|
-[��..- �Fr ..F . ' � . , ..
<br /> Y� . , ' � ' � r r�.
<br /> ,��`>. 1 •s . � � .r..—
<br /> ' � �
<br /> . .. .
<br /> .. , , .
<br /> -''� .. _„g .., ;,+~ . .
<br /> . ,
<br /> .......- - ._
<br /> :;� - -�� _ �.��..__�-_�____.._.._____..T_ __
<br />-.�:��.� ��-.so�a��5
<br /> �:�. � _
<br /> TOf3bTH8R WITH uli thc improvocnents naw an c�reufter enctcd on the prnperty�a u 1 easemsnt�.appurtcnanccs�
<br /> ond tixtures now or henatter a pnrt of the pmperRy. AO raplac�rrtenta and addiHons ahdl nlso ba covcred by thts Sccurlty _
<br />_ tnsaument. A11 of the faregoing!s rcferrcd m in thie Security Insdument as the"Prwpeity."
<br /> �` - - DORROWBR COVENANTS thnt Bairower is luwf�lly seised of tho estuta hereby convcyed und has the dght to gtent -
<br /> —'g���--�- and convey the Praperty and that the PrupeAy Ix unencumberzd.except fot encwnbmnces af cecord. Borrawer v�attaute and
<br /> ::���`���1 will defend generally tP�a dt18 to the Property agalnst u11 rlaims and d�mands,su6ject to a►y ertcumbr��►cea of record � ^Y- -- --
<br /> THIS SBCURITY IN5TRUMBNT cambitves uniform wvenadta for nadonal use and non•uaiform covennnta with
<br /> '. limlte�vuriodona by Jurlsdiction ta constttut�a unitarm securtty inswment covedng eessl pmpe�ty.
<br /> '�� LINIFORM COVBNANTS. Bamower and Lender covenant and agi+ee as fcqows:
<br /> �;•� � l. Peyment of Prinet{wl and iat�rest;Pe+epayenent nnd Late Clwrges. Botmwer ahall promptly pAy when due the
<br /> � 'r� ���;`�' prtacipal of und lnterest on the debt evidenced by the Note and nny prepayment and tete charges duo under the Nota.
<br /> ��'�`�;�:,';;=�=��.�"� 2. Funds for 1�xes and insurance. Subject to a plicable law or to a wrfuen wa{ver by Leader.Borrower shall pay to
<br /> �^°•���• A I.ender on the day monthly payments aR+e due under the Notc,undl the Note ia paid in full,a swn("P�nds")for.(a)yearly _ ___
<br /> '."`''!"'��:- uuces end aesessments which mny attain prIorlty over this Secudty Instcument as a llen on the Piroperty;(b)yearly leasehold
<br /> • .n.1�`�"�;'; `H'•;• puyinenls or ground rents on the Property. if anyc (�)Yearly hazerd or property insurc�nce promiums: (d) Yearly flood
<br /> .� •.�'� � i n s u r a n c e p r e m i u m s, i f a n y; (e)y e a r l y mort ga ge Inswnnce premiums. if any:and(�any sums paynble by Horn►wer to
<br /> � � s�"=�' ' � r Lender,in accordance with the provistons of paragraph 8,in lieu of the puyment of moctguge insucance ptemiums. These
<br /> •:;;.F, : ,�.,. ,. '; items ate called"Bscrow Itcros: Lender may.at aay dmc,collect and hold Funds in an araount not to exceal the mnximum _
<br /> , amount a lender for a federally r�elated mortgage loan may rcquire far Borrower's escrow account under tha fedetal Real
<br /> .., .. .,., . ..
<br /> ' ._ .. ,' :'�„� Fstate Settlement Procedures Act of 1974 as nmended fmm time to dme. 12 U.S.C.f 2601 et seq.("RESPA"),unless another --
<br /> ' °., law thnt ap�liea to the�nds sets n lesser amounG lf so.L.tnder may,at any dmo,callect and hoid FunJa ir�w�amount not W = --
<br /> � , � exceed the lesser amount. L.ender may estlmatc the amount of Funds due on the bas�s ot cwrent data and reusonable _°--�----
<br /> 3 � estimates o f expen d in►res o f future E scrow I t e m s o r o t h e r w i s e i n a c c o r d a n c e w i t h a pp l i c a b l e l aw. __
<br /> �. � The Funda shall bc held in un insdtutlon whose deposlts ure insurui by a f edcral agency,lnsdumentallty. or entiry �-�-:_��—
<br /> ' ° • � (including Lender,if L.ender is such an in�sNtution)or in any Federal Home L.oan Bank. Lender shall apply the Funds to pay =-M"=-
<br /> ,, the Rscrow Items. I.ender may not charge Borrovier for holding and applying the FLnds,annually analyxing the escrow
<br /> � accounb or verifying the Escrow Items, unless L.ender pays Borrower interese on the Funds and applicable law permiGc ��"`
<br /> � Lender to makc such a charge. However,L.ender may require Borrower to pay u one•dme charge tor an independent m,�l , 'FY?
<br /> � estete tax repor�ng service used by L.ender in connection wlth this loan,unless applicable law provides otherwise. Unless an � �:yi�f":��
<br /> � , asteement is rnade or npplicable law requires intemst to be pald,Lender shall nd be required to pay Borrowet any interest or . , w_
<br /> • eaminga on the Funds. Borrower and Lendcr may agree in wdt�ng,howevet,that interest sh�ll be psiid on thc Fuads. Lender `3 �.�`i,�=
<br /> � shall �ive to Borrower.without charge.an annual accountins of the FLnds,showing credits end debits to the Funds and the ; ,�,�-
<br /> --- - - pucpose for�:�hlch each debit to the Fun��wnc rosde. The FLnds are pledged as additional secudty for all sums secured by =-_
<br /> �� this Security Inswment. -
<br /> lf the Funds held by i.ender excced the arnounts permitted to be held by npplicable law, Lender shall account to .
<br /> ,i: ' ' � Borrower for the excess Fund�in accordance wlth the requlrements of applicu6le law. If the amount of the Fundc held by __
<br /> : ;r.� Lender at any ume is not sufficient to pay the Escrow ltems when due. Lender rnay so notify Borrower in wrfting,and,in _____
<br /> , • such case Borrower shaU puy to Lender the amaunt necessary to muke up tlie deflciency. Borrower shall mnke up the '+r
<br /> _-__.__.•::.._:-�- �• deficlency in n�mnre thAn twP1vF roonthly payments.at Lender's sole dtticretion. �, _
<br /> ,. _. .
<br /> Upon payment tn full of alt sums secumd by thts Secudty Instrument, Lender shall promptly refund to Boaower uny �"'� ----
<br /> Funds held by Lender. If,under parn�raph 21,Lender shall ucquire or sell the Property, Lender,prior to tlie acquisttton or �'�'�°`�
<br /> sale af the Properry, shnll upply any Funds held by Lender ut the time of acqui sition or tinle ac u credit ugatnst the sums .--
<br /> � � secured by thIs Security Insuument. ''���`-'
<br /> 3. Appltcadon of Pnyments. Unless applicablc law provtdcs atherwise.all payments received by Lender under
<br /> �3..:'°.
<br /> pera�rnphs 1 und 2 shall bc applied:first,to any prepayment char�es duc under the Nae; second,to umounts payable under • ��:.R•_
<br /> para�raph 2;third,to intemst due;fourth,to principal due;and lact,to pny late charges due under the Note. ,�'�j�.�
<br /> � 4. Char�es; Liens. Borrower shall pay aU taxes, assessments. churges. Gnes and impositions attributable to the '��'�-���,�'
<br /> . , Property which may attain priority over this Security I nstrument,and leasehold payments or ground mnts,if any. Borrower � ^��-_:-
<br /> shall puy these�bligations in the manner provided in parngrnph 2,or if not pnld in that manner,Borrower shull pay them on ���" '°-
<br /> • tisnc directly to the person o�ved payment. Borrower shull pmmptly fumich to Lender all notices of amounts to be puid under _ __. __,
<br /> " � ' ' this paragrap h. I f Borrower m a kes thesc paymernc directly.Bomower shall promptly fumish to Lender mceipts evidencin� � `'
<br /> the payments. ' ,
<br /> Borrower shall promptly discharge nny lien which hus priurity over this Securiry Instrument unless Borrower:(a)agrees • ,
<br /> � .• in writing to the puyment of the obligntion secured by the lien in a manner ncrep;uble to Lrnder;(b)contests in good faith the
<br /> lien by,or defends uguinst enfarcement of the lien in,legal proceedings which in the Lenders opinion operate to prevent the ,
<br /> enfarcement of the lien;or(c)secums from the hdder of the lien an ugreement satisf�+ciory to Lender subordinating the lien
<br /> , to this Security Insuument. If Lender determines that nny pnrt of the Propeny is subje�t to a lien which may attain priority
<br /> over this Security Instrument.Lender may give Borrowcr a noticc identifying thc lien. Borrower shull satisfy the lien or talte
<br /> one or more of the actions set forth above wlthin 10 duys of the giving of notice. ,
<br /> . 5. Hazerd or Property Insurance. Borcowcr shall kcep the isnprovements now existing or hereafter emcted on the
<br /> Propeny insumd a�ainst loss by firc,hacards included within the term"extcnded coveragc"and any other hazards,including
<br /> floods or floodiag, for which Lender requires insurunce. Thi� insurance yhull lx maintained in the amount�and for the I� ,
<br /> Fornt 3028 9I90 r/x�Xr 2 nl h Ix+RPS I �
<br /> � ,
<br /> �•i.
<br /> ,
<br /> � � ,
<br /> .
<br /> {
<br /> •t ,
<br /> �
<br /> ♦ . ., �
<br /> � '
<br />
|