|
„��,,,+,;, ' , , :
<br /> . ..��'t� „ „ . , . .
<br /> .F ..� . .. . .� 'F�s.. .. ' ... . . . � ,/ ^ . .. rf�$.�f�... .. ....1,.._
<br />- . � , .. ..�lY'�qk��r�r. � ' „ ' .. _ ... . .. .. . - . � a1a ;���.�..���Y.
<br /> . .a _ . - . .. . . � . . .. . ... - � . ... �. . __-�3�:�_�..
<br /> .'�. � (S� ' �� . . . • � .. . .. ' .. `� ,. � .. ` '�'i'�5 a.JJh.--l.` - _
<br /> � . . .. . ' G� .. -' +�i,�:�..., .
<br /> � 1t��i��'�•...x p�/�
<br /> � t1`���,�a'���. � ��71=J�t�(�'l
<br /> 'I'QOF.TMCEi Wl'ffL nll thc improvcments nnw or ticrcaRer crccted on tlte propcny, iuu1�.►TI c:�';entcnts, uppueten�nces. nnd ”
<br /> fixtures now nn c�r�a(lcr n part nt' thc propcny. All rcpinccmc�its nnd nd�lUianv �,�mll nlsa t,c covcrcd by this Sccurlty ��•;;,
<br /> lntitnimcut. All�►f the fure�;oin�is reterrcd to in tl�is Seiurity Instrun►cnt uti Ihe"1'ri�perty."' �
<br /> BURRUW�tt COV�NAN'fS thut fiarrowcris Imvfully sciscd uf thc cstatc hcrcby c�mvcycd und has il►c rif�ht t��granY nnd __ --
<br /> ' rnm�cy �he Property und d�;n thc Pr�sparty is unen�umhere�, exccpt for encun�hrances nF record. Burruwer�vnrmnts and will
<br /> . defen�l gcncrally !hc tiUc tu thc Nroperty ngam4t all clnims iind dcmand,.+uUju:t tu any 4ncuiiibr;mic+�tf r�i��rd. �"..1
<br /> ` TNIS SECURITY INSTRUMCNT cambincs unifonu iovenams fos nationul usc and non•uniPc►rm covenants wid�limitcd
<br /> variations by jurisdiction tn rc��istitutc u uniform sccurity inseniment covereng rcal pu�perty. =_—
<br /> UNIFORM CQVENANTS. F3orro�vcr and l.cndcr covenmu and abrce ns f��U���vs: -
<br /> l. Payment of Principul nnd Intpr�t; Prepaynunt nnd Lntc Chn��s. Borruwcr shall prompUy p�y when due Uic �
<br /> , principal af and interest crn thc dcM evidenc�d by thc Note und:u►y prcpayment imd lnte rharges due undcr the Note.
<br /> Z. [tindc for Taxes nnd Insurnncc. Subjat to applicablc law or w u written wnivcr t�y L.c:ndcr, Eiarro�:•cr st�,nll pay ta =--
<br /> Lcnder on the day monthly payments arc duc under the Note,until the Note is pa+d in full,a sum("�unds") for; (n)ycarly taxes —
<br /> and assessments which may attain prioriry over diis Security Instrumcnt as a lien on the Property: (bl yearly leaseliold p�yments
<br /> " or ground rents on the Property,if�ny;(c)yeady h�uard or propeny insurance pmmiums;(d)yearly fload insurance premi�nu,
<br /> , if any: (e) ycarly mortgagc insur.�nce prcniiums,if any;:uid(t� any sums payable by B,orro�eer tu Lender, in accordance with
<br /> � the provisions of paragraph 8, in lieu of ttie payment ot'mortgage insurance premiums. Thcse items urc called"Escrow Items."
<br /> _ 1,ender may, at any tinee, collect and hold Funds in an amount not to exceed thc maximum amount n Iender for a [aierally `
<br /> related mortgage loan may require for Bormwer's escrow account under the federal Real Esiute Setdement Yrocedures Act of
<br /> •� 1974 as umended from time to time, l2 U.S.C.Section 2601 et seq. ("RESPA"), unless another law that applies ta the Funds
<br /> sets a Iesscr amount. If so, L,ender may, ut any time, collect and hold Funds in an amount not to excecd the lesser amount.
<br /> ' Lendcr may estimatc thc amount of Funds duc on thc basis of wrrent data and reasonable estimates of cxpcnditures of future
<br /> Escro�v Items or othenvise in accordance�vith applicable law.
<br /> The Funds shall be held in an institution �vhose deposits are insured by a fcderal agency, instrumcnt:dity. ur entity
<br /> (including Lender,if Lender is sucli an institution) or in any Fedcral Name Loan Bank. I.ender shall apply the Funds ta pay the
<br /> Escro�v Items. Lender may not charge Borrower for holding and applying the Funds,annuully analyzing the escro�v acc.ount,or
<br /> verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable la�v permits I.ender to make such .
<br /> a charge. However. L.cnder may require Borro��er to pay a onc-time charge for:u�independent real estate tax reporting servicc
<br /> used bv Lender in connection with this loan,unless applicable la�v provides othe�wise. Unless an agreeatent is made or
<br /> „ applicable law rcquires intcrest ro be paid, I.ender shall not be rcquired to pay Borro�vcr any interest or carnings on tne runds. °--�
<br /> • Borrower and Lender may agree in writing.ho�ti•evcr, that interest shall be paid on the Funds.Lender shall give to Borrower,
<br /> •• without charge. an annual accounting of the Func��,sho�ving credits and debits to tl►c Funds artd the purpose for whieh each
<br /> debit to the Funds was madc.Thc Funds arc plcdged as additional security for all sums secured by this Security Insqvment.
<br /> If the Funds held by l.ender exceed the amounts pemiitted to be hcld by applicable I.i�v, Lender shall acmunt to Borru�ver
<br /> for th�ercess Funds in accordance with the requirements of upplicable la�v. If the amount of the Funds held by Lender al any
<br /> time is not suf�cient to pay the Escrow Items �vhen due,Lender may so notify Banower in ari[ing,and.in such case Borrower
<br /> � shall pay to l.�:nder the amount necessary to make up the deficiency. Bonower shall make up the deficiency in no more than !
<br /> �j a.•el�•c monthly payments,at Lendcr's sole discretion. ��",'' r
<br /> Upon payment in fuU ��f all sums �ecurcJ by this Seruriry Instrument. Lender shall promptly refund to Borrower any ;•_
<br /> � Funds h;ld by l.ender.if,under par�graph 2l.Lender shall acyuire or sell the Pn�perty, Lender. �rio�to the acquisition or salc l:•.--
<br /> „ of the Propeny,shall apply any Funds held by L�nder at t{�e time of acquisition or sale:u a emciit against the sums setured by <<:
<br /> this Sccurity Instrument. �
<br /> 3.AppRcution of Payments.Unlcss applica�lc law pro�•ides othenvisc,all payme�ts r��c-ci��ed by Lender under paragraphs ��.
<br /> 1 and 2 shaU be appliai: first, to any prepayrnent charges due�mder the Note: second, to:unounts payable undcr paragraph 2; ��;,
<br /> Y,
<br /> thirci, to interest due:fourth,to principal due: and last, to any lritz charges due under the Note. •
<br /> 4.Char��: Liens. Burro�vcr shall pay all tuxes. :usessnunts, rhargcs, fines and impositions attributable ro the Propr,rty
<br /> which may att:�in priority over this Scrurity Instrument, and IeascholJ payments or ground nnts, if any. Borro�ver shall pay
<br /> ° these obligations in th; manner provid��i in par.icraph 3.ur if nut paid in that manner. Borrower shall pay them on time direcdy ��' ,
<br /> to the penon o�ve.1 pa}n�ent. Borru�ser tihall promptly fumish to Lender all nntices of:unounts to be paid under this par�graph. .�
<br /> If Borru�ver makrs��n:se payment.uirectly.Bum�wer shall pm�aipNy� fumish to Lender r��ripts evidencing the payments.
<br /> Horcu�cer shal[ prumpdy discharge any 1 i.n�vhich has prioriry ����er this S:curity In�truatent unlca+Borrower. (a)ageees in I
<br /> writing to the paym�nt uf the ubligutiun s�tiur�rl hy thc licn in a manncr a�ti�:ptablc to Lcndcr:(b)conrests in good faith thc licn
<br /> by, or defends against cnfurccmcnt ut the Licn en. Icgal proc�edings ��hirh in the Lender's i�pinion uperatc to prcvcnt the
<br /> enforcement of the licn: ur(r)a�tiunti frum tlit h��IJer of the lien an acnen;ent Satixtacton• cu Lander wbordinatin�the lien ro �
<br /> ' • this Sc�urity Instrumciqt. If Lcnder detenuin�s that an}•part i�f the Propeny is subject to a licn �vhi�h m:ty attain priority uver j
<br /> this S��urity Inatrument,Lcnder nr.�y�ivc Burn����cr a notire identifyin, the licn. Bomn�•er>hall �atisfy the li�n or take one or j
<br /> mon:uf the actions set fonh abo��e«•ithin 10 d�yx of the giving ui no:icr.
<br /> Form 3028 9fS0
<br /> v�go 2 oi 6
<br /> _ -: „ . .
<br /> . .--._:�.__.._ -•,- --- ..� .
<br /> ,, .
<br /> t " �
<br /> .�.� .. . � . . .
<br /> !. �,
<br /> A
<br /> � ; , .
<br /> .k . �
<br /> }, .
<br />
|