|
-,, .�
<br /> 'at._.. . 11 1`�1�._
<br /> ,,......�;• . . � „ . .,�.,,'�f�►1'='�*� =
<br /> .. ���;
<br /> L � • �� • - - -- ..., — - ----1 ��-:
<br /> � • , , .n,y.....c-�e e+t W-'*x:-��... . - -� � � - ''. ' . . .- .. 7i'�'�+�-'°a�^-e±-.�,�, --_..
<br /> , . ._. . .. --�xM� .. . , . , .. .. .. u�r,�`i 4
<br /> 98�. :�U��83
<br /> � s nnw an c�rcuhcr crcctcd on thc propeny,und'��I r•rycmcntti,�ppunenuncc,,und ,..�,,.A?
<br /> TOGf.CH�R WITH ull thc imprcivcm�nt
<br /> � fixtures nuw or hereufler a pun nf the property. All repinrements und additionti shull ul,o he covereJ hy this Sccuriry . ,
<br /> Instrumcnt. All of thc foregoing is rcferrcd ta in thi�Security Instrununt ux the"Property." , �._:-:
<br /> ; BORROWER COVENANTS that Barrowcr is lawfully scised uf thc cytutc hcrcby cunvcycd and hus thc right to grunt und ; �':',,_,
<br /> 'L'i i�_..e-
<br /> ' convey the Prnperty and that the Property is unencumbered,except for encutnbrances �if record. Borrower warrants und will �,_
<br /> :, � defend gcncrally thc tidc tn�he Prupeny uguinti[all�laiins and demands,suhjCCt t�i any rnrumhn�nccr uf record. :�A�.��
<br /> � � THIS SECURITY 1NSTRUMENT mmbincs uniform cnvenunts for nutional usc and non-uniforni covcnants �vith limitcd �:_.M.---
<br /> �»'''""�'`"'�•` vuriutians by jurisdictian tn constitute a uniform security instrument covering reul propeny. ___
<br /> `n'd'"""�� UNIFORM COVENANTS. Borrower und Lender covenant and ugrec as follnws; —
<br /> ' 1. Payment of Principal and Interest; Prepuyment und Gate Charges. Borrowcr .hall prcmiptly pay when due the _
<br /> � principul of and interest on thc debt evidenccd by thc Note and any prepayment and late churgcs duc undcr the Note. �_:Y
<br /> 2. Funds for Tax�und Insurance. Subjcct to applicable law or to a written waivcr by L.ender, Barrower shaU pay w � _
<br /> Lendcr on the day monthly payments are due under the Note,until the Note is paid in full, a sum ("Funds")for: (a)yeurly tuxes —_
<br /> ' nnd assessments which muy attain priority over this Security lnstrument as a lien on the Propeny:(b) ycurly Ieasehold Nuyments
<br /> ar ground rents on the Praperty,if any:(c)yearly hautrd or property insurance premiums; (d)yeurly fla�d insurance premiums,
<br /> .{ if any: (c) yearly mortgagc insurance premiums, if any: and(� uny sums payable 6y Borrowcr to Lender,in accordance with
<br /> „ �'' the provisions of paragruph 8, in lieu of the payment of mongage in�urance premium+.Thesc items ure called "Escrow Items."
<br /> � i' Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amaunt u lender for a federally
<br /> t• related mortgage loan may reyuire far Borrower'ti escrow account under the feclerul R�ul ES[ute Settlement Procedures Act of =
<br /> � 1974 as amended from time to time. 12 U.S.C. Scction 2601 c>t seq. ("RESPA"), unletis anothcr law that applies to d�c Funds =
<br /> sets a lesser umount. if so, Lender may, at uny time, collect and hold Funds in an umount not ro excerd the Iesser amount. _
<br /> � ,� l.ender may estimate the amaunt af Funds due on the basisof current data and rensc�nable estinwtes of expenditures of future --
<br /> Escrow I[cros or othenvisc in accordancc with upplicablc Iaw.
<br /> The Funds shall bc held in an institution whose deposits are insurcd by a federal agcncy, instrumentality, or entity
<br /> � "'�• (including Lender,if I.ender iti such an institution)or in uny Federal Home Laan Bank.Lender tihull apply the Funds ta puy the
<br /> , Escrow Items. L.endcr may not charge Sorrower for holding and applying the Funds,unnually analyzing the escrow account,or
<br /> ' verifying the Escrow Items, unless Lendcr pays Borcower interest on thc Funds und applicable law permits Lender to make such
<br /> a charge. However, Lcnder may require BoROwer ro pay a one-timc charge for un indcpendent rcal estate tax rcporting servicc
<br /> used by [.ender in connection with this loan, unless applicable luw provides othenvitie. Unless an ugrcement is made or
<br /> � applicuble law requires interest to be paid. �endcr snaii no�nc requi�rd Iu{idy B:�rrower any inic�:st ur esming���n r�e Funds. -
<br /> � Bocrower und Lendcr may ugrcc in w�iting, hawevcr, thut intcrest ,hall be paid on thc Funds. Lcnder shall�;ivc to Borrower,
<br /> without churge, an annual uccounting of the Funds, shawing crcJits�nd debits tu the Funds und the purpose fcsr which cuch
<br /> debit ro the Funds was made.Thc Funds arc plcdged uti additional security for all sums securcd by this Security lnstrument.
<br /> If thc Funds held by I.endcr cxcccd thc umuunts permitteci to be hr.ld by applicablc luw.Lcnder shull account to Borrower
<br /> for the exress Funds in acc��rdunce with the requirementti of upplicable law. (f thc amount o(the Funds held by Lcnder ut any
<br /> , t time is n��t sufficie�it to pay thc�ycrnw Itctns when Juc.I.endcr muy so notify Burrowcr in writing, und, in such rasc Borrower
<br /> � , ;hall pay tu I.endcr thc amount nccc�sary to makc up thc dc�cicnry, Borrower shall mukc up thc dcficicncy in no morc thun
<br /> twclvc munthl� paymcnts,at lAnJcr'a sole Jiticrcti�m.
<br /> Upon payment in full of all sumti .crured by this Security Instrumem. [.ender tihull prumptly refund to Burrowcr any
<br /> • FunS�held hy Lendcr. If,undcr parugruph Z I. Lendrr shull acyuirc ur scU the Priiperty. [.endcr,prior to the acquisition or salc
<br />= of thc Property. shall apply any Funds hcld by Lcndcr at thc tinx uf acyuisiti��n��r salc ati a rrufit ugainst dic sums sccurcd by
<br /> t. �� � � ' this Security Instrument.
<br />`" 3.Appltcation oF Pnymcnts.Unless upplicuhlc l:�w providcs othcrwisc,all paynunts rcccivcJ by Lcncicr undcr paragruphs
<br />- � 1 und 2 shall be applicd: firtit, to any prcpaymcnt chargc�due uiider the Notc: sccimd,to amounts payuhlc undcr puragruph 2:
<br /> � third,to intcrest due;fc�urth.to principal duc;and last,to uny latc chargcs duc undcr thc Notc.
<br /> � 4.Char�eti; I.ienti.Borruwer tihall puy all taxes,ussessmcnts,charges, tinc�unJ impositions uttributablc to thc Propeny
<br /> which muy attain priority over thi� Security Instrument, ancl leatiehold payments or ground rents, if any.Borrower shall pay —
<br /> ��'' - thcsc��hligution.in thc n�nncr provided in paragraph 2. or if not paid in th.tt manncr,Burrc�wer sliall puy them on time directly
<br />� , tn thc person owed paymcnt. Borrowcr shall prompdy furnish tn Lcndcr ull noticcs of amounts to bc paid under this puragr�ph.
<br /> u If Burruwer makcti thcsc payn:��,c.a�T«►iy,Borrower shall promptly furnish to Lender reccipts evidencing the paymcnts.
<br /> „ . Burrowcr shull promptly dizc;hargc sny lien which has pric�riry ovcr this Sccurity Instrument utilcss Burrowcr: la1 a�,reeti in �
<br /> writing to dic paynunt c�f the c�bligation sccureJ by the licn in a manncr acreptahle to Lendcr. (b)contcsts in good faith the lien _
<br />_ � by, or JcTcnds again+t cnfiirccmcnt af thc licn in, legul prucccdings which in thc Lcndcr's opinion operutc tc� prcvcnt thc �—_
<br /> ����
<br />_ . � cnfurccmrnt cif thr licn: or lr)scrureti from thr holdcr i�f thc licn an xgrecmcnt satisfactory tu Lcndcr subnrdinating the licn to �rv
<br /> � this Scrurity In,trumcnt. If Lrnder drtcrmincti that any pan of thc Property is,ubjcct tu a lirn whirh may attain priurity ovcr o_ --
<br /> this Securiry In+trununt.LrnJer may give Burru�ser a notice iJrntifying thr lien. Bi�rrou•rr.tiall tiati,fy the lien c�r take one ar
<br /> mom uf dic actiun,xt tirrth abovc within I�days ot'thr gi�•ing of noticc. %°'-�
<br />' Form 3028 9l90 -_
<br /> - . P(111a 1 ot G �
<br />:_. I
<br /> �..L_. ... . .__ ..._
<br />
|