|
� —;
<br /> ._� - ' '_ _
<br /> ' 'f,,-•. "_
<br /> �-i� .�:�t.� ,1i"---.��__..
<br /> '`� -- _ _ ...�J
<br /> 93��$
<br /> TOC)�Ttl�R W1TH all the improvemaU�now or liereafter erccted an the propertY.�nd QI easemrnt►,wppurun�rwai,
<br /> �'�d liFta�a:�uw�t��:�t::tei:�,:�Y oi i�ic:Ft�-rtY. A:I t�tx�mtrts�d:.d�fticm���s!!�!w M c�v.nKi hy�hiK�nu�lty
<br /> Instrumcnt. All of thc fom:�oin�ia refened to in thir Security Instrument as the"Property."
<br /> BORROWER CO'V�:�ANTS th�t 8orrower ie t�wfully kised of Ihe estate hec�eby convayed and has the ri�ht to�nt
<br /> and convty tix Property xnd that tt�Pru{xrty ir unencumbered,except for encumbrwices of ncord. Borrower w�uraru:u►d
<br /> wAl tkfend�er�udly the titk to the Prc�pertY a��inst all rWrru�uW derrundr.Qub)ect to�ny er�cumbrwrce�of retord.
<br /> THIS SF.CURLTY INSTRUMEN'T combirks unifam covenrnts for nation�l ux uid non-unitwm covtn�tus wi�h
<br /> - �-������ IuNtod vuiadans by Jurisdictian w cautitute a unifortn sauriry itutrument coverin�re�l property.
<br /> UNIFORM COVENANTS. Bomower and Lender covtnu�t a►ci agree as fallows:
<br /> 1. P�yme�t ot�rinclpd�nd Iatere�ti 1'�'eWYmeat�pd Late Chu�es. Bortower shall p�ompt�Y PaY wl�en due Ihe
<br /> prinsipa!of and interest on the debt evidencM by the Note And u�y prepnYment and Ixte charger due urukr thu,Note.
<br /> 2. F�ads tor 1luces�ad Inwr�nce. SubJect to applicable Iaw a to a written waiver by Lender.Borrowar shall pay to
<br /> Lender on the day monthly payments are due under the Note,until the Nae is paid in fup,a sum("Punds")for:(A)yearly
<br /> taxes and assessments whlch may Attain pricxity over this Security lnsuument as a lien on tha Property:(b)ycarly 1cASChqld
<br /> payments a ground rents on the Property, if any: (c)yearly hezard or property insurance premwm�; (d) ycarly flood
<br /> fnsurance premiums, if any: (e) yearly mortgage insurance premiums,if any; and (� any sums payobla by Barower to
<br /> Lender.in accordance wfth the pmvisions of paragraph 8.in lieu of the payment of mortgAge insurance prmiums. The.se
<br /> items are cal(ed"Eseraw Item.s.' Lender may,at any time,collect and hold Funds in an amount not to exceed t}�e msucimum
<br /> amount a lender for a fcdersiUy related mortgaga loan may requic�e far Boaower�s escrow account under the federal Rcal
<br /> Estate Settlement Procedures Act oF 1974 as amended from time to time,12 U.S.C.$260I et seq.("KESPA"),unless another
<br /> Isw that applies to the Punds sets a lesser Amount. If so.Lender may,at any dme.collect and hold Funds in an amount not to
<br /> = exceed the lesscr amount. [.ender may estirnatc thc amount of!'vnds dae on the basis of current daa w�d r�casonablc
<br /> estim�tes of expenditures of future Escrow Items or otherwise in accordance with applicable law.
<br /> 'Ibe F�nds shall be held in nn insUtution whosc deposits are Insured by a federal agcncy. inswmentality.or cntity
<br /> (including I.ender,if lxnder is such su►institution)or in any Feder�l Home Loun Bnnic. Lender shsili apply the Funds to pay
<br /> the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow
<br /> s orrower interest on the E�nds and a licable law rmits
<br /> 1 ss Lende
<br /> r a B Pp Pe
<br /> s un e
<br /> nccount. �r verlfyinb the Fscnw Item . ' y
<br /> - Lender to make such a chazge. However,L.ender may require Horrower to puy u one-time charge for an independent real
<br /> estate tax reporting service used by Lender in connecrion with this loan,unless applicable law provides otherwise. Unless an
<br />-- agroement is made or applicable law requires interest to be psad,Lender shall not be required to pay Bortower any interest or
<br /> earnings on the Fbnds. Borrower end Lender may pgree in wrlting,twwcver,that interest shall be paid on the Funds. I.ender
<br /> Punds showin credits und deblts to the Funds and the
<br /> shAll gtve to Borrower,without charge.an annual accounting of the , 8
<br /> — purpose for which each debit to the Funds was made. The Funds are pledged as additionat security for all sums secured by
<br /> _
<br /> - this Security Instrument.
<br /> ----
<br /> i If che Funds held by Lender exceed the amounts permitted io i�c hriu i,y nppiicabi� law. Lender shall accouni ta
<br /> Bomower for the excess Flmds in accordance with the requirements of applicable law. If the unount of the Funds held by
<br /> Lender at any time Is nat sufficient to pay the Escrow I[ems when duc, l.end�r may so notify Borrower in writing.and.in
<br /> � `'r such case Barrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> � n �' deficiency in no more than twelve monthly payments,at I.endcr's sole discretion.
<br /> • `��"''" Upon payment in full of ull sums secured by this Securiry Instrument,Lender shall promptly refund to Borcower eny
<br /> � • '�T�' Funds held by Lender. If,under paragraph 21,Lender shall acquire or sell the Property.Lender,prior to the acquisition or
<br />: `';:.r:��:;�+'•;r�.;�-� sale of the Property, shalt epply uny Funds hetd by Lender at the time of acquisition or sale as a credlt against the sums
<br /> - :+�=�"`�-����` � secured by this Security lnstrument.
<br /> , �`��t�:�.y";;�� 3. Applkation of Paymenis. Unlcss applicublc Iaw providcs otherwise, all payments receivcd by I.ender under
<br />`�,' �� >=��ei9y: paragraphs 1 and 2 shall bc applied:fint,to any prcpaymcnt ch�rges due under the Note;second,to amounts payuble under
<br /> " paragraph 2;third,to intereu due;fourth,to principal due;nnd last,to any late chsuges due under the Note.
<br />--- 4. Charges; I.iens. Borrower shall pay al( taxes, a5sessmcnts, charges, �nes and impositions attributable to the
<br /> t....•�ti;� :,,^. .,.. � . Property which may attain priority over this Security Instrumcnt,�nd leasehold payments or ground rents.if any. Borrower
<br /> '�; � ��^'••��,�F^ •, shali pay these obligations in the manncr provided in paragraph 2,or if not paid in that manner,Borrowcr shall pay them on
<br />_ ,��' �:�,,;:-�•-��; time direcNy to the person owed payment. Borrower shall promptly fumish to Lender ull notices of amounts to be paid under
<br /> this paragraph. 1f Bottower makes these payn�ents directly.Horrower shull promptly furnish to Lender receipts evidencing
<br />.- ',��` ' .�=;:;;.,..:'' the payments.
<br /> , I��.,s;;,;,, ',;,,'` Borrower shnll promptly discharge any licn which Bas priority over this 5ecurity Instrument unless Borrower:(a)agrees
<br /> ••���-�••:��,- in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in good faith the
<br /> lien by.or defends against enforcement of thc lien in,le�al procccdin�s which in thc Lendc�s opinion operatc to pre.vent the
<br /> � ~ '{�i;E��,, enforcement of the lien;or(c)securcs from the holder of the lien an agrcement satisfnctory to L.ender subordinating the lien
<br /> ,:, . s�'_». .
<br /> �:,,���,.•;tf to this Security Instrumeni. If Lender determines that any part of the 1'roperty is subject to a lien which may att n priarity
<br />— . �,�,rr�,��.:, over this Security Instrument,Lender may give Borrower a notice identifying the Iien. Borrower shull satisfy the lien or take
<br /> - —m�—`�==��-= one or more of the actions set forth above within 10 days of the biving of notice.
<br /> -"��.;,..:: S. Hazard or Property Insurance. Borrowcr shall kecp the improvements now existing or hereafter erected on the
<br /> :� <<•. Propetty insured ag:unst loss by fire,hazardx included within the te�m"extended coverage"and any other hazards,including
<br /> ;_�F.�.,,,,:,;�,�,;;;;-,� floods or flooding. for whlch I.ender requires insurance. This insurance shull be maintained in the amounts and for the
<br /> ��r
<br /> Foro J02� 9l90 (paRt 2 oj6 pogtsJ
<br /> r��
<br /> - _ �c -,.�� ��x-tr--r--- ---�.�.,,..r.'�•�vER't: ''-�����fc.,��.�.���.Y ��. __' '`c.� .._ _ ,-.
<br /> - -.,.Y.a,,..�.Y:, �... r . �. _ _—� ,�, - '�i�'liFl�dt u.�y. _ -
<br /> . ' - _- •._.ci.._ss�Yei..�.7.S1t1�� +� ��f ui��..�..., -
<br /> - _,a -- — - - _,�
<br /> __ . vuk `'475.':�__ ._ r_t.�.. :_.r . . _... _.?, �..:a.:C= �..� .� ,� °.��<�L.. . .-"a� .�. 1✓r''.�'._
<br /> - ..n�-.� � .ti ....:-. ,> . . � •,�....
<br /> - -_- -:i:a... �. �.�. �,.i .. . . . . .t.lfiiiST� ,`�.,�}�...'",...'••�• . � . ;t.�°'.
<br /> . � .�Li,=r'-4r�:.t�.., v�.t . .. ' _ „','w r� . __ '�'3�f".^r.�s'''.�t•,. ..._ � :�. ,
<br />
|