|
. . . _ . . . ... . . ... . . . '��S—
<br /> - •-.. . /. � . . . . . " " . . . � .
<br /> ' '_".� _._. ., . . . . . ' - _ -- . ___ —
<br /> . . : ., � ..: .....
<br /> - ___�.i.r,___ ..— _ .. _ . . _ _. ' _ _ _. "_ __._ . . ... " __ — _' " , _ ...f. _ . � r . �— _
<br /> . � ' � . . . . � � , , ' . _ �... _ . . \ � �r`. ��i'.
<br /> . . . . , . . . . . . ' .' ,�v
<br /> � . ' . ' . � . . . .. ' . ' ` �, . '
<br /> . . , �� . .. ' . ' ' _''_' . • ' `
<br /> .._..._ ' " I
<br /> . .. � _ .. .-_! .. '
<br /> .. . , - ....�_._.__�,.._"' __" ' - I. 4 �4
<br /> � � , .
<br /> � RE RECORCE;°�7-1��9�.'7 gg� 1.O.�a'7'''i 6 � . . � � . :.j
<br /> 1 � • `
<br /> TOGETf�R WITH all the improvemenu now or he�eafter erected on the property,and all aasements.appurtenances.and E _
<br /> � fvcuues now or hereafter a part of the property.All repiacements and addiaons shall also be covered by this Seiauiry Insavment � ' ' _ ."`
<br /> { �11 of the foregoing is referred co in�his Seauity�[nstrument as the"Property."
<br /> � BORROVVER COVENANTS that Borrowu is lawfully seised of the estat�hereby conveyed and has the righ[w grant and � � � • . � ,
<br /> � convey the Property and thac[he Property is unencumbered,eaccept for encumbrances of record. Boaower warrdnts and will ' �
<br /> � defend generatly the tide t,o[he Properry ag�M all claims and demands.subject to any encumbrances of record. � - -- - �----- �
<br />�� THIS SECURITY INSTRUMENT cambiaes uniform wvenants for narional use and aon-uniform covenants wit5 lunited �
<br /> • variauons by jurisdiction to con�titute a unifonn security i�sucument covering real propeaty. �
<br /> ' UMFORM COVENAN'I�.Boirower aad I.ender cc�enant and a�ree as follows: ' :
<br />�� 1.Payment of Princi�al and Interest;II'repayment and Late Charges. Borrower shall prompdy pay when due the '
<br /> , � -
<br /> � pr'sndpal of and'mterest on the debt evideaced by the Note and aay prepaymeut and late charges due under[he Note. .
<br /> ; Z.Funds for Taxes and Insurance. Subject[o applicable law or tn a wriueu waiver by Lauder, Boirower sGall pay w `� . �,.
<br /> �j Lender on tde day monthly PaYments are due under the Note.until the Note is paid in full.a svm("Fnnds'�for.(a)Y�Y�� . �
<br /> _� and assessmeats which aaay ausin priority over this Secruity In.�ument as a lien on the Property:(b)Yearly leasehold paym�rs .
<br /> j or�round rents on the Property,if any;(c)YeaziY harard or property�sirrance premium�(d)Yearly flood insurance piemiums,if . �� .'�"'z'
<br /> � �Y.(e)Y�Y mortgage ins�uance premiums�if any:and(�anY sums PaYabte by Bocrower to Lender,in accordance with the
<br /> provisions of paragraph 8,in lieu of the paymenc of mortgage ins�uance premiums.'Ihese �s are called "Eusow Ite�ns." � �.� � -
<br /> Lender may,at any rime,collect and hold Funds in an amount nnt w exce�d We maximum amount a lenda for a federaIIy related . . ,, '��---
<br /> mortgage loan may require for Borrower's esaow account under the fede�al Rea1 Estate SeNement Procedwres Act of 1974 as � ,., � � �;' ,`�,�..
<br /> amended fmm rime[o tune.l2 U.S.C.Section 2601 ea seq. ("RESPA'�,vntess aaother law 8�at applies to the Funds sets a les�er t� • ... � .,...•-,: s�:�'.;
<br /> amounG If so, I.eader may,at any time, collect and hold Funds i�an amount not tn exceed the lesse,r amount Leader may [ ' � � '' -• -, :
<br /> '� estiraaDe the amount of Funds due on the basis of cunent dara an�r�onable esrimates of expendiaues of fuwre Fscrow Items or j ` � ` �`-- =��
<br /> jothecwise in accordance wiW applicabie law. � ; .
<br /> ,� � The Funds shall be held in an insdtudon whose deposits are uunred by a federal agency,insaumeatality,or entity(iacluding . ,�r�" '�"�
<br /> � ._:,:� . .,.�=�f� :.
<br /> Lender, if Lender is such an ins[inuion)or ia any Federal Hotne Loan Bank.I.ender shall apply the Funds w pay the Esccow . .r.,
<br /> Items.Lender may nac charge Borrower for holding an�applying the Funds,annually analyzing the escrow accounG or verifying � : � _ .
<br /> the Escrow Items,unless Lender pays Borrower interest on the Fun�.s and applipble law permats I.euder w make such a charge. : . `=Jb' •
<br /> However,I.ender may require Borrower to pay a one-time chargs for an independent real estate tax reporru�g service used by � .
<br /> Lendet in connection with this loan. unless applicab1e law provides otherwise. Unless an agreement is made or applicable law � � `� ��� �
<br /> � •�; �,:, , ° �; �, '
<br /> requires interest[o be paid,Lender shall not be required w pay Borrower any interest or earnings on the Funds. Borrower and ' `.;?� :
<br /> Lender may agree in writing,however.�hat interest shall be paid on the Funds.Lender shall give ro Borrower.without charge,an .,'. � `� ,��.
<br /> annual accounring of the Funds,showing credits and debits to ths Funds and the purpose for which each debit to the Funds was � ''°''''���'�' �i��
<br /> made.The Funds are pledgedas additional security for all sums secaued by this Seavriry Instrumenc �i �:��• -
<br /> If the Funds 6sld by Lender exceed the amounts penniued w be held by applicable law,Lender shall account to Bormwer for ���'�k�:,--` �
<br /> the excess Funds in accordance with We requiremeats of applicabie law.If the amount of the Funds held by Leuder az any time is , ;��;,. �� ,•�
<br /> ' not sufficient to ay the Fscrow Items when due,Lender may so notify Botrower in writing,and,ln snch case BoTrowes shall pay : ..r,�� �� - ��-
<br /> P •
<br /> to Lendez the amount nec.essary to make up the deficiency. Borrowec shall make up the deficiency in no more than twelve . , �' �
<br /> mon[hly payments,ai I.endea's sole disaetion. � '�.._, -
<br /> n a et�t in full of all sums securcd b this Securi Instrurttent,Lender shall mm fl refund ro Bonowes any Funds .j�"'. _-'.,,' �.
<br /> UPo P Y� Y tY P P Y ��•�-
<br /> .�a�•__ -
<br /> held by Lendex.If,under paragraph 21,Lender sfiall acquse or sell the Property,Lender.prior tn the acquisition or sale of the _�
<br /> Property�shaU apply any Funds held by Lender at the timme of acqnisition or sate as a cr�idit against the sums sec�aed by this � �, � ��i•. �-
<br /> 'si c i
<br /> Ser.�uity Insuument . �'•��.,;t,_
<br /> 3.Appticatloa of Paymeats. Unless applicable law provides othera�ise.all payments received by L�ender under para�aphs ;�`..,.,�
<br /> i and 2 shall be applied: firss, to any prepaym�t cha:ges dus under t&e Noie;second.w amounts payable uader paragraph 2; R��`� .
<br /> third,to interest due;fourth,w principal due;and last,to any late charges due und�the Note. =`�-�".�"`-_
<br /> � ,,.
<br /> 4.Cdarges;Ltens. Hortower shall pay all taxes. assessments,charges. fines and imposiripns amz'butable to the Prop�rty ��'_�•��� ,,
<br /> which may attain prioriry over this Security Instrument,and leasehold payments or ground rents,if any.Borrower shall pay[hese �'?��''.'"�
<br /> obligations in the manner providrd in paragcaph 2.or if not paid in that mann�.Bosower shall pay them on ame directly to the � ;,,;.., . ��
<br /> pe.rson owed payment Bmrowu shall prompdy fumish to I.ea�r all norices of amounts to be paid under this pata�raph. If � � ` '-,'�
<br /> Borrower makes these a ts direcsly,Boirower shall promptly fiunish to Lender re�eipts evidencing the paymenB. . �r� '•'`."_""��- _
<br /> � �; -
<br /> Borrower shall pmm�yy d�scharge any lien which has priority ovea this Secnrity Instrument anless Borroaer:(a)agrees in . •.
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lenda:(b)contests in good faith the lien � � .'
<br /> by. or defends against enfo�cement of the lien in, tegal praceedings which in the Lertder's opinion oDerarc oo prevent the . • .
<br /> enforcement of the lien:or(c) secures from the holder of the lien an agreement satisfactory to Lendet subordinating the Gen tn � � _
<br /> this Secnriry Instrument If Lender detetmines that any part of the Propaty is subject to a lien ahich may auaia priority ovea this ' �
<br /> Secnriry Insnumen�Lender may give Bomower a norice idenofying the li�.Borrower shall satisfy the liea or taice one or more �� �._
<br /> of the acrionS set forth above within 10 days of the giving of notice. �
<br /> Foim 302A 9/90
<br /> �•6V(NE7(9212).Of Pag�2 of 8 Imtlab: --- .
<br /> .� • ..
<br /> 793-1
<br /> �- --��-�.— �-------z-ao__..__.--------- —..._
<br /> , � . . . �. - . . .
<br /> . . . , ' . ' ' . � . � ' ' � ' f
<br /> _ , � - . , . _ . ' . _ . . • . �...�.--.-��� • ' ' . ' -� � �.�+1 .
<br /> ' `,. �. ... �.� . . , . . , . .. . � . � . Y . , . . . . , . _ . ' . .. . . _
<br /> • , o . �._i ._� � ..- .. • . . � _., • � . . .. . . . �' .. _ ' . ' . .. . . . . ._.. . • � .. . • , . . � ... . . � . . --. ...
<br />
|