|
_� ... .n.�::;E`� r..tr� : _. F .�, .,�. . . .. ._.�. F._
<br /> ` . ., j3P�?,t�' �t..• r�_ - -_—-�—- —-. . .—.
<br /> � , ��4 �Jj�L 1. . _
<br /> i. . .
<br /> - . . . . �. . .. . . ..
<br /> r
<br /> � . —
<br /> . � �f.:.��.. .._.�_"_
<br /> ..� ��� ...-. — --" _— _
<br /> —_--- _, �R
<br /> ______"_____'".._.__,.� ___'__'___..__ ...._.... .............. . ... . .... " " _
<br /> ��M�/��D�O �-_.
<br /> 9�� s�s�s �� '93� � � . � -
<br /> TOfIE'x'HBR W1T�I�il t�te Improvementa noM oz t��fter enxtal on the P�rt3+�and all asaneRte�(��.�ad
<br /> ..� t�xtures now or hertaRer e pa�t af the propecty. Aq rcpiaccment9 and addittorts shall alsr► be wvered by this Scxurlty
<br /> Inatcument.AIl of the forcgaina ia�efenal to in this 3ecur�ty Insnument as the"Property."
<br /> �URRO�,A►E�lt COVSNANTS that Bonower ia lawflilly seiscd of tho astate hereby oonvtyed and has the right to graQt aAd
<br /> r.anvcy the Property and th�t the Pr4pc»y !s anencumberied, exccpt f�r encumbranc,�.s of record.Borrowcr warrents and will
<br /> defeixl geiKrally thadik to tha Praperty ogatnst all eialms and demaads.subject ta any encumbrunces of reror�.
<br /> THIS SBCURITY 1NSTRUMENT vnmbines uniform covenaats for nattanal use and non-uniform covtnants vv�th limited
<br /> -�_____-___-� variatiana by ju�isdiction to c.�nstitute a uniform Recurity in�trurneni covering raal property.
<br /> UNIFORM COVBNANTS.Barrewer and I.ender covenant and agne sis follows:
<br /> 1. Paymert o!IMndpd and Intcrest;Pr+epnYment and Late�harges. Horruwer shafl prompdy pay whe�due ttao
<br /> = — principal of u�d interest on the delst ovIde�tco�d by the Note and any prepayaient and tate charges due under the Note.
<br />-_ �.Funds tar Texes And Insurance. Subject ta applicahle law or to a wrItten waiver by Lender, Borrower shal!pay to
<br />_ - Lender on the dny monthly payments are due under the Note,undl the Note is paid in full,a sum("Funda")for:(a)yeurly tax�.w
<br />= _ and assessmertts which may aiwin pdodty over this Securlty Instiument es a lien on the Praperty;(b)Yearly leasehold payments
<br /> - or ground rcnts on the Ptoperty.!f any:(c)Ywrly haznrd or property iasurar►ce premiwns:(d)Yearly fla�d insurartce premiums.
<br /> -- if any:(e)yearly mortgage insurance premiums,if aay;and(�any sums payable by Borrower w Leader,in accordance with
<br />°�` the provisions of paiagraph 8. In IIeu of the payment af mortgage insura�nce premiwns. These items are called"Escrow Items."
<br /> :��� Lender may, at any Nme. collect and hold 1Fut�ds in an arno►uU noi W exc�od the maaimum amount a lender far a federally
<br />- — reluted mortgage loan may requi�+e for Borrawer's escrow acrount under tke federal Real Estaee Settlement Procedures Act of
<br /> -- 1974 as amended from time to t�me. 12 U.3.C.Section 2601 et seg. ("RESPA").unless unother law that a�splies w the Fund.9
<br /> � seta a lesser amount. If so. Lender may. at any timo. coftect and hold �'unds i�i�a arnount rtat w exc�ed!he le�ser amount. - -
<br /> I,endor may e,stimate the amount of Funds due on the basia of current data and r2asoteable estimates oF Bapendltures of future
<br /> Escrow Items or othenvise in eccordeace with applicable law. '
<br /> The Funds shall be h�ld in an Institution whose deposits are lnswrod by u•faleral agency. fnstnimentalfry. or endty _
<br /> (inaluding I.ender.if I.end�is such an institutlon)or in any Federal Home Loan&�nZc. Lender shall apply the Funds to pay the —�
<br /> Esz�o�v�tems.Lender may not charge Borrower for holdim�atid applying the Funds, armually analyzing the escrow eccoant,or —_
<br /> .,,•' ver34��eng the�o�v Itea�.�.untess Lender�+uys Bonawer interest on the Funds and applicable taw permits Lender to make such
<br /> :} , a eharge. Hocuever.I.ender may require Bo�rower to pay a one-tlme ch�ge for an independent neal estate tax reporting service
<br /> `��; used by Lender in connecdon with this loun, unless applicable law pmvides otherwlse. Unless an agreement is made or
<br /> ,,,,.
<br /> ) �ppDicable law requires interest to be paid. Lender shall not be required to pay Bortawer any interest ot eaminga on the Furtds.
<br />- '1' Borrower and I.ender may agree in wrlting.however, that interest shall be paid on t6e Funds. Lender shal{�ive to Sorrowcr, =--
<br /> �.,�, , � �
<br /> .u� '^-.�.:�`��;., � �ltkout crsosge,�ss�snss!�rrow�tiag cf tlse�und^.. slsa�:•ia; crediu a�debiss ta the Fus�ds anc!the pwrgvs$fQr�liiclt eac� �`:.
<br />�;::�' ° -�:�Y�t'er f�� debit to the Fe�nds was made.The Funds are pledged as addidonel secvrity for all sums secured by this Security Insm�ment. --
<br /> `�`' v"'`��� If the Funds 6eld by Lender eaceed the amounts pertninad to be held by applicable law. —
<br /> .�.; � .; � a'�,�:v Lender shal!uccaunt to 8orrowe� __-,
<br /> j ,ps;;• ; �'� for the excess Funds in accordAC►ce with the requirert�ents of applicable law. If the amount of the Funds held by Lender at Any --_
<br /> . ;,, time is not sufficlent to pay the Fscrow Items when due.Lender may so notify Borrower in wrlting,and,tn such case Borrower
<br /> .N1,:,.r a.
<br /> �•�=� •�;., shail pay to I.ender the amount necessary to meke up the deficiertcy. Borrower shall meke up the deficiency in no more than ____
<br /> '..�;�'t:��: twelve monthly paymenu.at Lender's sole discretion. =•�
<br /> . ��:; '
<br /> ����s . • •� Upc�n payment i� full of all sums seeumd by this Scxurity Instrument. I.ender shall promptly refund to Borrower any —
<br /> . • ��-,,w� � Funds held by Lender.If,under paragraph 2I.L.ender shall acyuire or sell tfie Property.Ixnder, prior to the ncquisition or sale :,._.
<br /> � ��,.��,, of the P�aperty,shall upply any Funds held by l.ender ut the time of ncquisition or wle as u credit aguinst the sums scxured by ay`
<br /> ' �, � •.�,;x•r�. this Security InstrumenL °-
<br />
|