|
. , �. .. �, . �_ _" '-' . .. " - ' . . ' ' . 'i ..' ' _' _ �. ". ' _ _ . . . ' � . �- . _•• •_ •-•. T- C. . �
<br /> _ . �_ . . ` . ' _, - . . " . - � � . ` - _ . , � . � , . Y , ;. . • •�.—
<br /> . . .� . , . � . . ,c . _ - "
<br /> .
<br /> _— _ • . . . . . .
<br />' __ , . • .T__ '_' •'_". ,_�_..._.. _ ' ' — _'T, ' _ _ ._ ` .— . —' — __._.
<br /> .
<br /> 5 .
<br /> .. . . . '_"_ "�. ..___ �'_
<br /> . . ._� '—�`__ .. .i_ ._.�. , , ........�.._. .� —. . . �. -2
<br /> � f ' `,: : . , i��_`._
<br />- �l � e j!� ' .
<br /> r� .� �7�° ���rY�r� ` c :a:
<br /> � T�QGETI�R WITH all the impmvemenu aow on c�rrdficr erecccd on the praperty.aicd all casemea�ts,appartea�ances,and � �
<br /> .:' ; fixwres now or deteafter a part of tt►c propetty.l�li replacements and addidons shall aLso be covercd by this Security Instrument � , � r`�.
<br /> °. � All of ihe foregoing is ceferred to in this Securicy Insunmcnt as the"Prope�ty:' `
<br /> • l '._ .
<br /> � BORROWER COVENANTS thai Borrower is lawtuUy seised of the estate he�eby canveyed and has the right to gtant and ���
<br /> . convey the Propeaty and that the Progerty is nnencumbered.excePt for er�cumbrances of record.Borrowra warrants and wiU . _
<br />.-_-_'� defend generally ths dde m the Property against all claims and demands.subject to any encumbrances of record. �- - __. _.� �-�`�.°, -
<br /> { TEIIS SECLIRITY INSTRiJMENT combines u�liform covenants for national use and non-unifoim covenants with iimited -
<br /> i YJ� � tp g P PertY. ; ` � :�~'-'�_
<br /> variatinns b diaion w constitute a uniform sec�ui instrumeat coverin real ro j'
<br /> I ZJNIFOitM COVENANfS.Borroaer and Le�der coven�t and agree as followx � "�' y �
<br /> ' 1.Paymeat of Princ�pal and Interesg Prepayment aad Late Charges. Borrower shall promptly pay when due the �`•�'�' '-
<br /> � prinapal of and interest on the debt evidenced by the Note and any prepayment and late cdarges due under the Note. �` '""�''``�''�
<br /> ;`I Z.Fands for Taxes aad Iasaraace. 5ubject to applicable law ur w a writtea waiver by Lender,Borrower shall pay to .�:__���
<br /> ' '�• � Lend�on the day monthly payments are due�mder the Note,nnnl @[e Note is paid in fiill,a sum("Funds")far.(a)Year1Y ta�ces ' ," �__��_:_
<br /> - � and assessments which may auain priority over this Security Instrum�nt as a Hen on the Property;N)Yearly leasehold payments • �--��wa...
<br /> �� or ground rents on the Property,if anY:��)Y�Y�01 P�P�Y insutznce prenuums:(d)Yearty flood ins�.*r-��►ce pm.miutns,if _ �.� .
<br /> , , u.v.'_'--
<br /> anY;(e)9eariY mongage insivance p�aniwns,if any:and(�aaY sums PaYable by Borrower to Lender,i�a�acd2nce with the �.--'r--=- . '-
<br /> �� _��.;��..
<br /> provisions of paragraph 8. in lieu of the pa}+ffient of mortgage ins�uance premiums.'Ihese itans are c�:'s� "Escrow Items." - .,y.,
<br /> I,�der may,at aay tune,collect and hold Fimds in an amoant not to excced the maximum atnount a lender for a federally related . : � T,��'�_
<br /> �ortgage loan may re�uire for Borrower's escmw account unded the federal Real Fstafe Seulernent Praced�ues Act of 1974 as -----
<br /> � amended fmm�ne w�ae,12 U.S.C.Section 2601 et seq. ("RFSPA"),unless another law that a�lies w ti�e Funds sets a lessea • �-�-�-w��
<br /> ;i':F` amaant If sv.�.ender may,ai any time,coliect and hald Funds m an amoant not to exceed the I�amoun�. Lender may .�:•:, •--.
<br /> ::r,+ -- - . .
<br /> esmm�re ihe�un3 of Fimds due on the basis of current daia and reasonable estimates of expen9idues ot'fuwre Fscrow Items or -'=s=.
<br /> ;'���:. ..�.�
<br /> �f..•. otherovise in accordance�,�i�applicable 1aw. , •
<br /> '!he Funds shall 6e�r�'c,:in an instiNdon whose d�ts are insured by a f��agency,inst�umeatatity.or enaty(including ' �'�'r
<br /> ;I:•� . �nder,if Leader is such aa insdtutinn)or in any Federal Home Loaa Bank.7.;:-,:3er shall agply the Fwyds to pay the Esceow ��- -
<br /> ."'°:�:-, Lr.�ms.Leader may not charge Bmrower for holding and aPPIY�B��".:nds,ann�ally analyzing the escrow accoant,or verifying �'•'�•�
<br /> ,, .�� . n '.�' ;:
<br /> ;{',f �'�..�e Fscrow Items,unless L.ender pays Borrower interest on the Fur.:u�d appticable law penn_s L.esder to make such a charge. �
<br /> �. �,: �nwever,Lendea may require Bomower w pay a on�dme charge nsr an indeg�::;at real e�tax reporting sexvice nssd bY � - ;.
<br /> �de,r in connecCOn witL:�is loan,unles3 applicabie t�w pmvides otheswise.i:�r�s an agreeiment is mads cr.applicable law ,, ._ '�.;_^:
<br /> rzqunres inteaest t�o be p�.�1,I,ender shall not be requic�!to pay Bor.awu any ir,;:�t or earnings on the F�^:s.Boimwer and f�� `�
<br /> ' Lendea mar�in wriC�ng,howevea,that intaest shall be paid oa t��Funds.L.en3�shaD give�Borrower,Fr.�out ch�e,an '� " ..
<br /> • v.i�,i a� h i t W t h e Fa�:s��as ��'
<br /> a n n u a l a c c c�'�g o f t h e F u n d s,s h o w i n g c c e d i t s an d d e b i t s w t h e I"-��a n d t h e p u r p o s e f o r e a c d e b :�•L J,.:
<br /> � made.The Fuads are pleti�ed as additional se�vrity for all sums se�ure�iry this Sec.��y Insunm�. -� `� "r';;,.rs`';..�:
<br /> _ V If the Funds held by�nder exceed the amaunts permiued ro be held by apFt;:cat�a law,Leaide,r sWall account to Borrower for - ,
<br /> the e�ccess F�mds ui accor",.�ce with the requiremenis of applicable 1aw.If the a�r�t of the Funds heid by Leader at any tune is � '•i:r.�,�:�-
<br /> ,�s�;.•'; not sufficieut to pay the Fs..zow Items whea due,Lsnder may so notify Bomnwer�writinng,and,in sucd case Brnrower shall pay '.�
<br /> .,', w Le�der the amount necessary tn ma�e up the deficiency. Borr���r shall make up the dc�:;ancy in no more thaa ta:�'ve __ ��.
<br /> • monthly paymeats,ai I.e�d�r's sole discreuon. _-°� .,
<br /> . Upon payment in fu13 af all sums sea�red by this Security Instrumenb Lende�shall pmmptty refund to�wer any F�c..'s �.:� �,`
<br /> • hsld by Lendea.If,under�aarag�aph 21,I.ender shall acaaire or sell the Property,L.end�,Prior to the acqu:.�:�a or saIe ef the ` . °,,o.�-
<br /> � Yroperty,s+�'!apPly aay�unds held by Lenda at t3:��e ef acr.aisidon or sale as a credit��.,�st the sums sec�ued��=:is �•�'�'��`�`=�'�
<br />, •;; —
<br /> . � Sec�ity In�eat �'LL--p. _
<br />� �' 3I.App&�at�ua of�x�enta Unless applicable iaw provides otherwise.all payments rece;.-��ai by Lender under parag�bs r:�:.,-_�
<br /> 1 and 2 shall be appli�f:E�st.w any prepayment c�arges due under the Note:second,w amoants payable�md�er parag�aph 2; �q� •:�'�:- .
<br /> . third,to�t�rest due;fourlx.3o principal due;and last,w any lase charges due wnder the Note. �
<br /> 4.Charges;L�xns. Borrower shall pay all taxes,assessments. char�es,fines and impositions amibutable to tha PropeRy �•'`.•. `�=-�-r-:
<br /> which may ariain priority over this Secmity Insuument,and leasehQ'_3�ayments or ground ren�.�any.Bormwer shall pay these �'�'H .-.�- .
<br /> . obli ons in the manner vided in aiagra�h 2,or if not aid in t�at mannea.Bonrow�shdl than on tia►e directly tn the Y', .°:;;•: , .T
<br /> S� Pro P P L�Y r.���;s�:
<br /> � pason ow�l paym,za�t Borrower shatl promptly fara:sh to Lende�all nodces of amounts w be paid ua�this pazagraph.If : ,,��. . _
<br /> • $otrower makes these payments directly,Borrowea� �' promptly fumish tn Leadea receipfs evidenang the�..��enta. <--.�i.�i:._ ... _ _
<br /> Bonawer shaD promp8y dlscharge any lien wtu.-cJs Nas priority ovez this Secvriry Insocument untess Borrower.(a)agrees in .��. .T:
<br /> ' writinng to�payment of the obligation secured by tfie lie.n in a cx:.ner eceeptabte to Lende�;(b)contests in good faith wn.lien ��r,.�:,� ,��-
<br /> :-�;�r.�,�_._ .
<br /> by, or defends against enfoiccment of the lien in. legal procee��.�gs which in the Lender's opinion operate w precass the ,�, -�-�=--
<br /> acm
<br /> � enfonement of the lien;ar(c)secures hom the hotd�of the tien an agreement satis to L.endca subor�+' tin the lien to ��.��'�t,.-��:
<br /> factnry S � �+.�aa ,;__ ..
<br /> � this Security lnsunment If Lender det�mines that any Dart of the Propetty is su��ct tn a lien which may 2�im priority over this �. • '
<br /> � S¢quity Insuument,I,en�may give Borrower a notice identifying the lien.Es:�ower shall satisfy the lien or take one or more � ���%�• ��_
<br /> -_•.�-����
<br />. of the ac6nas set forth above vrithire 10 days of the giving of naHce. __�.-�•----=
<br /> Form 302,� 9/90 ,�`'''�:` `.
<br />. ;�S'l;.i�': _ ..
<br /> �•8H(NEy�e2,z�.a, Pape2ote tmuair. . . - -
<br /> , .. . . . .
<br /> . . � . . . . . ; . .. � . • .
<br /> , . � , � • -• — � ..__ • ( -�� - -�..,__ '.
<br /> ,...�„-.--�-�—' --,--.. .. ' , ' .. "_.f�. . • ` . . . .. .
<br /> , � ' � , ' ...� . • . . � �.. ` . , . ' ,. .. , . • . � .'
<br /> . . . . . •.•.. . . . . .. . .. .. . . .
<br />
|