|
...::.�,.v.� � .. r ..�. - ,�t� . �' _ r.' '* -
<br /> .-'--_"•-- - - - -— _- � --- - -j -- - -- -- ` ---
<br /> . .. . . c �. . . • . - . . ' � ' f � � - .` {^ ` ,. n� - w:s.. �� ,a; � `�'k •
<br />— .,' " ..` , . �c �4.- " . '__ ' r�_ . _ � ' .' , ' _ '_. ..... . _ . . . . . _ ^'i'�'.�� •r.t:.
<br /> �; . . . .V �;' ... , � , � ' . . - . �; L... . `� . � • , ' . . � c, �� ' -,
<br /> � � . .. .. _
<br /> Y' tr � f
<br /> i 1 .- . � . �• � • <� .. .. � , . , . .. . .
<br />. ' ...._ . .. . - . � . . � _ , �t. ' ' „ - ... ' . . . ' � ' p - ` ,
<br /> . ` Y . . ` � ' . . . . . � ♦ . . � '<( . � . . .. . - ...
<br /> c. `� . . . �[., .. � r � < . . 1 . . � . . . ` . . ; - ' `' .i , L. 5 ,� � y , . , r .
<br /> - ' . ' _".�- < �-t__.� .....__......,au-.._.,.�.�..._._r�5..�.._._�.:_`'_—v_. . _ .. 2'_._ .._ . .� _.._ ......__ ._�.__ . ,. , . .
<br /> . .. _ - i .'r'� , �_
<br /> ����V�V��
<br />�S... ��: �.C� • .
<br /> �, � . ,` •TOGETHER WITH all the uapmvemenu now or heceafter ec�cced on the property,aad aU easemenu.aPPurteuanxs,and < • ; ` ;
<br /> ' fixwres aow or hereafter a part of the properry. AIl replacemenrs aad additions shall also be cavered by this 5ecuciry : � _
<br /> . instrument.All of the foregoing is refeired to in this Securiry Insuument as tt�e'ProPerry-' ' � ',,
<br />- ' . BORROWER COVENANfS that Borrower is lawfully seised of the estate hereby conveyed and has the rig6t to grant and ` ; ; <
<br /> � ' , convey the Properry and that the Proper[y is unencumbered. eacept for encumbrances of record. Barrower warrants and will .
<br /> __ . __ defend generally the ritle to[he Properry against all claims aad demands,subjecx to any encumbrances of record. - : • _
<br /> � � THIS SECURTTY INSTRUMEN'f combines uniforar covenants for national use and noa-uniform covenants arith timited >:`
<br /> . � �. .• r. .:
<br />_� • ' � variations by jurisdiction to constitute a uniform securiry insmiment covering reaI pmperty. . , ,,-
<br /> ,_ , ,
<br /> � UMFORM COVENAN'fS.Borrower and Lender covenant and agree as follows: � t �
<br /> ` 1. Peymeat of Pdns3pal and 1nt�st: YreltaYmeat aad Late Charges. Borrower shall pmmpdy pay when due the .. . . .
<br /> principal of and'mterest on the debt evideaced by the Note and any prepayment and late charges due under the Note. ,,, . . ;._,•, :
<br /> •� ' :'' 2.F�ands for Taxes and In4m�ance.Subject to applicable law or to a wriuen araiver by Lender,Bormwer shall pay to r
<br /> . . Lender on the day monthly payments ue due under the Note,undl the Note is paid in full,a sum(°Funds°)for.(a)Yeasly taxes . ':- �-F.: :•
<br /> ° and assessments which may attain priority over this Security Insmrment as a lien on the Property;(6)yeazly leasehold paymenEs .. ___ -
<br />::��. or gro�md rents on the Propesry,if any;fc)Year1Y hazard or pmperty;n�+,•a*,�premiu�s:(d)yearly flood insurance premiums, . '. :,=S-;
<br /> ....5_...�.. : .1.,�..-,_-_.
<br /> - . � if any:(e)Yearty morcgage insurance premiums,if any;and(�any sums payable by Borrower w Leader, in accordance with . , ._--
<br /> � the pmvislons of paragrdph 8.ia lieu of tbe payment of mortgage insurauce premiums.These items u+e cailed"Fscrow IEems.' ;•
<br />';, . . .. l.ender may,at any time,collea and hold Funds in an amount noi to exceed the maumum amnunt a tender for a federally , � _. ; :•'_ _
<br /> �� � zelated mort�e loan may requirc for Eosower's escrow account under the federal Real Fstate Seulement Procedtues Act of ��, -.. ..� �:''�.;_.:�
<br />� � � . 1974 as amendeQ from time to time, 12 U.S.C.Section 26U1 et seq.('RESPA"),unless another law that applies to the Funds _..`=� -
<br /> . . - se[s a Iesser amount. If so, Le�der may, at azry ame,collect aad flold Fimds in an amouni not to exceed the tesser amaunt. -- _ `�;,':�;�-�~
<br /> ;- Lender may estimate t6e amaunt of Fuads due on the basis of current data and�asonable estimates of expenditures of future %`'� —
<br /> . � ,�' -
<br /> � Escrow Items or otherwise in accordance a+ith applicable law. � � �`
<br /> � � TDe Funds shall be held in an instimtion whose d osits are insured b a fedeial agency, insuumentali or enti • �� ''� �t
<br /> •. ; ',*.. � y ty+ ty � .a� •.:,�—
<br /> ___ . .:� (iaciuding Lender,if Ixader is such an instiattion)or ia any Federal Home Loan Bank.Len�er shail.apply the Funds to pay the _., , '�`:;�_
<br /> Escrow Items.Lender may not charge Borrower for holding and applying the Fuuds,annualiy analyzing the escrow accouat,or , ' `�`_
<br /> �f . . :.{ verifying the Escnow Itemg,unless Lender pays Boaower interesc on the F�mds aad applicab2e law permiu Lender w make sach � � " -�;�_:�.,
<br /> t a charge.However. L.ender may require Borrower ta pay a one-time charge for an iadependent real estate tax zeporting serv�ce ; . '+=-.. ti;,_,�'.
<br /> � used by Lender in conneaion a+ith this loan, unless applicable law pmvides osherarise. Untess an a�teement is made or • :;,..__._
<br /> � � . - agplicable law requires interesc to be paid,Leuder shall not be required to pay Sorrower auy interest or eamings on the Fuads. � •� �:•�, �.^
<br /> , Borrower and I.ender may agree in writing,however,[hat intensc shall be paid on the Funds.Lender shall give to Bomower. : ' .� =. .�
<br /> - • � without charge, an annual accounting of the Funds,showing credits and debiu to the Fuads and the piupose for which each � '��.'_
<br /> �. � ` .:�iii�".,
<br /> - • debit to the Funds was made.The Funds are pledged as additional security for all snnms secured by this Sec:arity Instrument. , , _
<br /> , If the Funds held by Lender exceed the amouats permitted to be held by applicable law,Lender shall account to Borrower '':::i.�
<br /> � � for the excess Funds in accordance with the uiremenu of a licable law. If the amrnmt of the Funds held b Ixnder at aa `'�f���-`
<br /> � re9 PP Y Y . :*�;.�,
<br /> ; ; time is uot sufficieni to pay Ihe Escrow Items when due.Lender may so notify Borrower in writing,and,in such case Bonower ' - ��.
<br /> . � ' ` shall pay to Lender the amount ne�essary to make up the deficiency.Bormwer shaU make up ttte deficiency in no more than .< `''��`� -
<br /> • � twelve moathly payments,at Lender's sole discretion. . � �+
<br />
|