|
:,:. ��. �
<br /> . .�,__.._ . .. . :ri_
<br /> � . •.. : . .
<br /> < .:� > ..._. , _ • _ - ;
<br /> ,�.z: ., ,: . . , . � • - - � -
<br /> �� _ _<<_ , ' :. ... .. -- - --
<br /> .. , . . . . . .. , .., .:. . , . . _ . - , � __ _. ._._ . -----� ... - - - - .
<br /> .._y - -- ---�—-- .. . _-______.-----_.__....------ _ -� ��.. . . .
<br /> ' . ..� �.�m�C��59� . : . .. �.
<br /> - � 'POGfiTI�RR WI1H all the improvemeats now or h�er�on the pmpeny,and all easements.apFurt�nances.an� � . .
<br /> .' ` Sxuues now or hereafter a part of the property All replacements and addituons shall aLso he covered by this Security Insorument [ •
<br /> Ail of ihe foregoing is ref�ed w ia this Seauiry Inson�ment as the"Propaty." f'', . , . ,
<br /> ns
<br /> � � � BORROVYER COVENANTS that Bozruwer is lawfutly seised of the estsLe hereby wnveyed and has t�e right tn g�ant and - 4 ('
<br /> convey the Pmpecty and that the PropestY is unenc�b�•�°�Pt for encumbraaces of reoard.Bwrower wairanu and will _
<br /> ,, � defend ge�aaIlY the titie tfl the Property againsc aD claims and demaads.subject to auy eacumbrances of record. . � .
<br /> +,.� 'fEIIS SECURlT1l INSTRUNIEN'P combiaes imifarm coveaants for national ase and non-uniform wveaants with limited ,
<br /> , ., � wariations by jaricdicann oo constintte a nnifoTm sec�uity insoiume�t oove�ing real pmperty. . . . .
<br /> , ZJN�RM COVENAI3TS.Boirawca and Lender covenant and agree as foUows: wken dae the •
<br /> . ` -� . • 1.PaymenY of Priadpal and Interesh Prepayment and Late Cbarg enc and late cf�arges due nn�Note.
<br /> , priacipal of and i�est oa the debt evideuced by the Note and aaY P�Y� .. :
<br /> _ - -> - 2.Funds foe Ta�and inseranc� 3ubiect w a�plic�ble law or w a wriur� waiver by I.ender.Bomnwer shall PaY m - -`- - _
<br /> : 'ec
<br /> • � Leadei on the day monthiy payme,nts are dne undea the Note.until We Notc is paid'm full,a sum("Funds'�for.(a)yearly taxes .
<br /> . ' ' and assessnnents which may auain piiority over this Secauiry Instrumeat ac a lien on the PropertY•(b)YearlY teacehold payments �
<br /> . or g r onnd reats on the Propaly.if any;{c)YeasiY hazazd oi p�'°peatY�P��'�d�Y�ly tlaod insurance premi�ms,if �• � . � .' , �
<br /> ':. ` . `. � ffi'Y•(e)Y�r1Y�8e��D��if aay:and(�any sums Fayab2e by B�rower to L e n d e r.in a c c o r d an c e w a h t 6 e ` � f
<br /> rpminmc.T�ICSC ItEa14 8r�C211Ed"FSCLOw IiCQ1.4.° �`,.. 's
<br /> � . •� � provisioas of p a r a g r a ph S,ia lieu of the payment of moitgage ins�zance p te L " . : . "_
<br /> Lendea maY,at any time.wll�t and hold Funds in an amoant not to exceed the maximum amount a lender for a fedelalty relared �-.'t..�;-``
<br /> • ;:� mostgage Ioan may requae for Boaower's escraw accomit imdea We federal Real Estate Seateaaeat P�Ac1 of 1974 as ` . ` , :.�- v:
<br /> er - '� fr,',._...
<br /> amended from time to tQne,12 U.S C.Section 2601 et seq- ("RESPA'�,unle�anothea law that applies to the Fands sets a les�er • �'.-.•. --
<br /> amount If sfl,I�end�may,ai any time,coitecx and hold Fimds in an amo�mt not to ex o e e d t h e�arnoun t L e a d e a m a y . .f..�_''".-,:°
<br /> ���:�.�.
<br /> ' `'; estunate ihe amaunt of Funds dne on the 6asis of cunent data and reasonable esamates of e�pendinues of fuuue Fsccow Items or • :::�:.��_
<br /> � � . ' ;� otlterWrise m accordance aritb applicable law. � :•�`;. :
<br /> 'Ihe Fundg s6a11 be heW ia an�tion whose deposits are ins�ued by a federal agencq.ins�vmentatiry,ar eatitY Cmclnding ,.:.�,..:.
<br /> � Icmder,if Lender is such an institution)or in any Fedeca]Home Loan Hank Lender shall agptY the Funds ro pay the Escrow . . -�,�`.�,,�.
<br /> ° P
<br /> . . :F Iterns.Leadea may not charge Bormwet for hotd'mg and aPAh�S the Funds,annnally analyzmg the escrow accounb or veaifyiag �
<br /> yz'
<br /> ..� :�� the Escsow Itans,uNess I.�de�r pays Ba:mwer inteaesi on the Funds and agplic�ble law pennits I.ender w make sach a c�arge. � '_ '_-�l;,� -�.:
<br /> . �� ! H o a�L e n d e r u n a y r e quire Bomnwer to p a Y a on�time charge far an independent real esrate tax�epordn8 service ased by
<br /> ,,• ��-
<br />. • �.'� Leader m connedion with this inan.aaless applicab2e!aw provides otherarise.UWess an agceement is m a d e ar app l i c a b le l aw •f-' ._��.,-�;
<br /> . ' ,..,� r e 9naes interest w 6e paid,I.ender shall not be req�ned w pay Boirower any mteaest or eama�gs on the Funds.Borrowrr and ; :,.,;,,.;,,-
<br /> .�_.�'ki..t,��:+ ,'T;,
<br /> :� I.ender may agree in wrIting,however.t6at mt�est s l r e ll b e p a i d on t he Fun d s.I.e u d e r s 6 a ll g i v e w B o i r o w a r.w i t h o u t c h s u g e,a n _
<br /> n ..�.�yr�
<br /> _� aanax�acco�g of the Fund9.showmg credits ar►d debitg w the Funds and the piupose for wt�ich each debit to the Funds was � :.�,•}i••`�,5�•;�
<br /> • � . . , made.The Fonds ace pledged as additional securiry for all sums sect�red by this Seauity Instrument <: ':`_,�;
<br /> i Lend�shall account to Bor�wer for . ,�Y '
<br /> ' If the Faads he2d by Lender exce�d the amounts permiued to be held by applicable law, ,..,r_ r�,;°_
<br /> ' � •;; the exces�Fimds in accordance with the req�nents of applicable taa+.If the amount of the Fnnd4 be2d by I.e�da at any Ume is � ' :�5.� •:��.
<br /> „_:���-
<br /> � � � • aot snfficient w pay the Fsaow Iterns when due,I.ender may so notify Bormwa in wridng,a nd.i n s u c 6 c x s e Ba�rowea s6all p a y ,,`�°f��
<br /> � � ' ' to I��r the amount necessa�p tn make up the deficiency.Borrower shall malce up t�he deficiency in no more th�w twelve �" �.�:'�,`�
<br /> _ "',��.
<br /> �:�.:_
<br /> - month3Y FaYme�►ts,at I,.�der's so3e discietion. :. .`�- �`�.;-.'�
<br /> se
<br /> . � Z1ppn payment in f�ill of aII smns secared by this Seauiry Instrmneat,Lender shari yrompQy refund to Botrowea a�y Ftmds `:•_ � M .
<br /> � • ::-� held by Lendea.I�under pazag�aph 21,Lea�der sball ar.quire or seU the properly,Lx�dea,Prior to the acquisiti�on or sale of the ' , ,1:u:_,
<br /> e
<br /> �€ propert�r,shall apply any F�mds held by Lender at the ticne o f acquisidnn or s a le as a c m d i t a g a i n s t t h e s m n s s e c�u e d b Y t h i s . _��"`
<br /> _ . .. gecu�ig,lnstiumeat — :--' .��; �-.
<br />- - - �_.n;.;�
<br /> . 1� 3.Application of Papments. Unless applicabte law provides otherwise.aU payments receavetl by I.endex under paragraphs . , .,<�`i:�:
<br /> 1 and 2 shaU be applied:first,tn anY PreDaYment charges due under the Not�second,tn amounts payable undea pata�aPh 2: :'';,"z ._
<br /> � third,w interest du�fourth,to princiPal due;and 1ast.w any late charges due under the Note. . .. . ���,:
<br /> ���.: � :� 4.Charges,Liens. Boirow�sUall paY a!1 taxes,assess�nents.charges,fines and impositions ann'bntable to the Property : . .. '. :� ;'::5
<br /> � which may susu►prinriey ov�ihis Securiry Insaument,and leasehold payments or gound rents,if any.Bormwer sha11 pay these :-�_�
<br /> . ' obligasions in the manner provided'ui paiagraph 2,or if not�aid in that mann�.Borrower shall pay t1►em on time dsecdy to the ' �.
<br /> .. � . • ' pe�son owed payment Boirower shall promptly fumish W Lender all notices of ammmts to be paid under this�ragraph.If .
<br /> . � , Borrowea makes these payments direcily.Borrower shall promptty fianish to l.endea receipts evidencing the payments. .
<br /> . � Boaower shal➢promptly discharge any lien which tiav priority over¢.�is Secarity Instrument unless Bonowea:(a)agrees in ; .
<br /> , ' � � writing w the payment of the obligation secured by the lien in a manner acceptable to Laatder:(b)cont�sts in g°°d faith the Gen
<br /> by, ar dsfends against enforcement of the lien in, legal pmceedings which in the I.ender's opinion operate w prevent the .
<br /> ` enforceanent of the lien;or(c)sec�ues from the holder of the lien an agreement satisfactory to Lender subordinarimg the tien to -
<br /> � � this Security Instra:men�If Lender detamines that any Dart of the Propeaty is subject w a lien which may auain priority over this .
<br /> � • . S�ity Insuum�e.I.ender may give Bolrowe�a nodce identifying the lien.Borrower shall satisfy t14e lien or take one or more ,
<br /> ' ' , of ths acdons set fonh above within t0 days of the giving of nodce. - • .
<br /> Fom 3028 9/90
<br /> • �-8R(NE)I92t21.ot Page2m8 inr..aie: . . ' . . ,
<br /> � . . .
<br /> � �
<br /> •� . . . - . , ' . -- . . �. �'-•--� !� .?�
<br /> ..� . . .. _ � .. • _ � _ '- - � - - - _ _ - - - — ---- -- - --
<br />_.. _ .. , t __._ . .. _ . � _ . . f- . .
<br />
|