|
. . . �,i�.
<br /> -"`y'__— -._.. . �• . . . ._--____ _�—_ - .5...._`f�'_-- ': ..._.
<br /> . � � •. . 'i • . . • �+�:
<br /> , c • . _ . .,., ' " ' � '
<br /> ' . . . . � ..f,.
<br /> . 9�+iG��30 ; .�� � -.�._--
<br /> T�C',ET'NFR WITH all the improvcments now or heYeaftcr crocted on the praperty,and all easemenu.appurtenanses.and r. •� ��'�
<br /> fucpues now en c�rcafter a part of thc pro�m;.A11 repl�ements and addirions shall also be coveaed bY this SecvritY Ins�umen� • � • %;�.-i�
<br /> All of ihc foregoing is relerred to in this Security lnstrumeru as the"Property." � ��
<br /> SORROWER COVEIVANTS Fhat Botrower is lawfully scised of the estate hereby convcyed and has the right to grant and � •
<br /> convey the Pcoperty and that the Fmperty is uneucurnbered.except for encumbrances of record Barrower warcants and will �� .,. : �
<br /> defe�d gertzrsslly 1he tide to the PropertY a�ainst all claims and demands.subject to any encumbrances of record. f . •-
<br /> _ i THIS S�CURITY WS'I9tLTMENi'oombines uniform covenants for national use and non-uniform covenants wiW 19mited � ' _
<br /> 3 variatious by jusisdicsion tn consiadtte a nniform securiry uLStnunent wvering real pmpercy. _
<br /> � � UNffORM COVENANTS.Bonnwer and Ler►der cavenant and agree as folIows: • � r r
<br /> 1.Payment of Prtuctpal and I�eterest;Pre�tayment and Late C6arges. B�rower shall prompdy pay when due the
<br /> prinapal of and interesc on the debt evidenced by the Note and any paepaymertt and lare charges due under the Note. , �
<br /> 2.Fuu�tor Tases and Insuraaca Subject to appGcable faw or w a writt�waiver by Lender,Barzower shaU pay co . , , _
<br /> L.eader on the day montNy payments are due under Ihe Note.until thc Nate is paid in fu11.a su�n("Funds")for.(a)YeartY ta�ces ' . . _ . _. . _
<br /> and asse�nents which may attain prioriry ovei this Security Insaument as a lien on the Property:(b)Year1Y leasehold payme�ts f !� ... . � �
<br /> .,,.�;
<br /> or gound rent�on the Properry.if ar►Y•(c)Yearly hazard or property ins�uance pm.�iums,(�Year1Y Aaod insurance premiums,if ' � •`: =t-
<br /> any;(e)Year1Y mort�age insurance premiums.if any:and(�any sums payable by Borrowa to i.euder,in accordance with the , -
<br /> provisons of paragraph 8.in lieu of the paymeat of mortgage insurance p;emiums.'Ihese items are callcd "Escrovi Items." . •.,� ;:�c
<br />• Lender may,at any timme,collect and hold Fuads in an amount nat to eaoeed the maximum amount a lender for a federally related ; , :..�
<br /> mortgage tvan may require for Boirower's escrow account under the fedetal Real Fstate Seulement Procedures Act of 1974 as f' ' . �. ,��; �
<br /> ameaded from time tu time,l2 US.C.Sectinn 2601 et seq- ("RESPA").unless another law that applies w ths Funds sets a lesser � e. ,. � . � • _
<br /> amount If so. Leadra may.at any time, collect and hold Funds ia an amount not w exceed 4he lessu amaunt L.endex may . . �
<br /> m
<br /> estunatc the amount of Funds due on the basis of cu�rent data and reasonable estimates of expendiwres of funue Escrow It�as or � • ' �•
<br /> otherwise in a�osd�stce with aFplicable law. �- � '�i.�_
<br /> .' 'Ihe Funds shall be held in an institution whose deposits are insured by a fed�al agency.insuumc�tality,or entity(inctud'mg �� , � ' �.
<br /> iLendea.if Leader iv such an inst+tution)or in any Federal H�me i.oan Hank.I.erid�shall a�ll+the Fnnds to pay the Fscrow . : -` '.�`
<br /> •�� Items.L.eudea may not charge B�crower for holding and aPPlying the Funds.annually analyang the escrow account,or verifying ' � ;,. . ...? : •- �
<br /> �e Fscaow Items.�nless L.euder pays Borrower interest on the Fuads and appdicable law peJUUts L.euda w make such a c6arge. ' �''�--��'�! -�
<br /> �Iowever,Lender may require Boisower to pay a one-time charge for an independeat real estate taa ceportimg sa�vice used by � . . ;. ��,,� .
<br /> Lender m connec�on with tLis loaa,unless applicable law provides mhe�a►ise.Unless an agreement is made or applicable!aw , 3..,
<br /> . ceynires inteae.sc tn be paid,Lender shall not be required to pay Bonower aay mtraest or eamings on the Funda Borrower and � � -.'..:�.. . .�'
<br /> . I.ender may agree in writing,however,that intrxest shall be paid on the Funds.Lea►der shall give to Boirawer,aithout cdargc,an �
<br /> ann�al accounting of the Funds.showing credits and debits to the Funds and the purpose far which each debit to the Funds was � � � �.r��'�,'� _
<br /> ,_ y y ,
<br /> ' made.'Itle Funds are ptedged as ad,ditional security for all sums sec�ued by this Security Instrument .;�.r:-:-
<br /> ' If tbe Funds held by L�nder exceed itee amounts permitied to be held bY apPlicable law.l.ender shall account to Bonowea for , ., ,�' � � �
<br /> the eacess Funds�ar.aordance with the requiremenis of applicable law.If the amow►t of the Funds held by L.endes ai any ame is . `�e •' _
<br /> not scd�icia�t to pay the F.emw Items when due,L.ender may sn notify Bomawrr in writing,and.in such case Boirower shall pay _ . `� � �. ,
<br /> � co Le�dea atie amount aecessary to make up the deficiency. Borrower shall make up the deficiency in ao m.�e than ewelve . t� ,..�
<br /> monthlY PaY►nents.as Lender's sole discretion. �. . �--'
<br /> . UPon PaYment�full of all svms sec�aed by this Security Ins�ment,L�dea shall promptly m.fimd to Eaimwer any Funds —"'�'.��-._�
<br /> � hetd by Lenda.If,under paragraph 21,L�endea shall acquire or sell the Property,L�nder.Prior tn the acquisition or sale of th� � ',:"
<br /> . ' p ro p e i t y,st�all a p p 2 y an y Funds held by L.endea at the vme of acqaisition or sale as a credit a�ainst the sums secund by th� . .���`
<br /> Seauity Instrument : � ,.
<br /> '� -.:.�
<br /> 3.Apptkation ot Payments. Unless applicable law provides otherwise.all paymenis received by Lender undea paragraphs ' �
<br /> 1 and 2 shall be applied:fust.to az►Y pm.�aYment charges due under the Note;second.co amounts payable undea pa�agraph 2; �-
<br /> a �
<br /> third,to interest due;fourtb,tn PruiciAal dc*��►d fast,w any late charges due undea the Note. �`��•: _
<br /> 4.Charges.Liens. Bomower shall pay all taxes.assessments.charges, fines and impostions atuibutable tn the Property . '�'.;"..�=�`---
<br /> sa ,.,; . :�`.._� :w�•. ::
<br /> � . c,;f,�ch may at1a�priority over ttsis Security Insoruma►t,and leasehold payments ar g.vund rents.if any.Barmwea st�all pay these ;.,.t.; _
<br /> � obligations in the manna pmvided in para�raph 2,or if not paid in that manner.Bc�ower shaU pay them on time direcdy to Ihe . �
<br /> n owed ent Bonowea shall promptly fiunish to I.ender all notices of amounts to be paid undca this paiagrdph.If . � ,,'.'�
<br /> ' peaso PaYm �' : .
<br /> - Poirower ma'c�s a3�ese payments d'aectiy,Borrower shall prompily famish w La�de�receipts evidancing the Pa1'ments. ' � . +....
<br /> .�` Borrower shall prompCy discharge any lien which has priority ovea this Saa�rity Instrument unlcss Borrow�: (a)agees L*. �: . � -
<br /> ariring w the payme�t mf�obligation secaued by the lien in a manner acceptab'•e w 1.endea;(b)cantests in g�l fait6 the li� sc : .
<br /> by, or defends against ea�foreement of the lien in. legal proceed�gs wdich se �e L,ea�dea's opinion open:� ¢o prevent the �:.� � . _
<br /> enfoncemea�t a3 the lien:or(c)s�ecures fae�the holder of the lien an agreecnent satisfactnry w Lender subordinating the lien to . • .�
<br /> this Securiry Instrume,nt If Lendea de ^° that any part of the Progerty is sub,{ect w a lien wts'v�z may auain priority ovar this . . .
<br /> � Security Insuumen�Lea►der may�ve Borrower a notice idenrifying the tien.Bor�wer shall sz�y�he lien or take one or more • .
<br /> of the actions set forth above within 10 days of the giving of notice. � .—.-
<br /> Fo�m 8028 Ql90
<br /> �-8R(NE)tsz�z�.o� aae•z oi e inn�air. —.
<br /> . �=
<br /> • � . ' ; .
<br /> , •
<br /> � . ' � s.�.
<br /> -_ � . . .. . ._ . . . . . , ._.__„*,._..-_,.-r--„- ., _ ---.....�_ — .�.-- _
<br /> , ., ' ` , • . ... � . . . • . �! - ' . ..�- . `, . � � . . . , �' .� . . � ` .n' , _.. ' •[�! . . .
<br />
|