'�'� , ' ,. '',, ;xlq'�. r'. � „ .__ . ' -c." ..._
<br /> � } . ...„�•.�,a� , , _ ___
<br /> "-� __.___�...�,�1 94- �,o�5�e
<br /> _ �-- -- -_�-- � .
<br /> �=-°°""=-�""�""`°� TO(3ETHBR WITH all the irnprovemonts naw or hercaRet erected on the property,nnd aii eascments,appurtenances,ami - °=-
<br /> � ftxtures now or hereafter a part of the property. All replecements and additions shall ulsv be covered by this Securlty
<br /> Instrument.All of the foregoing is referred ta ln this Secur�ty Instrumcnt s�s the'Property." ---_
<br /> �` BORROWER COVBNANTS thut Borrawer!F lawflilly seised of the e.state hemby wnveycd and ha.v the right to grant and
<br /> canvey the Praperty and that the Property is un�ncumbered, except for encumbranceF of cecord. Bonower warrants and witl
<br /> ��� `� :.'° defend generally the tltle to the Property agalaat ull clsims and demands,subject ta nny encumbrances of recard.
<br /> -.:.
<br /> THIS SECURITY INSTItUMBNT combines unlform covenants for natic�nal use and non-unif�rm covenonts wlth limited
<br /> , �. �:.:..�: .�;�..�.'a variations by jurjsdiction to cvnsdtute a unifarm secudry instrument covertng real property.
<br /> +� '°`,��` UNIFORM COVENr�NTS.�onawcr stnd Lender cavenant and agree us followa: � -
<br /> ;; :��.;,�.�...o:.:. :u.a 1. �ayment of Principal and Inter�t; Prepayment and Late CharRes. Borrawer shall promptly pay when due the
<br /> -� <�' . „�;::;� ;. �:� principal of and interest on the debt evidenced by the Note and any prepayment end late chargcw due undcr the Note.
<br /> � �� 2.Funds[or Taxes and Insurance.Subject to applicable!aw ar ta a wdtten waiver by [.ender. Harrawer shall pay to
<br /> , �i.
<br /> �ti�n, ;r` ; L.cndcr on the day monthly payments are due under the Nate,until the Nate is patd in full,a sum("Funds")for:(a)yearly taxes
<br /> , '' � and assessments which may attain priarity over this Secur�ty Instrument as u I ien an the Property:(b)yearly leasehold payments � _-__T` _
<br /> • �`���: ,� • or ground rents on the Property,if any:(c)yearly huzard or propeny insurancc premiums;(d)yearly flaod insumncc premiums, _
<br /> ° if any:(c)yeady mortgnge insurance premiums, if any; and(�any sums payable by Borrowcr to Lender, in accordance with ��_-
<br /> �f the provisions of paragraph 8, in Ifcu of the puyment of mort�age insura�ue premiums.These items are called'8scrow Items."
<br /> % ' � ' .� I..ender may, at any time, collect s�nd hold Funds in an amount nat to exceed the maximum umount a lender for a federally —`:,,.-�=_- -- —
<br /> yr.==�",
<br /> � : rclated mortgage loan may require for Borrower's escrow account undcr the fcdernl ReAI Estate Settlement Procedures Act af • ,t���
<br /> ti�s:=
<br /> 1974 a.a amcnded from timc to time.�12 U.S.C. Sectlon 2601 et seq.("RESPA').unless another law that applles to the Funds �°:�tt���:=-
<br /> - _.�,,�...----.._ .. .__ sets s less:r smount. If�n, Lender ma�, st an, timc, :ellect attd hold Fon.i�in nn Am�unt not to excced the lesser amount. �, w _ _
<br /> � � , I.ender may estimatc the amount of Funds duc on thc basis of cunent data and reaconablc estimates of expenditures of 1'uture _
<br /> ' � ' Eurow Items ar otherwise in accardance with applicable law. _.�
<br /> ' � The Funds shatl be held in an institution whose deposits are insumd by a federal agency, instrumentality. ar entity ;,��_t;���.�
<br /> • (including I.ender,if Lender is such un institution>or in any Federal Home Loan Bank. Lender shall apply the Funds to puy the � �'._��.;
<br /> � . Escrow Items.I.ender may not churge Borrower for holding und applying the Fundx,annuulty analyxin�the escrrnv account,or ' •��,t��_,
<br /> • - veriPying the Escrow Itcros,unlcss L.ender pays Bonower interest an thc Funds end applicuble law permits I.ender to make such ���°°���—^•
<br /> • � � a charge. However,L.ender mny requir.:Burrower to pay n ane-time charge far an independent reul estate tux reparting service , ._-
<br /> ' used by I.endcr in c�innection with this loan, unlesc applicublc law providcs othcrwise. Unless an ugrcement is mudc or •• ¢-
<br /> • applicablc law requires interest to bc puid.Lendcr shull not be rcquired to pay Qorrower any interest or eurnings on the Funds. �� ,
<br /> . ' Borrowcr and L.enJcr muy agrce in writing, hnwevcr,thut interest shaU bc puid on thc Funds. I.endcr shaU �ive to Borcower,
<br /> _ �-:___.____..._.__.._.__ without churee. un unnuul accounting of the Funds, sh��wing cn:dits und debi�s ta the Fund+and the purpose for which euch "
<br /> ----------. — -
<br /> debit ta the Funds wati inude.The Funds are pledged as udditionul security for all sums secured by thic Sccurity tnstrument. -
<br /> ' If thc Fundti held ay I.�nder cxceed thc amaunts permittcd to be held hy applic�hle luw,l.ender shull uccount to Borrower ti=
<br /> f�r the exce�s Furxlti in accordtmce with the requirements of applicuhle law. [f thr umount of the Funds held by Lender ut any �
<br /> timc i�rn�t+ufficicnt to pay du Escruw Itcm�whcn duc, I.rndcr muy so notiYy Bnrrnwcr in writing,and, in such casc Borrowcr • ��'
<br /> shal! pay to Lender thr umnunt ncres.ury to muke up the defirirnry. Bc�rrou�cr shull makc up the deficiency in nc� more than :;. o°
<br /> twelve mcmthly puyn�enty,ut l.endcr's.olc di+rretion. � °�
<br /> . . (Jpon puymcnt in full ��f all .um+ ururcd hy thi� Sccurity In+trumcnt.l.crKlcr +hall pr<�mptly refund to Borrawcr uny r"�
<br /> ,,..
<br /> Fund+hcld hy Lender. If,under paragniph 2 L Lcnder tih;dl ucyuir�ur�ell thc Prc�perty.I.endcr,prior to thc ucyuisition or sale i
<br /> of thc Pr��periy, shall apply uny Fund�hcld hy I.cndcr ut thc timc��f ucyui,i tion ur�atr uti u crcJit ugain+t thc�ums s��cureci by ,,, ��
<br /> '' this Sccuriry Intitrwnrnt. �� � �� ��
<br /> � 3.Applicutton of Pu�ment�.Unl«+upplirahlc lu��•providcti citlkrwi+c. all{-+:rymrnt+rcrcivcd by Lrndcr undcr paragruph� , ' "��
<br /> 1 anJ 2 tihall hr applird: tir.t. to uny prepaymcnt churgc.r duc undcr thc N��tc;+cconS.tu anwunt.puyublc urnier puragruph 2: .-=:�'
<br /> third.tu intcrc+t duc: tiwnh. t<i rinripa�Juc:and lu,t.tu un� lutc rhar�c�Juc un a lcr t h�Ncit�. ��`�
<br /> P "
<br /> . 4.Chur��w:I.tenti. Burro�vrr.hull puy all taxr+, a„c.�r.mnt.r. churgc�. linc,an�t im��+itiunti uttributublc tu thc Ar��perty . ', .
<br /> which muy attuin pri<►rit�•ovcr thi. Scrurit}� (n,trununt. and Ica,rh�,ld paynxntti ur ground rrnt.. if suiy. Borrowcr �hull pay
<br /> thcsc i,bligution� in the mannrr prc,��ided in pa�:f�.r.�ph 2.ur it'nut puid in that ur.inncr. Bnrru�tirr,hall puy thrm c,n timc directlY •-� „
<br /> to thc per+on oH•ed rayntrnt. f��n•u��rr.hull promptl� furni.h tu I.rndcr all nu�ir«nt'amuunt.tu hr paid undcr thiti paragr�ph. ' .
<br /> � if Burrower mukcy thr,c papmcnt.dircrtly. ti�rrru��•�r+hatl pr��mptly liu•ni�h tu I.cnJcr rcrript�cvidrnrin�.thr puymrnts. „ •
<br /> &�rrower.hall prumptly Ji,rhar�:e un�� licn��•hirh ha.pri��rity ���•cr thiy krurily (ntilrutncnt unlc.,B��rru��rr: �u)u�rcr+in • ;
<br /> '� writing to thc paymcnt ut'thc ublig:ni�,n,ccurcd h} tNc lirn in a nwnncr�rrcpiahlr a� Lcndrr:�h►runtc+t�in gncxl fuith thc licn
<br /> hy. or drl'rnd. :�gain�t rnli�rcrnunl ut thc licn in. I�gal pr��rrrdinE� ��hi�h in d�� l..ndcr'. �,piniun uprr:ur tu prc�•cnt thr
<br /> enti�rrcmrnt uf thc lirn: �,r�c►ticrurc� fn,m 1hr h��ldrr�,t'�hr lirn:tn agrrcmr�N�ali.t'arN,r� lu I.cndcr,uhur�.linuting thc licn to
<br /> '. thi. Se�urit�• In,trumrnt. U l.�ndrr drlrrminr,that any part ut thr Nro�rm i..uhjc�t a�:� licn ��hirh nu�� atCtin priority u���r
<br /> � thiti Securit� In.trwnrnt. Lender may ei�e Borr�,wrr a n�,tirc idrntil��ing dir h�n. I��rru��er,hall �au�h thr hen�,r take un�or
<br /> m�>rc uf thc a�rti�,n,�rt t�,nh ah�+�r��ithin 1(1 da„��I'thr gi�in�nl rn,tirr.
<br /> � ' Form 3028 8180
<br /> ��.,,�, �„•�. I
<br /> , �
<br /> _ •� I
<br /> .;
<br /> --- i.._. . , ..... . .
<br /> ;
<br /> :r .
<br /> ;;
<br /> �.
<br /> t
<br /> . ;
<br />- . � .
<br /> �
<br /> ,. �
<br /> . � �
<br /> i _ _ -
<br />
|