|
1 •
<br /> '{' � � .
<br /> V
<br /> � . ' I
<br /> . .. . • ., - - ..�. ��.� .. . r
<br /> .. .. ,�'r
<br /> � ' . ..
<br /> � ,
<br /> � ��9 5-�u `!q�q �
<br /> � 'POORTHER WITH all the improvemcnts now on c�rcaftcr erccted on tho prnperty,and all eascments. npp��t�SiflR��6.and .'
<br /> Ji'i�ctures now on c�reatter a part of the property.All rcplacements and uctdidona shaU atsa bc covercd by thls Socuriry Instrumcn�
<br /> I All of tho forcgoing is rcTcrrcd w in this Sacurity tnsuwncnt av thc"Property." '
<br /> SORROWER COVSIVANTS that Borrower�S lawfully seised of the estato hereby convoyed aad hes the dght to grant and f
<br /> 'I convey the Pnnperty and that�he Property is unencumbered,except for encumbrences af rccord.Borrower wartartt�and wW 1 � ;
<br /> . defaid genersUy the tiUe to ihe PropeRy agalnst all claims and demands.subject w any encumbrances of record.
<br /> THIS SECURITY MSTRUNIDNT combines unifonn covenants for national use and non-wifiom� covenents with Wnited
<br /> varlattons by jurfadlcdon to consdWte a uniform securIry insuument covering reat property.
<br /> UN�RM COVSNANTS.Boimwer and Lea�der cavenant and agree as foUowa: , ..
<br />�,. �� 1.Payiaent of Principat smd IatereRti�'epAym�ent and Late Charges. Borrower shall promptly pay when due the , ,
<br /> ,�� princIpal of end interest oa the debt evidenced by the Note and aay prepayme�t and lata charges due und�the Note. -
<br /> � Z.Fuuds for Taxes and Insurance. Subject w appllcable Iaw or to a wrluen waiver by Lender. Borrower shall pay to ,. •
<br />� Lender on�he day monthly payments are due under Ihe Nate,untll the Note is paid in fi�ll,a sum("Fuads")for.(a)yearly taxes
<br /> aad assessments which mey auain priorlty over this SecnrIty Insuument es a Uen on the Property:(b)Yearly leasehald payments ,.
<br /> _ or ground reuts on the Property�if a�►Y:(G)Yearly hazard ar property insurance pmaniumst(d)Yearly flaod ins�rerece premiums,If :'
<br /> : . � aaY:(e)Yearly mortgege insurartce premiums.if any;and(�any sums payable by Borrower to I.ender.in accordance with tde .
<br /> , provisions of paragraph 8, in lteu of the payta�t of mortgage �►suraRCe premiums. '�items are ceUed "Bscrow Items." �
<br /> .. � I,endes may,ai any time.coltect and hold Funds la an ainount aot to excced ttie maximum amount a lender far a federally related .._
<br /> ' mortgage laan may requii�e for Boirower's esaow accouns under the fe�aal Real BstaLe Settlement Procednres Act of 1974 as „ ..
<br />- � .. aiaeaded fmm dme w daie,12 U.S.C.Secdon 2601 et seq. ("RfiSPA").oaless anoWer law that applles Lo the Fuads s�ta a lesser .. .. -
<br /> amount If so. Leader raay,at eny ti�rte�collect and hold Fuads ia an aa�ount not w exceed the lessea amouaG L,ender may ',�y.
<br />,� � estimate the amount of Funds dua oa the basls of cutrent data end reasonable esdmates of expendiaues of f�aue Esaow Items or • •�;',�,. �.:
<br /> ' othenvise in accordance with applicablo law. ,. .�`
<br /> 'Ibe Funds shell be held in an instlwtion whose depnsIts are insured by a federal ageacy.instrumeatality.or endty(includiag „ _.�'1�{-
<br /> Lender,if Leacier is such an insdwdon) or in eny Fe�al Harae LAan Bank Lxuda shall apply the Funds to pay tke Escrna ,,,. - ;
<br /> Items.Lender may not charge Borrower for holding and applying the Fuuds. ennually analyzing the esciow ac�ount,or vcrIfying �r•�; � s
<br /> - _-- - ._— tlus Fs.ccmw Items,nnless Lender pays Borrower interest on the Fuads and applicable laa permits L,endec to make such a c6arge. _ .. �' "
<br /> ,.
<br />;::,�,:��r;.+i~ ` Howevat� Leader may require Borrower w pay a one-Hme charge for en ia�der�t real estate m�c reporting seivice used by ' ,� � ;,
<br /> • I.endcr ln conne�ction with this loan,u►Qess appflcabla law pmvldes otherwise. Ualess aa agrcement ls made or sppHcable law � �;a: ; .
<br /> '��� requires inter�st to be paid.Lender shall not be required w pay Borrower eny interest or earnings on tha Funds.Bor[owC[8Ad �r. °
<br /> Lendea may agree ia wrldng�however.that interest shall bc paid on the Funds.Lendea shsll gtve ru Boirower.without charge.en •�� � �
<br /> . „ ' annual eccoundng of the Funds.showing credits and debits w the Funds snd the piupose for whicd each debit to the Funds was �� ;r.
<br /> A
<br /> ,. , made.'!Ue Nunds em pledged as addidonal security fur sU sums secured by this Securlty Instmment . +�` i '
<br /> : If tha FS�nds deld by I.ender exceed the amounts permiued to be held by appllcable law.Lender shaU account to Bomnwea for • 4� '
<br /> _ ''%�; the exces.s Funds in accordance with the requirements of applicable laa.V the amount of the Funds held by Lender at any drae is �� '
<br /> . ' not suftIdent to pay the Bscrow Items when due,Lender may so notlfy Borrower in wriWg.and,in such case Borrower shall pay
<br />� , w I.ender the amouat neressazy to make up the deficiency.Bormwer sha11 make up the deficlency in no moro than twelve :��`"-;`r--
<br /> �. ., monthlY PaY�ents.at Lender's sole discretion. ^ ° - ,�. `
<br /> ; Upon payment in fuU of all sums secured by this Securlty Jnsuument,L.ender shall promptly refund to Bom�wer any Funds . „_;;
<br />- held by Lendrs.If.under pan�graph 21.L.ender shall acquire or sell the Pcoperty,Lender,pr�or to tho acqutsidon or sale of ihe r;��`
<br /> ,� � Pronerty,shell apply any Funds held by Lender at the tlme of acqu�sidon or sale as a cr�dit egainst the sums secured by this • • . }"�";
<br /> � SecurlLyInsUUmen� �"=:n;;.
<br />_ 3.Application ot Payments. Unless applk�able law p�vIdes othervvtse.all payments roceived by Lertder under parng��phs y,�.y,,,-:.
<br />- ;'� 1 and 2 shall be applied: ficsi,to anY P�PaYment cherges due undes the Note: second,tn amounu payable under paregraph 2; ,
<br /> ° third,w interest due;fourth,to prIncipal due;and last,to any late charges due under the Note. '�~.
<br /> � ,.
<br />_.-.. - � 4.Charges;Liens. Bormwer shaU pay all taxes, ass�ssmen4a,charge.a,finea end impoxitiens aaributable�o the Property � .�:�•. .
<br />- . . � which may atmin prlorlry over this Security Inswment,and leasehold payments or ground rents.if any.Borrower sheU pay these � ':� ,. .�"`` -
<br /> „�
<br />- �� _ i obligatlons In the manner provided in paragraph 2.or if not paid in that menner.Borrower shall pay them on dme directly to the ' � .
<br />� :.'�,�'' J pe�rson owed payment Borrower shall prompdy fiimish ta Le�eder atl not{ces of amounts W be paid under this paragraph.If ,. :.; ,�
<br />- : ' Boirower makes these payments directly.Bomower shail prompdy fumish to Lcndcr receipts evidencing ihe payments. " �
<br /> ., ! Borrowea shaU prompdy discharge any lien which has prtorlty over this Securlty Insuiunent unle.ss Borrower.(a)agrees�n ' ���. .
<br /> ';,... �
<br />-_ � , � ' wrtdng w the payment of the obllgadan secured by the llen in a manner acceptabla w Lender;(b)contests ia good faith We llen
<br /> _ „ � by, or defends against enfa�ement of tha llen in,legal proceedings which in tho Lenda's opinion �perate to prevent the � -- ' -
<br /> � enforcemeat of the lien;or(c)secures from the holder of the lien an agreement satisfactory w Lended subordinaating the Hen to .
<br />_- , . ' � ihis Securlty Inswment If Lender detenmines thet any part of the Property is subject to a liea which may atffiin prIority over this .
<br />= j Security Insuument,Lender may give Borrower a nodce identifying thc�lien. Borrower shal!satisfy the Hen or mlce one or more
<br /> of the acdons set forth above wit�in 10 days of the giving of nouce. ,
<br /> { Form 5028 9I80 � �
<br />- � �-8R(NE)lsz�s) aaAo2o�e �muai•:
<br /> � l °
<br /> '• __ _ _
<br /> -- - r
<br /> .. � r . __
<br /> �
<br /> R . • , , ,
<br /> �, . .
<br />,� ., . . , .
<br /> �
<br />.� , ,
<br /> � ' ,
<br /> ,; „ . .
<br /> !.. . - '
<br /> � . .. •
<br /> � ..�] '
<br />
|