|
`-� ��.� - ` .:� ''��'-•_:- :a�._�:
<br /> � , � r.. . � _ . �`. .� - � , _ _;=7= `_ `=" ` �
<br /> " . - . (-ys= . _ . .. . ; , - _.- _ �...- '. . . .,_ ._ '�` . �.,.i. �,_,� .`„-
<br /> ! ._ .. �F . , ' � . ., .. , �. • , � , • `,w• �
<br /> � � -- _—` . - . -. . . -<. . _ . �. . ' _ ' ' . � . ` , '. �. _
<br /> �' . ` <, ( , • ' . .. . . ` � .. . ., . - ^; ` ' !`, ` - - -
<br /> . .. . . . . , ` ' � " , ' .. • . . < _� . -
<br /> ' � ` . _�._—. �'t-e�- -=----- • .. :...,,._.. � .. _., � . . �.�_�....�..<.--„�.�_._�.�-.--• - ._..,._. -t _. .��c..
<br /> • t �"- �.. ��_�G�45� . - -
<br /> -� - `_`�� 'POGETHFR W1TH atl the improvements now rn hereafter caected on the pmpecty,and aIl easemeaLs,aPP��� `'�,{,.
<br /> . --.—=°--��� f�es now ar herea[ter a part of the propexry.AU replacements and additiflns slmll aLso be cov�ed by this Seauiiy Instxument . �. ,
<br /> � � :�-.._;�'.
<br /> All of the foiegoiag is ref�ed w in shis Sec�rity Insdrumeat as the"Propercy.
<br /> BORROWER COVENANTS thai Boaowea is lawfully seised of ihe estate hereby conveyed aad has the right to g�ant and �=::4,..
<br /> - .�: �':-`�� conve the ProPestY and tLat the PmpexiY is im�bered. exoept for eacvmbiances of recocd.Borrowea wazrants and will :: ,.
<br /> - Y m
<br /> L ` .���� def�d geueaally the tide w the PraperiY agamsi alI claims and demands,sabje�t to any encumbiances of recard. _ _ `
<br /> . . '1'HIS SECL1RTfY INS'TItUA�ENT combines unifaim covenants for national�se and non-m�i�iaRm cov�ants with limited _�: ; .
<br /> . variations by jurisdiaion W coa�a anifotrn seaaitY�nstrumwt cavaing real property. '.:�•:.
<br /> � iJNII�ORM COVENANTS.Bonower and Lwder cavenant and agcee as follnBorrawea s6all Pi'nmpttY PaY when due the �
<br /> . � 1.Payment of Pdmapal and Inte�est;PrePaJment and I.ate Ct�arges- o ra �' ` .'`°
<br /> entand Iate chaiges dne under 1he Note. ' 't � :`:`.. :
<br /> ' � , Prin�ipal of and int�est ou the debt evidenced by the Note and any PrePayu► � ,�. .4_ .,1;.;;...�
<br /> � � Z.F�mds tor Taxes and Insuranae. Snbject to applicable iaw or w a wrimen araiver by Ixudea>Boirower shall pay a� : sx:z�:;.:.='
<br /> �t l.e�der on the day montWY PaYments are dae uader the Note.emh7 t he Note is paid'm fnll,a sam("Fuads'�for:(a)Year1Y taxes ,=F�,,, ,;�`.
<br /> • � ± �d assessnent�which may auaia Priflrih►over Wis Sec�uity Insuameat as a lien on the Propeaty;N)Yearly teasehnld paYmenis r�.t �,,�._
<br /> � � or ground r�ts on the Ptapeicy,if any:(c?Y�Y��r propacy u,suzance pm,nuum�(�yeariy ftaod iasurance premi�m9,if .�. ',��l- _.�:.r�.
<br /> . , � anY:(e)YearlY mortgage insuiance premiwns,if any;and(�any sums payable by Borrower to I.euder,ia accordance arith the � .�'.;...�.•_ �.,...
<br /> . provisioas of paragraph 8. in liai of the payment of mortgage insurance premiums. 'Ihese imabs are ca11�d"Esc�w Itcros" ( ..,,,�
<br /> 4 ,: ,•;�::' � �
<br /> ' . �� I.ender may.at any time,coltect sAd hotd Funds in an amount not Eo eaceed the maximum amnuat a teader for a federally ielated . ' _
<br /> . .' "'_{ m°ngage toan may recluire for Bonower's csc�ow ascount und�the[ederal Rea!Fstatc Seuteraent Pracedures Act of 1974 as - . - . �v.
<br /> 1 amerided from time to ame,IZ U.S.C.Section 2601 et seq. C'RESPA'�,unIess another law titat ayplies tn the Funds sets a 2essca
<br /> . ., amounc If so. Leader may.at any time.collez[and hold Funds in an amount not tfl exceed ihe lesser amount Lender may _"'
<br /> estimatc the amount of Funds due oa the 6avs of cuaent data and reasonab2e eswnates of expendihu�es of future Fscrow Items or ,- _�
<br /> � � otheswise in accordancc wdth applicable law. � i �T`-
<br /> � ' The Funda sUaii he hetd in azt insstiu�wtioa whose deposits are insurcd by a federal agencY,insmunentality,or endty(including ;� �L
<br /> '� lA _
<br /> lander,if Lender is sucb an iastiwtion)or in any Fedetal Home Loan Bank.l.ender shall apply the Funds to pay the Esa�ow
<br /> � G:;�`_
<br /> :{ Items,Lender may not charge Borrower for hotding and a�plying the Fwtds.aunnalty analYang the escrow account,or verifying • �-
<br /> i . thc Fsccuw Items,uniess Lender pays Hoaower iatere.ct oa the Funds aad applicable law pe=mits Lender w make such a cbiarge. , ',-��:'•
<br /> , -�• However, Leader may require Borrower tn pay a on�time charge for an independent real estate tax reportin8 seNice�sQd by ,,� ��;��
<br />�� � Lender in connec6on with this Ioan.untess aPPlicable law pmvides othera+ise.Untess an agreeme,nt is made or applicabie!aw ��;'��,;� 'i�r�:.
<br /> r¢quires interest to 6e paid,Leaidra shaU not 6e req�ired to pay Borrower any interest or ea�nit►gs on the Funds.Bmrowe�and . f;: ��-,::
<br /> �. . � . � '� `-q
<br /> Ixnder may agree in wripn8,howevex,that interest shall be paid on the Fuads.I.ender st�aU gi�+e w Bomnwer,without charge,an . . �,�;
<br /> . , � anuual acc�uat�g of the Funds,showing c�edits aad debits m the Funds and the purpose for which each debit tn the Fands was :L,:�,�..,
<br /> made.'ihe Fuads ate pledged as addiUnnal securiry for aII swns secured by this Sec�uiry Insuumea►t - .:�:
<br /> � . . �1 if the Funds held by Lend�exceed the amounts pennitted w be held by a�plicabie faw.1-ende�shall acconnt to Bormwer for -. �''=,��;
<br /> .r_:.:
<br /> � the excess Funds in accoidance with the re�tu�emenis of applicable law.If the amount of the Funds held by Leader at any time is . ._�;��_
<br /> . � not suificient to pay the Fscrow Iteaus when due.Lender may so notify Bomower in writu�g,and,in sucU case Borrower shall pay . _ -;.:'��.,,"
<br /> j to I.ender the amount necessary to make aP the deficiency. Borrower shall make ap the defieiency in ao more than tweive .
<br /> � :��• monWY PaYments.ai Lender's sole discretion. _ _-
<br /> � , Upon payment in full of aIl sums secured by this Security Insorumen�L.ender shal�promptly refund to Botrower any Funds ' . ' . . .
<br /> held by Lender.If,under paragiaph 21.L,ender shall acqnire or sell the Propeaty,Lender,prior to the acquisi6on mr sale of the r. � ; �;,.
<br /> ap
<br /> Property, sAall apply any Funds heId by Lende�ai the time of acquisidon or sa3e as s aedit aga�st ihe sums secared by this . .
<br /> � � Scc�uity Ynswmen� _ .
<br /> � 3.Applieatton of Yayments. Untess applicable law provides otheavvise,all paymenis received b�y�Lender under paragray� .
<br /> i 1 arid 2 shaU be applied: first,to anY prepaYment charges duc under the Note:second,to amounts yab2e under paragraP
<br /> . � third'w int�t due:fourth,w principal due;and last,to any 1atE charges due nnder the Note. .. .. . ,
<br /> 4.Charges;Liens. Borrower shail pay all ta�ces,assessmenis.charges.fines and impositions aunbutable w the ProPert}+
<br /> � whicA may attain priority over this Securiry Insuument,and leasehold payments or ground rents.if any.Borrower shall pay these . .
<br /> yobligations in the mamicr provided in paragrapD 2.ar if not paid in that manner.Borrower shall pay them on tnne direcdy to the . .
<br /> .', J peason owed paymen�Borrower shall prompdy fumish to 1.ender all notices of amounis w be paid under this paragraph. If .
<br /> � . Borrower makes ihese payments directly,Borrower shall pmmptly fumish to Lender receipts evidencing t1�e payments. • ,
<br /> . Bonower shall promptly discharge any lien which has priority over this Securiry Insuument unless Banower:(a)agees� . � • ��
<br /> writing w ihe payment of the obligation sec�red by the lien in a manner acceptable to Lender;(b)contests in good faith the licn :- _
<br /> by, or defeads against enforcement of the lien in, legal proceedings which in the Lender's opinion operate w yrevent the
<br /> ' enfqrcement of thc lien;or(c)secures irom the holder of the lien an agreemenL satisfacwry w Lender subordinating ihe lien w .. .. .
<br /> � � this Sccurity Inswment tf Lender determines that any part of the Property is subject to a Gen which may suain paoruy ovcr this .
<br /> • i Security insuument,Lender may give Boaower a notice identifying the lien.Borrower shall satissfy the lien or take ane or more � ,
<br /> ' { of the actions set forth above within 10 days of the giving of notice. Form 8028 9/90 � ,.
<br /> 1
<br /> ' � , �•8R(NE)1fl2t21�o� Pago 2 ot e Inma�a: . . . ,.
<br /> • i
<br /> . _ . .. . ._ . , .
<br /> --'...---.. .. � --
<br /> . - , . . _ . .. . . . . � . , • . ... . ' ' -
<br /> ' � . _ . � . . . i -
<br /> � .
<br /> .
<br /> -��'�' � -_-----
<br /> ' ' . . . . � � .. . . ..�, • .. , . � r �, ...
<br /> .. �, , . . ,. . � - •
<br /> . . .._. . . , .
<br /> .
<br /> -��1,�, . . . .. . ,. .- . -...- . , . .. .
<br /> . .
<br /> . ,
<br /> .,
<br /> . . , . . � . . : ---- •, .. ...
<br /> . . .-,: .-, ��_ i.
<br /> �
<br /> . _ .
<br /> � _ . , _ . .. _ . . _ . . _ _._ -- - . :•••. . . . . . .. . . . . '-'^ � _. _.. . . . . . . . _
<br /> . .. � • . .
<br /> �,� . '
<br /> s �
<br />
|