|
�
<br /> � -••
<br /> ____ - _ __ . . - __
<br /> ::
<br />_ � - ��a»+-��i�rF•.= . ��.�., -�� ,� . -.
<br /> . �r' �..1 '�' �:. "� , , _ _
<br />- � � ::� �., ....�. � _ _��
<br /> , '
<br />��_ ... - -._._..�.,.�:;.I —
<br />_= r�t; .,,.; j a�4�.o�.�03
<br />- �.�.����
<br />- � � '['OC}6TH�R W1TH eU tke{mprovcnicnt�rtow ar hexenfter erected on the propecty.end u0 et►nemente,apput2ennnces.
<br />"' and�ixtures now or hereniter u part of tha pmperty. All nplaccments nad eddiNons shall also be wvered by thts Securlty
<br />� Inswm.ent. A11 of thc foregoing ia referred to in thla Sccudty MRuument+ui the"Property."
<br /> BOR1tOWBR COVENANTS that Boaawer is Ipwttdly xeised af the esu►u hereby conveycd and han tho dght to grant
<br />-� i,�"a.�,,,,�. 'T And convey tho Propcny and Ihat the PmpeKy IR unencumbered�exwpt far encumbrarnuH oP record. Rarrowcr wwnu+�g and --
<br /> - * wiil defend genendty the Qtle tu tho Pr�pe�y aguinat uU cl�ims and demunda,aubject ta uny encurabmnc�s of recc►rd. �--
<br /> .�' THI3 SECURITY 1NSTRUM�NT combtncs uniform covennntx for natlonal uxe and nan•unifarm covcnAnt� with
<br />;' F llmtted varlatianx by Jurledlctlon ro canetitute n uniform Recudty inAtrument covcdng real property -
<br /> l . �.� -,
<br /> . ,:�;:��;_�.� UNIFOR�d COVBNANTS. Botrower und Lender coveaant und ngree as foilowR:
<br /> ��'�r,{t5���' --"t�'� *� 1. Pnyment uf Principal And Interesti�PRyment and Ia�te Cbarges. Bairower ahull pmmptly pay when due tha
<br /> ;� `r��'� ' ` �` grinclpml of and interest on the debt csvldenccd by the Note and any prepuyment and lata ch es duo under the Note.
<br /> y:.��.� ..o.:. ,r
<br /> ,�,:,,f... .: . , 2. Fuade for'Nxes end Iasurattce. Subject to applicabla law or to u wrltten waiver y Lender.Botrowor ahall pay to
<br /> '�`� "�'�• '�. '��'� - Lendcr�n the day monthly payments are duo under the Note.until the Note is paid in full,a sum("Funds")for: (n)yearly _
<br /> ���� "� � � '� taxes and assesamenta which may sttain prioriry over thla Security Instrument as a lien on the Propecty:(b)Yeariy leasehold _
<br /> ;� '��.. � , .. ,�� pa ments or and rents on the Pro P Pe Y P (d) yeady flood
<br /> i .. . Y �' PertY. if any: <c) Yearly hazard os ro rt Inaurnnce remiums:
<br /> - � insurance premlums, if any; (e) yearly mortgage inaurartce premiums,if any;and (� any sums payable by Borrower to
<br /> ; , L.ender,in accordence with the pmvisions of paragreph 8.in lieu of the payment of mortgage insurance premiums• 7`hesa
<br /> "; . � items are called"Escrow Items." Lender may,at any dme.collect end hold AWnds in an amount not to exceed the ma�cimum
<br /> � amount a lender for n federally related mortgage loan may tequire for Borrower's escrow account under the federal Real
<br /> � � �'state Settlement.Procedures Act of 1974 as amended from Ume to time,l2 U.S.C.§2601 et seq.("RESPA"),unleas another �__
<br /> _ -_ ." !aw thst applies to the F�nui�aets e lesr,er amount. If so.Lender raay.at any dme,collcct and hold Fl�nds in an amount not to
<br /> t, `. � exceed tha tesser amounG Lender may esdmate the amount of Funds due on the basis of cument data and reasonable
<br /> � estimates of expendit�res of future Escrow Items or otherwise in ucrnndertce with appltcabla 1aw. —
<br /> � ' , The Funds shall bc held in an insdtudon whose deposits ere lnaured by a federal agency.insuumentaUty.or entity -
<br /> ' (including Lender,if Lender is such an inadtudon)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay �,,-_
<br /> �� the Escr�ow Items. L.ender may not charge Borrower for holding and applying the Fbnds. ennually unalyzing the escrow __
<br /> account, or verifying the Escrow Items, unless L.ender pays Horrower interest on the Funds and applicable law petmits
<br /> , ., l,ender to make such a charge. However,I.ender may mquire Borrawer to pay a one-time charge for an independent real
<br /> estate tax repordng service used by L.endcr in connection with this loan,unleas applicable law pmvldes otherwise. Unless an ___
<br /> • agm.ement is made or upplicable law requices interest to be paid,Lender shell not be required W pay Borrower any interest or
<br /> eamings on the Funds. Bomower and Lender may agree in wrlting,however,that interest shall be paid on the Funds. Lender —
<br />_ __ __ ___ shall give to Borrower, wlthout charge,an ennual account�ng of the Funds,showing credits and debits to the PUnds and the
<br /> . purpose for which each debit to the Funds wac made. The Funds are pledged as addirional securiiy for att sants scctu�cd hy _
<br /> this Sectuity Instrument.
<br /> If the Funds held by I.ender exceed the amounts permitted to be held by applicable law,Lender shaU accouttt to
<br /> Borrower for the excess Funds in accordance with the requic�ements of applicable law. If the amount of the Funds held by
<br /> L.ender at any time is nut sufficicnt to pay the Escrow Items when due, I.ender mny so notffy Borrower in writing,and in
<br /> ' such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the R�_
<br /> °• deffciency Fn no more than rwPivP mnnthly payments,at Lender's sole discredon. -- _
<br /> . Upon payment in full of all sums secured by this Secudty Instrument,Lender shall promptly refund to Borrower any _.
<br /> Funds held by I.ender. If,undcr purugraph 21.Lender shall acquire or sell the Property,Lender.prlor to the acquixition or ��.
<br /> • • sule of the PropeRy,shap apply uny Funds held by I.ender at tha time of acquisitlon or sale as a credit against the sums ��•
<br /> secured by this Security lnswment.
<br /> 3. Applicat[on of Payments. Unlesx applicuble luw provides otherwise, all payments recelved by I.ender under _•.�
<br /> � paragraphs 1 and 2 shull be applied:first,to uny prepnyment charges due under the Note;second,to amaunts payable under ';�
<br /> paragraph 2;third,to intercst due;fourth,to principal due;and la.ct,to any late chazges due under the Note. t,..
<br /> 4. Charges;I.iens. Borrower sha11 pay alt taxes, ascessments, charges, fines and Imposjtions uttrlbutable to the ,
<br /> � Property which may attein priority over this Security Instrument,end leasehold payments or ground rents.if any. Borrower _
<br /> shall pay these obligntions in the munner provided in purngrnph 2,or if not paiJ in that manne.r,Borrower shall pay them on
<br /> - time direcQy tu die person owcd paymcnt. Borraa•cr shal!prompdy fumish to Le�sder a11 notice�of amountc to be paid under _
<br /> this paragrnph. If Bonower makes these pnyments directly,Horrower shull promptly fumish to L.ender recelpts evidencing
<br /> thc paymcnts.
<br /> Botrower shall promptly discharge any lien which has priniity over this Security lnstrument unless Borrower:{a)asrees
<br /> in writing to thc payment of the obligution securcd by the licn in a manner acceptable to Lender;(b)contests in good faith the
<br /> licn by,or defends nguinst enforcement of thc licn in,IcEal prcxeedings which in thc Lendcr's apinion operate ta ptevent the .
<br /> enforeement of the licn;or(c)securc�from thc holdcr of the lien an agnecment satisfuctary to Lender subordinating the lien
<br /> to this Security instrument. If Lender determines that any purt of the Property is subject to u lien which may attain priorlty ; ;
<br /> over this Security ]nstrument.Lender may give Borrower u notice identifying the lien. Bonower shall sndsfy the lien or take
<br /> one or morc of the ectivns set farth ubove within 10 duys of the giving oF nodce.
<br /> 5. Hazard or Property Insurance. Borrowcr shull kecp thc improvemcnts now existing or hemaftcr erected on the
<br /> Property insumd aguinst loss by fire,haz;srd,inrluded within thc term"extended covcrage"und any othcr hiv.ards,including
<br /> floods or flocxiin€,for which I.cnder rcyuircs inxurunce. Thi. insutance�hull be muintuincd in the amounts and for the
<br /> i
<br /> Form 3028 9/90 (paXe 2 oj6 pagec)
<br /> ;
<br /> � •
<br /> i
<br /> ! 1
<br /> 7
<br /> r •
<br /> C �
<br /> . . y
<br /> . f
<br /> � .� - -
<br />
|