|
. . ' ' � . . . . � . ' � . .. . < .
<br /> • , ' . • _ . ' . . . .. . ` , i '
<br />.. . � . . . . . � � . . . . . . , ` ' � ' � � .,
<br /> � ... . . . , � a . _ ' - � ., '� • � .
<br />. . . . . ` . . . . - . . r ' . . . . . .� . .
<br /> . ; gg- A�,��.�� - � � .
<br /> ` • � TOGETHER W['i'H ail�he improvcmcnts n�' or�ts att�dmon�sesh�all a�o�be covcrcd by this Secun'ty InsWmenL '- � .
<br /> ' � Cupues now or hereaftca a part of the property. rcp ' -
<br /> � All of the foregoiag is referred to in this Securiry Inswment as thc"Property."
<br /> _ -- : � BORROWER COVENANTS thaz Bormwer is lawfully seised of the estate hereby conveyed and has the right tn grant and ` .- -- -- -
<br /> c a n v e y t h e Pm p e r t y and Ihat the Prapcxty is�snencumbered,except far encumbcances of record. Borrower wariants aad will ;
<br /> � ' ` , i defend gemaally the atte w the FmpeatY against all claims and demands.subject to any encumbrances o f reco r d. : . , ..
<br /> T�IIS SECURIT1t INSTRiJ11�NT combines uniform coveaants for aational use and aon-unifmm covenanrs with lunited ! �} . .
<br /> � �� variations by jurisdiction to consosute a unifomi security a�suument covering real prope,riy i .
<br />- :� IINIFORM COV�NANTS.Barrower and Lender coveaant and agree as foltoas: E_ ` .-` �
<br /> • � 1.Payment of Yrincipa!and Interest;PrePe3rment aBd Late C6arges. Bormwea shali promP�Y PaY when due the �, _ . `
<br /> � ! prime�pal of and interest on the debt evidenced by the Note and auy prepayment and late charges due under the Note. k • , •
<br /> ` ,,
<br /> � 2.Fands Por Taaes aud Tns�ranc� Subject tn app1is�ble iaw or w a wciuen waiver by Lender.Borrower suall gay tfl ' - . . ��,�,=
<br />= ' ; Lender on the day monthly paymeats are due under the Note,until the Nots is paid in fu11.a sum C'Funds")for.(a)yearly taxes ; � •ti •. .
<br />`` and assessments wluch may auain priority over this S�urity Ins�ument as a lien on the Aropeaey;(1�)Yearly ieasehold payment� i ,
<br /> , ,, � -�`-;"::;r.
<br /> �` or groand=ents on the Pmpeny,i�anY:(�)Y�Y hazard or pmperry ins�aance Premiums;(�Y�ly tlaod ins�uance premiums.if .�?,
<br /> , any;(e)Year1Y mortgage ins�uance p•P••",,•,,�,if any and(�anY sums PaYable by Borrowa w Lender,in accordance with the � . . z:,�`�
<br /> ` provisions of paragrap h 8,in l ieu o f t h e p a y m e a t o f m o rt g a ge insurance p remiums. 'Ibese it�ems are caIIed"Escmw Iterns. �...�_; ,.
<br /> Lender may,at any time,collect and hold Funds in an amount not w acceed the maxim�m amount a lender for a federally relatecl ..: F:.;^�' ,
<br /> - mortgage loan may require for Botrower's escrow accouni�nder the fedeial Real Estate Seutem�t Proce�ures Act of 1974 as _ �-.�_
<br />- amended from tune to time,12 U.S.C.Section 2601 et seq. ("RESPA").imless anoth�iaw that apphes to ihe Funds seis a tesse� _. ..:�.
<br /> � � • amaunt If so,Lender may,at any qme,callect and hotd Funds in an amount not w exceed the tessea amount L e n der may �. �• ,��.
<br /> .� ' `�t estimate the amount of Funds due on the basis of current data and reasonabte es6mates of expendibues of fuwre Escmw Itans or ` 1r•�. � '-`�.
<br /> ; ' � othe�wise in accordance with applicab2e law. 4 ;,��
<br /> � 'ihe Funds shaD be held in an iustinitinn whose deposits are insured by a federal age�cY.iast�umentatitY,ar entity(iacluding i t° •' ;
<br /> Lender.if Lender is such an institudon)or in any Federal Home Loaa Bank.Lended shall apply the Funds w paY the Fscruw �.. _�.�:�".�:`"
<br /> the escrow accouat,or veaifYNB - ,,;..�-^t',
<br /> Iteins.Lender inay not charge Bonower for holding and applying the Funds,annually analY�B ' �;��
<br /> . the Escrow Items,unless I.eader pays Borrower interest on the Funds and applisxble taw permits Lender w maice such a charge. .it��,.,�
<br /> Howeves.L.ender may tequire Borrower to pay a on�time cdarge for an independent real estate tax reposting service use3 bY ���;,_.r.�+�
<br /> . �::,,�e;
<br /> "` hcable Iaw provides athe�rise.Unless an agreement is made or applicab2e law .... . .:-�..;---
<br /> .: Lender ir►connection with this loan,unless app� ,
<br /> reqimres Interest to be paid I.ender shall not be required to paY Bormwer any inteaest or eamings on the Funds.Boaower and �;;���`�.;
<br /> Lendea may agree in writing,however,that inteaest shall be paid on the Fands.Lender shall give to Borrowca,without charge,an .. _;,:;;-:;�.
<br /> - • annual accounpng of the Funds,showing credits and debits w the Funds and the purpose for whic6 each debit w the Funds was -r�;;�•',
<br /> made.The Funds acs�pledged as addiiional security for sU sums scxured by this Seciuity Instrument :,
<br /> � If the Funds hetd by Lender exceed the amounts pem�itted to be hetd by applicable law,Lender shaU account to Borrower for .
<br /> � die excess Funds in accordance with the requiremeats af applicable law.If the amount of the Funds held by Lender at any time is ::.:i`=,``�
<br /> not sufficient ta pay the Fscrow Items when due,Lender may so notil'y Borrowea in writin8,an�,�n such case Borrower sha11 PaY ,. . .
<br /> ,,.:;_,.
<br /> � w Lender the amount necessary to make uP tlie defaency. Borrower shall make up the deficieacy in no more than twelve _.. ��"=.�
<br /> monthly paymcnts,at Lender's sole discretion. ' . _ --
<br /> �, Upon payment in full of all sums securcd by this Seauity Insuument,l.ender sha11 promptiy refund to Borrowea any Funds ,' �
<br /> ' ' hetd by Lender.If,under paragrapb 21,Lender shall acquire or sell the Property,l.ender,prior to fhe acquisition or sale of the , _ • . ;�''
<br /> . .,:
<br /> - Property, shall apply any Funds held by Lcnder at the time of acquisition or sale as a aedit against the sums secured by this .. ,:
<br /> ,;_ Securiry Insttument ments received by Lender under paragraphs . ;.
<br /> = 3.Application oY Payments. Unless applicabte law provides otherwise,all pay , .
<br /> "s' 1 and 2 shall be applicd:first,to any prepayment charges duc under the Note;second,w amounts payable andcr paiagraph 2; . .. . •
<br />::'; . • � third.to intexest due:fourth,w principal due:and last,w any late charges due under the Note. .
<br /> 4.Charges;Liens. Borrower shall pay all taxes,assessments,charges.Cines and imposi6ons attributable w the Property
<br /> " whicd may auain priority over this Security lnsuument,and leasehold payments or ground rents,if any.Bosrower shall pay these -� .
<br /> ,'`' obligations in the manner provided in paraSraph 2.or if not paid in that ma�mer,Borrower shall pay them on time directly to t1►e
<br /> ��', person owcd payment Borrower shall promptly f�nish to Lender all nodces of amounts to be paid under this paragraph. If
<br /> .�';��, Boaowcr makes thesc payments d'ucetly.Borrower shall prompUy fumish to Lender receipts evidcncing ihe payments. ; . .
<br /> ' Borrowcr shall promptty discharge any lien which has priority over this Security Instrument unless Boaower.(a)agcees in �
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender:(b)contests in Sood faith the lien ,.
<br /> by. or defends against enforcement of the lien in. Iegal proceedings which in the Lender's opinion operate to prevent the i ,
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien w .
<br /> this Security inswment If I.ender determines that any pace of the Pcoperty is subject to a lien which may auain priority over this ! �
<br /> Security Insuumen�Lender may give Bonower a nobce idencifying the lien.BorrDwer shail satisfy the lien or take one ar more � .
<br /> • . of thc actions sct forih above within 10 days of ihe givmg of notice. Form 8028 91g0 '
<br /> �•8R(NE)�az�a�.o� aaao2me imuais:
<br /> . �
<br /> . �
<br /> '_;: • . • ' .
<br /> ��.
<br /> �� ' .
<br /> .� _
<br /> �, •� —
<br />.._...� .� . . . _ . . . '. . s .... _ .__... .. ... . ... ..'_1....._......� ...... ..""' __'.�.:.._�^�-�.�..�.�. .�. ._ __,t ri Ad� ,..
<br /> . ` .: "� ..Lw�'�`-�",���?
<br /> . • � .v � . ' ':
<br /> � � • :,
<br /> . ;
<br /> a
<br /> .__.'_'_. ____ .___.�_____�._.__._��._.. _ ._._.. . ' .: . . i .. . .. � . ��� . . : =L1.'...._ .. �]__. . _L�.a..."._._. ..�.L��.:...�L J:..-
<br />
|