|
— , ..� . t. ,{ �.�.�,� ., n ±r�`}-_°
<br /> . � � .. ... :,':�µ ��'�� . , � . ... . .
<br /> ., '! :wv, -- ' .-
<br /> 92— sos�o ---
<br /> `� TOCiE7NER WITH all the impravementc now or hereaftcr crected on Ihe propeny,n��d all cascmentK,appunenonceq,
<br /> �nd fixturea now or hereof'ter a p+ut oP Ihn proporly. All replacemcnts and addilions ahull al�w ba covcred by thiR Secu�lty
<br /> �,;,,;� _ Inotrument. All of the foregoing is rcferred to in thi�Security Inspumcnt�the"Property."
<br /> _= °----- — B�ARaV1GR COVLf1AYT5 t��at Bcr•a:vcr is laxfulty scised of thc estate ltetcby conve3�cd an�1 hna th��i�ht tn g�ant
<br /> : ., Q and convey the Property and thut the Property is unensumbered,except fur encumbrnnces of recard. Bortower warrAnte end
<br /> wlll d�fend geneMly the dtlo to the Property a�ainst�II elaims and demenda,subJect ta u�y encumbronces of record.
<br /> o , ,,,, THIS SECURITY INSTRUMENT cnmbines unifarm covenants for naUonal usc and non•uniform covenants wfth
<br /> "�8° , limited variationa by jurlsdiction to eonsulute w unifurm security inatrument coverfng real property. �
<br /> �s.. � UNIFORM COVENANTS. Botrower and Lender cavenanl end agree as follows:
<br /> " � ,,,�;�;;._�• .-,�. 1. Payment otPrindpal aad lnterest;Prepayment wnd Lpte Chorgea. eorrower sbull promptly pay when due 1he _
<br /> _ _ `; , principal of and interest on the debt evidenced by�hs Note end a��y prepayment end late charges due under�he Note.
<br /> ,� 2. Ftiade tur 7hxes and lasurpnce. Subject to applicable law or to a written wniver by Lender,Borrower sholl pay to
<br /> -�t+�..._, r- ��• L,ender on the dey monthly paymcnts ure due under thc Note.until the Notc is paid in full,a sum("Funds°)for.(a)yearly
<br /> �.o.,.�.....:,.
<br /> ��►��'�•��� �'- taxes and axsessmentx which may attain prfodty over this Secudty Instrument as a lien on the Praperty�(b)yearly les�sehold
<br /> ��;� -`� � payments ar ground rents on the Property, if any: (c) yearly hazard ar properry insurance prem�ums; (d) yearly flood -
<br /> �^' `r T� ,�; inaurance premiums. if any; (c) yearly mortgage inAUrancc premiums, if any; end (�any sums payable by Borrower to _
<br /> =-"'� ��� ' L.ender,in accordance wi�t►the provisions of paragrnph 8,in lieu of the payment af mortgage insurance premiums. These
<br /> � ' ' "' items are called"Escrow Items." Lender mn ,at an time,collect and bold}•lmds in an amaunt not to exceed the maximum
<br /> •,r=.-.�.,�...:,., Y Y
<br /> �.,,_:,. . •� Y ' amount a lender for a federally related mongage loun may require for Barrowerk escrow account under the federal Renl
<br /> p �'�� '•�"'"``°�'''�•' Estate Settlement Procedurea Act of 1974 as amended from lime to time.12 U.S.C.�2601 et seq.("RESPA"),unless t►nother
<br /> —�°,. . r�•.:- < <,+�
<br /> - _���i!*��°�• .4�r�;;. � !aw that Applies td the Pbnd�sets a Iesser amou�t. If so,Lender may.nt pny time,collect and hold Funds in an umount not to �_
<br /> "''��'- I�I` - �` ` exceed the Icsser amount. I.cndcr muy estimute the amount of Funda due on the busis of cuRent data and reasonable __
<br /> -�;:�.: :• . f ^. � eatimates af expenditut�es of future Bscrow Items or otherwise in acwrdance with applicabie IAw. _
<br /> , ; . • • The FLnds ahnll be held in en institutian whose deposits are insured by a federai ngency,instrumentality, or entity �
<br /> ��.�. � (including Lender,if Lender is such un institution)or in any Federal Home Lonn Bank. l.endcr shall apply the FLnds to pay - .
<br /> ,,s��,, the Escrow Items. l.ender mny not chorge Borrower for holding aad applying the Funds, annuully annlyzing the escrow —
<br /> -�-= accaunt.or veriiyi��g the Escrow ltems, unless l.ender pays Borrowe�interest on the FUnds and applicable law permits _
<br /> -`' ' • � . ,,,��., I.ender to make such a churge. However,Lender muy require Borcower ta pay a one-time charge far un independent real
<br /> ::�"�� 6 ' '�� estate tax reporting servfce used by Lender in connection with thiR loan,unless npplicAble law provides otherwise. Unless en =___
<br /> - �• '• .Y :.:'... •• �, agreement is made�r applicnble law requires interest ta be paid,Lender shull not be required to pay Borcower nny intcrest ur `,_.
<br /> -:;::'��; ' � carninge on the hl�nds. Borrower and I.ender may agree in wridng.howcver.that interest shall be paid on the Funds. Lender =_
<br /> -. y�• �,�, shall give to Borrower,without charge,an annual accounting of the F1mds,showing credits and debits to the Funds and the
<br /> - '- _ °��� p u r p a s e f o r w h i c h e u c h d e b i c t o t h e F u n d s w a s m n d e. T he FunJs are pled ged as addiUonal securiry for ull sums secured by �
<br /> . '�_ ' -::�:���......-___-:4� this Security Insttument.
<br /> - --_ - -_-�- lt tha hunds neid by Lencier exceed �he amount� �u�iiitad io be held by appl3c�ble la�s, Lender sha!! a��roum �o ____
<br /> : • ,�• � . ' Barrower for the excess Funda in accordunee wfth the requirements of applicable law. If the amount of the Funds held by
<br /> , ,, • ^ Lender at any time is not suffirient to pay the Escrow Items when due.Lender may so notify Borrower in writing,and,in _ _
<br /> ,_,y. .��" �.';' "�� such case Borrower shnll pay to Lender the nmount necessury to muke up the deficiency. Borrower shull muke up the
<br /> _ �, s ' deficiency in no morc then tweive monthly pnyments,ot Lender's sole discretion.
<br /> -�= '�' � Upoa payment in full of nll sums secured by this Security Instrument,Lender shnll promptly refund to Borrower any
<br /> -� � • � � � Funds held by Lender. If,under purngrnph 21,Lender xhall ucquire or sell the Ptoperty,Lender,prior to the ncquisition or
<br /> -� - sele of Ihe Property, shall apply nny Funds held by Lender ut the time of ucquisi�ion or sale as a credit againsl Ihe sums �'-
<br /> - _.;:.•_;. secured by this Securlty Instrument.
<br /> � ° � 3. Application of Payments. Unless npplicable Inw provides otherwise,all payments received by Lender under
<br /> - i � � �'-��:r peragraphs I and 2 shall be applicd:first,to uny prcpnyment charges due under the Note;sccond,to amounts payable under �- `
<br /> `'d �+'�=•H-'-��"t1�- aro ro h 2;third,to interest due;fourth,ro rinci al due;end last,to an late char es due under the Note.
<br /> �,., . P 8 P P p y g --
<br /> �... ' , .,� " 4. Cbarges; Liens. Borrower sholl p�y nll taxes,uxsessmems,churges, fines ond impositions attributuble to thc
<br /> : -rrv ^. , Property which may ultain priority over tbis Security Instrument,nnd leusehold payments or ground rents,if any. Borrower
<br />"-:�� � `.�„ shull puy these obligntions in Ihe manner provided in puragmph 2,or if not puid in that munner,Borrower shall pay them on _.�_
<br /> ��.. � ��;:;,�•: �: " Ume directly to the person owed puyment. eortower shAll promptly furnish to Lender aq noticcs of nmounts to be paid under =
<br />�' •���•.: this parugraph. Ii Bomower makes these payments directly,Borrawer shall promptly fumish�o Lender receipts evidencing �__
<br />- . ;_ . ° the payments. '
<br /> � Borrower shall promptly discharge ony lien which has prioriry over�his Security Inrirument unless Borrower:(a)agrees �-�'
<br /> � � ' in writiag tu Ihe payment of the obligution secured by the lien in u mnnner accepinble to l.ender,(b)contests in good fuith the _
<br /> �3,. ., � lien by,or defends aguinat enforcement of�he lien in,legal proceedings which in the Lender's opinion opernte to prevent the �`��
<br /> , � ' enforcement of the lien;or(c)secures from the holder of thc lien un ugreement su�isfuctory to Lender subordinating the lien �+=--
<br /> ° �'��'"• �� to this Security lnstrument. If Lender dctermines tha�any part of Ihe Prupcny is subject to u lien which may apain prioriry —
<br /> „•� over this Securiry Instrument,Lender muy givc Borrower u notice identitying the licn. Borrower shall sntisfy the licn or tuke -
<br /> d�"':�� '� � �� one or more of the actions set forth ubove within 10 duys of the giving of nolicc.
<br /> �� � � S. Haznrd or Property Insurance. Borrower shull kcep the improvemcnts now exixting or hercufter erected on the '
<br /> � � � Property insured uguinst loss by fire,hazurds included within tlx term"extcndcd roveragr"und uny other har.nrds,in�luding
<br /> floods or fluoding, for which Lender requires inxurunce. This insururxe sh�ll Nc maintuincd in the amounts and for�he L-__
<br /> �y:.
<br /> ' �• Form J02N 9196 (/wxr-njn puKrsl ��
<br /> . t, . .
<br /> , ,t ���r��
<br /> •� . y �
<br /> . , r
<br /> ` . ,. ,
<br /> �: . .,
<br /> . ..
<br /> `T
<br /> K L'�` _1"___ _ " ' .. . . . .
<br /> � u '
<br />- (
<br /> ' � .. ' .. .• ..
<br /> � i.i�
<br />. • � ''1' ..� � ,
<br /> � r
<br /> t.. ;
<br /> � _J - - - --
<br />
|