|
-, ; �'`;'"' -- _
<br /> _ ,_. , ,.., ..- - _ --....:_ - -_�. -.__--=.---
<br /> �f` , . . � �:
<br /> ,. �_°''
<br /> � � _ - - -_- ---�— - - --_-
<br /> ' ' �6� ��c��� �_
<br /> TO(3fi7HBR WIT�f dl tLa i rovemcats now ar heraftEt erected on the property. u�c1 �11 �. �
<br /> :�,�;:;.�:.;=���zr,:r-r.�:�^•�•�•�•• •`�"�•�CF tl�w�s_riv�w.e_ti. All ra;tilocamaittr�d atkLllOqY�1111 M{so b0 C11Y61�DC1
<br /> by tWa Se��utity Ia�trvmeat.All of tt�e farogoiog ia rafdrr�d tc�in t�w 5c�curity Insitumeat w t!�'Propotty. -
<br /> liow�owt�t Cavw�rrts thitt Borrower t�l�►wfully seisad of tha est�ta hertby convoyad aad 3su the ri��t w atant�ad =
<br /> c:nnvey ii�Pr��atty w�: th«tt.a P:��w.Ky ia ur�e�.um�red, ezca�i for eacumhnaces of racord. Borrc�wer w�mnec�oci -
<br /> will dekad ganendly the Nda to the Property Ag�inst all cWmc r�decn�►nda,subject w�ny encumbrwce�,of racord. -
<br /> '[�s SFCUat�r INSntu�vr com6inoc uaiform covet�nts for astional use and saa-uaiform covenaaw with limitnci �-
<br /> viriatioas by jusisdictioa to coactitute a uaiforn�cacurity inc ,n�,�covarict�rea!prcvperty. -
<br /> Ut�uu[�owa CovsN,►x�s.Bormwer and l�ec�der cove8rat and roe as fotlows: -
<br /> n
<br /> 1. puy�nent ot PMt�dpel and Iaten�st: Fhreps►Yment Lstte Chs�ec.Borrower stull pe�nWtly pay whou duo -
<br /> the p of aad interoct on tha dabt evideaced by tbe Nnta aad,u�Y P�Yment aad law ctwrges c%na undor ttsa Note.
<br /> n
<br /> 2. tor Taxec aad Incwraacr. Sabject Wa�licable law or to�writtaa waivar by Leod�ar,Botrower�Iwll paY
<br /> W I.eader on the d►y aanthly p�ymnnts�ra due uudar the Nota, until tho Nota is prid in full. a sum('Fuada')for: (w)
<br /> ye�rly t�� e9 aad�seccmeaw wlvch may utain priority ove�this Sacwity Instsument ag a lka on tbe ProQetty;(t►)Y�Y
<br /> la�o6old payment�or Qround mntc oe the Pcopecty,if aay- (c)yearly baz�t+d or p insur�wca praniwar:(d)Y�Y
<br /> Soa-�i�w.L:.:.pr,�iu�:,if eay:(s?yar!y n»ctgs;e insuiwace;►�+anuwn., if aay;��av waa p�y�bie bY Bortnwer _
<br /> w Leader� ia�ccocdt000 with tho provIsioua of puagraph 8, in lieu af tbe paymout of mocs�+�ge tncunace ptnmiums.'
<br /> '�bo�e iteas9 are calZed"F.scrow It�mc.' l.eader m�y, at aay Nmo,colloct aad bold F�ads in aa amouat not to exooecl sho
<br /> maainwm�moud a leo8er for a ft+dK+�ally nlated mortgage loaa mny cequire for Bocrowar'a ascrow aocount uoder t�a _
<br /> foderal Ra! Estace Settl«+ment Procadums Act of 1974 s�v ameadod from t�me to titne. 12 U.S.C. § 260I et seq.
<br /> ('RESPA").ualav saother law thatap�lies to tha l�uads sets a lessa aaocunt.If so. l.eader may.at aay kme,collect�ad
<br /> hold Fuads ia an anwunt not to exceed the lesser amcwat. L.a�1er may esdmate the amouat of Fuads dua on Wa basia of
<br /> curreat dats aad teasowbk estimatas of expenditurec of futuro&scrow bxms or otbawise ia�ccordanca with apglicsblo
<br /> law. -
<br /> T,hE,Fuada c�ll be held in au inctitutioo wbose de�ocits ue insured by�falutl age�ey.inct�umeatality.or entity
<br /> LAac�ev, if i�eader is cuch w iastiiduioa)or w aay Fakrtl Hcxae Low Baak. l�eacler s�all�pply tbe Fuads to
<br /> p���,aoM;Ita�:. L�::.�a� ,;.:y :.;,5 c,::ug� Eo:rawrs €os hol�' � rnd ��lyin� the Fuods� aaowlly aa�1y�L
<br /> escrow�ocouat,or verifyiag tbe fiscrow Items, unlesc I.ender psyc$orrower intarest oa�ho Fuads aad
<br /> p�mits l,eador W mdce a� a charge: Rowevu, I.eader may raryim Aorrowu to pay a ono-dme ��for aa
<br /> indepeode�t real�we tax rapoitiag semce uged by Leader ia conaectioa witb thu laa, �ale�s applic+ble 4a pc+ovidao
<br /> otLe=wiaa Udoc9 an�tnem�at is n�de or applicsble lswreq interest to be p�id,L,eader cball not be tequited to paY
<br /> Hoctower�ay iota+est or earmngs oa tbe Fua�e.Borrower aad�Leadcr may a�ree in wnqag.hovv�vu,tbat inta:�at�all be
<br /> paid oo tLe Fuadi.I�eader ahall give W Borrowor.wlthoatchu�ge.m uu�ual of the Fuad��slwwiq�c�dita�ad
<br /> debits w tha Fuod,c u�d thepu��ae for which a�ch debit to tlie Funds was�Funds ara plal�ed as�dditi�nal
<br /> iecur;ty for all su�ss ca�uatl by this Sxurity Insttumeat. _
<br /> If the Funds held by L�eader ezceed tbe amouats permitted w ba held by applicable law, I.eadcr shall K�ouat to
<br /> Bon+aw�er for the ezoers Fuads in acconLace with tbe reqe:itemants of applicsble lsw.If the�mouat of the Fuads beld by
<br /> l�er at my time v mt suPficioat topay the Fscrow ioeaar w�bea due.Lender may so notify Bocrower iaw�tis�.and.in
<br /> su�case Bom�ae��hall py eo I�eader the amouat neoesaary to m�1rA up d�e deficuacy. Bomuwar�all m�k�up tbe
<br /> deficieocy ia no mo�re tl�aa twei��moatblY P�Y�9,at Leader's cole diac,�retioa.
<br /> [7pon �n tull of�11 wm�axuted by this Sec�uity I�tumeat,Ie�1er+hall W�omPt�r�to Bo�row�ar
<br /> my Fuads � by[.ea�3et. Ii. uader� 21, Leader ch�ll acquire or se]1 We Prope�ty, . prior w tLe
<br /> at do w iao i�+s , •._ �,� ..J a.�.L�'�.a.�'� I._�"'�.:�e eti.. e:�nf�muisitioe o�ade Y i r�dit
<br /> � w a�rr
<br /> . .�t�e wme�ecared b tbis S cuiiry Insbniment. �ved b I,eoder uader - - -
<br /> 3. Applicamion of�,ju�eots. Udesc applics►bla law pmvidcs othc:wiso, all P�Y� Y
<br /> p a r s g r a p�h r 1 a a d 2 c l�a l l b e a p�p l ied: fit�t, W aa Y P�'?P!Y��es dao uader tlie Note; cxond. to amouats P�Y�
<br /> uader 2: thud,w i�ars�due;faurth,w prmctpal due; lact,to aay late�arges due uader the Note.
<br /> p�.��x.;I.ira�. Borraw�er tLa11pay�11 taxec. acsacmeo�s, c�ar�as�fim�wd'imposi�audbahb�e W tbe
<br /> pmpaty vvbicb may sehin prioritp over thia Secwity In�vmeat. aad lea�ebo2d paym�ats ar �raund reats, if my.
<br /> Bonsw�er�il p�y the�e d�li�oos in tbe m�aner�covi3ed in puagrapb 2,or if not p�id ia t�t mtaoez,Boa��rrec elull
<br /> w�be paid uac3a thi�paia,araph.�Borrower m�ilcy�d�p�Y���UY��'�''0� P�Y fiuni:h to Imc1a
<br /> teoeipes evjdeacic8 the P�Yme'nts• ,
<br /> Borrow�er si�ll P�P�Y���Y 1�which!us piiority ova tbis Security Incwmeat uaksa Boaawer: (4)
<br /> agz+ees in writia�to the paymeat af tbe obiiss�ioo sxured by tbe liem ia a m�cnrr acce[�tabk o�m L�eadec: (b)ooate�ts ia
<br /> good faith tbe lion by. or def�eadc a�ainst aafocoemeat of tbe liea in, prooeed�iogs whicb in tLe L�der's opnioa
<br /> c�Qetate w p�+ea� the eafocoemeat of thu 1iea; or (c) �ecura from the�lda af tbe lYen m a�reemeot utisf�orY to
<br /> ` i,eoci�,r s�ia�vi�a�:�a ii�«,��.r:�I�•*•.�••• re r..,.�...�.e�.,�a�,. t�r anv wt of she�c+noetty is w�biect to a
<br /> liea wbic� m���in�non t-�r ovar tbis Secw�ity Imtrumeat. I,eader may g►ve�a�mwe�a no�ice i$eadfying $e liea.
<br /> BamWrer sball s�tasfy t�liea or tat�e oae or more of the octioas set fortb above within 10 dayc of the givin�of noticx.
<br /> 5.Ba�ard ar A�ope�t�L�praaoe. Bomnwor shsll keep tl�e improvameats now exisang or bereafter erectad on tbe
<br /> ym�eety inau,ed against bss by fire. haurds i�luded witbia tlse tam 'exteaded cove�ra�e' aad my otber l�aa��,
<br /> Fotm�02�91�Q fpa��2 of 6J
<br /> wMCa�s svne+s.wc..n.ci.ouo.�w w�oa n.+�oo�sst•u���wiw uo-ia+E u�m d ALd
<br /> lf��-
<br />��
<br /> i�
<br /> �
<br /> �
<br />`� Ortginat document
<br /> � AmerUs 64nk
<br /> '�
<br />
|