|
� �°-.._
<br /> � :.__ `_..� .. . .. . � '�,.
<br /> - -*�•�•� - --
<br /> . c .r=r'�°zY'�'�'._ � ,� d, ` - • - .—_..�_ _ � .. -_
<br /> _ ..,:,__.._._ � � , f..�.- ..-
<br /> , ,_ � , , _ ( • . � . "t4= --_
<br /> �. .. " 1� . ... .+w"rw-�f,.rlYM/�Q4�V4N�'�-'t��a.'► }f11y/w�--M4�— M+t• -. Y --:IlaL�—L �v —
<br /> - �s.y+�i�r--a�ciS�'-� _�.,--- — -'`--'--+-��_�'...�ti=— - �..a...a. r � , � � ., c.�+J[ttilEiRi� —
<br /> gg.:. i.��` �"��
<br /> 1'Cx;�l'�1EiR WIiH�JI thc i��rove�neats now or heteatkr erxted on the properiy,aixl all easeax.nw.�purtenancws,wnd
<br /> fixwrcs now o� IxruCter a part oF thc pcopeny. All replacemenu and acWitions �1wll ulsu t+e cwveral by this Security
<br /> lnstrument. All of the fi�mgoing ic rcfcnacl to in this Sccuritv Inst�nxnt us the"Prc�p•.rty."
<br /> RORROWER COVENANTS that Eic�rraw•er is law!'ully s�eise�l ui the estate hereby com•eyed and has the right w grant and
<br /> car.vey the Pmpeny ond that the Pmperty is unencumbered, exc�ept for encumbr.uues af racard. Borrower warr.uus und will
<br /> d..fend gcn,,raily thc titl.,tn thc i'rnp::rt��againct�II citinu�dcmands,subjc�t to any cn�umbs�nccs of r.^,�or�.
<br /> THIS SE�URITY INSTRUMENT combines uniform covenants for natiot�al use und non-uniform coven�us with iiauWd
<br /> variatia�u by jurisdiction to consiitut�a ui»ion�security inst�ur�nt cove;i�r-ea1 p����y.
<br /> UNI�ORM l.'OVENANTS.Barrower and Lender covenant and ag[ee as follows:
<br /> 1. Payipeat oP Princlpal aad Iaterest; Preps,�rlaent xud Late Chwges. Borrower sliall prompti�•�n- whcn dua ttu
<br /> principal of and interest on the debi eviclenced by the lti,�.rx:,s�d any prepaymeut ar►d late charges due under thr l4.�te.
<br /> 2. �uods tor Taxes aad Insuraace. Subjcct i:.��,:4rticable law or to a written waiver by Lender, IIunower sl�all pay to
<br /> ii,;:ni;:,c•c�m r,Rr��ay manth{y payments:u�e due w�der 41k 1�ue,untii c:x Note is paid in full,a sum("Funds")tor: (a)yearly tazes
<br /> �nssesstnents which may attain priurity over this Sc��,.rity lnstrument as a lien on the Property;(b)yearly leasehold payments
<br /> vr ground rents on the PrapeRy,if any;(c)yearly haz:tr.�or property insurar►ce premiums: (d)ycarly flood inwrancc premiums,
<br /> if any: (e)yearly m�rtgagc insurance premiwns. if aay:and(�any sums payable by Bo�TOwer to Lender. in accordance with
<br /> the provisions oF parugraph 8. in lieu of the payment of mortgage insurance premiun�s.?hese icems are called "�scrow Ite,�ns."
<br /> Leader may, at any tin�. mllxt snd hold Funds in an a�:aunt �wt to exceod �he nwxinwm �mount� taxler fbr a feder,�lly
<br /> rclatod mangage toan n�y roqulro for Bomower's tscrow �count uader the federal Real fstate Settkment Prncedures Act nP
<br /> i974 nc anundod fmm tinx ta time. 12 U.S.C. Section 2C�01 et sey. ("RESPA'), unlcss suxuhcr law that u�pliu ta the�ucxls
<br /> rets �lesce�wmcwnt. If w�, l.encler nx►y, at any time, collcet and hold Furxis in un a�nount nW to excoal tlu lesse� anwunt.
<br /> l.eixfer n�ry cstintrtc thc sunount af Funds due an the baxis uf current�tu tuxl rcuuuwblo euiamtes of r.xpenditures of fuwrc
<br /> Escrow(tatu�or atherwise in�nnlxnce wit1�applicable lAw.
<br /> The Fundr ehall be heW in an inctitution whose dcpniits ure insurcd by a falera! agency, inurumentality, or entity
<br /> (including l.axkr,lf Lencfcr i�cuch an institutionl or in any Foden�!Home Ltian Bank. Lerxkr st�ull apply thc Funds to ps►y the
<br /> Eurow Itcmc. Ltnder may not charge Bomower for halding und applying tho runds,annu:illy analyting thc cscrow account,or
<br /> vc�rifying thc Escrow Items,unless l.ender pays Borrawer intcrest on thc Funds and applicab�law permits Lender to m�lce such
<br /> a ciwrge. However, Lendcr may requirc Borrower to pay a one-time chuge for zn ind:pendent real estate tax reporting servia
<br /> used by Lender in cbnnection with this loan, unless npplicable law provides otherwise. Unless an agrament is m�de•o�
<br /> applicable law nquires intuest to be paid, Lender shall not be required to pay Borrowa any interest or earnings on tne Funds.
<br /> Borrower u�d I.ender may agra in writing. however, that interest sf�all be paid on the Funds. Lender shaiIl give to Rorrower,
<br /> without charge. an annual xcounting of the Funds. showing crediu and debits to the Funds and the purper,.z for which each
<br /> debit to the Funds was made.The Funds�re plodged as�ddition�l se�curiry far all sums secured by this Seceuity incwment.
<br /> If the Ftu�ds held by Laxkr excoed the aroounts permitted to 1�held by applicable law,Lender sJ�l:�ccount to Borrower
<br /> for the excess Fwids ia acoflrdance with the requiremeats of applicable law. If the amount of the Funds he&S by l.ender at any
<br /> dr.�e is not sufficient to pay the Fscrow Items when 3ue,Lender may so notify Borrower in writing,atrd,in such cace Borrower
<br /> . . . .eF�._.?_II��tn[��I�e th�A�(M�t�wMC�a��r� t^m„��in.�S�.�t2^�.�`r�.17"�!�`w�ei�el elr����^.S.ti.G'�..:.F�j :.^. 'L..^..^'...^.�.L�S°�T.
<br /> twdve moothlY PaYments.at Lender's soie disctetion.
<br /> Upoa payment in full of all sums s�..-�scad by this Security Inswment, Lender shall prnmptly refund to Borrowu any
<br /> Funds luld by Leixier.If.undu paragrzph 21,I.en�er sl�ll xquiro or sell the Property, Lender,prior w the acquisition or sale
<br /> of tIu Prope�ty,shall�pply any Fuads held by I.es�aR ttu tiu�e of acquisition or salc.as a�redit againsr tt�sums secured by
<br /> this Socuritv Instrucntnt.
<br /> 3.Appticatbn of Payments.Unless a�plicable law pro�ides 0therwise.all payments receivod by Lender under paragxa�hs
<br /> 1 and 2 shall be applial: fini. to anY P�Y�charg:s due c.�3er the Note: second,to acryounts payable w�der para�rapt►2;
<br /> third,to interest due;fourth,to prinipal due:and lase,w any lue charges due under the Note.
<br /> 4.C4ar�es;Lteac. Borrower shall pay�ll tax�s,assessments. charges,fines and impositions atiributable to the Pnoperty
<br /> whieh may atuaia prioriry over this Security�Instrument, and IeaSehold payments or ground rcxss, if any. Borrowtr shall pay
<br /> these obligations in the maruur provid�si:;a paragraph 2,or if not paid in that ma�u�er.Borrower st�all pay than on time directly
<br /> W the person owed paymrnt.Borrower shall prompdy furnish tu I.ender all notices of unounts to be paid under this paragraph.
<br /> If Borrower tnakes these payments directly. Borro��er sY�all promptly furnish to L.ender reoeipts evickncing t�'u p�yments.
<br /> Borrower shal!promptiy discharge any lien wh�h has priority ov�r this Security Instrument unless Borrower:(a)agras in
<br /> weiting to the payment of the obligatio�n secured by a'�e iien in a manner acceptable to l.ender;(b)contests in good faith the liea
<br /> by, or ckfends agunst enforcunent 0f the lien in, legal procerdings which in the Lender's opinion operate to prcvent the
<br /> enforcement of the lien;or(c)socures fnxn the holdes of the lien an agreement satisfactory to Lender subordinating the lien to
<br /> this Securiry Inurumau. If I.ender determirres tHa,t aa}part of tha Property is subject to a lien which m�y utain priority over
<br /> ttsis Security I►�strument, l,ender may gi�e�orrower a r.otice identifying the licn.Borrower shall satisfy ti�e tien or tslce oae or .
<br /> more of the acxions set forth above wic�lU days of tt�e giving of notice.
<br /> • Fam 3028 �180
<br /> wo.saa
<br /> .i - ' i
<br />
|