|
J .�• � .'S .� !�+ . T c��t�_,._.�..._
<br /> ..�'�:�x' - -��..._.��:'.` �`_ . _ _ � —
<br /> �,..v� . -'-'- �
<br /> �'�` .i
<br /> _ � j�,�1 = �
<br /> -
<br /> � . ,� p � ��I . ��r��.��i''�; •�y��y���,v - ' " _-_: -
<br /> n j r.,�y � ..t. '.Y��
<br /> ��� �..
<br /> �� . : 92— �.o�i __ _.
<br /> ':� TOCiETHER WITH all Ihc improvementa now or hercefter erecteA on the prapeny,and ali ew�emcnts.appurtenances.
<br /> ° and itxtut+�now ur hereafter a pwri uf tia prope�ty. All replacements and additlans shall also be cove�ed bY this Securiry ----
<br /> tl ° k r'�,: In�dument. Alt of tho Poregoing is referred to in thie Secudty Instrumem a�s the"Property."
<br /> �� BORROWER COVENANTS that Borrower ls lawFully seieed of�he ectate hereby conveyed and has tho right to grAnt
<br /> .� . and convey the Prope►ty and that tho Property is unencumbered,except for encumbrancea of record. Borrower waRantr and
<br /> �.
<br /> _ _. �
<br /> �---- °" _ - will defend generally�he dtle to the F'ropurty�gainst�II clt�mc and demonds,subject�o any encumhrences of reco .
<br /> 7'HIS SECURI'fY INSTRUM�NT combines uniform covenanta for national use ond nan•unii'ortn covenents with r
<br /> . . �:�ntr%" lirnited variadons by jurisdiction to constitute a unifom�securlty instrument coverfng reAl property. _
<br /> ,�,. „ UNIFORM COVENAIV'fS. Borrower and Lender covenant nnd ag�ce as follows:
<br /> w��,;��,�,V 1. P�wyment of PrincSpal nnd Interesti PrepAyment�d LAte ChsvQes. Barrower ahall promptly pay when due thc
<br /> ,,._,:,;�-. - princlpal of and interest on the debt evidenced by tha Note nnd any preppyrnen.and late chargea due under the Note.
<br /> 2. Fundstor'Ihxa+and in�ur�nce. SubJect to applicable law orto awrftten weiver by Lender.Botrower ahall pay to
<br /> ... ., n
<br /> � Lender on�he day monthly payments ere due under�he Note,until the Note Is paid in full.a aum("Funds")for.(a)yeurly �--
<br /> � �w:���;"..� ' taxes and assessments which may attain priority over this Security inspument as u lien on the Property:(b)yearly leasehold
<br /> ��>:.:�a• •:�.�'. � (d) Y Y
<br /> � _ �, , �, payments or gmund rents on the Property. if any; (c) yearly hazard or property insurance premiums; earl fload
<br /> --"'�'i"�' insurance premiums, if eny; (e) yearly mortgage inaurance premiums,if eny;end(� nny sums payable by Borrower to
<br /> ���'�'',�'"� Lxnder,in accordance with tLe provisions of paragraph 8,in lieu of the payment of mortgage insurance premiums. These �
<br /> � k items are called"Escmw Iterns." I.ender may,at any time,collect and hold Funds in en amount not to exceed the maximum -._.
<br /> ���r�
<br /> ����-•�. ernount a lender for a federally telated mortgage loan may requi�e for Borcower�escrow account under the federal Real
<br /> ��''' '�� " �`'°'•'" �t Eslate Settlement Procedures Act of l974 as samended from time to time,12 U.S.C. �2(�(11 pt ceq.("RESPA"),unless anaher
<br /> �'��i:1�_y .:i,..u�i�YmaR �-
<br /> �"��y;�=�.�.:r-:� �„•`• law that applies to the Funds sets a lesser emount. If sa,Lender may.at any timc,collect And hold Funds in an amaunt nat to i:�
<br /> k� exceed�he lesser amount. Lender may estimate the amount of Funds due on the basis of curtent data and reasonable _
<br /> —.� :.. �. �,,:,.�,
<br /> „•.,
<br /> .;
<br /> =�_'�� ,°'=�=�_� � es t l ma t es o f e x p e n d i t u re s o f f u t u r e E s c row Items or otherwise ln accordance with a ppiicab e aw. �.:,�
<br /> . ...
<br /> `-- � ��-��-'-' '!'he Nuncis shall be held in an instilutiun wfw�c JC�sits are jnsurcd by a fcdcral agency, lnswmentality,or entiry ��:
<br /> -;r y_.., . ;• .•..,;,.:,.�:� _
<br /> - � . ,,, (including I.ender,if Lendcr is such an institulion)or in any Federal Home Loan Bank. Lendcr shall apply the Funds to pay
<br /> � the Escrow ltems. L,ender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow _ __
<br /> ��r~. b�:. '- "� . accounl,or verifying the Escrow items,unless l.ender pnys Borrower interest on the FundR and applicable law permits = i_
<br /> :-q`.' . yr, , � Lender to meke such a charge. However,Lender may require Borrower to pay a one-time charge for an independent real ___
<br /> �. ,�;:�•• :�- estete tax reporting service used by Lender in connection with this loan,unless applicable luw provldes othenvise. Unless an
<br /> � ��' � ' ageement is made or applicaMe law requires interest to be paid,Lender ahall not be required to pay Borrower any interest ar --�
<br /> =<•=�. ' . � eamings on the Funds. Borcower end Lender may agree in writing,however,that interest shall be paid on the Funds. Lender __
<br /> `°y��,*!�;E,,:4, � sh�ll give to Borrower, without charge,an annual accounting of the Funds,showing credits and debits to the Funds und the --�
<br /> _ -�;w;;�r�;ro.=-;kfi�!�;,� purpose for which each debit to the Fvnds was made. The FuncLr arC y1Calged as additional scxuriry for s!!sums secused by -_
<br /> °°-. .�. x" - this Security lnstrument. -
<br /> .. o� If the PUnds held by Lender ezceed the Amounts permitted to be held by applicable law, Lender ahull account to R;�_
<br /> J , " Barrower for the excess FLnds in accordance with the requirements of applicable law. If the amount of the Funda held by �_
<br /> - . - • " Lender at any time is not suificient to pay the Bscrow Items when due,Lender may so notify Borrower in writing,and,in Q_,,,
<br /> • �M" � ' suCh Case Borrower shall a to Lender the amount necessery to make up the deficiency. Bomower shall mnke up the -_--
<br /> -- � ��;. �• � � ' deficiency in no more than welve max�thly payments,at Lcnder§sole discretion. �`' �
<br /> ' .�• � Upon payment in full of all sums secured by this Security Instrument,Lender shall prompdy refund to Borrower any =-__
<br /> =��. • . - Funds held by L.ender. lf,under paragrnph 21,Lender shall acquire or seU the PropeRy.Lender,pr�or to the acquisition or �„
<br /> ,. .. •� ��•.,���~ sale of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums �;
<br /> :�:; . .. �._
<br /> ,:_ � ���. � cecure�i by this Security Inswment. •
<br /> i'� �• �� ' 3. Applieatioa of Ps�yments. UnMss applicnble IAw provides otherwise. all puyments received by Lender under
<br /> . MJ�.�
<br /> ,rl�.�_-IY�.�A..�..i �-�_.
<br /> ��� ,, ,. �,,,,,M;,,.d�•- parugrnphs I and 2 shall be applied: firtit,�o uny prepayment charges due under the Note:seccx�d,to amounts pAyuble under -
<br /> �* •• parograph 2;third,to interest due;fourth,to principul due;and last,to any late charges due under the Note.
<br /> �. � 4. Charges; Lfens. Borrawer shali pay aU taxes, assessmen�s, chnrges, fines nnd impositions attribuWble to the �__
<br /> • �• -7; Property which may atcain priority over this Security Instrument,and leusehold paymenis or ground renls,if uny. Borrower
<br /> " shall pay these abligations in the manner provided in paragruph 2,or if not paid in that mnnner,Borrower shall pay them on �'�`'"
<br />' , " '�°' time directly to the person owed puyment. Borrower shall promptly fumi�h to Lender All notices of amounts to be paid under W�
<br /> - T this paregraph. If Borrower mukes these payments direcUy,Borrower shall promptty fumixh�o Lender receipts evidencing �_��
<br /> � .. • .� ��-'= thepayments. ��_
<br /> � �� Borrower shall promptly dischurge uny lien which has priority over this Security Instrument unless Borrower:(a)ngrees
<br /> in writing to the payment of the obligntion secured by the lien in a manner acceptnble to Lender,(b)contests in good faith the
<br /> �, � `�`,4; • d :ien by,or defends aguinst enforcemen[of the lien in,legal praceedings which in the Lender's opinion operute to revent Ihe ��°
<br /> � ��.;-
<br /> '' enforcement of the lien;or(c)secures from the holder of the lien un agreement sutisfnctory to Lender subordinaung the lien _
<br /> ' � to this Security Instrument. If Lender delermines that any pan of the Property is subject to a lien which may attAin prioriry --
<br /> " "; :;� . . over this Security Instrument.Lender may give Borrower b notice identifying the lien. Borrower shall sotisfy the Uen or talce --
<br /> ..r�; •• • one or more of the actions set forth above within lU days of thc giving of notire. -.,
<br /> � ' ' ' � 5. I�azard or Property Insurance. Borrower shull keep the improvements now existins or hereufter erected un the
<br /> ,. ` Property insurcd ngninst loss by�re,hazards included within thc term"extended coveruge"nnd any other har.urds,including
<br /> � r . tloods or flooding, for wh�ch Lender requires insurnnce. Thi� in�urunce shall Ix muin�uined in thc amounts und for the
<br /> � �•. Fbrm JY28 9190 1►�.�RP=njM1 pugrs 1
<br /> d a'.
<br /> .. ,. . .. .. _. - _. . a... .
<br /> +�.Y. � � . _ . . ._. _.
<br /> ------ L — ---... .. _ .. _ . . . .. . .. . . . _
<br /> t • ' .
<br /> r
<br /> .� � u• .�F-w4
<br /> » ..t
<br /> . '_� '
<br /> 't
<br /> ir
<br /> a '
<br /> � �� � � I .
<br />
|