|
�� ' �. I I�;�9�i ht. i ;� w ,. .,,-
<br /> �,W,� ,:-�,w �� ..������� � I�! `� " ' ,.,.�.�e.��'.,�.�.�,._: ._ - --
<br /> -` �•�1•T.v� )!1 Mv.h • il 1 _ _ - . _-"_
<br /> � ir �•
<br /> ,��� kw�y`�'�g�."�y,V. �'.. _� .__�....a_ �� ._. __.-�
<br /> � -n:
<br /> ,;: - --
<br /> , - , w:��' . �.��-.
<br /> ,�• � U :����I. ,��a. �.
<br /> , .,.,:, .3 i `► ` - __ -
<br /> ...
<br /> J
<br /> .4
<br /> - 92_ 1�ss
<br /> ';''�. ,,,,,=v_ _ 'Z'CpETyBR WITFI all thc improvements now or hemefter erccted on ihe property,and oll easements,oppuRenanccs.
<br /> ��- �.�A„���--a tind fixtures aow or hercafter n pert of the pmperty. All replacementa end additiona shell also be covered by thia Security
<br /> � : �r�• { Instrument. All of the foregoing is referrd to in this Security Instrument ns the"Properly."
<br /> BORROWER COVENANTS that Bortower ia lawfully scised of the estAte hereby convcycd und has the right lo grant
<br /> � ,,, ,;+,,� und convey the Property and that the Rroperty ia unencumbered,except for encumbronces of recurd. Borrower wnrranta�nd
<br /> ,� will dafend generelly the title to the Propeny ag�lnst all cluims and demunds,subject to any encumhrances of record. �_ __
<br /> �,�„ ,: THIS SECURITY INSTRUMENT combines uniform covenants for national use and nan-unifonn covenwnts wl�h
<br /> 1
<br /> r �i limited variatlons by judsdiction to consdtute a unifonn security instrument covering real property.
<br /> � e UNIFORM COVENANTS. Borrower and Lender covenant and agrce as fallows:
<br /> �,�f
<br /> a.�.,,�, l. Payment of PrincipW and Interest;Prepayment and I.ate Chprges. Bartower shall promptly puy when due the -
<br /> principal af and intereat on the debt evidenced by the Note and any prepayment and late charges due under the Note. _.,_
<br /> - ,-g- :�'r�-:�'�'°'�'� 2. Ftinds�or 7hxes and insurAnce. SubJect to npplicable law or to a written waiver by Lender.BoROwer shell puy lo
<br /> ' -44i7N.�`.�.1:.° '���i� �nder on the dey monthly payments arc due under the Notc,until the Note is paid in full.A sum C'Funds")for: (a)yeady `-:_ �-
<br /> � •� taues and assessments which may atu►in p�forily ovcr thia Security Inauument ns a lien on the Properiy;(b)yearly leaschold �_`._=
<br />����"�'� n ments or und rents on the Pro if an (c) yearl hazard or ro rt insumnce remiums; (d) yearly tlood
<br /> '�.u...,. P Y 6� PertY• Y: Y P Pe Y P
<br /> insurance premiums, if any; (c) yearly mortgage insurance premiums. if any; and (� nny sums payable by Borcower to ---
<br /> �a:����•.,,, �_ �
<br /> ,�����;�::,�� �,� Lender,in accordance with the provlsians of paragraph 8, in lieu af the payment of mortgage insurance premiums. These _�
<br /> �"'��'"k '�� items are called"�scrow Items." L.ender snay,at uny time.collect And hold Funds in an amount not to exceed the muximum -
<br /> _-_-- 3"'�; ::. .� .. : '*�*'�' �''•;
<br /> —r:;�'�'4.. ` ;�,.�;;a;ir amount a lender for a federally related mortgage loan may require for Horrower�s eacraw account under 1he federal Renl �;;_
<br /> "" - � ±°-°�"°°'� � Estate 9enlement Proceclures Act of 1974 as amended fram time to time. 12 U.S.C.�26D! et seq.("RFSPA"),unless another
<br /> i; ; ,�!v, S '',:� ���'y���°"`. law that a lies to the Funds sets a Iesser amount. If so,Lender ma ,at an time,collect und hold Funds in an amount not ro '�
<br />•:�.. Pp
<br /> - e . , . � exceed the lesser amaunt. Lender may estimate the amount of Funds due on the basis of current data and masanable �'�
<br />•=,. � estimates of expenditures of future Escmw Items or otherwise in Accordance with applicable law.
<br /> � �`• . ,F,�. The E�Lnds shall be held in an insiitution whose deposits are insured by a federal agency, instrumentaliry,or entity �.
<br /> '. .��s��n (including Lender,if Lender ia such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay _
<br /> .-. ;: "� �,,��,,_�;,r:�, � the Escrow Items. Lender may not chuge Borrower for holding aod applying the Funds,annually analyzing the escrow
<br /> r� . eccount, ar verifying the Escrow Items, unless Lend.•,r pays Borrower iMerest on the Funds and appliceble law permits ';y'
<br /> • � "' '"'..•• ` Lendcr to make such a charge. However.Lender may require Borrower to pay a one•time charge for an independent reaf __
<br /> ' . estate tax reporting service used by Lender in connection with this lonn,unless applicable luw provides otherwise. Unless nn �-,
<br />__ _:,y�;ys'y�•4^,:.,:�,;, agreement is made or applicable law requires intcrest to t+e puid,Lender shall nat be►equired to puy Borcower nny interest or —_._
<br />- � ,""" "� �� =r� eamings on the Funds. Borrowcr and Lcnder may agree in w�iting,howcver.tha�Lilerest sball be paid on the Funds. Lender ��-�
<br /> �..° _ ,.+r.� w.:.._:_ _,__= shall give to Borrower,without charge,an annual accounting of the Funds,showing credits and debits ro the Funds und the =_
<br /> ° "�' ��"'�`'`-� purpose far which each debit to the Funds was mude. 'Ihe Nunds ure pledged as addiiiunai x�:uiity ior ail sums�ccured by _-
<br /> � d� "" thia Security Instrument. -
<br /> �� If the Funds held by Lender exceed tNe nmounts permitted to be held by upplicable law. Lender shall account to �`
<br /> d Borrower for the excesa Funds in uccordance with the requirements of applicable law. If the amount of Ihe Funds held by �
<br /> ' '�; Lender at any time is not sufficient to puy the Escrow Items when due,l.ender may so notify Horrower in writing,and,in
<br /> � " � � such case Borrower shall puy to l.ender the amount necessnry to muke up the deficiency. Borrower shull make up the �
<br /> "�e ' ,. � � deficiency in no more then twelve monthly puymentq,ut Lender�sole discretion.
<br /> 1.�. �� Upon pnyment in full of all sums secured by this Security Inswment,Lendcr ahall prompUy refund to Bortower any ��-�-
<br /> �- • Funds held by Lender. If,undcr parngmph 21,Lender shall ucquire or tiell the Property,Lender,prior to the acquisitian or �.-��
<br /> � � �' � sale of the Property,shall apply any FLnds held by Lender ut the time of ucyuisition or sAle us u credit ugainst the sums --_
<br /> . c` .
<br /> �: secured by this Security Inatniment.
<br /> �- �,.�•'=;c... ..-�`�-��, ' 3. Appllcation of Paymenls. Unkss epplicubk Inw provides athenvise, all payments received by l.ender under
<br /> �'�� �«�-• ' . parpgraphs I and 2 shull bc upplied:firu,to uny prepAyment churges due under the Note;second,to nmounts paynble under __-,
<br /> � �� • �' peragrnph 2;third,to interest due;founh,to principnl due;und Inst,�o any late churges due under the Note. ��`�
<br /> ,"� • " ' 4. Charges; Llens. Sorrower shall pay all tuxes, ussessments, churges, �nes and impositions nttributable to tne �'���
<br /> �;,� • � propeny which may uttuin priority over this Sccurity Instrument,and lenschold puyments or ground rentc,if any. Borrower 1`.��
<br /> z � �� shall pay Ihese obligotions in the manner provi�d in paru�rnph 2,or if not paid in thnt mnnner,Borrowcr shull pay them an r-_
<br /> time directly to thc person owed puymen�. BorroW�er sh�+ll promp�ly furnish to Lender all notices of amounts to be pnid undcr
<br /> � this parngruph. If Borrower make,thes� payments direc�ly.Barrower shnll promptly t'umish to Lender receipts evideacing
<br /> the payments.
<br /> ��. ���v.c-. Borrower�hall prompUy discharge any lien which has priority over thir Security Inswment unless Barrower:(a)agrees _�_
<br /> . in wdting to the payment of the obligation secured by the licn in n munncr ucceptable to l.ender,(b)conrests in good faith the _
<br /> , `. � lien by,or defends�gninst enfarcement of the lien in,legnl proceedings which in the Lender's opinion opernte to prevent the
<br /> � ° enforcement of the lien;or(c)secure�from Ihe holder of the lien an ngreement sutixfactury to Lender subordinating the lien �
<br /> • •. to this Security lnatrument. If Lender determincs thut any part of thc Property is subjcct to u lien which may attuin priority ::
<br /> ..�� .,• .' over this Security Instrument,Lender may�tive Borrower�notice ideniifying the lien. Borrawer shall sutisfy the lien or take '^�'.
<br /> • .;;,. ::
<br /> � one or more of the Actions set forth ubove within Ill days of the Fiving of notice.
<br /> � ' � S. Hazerd or Property Insurance. Borrowcr shull kecp the improvementti nuw exititing or hereufter erected on thc
<br /> ^ . Property insured ngainst loss by firc,har.ards included within the�erm"cxlcndeJ covcrvgc"and any othcr hucnrds,including �"
<br /> flaods or floading, for which Lender requires insur;�nce. This insurunce shull be muintained in the amounts end f'or the
<br /> �• � .
<br /> � Form302N 9/90 r�x�:��ln�wue��
<br /> a. �
<br /> � � ' .
<br /> � ' •
<br /> J
<br /> � �• _____.... . . ,r." ... . . ... . , . _ .
<br /> � :� '
<br /> r
<br /> � �fi�` �1'.'`1
<br /> � 1
<br /> . ' �
<br /> .
<br /> � ,
<br />
|