|
� _
<br /> . ._,
<br /> __�__���_� . _.
<br /> ---------- --- �� -_
<br /> T��_ �--�...��vq�'R"^— - „V — . :�nc' ,�.,
<br /> r� '� �.. � -. .• -.`
<br /> �� ��+ '. ...,........ .. .fi..---.
<br /> -, �Y
<br /> _�:��:�� ��4- ����l�3
<br /> ����'� 1'0(}ETHER W[TH alt the Impro�emcntR naw ar hercaftc�erected nn thc property,and atl cosements,nppurtc�iances�
<br /> and flxturea now or hereafter n pnrt of tha propeny. All r�placements nnd addiAons ehall niso be covered by this 5ecurity
<br /> '-� Instcument. All of the foregoing is rcfemed to in ihiR Secudty Instrutnent ns the"Property."
<br /> -°� � BORROW�R COVBNANI'3 thst Bacrower is lx�vfully atlsed ot the estnte hereby conveyed and has thC right to gtant
<br /> --
<br /> "�'��� und convey the Property nnd U►at the�roperiy is unencumbered,except for encumbrnncea of record. Borrower warrnnta c+nd ^A-
<br /> i will defend generel�y the dtle to the Property ugulnst all etaims and demands,subject to uny encumbransa:x of rccard.
<br /> THIS SECURITY IN5TTt11MENT combineR uniform covenant� for nadonal use nnd non•unifotm eovenanta with
<br /> �. Itmited vuriotlone by Jur�sdictton to consutute n unifarm secudty instruma:nt covedng real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and ogrco as followa:
<br /> � 1. Payment ot PrInclQnl and interest;Prepayment and Late Charges. Barrower shnil promptly pay when due the
<br /> prictcipal of and iaterest on the debt evidenced by the Note and nny prepayment nnd late churgea due under tho Note.
<br /> 2. Fuads for'It�xes and lnsurance. Subject to upplicnble luwr or to a wrluen waiver by l.ender,9orrower ehall pay to
<br /> " Lendcr on the day monthly payments are due under the Note,unttl the Note is paid In fuil.u sum("Fundx")for.(a)yenrly
<br /> '�bi�, taxes and assessmenta which moy attuin prloriry ovcr this Security Instrument as s lten on the Propetty:(b)ycarlY lcaschold - -
<br /> pa menta or ground rents an the Property, iP any; (c) yeurly hnzord or property insurartce premiuma; (d) yearly flood
<br /> � * z� ��� ( Y
<br /> �<;,�.:�� x- neurance premiums, if any;(e) yearly mortgaga insurnnce premiums. if any:and(� any sums payable by Borrower to
<br /> '. i..r . 'e,"� ,i'. 1
<br /> � �:�'��: ti L.ender.In accoMance with the provisions of pnrngraph 8.In lieu of the pnyment of mortgage insurance premiums. These
<br /> ' •�!±��i��?.���.; � items am called"Escrow Items." Lender may.at nny time.collect and hold Funds in an amount n o t t o e xceed the maximnm
<br /> ':1"`:"'��;�'."`':;�`':`. amount n lender for a federally related mortgage loan may require for Borrower's escrow account under the federal Real
<br /> '' -:j�`3 Fvtate Settlement Ptocedures Act of 1974 as amcnde d from dm�to cime.1 2 U.S.C. §2 6 8 1 e t seq.("R E S P A"),u n i c s s a n o t h e r ---
<br /> �� ';•�3` ' '�� "' law that appltes to the Funds sets a lesser amaunt. If so.I.ender may.at any time,coltect and hoid Funcix;n+u�a�izou�t sot ta =
<br /> ' �� � exceed the lesser amount. Lender may esttmute the amount of FUnds due on the basis of cunent datc�and reasonable
<br /> � ' ° esdmatea of expendltur�es af future Escrow Items or otherwise ln accordance with epp1lcable law.
<br /> � The Funds shall bc held in an instituUan whose depostts are insured by a federal agency.instrumentaliry,ot ent�ty
<br /> j . � • � (including Lender.lf Lender is such an instttution)or in any Federal Home Loan Bsink. Lender shall apply the Funds ro pay _
<br /> n
<br /> � ��., . thc Sscrow Items. I.ender may not charge Boaower for holding and applying the Funds.annually analyzing the escrow
<br /> �� account, or vertfytns the Escrow Items, unless Lender pays Botrower interest on the Ftmds and appllcable law permits
<br /> • Lender to make such a charge. However,Lcnder may requtre Borrower to pay a one-time charge for en indepcndent real _
<br /> � � estate tax reporting servlce used by Lender in connection with thts loan. unless applicable law provides otherwise. Unless an -_
<br /> • agreement ia made or applicable taw requires interest to be paid,Le.rider shall not be required to pay Borrower any interest or
<br /> � . eamings on the FLnds. Borrower and Lender may agree in wdting,however,that interest shall be patd on the FLnds. [.ender
<br /> sh�ll giYe to Borrower,without charge.an annual accountin�of the Funds,showing credits and deb(ts to the Ftinds and the
<br /> .. �� purpose for which each debit to the Funds was made. The�nds are pledged as additional security tor eli sums secured by �__
<br /> this Securiry Instrument. �'
<br /> �> If the Funds held by l.ender exceed the amounts permitted to be held by applicable law,Lender shall account to _
<br /> � , Borrower for the excess Funds in accordance with the reqairements of applicable law. If the amount of the Ftmds held by ��F
<br /> - L.ender at any time is not sufRcient to pay the Escrow Items when due,l.ender may so notify Bocrower in wrfting,and,in _
<br /> �.:._,......,_.,,_:...,. ,:_. annc�aae. Rarrower shnil �ny to Lender the amount necessary to make up the deficiency. Borrower shatl make up the �
<br /> deficlency in no more than twelve monthly payments,at Lender's solediscretion. Rt..._
<br /> � �• U n ayment in full of all sums secured by this Securiry [nswrnent,I..ender shall promptly refund to Borrower any ���':.
<br /> Po P
<br /> "'� Fwnds held by Lender. If.under paragraph 21,Lender sha{(acquire or seil the Property,Lender.prlor to the acqulsitlon or . _
<br /> sale of the Property, shell apply any Funds hcld by Lender at the time of acquisition or sale as a credit ugalnst the sums „,.
<br /> . secured by thls Secudty Insuument. "
<br /> 3. Applieation of Payments. Unless appiicable Inw provides otherwise. all payments received by Lender under •
<br /> pnragraphs 1 and 2 shall be applied:first,to uny prepnyment charges due under the Note;second,to amounts payable under
<br /> ` � paragraph 2;third,to interest due;fourth,to princ�pul due;and last,to any late charges due under the Note.
<br /> 4. Charges; Liens. Burrower shnil pay all tuxes, assessmcnts, cherges, fines and impositions attributable to the
<br /> • property which muy attain priority over this Security Instrument,and lensehold payments or ground rents, if any. Borrower
<br /> shal!pay these ohiigntions in thc manner provided in puragraph 2,or if not paid in thut manner,Sorcowcr shall pay them on
<br /> time directly to the person owed payment. Borrower shull promptly furnish to Lender a�l notices of amounts to b�paiJ u�►der
<br /> this para�raph. If Borrower makes these payments directly,Borrower shall promptly furnish to Lender recetpts evidencing
<br /> the payments.
<br /> Bonower shulf promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrees
<br /> !n writin�to the payment of the obli�ution secured by thc lien in u manner acceptable to Lender,(b)cvntests in good faith the
<br /> lien by,or defends against enfarcement af the licn in,legal procccdings which in the T.ender s opinion opernte to prevent the
<br /> enforcement�f the lien;or(c)secures from the holder of the lien nn u�reement satisfactory to Lender�ubordinating the lien
<br /> to this Security Instrument. If Lender determine+tht►t nny part of the Property is subject to a lien which may uttain priortty
<br /> ' over this Security Instrument.Lender may give Borrower u notice identifying the lien. Borrower shall satisfy the lfen or take
<br /> one or more of the actions�et forth above within 10 day�of the�ivinE of notice.
<br /> S. Hazerd or Property Insurance. Borrowcr shall kecp thc irnptovcmcnts now existing or hereafter erected on the
<br /> E'roperty insured egainst loss by fire,hazurds inctuded within the term "extended coverage"und uny other hazards,including
<br /> floods or floodin€, for which Lender requires insurance. Thi.r inaurance shull be maintuined in the amounts and for the
<br /> t
<br /> Furm3028 9/90 �/x�xe:nje�ues�
<br /> . I
<br /> ' I
<br /> ,
<br /> : '�
<br /> t
<br /> , r
<br /> b
<br /> 1
<br /> 1 � '
<br /> �
<br /> � '
<br />
|