|
���.
<br /> — � ,s� -
<br /> � , • ' -, ,T_..'`�__-__ .-.
<br /> ' '____�l�Ll`__
<br /> . 1•-'f �_-- ___
<br /> ..�...r�r�s�aa-`_._'=",,,.-RS.'`. � - -•- ��'ti:r-s:w.+�i "� .._ ..r.a r.L...- --- . ---
<br /> �� ���
<br /> 't'Ot3kTHER W�7'�� all du improvemenu now or i`►ereafter eroctod on tha propcny. un�f �11 easctuents,
<br /> appurtenuues,aad flxturcs now or Aenuter a pan oi ihe proptny. Ali rrpi������t��.; :�,::tio;i: :�'u:tt:.lw�:.cv:r�
<br /> by this Secutiry Ia�ttumcnt.All of tt�e forcgaia�is refemd to in this Security Inu�unuut as the 'Property;'
<br /> 13o�c�wr�Co�Ey�xn thu Sorrower i�IAwiWiy r�isad a:thr,:ssasc Qe:ray coaveyed�h�the nght to�ru�t Actid
<br /> cunvey ttse Pro�+tRy�tx1 thst the Pt�perty is unencumberod,cxct�t for cncuuibrwces of raoni, Borrower warraau utid _
<br /> will deCend�2ntralty thc titk to tts�Fraper�ty�si�t ail clatms and demaads.bu�jat t�s.^.y er.^�r.!br•.�ce��±f n+�c�+rcl. -
<br /> 7'HU S�:.u�urv Irrsrnu�r wcnbinw udform coveawts for ai►ttional use and nou-uaif�rm covwiat� with limiud _
<br /> v�uriatiwns by jurrisdiciton to catu:imtc a uniiotti s�cu.^sy irstrumest covering real pto�+etty. _
<br /> UNir�w Cov��Nn.Borcow•er ind I.eader covaunt audagm as follows:
<br /> 1. P,iyweoi ot�h9aclpal and Iatcrat; �repsyment and l.ate CArrgea. Botrower chall pn�mptlY Pay when tlue
<br /> tbe princ�p�1 of and interest on tP�e debt evitknced by the Note and any pmpayme�tt And laze cha.�ga due under the Note.
<br /> 2,�ads tor Tiures xmf Insuranar. Subject taapplicable law or to a writtea w�iver 6y l.ender.Bozrower shall paY
<br /> to Leader aa the day taonthlY F?Y�au are due uader-the Note,uatil the Nou is paid in flill.a sum('Fuads")for:(a)
<br /> yeuly tues aad a4sastna�ts wdicb may utain priorit}r aver this Secutity Iastcument as a ltea on ttie ProNerty:(b)Y��Y
<br /> leasehold pay�meats or grouad rente oa the Property,if say;(c)Yeuip hu�rd or properry insurance pre�ums:(d)Y��Y
<br /> flood insuranoc premium9,if aay:(e)Yeuly aiortgage insunace pre�ums,if auy;and(��uY sums paYable by Borrower
<br /> to Lender, in accoM�nce with the provlsions of pustgnph 8. in lieu of the payment of mortgage u�swanx premivms•
<br /> 7t�ese items are callod"Escraw Icems.'Lender may, at Pny time�collect and hold Funds in aa t�mounc not to excee+d the
<br /> maximum uaount a lender for a federally related�uortgago low may roqutre for Borrowet's acrow account under the
<br /> federal Real Estatr Settlement Procedu►as Act of 1974 as amended from tiate W tirae, 12 U.S.C. ¢ 2601 et seq.
<br /> ('n.ES'PA'). unl�.:sno•.d:�t lata!ltaS ag lits te ths Fuads setg a leccer unotmt. If ao, Leader m.aY,at aaY time,coUact wd
<br /> holA Fuads in an amount not to ea�thc lesser aznount. l.ender may estimata the amount of Fuads due on the bas�a of
<br /> curreat dzt�aud reasoaable e.ui�tes of axpenditures oF fuiure Esccow Items or othecwiso in x�ardanoe with aPPlicable
<br /> law.
<br /> Tde Fw�ds s�h�ll be 1`�:3 e�aa insdc�cion whose deposits ue insured by a federal agency,instre�eataliry,or e�tity
<br /> {exn• • �Le�. �f L�eadr�is svch aa i,o�v-r'ra�ion)or ln aay Federal Hame i.oan Ban1c. i.eader sl�.:t�p ly the Funds ta
<br />' p;,y r.�re Fsero���c. 9.ea3erm�y �ot��.c�e Borrower for Lolding and applyln8 the Funds, aa�utlY u�atY��B�
<br /> es��a�ouuec,oar ctr.fyiag c�e Escrow Itemq, ualess L�nder pays�orrower interest on the Fun�u and apFlic�ie law
<br /> �ec�i�s Lxadec ta �ke st�ch a charge. However, Lender may require Borrower co WY a one�t�me chu8e for �a
<br /> inckpradent •re�l estate tyc nporting semce usad by I.ender in conaection wiffi Wis loaa, ualesa applicable law pravides
<br /> otherarise.Unless an qgreement is m�de or�pplicable law nquires interest to be�id,l.eader sh�11 not be required eopaY
<br /> Borc�aer aay intenest or eamings on the Funds. Borrower aad I.eader may agree m writing,however.thu interat shall be
<br /> paid oa the Fuads. I.eader sha11 give to Boirower.witbout charge.an a�uw�l accouatiag of the Fuads,si�owiag crodits 4ad
<br /> debits to the Fund�aad the putpose for wLicL ach debit to tbe Funds w�s m�de. 'Ibe Fuads are pled�ed x� addiiiooal
<br /> sxurity for all suau secured by thls Secunty Inspwneat.
<br /> If tho Funds held by l,ersder ea�oeed the amounts pamieted to be htld by a�pplicable lstw, Leader at�11 account to
<br /> Bo�rower for ttse excas Fuads ia aocordmce with the roquiranaus of applicable Iaw.ff the�aiouat of tlse Fund�6e1d by
<br /> L�eader u my tlme i�not wfficieat Wp�y the F.scmw Item�atx�due,Lmder miy s�o aotitjr Hotrower ia writing,�ad,in
<br /> wch c.ase Borrower shall pay to Leuder t1�e amount neeessary to m�1ce up the deficleacy,Bortnwer dWl make up tbe
<br /> defkieacy ia uo more tbaa twelve montlilY WY�•u L,ender's snls discrct�oc. -
<br /> lJpon p�ymeat in tWl of aU wan secvred by tl�is Securiry Iaucummt. l.eader ehall D�P�Y nfi�nd to Bormara
<br /> �ny Fun�s held by Leader. If. under 21. L�ader ah�ll �cqaire ar sell the ProQerty, Lrmder. prior W the
<br /> --�,x.:tt:.a:.z::te of s�. ..nr^�:;,•�• �•�, •�Y F�+�vi:�.}c1 hY.Im�et st the time Of iL�u�itim Ot.filC if g C�1t _
<br /> ��inst the swns sec:ured by tlus Se�,uciiy Insirvment.
<br /> 3. App�stlon d Paynsent4. UNess applicabt�law pmvides otberwise, al�payznaus nceivea by l,eader aader
<br /> paragrapbs 1 aad 2 shall he applied: fint, w anY PnW3+�t c�rges due under the Nou� seoond, to amounts pay�lsIe
<br /> uad�r 2•thiM,to interai due�fourth,to Pr�ncipal due;�ad last,to wy late charges due uadrr the Note.
<br /> 4r�pi I,km. Bo[lowec shallpay all tz�es, actasmeaGS, ch�r8a, fina aod impOSitious�tuiburabk W the
<br /> Property which mny attain prioriry,over this Sxurity Instrumeat. and kasehold payarAts ot gra�nd rwu. if any.
<br /> Bo�rower ahall pry thae obligatioas ia the•119^,+�•pmvided ia paragr�ph 2, or if not�ud ia thas maaner,Borrower shall
<br /> PAY them on time dirxtly to the person ow�ec�paymeat.Bomower sball PrnmptlY fum�sh to Leader all notixs of amounts
<br /> �o n��a���a. �so�ro���wy�a'�r, Bo�ro�r�u p�y r,�w�
<br /> naipts evideacin8 the PaYmenu•.
<br /> Bormaer st�ll promptly d�huSe aay liea w�dzs prioriry o�a this Sa:urity Iasnument unlas Bomower:(a)
<br /> agroes ia writia$to the paymeat of the obligwon secured by the liea ia a mwnrr aoceptabk W L�eader; N)oonusu ia
<br /> good faitb the ixa by, or defead9 agaiasc eaforament of ttu llen ia. iegy pmoeediaSs which ia the Leader's opinion
<br />- opente to preve�t the eaforcrment of the [ien; or(c)secures fmm tt�e Lolder ot We lien an�suisfectory to
<br />- L,eaier subordin�ting tt�e liea w ihis Security Insttumeat. If I�rad�er dececnines iis�t aay part of tye Propert�r is subjeci W a
<br /> !iea wLich may�tt�in pnority over this Security Iasuumeat, I.�ader may give Boemwer a notix ideahfyiag the lim.
<br /> Bon+�w�r shall suisfy tbe lira or take oae or more of the xtioas set forth above witlua IO d��rs of the giving of notice.
<br /> S.Narard or Prupe�ty Ia�uraaoe. Borrower sha111cxp the imPmvemeats new exisdag or Yse�nafter eracied on the
<br /> Property insured against loss by fire, havrds inciuded within ttu term "exteaded wverage' aad any other ha��c�ds,
<br /> Farm 3025 9JyG(p+ye 2 of sl
<br /> �ANi(EIIG SYIITEI/t,INC..LT.CLOUO.Mii Si30111->OO ia7-1941)FOIW MA1-7�E�/5/91
<br />
|