|
" .r,;+= � . , . , _ _ � ,.
<br /> . _ . .
<br /> 'a-:G. ,_ ... . ... _.._ . �.^..._..� :.. .. .•:—,' ._.. _�,�` -.. _.':_ 1':�._•
<br /> ` , .. � t' .,. . . ____--:___"—_—_ — ; _ ..., �_ ' ..- _�_• e _ _ _t!: _�. ' __—.
<br /> , f _ . t..
<br />� ` � � _ t. �_ ` . ( - V . ` ' � - � � _.. ..�, . . . � ., r r ' ��`C( Y .,.
<br /> — . ` [ . ..( _ , . ., . C Yf `r S.
<br /> . . ._ , ' . . ` � . . ' . . . ' , � � c � . ' .,� ' � . . �`� . ..
<br /> , . ` , , `` ` � � ' �,` ` ` ` ' , • .` . `}' - 4 - `_`__ '.< y i. .�. �. � � ._""_ _ <y. . .��_ . . ' f- ..
<br /> • � ..,_. . . ._ ` . . .'�. ... . __'—" . . . C ._. . " `
<br /> - . < < ` �� � a. . . , �
<br /> , ' . •�� TOGfii'I�R VI/TfH ail the imPmvemwts now or hereaRer ecected on the pmgerty.and all easements,aPP�°�•� ; �. ' •
<br /> Sxmtes now os hereafter a part of the Propet�}►• All re�lacements and additions shall also be covered by this Secarity- ;�;., � . V �<
<br /> < , �,•. ,
<br /> Instrameat.All of tbe faregoing is iefeic�w in this SewritY Insu��as the'PcopertY.' ��f. :.,�+
<br /> a .
<br /> ` ' � . :�-,- BORROWER COVENANI'S that Boaower is}awfolly seised of the estate heceUy oumeye�and has the right to gisui and� ,�
<br /> e pc t for�brensxs of tecord.Bozrower araaants ancl will �
<br /> � : •. _ -� com�ey the PmpeitY and that the Property is onencnmb red. ceP � ..":£�:' • .
<br /> -- -, defead geneiallY the titte to the Pntperty�tt�1 claims aud demands.su6jes.t to any encanubrances of record.
<br /> - . . . TE�IIS SECURITY INSFRUMENT combines anifotm covenams for national use and aoa�nifomi cavenants with limited � . : .
<br /> - - � ` vavations by jurisdicdon to constiwte a umfomi secauiry insuument wvesing�eal propertY- ;� '.
<br />` � iJNIFORM COVffiVANTS.Borrower and Lender covenant aud agree as follows: d a when dae the � • '�° •�ra��°';"��*
<br /> � , . 1. p8ymeit of PctnciPal aad Int�cst; Pr�a7��and Late Cda�rs• Boaower shall promp Y P y ,:<;::,.:`�;.. .
<br /> •_• piincIpal of and inteiest on the debi evidenced by the Note and any prepaymeui and late charges dae ander the Note. � . ..,
<br /> . 2.fimd4 for Tases and Iasmance.Snbjeet w applicab2e law or w a writren waiver by I.ender.Bormwer s6a11 PaY to .�::�_�,_.
<br />� .. .. I.ender on the day monthlY P��Y���due under the Note.natil the Nnte is paid in fat1,a smn(�Famds�)for(a)9�1Y�� .c :.� ,�.,-.-�'- -
<br /> and ass�nts which may auain priority aver this Secairity.Insaumeat as a lien aa�e P�operty;N)Y�Iy lease6nld payments �� _ '
<br /> � . . . . �r gmnm3 zents on tbe Ptoperty,if anY:(�)Y�Y�d or prapertq ims�uaaue Premimn�(�Y�Y 800d iacuiance premi�s. _�� =-_
<br /> s�u n�
<br /> . if any:(e?Y�Y����p��'if anY;and(fl�Y�PaS►able by Boaower to L.ender.in accordance with � _ --
<br /> . the pmvisions of paragxaph 8,in lieu of the paYment of m°rtga8e in�ance Preminms.These items are cal2ed°Fscrow Items.' __.
<br /> ��r may,at any dme. coilect and hold Punds in an azaonnt not to exceed the maumum amoamt a tender for a federally ::;,:;.,. ,,�:�
<br /> �'.-,-.,s,_
<br /> ielared m��ge�n may req�nte for Bormwer's escmw acconnt under the fedesat Real Sstate Seulement Proc�Act af -_ - -•,-----
<br /> � � 1974 as amended fmm time to ame,12 U.S.C.Secaon 2601 et seq.("RBSPA'),unless another taw tbat appHes w the Fands --_- _ --
<br /> • � �=,-._� s e t s a l e s�r a m o n�a t. If so,Lxnder ma y,at anY time. collect and hold Punds in an amonnt aot to eaoeed the lesser amonnt. ° __ - -�
<br /> ' Lcnder may estimate the amoaat of Punds due on the basis of cument da�and reasonabte rstimates o f exp e n d idues o f f a t o r e ,,� _���
<br /> ' 1'••
<br /> � ' Esccow Items ar othezwise ia accordance with applicab2e law. °_'-" ',r•:;_`. ,_:
<br /> or endty `: .. . .'�:;�.;�'=.��'�.
<br /> . . . The Fands shall be held in an insdtndon vvhuse dePosits aie insured by a federat agency. iasuar�ntalit3►, . ,{ -��
<br />' ' . : , f��S��•if lender is saeh an institntion)or in aaq Federal Iiame Laan Bank.Lendes s�aU appl�►the Funds to pay the ` �y�,_-
<br /> the Fimds,annvallY analYziug the escmw acconnt,or °•`�` -
<br /> � � Bscrnw Ite�s.Lender may not charge Bormwer for holding ansl applqing �le law emuts Lender to make svc� •. �°••: �
<br /> , . . vetifying the Escrow Items,anless Lender pays Bormwer interest on the Pauds and aPP p � secvice � - ----
<br /> � a charge.However.L.ender map reclaiie Boaower to paq a oae-time charge for an independenc�eal es�te tax npo 8 vi
<br /> � .n . �ed by Leader in connectioa with tl�s laan. unless aPNicable law pmvides othec�vlse. Unle� an ag�meut is mad�or
<br /> , � applicable law reqnices interest to be paid,Lender shall not be reqnired to pay Borrower any interest or eamings on the Fands. .� ::a�'�.
<br /> ' ` ' � Bouower aud Lender may agree in writing,however,that interest shall be paid on the Fands. l.ender shall give w Bou+nwer, a� �:. . ,���
<br /> � � witliamt ct�ar8e,an annual ac.cauntin8 of the Fands,showing credits and debits to the Funds aad the putpose for which each .,�,;:� `.
<br /> debit to the F�ds waS made.The Funds are p2edged as addidonal security for all sums seciued by[his SecauitY Inso�amen� :.��
<br /> - .`,+ -'; If the Funds heM by Leader exceed the amoonts permiued to be held bY aPPlicable law,Lender sbaU account to Bomuwer .::_:,,-_._
<br /> ►+��_- .
<br /> for the excess Funds in accordance vitth the requic�ements of applicable law. If the amonnt of the Funds held bp I.ender at any ,* '' _...;.��:
<br /> ., time is nat safficient w paY the Bscrow Items when due,Lender may so noufy Barrower in writing.and.in s-mc�case Boirow� „:�•�,,,._
<br /> shall pay to Lender the amonnt necessaTY to make up the deSciency. Boaower shaU make uP the deficiency in no more than ��.-
<br /> .• � twelve moruhly payments.at Lender's sole discretioa �,�`_'
<br /> � ' Upon payment in full of all soms secared by th'ss Sec�uity]nsuument, Lender shall promptly refand to Bosmarer anp -��.
<br /> Fands held by Lender.If,nnder paragraPh 21,L.ender shall asqaire ar sell the Property,Lender.Prior w the acquistdon or sale ;::�-
<br /> �'<•• . . •, o f t h e P r o p e rt y,s h a ll a P P1 Y�Y F�held by Lender at the dme of acquisidon or sale as a credit against the sQns secured bY '. ��-,
<br /> this Secuzity Insuument received b Lender under paiagcaples ..
<br /> . 3.Application o4 Payments.Unless applicable law provtdes othezadse.all payments Y • �
<br /> • ' � 1 and 2 shall be applied: fust,to anY P�Pa9ment c�arges due under the Note;second,to amounts payab2e onder patapaph 2; .
<br /> c ar
<br /> ,. , third,co interest dae;fourth,to principal due:and last,to any late chasses due under the Note.
<br /> � � 4.Charges:Ilen9.Borrovrer sl�all pay all taxes.assessments.c�ges.fines and imposidons attribnrable W the Property .
<br /> � � which may auaia priority over this Security Insuument. and leasehold payments or graund reNS.if aay. Honower shall pay .
<br /> � . these obligations in the manner provided in pata�raPh 2.or if not paid in that manner,Boaower ahall pay them oa dme direcdy •
<br />_ � , to the person owed payment.Borrower stall promptly fumish to Lender all notices of amounts to be paid uader this paraStapl�. .
<br /> � lf Bonower makes these paYmeats direcdy.Borrower shall prompdy fi�rnish to Lender receipts evidencing the payments• .
<br /> . Bonower shall psompdy discbarge a�►y lien which Las priority aver this Security Instcument unless Boaower:(a)agrees iu . .
<br /> -� writing to the payment of the obligadon secured by the lien in a rnanneracrxpiable to Lender. (b)contests in good faith the lien • _
<br /> � by, or defends against enforcement of the lien in. legal proceedings wluch in the I.ender's opinion operate to prevent the
<br /> � enforcement of the lien:or(c)secures from the holder of the lien a�agreement sadsfacwry to Lender subordinatiag the lien to . .
<br /> , � �his gecurity 1nst�ument. If Lender detem►ines that any part of the Property is su6ject to a lien which may attain prlority over .
<br /> • � .,•' this Secuziry lnstrument.Lender may give Boaower a nodce identifying the lien. Borrower shall satisfy the lien or taka one or
<br /> • more of the acdons set fotth above within 10 days of the giving of aniice. . ._
<br /> i
<br /> Form 3028 � �
<br /> , . � ; ��-BRINEItes�s�.o� vyesote iNamr .
<br /> � 1 '.
<br /> : ..
<br /> � ___ _� . --- .
<br /> � � � ' . .
<br /> ,:t
<br /> . . �. , .
<br /> . . . . .
<br /> . � =
<br /> . .. . . �. . ...,. ..._ ,,._.. _. =-,. —
<br /> ���r'
<br /> .r . .. . � . . . . . . � •• . .. . . . .. . . . . .. ..... - ... ...�.. �. . ... . ..,.. � . . .. .. ..l , r � ....... . . ...:i.. 4•�,e. ... l.. . ...
<br />
|