|
� •,
<br /> /� _'
<br /> � .. . . �
<br /> 97� �u���`� �
<br /> "1'OaETFiER WITH aU ihc improvcmcn�s now on c�rcattcr crcctc:d on thc property, and ull cascmen�s, appurtcnanccs, and •''
<br /> � fixtures now or hereafter a part of Ihe prapeny. All repincements and uddiUons shull also be covered by this Securiry Instrument. • �`
<br /> � AU of thc forcgoing is refeaecl to in this Sccurity lnstrumcnt as thc"Property." �
<br /> � BORROWER COVENANTS that Bonower is lawtully sciscd of the estntc hcreby convcycd and hns thc right to grant und �
<br /> . convey the Property and that the Prapeny is unencumbered, exeept for encumbrances of record. Borrower wurrancs and will �
<br /> defend generally the ude to the Property agninst all claims and demends,subject to nny encumbrances of record. .
<br /> THIS SECURITY xIVSTRUMENT combincs uniform covcnnnts for naqonal use and non-uniform covcnsints with limitcd
<br /> „ veriations by jurisdicdon to consdtutc a unifortn sccurity inswrncnt covcring rcal propcny. °
<br /> � LJNIFORM COVENAIV7'S.Borrawcr and L.endcr covenant and agree as lollows: �
<br /> 1.P�yment af Principal und Interest;Prepayment and Late Charges. Aorrowcr shall prompdy pay when duc the -
<br /> � principal of and intcrest on the debt cvidenced by the lolotc and any prapaymcnt and late chargcs due undcr thc Note. „
<br /> 2.Funds for Taxes�nd lnsuraace. Subject to epplicable law or to a wriuen waiver by Lender, Borrower shall pay to � '
<br /> Lender on thc day monthly paymcnts are due undcr the Nate,undl thc Notc is paid in fuU,a sum("Funds")for: (a)yearly taxes ;;;.;,
<br /> and assessments which may auain priority over this Cecurity Instrumcnt as a lien on the Property;(b)yearly leasehald pnyments ��'�-
<br /> or ground rents on the Froperry,if any;(c)yearly hazard or property insurance premiums;(d)yearly floai insurance premiums,if - --
<br /> any; (e)yearly mortgage insurance premiums,if any; and (�any sums payable by Borrower to Lender,in accordance with the _
<br /> provisions of pruagreph 8, in lieu of the payment of mortgase insurance premiums. These items are called "Escrow Items." '
<br /> Lender may.at any dme,collect and hold Funds in an emount not to exceed the maximum amount a lender for a federally related �
<br /> mort�age loan may require for Borrower's escrow account under the federnl Real Estate Seulement Procedures Act of 1974 as �;__
<br /> amended from time to time,12 U.S.C.Secdon 2601 e�seq. ("RESPA"),�u►less another law thst applies to the Funds sets a lesser _ _
<br /> amoun� If so,Lender may,at any time, collect and hold Funds in an amount not to exceed the lesser amounG Lender may ' -�..
<br /> estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of fupue Fscrow Items or , �-
<br /> otherwise in accordance.with applicable law. � �
<br /> The Funds shall be held in an instiwtion whose deposits are insured by a federal agency,ins�umentelity,or entity(including ,� ° ��
<br /> � Lender,if Lender is such an institudon)or in any Federal Home Loan Bank.Lender shall apply the Funds w pay the Escrow .. �.� • �
<br /> • Items.Lender may not charge Borrower for holding and applying the Funds,nnnually analyzing the escrow account,or verifying ��
<br /> the Bscrow Items, unless Lender pays Borrower interes�on the Funds end applicable Iaw permits Lender w make such a charge. �,_ �:
<br /> • However, L.ender may require Bonower to pay a one•tirrxe charge for an independent real estate tax reportinng service used by ��� '��
<br /> ' L.ender in connection with this loan, unless applicable law provides othenvise. Unless an a�reement is made or appGcable law - ,�! _
<br /> requires interest to be paid,I.ender shaU not be required t,o pay Borrower any interest or eamings on the Funds.Boaower and `_
<br /> Lender may agree in writing,howaver,that interest shalt be paid on the Funds.L.ender shell give to Banower,without charge,an
<br /> annual accounting of the Funds,showing credits and debit,to the Funds and the purpose for which each debit to the Funds was �� _
<br /> made.'ITie Funds are p]edged es addidonal security for all sums secured by this Security InstrumenG :5 u ��-
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law,Lender shaU account to Bo�rower for .� ��
<br /> the excess Funds in accordance with the requirements of appGcable law.If the amount of the Funds held by Lender at any time is � � ,.1;;: � �'
<br /> not sufficient to pay the Escrow Items when due,Lender may so notify Bo�rower in writing,and,in such case Bonower shall pay '
<br /> - to Lender the amount nece.ssary w make up the deficiency. Bonower shall make up the deficiency in no moee than twelve
<br /> monthly paymcnts,at Lender's sole discretion. _.,.z._.._�,
<br /> � ; Upon payment in full of ell sums secured by this Security Instrument,Lender shall prompdy refund to Borrower any Funds � �.
<br /> � held by Lender.If. under paragraph 21,Lendcr shall acquire or seU the Property,Lender,prior to the acquisition or sale of the s� �'—'�'
<br /> Propeny,shall epply any Funds held by Lender at the ame of acquisition or sale as a credit against the sums secumd by this , ---
<br /> Sectuity Instrumea� �;;-'�--
<br /> 3.Application of Paytnents. Unless appllcable law provides otherwise,all payments received 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 /> �.y���.,�t.:..
<br /> third.W interest due;fourth.to principal due;and last,to eny late charges due under the Note. —_ _
<br /> ° " 4.i.6nPges;iiene. Borrower shali pay ull taxts.essessments, charges, fines and imposi[ions aUribuiable W ine F�vperiy —�`�:".��.`
<br /> which may attain priority over this Security Instrumcnt,end leasehold payments or ground rents,if any.Bocrower shall pay these ��`;��v'�'°'�"'�`,
<br /> • obllgations in the manner provided in paragraph 2,or if not paid in that manner,Boaower sliall pay them on time dirccfly to the '�"='"-=
<br /> n owed a ment Borrower shell rom tl fumish to I.ender all notices of amounts to be a�d under this ara �'� �""`"
<br /> � Pv� P Y P P Y p ' p graph. If �.'.; A..,�.'.�':.--.�
<br /> Borrowa makes these payments directly,Borrower shall prompdy fumish to Lender receipts evidencing the payments. ,,,y �-•_°�vrc=��
<br /> Borrower shell prompdy discharge any IIen which has priority over this Security Instrument unless Borrower. (a)agrers in ':"''i=�� •`�`�;'���'�p'
<br /> . .�.:.r:S�x:�"'s'�%�.
<br /> writing to the payment of the obligauon secured by the Gen in a manner acceptable to Lender;(b)contests in good faith the lien �•:•,;-t:,:s;.<,<-_'�_
<br /> by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the '='•L' ��`.'� ...
<br /> . enforcement of Ihe lien;or (c)secures from the holder of the lien an a�;reement sadsfactory to 1_ender subordinating the lien to � "
<br /> this Security Instrument If Lender determines that any part of the Property is subject to a licn which may attain priority over this •• '
<br /> Security Instrument,Lender may give Borrower a noticc identifying the lien. Borrower shall satisfy the lien or take onc or more �
<br /> of the acuons set forth above within 10 days of the giving of nodce. ' .
<br /> ' Form 3028 9J00
<br /> �-8V(NE)�02�21.0� P�p�2 018 inmuc_.. .__
<br /> 793-2
<br /> ,
<br /> __�..._.,....--•-•---___._..._.__._ ...__.. ---- - ------- -- --
<br /> i
<br /> . I
<br /> 1 _
<br />
|