|
. . :r-,. ..4'; �? C�- ..�.-- ` .; ,,_.,�.ct_�.
<br /> .. . ' 1.
<br /> _ .
<br /> . . _
<br /> _'_T^_ `t 1 . ..".�T i .,`_ _ .. .._ .__ . ... ._ _.._ _ ...-_ � _ 4. . _
<br /> , -.. � � - � � _ t' a.� . �
<br /> , ., ♦ �' �. ... - . -< '' ' --�� . C � . ' _ . "°P.,_�__ .
<br /> ' , i : ',' ' `�_.,[' . `' �L:.` - ., ' _ . �4"< '"' C . '. . . i � . ` �` ' . • ` . . � ; � ..�� .
<br /> � ,
<br /> .
<br /> � ' ' '�
<br /> .� .• .,.� . � . � . • . . � .
<br /> . � . . _ - . • , - ',.
<br /> . ... .� .� .t .. , . � • - r�
<br /> . . :
<br /> _ . , < � � - .. . . . � ... . - `s . . ., .. . , . . . -_ . . t ' , • i,- ..
<br /> - . � `. . , .. . .. . _ , . �. .. . ` � ' � , � . - < � . .. . � . . 'C� .
<br />� � � . 4 _� �C�.. (y ._ � `•—�.�-- .' � _'�-_.'.,._.--�� � . �.�._--_. .�.,_._.. ` _ .,..-c .
<br />-_ , � ..'Y - ' ; a�..
<br /> C C
<br /> •f .c .. �.f� �- �_9 � �� ,`' �`...�.:� ,.,:�
<br /> . � WITH all the i rovements now os heieafter erected on the property.and all �� men s.appu e4 ces. , , : �., .
<br /> �° TOGETHER mP , ,
<br /> � ` fintures now or hereafter a part of the pmperty. A11 replacements and additiona shall also be covered by this Security ;F ,,.
<br /> � Iastrument. AII of the faregoing is referred to ia this Security I�nent as the"Property." � '-
<br /> � ` �a: BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby wnveyed and has the right to grant and � .' 4f �
<br /> • �- ,Y; convey the Property and that the Property is unencutnbered.except for encumbrances of record. Borrower warranu and will ��� ��
<br /> ' • .- ' defend generally the title to the Property against all claims and demands.subject to any encumbrances of record. r ; ,
<br /> " � :"�<. THIS SECURITY INSTRUMEN!'combines uniform covenancs for naaonal use and non-uniform covenants with limited ��_,..,c -...° _�>��
<br /> •` � variations by jurisdiction to rnnstitute a uniform security►nstrument covering real praperty• - .
<br /> � UNIFURM COVENAN7'S.Borrower and Lender covenant and agree as follows: ;.� • ..`� ,
<br /> " . . l. Payment og Principal and Inter�t+ PrePaYme°t and Late Charges. Borrower shall promptiy pay when due the _
<br /> • � . pr�ncipal of and interest on the debt evidenc�l by the Nate and any prepayment and late charges due under the Note. � `` '�.- Y:.'�
<br /> � � Z. Funds�or Taxes and Iacuranoe. Snbject to applicable law or to a written waiver by Lender, Bormwer shall pay to ,� ..''�,
<br /> � Lender on the day monthly payments aie dae under the Nnte,until tl�e Note is paid in full.a sum('Funds")for.(x)yearty taxes : 5 . -,--
<br /> � � and assessmen�c which may attain prioriry over this Security InsErument as a lien on the PropeRy; tb)yearly leasehold paymenis •. .;-,—.�_
<br /> . '�:: . ,
<br /> � . or ground reats on thc Property.if any:(c)Yearly hazard or property inswance premiums:(d)Year1Y flood insurance premiums, . � .`'':> ., ^„
<br /> � , '4i` if any: (e) Year1Y mortgage insuranoe premiums. if any:and 1�any sums payabte by Borrower to Lender. in accordance with y .� ::';.�,;,�
<br /> � the provisions af paragraph 8.in lieu of the payment of martgage insurance premiums.These items are ralled°Escrow Items." , : —
<br /> . � .. Lender ma y, at an y time, collect and hold Eunds in an amount not to exceed the maximum aznount a lender for a federally � �ri
<br /> ` ` . _ related mortgage loan may require for Borrower s escrow account under the federal Real Estate Settlement Procedures Act o f . ,` ._
<br /> � ` 1974 as amended from time to time. 12 U.S.C. Section 2601 et seq. ("RFSPA").unless another law t6at applies to the Funds • ;� y_
<br /> ' sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an atnount not to exc�d the lesser amonnt. . =
<br /> � � • =s � Lender may estimate the amount of Funds due on the 6asis of cument data and reasonable estimates of expendicures of fwture _:�. : i'!""
<br /> ` � Escrow Items or atherwise in accordance with applicable law. v� t"`,
<br /> • � ' ', The Funds shall be held in an institution whose deposiis are insured by a federal agency. instrumentality, or enrity �+' »F
<br /> ' r.'� (including Lender.if Lender is such an uutituuon)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the '• .�-` '=_�_�
<br /> .;y;,y__
<br /> • � - • Escrow Items. I.ender may not charge Borrower for holding and applying the Funds,aiuivally analyzinS the esc�'aw account,or �r.�,;.,
<br /> �� "' verifying the Escrow[tems.unless Lender pays Borrower interest on the Funds and applicable law pemuts I.ender to make such _
<br /> �:� �r=---
<br /> .I � � a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service _��
<br /> ° ' �' . t�sed by Lender in connecdon with this loan. untess applicable law provides otherwise. Unless an agreement is made or . ,:;.����
<br /> j �` applicable law requires interest to be paid,l.ender shall not be required to pay Borrower any interest or earnings on the Funds. . . '�,__
<br /> � _ Borrower and Lettder may agree in writing.however,that interest shall be paid on the Funds. I.ender shall give to Borrower. . ,.--
<br /> � , without charge.an annual accounting of the Funds,showing credits and debits to the Funds and the purpase for whicb each ,, . _ • :��-
<br /> r d�bit to the Funds was mada.The Funds are pledged as addiuonal security for all sums secured by this Security Insuument. :.°�°
<br /> �.:� _ .
<br /> - = If the Fands held by Lender exceed We amounts permitted to be held by applicable law,l.ender shall account to Borrawer ,_.�
<br /> • � '�} for the excess Funds in accordance with the requirements af applicable law. If the amount of the Funds hetd by I.ender at any
<br /> ., _�
<br /> � time is not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing,and,in such case Bortower � �.���_..
<br /> L � ' ' shall pay to Lender the amount aecessary to make up the deficiency. Borrower shall make up the deficiency in no more than ;.�,. ���.r.
<br /> � ' �� twelve monthly payments.at Lender's sole discreuon. � _;�'�"�`
<br /> •" � � � Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower any ' ', T M
<br /> � • Funds heid by l.ender.If,under paragraph 21.Lender shall acquire ar sell the Property,Lender,prior to the acquisition or sale • • .�__,_
<br /> 3�-
<br /> • • of the Property,shall apply any Funds held by L.en der at t he time o f acquisi tio n o r s a l e a s a c r e d i t a g a i n s t t h e s u m s s e c u r e d b y :. =� {�
<br /> �� , � ;. this Security Insuument. ' " � "�`=-
<br /> ' � � � 3.Applicatton of Paymeats.Unless applicable law provides otherwise.ali payrtients rcceived by Lender under paragraphs �. „_
<br /> �' �. 1 and 2 shall be applied: first,to any prepayment charges due under the Note:second,to amounts payable under paragraph 2: _:,:,. __•..
<br /> ,.�� .
<br /> - - � third,to interest due:faurth,to principal due;and last,to any late chazges due under the Note. . _��`z
<br /> 4.Charges.Llens. Borrower shall pay all taaes.assessments,charges.fines and impositions attributable to the Property
<br /> � which may attain priority ovcr this Security Instrument, and leasehold payments or ground rents, if any. Bonow•er shall pay . ~. �.
<br /> these obligatians in the manner provided in paragraph 2,or if not paid in that manner. Borrower shall pay them an time directly
<br /> � , • to the person owed payment.Borrowcr shall promptly fumish to l.ender all notices of amoun�s to be paid under this paragmph. . . .
<br /> � ' • , If Bonower makes these payments directly.Borrower shall promptly fumish to Lender receipts evidencing the payments. .
<br /> � .i Barrower shal!prompdy discharge any lien which has priority over this 5ecurity Instrument unless Bonower: (a)agrees in : .
<br /> � writing to tfie payment of the obligation secuted by the lien in a manner acceptable to Lender:(b)contests in goad faith the lien �• .
<br /> •; � � by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the� , . .
<br /> �� enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to •
<br /> � � this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over .
<br /> ' ' this Security Instrument. Lender may give Bonower a notice identifying the lien. Bonower shall satisfy the licn or take one or
<br /> more of the actions set forth above within 10 days of the giving of nrnice. �.
<br /> :��
<br /> � . Form 3028 9/90 �
<br /> � � � vesw s o�s : .
<br /> • � � � � . .:
<br /> ,
<br /> - . .
<br /> ..,
<br /> .. . - ------•-...._.—__--...----•—.�._____�_,-_._.—...,..,_._,_. _..�.__._.....�
<br /> '' . .. , . • .. .. . _..;.,....,... �,. ` . ; � ...�---�-.,,.�.,..--�.�;-.—,-,:.. . �.�_...•_ ` . .
<br />_..'l:'... .� . . . . . ..... . ... . ,..._..__ ..,�._ . __. � _ '_'-"__ _. "' _ "_—,._ _.._...� ...�_,t_ ..__.�_}�ii. . .. - h...__.. . .-..._.t�. .., ... . . ...,..- .v�.... ..,��.�� .. _ . . .._"' _..
<br />
|