|
�. ,.
<br /> �; � -�..: � . �,...
<br /> �' �:,:; ��,�;�,�,,; , . " .� �
<br /> 6� iri
<br /> .. ,��
<br /> :�. - _ . -
<br /> _ a w+
<br /> 93= 1oesss
<br /> TaCiEif[ER WITH WI the imptavemcnw now or heneatter erocted on tho property.�nd�II e�cen�ts,�aten�nve�.
<br /> C
<br /> uid fixtar+a�now or hercaRcr a part of tho poaperty. All npi�oemenw And addidon�rhall�iw be covaal by thi�3xurity
<br /> Insuumen� All of tho forcgoinQ ir refemed ta in�his Security In�trumont as the"Propeity."
<br /> �..� BO[tROWER COVBNANT5 tFwt Bortower ic lowfully ceiced of�he esune hereby conveyed aad hr�the d�ht to Qrant
<br /> end convey the Propeny end that Ihe ProP�nY js uncncumbered.except for encumbr�ncea of't�ecord. Ba�t�nwa warrant�and
<br /> - will defend generaliy the dde w the Prope�ty aQainst all cl�ims and dem�ncir.�ubjcet to�sy encumb��of rocord.
<br /> T'HIS SECURITY 1NST[tL'MeN7' combines uniform covwu�nts for nationel use ond ne�o•unifam covet�ants wjlh
<br /> ' limited varladona by jurisdlcdon to constitute a uniform secudty in�aument coverin�tral property.
<br /> °• . ,• 1,AVIFARM COVENANTS. Borrower and Lender covenant and agree as foliowe:
<br /> '�-�-+:�`,:,�...���.�� l. P�yment ot Prtndpal aad lntericti Ih+eWYmeM Aad Late Char�. Burruwer shali promP►�Y PAY wheo duo tba
<br /> � . ?',;r. ,•... ., 5�.;.
<br /> ,{;.• ; :, � principal of and interest on the debt evidenced by�he Note and any prepayment and late chsuges duc under thc Notc.
<br /> �•�;�•;;�T.'' Z. F�a�[or'I b x e s n u d t a c u r a n c a S u b j e c t t a a p p l i c a b l e l a w o r t o a w r i t t e n w�i v e r b y L e n d e r.8 o m n w e r s h a a l l p a Y t o
<br /> '�°-t�"" �s ' ments er�a due under the NWe.undl the Notc is paid in full.a sum("Fund.c")for.(a)yearly
<br /> �':•.�•°�,�!'�� Lender on the da y monthl 9 P e Y
<br /> (�i'4•�i-:
<br /> ,'`,�S?�,',��?;,�'•°,.°'i.., ta�ces and assessments which may attein prfaity over this Secudty lnsuument us u lien on the Prope�ty:lb)Yearly leaceh
<br /> v.��*- '.,,�. r. � payments w gruund rents on the Property. if any: (c1 Yearly hazard or property fnsurance prcmiums: (d) Yearly flood
<br /> '`�.t'�t,��<<sY':` .' inaumnce premiums, if any: (e) Yearly mortgage insurance premtums, if any: and(� any sums payable by Bomower to
<br /> � ti ���P�n
<br />. i�.,�.'. �i�'. ,,:" �n��n.
<br /> .*,� ,,.,.,:,� -- fZµ�� Lender,in accoMence with the provisions of puragrapb 8.in lieu of the payment of mortgage insurance premiums. These
<br />�,;•r ,ti�,��.t,����. ` '��"� items are called"Escraw Items." l.ender may.at eny t�me.collect and hold Punds in an w�wunt not to exceed the maximum
<br />� .,. , �rc, � .: ' .� amounl a leader for a federally �lated mortgage loan may requice for Borrower's escrow account under the fedewl Rewl
<br /> . ..` � .'�,:.� Estate Settlement Pracedutas Act of 1974 as emended fmm Nme to dme.12 U.S.C.$2601 e!seq.("RFSPA"),unless�nothar
<br /> , . .. }�,� .
<br /> . _,,�;�•:'�;� �';... _.�u .:,�:•;�, Iaw�hut applies to the Fl�nds sets a lesser amaunt. li co.l.ender may,at any dme,colkct and ho l d F�n d s in An amoun t no t to
<br /> � � � � exceed the lesser amount. Lender may estlmate ihe amount of Flmds duo on tha basis of cwrent data and reawnabla
<br /> � .,. •�"•f -° '� � " estimates of axpendituies of future Escrow Ttems or atherwise in accordance w1U�applicable law.
<br /> • .�, ...• ;
<br /> ��;,;�- The Fuods shall be held in an inst�tution whose depnsi�c are insured by a federal agency. inswmentality,or entity
<br /> �::';;:%�s:. '•-- (including l.ender,if l,ender is such an institution)or in any Federal Home Luan Butik. l.ender shall apply tlie Funds to pay Y,
<br /> �...,;.. ,� •• ..
<br /> �,,�.,`•;:,r� �-,•r:+�� �' the�scrow Items. I.ender may not charge 8orrower for holding and applying the Funds, annually analyxing �he escrow
<br /> "�`.'�fr', , '�';';+�r,. account, or verifying the Escrow ltems, unless Lender pays Borrower interest on �he Funds and applicable !aw permits
<br /> % ��?�?';;, � '�t'�v� L.ender to make such a cherge. However,l.endcr may requi�8onower to pay u ane-time charge for an independent�+esl
<br /> �.,,�;3!�..r'
<br /> �:`:;'�.� estate tax repoNng service ur,ed by Lender in connection with this loan,unless applicable luw provides otheraf�se• Unless an
<br /> ...•;,r;,' , agreement is made or epplicable law requirex interest ta be paid.L�nder shall nat be required to pay Borrower any intcrest or
<br /> � ' ''+.�:.�• eairnings on U�e Funds. Borrower and L.ender muy ugree in writ�ng.however,that interest shall be paid on the Funds. Lender
<br /> +" . ` • � � shall give to Borrower,withau�charge,an annual accaunting of the Funds,showin�credits and debits�o the Funds end the
<br /> . � , purpo�e for which euch debit to the FLnds was made. The Fl�nda ure pledged es additionul security for all sums secured by
<br /> --�Y,.r; tlsis Security lastrument.
<br /> ,,;,:;.;�; if the Funds held by Lender exceed the umounts permined to be held by applicable law. Lender shaU aceount to
<br /> •� ��,;��%����:. • Bortower for the excess Funds in uccardunce wi�h ihe reqmrements af applicabl�inw. if lhe wuuuut of ihe Funds held Ay
<br /> . ..,i,.. , .1�+,,.
<br /> ���: •:•���� �•�• �• Lender nt any time is not sufficient to pay ihe Escraw I�ems when due,[.ender may so notii'y Borrower in writing.und.in
<br /> ; ���'� '�' `•''``�'°,• ; such caec Eorrower shall pay to Lender the omount necesu�ry to make up the deficiency. Borrower shall make up the
<br /> � . � ��'�.�'�'�� ` deticiency in no more thun twelve monthly paymentr,ut Lender's sole discretian.
<br /> ��'•'�� ' Upon payment in full of nll sums secured by Ihi�:Security Instrument,Lender shull prompdy refund to Borrower any
<br /> �� •`�'���"� Funds hald by Lendcr. If,undcr parngruph Z1,Lender shull acquire or sell thc Propcny.Lendcr,prior to the acquisilion or
<br /> , snle of the Property.xhAll upply uny Funds held by Lender ut�he time of acquisition or tiule as u credit �geinst tha sums
<br /> ' secured by this Security Instrumcnt.
<br /> l�� , ., 3. Applieatlon of Poyments. Unles+ upplicahk luw procides othenvi,e. all puyments received by Lender under
<br /> ��� ^ parogruphs 1 and 2�hall ix applied: first,to uny prepayment charges due und�r ihe Note:�econd,to umounts payable uader
<br /> ;, , • parugruph 2;�hird,to intcrest duc:fourth,to prinripul duc:and lu.t,to s�ny late chargcs due under the Note.
<br /> ° � 4. Charges; I.lens. B��rruwer shull p�+y ull taxes, a,.eticmcnt.r, ch:uge,, finc. unJ impositions atui6uwble to the
<br /> properiy which may nuain priority over thi,Srrurity In�trument,•rnJ Icuschold puyment�or ground rcMs, if any. Barrower •�. _
<br /> � shall pay the�c obligutions in thc munncr pro.•ided in pvrugraph 2,or if not p•rid in thn�manner,B��rrnwcr shall pay them on )�c:
<br /> � � � r,� time direcUy ta�he perscm owed payrnent. B��rn�w•cr tihull promptly furnivh to Lendcr ull noticeti of umounl.to be paid uncler ;��•
<br /> ' thi.purugruph. If Borrower make�theK p•ryment.dirccdy. Horrower xhull protnptly fumish to Lender receipts evidencing
<br /> ''" � the puymenix.
<br /> • Borrower.hall prompUy di.charEr any licn ahich ha.priurity�wcr thi,Srcurity In+tnimem unlesx Borroa'er:l:�l ugree.
<br /> in writing to thc paymen�of thc uhligation.rrurcJ hy thc lien in u mann�r��crptaMc ta Lcndrr:lbl conte�t�in good fuith the
<br /> leen Py.��r defend�ugoin.�rnti�rcemcnt of thc licn in,Ic�:al pr�xceJin�a which in thr Lrndcr�upinion operute to prevent the
<br /> • rnWrcemem of the lien;ar Icl�ecurc�frum�hr hi�l�kr uf Ihr lirn un a�rrenwnt .ati.l';ktury to Lcnder suhnrdins+ting the lien G��.
<br /> to thi�Securiry Imtrumrn�. If Lrndcr Jc�crniinc.thnt any pan u!'ih� Propuny i.,uhjcrt tu a licn which may uttuin prioriry ti,':�,`
<br /> � over this Sccurity In+trumcn�,Lrndcr muy Ei���B��rro«'cr u nu�irr iJrntifying�hc licn. Hurruucr.hall x•rtitify thc licn nr tsilce ;
<br /> nnc or morc ot'thr vcti�,n,,et timh alxwc wilhin Ill duy.uf thc gi�ing��I'n�Hi�c.
<br /> 5. HAZard or Property lnsurance. Hnrrow•cr,hull krrp the imprc���►rknt.nuµ cxi.ting ur hrreuftcr crected on �hc ��•'
<br /> : Propeny inwred •rFuin�t I��,�by tire,haiurJ.inrluJcd��i�hin�he tenn"rtiicnd�d ru�cragr"and any��thcr h;UUrd..inrluding ;
<br /> . � floods or floocling. fi►r ahirh l.cndrr rcyuirrti inwrunrc. Thi,insurancc >h;�ll 1+�• maintaincd in �hr um�wnt� und tnr U�r k�
<br /> � � • . I
<br /> F'ormJ028 9/90 iryr.¢�•:.Nnr,..vr,► �
<br /> i
<br /> y.` i .
<br /> � •�i� .�� � �
<br /> :'�� . i
<br /> r� ' ��'�� - - • � � - . ,
<br /> , �I 1 ,L. . , . . . . . .
<br /> $(
<br /> k�
<br /> ��
<br /> �. ---- --- —
<br /> _ _ �..: . . _.. . .. .
<br /> . �
<br /> �
<br /> ��
<br /> f
<br /> �
<br /> i L �
<br /> �
<br /> � �
<br /> �, - ' �
<br />
|