|
� - -�!`:t. . . • .. . . " � _
<br /> . , . . .r _ � .� j � . . . . • �. _.. ..
<br /> - . , .< . . . . . _ . �-_ ..l-+.3_r"' _ '.te'_
<br /> . .. .` ' ( ♦ .�. .. .` ` . � ��... .� . l , ` . ` . � . .. � . � .. • .,�( .,, _ . ' �f _ .. T ' < ^`' _.
<br /> , � , � �l , f � ` .. . ' ' . . . �. �` �( ` S - .. . .``— . _.
<br /> , - ' ` , . . _ (.. . —. • � . ` . _ ,_� ____...__.� . ., . .. .. .� • ' . . . ., __' ; �cr �`
<br /> � - ` f' _. .. . _ _ . . . — � . ,a . . :.' .
<br /> � �� 9� �c��� � , ; ._ �
<br /> ` � '[�OGE1'EiER WTfH all the impzovemeats now or hereafter ere�tnd on thc pmperty.and all r�sements.appurtcnaaces.and G,... � .
<br /> , � � � � fu�wres now or hereaft�er a part of the property.All rcptac�ments and additioas sball also be wvered by this Security Inswment . • ,
<br />- � '' All of ihc foregoing is refcrre�w in this Security Instrument as ttie"Propeaty." � ` ' �
<br /> . � .
<br /> � r BORROWER COVENAN'1`5 t�at Borrower is lawfully seited of the estatc kereby conveyed and has the right to grant aad �� '
<br /> • . -_ ,} convey the Property and that the Prope.rty is unencwnbemd.eacept for encumbrances of record.Borrower warrants and wilt �` • • ,
<br /> - � defead ge�erally F2se titt�to the Pta�ty aga�nst all claims and demauds.subject W any encutnbtances of rocord. --_--_`! __ -
<br /> � . , � THIS SECURTTY INS7'RUN�N'P combines uniform oovenants for narianal use aud non-uniform covenanu with limited . , • _,-11``� ,
<br /> . _, ; variatioas by jurisdic6on w consuwtc a uniform securiry instrume�t coveriAg real pmpeny. . . '
<br /> . } (TNIPORM COYENANTS.Bo;mwer aud l.ender covenant and agree as follows: � _- �°` '�.
<br /> ; i i.Payment af Priaapa9 and Intens�Prepayment aad Late Charges. Bmrower shall [��AUY Pay whc,� due the . ° . : .-
<br />_ principai of and intere�on the de6t evidenced by the Note and aay prepayment and laze cdarges due under the Note. 4
<br /> Z.Fonds fos Tazes and Imurance. Sub'ect ta agplicable law or to a wriueo waiver by Lead�. Borrower shall pay to �• .. ` ��� I _
<br /> � j f ,, ..,,,
<br /> ' � i� ' � l.ender on the day monthlY PaYments are due�mder the Note.until the Notc is paid in fu11,a sam("Funds")for.(a)Y e az i Y�es ! • ,, .;,.`r.t•__ _�
<br /> antl a�sessments which may auain priority over thi�Security Instnunent as a lien on the Property;N)Yeazly teasehold payments f :
<br /> . ' ? � or ground rents on the Propecty.if enY+�c)Y�Y�ot pmperiy m5ucdttCC pn.'mtums',(d)Yeas1Y llood inc�iranCe premiums,if � . —
<br /> : � ; anY:(e)Yearly mongage insurance praniwns,if anY;and(�any sums payab2e by Borrower to L�ader.in accordance with me 4" �
<br /> pmvisions of paragraph 8, in lieu of the payaient of mortgage insurance premiums.'fhese iteuLS are called "Esc�ow Items." � • .
<br />-_ , , �� Lenda may.at any time.collect and hold Funds in an amount not w exceed the maximum ausount a lender for a�federally relased ' ' `� � ���I�
<br /> - mortgage loan may require for Borrower's escrow account under the fedecal Reat Es�tate Setdement Procedures Act of 19'14 as , �� � � �.�
<br /> �� amended from tiQCe to timc,l2 U.S.C.Sec�on 26U1 er seq. (".RFSPA"),untess another taw tLat agplies to the Funds sets a lesser , ��g
<br /> � a
<br />�- . '` amount If so,I.e�der may,at any time.collect and hold Funds in an amannt not m eaceed the tesser amount l.ender may :-_-�. :•3 ..
<br /> � � • - esmnate the amount of Funds dus on the basis of cum;nt data and masos�able esnmates of eupendiwres of future Fscmw Items or _ r �,, .�,�
<br /> --�_.-
<br /> . . ' � mheiwise in accordance with applicabte law. � °:•;;'�.
<br /> . . � `� `'- °_-
<br /> • The Fund4 shall be held in an insatudon whose deposits are intivred by a fedeial agency,i�stnunentality,or eutity(inciuding ( ` .t•Q
<br /> . I.eader.if Lendea is such an insptution)or in any Federal Home Loan Bank.Y�tder sLall apply the Funds m Pay the Fsaow i . '. ` � �_.. .�:'
<br /> ,,., -. f .. .. -�;,`
<br /> .. ; �,
<br /> Items.Lender may not charge Bomower for holding and applyin8 the Funds,annuallY analyzing the escrow account,or verifying f. � �•';����.-?�:
<br />•• � the Escmw Items,uniess Lender pays Bomowea int�cest on the Funds and applicable 1aw permits i�nd�w make sucb a charge. � � :r�A.,�,�.:.
<br /> ' However.Lendea may require Bosowea tn pay a on�time c�harge for an independeait real�ate tax repordrig � • ��
<br /> seivice used by . � '�t;,.
<br /> :�;
<br /> � . � Lender in connearon witb this toan,unless applicable law provides otherwise.Uuless an agreement i�raade or applicable law �c:,�'_
<br /> . � requires interest to be paid.l.ender shall not be required m pay Borrow�any interest or eamings oa the Ftutcls.Boirower�d . ---
<br /> . � 1 Lendcr may agree in writing,howeve�,that mterest shall be paid on the Funds.Lender shaU give to Borrower,without charge.an ,:�,,,�
<br /> � annaal accounting of the Funds,showing credits and debits to the Funds and the purpose far which each debit tn the Funds was ' °`'�
<br /> �� � made.The Funds are pledged as additional security for all sums seaued by this Secmrity Instrument . . . � . :r:'�
<br /> ., � . ! . If the Funds 6e1d by Lender exceed the amounts permiued to bc hcld by applicable faw,Lendcr shall account to Borrower foT . .. �j�__.
<br /> � . � � the excess Funds in accordance with the requ�aents of applicable law.If the amount of the Fnnds deld by Lender at any 6me is � � '��•��.
<br /> , s-._.
<br /> � not sufficient to pay the Fscrow Items when due.Lender may sv nopfy Borrower in writing,and.in sucb pse Bormwer shall pay ,{
<br /> tn Lender tho amount necessary to make up the deficiency. Bocrower shall matce up the deticiency in no more than twelve � � ��"���:-
<br /> � � montfilY PaYmenis,at I.ender's sote discsedon. • . � `�'�_
<br /> - Upon payment in fu11 of all sams secured by this Security Instrumcnt,I.ender shall promptly refund w Boirower any Funds . '' �r`'�"
<br /> � �� held by Lender.If,under paragraph 21.Lcnder shaU acquke or sell the Property,Lender,prior to the acquisi6on or sale of the '� ��-
<br /> Property.shail apply any Funds held by Lcnder at the timc of acquisiuon or sale as a credit against the sums secured by this ' �'
<br /> , z Securiry Instrumen� � � .
<br /> 3.Appltcatton of Payntents. Untcss applicablc law pravi�dcs othcrwise,all paym�ts received by Lender under paragraphs . - .
<br /> ' � � 1 and 2 shall be appGed: first,w any prepayment charges due under the Note:se�and,tu amounts payable nnder paragraph 2; :
<br /> . � ± third,to interest due;fourth,w principal dae;and last,w any late charges d�,under the Note. . ' �
<br /> 4.Charges;Liens. Sorrowcr shall pay all taxes,assessmcnts,charges, fines and impositions a�bntable to�he Property .
<br /> ' � which may attain priority over this Securiry Instrument.and teasehold payments or graund renis.if any.Borrower shall pay these '
<br /> � � obligadons in thc manncr providcd in paragraph 2.or if not paid in that manner.Borrowcr shaU pay thcm on time dircctty w thc .
<br /> �,' 1 person owcd paymen� Boaowcr shall prompdy fumish to Leadcr all notices of amounts to be paid under this y�agraph. Jf � �
<br /> ' . J Borrower makes tttese payments directly,Borrower shall prompdy fumis�e eo Lercder receipts evidencing*he payments. � . ,, � •,� .. .
<br /> • ' � Borrowes shall prompdy discharge any tisa which has priority over�s Securiry Insuument unl�s Borrower:(a)agrees in � � .
<br /> • � writing to the payment of the obligadon secured by the lien in a manner acccptable to Lender;(b)contests in good faith the lien � • . .
<br /> •� by, or dcfcnds against cnforcement of thc lien in, lcgal proccedings which in thc Lcndcr's opinion operate to prevcnt the • �
<br /> enforcemcnt of the lien;or(c)secures from Ihe holder of the lien an agreemcnt satisfactory to Lender subordinating the tien to .
<br /> this Security Ins��nen�If Lender dcuamines that any pan of the Property is subject to a lien which may attain priority over this
<br /> � � Securiry lnswss:�t,Lcr.dcr may give Borrower a noticc idcntifying the lien.Bonower shall satisfy thc lien or take one or more . .
<br /> • . � of thc actions sct forth abovc within 10 days of thc giving of nfl6cc.
<br /> � Fo�m 3028 9/90 � �
<br /> ' � �•BR�NE)�nizt.o� va�ezoie •�•:a,s: :
<br /> 1
<br /> ; • . ' � ' .
<br /> �' � �
<br />- ���� _ : � . . _. __ ._._
<br /> ;.i . .
<br /> .:_ - ,r,., � f . � ',a' ._.,,- f - � ,.� .:, .
<br /> -li" �. . . . . •....� . . .. . . .. .� .• � `.•... .. .. ''. � . f. ... . .. . .�.�. _.� _ ._�n�_a�' yl.�....•.t ��..u.._ 4' h_�. �,i�� ..»rllMniv�w �Iaa_:v�- �}d!�iF.`�.
<br />
|