|
q . �u.. �.'�:°',� q �
<br /> . s.:•
<br /> . � - Y,w�: , , - -
<br /> '�{,'^"'Nk�". .w �y
<br /> � -
<br /> : �i 3'{ � • % •`.�'.,�,g-c. �' r-..r =
<br /> . .. , • .7r .y -.,i`.ii'^ '�I�MliV+�t•. .
<br /> .�F,` ,. I � � - +�� ,�,�i. . . ��"_
<br /> t�
<br /> 40... • "'`...r. ' _- .
<br /> � .___'_____. __ .____ .__. ..
<br /> 1
<br /> � 10'�Sg
<br /> _� . �..'�� �2.-
<br /> _ . -- — l(Xi�Tlifil�Wl'j'f�ul1 i��C inqnuvcu�c7�W�ww u� lar�r,uiic�ua;lr.�i vu i1�d�►u�iiy,w��ail cascmcr.ss,�ppustc�ustces, -
<br /> and fixlures now or hereafter a patt of the property. AI!replacements and additions ahall also bc covere�by Ihi$Secudty
<br /> ° " �'��."' Insp�umem. All of the foregoing ia i+eferred to in this Secudty Insdument as Ihe"Property."
<br /> . BOR[tOWER COVENAIV7'S that Borrower is lawfuily sciced of the estutc he�by conveyed and has Ihe dght to gront
<br /> " and convey the Property and that the Property ia uaencumbered,except for encumbrances of record. Borrower wurruatr�and
<br /> � � will defend generally Iha title to the Property against�II daimc and demanda,subJect to any encumbmnces of recard.
<br /> ' .. 4: � THIS SECURITY lNSTRUMENT cambines uniform covenanta for nedonal use And non•uniPorm covenanta with
<br /> a' �' :.,,n:�•:•j limited variationa by jurisdiction to conetiwte a uniform secudty instrument covering�eal property.
<br /> � r UNIFORM COVENANT3. Borrowcr and Lender covenant and agrce as follows:
<br /> 1. Fnyment oi Principal pnd Intereatt Prepayment and Ls�te Chargea Borcower xhall promptly pay when due U�e
<br /> ��"� princi al aP and interest on the debt evldenced by the Nate und any prepayment and late churgex due uoder the Note.
<br /> - • � -.; � � Fn�nds for 7�ucea And lnsurance. Subject to uppNcable law or to a writt�n wAiver by Lender.Borrower shnll pAy to
<br /> � � ��� Lendtr un the day monlhly payments are duo under the Note.until the Note fs paid in full,u sum("Funda')for: (a)yearly
<br /> ` - —�""'�� twces and�ssessments which may at[an prinrity over[his Security Insuvm�nt w a 1iC��u��ifia�ope,ny,ib3 yea�'1y Icasehold
<br /> �_...�. .'^i
<br /> ; •_�.,��.. uymente or ground �+ents on the Property, if any; (c) yearly hezard or pruperty ine�urance premiuma; (d) yearly flood
<br /> � :�'. `�.'"� P Y � Y Y 8 8 P Y Y P Y Y
<br /> sr�;;•� nsurance remiuma. if an ; e) earl mort a e insurance rcmiums. if an ;arid(� an sums a ablc b Bormwer to
<br /> �'���� �5•` ` Lender,in accordance with the provisions of paragrnph 8, in lieu of the payment of mortgage insurancc premiums. These
<br /> ��"""'t� it�ms ane called"�scrow Items." Lender muy,at eny time,copect and hold Funds in un emount not to eaceed Ihe mazimum
<br /> y'`�''"'S�'�'"":''�*�" amount a lender for a federally related mortgage loan may require for Barrower�escrow uccount under the federal Real
<br /> .�a"� � Estate Senlement Procedures Act of 1974 as amended from time to time,I 2 U.S.C.�2601 er seq.("RESPA"),unless anaher
<br /> �,'�� -:� • `h' °=�' ' lew that applies to the FLnds seta a leaser amount. If so,Lender may,at uny time,collect and hold Funds in nn amount not to -
<br /> �.,,,.r._..�:y...i
<br /> :•.�:�#�.;;,�K'�a• exceed the lesser amount. L,endcr mey estimate the amount of FLnds due an the ba�iR of current data and reasonable
<br />== r� : ��; esdmates of expendiwres of future Escrow Uems or otherwise in accWdance with app l ica b le IAw.
<br /> ._�:���.-_, --�°�-..�.�..��...+�e's'� �
<br /> - 17te FLnds sh411 be hcld in an institudon whose deposits are insured by a federal agcncy, inswmentaliry.or entity
<br /> __A=-'���M� (including Lender,if Lender ls such an institution)or in any Federal Home Loan Bank. Lender shall appiy the hunds to pay _
<br /> F, .� ��� . ��sr the Escrow Items. I.ender may not charge Botrower for holding and applying the Funds.annually analyzing the escrow -
<br /> ---�� "'. ,, ., accaunt, or vedfying Ute Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits
<br /> --'`� �' " '"' '"+ Lender to make such a charge. However,Lender may require Borrower to pay a one-tlme charge for an independent real
<br /> =;� estete tax reponing service used by Lender in connection with this loan.unless epplicnble law provides othenvise. Unless an
<br /> �,f �n agreement ie made or applicuble lew rcquires intereat to be paid,Lendcr shall not be required to pay Borrower any interest or
<br /> :�`_'� • `, ���' � eamings on the Funds. Borrower and l.ender may egrec in w�iting,ho�vever,that interest shall be paid on thc Funds. Lendar
<br /> -^� '- '_!-- '---� s h a!!g l v e t o B o r r o w P r,w i t h!�u t c h n r g P,a�e o n u a l a c c o u n t i n g o f t h e F L n d s,s h o w i n g c r e d i t s a n d d e b i t s to t h e F l i n ds u n d�he
<br /> __._� ' � � . purpose for wBich each debit to the FLnds was made. The funds are pledged as udditional se�curity for all sums secured by
<br /> -- a this Security Instrument.
<br /> , , .. . If the Funds held by l.ender exceed the omounts pertniued to be held by applicable luw, Lender shall account to
<br /> a Borrower for the excess Funds in accordance with the requirements of npplicable law. IP the amount of the Funds held by
<br />-W��. • Lender at any time is not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing,and,in
<br />- °. ' such case Borrower shall pay to Lender the nmount necessary to mnke up the deficiency. Borrower shall make up ihe _
<br /> = deflciency in no more thun twelve monthly payments,at l.ender's sole di scretion. _
<br /> � � •• � Upon payment in full of all sums sewred 6y this Security Instrurnent, Lender shall promptly refund to Borrower eny °
<br />- s • ... Funds held by Lender. If, under parograph 21,Lender shall acquire or sell the Property,Lender,prior to the acquisition or
<br /> ' sale of the Pro�erty. shall upply any Funds held by Lender at 1he Ifine of ncquisition or sale as a credit against the sums
<br />°. "' secured by this Securlty lnatrument.
<br /> � 3. Applicatbn of P�yments. Unless upplicuble law provides otherwise, all pnyments received by Lender under =
<br /> " �� ' � •' paragraphs i and 2 shall be upplied:first,to any prepayment cherges duc under Ihe Note;second,to umounts payablc undcr
<br /> ` '"""' � ' paragrnph 2;third,to interest due;fourth,to principnl due;and lust,to nny late churges due under the Note.
<br /> - • 4. Charges; Liens. Borrower shall pny nll tuxes, ussessmenis,charges, fines ond impositions nttributable to the
<br /> - ''`•?�'�� •,� Property which may attuin priority over�his Securlry Instniment,and leasehold puyments or ground rents,if any. Borrower
<br /> . shall pay these obligntions in Ihe munner provided in paragropB 2,or if not pnid in that mnnner,BoROwer shall pay them on -
<br /> ',' ,_ time direcdy to the person owed payment. Boirower shall prornptly fumish to Lender all notices of amounts to be paid under ;
<br /> "� this paragraph. If Barrower mc�kes these payments dircctly,Borrower shall promptly fumish to Lender receipts evidencing -
<br />- � •. . .� .." the payments. _.
<br /> � Borrower shall promptly dischurge any lien which has priority over ihis Security Instrument unless Borrower: (a)agrees
<br /> • , in writing to ihe payment of ihe obligution xecured by the lien in u manner acceptable to Lender,(b)contests in�ood fuitb ihe -
<br /> ' .�a�� ,3"' lien by,or defends against enforcement of the licn in,legul proccedings which in the Lender's opinian operate to prevent 1he
<br /> _, „ enforcement of the lien;or(c)secures from the holder of the lien un agreement sutisfactory to Lender subordinating the lien �-
<br /> ' to this Security Instrument. If Lender determines thut any part of the Propeny is�ubject to u lien which may attuin priarity
<br /> , � ° over this Security Inslrument,Lender muy give Bortower u notice identifying the lien. Borrower shull satisfy the lien or toke =
<br /> . " ' � one or more of Ihe actions set forth ubove within 10 duys of the givin�of notice. f
<br /> 5. Hazard or Property Insurance. Borrower shall kcep the improvemen[s now existing or herenfter erected on the `
<br /> � � Propeny insured against loss by fire,hazn�ds included within the tertn"extended coveruge"and any other huzards. including �
<br /> ttoods or flooding,for which Lender requires insurance. This insurance shall lx muintui��ed in 1he nmounts and for the _
<br /> `� ,. �_..
<br /> „ Form!02$ 9l90 1/wRe?.of n�wRrs1
<br /> [
<br /> ' �
<br /> , -- — - .. .
<br /> "r .,
<br /> �,
<br /> . � ,,�•p. ..
<br /> . ... -1
<br /> .a
<br /> �
<br /> .� ' '
<br />
|