|
__- — .. .. . .. . • r f. .. . . , . . _ . . ` . .. . _. _ . . . _ -
<br />_ _. • . '. __"_—" __ ___-_._._. _ ._. . t _.__. _ - . � _ ,-._' ' __ _ '_=�.�T"_—"' _'___ - _.--_�' ---
<br /> ,.. ' . ,� ... . ' . ' . . . . �_ . k�.........__.-- . ` • _
<br /> . . .. . . ,. . . _� ` a „' __ '_ ".__.�...'— -.__...'" ' .. .
<br /> i . �. .—." '._4_ . } .
<br /> . . � � . � _. � , .' . ._. . • _
<br /> ..
<br /> . . .. . �""'...�_'_=�_ . - ..._ . .
<br /> _'—�_°`--�...._-- �_.�.—'_'."""_.'_" . _ . 1• .
<br /> 't
<br /> �7� icis�s _ ; -��;;__ A-
<br /> :�
<br /> TOGFTHER N%ITH all chc impro�•emena now or hereafter erected on th2 propem�. and all t:,..rment,,appurtenance�. anJ �
<br /> , j' tixture� now �,r ileresftrr a p;irt uf the pr��perty. :111 rcpl:tcrmentti :uid additiun> ,hall al,n hr �uverexi by [hi. Scwurity � , . �'�
<br /> (tutrument. AU of the fr�rrgu�ng i,reC�rccJ tu►n thi.S�tiurity In+trumrnt a..the "Pruperty." `� . � ?�x
<br /> BORR0�4'ER CQVENA.'�TS that 8arr��arr�.Iswfull) ut�ed�►f lhC e���t� hcrrby c��me}ai anJ ha�thr right to grant and . ,
<br /> �om•ey the Property anJ that thr Proprn} i+ uncnrumhrrrtil. rxcept ti�r�ncumbrance+uf�rcrurd. Hom��ver warrant, and wilf -•—•�-.`--`
<br /> , � defend generally the tide to the Pruprny ag�umt alk e•laim,�nd acm:utds. +ub�cti[ tu any enrumbr:u�rr.uf rrcurd. •' , . __
<br /> THIS SECURITY INSTRUblENT rombmr.umlurm cutirnanh 1or nanunal u,e and nan-unit��rni�u�enann with limite� .
<br /> --. variatiom by�juri.dicuun to�on.[�tute a umti�rm.erunty m,trument c�tivrnng real prupen}.
<br /> ' i�NIFORM COVENANI'S. Bi►rru�ve�and l�ndcr rucrnant anJ aEree:u Fulluw,: • . _
<br /> -- I. Payment uf Pi:ncipa! and latcm4t: Prepa�mc[nt und L��te Charge.. Borrowcr ,hall prumptly p�y when due the T- ---- -� _�:� '
<br /> principal of and interest un thc debt evidenr�i by the Notc and any prepayment and late ch:uge�due under the Note. , .,
<br /> 2. Funds for Taxe�and lnsurance.Su6jcrt a� applirable law ar t�� a w�ritten waiver by Lender. Borrower chall pay to 4,
<br /> Lender on the day montbl} payments:�re due under the Note.unul the Note is paid in fuU,x sum l"Funds")for. lal yearly taxes . _ _
<br /> and assessment�which may attain priurity over this Security Imtrument as a lien an the Property:Ibl yearly le�asehold payments , `` ._
<br /> ' or ground rents on the Pmperty. if any:Ici yeatly ha�urd or property intiuran��e premiucns:ld)yearly floexi iasurance premiums. �_��r;
<br /> , if any: (e)yearly mortgage insurance premium�. if any:and It��y sum� payable by Borrower to Lender.in accordance with .���
<br /> the provisians of paragraph 8.in iieu of the payment of mo�tgage insurance premium..These items are called °Escrow Items." ' `'• =T
<br /> Lender may. at any time.collect and hald Funds in an amount not to exceed the maximum amount a lender for a federally �____`„T,—
<br /> related mortgage loan may require far Borrower'�escraw account under the federal Real Estate Settlement Procedures Act of ";"�•"Y�
<br /> 1974 as amended ftom time to time. 12 U.S.C. Section 2601 er seg. 1"RFSPA").unless another law that applies to the Funds ���
<br /> sets a lesser amount. If so, L.ender may.at any time, collec[ and hoid Funds in an amount not to eaceed the lesser amount. ,� ���,,,
<br /> . •`" L.ender may estimate the amount af Fundy due on the basi5 of current data and�onable estimates of expendirures uf future ,
<br /> � .:
<br /> - Escrow ltems or othenvise in accordance with applicable law. �� ' '�.
<br /> , •: The Funds shall be held in an institution whose deposits are insured by a federal agency. instrumentality. or entity ��:4
<br /> � � (including I.ender,if Lender is such an institution�or in any Federal Home Loan Bank. [.ender shall apply the Funds to pay th:. _`.�'`' -z:��;�_-_:
<br /> �.. Fscrow Items.Lender may not charge Barrower for holding and applying the Funds. annually analyzing the escrow account,or . . ,,�r
<br /> �.���, verifying ehe Escmw Itertu, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such r^�: � �:•
<br /> a charge. However,C.ender may require Horrawer to pay a one-time charge for an independent real estate tax reporting service , �?r�•- ��t;,�
<br /> . used by Lender in wnnection with this loan, unless applicable lativ pro�ides otherwise. Unless an agreement is made or '� ��
<br /> - a applicable law requires interest to be paid,l.ender shall not be required to pay Borrower any interest or eamings on the Funds. _ ��
<br /> ,. �, .,
<br /> Borrower and l.ender may agree in writing, however,that interest shall be paid on the Funds. I.ender shal4 give ta Borrower, � + -
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and U`!:purpose for which each �r.' ' :.
<br /> de�it to the Funds was made.The Funds are pledged as additional security for aU sums secured by this S�curity Instrument. ,�;;.•, : ._`_
<br /> If the Funds held by L.ender exceed the amounts permitted to be held by applicable law. Lender shall account to Barrower _ :��, ,, ,
<br /> � for the excess Funds in accordance with the requiremenu uf applirable law. If the amount of the Funds held b� L.ender at any �}-. '
<br /> time is noi sufficient to pay the Fscrow Items when due.Lender may so notify Borrower in writing,and, in such case Borroa�e: �.- `;�`�: ,
<br /> i�r�A_.`;
<br /> shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more tha�-� �:_'�
<br /> � - tw•elve monthly payments,at Lender's sole discretion. �'� -
<br /> t ..-:..
<br /> � Upon payment in full of all sums secured by this Securiry lnstrument, Lender shall promptly refund to Borrawer any ,�;' �:�
<br /> ' �; Funds held by Lender. lf,under paragraph 21, l.ender shall acquire or sell the Property. L.ender,prior to the acquisition or sale _ ' �'�__
<br /> , of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by
<br /> �-X�� —,..
<br /> this Security lnstrument. � :
<br /> " 3.Applicat�on af Payments. Unless applicable law provides othenvise,all payments received by Lender under paragraphs �
<br /> l and 2 shall be applied:first. to any prepayment charges due under the Note; second, to amounts payable under paragraph 2; �,--�,R��-��;;�
<br /> third,to interest due; fourth,to principal due:and last,to any late charges due under the Note. �s���•
<br /> � 4.Charges;Ltens.Borrower�hall pay all taxes.assessments, charges, fines and impositions attributable ro the Property — _
<br /> which may attain priority over this Security Instrument. and leasehold payments or ground ren�S, if any. Bonower shail pay f��� -a�_
<br /> • � these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrower shall pay them on time directly �+�i8r��,�,_�
<br /> to the person owed payment.Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. P:�.� �_-
<br /> If Borrower makes these payments directly. Borrower shall prompdy fumish to Lender receipts evidencing the payments. - �:���,�_,� _�
<br /> � Borrower shall promptly dischar�e any lien which has priority over this Security Instrument unless Borrower: (a)agrees in �
<br /> .... writing to the payment of the obligation secured by the lien in a manner acceptable to Lender:(b)cont�ts in good faith the lien = ''•� ' ' �,_��,' _
<br /> • by, or defends against enforcement of the lien in, legal proceedings which in the Lender's apinion operate to prevent the %��:�_�:�.�-•--
<br /> • enforcement of the lien:or fe) secures from the hulder of the lien an agreement satisfactory to Lender subordinating the lien to :� � �' ::�.-��-i°-�
<br /> this Security Instrument. If l.ender determines that any pan of the Properry is subject to a lien which may attain priority over L*'���'�h"'-''"'.r,T�`•
<br /> this Security Instrument.Lender may give Barrower a notice identifying the lien. Borrower shall satisfy the lien or take one or `a;�'�.�'�"�='�. -•
<br /> more of the actions set forth above within 10 days of the giving of notice. "��'"�"'�'`
<br /> ..�:u�w�a�!�t+y»;a•r
<br /> Form 3028 9190 .
<br /> � tw�::e+,+!-
<br /> � Pa90 2 of 6 . . ..�`+.�. .
<br /> .� � � ' � . s ,
<br /> ' . . . . ..' .. . . -_" .. � .• - . . , .�' . ' , „ . . • . . .
<br /> � . _ . f , , � � � �� � � • � I
<br /> . , . . , . • . . : � . • • �
<br /> . . . . , << . . .
<br /> • • , . ' . � . . . d
<br /> . . . . . �. _
<br /> • • . . . . � �� - � �.:w.-.,_--_-,r._:.�.�.,�.,;_-._ _ . . �,:
<br /> ----,:� � ,_T..._,_.�.��_._�..._...........— . • . � • � ,. . , . ,. . ..
<br /> . . .. . , . .. .
<br /> __.r_r__.�.�_._�
<br /> . . .
<br /> . .,.. , . ... . . . . . . . .
<br /> .
<br /> .
<br /> ,. . . ; , . . . . . .
<br /> •� . . , . ,. • � - .� • ` ' . � � .." � . , • � . . . . •�..
<br /> . . .
<br /> �. ..... . . . .
<br /> , . . . . . .. . , .. . ' �i�� � ' •;. . . . ,.. ... . �',� ,
<br /> . ,: . • . � . ,.. . , . . .. . . • . . .. . , . . . . .. . , . .
<br />
|