|
- I �d. '��z�'� . �ra.r�rut�._.�L..'d4�s ` . 'y�tit, 7'j,'. . ' f�t4�c'�9r
<br /> - .y ', . ' -:,+�;.t�Y'ir'�� _ , s.,'� - - — �/ ,..a„i.,.u�,..ro�,'
<br /> �� ..q' - �-r ��a^nta
<br /> , .�c, �, r-
<br /> � .
<br />� . . �.' i
<br /> .� . , . ( � '
<br /> (J
<br /> �. � �' '• , . ,�
<br /> TOGS'I'HEIt WITH all the improvcmcnts now or here�fter enbctati on the praperty.R�td 8�I CBSCmCr1�q. �une�w�i� ��' `�
<br /> Cixtur� now or herenftcr u �an af th� pra�ierty. Ail replacaqtcnts aixf usidltians si�211 alsa bc cuvered.by tbi� aSCU rity
<br /> Instrumeat. Aii of thc forcgoing Is rcf�rre�l tu iu tbis Security[nstrun�cnt ns Ihc"P�'operiy."
<br /> SQRROti�R CC3VEf�iAi.1'i'S tiu►t�ur�uwci 1�{awfuli�+e�;scd of s�';a cstwtc l:er:hy cost:�eye:k tsnd 4�-=..°tl�e r��tu tri g�:�nt �ncl
<br /> canvey the Property and that ihe�Pcoperty Is unencurrsbered,except f�ir encumbrance9 oF recard, Borrawer wAnents ar+d�vill
<br /> defend genernity the tiile to the Prc�ptrty ugnlnst all claims und dcmands.subject to any encumbranc.es of raord.
<br /> THIS SEC(JR1TY INSTRUMfiNT cambines ualform covtnutits for nationst use and non-uniforrn covenatus with limi�ed
<br /> v:id�ttnna hy jurisd€ctton to constitEite a unlfarm sscurlty iresuument covaring real properry. ,
<br /> UNiFORM GOVENANTS.Borrower and I.ender covenant end agae as followe:
<br /> 1. Poyment of Prtac(psd and Gritrresti �'�Paymernt pnd taite C!�'g�v. Borrower shall prompt�y ptty when due the
<br /> principal of end interest on the debt evidenced by the Nate end uny�repuyment and late chsrges dua under the Nate.
<br /> 2,F�nds�ar Taxes und Iasucu�ce. Sut�ject to appiicable law or to a written waiver by�Lendor�Borrower shall p��r to
<br /> L.ender on the day pnonthly payments nre due under the Nor.e,until the Note fs paid in tLll, a aum("��snds') ?ar: (a)yearly t�xcs
<br /> and nssessments which may attain p�todty over this Secudty InstnuY►ent as a lien on the Progerty:(la)yearly leus.,hold paymenta
<br /> or ground reats on the Property,lf pny; (c)yeurly hazard or property insuritnce premtums;(d)yesuly flood insurtuxe premium9, ,
<br /> if eny;(e)yeurty mortgage insurance premiums, lf any;and(�any sums payable 6y Horrower to Lender. in acrordanco with .
<br /> the pmvislons of para�raph 8, in lieu of the payment of mortgage insurance premiums.Thesc items ure c�llied"Escrow Itec�as.'
<br /> I.ender may,nt any tlme. collect and hold Funds ln an amount not to exceed the maximum amount a tender for a federally
<br /> related mortgage loan may requlre for Barrawer's escrow account under the federal Real Bstate Settlement Procedures Act of ,
<br /> 1974 as amended from time to dme,12 U.S.C. SectiAn 2601 et seq. ("RESPA"). unless another Iaw that applies to the Futds
<br /> s�ta a lessec 9mount. If so,I.cndes roay.nt aay tbne, co!lect and bold Ftmde in an amount nat to exceod the lesser amo�nt.
<br /> Lender may estimate the amount of Funds due on the basis of current daw end reasorutble estlmates of expenditures of future
<br /> �scrow Items or otherwise in accordence wlth applicable law.
<br /> The Fvnds shatl be held In ap institutlan whose deposits are insured by a federal agency, instcumentaliry. or eradty
<br /> (inctuding Ixnder,if L,ender is suah an institudon)or in any Federal Home Loan Bank.I.ender shef!eppiy the Fnnds to pay the
<br /> �'=` • Escrow Items. Lender may nai charge Hoaower for holding aad applying the Funds,annually analyzing the escmw ax.ount,or
<br /> t verifyin�the Escrow Items,us�less Lender pays Bonower interest on the Funds and applicable Iaw pemzita I.ender to make such
<br /> �4 a chsuge.However,Lender may require Borrower to pay a one-dme charge for an independeat rosl estato tax reporting servicc
<br /> ''"` �"' � � used by Lender In connecaon with this loan, unless applicable !aw provides otherwIse. Ilnless an agreement is made or
<br /> r t,•.
<br /> �•�`''"���ry Lender shall not be required to pay Borrower any interest or i a rn ingR on t h e Fu a�d s.
<br /> �Y�.:=....,',.:,'.�; aPPlicable Isw requires interestto bepaid,
<br /> ���}' ���r'`'�� �•'��• Borrower and L.cnder may agree in wriHng. howevor, that interest shall be paid on the Funds. I.ender shall glve to Borrowu,
<br /> ; .::�,.,;��.�. .
<br /> ' •: .�,,.::. ,, u.9thaut clzargc. aa�u�ar.:oussttng of th�Funds, showing emdits and debits to the Funds and the purpose for which each
<br /> ��'};�;P°.��- �•�':,.�,: debit to the Funds was made. ?he Funds are pledged as addidoe�al securlty for all sums secured by this Security Instrument,
<br /> t��:�;.,;�..:. .. .�.;:
<br /> ,�j ,,. .,. ,� If the Funds held by I.ender excced the amounts permitted to be held by applicable law,Lender shall�unt to Borcower
<br /> ",�;d r����� • -� for the excess Funds in acwrdance wlth the requiremenu of applicable law. If the amount of the Fuads held by l.ender at anr
<br /> s'��s'';``�" �,•:���-' tlms is not sufficient to pay the Escrow Items when due,I.ender may so nodfy Borrower in wrlting. and,ln auch case Borrower
<br /> •�;,: .. • , .
<br /> _.,..,:,.; � ;„ . . shal[ pay to Lender the amount necessary to make up the deficfency..Borrower shall make up the deficiency in no mon tdan
<br /> twelve monthly payments.at Lender's sole discretIon.
<br /> ''`�`.� � �'�`�Y�'' Upon payment in full of all sums secured by this Securtry tnstrument. Lender shall promptly rcfund to Borrower a�ry
<br /> ,.,,,,,M,,,;, .;,.,,��� Funds held by I.ender. If, under pamgraph 21,I.ender shall acquire or sell the Property,Lender.prior to the acquisltion or sale
<br /> of the Property. shall apply any Funds heid by Lender at the time of acquis{tion or sate as u credit against the sums secured by
<br /> ` -i�'��: �� ' ;�� • thia Security Instcument.
<br /> •••,..
<br /> '�.�;�.±:�� ��,:.:<r 3.Application of Payments.Unless appltcable!aw provides otherwise,all payments receive�by Lender under paragraphs
<br /> w�```'�'' " ''�' � 1 and 2 shall be applied: first.to any prepayment charges due under the Note;second.to amounts payable under paragraph 2;
<br /> .�t;;;.:_,�,...-,t,,.
<br /> ,. „_„. „�� 5„ tt�irci.to interest due;fourth,to principal due;and lust.to any late chargec due under the Note.
<br /> 4.Char�es;Liens. Borrower shall pay alt taxes,assessments,char�es. fines and impositions uttributable to the Prope►ty
<br /> � i` � which may attain priarity over this Securlty Instrument, s�nd teasetrold payments or ground renu. if any. Borrower shell pay
<br /> „• these obli�ations in the manner provided in paragraph 2,or if not paid in that manner. Borrower ahutl pay them on time directly
<br /> � � �� to the person owed payment. �orrower shall promptly furnish to Lender all notices of amounu to be paid urnler this paragraph. �'
<br /> " If Bonower mukes these a ments directl , Borrower shall rom tl iurnish to Lender rcrei ts evidencin the a ments. '�'
<br /> '�,^,�, �, P Y Y P P Y P B P Y ;r.
<br /> ,�_ > Borrower shall promptly dischw�e any Iten which has priarity over this Security Instrument unless Burrower:(a)agrees in �
<br /> � writing ro the payment of the obligation secured by the lien in a manner ucceptnble to Lender;(b)contests in good falth the !kn ;� �
<br /> ��,w.�t J by, or defends aguinst enforcement of the lien in, legal proccedings which in the Lender's opinlon operate to prevent the :_^�,
<br /> v r�' enforcement of the lien;or(c)securcs from the holder uf the lien an a�rexment satisfactory to I.cnder sub�rdinating the liento �.;.,
<br /> ;V:",: , „
<br /> ;;�';�'' this Securicy Instrument. If L.ender determines that any part of the Property is subject to a lien whtch may attain priorlty over
<br /> this Security Instrument. Lcnder may give Borrowcr a notice identlfying the lien. Borrower shail satisfy the lien or take one or
<br /> •� � �' rnore of the actions set forth above within 10 duys of the�iving of notice.
<br /> � -
<br /> Form 3028 8f80
<br /> u � ... vepo t ol s
<br /> !' " ..
<br /> 1�' , �;
<br /> f � ------..�- . ._.___��-`.'�.Q-.�C��,3�9 ..�. . '.: _-__._T_..._ ,.
<br /> [ „" ` ,� ^ ��. „ - ° • " •
<br /> i
<br /> ,. . ,
<br /> , .. ,
<br /> � . �_. ..
<br /> . . � ,
<br /> �i � . �� - ., Q .
<br /> � ° ° ` , " ' , .. " . !i
<br /> . �� �� .� . .. - . - ., oo . ,
<br /> '� t .� . � .. •• , �� .-��~:` .. .. , . ' . ,
<br /> ' �. �
<br />
|