 4' ; '.; •�` over lhis Security Instrumen4 Lender may give Borrawer u natice idemifying�he lien. Borrower shall satisfy the lien or take
<br /> ,; ; one or more of the actions set fonh above within 10 days of�he giving oP notice.
<br /> • ,i�c�;: ';� S. Haza�d or Property lasurance. Borrower shall krep the improvemenls now exisung or hereafter erected on the
<br /> , , ,� :"•? � . ;'��;,;,; Propeny insured against loss by fire,harards included within thc tcrm"extended coveragc"und nny other huzards,including �
<br /> �'� :'`, ��'�:•.����� floods or flt�oding,for which Lender requires insuranre. This insurance shull be maintuined in the amounts and for the
<br /> � � • .•;i�. 'o`
<br /> ;� ' � ��,:
<br /> ���.i �
<br /> ��•�;i Fam]O!Y 9l90 //wxr'uj6lpx�s► �..:.:
<br /> '��5 a . S
<br /> r' L
<br /> . ! 1 h
<br /> . � '�.:
<br /> �
<br /> , .. � .—'r�-...-. � . „ �� . � . � �,'�_ , .�"�141�!`�FMly��-+IS}OiN�Y��dll�.lyir�
<br /> �"• .. . . . . . . . . - -
<br /> .
<br /> ,.
<br /> � " -'—'--��---- . . .- ' - -- - — ---
<br /> � ` i�.--�--.' '-.- - . . . . .... - --- .. :_. '. .._r � . ,--.. .-.'-�--- -•---"'. -• -' '-- '--'-
<br /> . � ' „ • �
<br /> 1 . , ..
<br /> „ � � .
<br /> ri: .�, . " ' u .
<br /> �
<br /> � . .
<br /> ��r � , . . .�'+. ., ' I '
<br /> . . . . r1 .� � � . LL�.,,;�r,... , " . .
<br /> �
<br /> 1 �
<br />
|