|
--_1�_ ' _.�_�.> ._ . � � .. __._ _ . . _.. . ... _ . .. __ _ . .
<br /> � `� . .•t ---
<br /> ' i �'�s ��,Q'�.r3a�� . `�.- : - . -_-_ --
<br />. � � �T : . _; � . . .. --
<br /> —� .-.. . ... � r �_ _-- —_—.'4���
<br /> liw�i Htcc W'iT�i a�S ii� ►,�..a:c�.� �: �r !�•R�• z►w-rNd �,n rhe nroaerty. aad all eas�m�nts. � ' _ � _r=
<br /> appwt�aartcrs.aad fixtures aow or hereafter a part of tha property. AU nplacrments and a�ditions shall also be covcred .. .. .� �. . ..;��
<br /> by this S�,curity lnstrument All of the foregoiag i�refernd to in this Sectariry lassrument es ttee'Property" . =
<br /> BoRxowtR Cov��[�rs that Borrowar is lawfully s�isrd of t6�estat�hereby wnvayrd end has the n}�ht ro brant ansi --
<br /> conv� d� Pro rty and that t�e PcoPertY is un�ACUmI'er�d, zxcept for �ncumbrances of record. Borrower warrants aad .
<br /> will defend gene�ra!!y th�6tle w t he P r opercy asains t a ll c l a i m s a a d d e m a a d s.s u b.t�c t t o a�c n c u m b r a nr.�s of record. ,
<br /> Tttts S�c-t�sirrnr It�srRVSt�an'combines uniform covem�nts for aational us�and non-uniform covaeants with limitad : �. .
<br /> nr
<br /> variations by jurisdictioa to constituta a uniform security instrument cov�ring ceal property. ; . � _-
<br /> � Ux�oxst Cov�a�rrs. Borrower and i.aad�r covnnant and a�as foUows: ,
<br /> T 1. P�yra2nt af�nstp�artd Intece�4; PrePgYment and l.at�Charge§. Borrower shall pro�dy pay whtn due " - ' . '
<br /> '.� •1 t h�p r i n c i g a l of and in2erest on We debt�vidaaced by tha Note and any prepaymeat and lat�chsrges due uader the Note. - �- . -
<br /> Z. Funds for Taxes and Ittstn'ance.S u bl�c�to app t icu b le law or t o a w r i tt e n w a i v�r b y I x n d e r.B o r r o w�r s h a l l p a y
<br /> to Leuder on the day monthlY paymeats are due upder t h e Note. until ttt�Note is paid in full,a sum ("Funds") for. (a) ' - -
<br /> . y e a r l y t a xes and essessments which may attain priority over this Security Inshvas�nt as a lien on the Property:(bl yearly .. . ^ -
<br /> le�°.hald paymeuts os ground reats on the Praperty. if any;(c)Year�J!b a�a r d or progr i t p i m-u r a n c�p r e m m m c:(d)y e a r l y . .. . . . `_.
<br /> fl�3 insurance pteminms,if uny;ie)yearly mortgag�msuntc�x pm�ums.if any;acd(�anY surns Payable b�r Horrowar . ,
<br /> .. to Lender. in accordance with ihe provisions of paragraph 8. in lieu of the paymrat of martgage insurance pr�ereiums. � � •� _
<br /> These items are called'Escrow Items." I.C�er may. at any eime.coAeci and hold Funds in an amount not to excced the . ....�,�y� .
<br /> maximam amaunt a lender for a federally relao:d mortgage loan may r�quire for Bortow�r s escrow account undar the . ..; •:.`A-�
<br /> f�ra] Rea1 Estate S�ulement Pr+ocedures Act of 1974 as amend�d from time to time. 12 U.S.C. § 2601 et seg. r. . �,•. _�y�.:
<br /> ('RFSPA").untess another law that ap fies to the Funds sets a lesser amouat lf so,Lender may.at any time.collect and ' ,=y�;' -;_—
<br /> ' hold Fu�s in an emautU nat to exc�8iaa lesser atnount• L.ender maY�stimate th�a�°ount of Ftmds due on the basis of � . ,
<br /> � �
<br /> • curre�data end reasonab2e es6mates of expendit�res of future Escrow items or othenvise in accord�nce with applicable ` '�'�;:�. -!„
<br /> 1aw. ••'. .a� '+�' :
<br /> The Fun�s shall be held in an instits�on whas�deposits ar�iasund by a federal ag�ncy. instru�n�alitY• or�ntity �. ,_. . ,�. ��
<br /> (including I,ender.if Lend�r is such an im�itution) or in any Federal Home Loan Bank. I.�nder shaU apply d� Funds to - ' ,; , '�
<br /> . Pay the Escmav Items. Leesa�r may not char�e Borrower for holding and applying the Funds. annuall analyring tl� :.�?�se,"�"` �
<br /> ,�
<br /> : ,._..�'►�'-�.
<br /> .;•�`. '��"'' � i � .:,��
<br /> escmw account, or verifyia�cze Esemw Items, uate�s Lender pays Borrower mterest on flie Funds appfica61e law ,, . �
<br /> p���s Le�d�r to make s�,ac� a charge: However. IE�er may re�Nire Borrower to pay a o�-oime cbarge for an �i,+f�-•.'—
<br /> nd
<br /> icidependent m t estate tax teporting service used by Lerd�r ia connection with tius loan, ndess applicabl�law pmvides ',�'-:,.°�,
<br />. otherwise. Uc�an agreement is made or applicable lawr�qw�es i�erest to be paid, Le�r shail not ba requir�d to gay � �'�..A: .�,,:�. --
<br /> Borrower aay:�-"tetest or earnings on the Funds. Borrower and Lender may agee ia writiag. however,that i�erest shal be :;' . , .
<br /> �-.: paid an the Funds.Le�1er shall give to Borrower,without charge,aa anmial accounria8 of the Funds.showing credits end y:'�'�`',f' `. r. •' �-^_
<br /> d�;:3s to the Fnnds and the purpose for which each de(ai�to the Funds was made. Tha Fuads are ple.dged es additional . ,..��._, ,.; .::�
<br /> secr;sity for all sums secured by this Secwity lnstn�mes2. 'r r•
<br /> If¢�e l�unds held by Le�ier exceed the smou� �rtnitted to be held by appGcabte law, LerYier shaU accouIIt to '
<br /> ' Bor�wer fcr a�excess Fuads in accorc�.unx with the re4uuements of applicable law.If the amauat of the Funds held by
<br /> •ame is not sufficient to pay cL.Escrow Items when due. Le�er may sa norify Bormwer in writing.su�,in .:.'����;:�t'':
<br /> Leaiter at any - -
<br /> s�vh case Borrower shall pay to Lender tse amou�t ' ar5't o m a[s a u p t h e d e fi c i e u c y. B o n o w e r s h a l l m a k e u p e ,..�.', ;¢ ,`.
<br /> � cwScie�y in no mo�thaa twelva montWy payments,��rder's sole discntion. -4,s::;,:;�`t - i��
<br /> Upan payment ia�ull of all sums secured by �Sr�curity Ins�umen� Le�r shaU prompdy refimd�, 15ormwer �:�s� .�,: .
<br /> arry Funds h.ld by l.et�rr. If. under paragrapt�21, I.encter s5a11 acquire or s�i the Property.. Lendea.�p�ios to the =
<br /> shall a 1 an Fands held by Lender at the time of acq�ns�hon or sata�a cre3:t '%.•t . � �� ': ='"
<br /> , , acquisitio�or saL�of the PropeitY. PP Y Y * _-
<br /> .��,�`,
<br /> against the sums secured by this Security Insonimen� : . ;�;;
<br /> 3. Appl�catbn of Payments. Unless applicable law provides olherwise.a11 Aayme�s nceived by Leuslet u�'�.e. ',rf ' "�ti.,r. .:
<br /> , .. parR�;tnphs 1 and 2 shall be epplied: first, to any p�puymeni charges due under the Note: secand, to amounts payabla � :`5;-•-
<br /> . under pasagrapb 2;t6ird,to interest due:fourth,w pnncipal due;and fast,to uny fin�atul "s da si6o�nsr atui�u ble W the °- :�'�-� .
<br /> ' 4. CYaiges. Lteng. Borrower shall pay aU taxes. assessmenrs. charges. unpo ,;-;,n,�
<br /> • p�Pert3+ which may attain priority aver this Security Iastrument, and leasehold payments or graund reats, if any. . J ._^ '�• . .
<br /> Borrower shall pay tt�ese obligations in the manner provided in pazagraph 2.or if not�sid in that manaer.Borrower s6aU ,,,,�,�,_
<br /> paY them on time duectly to the person owed payment. Borrower shaU prompily furmsh to Le�c.`u all notices of amounts �: .:: ,._-_ "-`
<br /> to be paid under Wis paragaaPb. If Borrower makes 16ese paYmeats directly. Donower shall psumpdy furnish to Lxsnder r,� �::_
<br /> aeceipts avidencing the pay-�• , ��:'�`"��!
<br /> Borrowet s1�aU pm�tty d�schar�;e any lien which has priority over Wis Se:miry Instrument unless&�s�rower. (a) �.�,�. , ,,,��..
<br /> . �e,g in writing to the paymer�t of tha obligaaon secured by tha lien in e maaner accepiable to I.��er; (b)coatests in ����;_- . � -� --�'
<br /> . g o o d f a i t h t h e l i e n b y. or defends a gainst enforcement of the lien i�. legal proceedings wttich in the l.ender's opinion ::. _ _, �1R''��::
<br /> operata to prevent the enforcement of the lien; or (c) secuns fi'am�ho l d er o f t h a lien aa agreem e n t s a d s f a c t o ry t o R,.,...,..��
<br /> �e�der su6ordinnting the lien to this Secwity Instrumen� If Lender d�rmines Wat anY Part of the Praperty is subject to a : - r_,.,, ,Q..,..
<br /> �•'�.
<br /> !i� which may attain priority over this Security Ins�'�en� 1-endgr maY Sive Borrower a notice identifyin8 the lien. �
<br />: ro��,�r shal�sutisfy the lien or taka one or more of tha a:,tions set forth above wiehin i0 days of�he giving of nntice.
<br /> ' . 5.H�ard or Property lnstaance• Borrower shall keep the im�provem�nts now existing or hereaftet erected on the y� _���.
<br /> . � ProPertJ► insared �gainst loss by fire, �azards inctuded wiWin the term "extended coverage" and any oti�er ha�ards, -�----�;==""t
<br /> ..
<br /> Form30 8 9 /Page�ol 1 •"W.:, . ,���;;�t�.'
<br /> �;; .. %"f' ;.r�.
<br /> SANKEA9$YS7EM9,INC..ST.CLOUD.NN 6830T(7•80639745411 FOFiM M��'^�:2B/81 ti� '. �_
<br /> _ �l����'•:;V;�-�;`v�• -�
<br /> . . �'"4cY�..:..:��
<br />. , :Ii,':A� ,H;�'�,,r�_
<br /> - .-. , .. =��
<br /> '1,"�� • , : .. �� • . .- , . . :,�yr4r` `. ';i,;••'.. ' • , ' s*'[.
<br /> ��;
<br /> . • . , . . • . ,�. . . � . .
<br /> i�. . . • . . . , . .
<br /> c,: �� . . , . , . . ' • . ::;' . . . c''... _
<br /> . . , , . . : . ,, , . . .� �.
<br /> . . .. . .. � • , � .. ' . , . �
<br /> , .� . . .. , . �.. . : '` • • ' .<. ,• �_ . �
<br /> . ,
<br /> ,., , .. . , , . .
<br /> _ . . .� _ , .... '.yl__ : . . . . , . . �.
<br /> � . . . . . :.�;,� � i�. . . �: . .-,�,.
<br /> . , . .
<br /> .__, ... ... .. --- --... - -
<br /> ... . .
<br />- •• . _ - _ - •- - -� - - -
<br /> . ... .._ ..�_____�.
<br /> , . . . . . �. • '..,' � ' :,;. " . . . �':
<br /> ' � � ' ' • . � , .� � ' _. : I '.
<br /> . . : . ..• � . - -
<br /> .�•..
<br /> __ _ ' _"" _._���-_.�..-.-_... •_ ' .....-:�Y-�:•.'i.... , �� _.. � --'�. i� . ._�,.�....�:r j ` ' . .- 1
<br /> ' . . i' • . . y� . i
<br /> . _ . .- -. -.��...�� ��•r
<br /> ' • � ,� . • .' - , �j• �. , , ,,4' ' • , ' �, .r�' • • 4 �� . ��'�,
<br /> ., � ' - . _ •i,` •�� . . • .'� . ,. .. .. _ n. � _ .n . . . .. . _ ... .. ... .. . �� 1 ' �,4.�. . . � _ � _ � . � . . . . '�.
<br />
|