|
_ P .�..._._..
<br /> _ _
<br /> :�r.-,..-�..-_�.____.._ -, ---. �;.;.����.::.;,.. .�:.� : _
<br /> � . ; .�«n � � ' -
<br /> ;'� • :r•.
<br /> ;��,. .� - -- __� -�_
<br /> ,'�.4_ LL�.�
<br /> 9Z- 10555'�
<br /> �"- TOUE71iFlI WlTH all tha improvemeutc no'H o�hereafter erwted on 1hc pmperty,ond all casememR,appurtenuncex. �_-
<br /> wtd flxtures now or hereafler a part of the propetty. All replacements and additiona shall�Ic�be covered by thic Secudty
<br /> Inrltument. Ali of the faregoing is rcferred to in thiR Security lestrument as the"Propeety."
<br /> BORROWER COVENANTS that Borrower ia lawfully aciced oi the estate het+eby conveycd end hos the�ight lo grant �-_
<br /> -�•�:�s� und convey Ihe Property and that the Property ia unencumbered,except for encumbrances oF recard. B�xrower wartants ond
<br /> s+� will defend 4enerally the title to�he Property a�ainst dl claima and denu+ndc.�ubJect to any encumbrances of record. .F_;.
<br /> � TH15 SECURITY 1NS'1'RUMENT combines uniform covenunts for nwtiorwl use and non-uniform covenants� wfth
<br /> ��....�,���
<br /> - =�s - _ _��...
<br /> ----- __�
<br /> - - Itmitod vuialiuns by juribdictian to conbtiwto a uhiform secu�ity instrument cov ng re property.
<br /> .� . ,:R, UNIFORM COVENMITS. BoRawer and Lender covenent and agree as follows: -
<br /> --��wa��'���=a �, p�y�ot of Priactpal And Iateresti�epayment and Lok Chat�e9. Borrower shull promptly poy when due Ure _
<br /> -••--:- principa1 af And i�terest on the debt cvklenced by the Nate and any prepayment and late chorges due under thc Note.
<br /> ---°---��-�.;,� �. Ftiads for 71�xes And Insurance. Subject to applicable law or to n wrltten waiver by L.ender,Borrawer shall pay to
<br /> �-- _�_^� Lender on the day monthly paymcnts are due under the Note,untii the Note is puid in full,a sum("Punds")for:(n)yeuriy 6=
<br /> taxes and assessments which mey attain priority over thia Secwity Instrument as a lien on the Propeny;(b)yearly leacchold
<br /> _,� payments or ground renta on d�e PropeRy.if nny: (c) Yearly haznrd or Property iasurnnce premiums: (d) ycarly flaod
<br /> ___-.-._.�,�. insurancc premiums. if any; (e) yearly moAgage inaurnnce premiums, if ar�y; and (�any sums payablc by Borrower to
<br /> ------=,t� l,ender.in accordunca with the provisians of paragreph 8,in Ifeu of the payment of mongage insurance premiums. These _
<br /> �::��.. -�,���: �
<br /> -i items aze caHed"Escrow Items.' Lender may,at any time,collect and hold PUnds in cin amount not to exceed the maximum
<br /> --`—�"-=�-'_ amount a lender for a fedcrally related mongage loan may requiro for Borrowerh escrow account under Ihe fedcral Rr.�l �
<br /> `-- - Estate SelUement Procedu�es Act of 1974 as wnended Prom tlme to tfine.12 U.S.C.5 2601 et seq.("RESPA").unless s►nother —.
<br /> -L����� !aw that applies to the Punda sets a lesser amount. If so.Lender may.at any time,collect and hold Funds in nn amount not to �_-s
<br /> --- - __��::��,4� excxed �he le.gser amount. Lender may estimato thc amount of I�nds due on the basis of current daw and reasonpble _
<br /> --- estimates of expenditures of future Escrow Items or otherwise in accordance wilh Applicable law. �:,.
<br /> -- _?�r�:�7:��^�. The Wnds shall be held in an institudon whose dcposits are insured by a federal agency, instrumentality,or eapty =_-
<br /> _ �m ' (including l.ender,if Lender is such pn institution)or in any Federnl Home Loan Bank. Lender shsill apply the Funds to pay �;_
<br /> : �.;;;`�". . _
<br /> � • r•• ��•r. ''�;� the Escrow Itema. Lender may nat charge Borrower for holding and applying the FLnda,aonuully annlyzing �he escrow �
<br /> ,�;�,��,r� , :
<br /> -,;.�r_K"�3�;E ,- • account,or verifying the Escrow Items, uniess Lender pays Borrower interest on the FLnds and applicable law permits
<br /> �'`�"���z°'= • Lender ro make such a charge. However, l.ender mny require Borrower to pay a one•�ime charge for an independent real ��_
<br /> •:��;��'�,�, eswte tax reporting service used by I.ender in connecpon wlth this loan.unlecs applicabl�law provldes othenvise. Unless an
<br /> ,X� a rcement fa mnde or licablc law uires interest to be nid,Lender shall not bc required to pay Borrowcr any Inte�s�or �'-`�"'
<br /> - 'v�<.''� �`�� 8 +�PP �1 P --
<br /> ��, eamings on�hc Funds. Horrower and l.ender may ngree in wrlting.however.thet interest shall be pnid on the Funds. Lender -----•
<br /> - �„:.w shall give to Borrower.wilhout charge.an annusl accounting of the Pl�nds,showing credits end debits tu the Funds and the °-�
<br /> -• •� -�,''•�.�,,;-��,�� �� pwpose for which each debit to the FunJs was made. The Funds are pledged as additional security for all cums secured by --
<br /> _�et�.�:R., thir Security Inawment.
<br /> -�:,�v:.r.;�.:Y:��=� Ii ihe Funds i�c13 by i.endcr ezceed ihe asnauats pesmisted to!x htld by epplte�ble lew, lendpr ahall aeeeunt to
<br /> - ° ...� .� Bortower for the eacess Funds in uccordance with the requirements of appliceble lew. (t the amount of the Funds held by
<br /> ` �' " � I.tnder at �ny time is not sufficient to pay Ihe Escrow Items when due,l.ender may so noUfy Bo�rower in writing,and,in
<br /> - - ,,, 'x �,.,•• ,-,�y such case Bonower shall pay to Lender the amount necesstuy to make up 1he deficiency. Borrower shall make up�he --
<br /> _�-� o „ '����^ deficiency in no more lhan twelve montbly payments.ut i.ender�s sole discretion. _
<br /> ,�� , Uponpayrnent in full of�II sums secured by this Securiry instrument. Lender shall promptly refund to Borrower any
<br /> - P1mds held by l.ender. If,under par,�graph 21.Lender sh�ll ncquire or sell the Properry. Lender,prior�o�he acquisition or
<br /> -=:z�, �^ •.,.,.,,,_,,r1 sale of 1he Property.sh�ll upply any Funds held by Lender at the lime of acquisition or sale as a credit against the sums
<br />._�� '`��:.. , .:bL,Y0... secured by this Security Insnument.
<br /> ,,�,��,x w„h.._,,. 3. ApplieAtion of Payments. Unless applicu6�e luw provides otherwise,all puyments�eceived by l.ender under e,.,-
<br /> _::_-� paragrnphs I nnd 2 slwll be applied:flrs�,to uny prepayme�t chArges due under the Nae;second,to umounts payable under
<br /> ���,;; '. �Jz+����.;,� pat�graph 2;�hird,to interest due;fourth,to principnl due;and last.to uny lote charges due under the Note.
<br /> . c• _:�- —
<br /> � 4. Charges; Ltena Borrower shall pay all tsuces, asscssmems. charges, 6nes cmd impositions attributable to the _
<br /> � ,�`' ` � '"y,�;. . Property which muy atuun priodty over this Secu�ity Instrument.and leasehold paymems or grcwnd rents,ii any. Bomnwer
<br /> :- �.,d,a.fr�,•-�.n shall pay these obligations in the manner provided in puragraph 2,or if not paid in that manner.Borrower shall pay them on
<br /> time directly to the person owed payment. Horrow�er shnll promptly furnish ta Lender all nolices of amounts to be paid under
<br /> _ ' ' �� '.�'� ��' this parng�aph. If Bomower mekes these paymen�s directly,Bomower shall promptly furnish to Lender receipts evidencing r•
<br /> . . ..:r�;;:��:r�. Z' Ihe payments. --
<br /> � � Bomower shall promptly dischurge any lien which has priority over this Secu�ity Instrument unless Borrower.(a)agrees
<br /> ._a..:.:W��".:�::' in wrlting to the payment of the obligntion tiecured by the lien in a manner acceptable to Lender;(b)contes�s in good fsiitb the �
<br /> 'r"� � � lien by,or defends against enforcement of the lien in,legal praceedings which in�he Lenderl opinion operate to prevent the
<br /> �'=�'��# •'�" `; enforcement of the lien;or(c)secures f�m�he holder of the lien nn ogreemen�sa�isfactory to l.ender subordinating the lien --
<br /> ,� :-„ .
<br /> . .,:�:;. :,
<br /> to lhis Securiry Instrument. If Lender determines that uny part of the Property is subject to a lien which muy attain priority �-
<br /> :�� :�i,r;,;t� . over this Secu�ity Inswment,Lender may give Borrower a notice idemifying Ihe lien. Bortower sh�ll satisfy the lien or lake _
<br /> •��-�y.�•;;r`S'' . one or more of tFie uctions set forth above wi�hin 10 dnys of the giving of notice.
<br /> • , .� 5. Ha�rd or Property Insurance. Borrower shull keep the improvements now existing or herenfter erected on the ��+�
<br /> • Property insured against loss by fire,hazurds included within Ihe tertn"eztenJed covrrage"and uny ather hazard�,including L
<br /> i' -„a . flaods or flooding.for which Lender requires insuronce. This insurance shell be maimained in the amounts and for 1he
<br />.. ' ,. � • Fas Ju2Y 9/90 ��►�pa:njnp,ogss► �: •,
<br /> �-
<br /> ; c� • • , --°
<br /> .. :` � .. �� . ' ���
<br /> � � . � —r:�: ��- - '-° . .� . � � � .. _._.....-_....� _
<br /> -31`J(��:_L�:_1'_ .. . . . . . _.... . _. . . .. _. _
<br /> ' •�
<br /> v +� ' . . .
<br /> ' �
<br /> �
<br /> �t, , � ' .. ` 1
<br />
|