|
. ':� �
<br /> ,. �::�. .
<br /> �, � - . . - -
<br /> a� ���'' �,�. -_F`:�._
<br /> ......�-►- . � ., " . .�.,?��-` •,....,
<br /> •t ' .. „ ;�:jt,�-_.�-
<br /> „ , .ax�ti� ---
<br /> . f. ' _:_
<br /> t��:.,.4 �� --
<br /> . .f .. . . ,l., �✓�5����.ryY::— _
<br /> ,. . ,. . . . � .. . ._ .. . . ' -.>,.�:�.,:, -
<br /> � �� � :•rr:rn.-_'
<br /> � �l�)�193 -:�t:,3�,,
<br /> TOGETHER WITH�U thc improvcrnents naw or hereafter erected on the propeny. and.dl casenxnts,appurtenunceti.and =;...'i;'�::
<br /> .�, fixtures now ar hen:after a part of the propeny. All replacements nnd uddicionti +hall alsu Ix� r�we:reJ hp thi� Security _:k��
<br /> Instrument. All of the Forcgoing is refcrred m in this Security Instrument as the"Property." {�
<br /> '{ HURRUW�R COVENANTS tha�Burruwcr i, lawl'ully.citicd of thc cstntc hcrc6y ccmvcyrd ansl has tl� righi t��gmnt nnd '1'•� J��
<br /> k' 1 convey the Property and that the Pr�perty is unencumbered, except for encumbrances of record. Borrower wurrunts und will �'y`"'�'�=
<br /> ""- -- -
<br /> ��"""""� � defend generally the tide to the Pro en aguinst all cluims und demunds,subject to uny encumbrunces u(recnrd.
<br /> , ..._..+M�, p y� �':Y
<br /> � THIS SECURITY INSTRUMENT combines uniform covenants far national use und non-uniform cuvenunts with limited r.:j`_ �_
<br /> �=•---
<br /> f variations by jurisdictinn to c:anstitute a uniform securiry instrument cavering reul pr��perty. ���� ""'
<br /> � UNIFORM COV�NANT5. Borrow�rand I.cndcr cavenunt und ugrec us fallows: •� �"�
<br /> 1. Payment of Prii�cipal and Inferest; Prepaymcnt and Lute Charges. Bormwer shall promptly pay whcn duc the __.r_
<br /> principal of and interest on the debt evidenccd by the Note and uny prepayment and late chargcs due under the Notc. f'-
<br /> .��_
<br /> 2.�Fnnds for Taxes and Insurance.Subject to applicable luw or to a written waiver by Lender, Borcower shall pay tc� _
<br /> ir.nder on thc duy monthly payments are due under the Notc,until thc Notc is paid in full,a sum("Funds")for:(a)yearly taxes
<br /> and acsessments which muy attain priority over this Security Instrument as a licn on the Property;(b)ycarly leasehold payments
<br /> � or ground rents�n the Prnpeny, if any:(c)yearly huzurd or property insurance premiums;(d)yeurly flood insurance premiums,
<br /> 'i' if any: (c)yearly mongags insurance prerniums, if any; and (� any sums payable by BoRower to I.enda:r,in uccordunce with =_
<br /> ,�' the provisicm�of puragrAph 8,in lieu of the payment of mortguge insurance premiums. These items ure callecl "Escrow Items." ---
<br /> „. Lender muy. at any time, collect and hold Funds in an amount not to exceeJ the mauimum amount a lender for a federally --
<br /> � related morcgnge loan may require for Borrower's escrow account under the federal Re.al Estate Setdement Procedures Act of __
<br /> 1974 us amcnded from timc to time. 12 U.S.C.Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds -
<br /> • ���� sets a lesser Amount. If so, L.ender may. at any time, collect and hold Funds in an amount not to exceed the lesser amount.
<br /> I.endcr may estimate the amount of Funds due on the batiis of cunent data anci reasonable estimates of ezpcnditures of future
<br /> �, Escrow Items or otherwise in accordance with applicable luw. ';
<br /> � The Funds shall be held in an institution whose deposits are insured by a federal agency. instrumentality, or entity
<br /> � (including L.ender,if I.ender is such an institution)or in any Federal Home Loan Bank. L.ender shall appl y the Funds to pay the
<br /> � Escrow Items.Lender may not charge Barrower for holding and applying the Funds,annually analyzing the escrow account,or
<br /> verifying the Escrow Items, unless Lender pays Bonower interest on the Funds and Applicable la�v permits Lender to make such
<br /> -- -_: _-- ::� �
<br /> " a chnrge.However. Lender may require Horrower to pay a one-[ime charge far w� indepeuJc�ii icul caWCc IdiC i�parting scr.•icc
<br /> used by I.ender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or ,
<br /> applicable law requires interest to be paid,Lender shull not bc required to pay Borrowcr any interest or carnings on the Funds.
<br /> Borrowcr and L.ender may agree in writi ng,however, thut interest shall bc paid on the Funds. Lender shall give to Borrower,
<br /> . �vithout charge, an annual accaunting of' thc Funds, showing credits and debits to the Funds and thc purpose for which each �
<br /> debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Security Instrument. �
<br /> • : i If the Funds held by Lcnder exceed thc amaunts permitted to be held by applicable law, L.ender shall uccount to Borrower
<br /> for the excess Funds in accordance with the requirements of applicablc law. If the amount of the Funds held by Lender at any
<br /> timc is not sufficient to pay the Escrow I tems when duc,l.ender may so notify Borcowcr in writing. and. in Such case Borrower
<br /> shall pay ta Lender the umount necessury to make up the deficiency. Borruwer shall m�lce up the deficiency in no more than
<br /> twelvc monthly payments,3t I.ender's so le discretion. �
<br /> ., � Upon payment in full of all sums sccured by this Security Instrument, I.ender shall promptly refund to Barmwer any
<br /> � Funds held by Lender. If, under paragraph 2l,Lender shall acquirc or sell the Propeny, Lender,prior tc�the acquisition or sale
<br />. of the Property, shall upply any Funds held by I.endcr at the timc of acquisition or wle ati a credit aguinst thc sums secured by _
<br /> this Sccurity Instrument.
<br /> 3.Applicatlon of Pnyments. Unless applicuble luw provides otherwise.all puyments rcceived by Lender under parugraphs
<br /> � 1 and 2 shall be appliecl: first, to uny prcpayment charg�s duc undcr the Notc; sccond, to umounts payablc under puragraph 2;
<br /> third,to intcrest due; fourth,to principal Jue:and last,to any latc charges duc unJer thc Note.
<br />- .. �t 4. Charge�s; Ltens.Borrowcr shall pay all taxcs,sssessments, chnrges,fines and impositians auributablc to thc Property
<br /> . '` which may attain priority ovcr this Securiry Instrument, und lussehold paymcnts or ground rents, i(any. Borrower shall pay -
<br /> � these obligations in the manncr prnvidcd in paragraph 2,or if not paid in that manner.Borcower shall pay ihem on time dircctly
<br /> to thc person owcd paymcnt.Borrowcr�twll prompdy furnish to L.endcr all noticcs of amounts to bc paid undcr this paragruph. �
<br /> � [f Borra�ver makes these puymcnts direct ly,Borrower shall pr��mptly furnisli to Lender reccipts evidencir�g the payment,. -
<br /> Borrower shull promptly discharge :my licn which has prioriry crver this Security Instrument unless Borrower: (a)agrees in
<br /> writing to the payment of the c�blig�tinn sccured by thr lien in a munner acceptuble to Lender; (b)conte�ts in gcwd faith the lien �_��_
<br /> • hy, or dM'ends against enf�rcemcnt of thc licn in, lcga l proccc dings w hir h in t hc Lcndcr's opinion o peratc to prcvent the �i;=,,,.--.--..
<br /> cnf'orcemcnt of the lirti:or(r) .ccures from thc h��lder of thc licn an agrccmcnt satisfartory to Lcnder subardinating the lien to �, s�.F
<br /> this Scrurity [n�trumcnt. IF I�;nJcr detcrmincs thut any part oF thc Property is suhjcct tn a lien which t�iay attain prioriry over �
<br /> this Se�urity Intitrument. I.cndcr ntay�ivc Barrowcr a notirc iJentifying thr licn. Borcowcr shall cati�fy thc licn or takc one or
<br /> mc�rc c,f thc:+rti�m��ct tiirth abuve withi n 10 dayti uf thc giving cif notirc.
<br /> Form 3028 9190
<br /> Pnpc?o�G
<br /> �.. . ,.,.__ � � -.. _ .-;
<br /> � . . „ . . ,. ...��_'—
<br /> � i
<br /> �._-__. _ _. _ .. .__. .—
<br />
|