|
. . • .,�-P:, _...
<br /> �••,r�: +«+ian�aa.;v.,,__ .. -
<br /> . .,.,..._ �
<br /> _ _ _ � _ _ . . ---- - _ --
<br /> .
<br /> � �� J'!� Ja.�,rrife �l�f 7 .. . . ..
<br /> ����...�.__�....._._....__�.. _ � __._ . __ _ ___ �
<br /> ��- �.t���
<br /> 'i't?G):1'HP'.ft Wi ii�!a!I�hs improhci�kn�s nuw or IiereaQer erected ou�Le p��oµriy,nnd nl cascni�ntc.U�U�IilL1L'iI;11�Cw�,;i�zd
<br /> fixtures nnw or heYCa�r.r [� {u�it uP ttae pmpr.�iy. AU re�lac:a��kute and udditiuns tihall atso be cnvered by this Security
<br />: InstrumGnt.All of ttu for.cp,c�ing is rcfrrred ta in.lhis Sa;urity Inatn�nxr,t ss thc "�►nperty." �
<br /> 80RROW�R CtlV�WAlJTS ti�at 6orrowr.r�is iewfully�eisal aG¢he estatc l�eneby canveyed and has!ha right ta grant a►xi
<br /> cunvcy ii�e Fie.�:��r w�� thMf ilr t'rcp:rtp is unt:�:mberod, exscpt for cr�cumbru�ces af record. Bormwcr wArrs�nts and will
<br /> dcfc�x!Renr!r�lly the tit!�:tn ttlr.Prc�Txrty againsl nll clz�ims und demands,subject ta uny encumbrunces af record. r
<br /> TNCS S�.'CURITI�IN3TR[JMEN'I'camAinee uniform cuvcnants far nadar►pl use and non-unitarm coverwuts witi�li►����e�!
<br /> v,�ri�tlon.v by jurisdict4r�►s to cx►nsticute a unifortn�.��ecurity instru�rnnt covering real property.
<br /> UNIEQRM COYLiNAldTS.Bonawcr ancl�I.tnd=r covenant and agrtc as follows:
<br /> 1. Payment alI Prinmi�l u�d Intereall F1+epwyma►t �nd Late �h�a. Bonower shall promptlY EsaY wlxn due the
<br /> princippl of�nd inter.cst c►n tt►n dcbt cvidencal by the Nae ancl any prepaymens and latc charges due under the Natc.
<br /> 2. I�nde tat T�.Y+ea And Iiuur�nce. Sul►�Rr:t to applicabk lew ar ta a written waiver by I.ender, Borrower shall pay to
<br />, l,ender on�be day cmranthlj��yments nre du�under the Notc,until the Nota i�psid ln full.a sum("Funds")for:(u)yeuriy taxe�
<br /> end susessments wh.tr.fn inay attain priority nver d�is Sx�►rity lnstrument as a lien on the Praperty:(b)yearly leesehold prymrnts
<br /> or growxl ronts c+�tE��:Pra}�ny.iF any; (c)ycnr�y hazanl or pmperty insurancz prcmiums;(dy yced�r fload insuranco pretrdums,
<br /> if any;(e) yexrl;��r,rnrtga�n insuraitice pr�miume, if any;an�l(�any sums pays�ble by Honnw=r to Lender. in accordAnce with
<br /> the provisi�xu aK�ragrsph•R, in lieu of the pnyanent of mortgage�nsurAnce pr+emiuins.Thex items are callod"Fscrow Ittms•"
<br /> t.errcler may, at anf t�me, a►11cct and Ibld Tunde in rn unount not to�xaed the m�ximum amount a lender for a federally
<br /> re!»t�enrrt;n�k+sr�n2ay.ro�uirc fo� !zc�erow«r'��.cerow accoune under the foderaf Re,al Estate Setder�nt Rncedures Act uf _
<br /> 1974�a arnende.�fr��nn timn to tin�s. 12 U.5.C..Soction 2601 et seq. ("RFSPA"), unless another law that appli�s to the Eunds
<br /> Fets a lexscr sir�lmt. If sn, I.cnder may, at any time, rnlixt and hald Funds in an amount �wt to cxcad tho less�r amount.
<br /> I.ender may esti�rtnt�t�M Hm�unt of Fund:�dua un the basis nf current data and neasonable estimates of expenditurcs af future
<br /> Escnow Items cm�xt�rwixo in acwrd�nce witt►apnlicable law.
<br /> Thc Funtls sh.�ll t�e Flcld in w� institudon whose de.posits are insared by a federal agcns:y. instrumentality, or entity
<br /> (including�Lcnrb:v,i�'l,crwtnr iF such an institulion)or in eny Fedcr�l IF1ome Loan Banlc.L.ender sl►�11 apply the Funds to p�y the
<br /> Escrow Items. C,cnder mA}r not chargo Fiornowen far holding and s�,ying ttie Funds.annu�lly arwlyzing the escrow scawnt,or
<br /> verifying thc�:�:row ltemx,unless Lcnder paye.qorrowcr intercst on the Funds and applicable law permits Le�der to m�lce such
<br /> n chuge. Hoiv.ever. l.,ender.may rcquirc 8ormwr:r to p�y a ono-time charge far an indepencknt ral estate tax�+epo�ting servia
<br /> used by Le.n�f+sr in c�nncctlon with this lonni anles.g appiicable R�w pmvides othtrwise. Uflless an agreement is made or
<br /> . Mi��hlr.(:�w�+rnutir,�v intcrost tn bc naid. Lcnder ah�ll nol bc r�uiTOd to pay Rorrower any interest or eaminps on the Funds.
<br /> • �wrower ai�i i..cnd+�r may a�rce i��writ}ng,however.that interest shall be paid on the Funds. T.�nder shall give to Bnrrower,
<br /> Mithout cha*.ge. an anr�ual.accaunting of the�tuds. showing credits end debits to the Funcls and the purp�se for which eac]�
<br /> debit to thc Faaxi.y wxs mAAe.The Funds arc plcnig�d as sidditional socurity for al!sums securod by this Security[nsuument.
<br /> If the Fue�ix hcld Gy Lc»dcr ez000d thc nnwunts permittod to be held 8y applicable Iaw. C,cnder studl account w H�xrowtr
<br /> for the oxccsn k'undy in aceordance witt�ti�c mquiroments oP applicnble law.[f trie amoant of the Funds held by I�erider aR�uty
<br /> tirt�is not sud'F.ir.ient to puy the Escrow Ttcma.ahen due,I.ender mny so nocify Hort+ower in writing. and,in such case Aorrower
<br /> �tlall p�y to F�ti�:► ti�di��ar�:��w���.a�ake up the deficiency. Borrawer shall m�lce up the deficia�cy i� no erwre than
<br /> tweive mont�ly pay�nents,at Lendet's solc diMiretion.
<br /> Uponi paiynxnt in full uf a11 sw�ay sc+:�ut;�1 by tl�is Socurity Instrument. Lender shal! pc+anptly refund to Bort�ower any
<br /> Funds hcld�by Lernier.If,i►nder pangrepfi 21. Lcnder shull acquinc�or sell th�Property.Lender.prior ro the acquisition or sale
<br /> of the Prc�erty.shatl apply any funds t�eld�by Lencler at tt�e timc ro�'aaqcisidon or sale as a credit agxi�sst the sums secured by
<br /> ehis Securit�Ir�vtrumeM.
<br /> 3.Apq�pr,�tden of Ppyrnents.Unless nppltcable lew provides othe�wise,all payments roceived by[.ader under puagraphs
<br /> 1 �d 2 shuli li�a�lied:•�i�:u, to any p�pn��ment chug�,+due under the Notc: s000rni�to arnounts p�y�ble�snder p�ragc�ph 2:
<br /> third,to int�snest du�::fou�;ta prii�ci�►xl dur.,and last,to uny latc zharges due under the Note.
<br /> �.�pp�,y;Wip�,�omower shall pay al!t�uces,a�.xssmenu,ctwrgcs, fines and imp�sit�ons attributable ta the Pmpeetty
<br /> which mxy.r�ttui�ti priorit�o�er this Socutily Inutvtt�t�t. and leacehold prymer►ts or ground rer.ts. if any. &►rrower sha(1 p�,y.
<br /> tlxso obfigMi�7t�e itt tF►e mAmxr providt�d ici paragropk,.2,or if not prid in thxt mutner,Borrower shall pRy th�m on time dirxtly
<br /> _ to rhe persc;+��owctid paymeni.Hornawcr shnil prompt9�r fumi�l�to Lende�all noticss of uraon�s to he p�id urder thls psragrs�h.
<br /> If Horrnwui�mnllcy tt�se payments diroctly,Borrowcr sriall promptly fumisi�to Lender rxeipts evider�cing the pAynx,nts.
<br /> 9orsc+wer shnll promp�ly disct�ar�e nny lien which has p��iority ov�r this Security Instn►me:nt unless Borrower:(u)agrees ir�
<br /> writing t�!��jie p�uynxi�t of ttii+obligation secural by xhe tlen in x m�imer.s�cce�table tu Lencler; rb)ccmtests in good faith thr:lien
<br /> by, or de±(tt�td� egainst �rafarccmcnt of thc lien in,�f�egal proctialings which in the f.erder's opinion c�,perate to prevent tRe
<br /> enfonxmesuu oP the lien; rJr�(a).secums finm the hoic�er of thc iien'un agYatnenl satisfactory to'Lender sutwrdinating thc lien to
<br /> this Sscuricy I'm��truuiunt. iF i.ender dctcimincs that any pxrt of ihe Pr�operty is subject t��aie.n whicl�may attain prioriry,over
<br /> this Secu►�ty I1�Mruntent,t.crnler ma��;ivc Borrower a nocicc iden'iifying the lien. Borrow�r shtdl satisfy the lien or takc�t�c.or •
<br /> more of cNu actiur.s set fart}�above wltbin 10 da,ys of tUe giving of natice.
<br /> - �. w�m aoze sl�o
<br /> . . , vp�Y ot e
<br /> i , . � ' � . •
<br /> � , ,
<br /> y '
<br />
|