|
. • . .. . �ai�• __
<br /> " - " _c.. _ _"
<br /> - _ . . � ._. __ _._— _r`—_ — — __.--• -..-. __ _-_. . -._- - _ _ - _
<br /> .r . ' . ' . ` � "4.; ]� L ` C` t _r ' . • ... �`t'. . ;a ... . , .. .. : . . , ' . '� . .` .. . .ti . __jly:. 2t,
<br /> • . , • � i ' � .. r. i - � ` . . . .. . 1 .. . . ^ ' . ` Af.� .
<br /> _ . .. .i._ .t. . �f ' . .. . _ , ' . , v . . - , . - , �. . i ' C `< ' . .�' c- . . , .
<br />. . . • , � . r . . . . . . , _ . . . . _�.
<br /> _ . . . _ .. . . . . . � - ., _
<br /> , .'b .. r. � ...`� l . .. _ . . ,.., � ' , .� . • `t�', . �.ti. ._ ` .
<br /> , . . . .. �
<br /> , .,
<br /> . . . .. . . , , : . , , _ . _ .. ------ --
<br /> , a . ... _ .e ..._� ....a.:..... _.. - - -.�- . _ .. . �----"--�-`�- - � . . . _ ..- - - � . . - -- -
<br /> . . .'."' � `C .'._._-:�,�.
<br /> ' � ,. .. . �� �,9�— ������d � . `:�t�
<br /> • 'PpG&'I'I�R WITH all We improvcments aaw on c�rcaftcr crcctcd on ihe propc.�ty,and eascmca app � . . -
<br /> � fixtures now or hereafter a part of the property.All replacements and additioas shall also be cavered by this Security Instrumen� '�:� �
<br /> All nf the foregoing is rcfcrred w in tt�is Security Instrumcnt as thc"Property." .
<br /> • BORROWER COVENANTS that Borrawer is lawfully�eised of the estatc hcreby conveyed and has the right w grant and r �
<br /> _ . - _°=`�� convey the Properry and that the Property is unencun►bcred.except for encumbesinces of rccord. Borrower w�arrants and will .. .
<br /> . ��
<br /> _ defend generally ihe title m the Property against all claims and demands,subject to any encumbrances of record. { ___._.:. <:. :•: .
<br /> � THIS SECURITY INSTRUMENT combines uniFocm coveaants for national use and aon-uniform covenanfs with Eimited , �-�—�=�
<br /> � variations by jurisdiction to constiwte a uniform security instnunent covering mal property. f ,F�
<br /> ` - " UNIFORM COVEIVAN'IS.Borrower and Lender covenant a�id agree as foitows:
<br />-� . � � L Papment oi Prtacipal and Interest;Prepayment and Late C6arges. Borrower shall piomptty pay when duc ihe ; �
<br /> • .. . principal of and interest on the debt evidenced hy the Note and any prepayment and laie charges due under the Note. - �'`�
<br /> � ��• :_. ;_��.
<br /> , Z.Funds for'Taxes and Insuraace. Subject ta applicabte taw or tn a written waiva by Lender, Bamower shall pay to �r.. �y . .--.�• < :.
<br /> ,; L.a�der oa the day monthty payments are due under the Note,until the Note is paid in full,a sum("Funds")for.(a)yearly taxes ..�'�•'�
<br />- �� and assessnnents which may attain priority over this Security Insbvment as a lien on the Pro eazl teasehotd yments � `' -'�#r i<,�,
<br /> • or gcound rents on the Property,if any:(c)Yearty hazaM or property ins�rance premiums:(d)yearl yft od insurance premiums,if , _ _--_
<br /> , any;(e)yearly mortgage insnrance premiums,i f any:an d(�any sums pay a b le by Bo r r o w e s t o L e n d e r,i n a c c o r d a n c e w i t h t h e
<br /> :� - pmvisions of paragraph 8, in tieu of the payment of mortgage insurasice premiums. Thcse items are cxUed "Escxow Items." , ��.__
<br /> `� ' Lender may,at any time,coIIeet and hotd Funds in an amount not w exceed the ma�cimum amaunt a lender for a fede.�ally related �•�^���_—
<br /> . mortgage loan may require far Borrawer's escrow account under ihe fedetal Real Estate Settlement Procedures Act of 1974 as __
<br /> , � ameaded from time to time, 12 U.S.C.Sectioa 260t et seq. ("RFSPA").untess another law that applies to the Funds sets a lessec . —
<br /> � ' '" ' ` arnounL If so,Lender may, at any ume, collect and hold Funds irz an asnount not w exceed the lesser amonnt Lender may 4
<br /> f, ' .:.; estimate the amonr►t af Funds due on the basis of ciurent data and reasonabte estimates of eap-rndiwms of fudue Escrow Items or �� ' �
<br /> - athavvise ia accordance wifh applicable law. :��,�� �
<br /> The Funds shall be held in an instiwtion wMsc deposiu aue insured by a fedcral agency,insnvmentality,or cntity(including �a �`�-.�
<br /> - Lender,if Leader is suc6 an institution)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the Fscrow � ,��
<br /> : ti .... __ . �_=
<br /> � Items.Lender may not charge Borrawer for holding and applying the Funds,annually analyrsng t he escrow accounl,or v e r i f y i ng °' ;��-q•.
<br /> • � � the Escrow Items,unless Lendec pays Borrower interest on the Funds and applicable law permits Lender to make sucb a charge. ' "•.2,:,�,
<br /> ''� Howevcx,Lender may require Horrawer tn pay a on�time charge for an independent real estace tax reporting service nsed by , '
<br /> ,. ;.;�:;;'_,��-
<br /> , r .._,• �i'.�'��:
<br /> •:,�� � Lender in conue�6on with thi�loan,unless applicabte 1aw provides otherwise.Uniess an agreemait i�made or applicabtc law .. �.,_T
<br /> =_- ,- ''.•�j requires interest to 6e paid,Leuder shall not be required to pay Borrawcr any interest or eamings on the Funds.Boirower ond �
<br /> �,_,
<br /> •��t Lender raay agrce in writing,hawcvcr,tt�t intcxcst sha!!bc paid on the Funds.Lender sh�ll givc to Barrower,arithout charge,an
<br /> � annual accounting of the Funds,shawing credits and debits to the Funds and the purpose for which each debit W the Funds was ,'��'
<br /> <I t � made.7'he Funds are pledged as adda[ional security for all sums secured by[his Securiry Insaument �� •. � =`"�
<br /> �:�,�-_
<br /> • • If the Funds held by Lender exceed the amounu permitted to be held by applicable taw,Lender shali account to Borrower for `����;�__
<br /> fhe eacess Fuads in accordance with the iequirements of applicable law.If the amount of the Funds held by Lender at any time is � � :;�=--�
<br /> . not suffcient to pay the Escrow I[ems when due.l.ender may sa natify Borrower in writing,and,in such case Borrower shaU pay • �'.-'�`;�
<br /> • to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twek•e — =_--'-=F,�'
<br /> � �'` monthly payments,at Lender's sole discretion. .. . `��.
<br /> ? � Upon payment in fnll of all sums securcd by this Security Insuumcnt,Lendcr shall promptly refund w Borcowcr any Funds , '-`t
<br /> ���t � held by Lender.If,under paragraph 21,Lender shall acquice or scll the Property.Lender,prior to the acquisi don or s a te o f t he . "`�=•_
<br /> ''1' Praperty,shall appIy any Funds hcid by Lender at the time of acquisition or salc as a cmdit against the sums secured by this . . - ;f.,�.�
<br /> ; ' Security Insavmen� � -•
<br /> �1. 3.Appliration ot Payments. Unlcss applicable law provides otherwise,al!payments rcccived by Lender under paragraphs _ _, �� •
<br /> ; ` �], 1 and 2 shall be applied:first,w anY prepayment charges due under the Note:second,to amount�payable under paragraph 2;
<br /> �:. � third,to iuterest due;founh,to principal duc;and last,to any late cbazges due under the Notc. � • •
<br /> 4.Charges;Ltena Bo�rowcr shall pay all taacs.asscssmcnts,chargcs, fines and imposiaons attributable to the Prnpemr �
<br />• • • which may attain prioriry aver this Security lnstrument,and lcasehold paymcnts or ground rents,if any.Bosrower shall pay thes� � •
<br /> obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on time direcdy to thc �
<br /> . � person owed paymen� Borr�wer shaA prompUy fiunish to Lender all notices of amounts to be paid under this paragiaph. If ;�.,;�: �'� �; .
<br /> _ Borrower makes these payments d'uecily.Borrower shaU prompUy fumish to Lender recei�ts evidencing the payments. � . �
<br /> • � Borrower shall prompily discharge any lien which has priority over this Security Inswment unless Borrower.(a)agrees in . ' �
<br /> � • writin�w the payment o(the obli�aaon secured by the lien in a manner acceptable to l.ender,(b)contests in good faith ihe lien ,.. ;
<br /> by, or defends a�ainst enforccment oP the lien in, lcgal pracccdings which in thc Lcnder's opinian operate to prevent the . � , . �
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinaiing the lien to " . . ..
<br /> � U�is Sccurity lnsuumenG If Lendcr dctcrmines that any pan of the Properly is subject to a lien which may attain priority uvcr this
<br />' �``��' � Sccurity Inswmcnt,Lendcr may give Boaowcr a nuuce idcnufying the licn.Borrowcr shall sausfy Ihe licn or takc one or more . �•'
<br /> � � of thc acdons sct forth ubovc within 10 days o1'thc giving ot notic;c. • . .
<br /> Form 3028 9/90 ' • .
<br /> ' { �-8R(NE)tsztxf.oi Page2o�s inmaio: ` �
<br /> . � � .
<br /> � i �
<br />.- _ . . - - ._ . . . . . . . . .... . . � .. . . . .. . . . . . . . :r� . -- -. .
<br /> . . . . � � . , . ' ♦ '.. '
<br /> _..... . . � .
<br /> _.-{,
<br /> .. . . ._ _ . _ . . .. . • . . � • - ._... .. . . ..__. � .. . : �_ �_ . . .. ... ,. �__ . ,. . . _ .. �.. .. .� _ _ . . . .. . � ... •rG . .
<br />
|