|
!�� H`
<br /> N * _
<br /> '_ ..--.��
<br /> 94- 1o�.3a�
<br /> 'r'O(I877i8R WITH�Il the impcova��s now at i�enaftar arocted oa the pr�p�tty.�nd aU a�ement���Plwrta►enca�.
<br /> and Axturo�now a ha�odter�p�tt of tbe proNettY. All ropl�cement��nd�ddidon�shap ala be oownd by tWs S�ciuity
<br /> Tq�tnuna�t. All of Ihe taoe�oity{io Kf�aTed w in�lii�Sacurity lnurumeat u the"ProPertY•"
<br /> BORROWP.it(:OVENANTS that 8cxrower i�I�wN11y eel�ed of ihc ectate hercby conveyed�nd twa tlx ri4ht to�nt
<br /> and convey the�and�lut the Property i�w�eecumberod�eucept for encumbru�ce�of rocad. Barower w�r�nts md
<br /> wlll deiend�ena�!y the dtk W the ProjkKy a�dnit all cldms and dem�nds�iub,ject W�ny encumbrance�af rocord.
<br /> � THIS SECURITY INSTRUMEIVT combines unifortn covenanu for nrtiun�l ue�e asd �►a►-unlform wven�nts wlth
<br /> limited vuiadon�by juds�diction to co�t�tuu a unlfam security inswrrKOt coverin�rcsl propehy
<br /> UNIFORM COVENANTS. 8orrower axl L.etider covenent and�roe r+s foUow�: when due the
<br /> 1. P�ytoeat ot Prindpd�nd IuOere�t:PrsWYment ond Ute C6ar�a. l3orrower ahwll PromP�Y PaY
<br /> pdpcipal of ond intere�t on the debt cvidrnced by thc Note and any pceWYmcnt and�ate chugcs due under the Note.
<br /> 2. l�tind�foe'11uca and Inwrancc+. Subject to applicable law ar to A wdtun waiver by l.ender.8oR'ower stwll pay to
<br /> --------------°�°�— Lender on thc day monthly paymenGS ere due under the Note,until the Note is Raid in Nll.a s���b y�y�����d
<br /> wxes and�ssesaments which rtuy atcain priority over thia Secuclty[nstrument as a lien on the
<br /> pryments or ground rcnts on the Property, if any; (c) yearly bazard or property insurance premiums; (d) yeuly flood
<br /> iasurance pnemiums, if any; (o) yearly mortgage insurance P cu of the;f�ment�of�moe a e ns�e1ercmtum�W'I�ese
<br /> Lendcr, in ucordancc with thc provisions of paragrap PaY S 8 P
<br /> items a�+e ceUed"Escrow Itecns." Lender may,At any time,collect and hold Funds in an amaunt not to exceed the maximum
<br /> emount a lender for a federally related mortgage loan may require foc Borrower s escrow account under the federal Real
<br /> ,;,- Estate Settlement Procedares Act of 1974 r.s amended frum time to dme,12 U.S.C.§2601 et seq.("RESPA"),unless another
<br /> law that applies to the Punds sets a lesser+unuunt. if so,L.enckr maY.at any time,collect and hold Funda in an amount na to _
<br /> exceed the lesser amount. Lender may estimate the amaunt af Funds due on the basis of current data and reasonable
<br /> ,.��,.��,� ,�`�;3 estimates of expeaditures of futune Escmw Items or otherwise in accordance with applicable law.
<br /> ;-��.,:' , ��c<��` � ' ••'�.�.�:•'•� Thc FundS shall be held in an insutution who.ce deposits are insured by a federal agcncy, instrumentality. or enuty
<br /> ��',.,,,. 4
<br /> ,:;:,, r� „D�r;a�;�_ . ,4, (including L.ender,if Lender is such a�instttution)or in Any Federal Home Lonn Bank. Lender shall apply the Funds to pay
<br /> �'f';�?.;r-�:' '.�l,c ;;� the Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually enalyzing the escrow
<br /> ���-=•�''+''-t=�''�':�' E�%�A account, or vedfying the Escrow Items, unless Lender pays Barrower interest on the Funds and applicable law permits
<br /> . Y.�!^i:}i''���:� �
<br /> ,�h„5�4.�- :,.,{;� Lender to makc such a charge. However.I.ender may require Borrower to pay a one-time charge for an independcnt real
<br /> �:_ : estate tax repotting service used by Lcnder in connecdon with this loan,unless applicable law provides otherwise. Unless an
<br />� :riV;: ' .,.� � agreement is made or epplicablc law requires interest to be paid,Lender shall not be required to pay Borrowcr any jnterest or
<br /> �`'""�"� ' '"'��`�: ," earnings on thc Funds. Borrower und Lender may agrcc in writing,howcvcr,that interest shafl be pald on the Funds. Lender
<br /> "~'� r, ""'a' shall give ta Bocrower,without churge,an annual uccounting of the Fundti,showing credits nnd debits to the Funds and the
<br /> '�'�� �'' ` ',�%��i ' pu�pose for which cach debit to the Funds wus mpde. The Funds are pledQed as addlUonal wxudty for all cums secured by
<br /> +:`.�'• ;' �`. .' thisSecuriry Inswmcnt.
<br /> . If the Funds held by L.cnder exceed thc amounts permittcd ta be hc(d �y �pplicablc 1•rw, Lcndcr shull account to
<br /> � Bocrower for the exceFx Fundr in uccordunce with thc requiremrnt,of applicuble irw. If the umount af the Funds hcid by
<br /> �a-�•• • �: Lender At uny time is not rufficicnt to pay thc Escruw Items when due,Lender muy ro notify Borrower in wrlting,und, in
<br /> ° '""""""t�'-.' � " such casc Bortowcr shall pay to Lcndcr thr umount nccc+.ary tn makc up thc dcficicncy. Borrowcr shull makc up the
<br /> deficicncy in no mnrc thun twelve monihly payments,at Lendcrs wle di�cretion.
<br /> , ' ' " Upon paymcnt in full of all sums rccurcd by this Sccuriry In,trument,Lendcr sh:�ll promptly �efund to Borrower uny
<br /> � F'vnds held by Lender. If,m�der purugrrph 21,Lender sh•rll ucquirc or�ell thc Propecty,Lender,prior to the acquisition or
<br /> sele of thc Property,xhull apply any Funds hcld by L.endcr nt thc cimc of ucquisition or sulc us a credit against the sums
<br /> • aecured by this Security Instrunxnt.
<br /> - 3. ApplicAtion of Pxyn�eut�. Unlc++ applicablc lativ provides othcrwixc. ull paymcnts receivcd by Lender under
<br /> ��' paragruphs 1 and 2 shull be applied:�rst,to any prepaymcnt charges duc under the Notc;sccund,to amounts payable under
<br /> �: � paragraph 2;third,to intercst duc;fourth,to principal due;and last,to any late charges due undcr the Note.
<br /> 4. Charges; Liens. Borrower shall pay all Gucex, assessments, charges, fines and impositions uttributable to the
<br /> � Property which may attain priority over this Security Instrument,and leasehold payments or ground rents.if any. Borrower
<br /> , shall pay thesc obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on _
<br /> �" ` time directly to the person owed payment. Borrower shal!promptly fumish to Lender all notices e�f umounts to be paid under
<br /> . this parngraph. If Borrowcr makes the�e payment+direc�ly.B�rrower shall promptly furnish to Lender receipts evtdencing
<br /> the payments.
<br /> ' � Borrower shaU promptiy discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrees
<br /> �, �� in writing to the paymcnt of the obligation sccured by thc licn in a munner acccptable to Lender;tb)cuntests in good fuith the
<br /> ` 1�-�r'��" fien by.or defends ugainst enforcement of the lien in,legal proccedings which in the Lender�opinion opemte to prevent the
<br /> , �_. �
<br /> ' a enforcement af thc licn;or(c)ser��re.fr�m the haldcr of thc lien an agrcement xatiyfactory w Lender subordinating the en
<br /> �� to this Security Inswment. lf Lender determines thut any part af the Property i.subject to a licn which may attain priority
<br /> � - over this Sccurity Inswment,Lendcr muy givc Borrower u noticc identifying the lien. Borrowcr xhall satisfy the lien ar wkc
<br /> �: - one or more of the uctions set forth atxwe within 10 days of thc giving ot'notice.
<br />- 5. HAZard or Property Insurynce. Borrower shall keep the improvements now existing ur hereafter erected on the _
<br /> Property insurcd againtit loxs by firc,hcv.ards included within thc tcrnt"extended c��veragc"and any dther hs►za�ds,inrluding
<br /> -� � floods or tlooding, for which Lcndcr rcyuirc� insuruncc. 'Chi.inaurancc ,hull hc muintainrd in thc umounts and for the
<br /> ;e
<br /> • Form 3U28 51/90 l/ti+xe 2 ojd yuKral
<br /> „
<br /> �+ � .
<br /> '
<br /> . . ;
<br /> c .
<br /> . � 1 ._ � .,�_ .x,u,.b:rn. flma�� -•'tJt:�.a,,-.:,.. ��. �..,i ...v._..
<br /> .. - �� . �i_ ,1i^"r.• ..�_�Iv'..'- � , ._ . 1 . . . .Y _-__ . . . .
<br /> '3r _. .--=--=— --. . . . .,. '' �.
<br /> .
<br /> _ _ . __ ... . . .. . . . - -'-'-- -. ..
<br /> - � .. � .. - -- �- �--� - .
<br /> � ..
<br /> �`
<br /> '
<br /> �...a�
<br /> �y i
<br /> .ti�i.• r� � . .
<br /> l.
<br /> �r . i .� '
<br /> ,,.�, ,, ,,_,
<br /> ,�+,.,';:i.,
<br /> , � • •.l•y .4��i•� .
<br /> L
<br /> �
<br /> :�iJ ._. _ . . . ._ _ - _-_ .
<br />
|