|
1""q�°11. :r, . ;1 _ .:�S"".�-5'' u.}�tiwee.="'
<br /> • ,� ':..°''x'u "�" i� iL_*.f... .,i _' _ —__
<br /> . j�'d._,��.. __ _ -- — _ -- _ _ .
<br />. ��..'-..—_.�.,:._—A..= .._ __. . _ . . ..
<br /> . ". , ` ____ __.. _ . ___ __-:—� � ____ _'__ '
<br /> � � . �.� . �_ � � � � ��5�io���� .
<br /> TOE��HER Q6Ti'FFI all the emprove�cems now or 6ereatter er�cted aii the pa+Qperty.and easements,aPP ,a�! �
<br /> �tures now or iseteaRcr. a pa� of.tae piogerty� All replafleffienu ar•d �3ditioa� shall aiso be�cov�red�bY th�.F Sec�ritY
<br /> , Ias4�tm�ent.All of the foregoing is re�emed W in this Security Insttuwcent as the"P�+qpe�¢y.° _ < � .
<br /> HQRROWER CQVENANTS that Bo�wer is lawfr�y seised of.the estaie heieh3►oanveyed an8,itas t�e right ta_gratit aad
<br /> .�l�Y� ��nY.au�thrit the�Ptope�ty is Em�.ex�pL foz ettet��tfi►tanrpc of r�:o�tl. Borrawer cv�its and wi�t .
<br /> � i3Qfect��generall�the titte to,t8e Prnperty againut a11 claimt ami demaads,subject to aay eacam�ranses of record, , � • ,
<br /> ---- ' - i'F�Sfi�"�'i3t'ui3t 1f3�U14fEiZ'I'rnmoirns�unaicmre t�vetrants icrt nai'so�3 nse�d�a�-ut�€:�c�-;v�nts�ritu iuiii�iaa —': -�,�
<br /> - ._�t�lla*ion�I�}�'�i�i�ion to�ons*itute�v�iform s�cur�*y�nMn��+. c�vei�na�prope�iY..,:. . � . , �
<br /> . • 1TiVI1�t3RM CQ�tEAIANTS.Ba�rotivea a�d i.ender wvenaut anrl agr�se as foliaws: . . • �� :
<br /> � i.P�yment o�l RN�P� aad�4et+�h PrepaYment and Late Charges. Borrower sh311 pmmptty.Qa}+when dae the
<br /> priflcipa)of and�nterest on tEie d�evideaced by the Note and'anY P.�Y��late charges dne under the Nbte. ' . �t �`
<br /> . . 2.Fltt�da tor'�'ases aad I�e.Su6ject to apglic�ble,t��r or xo a writt�n waiv:�by Lender,Boamvet sfiall�say w : °
<br /> Lender on ad�e day m+ngtt�i}'PaY�nrs are dus aader the Note,�t�the Nots�p3d��tn fuU;�svm(°Funds'�;fsir ta)Ye3riY taxas
<br /> at�asse�caents whicb may atrairs priority over�Uus Seeurity Inst:utuent.a��'�rs on the PrapeRy,(i?),�.�iy,�l�ehald paymants � .
<br /> or ground rents an the Froperty.if aay,(cy Y�Y_;�'���PraP,eT�Y��P��;(�Y��}�t'�insuranc�praninms. � '
<br /> � i�any� fe3 9early mortgage insuianc�premiums;�-any>.a�d t}.any sums payable hy��,'�;wt�r m L�e�,m accordance with �E'<
<br /> ttte visionsof h 8,in lieu o .the a of ��" �.
<br /> � P�S�P � Y� ����!'1�¢;'��� .P���s-:��.F�iiems ar��lled °EscpaW Items."
<br /> . I.en�er may,at�ny time.,collect and hatd�nnds in ad a�i�yci�ot'to,eace�sf Yhe`�uaft�cm�amo��z..�e�er fOx a f�talty. ; .
<br /> ,.s
<br /> related�unrt;ag�e Ioaa may require for�or�wer'a escaow.a�m;nt'und�;¢��f�deral Real Estat�S�e�'`�:Praoedures A�c of . •
<br /> 1974.as am,ended fr�}�'[�ta fime. 12 iT.5.C.Se�tian 264t,et ieq.("��Y", �.��7.�s,'anntt�er iacc:.ta�:�lies W tfie F'unds,'
<br /> . n sets a iesser amoudts;��a, I�c�,d,z�•may.at any dme: colfe��s,d,hoI�•FcY�s'�ir�an atrc�,aot�to eifcG�B•the tes�er amount. � .
<br /> • i�der maY c�vnrate aJa�an�ouu�t�%�3�unds due oa th�basis��.t�ttter+E�at��td•,ceason,�JrsUimatL�.of expendIa�.�tf futurt _� , �
<br /> Bscrnw it�ms or ot�e.nwise in aooa:��ce with ayp�icab?e law..�;-�`;,•`.; . . •. . � ',''�:•� � :: :� � - .
<br /> ,•,.. . ,
<br /> ' Th�Fur�s shalt be keld in an iastiturioa whoss deposat�;'�re i�,i:.i��by. a federal age�cy, instnamentality,.o'r entity
<br /> �:"�:. (inci�ding�.ender,lf L,eDACI'IS SAC$ilII�tlShdTtld�A)AF�IF 8ii�l FCk�C23I HC��[27di1 B2DIC.I:endet shall appIy the Fnnds to pay�ftc.
<br /> _ ,,,,`„
<br /> : Escrow It�s.Lender may nqt charge Borrower for holding a��ppIyiug.t�e.Funds,annually analyzing the es,.^row�pt,or �
<br /> - ; � � verifying the Pscmcv�tems,unless�defi Pays Borrow�'in=�.�.aen t¢e Bu�s ans3 applirayle,law pe:mits�I.�nder to malce sach -
<br /> a charge.FIowever,Lender may:require,Barrower to pay a aar��ne charge for a�s independe�i real tstate tas reporting service �
<br /> �sed�by l.ender ia covaecaon with•tlris•toan,unless.aPPlicable �aw�g_?�s;.�¢es'atherwise.�iJnless an��reemeax is�•ar .
<br /> ,��:.� agpticab2e taw requines interest to be paid,LEn�sIiat!nat Iie requtred. �: .�9ormwer ar+ iuteresi or�nittgs on the Far,ds. •
<br /> . .. � i�� Y
<br /> , Borrower and Lender may a�ree in writing;however,tfiat i�te=est slialk�(p�id on ths Puads.�I.ender s'aa`�give to t3prmwer. ;•
<br /> � without chasge� an annual accouuY�i�;>oP the Funds,showfin;,ra�dit�.�tfcT�.�`r�w the.Fynds and tb�purpase fbr;cs�'ci�h each �
<br /> • debit to 1�Fnnds was made.'fh�F:`�is are pledged as addi��;�security frz,:!��ur�.e. ��al;.�cl by itus Secunty Lisu�g�a'�it. • ,
<br /> ,. Tf tae Fands he2d by Lcnder�:;�the auwwrits trermiued to be heicL;�.��P�icable�Iaw.Llender shall aocount�td�orrawer
<br /> .far the e�ccess Fr,�nds iti ncco�dxu�c wit6 tac reqiilrecnents af epplicabTe la�i:�:�1E�he smnunt�af ihe Funds hetd by Lender•at aay
<br /> a'.�ns�s rwr suffdenc co pay th��crow Isc�s vrk�n'due.�t,enct�r may so r,otify Banawe�in writiing,�a�,iii siuch case'ftorm�er
<br /> shall pay to Ler�der the amount necessary to make up�ihe d�ciency.Eorrower shall make ap t$e d�fcciency ia no iixirs than. � �
<br /> twelve uwnttily,paymentg,at Lender's sote discretion: . . ' , ' '
<br /> . . ,UPon PaYmern in'ful!of all sums securat by th�s Securitjr Instrtiment, Lendet shaU pmmgtly�refund to Banaw�s'amy
<br /> . , Ftu1d�held tsv 1,�nder.If,andet.�gra�h 21,Ix�ter si�all ecgnire or seU the Ar4tg�S',y.ender,»rtnr#o tite nc.t�ui�ition qr Ea1�•—--.-__
<br /> of�tTse Propttty.shaif�apply any Furids held.by.Lsnder at tht tIme of acquisIdon ar sate as a credit agairut the'sums seeured by
<br /> . 4his Seaurity tnscmment. . � ' , . . . . . . . .
<br /> , 3.Appiiqition ot Pf�ymeata..tt�hless applirablc lav�r Qrmides otheiwise.all paytne��fi;c�oeived by I,enclea unde�:��agt�phs
<br /> . � 1�end�eAall 6e.applied:first,to�ti}i pnpayment charges due under the i�Ic�;�socond,to anwunts payable utid�r p�i�graph 2:-
<br /> � third,to interest duo:fourth,to principal due;aad last.to any la�chuges��uf�nnd�r the Note. • � •
<br /> � 4.Ch�r`es;Litna.Bur�ower•sball pay all taxes,assexsments.chxrg;s;��fnes arad impifsitior3 9ttn'bivable�to�Pri�e�ty .' � .
<br /> which�m�y attain priorityr aver thLs Se�uriry Inst�ume�t,anG:L�sehold�p'ayinents�or groun3 rents, if�any: Bo.rrowcr�a(1�y
<br /> . t�ssc obligatimis in the manner provided in paragraph 2.or iiJrnJls�r�aid in.Ehat a�an�+cr;Som�wer shall px9 tf�m on t�i�s��i�ctly�'
<br /> .� . `i�thc per.csn owe3 payrr,�i.Patstsrr��,J;P:cm�tlY F.uais��'f:e�i:�y;i�e�o;tuiwutds to've paiu unde�tius�.�n�„iy�. . �-' : _
<br /> � Tf Borrower rt�kes these payments ditoctly,$orrower shaU gramptty fumi�iu t�i�tndGr rectcpts evidenci�g tlte paym�ems. '
<br /> Horrawef sUal4 r.romp2ly�isctiarge any tien which has prio�ity over t�,fr�.,�xeurity InsWment unl�.cs�on»wer;.(a)agrees yn �� �
<br /> � writitig tatho�aryment of the obIi,.��t�on secured 6y the Ilen ia a manqer aceeptab2e to.Lender;(b)onntests iA good:i',�i1�7 the licri �
<br /> • by, or defer�ds against enforceay�°asf��af'the 11en In, legal proceediags which in ihe Lc�dl�i's npinion o�erate ib �r.i�nt th� � .
<br /> e�'orcemeni of the Ilca;or{c)se�ci:s from the holder of the tien an agreement satistatti�j�to Leixtei s,ubaNinatir��.�lien to
<br /> . thia Sec�rity L�stnuuenE,ff 1.eadtr dcttm�iaes�.hat any patt of.the Properf.y ia subject to a lien i�:hid�:�i.�r�uttain priority ovtr
<br /> . . tfiis�Sec�trity Instn�ment.Letader may.g.ive�m�c��er a noflce ide�tifying tlz�tien.Horrower sGall sau.t��r�e Gec�ar take ane os "
<br /> �nore af tlie actions set fotth abave within]0 days of t�e giving�f nodce. � � ' ' ,
<br /> . . � . �
<br /> . . .. E���2� A/90 � .
<br /> � .��,zoro • . .
<br />
|