|
, . . `' , a . ' F ' . ,s� . ... �h .u' .,F 1 e. • , . .. " `"r� J:.S�.... �"`� ._—��_.Y�..
<br /> . ..
<br /> - �a� ����2 `.
<br /> � CO'�BD1AN�S. Borrowers and Lsader covenant and agree as �_
<br /> follo�rs: �-
<br /> 1. Paym�nt of Princapal and Interest; Prepay�ment and Late �-
<br /> Chaxges. Borrower� �hall pr�ptly gay �hen due the principal of �_
<br /> ��,� t„r�.-�,°r nn r� r�orr,r e�idena� by the Note aad aany prepayment ,,,
<br /> � � and late charges due under �he Note. `
<br /> '� -
<br /> 2. F�nds far Taxes aa�l Iasurance. Subject ta appliaat�Ie Iaw f
<br /> �. or ta a wri.tten waiver by Lender, �o9crowers shall pay to Leuder on =
<br /> the date yearly paymente age due �der the Note, unt�l the I�ote is
<br /> � gaid in full, a aum ("Punde"1 equal to: (a) yearly taxes and
<br /> asee�s�¢ente which mag attain priorfty over thio Se�urity _
<br /> � � Inst�ume�at= (b) yeariy leae�hold pay�ente o�c groun� ren�e on th�
<br /> � Prop�rtp, if any� (c� yearly hazer� ineurance premiumaJ and (d) _
<br /> ��`.� ysa�ly mortgago inaurar�co ��em3um�, if any. These iten►e ara aailed =
<br /> ,.,� "eBCrom items". Le�t�er may eatimate the i�un�ta due oa the baei� of �-
<br /> �, current data anr� reaeonable e�timate� of €utuse eac�ow iteme.
<br /> , t
<br /> � ���, The funds ehali be he18 fa an institution, the deposite of
<br /> ; ( rabich are fnsured or guarantee8 by a f�deral or state agency. �__
<br /> ;� Leador shali appiy the Pun$s to pay the escram iteins. Lende�c neay
<br /> . .�: no� charge for ha29ing arid applyiug the Funds, ana7.yziag the --
<br /> j' account or ver�fying the eecro�v items. Lender shall not be
<br /> � � reguired to pay Borrewers aay iateacest or earning$ on the Fumds.
<br /> �.`��< Lendes shall give to. Borrowers, mft8ou� charge, aa annual account
<br /> ' �of , the Punds showiag credit� aad debits to the Funds aad the .___
<br /> � ' puxpose for vr3��hh. each dehit to the funds waa �ra8e. The Punds are : --
<br /> .. '' �� �edgad at� . �itional security for the �ar.�s secured by �his _
<br /> Si��a�:t�r ��ent.
<br /> , �,, '�i ��:::�:'�YY�:.��?iqunt oE the Funds held bgr Lend�, together with t�e ' --
<br /> , futus� yea�x�r��:�aymeats af l�uads payable prior �o the due dates of �
<br /> tbe es�row?�'t;.��. eh�.l exc�ed th� az�ount �r�guired to pay Che r:..
<br /> .�i.�. � es�cra� iteing'�:���a du�;. the excess ahall be, �� ��rrowers� Op��LGA, . -_
<br /> :'��{r � either prc�t:ly repaid to Borrowers or crediCe� �ar Hosrawers om
<br /> � yearly paym��s of Funde. Z E the atuouat o� the �'a�nds held by
<br /> , ' Lender is ..rli�t�� aufficieat to pay the esc�c�a items when. .due,
<br /> � �� Borrewers eli;�:7. pay to Lender any amozuat nei:�t�sa�y to make ti�::the __-
<br /> ;-'�� �� �def3c�.ency ���one or mflre payc�►ents as requf�r3�� by ir�..ader, . _•_
<br /> ..,� . . .
<br /> :�..
<br /> ': � . :�:;�F2���a g�yment in .�full of al� sums s��;°d by this Secu�ity �;;;?::�:"':�: _.;g�
<br /> , :}.; Ins�it�mte:��.,.:��uder shall pro�aptly refund �t�s� ��3orro�vers any. t�r�d� : � _
<br /> . ,.. �eld.:by .Leirr�'t��, � IQ iu�der paragraph 19 th�: ��toperty is so . :;�.�c _
<br /> . . acqu:.�ced by �nder, Lender ehali apply, no ��ter than i�edf��r��1�. -
<br /> ; i pr3.or �o� the �sal� of the Property or ft� a,�.ruieitfon. by Lertder ���ny , • � � _
<br /> � . ,. FUnds held by Lender at the tfine of •��Lication as a c�edit =__
<br /> : . ; agai.nst th� �ums secur�d by t.�is Security.�r��r��rum�t•� � � : _
<br /> •::� � � 3, �ig�lication of Paymeats. Ali pay�t�.�:6 receiwed by Leader �;-
<br /> un8�3:•��S�agrapha i �nd 2 shaii be�applied: first, to late chazqes .
<br /> . ., � due:':vr.��er �he Note; .second, �o prepaymenC cYiarges due under the _
<br /> �`�� . Nat���•,.:°�Sa3rc3.R.. to amounte payable under pa�i�graph 2: fourth, to --
<br /> fnta�r�� d�iej and, laet, to princfpal due. ;.. , - -
<br /> • � ��. C�argesJ Lfens. Borro�e�rs ehall pay a11 taxes,
<br /> • 'assessments, r.harges, fines, and impositfons �attributable to the
<br /> ",;:; � Praperty which may attain priority over thfs Securxty Instrument,
<br /> � ; •, an8 leaseholc� paymentB or grouad rents, if aay. Borroa�era shall
<br />� pay these obligations in the manner provided in paragrap� 2, or
<br /> - if not paid fn that ma�nner, Sorro�ars shail pay them on time
<br /> � dire�ely to the person o�ea payment. Borrowere shall. promptly �
<br /> ' furnish to Lender ali noticQS of amounCS to be paid undex thfs
<br /> paragraph. If Bo�rowers malce theae payr�ents 8i.rec�ly, Horrowers
<br /> � � sha7.I pxomptly furnish to Lender sece5.pts evfdenafng the payments.
<br /> Borrowers shail promptly discharge any lien �9bich has priority
<br /> �� over this Security Ingtrument unleas H�rrawere: (a? agree in �°
<br /> � writing to the gayment of the obliga�ion secured by th� lien in a �
<br /> . manner acceptabie to Lender j i1o) contest in goad faith the lien by,
<br /> � or defend agai.nst enfoxcement of the lien in� le�al proceedings -
<br /> which in the Lend2r�e apinion operate to prevent the enforcement of �
<br /> _:�,_� � �`
<br /> . �
<br /> , �'a; .. �:. ' . • . . , . . . � . . . . ,} . .
<br /> � � . , . ' ''� ' � , � •, . . ' ,,.,�. . • � . .
<br /> , .. .. . , , , , . . .. . . . ,_ . . . . . . , :�.' . . � , . . � . . � . . .
<br />
|