|
`�y�F+����' • , �,1� t�,��`� ��
<br /> � ' � �s',•+ � ' _ •si�•�,�9.�'• , ,� '� , -�.r w—•�{eyy�a. -- _ r=--
<br />. �.�]+ '• .. . .(� ::t.:•.�t. .. r� .*. __' ��� �A ..
<br /> �Lk ". _. " ' .r� J.}.1.�t',��� _ . ^. R'1'.r'1 1�}�'i ,� '_
<br /> SlE -�' - ..1. - -,� _ .a� �'lll'�1---.l�._'�,....�cs � W'^Oif._
<br />- '7 , . - - — - e...w �--• , _. �.-ti�1y Y�.;�;ar
<br /> � • •-� `f� � .::�?
<br /> �__.. � .. .. .. ..�.a..�.. . .. _
<br /> "_�._�__ � --- _: "_.._
<br /> .._��._ .-"�^u�M+�.t.+� `•_ —
<br /> � .� 92— lo��� �T�--
<br /> ' � , ' TO(3Bff�BR WITH all lhe improvemantR now or hercofta erected an�he propertY.and all ea�cmenla,uppunenances, ��wrs �
<br /> and ilxtureY now on c�rc�Qer�part ot thc propeny. All rcplaccmenls and addiUona shall alco bo covercd by�hi�Security �� "�`���,,,�
<br /> ' � . � � 1 Inurument. All oi U�e forcgoing i�mferted�o in this Securlty In�nvment as the"Property." r -
<br /> r �,� ; ,:.. ,N:�.,:��
<br /> BORROWBR COVENANTS that Borrower is lawfully selsed of the e��ate hcrcby convcyed and has�he right to grant �. , ;.;,, �. �
<br /> �.. and convey the Property and�hat�he Property is unencumbercd,except tpr enrumbrancen of rccord. Sortower warmnt�pnd . • : •
<br /> wlll defend generally the dlle to the Property aBainat all clafnn and demunds.subJect�o ony eacumbroncee of iecord. '
<br /> THIS SECURITY INSTRUMENT cambines unifotm covenanta for nwtianel use and nan•uoiform covenanls with i•,,,,,_f� -°••—_
<br /> �:...��— .
<br /> ' � limited variAUon:by jurisdictfon toconsdtute A unifartn secudty instNment covering rcal propenY• E�_i��.r;r�.es��..�
<br /> � � UNIFORM COVENANTS. Borrower and Lendes covenam end agmn as folioww: " " :...
<br /> 1. P�yment of Principal aad Interest;Prepayment�nd Late Chp�ea. Borrower shall pramptly pay when due�he � � ��
<br /> ' pdnclpal of and intercst on the debt evidenced by the Note nnd any prcpayment and Irte chArges due under Ihe Nate. � -
<br /> � �,,....,.,w
<br /> ' 2. Fbnds tw 71uca and laauranee. Subject to applicable lew or to a w�itten wAiver by i.ender.BoROwer shult puy to ,
<br /> . Lender on the day monthly paymontb are due under the Note.un[il the Note is paid in Wl1.a sum 1"Fwuls")for:(ul yearly c
<br /> taze�a�d asscssments which msy qttain pdodty over this Secudty Instrument aa n lien on the propeAy:(b)yeuly leasehold
<br /> . 1 p�rii�cui"s vi�i'vUita i�itib ��� Lttt A^'Jr:'!�. �f 4!!�': (C) y��rlv h���rd nr nro4feAy insurance vremiums: (d) Yearly flaad _�_�-,�.�,.;�,:_.,
<br /> � nsumnce romiume. if en (e) yearly mort a e insurance rcmiums, if an arid(11 an sums able b Borrower to �� �•��'-�������+w•
<br /> . � + p Y: 8 B [� Y� Y W+Y Y �`,� 1E asy��s.s_,
<br /> Lender.in ucrnrdancc wlth tha provisiona of pnmgraph 8,in lieu af the payrt�eM of mo�tgage iaswnnce premiums. Thcse � .',�?.•. ,•,�y��„���•
<br /> ikm�are callcd"Escrow Ilems.' Lender may,at any time,cnllect and Iwld Funds in an amoont not�o eaceed Ihe mnximum �!�.V :�����,:_
<br /> � amount a Iender for a federally related mongage loan may requdne(or Borrower`a escrow accormt under the federal Real k� • ,
<br /> � Fatate Settlement Procedurea Act of 1974 es amended from lime tv 6me.I 2 U.3.C.$2601 et seq.("RESPA"),unless aaother t �.:,N
<br /> low�hat spplfes to the Funds sets a lesser amount. If so.Lender may,at any time,collect and hdd FLnds in an amount not to :_.�.,���.
<br /> ' , .� exceed �ho lesser amount. Lender moy esdmate the nmoun�of Funds due on the besis of curnnt daw nnd rcasonable _ '�.._.-___
<br /> . e:iimates af ezpenditurca of future Escrow Items or otherwise in�ccordance with applicable Inw. *`� .? '��; ;:
<br /> .;•i; .; The Funds shall be held in an insNtution whose deposits �ue insured by a federal agency, instrumentality,ur enlity � : _
<br /> . � (including l.ender,ff Lender is such an institution)or in any Federat Home Loan Bank. Lender shall apply the Funds to pay
<br /> � � '�'�--
<br /> � '• �he Escrow Ilems. Lender may not charge Bortower for holdiag and applying the Funds.a�ually anulya.ing the escrow �:��•
<br /> � ncraunl, or verifying the Escrow Items, unless Lender pays Bortower inlerest on the Funds aod applicable law permits �� .__
<br /> I l.ender to make such a charge. However,l.ender may require Borrower to pay a one•time chuge for an mdependent real � •,_,_
<br /> estate tax reporting service used by Lender in wnnec�ion wilh thia loan,unless opplicable law provides olhervvise. Unless nn "-''-
<br /> � . I egrament is made or applicable law requires interest to be paid,Lender shull not be required to pay Borrower uny interes�or - ��`"'
<br /> ...�,.._.
<br /> . j earrdngs on the Funds. Borrower and Lender may agree in wri�ing,however,thal interest shall be pafd on the Funds. Lender =� '�_
<br /> �=-.
<br /> .:���:;
<br /> shall give to Borrower,without charge,nn annual accounting of the Funds,showing crcdits and debits to the Funds and�he : • •:�R�
<br /> purpose for which each deblt to 1he Funds was made. The Funds are pledged as nddilional security Por ell sums secured by � ,�,�,,:,y��`
<br /> • �his Securiry Instrument.
<br /> �� If the Funda held by Lender exceed the amaunts permfUed�o be held by upplicuble low,Lende� shall s►ccount to { -,:�.-�.�j��'
<br /> - 9arrowrr f!�r thP�x�ess Funds in accordance with the requirements of applicabk law. If the emount of the Funds held by ' •�1.'�"�'..
<br /> Lender at eny lime is not sufficient to pay the Escrow Items wheo due,Lender may so noufy Notrower m w�riting,and.i� ;- � °.; ,��
<br /> such case Horrower shall pay to Lender the amount necessary ta make up the deficiency. Bortower shall make up tAe i. •;:;�;,
<br /> � deficiency in no more thnn twelve monlhly payments,at Lender�sole discrction. •,
<br /> __ • U p o n p a y m e n t i n f u l l o f a l l s u m s s e c u r e d b y t h i s S e c u r i ry I n s t r u men t,Lender shnll pmm p tl y refund ta Borrower any ' ' ' �
<br /> Funda held by Lender. If. under parngraph 21,Lender shnll acquire or srll the Praperry.Lender,prior to the acyuisition or '
<br /> 'i, sele of the Properry, shall apply uny Funds held by Lender at the dme oF acqulsitlon or sale as a credit ogainst the sums � ��,
<br /> ' ' secured by ihis Secu�lty Instn�ment. �` �L�°
<br /> �,. ,'' 3. Applkallon of PAymenta. Unless applicable law provides atberwise, ull pnymanla received by L.ender under
<br /> ' • paragraphs I und 2 shnll be applied:first,to any prepayment chnrges due under Ihe Note;secand.to nmounts puyable under � `��t•_-
<br /> � paragraph 2;third,to inlerest due;fourth,to principal due;and last,to any late charges due under the Notc. ,;,�,���
<br /> 4. Char�esi Lieas. Bomower shall pay a11 taxes,assessmen�s, chnrges, fines nnd imposilions attribuwble to thr
<br /> Property which mey attnfn priorlry over this Security Instrument.end lensehold payments or graund renls,if uny. Borrower
<br /> � � ahall pay these obligations in�he manner provided in paragtaph 2,or if not paid in that manner,B�xrower shall pay Ihem on
<br /> • ' ilme directly to the person owed peyment. Borrower shell promptly fumish to Lender all nolicea af amaunts to bc paid under
<br /> � � I Ihis paragraph. Ii Borrower makes these payments directly, Borrower shpll promptly fumish to Lender receipts evidencing ,.. �: .•
<br /> � ', �he payments.
<br /> � $orrower shall promptly dischurge any lien which has priority over this Securily Instrument unless Borrower:(u)agrees
<br /> � In wridng to the p�yment of the obliga�ion secured by the lien in a manner acceptable to Lender,(b)contests in gaod faith the •
<br /> " lien by,or defends ageinst enforcemenl of the lien in,legal proceedings which ln 1he Lender's opinion operate to prevent the
<br /> - ' � enforcemeM of the lien;or(c)secures iram the holder of the lien an agreement satisfactory lo Lender subordinating lhe lien ..
<br /> , , � to this Secudty Instrument. If Lender detem�ines that any psut of Ihe Property is subject to a Ifen which may attain priority
<br /> ' , � over this Secudty Inswment,L.ender may give 6ottawer a notke identifying the lien. Bortower shall sntisfy U►e lien or take
<br /> one or more of the actions set forth above within 10 days of the giving of notice. .
<br /> � 5. Hozard or Preperly Insurance. Borcower shall keep the improvements now existing or hereafter erected on 1he
<br /> Properly insured against loss by Cre,hazards included within Ihe tertn"extended coverage"and any other hnu►rds,including
<br /> floods or flooding, for which Lender requircs insurance. This insurnnce shnll be maintained in the amounts and fa the
<br /> Fbrnl]D28 919D Ipo1Qe 2^1 e/roQ�sl
<br /> �� ..
<br /> _ ; :, � ' .
<br /> � ,
<br /> � •
<br /> �_
<br /> _ -- � .
<br /> '
<br /> • I
<br /> - --=-'i1�f ,
<br />
|