|
,
<br /> ;� .,..�,::,s;�,�'�. ,_..,__—
<br /> � y.■;..�r_� ..�.:.��.
<br /> . • .
<br /> _ __ .
<br /> — .. .. .. , _ — -- - —
<br /> ,_ ,,.-____,e. �4_- _v,_ __ _ - �
<br /> '�', _'— _ _ - _ --__
<br /> v.._-_"
<br /> . f. L::' ' =_.�.�ays
<br /> � � ,.1'.:�r�,��. � ��}9N;°�S �` . � . ':t'>=�i-�
<br /> .� , _ .. .. .'�:���h�,i�l...'. " .."!J".`r't� , •-
<br /> I ^ g°
<br /> ���``��� 92— so�►o3�
<br /> .v..r.l.F�:
<br /> - �� .. TO()E77-lER WI771 all the improvemcnts now or hercnfter erccted on the property,and rll eascments,appurtenances,
<br /> e , � ;;;�� u�d fixturc�now or hercafter a psut of the property. All replacements and additions shAl!plaa bc covered by thia Secu�ity
<br /> �•�`�• lnruument. All of the foregoing is referrcd to in this�Secudty Instrument ax thc"PropeAy."
<br /> ��� � .�.� .y BORROWER COVENANTS that Borrowcr is Iawfully seised of thc estate hereby convcyed und has�he right to gront
<br /> � r � ,� and convey the Property and�hat the Property is uaencumbered,except Por encumbrrinces of record. Borrower warroMs end
<br /> "`'�i� `�"Y • will defend generally the title ta the PropeRy ugainst ell claims und demunds,subject to any encumbrunces of record.
<br /> T� p� " THIS SECURITY INSTRUMENT combines unifarm covenenta for nutional use and non-unifartn covenant� wi t h �
<br /> ��,;:.�'''`•••..
<br /> ' "•,�=, limitecl varlations by jurisdictbn to constitute n unifotm security insuument covering roal propeny. _
<br /> '� � ����� � + UNIFORM COVENANTS. Borrower a�d Lender covenant and agree as follows:
<br /> � ---�� ,� . � 1. Payment of Principal and interest;PrepAyment and Late Chorges. BoROwer shall promptly pay when duc�he
<br /> -`=�� �� °d'�'�° • - •; � principal of and Interest on the debt evidenced by the Note nnd uny prepnyment and late charges due under the Note.
<br /> —' ••���,_y, _• •:�j�-.f;� 2. Fiunds�or 7raxes and hu9urance. Subject to applicablc law or to a written waiverby I.ender.Borrower shall pay to
<br /> - ��'�`:"�� Lender on the day manthly payments arc due under thc Note,until the Note is puid in full,a sum("Fund4')for:(a)yearly =
<br /> •',< � , n,� � tuxes and esseasments which muy attain priority over this Security Insuvment as n lien an Ihe Property;(b)yearly leasehold v
<br /> ' payments or ground rents on �he F'roperty, if any; (c) yearly hazard ar praperty insurance premiums; (d) yearly flaod
<br /> __ — �t�.'-��r.F, insura�ce premiums, if any;(e) yenrly mortgage insurance premiums, if any; and (� any sums payable by Borrower to
<br /> o� ssr.f .:':..<:•. � Lender,in accordence wlth the provisions of paragraph 8,in lieu of the payment of mortgage insurance premiums. These
<br />�..� �����` items arc called"Escrow[tems,' Lender may,at any time.collect and hold Funds in an amount not to exceed the maximum _
<br /> =�;•..' . . ., � --
<br /> — ,• � � ,•� _ umount a lender for a federally related mortgage loan may require for Borrower's escrow account under the federal Real
<br /> —° • ,�.:;;,-� Estate Settlement Procedures Act of 1974 as amended from time to time,I 2 U.S.C.$ 2601 e�seq.("RESPA"),unless another �;
<br /> -=~� +� '' _ . law that applies to the Ft�nds sets a lesser amount. If so,Lender may,at any time,coilect and hold Funds in an amount not to
<br /> ' _ �. ��. �,v
<br /> exceed 1he lesser amount. Lender may estimate the amount of Funds duc on the bASis of currcnt data and reasonable —
<br /> - estimates of expenditures of future Escrow Items or otherwise in accordunce with opplicable law.
<br /> ' The Fu��ds shall bc held in an institution whose deposits are insured by a federal ogency, instrumentality, or entity _
<br /> - �� �` �!-`� �-"' (including l.ender,if Lender is such an institution)or in any Federal Home Loan eank. l.ender shall apply�he Funds to pay �==�
<br /> _ , r.
<br /> „ ., �-• the Escrow Items. l.ender may not charge Borrower for holding and applying�he Funds, annually analyzing the escrow ,_
<br /> - � �.. ,:+,,�. account, or verifying the Escrow Items, unless Lender pays Borrower interest on Ihe Funds and applicnble law pertnits ���-
<br /> • �'' � � � "; ' Lender to make such a charge. However, l.ender may require BoROwer to pay a one-time charge for an independent real
<br /> �•�,`�• " � �• estate tax reporting servlce used by L.ender in connection with this lonn,unless applicnble law provides otherwise. Unless nn �
<br /> • agreement is made or applicable law requlres interest to be paid,Lender shall not be required to pay Borrower uny interest or —
<br /> ,�`� •' " • camings on the Funds. Borrower and I.ender may agree in writing.however,thnt interest shal!be paid on the Funds. Lender �'°M'
<br /> '� ;- shall give tu Borrower,without charge,an annual accounting of the FLnds,showing credits and debits to the Funds and the �;..
<br /> — �..�a �� ____- _ purpose far which each debit to the Funds was made. The Funds are pledged as edditional secu�ity for all sums secured by =-
<br /> this Secudry Instrument.
<br /> , If the Funds held by Lender exceed the umoun�s permitted to be held by applicable law, Lender shall uccount to �`"`
<br /> � , ` , Borrower for the excess Fundg in accordance with the requirements of Applicable Iaw. if the amount of the Funds hald by .
<br />- Lender at any time is not sufficient to pay Ihe Escrow Items when due,Lender mny so notify Borrower in writing,und,in
<br /> . such case Borrower shall pay to Lender the amount necessury to muke up the deficiency. Borrower shall make up the ��_
<br />- . ��, deficiency in no more than twelve monthly payments,at Lender'.s sole discretion. �■a�
<br /> =�•r • � Upon puyment in full of all sums secured by this Securiry instrument,Lender shnll promptly refund ro Borrower any �-
<br /> - . Funds held by Lender. If, under paragrnph 21,Lender shall acquire or sell the Propeny,Lender, prior to the ucquisition or �,•
<br />�� � •• sale of the Property,shall Apply uny Funds held by Lender nt the lime of acquisition or sule as A credit against the sums
<br /> .r�' secured by this Security Inswment, ��
<br /> j,. „ � 3. Applleatbn ot Payments. Unless applicable I�w provides otherwise, stll paymen�s received by Lender under -
<br /> "-, , � paragraphs 1 and 2 shall be npplied:firs�,to nny prepayment charges due under the Note;second,to amounts payuble under � '
<br /> y ��.� parngraph 2;third,to interetit due: fourth,to principal due;nnd last,to any late charges due under the Note, �
<br /> �'' 4. Charges; Liens. Borrowcr shall pay all tuxcs, assessments, churges,�ncs And impositions Attribuwble to the
<br /> ,�''� "�-" Property which may uttain priority over this Security Instrument,and Icasehold payments or�round rents, if any. Borrower
<br /> - _ • �;�;• � � shall pay thesc obligvtions in the manncr provided in parugrnph 2,or if not paid in thnt manner,Borrower shall pay them on �.
<br /> _ . ' � , � time directly to the person owed puyment. Borrower shull promptly furni,h to Lendcr all noticrs of amounts to be pnid under
<br />. this parngruph. If Borrower mukes these puyments directly, Borcower shall promptly furnish to Lender receipls evidencing F�:
<br /> thc payments. ��
<br /> Borrower shall promptly discharge any lien which has priority over this Securiry Inswment unless Borrower:(a)a�rees �'`I
<br /> - ' in writin to the a ment of the obli ation secured b the lien in a manner ncce tAble to Lender;(b)contests in cx�d fuith Ihe �=
<br /> , 8 P Y s Y P g �r-=
<br /> � ' lien by,or defends ugainst enforcement of the licn in.IeFul proccedings which in the Lenders opinion operate to prevent the
<br /> . � . �. enforcement of the lien;or (c)secures from the holder of the lien nn agreement sulisfactury to Lender subordinating the lien
<br /> � � �� ro this Security Instrument. If Lender determines that any part of the Property is suhject to u lien which may nttnin priority �
<br /> "� •. over this Security Instrument,Lender moy give Borrower a nolice identifying Ihe lien. Bortower shull sallsTy the I�en or take �-- -
<br /> . � ,�" " one or more of the uctions set fonh above within 10 days of the giving of notice.
<br /> " � •� 5. Hazard or Property Insurance. Borrower shall keep the improvrmenls nc�w ezisting or hereafter erected on the
<br /> �� ° ti r s'n•lud d within the term"extendcd covcra c"and an other h�zurds,includin �.
<br /> Propeny insured aga�nst lo.s by t�re,haxa d � � c F Y s
<br /> floods or flooding, for which Lenik:r rcyuircs in.rurance. This inxurunce �hull b� maintuineJ in the amourns nnd for the
<br /> �
<br /> • . Horm J028 9190 f1wXe 2 ajA�kcs�
<br /> ��
<br /> . . i '
<br /> . ' �:
<br /> �
<br /> _� .� ---.--�_----
<br />- - r � - - --
<br /> `
<br /> , . �
<br /> �� j '
<br /> ��� ' � -- � _ -- - _
<br />
|