|
` s,4.:i _ . . • _ ,� . . ..- 1. r�-. S_ _
<br /> .. . «,. .� � _
<br /> �." " ' ' ` ' ' " ' _ _' _ _ _ _ __
<br /> -r-•t-rt--- . . "__ .._._ __ . _ _ _ ._ _ . _ _ ____. _ — ' _ __ _-
<br /> .. ` � .. '— . ' . . . '�L .
<br /> t'i{C l ...' . .',�_� r a ' . . � '�%
<br /> . . . .. � . �'--`_-
<br /> . i. ...
<br /> i • �
<br /> .. ..c . . . s� .��. ., .� rrsi - . . �� :-�• .. • . � ' <.. .._ - • . � . _. _ � .._ ._ . . �C"'
<br /> � ��;, . � .� �. _-.=�_.,- � . , ; .c . .. 5.
<br /> • - -'-- - .. . . . . x' -- ,c . ,. , .._ .. , . .._ . _ ... _._ f`.� .. .. ..�. _ . , , . .. . i; _ . ." . .. � S.��r���,
<br /> ' . , _ . :t_—r'..--T—' ' .. • , . . .. ' � � . , . ' `, - _� . '__ . . � " �._� t t aa� .
<br /> ` • �.< . .. - . 4 . ( . , ` � � ` ' t ` : i �: r .` �.
<br /> - �-; , � , , . , , . . S, � � . . . �_ .
<br /> � • - , , . � � � S �;
<br /> - . ` � ,� _s.�.,. ._.._. _,...��-�_..L_li_.. - .....s�n :5-._' .._._...._..........�.......-�..�..__.. . .. .. .,....�___�_'__� 4 ' I � .
<br /> . a.' - ' ,(` " _
<br /> i�4 . � x-
<br /> : ` � 9�� �`��. , . . 4. . .. ,-�_
<br /> . . � �: 'POGETI��R W1TH all the mmprovemeats now or heaeafter eiected on the property.and all easemen� and
<br /> ,, , ` `:
<br /> � •• `�. 6xw�res now or kereafter a part of the property.All replacements and additions shall aLso be covered by this Secnnty Insuumcat _ � ; .,;�,.`' . < �;:,:.
<br /> . � . � All of tae foregoiag is refer�ed to m this Security tnsaument as the"Prupeny." ` � ^._;�:
<br /> BORROWER COVENANPS tbat Boaowei is lawfuliy seised of�he estate hereby conveyed and has the right w grant and .'r:,.-__.
<br /> ` --�;.'�''4 wnvey the PropeRy and tbat the AopertY is nn�combered.excepi for eacumbrances of reoord.Bormwer wanants and will -: _ "
<br /> ; � ,...:.� defead genecally the 6tte to the Prnpesty a�n aD ctaims and de�nands.subjeci�o any encumbrances of record. - .- ' -_ -
<br /> THIS SECiJIt1TY INS1RUNiEN'P combines uniform covenants for matiamai use and non-unifomi wvea�ants wiih Ignited � ��.. . :
<br /> • . t variations by jurisdiction w constimte a�miform securin►ins�me�►t cove�ing real pro�ty. ,f'"� :,3F�-
<br /> � , . '� i11VIFORM COV&NANTS.Borrower and Lendea covenant aud agree as fouows: -�=
<br />- , } 1.Payment of Prtusipal and Interest:PrePaymeni aad Late C6arges. Botrower shall promP�Y PaY when due the �,`
<br /> - � � - �� principal of and inte�st on the debt evideaced by the Note and any prepayment aad late cdarges due under the Nors. , `.`'=�-
<br /> Z.�nds tor Taxes and Insnrance. Snbject to applicxble iaw or tn a written waiver by L,ender,Borrower shall pay m �•; ': :��::_
<br /> � �,,` � Lendar on the day monthty paymenls are due under the Note,nnp7 the Note is paid'm fu11.a sum("F�mds"�for.(a)Yearly taxes - =.,.<��: :
<br /> r aad assessments whicb may aGain priority over this Seauity Instrument as a lieu on the Prap�tY;N)Y�ly Ie2cehoId paymettts . --
<br /> .. ., __�_ _
<br /> - or ground rents on ths Propeity.�an3;(e)YEar1Y 6�td or pmpe�[y�s�n['dnCe�••�inma;(�Yqrty flood'[nsut2nCe ptem�ums.if •, ':`.;
<br /> . . enY.(e)YeaziY mortga�e insu�ce premiums.if anY.�(��Y�PaYable by Bormwer w Ireade,r,in accordance witb the , •`"�`.�� t° -
<br />- ' ; • provisions of pacag�aph S, in lieu of the payment of mortgage insmance premiums.'I�ese items are ca]led `Escrow Iteons."
<br /> � � Lender may,at any time,collect and hold Fimds ua an amount not w exceed the ma�imam amovnt a l�ndea for a federally relat�ed - `.:��
<br /> , • mortgage taan may reqntte for Bmmwer's escrow aa:ouat under the fedeial Real Estate Settte�ent Pmcedure.s Act of 1974 a4 • . - _ -
<br /> : �� amended from time to tnne,l2 U.S.G Section 2601 et seq. ("RESPA"},w�less another law tl�at applies to the Funds sets a tesser ,:;��-
<br /> . ... aucomrt. If so,Leaidea may,at any time,coItect and hold Fands in an amount not ro ea�ceed the tesses amnunt Ir�dei may ,�� �`' ;---
<br /> � Lea
<br /> .:;.�_ _
<br /> � � estimate the amount of Funds due on the basis of current data and reasanable estimares of expendibues of fudue Escrow I�ms or --���� <;_
<br /> otherarise in accordauce with licabte faw. , ,,.�,..—
<br /> , , --�
<br /> ..::�• ePP • .�r�:�:-
<br /> , 4 The Fwids shaA be hetd in an�stitntion whose deposits are iasured by a federal agency.inswmentaiity,or eatity Cmcludiag �-�:�`.:;�;r�T - -
<br /> . Lendea,if Lendear is suc6 an instimtion)or in any Fede�al Hame Laan Bank.Leadea shall apply the Funds to pay the Fscrow '-;;ti:f•.v��- ��-
<br />._�'..C,_ ., .. , a..,.J:'.'....:-_�°` __ �
<br /> Items.Lender may not ch�ge Barrowea for holding and aPP�S the Fands,annuaily anaIyzing the escxow account,or veaifying -- .;;,:.:y---=`
<br />- ' • the Escrow Items,�ess Lead�pays Borrower int�est on the�unds and applicable law permits Lended to make such a cdarge. , ,�,
<br /> , �.<; . �,.:�
<br /> '. . �towever.Ix�dea may requice Borrower to pay a one-time cdarge for an indcpendent reat estate tax reporting service used by �*,, ,•- ;;;�_-
<br /> .r � � Lender m connection with this loan,unless applicable law provides otheaarise.Untess an agcixment is made or applicabte law : .
<br /> :' . req�es int�st to be paid,I.ender shaU noi be required to pay Bo;rower any intsrest or eammgs on the Funds.Bosrower and « . • _�
<br /> n
<br /> � . �,,,�.;; , "�_�-.
<br /> � l.euder may agree in writing.howeve.r,that int�est shall be paid on the Funds.I.ender shall give tn Bomower,without charge.an •� �,,A+,.Y�,, ,;•..�'
<br />- j , annnal acconntmg of the Funds,showing credits and debits w the Funds and the purpose for which each debit w the Funds was � :� ..
<br /> • � . made.The Funds are pledged as addidonal sec�:�y for all sams se,cured by this Security Instrument � ,,.:�.
<br /> . �:'.,:� :. :•:':-_:_=
<br /> �� , If the Fimds held by Lender e.xceed the amosars permitted to be held by applicable law,I.eadea shall account[o Borrow�far � ' • . �•�.;_
<br /> - . ' • the excess Fands in accordance with the reqnirements of applicable law.If the amount of the Funds held by t.ender at any time is '� �. .•;�.=`,;==-
<br />� ' aot suffictent w pay the Fscrow Items when due,L,�nde,r may so norify Borrower in writing,and,in such case Borrower shall pay .�''� �����=`-
<br /> - � to l.ender thc amo�mt necessary w make up the deficiency. Borrower shall make up the deficiency in no more than twelve � � � `.
<br /> m ;�
<br /> .. • • monthh+PaYments,at Lender's sole discretion. ' �.• ''i�-�'l--
<br /> ,. ., �_�
<br /> Upon payment in fuU of all sums secured by this Securiry Inswment,Lender shall prompdy refund to Boimwer�y Funds , � :;��_-
<br /> � , held by Lender.If,under pazagraph 21,Leader shaU acquire or sell We Propeny,Lended.prior w the acquisidon or sale of the �: �_. . :���-
<br /> � . . Pmpeny,shall apply any Funds held by Leadcx at the timc of acquisidon or sale as a credit against the sums secured by this ����r-=
<br /> . . Securiry Instrument .. *'.:` ��
<br /> � 3.ApplicatIon oP Payraeats. Unless appticable 1aw provides othecwise,all paymenis received by Lende,r undea paragraphs � ,. _
<br /> , . ;� 1 and 2 shall be ag�iied: first,to any prepayme�t charges due under the Note:second,w amounts yaya62e under paragraph 2; � • .
<br /> • third.to interest due;founh,w principal due:and last,to any late charges due under the Note. , � �
<br /> ....n.:
<br /> . 4.Charges;Liens. Bonowes shall pay all taxes,acsessments,cbarges,fines and imposidons atuibutable to the Pmpeary ,. ��,r• . •• '
<br /> � .. which may attain priority ovu this Security Insuument,and lc�sehold paymenrs or ground rents,if any.Hocrow�shaU pay these ..
<br /> obliga6ons in Ihe mianner provided in paragraph 2,or if not paid in that manr.er,Bomnwer shall pay them on time directly w the .� �
<br /> � person owed paymeen�. Boaower shall prompdy fumish to l.endcr all nocices of amounts to be paid under this paragrapb.If �. �
<br /> ,• Borrower makes these payments direcily.Borrower shell prompdy fumisb to Lender receipts evidencing the paymcnts. � ..
<br /> _ t � Borrower shall promptly discharge any lien which has prioriry over this Secwity Instrumcnt unless Borrowcr:(a)agecs in . � • . �
<br /> � . writing to the payment of the obligation sccured by the lien in a manner acceptable to Lender.(b)contests in goad f�-ti the liea� :
<br /> . ••` • by. or defends against enforcement of the lien in. legal proceedings a+hich in the Lender's opinian apcaratc w prevent the • . •- �
<br /> , enforcement of the licn:or(c)secures from the holder of the lien an agreem�t satisfactnry tn I.ender sabordinating the lien to ' . . •
<br /> � � this Security lnswmenL If Lender determines that any part of the Property is subject to a lien which may attain priority over this � ' ,
<br /> j Securiry Inswment,Lender may give Bonower a nodce identifying the lien.Borrower shall satisfy the lien or take one or more , :
<br /> � of thc actions sct forth above within 10 days of the giving of notice.
<br /> � form a0�e 9/90
<br />. { �•6R�NE)192iz1.o� vaeozoee i�rtia�s: . . •
<br /> � 4 •
<br />' 1
<br /> . � .
<br /> . . __�.____. . .. .. .. . -` .' .. . _ . . .
<br /> ' . ( •
<br /> � ' . �
<br />. 1 � � • • • � . � •
<br /> ' . ._ . .. . . . . -' _ _.a.y _-+».�n k. T t� � .an
<br /> � . .. � . •.� t L^ -L' L 31{- �t- ' i
<br /> ' ♦
<br /> ....a. ... -. , .. . � . : ... '. ... 'i . • •- �.e �� �. • :t �.. . .t.r..�'{l._G'�� �1.._ a�/�ii�i'.3. •�..�. .����r�M �:�i..-�ar i.�r�r n -
<br /> .. . � . � .. . . . � . . . . . . ..w .._ . ... . T ...
<br />
|