|
, .,?4 : � .d � . "., �. . � f _.
<br /> _.'�-f��• ,u�"7�ifY'1t4RQtT�1� I h�'y: ..h�;+ ' • . �,('�r '�a :___
<br /> -�� y}..t .r�:; I i4 ^
<br /> _' �, • '' � .�,Q�'_ - ^ y— �.� -. __ ... .. ' .. ._- � -_ - _ --_._.-
<br /> y.l .� ., f. _
<br /> .. _,�.. -° - _
<br /> ,
<br /> . .. .
<br /> ,h.�.. ° �
<br /> ._....._,_.�_�,,,�_-.........------- ... . ..
<br /><. - �..__ - .�:r.r0
<br /> --';�'�"-"� TOOBTHBR WITH ell the improvements naw or horeaiter erected on the ptoperty� and 811 easemente,
<br /> _ ' ., �,,`,., appurtar►eacea,and fiat�rea now or hereattar a paR at the property.All roplacnmente and add ti ions shall also be coveted �.,�y� ___._
<br /> y��, �� �' �� ' '. by this Security Instrument.All of tha 4oregoing ie roterred to in thie Security Instrument as the"Property.' ----° - :,
<br />- �'� `�� " ' "� BORROWBR COVBNANTS thst Horrawer ie Isaiully seised of tha estets haraby conveyed and hea the rtght to ::•����IP,,� �:��r -'=-
<br /> :r`r`y��a_��� ant snd convey the Property Rnd tAat tha Propetty is unencumbered, excapt tor encur�sbrances of recard.Borrower �=m� �
<br /> ,:,��., ., .,..:�- amanta and will defend ganerally tha title to the Proporty agatnst ell ofatms and demande�eub}eot w any encumbran�s t `"�� �.� v--.
<br /> ; f rcccrd.
<br /> ;y.. . t, -',���M1�_,�-__^
<br /> - '-�=:;-� THIS 3BCURITY INSTRUMBNT combines unitomn covenanta tor nstioael use and nan-unitorm covenents wfth ,aQ.
<br /> - "'�-� � � tmIted vardations by jurIsdiotIon w wnstituto n unitorm ceaucIty instrument coverIn reut ro � -
<br /> ;. .� ' 8 P !�Y• .. :...:_ _
<br /> ' � , t �" UIJIFORM COVBNAN'TS.Borrower and Lender eovenaat and agree ae follow� � � �� :,��.:�_•
<br /> � 1.Paymeat of Yrinalpal and Intereat;Prepayment aad I.�te Chsr�es.Borrowar ehall promptly pay whan dua ���::;�`�`,Tr=-.,-�--
<br /> ,1l,`r:i;' `. :;:�., ; � .,:��_�_
<br /> T � �° . " f the prinaipal o!end intereat on tha det,t evidanced by tha Note and any prepaymeat and late oharges dua under the Nota. ` ° � -��.�_
<br /> ° . �. 2.Fuads tor Ta:ea aad Iasuranco. Sub}eat to appltcable Iaw or to a adtten waiver by Lendet,Borrowor aha11 t� ,. � , � '� �
<br /> " yto Lender on the day monthlypaymonts aro due under the Note,untll the Note is paid in tu11,a sum ("Funds")tor:
<br /> (a)yearly taxes end essessmente which may attatn priority over thia SecurIty Inetrument ae a lIen on the Property;(b)
<br /> " . yearly leasehold payments or ground rertts on the Property,tf any;(c)yearly hazard ot praperty insuranca premiums; -��_
<br /> , (d)yearly flood inaurance premtume,if eny;(e)yearly mortgage Inaurance premiume.ii any;and(f)any sums payable " ° "-`
<br /> , , by Borrower to Lender�in accordanca with the provisions of paragraph S.ln lieu oi the payment of mortgaga insurence �'
<br /> „ •�� premiume.Thesa iteme ara called"Nscrow Items."Lender may,at any time,collect and hold Funds in an nmaunt not ��
<br /> ' " to saceed tha meximum amount a lendar for a federelly related mortgage loan may requira for Botrower's escrow ��
<br /> ~ . account under the federal Real Estate Settlement Procedure,s Act of 1974 es amended irom ttme w time, 12 U.S.C. � •
<br /> � , , �� Secdon 2601 et seq.("RESPA")�unless anothet law that applies to tha Funds sats a leaser amount. If so,Lender may, . �.�...,;��-�
<br /> � - " at an dmo,colleat and hold Funda in an amount not to eaceed the lesser amount.Lender may estimata the amount of � ' �° —
<br /> ,. . ,, . . ,. ... . . ..: —
<br /> �`� � Fun dua on tha basts ot aunent data and reasonable eatimates of expenditures of future F.scrow Items or otharwisz In " , �
<br /> ..—._�_---�-:--�-�:-__ '
<br /> ..
<br /> � accordence aith appticabla taw. -.-.- : . -'_-
<br /> Tha Funds ahall ba held in an instttution whose deposits are inaured by a federal agency, instrumentetity,or enttty � "��.,
<br /> , (including Lendar.if Lender is auch an instttution)or in any Federal Home Loan Bank.Lender shall apply the Funds to '��"
<br /> - pay the Escrow Items.Ler►der may not charge Borroaer for holding and applying the Funde, annually analyzing the � '��� s
<br /> � �' esccow account,or verifying the Escrow Items,ualess Lender pays Borrower interest on the Funds and applicabla law ----.:':.���-
<br /> ,. • petmite Lender to make such a charge, However, Lender may require Borrower to pay a ot►e-time chsrge for an • ���
<br /> independent real estate tax reporting service used by Lender in connection with th�s loan,unless applicable taw provides .. :;�,�
<br /> otherwise. Unlesa an agreement ie mada or applicable law requires interest w be paid,Lender ahall not be required to I �;. �-
<br /> � pay Borcower any interest or earnings on the Funds.Bonower and Lender may agree in ariting,however,thst intereat ;'< :' :.7
<br /> shall be paid on the Funds.L.endet shsll give to Aorrower,aithout charge,an annual accounting of the Funds,showing ' � , :.�
<br /> � .________�______�_.__ credtta and dabits to tha Funds and the purpose for ahich each deblt to the Funds wes made,The Funds are pledged as �'
<br /> — ------ addittonal securtty for all sums secured by this Security Instrument. - -- , ---
<br /> ' If the Funds held by Lender exceed the amounts permitted to be held by applicable law,Lender shall account to •
<br /> ; Borcower for the excess Funde In accordance with the re�uirements of applicable law. If the amount ot the Funds held :
<br /> by Lender at any tima ia not aufficient to pay tha Escrow Iterns when due,L.ender mey so notify Borrower in ariting, • ''�
<br /> � � and,in such case Bonoaer shall pay to Lender the amount necessary to make up the deficiency.Borrower shall make � �,�
<br /> �• up the dePiciency in no more than twelve monthly payments,at I.ender a sole discretion. � ,n�,�
<br /> �� � ��� �� u p on p a yment in futi of alf aums secured'o y ihis Securii y InacrumCni,Lesnd�r�i�aii Yiutti YtIy i cfuci�t��;rohec � � — °'
<br /> any Funds held by I.ender. If, under patagraph 21, Lender shall acquire or sell the Property, Lender, prior to the i "%�
<br /> acquisitton or sale oi the Property,shall apply any Funds held by Lender at the time of acqulsition ar sele as a credit ��"' r•;
<br /> against the aums secured by this Security Instrument. j '� .
<br /> 3.Application o[Paymenta. Uniess applicable law provides otherwiso,all paymenta received by I.ender under I .. `,���
<br /> paragraphe 1 and 2 ehall be applied:tirat,to any pre�ayment charges due under the Note;second,to emounts payable � ° �.. �
<br /> under paragraph 2;third,to i nterest due;fourth,to pnnc�pel due;and lest.to any late charges due under the I�Tote. i ;_';�' � '
<br /> 4. Charges; Lieae. Bortower 3ha11 pay all tsxes,essessments, charges,fines and impositions attributeble to the � ,!
<br /> Property which may attairt priority over this Security Instrument, and leasehold payments or ground rents,if any. ,
<br /> " Borrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower • f'
<br /> � � shatt p ay them on time directly to the person owed payment. Aorrower Rhe11 rmmptly Purnish to I.ender all notices of ! .. . .... �!_
<br /> amounts to be peid under this paragraph.If Borrower makes these payments directly. Borrower shall prom ptly furnish
<br /> i to L.ender receipts evidencing the payments. � �-�"
<br /> Borrower ahall promptly discharge any lien which has priority over this Security Instrument unless Aonower:(a) �
<br /> agrees in writin$to the payment ot the obligation secured by the lien in a manner acceptable to I.ender• (b)contests in �,'
<br /> good faith the lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion
<br /> ' operate to prevent the en4orcement of the lien;or(c)secures itom the holder of tt►e lien an agreement satistactory to
<br /> I.endar subordinating the lien to this Security Instrument.IE Lender determines that any part oi the Property is subject ''
<br /> to a lien which may attain priority over this Security Instrument,I_ender may give Borrower a notice identifying the
<br /> , lien. Borcower ahall satiafy the lien or take one or more of the actions set forth above within ]0 days oi the giving oi
<br /> notice. '
<br /> ,
<br /> ; � � F��. aoza 9/90
<br /> f�—BAINE1�9�oa►o, v.o.z o�e u�tfetc
<br /> .� •
<br /> - �-=—_ -. _ -
<br /> :.
<br /> ' ; . -
<br /> �
<br /> � .
<br /> �
<br /> t • �
<br /> � ,
<br /> , �
<br /> ,
<br /> �
<br /> . . '
<br /> .
<br />
|