|
� �. `�.r.� .� :.�..i.)'..i�. � . : ,:;1y . . .
<br /> �� . '�( �1�2.�.. �-i�( ��!7��eikti5��t v•.��y . i�.. " • . . ;. -"`�1�'H...•d
<br /> ',T''W�, �J. � �Ir �,..4'.. �i . 1
<br /> ,S .. 1 f `�11��� �'L�.
<br /> / ' nn.�
<br /> •
<br /> C
<br /> . ,
<br /> - . . .. . . _ '_"'_....."�"_'
<br /> TOLiBTHER W[TH all tho improvemenss now or hereafter eretted on the pmperry.d��Ill�semi����.ud
<br /> j flxtures n�aw on c�renfter a part of tho pxoperty. All replacements nnd additi�ns Fhall nlso be covered by this Socudty
<br /> Listrusncnt.All of tl►c fi�rcguing is mfcrrr.d t�in this 5auriry lnst►�mcnt us ttic"�'rapc�t�.° .
<br /> BOR�tQW�R CQV�NAN'fS thrtt 13orrciwcr i�lawful�y scised of thc�stntc hereby cunveycd�;niE hrrs t�e r��lu ta grant and
<br /> convr_y ihe Pmperoy and that the Praperty i3 unencarnbeised.except fat encumbranoes of record. �rrower wareants am!w�ll
<br /> ' deYcnd genernlly the title tu tiie Fropeny n ainst all clalms nnd damunds.subJect to uny encumbrnnces of recard.
<br /> 'I'HiS SECt1RITY INSTRUMENT�mbinea unlform rnvenants fur nattorutl Use rind non-uniform caovenents with lirnited _
<br /> varinttons�y Juri�dictian ta constitute a untform security In9trumont covertng rcal property.
<br /> UNI�'URM COV�NAN`1S. Narro�ver nnd Ltnder covenant and agroe as foiluwn:
<br /> 1.Payrt�ent oi Principal and Inter�ti�A�yment And I.ate Ciwrgcs. Horrower shaii pmmptly pay when due the
<br /> prinaipal of and interest on the debt evidenc�d by th.e Note and uny prepayment and late charges due under the Note.
<br /> 2.Fbnd�tor Texes and Insurance.Subject to applicuble luw ar to u wr�tten wc�v�r by Lender. Horrower shall pay to
<br /> L.endcr on the dny manthly payments ure due under th�Note,until the Nate ts paid in fuU,a sum("Funds")for:(a)yeatly taxes
<br /> nnd a��sments which may attain pdorley over this Security lnsuument as a tlen on the Property:(b)yearly leas�hold payments
<br /> or ground rents on the Praperty,if eny;(c>yearl�hazard or praperty insurunce premiums:(d)yeariy flood insucance premiuu�s,
<br /> if any;(e) yearly mortIIage insumnce premiums. If arry;and(�any Ewns payuble by Borrowcr to Lender, In ncxondanca with
<br /> the provislans of parngraph 8,in lieu of the payment af mort�age insurance premiums. These itema ure cniled"Escrow ItGms."
<br /> [.ender may,at any time,callect and hold Funds in un amount not to exceed the mnximum amount a lender for a federally
<br /> reluted mortgage loan may require for Borcower's escrow uccaunt under the faderal Re�l Estate Setdement Procedures l�ct of
<br /> 1474 as umended from time to Ume. 12 U.S.C. Section 2601 et seq. ("RESPA").unless another law that applfes to the Funde
<br /> sets u lesser umount. [f so, Lender may.at w►y time,collect and hold Funds in an amount not to exceed tha lesser amount.
<br /> L.ender may estlmate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of fuwre
<br /> Escrow Items or othenvise in accotdance with applkable law.
<br /> . The Funds shall be held in an insdtution whosc deposits aue insured by a fedemt agency, Insuumeatality, or entity
<br /> (inclnding i.ender.jf I.endcr is such an institudon)or in any Federal Home Loan Bank. I.ender shall apply the Funds to pay the
<br /> Bscrow Items. I.ender may not churge Borro�ver for holding nnd applying the Funds,annually enalyzing the escrow aocount, ar
<br /> verifying the Fscrow Items,unless Ixnder paya Borrower interest on the Funds and applicable!aw pemuts I.ender to make such
<br /> � - u charge. Iiowever, L.ender may require Borrower to pay a one-time charge for an independent real estate tax reporting service
<br /> • ' �i�;°+ used by Lender in coimection with this loan, unless npplicable law pr�vides otherwise. Unless en agreentent is mnde or
<br /> .'.��� ,�,.. applicable law requires interest to be paid,Lender shall not be requir�ed to pay Barrower any interest or eamings on the�unds.
<br /> ° �, �� Borrower and Lender may a�ree in writing, however.that interest shall be paid on the Funds. Lender shul!g{ve ta Borrower,
<br /> .,�;.s�'d��u�,
<br /> " '���''•�s�'''t• without char�e,nn unnunl accoundn�of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> � �. debit to the Funds was mude.The Funds ere plodged as udditional secudry for all sums secured by this Security Instrumant.
<br /> 'Vr.�r=
<br /> � r.p�,� If the Funds held by Lender excced the artiounts permitted to be held by applicable law,Lender shall account to Borrower
<br /> "'`•"r-. for the excas Funds In accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any
<br /> . �,�:..:.• :,
<br /> 'T� �:. �`�-.�.�.'a..��_
<br /> ,��, ,.�.f- time is not sufficient to pay the Escrow Icems when due,Lender may so notify Borrower In writing,and.in such cASe Bonower
<br /> f:'�yr.
<br /> '="�s��";,,�•`�• � shall a to L.ender the amount neces to make u the deficienc Borrowcr shall make u the deficien in no more than
<br /> ,�•.. • „�.Z;,�;. r ,, p Y �5' P Y• P �S'
<br /> ,a;;s,, .,:�.,si:,; twelve monthly payments,at Lender's sole discretion.
<br /> ',�+�cy;' " Upon payment in full uf all sums secured by this Security instrument. l.ender sha�l promptly c+efund to Botrower any
<br /> .,,�;i�':�`�w;�r"�?!y,►�'�. Funds held by I.ender. If,under paragraph 21,I.ender shaU acquire or seli the Properry. Lender,prlor to the acqutsitton or sale
<br /> '.��� •. of the Property,shall apply any Funds held by Irenderut the time of acquisitian or sale as a credit against the sums secured by �'
<br /> .• M..`��'.x� . this Security Instcument.
<br /> � 7"a,,�,``;itf.�. ,.
<br /> -u;�h� 3.Applicalloa of Payments.Unless applicable taw provides otherwise.all puyments received by Lender under parngrnphs
<br /> , •��e 1 and 2 shnli be u lied:first,to un re ment char es due under the Note;second, to amounts a able undec ara ra h 2; �✓
<br /> .�,. ..; PP YP Pay 8 P Y P 8 P -.Y,;
<br /> � � third,to interest due:fourth,to principal due;und Isst,to iuty late char�es due under the Note.
<br /> .�}'� ,.,,,.,,A;s�.
<br /> ?".�' .. 4.Cliarges; Liens.Borrower shall pay nll wxes,assessmenu,chaz�es, fines and impositions attributable to the Property
<br /> y�,�:�`Q. :' `:��" which may attain priority over this Security Instminent, und leasehold payments or ground rents, if any. Borrower shall pay
<br /> q;<<;�=� � � these obligations in the manner pmvided in pare�reph 2,or If not paid in that manner.Barrower sh�li pay them on time directly
<br /> .,,.: �
<br /> ':�`� :.� , , .,.ti� to the person owed payment. Borinwer shall promptly furnish to I.ender uil notices of umo�ints to be paid under this parug:aph.
<br /> If Bormwer makes these paymenc�directly, Borro�ver shull promptly fumish to Lender receipts evidencing the payments.
<br /> '''� � • Borcower shnll promptly discharge any lien which has priority over this Security Itistrument unfess Horrower:(a)agrees in
<br /> �� `" writing to the payment of the obligation securai by the lien in a manner acceptable to Lender;(b)contests in good faith the lien
<br /> by, or defends a�ainst enforcement of the lien in, legal praceedings which in the Lender's opinion operate to prevent tbe
<br /> ''' � enforcement of the lien;or(c)secures from the holder of the lien an u�reement satisfactory to Lender subordinating the lien to
<br /> �,4.�,,,��� �<. thls Security Ynstrument. If I.ender determines that any part of the Property is subjat to n lien which may attain priority over
<br /> • . • '. thia SecuNty Instrument,I.ender may give Borco�ver a notice identifying the lien. Borrower shall wtisfy the lien or take one or
<br /> � ` � more of the actions set forth above wtthin(O duys of the giving of notice. �
<br /> -�---.._.�
<br /> Form 3028 8/80 '
<br /> ,: ' .
<br /> ., }.' .. Poge 2 ot 8
<br /> .i.c..'�..: .��:2n
<br /> tG'Y..:�' .
<br /> 4•
<br /> .•l. . ... ` . . , . . '^�..rR...� r ..i.•'t'��yf�« .� . . .
<br /> � .. - . . .' � . ` .. . . ,J � r . a � i . � ' �
<br /> , ` . -:'i • ,i
<br /> . . . .. . .!. ' ' . .. . �i
<br /> .. �,1� �. � .. . ' • V, ' ' _ . .�.� '.. " ,1 . .
<br /> _" `..�� —._ _ .. .. _s — �..L' .. �__ ��— . ' �_ _ _. . . ' ' . ..� __ . . _ .... . ._ .. . =- .. . .,J.. . . ' ..
<br /> 1._. . , . G' � ' . . . • ." , .. . , 1�: .. . .. ' , ... . .
<br /> " . .. � . . . . .1 �
<br /> � ' .. �. . . �� .. . ��� .
<br /> �iY' .. ._ .. . . , ' . . .. � .. " . . �� ,
<br /> . .. _k. ,.,..•---'— � � •- ' .. .N �, . . _, _�_ .1!;��;;� .
<br /> �., . , ��"
<br /> 7i . ..f� .. - , . , o .,' . .., u ' •� '.Y�`Y�� ' � . .. �
<br /> . .. �` .. � � - . .. , " • ' � .. ., ` `1 •� 1
<br /> 7
<br /> '�� .. . � ., .. ., � �7+ ' � ., ' . .. '
<br /> �� . . t:- • , o . .. _
<br /> U
<br />
|