|
'C'%�. '-e::.'." . ` ' _ S .
<br /> . , . .• .
<br /> ., ...,_. ..:, _ rc .. _ .�....r� •q- . z... �0. :-C .�c �SS ' i
<br /> -t S ��A "2 _...i.i < :1`�'
<br /> _ " : � . '�. - �
<br /> , .:_ " .��__ - . __ ". _""__ _ — __ . � __ -: .. ._ __ _ - -"—
<br /> .c �
<br /> � _ ; . � . �. '' . .. v; . _ . .
<br /> ��
<br /> .37rs . C
<br /> ,� . ,. , . . .;• c� , .,..: '. ..� . ,:. ,
<br /> .- ..�
<br /> ,P _ _ _ ._`'.
<br /> . .. ,
<br /> . . `�� � . , � . �T� t'cl '
<br /> . ._�.�. i`.�' , . ..._.,. . 4�'�-.>�_. '. . .-.4 .t .. .. .. �� .. • _ � ( .... < . _ . �C l. v C .
<br />. � .[' i. ` . . . ` ' ._
<br /> , ``'` . .i<, - - - -C < • ` ' y ...
<br /> e c J tc . r 1:. . � _ . . - ... � � . . _ . ' c ... . "-���4 .
<br /> •�. . 4`' .✓�. _ . .. - - ". ' . • _ . ' •t. . i`�' . - � , �"v'.,-� ..
<br /> . • �� ' . . ' ' •. •�.�� , �,.t . c . . . , - 5 ` . . _ . , ' ` ,. �� , � � ` .
<br />� -C_ ' . . . �a . i' � � • < (.t r ' 4F i ' .a' . � � `�t;4 � ,�.��%�..�....i..`' , ..�.�.�s�.j- 6 ��� ` -�` . ,
<br /> � c
<br />_'� . - .. ' '�}' '
<br /> . � � �= 9�� �o��'��d ; - . .. .; . .
<br /> ���` ' ' TOGETHER WtTH all the improvements now or hereafter erected on the property.and a11 easements,appurte _` .'� • _
<br /> • - �:.`: _ .
<br /> "r� . ' fi�cwres aaw or hereafter a part of the propercy. F►1� replacements and addiaons s[zall also be covered by this Security
<br /> ;Y�.. � � .-`"�;� Insuument.All of the foregoing is referred to in this Security Insuument as the"Property+." - .,, .
<br /> - - ' BORROWER CQVENANTS that Bomower is lawfuliy seised of the estate hereby conveyed and has the right to grant and '`� :" <<' s: '�
<br /> . ��-��-�^'` convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will =,. _
<br /> ..-� �:: ' . defeud generally thc titte to the Pcoperty against all claims and demands.subject to any encumbrances of record. _ -, ,. „
<br /> — - = TEiIS SECURiTY INSTKUMEMT combit�es uniform covenants for national use and non-uniform rnvenants with{imited �`:_ .
<br /> � .` variations by jwisdiction to constitute a uniform security instnunent covering real property. .;•.�. `.. .
<br /> IINIFORM COVENANTS. Borrower and Lender covenant and agree as follows: ' � . _
<br /> - � � 1. Paymeat of PrindQal and �est; Pc'epayment and Late C6aiges. Borrower shall promptly pay when due the i;� . ; :",::.:
<br /> - - � principal of and interest an the debt evidenced By the Note and any prepaymei►t and tate chazges due under the Note. � � � .� �
<br /> . _ : "�.; `...:f `:.;'
<br /> •- - - 2. �unds for Taxes and Insararace. Subjecc to applicabie !aw or to a written waiver by Lender. Barrower shall pay to � � � °� ,. __
<br />�'� . Lender on the day monthly payments are due under the Note,unul the Note is paid in full,a sum("Funds'7 for.(a)yearly taxes t�. .- ° ��� ;-=j
<br /> � ..� ' and assssmenFs which may attain priority over this Security Insuument as a lien on the Praperty;(b)ye�rly leasehold payments � . ',;r-n. �
<br /> . . _ ar graund rents on the Property.if any:(c)yearly hazard or pmperty insutance premiums:(d)YeariY flood insurance premiums. ; � •-- :
<br />� " mort a e insurance remiams. if an and(�any sums payable by Borrower ta ixnde'r. in acca�dance with ".��""'"
<br /> � �' _ . ..: _. if any: (e)Y�*�Y S � P y� -
<br />�' � °,� the provisions of par�agraph 8,in lieu of the payment of mortgage insurance pr�emiums• "Phese items are called"Escrow Items."
<br /> ' ; Lender ma y, at any time,coltect and hold Funds in an amount not to exceed the maximum amount a lender for a faderally � ` , �
<br />_ �- � � related mortgage loan may require for Borrower's esciow account under the federal Real Estate Settlement Pra�xdures Act of � ��. . ,� :..�_
<br />= u �. 1974 as amended from time to time, 12 U.S.C.Section 2601 et seq. ("RESPA").untess another law that applies to the Funds . i ',},".r;;-
<br /> f ,. ` . _.. - sets a lesser amown. If so,Lender may.at any rime.collect and hold Funds in an a�ount not to exceed the lesser amount. ;t��,�;._
<br /> � , - - I.ender may estimate the amount of fiunds dae on the basis of current data and reasonable estimates of expenditures of future ,. :-��. _.
<br /> ' Fscrow Items or otherwise in accordance with applicabte law. ��
<br /> The Funds shall be held in an inctitution whose deposits are insared by a federal agency. it�strumentality, or entity �y:
<br />- . ` ,� (including Lender,if Lender is such an institution)or in any Federa!Home Loan Bank. Lender shall apply the Funds to pay the �',���
<br /> : .�:
<br />- " "^ " "" Escrow Items.Lender may not charge Borrower far ho l ding an d app lying t he F u n d s,a n a�a a l l y a n a l y z i n g t h e e s c r o w a c c o u n t.o r ;...��,
<br /> d, � . .. verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permiu Lender to make such ','���=�
<br /> ���
<br /> ' � a charge.Ylowever, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service :; f�� .:.`;�_��
<br /> • ". used by Lender 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 shaU noi be required to pay Borrower ar►y interest or eamings on tlte Funds. , � .��>>-
<br /> _'�
<br /> • � • Borrawer and Lender may agre� in writing, however,that interest shali be paid on the Funds. Lender shal!give to Borrower, '• •s•--_
<br /> :"'�`;�
<br /> r • �, witliout charge, an nnnua!accounting of the Funds, showing credits and debits to the Funds and the purpose for which each .r�
<br /> � debit ta the Funds was made_The Funds are pledged as additional securiry for all sums secured by this Security Instrument. . �: _�:�::
<br /> ` � � If the Funds hetd by Lender exceed the amounts permitted to be heid by applicable law. i.ender shal!account to Borrower i'.._'.;;,;,�,:;�`�___
<br /> �� ���- . � - for the excess Funds in aaordance with the requirements of applicable law. If the amount of the Funds held by Lender at any �
<br /> , " . ,; time is not suffcient to pay the Fscrow Items when due.Lender may so notify Borrower in writing,and.in such case Horrower , .��
<br /> � . . ' ". �; shall pay to I.ender the amount necessary to make up the deficiency. Boaower shall make up the deficiency in no more than �, �=�.-
<br /> �_ twelve monthly payments,at I.ender's sole discretian. -�y
<br /> � '� `
<br /> � . � Upon payment in full of all sums secured by this Security Instrument. l.ender shall promptly refiin d to B orrower any �,,.'. '���-
<br /> � F�^.ds tiPt�!h�Lender.if.under paragraph 21.L.ender shall acquire or sell the Pmperty. Lender.prior to the acquisition or sale __ _ _
<br /> j . . �.
<br /> � . . : of the Property.shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by �,..r:��}.:
<br />��; . , . : ..':.� this Security lnsuument. �,� ,' ,::_
<br /> 3.Applicatton of Payments.Unleu applicable law provides othenvise,all payments received by I.ender under paragraphs
<br />_`� ;• �' � 1 and 2 shall be applied: first,to any prepayment chnrges due ander the Note; second, to amounts payable under paragraph 2: � ��''•fi�
<br /> �' ` third,to interest due:founh,to principal due:and last,to any late charges due under the Note. , ' �_
<br /> •� ', � 4.Charges;Liens.Borrower shall pay all taxes,assessments. charges,fines and impositions attributable to the Property • , �.
<br /> ' � �� whicb may attain priority ovcr ihis Security Instrument, and leasehotd payments or ground rents, if any. Borrower shall pay .
<br /> .: � � � . ` these obli�ations in the manner provided in paragraph 2,or if nat paid in that manner. Borrower shall pay them on time directly .
<br /> ,: •,..
<br /> ' i to the person owed payment. Borrower shall promptly fumish to I.ender all notices of amounts to be paid under this paragraph. .. .
<br /> � If Borrower makes ihese payments directly,Borrower shall promptly fumish to Lender receip�s evidencing the paymenu. ,
<br /> ; •• Bonower shall prompUy discharge any lien which has priority over this Securiry Instrument unless.Borrower:(a)a�rees in .
<br /> . ' � . writing to th�payment of the obligation secured by the lien in a manner acceptable to Lender;(b)cantests in good faith the lien
<br /> . � by. or defends against enforcement oi ch� lien in, legal procecdings which in the Lender's opinion operate to prevent the ..
<br /> � enforcement of che lien: or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to . �
<br />° � . this Security Instrumcnt. lf Lender determines that any part of the Property is tiubject ta a lien which may attain priurity over . � .
<br /> �`' .� this Security lnstrument,Lendcr may give Barrowcr a noticc identifying the lien.Barrower shall satisfy the lien or take one or
<br /> � , more of the actions set forth above within 10 dayti of the giving of notice. ' , �" �
<br /> • . Fo►m 3028 9:9D •
<br /> . � , vago 2 0�6 , '- ' ' -
<br /> • ' . _ . , ' . . - . ' . ' ; _ . . . . . . . . . k •
<br /> �. ; . . . . . , . . _ . _ . . . . . - . .
<br />:. . , � . � . - - _ __ .
<br /> ...0 . .. . . . . . . . . .. . � . .. . . , . . . ' .. . ... .__ .. •i' . ..._. .. ..�-. . . . . .._. . .. �_ .. .. �� . . . . - . ._ .. . � . .� .. ._ ,
<br />
|