|
. . ':.r�;p •
<br /> ■
<br /> . r.��y� .. . =�
<br /> 'ry',R/4' _ .:�•y,'�.
<br /> '.�\+1. �/ . . . - '��rM`Y
<br /> _ . . . . � . .�y._ `�T 4 vf'.
<br /> • ' I . .• ��f��v''
<br /> •��Sy' -
<br /> ,. , ;r;:i,r�aa�s��
<br /> ... •,,'�^✓b.
<br /> _ � � . „ .� „.
<br /> � 98_ �����3� � -
<br /> TOC3RTHER WITH all thc improvcments now on c�rcaftcr crccted on thc praperty,and uU c;ascmcns.g, appuncnnnces.end
<br /> Cucwres now on c�resiftor a part of thc property.Al!rcplaccmcn49 and addipans shall ulsa bc cavcrcd by this Saurity Instrumcnt. �_
<br /> i All of thc foregoing is referted ta in this Sccurfty Inatrument as the"Property." �'�'
<br /> � BORROWHR COVENANTS thal Bonowcr is Inwfully soiscd at Ihc esintc hcrcby convoycd and hay thc right to grnnt und I • -
<br /> ' wmcy thc Property nnd that tho Property is unencumbcrcci, r,xccpt for cncumbranccs af rccord. Borrowcr wurran�s tu�d wip . •
<br /> „ defend generaQy tha UUe to the Propeny against aq c4dms and demands,subjett to any encumbrunces of rec;ard. -=-
<br /> ` THIS SHC[JItITY INSTRUMENT combincs uniform covcnents far nadanut usc und non-uniform Govenants with limitcd ' . -
<br /> � '; � veriadons by jurlsdtcdon t�consdtutc a uniform sccuvity instrumcnt covcring rcal property. •:�.. , _
<br /> � UNIFORM COVENANTS.Borrower and Lender covenant and agrec as foUows: ` •• .��
<br /> 1.Payment of Princlpal And Interest;Prepayment and L�te Charqe.v. Bonower shaU promptly pay whcn due thc '
<br /> , principal of and intcrest on thc debt evidenccd by the Notc and any prepayment and latc charges duc under thc Notc. � - --
<br /> 2.Fundx tor Taxes aad Insurnnce. Subject to appGcable Iaw ar to a wriuen waiver by Lendc:r, Borrower shall pay to „'�`��`���
<br /> Lender on the dny monthly paymcnts are due undcr the Note,unttl the Note Is patd in full,a sum("Funds")for,(a)yearly taxcs `-``�` '
<br /> and assessmenu which may auain priority ovcr this Securiry Instrument as a Ucn on the Property;(b)ycarly lcasehold payments � -
<br /> or ground rents on the Property,if any;(c)yearly hazard or�roperty insucance premiums;(d)yearly flood insurence premiums,if •
<br /> any; (e) yearly mortgage insurance premiums, if any;and(�any s�uns payable by Borrower to Lender,in accordance with the
<br /> provlslons of paragraph 8, in lleu of the payment of mortgage lnsurance premiums. 'Ihese items are called"Escrow Items." '�
<br /> I.cnder may.at eny tune.collect and hold Fl�nds in an amount nat to exceed the maatimum amount a lendcr for a fedcmlly related •
<br /> mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as
<br /> amended from tIme to time,12 U.S.C.Secuon 2601 et seq. ("RHSPA").unless another law that applfes to the Funds sets a lesser `
<br /> amounG If so,L,ender may, at any time, collext and hold Funds in an amount not to cxceed thc lesser amount�I.ender may
<br /> i•
<br /> estimmete the amount of Funds due on the basis of current data and reasonable estimates of expendltures of future Escrow Items or �:. '-
<br /> otherwise in accordance with applicable law.
<br /> The Funds shall be held in an insdtution whose deposits are L�sured by a federal agency,instrumentality,or entity (including �
<br /> � Lender, if L.ender ls such an insdtudon) or in any Federal Homc Loan Benk.I.ender shell apply the Funds to pay the Escrow .:�
<br /> Items.L.ender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account,or verifying
<br /> the Bscrow Items.unless Lender pays Borrower interest on the Funds and applicable law permiu I.ender to make such a charge. �"��
<br /> �` However,I.cnder may mquire Borrower to pay a onc-time charge for an independent mal estate tax reporting scrvice used by -
<br /> _ Lender In coanection wlth this loan,unless applicable Iaw pmvtdes otherwisc. Unlcss an agreemcnt ic made or applicAhlP �w -
<br /> nquires interest to be paid,L.ender shall not be required to pay Borrower any interest or eamings on the Funds. Borrower and �-
<br /> Lender may agree in writing,however,that interest shall be paid on the Funds.Lender shall give to Bomower. without charge,an --
<br /> annual accounflng of the Funds,showing cmdits and debits to the Funds and thc purpose for which each debit to the Funds was ��'�
<br /> made.Ttte Funds arc pledged as addltional security for all sums secured by this Sccuriry InsmunenG
<br /> If the Funds held by Lender excecd the amounts permiued to be held by applIcablc law,Lender shall account w Bnrrower for `�_'
<br /> . the exeess Funds in accordenc:e with the requirements of applicable law.If the amount of the Funds hold by Lender at any time!s �
<br /> not safCcient to pay the Fscrow Items whcn due,Lcndcr may so notify Bocrowcr in writing,and,in such case Borrower shall pay �`� '��
<br /> '. to Lender thc emo
<br /> unt ncccs to m
<br /> ake u the deficienc . Borrower shall make u the defi i
<br /> �' P y p c ency m no more than tweive
<br /> , �• manthly payments,at Lender's sole discredon.
<br /> `�, Upon payment in full of all sums secured by this Security Instrumcnt,Lender shall prompdy refund to Borrower any Funds --
<br /> � held by Lender.If,under paragraph 21,Lender shall acquire or scll the Property,Lcnder,prIor to the acquisition or sale of the
<br /> Property.shell apply any Funds held by Lender at the time of acquisidon or sale as a credit against the sums secured by this —
<br /> Security Instr�ment. --
<br /> 3.AppUcatton of Aaymentc. Unless applicable law provldes otherwise,all pttyments received by Lender under paragraphs _�__
<br /> 1 end 2 shall be applled: first,to any prcpaymcnt cherges duc under the Note;second. to amounts p�yablc under paragraph 2; '"'
<br /> � third.co interest due;fourth,to principal due;and last,w any late charges due under!he Note. rG -_��{- -
<br /> 4.ChArges;Liens. Borrowcr shall pay all taxes, asscssments,charges, fines and imposieons suributablc to the Property �`'�`�"�
<br /> which may attain priority ovcr this Security Inst�umcnt,and lcaschold paymcnts or ground rents,if any.Borrower shall pay thesc -
<br /> � obllgadons in the manner provided in paragraph 2,or if not paid in that manncr,Borrower shall pay them on time direcdy to the W _ --
<br /> peason owcd paymenG Borrowcr shall prompdy furnish to I.ender all no6ces of amounts to be paid undcr this psragraph. If ..� � � ��'�
<br /> � Borrower msilces these payments direcdy,Borrowcr shall prompdy fumish to Lcndcr receipts evidencing the paymcnts. .,n4"�' r�"
<br /> 1 �� :,�
<br /> B o r r o w e r s h a l l p r o m p t l y d i s c h a r g e an y G e n w h i c h h a s p ri o ri ry over t his Sccuri ty Ins tr umen t un less Borrower: (a) agrees in 'tr •.���;��V
<br /> wrian co the a ment of the obli ation secured b thc lien in a manner acce table to I..ender; �'"""'�
<br /> 8 P Y 8 Y P (b)contcsts in good faith Ihc lien '�r.J:,,..�:,°•°
<br /> I by, or defends against cnforcement of the lien in, le�al proceedings which in the Lender's opinion aperate to prevent the ="•�_�
<br /> 1 enforcemcnt of thc licn;or(c)sccures from thc holdcr of the licn an agrccment satisfactory to Lender subordinating thc lien to ... _'.
<br /> I this Security Instrumen�If I.ender dctcrmincs that any part of thc Property is subject to a lien which may attain prioriry ovcr this �
<br /> I Security Instrumcnt,Lcnder may sivc Borrower a noticc idcntifying ihc licn. Borrowcr shaU satisfy the licn or takc one or mare
<br /> I of thc acdons sct forth abovc within 10 days of thc giving of nodcc. �
<br /> � Form 3028 9/00
<br /> � �m-8R(NE)ro2+21.0+ aap�zo�e ,n��i.i�:
<br /> �..1 _ _ _
<br />
|