|
.?� ,1.. y .v�,.� y. .�.:� ��,.�L. .._,..r., c. .t..'
<br /> .. �
<br /> . .. . � ... . . . �: � .
<br /> a.... .. . ' • - _ _
<br /> — _ `l. - -Vs� - , `.-__ _ - -�a••-� - ._.-. _- _ , ._ `_ _ _ F.:_
<br /> ' �� -... . � t. � . . =c_ • , _ ' . . ' , c � _ •i
<br />_ _ � . _ �� . . t . _. s': ' . - - r<- - '< - '° -fr i rr _ '.
<br /> _ .,, . _ . .� , o � , °p' . � � � .. :�. r � . ,� , -- . � :��:�,; _ +��
<br />. . . - . - { < �-t � . . • - . . , ' , a • .4��'. `,i.
<br /> - - � _ � . .. : ` t . . ` . - . . • ' . ' �.. 'C "` . '4 . . ' . .. .
<br /> t.. t . � . .- . _ r � • `` 'l' . ` ,. a . • � C� � -� ' �_`t�' .S?.
<br /> . 5'`_ ' ` . -_ " c. . _. . .. __.__?tS.-..,.....:.aa:...:...__.�_,�.�.-��...,._:f� �..�y�
<br /> a.� -- t - -- .,�._.._._.... ---- � 'r.
<br />. . , , � :- �t° ,.
<br /> . TOGEfHER WITH all the improvemenis now or hereafter erected on the propeny.and all easements.appurtenances.znd .c �
<br /> 'ti fiawns now ur hereafter a part of the property. All replacements and additions shall also be rn�ered by this Secuiity . ;� ,. :.
<br />. � Insmunent.A!1 of the foregoing is ceferred to in this Security Instniment as the"Property." :' '':.�.::°�. .
<br /> � �;� BORROWER COVENANTS that Borrower is lawfulty seised of the cstate hereby conveyed and has the right to grant and �� .� `� ;.. ;,� •
<br /> " ,. . ' rnnvey the Property and that the Property is unencumbee�ed.except for encumbrances of record. Borrorver warrants and will� {, �.4� :
<br /> L � •�`°^ defend generally the title w the Property against all claims and demands.subject to any encumbrances of record. _ .. - -
<br /> �-•�-�;`.' ^��
<br /> THIS SECURfTY INS1TtUMENf combines uniform covenants for pational use and non-uniform covenants with limited� � . (,
<br /> '`: z � variations hy jurisdiction to constitute a uniform security instrument covering real property. ° � � � �
<br /> � iJNiFORM COVENANTS.Borrower and Lender covenant and agree as foltaws: `*.: 4
<br /> � ' �� 1. Payment oY Princi�ai and Interest; Prepayment and Late C6a�ges• Borrower shall promptly pay when due the .�
<br /> ` • • principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. �} i ;, `�..%:��•�
<br /> 2.Fantts for Ta��and Iasarattce. Subject to applicable Iaw or to a written waiver by Lender, Borrovirer shall pay to '�i �`�'��* ���.,.
<br /> . � � ixnder on the day monthly payments are due under the Note,unril the Note is paid in full,a sum("Funds")for:(a)yearly ta�ces . _ ._`�<
<br /> , '' and assessments which may attain priority over this Security Instrument as a liea on the Property;(b)year�Y leasehotd paymenu : ,�: ; �_
<br /> �4 . or ground rents on the Pcoperry.if anY:<c}yearly hazard or praperty insurance preatiums:(d)yearly flaod insurance pnauums. ° ,.� �r�_���:
<br /> ` ' sums a abie b Borrower to Ixnder,in accordance with '`' �
<br /> ' , if any: (e)Yearly mortgage insurance premiums, if any:and(�anY P Y Y ' � `"=_-
<br /> , � :;� the provisions of paragraph 8,in lieu of the payatent of mortgage insurance premiums.These items are cxlled"Fscrow Items•" ,. - - __
<br /> � . • • Lender may. at any ticne. eollect and hoid Fluids in an amount not to exce�ed the maximum amoum a lender for a federally _
<br /> , '. related mortgage loan may require for Borrower s escrow account under the federal Real Estate Settlement Procedures Act of �-
<br /> 1974 as amended from time to time, 12 U.S.C. Secxion 2601 et seq. ("RESPA"),untess another law that applies to the Fnnds •' —_
<br /> sets a lesser amount. If so. I.ender may, at any time. collect and hold Fands in an amount not to exceed the lesser aznouat '� `" � '" •' _-
<br /> i ;�- �.-�
<br /> � Lender may estimate the amount of Funds due on the basis of current data and reasonable esamates of expenditures of fature ''.. „_ �.`
<br /> ... . .. ' Escrow Items or otherwise in accordance wiih apptipbte law. - ,'; ��s
<br /> .' ,� The Funds shall be held in an institution whose depasits are insured by a federal agency, i�suumentaiity. or entity �:-�-r
<br /> ��x':;.,._.;
<br /> � ..� ; (including Lender,if Lender is suc6 an institution)or in any Federal Home Loan Bank.L.ender shall apply the Funds to pay the .. .,� .� .__..
<br /> Escrow Items.Lender may not charge Borrower for hotding and applying the Funds.annaally analyzing the escrow account,or •. .� . ��.�o•;;;��ti
<br />_ : ... . .. _, verifying We Escrow Items.unless 1.ender pays Borrower interest on the Funds and applicable law pernuts Lender to make such •���:�,��`.__
<br /> � � ',� - a charge.However.Lender may require Borrower to pay a one-time charge for an independent real estate taa reporting service : . = .�_� ��.
<br /> . .•..Y ,.::-.;'" = y�,,_.
<br /> used by Lender in connection with this loan, unless applicable law provides otherwise. Untess aq agreement is made or <. ��
<br /> ; •i applicable law requires interest to be paid.l.ender shall nat be required to pay Borrower any iriterest or earnings on the Funds. � � .._+���
<br /> • � � ;i Bosrower and I.ender may agree in wriung. however,that interest shall be paid on the Funds. Lender shall give to Borrower. :�: �' •``�`��—�—
<br /> �._ --
<br /> � • �;•�: without chazge,an annual accounpng of the Funds,showing credits and debiu to the Funds and the purpose for wluch each "����`;�---'
<br /> . debit to the Funds was made.The Funds are pledged iLs additional security for all sums secured by this Secvrity Instrument. •`�'�—�-��
<br /> :,. . � 1 �:.':a.:
<br /> . If the Funds held by Lender exceed the amounts permitted to be held by applicabte law.Leader shall account to Borrower .-�.,�n�,
<br /> . ' for lhe excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any • ;; ,.:, �•,_�
<br /> time is noi sufficient to pay the Escrow Items when due.Lender may so noqfy Borrower in writing,and.in such case Borrower � .>;: _,�:�•.
<br /> , � � . shall pay to Lender the amount necessary ta make up the deficiency. Borrower shall make up the deficiency in no more t�an . ��"�_�='
<br /> .��r,...-
<br />_ twelve monthly paymenu,at Lender's sole discretion. .. , ,;:,��•-
<br /> � Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to$orrower any =—
<br /> ..� � � - Fuads held by Lender.If.under paragraph 21,Lender shall acqaire or sell the Property.Lender.prior to the acquisition or sale ;_ ,.' � ; __
<br /> . � : ; � of the Properry.shall apply any Funds held by Lender at the time of acc�uisition or sale as a credit against tfte sums secured by • .r ��_
<br /> .. : , � this Security Instrument. • ' .�:
<br /> 3.Applicat�on of Payments.Unless applicable taw provides otherwise.all payments received by Lender under paragnphs
<br /> � ' 1 and 2 shall be applied:first,to any prepayment charges due under the Note;second.to amounts payabte under paragraph 2; - - -
<br /> . � : .�p third.to intetest due:fourth.to principal due;and last,to any late charges due under the Note. � ;�,�
<br /> ' . '•} 4.Ctiarges;Lfens.Borrower shall pay all taxes.assessments,charges, fines and impositions attributable to the Property .•-
<br /> , ., _.�
<br /> which may attain priority over this Security lnstrument, and leasehold paymenu or ground rents. if any. Bonower shall pay : . :t;�,�%-••:::,�.
<br /> � ' �•''� these obligations in the manner pmvided in paragraph 2,or if not paid in that manner.Borrower shali pay them on time direcdy � ..
<br /> -� . ' • � to the person owed payment. Bonower shall promptly furnish to l.ender all nouces of amounts to be paid under this paragraph. . .
<br /> .' If Borrower makes these payments directly.Borrowcr shall prornptly fumish to Lender receipts evidencing the payments. .
<br /> � Borrower shall promptly discharge any lien which has priority over this Security lnstrument unless Borrower.(a)agrees in ; �
<br /> ' writing to the payment of the obligation secured by the lien in a manner acceptable to Lender.(b)wntests in good faith the lien � � ��' ��,
<br /> . _ . by, or defends against enfarcement of the lien in, legal proceedings which in the l.ender's opinion operate to prevent the. ,�
<br /> ' � � • enforcement of the lien:or(c)secures from the holder of the lien an agreernent satisfactory to[.ender subordinating the lien to • . .
<br /> '. • this Securiry Instrument. if Lender determines that any part of the Propeny is subject to a lien which may attain priority over � � .
<br /> ' � . this Security Instrument. Lender may give Borrawer a aoticc identifying the lien. Borrower shall satisfy the lien or take one or .
<br /> more of the actions set forth above within 10 days of the giving of notice. : •..
<br /> � Form 3028 9/80 " �
<br /> , .. . � vaao s o�6 . .. �� ..
<br /> _ � � . !
<br /> . . '
<br /> •- .._ _,. _ ._ _ __ _ .
<br /> .�. . . ......... ------^ . _ . . . .
<br /> �..--"---�...._...-... -._ .-- �. ._._�,.—..-._--�._._.- -- .'"�"" —. ....____ ._... .. � . . -
<br /> . . , . . . .. . . ._ . . . ._.��—. . .
<br />_ - � ' - _ • ` - . .� � -_ - - .
<br /> � a� :. . . .c.- iir"t'�'-'?�..�:�.w nT�,.•-��x.-,r�;;�
<br /> i.
<br /> ..,SG'„'"'":.�'�...�...�`�'. ..... _. .. . .., .. ._a.-'�• ....,,...._.. . s-•... . , . .... ••f...,�. ...,.,. ,.,.�.[i�.,F..�:,5._�-..��,:.«��......-�..«....... .,t. ., �...--..t4...:..a..i..w7..a�:.e:_-M._.�_,�_�__. ._..
<br />
|