|
, . - .. • � . *� .. _.it..,�.,,��..�. ---�..:,;:;,:S.t ..
<br /> . gs.. i�9��'7 �:z:3
<br /> TUGET�iER WTTH all the improvem�nts aow or�eceafter�ected on the propecty,and all ease�nents.appurtena�ec�s,and ----
<br /> fixt+u� aow o� hereafter u part nf the proPertl'• A11 cePlasxmea�s and s:dditio:�s shall also be wveral by this 5eceirity —_
<br /> In4uurr�nt.A!1 of tkz foregoing is referred to in this Securiry Instrumer►t as the"P�oQerty•" �'4T_
<br /> BORRONER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and h�s the ri�ht co grant att� :�.=
<br /> convey th�Property and that th: E�ropeny is utteacumasted.eacs�pi iu��nc;t,as;�t,.zs af r.:v�l. �.•ruKrer�ern.ns et!�witl _____°
<br /> de€eud penerally the tifle to the Property agaiast all ciaimy arsd demands.subject to any encumbmnces of R:cord. ;��
<br /> m
<br /> THLS SECURITY INSTRUMEI3T combines uniform eovenants for aztionaf use und nvn-uniform covenants�vish limited ;�-._
<br /> variatians by jurisdiction to constitute a unifarm see.vrity instiumer!t covering real Pmperty+• _�,
<br /> �,-
<br /> ZTyIFpRM COdENANTS.Horrower and Leader covenant and agree as foilo�vs: ,�
<br /> l. �ay-ma�3 of PrtadppJ and Inte�st; Pr'ePaYm�t um� i.ate Ch�es. Borrower shali promptly Qay when due the ;,,,.,., .
<br />�` --
<br /> _ principal of aa�interest oa the debt e•ridenced by the Note and any prepayment and late charges due under the Note. _
<br /> 2. Fuuds for Ts�ces and Ia�us�nce. S+sbject to applicabte taw or to a�vriuen waiver by Lcn�cr. $arr°t5er s1�al4 pay t°
<br /> Lender on the day moirthiy payments zre due under the Note,unti!the Note is paid in full,a sum("Funds")far:(a1 yarty ta�tes =�_
<br /> ;;'�, anc!assessm�2nu whic6 may atmin priority over this Securiry Instrument as a lien on the Pra�.rcy:(b)yeariy leasettold paymeais _-
<br /> � or ground rents on the Pruperty.if any;(c)YeadY haiard or property insurance premiums:(d)YeartY t�ood iruum�ce prcmiums, _
<br /> ,�� if any: (e)Y�Y��8e insnrance premiums, if any:and(�anY s�uns PaYable by Borrower to i.ender. in accocdance with '�:
<br /> the provisions of para�aph 8.in�icu of the payment of mortgage icuurance pren'.i�uns.'ft►ese items are cait�'Escrocv Items." _ -
<br /> L�ndes may,at any time. coltect.sujd hold Funds in an amount not to exoeed the maxia�um amovnt a lender for a fede►aUy �_-;,
<br /> related mostgage loan may reqnire for Barronrer's essrow aceount undec the federa}Reat Estate Setttement Froseduies Acc of -_,
<br /> 1974 as amended from 6�w time, 12 U.S.C.Sectian 2601 et seq.("RESPA"),unless another law that app4ies to th�Funds ��:;
<br /> sps a(esser amoant. If so.Lender may. at any time, collect and hold FunGs in an amaunt not ta mcceed the lesser amovnt.
<br /> Ler�r, rmy estimate the amount of Funds due on the basis af cumnt data and reasonable espmazes of eapenditams of future �_,
<br /> �•::,< E.SCrntu U�.�s or otherwise iu a�coidaace witb applicabte law.
<br />�-a��;,: '�.�e Fuuds �uifl bs held i� an insticudan ahose deposits sue in.qured by a federal agency. i���uvmentality. or entity --
<br />:'�f;:{� —
<br />;.�.,�,t. (inc[uding Ler.�c-r��t�ender ia suc6 an institaurcc)or in any Fefleral Home Loan Bank.I.ender slraU a{��.��y the Funds to pay e �_,
<br /> :.�,,ar: . �a;n+Items.L.en�er may not chaige Eorra���r hoiding and apptying the Funds.annually analyz�4he esrrow accnunt,or _�
<br /> mse;
<br />;;�.�'�s vr�,c��the Escro�v Items,wtic�3.ender p�ys�orrower interest on the Funds and applicable law perinits Lender ro matse sucEi �=�"
<br />���^���4 a�"n�:.Howe�+er,Lender ma�:raquire Borru�ver to pay a one-time c6arge for an�`.dent real estate tax repptting seivice k:.°�,.,
<br /> '';4 as�.�3% I.ender in connectioa wa�h this t�a. unless applicable law pmvid� othr.ra:�e. Unless an agreecn�nt cs.made crr •�-
<br /> Bomower any interest or earnings oa ttie lFunds• ��
<br /> a;.�a�able law c�gt:.�es inxerest ta be paidt Len�shall aot be required to p.r! ;_e.;.a::
<br /> a
<br /> Bc��er and tr�zs may agree in writing,however, that interest shali ise paid on the Funds.Leader shall give ta�osrower, ___
<br /> v�i£�r•n�.charge, an annual aceounting of tne Funds, shnwing credits and debits ta ti����nds and the purpose for.u�ch each
<br /> dr.##;�t�s tes Funds was made.TAe Funds are pledged as additional security for all suu�s�ssaued by this 3ecuriry Instse�rci�:nt•
<br /> �►;'��he Fus�_l�etd by Leuder exceed the amounts pertnitted to be held by��.LraSie law,Lender shall accavnt Uo Barrower
<br /> .,�°�;` fc�r�he.excess Ftra�in accordance with the��v.�ements of applicable tasv.If¢��ouat of the Fu.��held ty Lender at any
<br /> " ' tir�e a�not sufficient to pay the Escrow Iteras�due,Lender may so nat's�Bc�rror.e�en weiting,pa.„in such case BortoweT
<br /> st�26�ay to Lender the amount cr�essary co make up the deficiency.Borrower shaU rr�up the defiriency in no more than �
<br /> tw���Y irnonthly payutents.at Lerr.��'s sote dicretion. .�• —__
<br /> ZJpon payment in fiill of r.�4:su�s secured by this Secority Insttument, Lender s}iall prompdy refnnd ta�u��wer any �,'
<br /> � Fuads held by Lender.If,under pata�aPh 21.Lender shall acquire or seU the Pcoperty,I.ende�.Pripr to the acquisi,uan or sale
<br /> of 16e Property.sha11 appty any Funds held by Lender at the time of a:,quisirion or sate as a credit ag�inst the sums sevured by —
<br /> `' this Secutity Insdument.
<br /> 3.AppltatUon ot I"�yments.Untess applicabte law provides otherwise,all payments received by Lendet ur�rr paragrnDl�s -.
<br /> t und 2 siiall be appfied: first,to azry prepayment charges due under th:Note; secon�,co amnunts payabls unde�p�,ragraph 2: �r�
<br /> tPard.w interest due;fourth,to principal du�;und last,to any lsue charges due under the Note.
<br /> mibutable to the Property
<br /> � 4.Cissuge�it.3�ns.Botrower shall pay all�taxes.assessments,chasges.fines aitd impositions a
<br /> ..�.:' : �vhich may auais�prioriry ove;this Security Iasuamem, and teasebotd Qay�nenu or graund reats.if,�y.�a�awer sha11 P�Y �
<br /> Ua s
<br /> th�e obligations in the manr.�..��ruvided 1n Para�raDh Z.or if not paid 4n that manner,Borrower shaU pay them c��wne directty —_..
<br /> ' to the yetsan owed pa,Ymwnt.�arrawer shall prompily fumist►to Lendes aU notises of amounu to be paid undcr tlj:�p3ragraph• �
<br /> 1f Rorro^�er�es�he�gzy�ts direcdY.Borrower shall promptly fvr�3sh ro LrEnder receipu evidencing the pay�s. �
<br />" , gorruwec�f�all prnmptly dischazge any lien whic6 has priority o�•er t2i:s Secarity Instnunent unless Borrower:(a)t►grees tn
<br /> ' writing to the pay:.wnt of the obligarion secured by the lien ia a manner a.:eptable to Ixnder.(b)contests in good faith ths 1�en.: �_.:
<br /> � by, os defends against enforc�ment of the ilen in, legal prooeedings which in the l�nder's opinion operate to r�revent ttr .:, , �
<br /> � cnforcement of the lien;or(c)secures from the holder of t3re lien an agreement satisfactory to Lender suUordia2�n�;the lien i4
<br /> � t�his Security Iastsaa�ent. If�rn3er determines that any part of the Property is subject to a lien which may att�:n�1'tority o���r -- -
<br /> ::;;;i;;� " r�1fi Securiry Insttument, Lenw.r may give Boaower a notice idend£ying the IIen.Borrower shall satisfy the fien cr take one ar. _
<br /> ".�.^t±� �a.ve of the uctions set foith above witlun 10 days of the giving of nodce. —
<br /> Fo�soze also --
<br /> - . a.9oso+a =
<br /> rd�-
<br /> ' _
<br /> ,� :.y ... . . ,.�. . ' . ... . ,.. :�. , ' ��Y;
<br /> _ . • ., .. .�,'` �y�Fi;:� . , � ,. . . 1 ,.;t�'` .
<br /> `.,: . ' �J.���i�.. � • r .. , . .. . , .
<br /> .. � . , � ' � _ . � . . .t,'.�{�S;l. - ' , ' ' .. �r , � _ . ' �+ir-. • , . ' +.•.-
<br /> • •. ' ' " � .. � .:�1i;1��'� ' , . . - .. - . .. - � ". . . . . � ' .� -� . � � - , ..�;
<br /> . - .. � , . , , � . . • . . - . ' . , . .i�.
<br /> - .. _ � .. • ' � ', . �� . . - .. . �._ . . ' • - � '. .. � . _ .. - ..
<br /> , . . . . . . . . , - ..� . - - � .. �' '. .. . ; .
<br /> . , . � .. _ ' ... .. . - � . . .i, ' . .. '. �. � . - ' . • �. , � . � .•`. . � '•
<br /> . � .. . � - . . . . . . .
<br /> , ., , . . _ . . . .
<br /> _,____�.� ------ ---.._. . .__.._,._ ._ .-----''--__.__ . . _�.. .._ . ..__-.__-=-- -- -- - - ' ----- -- - --- ---'�--------- ---.-_____ .._.._ _._..._ _.__.
<br /> I . _ . . . , . . , . '" • � � ' , �_ . ' .,1�' . � ' _ . ,� " - . .. .-.
<br />_ . . . . . _ ' ' . .. . . �. .. - ' + . . . . • � . , .
<br /> _ _ . . 7.� " .r: . .. . " . . - _ � .. -. ' _ _' ' �- . ' . , .
<br />
|