|
1�•�/� . � i: . . � ��
<br /> .v�:�' �:/� �..f�).e. � . . :,� L `'l . .{.� . . , . � t •:' -
<br /> - ��1, 1�1 ���4•r .•�i7�Nih� _.i�:��_»_ _.�. i�IMVw�N.�G'Rlq�MA"_• .. �4F ..�.� �4J��1.� ��'
<br /> .. ,�Y._-.�.�r'JYNiMIIlAtM,W:`.��1{�"rC.•'it�j'p... ' �J" •- _-- -'t's_�_
<br /> �- �,�i,�� � �...- � __-_
<br /> � � _ ��� -" - . _--........,�;;�:..:���` _.�- --
<br /> . � 92,_ 104��� �:_�_= - — — -
<br /> n, .
<br /> •� ' " TO(1ETfiER WITN all the improvenxnts now o�hereufter erected on the property.und all easements,appurtenances,
<br /> � •� � • � and Pixturcs now ar hereufter a part of the propeny. All replacements nnd additions shall olso be covered by this Sccurity �
<br /> �� � Instrument. All ot�he faregoing is rcferrcd to in this Security Instrument z�s the"Property." �,, v
<br /> •A�r+M.� ..L.�41 ' _"
<br /> • BORROW@R COVENriNTS�hut Bortower is luwfully seised of the estute hereby conveyed�nd has the right to gnu�t .-•__._
<br /> • �' " and convey tha Propeny und that che P�operty is unencumhercd.eacept Por encumbrunces of record. Burrower warru�ts a�d
<br /> ...-,-..
<br /> • �ti ,;�, � ' will defend generally the title to the F'roperty ugainst all cluims and demands,su6ject to any encumbronces of record.
<br /> a'o � THIS SECURI!lf IIVJTRL VIEivT cu�ubitic+ uuifu�n� covenw��� fu� naUuuui u�r .uiJ �tun•un�torn� �ovct�ilts with �.�—�;- --,--
<br /> . limited vnri�tions by jurisdiction to constitute a unif�rm security ins�rument covering rea!property.
<br /> • UNIFORM COVENA`TS. BuROwcr and Lendcr covenant and agrre as follnwti� �-;:- _ -- ._-___a_
<br /> , 1. Payment o�Principal und lnterest:Prepayment ond Late Chorges. BoROwer shAll prompUy pay when due the
<br /> . . , principal of and interest on the debi evidenced by[ha Note und uny prepayment and lute churges due under the Note. �''�:'r
<br />�: "' ' ' ' 2. Funds ior'll�xes t�nd Insurance. Subject to upplicable Inw or to o wnnen waiver by Lender,Borrower shnl l pay to -
<br /> • L.ender on the day monthly papments ore due under the Note.until the [v.,te ia ppid in full.u sum("Funds")for:(A) yeurly ri�-="
<br /> , taxes and assessments whieh muy attain priority aver this Securiry Insdvmont as a lien on the Property:(b)yesuly leasehold 4;`
<br /> � " payments or grauna rents on the P�opecty, if any: (c) yesuly hazar d or prapeny insurnnce p r e m iu ms; (d) yearl y Ilood � '��-
<br /> insurnnce pr�emiums, if nny: (e) yearly mortguge insurnnce premiums, if uny; and(tl any sums payable by Borrower to '—
<br /> �.��,
<br /> • � Lender.in �ccordance with the provisions of paragraph S, in lieu of the puyrnent of mungage insursu►ce prem�ums. These =_
<br /> � • items are called"Escrow Items.' Lender may.at suiy time.collect und hold FunJs in�amount not to ezceed the maximum . �.,,,,�,_
<br /> su
<br /> � . amount a lend�r for a federally related mortgage loan may require for Borrower's escrow nccount under the federal Real �,f.__•••��
<br /> Estae Settlement Procedures Act of 1974 us amended from time to[ime. l2 U.S.C.§2601 et seq.("RESPA"),unless another ---
<br /> , � law that applies to the Funds se[s 1 lesser amount. If so,Lender muy,ut Any time,collect and hoW Funds in an amoune not to • �1 ���
<br /> � �� � excced �he lesser amount. Lender muy �sdmace �he amount of Funds due on the basis of current data and �eusonuble � �
<br /> estimates of ex nditures of future Escrow Items or o[henvise in uccordanee wi�h;�pplicnble law. �� � ���.���- -
<br /> Pe ��
<br /> �� � T h e F u n d s s h u l l b e h e l d i n :+n i n s t i t u u o n w hose de posits cve insured b y a federol ugency, instrumentulity,or entity � ;�_.- --
<br /> +n
<br /> (including Lender,if Lender is such s�n institu�ion)or in any Federal Home Loan Bunk. Lender shall upply the Funds to puy i '`��
<br /> the Escrow Iterns. Lender may no[ chnrge Borrower for holding and upplying the Funds, annualty nnulyzing the escrow r • , �'F°-"
<br /> � account,or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and uppli�:n b le law pemniis ,�_-
<br /> �" " Lendec to make such a ch9rge. However,Lender muy require Borrower to pay a one-time chazge far an independent real � t,:t
<br /> • estate tax reporting srnice used by Lender in connection with this loan,unless applicable luw provides aherwise. Unkss nn : ' '�;�
<br /> • agrcement is made or applicuble luw requires interest to be paid.Lender shall not be required ca pay Bortower any ineerest or E �; .,N�`
<br /> , earnings on the Funds, Borrower and Lender may agree in writing,however.that interest shaU be paid on the Funds. Lender : �
<br /> sh�ll give [o Bortower,wi[hout charge.an annual accounting of the Funds,showing credits and debits�o the Funds :uid the ' �_,,.���_
<br /> purpose for which epch debit to the Funds was made. The Funds are pledged us additional securi¢y for all sums securcd by .�,,Y
<br /> I this Security Inswment. �•
<br /> 1 If 1he FLnds held by Lender exceed the Amounts permined to be held by applicuble IAw, Lender snaU account to • �,
<br /> - —_---__-— � So�so�ver for ttie excess Funds in ac�ordance wlth the req��irPm�nre nf applicable law. If the amount of che Funds held by G • �••.,•� _
<br /> Lender at any time is not sufficient to pay the Escrow Items when due,Lencier may so nolify Borrower in writing, and, in �. ' '?-•��
<br /> I sueh cnse Barower shall pay to I.ender the umount necessary to muke up the deficiency. Borrower shall make up the ;. . �
<br /> � dePiciency in no more ths�n[welve monthly pnyments,at Lender's sole discretion. ; , .;,.
<br /> • � I Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any •,
<br /> � � Funds held by Lender. If,under parAgraph 21.Lender shall acquire or�ell ttx Properry.Lender, prior to the ucquisition or , 7x
<br /> sAle of the Property,shall apply any Funds held by Lender at the [ime of acquisition or sale as a credit against the sums ,
<br /> ' secured by ihis Secunty Inswmenc. �
<br /> � 3. Applieotion of Payments. Unless applicable law provides otherwise, oll payments received by Lender under �
<br /> p�agraphs I and 2 shall be applied: first,io any prepayment churges due under the Note;second,to amounts puyable under �
<br /> psuagrnph ?;third,to interest due:fourth,to principal due;and last.to any late chnrges due under the Note. ; �
<br /> .; ��' 4. t:harges; Liens. Borrower shall p�y all taxes, assessmems, chtuges, fines And impositions attributable Io the
<br /> Propeny which muy attain priority over this Security lnstrument,nnd leusehold payments or ground rents, if any. Bortower
<br /> ., ' shall puy these oblisations in the manner provided in pa�agrapn 2,or if not puid in tha[munner,Barrower shaU pay them on
<br /> � �•" cime directly to the person owed payment. Borrower shall promptly fumish�o Lender all notices of umouncs to be paid under
<br /> this parugraph. (f Borrower makes the�e payments directly,Borrower shall promptly fumish to Lender receipts evidencing
<br /> • the payments.
<br /> ' Borrower shull promptly discharge ;uiy lien which has priority over this Security Instrument unless BoROwer.(a)agrees .
<br /> in writing to the payment of the obligation secured by the lien in a m:mner xceptable to Lender,(b>contests in gaod fuith the �
<br /> lien by,or defenJs against enforcement of ihe lien in,Icg•rl pnx:eeJings which in the Lendcr a opinion operate to prevent the i::.
<br /> enforcemen[of�he lien;or(c)secures from the holder of the lien an abrecment�atisfactory to Lender subordinuting the lien .
<br /> to this Securiry Instrument. If Lender determines that any part of the Proper[y is subject to a lien which may attain prioriry
<br /> over this Security Inswment,Lender may give Borrower a no[ice identifying the lien. Borcower shall sati�fy the lien ar take
<br /> one or more of the�ctions set forth above within 10 days of the giving of notice, ,
<br /> � 5. Hazs�rd or Property Insurence. Borrower shall keep the improvements now existing or hereafter erected on the ,
<br /> � Property insured against loss by fue,ha2ards included within the term"extended coverage"and any other hazards,including
<br /> floods or flooding, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the
<br /> FarmJ027i 9�90 lpaqe:oJ6poRerl '
<br /> + .
<br /> 2
<br /> ,
<br /> ..
<br />
|