|
°h
<br /> U•,. . .s�y�
<br /> cf;
<br /> .. i . � . l) '^�
<br /> � d"•'..{ r , � �h�F t
<br /> , � .
<br /> , �. � •�.
<br /> �3- �ORi!�9 :.
<br /> i '1'L10�7'HBR WITH WI ehe improvomoru.now or hane�lrer eroctad on fl�e property�u�d vl aremeeui�appuctaomod,ard
<br /> � 8awra �ww or ha�e�Rar a put of tho propertY. All nepl�oemeM+ and�clditiw►� �II dw be aovmd by tWs Seairity
<br /> In�urument.All of tho fore�oin�is rcfemed ta in Ihi�Sav�ity in�uuma�t n iho"Property'
<br /> BOR.ROWBR COVBNANTS th�t Borrowar ir I�wfully�eicad of Ihe e�ate herobY wnvoyod u�d b�s the d�ht a�r�nt�td
<br /> ; cpnvay tho Pro�ty�nd ttut Uio Pmpetty ir unerkumberod.caoopt for encumNrukes of reoord.Borrower w�nh sod wjll�
<br /> , defad�enerally tha titlo w tho Property�ainut�!1 clqinu ud demmds.�ubJoct to any encumbranoen of racard.
<br /> THIS SECURITY INSTRUMENT combines uoiform cnvenwM�Por nUianA!u�and�aa-uaiform covctwnt�wlth 11mltod ,
<br /> ' vuirtiona by Juri�dictfon to rntutitute a uniforn►recurity instn�mem uoverin�ral propeAy.
<br /> UNIFORM COVENAN'i'S.Borrower a�d Lender cavcmnt and naroe u follow�:
<br /> 1. P�ymea�t ot Priocipd aed laterertt P�P�7meat an� Lwte CMr�a. Bornower shall P�P��Y PpY when due tbe
<br /> pdncipal of and iruercst on tlio debt evlden�d by tbo Note and any prepaYment and late clwrQes due under the Note. ,
<br /> 2. Fandr tor Tauces pad L�curance.SubjxK to applicable Ipw or to o written w�iver by l.endM. Borrower stwll py w
<br /> Lendcr on thc day monthly payments are due under the Note.pntil the Note is pAid ln full,a sum('FundR")for:(r)yauly uutea
<br /> and essessments which may�ttain priarity over�hfs Secu�ity Instrument as a lien an tha I'ropeKy;(b)YeArly leaseh�ld paymentt
<br /> or ground rents on ihe Property.if any:(c)ycarlY haz�nl ar property insurance prcmiuma;(d)Yeuly 800d in.wrwxx praniva�.
<br /> if any:(e)yeady mortgage insurance premiums. if any:and(�anY sums pnyable by Borrower to Lender.in acrnrdance with
<br /> the provisiona oi'pari►graph 8.in lieu of che payment of mortgage insu�az�co premiums.The�e itemv arc callod"F.�crow items.'
<br /> ,,,;�r: I.ender may. at any tima, colloct and hold Funds in an amount not to exaeed the ma�cimum amount a lender for A federelly
<br /> �+elated moRgage loan may require for Borrower's escrow account under the federal Real Estute Settlement Procedur�e,c Acc of
<br /> 1974 as amendod from time ro time. 12 U.S.C.Section 2G01 et seq. ("RESPA").unless wnother law�hat applies to the Fundc
<br /> � ' ��' ' scis a lesse� amount. If so. l.cnder may. at any time. collect and hold Funds in an amaunt not to exce.ed the lesser aetnunt,
<br /> ;";l�=• l.endcr muy estirrwte the omount of Funda due on�he ba.gis of cutront data a�d►ea�onable est�mates of e�cpenditures of futuns
<br /> ��i�� Ecerow Items or otherwlse in accor�dance wilh applicable law.
<br /> ..�"`
<br /> The Funds shall be held in an institutian whosc deposits are insurcd by a federai agency. instrumentality. or e�tlty
<br /> �,° '4 � (including Lender,if Lender is such an instituNon)or in uny Federal Home Loan Bank. Lender s6all apply the Funds to pay the
<br /> �'�` . !�• • 6scrow Items.Lender mny nat ch�ge Borrower for halding and applyiog the Funds,annually enelyzing the escrow accouat.or
<br /> e. ,.,,.,
<br /> ..��,���- f''�.i"����'._; •. 'Y,, ver�fying the Escraw Items.unless Lender pays Borrower interest on the Funds and appliceble lew permi�g l.ender to malce such
<br /> ;'�� �� �''�t"•�i+ a char e However,l.ender ma r uire Barrower to a a one-time char c for an inde ndent real eswte tax rti servioe
<br /> , ,� -�,,.,,.•,,.,,,.,, g • Y �9 P Y B Pe *ePa n8
<br /> 6ra• >�
<br /> ��``�• �', ��:. '�<'�� usad by Lender in connection with this laan, unless applicable law provides otherwlse. Unless on agree�nt ia made or
<br /> .r,.: ., ti. ,.�,�t:. _
<br /> '�. " ,`'�`1:;�• '^��+•`�'•; a I�cable Iaw r ires inlerest to be aid.Lendcr Aha11 nat be required to pay Borrower any intercst or eamings on the Funds.
<br /> � V''. ;;����,y,t; ^•r..•,f�;,: ,,• PP� �W p
<br /> �'` ��!��"s,;F�¢�:, . Horrower and I.ender may agree in writing, however. that interest shall be paid on th�Funds. Lcnder shall give to Borcower,
<br /> �i���;:, '���1�ia1i�4�'�!`�.:��';'",��t�y`:�'�`".
<br /> , �� • w i�h o u t c h a r g e, a n a n nu al acco untin g of the Funds, showin R credits and debits to the Funds aad the purpore for which eacb
<br /> .•,�;•�. :�.,,�r;�:
<br /> ' , ' '' debii!o tt�e Funds was made.The Fnndc nre pledged aa additional security for all sums secured by Ihig Secu�ity Instrumenl,
<br /> ` ' � . . If the Funds held by Lender eaceed the amounls permitted ta be held by applicable la�w.I.ender shall acrnunt to Borrower
<br /> i .� ;.,. . ,
<br /> ° �•:�•� ^• for the excess Funds in accardance with the requirements of applicable IAw.If�he amount dP the Fund�: held by l.ender �t any
<br /> � y;�`t>;'•� ��„
<br /> • �.• time is na sufficient to pay Ihe Escrow Items when due.Lender may w notify Borrower in writing, �nd. in such case Borrnwer .�i,.
<br /> ' :;:�1�i„�..
<br /> ,,`� �.�� ' shall pny to l.ender the amount necessary to mnke up the deficienry. Borrower shall make up tha deficiency in no more tt�n
<br /> �� '�� "' _`-�.�. _ �, • twelve monthly payments,ut l.ender'ti wle discretion.
<br /> ;�� ; `:45r��„ /,.., ,� Upon paymcnt in full of all sumn secured 6y this Serurity In+tn�ment. l.ender shall promptly refund to BoRawer any
<br /> ','•S�,';•�� . '•�•. Funds held b l.ender. If,under ara rn h 21,L�:nder shull uc uire or seil Ihe Pro n l.ender,prior to the uc wsition or sale
<br /> :'' � _,.r-.�. Y P s P W P� Y� 9 �
<br /> ''`r;`��'•`t`� � of the Propeny, nhull apply uny Funds held by I.�:nder ut the time of ucquisition or sale as a credit agoins�the sums securod by
<br /> �� '��'"��ti�J• , `., , this Secprit Instrument.
<br /> �. ,,-��}r¢.,�; y
<br /> � .� '�,*��. 3.Applkadon of Payments.Unles,applii:ublc luw pravidcti rnherwisc,all p•ryments reccived by Iw:nder under paragraphs
<br /> ,� � �'`: �:;�,' . ' • 1 nnd 2 shull be appli�i: fir�t, ta uny prepuyment churgrs due under the N�xe: ,econd,to a�im►uMs payable under parngraph 2; � ;
<br /> ���. rrf,,��s ; .
<br /> ;��:;:,� third.to interest due:f�urlh,to prfncipal due:and lust,p�uny lutr rharges due undrr the Note. ��
<br /> � '' , •`;;;�..>:'`�:� '` "�"'. 4. Chu�es;Llens. Borrower xhull pny all taxcs, u��es+ment+, churg��, tineti und impositions �ttributabk to the Property ;��
<br /> �.,' . :,,�.,^,,,1 %'�
<br /> , which muy attain priority ovcr thi, Securiry Inxtrument, und Icasch��ld puymcros �ir ground ren�+, if uny. Borrower shall p�y ���;
<br /> � ' �•'��:l'•� these aMligations in thr nwmxr provided in puruFraph 2,i�r if not paiJ in that nwnner, �orn�wer shall puy them on time direcdy
<br /> :•:;•,.•..,;.
<br /> ,.,<'�^�, , to thc pcnon m�•rJ paymcnt. Borr��w•cr�hall promptly iurnitih to l.rndcr:►II nc�tires��f amountn to hcr pu+d undcr thic parngraph.
<br /> •�'• '�' •` . ,��'',� , If Barrower makes Ihr�r pzryment�directly.8orro��•er+hull promptly furni,h��,Lrndrr ncripts eviJerhing ihe puyments.
<br /> �.��r_;:.�..:���;.;,.,,.
<br /> ` :�;�;.:?''��i�'�'t i'�''��'� &►rrowcr�h•rll riim U dixhur � un licn a•hirh ha. ri��rit u�•rr dii�Srrurit�• In.lrumern unle+s�orrower: lul a rces in
<br /> ' ;� p P Y F' )' P >' S -
<br /> .i' � �'.`�`��"�''•�'`'"�'�J,'?.�i;- writing t��thc puynxnt of thc�,hligutiun+ecurcJ by lhc lirn in u manncr arceptal,l�ta I.crxlcr:Ib)conte�t�in giKxi fuith tik lien
<br /> .�!'.1:�C.t.` � :.�,,.
<br /> �� _y4;;{, , .;��, .`�. by. or Jcfcruiti aguinst enti,rccmrm nt' the lirn in. Icgal pr�x«tilinr, which in U�� Lendcr'. upinion i�peratc a► prcvent the
<br /> �' :'.',''i"-. s .. •� • .�•�'�.' enti�rceimnt af Ihe lirn:��r Irl,ccur�,fnmi thc hulJrr uf thr lirn ui�a�rrrmrnt �ati�fartun iu i.en�l�r.uhurdinutin�t thc licn to ►
<br /> �• :".. . ,,�.��• • this Security Inrttumcnt. If LenJcr dclrrminr.Ihu1 any part ul�th�Pruprrn•i,.uhjr�� u�u licn ahi.:h may auain pri��rit}�over
<br /> .,-, ,��4;�. ,
<br /> .;� ,....;t, this Sccuriry Inurumcnt. Ixnder nm�•�.i�•�N�►rru��cr a n�Hir�• idiinil�in, Ihr lirn- 13�ar��wrr.hall.:uitil� thc licn ur takc unc or
<br /> � '.: mot�of the ucliom+et fimh atKwe within I11 Ja�.ul th.�i�ing ul nuli�r. :
<br /> �'
<br /> ,',,;�,. Fam 3029 9/90 ��
<br /> M, �
<br /> �,�:,,,, Pagc 7 0�6
<br /> E•#• ��TS�j ^ •
<br /> J �-• :!� l,.i
<br /> 3��'
<br /> :.�,,r; : -
<br /> f .. . -+�-°r _----- ___ . .- � - _ . ._.;,:.,.;�t:,t�.�,_ . -,r .. -..,—.;�;�rh;,,.e;;:,�:�_�a': .
<br /> �.y�`� .... .
<br /> '- � . . . ..i��.
<br /> (' •
<br /> v.
<br /> . .
<br /> ,._ _ . . . . .��. _ ..,
<br /> --'—' .--." " ' '--- -
<br /> � �----"- - . . , .._ . . . .. .. . ._ .. . .. ._. _. ... . .. , . . .� . ..
<br /> -- � ' u •
<br /> '
<br /> .Z, ' .
<br /> �
<br /> l
<br /> y � �.
<br /> r '�
<br /> ' ; . �� , .. .. .. ' ' �. .i .� . •
<br /> . _ � .. .. _, . �
<br /> • 1
<br />
|