|
: . . ,.-,_.# . ^ . . . . ... r y �:
<br /> �. .;_ -.. _
<br />._ ' �--:-v�-._- `�i�- .. _....� . .. ,.. _ _� __ ' _ _. .. '__ - _�R.._ _1._ _ _ t_rl'".� __ '4'.
<br /> ' • _
<br /> _ —_ '-_ .'__ _ —_
<br /> . . . .� . � -., . � . . . . . .
<br /> .
<br /> . s , �
<br /> �. �. :
<br /> I � . •
<br /> �
<br /> ` , y: . . r -�r• . _ - �'�,� ` . . - E. - `` a �� . . ` t(_4°'` , �'f (u .._
<br /> F. �
<br /> � : . . _, .� - '�o . � . a - � .k, , � - � � c< ,- - .
<br /> • ` .�.C�y � � � .�� � `L _ . _ i .� . . - .. � . . . . , ° _ �
<br /> r . � f�. c:v . � < . . r � -y .
<br />� � • �� � ,� ,C, _ 2 , ^, f. . � • . � ` � . . , ` ` _ ` • _' ..` � ��4 c��'
<br />� _ � ` � �. f ' . ... �.4C . < . .. �' . � . . .. .F ' . . f.`4 .
<br /> . . . . C" '� ' . 4 , r.. ..Y ali•a . ^� ..._._......._.. ...
<br /> , _ . . :�, _4' C` . ....'"" —._���..-
<br />• ' ��f��� � �.�� . ..���� . ..�����_.. �_
<br /> .�. � ti . ' .
<br /> _ � , ; . . . 9�- i� .. . :
<br /> � ,�� � ��� � ����
<br /> � . . �E�R WITH all the i�provements now or hereafiei e.rected on the ProP�Y,and all casemer�ts,aPPurtenanoes,and �-�._E � .. .
<br /> � '•`' � ` fucuues now ar hereafter a part of the prope�ty.All replacements and addirions shatl also be covered by�his Secucicy Insuumen� ,
<br /> �. .t . . �i 4,� .
<br /> ��. All of the foregomg is refcrrcd to in Uus Security Instrumeat as the"PmPerty." �t�,: .
<br /> �` , � BORROWER COVENANTS that Borrower is tawfully seised of the estatc hereby conveyed and has the right to grant and , ,.
<br /> ° "''`°�- convey the Propeny and ttmt the Property is unencumbeaed,except for encambtances of rcxord. Borrower warrants and will '. . • ° `
<br /> - . --�-=T dsfend generally ihe iitte to�hc Property�tga�st ali claims and demands,subject[o any encumbsances of rccord. ----
<br /> . .4< �` THIS SECiJRT1Y INSTRLJMF.NT combines unifarm coveuannts for national use and non-uniform coveaants with limited , _ .
<br /> ?^``. •,. - , vmriaations by jurisdiction m constiwte a uniform security instrument covering real proPeny . � .
<br /> Y.; � u ���.
<br /> �, : . UNffORM COVENANTS.Bo�rower and t.ender covenaut and agree as follows: �,"�`'• .:: _
<br />:<<- L Paymeni ot Principal and Interest;Prepapment and Late Charges. Homnwer shall pmmptly pay when due the _.
<br /> ;�-.•• '. � principal of and interest on the debt evidence�by the Note and any prepaymeni and tate cGarges due under 11�e Note. � � __
<br /> �-�� 2.Fonds Por Talces and Insuraaoe. Sub�ect to applicable !aw ar to a wriuen waiver by Lender,Borrower shall gay to ` . '__=_=
<br />�,;� L.eader on the day monthly paymerus are dae under the Note,until the Note is paid in fu11,a sum("Funds")for.(a)yeariy ta�ces ' . _�::°:�-
<br /> ;,• '_.;�.;
<br /> and assessments which may auain priority over this Security Insuvment as a lien on the Progeny;(b)Yearly leasehold payments .:;,..�;_
<br /> or groand rents an the PropeatY,�anY(�)Ye�ly hazard or pmperty insutance premiums;(d)Yeazly flood insurance premiwms.if �; � :-;� __.
<br /> '�' � ,� �, anY:(e)Yearly mortgage insulance premiums,it any;and(Q anY sums payable by Bormwer tn Lender.in acGOrdance wit6 ihe - .
<br /> ��': .
<br /> ,�:. • ,,. Pmvisions of paragraph 8, in Geu a[ttie payment of mortgage insurance premiums.These items are caUed "Escrow Items." , .
<br /> �^ �� . • • • Leader a�ay,at any time,collect and hoid Funds in an amaunt not to excecd ihe ma�cimum amount a lender for a federally related _ ____
<br /> �a
<br /> . • , mottgage loao may require far Bonawer's escrow account undcr the federa!Real Estate SeWement Piocedures Act of 1974 as : _
<br /> -��'.� ;:. ' . . . ameaded from dme to timc,l2 U.S.C.Secxion 2b01 et seq. ("RESPA"),unlcss another law that applies to the Fwds sets a tesser ;�� _ ---
<br /> �. ,::;,. •�. _
<br /> � • -- amaunt!f so, Lender may,at any time,collect and hold Funds in an amouni aot to exceed the lesser amount Lender may '`r _ `
<br /> ;:.:.�.
<br /> ;:�;� �._ ' estimate the amount of Funds duc on ihe batis of current data and re�asonabtc estimates of expendiaues of fuuue Fscrow Itcros or �. ,.
<br /> , �:�:�•
<br />`�..` • . ath�rise in accordance with applicable law. ,
<br /> "' � � The Funds shall be held in an instuution whose deposits are insured by a fedetal agency,insuumentality,or entity(includiag , •: �r:,j"4'-_
<br /> ��. � ,. ' ".��s,.� '' _
<br /> _ _ . • . , L�ender,if Lender is such aa iastitation) or in any Federal Home Loan Bank.Lender shall apply thc Fnnds tn pay tbe Escrow +r`----�
<br /> _ >>.�.:E_-�-:
<br /> � - ltems.Leader may nat chacge Borrower for hotding and applying the Funds,annually analYzinB ihe escrow account,or verifying =,--
<br /> '�'� _'; the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law p�rrnits Lender to maks sucb a charge. .o�••.. �,:'.;.��_
<br /> #< � �•� ' ` �. �; However,Lcnder may require Borrowcr w p�y a one-timc charge for an indepcndent real estate tax reportn�g sesvice used by � �•� ' -,_�
<br />��~ Lender in connection witb this 1oan,unless applicable 1�w provides otherwise.UntesS an agceement is made or applicaIsle law -- —
<br /> ::.• .. , .
<br /> ' ' '; rcquires interest to be paid,l.ender shal!not be requircd to pay Bormwer any intcrest or eamings on the Funds.Bonoaer and � - _
<br />-". : � Lender may agree in writing,however,that intemst sha11 be paid on the Fands.I.ender shall give to Borrower,without charge,an � ,�;,
<br /> :,;'' . , annaal accounling of tiie Funds,showing credits and debits w the fiunds and the purpose far which each dcbit to the Funds was .�;f.;:;,.;;��.
<br /> ` . made.'flie Funds are ptedged as addiuonal securiry for all sums secured by tdis Security InsaumenG � � S --__
<br /> �. .. _ ,., .s.
<br /> ;�`. ��-.-.. - .-:.-.�... ..:.' If thc Funds held by Lender exceed thc amouncs pcmdued to bc held by appGcabte Jaw,Lender shall account w Honower for ' '
<br /> • ' � thc eacess Funds in accordance with the requiremcnts of applicable law.If the amount of the Funds held by[.ender at any time is ' •A�';�lY,
<br /> . � .• . not sufficient to pay the Escrow I[ems when due.Lender may sa notify Borrower in wridng,and,in such case Borrower shall pay � ��;:-
<br /> � ta Lender the amount necessary to makc up the deficiency. Borrower shall make up thc deGcicncy in no mare ihan twelve .. '�..�-
<br />. . ,� -
<br /> � manthly paymcnts,ai Lcnder's solc discrcuon. ' �. :_--
<br /> ' • . Upon paymcnt in tull of all sums secured by tt.is Security Inswment,Lendcr shall promptty rcfund w Bonowcr any Funds _ _
<br /> � '�` ' ' . held by L.endcr.If,undcr paragraph 21. Lcnder shall acquirc or sell the Propeny.Lcndcr.prior w the acquisidon or salc at the , —
<br /> �>' � • • ' Property,shall appty any Funds hcld by Lcnder at the timc o!acquisitian or sale as a credit against the sums sccured By this � -_--
<br /> �r .� Securiry Inswmcn�. �
<br /> `__- _.- i.ApplItation of Paymen�s. Unless applicable law provides othcnvise.aA paymen�s received by Lender undcr paragraphs
<br />�':"`.` ,4� 1 and 2 shall bc applicd: fust,to any prcpaymcnt chargcs duc under thc Notc:second,to amounts payablc undcr pazagruph 2; , .
<br /> s:' �: . • � ' • th¢d,to interest dae:founh,to principal due;and last,w any late ch�rges due under the Note. .
<br /> � . ._ � 4.Charges;Liens. Borrowcr shall pay all taxcs,asscssmcnts,chazgcs, fincs and imposidons awibutablc to the Propeny •
<br /> . � . � which may auain priority nvcr this Sccurity lnswmcnt,and lcaschold payments or ground rents,if any.Borrowcr shall pay thcsc •
<br /> • ' • obligations in thc manncr provided in paragraph 2.or iP not paid in ihat manncr,Honowcr shall pay thcm on timc dirccUy to thc • . �
<br /> ����'°., . . � person owrd paymcn� Borrowcr shall prompUy fumish to Lcndcr all nopces of amaunis w bc paid undcr this parngraph. If •
<br /> '•° � Borrowcr makes thcsc paymcnts dirccUy.Borrowcr shall prompUy fumish co Lcndcr rcccipts cvidcncing thc paymcnts. . � ,
<br /> �• ' Bonower shall prompUy dischargc any lien which has priority ovcr this Sccurity Insuumcnt unlcss Borrowcr:(a)agrces in
<br /> • writing to thc paymcnt of Ihc obligation sccurcd by thc licn in a manncr acccpwblc to Lcndcr;(b)c�ontcsts in good taith thc licn •
<br /> � by, nr dcfcnds against cnforccmcnt of thc licn in. legal procecdings which in the Lender's apinion operat� w prevent thc
<br /> ..,
<br /> entorcement of the tien:or(c)secures from ihe holder of the licn an agreement sausfaccory to Lender subordinating the lien eo -
<br /> ' Ihis Sccurity Insuumcnt.If Lcndcr dctcrmincs that any pan of thc Propcny is subjcct to a licn which may attain priority ovcr this . . .
<br /> , . • Securiry Inswmcnt,Lcndcr may g�vc Borrowcr a nouce idcnufying thc licn. Borrowcr shall sausfy thc licn or takc onc or morc • �
<br /> � � c,f thc uctions set fonh abovc within lU days of thc giving of nuuc;c. .
<br /> •, ; Form 3028 9�90 � . �
<br /> t' . • .
<br /> . � •BN�NE)tfl2�z�.o+ vago2ots tn�ua�s: ..
<br /> i- � �
<br /> �;,. . � .. ..
<br />'�. � � � . �
<br /> ;} � '. . . . � .' " . .. � _ ,-
<br /> ,y. . , - . : • . • °
<br /> ' , • ` . '. . ' . ' ' ��� . .
<br /> , � . . � .
<br /> ?�..-. `' ._ . • . . . .
<br /> L� . � , . . '
<br /> `� • . . . .., � . , . • ..r...,.
<br /> , , �.
<br /> .
<br /> ...�... ...,........•..u.._.a..d..,........ ,� -_ -� .� .- . ... --- � . ..,,.n �. .� -.--.•. �,Tt . . .. .. ... .. . . . .._...1 ._. ..�.,.._.-.._......._.. .., .. . . �.,�i.:�..�. .. t..... ....
<br /> ��9:- Z. � µ S
<br /> ... _. ._ "' _ " ___ ,._' ' '1� •.{•, 1.
<br />
|