|
—' ' — -- �aa — —' ---__ ti.��m�9--.-
<br /> . . . : � . � � �95-gc��� . _
<br /> T1)G8'�HER WlfiH at!the iu�avemeats naw or fle�ier er�ccied oa the p�perty,aad ait easeme�ts.appurteaanoes,aad °
<br /> • tixtures,aow ar �ereafter u�rt of the pt�party. All �lacem�nts an�sdditions shall also tse cavered �jr this �ecurity .
<br /> i�tnunent.AU of the foregoing is refcr�ed to in this�r lasuumeat as the•Pmperty." ' •
<br /> $ORROW$R COVENAN7'S dsat Boitotiirer is i�xfiilly seisal of tae estate here3►y comreyed and iaas the right t�g�aai and
<br /> • eus;�r i���:.st�tlt�t;�a Pta.�is�.,�toegi fc��.�5:m.;N of r�,i#. �r.���aa��If,° _. . _- - _
<br /> defebd generally the title to the Pruperty against all claims sud demands.subjec¢tu anlr enc��brsnocs of r¢eoid. �
<br /> TIiLS SECZIRI'1 Y INSfRUM�Ie�T.coffib�nes imiform covet�ants for national use and non-unifoim oavenants with limited
<br /> w�i�3ioas�y jttei�dic�ioa ta cuas4itutF a unifurm s�irity instra�oaveriag re�i pmgeat�r.
<br /> UNf,�(3RM COi�ENANTS.$urr�wer ancFLendes oavenani a�agmz as foltows: .
<br /> ' 1. P�ym�i of�i3astptl iuxi Tntatst;Prc�pm�t ast�Lafe Chaeges. Bormwer shail P�u9 Pa3►wH:u dne the
<br /> p.rincipal of end iutsrest om thee debt evidersced tsy the Rote and�ny prepayment and late cd�arges dne ander the Noie.
<br /> � 2.F�nds Cos Taxes and Iasm�hnc�e.Sutrjax m appiicabIs taw•or to a wriuen w�ver by Lender,BosroRer sball pay w
<br /> Lend�eron tIIe daY��Y PaY�are dIIe tmdes the Nate.tittit ttte Note is gaid in fitll,a sam('Funds°)for.(a)yeazly taaes
<br /> � a�assessments w51di snay attain paorlty avea tbis Se�itk Iastnunent as a lien en th°Property;N)Y�Y��oJd P�Y�� .
<br /> or gcound rarts on the Pmpeaty,if any;(c}yeazIy�d aa�rogertY��P��:(d1 Y�Y ftoai insv�pr+emiums. �
<br /> �if any;(e)Y�Y��8���P��,,��Y;�t�?�Y�.P�Y�Ie by�Roaoaer w L,a�der.in aocordanoe with
<br /> the pmvisiuns o€�grap�8,in liru of the�nt of�riitgage in�psemiums.These iicnrs are called''Fscm�v,Iums.' .
<br /> . Lendes may.at aay time. coUett and l�ald��in a��nnt nat tt�;�d tine�wn amoum a Iend�for a fode�alIy ,
<br /> • 'celate�i mortgage toan may require for Borrower'�escror��i�cauat uuc3.�the federai Real Iistate Setiiement Pm�es Ac;oiF
<br /> 1974 as amend�d from tio�to ti�. 12 U.S.C.Sectian:�iT,,et se7•�SPA�),untes�s�atIIer taR that e�i.�;+.,.b��',�e Fvniss •
<br /> s�s a les..er amaont. If so. Leader ma7►,at anY.�cb;�t tu;d i�Qir3i::�tands In aa amrttrmi ao¢tra:e�d'the tt�ser,amdunt:: '
<br /> Ie�der may estunate the smaant af Fands ds�an ti�e basis of caur�.'�i�e�l reaso�abie��of cxp�endi�s'of tatme� � �
<br /> Escrow Ifems or otherwise in acoordanoe w}�i it�l�cabie taw.. , • ,
<br /> The F�mds sha11 be hetd in an insiiui��Caa whose deposits�re insured by a fedtral agen�y, �,or endty. � .
<br /> (including i.ender.if E.ender ia suctr an instimtiam)os in�r�,d�ederal Honte Loan Baak.i.eader shall apply tI�e Fm�ls ta gay the
<br /> • Fsc.mw Items.Leader.may�t c6arge Borcower foz hoId�y and agPlying the Funds,annually analyzing ttte escmw aecount,br .
<br /> verifyiag ttie Escrow Icems.3nTess Lender pays Bomnwer u��est on the Funds and applicabla tan►permits Lesder ta make sucb
<br /> a,cbacge.However,Lender taay reqaine Borcaovea to pay a an�tim�c�arge for�n indq�ende�t ceal�ate tax c�eporting service
<br /> use�d 6y I:ender in anna�tioa witb this loan. unt�ss,�jtplirabte.Iaw pmvides othe�vvise. [TNess an�agrecrtient is made or .
<br /> ag�cible law t�qnires interest to be paid,I.eader sh�'i�aqi lsz�uired to pay Bosrawet any im¢rest wr eamings qn'the FunQs.
<br /> S�inois�rer and Le,n�er may agree in writiag.k,uwever,t�:fi�sitea,est s�al1 ba paid on t6e Funds. Leader sha11 gi�Fr.y Bomswer..
<br /> arifi;out charge,an aunual aocouimng di t��'w�ds,showing credits and debits to the Funds aq�A�t���,?���or which each �
<br />� . debit to the Fun�is was mad�.The Fuads a,re�tre�ged as additional security.for sU sums secared by i�ra�'�q�i�.�3nsuumenG . . .
<br /> � i�the Funds I�tW by Lender exaed the amnunts permitted to be 6eW 6y applicable law,Lender s�al�a�ca�t to Bormwu •
<br /> for th�e exas4 Funds in accu�rdar.ce with tlie requiremeats of applirable taw.If the amount of the Funds htid B}r IRn�det at any -
<br /> fvne is nat snffcient�o pap tUe Escraw hems when due,I:endor may so aotiiS+Barrower in writing,anA,in such case Harro'vver
<br /> sl�all pay w II.ender the,amennt necessary w u�aYe op the deficieacy.Borrower shal}make up the d�ciency in no man than
<br /> tweive znanthly payments,az l�ncter's sole discnetton: . .
<br /> . Upon payme�►t in fi�!!t of all sums seeared by ttvts Secr.uicy Insb�ument, Lender shall promp�iy refund to Bvnower any
<br /> F�Dds.hetd by I.ender.If.vnder paragiapb 21,Lender shall acguue or sell the Praptrty,Leader,prinr to the acqdisitIotf or sa(e .
<br /> of+�e Property,shall app{y any Fwads fle2d by Lender at the dms of acqaisidon or sate as�a credit against.tt�e sur�a sxured�by
<br /> dvs Security Ia�tt.:ment. • ,•., • ... ,. . �
<br /> 3.ApplipK�i�n a�pnyn►��s.Uniess aQ�;l�ca6le taw pmvides,otDerwise,ait pay�eats reoeived by I.ender under p�ngraphs .
<br /> 12i�i12 sha11 bc applied:firs�,t�atry pre�em charges due under t�a Note: sa:ond.w anoo�nts pRyable.u��.2;
<br /> . t�ii�t�G,�t�f intictst dne:fourth.4��T�P�.due:and last,to any tate ch�rges due under tha Note. �:;�
<br /> , � ..;�4•C�ar6es:T.ks�s.Hbrrower shall pay all taxes.asses�r►ents;charges;fines and�sitions attributable tti the�ropeity,
<br /> sWtuch m�y att�n p.riaxity over this Sesurity Iasuument.a�d Ieasehold�iay�menrs os gmund rents,if anp.8osmwcx sflall g►g... .. .. �.
<br /> , , these o6ligations in the m�nner provided in pa�agtaph 2.at if Aoe paid tn:t8as manner,Bozrower shall pay them on timo diro�ly
<br /> . QO t�1C OCILOIl OWCd T13V1pLI►t.BAtt4fW�;c.ha1�i*+!*��mi�=r.{';!r;:i?is Lr�.-a�.°"-.-csR-'s�'�CS£4�±az:±:FS as��:3:c u:-�'c�w:ya:.vy��'yY°t�. ---
<br /> . I�Bonowtr matces these pay�nents dirpctty.Boaawer shall prumpdy fi�mash to Le�eeceipu evidencinfi•the pay;in`�ts. �
<br /> -:�• Bortotiver shati�mptly discl�arge any lien which Aas priority over this Seaurtty Instruiment nnlesa BorroR�cs`l.,�y agtees ln
<br /> wf��.i'ttg tb t6o payment of the oblignoion sscured 6y the IIen in a mant�ci�ptable tn l.ender;(b)oontests in good faith the lim
<br />. ' �6y,:or defends against enfarrcment of the lien in; legal proceedings whicb in the Lender's opinion aptrate to pievent ttue �
<br /> d�rcement of the 1i�;or(c)secures from th+e h4lder of the llen sn agreement�satisfaaory to Lender subondinad�'tg the lien to'
<br /> tJt��;liecurilY Instau�eiu.If F:;r�t+cl+�s detennit�es that any�,z�1 of the Ptopertyr is subjec�:t�a lien which may sutaiu jp�iority wer
<br /> cirl�,F'uCUrity tnstrumont,Le�A�n�may give Bortower a auaf.�identifying the lien.Baz�rivrer ahall satisfy the tten or.talce one or
<br /> �tutt��:of We actions set forth aiiove withln 10 days of the g"rt'ring of aodce. �� • . ^
<br /> � `' ',.�� fain 302e 8190
<br /> ' . v.a.sma
<br />
|